CALM FY 2023 Earnings Report — Cal-Maine Foods, Inc. Revenue & Financial Results | Market Cap Arena

Cal-Maine Foods, Inc.CALM

FY 2023 Earnings

Reported July 25, 2023

Quarter Comparison

Revenue

Operating Income

Gross Margin

Net Margin

EPS (Diluted)

Free Cash Flow

Metric	FY 2023	Prior Q	FY 2022	QoQ Change	YoY Change
Revenue	$3.1B	—	$1.8B	—	77.0%
Op. Income	$968M	—	$144M	—	574.2%
Gross Margin	38.0%	—	19.0%	—	19.1pp
Net Margin	24.1%	—	7.5%	—	16.6pp
EPS (Diluted)	$15.52	—	$2.72	—	470.6%
Free Cash Flow	$726M	—	$54M	—	1250.0%

Revenue Flow

Item	Amount
REVENUE	$3.1B
Cost of Revenue	$1.9B
GROSS PROFIT	$1.2B
R&D Expenses	$0
Selling & Marketing	$78M
General & Administrative	$155M
SG&A Expenses	$232M
Other Expenses	-$3M
Operating Expenses	$229M
Cost & Expenses	$2.2B
OPERATING INCOME	$968M
Interest Income	$19M
Interest Expense	$583.0K
Other Income/Expenses	$31M
INCOME BEFORE TAX	$999M
Income Tax Expense	$242M
Net Income from Continuing Ops	$757M
Net Income from Discontinued Ops	$0
Other Adjustments	$0
NET INCOME	$758M
Net Income Deductions	$0
BOTTOM LINE NET INCOME	$758M
D&A	$72M
EBIT	$999M
EBITDA	$1.1B
EPS	$16
EPS Diluted	$16

Income Statement

Item	Amount
REVENUE	$3.1B
Cost of Revenue	$1.9B
GROSS PROFIT	$1.2B
R&D Expenses	$0
Selling & Marketing	$78M
General & Administrative	$155M
SG&A Expenses	$232M
Other Expenses	-$3M
Operating Expenses	$229M
Cost & Expenses	$2.2B
OPERATING INCOME	$968M
Interest Income	$19M
Interest Expense	$583.0K
Other Income/Expenses	$31M
INCOME BEFORE TAX	$999M
Income Tax Expense	$242M
Net Income from Continuing Ops	$757M
Net Income from Discontinued Ops	$0
Other Adjustments	$0
NET INCOME	$758M
Net Income Deductions	$0
BOTTOM LINE NET INCOME	$758M
D&A	$72M
EBIT	$999M
EBITDA	$1.1B
EPS	$16
EPS Diluted	$16

Cash Flow Statement

Item	Amount
Net Income	$757M
Depreciation & Amortization	$72M
Stock-Based Compensation	$4M
Deferred Income Tax	$24M
Other Non-Cash Items	-$1M
Change in Working Capital	$7M
OPERATING CASH FLOW	$863M
Capital Expenditure	-$137M
Acquisitions (Net)	-$2M
Purchases of Investments	-$531M
Sales/Maturities of Investments	$292M
Other Investing Activities	$2M
NET CASH FROM INVESTING	-$375M
Net Debt Issuance	-$224.0K
Common Stock Repurchased	-$2M
Common Dividends Paid	-$252M
Other Financing Activities	$0
NET CASH FROM FINANCING	-$254M
FREE CASH FLOW	$726M
Net Change in Cash	$234M

Balance Sheet

Item	Amount
Cash & Equivalents	$293M
Short-Term Investments	$355M
Net Receivables	$187M
Inventory	$284M
Other Current Assets	$5M
TOTAL CURRENT ASSETS	$1.1B
PP&E (Net)	$745M
Goodwill	$44M
Intangible Assets	$16M
Long-Term Investments	$17M
Tax Assets	$9M
Other Non-Current Assets	$9M
TOTAL NON-CURRENT ASSETS	$839M
TOTAL ASSETS	$2.0B
Account Payables	$83M
Short-Term Debt	$0
Deferred Revenue	$0
Other Current Liabilities	$53M
TOTAL CURRENT LIABILITIES	$183M
Long-Term Debt	$0
Deferred Revenue NC	$0
Deferred Tax Liabilities	$161M
Other Non-Current Liabilities	$10M
TOTAL NON-CURRENT LIABILITIES	$171M
TOTAL LIABILITIES	$354M
Common Stock	$751.0K
Additional Paid-In Capital	$72M
Retained Earnings	$1.6B
Treasury Stock	-$30M
Accum. Other Comp. Income	-$3M
Other Equity	$0
TOTAL STOCKHOLDERS' EQUITY	$1.6B
Minority Interest	-$1M
TOTAL EQUITY	$1.6B
TOTAL LIABILITIES & EQUITY	$2.0B
Total Debt	$0
Net Debt	-$293M