Balance Sheet: Liabilities and Stockholders’ Equity
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.

Liabilities represents obligations of a company arising from past events, the settlement of which is expected to result in an outflow of economic benefits from the entity.

Hershey Co., consolidated balance sheet: liabilities and stockholders’ equity (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
Accounts payable	1,014,058)	1,004,907)	970,558)	915,299)	876,193)	825,231)	692,338)	671,855)	615,641)	553,642)	580,058)	589,586)	530,042)	531,928)	550,828)	553,561)	479,792)	500,633)	502,314)	581,481)	496,865)	519,988)
Accrued liabilities	828,207)	780,195)	832,518)	845,472)	736,685)	784,660)	855,638)	751,972)	708,292)	717,171)	781,766)	730,947)	643,938)	673,285)	702,372)	726,344)	650,922)	650,657)	679,163)	663,974)	635,728)	623,709)
Accrued income taxes	16,009)	135,071)	6,710)	81,771)	20,543)	79,635)	3,070)	69,482)	52,035)	85,385)	17,051)	73,652)	54,091)	61,273)	19,921)	74,085)	16,748)	74,562)	33,773)	61,030)	30,336)	12,263)
Short-term debt	859,773)	603,089)	693,790)	793,871)	914,916)	873,783)	939,423)	410,374)	207,564)	64,458)	74,041)	45,680)	198,299)	837,621)	32,282)	1,275,430)	886,779)	1,168,780)	1,197,929)	1,449,226)	1,046,927)	2,246,485)
Current portion of long-term debt	8,010)	758,086)	753,578)	752,201)	752,573)	2,328)	2,844)	2,812)	3,470)	353,976)	438,829)	788,328)	788,448)	788,692)	703,390)	352,954)	353,186)	3,553)	5,387)	3,115)	304,401)	303,062)
Current liabilities	2,726,057)	3,281,348)	3,257,154)	3,388,614)	3,300,910)	2,565,637)	2,493,313)	1,906,495)	1,587,002)	1,774,632)	1,891,745)	2,228,193)	2,214,818)	2,892,799)	2,008,793)	2,982,374)	2,387,427)	2,398,185)	2,418,566)	2,758,826)	2,514,257)	3,705,507)
Long-term portion of long-term debt	4,086,195)	3,341,375)	3,343,977)	3,340,671)	3,340,472)	4,088,437)	4,086,627)	4,095,159)	4,095,200)	4,094,158)	4,089,755)	4,093,172)	4,091,211)	3,453,525)	3,530,813)	2,892,296)	2,888,043)	3,236,317)	3,254,280)	3,253,879)	3,249,689)	2,059,934)
Other long-term liabilities	714,532)	712,143)	719,742)	750,870)	764,041)	781,048)	787,058)	639,896)	671,601)	673,756)	683,434)	653,587)	643,847)	637,533)	655,777)	627,842)	636,913)	618,133)	446,048)	429,232)	436,691)	435,186)
Deferred income taxes	304,107)	318,287)	328,403)	269,672)	291,711)	294,373)	288,004)	260,500)	256,167)	230,736)	229,028)	211,269)	205,106)	197,045)	200,018)	200,157)	197,096)	181,381)	176,860)	144,980)	141,199)	142,516)
Long-term liabilities	5,104,834)	4,371,805)	4,392,122)	4,361,213)	4,396,224)	5,163,858)	5,161,689)	4,995,555)	5,022,968)	4,998,650)	5,002,217)	4,958,028)	4,940,164)	4,288,103)	4,386,608)	3,720,295)	3,722,052)	4,035,831)	3,877,188)	3,828,091)	3,827,579)	2,637,636)
