HERSHEY CO HSY Cash Flow

Hershey co (HSY)

CashFlow / Yearly

Dec'19	Dec'18	Dec'17	Dec'16	Dec'15	Dec'14	Dec'13	Dec'12	Dec'11	Dec'10	Dec'09	Dec'08	Dec'07
Operating Activities
Net income including noncontrolling interest
1,146,752	1,171,051	756,537	720,044	512,951	846,912	820,470	660,931	628,962	509,799	435,994	311,405	214,154
Adjustments to reconcile net income to net cash provided by operating activities:
Depreciation and amortization
291,544	295,144	261,853	301,837	244,928	211,532	201,033	210,037	215,763	197,116	182,411	249,491	310,925
Stock-based compensation expense
51,899	49,286	51,061	54,785	51,533	54,068	53,967	50,482	43,468	49,468	34,927	23,583	18,987
Excess tax benefits from stock-based compensation
-	-	-	-	-	53,497	48,396	33,876	-13,997	-1,385	4,455	-1,387	-9,461
Deferred income taxes
-15,072	36,255	18,582	-38,097	-38,537	18,796	7,457	13,785	33,611	-18,654	-40,578	-17,125	-124,276
Impairment of long-lived assets (see Note 6)
112,485	57,729	208,712	4,204	280,802	15,900	0	38,144	34,660	62,104	60,823	119,117	267,653
Equity Method Investment, Other than Temporary Impairment
50,457	50,329	66,209	43,482	39,489	0	0	-	-	-	-	-	-
Loss on early extinguishment of debt (see Note 4)
-	-	-	-	-28,326	0	0	-	-	-	-	-	-
Business Combination, Bargain Purchase, Gain Recognized, Amount
-	-	-	26,650	0	0	-	-	-	-	-	-	-
Other
57,426	37,278	77,291	51,375	28,467	-11,027	-	-	-	-	-	-	-
Gain on sale of trademark licensing rights, net of tax
-	-	-	-	-	-	-	-	-11,072	0	0	-	-
Changes in assets and liabilities, net of business acquisitions and divestitures:
Accounts receivable—trade, net
-40,252	-8,585	6,881	-21,096	24,440	67,464	16,529	50,470	-9,438	20,329	-46,584	31,675	40,467
Inventories
21,194	12,746	71,404	-13,965	-52,049	88,497	26,279	-26,598	-115,331	-13,910	-74,000	7,681	45,348
Prepaid expenses and other current assets
-13,593	39,899	-18,214	42,955	-118,007	7,245	-	-	-	-	-	-	-
Accounts payable and accrued liabilities
41,101	-100,252	-52,960	-63,467	9,574	-59,102	102,411	69,645	7,860	90,434	37,228	26,435	62,204
Accrued income taxes
-9,544	75,568	-71,027	-937	36,848	-	-	-	-	-	-	-	-
Contributions to pension and other benefit plans
20,134	25,864	56,433	41,697	53,273	53,110	57,213	44,208	-31,671	-27,723	54,457	-32,759	-15,836
Other assets and liabilities
-24,308	2,471	-49,761	-16,443	30,413	-37,111	-154,478	-153,759	-194,948	33,845	-293,272	-198,555	-31,329
Net cash provided by operating activities
1,763,873	1,599,993	1,249,515	1,013,428	1,256,311	844,377	1,191,399	1,094,827	587,867	901,423	1,065,749	519,561	778,836
Investing Activities
Capital additions (including software)
318,192	328,601	257,675	269,476	356,810	370,789	323,551	258,727	323,961	179,538	126,324	262,643	189,698
Capitalized software additions
-	-	-	-	-	-	27,360	19,239	23,606	21,949	19,146	20,336	14,194
Proceeds from sales of property, plant and equipment and other long-lived assets
28,131	49,759	7,609	3,651	1,205	1,612	15,331	453	312	2,201	10,364	82,815	0
