HERSHEY CO HSY Cash Flow

Hershey co (HSY)

CashFlow / TTM

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
1,111,654	1,146,752	1,273,934	1,214,165	1,124,213	1,171,051	1,021,000	1,029,600	1,009,008	756,537	691,841	645,231	588,460	720,044	816,575	743,943	498,046	512,951	502,075	571,045	839,154	846,912	830,479	839,723	831,059	820,470	784,274	728,005	704,186	660,931	653,185	673,164	667,498	628,962	622,342	605,816	522,520	509,799	501,065	482,919	507,494	435,994	0	0	0
Adjustments to reconcile net income to net cash provided by operating activities:
Depreciation and amortization
289,839	291,544	288,182	288,494	293,057	295,144	293,343	280,770	271,317	261,853	254,249	277,137	306,876	301,837	303,974	282,906	246,503	244,928	241,381	230,200	220,567	211,532	203,482	202,291	201,588	201,033	197,746	199,277	203,917	210,037	221,050	222,606	219,577	215,763	208,941	206,610	200,840	197,116	189,273	181,651	182,864	182,411	0	0	0
Stock-based compensation expense
53,918	51,899	53,197	49,452	49,384	49,286	48,763	50,050	49,397	51,061	52,052	53,134	55,229	54,785	52,243	51,126	49,322	51,533	52,298	52,986	55,002	54,068	56,144	55,676	54,468	53,967	52,700	51,874	51,401	50,482	61,001	52,875	45,399	43,468	44,676	47,729	50,076	49,468	31,473	31,288	37,322	34,927	0	0	0
Excess tax benefits from stock-based compensation
-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	30,241	31,643	31,601	53,497	51,719	54,423	59,270	48,396	104,965	94,663	72,530	33,876	-32,626	-44,963	-28,381	-13,997	-11,636	7,936	3,726	-1,385	8,147	3,320	3,815	4,455	0	0	0
Deferred income taxes
-23,375	-15,072	41,363	43,958	35,034	36,255	34,784	64,146	35,883	18,582	-40,253	-76,966	-49,468	-38,097	-40,855	-24,108	-30,369	-38,537	18,442	754	15,136	18,796	10,433	20,004	7,333	7,457	-11,411	-2,763	6,946	13,785	51,999	40,566	32,929	33,611	-26,753	-36,074	-20,762	-18,654	-108,803	-66,609	-47,708	-40,578	0	0	0
Long-lived asset impairment charges
-	-	-	-	-	-	-	-	-	-	-	-	-	-	0	0	0	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-
Impairment of long-lived assets (see Note 6)
120,028	112,485	0	0	0	-	-	-	-	208,712	0	0	0	-	-	-	-	280,802	283,362	265,711	20,834	15,900	0	0	0	-	-	-	-	38,144	53,099	44,830	37,647	34,660	2,366	-3,082	68,221	62,104	90,646	94,382	50,725	60,823	0	0	0
Equity Method Investment, Other than Temporary Impairment
60,408	50,457	45,826	40,350	51,047	50,329	65,277	75,710	66,643	66,209	31,619	38,684	37,889	43,482	61,456	49,886	45,082	39,489	0	0	0	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-
Business Combination, Bargain Purchase, Gain Recognized, Amount
-	-	-	-	-	-	-	-	-	-	-	-	-	26,650	26,650	26,650	26,650	0	0	0	0	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-
Other
64,333	57,426	49,231	47,183	36,720	37,278	39,595	65,085	74,834	77,291	69,005	45,314	59,828	51,375	0	0	0	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-
Changes in assets and liabilities, net of business acquisitions and divestitures:
Accounts receivable—trade, net
12,843	-40,252	19,679	36,880	81,524	-8,585	57,623	69,941	2,365	6,881	-16,787	-66,088	48,348	-21,096	-4,574	38,890	-36,571	24,440	36,506	-9,985	-67,483	67,464	432,000	-134,499	212,651	16,529	90,528	88,078	86,891	50,470	-17,169	141,164	-144,527	-9,438	-405,706	-162,125	64,642	20,329	259,498	-141,581	-173,286	-46,584	0	0	0
