Hostess Brands, Inc. (TWNK) financial statements (2022 and earlier)
Company profile
| Business Address |
7905 QUIVIRA ROAD LENEXA, KS 66215 |
| State of Incorp. | DE |
| Fiscal Year End | December 31 |
| SIC | 205 - Bakery Products (benchmarking) |
| More info | Complete financial analysis Financial benchmarking |
Balance sheet (Statement of financial position) ($ in millions)
| 12/31/2021 Q4 | 9/30/2021 Q3 | 6/30/2021 Q2 | 3/31/2021 Q1 | 12/31/2020 Q4 | 9/30/2020 Q3 | |||
|---|---|---|---|---|---|---|---|---|
| ASSETS | ||||||||
| Current Assets | ||||||||
| Cash, cash equivalents, and short-term investments | 249 | 228 | 219 | 198 | 173 | 152 | ||
| Cash and cash equivalents | 249 | 228 | 219 | 198 | 173 | 152 | ||
| Receivables | 148 | 157 | 149 | 159 | 126 | 137 | ||
| Inventory, net of allowances, customer advances and progress billings | 53 | 49 | 52 | 52 | 49 | 48 | ||
| Inventory | 53 | 49 | 52 | 52 | 49 | 48 | ||
| Prepaid expense | 1 | |||||||
| Other undisclosed current assets | 11 | 8 | 13 | 8 | 22 | 20 | ||
| Total current assets: | 461 | 442 | 433 | 418 | 370 | 357 | ||
| Noncurrent Assets | ||||||||
| Property, plant and equipment | 335 | 318 | 312 | 307 | 304 | 284 | ||
| Intangible assets, net (including goodwill) | 2,651 | 2,657 | 2,663 | 2,669 | 2,675 | 2,681 | ||
| Goodwill | 707 | 707 | 707 | 707 | 707 | 707 | ||
| Intangible assets, net (excluding goodwill) | 1,944 | 1,950 | 1,956 | 1,962 | 1,968 | 1,974 | ||
| Other noncurrent assets | 19 | 18 | 18 | 17 | 17 | 17 | ||
| Total noncurrent assets: | 3,006 | 2,993 | 2,992 | 2,993 | 2,996 | 2,983 | ||
| TOTAL ASSETS: | 3,466 | 3,435 | 3,425 | 3,411 | 3,365 | 3,340 | ||
| LIABILITIES AND EQUITY | ||||||||
| Liabilities | ||||||||
| Current Liabilities | ||||||||
| Accounts payable and accrued liabilities | 105 | 101 | 94 | 99 | 95 | 83 | ||
| Accounts payable | 68 | 71 | 68 | 76 | 61 | 60 | ||
| Employee-related liabilities | 32 | 25 | 22 | 18 | 29 | 23 | ||
| Interest and dividends payable | 5 | 5 | 5 | 5 | 5 | |||
| Debt | 14 | 14 | 14 | 14 | 14 | 13 | ||
| Derivative instruments and hedges, liabilities | 2 | 5 | 6 | 5 | 14 | 15 | ||
| Other liabilities | 11 | 12 | 12 | 11 | 11 | 19 | ||
| Other undisclosed current liabilities | 61 | 66 | 59 | 58 | 57 | 66 | ||
| Total current liabilities: | 194 | 198 | 185 | 187 | 190 | 196 | ||
| Noncurrent Liabilities | ||||||||
| Long-term debt and lease obligation, including: | 1,100 | 1,103 | 1,107 | 1,110 | 1,113 | 1,106 | ||
| Other undisclosed long-term debt and lease obligation | 1,100 | 1,103 | 1,107 | 1,110 | 1,113 | 1,106 | ||
| Liabilities, other than long-term debt | 319 | 317 | 313 | 305 | 297 | 300 | ||
| Deferred income tax liabilities | 318 | 316 | 311 | 304 | 295 | 298 | ||
| Other liabilities | 2 | 2 | 2 | 2 | 2 | 1 | ||
| Other undisclosed noncurrent liabilities | 134 | 137 | 137 | 145 | 145 | 128 | ||
