← J M SMUCKER Co
| Annual Trend | FY 2017 | FY 2018 | FY 2019 | FY 2020 | FY 2021 | FY 2022 | FY 2023 | FY 2024 | FY 2025 | FY 2026 | |
|---|---|---|---|---|---|---|---|---|---|---|---|
| Cash flows from operating activities: | |||||||||||
| Adjustments to reconcile net income to net cash provided by operating activities: | |||||||||||
| Net Income (Loss) Attributable to Parent | $592.3m | $1.3b | $514.4m | $779.5m | $876.3m | $631.7m | ($91.3m) | $744.0m | ($1.2b) | ($138.7m) | |
| Amortization | $205.9m | $204.8m | $239.1m | $235.3m | $232.0m | $222.5m | $205.9m | $190.1m | $218.3m | $209.5m | |
| Amortization of Intangible Assets | $207.3m | $206.8m | $240.3m | $236.3m | $233.0m | $223.6m | $206.9m | $191.1m | $219.3m | $210.6m | |
| Depreciation | $211.7m | $206.3m | $206.0m | $210.2m | $219.5m | $235.5m | $224.1m | $239.7m | $283.2m | $346.4m | |
| Deferred Income Tax Expense (Benefit) | ($79.4m) | ($803.4m) | ($93.5m) | $7.6m | ($13.9m) | ($38.1m) | ($190.8m) | ($40.5m) | ($108.0m) | ($103.3m) | |
| Share-based Payment Arrangement, Noncash Expense | $22.0m | $15.4m | $20.7m | $26.8m | $28.7m | $22.3m | $25.6m | $23.9m | $29.9m | $23.6m | |
| Share-based Payment Arrangement, Expense | $22.0m | $15.4m | $20.7m | $26.8m | $28.7m | $22.3m | $25.6m | $23.9m | $29.9m | $23.6m | |
| Goodwill and Intangible Asset Impairment | — | $176.9m | $205.1m | $52.4m | — | — | — | — | — | — | |
| Goodwill, Impairment Loss | — | $145.0m | $97.9m | $0 | $0 | — | — | — | $1.7b | $507.5m | |
| Impairment of Intangible Assets, Indefinite-lived (Excluding Goodwill) | $133.2m | $31.9m | $107.2m | $52.4m | $3.8m | $150.4m | $0 | $0 | $320.9m | $454.2m | |
| Gain (Loss) on Disposition of Property Plant Equipment | ($192.4m) | ($6.6m) | ($4.5m) | ($13.0m) | ($7.1m) | ($4.7m) | ($5.1m) | ($7.8m) | ($12.6m) | ($3.9m) | |
| Equity Method Investment, Realized Gain (Loss) on Disposal | $3.8m | — | — | — | — | $0 | $0 | $21.5m | $0 | $0 | |
| Gain (Loss) on Disposition of Business | $0 | $0 | $27.7m | — | — | — | — | — | — | — | |
| Gain (Loss) on Extinguishment of Debt | — | — | — | — | — | — | — | — | $30.3m | — | |
| Income Tax Expense (Benefit) | $286.1m | ($477.6m) | $187.2m | $247.2m | $295.6m | $212.1m | $82.1m | $252.4m | $184.0m | $76.3m | |
| Operating Lease, Expense | — | — | — | — | — | — | $113.3m | $121.7m | $118.7m | $114.4m | |
| Other Nonoperating Income (Expense) | $10.0m | ($1.0m) | ($19.1m) | ($7.2m) | ($37.8m) | ($19.1m) | ($14.7m) | ($25.6m) | ($14.4m) | ($41.4m) | |
| Changes in operating assets and liabilities: | |||||||||||
| Additional Financial Items | |||||||||||
| Increase (Decrease) in Accounts Receivable | ($8.9m) | ($54.7m) | $53.0m | $49.1m | ($22.0m) | ($7.5m) | $74.8m | ($41.5m) | ($117.2m) | $36.9m | |
| Increase (Decrease) in Inventories | $10.4m | ($54.0m) | $5.3m | ($12.6m) | $110.4m | $178.7m | $134.6m | ($2.9m) | $180.6m | ($83.3m) | |
| Increase (Decrease) in Accounts Payable | $2.1m | $19.0m | $43.7m | $181.6m | $260.9m | $149.5m | $151.6m | ($81.7m) | ($36.5m) | ($112.0m) | |
| Proceeds from Stock Options Exercised | — | — | — | $7.1m | $4.5m | $16.3m | $21.6m | $3.2m | $1.9m | — | |
| Disposal Group, Not Discontinued Operation, Gain (Loss) on Disposal | $4.4m | $6.6m | $4.5m | $0 | $25.3m | $9.6m | ($1.0b) | ($12.9m) | ($310.1m) | $0 | |
| General and Administrative Expense | $324.9m | $295.4m | $292.0m | $298.1m | $323.9m | $258.7m | $313.1m | $305.5m | $322.5m | $328.1m | |
