Tootsie Roll Industries, Inc. (TR) Financial Statements (2024 and earlier)
Company Profile
| Business Address |
7401 S CICERO AVE CHICAGO, IL 60629 |
| State of Incorp. | VA |
| Fiscal Year End | December 31 |
| Industry (SIC) | 206 - Sugar And Confectionery Products (benchmarking) |
| More info | Complete Financial Analysis Financial Benchmarking |
Balance Sheet (Statement of Financial Position) ($ in thousands)Annual | Quarterly
| 12/31/2023 Q4 | 9/30/2023 Q3 | 6/30/2023 Q2 | 3/31/2023 Q1 | 12/31/2022 Q4 | 9/30/2022 Q3 | 6/30/2022 Q2 | |||
|---|---|---|---|---|---|---|---|---|---|
| ASSETS | |||||||||
| Current Assets | |||||||||
| Cash, cash equivalents, and short-term investments | 135,400 | 109,212 | 123,872 | 149,398 | 145,726 | 123,090 | |||
| Cash and cash equivalents | 47,320 | 26,047 | 37,992 | 53,270 | 57,216 | 46,628 | |||
| Short-term investments | 88,080 | 83,165 | 85,880 | 96,128 | 88,510 | 76,462 | |||
| Restricted cash and investments | 360 | 371 | 369 | 365 | 332 | 355 | |||
| Receivables | 80,118 | 49,802 | 59,392 | 58,556 | 82,315 | 44,706 | |||
| Inventory, net of allowances, customer advances and progress billings | (34,898) | ||||||||
| Inventory | (34,898) | ||||||||
| Prepaid expense | 7,027 | 8,105 | 7,909 | 12,144 | 2,018 | 7,213 | |||
| Other undisclosed current assets | 113,155 | 147,101 | 112,954 | 123,463 | 93,675 | 105,393 | |||
| Total current assets: | 336,060 | 314,591 | 304,496 | 309,028 | 324,066 | 280,757 | |||
| Noncurrent Assets | |||||||||
| Property, plant and equipment | 217,421 | 214,321 | 211,944 | 212,043 | 210,846 | 212,130 | |||
| Long-term investments and receivables | 243,205 | 252,459 | 252,888 | 247,528 | 241,308 | 258,075 | |||
| Long-term investments | 243,205 | 252,459 | 252,888 | 247,528 | 241,308 | 258,075 | |||
| Intangible assets, net (including goodwill) | 248,261 | 248,261 | 248,261 | 248,261 | 248,261 | 248,261 | |||
| Goodwill | 73,237 | 73,237 | 73,237 | 73,237 | 73,237 | 73,237 | |||
| Intangible assets, net (excluding goodwill) | 175,024 | 175,024 | 175,024 | 175,024 | 175,024 | 175,024 | |||
| Deferred income tax assets | 1,617 | 1,664 | 1,574 | 1,454 | 1,394 | 1,397 | |||
| Other undisclosed noncurrent assets | 19,344 | 2,693 | 450 | 465 | 480 | 494 | |||
| Total noncurrent assets: | 729,848 | 719,398 | 715,117 | 709,751 | 702,289 | 720,357 | |||
| TOTAL ASSETS: | 1,065,908 | 1,033,989 | 1,019,613 | 1,018,779 | 1,026,355 | 1,001,114 | |||
| LIABILITIES AND EQUITY | |||||||||
| Liabilities | |||||||||
| Current Liabilities | |||||||||
| Accounts payable and accrued liabilities | 95,025 | 81,811 | 74,634 | 79,690 | 99,121 | 79,838 | |||
| Interest and dividends payable | ✕ | ✕ | ✕ | ✕ | ✕ | 6,200 | 6,210 | ||
| Taxes payable | ✕ | ✕ | ✕ | ✕ | ✕ | 1,863 | ✕ | ||
| Accounts payable | 22,696 | 22,156 | 21,706 | 25,246 | 30,728 | 21,618 | |||
| Accrued liabilities | 72,329 | 59,655 | 52,928 | 54,444 | 60,330 | 52,010 | |||
| Debt | 1,018 | 1,051 | 1,060 | 1,051 | 949 | 1,020 | |||
| Other undisclosed current liabilities | 9,591 | 8,133 | 1,634 | 9,393 | 1,449 | 1,616 | |||
| Total current liabilities: | 105,634 | 90,995 | 77,328 | 90,134 | 101,519 | 82,474 | |||
| Noncurrent Liabilities | |||||||||
| Long-term debt and lease obligation | 7,500 | 7,500 | 7,500 | 7,500 | 11,436 | 13,519 | |||
| Long-term debt, excluding current maturities | 7,500 | 7,500 | 7,500 | 7,500 | 7,500 | 7,500 | |||
| Liabilities, other than long-term debt | 64,162 | 64,061 | 62,691 | 62,007 | 57,500 | 59,236 | |||
| Deferred income tax liabilities | 46,021 | 45,662 | 45,612 | 45,005 | 41,351 | 43,051 | |||
| Liability for uncertainty in income taxes | 3,818 | 3,913 | 3,825 | 3,747 | 3,540 | 3,584 | |||
| Liability, pension and other postretirement and postemployment benefits | 9,321 | 9,304 | 9,292 | 9,303 | 12,609 | 12,601 | |||
| Operating lease, liability | 5,002 | 5,182 | 3,962 | 3,952 | 3,936 | 6,019 | |||
| Other undisclosed noncurrent liabilities | 85,045 | 86,359 | 80,699 | 76,256 | 72,577 | 76,870 | |||
