HERSHEY CO
For the period ended Mar 31, 2024. Filed May 3, 2024.
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A company's report for each of its first three quarters. The financial statements are not audited. It shows how the business has moved since the last annual report, and what management says changed.
Mar 31, 2024 · Filed May 3, 2024
HSY$173.95+0.3%Stored close · as of Nov 10, 2026
Extracted filing text, with the paragraph anchors used by the comparison.
See the whole filing, with its images and exhibitsContents
Consolidated Balance Sheets as of March and December 31,
CONSOLIDATED BALANCE SHEETS
(in thousands, except share data)
| March 31, 2024 | December 31, 2023 | |
|---|---|---|
| (unaudited) | ||
| ASSETS | ||
| Current assets: | ||
| Cash and cash equivalents | $520,404 | $401,902 |
| Accounts receivable—trade, net | 1,205,724 | 823,617 |
| Inventories | 1,137,857 | 1,340,996 |
| Prepaid expenses and other | 523,392 | 345,588 |
| Total current assets | 3,387,377 | 2,912,103 |
| Property, plant and equipment, net | 3,333,096 | 3,309,678 |
| Goodwill | 2,693,921 | 2,696,050 |
| Other intangibles | 1,859,052 | 1,879,229 |
| Other non-current assets | 1,071,065 | 1,061,427 |
| Deferred income taxes | 45,243 | 44,454 |
| Total assets | $12,389,754 | $11,902,941 |
| LIABILITIES AND STOCKHOLDERS’ EQUITY | ||
| Current liabilities: | ||
| Accounts payable | $946,000 | $1,086,183 |
| Accrued liabilities | 872,475 | 867,815 |
| Accrued income taxes | 75,482 | 29,457 |
| Short-term debt | 1,289,648 | 719,839 |
| Current portion of long-term debt | 305,425 | 305,058 |
| Total current liabilities | 3,489,030 | 3,008,352 |
| Long-term debt | 3,790,013 | 3,789,132 |
| Other long-term liabilities | 663,648 | 660,673 |
| Deferred income taxes | 338,776 | 345,698 |
| Total liabilities | 8,281,467 | 7,803,855 |
| Stockholders’ equity: | ||
| The Hershey Company stockholders’ equity | ||
| Preferred stock, shares issued: none in 2024 and 2023 | — | — |
| Common stock, shares issued: 166,939,511 at March 31, 2024 and December 31, 2023 | 166,939 | 166,939 |
| Class B common stock, shares issued: 54,613,514 at March 31, 2024 and December 31, 2023 | 54,614 | 54,614 |
| Additional paid-in capital | 1,315,813 | 1,345,580 |
| Retained earnings | 5,087,126 | 4,562,263 |
| Treasury—common stock shares, at cost: 19,332,210 at March 31, 2024 and 17,160,099 at December 31, 2023 | (2,285,370) | (1,800,232) |
| Accumulated other comprehensive loss | (230,835) | (230,078) |
| Total stockholders’ equity | 4,108,287 | 4,099,086 |
| Total liabilities and stockholders’ equity | $12,389,754 | $11,902,941 |
| Table of Contents | The Hershey Company | Q1 2024 Form 10-Q | Page 4 |
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The text of this filing, as the company filed it with the SEC, without its images or exhibits. This is not investment advice.