2019 Q2 Form 10-Q Financial Statement

#000004711119000036 Filed on July 25, 2019

View on sec.gov

Income Statement

Concept 2019 Q2 2018 Q4 2018 Q3
Revenue $1.767B $1.988B $2.080B
YoY Change -10.38% 2.49% 25.05%
Cost Of Revenue $892.5M $1.046B $1.216B
YoY Change -10.56% -4.03% 35.55%
Gross Profit $874.7M $944.4M $863.5M
YoY Change -10.2% 12.79% 12.75%
Gross Profit Margin 49.5% 47.5% 41.52%
Selling, General & Admin $453.8M $476.8M $453.9M
YoY Change -6.5% -0.14% 2.38%
% of Gross Profit 51.88% 50.49% 52.57%
Research & Development
YoY Change
% of Gross Profit
Depreciation & Amortization $72.02M $69.30M $74.81M
YoY Change -3.22% 11.35% 11.44%
% of Gross Profit 8.23% 7.34% 8.66%
Operating Expenses $453.8M $476.9M $453.9M
YoY Change -6.5% -0.12% 2.38%
Operating Profit $410.1M $467.5M $406.3M
YoY Change -14.66% 1.3% 26.76%
Interest Expense $37.80M -$42.50M $38.74M
YoY Change 19.8% -270.53% 58.59%
% of Operating Profit 9.22% -9.09% 9.53%
Other Income/Expense, Net -$13.13M -$12.30M -$12.49M
YoY Change 575.85% -65.9% -18.07%
Pretax Income $363.2M $344.0M $356.9M
YoY Change -19.16% -14.17% 26.94%
Income Tax $49.90M $20.20M $91.44M
% Of Pretax Income 13.74% 5.87% 25.62%
Net Earnings $312.8M $336.8M $263.7M
YoY Change -10.67% 85.94% 29.59%
Net Earnings / Revenue 17.7% 16.94% 12.68%
Basic Earnings Per Share
Diluted Earnings Per Share $1.484M $1.596M $1.078M
COMMON SHARES
Basic Shares Outstanding
Diluted Shares Outstanding

Balance Sheet

Concept 2019 Q2 2018 Q4 2018 Q3
SHORT-TERM ASSETS
Cash & Short-Term Investments $366.0M $588.0M $467.4M
YoY Change -23.17% 113.74% 118.31%
Cash & Equivalents $366.0M $588.0M $467.4M
Short-Term Investments
Other Short-Term Assets $154.6M $180.2M $185.7M
YoY Change 16.12% 37.83% -45.94%
Inventory $958.0M $784.9M $880.7M
Prepaid Expenses
Receivables $538.7M $594.1M $814.9M
Other Receivables $0.00 $0.00 $0.00
Total Short-Term Assets $2.094B $2.239B $2.794B
YoY Change -7.79% 11.85% 46.17%
LONG-TERM ASSETS
Property, Plant & Equipment $2.107B $2.130B $2.093B
YoY Change -0.56% 1.12% 2.91%
Goodwill $1.806B $1.801B $1.677B
YoY Change 9.77% 119.36% 105.01%
Intangibles $1.258B $1.278B $1.008B
YoY Change 21.79% 246.27% 166.49%
Long-Term Investments
YoY Change
Other Assets $499.3M $253.0M $261.2M
YoY Change 90.5% 0.44% 42.77%
Total Long-Term Assets $5.700B $5.464B $5.042B
YoY Change 12.6% 53.83% 45.36%
TOTAL ASSETS
Total Short-Term Assets $2.094B $2.239B $2.794B
Total Long-Term Assets $5.700B $5.464B $5.042B
Total Assets $7.794B $7.703B $7.836B
YoY Change 6.28% 38.7% 45.65%
SHORT-TERM LIABILITIES
YoY Change
Accounts Payable $479.8M $502.3M $581.5M
YoY Change -7.73% -4.0% 23.31%
Accrued Expenses $650.9M $679.2M $664.0M
YoY Change 4.36% 0.45% 3.46%
Deferred Revenue
YoY Change
Short-Term Debt $886.8M $1.198B $1.449B
YoY Change -60.53% 114.16% 133.01%
Long-Term Debt Due $353.2M $5.387M $3.115M
YoY Change 16.54% -98.2% 3400.0%
Total Short-Term Liabilities $2.387B $2.419B $2.759B
YoY Change -35.57% 16.47% 58.35%
LONG-TERM LIABILITIES
Long-Term Debt $2.888B $3.254B $3.254B
YoY Change 40.2% 57.9% 38.48%
Other Long-Term Liabilities $636.9M $446.0M $429.2M
YoY Change 46.35% 1.62% 8.06%
Total Long-Term Liabilities $3.525B $3.700B $3.683B
YoY Change 41.27% 48.02% 34.08%
TOTAL LIABILITIES
Total Short-Term Liabilities $2.387B $2.419B $2.759B
Total Long-Term Liabilities $3.525B $3.700B $3.683B
Total Liabilities $6.109B $6.296B $6.587B
YoY Change -3.68% 36.21% 46.04%
SHAREHOLDERS EQUITY
Retained Earnings $7.358B $7.032B $6.843B
YoY Change 10.91% 10.37% 10.6%
Common Stock
YoY Change
Preferred Stock
YoY Change
Treasury Stock (at cost) $6.782B $6.619B $6.590B
YoY Change 2.85% 2.98% 5.6%
Treasury Stock Shares 150.2M shares 150.2M shares 150.2M shares
Shareholders Equity $1.675B $1.399B $1.235B
YoY Change
Total Liabilities & Shareholders Equity $7.794B $7.703B $7.836B
YoY Change 6.28% 38.7% 45.65%

Cashflow Statement

Concept 2019 Q2 2018 Q4 2018 Q3
OPERATING ACTIVITIES
Net Income $312.8M $336.8M $263.7M
YoY Change -10.67% 85.94% 29.59%
Depreciation, Depletion And Amortization $72.02M $69.30M $74.81M
YoY Change -3.22% 11.35% 11.44%
Cash From Operating Activities $349.3M $707.1M $250.8M
YoY Change -0.78% 143.66% 147.83%
INVESTING ACTIVITIES
Capital Expenditures -$83.50M -$87.40M -$75.80M
YoY Change -238.86% 36.14% 47.47%
Acquisitions
YoY Change
Other Investing Activities -$11.30M -$443.3M -$6.800M
YoY Change -98.77% 2570.48% -52.11%
Cash From Investing Activities -$94.80M -$530.7M -$82.50M
YoY Change -90.34% 556.0% 25.95%
FINANCING ACTIVITIES
Cash Dividend Paid
YoY Change
Common Stock Issuance & Retirement, Net
YoY Change
Debt Paid & Issued, Net
YoY Change
Cash From Financing Activities -357.6M -412.9M -172.7M
YoY Change -149.26% 174.17% 196.74%
NET CHANGE
Cash From Operating Activities 349.3M 707.1M 250.8M
