Hostess Brands, Inc.
TWNKDelisted Nov 7, 2023- Industry
- Bakery Products
- SEC CIK
- 0001644406
Hostess Brands, Inc. was delisted on Nov 7, 2023; its insiders filed their last Form 4 on Nov 7, 2023; 293 institutions reported holding it in 13F filings for Q3 2023, worth $4.41B in total; Maverick Capital was the only superinvestor holding it.
- Currency
- USD
- Source
- SEC XBRL data (10-K, 10-Q, 20-F, 40-F)
- Updated
- Oct 8, 2026, 1:49 PM ET
Revenue flow, FY2022
Where the revenue went in FY2022, from the income statement below. Green is profit; orange is costs, expenses and taxes. Percentages are shares of revenue; hover over a band or a bar for the exact amount.
Income statement
Each column is one fiscal year, newest first.
| Line item | FY2022 | FY2021 | FY2020 | FY2019 | FY2018 |
|---|---|---|---|---|---|
| Period end | Dec 31, 2022 | Dec 31, 2021 | Dec 31, 2020 | Dec 31, 2019 | Dec 31, 2018 |
| Filing | 10-K | 10-K | 10-K/A | 10-K | 10-K |
| Reported | Feb 21, 2023 | Mar 1, 2022 | Feb 24, 2021 | – | Feb 27, 2019 |
| Revenue | $1.36B | $1.14B | $1.02B | $907.7M | $850.4M |
| Cost of revenue | $892.5M | $732.1M | $661.0M | $607.8M | $583.1M |
| Gross profit | $465.7M | $410.0M | $355.6M | $299.8M | $267.3M |
| Operating expenses | $245.4M | $209.2M | $220.3M | $163.7M | $145.7M |
| Selling, general and administrative | $119.5M | $99.2M | $92.9M | $69.4M | $52.8M |
| Operating income | $220.3M | $200.7M | $135.3M | $136.1M | $121.6M |
| Interest expense | $41.0M | $39.8M | $42.8M | $39.9M | $39.4M |
| Income tax | $47.1M | $40.5M | $20.4M | $16.9M | $13.0M |
| Net income | $164.2M | $119.3M | $104.7M | $63.1M | $62.9M |
| EPS, basic | $1.20 | $0.91 | $0.84 | $0.57 | $0.63 |
| EPS, diluted | $1.19 | $0.86 | $0.51 | $0.55 | $0.61 |
| Weighted shares, basic | 136.8M | 131.6M | 124.9M | 110.5M | 100.0M |
| Weighted shares, diluted | 137.9M | 138.2M | 127.7M | 114.7M | 103.1M |
| Margins and growth | |||||
| Gross margin | 34.3% | 35.9% | 35.0% | 33.0% | 31.4% |
| Operating margin | 16.2% | 17.6% | 13.3% | 15.0% | 14.3% |
| Net margin | 12.1% | 10.4% | 10.3% | 7.0% | 7.4% |
| Revenue growth, year over year | +18.9% | +12.3% | +12.0% | +6.7% | – |
| Net income growth, year over year | +37.6% | +14.0% | +65.8% | +0.3% | – |
Balance sheet
Each column is one fiscal year, newest first.
| Line item | FY2022 | FY2021 | FY2020 | FY2019! | FY2018! |
|---|---|---|---|---|---|
| Period end | Dec 31, 2022 | Dec 31, 2021 | Dec 31, 2020 | Dec 31, 2019 | Dec 31, 2018 |
| Filing | 10-K | 10-K | 10-K/A | 10-K | 10-K |
| Reported | Feb 21, 2023 | Mar 1, 2022 | Feb 24, 2021 | – | Feb 27, 2019 |
| Cash and equivalents | $98.6M | $249.2M | $173.0M | $285.1M | $146.4M |
| Short-term investments | $17.9M | – | – | – | – |
| Accounts receivable | $168.8M | $148.2M | $125.5M | $104.9M | $105.7M |
| Inventory | $65.4M | $52.8M | $49.3M | $47.6M | $38.6M |
| Total current assets | $367.1M | $460.7M | $369.5M | $453.2M | $299.4M |
| Property, plant and equipment | $425.3M | $335.3M | $304.0M | $242.4M | $220.3M |
| Goodwill | $706.6M | $706.6M | $706.6M | $535.9M | $575.6M |
| Intangible assets | $1.92B | $1.94B | $1.97B | $1.85B | $1.90B |
| Total assets | $3.49B | $3.47B | $3.37B | $3.10B | $3.01B |
| Accounts payable | $85.7M | $68.1M | $61.4M | $68.6M | $65.3M |
| Total current liabilities | $224.3M | $193.6M | $190.4M | $159.9M | $141.1M |
| Total liabilities | $1.70B | $1.75B | $1.74B | $1.52B | $1.46B |
| Shareholders' equity | $1.80B | $1.72B | $1.62B | $1.49B | $1.20B |
Cash flow statement
Each column is one fiscal year, newest first. Free cash flow is operating cash flow minus capital expenditures.
