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HSY » Topics » OFF-BALANCE SHEET ARRANGEMENTS, CONTRACTUAL OBLIGATIONS AND CONTINGENT LIABILITIES AND COMMITMENTS

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

OFF-BALANCE SHEET ARRANGEMENTS, CONTRACTUAL OBLIGATIONS AND CONTINGENT LIABILITIES AND COMMITMENTS

As of December 31, 2009, our contractual cash obligations by year were as follows:

 

     Payments Due by Year
     In thousands of dollars

Contractual Obligations

    2010    2011    2012    2013    2014    Thereafter    Total

Unconditional Purchase Obligations

    $ 1,111,200    $ 589,500    $ 356,100    $ 234,900    $ —      $ —      $ 2,291,700

Non-cancelable Operating Leases

      14,020      11,171      10,106      6,422      6,174      13,599      61,492

Long-term Debt

      15,247      253,707      150,967      250,000      —        848,056      1,517,977
                                                

Total Obligations

    $ 1,140,467    $ 854,378    $ 517,173    $ 491,322    $ 6,174    $ 861,655    $ 3,871,169
                                                

In entering into contractual obligations, we have assumed the risk that might arise from the possible inability of counterparties to meet the terms of their contracts. We mitigate this risk by performing financial assessments prior to contract execution, conducting periodic evaluations of counterparty performance and maintaining a diverse portfolio of qualified counterparties. Our risk is limited to replacing the contracts at prevailing market rates. We do not expect any significant losses resulting from counterparty defaults.

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

OFF-BALANCE SHEET ARRANGEMENTS, CONTRACTUAL OBLIGATIONS AND CONTINGENT LIABILITIES AND COMMITMENTS

As of December 31, 2008, our contractual cash obligations by year were as follows:

 

     Payments Due by Year
     In thousands of dollars

Contractual Obligations

    2009    2010    2011    2012    2013    Thereafter    Total

Unconditional Purchase Obligations

    $ 1,103,400    $ 492,400    $ 122,100    $ 84,900    $ —      $ —      $ 1,802,800

Non-cancelable Operating Leases

      14,857      11,188      8,911      7,960      4,269      13,919      61,104

Long-term Debt

      18,384      2,990      253,298      151,799      250,000      847,867      1,524,338
                                                

Total Obligations

    $ 1,136,641    $ 506,578    $ 384,309    $ 244,659    $ 254,269    $ 861,786    $ 3,388,242
                                                

In entering into contractual obligations, we have assumed the risk that might arise from the possible inability of counterparties to meet the terms of their contracts. We mitigate this risk by performing financial assessments prior to contract execution, conducting periodic evaluations of counterparty performance and maintaining a diverse portfolio of qualified counterparties. Our risk is limited to replacing the contracts at prevailing market rates. We do not expect any significant losses resulting from counterparty defaults.

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

OFF-BALANCE SHEET ARRANGEMENTS, CONTRACTUAL OBLIGATIONS AND CONTINGENT LIABILITIES AND COMMITMENTS

As of December 31, 2007, our contractual cash obligations by year were as follows:

 

     Payments Due by Year
     (In thousands of dollars)

Contractual Obligations

    2008    2009    2010    2011    2012    Thereafter    Total

Unconditional Purchase Obligations

    $ 1,058,200    $ 618,000    $ 277,500    $ 99,300    $ —      $ —      $ 2,053,000

Non-cancelable Operating Leases

      15,376      11,901      7,458      6,314      5,419      7,937      54,405

Long-term Debt

      6,104      8,034      8,240      256,596      154,103      852,992      1,286,069
                                                

Total Obligations

    $ 1,079,680    $ 637,935    $ 293,198    $ 362,210    $ 159,522    $ 860,929    $ 3,393,474
                                                

In entering into contractual obligations, we have assumed the risk that might arise from the possible inability of counterparties to meet the terms of their contracts. Our risk is limited to replacing the contracts at prevailing market rates. We do not expect any significant losses resulting from counterparty defaults.

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

OFF-BALANCE SHEET ARRANGEMENTS, CONTRACTUAL OBLIGATIONS AND CONTINGENT LIABILITIES AND COMMITMENTS

As of December 31, 2006, our contractual cash obligations by year were as follows:

 

    Payments Due by Year
    (In thousands of dollars)

Contractual Obligations

   2007   2008   2009   2010   2011   Thereafter   Total

Unconditional Purchase Obligations

   $ 1,023,500   $ 271,800   $ 72,300   $ 25,100   $ —     $ —     $ 1,392,700

Non-cancelable Operating Leases

     14,334     12,969     9,124     6,511     5,892     16,091     64,921

Long-term Debt

     188,765     144     147     136     250,000     997,701     1,436,893
                                         

Total Obligations

   $ 1,226,599   $ 284,913   $ 81,571   $ 31,747   $ 255,892   $ 1,013,792   $ 2,894,514
                                         

In entering into contractual obligations, we have assumed the risk that might arise from the possible inability of counterparties to meet the terms of their contracts. Our risk is limited to replacing the contracts at prevailing market rates. We do not expect any significant losses resulting from counterparty defaults.

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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