Balance Sheet: Assets
Quarterly Data

The balance sheet provides creditors, investors, and analysts with information on company resources (assets) and its sources of capital (its equity and liabilities). It normally also provides information about the future earnings capacity of a company assets as well as an indication of cash flows that may come from receivables and inventories.

Assets are resources controlled by the company as a result of past events and from which future economic benefits are expected to flow to the entity.

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

US$ in thousands

	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	446,161)	460,346)	463,889)	327,741)	339,722)	338,055)	329,266)	675,516)	426,201)	1,132,242)	1,143,987)	1,205,889)	1,165,331)	1,094,796)	493,262)	302,636)	365,963)	465,965)	587,998)	823,787)	467,352)	476,434)
Accounts receivable, trade, net	764,269)	856,841)	711,203)	929,482)	654,399)	868,426)	671,464)	841,227)	532,401)	634,830)	615,233)	829,513)	540,398)	705,639)	568,509)	849,218)	538,746)	694,136)	594,145)	814,923)	501,863)	614,295)
Inventories	1,385,424)	1,180,367)	1,173,119)	1,184,385)	1,208,239)	1,031,503)	988,511)	1,026,541)	1,060,422)	909,802)	964,207)	958,483)	999,380)	832,193)	815,251)	969,071)	957,953)	791,289)	784,879)	880,673)	916,440)	782,460)
Prepaid expenses and other	285,051)	228,546)	272,195)	251,126)	226,105)	219,454)	256,965)	198,660)	200,157)	183,150)	254,478)	213,211)	197,835)	222,125)	240,080)	254,130)	230,896)	265,539)	272,159)	274,663)	479,450)	397,307)
Current assets	2,880,905)	2,726,100)	2,620,406)	2,692,734)	2,428,465)	2,457,438)	2,246,206)	2,741,944)	2,219,181)	2,860,024)	2,977,905)	3,207,096)	2,902,944)	2,854,753)	2,117,102)	2,375,055)	2,093,558)	2,216,929)	2,239,181)	2,794,046)	2,365,105)	2,270,496)
Property, plant and equipment, net	3,014,876)	2,822,238)	2,769,702)	2,622,587)	2,590,826)	2,592,628)	2,586,187)	2,370,193)	2,341,825)	2,298,817)	2,285,255)	2,183,376)	2,165,346)	2,150,217)	2,153,139)	2,099,985)	2,107,185)	2,108,075)	2,130,294)	2,092,899)	2,083,840)	2,119,016)
Goodwill	2,695,997)	2,607,833)	2,606,956)	2,604,889)	2,616,497)	2,620,594)	2,633,174)	2,164,580)	2,166,446)	1,989,462)	1,988,215)	1,981,503)	1,979,002)	1,976,699)	1,985,955)	1,982,362)	1,805,955)	1,803,601)	1,801,103)	1,677,101)	1,674,966)	1,645,274)
Other intangibles	1,928,184)	1,947,584)	1,966,269)	1,985,099)	2,007,748)	2,029,220)	2,037,588)	1,494,106)	1,509,435)	1,284,111)	1,295,214)	1,303,788)	1,314,332)	1,324,797)	1,341,166)	1,452,726)	1,257,868)	1,267,833)	1,278,292)	1,008,051)	1,016,312)	1,032,848)
Other non-current assets	961,741)	964,993)	944,989)	888,406)	904,822)	902,347)	868,203)	628,686)	612,614)	577,692)	555,887)	554,111)	524,687)	523,913)	512,000)	524,323)	499,303)	459,754)	252,984)	261,248)	262,704)	262,095)
Deferred income taxes	43,973)	42,770)	40,498)	39,192)	40,516)	42,817)	40,873)	39,674)	34,362)	28,022)	29,369)	25,160)	24,760)	25,064)	31,033)	29,809)	29,691)	1,184)	1,166)	2,844)	2,726)	3,069)
Non-current assets	8,644,771)	8,385,418)	8,328,414)	8,140,173)	8,160,409)	8,187,606)	8,166,025)	6,697,239)	6,664,682)	6,178,104)	6,153,940)	6,047,938)	6,008,127)	6,000,690)	6,023,293)	6,089,205)	5,700,002)	5,640,447)	5,463,839)	5,042,143)	5,040,548)	5,062,302)
Total assets	11,525,676)	11,111,518)	10,948,820)	10,832,907)	10,588,874)	10,645,044)	10,412,231)	9,439,183)	8,883,863)	9,038,128)	9,131,845)	9,255,034)	8,911,071)	8,855,443)	8,140,395)	8,464,260)	7,793,560)	7,857,376)	7,703,020)	7,836,189)	7,405,653)	7,332,798)