Cash From Investing Activities -94.80M -530.7M -82.50M
Cash From Financing Activities -357.6M -412.9M -172.7M
Net Change In Cash -103.1M -236.5M -4.400M
YoY Change -207.17% -502.9% -80.44%
FREE CASH FLOW
Cash From Operating Activities $349.3M $707.1M $250.8M
Capital Expenditures -$83.50M -$87.40M -$75.80M
Free Cash Flow $432.8M $794.5M $326.6M
YoY Change 48.26% 124.18% 114.02%

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LongTermDebtNoncurrent
2888043000 USD
CY2018Q4 us-gaap Long Term Debt Noncurrent
LongTermDebtNoncurrent
3254280000 USD
CY2019Q2 us-gaap Interest Expense Debt
InterestExpenseDebt
39192000 USD
CY2018Q3 us-gaap Interest Expense Debt
InterestExpenseDebt
38098000 USD
us-gaap Interest Expense Debt
InterestExpenseDebt
79855000 USD
us-gaap Interest Expense Debt
InterestExpenseDebt
70951000 USD
CY2019Q2 us-gaap Interest Costs Capitalized Adjustment
InterestCostsCapitalizedAdjustment
1391000 USD
CY2018Q3 us-gaap Interest Costs Capitalized Adjustment
InterestCostsCapitalizedAdjustment
1334000 USD
us-gaap Interest Costs Capitalized Adjustment
InterestCostsCapitalizedAdjustment
2648000 USD
us-gaap Interest Costs Capitalized Adjustment
InterestCostsCapitalizedAdjustment
2633000 USD
CY2019Q2 us-gaap Interest Expense
InterestExpense
37801000 USD
CY2018Q3 us-gaap Interest Expense
InterestExpense
36764000 USD
us-gaap Interest Expense
InterestExpense
77207000 USD
us-gaap Interest Expense
InterestExpense
68318000 USD
CY2019Q2 us-gaap Investment Income Interest
InvestmentIncomeInterest
4025000 USD
CY2018Q3 us-gaap Investment Income Interest
InvestmentIncomeInterest
1812000 USD
us-gaap Investment Income Interest
InvestmentIncomeInterest
5973000 USD
us-gaap Investment Income Interest
InvestmentIncomeInterest
4027000 USD
CY2019Q2 us-gaap Interest Income Expense Nonoperating Net
InterestIncomeExpenseNonoperatingNet
-33776000 USD
CY2018Q3 us-gaap Interest Income Expense Nonoperating Net
InterestIncomeExpenseNonoperatingNet
-34952000 USD
us-gaap Interest Income Expense Nonoperating Net
InterestIncomeExpenseNonoperatingNet
-71234000 USD
us-gaap Interest Income Expense Nonoperating Net
InterestIncomeExpenseNonoperatingNet
-64291000 USD
CY2019Q2 us-gaap Derivative Assets
DerivativeAssets
1739000 USD
CY2019Q2 us-gaap Derivative Liabilities
DerivativeLiabilities
9557000 USD
CY2018Q4 us-gaap Derivative Assets
DerivativeAssets
10694000 USD
CY2018Q4 us-gaap Derivative Liabilities
DerivativeLiabilities
10799000 USD
CY2019Q2 us-gaap Derivative Instruments Not Designated As Hedging Instruments Gain Loss Net
DerivativeInstrumentsNotDesignatedAsHedgingInstrumentsGainLossNet
52935000 USD
CY2018Q3 us-gaap Derivative Instruments Not Designated As Hedging Instruments Gain Loss Net
DerivativeInstrumentsNotDesignatedAsHedgingInstrumentsGainLossNet
1519000 USD
us-gaap Derivative Instruments Not Designated As Hedging Instruments Gain Loss Net
DerivativeInstrumentsNotDesignatedAsHedgingInstrumentsGainLossNet
29552000 USD
us-gaap Derivative Instruments Not Designated As Hedging Instruments Gain Loss Net
DerivativeInstrumentsNotDesignatedAsHedgingInstrumentsGainLossNet
67564000 USD
us-gaap Cash Flow Hedge Gain Loss To Be Reclassified Within Twelve Months
CashFlowHedgeGainLossToBeReclassifiedWithinTwelveMonths
-11810000 USD
CY2019Q2 us-gaap Finance Lease Liability Current
FinanceLeaseLiabilityCurrent
3820000 USD
CY2019Q2 us-gaap Operating Lease Liability Noncurrent
OperatingLeaseLiabilityNoncurrent
194665000 USD
CY2019Q2 us-gaap Operating Lease Right Of Use Asset
OperatingLeaseRightOfUseAsset
232034000 USD
CY2019Q2 hsy Lease Rightof Use Asset
LeaseRightofUseAsset
329033000 USD
CY2019Q2 us-gaap Operating Lease Liability Current
OperatingLeaseLiabilityCurrent
28603000 USD
CY2019Q2 us-gaap Asset Impairment Charges
AssetImpairmentCharges
4741000 USD
CY2018Q3 us-gaap Asset Impairment Charges
AssetImpairmentCharges
27168000 USD
CY2019Q2 us-gaap Operating Lease Cost
OperatingLeaseCost
10273000 USD
us-gaap Operating Lease Cost
OperatingLeaseCost
20487000 USD
CY2019Q2 us-gaap Finance Lease Right Of Use Asset Amortization
FinanceLeaseRightOfUseAssetAmortization
1884000 USD
us-gaap Finance Lease Right Of Use Asset Amortization
FinanceLeaseRightOfUseAssetAmortization
3818000 USD
CY2019Q2 us-gaap Finance Lease Interest Expense
FinanceLeaseInterestExpense
1112000 USD
us-gaap Finance Lease Interest Expense
FinanceLeaseInterestExpense
2213000 USD
CY2019Q2 us-gaap Lease Cost
LeaseCost
13269000 USD
us-gaap Lease Cost
LeaseCost
26518000 USD
CY2019Q2 us-gaap Operating Lease Weighted Average Remaining Lease Term1
OperatingLeaseWeightedAverageRemainingLeaseTerm1
P13Y10M24D
CY2019Q2 us-gaap Finance Lease Weighted Average Remaining Lease Term1
FinanceLeaseWeightedAverageRemainingLeaseTerm1
P31Y7M6D