| Total noncurrent liabilities: | 156,707 | 157,920 | 150,890 | 145,763 | 141,513 | 149,625 | |||
| Total liabilities: | 262,341 | 248,915 | 228,218 | 235,897 | 243,032 | 232,099 | |||
| Equity | |||||||||
| Equity, attributable to parent, including: | 803,874 | 785,376 | 791,691 | 783,171 | 783,601 | 769,276 | |||
| Treasury stock, value | (1,992) | (1,992) | (1,992) | (1,992) | (1,992) | (1,992) | |||
| Additional paid in capital | 742,948 | 753,839 | 768,676 | 719,606 | 743,084 | 746,026 | |||
| Accumulated other comprehensive loss | (25,218) | (26,698) | (27,059) | (30,169) | (34,428) | (31,368) | |||
| Retained earnings | 39,786 | 11,656 | 3,223 | 48,276 | 29,078 | 8,692 | |||
| Other undisclosed equity, attributable to parent | 48,350 | 48,571 | 48,843 | 47,450 | 47,859 | 47,918 | |||
| Equity, attributable to noncontrolling interest | (307) | (302) | (296) | (289) | (278) | (261) | |||
| Total equity: | 803,567 | 785,074 | 791,395 | 782,882 | 783,323 | 769,015 | |||
| TOTAL LIABILITIES AND EQUITY: | 1,065,908 | 1,033,989 | 1,019,613 | 1,018,779 | 1,026,355 | 1,001,114 | |||
Income Statement (P&L) ($ in thousands)Annual | Quarterly
| 12/31/2023 Q4 | 9/30/2023 Q3 | 6/30/2023 Q2 | 3/31/2023 Q1 | 12/31/2022 Q4 | 9/30/2022 Q3 | 6/30/2022 Q2 | ||
|---|---|---|---|---|---|---|---|---|
| Revenues | 249,852 | 160,145 | 162,092 | 189,720 | 213,173 | 143,440 | ||
| Cost of revenue (Cost of Goods and Services Sold) | (164,652) | (107,535) | (111,797) | (124,091) | (141,631) | (95,788) | ||
| Gross profit: | 85,200 | 52,610 | 50,295 | 65,629 | 71,542 | 47,652 | ||
| Operating expenses | (39,300) | (37,857) | (37,499) | (38,272) | (35,957) | (20,674) | ||
| Operating income: | 45,900 | 14,753 | 12,796 | 27,357 | 35,585 | 26,978 | ||
| Nonoperating income (expense) | (718) | 4,804 | 4,780 | 4,785 | (1,246) | (11,137) | ||
| Investment income, nonoperating | (1,185) | |||||||
| Other undisclosed loss from continuing operations before equity method investments, income taxes | (104) | |||||||
| Income from continuing operations before equity method investments, income taxes: | 45,182 | 19,557 | 17,576 | 32,038 | 34,339 | 15,841 | ||
| Other undisclosed income from continuing operations before income taxes | 104 | |||||||
| Income from continuing operations before income taxes: | 45,182 | 19,557 | 17,576 | 32,142 | 34,339 | 15,841 | ||
| Income tax expense | (10,805) | (4,837) | (4,182) | (6,811) | (7,778) | (3,860) | ||
| Income from continuing operations: | 34,377 | 14,720 | 13,394 | 25,331 | 26,561 | 11,981 | ||
| Income before gain (loss) on sale of properties: | ✕ | ✕ | ✕ | ✕ | ✕ | 26,561 | 11,981 | |
| Net income: | 34,377 | 14,720 | 13,394 | 25,331 | 26,561 | 11,981 | ||
| Net income attributable to noncontrolling interest | 5 | 6 | 7 | 13 | 16 | 8 | ||
| Net income available to common stockholders, diluted: | 34,382 | 14,726 | 13,401 | 25,344 | 26,577 | 11,989 | ||
Comprehensive Income ($ in thousands)Annual | Quarterly
| 12/31/2023 Q4 | 9/30/2023 Q3 | 6/30/2023 Q2 | 3/31/2023 Q1 | 12/31/2022 Q4 | 9/30/2022 Q3 | 6/30/2022 Q2 | ||
|---|---|---|---|---|---|---|---|---|
| Net income: | 34,377 | 14,720 | 13,394 | 25,331 | 26,561 | 11,981 | ||
| Other comprehensive income (loss) | 1,480 | 361 | 3,110 | 4,259 | (3,060) | (2,401) | ||
| Comprehensive income: | 35,857 | 15,081 | 16,504 | 29,590 | 23,501 | 9,580 | ||
| Comprehensive income, net of tax, attributable to noncontrolling interest | 5 | 6 | 7 | 13 | 16 | 8 | ||
| Comprehensive income, net of tax, attributable to parent: | 35,862 | 15,087 | 16,511 | 29,603 | 23,517 | 9,588 | ||
Statements Sources
The financial statements are based on the Company's filings with the U.S. Securities and Exchange Commission (SEC) through the Electronic Data Gathering, Analysis, and Retrieval system (EDGAR). The information is derived from the 10-K and 10-Q reports submitted to the SEC in XBRL (eXtensible Business Reporting Language) format and presented according to the US GAAP Taxonomy. Please review the original filings for a more detailed information.