Hostess brands, inc. (TWNK)
Balance Sheet / Quarterly
Mar'20Dec'19Sep'19Jun'19Mar'19Dec'18Sep'18Jun'18Mar'18Dec'17Sep'17Jun'17Mar'17Dec'16Sep'16Jun'16Mar'16Dec'15Sep'15Jun'15
ASSETS
Current assets:
Cash and cash equivalents

96

285

266

189

160

146

127

115

100

135

-

-

-

26

0

0

0

-

1

0

Accounts receivable, net

147

104

115

128

129

105

107

110

113

101

-

-

-

-

-

-

-

-

-

-

Inventories

50

47

38

42

43

38

37

38

39

34

-

-

-

-

-

-

-

-

-

-

Prepaids and other current assets

12

15

12

10

5

8

11

11

5

7

-

-

-

-

-

-

-

-

-

-

Prepaid expenses

-

-

-

-

-

-

-

-

-

-

-

-

-

-

0

0

0

-

0

-

Total current assets

306

453

433

370

338

299

283

275

259

279

-

-

-

-

0

0

0

-

1

-

Property and equipment, net

276

242

227

223

221

220

207

199

192

174

-

-

-

-

-

-

-

-

-

-

Intangible assets, net

1,987

1,853

1,858

1,889

1,895

1,901

1,905

1,911

1,917

1,923

-

-

-

-

-

-

-

-

-

-

Goodwill

701

535

535

574

575

575

578

578

579

579

-

-

-

588

-

-

-

56

-

-

Other assets, net

16

12

11

10

12

14

18

18

15

10

-

-

-

-

-

-

-

-

-

-

Investments and cash held in Trust Account

-

-

-

-

-

-

-

-

-

-

-

-

-

-

375

375

375

-

375

-

Deferred offering costs associated with public offering

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

0

Total assets

3,289

3,097

3,066

3,068

3,043

3,010

2,993

2,982

2,964

2,966

-

-

-

-

375

375

375

-

376

0

LIABILITIES AND STOCKHOLDERS’ EQUITY
Current liabilities:
Long-term debt and lease obligations payable within one year

14

11

10

13

13

11

11

11

11

11

-

-

-

-

-

-

-

-

-

-

Tax receivable agreement payments payable within one year

10

12

10

7

3

4

0

0

8

14

-

-

-

-

-

-

-

-

-

-

Accounts payable

67

68

69

72

74

65

74

70

65

49

-

-

-

-

-

-

-

-

-

-

Customer trade allowances

48

45

44

50

44

42

37

42

40

40

-

-

-

-

-

-

-

-

-

-

Accrued expenses and other current liabilities

43

21

23

23

18

18

9

10

8

11

-

-

-

-

-

-

-

-

-

-

Accrued expenses, formation and offering costs

-

-

-

-

-

-

-

-

-

-

-

-

-

-

3

2

0

-

0

0

Promissory Note

-

-

-

-

-

-

-

-

-

-

-

-

-

-

0

-

-

-

-

0

State franchise tax accrual

-

-

-

-

-

-

-

-

-

-

-

-

-

-

0

0

0

-

0

-

Total current liabilities

185

159

158

166

154

141

133

135

133

127

-

-

-

-

4

2

0

-

0

-

Long-term debt and lease obligations

1,112

975

972

972

974

976

979

982

985

987

-

-

-

-

-

-

-

-

-

-

Tax receivable agreement obligations

129

126

125

85

63

64

68

68

70

110

-

-

-

-

-

-

-

-

-

-

Deferred tax liability

290

256

252

273

275

277

276

272

273

267

-

-

-

-

-

-

-

-

-

-

Deferred underwriting compensation

1

0

-

0

-

-

-

-

-

-

-

-

-

-

13

13

13

-

13

-

Total liabilities

1,718

1,517

1,509

1,498

1,467

1,460

1,458

1,459

1,462

1,493

-

-

-

-

17

15

13

-

13

0

Commitments and Contingencies (Note 13)

-

-

-

-

-

-

-

-

-

-

-

-

-

-

0

0

0

-

0

-

Shares of Class A common stock subject to possible redemption; 35,331,596 and 35,764,796 shares at September 30, 2016 and December 31, 2015, respectively, at a redemption value of $10.00 per share

-

-

-

-

-

-

-

-

-

-

-

-

-

-

353

355

357

-

-

-

Stockholders equity:
Preferred stock, $0.0001 par value; 1,000,000 shares authorized, none issued or outstanding

-

-

-

-

-

-

-

-

-

-

-

-

-

-

0

0

0

-

0

0

Additional paid in capital

1,163

1,152

1,140

1,022

927

925

924

923

922

920

-

-

-

-

9

7

5

-

5

0

Accumulated other comprehensive income (loss)