| Goodwill | $6.1b | $5.9b | $6.3b | $6.3b | $6.0b | $6.0b | $5.2b | $7.6b | $5.7b | $5.2b | |
| Realized Investment Gains (Losses) | — | — | — | — | — | — | — | ($21.5m) | $0 | $0 | |
| Revenue from Contract with Customer, Including Assessed Tax | — | — | $7.8b | $7.8b | $8.0b | $8.0b | $8.5b | $8.2b | $8.7b | $9.1b | |
| Defined Benefit Plan, Net Periodic Benefit Cost (Credit), Gain (Loss) Due to Settlement | — | — | $7.1m | $100k | ($35.5m) | ($10.8m) | ($7.4m) | ($3.2m) | $0 | ($34.4m) | |
| Other Operating Income (Expense), Net | $4.3m | ($100k) | $31.0m | $600k | $28.7m | $65.4m | $40.8m | ($29.2m) | $18.1m | $15.7m | |
| Net Cash Provided by (Used in) Operating Activities | $1.1b | $1.2b | $1.1b | $1.3b | $1.6b | $1.1b | $1.2b | $1.2b | $1.2b | $1.5b | |
| Cash flows from investing activities: | |||||||||||
| Payments to Acquire Property, Plant, and Equipment | $192.4m | $321.9m | $359.8m | $269.3m | $306.7m | $417.5m | $477.4m | $586.5m | $393.8m | $317.4m | |
| Payments to Acquire Businesses, Net of Cash Acquired | $0 | $0 | $1.9b | $0 | $0 | — | — | $3.9b | $0 | $0 | |
| Payments for (Proceeds from) Other Investing Activities | $38.4m | ($30.9m) | $32.0m | $4.6m | ($53.8m) | $68.0m | ($47.3m) | ($19.9m) | $32.5m | ($600k) | |
| Net Cash Provided by (Used in) Investing Activities | ($189.7m) | ($277.6m) | ($1.9b) | ($271.5m) | $311.1m | ($355.5m) | $256.2m | ($4.0b) | ($100.3m) | ($258.8m) | |
| Cash flows from financing activities: | |||||||||||
| Proceeds from Issuance of Long-term Debt | $0 | $799.6m | $1.5b | $798.2m | $0 | $797.6m | $0 | $4.3b | $650.0m | $0 | |
| Repayments of Long-term Debt | $200.0m | $1.1b | $700.0m | $900.0m | $700.0m | $1.2b | $0 | $1.8b | $1.3b | $500.0m | |
| Payments for Repurchase of Common Stock | $437.6m | $7.0m | $5.4m | $4.2m | $678.4m | $270.4m | $367.5m | $372.8m | $3.3m | $5.6m | |
| Payments of Ordinary Dividends, Common Stock | $339.3m | $350.3m | $377.9m | $396.8m | $403.2m | $418.1m | $430.2m | $437.5m | $455.4m | $464.7m | |
| Payments of Dividends | $339.3m | $350.3m | $377.9m | $396.8m | $403.2m | $418.1m | $430.2m | $437.5m | $455.4m | $464.7m | |
| Dividends Payable, Current | $85.1m | $88.6m | $96.7m | $100.3m | $97.4m | $105.3m | $106.3m | $112.8m | $114.6m | $116.9m | |
| Proceeds from (Payments for) Other Financing Activities | $800k | ($4.0m) | $300k | ($7.2m) | ($400k) | ($100k) | ($2.6m) | ($5.0m) | ($12.1m) | ($4.7m) | |
| Net Cash Provided by (Used in) Financing Activities | ($806.1m) | ($922.0m) | $699.0m | ($688.7m) | ($1.9b) | ($944.5m) | ($964.6m) | $2.1b | ($1.1b) | ($1.2b) | |
| Effect of Exchange Rate on Cash, Cash Equivalents, Restricted Cash and Restricted Cash Equivalents | ($6.2m) | $7.4m | ($7.3m) | ($4.8m) | $11.0m | ($700k) | ($100k) | ($200k) | $500k | $400k | |
| Cash, Cash Equivalents, Restricted Cash and Restricted Cash Equivalents, Period Increase (Decrease), Including Exchange Rate Effect | ($6.2m) | $7.4m | ($7.3m) | $289.8m | ($56.8m) | ($164.4m) | $485.9m | ($593.8m) | $7.9m | ($11.3m) | |
| Cash, Cash Equivalents, Restricted Cash and Restricted Cash Equivalents | — | — | — | $391.1m | $334.3m | $169.9m | $655.8m | $62.0m | $69.9m | $58.6m | |
| Supplemental disclosure of cash flow information: | |||||||||||
| Income Taxes Paid, Net | $367.2m | $336.8m | $250.9m | $227.1m | $333.2m | $233.0m | $254.8m | $316.5m | $332.1m | $42.1m |
Values abbreviated: b = billions, m = millions, k = thousands. Per share data in USD.