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The Hershey Company (HSY)
NYSE: HSY · Real-Time Price · USD
162.74
+0.20 (0.12%)
At close: Oct 9, 2026, 4:00 PM EDT
163.00
+0.26 (0.16%)
After-hours: Oct 9, 2026, 7:50 PM EDT

Hershey Cash Flow Statement

Millions USD. Fiscal year is Jan - Dec.

Operating Activities

Fiscal Quarter
Q2 2026Q1 2026Q4 2025Q3 2025Q2 2025Q1 2025Q4 2024Q3 2024Q2 2024Q1 2024Q4 2023Q3 2023Q2 2023Q1 2023Q4 2022Q3 2022Q2 2022Q1 2022Q4 2021Q3 2021
Period Ending
Jun '26 Mar '26 Dec '25 Sep '25 Jun '25 Mar '25 Dec '24 Sep '24 Jun '24 Mar '24 Dec '23 Oct '23 Jul '23 Apr '23 Dec '22 Oct '22 Jul '22 Apr '22 Dec '21 Oct '21
Net Income
457.67435.11320.02276.3262.72224.2796.59446.3180.89797.45349.04518.58406.98587.19396.3399.49315.56533.48335.56444.93
Depreciation & Amortization
136.1133132.52127.78123.83119.56123.82113.26110.42107.76116.72103.31101.5998.299.8894.293.8591.0483.0578.02
Asset Writedown & Restructuring Costs
--6.4-----------------
Loss (Gain) From Sale of Investments
--24.48---162.2949.63-31.3995.0738.0677.36-117.5343.3114.8512.5985.0220.96
Stock-Based Compensation
17.7217.1319.0115.4517.4413.5611.8415.0711.515.9924.6720.5116.8518.9915.3518.0817.2215.3415.718.53
Other Operating Activities
-70.18156.2697.51164.99214.6276.86-191.570.2286.02-258.6360.3831.7416.3111.174.839.2644.5229.1135.3221.17
Change in Accounts Receivable
69.9-247.56255.95-146.5762.64-73.04335.23-297.73350.37-383.42307.61-366.1997.46-140.96220.9-278.28208.84-189.62208.22-311.81
Change in Inventory
-314.42-4.24311.69131.56-369.33-207.2441.16155.8-330.18202.0610.9633.8-198.64-3.2614.4618.65-182.75-37.3260.3230.1
Change in Accounts Payable
113.2521.22-290.1570.9647.04335.64-90.2799.2276.28-56.33-77.94148.45-36.3316.05-31.75124.925.3198.03-36.71109.68
Change in Income Taxes
-88.94119.05-76.67-3.9182.680.17-155.674.95-83.98147.54-115.7186.9-177.88174.2-119.9673.04-75.33127.26-121.9223.92
Change in Other Net Operating Assets
98.23-161.15125.79205.34-129.33-373.04-91.8938.53-75.73-24.67-13.14-99.42-9.29-6.11-19.89-56.22-4.75-23.4314.61-49.44
Operating Cash Flow
419.32468.81926.55841.92112.22396.68941.6695.25325.61569.13757.65515.73294.41755.4767.64446.42457.31656.47679.17386.07
Operating Cash Flow Growth (YoY)
273.67%18.18%-1.60%21.09%-65.54%-30.30%24.28%34.81%10.60%-24.66%-1.30%15.53%-35.62%15.07%13.03%15.63%12.08%7.68%12.37%-19.77%

