Tootsie Roll Q3 2024 Financials Filed

TL;DR

Tootsie Roll's Q3 2024 10-Q is in, showing equity changes. Check the numbers.

AI Summary

Tootsie Roll Industries, Inc. filed its 10-Q for the period ending September 30, 2024. The filing details financial performance and position, including changes in equity accounts like Additional Paid-In Capital and Common Stock for the third quarter and the first nine months of 2024 compared to the same periods in 2023. Specific dollar amounts for these equity components are presented as of September 30, 2024, and June 30, 2024.

Why It Matters

This filing provides investors with the latest financial snapshot of Tootsie Roll Industries, crucial for understanding the company's financial health and equity structure.

Risk Assessment

Risk Level: low — This is a routine quarterly financial filing with no immediate red flags.

Key Numbers

• $3.40B — Additional Paid-In Capital (Reported for the period ending 2024-09-30)

Key Players & Entities

• TOOTSIE ROLL INDUSTRIES INC (company) — Filer
• 20240930 (date) — Period of Report
• 20241108 (date) — Filing Date
• 7738383400 (dollar_amount) — Business Phone

FAQ

Key Financial Figures

• $0.694 — h registered: Common Stock, par value $0.694 per share TR New York Stock Exchang

Filing Documents

• tr-20240930x10q.htm (10-Q) — 1630KB
• tr-20240930xex31d1.htm (EX-31.1) — 13KB
• tr-20240930xex31d2.htm (EX-31.2) — 13KB
• tr-20240930xex32.htm (EX-32) — 13KB
• 0001558370-24-014977.txt ( ) — 7146KB
• tr-20240930.xsd (EX-101.SCH) — 28KB
• tr-20240930_cal.xml (EX-101.CAL) — 55KB
• tr-20240930_def.xml (EX-101.DEF) — 160KB
• tr-20240930_lab.xml (EX-101.LAB) — 325KB
• tr-20240930_pre.xml (EX-101.PRE) — 234KB
• tr-20240930x10q_htm.xml (XML) — 1684KB

Financial Statements

Financial Statements Condensed Consolidated Statements of Financial Position 3-4 Condensed Consolidated Statements of Earnings and Retained Earnings 5 Condensed Consolidated Statements of Comprehensive Earnings 6 Condensed Consolidated Statements of Cash Flows 7 Notes to Condensed Consolidated Financial Statements 8-16 Item 2.

Management's Discussion and Analysis of Financial Condition and Results of Operations

Management's Discussion and Analysis of Financial Condition and Results of Operations 17-23 Item 3.

Quantitative and Qualitative Disclosures About Market Risk

Quantitative and Qualitative Disclosures About Market Risk 23 Item 4.

Controls and Procedures

Controls and Procedures 23 Part II — Other Information Item 2. Unregistered Sales of Equity Securities, Use of Proceeds, and Issuer Purchases of Equity Securities 24 Item 6. Exhibits 25

Signatures

Signatures 25 This Quarterly Report on Form 10-Q contains "forward-looking statements" within the meaning of Section 27A of the Securities Act of 1933 and Section 21E of the Securities Exchange Act of 1934. See "Forward-Looking Statements" under Part I — Item 2 "Management's Discussion and Analysis of Financial Condition and Results of Operations" of this Quarterly Report on Form 10-Q. 2 Table of Contents

- FINANCIAL INFORMATION

PART I - FINANCIAL INFORMATION

FINANCIAL STATEMENTS

ITEM 1. FINANCIAL STATEMENTS TOOTSIE ROLL INDUSTRIES, INC. CONDENSED CONSOLIDATED STATEMENTS OF FINANCIAL POSITION (in thousands) (Unaudited) September 30, 2024 December 31, 2023 September 30, 2023 ASSETS CURRENT ASSETS: Cash and cash equivalents $ 91,711 $ 75,915 $ 47,320 Restricted cash 378 375 360 Investments 71,500 95,507 88,080 Accounts receivable trade, less allowances of $ 2,913 $ 2,245 and $ 3,302 72,519 55,568 80,118 Other receivables 5,386 9,165 5,563 Inventories: Finished goods and work-in-process 54,411 51,240 61,876 Raw materials and supplies 40,182 43,681 45,716 Prepaid expenses 7,317 9,200 7,027 Total current assets 343,404 340,651 336,060 PROPERTY, PLANT AND EQUIPMENT, at cost: Land 21,647 21,862 21,758 Buildings 144,856 144,949 143,013 Machinery and equipment 484,119 485,265 468,292 Construction in progress 23,812 11,277 21,163 Operating lease right-of-use assets 6,313 7,145 5,991 680,747 670,498 660,217 Less - accumulated depreciation 459,617 447,520 442,796 Net property, plant and equipment 221,130 222,978 217,421 OTHER ASSETS: Goodwill 73,237 73,237 73,237 Trademarks 175,024 175,024 175,024 Investments 318,344 255,606 243,205 Prepaid expenses and other assets 13,647 15,189 19,344 Deferred income taxes 1,431 1,706 1,617 Total other assets 581,683 520,762 512,427 Total assets $ 1,146,217 $ 1,084,391 $ 1,065,908 (The accompanying notes are an integral part of these statements.) 3 Table of Contents (in thousands except per share data) (Unaudited) September 30, 2024 December 31, 2023 September 30, 2023 LIABILITIES AND SHAREHOLDERS' EQUITY CURRENT LIABILITIES: Accounts payable $ 20,572 $ 15,816 $ 22,696 Bank loans 1,078 1,088 1,018 Dividends payable 6,426 6,250 6,261 Accrued liabilities 65,044 61,690 72,329 Postretirement health

View Full Filing

View this 10-Q filing on SEC EDGAR