Company: TR
Filing Date: 2025-05-09
Form Type: 10-Q
Source: 0001558370-25-007150
Chunk: 2

Company: TOOTSIE ROLL INDUSTRIES INC
Filing Date: 2025-05-09
Form: 10-Q
Item: Part I, Item 1F
Chunk 2
---
ITEM 1. FINANCIAL STATEMENTS

​

TOOTSIE ROLL INDUSTRIES, INC.

CONDENSED CONSOLIDATED STATEMENTS OF FINANCIAL POSITION

(in thousands) (Unaudited)

​

​​​​​​​​​​​​​​​​​​​​​​March 31, 2025​December 31, 2024​March 31, 2024​​​​​​​​​​ASSETS​​​​​​​​​​​​​​​​​​​CURRENT ASSETS:​​​​​​​​​Cash and cash equivalents   $ 119,528    $ 138,841    $ 64,886Restricted cash ​​ 367​​ 352​​ 367Investments​​ 57,079​​ 55,789​​ 94,475Accounts receivable trade, less allowances of $2,337, $2,184 and $2,543​​ 39,914​​ 43,811​​ 44,257Other receivables​​ 6,125​​ 6,832​​ 6,412Inventories:​​​​​​​​​Finished goods and work-in-process​​ 57,047​​ 43,603​​ 61,498Raw materials and supplies​​ 39,407​​ 34,022​​ 46,775Prepaid expenses​​ 9,649​​ 10,355​​ 9,870Total current assets​​ 329,116​​ 333,605​​ 328,540​​​​​​​​​​PROPERTY, PLANT AND EQUIPMENT, at cost:​​​​​​​​​Land​​ 21,723​​ 21,710​​ 21,864Buildings​​ 148,804​​ 148,778​​ 144,966Machinery and equipment​​ 499,519​​ 499,210​​ 485,012Construction in progress​​ 11,797​​ 6,820​​ 14,182Operating lease right-of-use assets​​ 5,791​​ 6,043​​ 6,896​​​ 687,634​​ 682,561​​ 672,920Less - accumulated depreciation​​ 467,341​​ 462,758​​ 451,829Net property, plant and equipment​​ 220,293​​ 219,803​​ 221,091​​​​​​​​​​OTHER ASSETS:​​​​​​​​​Goodwill​​ 73,237​​ 73,237​​ 73,237Trademarks​​ 175,024