Total liabilities	7,830,891)	7,653,153)	7,649,276)	7,749,827)	7,697,134)	7,729,495)	7,655,002)	6,902,050)	6,609,970)	6,773,282)	6,893,962)	7,186,221)	7,154,982)	7,180,902)	6,395,401)	6,702,669)	6,109,479)	6,434,016)	6,295,754)	6,586,917)	6,341,836)	6,343,143)
Preferred stock, shares issued: none	—)	—)	—)	—)	—)	—)	—)	—)	—)	—)	—)	—)	—)	—)	—)	—)	—)	—)	—)	—)	—)	—)
Common stock	166,939)	164,439)	163,439)	163,439)	163,439)	161,939)	160,939)	160,939)	160,939)	160,939)	160,939)	160,939)	160,939)	160,939)	160,939)	299,287)	299,287)	299,287)	299,287)	299,281)	299,281)	299,281)
Class B common stock	54,614)	57,114)	58,114)	58,114)	58,114)	59,614)	60,614)	60,614)	60,614)	60,614)	60,614)	60,614)	60,614)	60,614)	60,614)	60,614)	60,614)	60,614)	60,614)	60,620)	60,620)	60,620)
Additional paid-in capital	1,301,247)	1,285,412)	1,296,572)	1,280,462)	1,258,091)	1,243,240)	1,260,331)	1,240,012)	1,218,708)	1,195,748)	1,191,200)	1,169,583)	1,161,878)	1,153,130)	1,142,210)	1,130,493)	1,075,187)	996,181)	982,205)	957,759)	940,046)	925,965)
Retained earnings	4,171,010)	3,970,562)	3,589,781)	3,401,198)	3,208,598)	3,071,416)	2,719,936)	2,565,538)	2,301,805)	2,162,464)	1,928,673)	1,800,186)	1,516,543)	1,404,453)	1,290,461)	7,525,653)	7,358,277)	7,193,240)	7,032,020)	6,843,057)	6,727,127)	6,634,316)
Treasury, common stock shares, at cost	(1,777,984)	(1,781,155)	(1,556,029)	(1,524,083)	(1,528,121)	(1,378,651)	(1,195,376)	(1,200,409)	(1,180,881)	(994,765)	(768,992)	(773,161)	(779,176)	(742,164)	(591,036)	(6,938,744)	(6,781,509)	(6,786,065)	(6,618,625)	(6,589,861)	(6,609,312)	(6,593,579)
Accumulated other comprehensive loss	(221,041)	(238,007)	(252,333)	(296,050)	(268,381)	(242,009)	(249,215)	(298,400)	(296,136)	(329,006)	(338,082)	(352,307)	(367,193)	(365,741)	(323,966)	(324,141)	(336,736)	(348,520)	(356,780)	(335,954)	(367,818)	(354,475)
Total The Hershey Company stockholders’ equity	3,694,785)	3,458,365)	3,299,544)	3,083,080)	2,891,740)	2,915,549)	2,757,229)	2,528,294)	2,265,049)	2,255,994)	2,234,352)	2,065,854)	1,753,605)	1,671,231)	1,739,222)	1,753,162)	1,675,120)	1,414,737)	1,398,721)	1,234,902)	1,049,944)	972,128)
Noncontrolling interest in subsidiary	—)	—)	—)	—)	—)	—)	—)	8,839)	8,844)	8,852)	3,531)	2,959)	2,484)	3,310)	5,772)	8,429)	8,961)	8,623)	8,545)	14,370)	13,873)	17,527)
Total stockholders’ equity	3,694,785)	3,458,365)	3,299,544)	3,083,080)	2,891,740)	2,915,549)	2,757,229)	2,537,133)	2,273,893)	2,264,846)	2,237,883)	2,068,813)	1,756,089)	1,674,541)	1,744,994)	1,761,591)	1,684,081)	1,423,360)	1,407,266)	1,249,272)	1,063,817)	989,655)
Total liabilities and stockholders’ equity	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)

