HERSHEY CO HSY Cash Flow

Hershey co (HSY)

CashFlow / Quarterly

Mar'20	Dec'19	Sep'19	Jun'19	Mar'19	Dec'18	Sep'18	Jun'18	Apr'18	Dec'17	Sep'17	Jun'17	Mar'17	Dec'16	Sep'16	Jun'16	Mar'16	Dec'15	Sep'15	Jun'15	Mar'15	Dec'14	Sep'14	Jun'14	Mar'14	Dec'13	Sep'13	Jun'13	Mar'13	Dec'12	Sep'12	Jun'12	Mar'12	Dec'11	Sep'11	Jun'11	Mar'11	Dec'10	Sep'10	Jun'10	Mar'10	Dec'09	Sep'09	Jun'09	Mar'09
Operating Activities
Net income including noncontrolling interest
268,783	204,418	325,182	313,271	303,881	331,600	265,413	223,319	350,719	181,549	274,013	202,727	98,248	116,853	227,403	145,956	229,832	213,384	154,771	-99,941	244,737	202,508	223,741	168,168	252,495	186,075	232,985	159,504	241,906	149,879	176,716	135,685	198,651	142,133	196,695	130,019	160,115	135,513	180,169	46,723	147,394	126,779	162,023	71,298	75,894
Adjustments to reconcile net income to net cash provided by operating activities:
Depreciation and amortization
70,624	72,703	74,495	72,017	72,329	69,341	74,807	76,580	74,416	67,540	62,234	67,127	64,952	59,936	85,122	96,866	59,913	62,073	64,054	60,463	58,338	58,526	52,873	50,830	49,303	50,476	51,682	50,127	48,748	47,189	53,213	54,767	54,868	58,202	54,769	51,738	51,054	51,380	52,438	45,968	47,330	43,537	44,816	47,181	46,877
Stock-based compensation expense
12,575	12,320	15,867	13,156	10,556	13,618	12,122	13,088	10,458	13,095	13,409	12,435	12,122	14,086	14,491	14,530	11,678	11,544	13,374	12,726	13,889	12,309	14,062	14,742	12,955	14,385	13,594	13,534	12,454	13,118	12,768	13,061	11,535	23,637	4,642	5,585	9,604	24,845	7,695	7,932	8,996	6,850	7,510	13,966	6,601
Excess tax benefits from stock-based compensation
-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	1,855	4,045	17,066	7,275	3,257	4,003	38,962	5,497	5,961	8,850	28,088	62,066	-4,341	-13,283	-10,566	-4,436	-16,678	3,299	3,818	-2,075	2,894	-911	-1,293	7,457	-1,933	-416	-653
Deferred income taxes
-7,003	-21,523	-2,332	7,483	1,300	34,912	263	-1,441	2,521	33,441	29,625	-29,704	-14,780	-25,394	-7,088	-2,206	-3,409	-28,152	9,659	-8,467	-11,577	28,827	-8,029	5,915	-7,917	20,464	1,542	-6,756	-7,793	1,596	10,190	2,953	-954	39,810	-1,243	-4,684	-272	-20,554	-10,564	10,628	1,836	-110,703	31,630	29,529	8,966
Long-lived asset impairment charges
-	-	-	-	-	-	-	-	-	-	-	-	-	-	0	0	0	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-
Impairment of long-lived assets (see Note 6)
7,543	107,744	0	4,741	0	-	-	-	-	0	0	0	208,712	-	-	-	-	0	30,991	244,877	4,934	2,560	13,340	0	0	-	-	-	-	6,370	16,466	6,204	9,104	21,325	8,197	-979	6,117	-10,969	2,749	70,324	0	17,573	6,485	26,667	10,098
Equity Method Investment, Other than Temporary Impairment
11,103	31,893	8,779	8,633	1,152	27,262	3,303	19,330	434	42,210	13,736	10,263	0	7,620	20,801	9,468	5,593	25,594	9,231	4,664	0	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-
Business Combination, Bargain Purchase, Gain Recognized, Amount
-	-	-	-	-	-	-	-	-	-	-	-	-	0	0	0	26,650	0	0	0	0	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-
Other
15,404	23,040	10,269	15,620	8,497	14,845	8,221	5,157	9,055	17,162	33,711	14,906	11,512	8,876	10,020	29,420	3,059	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-
Changes in assets and liabilities, net of business acquisitions and divestitures:
