Company: TR
Filing Date: 2025-08-08
Form Type: 10-Q
Source: 0001558370-25-010878
Chunk: 2

Company: TOOTSIE ROLL INDUSTRIES INC
Filing Date: 2025-08-08
Form: 10-Q
Item: Part I, Item 1F
Chunk 2
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ITEM 1. FINANCIAL STATEMENTS

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TOOTSIE ROLL INDUSTRIES, INC.

CONDENSED CONSOLIDATED STATEMENTS OF FINANCIAL POSITION

(in thousands) (Unaudited)

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​​​​​​​​​​​​​​​​​​​​​​June 30, 2025​December 31, 2024​June 30, 2024​​​​​​​​​​ASSETS​​​​​​​​​​​​​​​​​​​CURRENT ASSETS:​​​​​​​​​Cash and cash equivalents   $ 120,521    $ 138,841    $ 45,623Restricted cash ​​ 400​​ 352​​ 364Investments​​ 50,010​​ 55,789​​ 85,548Accounts receivable trade, less allowances of $2,593, $2,184 and $2,494​​ 48,698​​ 43,811​​ 45,565Other receivables​​ 6,845​​ 6,832​​ 7,049Inventories:​​​​​​​​​Finished goods and work-in-process​​ 81,838​​ 43,603​​ 84,410Raw materials and supplies​​ 45,704​​ 34,022​​ 44,889Prepaid expenses​​ 10,750​​ 10,355​​ 10,429Total current assets​​ 364,766​​ 333,605​​ 323,877​​​​​​​​​​PROPERTY, PLANT AND EQUIPMENT, at cost:​​​​​​​​​Land​​ 21,783​​ 21,710​​ 21,669Buildings​​ 148,991​​ 148,778​​ 144,802Machinery and equipment​​ 500,922​​ 499,210​​ 484,409Construction in progress​​ 17,942​​ 6,820​​ 18,803Operating lease right-of-use assets​​ 5,554​​ 6,043​​ 6,607​​​ 695,192​​ 682,561​​ 676,290Less - accumulated depreciation​​ 472,314​​ 462,758​​ 455,555Net property, plant and equipment​​ 222,878​​ 219,803​​ 220,735​​​​​​​​​​OTHER ASSETS:​​​​​​​​​Goodwill​​ 73,237​​ 73,237​​ 73,237Trademarks​​ 175,024