For the year ending 2025-12-31, HSY had $195,113K increase in cash & cash equivalents over the period. $1,822,745K in free cash flow.
| Cash Flow | 2025-12-31 | 2024-12-31 | 2023-12-31 | 2022-12-31 |
|---|---|---|---|---|
| Net income including noncontrolling interest | - | - | 1,861,787 | 1,644,817 |
| Net income | 883,259 | 2,221,239 | - | - |
| Depreciation and amortization | 503,701 | 455,255 | 419,815 | 378,959 |
| Stock-based compensation expense | 65,460 | 44,414 | 81,021 | 65,991 |
| Deferred income taxes | 122,293 | 73,235 | 16,233 | 36,889 |
| Impairment of long-lived assets (see note 6) | - | - | - | 0 |
| Goodwill impairment charges | 6,403 | - | - | - |
| Write-down of equity investments | 24,483 | 243,311 | 210,484 | 188,286 |
| Unrealized losses (gains) on derivative contracts | -530,445 | 513,800 | - | - |
| Other | 101,227 | 76,604 | 103,287 | 120,818 |
| Accounts receivabletrade, net | -98,968 | -4,456 | 102,080 | 38,165 |
| Inventories | 133,320 | -68,831 | 157,153 | 186,963 |
| Prepaid expenses and other current assets | 153,534 | 89,809 | 22,444 | 14,507 |
| Accounts payable and accrued liabilities | 163,495 | 28,901 | 50,234 | 216,479 |
| Accrued income taxes | 82,195 | -17,093 | -32,481 | 5,005 |
| Contributions to pension and other benefit plans | 15,667 | 15,599 | 27,581 | 78,547 |
| Other assets and liabilities | 2,041 | 48,349 | 77,932 | 11,225 |
| Net cash provided by operating activities | 2,277,367 | 2,531,596 | 2,323,190 | 2,327,837 |
| Capital additions (including software) | 454,622 | 605,942 | 771,109 | 519,481 |
| Equity investments in tax credit qualifying partnerships | - | 285,499 | 256,815 | 275,534 |
| Receipts (payments) related to equity investments in tax credit qualifying partnerships | -11,878 | - | - | - |
| Business acquisitions, net of cash and cash equivalents acquired | 756,135 | 75,500 | 165,818 | 0 |
| Purchase of intangible assets | 73,597 | - | - | - |
| Other investing activities | 6,241 | -6,627 | 4,934 | -7,639 |
| Net cash used in investing activities | -1,278,717 | -960,314 | -1,198,676 | -787,376 |
| Net (decrease) increase in short-term debt | -1,098,731 | 607,006 | 26,049 | -245,633 |
| Long-term borrowings, net of debt issuance costs | 1,984,545 | 0 | 744,092 | 0 |
| Repayment of long-term debt and finance leases | 606,393 | 306,359 | 755,414 | 4,741 |
| Cash dividends paid | 1,085,296 | 1,084,802 | 889,071 | 775,030 |
| Repurchase of common stock | 0 | 494,191 | 264,913 | 388,964 |
| Exercise of stock options | 21,297 | 14,663 | 26,015 | 34,158 |
| Payment, tax withholding, share-based payment arrangement | 18,779 | 32,818 | 35,009 | 35,515 |
| Net cash used in financing activities | -803,357 | -1,296,501 | -1,148,251 | -1,415,725 |
| Effect of exchange rate changes on cash and cash equivalents | -180 | 54,063 | -38,250 | 9,887 |
| (decrease) increase in cash and cash equivalents, including cash classified as held for sale | - | - | -61,987 | 134,623 |
| Less decrease in cash and cash equivalents classified as held for sale | - | - | 0 | 0 |
| Net (decrease) increase in cash and cash equivalents | 195,113 | 328,844 | -61,987 | 134,623 |
| Cash and cash equivalents at beginning of period | 730,746 | 401,902 | 463,889 | 329,266 |
| Cash and cash equivalents at end of period | 925,859 | 730,746 | 401,902 | 463,889 |
HERSHEY CO (HSY)
HERSHEY CO (HSY)