| Historical Financial Analysis |
| | | Dec. 2018 | | Dec. 2017 | | Dec. 2016 |
| | CURRENT ASSETS: |
| | Cash and cash equivalents | $110,899.00 | | $96,314.00 | | $119,145.00 |
| | Restricted cash | $388.00 | | $406.00 | | $382.00 |
| | Investments | $75,140.00 | | $41,606.00 | | $67,513.00 |
| | Accounts receivable trade, less allowances of $1,921 and $1,884 | $49,777.00 | | $47,354.00 | | $42,964.00 |
| | Other receivables | $2,941.00 | | $5,425.00 | | $3,299.00 |
| | Inventories: |
| | Finished goods and work-in-process | $32,159.00 | | $31,922.00 | | $34,631.00 |
| | Raw materials and supplies | $22,365.00 | | $22,905.00 | | $22,900.00 |
| | Income taxes receivable | | | $12,974.00 | | $1,444.00 |
| | Prepaid expenses | $10,377.00 | | $12,014.00 | | $5,702.00 |
| | Deferred income taxes | | | — | | $1,320.00 |
| | Total current assets | $304,046.00 | | $270,920.00 | | $299,300.00 |
| | PROPERTY, PLANT AND EQUIPMENT, at cost: |
| | Land | $21,726.00 | | $21,962.00 | | $22,081.00 |
| | Buildings | $121,780.00 | | $118,491.00 | | $116,398.00 |
| | Machinery and equipment | $401,037.00 | | $381,665.00 | | $369,802.00 |
| | Construction in progress | $3,408.00 | | $4,866.00 | | $3,546.00 |
| | | | | $526,984.00 | | $511,827.00 |
| | Less—Accumulated depreciation | $361,850.00 | | $348,012.00 | | $330,922.00 |
| | Net property, plant and equipment | $168,101.00 | | $178,972.00 | | $180,905.00 |
| | OTHER ASSETS: |
| | Goodwill | $73,237.00 | | $73,237.00 | | $73,237.00 |
| | Trademarks | $175,024.00 | | $175,024.00 | | $175,024.00 |
| | Investments | $170,409.00 | | $190,510.00 | | $164,665.00 |
| | Split dollar officer life insurance | $26,042.00 | | $26,042.00 | | $26,042.00 |
| | Prepaid expenses and other | $11,980.00 | | $15,817.00 | | $602.00 |
| | Deferred income taxes | $522.00 | | $424.00 | | $326.00 |
| | Total other assets | $457,214.00 | | $481,054.00 | | $439,896.00 |
| | Total assets | $947,361.00 | | $930,946.00 | | $920,101.00 |
| | CURRENT LIABILITIES: |
| | Accounts payable | $11,817.00 | | $11,928.00 | | $10,320.00 |
| | Bank loans | $373.00 | | $440.00 | | $336.00 |
| | Dividends payable | $5,772.00 | | $5,660.00 | | $5,573.00 |
| | Accrued liabilities | $42,849.00 | | $45,157.00 | | $46,300.00 |
| | Postretirement health care benefits | $580.00 | | $603.00 | | $513.00 |
| | Deferred income taxes | $61,391.00 | | — | | $519.00 |
| | Total current liabilities | $61,391.00 | | $63,788.00 | | $63,561.00 |
| | NONCURRENT LIABILITIES: |
| | Deferred income taxes | $43,941.00 | | $41,457.00 | | $46,060.00 |
| | Bank loans | $373.00 | | — | | $230.00 |
| | Postretirement health care benefits | $7,500.00 | | $12,894.00 | | $11,615.00 |
| | Industrial development bonds | $3,816.00 | | $7,500.00 | | $7,500.00 |
| | Liability for uncertain tax positions | $3,816.00 | | $4,817.00 | | $5,185.00 |
| | Deferred compensation and other liabilities | $43,941.00 | | $66,686.00 | | $74,412.00 |
| | Total noncurrent liabilities | $135,473.00 | | $133,354.00 | | $145,002.00 |
| | TOOTSIE ROLL INDUSTRIES, INC. SHAREHOLDERS’ EQUITY: |
| | Common stock, $.69-4/9 par value— 120,000 shares authorized— 37,960 and 37,701, respectively, issued | $26,767.00 | | $26,361.00 | | $26,181.00 |
| | Class B common stock, $.69-4/9 par value— 40,000 shares authorized— 24,891 and 24,221, respectively, issued | $17,767.00 | | $17,285.00 | | $16,820.00 |
| | Capital in excess of par value | $696,535.00 | | $656,752.00 | | $646,768.00 |
| | Retained earnings | $33,764.00 | | $57,225.00 | | $43,833.00 |
| | Accumulated other comprehensive loss | -$22,222.00 | | -$21,791.00 | | -$20,246.00 |
| | Treasury stock (at cost)— 85 shares and 83 shares, respectively | -$1,992.00 | | -$1,992.00 | | -$1,992.00 |
| | Total Tootsie Roll Industries, Inc. shareholders’ equity | $750,622.00 | | $733,840.00 | | $711,364.00 |
| | Noncontrolling interests | -$125.00 | | -$36.00 | | $174.00 |
| | Total equity | $750,497.00 | | | | $711,538.00 |
| | Total liabilities | $196,864.00 | $0.00 | $197,142.00 | $0.00 | $208,563.00 |
| | Total liabilities and shareholders’ equity | $947,361.00 | 947361% | $930,946.00 | 930946% | $920,101.00 | 920101% | 947361:930946:920101 |
| | | | | | | Ratio | | 9473.61:9309.46:9201.01 |
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HistoricalAnalysis1.xlsx
