Balance Sheet: Liabilities and Stockholders’ Equity

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

US$ in thousands

	Dec 31, 2022	Dec 31, 2021	Dec 31, 2020	Dec 31, 2019	Dec 31, 2018
Accounts payable	970,558)	692,338)	580,058)	550,828)	502,314)
Payroll, compensation and benefits	293,865)	291,446)	237,342)	230,518)	180,546)
Advertising, promotion and product allowances	337,024)	305,050)	309,537)	279,440)	293,642)
Current operating lease liabilities	31,787)	36,292)	36,578)	29,209)	—)
Other	169,842)	222,850)	198,309)	163,205)	204,975)
Accrued liabilities	832,518)	855,638)	781,766)	702,372)	679,163)
Accrued income taxes	6,710)	3,070)	17,051)	19,921)	33,773)
Short-term debt	693,790)	939,423)	74,041)	32,282)	1,197,929)
Current portion of long-term debt	753,578)	2,844)	438,829)	703,390)	5,387)
Current liabilities	3,257,154)	2,493,313)	1,891,745)	2,008,793)	2,418,566)
Long-term portion of long-term debt	3,343,977)	4,086,627)	4,089,755)	3,530,813)	3,254,280)
Post-retirement benefits liabilities	147,174)	193,604)	223,507)	211,206)	195,166)
Pension benefits liabilities	27,696)	37,023)	70,727)	58,773)	66,379)
Non-current operating lease liabilities	294,849)	310,899)	181,871)	184,163)	—)
Other	250,023)	245,532)	207,329)	201,635)	184,503)
Other long-term liabilities	719,742)	787,058)	683,434)	655,777)	446,048)
Deferred income taxes	328,403)	288,004)	229,028)	200,018)	176,860)
Long-term liabilities	4,392,122)	5,161,689)	5,002,217)	4,386,608)	3,877,188)
Total liabilities	7,649,276)	7,655,002)	6,893,962)	6,395,401)	6,295,754)
Preferred stock, shares issued: none	—)	—)	—)	—)	—)
Common stock	163,439)	160,939)	160,939)	160,939)	299,287)
Class B common stock	58,114)	60,614)	60,614)	60,614)	60,614)
Additional paid-in capital	1,296,572)	1,260,331)	1,191,200)	1,142,210)	982,205)
Retained earnings	3,589,781)	2,719,936)	1,928,673)	1,290,461)	7,032,020)
Treasury, common stock shares, at cost	(1,556,029)	(1,195,376)	(768,992)	(591,036)	(6,618,625)
Accumulated other comprehensive loss	(252,333)	(249,215)	(338,082)	(323,966)	(356,780)
Total The Hershey Company stockholders’ equity	3,299,544)	2,757,229)	2,234,352)	1,739,222)	1,398,721)
Noncontrolling interest in subsidiary	—)	—)	3,531)	5,772)	8,545)
Total stockholders’ equity	3,299,544)	2,757,229)	2,237,883)	1,744,994)	1,407,266)
Total liabilities and stockholders’ equity	10,948,820)	10,412,231)	9,131,845)	8,140,395)	7,703,020)

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).

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Balance sheet item	Description	The company
Current liabilities	Total obligations incurred as part of normal operations that are expected to be paid during the following twelve months or within one business cycle, if longer.	Hershey Co. current liabilities increased from 2020 to 2021 and from 2021 to 2022.
Long-term liabilities	Amount of obligation due after one year or beyond the normal operating cycle, if longer.	Hershey Co. long-term liabilities increased from 2020 to 2021 but then decreased significantly from 2021 to 2022.
Total liabilities	Sum of the carrying amounts as of the balance sheet date of all liabilities that are recognized. Liabilities are probable future sacrifices of economic benefits arising from present obligations of an entity to transfer assets or provide services to other entities in the future.	Hershey Co. total liabilities increased from 2020 to 2021 but then slightly decreased from 2021 to 2022.
Total The Hershey Company stockholders’ equity	Total of all stockholders’ equity (deficit) items, net of receivables from officers, directors, owners, and affiliates of the entity which are attributable to the parent. The amount of the economic entity stockholders’ equity attributable to the parent excludes the amount of stockholders’ equity which is allocable to that ownership interest in subsidiary equity which is not attributable to the parent (noncontrolling interest, minority interest). This excludes temporary equity and is sometimes called permanent equity.	Hershey Co. total The Hershey Company stockholders’ equity increased from 2020 to 2021 and from 2021 to 2022.

Hershey Co. (NYSE:HSY)

Balance Sheet: Liabilities and Stockholders’ Equity