Hershey Co. (NYSE:HSY)

The financial data demonstrates several notable trends over the five-year period under review. Net income including noncontrolling interest showed a consistent upward trajectory, increasing from 1,171,051 thousand US dollars in 2018 to 1,644,817 thousand US dollars in 2022, reflecting steady profitability growth.

Foreign currency translation gains and losses presented volatility, with fluctuations between gains and losses across the years. The net effect was generally negative or minimal, with the largest loss occurring in 2018 at -31,143 thousand US dollars and a subsequent loss again in 2022 amounting to -10,340 thousand US dollars.

Reclassification to Earnings

This component experienced irregular values, with figures present in 2018 and 2021 but missing for other years. Notable amounts recorded include 25,131 thousand US dollars in 2018 and 5,249 thousand US dollars in 2021, indicating occasional gains from the sale of businesses or other reclassifications.

Foreign Currency Translation Adjustments

These adjustments mirrored the pattern of foreign currency translation gains and losses, showing gains in 2019 (13,141 thousand US dollars) and losses in other years, including a significant negative adjustment in 2020 (-13,767 thousand US dollars).

Net Actuarial Gain (Loss)

The net actuarial gains and losses showed considerable fluctuation, with losses recorded in 2018, 2019, 2020, and 2022, and a significant gain in 2021 (53,799 thousand US dollars). This volatility reflects changes in pension or post-retirement benefit plan valuations during the period.

Reclassification of Tax Effects Relating to U.S. Tax Reform

This item appeared only in 2018, indicating a one-time tax effect adjustment of -36,535 thousand US dollars, likely linked to legislative or accounting changes in that period.

Reclassification to Earnings (General)

Amounts ranged narrowly between 23,617 thousand US dollars and 30,435 thousand US dollars over the periods with reported data, signifying relatively stable reclassifications to earnings.

Pension and Post-Retirement Benefit Plans

Values fluctuated significantly, with losses in 2018 (-35,704 thousand US dollars), and 2022 (-1,872 thousand US dollars), but gains in 2019 (16,043 thousand US dollars) and 2021 (77,824 thousand US dollars). This inconsistency underscores the impact of actuarial assumptions and market conditions on these plans.

Gains (Losses) on Cash Flow Hedging Derivatives

The figures oscillated between gains and losses without a clear trend, such as a gain in 2018 (5,736 thousand US dollars), a loss in 2019 (-1,658 thousand US dollars), and a loss again in 2021 (-4,540 thousand US dollars), followed by a moderate gain in 2022 (1,982 thousand US dollars).

Cash Flow Hedges

This category generally experienced an increasing trend from a loss of -2,489 thousand US dollars in 2018 to positive and growing figures peaking at 12,543 thousand US dollars in 2021, then slightly declining to 9,094 thousand US dollars in 2022.

Other Comprehensive Income (Loss), Net of Tax

Other comprehensive income/loss was volatile, with losses in 2018 and 2020, a significant gain in 2019 (32,981 thousand US dollars), a substantial peak in 2021 (94,116 thousand US dollars), and a minor loss in 2022 (-3,118 thousand US dollars).

Comprehensive Income Including Noncontrolling Interest

Comprehensive income steadily increased over the period, from 1,126,846 thousand US dollars in 2018 to a peak of 1,576,935 thousand US dollars in 2021, slightly declining to 1,641,699 thousand US dollars in 2022, aligning closely with trends in net income.

Comprehensive Income Attributable to The Hershey Company

This showed a consistent growth pattern, rising from 1,134,528 thousand US dollars in 2018 to 1,641,699 thousand US dollars in 2022, evidencing strong overall financial performance attributable to the company.