Investing Activities

Fiscal Quarter
Q2 2026Q1 2026Q4 2025Q3 2025Q2 2025Q1 2025Q4 2024Q3 2024Q2 2024Q1 2024Q4 2023Q3 2023Q2 2023Q1 2023Q4 2022Q3 2022Q2 2022Q1 2022Q4 2021Q3 2021
Period Ending
Jun '26 Mar '26 Dec '25 Sep '25 Jun '25 Mar '25 Dec '24 Sep '24 Jun '24 Mar '24 Dec '23 Oct '23 Jul '23 Apr '23 Dec '22 Oct '22 Jul '22 Apr '22 Dec '21 Oct '21
Capital Expenditures
-89.83-114.6-138.09-85.92-85.09-145.53-134.53-127.96-130.15-213.3-222.51-218.1-154.41-176.09-159.49-119.03-99.9-141.06-148.43-119.84
Cash Acquisitions
---756.14----75.5------165.82------1,182-1.31
Sale (Purchase) of Intangibles
-----73.6---------------
Investment in Securities
4.853.65-2.385.245.473.56-207.3-32.14-32.11-13.94-238.680.95-6.77-12.31-115.82-43.52-93.69-22.5-52.5-18.47
Other Investing Activities
2.54-6.170.070.29-1.58-5.026.340.510.1-0.32-1.94-2.36-0.710.09-2.093.566.57-0.4-0.590.01
Investing Cash Flow
-82.44-117.12-896.54-80.4-154.8-146.99-410.99-159.59-162.16-227.57-463.13-219.51-327.71-188.32-277.4-158.99-187.02-163.97-1,383-139.62

Financing Activities

Fiscal Quarter
Q2 2026Q1 2026Q4 2025Q3 2025Q2 2025Q1 2025Q4 2024Q3 2024Q2 2024Q1 2024Q4 2023Q3 2023Q2 2023Q1 2023Q4 2022Q3 2022Q2 2022Q1 2022Q4 2021Q3 2021
Period Ending
Jun '26 Mar '26 Dec '25 Sep '25 Jun '25 Mar '25 Dec '24 Sep '24 Jun '24 Mar '24 Dec '23 Oct '23 Jul '23 Apr '23 Dec '22 Oct '22 Jul '22 Apr '22 Dec '21 Oct '21
Short-Term Debt Issued
---------569.81----------
Long-Term Debt Issued
-----1,986--------------
Total Debt Issued
206.07----1.481,986124.24-127.2340.19569.81-100.04-39.89910.08-----529.05202.95
Short-Term Debt Repaid
--48----1,166--------90.7----65.64--
Long-Term Debt Repaid
--1.61----1.8----1.57----1.19----1.05--
Total Debt Repaid
46.49-49.611.98-252.15-287.43-1,168-301.88-1.45-1.46-1.57-1.87-1.18-660.48-91.89-101.5-121.8939.71-66.69-1.42-1.07
Net Debt Issued (Repaid)
252.56-49.611.98-252.15-288.92818.51-177.64-128.6838.73568.24-101.91-41.07249.6-91.89-101.5-121.8939.71-66.69527.63201.88
Issuance of Common Stock
1.05154.0410.324.22.740.885.54.184.11.762.236.8315.193.339.055.0616.7110.327.75
Repurchase of Common Stock
-375.82-80.24-1.6-0.99-3.62-12.57-2.27-0.53-3.61-520.6-25.93-1.13-4.66-268.2-34.49-0.78-156.82-232.39-0.47-24.88
Common Dividends Paid
-286.4-288-271.34-271.13-271.23-271.59-270.49-270.38-270.52-273.4-237.81-237.72-206.19-207.36-207.04-207.01-179.9-181.08-180.79-180.89
Other Financing Activities
-16.63-------------------
Financing Cash Flow
-425.24-402.84-266.92-513.95-559.57537.08-449.53-394.1-231.22-221.66-363.89-277.6945.57-552.25-339.69-320.63-291.95-463.45356.693.87

