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As Of Filer Filing For·On·As Docs:Size 5/25/18 Hershey Co 8-K:8,9 5/25/18 136:17M |
Document/Exhibit Description Pages Size 1: 8-K Form 8-K Dated May 25, 2018 HTML 75K 2: EX-23.1 Exhibit 23.1 - Consent of Ernst & Young LLP HTML 43K 3: EX-23.2 Exhibit 23.2 - Consent of Kpmg LLP HTML 43K 4: EX-99.1 Exhibit 99.1 - Part Ii, Item 6 of the Hershey HTML 85K Company's 2017 Form 10-K 5: EX-99.2 Exhibit 99.2 - Part Ii, Item 7 of the Hershey HTML 326K Company's 2017 Form 10-K 6: EX-99.3 Exhibit 99.3 - Part Ii, Item 8 of the Hershey HTML 849K Company's 2017 Form 10-K 13: R1 Document and Entity Information HTML 72K 14: R2 Consolidated Statements of Income HTML 108K 15: R3 Consolidated Statements of Comprehensive Income HTML 115K 16: R4 Consolidated Balance Sheets HTML 134K 17: R5 Consolidated Balance Sheets (Parenthetical) HTML 49K 18: R6 Consolidated Statements of Cash Flows HTML 145K 19: R7 Consolidated Statements of Stockholders' Equity HTML 97K 20: R8 Consolidated Statements of Stockholders' Equity HTML 47K (Parenthetical) 21: R9 Summary of Significant Accounting Policies HTML 105K 22: R10 Business Acquisitions and Divestitures HTML 64K 23: R11 Goodwill and Intangible Assets HTML 112K 24: R12 Short and Long-Term Debt HTML 97K 25: R13 Derivative Instruments HTML 134K 26: R14 Fair Value Measurements Fair Value Measurements HTML 120K 27: R15 Business Realignment Activities HTML 110K 28: R16 Income Taxes HTML 180K 29: R17 Pension and Other Post-Retirement Benefit Plans HTML 382K 30: R18 Stock Compensation Plans HTML 139K 31: R19 Segment Information HTML 135K 32: R20 Equity and Noncontrolling Interest HTML 78K 33: R21 Commitments and Contingencies HTML 71K 34: R22 Earnings Per Share HTML 154K 35: R23 Other (Income) Expense, Net Other (Income) HTML 59K Expense, Net 36: R24 Supplemental Balance Sheet Information HTML 107K 37: R25 Quarterly Data (Unaudited) HTML 124K 38: R26 Subsequent Events Subsequent Events HTML 48K 39: R27 Schedule Ii - Valuation and Qualifying Accounts HTML 127K 40: R28 Summary of Significant Accounting Policies HTML 159K (Policies) 41: R29 Summary of Significant Accounting Policies HTML 58K (Tables) 42: R30 Business Acquisitions and Divestitures (Tables) HTML 57K 43: R31 Goodwill and Intangible Assets (Tables) HTML 107K 44: R32 Short and Long-Term Debt (Tables) HTML 94K 45: R33 Derivative Instruments (Tables) HTML 124K 46: R34 Fair Value Measurements Fair Value Measurements HTML 118K (Tables) 47: R35 Business Realignment Activities (Tables) HTML 101K 48: R36 Income Taxes (Tables) HTML 176K 49: R37 Pension and Other Post-Retirement Benefit Plans HTML 384K (Tables) 50: R38 Stock Compensation Plans (Tables) HTML 138K 51: R39 Segment Information (Tables) HTML 138K 52: R40 Equity and Noncontrolling Interest (Tables) HTML 73K 53: R41 Commitments and Contingencies (Tables) HTML 84K 54: R42 Earnings Per Share (Tables) HTML 153K 55: R43 Other (Income) Expense, Net Other (Income) HTML 59K Expense, Net (Tables) 56: R44 Supplemental Balance Sheet Information (Tables) HTML 107K 57: R45 Quarterly Data (Tables) HTML 124K 58: R46 Summary of Significant