← HERSHEY CO
| Annual Trend | FY 2016 | FY 2017 | FY 2018 | FY 2019 | FY 2020 | FY 2021 | FY 2022 | FY 2023 | FY 2024 | FY 2025 | |
|---|---|---|---|---|---|---|---|---|---|---|---|
| Cash flows from operating activities: | |||||||||||
| Adjustments to reconcile net income to net cash provided by operating activities: | |||||||||||
| Net Income (Loss) Attributable to Parent | $720.0m | $783.0m | $1.2b | $1.1b | $1.3b | $1.5b | $1.6b | $1.9b | $2.2b | $883.3m | |
| Net Income (Loss), Including Portion Attributable to Noncontrolling Interest | — | $756.5m | $1.2b | $1.1b | $1.3b | $1.5b | $1.6b | $1.9b | — | — | |
| Net Income (Loss) Attributable to Noncontrolling Interest | ($4.0m) | ($26.4m) | ($6.5m) | ($2.9m) | ($3.3m) | $5.3m | $0 | $0 | — | — | |
| Depreciation, Depletion and Amortization | $301.8m | $261.9m | $295.1m | $291.5m | $294.9m | $315.0m | $379.0m | $419.8m | $455.3m | $503.7m | |
| Amortization | $231.7m | — | — | — | — | — | — | — | — | — | |
| Amortization of Intangible Assets | $26.7m | $23.4m | $38.6m | $46.7m | $46.5m | $52.1m | $79.7m | $88.8m | $84.6m | $85.4m | |
| Depreciation | $301.8m | $211.6m | $231.0m | $218.1m | $219.0m | $230.6m | $253.6m | $265.6m | $292.2m | $328.5m | |
| Deferred Income Tax Expense (Benefit) | ($38.1m) | $18.6m | $36.3m | ($15.1m) | $26.9m | $13.4m | $36.9m | $16.2m | $73.2m | $122.3m | |
| Share-based Payment Arrangement, Noncash Expense | $54.8m | $51.1m | $49.3m | $51.9m | $57.6m | $66.7m | $66.0m | $81.0m | $44.4m | $65.5m | |
| Payment, Tax Withholding, Share-based Payment Arrangement | — | — | — | — | $20.8m | $16.6m | $35.5m | $35.0m | $32.8m | $18.8m | |
| Share-based Payment Arrangement, Expense | $54.8m | $51.1m | $49.3m | $51.9m | $57.6m | $66.7m | $66.0m | $81.0m | $44.4m | $65.5m | |
| Equity Method Investment, Other than Temporary Impairment | $43.5m | $66.2m | $50.3m | $50.5m | $125.6m | $113.8m | $188.3m | $210.5m | $243.3m | $24.5m | |
| Goodwill and Intangible Asset Impairment | $4.2m | — | — | — | — | — | — | — | — | — | |
| Goodwill, Impairment Loss | — | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $6.4m | |
| Impairment of Intangible Assets (Excluding Goodwill) | $4.2m | — | — | — | — | — | — | — | — | — | |
| Restructuring Costs and Asset Impairment Charges | $4.2m | $208.7m | $57.7m | $112.5m | $9.1m | $0 | $0 | — | — | — | |
| Gain (Loss) on Extinguishment of Debt | $0 | $0 | — | — | — | — | — | — | — | — | |
| Income Tax Expense (Benefit) | $379.4m | $354.1m | $239.0m | $234.0m | $219.6m | $314.4m | $272.3m | $310.1m | $252.7m | $330.9m | |
| Other Nonoperating Income (Expense) | ($16.2m) | ($104.5m) | ($74.8m) | ($71.0m) | ($138.3m) | ($119.1m) | ($206.2m) | ($237.2m) | ($258.6m) | ($37.1m) | |
| Changes in operating assets and liabilities: | |||||||||||
| Additional Financial Items | |||||||||||
| Increase (Decrease) in Accounts Receivable | ($21.1m) | $6.9m | ($8.6m) | ($40.3m) | $55.5m | $14.6m | $38.2m | $102.1m | ($4.5m) | ($99.0m) | |
| Increase (Decrease) in Inventories | ($14.0m) | $71.4m | $12.7m | $21.2m | $151.9m | ($21.5m) | $187.0m | $157.2m | ($68.8m) | $133.3m | |
| Proceeds from Stock Options Exercised | $102.7m | $63.3m | $63.3m | $240.8m | $25.5m | $33.2m | $34.2m | $26.0m | $14.7m | $21.3m | |