Net Cash Flow

Fiscal Quarter
Q2 2026Q1 2026Q4 2025Q3 2025Q2 2025Q1 2025Q4 2024Q3 2024Q2 2024Q1 2024Q4 2023Q3 2023Q2 2023Q1 2023Q4 2022Q3 2022Q2 2022Q1 2022Q4 2021Q3 2021
Period Ending
Jun '26 Mar '26 Dec '25 Sep '25 Jun '25 Mar '25 Dec '24 Sep '24 Jun '24 Mar '24 Dec '23 Oct '23 Jul '23 Apr '23 Dec '22 Oct '22 Jul '22 Apr '22 Dec '21 Oct '21
Foreign Exchange Rate Adjustments
2.62.28-0.263.11-0.76-2.2734.726.3314.43-1.410.026.56-26.45-18.38-14.421.2223.33-20.260.98-1
Net Cash Flow
-85.76-48.88-237.16250.67-602.91784.51115.8147.89-53.35118.5-69.3525.09-14.19-3.54136.15-11.981.678.79-346.25249.32

Free Cash Flow

Fiscal Quarter
Q2 2026Q1 2026Q4 2025Q3 2025Q2 2025Q1 2025Q4 2024Q3 2024Q2 2024Q1 2024Q4 2023Q3 2023Q2 2023Q1 2023Q4 2022Q3 2022Q2 2022Q1 2022Q4 2021Q3 2021
Period Ending
Jun '26 Mar '26 Dec '25 Sep '25 Jun '25 Mar '25 Dec '24 Sep '24 Jun '24 Mar '24 Dec '23 Oct '23 Jul '23 Apr '23 Dec '22 Oct '22 Jul '22 Apr '22 Dec '21 Oct '21
Free Cash Flow
329.49354.21788.47755.9927.13251.16807.08567.3195.45355.83535.14297.64140579.3608.16327.39357.41515.4530.74266.22
Free Cash Flow Growth (YoY)
1114.56%41.03%-2.31%33.26%-86.12%-29.42%50.82%90.60%39.61%-38.58%-12.01%-9.09%-60.83%12.40%14.59%22.98%21.21%4.09%16.69%-29.00%
Free Cash Flow Margin
11.82%11.41%25.51%23.76%1.04%8.95%27.95%18.99%9.42%10.94%20.14%9.82%5.62%19.39%22.93%12.00%15.06%19.33%22.82%11.28%
Free Cash Flow Per Share
1.631.743.883.710.131.243.972.790.961.742.611.450.682.812.951.591.732.492.561.28
Levered Free Cash Flow
217.8263.03609.72653.13.76185.06392.35447.64227.6997.24258.54304.0951.61414.45429.99250.17255.11333.37414.99166.21
Unlevered Free Cash Flow
252.64297.24645.8690.0939.56216.69418.5476.74255.39123.25283.57330.2576.72439.1452.95272.69276.23354.33434.01185.39

Additional Metrics

Fiscal Quarter
Q2 2026Q1 2026Q4 2025Q3 2025Q2 2025Q1 2025Q4 2024Q3 2024Q2 2024Q1 2024Q4 2023Q3 2023Q2 2023Q1 2023Q4 2022Q3 2022Q2 2022Q1 2022Q4 2021Q3 2021
Period Ending
Jun '26 Mar '26 Dec '25 Sep '25 Jun '25 Mar '25 Dec '24 Sep '24 Jun '24 Mar '24 Dec '23 Oct '23 Jul '23 Apr '23 Dec '22 Oct '22 Jul '22 Apr '22 Dec '21 Oct '21
Cash Interest Paid
38.617039.4964.0953.9838.3750.941.3553.6433.8949.0535.1443.5532.9940.9729.1336.8824.7835.3324.05
Cash Income Tax Paid
182.5924.3930.0645.0726.5738.9221.4614.81134.2531.2839.4535.35216.8712.2830.617.84162.8710.0275.4460.66
Change in Working Capital
-121.98-272.69326.61257.38-306.38-237.5138.6470.78-63.25-114.83111.77-196.46-324.6839.9263.76-117.92-28.68-25.08124.52-197.54
SEC Filings: 10-K · 10-Q