Accounting Policies - HTML 45K Description of Business and Basis of Presentation (Details) 59: R47 Summary of Significant Accounting Policies - HTML 45K Revenue Recognition (Details) 60: R48 Summary of Significant Accounting Policies - HTML 50K Selling, Marketing and Administrative Expense (Details) 61: R49 Summary of Significant Accounting Policies - HTML 52K Accounts Receivable - Trade (Details) 62: R50 Summary of Significant Accounting Policies - HTML 44K Inventories (Details) 63: R51 Summary of Significant Accounting Policies - HTML 56K Property, Plant and Equipment (Details) 64: R52 Summary of Significant Accounting Policies - HTML 53K Computer Software (Details) 65: R53 Summary of Significant Accounting Policies - HTML 47K Goodwill and Other Intangible Assets (Details) 66: R54 Summary of Significant Accounting Policies - HTML 65K Recent Accounting Pronouncements (Details) 67: R55 Business Acquisitions and Divestitures - Ripple HTML 64K Brand Collective, Llc Assets Acquired and Liabilities Assumed Allocation (Details) 68: R56 Business Acquisitions and Divestitures - Ripple HTML 49K Brand Collective, Llc Narrative (Details) 69: R57 Business Acquisitions and Divestitures - Shanghai HTML 54K Golden Monkey Narrative (Details) 70: R58 Business Acquisitions and Divestitures - Krave HTML 55K Pure Foods Narrative (Details) 71: R59 Business Acquisitions and Divestitures - Krave HTML 66K Pure Foods Assets Acquired and Liabilities Assumed Allocation (Details) 72: R60 Business Acquisitions and Divestitures - Mauna Loa HTML 51K Narrative (Details) 73: R61 Goodwill and Intangible Assets - Schedule of HTML 65K Changes in Carrying Value of Goodwill by Reportable Segment (Details) 74: R62 Goodwill and Intangible Assets - Goodwill and HTML 74K Intangible Assets Narrative (Details) 75: R63 Goodwill and Intangible Assets - Schedule of Gross HTML 59K Carrying Amount and Accumulated Amortization for Each Major Class of Intangible Asset (Details) 76: R64 Goodwill and Intangible Assets - Schedule of HTML 52K Amortization Expense, for the Next Five Years (Details) 77: R65 Short and Long-Term Debt - Short-Term Debt HTML 66K Narrative (Details) 78: R66 Short and Long-Term Debt - Schedule of Long-Term HTML 70K Debt Instruments (Details) 79: R67 Short and Long-Term Debt - Long Term Debt Interest HTML 69K Rates (Details) 80: R68 Short and Long-Term Debt - Long Term Debt HTML 83K Narrative (Details) 81: R69 Short and Long-Term Debt - Schedule of Maturities HTML 56K of Long-Term Debt (Details) 82: R70 Short and Long-Term Debt - Schedule of Net HTML 54K Interest Expense (Details) 83: R71 Derivative Instruments - Derivative Instruments HTML 80K Narrative (Details) 84: R72 Derivative Instruments - Schedule of the HTML 70K Classification of Derivative Assets and Liabilities Within the Consolidated Balance Sheets (Details) 85: R73 Derivative Instruments - Schedule of the Effect of HTML 66K Derivative Instruments on the Consolidated Statements of Income (Details) 86: R74 Fair Value Measurements - Schedule of Assets and HTML 81K Liabilities Measured at Fair Value (Details) 87: R75 Fair Value Measurements - Schedule of