The Hershey Company (HSY) Financial Statements (2024 and earlier)

Company Profile

Business Address 19 EAST CHOCOLATE AVENUE
HERSHEY, PA 17033
State of Incorp. DE
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 millions)

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 investments     588380
Cash and cash equivalents     588380
Receivables711671615569594588
Inventory, net of allowances, customer advances and progress billings1,173989964815785753
Inventory1,173989964815785753
Prepaid expense 0 1010
Other current assets128128159154180 
Other undisclosed current assets6084591,23957991281
Total current assets:2,6202,2462,9782,1172,2392,002
Noncurrent Assets
Property, plant and equipment5,7095,4012,2852,1532,1302,107
Intangible assets, net (including goodwill)4,5734,6713,2833,3273,0791,190
Goodwill2,6072,6331,9881,9861,801821
Intangible assets, net (excluding goodwill)1,9662,0381,2951,3411,278369
Deferred income tax assets40412931
Other noncurrent assets945868556512253252
Deferred tax assets, net13
Other undisclosed noncurrent assets (2,940)(2,815)    
Total noncurrent assets:8,3288,1666,1546,0235,4643,552
TOTAL ASSETS:10,94910,4129,1328,1407,7035,554
LIABILITIES AND EQUITY
Liabilities
Current Liabilities
Accounts payable and accrued liabilities1,8031,5511,3791,2731,2151,217
Taxes payable317203418
Accounts payable971692580551502523
Accrued liabilities833856782702679676
Debt1,4479425137361,203859
Other undisclosed current liabilities7     
Total current liabilities:3,2572,4931,8922,0092,4192,077
Noncurrent Liabilities
Long-term debt and lease obligation, including:3,3444,0874,0903,5313,2542,061
Long-term debt, excluding current maturities  4,0903,5313,2542,061
Finance lease, liability69667676
Other undisclosed long-term debt and lease obligation3,2754,021(76)(260)  
Liabilities, other than long-term debt1,0481,075912856623485
Deferred tax liabilities, net17746
Deferred income tax liabilities328288229200
Other liabilities720787683656446439
Operating lease, liability    184
Total noncurrent liabilities:4,3925,1625,0024,3873,8772,546
Total liabilities:7,6497,6556,8946,3956,2964,622
Equity
Equity, attributable to parent, including:3,0782,7572,2341,7391,399915
Treasury stock, value(1,556)(1,195)(769)(591)(6,619)(6,427)
Additional paid in capital1,2971,2601,1911,142982925
Accumulated other comprehensive loss(252)(249)(338)(324)(357)(314)
Retained earnings3,5902,7201,9291,2907,0326,371
Other undisclosed equity, attributable to parent  222222222360360
Equity, attributable to noncontrolling interest   46916
Other undisclosed equity222     
Total equity:3,3002,7572,2381,7451,407932
TOTAL LIABILITIES AND EQUITY:10,94910,4129,1328,1407,7035,554

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

9/30/2023
TTM
12/31/2022
12/31/2021
12/31/2020
12/31/2019
12/31/2018
12/31/2017
Revenues10,4198,9718,1507,9867,7917,515
Revenue, net7,515
Cost of revenue
(Cost of Goods and Services Sold)
(5,921)(4,923)(4,448)(4,364)(4,216)(4,071)
Gross profit:4,4994,0493,7013,6223,5753,445
Operating expenses(2,236)(2,001)(1,932)(2,018)(1,933)(2,122)
Other undisclosed operating income (loss)(2)(4)13(8)(19)(48)
Operating income:2,2612,0441,7831,5961,6241,275
Nonoperating expense(206)(119)(138)(63)(67)(64)
Other nonoperating expense(206)(119)(138)(71)(75)(66)
Interest and debt expense(140)(130)(153)(152)(147)(100)
Income from continuing operations before equity method investments, income taxes:1,9151,7951,4911,3811,4101,111
Other undisclosed income from continuing operations before income taxes324   
Income from continuing operations before income taxes:1,9171,7971,4951,3811,4101,111
Income tax expense(272)(314)(220)(234)(239)(354)
Income from continuing operations:1,6451,4831,2751,1471,171757
Income before gain (loss) on sale of properties:1,4831,2751,1471,171757
Net income:1,6451,4831,2751,1471,171757
Net income (loss) attributable to noncontrolling interest  (5)33726
Net income available to common stockholders, diluted:1,6451,4781,2791,1501,178783

Comprehensive Income ($ in millions)

9/30/2023
TTM
12/31/2022
12/31/2021
12/31/2020
12/31/2019
12/31/2018
12/31/2017
Net income:1,6451,4831,2751,1471,171757
Other comprehensive income (loss)(3)94(13)33(44)63
Comprehensive income:1,6421,5771,2621,1801,127820
Comprehensive income (loss), net of tax, attributable to noncontrolling interest  (11)23826
Comprehensive income, net of tax, attributable to parent:1,6421,5661,2651,1831,135845

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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