Based on the information in these financial and the accompanying notes and schedules, compute the following values for each company in 2011
THE HERSHEY COMPANY
CONSOLIDATED BALANCE SHEETS
|
December 31,
|
2010
|
|
In thousands of dollars ASSETS 2011
|
|
Current Assets:
|
|
|
|
Cash and cash equivalents
|
$693,686
|
$884,642
|
|
Accounts receivable-trade
|
399,499
|
390,061
|
|
Inventories
|
648,953
|
533,622
|
|
Deferred income taxes
|
136,861
|
55,760
|
|
Prepaid expenses and other
|
167,559
|
141,132
|
|
Total current assets
|
2,046,558
|
2,005,217
|
|
Property, Plant and Equipment, Net
|
1,559,717
|
1,437,702
|
|
Goodwill
|
516,745
|
524,134
|
|
Other Intangibles
|
111,913
|
123,080
|
|
Deferred Income Taxes
|
38,544
|
21,387
|
|
Other Assets
|
138,722
|
161,212
|
|
Total assets
|
$4,412,199
|
$4,272,732
|
Liabilities and stockholderenquity
|
Current Liabilities:
|
|
|
|
Accounts payable
|
$420,017
|
5410,655
|
|
Accrued liabilities
|
612,186
|
593,308
|
|
Accrued income taxes
|
1,899
|
9,402
|
|
Short-term debt
|
42,080
|
24,088
|
|
Current portion of long-term debt
|
97,593
|
261,392
|
|
Total current liabilities
|
1,173,775
|
1,298,845
|
|
Long-term Debt
|
1,748,500
|
1,541,825
|
|
Other Long-term Liabilities
|
617,276
|
494,461
|
|
Total liabilities
|
3,539,551
|
3,335,131
|
|
Commitments and Contingencies
|
|
|
|
Stockholders' Equity:
|
|
|
|
The Hershey Company Stockholders' Equity
|
|
|
|
Preferred Stock, shares issued: none in 2011 and 2010
|
|
|
|
Common Stock, shares issued: 299,269,702 in 2011 and 299,195,325 in 2010
|
299,269
|
299,195
|
|
Class B Common Stock, shares issued: 60,632,042 in 2011 and 60,706,419 in 2010
|
60,632
|
60,706
|
|
Additional paid-in capital
|
490,817
|
434,865
|
|
Retained earnings
|
4,699,597
|
4,374,718
|
|
Treasury-Common Stock shares, at cost: 134,695,826 in 2011 and 132,871,512 in 2010
|
(4,258,962)
|
(4,052,101)
|
|
Accumulated other comprehensive loss
|
(442,3311
|
(215,067)
|
|
The Hershey Company stockholders' equity
|
849,022
|
902,316
|
|
Noncontrolling interests in subsidiaries
|
23,626
|
35,285
|
|
Total stockholders' equity
|
872,648
|
937,601
|
|
Total liabilities and stodcholders'equity
|
$4,412,199
|
$4,272,732
|
THE HERSHEY COMPANY
CONSOLIDATED STATEMENTS OF CASH FLOWS
|
For the years ended December 31, a
|
2011
|
2010
|
2009
|
|
In thousands of dollars
|
|
Cash Flows Provided from (Used by) Operating Activities
|
|
|
|
|
Net .ncome
|
$628,962
|
5509,799
|
5435,994
|
|
Adjustments to reconcile net income to net cash provided from operations:
|
|
|
|
|
Depreciation and amortization
|
215,763
|
197,116
|
182,411
|
|
Stock-based compensation expense, net of tax of $15,127, 517,413 and $19,223, respectively
|
28,341
|
32,055
|
34,927
|
|
Excess tax benefits from stock-based compensation
|
(13,997)
|
(1,385)
|
(4,455)
|
|
Deferred income taxes
|
33,611
|
(18,654)
|
(40,578)
|
|
Gain on sale of trademark licensing rights, net of tax of $5,962
|
(11,072)
|
|
|
|
Business realignment and impairment charges, net of tax of $18,333, $20,635 and 538,308, respectively
|
30,838
|
77,935
|
60,823
|
|
Contributions to pension plans
|
(8,861)
|
(6,073)
|
(54,457)
|
|
Changes in assets and liabilities, net of effects from business acquisitions and divestitures:
|
|
|
|
|
Accounts receivable-trade
|
(9,438)
|
20,329
|
46,584
|
|
Inventories
