1 unchanged sentence
Our common shares are listed on the New York Stock Exchange – ticker symbol SJM.
−Removed: There were approximately 304,821 shareholders of record as of June 12, 2020, of which approximately 35,966 were registered holders of common shares.
+Added: There were 324,874 shareholders of record as of June 10, 2021, of which 34,421 were registered holders of common shares.
Purchases of Equity Securities by the Issuer and Affiliated Purchasers:
15 unchanged sentences
(a) Shares in this column include shares repurchased from stock plan recipients in lieu of cash payments.
−Removed: (d) As of April 30, 2020, there were 3,586,598 common shares remaining available for future repurchase pursuant to our Board of Directors’ authorizations.
+Added: (c) During the fourth quarter of 2021, we repurchased approximately 1.3 million common shares under our repurchase program, as discussed in Note 17:
+Added: Common Shares in Part II, Item 8 in this Annual Report on Form 10-K.
+Added: (d) As of April 30, 2021, there were approximately 2.8 million common shares remaining available for repurchase pursuant to the Board’s authorizations.
Comparison of Cumulative Total Return:
7 unchanged sentences
All rights reserved.
−Removed: Selected Financial Data.
−Removed: FIVE-YEAR SUMMARY OF SELECTED FINANCIAL DATA
−Removed: The following table presents selected financial data for each of the five years in the period ended April 30, 2020.
−Removed: The selected financial data should be read in conjunction with the “Results of Operations” and “Liquidity and Capital Resources” sections within Management’s Discussion and Analysis of Financial Condition and Results of Operations and the consolidated financial statements and notes thereto.
−Removed: Year Ended April 30,
−Removed: (Dollars and shares in millions, except per share data) 2020 2019 2018 2017 2016
−Removed: Statements of Income:
−Removed: Net sales $ 7,801.0 $ 7,838.0 $ 7,357.1 $ 7,392.3 $ 7,811.2
−Removed: Gross profit $ 3,002.0 $ 2,915.7 $ 2,836.1 $ 2,835.3 $ 2,967.8
−Removed: % of net sales 38.5 % 37.2 % 38.5 % 38.4 % 38.0 %
−Removed: Operating income $ 1,223.1 $ 928.6 $ 1,044.0 $ 1,042.6 $ 1,146.3
−Removed: % of net sales 15.7 % 11.8 % 14.2 % 14.1 % 14.7 %
−Removed: Net income $ 779.5 $ 514.4 $ 1,338.6 $ 592.3 $ 688.7
−Removed: Financial Position:
−Removed: Cash and cash equivalents $ 391.1 $ 101.3 $ 192.6 $ 166.8 $ 109.8
−Removed: Total assets 16,970.4 16,711.3 15,301.2 15,639.7 15,984.1
−Removed: Total debt 5,621.3 5,910.8 4,832.0 5,398.5 5,430.0
−Removed: Total shareholders’ equity 8,190.9 7,970.5 7,891.1 6,850.2 7,008.5
−Removed: Net cash provided by operating activities $ 1,254.8 $ 1,141.2 $ 1,218.0 $ 1,059.0 $ 1,461.0
−Removed: Additions to property, plant, and equipment 269.3 359.8 321.9 192.4 201.4
−Removed: Free cash flow (A)
−Removed: 985.5 781.4 896.1 866.6 1,259.6
−Removed: Quarterly dividends paid 396.8 377.9 350.3 339.3 316.6
−Removed: Purchase of treasury shares 4.2 5.4 7.0 437.6 441.1
−Removed: EBITDA (as adjusted) (A)
−Removed: 1,714.8 1,560.9 1,625.1 1,593.7 1,579.1
−Removed: Weighted-average shares outstanding 114.0 113.7 113.6 116.0 119.4
−Removed: Weighted-average shares outstanding – assuming dilution 114.0 113.7 113.6 116.1 119.5
−Removed: Dividends declared per common share $ 3.52 $ 3.40 $ 3.12 $ 3.00 $ 2.68
−Removed: Earnings per Common Share:
−Removed: Net income $ 6.84 $ 4.52 $ 11.79 $ 5.11 $ 5.77
−Removed: Net income – assuming dilution 6.84 4.52 11.78 5.10 5.76
−Removed: Other Non-GAAP Measures:
−Removed: Adjusted gross profit $ 2,982.4 $ 2,969.9 $ 2,802.7 $ 2,868.2 $ 2,968.0
−Removed: % of net sales 38.2 % 37.9 % 38.1 % 38.8 % 38.0 %
−Removed: Adjusted operating income
−Removed: $ 1,508.7 $ 1,492.3 $ 1,439.7 $ 1,492.9 $ 1,490.8
−Removed: % of net sales 19.3 % 19.0 % 19.6 % 20.2 % 19.1 %
−Removed: Adjusted income and earnings per share:
−Removed: Adjusted income $ 999.1 $ 942.7 $ 904.6 $ 895.9 $ 931.3
−Removed: Adjusted earnings per share – assuming dilution 8.76 8.29 7.96 7.72 7.79
−Removed: (A) We use non-GAAP financial measures to evaluate our performance.
−Removed: Refer to “Non-GAAP Financial Measures” within Management’s Discussion and Analysis of Financial Condition and Results of Operations for a reconciliation to the comparable generally accepted accounting principles (“GAAP”) financial measure.
Compared sentence by sentence after normalising whitespace, quotation marks, case and digits, so re-formatting and restated figures do not read as changed language. Wording changes appear as one removal and one addition. The current filing and the prior one are authoritative.