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HSY » Topics » Cash Flows from Financing Activities

This excerpt taken from the HSY 10-K filed Feb 19, 2010.

Cash Flows from Financing Activities

Our cash flows provided from (used by) financing activities were as follows:

 

For the years ended December 31,

    2009     2008     2007  
In thousands of dollars                   

Net change in short-term borrowings

    $ (458,047 )    $ (371,393 )    $ 195,055  

Long-term borrowings

      —          247,845       —     

Repayment of long-term debt

      (8,252 )      (4,977 )      (188,891 ) 

Cash dividends paid

      (263,403 )      (262,949 )      (252,263 ) 

Exercise of stock options

      32,773       38,383       59,958  

Contributions from noncontrolling interests in subsidiaries

      7,322       —          —     

Repurchase of Common Stock

      (9,314 )      (60,361 )      (256,285 ) 
                        

Net cash used by financing activities

    $ (698,921 )    $ (413,452 )    $ (442,426 ) 
                        

 

33

  •  

We use short-term borrowings (commercial paper and bank borrowings) to fund seasonal working capital requirements and ongoing business needs. Additional information on short-term borrowings is included under Borrowing Arrangements below.

 

  •  

In March 2008, we issued $250 million of 5.0% Notes due in 2013. The Notes were issued under a shelf registration statement on Form S-3 filed in May 2006 described under Registration Statements below.

 

  •  

In March 2007, we repaid $150.0 million of 6.95% Notes due in 2007.

 

  •  

We paid cash dividends of $198.4 million on our Common Stock and $65.0 million on our Class B Stock in 2009.

 

  •  

Cash received from the exercise of stock options was partially offset by cash used for the repurchase of Common Stock.

This excerpt taken from the HSY 10-K filed Feb 20, 2009.

Cash Flows from Financing Activities

Our cash flows provided from (used by) financing activities were as follows:

 

For the years ended December 31,

    2008     2007     2006  
In thousands of dollars                   

Net change in short-term borrowings

    $ (371,393 )   $ 195,055     $ (163,826 )

Long-term borrowings

      247,845       —         496,728  

Repayment of long-term debt

      (4,977 )     (188,891 )     (234 )

Cash dividends paid

      (262,949 )     (252,263 )     (235,129 )

Exercise of stock options

      38,383       59,958       46,386  

Repurchase of Common Stock

      (60,361 )     (256,285 )     (621,648 )
                        

Net cash used by financing activities

    $ (413,452 )   $ (442,426 )   $ (477,723 )
                        

 

  •  

We use short-term borrowings (commercial paper and bank borrowings) to fund seasonal working capital requirements and ongoing business needs. Additional information on short-term borrowings is included under Borrowing Arrangements below.

 

  •  

In March 2008, we issued $250 million of 5.0% Notes due in 2013. The Notes were issued under a shelf registration statement on Form S-3 filed in May 2006 described under Registration Statements below.

 

  •  

In March 2007, we repaid $150.0 million of 6.95% Notes due in 2007.

 

  •  

In August 2006, we issued $250 million of 5.3% Notes due in 2011 and $250 million of 5.45% Notes due in 2016 under the shelf registration statement on Form S-3 filed in May 2006.

 

  •  

We paid cash dividends of $197.8 million on our Common Stock and $65.1 million on our Class B Stock in 2008.

 

  •  

Cash used for the repurchase of Common Stock was partially offset by cash received from the exercise of stock options.

This excerpt taken from the HSY 10-K filed Feb 19, 2008.

Cash Flows from Financing Activities

Our cash flows provided from (used by) financing activities were as follows:

 

For the years ended December 31,

    2007     2006     2005  
In thousands of dollars                   

Net change in short-term borrowings

    $ 195,055     $ (163,826 )   $ 475,582  

Long-term borrowings

      —         496,728       248,318  

Repayment of long-term debt

      (188,891 )     (234 )     (278,236 )

Cash dividends paid

      (252,263 )     (235,129 )     (221,235 )

Exercise of stock options

      59,958       46,386       101,818  

Repurchase of Common Stock

      (256,285 )     (621,648 )     (536,997 )
                        

Net cash used by financing activities

    $ (442,426 )   $ (477,723 )   $ (210,750 )
                        

 

  •  

We use short-term borrowings (commercial paper and bank borrowings) to fund seasonal working capital requirements and ongoing business needs. Additional information on short-term borrowings is included under Borrowing Arrangements below.

32

Table of Contents

 

  •  

In January 2007, we exercised our option to purchase a warehouse and distribution facility subject to a consolidated lease arrangement and refinanced the related obligation of $38.7 million.

 

  •  

In March 2007, we repaid $150.0 million of 6.95% Notes due in 2007.

 

  •  

In August 2006, we issued $250 million of 5.3% Notes due in 2011 and $250 million of 5.45% Notes due in 2016. The Notes were issued under a shelf registration statement on Form S-3 filed in May 2006 described under Registration Statements below.

 

  •  

In August 2005, we issued $250 million of 4.85% Notes due in 2015 under an August 1997 Form S-3 Registration Statement.

 

  •  

We paid cash dividends of $190.2 million on our Common Stock and $62.1 million on our Class B Stock in 2007.

 

  •  

Cash used for the repurchase of Common Stock was partially offset by cash received from the exercise of stock options.

This excerpt taken from the HSY 10-K filed Feb 23, 2007.

Cash Flows from Financing Activities

Our cash flows provided from (used by) financing activities were as follows:

 

For the years ended December 31,

    2006     2005     2004  
In thousands of dollars                   

Net change in short-term borrowings

    $ (163,826 )   $ 475,582     $ 331,245  

Long-term borrowings

      496,728       248,318       —    

Repayment of long-term debt

      (234 )     (278,236 )     (883 )

Cash dividends paid

      (235,129 )     (221,235 )     (205,747 )

Stock options exercises

      46,386       101,818       89,330  

Repurchase of Common Stock

      (621,648 )     (536,997 )     (698,910 )
                        

Net cash used by financing activities

    $ (477,723 )   $ (210,750 )   $ (484,965 )
                        

 

27

  •  

We use short-term borrowings (commercial paper and bank borrowings) to fund seasonal working capital requirements and finance share repurchase programs. Additional information on short-term borrowings is included under Borrowing Arrangements below.

 

  •  

In August 2006, we issued $250 million of 5.3% Notes due in 2011 and $250 million of 5.45% Notes due in 2016. The Notes were issued under a shelf registration statement on Form S-3 filed in May 2006 described under Registration Statements below.

 

  •  

In August 2005, we issued $250 million of 4.85% Notes due in 2015 under an August 1997 Form S-3 Registration Statement.

 

  •  

We paid cash dividends of $178.9 million on our Common Stock and $56.3 million on our Class B Stock in 2006.

 

  •  

Cash used for the repurchase of Common Stock was partially offset by cash received from the exercise of stock options.

EXCERPTS ON THIS PAGE:

10-K
Feb 19, 2010
10-K
Feb 20, 2009
10-K
Feb 19, 2008
10-K
Feb 23, 2007

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