CY2019Q2 us-gaap Operating Lease Weighted Average Discount Rate Percent
OperatingLeaseWeightedAverageDiscountRatePercent
0.038
CY2019Q2 us-gaap Finance Lease Weighted Average Discount Rate Percent
FinanceLeaseWeightedAverageDiscountRatePercent
0.059
CY2019Q2 hsy Finance Lease Right Of Use Asset Gross
FinanceLeaseRightOfUseAssetGross
100501000 USD
CY2019Q2 hsy Finance Lease Right Of Use Asset Accumulated Depreciation
FinanceLeaseRightOfUseAssetAccumulatedDepreciation
3502000 USD
CY2019Q2 us-gaap Finance Lease Right Of Use Asset
FinanceLeaseRightOfUseAsset
96999000 USD
CY2019Q2 us-gaap Finance Lease Liability Noncurrent
FinanceLeaseLiabilityNoncurrent
75398000 USD
CY2019Q2 hsy Lease Liability
LeaseLiability
302486000 USD
CY2019Q2 hsy Lessee Operatingand Financing Lease Liability Payments Due Year Five
LesseeOperatingandFinancingLeaseLiabilityPaymentsDueYearFive
18420000 USD
CY2019Q2 us-gaap Lessee Operating Lease Liability Payments Due After Year Five
LesseeOperatingLeaseLiabilityPaymentsDueAfterYearFive
185742000 USD
CY2019Q2 us-gaap Lessee Operating Lease Liability Undiscounted Excess Amount
LesseeOperatingLeaseLiabilityUndiscountedExcessAmount
73293000 USD
CY2019Q2 us-gaap Lessee Operating Lease Liability Payments Remainder Of Fiscal Year
LesseeOperatingLeaseLiabilityPaymentsRemainderOfFiscalYear
19036000 USD
CY2019Q2 us-gaap Finance Lease Liability Payments Remainder Of Fiscal Year
FinanceLeaseLiabilityPaymentsRemainderOfFiscalYear
3895000 USD
CY2019Q2 hsy Lessee Operatingand Financing Lease Liability Payments Remainder Of Fiscal Year
LesseeOperatingandFinancingLeaseLiabilityPaymentsRemainderOfFiscalYear
22931000 USD
CY2019Q2 us-gaap Lessee Operating Lease Liability Payments Due Year Two
LesseeOperatingLeaseLiabilityPaymentsDueYearTwo
33087000 USD
CY2019Q2 us-gaap Finance Lease Liability Payments Due Year Two
FinanceLeaseLiabilityPaymentsDueYearTwo
6980000 USD
CY2019Q2 hsy Lessee Operatingand Financing Lease Liability Payments Due Year Two
LesseeOperatingandFinancingLeaseLiabilityPaymentsDueYearTwo
40067000 USD
CY2019Q2 us-gaap Lessee Operating Lease Liability Payments Due Year Three
LesseeOperatingLeaseLiabilityPaymentsDueYearThree
29094000 USD
CY2019Q2 us-gaap Finance Lease Liability Payments Due Year Three
FinanceLeaseLiabilityPaymentsDueYearThree
5746000 USD
CY2019Q2 hsy Lessee Operatingand Financing Lease Liability Payments Due Year Three
LesseeOperatingandFinancingLeaseLiabilityPaymentsDueYearThree
34840000 USD
CY2019Q2 us-gaap Lessee Operating Lease Liability Payments Due Year Four
LesseeOperatingLeaseLiabilityPaymentsDueYearFour
15795000 USD
CY2019Q2 us-gaap Finance Lease Liability Payments Due Year Four
FinanceLeaseLiabilityPaymentsDueYearFour
4642000 USD
CY2019Q2 hsy Lessee Operatingand Financing Lease Liability Payments Due Year Four
LesseeOperatingandFinancingLeaseLiabilityPaymentsDueYearFour
20437000 USD
CY2019Q2 us-gaap Lessee Operating Lease Liability Payments Due Year Five
LesseeOperatingLeaseLiabilityPaymentsDueYearFive
13807000 USD
CY2019Q2 us-gaap Finance Lease Liability Payments Due Year Five
FinanceLeaseLiabilityPaymentsDueYearFive
4613000 USD
CY2019Q2 us-gaap Finance Lease Liability Payments Due After Year Five
FinanceLeaseLiabilityPaymentsDueAfterYearFive
170193000 USD
CY2019Q2 hsy Lessee Operatingand Financing Lease Liability Payments Due After Year Five
LesseeOperatingandFinancingLeaseLiabilityPaymentsDueAfterYearFive
355935000 USD
CY2019Q2 us-gaap Lessee Operating Lease Liability Payments Due
LesseeOperatingLeaseLiabilityPaymentsDue
296561000 USD
CY2019Q2 us-gaap Finance Lease Liability Payments Due
FinanceLeaseLiabilityPaymentsDue
196069000 USD
CY2019Q2 hsy Lessee Operatingand Financing Lease Liability Payments Due
LesseeOperatingandFinancingLeaseLiabilityPaymentsDue
492630000 USD
CY2019Q2 us-gaap Finance Lease Liability Undiscounted Excess Amount
FinanceLeaseLiabilityUndiscountedExcessAmount
116851000 USD
CY2019Q2 hsy Lessee Operatingand Fiannce Lease Liability Undiscounted Excess Amount
LesseeOperatingandFiannceLeaseLiabilityUndiscountedExcessAmount
190144000 USD
CY2019Q2 us-gaap Operating Lease Liability
OperatingLeaseLiability
223268000 USD
CY2019Q2 us-gaap Finance Lease Liability
FinanceLeaseLiability
79218000 USD
CY2019Q2 hsy Operating Finance Lease Liability
OperatingFinanceLeaseLiability
302486000 USD
us-gaap Operating Lease Payments
OperatingLeasePayments
19142000 USD
us-gaap Finance Lease Interest Payment On Liability
FinanceLeaseInterestPaymentOnLiability
2213000 USD
us-gaap Finance Lease Principal Payments
FinanceLeasePrincipalPayments
1920000 USD
us-gaap Right Of Use Asset Obtained In Exchange For Operating Lease Liability
RightOfUseAssetObtainedInExchangeForOperatingLeaseLiability
21838000 USD
us-gaap Right Of Use Asset Obtained In Exchange For Finance Lease Liability
