Name: Hershey Co. (NYSE:HSY) | Balance Sheet: Assets (Quarterly)
Creator: Stock Analysis on Net

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.

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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)

Total assets exhibited a consistent upward trajectory over the analyzed period, increasing from $7.33 billion in April 2018 to $11.53 billion by July 2023. This growth was primarily driven by a substantial expansion in non-current assets, which rose from $5.06 billion to $8.64 billion. The overall asset base grew by approximately 57%, reflecting a significant increase in the company's scale and capital investment.

Liquidity and Working Capital Trends: Cash and cash equivalents demonstrated significant volatility, characterized by a sharp increase during 2020, peaking at $1.21 billion in September 2020. Following this peak, liquidity levels contracted, stabilizing between $327 million and $463 million throughout 2022 and 2023. Accounts receivable showed a clear seasonal pattern, typically peaking in the third and fourth quarters of each year. There was a gradual increase in peak receivable balances, rising from $814 million in September 2018 to $929 million in October 2022.
Inventory Expansion: A steady and pronounced upward trend is observed in inventory levels. Inventories grew from $782 million in April 2018 to $1.39 billion by July 2023. This consistent increase suggests either an expansion in production capacity, a strategic increase in safety stock to mitigate supply chain risks, or a growth in overall sales volume.
Capital Investment and Fixed Assets: Property, plant, and equipment (net) increased steadily from $2.12 billion in early 2018 to $3.01 billion by July 2023. This indicates a continuous commitment to capital expenditures and the modernization or expansion of physical production facilities over the five-year period.
Intangible Assets and Strategic Acquisitions: A significant structural shift in the balance sheet occurred between October 2021 and December 2021. Goodwill increased from approximately $2.16 billion to $2.63 billion, and other intangibles rose from $1.49 billion to $2.04 billion during this window. This simultaneous surge in both goodwill and intangible assets is indicative of a major acquisition during the fourth quarter of 2021.
Other Non-Current Assets: Other non-current assets experienced a gradual but substantial increase, rising from $262 million in April 2018 to $961 million in July 2023. This growth represents a diversification or increase in long-term holdings outside of the primary fixed asset and intangible categories.

In summary, the balance sheet transitioned from a leaner structure in 2018 to a more asset-heavy position by 2023. The growth is characterized by a combination of organic capital investment in PP&E, a strategic expansion through acquisition in late 2021, and a significant increase in inventory holdings.

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Hershey Co. (NYSE:HSY)

Balance Sheet: AssetsQuarterly Data

Assets: Selected Items

Current Assets: Selected Items

Balance Sheet: Assets
Quarterly Data