3
INFORMATION
ITEM 1.
FINANCIAL STATEMENTS
Cal-Maine Foods, Inc. and Subsidiaries
Condensed Consolidated Balance Sheets
(in thousands, except for par value amounts)
February 27, 2021
43981
Assets
Current assets:
Cash and cash equivalents
$
52,917
$
78,130
Investment securities available-for-sale
127,771
154,163
Trade and other receivables, net
130,314
98,375
Inventories
207,739
187,216
Prepaid expenses and other current assets
4,162
4,367
522,903
522,251
Property, plant &
equipment, net
585,389
557,375
Finance lease right-of-use asset, net
563
678
Operating lease right-of-use asset, net
1,922
2,531
Investments in unconsolidated entities
57,055
60,982
Goodwill
35,525
35,525
Intangible assets, net
22,256
22,816
Other long-term assets
5,671
4,536
Total Assets
$
1,231,284
$
1,206,694
Liabilities and Stockholders’ Equity
Current liabilities:
Accounts payable and accrued expenses
$
99,851
$
92,182
Current portion of finance lease obligation
212
205
Current portion of operating lease obligation
741
796
Total current
liabilities
100,804
93,183
Long-term finance lease obligation
492
652
Long-term operating lease obligation
1,180
1,735
Other noncurrent liabilities
9,690
8,681
Deferred income taxes
102,669
92,768
Total liabilities
214,835
197,019
Commitments and contingencies - see
Note 12
—
—
Stockholders’ equity:
Common stock ($
0.01
Common stock - authorized
120,000
70,261
703
703
Class A convertible common stock - authorized and issued
4,800
48
48
Paid-in capital
63,170
60,372
Retained earnings
980,212
975,147
Accumulated other comprehensive income (loss), net of tax
(135)
79
Common stock in treasury at cost –
26,205
shares at February 27, 2021 and
26,287
shares at May 30, 2020
(27,549)
(26,674)
Total stockholders’
equity
1,016,449
1,009,675
Total Liabilities and
Stockholders’ Equity
$
1,231,284
1,206,694
See Notes to Condensed Consolidated Financial Statements.