CAL-MAINE FOODS INC

Condensed Consolidated Balance Sheets

(In thousands, except for par value amounts)

Assets

Current assets:

Cash and cash equivalents

$

361,783

$

292,824

Investment securities available-for-sale

206,045

355,090

Trade and other receivables, net

165,391

120,247

Income tax receivable

33,771

66,966

Inventories

287,270

284,418

Prepaid expenses and other current assets

9,673

5,380

assets

1,063,933

1,124,925

Property, plant &

equipment, net

815,468

744,540

Investments in unconsolidated entities

14,370

14,449

45,776

44,006

Intangible assets, net

17,074

15,897

Other long-term assets

10,184

10,708

Total Assets

$

1,966,805

$

1,954,525

Liabilities and Stockholders’ Equity

Current liabilities:

Accounts payable

$

98,144

$

82,590

Accrued wages and benefits

20,164

38,733

Accrued income taxes payable

8,445

8,288

Dividends payable

5,682

37,130

Accrued expenses and other liabilities

21,352

15,990

153,787

182,731

Other noncurrent liabilities

30,571

9,999

Deferred income taxes, net

158,483

152,212

Total liabilities

342,841

344,942

Commitments and contingencies - see Note 10

—

—

Stockholders’ equity:

Common stock ($

0.01

par value):

Common stock - authorized

120,000

shares, issued

70,261

shares

Class A convertible common stock - authorized and issued

4,800

shares

Paid-in capital

74,214

72,112

Retained earnings

1,571,112

Accumulated other comprehensive loss, net of tax

(1,614)

(2,886)

Common stock in treasury at cost –

26,078

shares at December 2, 2023 and

26,077

shares at June 3, 2023

(30,008)

Total Cal-Maine Foods,

Inc. stockholders’ equity

1,626,408

1,611,081

Noncontrolling interest in consolidated entity

(2,444)

(1,498)

Total stockholders’

equity

1,609,583

Total Liabilities and Stockholders’

Equity

$

1,966,805

$

1,954,525

Index