Hostess Brands, Inc. (TWNK) Financial Statements (2024 and earlier)

Company Profile

Business Address 7905 QUIVIRA ROAD
LENEXA, KS 66215
State of Incorp. DE
Fiscal Year End December 31
Industry (SIC) 205 - Bakery Products (benchmarking)
More info Complete Financial Analysis Financial Benchmarking

Balance Sheet (Statement of Financial Position) ($ in thousands)

9/30/2023
MRQ
12/31/2022
12/31/2021
12/31/2020
12/31/2019
12/31/2018
12/31/2017
ASSETS
Current Assets
Cash, cash equivalents, and short-term investments116,498249,159173,034285,087146,377 
Cash and cash equivalents98,584249,159173,034285,087146,377 
Short-term investments 17,914     
Receivables168,783148,180125,550104,892105,679 
Inventory, net of allowances, customer advances and progress billings65,40652,81349,34847,60838,580 
Inventory65,40652,81349,34847,60838,580 
Other undisclosed current assets16,37510,56421,61415,5698,806 
Total current assets:367,062460,716369,546453,156299,442 
Noncurrent Assets
Property, plant and equipment425,313335,305303,959242,384220,349 
Intangible assets, net (including goodwill)2,627,4952,651,0072,674,5182,389,1682,476,860 
Goodwill706,615706,615706,615535,853575,645 
Intangible assets, net (excluding goodwill)1,920,8801,944,3921,967,9031,853,3151,901,215 
Other noncurrent assets72,32919,28317,44612,99314,062 
Total noncurrent assets:3,125,1373,005,5952,995,9232,644,5452,711,271 
TOTAL ASSETS:3,492,1993,466,3113,365,4693,097,7013,010,713 
LIABILITIES AND EQUITY
Liabilities
Current Liabilities
Accounts payable and accrued liabilities131,657104,99595,22884,19675,6751,700
Interest and dividends payable4,8284,8154,8704,849 
Taxes payable  1,255411 
Employee-related liabilities32,06328,9859,5055,1271,700
Accounts payable85,66768,10461,42868,56665,288 
Accrued liabilities45,990     
Debt3,91714,17013,81111,88311,268 
Derivative instruments and hedges, liabilities 4232,04213,694704  
Self insurance reserve    1,9381,6461,100
Other liabilities16,42011,17611,121   
Other undisclosed current liabilities71,89461,24656,54061,20452,514 
Total current liabilities:224,311193,629190,394159,925141,1032,800
Noncurrent Liabilities
Long-term debt and lease obligation, including:999,0891,099,9751,113,037975,405976,736 
Other undisclosed long-term debt and lease obligation999,0891,099,9751,113,037975,405976,736 
Liabilities, other than long-term debt348,623319,452296,569256,051  
Deferred income tax liabilities347,030317,847295,009256,051
Other liabilities1,5931,6051,560   
Other undisclosed noncurrent liabilities123,092134,265144,744126,096342,617 
Total noncurrent liabilities:1,470,8041,553,6921,554,3501,357,5521,319,353 
Total liabilities:1,695,1151,747,3211,744,7441,517,4771,460,4562,800
Equity
Equity, attributable to parent, including:1,797,0841,718,9901,620,7251,485,7921,199,803 
Common stock      
Treasury stock, value(189,232)(59,172)(6,000)   
Additional paid in capital1,311,6291,303,2541,281,0181,152,055925,902 
Accumulated other comprehensive income (loss)35,078(506)(10,407)(756)2,523 
Retained earnings639,595475,400356,101334,480271,365 
Other undisclosed equity, attributable to parent 1414131313 
Equity, attributable to noncontrolling interest    94,432350,454 
Total equity:1,797,0841,718,9901,620,7251,580,2241,550,257 
TOTAL LIABILITIES AND EQUITY:3,492,1993,466,3113,365,4693,097,7013,010,7132,800

Income Statement (P&L) ($ in thousands)

9/30/2023
TTM
12/31/2022
12/31/2021
12/31/2020
12/31/2019
12/31/2018
12/31/2017
Revenues1,358,2071,142,0361,016,609907,675850,389 
Cost of revenue
(Cost of Goods and Services Sold)
(892,528)(732,053)(660,970)(607,841)(583,112) 
Gross profit:465,679409,983355,639299,834267,277 
Operating expenses(245,401)(209,245)(220,329)(163,738)(145,719)(2,000)
Operating income (loss):220,278200,738135,310136,096121,558(2,000)
Nonoperating expense(8,994)(40,926)(6,608)(41,639)(27,178) 
Other nonoperating income (expense)31,956(1,730)(3,723)(1,769)(146) 
Interest and debt expense(40,950)(39,762)(42,826)(39,870)(39,404)1,600
Income (loss) from continuing operations before equity method investments, income taxes:170,334120,05085,87654,58754,976(400)
Other undisclosed income from continuing operations before income taxes40,95039,76242,82639,87039,404 
Income (loss) from continuing operations before income taxes:211,284159,812128,70294,45794,380(400)
Income tax expense(47,089)(40,513)(20,405)(16,892)(12,954) 
Income (loss) from continuing operations:164,195119,299108,29777,56581,426(400)
Income (loss) before gain (loss) on sale of properties:119,299108,29777,56581,426(400)
Net income (loss):164,195119,299108,29777,56581,426(400)
Other undisclosed net loss attributable to parent   (3,621)(14,450)(18,531) 
Net income (loss) available to common stockholders, diluted:164,195119,299104,67663,11562,895(400)

Comprehensive Income ($ in thousands)

9/30/2023
TTM
12/31/2022
12/31/2021
12/31/2020
12/31/2019
12/31/2018
12/31/2017
Net income (loss):164,195119,299108,29777,56581,426(400)
Other comprehensive income (loss)(12,673)(3,575)3,421(4,546)1,717 
Other undisclosed comprehensive income (loss)48,25713,476(12,984)   
Comprehensive income (loss):199,779129,20098,73473,01983,143(400)
Comprehensive loss, net of tax, attributable to noncontrolling interest   (2,749)(13,292)(19,050) 
Other undisclosed comprehensive loss, net of tax, attributable to parent      
Comprehensive income (loss), net of tax, attributable to parent:199,779129,20095,98559,72764,093(400)

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.

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