The Hershey Company (HSY) financial statements (2022 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)

12/31/2021
12/31/2020
12/31/2019
12/31/2018
12/31/2017
12/31/2016
12/31/2015
ASSETS
Current Assets
Cash, cash equivalents, and short-term investments   588380297347
Cash and cash equivalents   588380297347
Receivables671615569594588581599
Inventory, net of allowances, customer advances and progress billings989964815785753746751
Inventory989964815785753746751
Prepaid expense 101014
Other current assets128159154180   
Other undisclosed current assets4591,23957991281192148
Total current assets:2,2462,9782,1172,2392,0021,8171,849
Noncurrent Assets
Property, plant and equipment5,4012,2852,1532,1302,1072,1772,240
Intangible assets, net (including goodwill)4,6713,2833,3273,0791,1901,3051,064
Goodwill2,6331,9881,9861,801821812684
Intangible assets, net (excluding goodwill)2,0381,2951,3411,278369493379
Deferred income tax assets412931
Other noncurrent assets868556512253252168155
Deferred tax assets, net135736
Other undisclosed noncurrent assets(2,815)      
Total noncurrent assets:8,1666,1546,0235,4643,5523,7083,496
TOTAL ASSETS:10,4129,1328,1407,7035,5545,5245,344
LIABILITIES AND EQUITY
Liabilities
Current Liabilities
Accounts payable and accrued liabilities1,5511,3791,2731,2151,2171,2771,354
Accounts payable692580551502523523474
Accrued liabilities856782702679676751857
Taxes payable317203418323
Debt9425137361,203859633863
Total current liabilities:2,4931,8922,0092,4192,0771,9092,218
Noncurrent Liabilities
Long-term debt and lease obligation, including:4,0874,0903,5313,2542,0612,3471,557
Long-term debt, excluding current maturities 4,0903,5313,2542,0612,3471,557
Finance lease, liability667676
Operating lease, liability  184
Other undisclosed long-term debt and lease obligation4,021(76)(260)    
Liabilities, other than long-term debt1,075912856623485440522
Deferred tax liabilities, net177464053
Deferred income tax liabilities288229200
Other liabilities787683656446439400469
Total noncurrent liabilities:5,1625,0024,3873,8772,5462,7872,079
Total liabilities:7,6556,8946,3956,2964,6224,6974,297
Stockholders' equity
Stockholders' equity attributable to parent, including:2,7572,2341,7391,399915786998
Treasury stock, value(1,195)(769)(591)(6,619)(6,427)(6,184)(5,672)
Additional paid in capital1,2601,1911,142982925870784
Accumulated other comprehensive loss(249)(338)(324)(357)(314)(376)(371)
Retained earnings2,7201,9291,2907,0326,3716,1165,898
Other undisclosed stockholders' equity attributable to parent222222222360360360360
Stockholders' equity attributable to noncontrolling interest 469164249
Total stockholders' equity:2,7572,2381,7451,4079328281,047
TOTAL LIABILITIES AND EQUITY:10,4129,1328,1407,7035,5545,5245,344

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

12/31/2021
12/31/2020
12/31/2019
12/31/2018
12/31/2017
12/31/2016
12/31/2015
Revenues8,9718,1507,9867,7917,5157,4407,387
Revenue, net7,5157,4407,387
Cost of revenue(4,923)(4,448)(4,364)(4,216)(4,071)(4,282)(4,099)
Cost of goods and services sold(4,923)(4,448)(4,364)(4,216)(4,071)(4,282)(4,004)
Gross profit:4,0493,7013,6223,5753,4453,1583,288
Operating expenses(2,001)(1,932)(2,018)(1,933)(2,122)(1,920)(2,250)
Other undisclosed operating income (loss)(4)13(8)(19)(48)(33) 
Operating income:2,0441,7831,5961,6241,2751,2061,038
Nonoperating expense(119)(138)(63)(67)(64)(14)(27)
Other nonoperating expense(119)(138)(71)(75)(66)(16)(30)
Interest and debt expense(130)(153)(152)(147)(100)(92)(109)
Income from continuing operations before equity method investments, income taxes:1,7951,4911,3811,4101,1111,099902
Other undisclosed income from continuing operations before income taxes24     
Income from continuing operations before income taxes:1,7971,4951,3811,4101,1111,099902
Income tax expense(314)(220)(234)(239)(354)(379)(389)
Net income:1,4831,2751,1471,171757720513
Net income (loss) attributable to noncontrolling interest(5)33726  
Net income available to common stockholders, diluted:1,4781,2791,1501,178783720513

Comprehensive Income ($ in millions)

12/31/2021
12/31/2020
12/31/2019
12/31/2018
12/31/2017
12/31/2016
12/31/2015
Net income:1,4831,2751,1471,171757720513
Other comprehensive income (loss)94(13)33(44)63(9)(15)
Comprehensive income:1,5771,2621,1801,127820712498
Comprehensive income (loss), net of tax, attributable to noncontrolling interest(11)2382642
Comprehensive income, net of tax, attributable to parent:1,5661,2651,1831,135845715500

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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