Accounts payable: Accounts payable showed an overall upward trend from approximately $520 million in early 2018 to over $1 billion in mid-2023, indicating increased short-term obligations to suppliers. Notably, there were fluctuations with some periods of decline, but the general movement was an increase in payables over the analyzed timeframe.
Accrued liabilities: Accrued liabilities remained relatively stable with a slight increasing trend from about $624 million in April 2018 to over $828 million by mid-2023. The pattern reveals moderate fluctuations without large spikes, reflecting consistent obligations accrued over time.
Accrued income taxes: This item experienced considerable volatility, with values fluctuating widely from lows below $3 million to highs exceeding $135 million. This variability indicates irregular timing or amounts of income tax accruals, possibly due to tax planning, settlements, or timing of payments.
Short-term debt: Short-term debt decreased significantly from about $2.25 billion in early 2018 to a low of around $32 million by the end of 2019, followed by recovery and fluctuations thereafter. By mid-2023, short-term debt increased again to approximately $860 million, showing active management of short-term borrowing levels depending on financial needs.
Current portion of long-term debt: There were two distinct patterns: early periods showing relatively low current portions under $500 million, followed by a sharp increase beginning around late 2019, reaching peaks near $790 million. However, this again dropped significantly by early 2022 before jumping back to about $800 million by mid-2023, suggesting refinancing or restructuring of long-term debt maturing soon.
Current liabilities: Current liabilities demonstrated volatility, peaking near $3.3 billion in late 2022, with lows near $1.6 billion in mid-2021. The fluctuations largely reflect movements in accounts payable, accrued liabilities, and short-term debt components. Overall, current liabilities remained substantial and showed an increasing pattern in recent periods.
Long-term portion of long-term debt: This line item exhibited relatively high and stable values mostly between $3.2 billion and $4.1 billion. After peaking around late 2020 to early 2021 near $4.1 billion, there was a notable decline to approximately $3.3 billion by late 2022, before rising again sharply beyond $4 billion in mid-2023. This indicates significant long-term debt issuances and repayments over the period.
Other long-term liabilities: Other long-term liabilities remained generally stable, fluctuating between $400 million and $800 million, with peaks around $780 million in the mid-2020s. These liabilities did not show strong trends but suggest steady long-term obligations outside of debt.
Deferred income taxes: Deferred income taxes showed a slow increasing trend, from approximately $142 million in early 2018 to over $300 million by mid-2023. This moderate increase reflects deferred tax liabilities growing in line with temporary differences in accounting and tax treatments.
Long-term liabilities: Long-term liabilities varied between approximately $3.7 billion and $5.1 billion, with a peak in early 2021 followed by a decline into late 2022, then rising again towards mid-2023. This fluctuating pattern aligns with changes in long-term debt and other long-term obligations indicating active debt management.
Total liabilities: Total liabilities were mostly stable, fluctuating around $6.3 billion to $7.8 billion, with a peak near $7.7 billion in late 2022 and slightly higher levels by mid-2023. The increase reflects upward trends in both current and long-term liabilities during the latest period.
Common stock and Class B common stock: Common stock values remained mostly constant with minor increments, reflecting share issuances or adjustments. Class B common stock showed a gradual decline from about $60.6 million to roughly $54.6 million, indicating possible repurchases or conversions.
Additional paid-in capital: This equity component steadily increased from about $926 million in 2018 to over $1.3 billion by mid-2023, signaling consistent capital contributions or stock issuance above par value.
Retained earnings: Retained earnings showed a strong upward trend, rising from about $6.6 billion in 2018 to over $4.1 billion in mid-2023, with an apparent anomaly in early 2019 values likely due to a one-time adjustment. Overall, this indicates sustained profitability and accumulation of earnings over time.
Treasury stock: Treasury stock cost was consistently negative, reflecting shares repurchased by the firm. The amount fluctuated but showed an increasing absolute value over time, reaching nearly -$1.8 billion by mid-2023, suggesting ongoing share repurchase activity.
Accumulated other comprehensive loss: Accumulated other comprehensive loss exhibited some volatility but showed a slight improvement from about -$354 million to approximately -$221 million by mid-2023, indicating a moderate reduction in unrealized losses or adjustments recognized in equity.
Total stockholders’ equity: Stockholders' equity increased significantly over the period, from below $1 billion in early 2018 to nearly $3.7 billion by mid-2023, representing growth in the company's net asset base primarily driven by retained earnings and paid-in capital even after treasury stock deductions.
Total liabilities and stockholders’ equity: The combined total showed an increasing trend from approximately $7.3 billion in early 2018 to over $11.5 billion by mid-2023, reflecting overall balance sheet growth in assets financed by rising liabilities and equity.

Download chart

Hershey Co. (NYSE:HSY)

Balance Sheet: Liabilities and Stockholders’ Equity Quarterly Data

Balance Sheet: Liabilities and Stockholders’ Equity
Quarterly Data