RightOfUseAssetObtainedInExchangeForFinanceLeaseLiability
3498000 USD
CY2019Q2 us-gaap Disposal Group Including Discontinued Operation Property Plant And Equipment
DisposalGroupIncludingDiscontinuedOperationPropertyPlantAndEquipment
20905000 USD
CY2019Q2 us-gaap Disposal Group Including Discontinued Operation Other Assets
DisposalGroupIncludingDiscontinuedOperationOtherAssets
2434000 USD
CY2019Q2 us-gaap Assets Of Disposal Group Including Discontinued Operation
AssetsOfDisposalGroupIncludingDiscontinuedOperation
23339000 USD
CY2019Q2 us-gaap Disposal Group Including Discontinued Operation Accounts Payable And Accrued Liabilities
DisposalGroupIncludingDiscontinuedOperationAccountsPayableAndAccruedLiabilities
376000 USD
CY2019Q2 us-gaap Liabilities Of Disposal Group Including Discontinued Operation
LiabilitiesOfDisposalGroupIncludingDiscontinuedOperation
376000 USD
CY2019Q2 us-gaap Restructuring Charges
RestructuringCharges
6378000 USD
CY2018Q3 us-gaap Restructuring Charges
RestructuringCharges
15296000 USD
us-gaap Restructuring Charges
RestructuringCharges
6862000 USD
CY2019Q2 us-gaap Restructuring Reserve
RestructuringReserve
12978000 USD
us-gaap Restructuring Charges
RestructuringCharges
31247000 USD
CY2019Q2 us-gaap Restructuring Charges
RestructuringCharges
6378000 USD
CY2018Q3 us-gaap Restructuring Charges
RestructuringCharges
15296000 USD
us-gaap Restructuring Charges
RestructuringCharges
6862000 USD
us-gaap Restructuring Charges
RestructuringCharges
31247000 USD
CY2018Q4 us-gaap Restructuring Reserve
RestructuringReserve
14605000 USD
hsy Restructuring Charges Business Realignment Reserve
RestructuringChargesBusinessRealignmentReserve
6862000 USD
us-gaap Payments For Restructuring
PaymentsForRestructuring
8489000 USD
us-gaap Effective Income Tax Rate Reconciliation At Federal Statutory Income Tax Rate
EffectiveIncomeTaxRateReconciliationAtFederalStatutoryIncomeTaxRate
0.21
us-gaap Effective Income Tax Rate Continuing Operations
EffectiveIncomeTaxRateContinuingOperations
0.187
us-gaap Effective Income Tax Rate Continuing Operations
EffectiveIncomeTaxRateContinuingOperations
0.191
CY2019Q2 us-gaap Significant Change In Unrecognized Tax Benefits Is Reasonably Possible Amount Of Unrecorded Benefit
SignificantChangeInUnrecognizedTaxBenefitsIsReasonablyPossibleAmountOfUnrecordedBenefit
11267000 USD
CY2017 hsy Tax Cutsand Jobs Actof2017 Net Impact Changein Tax Rateand Mandatory Taxon Unremitted Foreign Earnings Income Tax Expense Benefit
TaxCutsandJobsActof2017NetImpactChangeinTaxRateandMandatoryTaxonUnremittedForeignEarningsIncomeTaxExpenseBenefit
32500000 USD
CY2018 us-gaap Tax Cuts And Jobs Act Of2017 Measurement Period Adjustment Income Tax Expense Benefit
TaxCutsAndJobsActOf2017MeasurementPeriodAdjustmentIncomeTaxExpenseBenefit
19500000 USD
CY2019Q2 us-gaap Allocated Share Based Compensation Expense
AllocatedShareBasedCompensationExpense
13156000 USD
CY2018Q3 us-gaap Allocated Share Based Compensation Expense
AllocatedShareBasedCompensationExpense
13088000 USD
us-gaap Allocated Share Based Compensation Expense
AllocatedShareBasedCompensationExpense
23712000 USD
us-gaap Allocated Share Based Compensation Expense
AllocatedShareBasedCompensationExpense
23546000 USD
CY2019Q2 us-gaap Employee Service Share Based Compensation Tax Benefit From Compensation Expense
EmployeeServiceShareBasedCompensationTaxBenefitFromCompensationExpense
2160000 USD
CY2018Q3 us-gaap Employee Service Share Based Compensation Tax Benefit From Compensation Expense
EmployeeServiceShareBasedCompensationTaxBenefitFromCompensationExpense
2364000 USD
us-gaap Employee Service Share Based Compensation Tax Benefit From Compensation Expense
EmployeeServiceShareBasedCompensationTaxBenefitFromCompensationExpense
4482000 USD
us-gaap Employee Service Share Based Compensation Tax Benefit From Compensation Expense
EmployeeServiceShareBasedCompensationTaxBenefitFromCompensationExpense
4968000 USD
CY2019Q2 us-gaap Employee Service Share Based Compensation Nonvested Awards Total Compensation Cost Not Yet Recognized
EmployeeServiceShareBasedCompensationNonvestedAwardsTotalCompensationCostNotYetRecognized
76244000 USD
us-gaap Employee Service Share Based Compensation Nonvested Awards Total Compensation Cost Not Yet Recognized Period For Recognition1
EmployeeServiceShareBasedCompensationNonvestedAwardsTotalCompensationCostNotYetRecognizedPeriodForRecognition1
P2Y2M12D
CY2018Q4 us-gaap Share Based Compensation Arrangement By Share Based Payment Award Options Outstanding Number
ShareBasedCompensationArrangementByShareBasedPaymentAwardOptionsOutstandingNumber
5394382 shares
CY2018Q4 us-gaap Share Based Compensation Arrangement By Share Based Payment Award Options Outstanding Weighted Average Exercise Price
