CAL-MAINE FOODS INC

Condensed Consolidated Balance Sheets

(In thousands, except for par value amounts)

Assets

Current assets:

Cash and cash equivalents

$

181,667

$

237,878

Investment securities available-for-sale

571,923

574,499

Trade and other receivables, net

272,092

151,983

Income tax receivable

10,459

10,459

Inventories

293,182

261,782

Prepaid expenses and other current assets

14,156

5,238

assets

1,343,479

1,241,839

Property, plant &

equipment, net

960,070

857,234

Investments in unconsolidated entities

11,753

11,195

Goodwill

45,776

45,776

Intangible assets, net

16,175

15,996

Other long-term assets

12,755

12,721

Total Assets

$

2,390,008

$

2,184,761

Liabilities and Stockholders’ Equity

Current liabilities:

Accounts payable

$

128,600

$

75,862

Accrued wages and benefits

18,961

32,971

Accrued income taxes payable

106,288

43,348

Dividends payable

49,971

37,760

Accrued expenses and other liabilities

21,595

37,802

liabilities

325,415

227,743

Other noncurrent liabilities

36,854

17,109

Deferred income taxes, net

128,676

142,866

Total liabilities

490,945

387,718

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

77,503

76,371

Retained earnings

1,856,405

1,756,395

Accumulated other comprehensive loss, net of tax

(474)

(1,773)

Common stock in treasury at cost –

26,024

shares at August 31, 2024 and

26,022

shares at June 1, 2024

(31,632)

(31,597)

Total Cal-Maine Foods,

Inc. stockholders’ equity

1,902,553

1,800,147

Noncontrolling interest in consolidated entity

(3,490)

(3,104)

Total stockholders’

equity

1,899,063

1,797,043

Total Liabilities and Stockholders’

Equity

$

2,390,008

$

2,184,761

Index