Hostess Brands, Inc. Income Statement

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Financial Statements

In millions of USD; shares in millions, except per-share amounts

	FY2022 12 months to Dec 31, 2022	FY2021 12 months to Dec 31, 2021	FY2020 12 months to Dec 31, 2020	FY2019 12 months to Dec 31, 2019	FY2018 12 months to Dec 31, 2018
Net revenue
Cost of goods sold
Gross profit
Operating costs and expenses:
Advertising and marketing
Selling
General and administrative
Amortization of customer relationships
Business combination transaction costs
Related party expenses
Tax receivable agreement remeasurement
Gain on foreign currency contract
Other operating expense
Total operating costs and expenses

Operating income
Other (income) expense:
Interest expense, net
Gain on buyout of tax receivable agreement
Change in fair value of warrant liabilities
Other expense (income)
Total other expense
Income before income taxes
Income tax expense
Net income
Less: Net income attributable to the non-controlling interest
Net income attributable to Class A stockholders
Earnings per Class A share:
Basic (usd per share)
Diluted (usd per share)
Weighted-average shares outstanding:
Basic (shares)
Diluted (shares)

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