Accounts receivable—trade, net
153,086	-280,709	295,856	-155,390	99,991	-220,778	313,057	-110,746	9,882	-154,570	325,375	-178,322	14,398	-178,238	276,074	-63,886	-55,046	-161,716	319,538	-139,347	5,965	-149,650	273,047	-196,845	140,912	214,886	-293,452	150,305	-55,210	288,885	-295,902	149,118	-91,631	221,246	-137,569	-136,573	43,458	-175,022	106,012	90,194	-855	64,147	-295,067	58,489	125,847
Inventories
27,907	-153,320	1,440	166,664	6,410	-99,155	-35,189	135,824	11,266	-121,105	1,750	141,033	49,726	-97,186	-27,766	91,575	19,412	-54,113	-57,709	138,993	-79,220	-76,708	19,292	177,527	-31,614	159,052	17,553	-148,145	-2,181	57,704	85,913	-148,851	-21,364	10,202	-243,735	128,504	-10,302	-74,172	115,378	-130,774	75,658	-91,894	84,787	-73,238	6,345
Prepaid expenses and other current assets
3,913	-17,138	21,720	-26,915	8,740	-19,283	33,216	33,275	-7,309	-51,795	-6,581	8,930	31,232	-1,299	11,345	8,606	24,303	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-
Accounts payable and accrued liabilities
636	-67,068	141,966	-30,999	-2,798	-98,587	160,389	-15,431	-146,623	-37,580	158,624	-49,340	-124,664	63,499	13,971	-37,457	-103,480	65,464	72,655	-3,960	-124,585	-36,049	117,782	-93,009	-47,826	26,422	141,358	-58,872	-6,497	31,439	46,811	8,068	-16,673	-44,022	30,410	18,337	3,135	28,116	45,260	10,770	6,288	2,672	5,525	40,072	-11,041
Accrued income taxes
71,263	-49,415	55,370	-71,781	56,282	-50,130	71,619	-28,152	82,231	-89,876	93,487	-151,417	76,779	-2,065	39,429	-121,854	83,553	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-
Contributions to pension and other benefit plans
4,109	6,275	4,940	4,258	4,661	-841	12,626	6,630	7,449	-1,450	38,434	7,873	11,576	-869	26,022	7,705	8,839	8,086	34,523	5,357	5,307	11,664	28,801	5,954	6,691	9,063	34,901	19,363	-6,114	65,517	-8,560	-6,418	-6,331	-27,800	-6,466	1,296	1,299	-31,776	6,748	-1,378	-1,317	100,291	-43,808	-776	-1,250
Other assets and liabilities
15,820	-11,482	-8,419	-5,844	1,437	4,698	-15,903	3,810	9,866	-67,155	29,696	-3,789	-8,513	-37,461	36,424	-8,518	-6,888	102,712	-23,916	-25,768	-22,615	884	-126,129	187,832	-99,698	-312,855	149,868	-87,446	95,955	-338,449	198,475	-162,948	149,163	-109,659	-193,567	76,176	32,102	464	202,046	-65,814	-102,851	-446,396	187,399	-43,767	9,492
Net cash provided by operating activities
246,093	770,486	314,059	349,368	329,960	707,132	289,979	250,825	352,057	623,616	290,165	101,272	234,462	562,668	82,050	99,241	269,469	661,226	108,770	227,082	259,233	456,944	215,501	-31,825	203,757	567,685	274,268	56,266	293,180	488,920	291,749	38,356	275,802	330,638	-29,463	127,314	159,378	513,224	123,351	83,662	181,186	430,201	189,367	169,005	277,176
Investing Activities
Capital additions (including software)
99,217	81,593	60,329	83,456	92,814	87,387	105,295	75,786	60,133	108,752	64,236	51,390	33,297	101,251	64,116	62,670	41,439	118,917	85,540	94,572	57,781	156,530	77,750	62,988	73,521	108,294	63,522	61,143	90,592	57,739	61,500	51,001	88,487	72,755	80,160	93,560	77,486	70,969	43,566	34,400	30,603	31,859	28,192	33,301	32,972
Capitalized software additions
