Stock Analysis on Net
Stock Analysis on Net

Hershey Co. (NYSE:HSY)

$22.49

This company has been moved to the archive! The financial data has not been updated since July 27, 2023.

Adjustments to Financial Statements

Microsoft Excel

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Adjustments to Current Assets

Hershey Co., adjusted current assets

US$ in thousands

Microsoft Excel
Dec 31, 2022 Dec 31, 2021 Dec 31, 2020 Dec 31, 2019 Dec 31, 2018
As Reported
Current assets
Adjustments
Add: Allowances for doubtful accounts, anticipated discounts and write-offs of uncollectible accounts receivable
Add: Adjustment to LIFO1
After Adjustment
Adjusted current assets

Based on: 10-K (reporting date: 2022-12-31), 10-K (reporting date: 2021-12-31), 10-K (reporting date: 2020-12-31), 10-K (reporting date: 2019-12-31), 10-K (reporting date: 2018-12-31).

1 Adjustment to LIFO. See details »

Adjustments to Total Assets

Hershey Co., adjusted total assets

US$ in thousands

Microsoft Excel
Dec 31, 2022 Dec 31, 2021 Dec 31, 2020 Dec 31, 2019 Dec 31, 2018
As Reported
Total assets
Adjustments
Add: Operating lease right-of-use asset (before adoption of FASB Topic 842)1
Add: Allowances for doubtful accounts, anticipated discounts and write-offs of uncollectible accounts receivable
Add: Adjustment to LIFO2
Less: Non-current deferred tax assets, net3
After Adjustment
Adjusted total assets

Based on: 10-K (reporting date: 2022-12-31), 10-K (reporting date: 2021-12-31), 10-K (reporting date: 2020-12-31), 10-K (reporting date: 2019-12-31), 10-K (reporting date: 2018-12-31).

1 Operating lease right-of-use asset (before adoption of FASB Topic 842). See details »

2 Adjustment to LIFO. See details »

3 Non-current deferred tax assets, net. See details »

Adjustments to Total Liabilities

Hershey Co., adjusted total liabilities

US$ in thousands

Microsoft Excel
Dec 31, 2022 Dec 31, 2021 Dec 31, 2020 Dec 31, 2019 Dec 31, 2018
As Reported
Total liabilities
Adjustments
Add: Operating lease liability (before adoption of FASB Topic 842)1
Less: Non-current deferred tax liabilities, net2
After Adjustment
Adjusted total liabilities

Based on: 10-K (reporting date: 2022-12-31), 10-K (reporting date: 2021-12-31), 10-K (reporting date: 2020-12-31), 10-K (reporting date: 2019-12-31), 10-K (reporting date: 2018-12-31).

1 Operating lease liability (before adoption of FASB Topic 842). See details »

2 Non-current deferred tax liabilities, net. See details »

Adjustments to Stockholders’ Equity

Hershey Co., adjusted total The Hershey Company stockholders’ equity

US$ in thousands

Microsoft Excel
Dec 31, 2022 Dec 31, 2021 Dec 31, 2020 Dec 31, 2019 Dec 31, 2018
As Reported
Total The Hershey Company stockholders’ equity
Adjustments
Less: Net deferred tax assets (liabilities)1
Add: Allowances for doubtful accounts, anticipated discounts and write-offs of uncollectible accounts receivable
Add: Adjustment to LIFO2
Add: Noncontrolling interest in subsidiary
After Adjustment
Adjusted total stockholders’ equity

Based on: 10-K (reporting date: 2022-12-31), 10-K (reporting date: 2021-12-31), 10-K (reporting date: 2020-12-31), 10-K (reporting date: 2019-12-31), 10-K (reporting date: 2018-12-31).

1 Net deferred tax assets (liabilities). See details »

2 Adjustment to LIFO. See details »

Adjustments to Capitalization Table

Hershey Co., adjusted capitalization table

US$ in thousands

Microsoft Excel
Dec 31, 2022 Dec 31, 2021 Dec 31, 2020 Dec 31, 2019 Dec 31, 2018
As Reported
Short-term debt
Current portion of long-term debt
Long-term portion of long-term debt
Total reported debt
Total The Hershey Company stockholders’ equity
Total reported capital
Adjustments to Debt
Add: Operating lease liability (before adoption of FASB Topic 842)1
Add: Current operating lease liabilities2
Add: Non-current operating lease liabilities3
Adjusted total debt
Adjustments to Equity
Less: Net deferred tax assets (liabilities)4
Add: Allowances for doubtful accounts, anticipated discounts and write-offs of uncollectible accounts receivable
Add: Adjustment to LIFO5
Add: Noncontrolling interest in subsidiary
Adjusted total stockholders’ equity
After Adjustment
Adjusted total capital

Based on: 10-K (reporting date: 2022-12-31), 10-K (reporting date: 2021-12-31), 10-K (reporting date: 2020-12-31), 10-K (reporting date: 2019-12-31), 10-K (reporting date: 2018-12-31).

1 Operating lease liability (before adoption of FASB Topic 842). See details »

2 Current operating lease liabilities. See details »

3 Non-current operating lease liabilities. See details »

4 Net deferred tax assets (liabilities). See details »

5 Adjustment to LIFO. See details »

Adjustments to Reported Income

Hershey Co., adjusted net income attributable to The Hershey Company

US$ in thousands

Microsoft Excel
12 months ended: Dec 31, 2022 Dec 31, 2021 Dec 31, 2020 Dec 31, 2019 Dec 31, 2018
As Reported
Net income attributable to The Hershey Company
Adjustments
Add: Deferred income tax expense (benefit)1
Add: Increase (decrease) in allowances for doubtful accounts, anticipated discounts and write-offs of uncollectible accounts receivable
Add: Increase (decrease) in LIFO reserve2
Add: Other comprehensive income (loss), net of tax
Add: Comprehensive income (loss), net of tax, attributable to noncontrolling interest
After Adjustment
Adjusted net income including noncontrolling interest

Based on: 10-K (reporting date: 2022-12-31), 10-K (reporting date: 2021-12-31), 10-K (reporting date: 2020-12-31), 10-K (reporting date: 2019-12-31), 10-K (reporting date: 2018-12-31).

1 Deferred income tax expense (benefit). See details »

2 Increase (decrease) in LIFO reserve. See details »