Fair Values HTML 57K and Carrying Values of Long-Term Debt (Details) 88: R76 Fair Value Measurements - Fair Value Measurements HTML 52K Narrative (Details) 89: R77 Business Realignment Activities - Schedule of HTML 79K Business Realignment Activity (Details) 90: R78 Business Realignment Activities - Business HTML 127K Realignment Activities Narrative (Details) 91: R79 Business Realignment Activities - Schedule of HTML 50K Liability Activity for Costs Qualifying as Exit and Disposal Costs (Details) 92: R80 Income Taxes - Schedule of Income (Loss) Before HTML 48K Taxes (Details) 93: R81 Income Taxes - Schedule of Components of Income HTML 68K Tax Expense (Benefit) (Details) 94: R82 Income Taxes - Income Taxes Narrative (Details) HTML 65K 95: R83 Income Taxes - Schedule of Deferred Tax Asset and HTML 104K Liabilities (Details) 96: R84 Income Taxes - Schedule of Effective Income Tax HTML 68K Rate Reconciliation (Details) 97: R85 Income Taxes - Schedule of Unrecognized Tax HTML 54K Benefits Roll Forward (Details) 98: R86 Pension and Other Post-Retirement Benefit Plans - HTML 76K Pension and Other Post-Retirement Benefit Plans Narrative (Details) 99: R87 Pension and Other Post-Retirement Benefit Plans - HTML 124K Schedule of Defined Benefit Obligations, Plan Assets and Funded Status (Details) 100: R88 Pension and Other Post-Retirement Benefit Plans - HTML 47K Schedule of Accumulated Benefit Obligations in Excess of Plan Assets (Details) 101: R89 Pension and Other Post-Retirement Benefit Plans - HTML 82K Schedule of Components of Net Periodic Benefit Cost (Details) 102: R90 Pension and Other Post-Retirement Benefit Plans - HTML 49K Schedule of Amounts Expected to Be Amortized From Aoci Into Net Periodic Benefit (Details) 103: R91 Pension and Other Post-Retirement Benefit Plans - HTML 49K Schedule of Weighted Average Assumptions Used in Computing Benefit Obligations (Details) 104: R92 Pension and Other Post-Retirement Benefit Plans - HTML 52K Schedule of Weighted Average Assumptions Used in Computing Net Periodic Benefit Cost (Details) 105: R93 Pension and Other Post-Retirement Benefit Plans - HTML 49K Schedule of Effect of One Percent Change in Assumed Health Care Trend Rates (Details) 106: R94 Pension and Other Post-Retirement Benefit Plans - HTML 51K Schedule of Plan Assets Across Asset Classes (Details) 107: R95 Pension and Other Post-Retirement Benefit Plans - HTML 116K Schedule of Pension Plan Assets Within the Fair Value Hierarchy (Details) 108: R96 Pension and Other Post-Retirement Benefit Plans - HTML 58K Schedule of Expected Benefit Payments to Be Paid (Details) 109: R97 Stock Compensation Plans - Stock Compensation HTML 82K Plans Narrative (Details) 110: R98 Stock Compensation Plans - Schedule of HTML 46K Compensation Expense and Income Tax Benefits for Stock-Based Compensation Programs (Details) 111: R99 Stock Compensation Plans - Schedule of Stock HTML 78K Option Activity (Details) 112: R100 Stock Compensation Plans - Schedule of Fair Value HTML 50K Weighted-Average Assumptions (Details) 113: R101 Stock Compensation Plans - Schedule of Stock HTML 75K Option Information by Exercise Price