| Line item | FY2022 | FY2021 | FY2020 | FY2019 | FY2018 |
|---|---|---|---|---|---|
| Period end | Dec 31, 2022 | Dec 31, 2021 | Dec 31, 2020 | Dec 31, 2019 | Dec 31, 2018 |
| Filing | 10-K | 10-K | 10-K/A | 10-K | 10-K |
| Reported | Feb 21, 2023 | Mar 1, 2022 | Feb 24, 2021 | – | Feb 27, 2019 |
| Operating cash flow | $248.8M | $203.0M | $159.2M | $144.0M | $143.7M |
| Capital expenditures | $119.4M | $60.8M | $52.0M | $34.9M | $44.6M |
| Free cash flow | $129.4M | $142.2M | $107.3M | $109.1M | $99.1M |
| Depreciation and amortization | $60.1M | $51.7M | $54.9M | $43.3M | $41.4M |
| Stock-based compensation | $10.4M | $9.59M | $8.67M | $9.23M | $5.60M |
| Share buybacks | $130.1M | $53.2M | $6.00M | – | – |
| Investing cash flow | -$147.9M | -$65.4M | -$374.3M | $22.9M | -$70.9M |
| Financing cash flow | -$249.8M | -$61.3M | $103.2M | -$28.1M | -$62.0M |
| Net change in cash | -$150.6M | $76.1M | -$112.1M | $138.7M | $10.7M |
| Ratio | |||||
| Stock-based compensation, % of revenue | 0.8% | 0.8% | 0.9% | 1.0% | 0.7% |
Shares outstanding
Common shares outstanding as stated on the cover of each 10-K and 10-Q. The date is the cover date, not the period end; a rising count means dilution.
| Cover date | Shares outstanding | Change in a year | Filing |
|---|---|---|---|
| Nov 3, 2023 | 132.9M | −0.7% | SEC |
| Aug 4, 2023 | 132.9M | −2.7% | SEC |
| May 5, 2023 | 132.9M | −3.9% | SEC |
| Oct 31, 2022 | 133.9M | −3.2% | SEC |
| Aug 1, 2022 | 136.5M | +4.9% | SEC |
| May 2, 2022 | 138.3M | +5.3% | SEC |
| Nov 8, 2021 | 138.4M | – | SEC |
| Aug 3, 2021 | 130.1M | – | SEC |
Notes and known gaps
How these numbers are put together, and what they can't tell you.
- Numbers come from the XBRL data in each period's original 10-K, 10-Q, 20-F or 40-F, or its amendment. They are shown as filed: later filings don't restate earlier periods here.
- Reported is the filing date of the first 8-K with Item 2.02 (results of operations) after the period ended, no later than the 10-Q or 10-K and within 120 days. Companies that release results only in the 10-Q, and foreign companies, which use Form 6-K, have none.
- A column marked ! failed an accounting identity (gross profit = revenue − cost of revenue, or assets = liabilities + equity, within 1%). Its numbers are shown as filed.
Known gaps
- Foreign companies that file Form 20-F or 40-F have annual statements only: their quarterly results are furnished on Form 6-K, which has no XBRL data.
- EPS and share counts are as reported at the time, not adjusted for later stock splits.
- For ADRs, EPS is per ordinary share, not per ADS (one TSMC ADS is five ordinary shares).
- For banks, revenue may be interest income only, depending on how the bank tags its filings; cost of revenue and gross profit are usually blank.
- Companies with several share classes, such as Berkshire Hathaway, may have no EPS and no cover share count.
- Depreciation and amortization is missing for some companies that report it under their own XBRL tags.