-9

-0

-0

-0

1

2

4

4

3

1

-

-

-

-

-

-

-

-

-

-

Retained earnings

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-0

-

-

-

Retained earnings

336

334

312

303

292

271

259

251

232

208

-

-

-

-

-4

-2

-0

-

-0

-0

Stockholders’ equity

1,490

1,485

1,452

1,326

1,221

1,199

1,188

1,179

1,158

1,130

-

-

-

-

5

5

5

-

5

0

Non-controlling interest

80

94

105

244

354

350

347

343

343

342

-

-

-

-

-

-

-

-

-

-

Total liabilities and stockholders’ equity

3,289

3,097

3,066

3,068

3,043

3,010

2,993

2,982

2,964

2,966

-

-

-

-

375

375

375

-

376

0

Successor
Cash and Cash Equivalents, at Carrying Value

-

-

-

-

-

-

-

-

-

-

101

66

45

-

-

-

-

-

-

-

Accounts receivable, net

-

-

-

-

-

-

-

-

-

-

100

100

96

-

-

-

-

-

-

-

Inventories

-

-

-

-

-

-

-

-

-

-

33

33

32

-

-

-

-

-

-

-

Prepaids and other current assets

-

-

-

-

-

-

-

-

-

-

6

6

4

-

-

-

-

-

-

-

Total current assets

-

-

-

-

-

-

-

-

-

-

242

206

178

-

-

-

-

-

-

-

Property and equipment, net

-

-

-

-

-

-

-

-

-

-

166

162

158

-

-

-

-

-

-

-

Intangible assets, net

-

-

-

-

-

-

-

-

-

-

1,929

1,935

1,941

-

-

-

-

-

-

-

Goodwill

-

-

-

-

-

-

-

-

-

-

580

580

588

-

-

-

-

-

-

-

Other assets, net

-

-

-

-

-

-

-

-

-

-

7

7

7

-

-

-

-

-

-

-

Total assets

-

-

-

-

-

-

-

-

-

-

2,926

2,891

2,874

-

-

-

-

-

-

-

Long-term Debt and Capital Lease Obligations, Current

-

-

-

-

-

-

-

-

-

-

11

11

11

-

-

-

-

-

-

-

Accounts payable

-

-

-

-

-

-

-

-

-

-

53

36

39

-

-

-

-

-

-

-

Customer trade allowances

-

-

-

-

-

-

-

-

-

-

35

38

36

-

-

-

-

-

-

-

Accrued Liabilities and Other, Current

-

-

-

-

-

-

-

-

-

-

11

15

15

-

-

-

-

-

-

-

Total current liabilities

-

-

-

-

-

-

-

-

-

-

111

100

102

-

-

-

-

-

-

-

Long-term Debt and Capital Lease Obligations

-

-

-

-

-

-

-

-

-

-

988

989

990

-

-

-

-

-

-

-

Tax receivable agreement

-

-

-

-

-

-

-

-

-

-

175

173

165

-

-

-

-

-

-

-

Deferred tax liability

-

-

-

-

-

-

-

-

-

-

366

358

359

-

-

-

-

-

-

-

Total liabilities

-

-

-

-

-

-

-

-

-

-

1,641

1,622

1,618

-

-

-

-

-

-

-

Additional paid in capital

-

-

-

-

-

-

-

-

-

-

923

920

913

-

-

-

-

-

-

-

Accumulated other comprehensive loss

-

-

-

-

-

-

-

-

-

-

-0

-0

-

-

-

-

-

-

-

-

Retained earnings (accumulated deficit)

-

-

-

-

-

-

-

-

-

-

28

19

0

-

-

-

-

-

-

-

Stockholders’ equity

-

-

-

-

-

-

-

-

-

-

952

938

913

-

-

-

-

-

-

-

Non-controlling interest

-

-

-

-

-

-

-

-

-

-

332

330

342

-

-

-

-

-

-

-

Total liabilities and stockholders’ equity

-

-

-

-

-

-

-

-

-

-

2,926

2,891

2,874

-

-

-

-

-

-

-

Common Class A
Common Stock

0

0

0

0

0

0

0

0

0

0

-

-

-

-

-

-

-

-

-

-

Common stock, par value (usd per share)

0.00

0.00

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

Common stock, authorized (shares)

200

200

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

Common stock, issued (shares)

123

122

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

Common stock, outstanding (shares)

123

122

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

Common Class B
Common Stock

0

0

0

0

0

0

0

0

0

0

-

-

-

-

-

-

-

-

-

-

Common stock, par value (usd per share)

0.00

0.00

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

Common stock, authorized (shares)

50

50

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

Common stock, issued (shares)

7

8

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

Common stock, outstanding (shares)

7

8

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-