ShareBasedCompensationArrangementByShareBasedPaymentAwardOptionsOutstandingWeightedAverageExercisePrice
94.28
us-gaap Sharebased Compensation Arrangement By Sharebased Payment Award Options Outstanding Weighted Average Remaining Contractual Term2
SharebasedCompensationArrangementBySharebasedPaymentAwardOptionsOutstandingWeightedAverageRemainingContractualTerm2
P5Y7M6D
us-gaap Share Based Compensation Arrangement By Share Based Payment Award Options Grants In Period Gross
ShareBasedCompensationArrangementByShareBasedPaymentAwardOptionsGrantsInPeriodGross
1640 shares
us-gaap Share Based Compensation Arrangements By Share Based Payment Award Options Grants In Period Weighted Average Exercise Price
ShareBasedCompensationArrangementsByShareBasedPaymentAwardOptionsGrantsInPeriodWeightedAverageExercisePrice
109.74
us-gaap Stock Issued During Period Shares Stock Options Exercised
StockIssuedDuringPeriodSharesStockOptionsExercised
2001947 shares
us-gaap Share Based Compensation Arrangements By Share Based Payment Award Options Exercises In Period Weighted Average Exercise Price
ShareBasedCompensationArrangementsByShareBasedPaymentAwardOptionsExercisesInPeriodWeightedAverageExercisePrice
88.01
us-gaap Share Based Compensation Arrangement By Share Based Payment Award Options Forfeitures In Period
ShareBasedCompensationArrangementByShareBasedPaymentAwardOptionsForfeituresInPeriod
63264 shares
us-gaap Share Based Compensation Arrangements By Share Based Payment Award Options Forfeitures In Period Weighted Average Exercise Price
ShareBasedCompensationArrangementsByShareBasedPaymentAwardOptionsForfeituresInPeriodWeightedAverageExercisePrice
101.62
CY2019Q2 us-gaap Share Based Compensation Arrangement By Share Based Payment Award Options Outstanding Number
ShareBasedCompensationArrangementByShareBasedPaymentAwardOptionsOutstandingNumber
3330811 shares
CY2019Q2 us-gaap Share Based Compensation Arrangement By Share Based Payment Award Options Outstanding Weighted Average Exercise Price
ShareBasedCompensationArrangementByShareBasedPaymentAwardOptionsOutstandingWeightedAverageExercisePrice
97.91
us-gaap Sharebased Compensation Arrangement By Sharebased Payment Award Options Outstanding Weighted Average Remaining Contractual Term2
SharebasedCompensationArrangementBySharebasedPaymentAwardOptionsOutstandingWeightedAverageRemainingContractualTerm2
P5Y8M12D
CY2019Q2 us-gaap Share Based Compensation Arrangement By Share Based Payment Award Options Outstanding Intrinsic Value
ShareBasedCompensationArrangementByShareBasedPaymentAwardOptionsOutstandingIntrinsicValue
120304000 USD
CY2019Q2 us-gaap Share Based Compensation Arrangement By Share Based Payment Award Options Exercisable Number
ShareBasedCompensationArrangementByShareBasedPaymentAwardOptionsExercisableNumber
2244965 shares
CY2019Q2 us-gaap Share Based Compensation Arrangement By Share Based Payment Award Options Exercisable Weighted Average Exercise Price
ShareBasedCompensationArrangementByShareBasedPaymentAwardOptionsExercisableWeightedAverageExercisePrice
96.41
us-gaap Sharebased Compensation Arrangement By Sharebased Payment Award Options Exercisable Weighted Average Remaining Contractual Term1
SharebasedCompensationArrangementBySharebasedPaymentAwardOptionsExercisableWeightedAverageRemainingContractualTerm1
P4Y7M6D
CY2019Q2 us-gaap Sharebased Compensation Arrangement By Sharebased Payment Award Options Exercisable Intrinsic Value1
SharebasedCompensationArrangementBySharebasedPaymentAwardOptionsExercisableIntrinsicValue1
84449000 USD
us-gaap Share Based Compensation Arrangement By Share Based Payment Award Fair Value Assumptions Expected Dividend Rate
ShareBasedCompensationArrangementByShareBasedPaymentAwardFairValueAssumptionsExpectedDividendRate
0.027
us-gaap Share Based Compensation Arrangement By Share Based Payment Award Fair Value Assumptions Expected Dividend Rate
ShareBasedCompensationArrangementByShareBasedPaymentAwardFairValueAssumptionsExpectedDividendRate
0.023
us-gaap Share Based Compensation Arrangement By Share Based Payment Award Fair Value Assumptions Weighted Average Volatility Rate
ShareBasedCompensationArrangementByShareBasedPaymentAwardFairValueAssumptionsWeightedAverageVolatilityRate
0.170
us-gaap Share Based Compensation Arrangement By Share Based Payment Award Fair Value Assumptions Weighted Average Volatility Rate
ShareBasedCompensationArrangementByShareBasedPaymentAwardFairValueAssumptionsWeightedAverageVolatilityRate
0.166
us-gaap Share Based Compensation Arrangement By Share Based Payment Award Fair Value Assumptions Risk Free Interest Rate
ShareBasedCompensationArrangementByShareBasedPaymentAwardFairValueAssumptionsRiskFreeInterestRate
0.025
us-gaap Share Based Compensation Arrangement By Share Based Payment Award Fair Value Assumptions Risk Free Interest Rate