Range (Details) 114: R102 STOCK COMPENSATION PLANS - SCHEDULE OF PSUs AND HTML 71K RSUs ACTIVITY (Details) 115: R103 STOCK COMPENSATION PLANS - SCHEDULE OF PSUs AND HTML 55K RSUS FAIR VALUE WEIGHTED-AVERAGE ASSUMPTIONS (Details) 116: R104 Segment Information Narrative (Details) HTML 59K 117: R105 Schedule of Net Sales and Earnings by Segment HTML 86K (Details) 118: R106 Segment Information - Schedule of Unallocated HTML 53K Mark-To-Market (Gains) Losses on Commodity Derivatives (Details) 119: R107 Schedule of Depreciation and Amortization Expense HTML 52K Included Within Segment Income (Details) 120: R108 Schedule of Segment Information by Geography HTML 56K (Details) 121: R109 Equity and Noncontrolling Interest - Equity and HTML 97K Noncontrolling Interest Narrative (Details) 122: R110 Equity and Noncontrolling Interest - Schedule of HTML 64K the Changes in the Outstanding Shares of Commmon Stock (Details) 123: R111 Equity and Noncontrolling Interest - Schedule of HTML 53K Activity Relating to the Noncontrolling Interest (Details) 124: R112 Commitments and Contingencies - Schedule of HTML 53K Purchase Obligations Covered by Putchase Agreements With Various Suppliers Future Maturty Schedule (Details) 125: R113 Commitments and Contingencies - Schedule of HTML 74K Operating and Capital Lease Obligations (Details) 126: R114 Commitments and Contingencies - Commitments and HTML 51K Contingencies Narrative (Details) 127: R115 Schedule of Basic and Diluted Earnings Per Share HTML 105K (Details) 128: R116 Earnings Per Share - Earnings Per Share Narrative HTML 45K (Details) 129: R117 Other (Income) Expense, Net - Schedule of Other HTML 61K (Income) and Expense, Net (Details) 130: R118 Schedule of Supplemental Balance Sheet Information HTML 129K (Details) 131: R119 Schedule of Quarterly Financial Information HTML 72K (Details) 132: R120 Subsequent Events Subsequent Events (Details) HTML 93K 133: R121 Schedule Ii - Valuation and Qualifying Accounts HTML 62K (Details) 135: XML IDEA XML File -- Filing Summary XML 262K 134: EXCEL IDEA Workbook of Financial Reports XLSX 173K 7: EX-101.INS XBRL Instance -- hsy-20180525 XML 5.93M 9: EX-101.CAL XBRL Calculations -- hsy-20180525_cal XML 399K 10: EX-101.DEF XBRL Definitions -- hsy-20180525_def XML 1.61M 11: EX-101.LAB XBRL Labels -- hsy-20180525_lab XML 2.77M 12: EX-101.PRE XBRL Presentations -- hsy-20180525_pre XML 2.07M 8: EX-101.SCH XBRL Schema -- hsy-20180525 XSD 263K 136: ZIP XBRL Zipped Folder -- 0000047111-18-000029-xbrl Zip 475K
Exhibit |
2017 | 2016 | 2015 | 2014 | 2013 | ||||||||||||
Summary
of Operations | ||||||||||||||||
Net Sales | $ | 7,515,426 | 7,440,181 | 7,386,626 | 7,421,768 | 7,146,079 | ||||||||||
Cost
of Sales (1) | $ | 4,060,050 | 4,270,642 | 4,000,071 | 4,085,602 | 3,865,231 | ||||||||||
Selling,
Marketing and Administrative (1) | $ | 1,885,492 | 1,891,305 | 1,945,361 | 1,900,970 | 1,922,508 | ||||||||||
Goodwill,
Indefinite and Long-Lived Asset Impairment Charges | $ | 208,712 | 4,204 | 280,802 | 15,900 | — | ||||||||||
Business
Realignment Costs (1) | $ | 47,763 | 18.857 | 84.628 | 29,721 | 18,665 | ||||||||||
Interest
