CAL-MAINE FOODS INC

Condensed Consolidated Balance Sheets

(In thousands, except for par value amounts)

Assets

Current assets:

Cash and cash equivalents

$

497,239

$

237,878

Investment securities available-for-sale

743,134

574,499

Trade and other receivables, net

417,939

151,983

Income tax receivable

10,459

10,459

Inventories

307,291

261,782

Prepaid expenses and other current assets

7,220

5,238

Total current assets

1,983,282

1,241,839

Property, plant & equipment, net

1,005,464

857,234

Investments in unconsolidated entities

12,969

11,195

Goodwill

46,776

45,776

Intangible assets, net

15,627

15,996

Other long-term assets

17,451

12,721

Total Assets

$

3,081,569

$

2,184,761

Liabilities and Stockholders’ Equity

Current liabilities:

Accounts payable

$

170,384

$

75,862

Accrued wages and benefits

47,217

32,971

Accrued income taxes payable

106,711

43,348

Dividends payable

169,503

37,760

Accrued expenses and other liabilities

19,843

37,802

Total current liabilities

513,658

227,743

Other noncurrent liabilities

51,961

17,109

Deferred income taxes, net

128,442

142,866

Total liabilities

694,061

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

79,677

76,371

Retained earnings

1,756,395

Accumulated other comprehensive loss, net of tax

(757)

(1,773)

Common stock in treasury at cost –

26,015

shares at March 1, 2025 and

26,022

shares

at June 1, 2024

Total Cal-Maine Foods, Inc. stockholders’ equity

2,381,772

1,800,147

Noncontrolling interest in consolidated entity

5,736

(3,104)

Total stockholders’ equity

1,797,043

Total Liabilities and Stockholders’ Equity

$

3,081,569

$

2,184,761

Index