ShareBasedCompensationArrangementByShareBasedPaymentAwardFairValueAssumptionsRiskFreeInterestRate
0.028
us-gaap Sharebased Compensation Arrangement By Sharebased Payment Award Fair Value Assumptions Expected Term1
SharebasedCompensationArrangementBySharebasedPaymentAwardFairValueAssumptionsExpectedTerm1
P6Y6M
us-gaap Sharebased Compensation Arrangement By Sharebased Payment Award Fair Value Assumptions Expected Term1
SharebasedCompensationArrangementBySharebasedPaymentAwardFairValueAssumptionsExpectedTerm1
P6Y7M6D
hsy Share Based Compensation Arrangement By Share Based Payment Award Intrinsic Value Of Share Based Liabilities Paid Combined With Fair Value Of Shares Vested
ShareBasedCompensationArrangementByShareBasedPaymentAwardIntrinsicValueOfShareBasedLiabilitiesPaidCombinedWithFairValueOfSharesVested
40163000 USD
hsy Share Based Compensation Arrangement By Share Based Payment Award Intrinsic Value Of Share Based Liabilities Paid Combined With Fair Value Of Shares Vested
ShareBasedCompensationArrangementByShareBasedPaymentAwardIntrinsicValueOfShareBasedLiabilitiesPaidCombinedWithFairValueOfSharesVested
19740000 USD
us-gaap Deferred Compensation Arrangement With Individual Shares Issued
DeferredCompensationArrangementWithIndividualSharesIssued
338651 shares
CY2019Q2 us-gaap Revenues
Revenues
1767217000 USD
CY2018Q3 us-gaap Revenues
Revenues
1751615000 USD
us-gaap Revenues
Revenues
3783705000 USD
us-gaap Revenues
Revenues
3723574000 USD
CY2019Q2 us-gaap Operating Income Loss
OperatingIncomeLoss
410070000 USD
CY2018Q3 us-gaap Operating Income Loss
OperatingIncomeLoss
315724000 USD
us-gaap Operating Income Loss
OperatingIncomeLoss
848939000 USD
us-gaap Operating Income Loss
OperatingIncomeLoss
796236000 USD
CY2019Q2 us-gaap Interest Income Expense Nonoperating Net
InterestIncomeExpenseNonoperatingNet
-33776000 USD
CY2018Q3 us-gaap Interest Income Expense Nonoperating Net
InterestIncomeExpenseNonoperatingNet
-34952000 USD
us-gaap Interest Income Expense Nonoperating Net
InterestIncomeExpenseNonoperatingNet
-71234000 USD
us-gaap Interest Income Expense Nonoperating Net
InterestIncomeExpenseNonoperatingNet
-64291000 USD
CY2019Q2 us-gaap Other Nonoperating Income Expense
OtherNonoperatingIncomeExpense
-13125000 USD
CY2018Q3 us-gaap Other Nonoperating Income Expense
OtherNonoperatingIncomeExpense
-20766000 USD
us-gaap Other Nonoperating Income Expense
OtherNonoperatingIncomeExpense
-18602000 USD
us-gaap Other Nonoperating Income Expense
OtherNonoperatingIncomeExpense
-22708000 USD
CY2019Q2 us-gaap Income Loss From Continuing Operations Before Income Taxes Extraordinary Items Noncontrolling Interest
IncomeLossFromContinuingOperationsBeforeIncomeTaxesExtraordinaryItemsNoncontrollingInterest
363169000 USD
CY2018Q3 us-gaap Income Loss From Continuing Operations Before Income Taxes Extraordinary Items Noncontrolling Interest
IncomeLossFromContinuingOperationsBeforeIncomeTaxesExtraordinaryItemsNoncontrollingInterest
260006000 USD
us-gaap Income Loss From Continuing Operations Before Income Taxes Extraordinary Items Noncontrolling Interest
IncomeLossFromContinuingOperationsBeforeIncomeTaxesExtraordinaryItemsNoncontrollingInterest
759103000 USD
us-gaap Income Loss From Continuing Operations Before Income Taxes Extraordinary Items Noncontrolling Interest
IncomeLossFromContinuingOperationsBeforeIncomeTaxesExtraordinaryItemsNoncontrollingInterest
709237000 USD
CY2019Q2 us-gaap Depreciation Depletion And Amortization
DepreciationDepletionAndAmortization
72017000 USD
CY2018Q3 us-gaap Depreciation Depletion And Amortization
DepreciationDepletionAndAmortization
76580000 USD
us-gaap Depreciation Depletion And Amortization
DepreciationDepletionAndAmortization
144346000 USD
us-gaap Depreciation Depletion And Amortization
DepreciationDepletionAndAmortization
150996000 USD
us-gaap Treasury Stock Shares Acquired
TreasuryStockSharesAcquired
2269498 shares
us-gaap Stock Repurchased During Period Value
StockRepurchasedDuringPeriodValue
254429000 USD
us-gaap Stock Issued During Period Shares Share Based Compensation Gross
StockIssuedDuringPeriodSharesShareBasedCompensationGross
2200072 shares
us-gaap Stock Issued During Period Value Share Based Compensation Gross
StockIssuedDuringPeriodValueShareBasedCompensationGross
91545000 USD
hsy Treasury Stock Changein Shares
TreasuryStockChangeinShares
69426 USD
hsy Treasury Stock Changein Value
TreasuryStockChangeinValue
162884000 USD
CY2019Q2 us-gaap Stock Repurchase Program Remaining Authorized Repurchase Amount1
StockRepurchaseProgramRemainingAuthorizedRepurchaseAmount1
410000000 USD
CY2018Q4 us-gaap Inventory Net
InventoryNet
784879000 USD
CY2019Q2 us-gaap Equity Method Investment Other Than Temporary Impairment