Proceeds from Divestiture of Businesses
0	167,048	0	0	32,408	0	0	-	-	-	-	-	-
Proceeds from sale of trademark licensing rights
-	-	-	-	-	-	-	-	20,000	0	0	-	-
Loan to affiliate
-	-	-	-	-	-	16,000	23,000	7,000	0	-	-	-
Equity investments in tax credit qualifying partnerships
80,230	52,641	78,598	44,255	30,720	0	0	-	-	-	-	-	-
Business acquisitions, net of cash and cash equivalents acquired
402,160	1,338,459	0	285,374	218,654	396,265	0	172,856	5,750	0	15,220	0	100,461
Other investing activities
8,029	0	0	-	-	-	-	-	-	-	-	-	-
Sale of short-term investments
-	-	-	-	-95,316	97,131	0	-	-	-	-	-	-
Payments to Acquire Short-term Investments
-	-	-	-	-	-	-	0	-	-	-	-	-
Proceeds from divestitures
-	-	-	-	-	-	-	-	-	-	-	1,960	0
Net cash used in investing activities
-780,480	-1,502,894	-328,664	-595,454	-477,255	-862,573	-351,580	-473,369	-340,005	-199,286	-150,326	-198,204	-304,353
Financing Activities
Net increase (decrease) in short-term debt
-1,168,205	645,805	-81,426	275,607	10,720	117,515	54,351	77,698	10,834	1,156	-458,047	-371,393	195,055
Long-term borrowings, net of debt issuance costs
989,618	1,199,845	954	792,953	599,031	3,051	250,595	4,025	249,126	348,208	0	247,845	0
Repayment of long-term debt and finance leases
6,151	910,844	0	500,000	355,446	1,442	250,761	99,381	256,189	71,548	8,252	-4,977	-188,891
Repayment of tax receivable obligation
0	72,000	0	0	-	-	-	-	-	-	-	-	-
Payment of SGM liability (see Note 2)
-	-	-	35,762	0	0	-	-	-	-	-	-	-
Cash dividends paid
610,312	562,521	526,272	499,475	476,132	440,414	393,801	341,206	304,083	283,434	263,403	262,949	252,263
Payments to noncontrolling interests
-	-	-	-	-	-	-	15,791	0	0	7,322	0	0
Contributions from noncontrolling interest
-	-	-	-	-	-	2,940	2,940	0	10,199	-	-	-
Payment of contingent consideration
-	-	-	-	-	-	0	-	-	-	-	-	-
Purchase of noncontrolling interest
-	-	-	-	-	-	0	-	-	-	-	-	-
Repurchase of common stock
527,211	247,500	300,312	592,550	582,623	576,755	305,564	510,630	384,515	169,099	9,314	60,361	256,285
Exercise of stock options
240,806	63,323	63,288	94,831	55,703	122,306	147,255	261,597	184,411	92,033	28,318	36,996	50,497
Excess tax benefits from stock-based compensation
-	-	-	-	-	53,497	48,396	33,876	13,997	1,385	4,455	1,387	9,461
Other
-	-	-	-	-48,270	2,940	-	-	47,601	0	0	-	-
Net cash provided by (used in) financing activities
-1,081,455	116,108	-843,768	-464,396	-797,017	-719,302	-446,589	-586,872	-438,818	-71,100	-698,921	-413,452	-442,426
Effect of exchange rate changes on cash and cash equivalents
3,326	-5,388	6,129	-3,140	-10,364	-6,156	-2,994	-	-	-	-	-	-
Decrease (increase) in cash and cash equivalents
-94,736	207,819	83,212	-49,562	-28,325	-743,654	390,236	34,586	-190,956	631,037	216,502	-92,095	32,057
Supplemental Disclosure
Interest paid
139,504	132,486	101,874	90,951	88,448	87,801	92,551	100,269	97,892	97,932	91,623	97,364	126,450
Income taxes paid
238,067	118,842	351,832	425,539	368,926	384,318	373,902	327,230	292,315	350,948	252,230	197,661	253,977