Stock Analysis on Net
Stock Analysis on Net

Hershey Co. (NYSE:HSY)

$22.49

This company has been moved to the archive! The financial data has not been updated since July 27, 2023.

Common-Size Balance Sheet: Assets
Quarterly Data

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Hershey Co., common-size consolidated balance sheet: assets (quarterly data)

Microsoft Excel
Jul 2, 2023 Apr 2, 2023 Dec 31, 2022 Oct 2, 2022 Jul 3, 2022 Apr 3, 2022 Dec 31, 2021 Oct 3, 2021 Jul 4, 2021 Apr 4, 2021 Dec 31, 2020 Sep 27, 2020 Jun 28, 2020 Mar 29, 2020 Dec 31, 2019 Sep 29, 2019 Jun 30, 2019 Mar 31, 2019 Dec 31, 2018 Sep 30, 2018 Jul 1, 2018 Apr 1, 2018
Cash and cash equivalents
Accounts receivable, trade, net
Inventories
Prepaid expenses and other
Current assets
Property, plant and equipment, net
Goodwill
Other intangibles
Other non-current assets
Deferred income taxes
Non-current assets
Total assets

Based on: 10-Q (reporting date: 2023-07-02), 10-Q (reporting date: 2023-04-02), 10-K (reporting date: 2022-12-31), 10-Q (reporting date: 2022-10-02), 10-Q (reporting date: 2022-07-03), 10-Q (reporting date: 2022-04-03), 10-K (reporting date: 2021-12-31), 10-Q (reporting date: 2021-10-03), 10-Q (reporting date: 2021-07-04), 10-Q (reporting date: 2021-04-04), 10-K (reporting date: 2020-12-31), 10-Q (reporting date: 2020-09-27), 10-Q (reporting date: 2020-06-28), 10-Q (reporting date: 2020-03-29), 10-K (reporting date: 2019-12-31), 10-Q (reporting date: 2019-09-29), 10-Q (reporting date: 2019-06-30), 10-Q (reporting date: 2019-03-31), 10-K (reporting date: 2018-12-31), 10-Q (reporting date: 2018-09-30), 10-Q (reporting date: 2018-07-01), 10-Q (reporting date: 2018-04-01).

Cash and cash equivalents
The proportion of cash and cash equivalents relative to total assets exhibited notable fluctuations across the periods. Initially, it ranged around 6.5% but surged significantly to above 12% during early 2020, likely reflecting increased liquidity during that time. However, from mid-2021 onward, the ratio generally declined, stabilizing around 4% toward mid-2023, indicating a reduction in liquid asset holdings as a percentage of total assets.
Accounts receivable, trade, net
Accounts receivable as a percentage of total assets demonstrated a somewhat volatile pattern, oscillating between approximately 5.9% and 10.4%. Peaks were observed in quarters ending September 2018 and September 2019, with declines shortly afterward. This variability suggests cyclical changes in credit sales or collection periods.
Inventories
Inventory levels relative to total assets maintained a generally stable range between roughly 9.4% and 12.4%, without pronounced lasting trends. Some moderate increases were seen toward mid-2023, indicating a slight buildup of stock compared to earlier periods.
Prepaid expenses and other current assets
This category exhibited a decreasing trend overall, starting above 5% in early 2018 and declining to near 2% by late 2021 and maintaining around that level to mid-2023. This decline may reflect improved management of prepaid costs or reclassification of assets.
Current assets
Current assets as a proportion of total assets showed fluctuations but on average declined from over 30% in early years to mid-20% in recent quarters. Peaks were observed during 2020, coinciding with higher cash holdings. The general decreasing trend suggests a strategic shift towards a tighter current asset base.
Property, plant and equipment, net
The net value of property, plant, and equipment relative to total assets displayed a slow declining trend from near 29% in early 2018 to around 24-26% in later periods. Some minor increases occurred in 2021 and 2023, indicating possible reinvestments or acquisitions, though the overall trend is a moderate decrease.
Goodwill
Goodwill as a percentage of total assets remained relatively stable in the low-to-mid 20% range, with minor fluctuations. Peaks near 25% were noted in late 2021 and early 2022. This stability suggests consistent acquisitions or impairment activity balancing over time.
Other intangibles
Intangible assets other than goodwill showed an increasing trend from approximately 13% in 2018 to a peak near 19.6% in late 2021, followed by a gradual decline to approximately 16.7% by mid-2023. This pattern may reflect initial additions or revaluations with subsequent amortization effects.
Other non-current assets
Other non-current assets as a portion of total assets gradually rose from around 3.5% in 2018 to about 8.6% in early 2023, indicating diversification or accumulation of longer-term assets outside core property and intangibles.
Deferred income taxes
The percentage assigned to deferred income taxes was minimal but displayed a slight increase from near 0% to around 0.4%, suggesting growing deferred tax balances possibly due to timing differences in income recognition or asset valuation.
Non-current assets
The share of non-current assets remained dominant and relatively stable over the entire timeframe, oscillating between approximately 64% and 78%. The trend includes fluctuations with peaks during late 2021 and steady levels near 75% thereafter, underscoring a consistent asset base heavily weighted toward long-term investments and assets.
Total assets
By definition, represented as 100% throughout all periods, confirming proportions of individual asset categories sum to total assets consistently.