EquityMethodInvestmentOtherThanTemporaryImpairment
8633000 USD
CY2018Q3 us-gaap Equity Method Investment Other Than Temporary Impairment
EquityMethodInvestmentOtherThanTemporaryImpairment
19330000 USD
us-gaap Equity Method Investment Other Than Temporary Impairment
EquityMethodInvestmentOtherThanTemporaryImpairment
9785000 USD
us-gaap Equity Method Investment Other Than Temporary Impairment
EquityMethodInvestmentOtherThanTemporaryImpairment
19764000 USD
CY2019Q2 hsy Defined Benefit Plan Non Service Cost
DefinedBenefitPlanNonServiceCost
4336000 USD
CY2018Q3 hsy Defined Benefit Plan Non Service Cost
DefinedBenefitPlanNonServiceCost
-98000 USD
hsy Defined Benefit Plan Non Service Cost
DefinedBenefitPlanNonServiceCost
8673000 USD
hsy Defined Benefit Plan Non Service Cost
DefinedBenefitPlanNonServiceCost
-196000 USD
CY2019Q2 hsy Other Nonoperating Gain Loss
OtherNonoperatingGainLoss
-156000 USD
CY2018Q3 hsy Other Nonoperating Gain Loss
OtherNonoperatingGainLoss
-1534000 USD
hsy Other Nonoperating Gain Loss
OtherNonoperatingGainLoss
-144000 USD
hsy Other Nonoperating Gain Loss
OtherNonoperatingGainLoss
-3140000 USD
CY2019Q2 us-gaap Other Nonoperating Income Expense
OtherNonoperatingIncomeExpense
-13125000 USD
CY2018Q3 us-gaap Other Nonoperating Income Expense
OtherNonoperatingIncomeExpense
-20766000 USD
us-gaap Other Nonoperating Income Expense
OtherNonoperatingIncomeExpense
-18602000 USD
us-gaap Other Nonoperating Income Expense
OtherNonoperatingIncomeExpense
-22708000 USD
CY2019Q2 us-gaap Inventory Raw Materials Net Of Reserves
InventoryRawMaterialsNetOfReserves
264526000 USD
CY2018Q4 us-gaap Inventory Raw Materials Net Of Reserves
InventoryRawMaterialsNetOfReserves
237086000 USD
CY2019Q2 us-gaap Inventory Work In Process Net Of Reserves
InventoryWorkInProcessNetOfReserves
155142000 USD
CY2018Q4 us-gaap Inventory Work In Process Net Of Reserves
InventoryWorkInProcessNetOfReserves
107139000 USD
CY2019Q2 us-gaap Inventory Finished Goods Net Of Reserves
InventoryFinishedGoodsNetOfReserves
710211000 USD
CY2018Q4 us-gaap Inventory Finished Goods Net Of Reserves
InventoryFinishedGoodsNetOfReserves
618798000 USD
CY2019Q2 us-gaap Fifo Inventory Amount
FIFOInventoryAmount
1129879000 USD
CY2018Q4 us-gaap Fifo Inventory Amount
FIFOInventoryAmount
963023000 USD
CY2019Q2 us-gaap Inventory Lifo Reserve
InventoryLIFOReserve
171926000 USD
CY2018Q4 us-gaap Inventory Lifo Reserve
InventoryLIFOReserve
178144000 USD
CY2019Q2 us-gaap Inventory Net
InventoryNet
957953000 USD
CY2019Q2 us-gaap Prepaid Expense Current And Noncurrent
PrepaidExpenseCurrentAndNoncurrent
52940000 USD
CY2018Q4 us-gaap Prepaid Expense Current And Noncurrent
PrepaidExpenseCurrentAndNoncurrent
68490000 USD
CY2019Q2 us-gaap Assets Of Disposal Group Including Discontinued Operation
AssetsOfDisposalGroupIncludingDiscontinuedOperation
23339000 USD
CY2019Q2 us-gaap Operating Lease Right Of Use Asset
OperatingLeaseRightOfUseAsset
232034000 USD
CY2018Q4 us-gaap Other Accrued Liabilities Current
OtherAccruedLiabilitiesCurrent
211993000 USD
CY2018Q4 us-gaap Operating Lease Right Of Use Asset
OperatingLeaseRightOfUseAsset
0 USD
CY2019Q2 hsy Other Miscellaneous Assets Non Current
OtherMiscellaneousAssetsNonCurrent
130076000 USD
CY2019Q2 us-gaap Other Accrued Liabilities Current
OtherAccruedLiabilitiesCurrent
190532000 USD
CY2018Q4 us-gaap Assets Of Disposal Group Including Discontinued Operation
AssetsOfDisposalGroupIncludingDiscontinuedOperation
23421000 USD
CY2019Q2 us-gaap Other Assets Current
OtherAssetsCurrent
154617000 USD
CY2018Q4 us-gaap Other Assets Current
OtherAssetsCurrent
180248000 USD
CY2019Q2 hsy Prepaid Expensesand Other
PrepaidExpensesandOther
230896000 USD
CY2018Q4 hsy Prepaid Expensesand Other
PrepaidExpensesandOther
272159000 USD
CY2019Q2 us-gaap Land
Land
103232000 USD
CY2018Q4 us-gaap Land
Land
102074000 USD
CY2019Q2 us-gaap Buildings And Improvements Gross
BuildingsAndImprovementsGross
1224227000 USD
CY2018Q4 us-gaap Buildings And Improvements Gross
BuildingsAndImprovementsGross
1211011000 USD
CY2019Q2 us-gaap Machinery And Equipment Gross
MachineryAndEquipmentGross
3044187000 USD
CY2018Q4 us-gaap Machinery And Equipment Gross
MachineryAndEquipmentGross
2988027000 USD
CY2019Q2 us-gaap Construction In Progress Gross
ConstructionInProgressGross
247668000 USD
CY2018Q4 us-gaap Construction In Progress Gross
ConstructionInProgressGross
280559000 USD
CY2019Q2 us-gaap Property Plant And Equipment Gross
PropertyPlantAndEquipmentGross
4619314000 USD
CY2018Q4 us-gaap Property Plant And Equipment Gross
PropertyPlantAndEquipmentGross
4581671000 USD
CY2019Q2 us-gaap Accumulated Depreciation Depletion And Amortization Property Plant And Equipment
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2512129000 USD