Inventories
42,691	21,194	75,359	38,730	7,890	12,746	-9,204	27,735	32,944	71,404	95,323	65,807	16,349	-13,965	29,108	-835	46,583	-52,049	-74,644	2,357	40,891	88,497	324,257	322,518	-3,154	26,279	-75,069	-6,709	-7,415	-26,598	-74,100	-403,748	-126,393	-115,331	-199,705	159,408	-99,870	-13,910	-31,632	-62,223	-4,687	-74,000	0	0	0
Prepaid expenses and other current assets
-18,420	-13,593	-15,738	-4,242	55,948	39,899	7,387	-32,410	-56,755	-18,214	32,282	50,208	49,884	42,955	0	0	0	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-
Accounts payable and accrued liabilities
44,535	41,101	9,582	28,005	43,573	-100,252	-39,245	-41,010	-74,919	-52,960	48,119	-96,534	-84,651	-63,467	-61,502	-2,818	30,679	9,574	-91,939	-46,812	-135,861	-59,102	3,369	26,945	61,082	102,411	107,428	12,881	79,821	69,645	-5,816	-22,217	-11,948	7,860	79,998	94,848	87,281	90,434	64,990	25,255	54,557	37,228	0	0	0
Accrued income taxes
5,437	-9,544	-10,259	5,990	49,619	75,568	35,822	57,690	-65,575	-71,027	16,784	-37,274	-7,711	-937	0	0	0	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-
Contributions to pension and other benefit plans
19,582	20,134	13,018	20,704	23,076	25,864	25,255	51,063	52,306	56,433	57,014	44,602	44,434	41,697	50,652	59,153	56,805	53,273	56,851	51,129	51,726	53,110	50,509	56,609	70,018	57,213	113,667	70,206	44,425	44,208	-49,109	-47,015	-39,301	-31,671	-35,647	-22,433	-25,107	-27,723	104,344	53,788	54,390	54,457	0	0	0
Other assets and liabilities
-9,925	-24,308	-8,128	-15,612	-5,958	2,471	-69,382	-23,783	-31,382	-49,761	-20,067	-13,339	-18,068	-16,443	123,730	63,390	46,140	30,413	-71,415	-173,628	39,972	-37,111	-350,850	-74,853	-350,131	-154,478	-180,072	-131,465	-206,967	-153,759	75,031	-317,011	-77,887	-194,948	-84,825	310,788	168,798	33,845	-413,015	-427,662	-405,615	-293,272	0	0	0
Net cash provided by operating activities
1,680,006	1,763,873	1,700,519	1,676,439	1,577,896	1,599,993	1,516,477	1,516,663	1,367,110	1,249,515	1,188,567	980,452	978,421	1,013,428	1,111,986	1,138,706	1,266,547	1,256,311	1,052,029	1,158,760	899,853	844,377	955,118	1,013,885	1,101,976	1,191,399	1,112,634	1,130,115	1,112,205	1,094,827	936,545	615,333	704,291	587,867	770,453	923,267	879,615	901,423	818,400	884,416	969,759	1,065,749	0	0	0
Investing Activities
Capital additions (including software)
324,595	318,192	323,986	368,952	361,282	328,601	349,966	308,907	284,511	257,675	250,174	250,054	261,334	269,476	287,142	308,566	340,468	356,810	394,423	386,633	355,049	370,789	322,553	308,325	306,480	323,551	272,996	270,974	260,832	258,727	273,743	292,403	334,962	323,961	322,175	285,581	226,421	179,538	140,428	125,054	123,955	126,324	0	0	0
Capitalized software additions
-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	0	-	32,304	33,087	30,227	27,360	19,312	17,774	19,118	19,239	22,206	22,992	22,727	23,606	21,208	21,030	21,122	21,949	21,861	21,455	19,596	19,146	0	0	0
Proceeds from sales of property, plant and equipment and other long-lived assets
28,077	28,131	3,335	33,790	49,722	49,759	52,503	22,867	7,160	7,609	2,377	2,859	2,278	3,651	3,053	1,852	2,925	1,205	2,141	2,153	1,390	1,612	837	693	15,347	15,331	15,210	15,484	873	453	444	179	138	312	371	1,654	2,203	2,201	7,547	8,059	10,419	10,364	0	0	0
