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)

12/31/2019
12/31/2018
12/31/2017
12/31/2016
12/31/2015
12/31/2014
12/31/2013
ASSETS
Current Assets
Cash, cash equivalents, and short-term investments239186138187168140122
Cash and cash equivalents1391119611912610088
Short-term investments100754268423934
Restricted cash and investments0000   
Receivables45506043514341
Inventory, net of allowances, customer advances and progress billings(19)(17)(19)(18)(17)(18)4
Inventory(19)(17)(19)(18)(17)(18)4
Prepaid expense610127666
Deferred tax assets  1   
Other undisclosed current assets82757978859468
Total current assets:353304271299294265240
Noncurrent Assets
Property, plant and equipment188186179181185190197
Long-term investments and receivables153170191165153164149
Long-term investments153170191165153164149
Intangible assets, net (including goodwill)24824824824824824873
Goodwill73737373737373
Intangible assets, net (excluding goodwill)175175175175175175 
Prepaid expense    3710
Deferred income tax assets1
Deferred tax assets, net  0   
Other undisclosed noncurrent assets343942272637219
Total noncurrent assets:625643660621615646648
TOTAL ASSETS:978947931920909910888
LIABILITIES AND EQUITY
Liabilities
Current Liabilities
Accounts payable and accrued liabilities60606362718458
Accounts payable1312121011129
Accrued liabilities42434546504646
Employee-related liabilities     17 
Taxes payable    443
Interest and dividends payable666655 
Debt200000 
Deferred compensation liability17      
Deferred tax liabilities  10  
Other undisclosed current liabilities11110(20)2
Total current liabilities:80616464726460
Noncurrent Liabilities
Long-term debt and lease obligation888888 
Long-term debt, excluding current maturities888888 
Operating lease, liability1
Liabilities, other than long-term debt65161863646871
Pension and other postretirement defined benefit plans, liabilities9
Deferred tax liabilities, net  46484755
Deferred income tax liabilities47
Liability for uncertainty in income taxes4455597
Liability, pension and other postretirement and postemployment benefits131213121112
Other undisclosed noncurrent liabilities6611210874677977
Total noncurrent liabilities:139135133145138155148
Total liabilities:218197197209210219208
Stockholders' equity
Stockholders' equity attributable to parent, including:760751734711698691680
Treasury stock, value(2)(2)(2)(2)(2)(2)(2)
Additional paid in capital696697657647623599573
Accumulated other comprehensive loss(20)(22)(22)(20)(17)(13)(5)
Retained earnings41345744526573
Other undisclosed stockholders' equity attributable to parent45454443424241
Stockholders' equity attributable to noncontrolling interest(0)(0)(0)000 
Total stockholders' equity:760750734712699691680
TOTAL LIABILITIES AND EQUITY:978947931920909910888

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

12/31/2019
12/31/2018
12/31/2017
12/31/2016
12/31/2015
12/31/2014
12/31/2013
Revenues527519519521540544543
Revenue, net519521540544543
Cost of revenue
(Cost of Goods and Services Sold)
(330)(331)(327)(321)(341)(342)(352)
Gross profit:197188192200199202191
Operating expenses(128)(118)(121)(107)(108)(118)(119)
Operating income:69707192918472
Nonoperating income1631351712
Investment income, nonoperating44321(2)1
Foreign currency transaction gain (loss), before tax(1)(1)0(1)(1)(1)(1)
Other nonoperating income1100000
Interest and debt expense(0)(0)(0)(0)(0)(0)(0)
Other undisclosed income from continuing operations before equity method investments, income taxes    000
Income from continuing operations before equity method investments, income taxes:85738498939184
Loss from equity method investments      (1)
Other undisclosed income from continuing operations before income taxes0000   
Income from continuing operations before income taxes:85738598939184
Income tax expense(21)(16)(4)(31)(26)(28)(24)
Net income:65578167666360
Net income attributable to noncontrolling interest000000 
Net income attributable to parent:65578168666360
Other undisclosed net income (loss) available to common stockholders, basic    (0) 1
Net income available to common stockholders, diluted:65578168666361

Comprehensive Income ($ in millions)

12/31/2019
12/31/2018
12/31/2017
12/31/2016
12/31/2015
12/31/2014
12/31/2013
Net income:65578167666360
Other comprehensive income (loss)2(1)(2)(3)(4)(8)12
Comprehensive income:67567964625472
Comprehensive income, net of tax, attributable to noncontrolling interest000000 
Other undisclosed comprehensive income, net of tax, attributable to parent      1
Comprehensive income, net of tax, attributable to parent:67567965625573

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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