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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
THE HERSHEY COMPANY CONSOLIDATED STATEMENTS OF CASH FLOWS
For the years ended December 31, a
2011
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)
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:
(9,438)
20,329
46,584
(115,331)
(13,910)
74,000
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
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
$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,
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
$53,063
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
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
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