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: Liabilities and Stockholders’ Equity

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Hershey Co., common-size consolidated balance sheet: liabilities and stockholders’ equity

Microsoft Excel
Dec 31, 2022 Dec 31, 2021 Dec 31, 2020 Dec 31, 2019 Dec 31, 2018
Accounts payable
Payroll, compensation and benefits
Advertising, promotion and product allowances
Current operating lease liabilities
Other
Accrued liabilities
Accrued income taxes
Short-term debt
Current portion of long-term debt
Current liabilities
Long-term portion of long-term debt
Post-retirement benefits liabilities
Pension benefits liabilities
Non-current operating lease liabilities
Other
Other long-term liabilities
Deferred income taxes
Long-term liabilities
Total liabilities
Preferred stock, shares issued: none
Common stock
Class B common stock
Additional paid-in capital
Retained earnings
Treasury, common stock shares, at cost
Accumulated other comprehensive loss
Total The Hershey Company stockholders’ equity
Noncontrolling interest in subsidiary
Total stockholders’ equity
Total liabilities and stockholders’ equity

Based on: 10-K (reporting date: 2022-12-31), 10-K (reporting date: 2021-12-31), 10-K (reporting date: 2020-12-31), 10-K (reporting date: 2019-12-31), 10-K (reporting date: 2018-12-31).

Accounts payable
There was a generally fluctuating trend in accounts payable as a percentage of total liabilities and stockholders’ equity from 2018 to 2022, with a noticeable increase to 8.86% in 2022, indicating a higher reliance on supplier credit or delays in payment at the end of the period.
Payroll, compensation and benefits
These expenses showed modest variation, increasing from 2.34% in 2018 to a peak of 2.83% in 2019, followed by slight decreases, ending at 2.68% in 2022, denoting relatively stable labor cost allocation as a proportion of financial structure.
Advertising, promotion and product allowances
This category declined steadily from 3.81% in 2018 to a low of 2.93% in 2021, then experienced a slight rebound to 3.08% in 2022, suggesting a potential reduction in marketing expenditure relative to the company’s size, followed by a modest increase.
Current operating lease liabilities
Introduced in 2019 at 0.36%, these liabilities showed minor fluctuations but overall decreased to 0.29% by 2022, reflecting lower short-term lease commitments as a portion of the capital structure.
Other current liabilities
Other current liabilities decreased from 2.66% in 2018 to 1.55% in 2022, indicating a reduction in miscellaneous current obligations relative to the company’s funding base.
Accrued liabilities
This item declined steadily over the five-year period from 8.82% to 7.6%, showing a gradual decrease in accrued expenses relative to total liabilities and equity.
Accrued income taxes
Accrued income taxes accounted for a small and decreasing portion, moving from 0.44% in 2018 down to as low as 0.03% in 2021, with a slight rise to 0.06% in 2022, implying minimal short-term tax liabilities at period ends.
Short-term debt
There was a significant volatility in short-term debt, falling sharply from 15.55% in 2018 to under 1% in 2019 and 2020, before increasing again to 9.02% in 2021 and then declining to 6.34% in 2022, indicating fluctuations in short-term borrowing needs or refinancing strategies.
Current portion of long-term debt
This liability saw large swings, rising dramatically to 8.64% in 2019, dropping to 0.03% in 2021, then rising to 6.88% in 2022, reflecting changes in the timing of debt maturities classified as current liabilities.
Current liabilities
Overall, current liabilities as a share of total financing decreased from 31.4% in 2018 to a low of 20.72% in 2020, then increased to 29.75% by 2022, showing variability in short-term obligation levels.
Long-term portion of long-term debt
Long-term debt declined steadily from 42.25% in 2018 to 30.54% in 2022, indicating a substantial reduction in long-term borrowing relative to the company's total capital.
Post-retirement benefits liabilities
This liability decreased consistently from 2.53% in 2018 to 1.34% in 2022, suggesting either payments exceeding new obligations or changes in actuarial assumptions reducing these liabilities.
Pension benefits liabilities
Similarly, pension benefit liabilities declined from 0.86% to 0.25% over the period, supporting a similar trend in post-retirement obligations reduction.
Non-current operating lease liabilities
These liabilities showed modest fluctuations, rising to 2.99% in 2021 before easing to 2.69% in 2022, indicating relatively stable long-term lease obligations.
Other long-term liabilities
Other long-term liabilities increased from 5.79% in 2018 to a peak of 8.06% in 2019, then decreased to 6.57% in 2022, reflecting some volatility in miscellaneous long-term provisions or obligations.
Deferred income taxes
This liability showed a gradual increase from 2.3% to 3.0%, indicating a rising deferred tax position over the period.
Long-term liabilities
Overall long-term liabilities peaked at 54.78% in 2020 before declining significantly to 40.12% in 2022, highlighting a shift away from longer-term debt and obligations in recent years.
Total liabilities
Total liabilities decreased steadily from 81.73% to 69.86%, demonstrating a reduction in the company’s leverage or reliance on external obligations relative to equity.
Common stock and Class B common stock
Both stock categories showed a gradual decline as a percentage of total financing, with common stock dropping from 3.89% to 1.49% and Class B common stock falling from 0.79% to 0.53%, implying changes in capital structure or share buybacks.
Additional paid-in capital
Additional paid-in capital rose initially to 14.03% in 2019 but decreased gradually to 11.84% by 2022, indicating some reduction in this equity component over time.
Retained earnings
Retained earnings experienced a significant drop from 91.29% in 2018 to 15.85% in 2019, an anomaly likely due to a change in calculation or reclassification, then rose steadily to 32.79% in 2022, reflecting accumulated profitability.
Treasury stock
Treasury stock ranged from a large negative value of -85.92% in 2018 to smaller negative amounts closer to -14.21% in 2022, suggesting extensive share repurchases or adjustments in treasury holdings.
Accumulated other comprehensive loss
This loss declined from -4.63% to -2.3%, pointing to an improving comprehensive income situation or favorable adjustments in unrealized losses.
Total stockholders’ equity
Stockholders’ equity overall increased from 18.27% in 2018 to 30.14% in 2022, showing strengthening equity base and improvement in the company’s financial stability.
Total liabilities and stockholders’ equity
The sum consistently equals 100%, confirming the proportional presentation of financial sources at period ends.