Hershey Company (The) (HSY) financial statements (2021 and earlier)

Company profile

Business Address 19 EAST CHOCOLATE AVENUE
HERSHEY, PA 17033
State of Incorp. DE
Fiscal Year End December 31
SIC 206 - Sugar And Confectionery Products (benchmarking)
More info Complete financial analysis Financial benchmarking

Balance sheet (Statement of financial position) ($ in millions)

12/31/2020
12/31/2019
12/31/2018
12/31/2017
12/31/2016
12/31/2015
12/31/2014
ASSETS
Current Assets
Cash, cash equivalents, and short-term investments  588380297347472
Cash and cash equivalents  588380297347375
Short-term investments      97
Receivables615569594588581599597
Inventory, net of allowances, customer advances and progress billings964815785753746751801
Inventory964815785753746751801
Prepaid expense1010148
Deferred tax assets    101
Other current assets159154180    
Other undisclosed current assets1,23957991281192148268
Total current assets:2,9782,1172,2392,0021,8171,8492,247
Noncurrent Assets
Nontrade receivables      2
Property, plant and equipment2,2852,1532,1302,1072,1772,2402,152
Intangible assets, net (including goodwill)3,2833,3273,0791,1901,3051,0641,088
Goodwill1,9881,9861,801821812684793
Intangible assets, net (excluding goodwill)1,2951,3411,278369493379295
Deferred income tax assets2931
Other noncurrent assets556512253252168155143
Defined benefit plan, assets for plan benefits  0
Deferred tax assets, net135736 
Other undisclosed noncurrent assets      (3,306)
Total noncurrent assets:6,1546,0235,4643,5523,7083,49678
Other undisclosed assets      3,305
TOTAL ASSETS:9,1328,1407,7035,5545,5245,3445,630
LIABILITIES AND EQUITY
Liabilities
Current Liabilities
Accounts payable and accrued liabilities1,3791,2731,2151,2171,2771,3541,526
Accounts payable580551502523523474482
Accrued liabilities782702679676751857814
Employee-related liabilities      225
Taxes payable172034183235
Debt5137361,203859633863636
Due to related parties      99
Other liabilities      163
Other undisclosed current liabilities      (487)
Total current liabilities:1,8922,0092,4192,0771,9092,2181,936
Noncurrent Liabilities
Long-term debt and lease obligation, including:4,0903,5313,2542,0612,3471,5571,549
Long-term debt, excluding current maturities4,0903,5313,2542,0612,3471,5571,549
Finance lease, liability7676
Operating lease, liability 184
Other undisclosed long-term debt and lease obligation(76)(260)     
Liabilities, other than long-term debt, including:912856623485440522142
Deferred tax liabilities, net17746405399
Deferred income tax liabilities229200
Liability, pension and other postretirement and postemployment benefits      384
Other liabilities683656446439400469526
Other undisclosed liabilities, other than long-term debt      (867)
Other undisclosed noncurrent liabilities      483
Total noncurrent liabilities:5,0024,3873,8772,5462,7872,0792,174
Total liabilities:6,8946,3956,2964,6224,6974,2974,110
Stockholders' equity
Stockholders' equity attributable to parent, including:2,2341,7391,3999157869981,455
Common stock      299
Treasury stock, value(769)(591)(6,619)(6,427)(6,184)(5,672)(5,161)
Additional paid in capital1,1911,142982925870784754
Accumulated other comprehensive loss(338)(324)(357)(314)(376)(371)(359)
Retained earnings1,9291,2907,0326,3716,1165,8985,861
Other undisclosed stockholders' equity attributable to parent22222236036036036061
Stockholders' equity attributable to noncontrolling interest46916424964
Total stockholders' equity:2,2381,7451,4079328281,0471,520
TOTAL LIABILITIES AND EQUITY:9,1328,1407,7035,5545,5245,3445,630

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

12/31/2020
12/31/2019
12/31/2018
12/31/2017
12/31/2016
12/31/2015
12/31/2014
Revenues8,1507,9867,7917,5157,4407,3877,422
Revenue, net7,5157,4407,3877,422
Cost of revenue(4,448)(4,364)(4,216)(4,071)(4,282)(4,099)(4,086)
Cost of goods and services sold(4,448)(4,364)(4,216)(4,071)(4,282)(4,004)(4,086)
Gross profit:3,7013,6223,5753,4453,1583,2883,336
Operating expenses(1,932)(2,018)(1,933)(2,122)(1,920)(2,250)(1,998)
Other undisclosed operating income (loss)13(8)(19)(48)(33) 618
Operating income:1,7831,5961,6241,2751,2061,0381,956
Nonoperating expense(138)(63)(67)(64)(14)(27)(503)
Other nonoperating income (expense)(138)(71)(75)(66)(16)(30)2
Interest and debt expense(153)(152)(147)(100)(92)(109)(88)
Income from continuing operations before equity method investments, income taxes:1,4911,3811,4101,1111,0999021,365
Other undisclosed income (loss) from continuing operations before income taxes4     (59)
Income from continuing operations before income taxes:1,4951,3811,4101,1111,0999021,306
Income tax expense(220)(234)(239)(354)(379)(389)(459)
Net income:1,2751,1471,171757720513847
Net income (loss) attributable to noncontrolling interest33726  (0)
Other undisclosed net income attributable to parent      0
Net income available to common stockholders, diluted:1,2791,1501,178783720513847

Comprehensive Income ($ in millions)

12/31/2020
12/31/2019
12/31/2018
12/31/2017
12/31/2016
12/31/2015
12/31/2014
Net income:1,2751,1471,171757720513847
Other comprehensive income (loss)(13)33(44)63(9)(15)(192)
Comprehensive income:1,2621,1801,127820712498655
Comprehensive income (loss), net of tax, attributable to noncontrolling interest2382642(0)
Other undisclosed comprehensive income, net of tax, attributable to parent      0
Comprehensive income, net of tax, attributable to parent:1,2651,1831,135845715500655

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.

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