Tootsie Roll Industries, Inc. (TR) financial statements (2021 and earlier)

Company profile

Business Address 7401 S CICERO AVE
CHICAGO, IL 60629
State of Incorp. VA
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 investments209239186138187168140
Cash and cash equivalents16713911196119126100
Short-term investments421007542684239
Restricted cash and investments00000  
Receivables41455060435143
Inventory, net of allowances, customer advances and progress billings(19)(19)(17)(19)(18)(17)(18)
Inventory(19)(19)(17)(19)(18)(17)(18)
Prepaid expense761012766
Deferred tax assets  1  
Other undisclosed current assets83827579788594
Total current assets:321353304271299294265
Noncurrent Assets
Property, plant and equipment187188186179181185190
Long-term investments and receivables220153170191165153164
Long-term investments220153170191165153164
Intangible assets, net (including goodwill)248248248248248248248
Goodwill73737373737373
Intangible assets, net (excluding goodwill)175175175175175175175
Prepaid expense     37
Deferred income tax assets11
Deferred tax assets, net  0  
Other undisclosed noncurrent assets7343942272637
Total noncurrent assets:664625643660621615646
TOTAL ASSETS:985978947931920909910
LIABILITIES AND EQUITY
Liabilities
Current Liabilities
Accounts payable and accrued liabilities68606063627184
Accounts payable13131212101112
Accrued liabilities45424345465046
Employee-related liabilities      17
Taxes payable4    44
Interest and dividends payable6666655
Debt1200000
Deferred compensation liability 17     
Deferred tax liabilities  10 
Other undisclosed current liabilities111110(20)
Total current liabilities:70806164647264
Noncurrent Liabilities
Long-term debt and lease obligation8888888
Long-term debt, excluding current maturities8888888
Operating lease, liability01
Liabilities, other than long-term debt64651618636468
Deferred tax liabilities, net  464847
Deferred income tax liabilities4847
Liability for uncertainty in income taxes3445559
Liability, pension and other postretirement and postemployment benefits13131213121112
Other undisclosed noncurrent liabilities8066112108746779
Total noncurrent liabilities:151139135133145138155
Total liabilities:221218197197209210219
Stockholders' equity
Stockholders' equity attributable to parent, including:763760751734711698691
Treasury stock, value(2)(2)(2)(2)(2)(2)(2)
Additional paid in capital707696697657647623599
Accumulated other comprehensive loss(20)(20)(22)(22)(20)(17)(13)
Retained earnings32413457445265
Other undisclosed stockholders' equity attributable to parent46454544434242
Stockholders' equity attributable to noncontrolling interest(0)(0)(0)(0)000
Total stockholders' equity:763760750734712699691
TOTAL LIABILITIES AND EQUITY:985978947931920909910

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
Revenues471527519519521540544
Revenue, net519521540544
Cost of revenue
(Cost of Goods and Services Sold)
(301)(330)(331)(327)(321)(341)(342)
Gross profit:170197188192200199202
Operating expenses(112)(128)(118)(121)(107)(108)(118)
Operating income:58697071929184
Nonoperating income1816313517
Investment income, nonoperating444321(2)
Foreign currency transaction gain (loss), before tax1(1)(1)0(1)(1)(1)
Other nonoperating income1110000
Interest and debt expense(0)(0)(0)(0)(0)(0)(0)
Other undisclosed income from continuing operations before equity method investments, income taxes     00
Income from continuing operations before equity method investments, income taxes:76857384989391
Other undisclosed income from continuing operations before income taxes00000  
Income from continuing operations before income taxes:76857385989391
Income tax expense(17)(21)(16)(4)(31)(26)(28)
Net income:59655781676663
Net income attributable to noncontrolling interest0000000
Net income attributable to parent:59655781686663
Other undisclosed net loss available to common stockholders, basic     (0) 
Net income available to common stockholders, diluted:59655781686663

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:59655781676663
Other comprehensive income (loss)02(1)(2)(3)(4)(8)
Comprehensive income:59675679646254
Comprehensive income, net of tax, attributable to noncontrolling interest0000000
Comprehensive income, net of tax, attributable to parent:59675679656255

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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