| Goodwill | $812.3m | $821.1m | $1.8b | $2.0b | $2.0b | $2.6b | $2.6b | $2.7b | $2.7b | $3.0b | |
| Investment Income, Interest | $1.8m | $1.8m | $8.0m | $8.0m | $4.1m | $2.4m | $2.5m | $9.7m | $8.7m | $34.6m | |
| Other Comprehensive Income (Loss), Reclassification Adjustment from AOCI on Derivatives, Net of Tax | $9.0m | ($10.6m) | ($2.9m) | — | — | — | — | — | — | — | |
| Net Cash Provided by (Used in) Operating Activities | $983.5m | $1.2b | $1.6b | $1.8b | $1.7b | $2.1b | $2.3b | $2.3b | $2.5b | $2.3b | |
| Cash flows from investing activities: | |||||||||||
| Payments to Acquire Property, Plant, and Equipment | $269.5m | $257.7m | $328.6m | $318.2m | $441.6m | $495.9m | $519.5m | $771.1m | $605.9m | $454.6m | |
| Payments to Acquire Businesses, Net of Cash Acquired | $285.4m | $0 | $1.3b | $402.2m | $0 | $1.6b | $0 | $165.8m | $75.5m | $756.1m | |
| Payments for (Proceeds from) Other Investing Activities | — | — | — | $8.0m | $3.5m | ($2.5m) | ($7.6m) | $4.9m | ($6.6m) | $6.2m | |
| Net Cash Provided by (Used in) Investing Activities | ($595.5m) | ($328.7m) | ($1.5b) | ($780.5m) | ($531.3m) | ($2.2b) | ($787.4m) | ($1.2b) | ($960.3m) | ($1.3b) | |
| Cash flows from financing activities: | |||||||||||
| Proceeds from Issuance of Long-term Debt | $793.0m | $954k | $1.2b | $989.6m | $989.9m | $0 | $0 | $744.1m | $0 | $2.0b | |
| Repayments of Long-term Debt | $500.0m | $0 | $910.8m | $6.2m | $704.5m | $439.4m | $4.7m | $755.4m | $306.4m | $606.4m | |
| Payments for Repurchase of Common Stock | $592.5m | $300.3m | $247.5m | $527.2m | $211.2m | $457.9m | $389.0m | $264.9m | $494.2m | $0 | |
| Payments of Ordinary Dividends, Common Stock | $499.5m | $526.3m | $562.5m | $610.3m | $640.7m | $686.0m | $775.0m | $889.1m | $1.1b | $1.1b | |
| Payments of Dividends | $499.5m | $526.3m | $562.5m | $610.3m | $640.7m | $686.0m | $775.0m | $889.1m | $1.1b | $1.1b | |
| Proceeds from (Payments for) Other Financing Activities | $0 | $0 | — | — | — | — | — | — | — | — | |
| Net Cash Provided by (Used in) Financing Activities | ($434.4m) | ($843.8m) | $116.1m | ($1.1b) | ($499.2m) | ($681.1m) | ($1.4b) | ($1.1b) | ($1.3b) | ($803.4m) | |
| Effect of Exchange Rate on Cash, Cash Equivalents, Restricted Cash and Restricted Cash Equivalents | ($3.1m) | $6.1m | ($5.4m) | $3.3m | ($7.0m) | ($5.1m) | $9.9m | ($38.2m) | $54.1m | ($180k) | |
| Cash, Cash Equivalents, Restricted Cash and Restricted Cash Equivalents, Period Increase (Decrease), Including Exchange Rate Effect | ($3.1m) | $6.1m | ($5.4m) | $3.3m | $650.7m | ($814.7m) | $134.6m | ($62.0m) | $328.8m | $195.1m | |
| Cash, Cash Equivalents, Restricted Cash and Restricted Cash Equivalents | — | — | — | $493.3m | $1.1b | $329.3m | $463.9m | $401.9m | $730.7m | $925.9m | |
| Supplemental disclosure of cash flow information: | |||||||||||
| Interest Paid, Excluding Capitalized Interest, Operating Activities | $91.0m | $101.9m | $132.5m | $139.5m | $150.9m | $127.7m | $131.8m | $160.7m | $179.8m | $195.9m | |
| Income Taxes Paid, Net | $425.5m | $351.8m | $118.8m | $238.1m | $215.5m | $275.2m | $221.3m | $303.9m | $201.8m | $140.6m |
Values abbreviated: b = billions, m = millions, k = thousands. Per share data in USD.