Hershey Foods Corp (HSY)
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Fiscal Year End Date: 12/31
(Values in U.S. thousands)
| 12-2023 | 12-2022 | 12-2021 | 12-2020 | 12-2019 | |
| Cash Flows From Operating Activities | |||||
| Net Income | 1,861,787 | 1,644,817 | 1,482,819 | 1,275,413 | 1,146,752 |
| Depreciation Amortization | 419,815 | 378,959 | 315,002 | 294,907 | 291,544 |
| Income taxes - deferred | 16,233 | 36,889 | 13,374 | 26,880 | -15,072 |
| Accounts receivable | -102,080 | -38,165 | -14,642 | -55,537 | 40,252 |
| Accounts payable and accrued liabilities | 50,234 | 216,479 | 39,732 | 41,470 | 41,101 |
| Other Working Capital | -341,856 | -29,376 | 46,306 | -191,648 | 88,516 |
| Other Operating Activity | 419,057 | 118,234 | 200,293 | 308,172 | 170,780 |
| Operating Cash Flow | $2,323,190 | $2,327,837 | $2,082,884 | $1,699,657 | $1,763,873 |
| Cash Flows From Investing Activities | |||||
| PPE Investments | -771,109 | -519,481 | -495,877 | -441,626 | -318,192 |
| Net Acquisitions | -165,818 | N/A | -1,601,073 | N/A | -402,160 |
| Purchase Of Investment | -256,815 | -275,534 | -128,417 | -87,211 | -80,230 |
| Other Investing Activity | -4,934 | 7,639 | 2,539 | -2,443 | 20,102 |
| Investing Cash Flow | $-1,198,676 | $-787,376 | $-2,222,828 | $-531,280 | $-780,480 |
| Cash Flows From Financing Activities | |||||
| Change In Short Term Borrowing | 26,049 | -245,633 | 869,030 | 41,759 | -1,168,205 |
| Debt Issued | 744,092 | 0 | 0 | 989,876 | 989,618 |
| Debt Repayment | -755,414 | -4,741 | -439,444 | -704,467 | -6,151 |
| Common Stock Issued | 26,015 | 34,158 | 49,821 | 46,372 | 240,806 |
| Common Stock Repurchased | -264,913 | -388,964 | -457,946 | -211,196 | -527,211 |
| Dividend Paid | -889,071 | -775,030 | -685,987 | -640,732 | -610,312 |
| Other Financing Activity | -35,009 | -35,515 | -16,610 | -20,840 | 0 |
| Financing Cash Flow | $-1,148,251 | $-1,415,725 | $-681,136 | $-499,228 | $-1,081,455 |
| Exchange Rate Effect | -38,250 | 9,887 | -5,075 | -6,990 | 3,326 |
| Beginning Cash Position | 463,889 | 329,266 | 1,143,987 | 493,262 | 587,998 |
| End Cash Position | 401,902 | 463,889 | 329,266 | 1,143,987 | 493,262 |
| Net Cash Flow | $-61,987 | $134,623 | $-814,721 | $650,725 | $-94,736 |
| Free Cash Flow | |||||
| Operating Cash Flow | 2,323,190 | 2,327,837 | 2,082,884 | 1,699,657 | 1,763,873 |
| Capital Expenditure | -771,109 | -519,481 | -495,877 | -441,626 | -318,192 |
| Free Cash Flow | 1,552,081 | 1,808,356 | 1,587,007 | 1,258,031 | 1,445,681 |