Expense, Net | $ | 98,282 | 90,143 | 105,773 | 83,532 | 88,356 | ||||||||||
Provision
for Income Taxes | $ | 354,131 | 379,437 | 388,896 | 459,131 | 430,849 | ||||||||||
Net
Income Attributable to The Hershey Company | $ | 782,981 | 720,044 | 512,951 | 846,912 | 820,470 | ||||||||||
Net
Income Per Share: | ||||||||||||||||
—Basic—Common Stock | $ | 3.79 | 3.45 | 2.40 | 3.91 | 3.76 | ||||||||||
—Diluted—Common
Stock | $ | 3.66 | 3.34 | 2.32 | 3.77 | 3.61 | ||||||||||
—Basic—Class
B Stock | $ | 3.44 | 3.15 | 2.19 | 3.54 | 3.39 | ||||||||||
—Diluted—Class
B Stock | $ | 3.44 | 3.14 | 2.19 | 3.52 | 3.37 | ||||||||||
Weighted-Average
Shares Outstanding: | ||||||||||||||||
—Basic—Common Stock | 151,625 | 153,519 | 158,471 | 161,935 | 163,549 | |||||||||||
—Basic—Class
B Stock | 60,620 | 60,620 | 60,620 | 60,620 | 60,627 | |||||||||||
—Diluted—Common
Stock | 213,742 | 215,304 | 220,651 | 224,837 | 227,203 | |||||||||||
Dividends
Paid on Common Stock | $ | 387,466 | 369.292 | 352,953 | 328,752 | 294,979 | ||||||||||
Per
Share | $ | 2.548 | 2.402 | 2.236 | 2.040 | 1.810 | ||||||||||
Dividends
Paid on Class B Stock | $ | 140,394 | 132,394 | 123,179 | 111,662 | 98,822 | ||||||||||
Per
Share | $ | 2.316 | 2.184 | 2.032 | 1.842 | 1.630 | ||||||||||
Depreciation | $ | 211,592 | 231,735 | 197,054 | 176,312 | 166,544 | ||||||||||
Amortization | $ | 50,261 | 70,102 | 47,874 | 35,220 | 34,489 | ||||||||||
Advertising | $ | 541,293 | 521,479 | 561,644 | 570,223 | 582,354 | ||||||||||
Year-End
Position and Statistics | ||||||||||||||||
Capital Additions (including software) | $ | 257,675 | 269,476 | 356,810 | 370,789 | 350,911 | ||||||||||
Total
Assets | $ | 5,553,726 | 5,524,333 | 5,344,371 | 5,622,870 | 5,349,724 | ||||||||||
Short-term
Debt and Current Portion of Long-term Debt | $ | 859,457 | 632,714 | 863,436 | 635,501 | 166,875 | ||||||||||
Long-term
Portion of Debt | $ | 2,061,023 | 2,347,455 | 1,557,091 | 1,542,317 | 1,787,378 | ||||||||||
Stockholders’
Equity | $ | 931,565 | 827,687 | 1,047,462 | 1,519,530 | 1,616,052 | ||||||||||
Full-time
Employees | 15,360 | 16,300 | 19,060 | 20,800 | 12,600 | |||||||||||
Stockholders’
Data | ||||||||||||||||
Outstanding Shares of Common Stock and Class B Stock at Year-end | 210,861 | 212,260 | 216,777 | 221,045 | 223,895 | |||||||||||
Market
Price of Common Stock at Year-end | $ | 113.51 | 103.43 | 89.27 | 103.93 | 97.23 | ||||||||||
Price
Range During Year (high) | $ | 115.96 | 113.89 | 110.78 | 108.07 | 100.90 | ||||||||||
Price
Range During Year (low) | $ | 102.87 | 83.32 | 83.58 | 88.15 | 73.51 |
(1) | In
accordance with ASU No. 2017-07, the non-service cost components of net periodic benefit cost relating to the Company's pension and other post retirement benefit plans have been reclassified to the Other (income) expense, net caption for the years ended December 31, 2017, 2016 and 2015. Other (income) expense, net is not presented above. |
This ‘8-K’ Filing | Date | Other Filings | ||
---|---|---|---|---|
Filed on / For Period end: | 5/25/18 | |||
4/1/18 | 10-Q, 4 | |||
12/31/17 | 10-K, 5, SD | |||
12/31/16 | 10-K, 5, SD | |||
12/31/15 | 10-K, 5, SD | |||
List all Filings |