| Total noncurrent liabilities: | 1,554 | 1,558 | 1,557 | 1,560 | 1,554 | 1,534 | ||
| Total liabilities: | 1,747 | 1,756 | 1,742 | 1,747 | 1,745 | 1,731 | ||
| Stockholders' equity | ||||||||
| Stockholders' equity attributable to parent, including: | 1,719 | 1,679 | 1,683 | 1,663 | 1,621 | 1,550 | ||
| Treasury stock, value | (59) | (56) | (23) | (6) | (6) | |||
| Additional paid in capital | 1,303 | 1,300 | 1,298 | 1,291 | 1,281 | 1,185 | ||
| Accumulated other comprehensive loss | (1) | (4) | (5) | (4) | (10) | (11) | ||
| Retained earnings | 475 | 439 | 413 | 383 | 356 | 376 | ||
| Other undisclosed stockholders' equity attributable to parent | 0 | 0 | 0 | 0 | 0 | 0 | ||
| Stockholders' equity attributable to noncontrolling interest | 59 | |||||||
| Total stockholders' equity: | 1,719 | 1,679 | 1,683 | 1,663 | 1,621 | 1,609 | ||
| TOTAL LIABILITIES AND EQUITY: | 3,466 | 3,435 | 3,425 | 3,411 | 3,365 | 3,340 | ||
Income statement (P&L) ($ in millions)
| 12/31/2021 Q4 | 9/30/2021 Q3 | 6/30/2021 Q2 | 3/31/2021 Q1 | 12/31/2020 Q4 | 9/30/2020 Q3 | ||
|---|---|---|---|---|---|---|---|
| Revenues | 297 | 288 | 291 | 265 | 256 | 261 | |
| Cost of revenue (Cost of Goods and Services Sold) | (187) | (189) | (186) | (170) | (160) | (170) | |
| Gross profit: | 110 | 99 | 105 | 96 | 96 | 91 | |
| Operating expenses | (56) | (52) | (52) | (48) | (52) | (50) | |
| Operating income: | 54 | 47 | 53 | 47 | 44 | 41 | |
| Nonoperating income (expense) | (9) | (11) | (12) | (10) | 28 | (11) | |
| Interest and debt expense | (10) | (10) | (10) | (10) | (10) | (10) | |
| Income from continuing operations before equity method investments, income taxes: | 36 | 26 | 32 | 27 | 62 | 20 | |
| Other undisclosed income from continuing operations before income taxes | 10 | 10 | 10 | 10 | 10 | 10 | |
| Income from continuing operations before income taxes: | 45 | 36 | 42 | 37 | 73 | 30 | |
| Income tax expense | (9) | (10) | (12) | (10) | (8) | (6) | |
| Net income: | 37 | 26 | 30 | 27 | 64 | 24 | |
| Other undisclosed net loss attributable to parent | (1) | (1) | |||||
| Net income available to common stockholders, diluted: | 37 | 26 | 30 | 27 | 64 | 23 | |
Comprehensive Income ($ in millions)
| 12/31/2021 Q4 | 9/30/2021 Q3 | 6/30/2021 Q2 | 3/31/2021 Q1 | 12/31/2020 Q4 | 9/30/2020 Q3 | ||
|---|---|---|---|---|---|---|---|
| Net income: | 37 | 26 | 30 | 27 | 64 | 24 | |
| Other comprehensive income (loss) | (1) | (0) | 0 | (2) | |||
| Other undisclosed comprehensive income (loss) | 5 | 1 | (1) | 8 | 1 | 0 | |
| Comprehensive income: | 40 | 27 | 29 | 33 | 66 | 24 | |
| Comprehensive loss, net of tax, attributable to noncontrolling interest | (1) | (1) | |||||
| Comprehensive income, net of tax, attributable to parent: | 40 | 27 | 29 | 33 | 65 | 23 | |
Statements sources
The financial statements are based on the company's filings with the 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.