Proceeds from Divestiture of Businesses
-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	32,408	32,408	32,408	32,408	0	0	0	0	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-
Loan to affiliate
-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	23,000	23,000	23,000	16,000	7,000	0	0	0	-	-	-	-	-	-	-	-
Equity investments in tax credit qualifying partnerships
72,819	80,230	71,129	53,884	65,244	52,641	72,791	85,210	76,931	78,598	48,837	49,907	42,531	44,255	62,340	45,618	40,392	30,720	0	0	0	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-
Business acquisitions, net of cash and cash equivalents acquired
-	-	-	-	-	1,338,459	915,457	915,457	915,457	0	0	0	0	-	-	-	-	218,654	252,472	624,954	625,252	396,265	362,447	-10,035	-10,035	0	0	0	0	172,856	172,856	172,856	172,856	5,750	5,750	5,750	5,750	0	0	0	0	15,220	0	0	0
Net cash used in investing activities
-779,526	-780,480	-1,228,296	-645,000	-632,758	-1,502,894	-1,113,761	-1,286,707	-1,269,739	-328,664	-296,634	-297,102	-586,961	-595,454	-631,803	-542,390	-277,367	-477,255	-501,620	-966,225	-1,042,602	-862,573	-814,776	-427,900	-327,325	-351,580	-300,098	-296,264	-293,077	-473,369	-491,361	-491,072	-526,407	-340,005	-328,762	-310,707	-251,090	-199,286	-154,742	-138,450	-133,132	-150,326	0	0	0
Financing Activities
Net increase (decrease) in short-term debt
-331,925	-1,168,205	-166,853	-156,478	-1,070,001	645,805	638,829	423,370	1,751,994	-81,426	198,144	-368,210	-24,860	275,607	-75,558	386,863	-124,363	10,720	73,014	352,483	398,315	117,515	442,789	86,985	81,017	54,351	-99,509	-31,056	-49,451	77,698	167,873	95,306	118,878	10,834	22,718	6,983	-17,104	1,156	-211,240	-215,807	-313,950	-458,047	0	0	0
Long-term borrowings, net of debt issuance costs
988,248	989,618	5,070	4,944	1,201,215	1,199,845	0	0	0	-	-	-	-	-	-	-	-	599,031	600,734	4,537	3,917	3,051	1,176	888	249,130	250,595	253,070	253,761	5,519	4,025	250,370	248,697	249,090	249,126	0	0	0	-	-	-	-	-	-	-	-
Repayment of long-term debt and finance leases
4,102	6,151	4,888	308,358	306,057	910,844	910,647	606,390	607,828	0	250,204	500,150	500,094	500,000	254,404	354,786	355,118	355,446	351,409	1,313	1,377	1,442	1,414	1,407	251,113	250,761	251,405	347,390	97,909	99,381	99,831	255,151	256,206	256,189	320,558	78,542	74,877	71,548	20,472	9,193	7,980	8,252	0	0	0
Repayment of tax receivable obligation
-	-	-	-	-	72,000	72,000	72,000	42,500	0	0	0	0	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-
Payment of SGM liability (see Note 2)
-	-	-	-	-	-	-	-	-	-	-	-	-	35,762	35,762	35,762	35,762	0	0	0	0	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-
Cash dividends paid
621,652	610,312	600,553	590,125	574,684	562,521	549,605	538,023	532,555	526,272	519,614	512,464	505,125	499,475	494,768	490,309	484,118	476,132	468,328	459,470	449,485	440,414	430,688	420,812	407,507	393,801	379,648	357,007	349,277	341,206	325,519	318,488	310,993	304,083	299,223	294,411	289,151	283,434	278,600	273,628	268,580	263,403	0	0	0
Payments to noncontrolling interests
-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	0	0	0	0	-	-	-	-	7,322	0	0	0
Contributions from noncontrolling interest