-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	4,954	-	5,426	6,595	5,986	14,297	6,209	3,735	3,119	6,249	4,671	5,079	3,240	9,216	5,457	4,814	4,119	6,818	5,279	4,906	4,946	6,730	4,873	3,047	4,496
Proceeds from sales of property, plant and equipment and other long-lived assets
21	27,903	74	79	75	3,107	30,529	16,011	112	5,851	893	304	561	619	1,375	-277	1,934	21	174	796	214	957	186	33	436	182	42	14,687	420	61	316	76	0	52	51	35	174	111	1,334	584	172	5,457	1,846	2,944	117
Proceeds from Divestiture of Businesses
-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	0	0	0	32,408	0	0	0	0	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-
Loan to affiliate
-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	7,000	0	7,000	9,000	7,000	0	0	0	-	-	-	-	-	-	-	-
Equity investments in tax credit qualifying partnerships
11,473	27,572	22,388	11,386	18,884	18,471	5,143	22,746	6,281	38,621	17,562	14,467	7,948	8,860	18,632	7,091	9,672	26,945	1,910	1,865	0	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-
Business acquisitions, net of cash and cash equivalents acquired
-	-	-	-	-	423,002	0	0	915,457	0	0	0	0	-	-	-	-	0	0	-298	218,952	33,818	372,482	0	-10,035	0	0	0	0	0	0	0	172,856	0	0	0	5,750	0	0	0	0	0	0	0	15,220
Net cash used in investing activities
-110,669	-82,839	-491,255	-94,763	-111,623	-530,655	92,041	-82,521	-981,759	-141,522	-80,905	-65,553	-40,684	-109,492	-81,373	-355,412	-49,177	-145,841	8,040	-90,389	-249,065	-170,206	-456,565	-166,766	-69,036	-122,409	-69,689	-66,191	-93,291	-70,927	-65,855	-63,004	-273,583	-88,919	-65,566	-98,339	-87,181	-77,676	-47,511	-38,722	-35,377	-33,132	-31,219	-33,404	-52,571
Financing Activities
Net increase (decrease) in short-term debt
807,290	-1,248,912	391,890	-282,193	-28,990	-247,560	402,265	-1,195,716	1,686,816	-254,536	186,806	132,908	-146,604	25,034	-379,548	476,258	153,863	-326,131	82,873	-34,968	288,946	-263,837	362,342	10,864	8,146	61,437	6,538	4,896	-18,520	-92,423	74,991	-13,499	108,629	-2,248	2,424	10,073	585	9,636	-13,311	-14,014	18,845	-202,760	-17,878	-112,157	-125,252
Long-term borrowings, net of debt issuance costs
0	984,502	96	3,650	1,370	-46	-30	1,199,921	0	-	-	-	-	-	-	-	-	0	597,467	620	944	1,703	1,270	0	78	-172	982	248,242	1,543	2,303	1,673	0	49	248,648	0	393	85	-	-	-	-	-	-	-	-
Repayment of long-term debt and finance leases
1,086	1,256	841	919	3,135	-7	304,311	-1,382	607,922	-204	54	56	94	250,000	250,000	0	0	4,404	350,382	332	328	367	286	396	393	339	279	250,102	41	983	96,264	621	1,513	1,433	251,584	1,676	1,496	65,802	9,568	-1,989	-1,833	14,726	-1,711	-3,202	-1,561
Repayment of tax receivable obligation
-	-	-	-	-	0	0	29,500	42,500	0	0	0	0	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-
Payment of SGM liability (see Note 2)
-	-	-	-	-	-	-	-	-	-	-	-	-	0	0	0	35,762	0	0	0	0	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-
Cash dividends paid
157,803	157,102	157,727	149,020	146,463	147,343	147,299	133,579	134,300	134,427	135,717	128,111	128,017	127,769	128,567	120,772	122,367	123,062	124,108	114,581	114,381	115,258	115,250	104,596	105,310	105,532	105,374	91,291	91,604	91,379	82,733	83,561	83,533	75,692	75,702	76,066	76,623	70,832	70,890	70,806	70,906	65,998	65,918	65,758	65,729
Payments to noncontrolling interests
-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	0	0	0	0	-	-	-	-	0	0	0	7,322