CY2018Q4 us-gaap Accumulated Depreciation Depletion And Amortization Property Plant And Equipment
AccumulatedDepreciationDepletionAndAmortizationPropertyPlantAndEquipment
2451377000 USD
CY2019Q2 us-gaap Property Plant And Equipment Net
PropertyPlantAndEquipmentNet
2107185000 USD
CY2018Q4 us-gaap Property Plant And Equipment Net
PropertyPlantAndEquipmentNet
2130294000 USD
CY2019Q2 us-gaap Capitalized Computer Software Net
CapitalizedComputerSoftwareNet
137193000 USD
CY2018Q4 us-gaap Capitalized Computer Software Net
CapitalizedComputerSoftwareNet
126379000 USD
CY2018Q4 hsy Other Miscellaneous Assets Non Current
OtherMiscellaneousAssetsNonCurrent
126605000 USD
CY2019Q2 us-gaap Other Assets Noncurrent
OtherAssetsNoncurrent
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OtherAssetsNoncurrent
252984000 USD
CY2019Q2 us-gaap Employee Related Liabilities Current
EmployeeRelatedLiabilitiesCurrent
156329000 USD
CY2018Q4 us-gaap Employee Related Liabilities Current
EmployeeRelatedLiabilitiesCurrent
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CY2019Q2 us-gaap Accrued Marketing Costs Current
AccruedMarketingCostsCurrent
275082000 USD
CY2018Q4 us-gaap Accrued Marketing Costs Current
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286028000 USD
CY2019Q2 us-gaap Operating Lease Liability Current
OperatingLeaseLiabilityCurrent
28603000 USD
CY2018Q4 us-gaap Operating Lease Liability Current
OperatingLeaseLiabilityCurrent
0 USD
CY2019Q2 us-gaap Liabilities Of Disposal Group Including Discontinued Operation
LiabilitiesOfDisposalGroupIncludingDiscontinuedOperation
376000 USD
CY2018Q4 us-gaap Liabilities Of Disposal Group Including Discontinued Operation
LiabilitiesOfDisposalGroupIncludingDiscontinuedOperation
596000 USD
CY2019Q2 us-gaap Accrued Liabilities Current
AccruedLiabilitiesCurrent
650922000 USD
CY2018Q4 us-gaap Accrued Liabilities Current
AccruedLiabilitiesCurrent
679163000 USD
CY2019Q2 us-gaap Other Postretirement Defined Benefit Plan Liabilities Noncurrent
OtherPostretirementDefinedBenefitPlanLiabilitiesNoncurrent
191900000 USD
CY2018Q4 us-gaap Other Postretirement Defined Benefit Plan Liabilities Noncurrent
OtherPostretirementDefinedBenefitPlanLiabilitiesNoncurrent
195166000 USD
CY2019Q2 us-gaap Defined Benefit Pension Plan Liabilities Noncurrent
DefinedBenefitPensionPlanLiabilitiesNoncurrent
66312000 USD
CY2018Q4 us-gaap Defined Benefit Pension Plan Liabilities Noncurrent
DefinedBenefitPensionPlanLiabilitiesNoncurrent
66379000 USD
CY2019Q2 us-gaap Operating Lease Liability Noncurrent
OperatingLeaseLiabilityNoncurrent
194665000 USD
CY2018Q4 us-gaap Operating Lease Liability Noncurrent
OperatingLeaseLiabilityNoncurrent
0 USD
CY2019Q2 hsy Other Miscellaneous Liabilities Non Current
OtherMiscellaneousLiabilitiesNonCurrent
184036000 USD
CY2018Q4 hsy Other Miscellaneous Liabilities Non Current
OtherMiscellaneousLiabilitiesNonCurrent
184503000 USD
CY2019Q2 us-gaap Other Liabilities Noncurrent
OtherLiabilitiesNoncurrent
636913000 USD
CY2018Q4 us-gaap Other Liabilities Noncurrent
OtherLiabilitiesNoncurrent
446048000 USD
CY2019Q2 us-gaap Accumulated Other Comprehensive Income Loss Foreign Currency Translation Adjustment Net Of Tax
AccumulatedOtherComprehensiveIncomeLossForeignCurrencyTranslationAdjustmentNetOfTax
-86061000 USD
CY2018Q4 us-gaap Accumulated Other Comprehensive Income Loss Foreign Currency Translation Adjustment Net Of Tax
AccumulatedOtherComprehensiveIncomeLossForeignCurrencyTranslationAdjustmentNetOfTax
-96678000 USD
CY2019Q2 us-gaap Accumulated Other Comprehensive Income Loss Defined Benefit Pension And Other Postretirement Plans Net Of Tax
AccumulatedOtherComprehensiveIncomeLossDefinedBenefitPensionAndOtherPostretirementPlansNetOfTax
195372000 USD
CY2018Q4 us-gaap Accumulated Other Comprehensive Income Loss Defined Benefit Pension And Other Postretirement Plans Net Of Tax
AccumulatedOtherComprehensiveIncomeLossDefinedBenefitPensionAndOtherPostretirementPlansNetOfTax
205230000 USD
CY2019Q2 us-gaap Accumulated Other Comprehensive Income Loss Cumulative Changes In Net Gain Loss From Cash Flow Hedges Effect Net Of Tax
AccumulatedOtherComprehensiveIncomeLossCumulativeChangesInNetGainLossFromCashFlowHedgesEffectNetOfTax
-55303000 USD
CY2018Q4 us-gaap Accumulated Other Comprehensive Income Loss Cumulative Changes In Net Gain Loss From Cash Flow Hedges Effect Net Of Tax
AccumulatedOtherComprehensiveIncomeLossCumulativeChangesInNetGainLossFromCashFlowHedgesEffectNetOfTax
-54872000 USD
CY2019Q2 us-gaap Accumulated Other Comprehensive Income Loss Net Of Tax
AccumulatedOtherComprehensiveIncomeLossNetOfTax
-336736000 USD
CY2018Q4 us-gaap Accumulated Other Comprehensive Income Loss Net Of Tax
AccumulatedOtherComprehensiveIncomeLossNetOfTax
-356780000 USD

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