HSY · 10-Q · 2026Q3 · Full report

Operating Cash Flow Trends

HERSHEY CO · 2026-10-29 · Importance 48 · Surprise 40 · In source text

Cash from operating activities increased $288.0 million to $1,638.8 million in the first nine months of 2026 from $1,350.8 million in 2025. Net income adjusted for non-cash charges contributed $486.2 million of higher cash flow, while other assets and liabilities consumed $31.1 million versus $287.1 million a year earlier. Select working-capital items consumed $428.7 million, compared with $148.4 million, and income-tax cash payments rose to $403.9 million from $110.6 million.

Key facts

• Hershey generated $1,638.8 million from operating activities in the first nine months of 2026, up $288.0 million from $1,350.8 million in the same period of 2025. source
• Net income adjusted for non-cash operating charges resulted in $486.2 million of higher operating cash flow in the first nine months of 2026 relative to 2025. source
• Hershey paid $403.9 million of income taxes in the first nine months of 2026, compared with $110.6 million in the same period of 2025. source
• Select net working capital items consumed $428.7 million of cash in the first nine months of 2026, compared with $148.4 million in 2025; the $280.3 million fluctuation was mainly driven by higher trade receivables due to sales and collection timing. source
• Other assets and liabilities consumed $31.1 million of cash in the first nine months of 2026, compared with $287.1 million in 2025, a $255.9 million fluctuation primarily driven by timing of prepaid expenses and other current assets. source

Impact estimates