Contributions from noncontrolling interest
-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	0	0	2,940	0	1,470	0	1,470	15,868	-14,398	0	1,470	-	-	-	-	-	-	-	-	-	-	-	-
Repurchase of common stock
169,176	81,341	191,441	55,929	198,500	47,835	0	21,592	178,073	0	200,320	99,992	0	139,970	0	148,630	303,950	15,143	251,816	8,991	306,673	34,112	106,387	164,723	271,533	0	0	101,520	204,044	13,070	279,215	0	218,345	26,865	164,701	0	192,949	35,660	-3	69,290	64,152	0	0	0	9,314
Exercise of stock options
16,400	5,478	73,929	126,826	34,573	29,869	25,232	6,338	1,884	9,756	-1,294	36,985	17,841	6,738	48,946	14,520	24,627	-7,920	10,544	15,154	37,925	21,780	10,605	9,944	79,977	14,007	19,091	29,114	85,043	33,833	42,164	131,489	54,111	12,782	36,589	73,033	62,007	18,029	6,615	46,264	21,125	6,366	15,911	2,932	3,109
Excess tax benefits from stock-based compensation
-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	1,855	4,045	17,066	7,275	3,257	4,003	38,962	5,497	5,961	8,850	28,088	5,686	4,341	13,283	10,566	4,436	2,444	3,299	3,818	695	-1,514	911	1,293	1,453	1,933	416	653
Net cash provided by (used in) financing activities
495,625	-498,631	115,906	-357,585	-341,145	-412,908	-24,143	-172,746	725,905	-378,049	-150,579	-58,266	-256,874	-485,937	83,754	221,376	-283,589	-509,626	-71,837	-139,053	-76,501	-382,816	155,551	-244,904	-247,133	-25,102	-71,611	-151,811	-198,065	-155,956	-349,441	47,091	-128,566	159,628	-402,929	9,056	-204,573	204,147	-79,963	-99,656	-95,628	-262,717	-67,663	-177,769	-190,772
Effect of exchange rate changes on cash and cash equivalents
-18,671	1,610	-2,037	2,978	775	642	-1,442	-4,640	52	1,078	2,313	1,578	1,160	-3,605	-1,283	-978	2,726	-3,143	-3,719	-671	-2,831	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-
Increase (decrease) in cash and cash equivalents, including cash classified as held for sale
612,378	-	-	-	-122,033	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-
Less: Increase in cash and cash equivalents classified as held for sale (see Note 8)
-10,844	-	-	-	0	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-
Decrease (increase) in cash and cash equivalents
601,534	190,626	-63,327	-100,002	-122,033	-235,789	356,435	-9,082	96,255	105,123	60,994	-20,969	-61,936	-36,366	83,148	-35,773	-60,571	2,616	41,254	-3,031	-69,164	-102,234	-85,513	-443,495	-112,412	417,180	132,968	-161,736	1,824	262,037	-123,547	22,443	-126,347	401,347	-497,958	38,031	-132,376	639,695	-4,123	-54,716	50,181	134,352	90,485	-42,168	33,833
Supplemental Disclosure
Interest paid
27,820	34,340	32,997	36,896	35,271	32,600	38,434	23,129	38,323	20,377	31,932	15,833	33,732	18,026	30,920	14,219	27,786	17,324	28,556	14,823	27,745	14,799	28,938	15,010	29,054	15,361	29,468	18,539	29,183	18,181	32,937	17,758	31,393	13,842	36,324	5,803	41,923	7,278	44,888	737	45,029	115	44,843	874	45,791
Income taxes paid
14,107	75,310	25,835	108,189	28,733	23,873	24,571	57,581	12,817	80,420	5,656	258,224	7,532	118,959	67,079	209,927	29,574	112,316	42,538	196,227	17,845	105,543	12,248	250,473	16,054	133,597	49,532	190,699	74	93,578	15,406	210,663	7,583	68,324	30,293	178,006	15,692	114,316	35,052	172,004	29,576	111,452	31,596	92,527	16,655