HERSHEY CO (HSY) FY2024 Q3 Statement of Cash Flows
2024-07-01 to 2024-09-29
Statement of Cash Flows
2024-07-01 to 2024-09-29
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Chart details
HERSHEY CO cash flow reconciliation, Jul 1, 2024 through Sep 29, 2024
Cash flows for Jul 1, 2024 through Sep 29, 2024. Cash basis: Cash, cash equivalents, and restricted cash. Beginning cash: Jun 30, 2024. Ending cash: Sep 29, 2024. Beginning and ending cash are dated balances. Positive cash flows add cash; negative cash flows reduce it.
- Beginning cash on Jun 30, 2024
- 467,058,000 US dollars. Beginning cash: Cash, cash equivalents, and restricted cash
- Operating activities
- 695,254,000 US dollars. Net cash provided.
- Net income
- 446,301,000 US dollars
- Depreciation and amortization
- 113,255,000 US dollars
- Stock-based compensation expense
- 15,073,000 US dollars
- Deferred income taxes
- negative 8,919,000 US dollars
- Write-down of equity investments
- 49,626,000 US dollars
- Unrealized gains on derivative contracts
- negative 9,142,000 US dollars
- Other
- 18,285,000 US dollars
- Accounts receivable—trade, net
- negative 297,726,000 US dollars
- Inventories
- 155,798,000 US dollars
- Prepaid expenses and other current assets
- 38,744,000 US dollars
- Accounts payable and accrued liabilities
- 99,224,000 US dollars
- Accrued income taxes
- 74,948,000 US dollars
- Contributions to pension and other benefit plans
- negative 4,632,000 US dollars
- Other assets and liabilities
- 4,419,000 US dollars
- Investing activities
- negative 159,592,000 US dollars. Net cash used.
- Other investing activities
- 509,000 US dollars
- Business acquisitions, net of cash and cash equivalents acquired
- 0 US dollars
- Equity investments in tax credit qualifying partnerships
- negative 32,143,000 US dollars
- Capital additions (including software)
- negative 127,958,000 US dollars
- Financing activities
- negative 394,095,000 US dollars. Net cash used.
- Proceeds from exercised stock options
- 5,501,000 US dollars
- Taxes withheld and paid on employee stock awards
- negative 534,000 US dollars
- Cash dividends paid
- negative 270,383,000 US dollars
- Repurchase of common stock
- 0 US dollars
- Repayment of long-term debt and finance leases
- negative 1,447,000 US dollars
- Net increase in short-term debt
- negative 127,232,000 US dollars
- Long-term borrowings, net of debt issuance costs
- 0 US dollars
- Operating adjustment reconciliation
- 569,372,000 US dollars. Intermediate calculation joining the operating reconciliation branches. Its gross amount includes any portion of net income routed through this junction. It is not an additional cash source or use.
- financing gross reconciliation
- 399,596,000 US dollars. Gross amount at the activity's junction before offsetting its receipts and deductions. It is not an additional cash source or use.
- investing gross reconciliation
- 160,101,000 US dollars. Gross amount at the activity's junction before offsetting its receipts and deductions. It is not an additional cash source or use.
- Exchange-rate effect
- 6,326,000 US dollars
- Ending cash on Sep 29, 2024
- 614,951,000 US dollars. Ending cash: Cash, cash equivalents, and restricted cash
- Cash sources and uses
- 1,168,638,000 US dollars. Opening cash plus net sources, equal to net uses plus ending cash.
- Net cash change
- 147,893,000 US dollars. Ending cash minus beginning cash.
- Cash flow / Net income
- 1.56×. Operating cash flow divided by reconciliation net income for the same period. Black from 0.90× through 1.10×; green above 1.10×; red below 0.90×. Color uses the unrounded ratio.
- Operating cash flow
- 695,254,000 US dollars. Operating cash flow used in the free cash flow calculation.
- Cash purchases of property, plant and equipment
- 127,958,000 US dollars. These cash purchases are already included in investing activities above.
- Free cash flow
- 567,296,000 US dollars. A supplemental measure; finance-lease payments are excluded from this definition.
Chart connections
- Beginning cash plus operating, investing and financing cash flows plus the exchange-rate effect equals ending cash. Negative amounts reduce cash.
- Financing contributions meet at a reconciliation junction before connecting to the net cash total.
- Investing contributions meet at a reconciliation junction before connecting to the net cash total.
- Operating reconciliation adjustments are not all independent cash receipts.
- Net income enters operating cash directly in the reconciliation. The adjustment junction contributes the remaining $248.95M after reconciling the other positive and negative adjustments. These connections depict an accounting reconciliation, not traced cash receipts.
- Each activity has one net cash bar connected to the shared cash pool. Positive activity totals enter the pool; negative activity totals leave the pool to fund that activity's net payments. The central pool does not assign a particular funding source to a particular payment.
- The intermediate calculation bars include both sides of the displayed activity breakdowns; they are not additional cash flows.
- Operating cash flow minus cash purchases of property, plant and equipment equals free cash flow: 695,254,000 US dollars minus 127,958,000 US dollars equals 567,296,000 US dollars.
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