Tootsie Roll Industries, Inc. (TR) Financial Statements (2024 and earlier)

Company Profile

Business Address 7401 S CICERO AVE
CHICAGO, IL 60629
State of Incorp. VA
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 thousands)

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 investments149,398145,808208,931239,404186,039137,920
Cash and cash equivalents53,270105,840166,841138,960110,89996,314
Short-term investments96,12839,96842,090100,44475,14041,606
Restricted cash and investments365386415380388406
Receivables58,55654,92141,20945,04449,77760,328
Inventory, net of allowances, customer advances and progress billings (34,898)(21,348)(19,339)(19,174)(17,062)(18,825)
Inventory (34,898)(21,348)(19,339)(19,174)(17,062)(18,825)
Prepaid expense12,1447,7616,8445,99610,37712,014
Other undisclosed current assets123,46380,77382,81281,68074,52779,077
Total current assets:309,028268,301320,872353,330304,046270,920
Noncurrent Assets
Property, plant and equipment212,043208,906187,328188,455186,101178,972
Long-term investments and receivables247,528291,175220,020153,031170,409190,510
Long-term investments247,528291,175220,020153,031170,409190,510
Intangible assets, net (including goodwill)248,261248,261248,261248,261248,261248,261
Goodwill73,23773,23773,23773,23773,23773,237
Intangible assets, net (excluding goodwill)175,024175,024175,024175,024175,024175,024
Deferred income tax assets1,4541,3721,038689
Other undisclosed noncurrent assets4656037,03934,09838,54442,283
Total noncurrent assets:709,751750,317663,686624,534643,315660,026
TOTAL ASSETS:1,018,7791,018,618984,558977,864947,361930,946
LIABILITIES AND EQUITY
Liabilities
Current Liabilities
Accounts payable and accrued liabilities79,69077,34167,86560,19260,43862,745
Interest and dividends payable6,0425,9485,8615,7725,660
Taxes payable2,4343,793   
Accounts payable25,24614,96913,02512,72011,81711,928
Accrued liabilities54,44453,89645,09941,61142,84945,157
Debt1,0519398321,809373440
Deferred compensation liability    16,945  
Other undisclosed current liabilities9,3931,6881,324598580603
Total current liabilities:90,13479,96870,02179,54461,39163,788
Noncurrent Liabilities
Long-term debt and lease obligation7,50013,8477,5788,0187,5007,500
Long-term debt, excluding current maturities7,5007,5007,5007,5007,5007,500
Liabilities, other than long-term debt62,00761,49564,19464,68015,68717,711
Deferred income tax liabilities45,00545,46147,90047,295
Liability for uncertainty in income taxes3,7473,4153,3514,2403,8164,817
Liability, pension and other postretirement and postemployment benefits9,30312,61912,94313,14511,87112,894
Operating lease, liability3,9526,34778518
Other undisclosed noncurrent liabilities76,25694,51179,66565,973112,286108,143
Total noncurrent liabilities:145,763169,853151,437138,671135,473133,354
Total liabilities:235,897249,821221,458218,215196,864197,142
Equity
Equity, attributable to parent, including:783,171769,042763,327759,854750,622733,840
Treasury stock, value(1,992)(1,992)(1,992)(1,992)(1,992)(1,992)
Additional paid in capital719,606709,880706,930696,059696,535656,752
Accumulated other comprehensive loss(30,169)(25,013)(19,815)(20,245)(22,222)(21,791)
Retained earnings48,27639,54532,31240,80933,76757,225
Other undisclosed equity, attributable to parent47,45046,62245,89245,22344,53443,646
Equity, attributable to noncontrolling interest(289)(245)(227)(205)(125)(36)
Total equity:782,882768,797763,100759,649750,497733,804
TOTAL LIABILITIES AND EQUITY:1,018,7791,018,618984,558977,864947,361930,946

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

9/30/2023
TTM
12/31/2022
12/31/2021
12/31/2020
12/31/2019
12/31/2018
12/31/2017
Revenues686,970570,776471,063527,113518,920519,289
Revenue, net519,289
Cost of revenue
(Cost of Goods and Services Sold)
(454,239)(371,535)(300,702)(330,097)(330,747)(326,896)
Gross profit:232,731199,241170,361197,016188,173192,393
Operating expenses(121,976)(132,108)(112,117)(127,802)(117,691)(120,977)
Operating income:110,75567,13358,24469,21470,48271,416
Nonoperating income (expense)(12,614)18,59618,01816,1902,72413,145
Investment income, nonoperating2,7622,4543,9994,4453,5242,876
Gain (loss), foreign currency transaction, before tax 1,307667534(533)(659)259
Other nonoperating income 6841,3141,1301,2061,143177
Interest and debt expense (104)(46)(164)(220)(181)(144)
Other undisclosed loss from continuing operations before equity method investments, income taxes      
Income from continuing operations before equity method investments, income taxes:98,03785,68376,09885,18473,02584,417
Other undisclosed income from continuing operations before income taxes10446164220181144
Income from continuing operations before income taxes:98,14185,72976,26285,40473,20684,561
Income tax expense(22,249)(20,421)(17,288)(20,565)(16,401)(3,907)
Income from continuing operations:75,89265,30858,97464,83956,80580,654
Income before gain (loss) on sale of properties:65,30858,97464,83956,80580,654
Net income:75,89265,30858,97464,83956,80580,654
Net income attributable to noncontrolling interest4518218188210
Net income available to common stockholders, diluted:75,93765,32658,99564,92056,89380,864

Comprehensive Income ($ in thousands)

9/30/2023
TTM
12/31/2022
12/31/2021
12/31/2020
12/31/2019
12/31/2018
12/31/2017
Net income:75,89265,30858,97464,83956,80580,654
Other comprehensive income (loss)(5,156)(5,198)4301,977(1,024)(1,545)
Comprehensive income:70,73660,11059,40466,81655,78179,109
Comprehensive income, net of tax, attributable to noncontrolling interest4518218188210
Comprehensive income, net of tax, attributable to parent:70,78160,12859,42566,89755,86979,319

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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