Company: TR
Filing Date: 2025-11-07
Form Type: 10-Q
Source: 0001104659-25-108351
Chunk: 2

Company: TOOTSIE ROLL INDUSTRIES INC
Filing Date: 2025-11-07
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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​​​​​​​​​​​​​​​​​​​​​​September 30, 2025​December 31, 2024​September 30, 2024​​​​​​​​​​ASSETS​​​​​​​​​​​​​​​​​​​CURRENT ASSETS:​​​​​​​​​Cash and cash equivalents   $ 78,895    $ 138,841    $ 91,711Restricted cash ​​ 398​​ 352​​ 378Investments​​ 40,935​​ 55,789​​ 71,500Accounts receivable trade, less allowances of $3,154, $2,184 and $2,913​​ 72,975​​ 43,811​​ 72,519Other receivables​​ 6,486​​ 6,832​​ 5,386Inventories:​​​​​​​​​Finished goods and work-in-process​​ 56,448​​ 43,603​​ 54,411Raw materials and supplies​​ 39,661​​ 34,022​​ 40,182Prepaid expenses​​ 7,408​​ 10,355​​ 7,317Total current assets​​ 303,206​​ 333,605​​ 343,404​​​​​​​​​​PROPERTY, PLANT AND EQUIPMENT, at cost:​​​​​​​​​Land​​ 21,795​​ 21,710​​ 21,647Buildings​​ 149,041​​ 148,778​​ 144,856Machinery and equipment​​ 501,489​​ 499,210​​ 484,119Construction in progress​​ 29,208​​ 6,820​​ 23,812Operating lease right-of-use assets​​ 5,293​​ 6,043​​ 6,313​​​ 706,826​​ 682,561​​ 680,747Less - accumulated depreciation​​ 476,806​​ 462,758​​ 459,617Net property, plant and equipment​​ 230,020​​ 219,803​​ 221,130​​​​​​​​​​OTHER ASSETS:​​​​​​​​​Goodwill​​ 73,237​​ 73,237​​ 73,237Trademarks​​ 175,024