The Hershey Company (HSY)

Hershey Income Statement

Financials in millions USD. Fiscal year is January - December.

Year Ending	TTM	Dec 31, 2023	Dec 31, 2022	Dec 31, 2021	Dec 31, 2020	Dec 31, 2019
Revenue	11,430	11,165	10,419	8,971	8,150	7,986
Revenue Growth (YoY)	6.42%	7.16%	16.14%	10.08%	2.05%	2.51%
Cost of Revenue	6,139	6,167	5,921	4,923	4,448	4,364
Gross Profit	5,292	4,998	4,499	4,049	3,701	3,622
Selling, General & Admin	2,473	2,437	2,236	2,001	1,891	1,906
Other Operating Expenses	-0.37	0.44	1.99	3.53	27.65	120.6
Operating Expenses	2,473	2,437	2,238	2,005	1,919	2,027
Operating Income	2,819	2,561	2,261	2,044	1,783	1,596
Interest Expense / Income	153.92	151.79	137.56	127.42	149.37	144.13
Other Expense / Income	266.26	237.22	206.16	124.39	135.03	68.1
Pretax Income	2,399	2,172	1,917	1,792	1,498	1,384
Income Tax	326.81	310.08	272.25	314.41	219.58	234.03
Net Income	2,072	1,862	1,645	1,478	1,279	1,150
Net Income Growth	21.99%	13.19%	11.32%	15.55%	11.22%	-2.37%
Shares Outstanding (Basic)	204	204	205	206	208	209
Shares Change	-0.04%	-0.28%	-0.45%	-1.03%	-0.37%	-0.42%
EPS (Basic)	10.38	9.31	8.22	7.34	6.30	5.64
EPS (Diluted)	10.09	9.06	7.96	7.11	6.11	5.46
EPS Growth	22.45%	13.82%	11.95%	16.37%	11.90%	-2.15%
Free Cash Flow	1,329	1,552	1,808	1,587	1,258	1,446
Free Cash Flow Per Share	6.51	7.59	8.82	7.70	6.04	6.92
Dividend Per Share	4.790	4.456	3.874	3.410	3.154	2.990
Dividend Growth	19.48%	15.02%	13.61%	8.12%	5.48%	8.49%
Gross Margin	46.29%	44.76%	43.18%	45.13%	45.42%	45.36%
Operating Margin	24.66%	22.94%	21.70%	22.78%	21.87%	19.98%
Profit Margin	18.13%	16.68%	15.79%	16.47%	15.69%	14.40%
Free Cash Flow Margin	11.62%	13.90%	17.36%	17.69%	15.44%	18.10%
Effective Tax Rate	13.62%	14.28%	14.20%	17.55%	14.66%	16.91%
EBITDA	2,982	2,743	2,434	2,234	1,943	1,819
EBITDA Margin	26.09%	24.57%	23.36%	24.91%	23.84%	22.78%
Depreciation & Amortization	429.38	419.82	378.96	315	294.91	291.54
EBIT	2,553	2,324	2,055	1,919	1,648	1,528
EBIT Margin	22.33%	20.81%	19.72%	21.39%	20.22%	19.13%

Source: Financials are provided by Nasdaq Data Link and sourced from the audited annual (10-K) and quarterly (10-Q) reports submitted to the Securities and Exchange Commission (SEC).