Hershey was founded in 1909 and is headquartered in Hershey, US

Chairman, President & CEO

SVP & CFO

SVP & CHRO

SVP, General Counsel and Secretary

SVP & Chief Administrative Officer

Hershey has offices in Hershey, New York, Chicago, Niagara Falls and in 3 other locations

Hershey, US (HQ)

100 Crystal A Drive

Singapore, SG

Sentosa Gateway #01-075/076/077

Dubai, AE

Level 2 197/198, PO Box 49562

Shanghai, CN

290 Middle Xi Zang Road, Huangpu District

Niagara Falls, CA

5701 Falls Avenue

Chicago, US

822 North Michigan Ave.

New York, US

48th & Broadway

## Revenue (2016) | $7.4 b |

## Revenue growth (2015-16), % | 1% |

## Gross profit | $3.2 b |

## Gross profit margin (2016), % | 42% |

## Net income (2016) | $720 m |

## Market capitalization (21-Mar-2017) | $23 b |

## Closing share price (21-Mar-2017) | $108.9 |

## Cash (31-Dec-2016) | $297 m |

Hershey's current market capitalization is $23 b.

Hershey's revenue was reported to be $7.4 b in FY, 2016 which is a **0.7% increase** from the previous period.

FY, 2010^{} | FY, 2011^{} | FY, 2012^{} | FY, 2013^{} | FY, 2014^{} | FY, 2015^{} | FY, 2016^{} | |
---|---|---|---|---|---|---|---|

## Revenue | $7.1 b | $7.4 b | $7.4 b | $7.4 b | |||

## Revenue growth, % | 4% | (0%) | 1% | ||||

## Cost of goods sold | $3.3 b | $3.5 b | $3.8 b | $3.9 b | $4.1 b | $4 b | $4.3 b |

## Gross profit | $3.3 b | $3.3 b | $3.4 b | $3.2 b | |||

## Gross profit Margin, % | 46% | 45% | 46% | 42% | |||

## Operating expense total | $5.8 b | $6 b | $6.3 b | ||||

## EBIT | $1.3 b | $1.4 b | $1 b | $1.2 b | |||

## EBIT margin, % | 19% | 19% | 14% | 16% | |||

## Interest expense | $88.4 m | $83.5 m | $105.8 m | $90.1 m | |||

## Pre tax profit | $1.3 b | $1.3 b | $901.8 m | $1.1 b | |||

## Income tax expense | $299.1 m | $333.9 m | $354.6 m | $430.8 m | $459.1 m | $388.9 m | $379.4 m |

## Net Income | $820.5 m | $846.9 m | $513 m | $720 m |

Y, 2009^{} | Y, 2010^{} | Y, 2011^{} | Y, 2012^{} | FY, 2013^{} | FY, 2014^{} | FY, 2015^{} | FY, 2016^{} | |
---|---|---|---|---|---|---|---|---|

## Cash | $253.6 m | $884.6 m | $693.7 m | $728.3 m | $1.1 b | $374.9 m | $346.5 m | $297 m |

## Inventories | $659.5 m | $801 m | $751 m | $745.7 m | ||||

## Current Assets | $2.5 b | $2.2 b | $1.8 b | $1.8 b | ||||

## PP&E | $2.2 b | $2.2 b | $2.2 b | |||||

## Goodwill | $576.6 m | $793 m | $684.3 m | $812.3 m | ||||

## Total Assets | $5.4 b | $5.6 b | $5.3 b | $5.5 b | ||||

## Accounts Payable | $461.5 m | $482 m | $474.3 m | $522.5 m | ||||

## Total Debt | $1.8 b | $1.8 b | $2.1 b | $2.3 b | ||||

## Current Liabilities | $1.4 b | $1.9 b | $2.2 b | $1.9 b | ||||

## Common Stock | $299.3 m | |||||||

## Preferred Stock | ||||||||

## Additional Paid-in Capital | $664.9 m | $754.2 m | $783.9 m | $869.9 m | ||||

## Retained Earnings | $5.5 b | $5.9 b | $5.9 b | $6.1 b | ||||

## Total Equity | $1.6 b | $1.5 b | $1 b | $827.7 m | ||||

## Debt to Equity Ratio | 1.1 x | 1.2 x | 2 x | 2.8 x | ||||

## Debt to Assets Ratio | 0.3 x | 0.3 x | 0.4 x | 0.4 x | ||||

## Financial Leverage | 3.3 x | 3.7 x | 5.1 x | 6.7 x |

FY, 2013^{} | FY, 2014^{} | FY, 2015^{} | FY, 2016^{} | |
---|---|---|---|---|

## Net Income | $820.5 m | $846.9 m | $513 m | $720 m |

## Inventories | ($26.3 m) | ($88.5 m) | $52 m | $14 m |

## Accounts Payable | $13.4 m | |||

## Cash From Operating Activities | $838.2 m | $1.2 b | $983.5 m | |

## Cash From Investing Activities | ($862.6 m) | ($477.3 m) | ($595.5 m) | |

## Long-term Borrowings | ($250.8 m) | ($1.4 m) | ($355.4 m) | ($500 m) |

## Dividends Paid | ($440.4 m) | ($476.1 m) | ($499.5 m) | |

## Interest Paid | $92.6 m | $87.8 m | $88.4 m | $91 m |

## Income Taxes Paid | $373.9 m | $384.3 m | $368.9 m | $425.5 m |

Source: 40 public H-1B filings from Hershey