|
(115,331)
|
(13,910)
|
74,000
|
|
Accounts payable
|
7,860
|
90,434
|
37,228
|
|
Other assets and liabilities
|
(205,809)
|
13,777
|
293,272
|
|
Net Cash Provided from Operating Activities
|
580,867
|
901,423
|
1,065,749
|
|
Cash Flows Provided from (Used by) Investing Activities
|
|
|
|
|
Capital additions
|
(323,961)
|
(179,538)
|
(126,324)
|
|
Capitalized software additions
|
(23,606)
|
(21,949)
|
(19,146)
|
|
Proceeds from sales of property, plant and equipment
|
312
|
2,201
|
10,364
|
|
Proceeds from sales of trademark licensing rights
|
20,000
|
|
|
|
Business acquisitions
|
(5,750)
|
|
(15,220)
|
|
Net Cash (Used by) Investing Activities
|
(333,005)
|
(199,286)
|
(150,326)
|
|
Cash Flows Provided from (Used by) Financing Activities
|
|
|
|
|
Net change in short-term borrowings
|
10,834
|
1,156
|
(458,047)
|
|
Long-term borrowings
|
249,126
|
48,208
|
-
|
|
Repayment of long-term debt
|
(256,189)
|
(71,548)
|
(8,252)
|
|
Proceeds from lease financing agreement
|
47,601
|
|
-
|
|
Cash dividends paid
|
(304,083)
|
283,434)
|
(263,403)
|
|
Exercise of stock options
|
184,411
|
92,033
|
28,318
|
|
Excess tax benefits from stock-based compensation
|
13,997
|
1,385
|
4,455
|
|
Contributions from noncontrolling interests in subsidiaries
|
-
|
10,199
|
7,322
|
|
Repurchase of Common Stock
|
(384,515)
|
169,099
|
(9,314)
|
|
Net Cash (Used by) Financing Activities
|
(438,818)
|
71,100
|
(698,921)
|
|
(Decrease) Increase in Cash and Cash Equivalents
|
(190,956)
|
631,037
|
216,502
|
|
Cash and Cash Equivalents as of January 1
|
884,642
|
253,605
|
37,103
|
|
Cash and Cash Equivalents as of December 31
|
$693,686
|
$884,642
|
$253,605
|
|
Interest Paid
|
597,892
|
597,932
|
591,623
|
|
Income Taxes Paid
|
292,315
|
350,948
|
252,230
|
TOOTSIE ROLL INDUSTRIES, INC. AND SUBSIDIARIES
CONSOLIDATED STATEMENTS OF
|
Earnings, comprehensive Earnings and Retained earnings(in thousands expert per share data)
|
|
|
|
the year ended December 31,
|
|
2011
|
2010
|
2009 |
|
Net product sales
|
$528,369
|
5517,149
|
5495,592
|
|
Rental and royalty revenue
|
4.136
|
4,299
|
3,739
|
|
Total revenue
|
532,505
|
521,448
|
499,331
|
|
Product cost of goods sold
|
365,225
|
349,334
|
319,775
|
|
Rental and royalty cost
|
1,038
|
1,088
|
852
|
|
Total costs
|
366.263
|
350,422
|
320,627
|
|
Product gross margin
|
163,144
|
167,815
|
175,817
|
|
Rental and royalty gross margin
|
3,098
|
3,211
|
2,887
|
|
Total gross margin
|
166.242
|
171,026
|
178,704
|
|
Selling, marketing and administrative expenses
|
108,276
|
106,316
|
103,755
|
|
Impairment charges
|
|
|
14,000
|
|
Earnings from operations
|
57,966
|
64,710
|
60,949
|
|
Other income (expense), net
|
2,946
|
8,358
|
2,100
|
|
Earnings before income taxes
|
60.912
|
73,068
|
63,049
|
|
Provision for income taxes
|
16,974
|
20,005
|
9,892
|
|
Net earnings
|
$43,938
|
553,063
|
$53,157
|
|
Net earnings
|
$43,938
|
$53,063
|
$53,157
|
|
Other comprehensive earnings (loss)
|
(8,740)
|
1,183
|
2,845
|
|
Comprehensive earnings
|
$35,198
|
$54,246
|
556,002
|
|
Retained earnings at beginning of year.
|
$135,866
|
$147,687
|
$144,949
|
|
Net earnings
|
43,938
|
53,063
|
53,157
|
|
Cash dividends
|
(18,360)
|
(18,078)
|
(17,790)
|
|
Stock dividends
|
(47,175)
|
(46,806)
|
(32,629)
|
|
Retained earnings at end of year
|
$114,269
|
$135,866
|
$147,687
|