Cash and Cash Equivalents: Cash and cash equivalents exhibit significant volatility over the reported periods. Initially, there is a drop from the start until mid-2019, followed by a sharp increase peaking at the end of the first quarter of 2020. Subsequently, a pronounced decline occurs through mid-2021, reaching one of the lowest points in the dataset before recovering somewhat but remaining below earlier peak levels towards mid-2023.
Accounts Receivable, Trade, Net: This item shows considerable fluctuations, with a general pattern of spikes and troughs throughout the quarters. Notably, there are recurring high points around the third quarter of each year, followed by declines toward year-end. The values overall trend slightly upward over the timeframe, suggesting an increasing level of receivables despite periodic variability.
Inventories: Inventories remain generally high with cyclical fluctuations. There is an upward trend, especially noticeable from 2021 onward, reaching the highest values toward mid-2023. The increase in inventory levels could indicate stockpiling or growth in product holdings, while the quarter-to-quarter variations suggest some seasonality or operational adjustments.
Prepaid Expenses and Other Current Assets: Prepaid expenses and other current assets display a less consistent pattern, with some decreases noted in 2019 and early 2020, followed by fluctuations without a clear trend. The range remains relatively narrow compared to other current assets, indicating stable but modest changes over time.
Current Assets: Current assets show some volatility with notable peaks in early 2020 and subsequent fluctuations. The values indicate a rebound from a dip in late 2018 and early 2019 but stabilize around just under 3 billion USD. This reflects mixed performance in constituent assets such as cash, receivables, and inventory, influencing the overall current asset base.
Property, Plant and Equipment, Net: This category shows a gradual upward trend across the period, reflecting ongoing investment, asset acquisition, or revaluation. Significant growth is particularly evident from late 2020 through mid-2023, indicating expansion or upgrading of fixed assets contributing to long-term operational capacity.
Goodwill: Goodwill remains relatively steady in the earlier years but increases significantly from late 2020 onward, peaking in the early quarters of 2022 before slightly stabilizing. This increase suggests acquisitions or goodwill revaluation events that enhance intangible asset value.
Other Intangibles: Other intangible assets follow a similar pattern to goodwill, with steady amounts initially and a marked increase starting late 2020. The peak occurs in early 2022 with a slight decline afterward, indicating acquisition-related intangible assets or amortization impacting balances.
Other Non-Current Assets: This asset class trends upward over the entire period, with notable increases from 2020 onward. The rising values imply strengthening of non-current asset holdings, possibly due to strategic investments or reclassification of assets.
Deferred Income Taxes: Deferred income taxes display generally low values with some spikes occurring primarily from mid-2019. The fluctuations suggest changes in tax positions or timing differences impacting the deferred tax liabilities or assets.
Non-Current Assets: Non-current assets follow a rising trend, with a few fluctuations. Significant growth is observed from late 2020 through to mid-2023, consistent with the increases in property, plant, equipment, goodwill, and other intangible assets, indicating substantial long-term asset growth.
Total Assets: Total assets increase steadily over the time frame, with some short-term declines but an overall rising trend. The growth is most accelerated from late 2020 to mid-2023, reflecting expansions in both current and non-current assets. This suggests business growth, acquisition activity, or capital investments driving asset base enlargement.

Assets: Selected Items

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Hershey Co. (NYSE:HSY)

Balance Sheet: Assets Quarterly Data

Assets: Selected Items

Current Assets: Selected Items

Balance Sheet: Assets
Quarterly Data