CAL-MAINE FOODS INC

Condensed Consolidated Balance Sheets

(In thousands, except for par value amounts)

Assets

Current assets:

Cash and cash equivalents

$

140,296

$

237,878

Investment securities available-for-sale

656,887

574,499

Trade and other receivables, net

307,292

151,983

Income tax receivable

10,459

10,459

Inventories

299,365

261,782

Prepaid expenses and other current assets

10,296

5,238

Total current assets

1,424,595

1,241,839

Property, plant & equipment, net

975,603

857,234

Investments in unconsolidated entities

11,043

11,195

Goodwill

45,776

45,776

Intangible assets, net

16,210

15,996

Other long-term assets

16,872

12,721

Total Assets

$

2,490,099

$

2,184,761

Liabilities and Stockholders’ Equity

Current liabilities:

Accounts payable

$

116,835

$

75,862

Accrued wages and benefits

28,519

32,971

Accrued income taxes payable

20,787

43,348

Dividends payable

73,013

37,760

Accrued expenses and other liabilities

21,597

37,802

Total current liabilities

260,751

227,743

Other noncurrent liabilities

48,548

17,109

Deferred income taxes, net

129,317

142,866

Total liabilities

438,616

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

78,600

76,371

Retained earnings

1,756,395

Accumulated other comprehensive loss, net of tax

(908)

(1,773)

Common stock in treasury at cost –

26,026

shares at November 30, 2024 and

26,022

shares at June 1, 2024

(31,597)

Total Cal-Maine Foods, Inc. stockholders’ equity

2,045,367

1,800,147

Noncontrolling interest in consolidated entity

6,116

(3,104)

Total stockholders’ equity

1,797,043

Total Liabilities and Stockholders’ Equity

$

2,490,099

$

2,184,761

Index