-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	2,940	4,410	4,410	2,940	18,808	2,940	2,940	2,940	0	0	0	-	-	-	-	-	-	-	-	-	-	-	-
Repurchase of common stock
497,887	527,211	493,705	302,264	267,927	247,500	199,665	399,985	478,385	300,312	440,282	239,962	288,600	592,550	467,723	719,539	579,900	582,623	601,592	456,163	611,895	576,755	542,643	436,256	373,053	305,564	318,634	597,849	496,329	510,630	524,425	409,911	409,911	384,515	393,310	228,606	297,896	169,099	133,439	133,442	64,152	9,314	0	0	0
Exercise of stock options
222,633	240,806	265,197	216,500	96,012	63,323	43,210	16,684	47,331	63,288	60,270	110,510	88,045	94,831	80,173	41,771	42,405	55,703	85,403	85,464	80,254	122,306	114,533	123,019	142,189	147,255	167,081	190,154	292,529	261,597	240,546	234,971	176,515	184,411	189,658	159,684	132,915	92,033	80,370	89,666	46,334	28,318	0	0	0
Excess tax benefits from stock-based compensation
-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	30,241	31,643	31,601	53,497	51,719	54,423	59,270	48,396	48,585	46,965	51,398	33,876	32,626	30,729	20,745	13,997	10,256	6,298	3,910	1,385	2,143	5,590	5,095	4,455	0	0	0
Net cash provided by (used in) financing activities
-244,685	-1,081,455	-995,732	-1,135,781	-950,942	116,108	150,967	24,531	139,011	-843,768	-951,656	-717,323	-437,681	-464,396	-488,085	-643,676	-1,004,105	-797,017	-670,207	-442,819	-548,670	-719,302	-361,588	-588,750	-495,657	-446,589	-577,443	-855,273	-656,371	-586,872	-271,288	-324,776	-362,811	-438,818	-394,299	-71,333	-180,045	-71,100	-537,964	-525,664	-603,777	-698,921	0	0	0
Effect of exchange rate changes on cash and cash equivalents
-16,120	3,326	2,358	2,953	-4,665	-5,388	-4,952	-1,197	5,021	6,129	1,446	-2,150	-4,706	-3,140	-2,678	-5,114	-4,807	-10,364	0	0	0	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-
Increase (decrease) in cash and cash equivalents, including cash classified as held for sale
0	-	-	-	0	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-
Less: Increase in cash and cash equivalents classified as held for sale (see Note 8)
0	-	-	-	0	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-
Decrease (increase) in cash and cash equivalents
628,831	-94,736	-521,151	-101,389	-10,469	207,819	548,731	253,290	241,403	83,212	-58,277	-36,123	-50,927	-49,562	-10,580	-52,474	-19,732	-28,325	-133,175	-259,942	-700,406	-743,654	-224,240	-5,759	276,000	390,236	235,093	-21,422	162,757	34,586	173,896	-200,515	-184,927	-190,956	47,392	541,227	448,480	631,037	125,694	220,302	232,850	216,502	0	0	0
Supplemental Disclosure
Interest paid
132,053	139,504	137,764	143,201	129,434	132,486	120,263	113,761	106,465	101,874	99,523	98,511	96,897	90,951	90,249	87,885	88,489	88,448	85,923	86,305	86,492	87,801	88,363	88,893	92,422	92,551	95,371	98,840	98,059	100,269	95,930	99,317	87,362	97,892	91,328	99,892	94,826	97,932	90,769	90,724	90,861	91,623	0	0	0
Income taxes paid
223,441	238,067	186,630	185,366	134,758	118,842	175,389	156,474	357,117	351,832	390,371	451,794	403,497	425,539	418,896	394,355	380,655	368,926	362,153	331,863	386,109	384,318	412,372	449,656	389,882	373,902	333,883	299,757	319,721	327,230	301,976	316,863	284,206	292,315	338,307	343,066	337,064	350,948	348,084	344,628	265,151	252,230	0	0	0