The Kraft Heinz Company (KHC) Financial Statements (2024 and earlier)

Company Profile

Business Address ONE PPG PLACE
PITTSBURGH, PA 15222
State of Incorp. DE
Fiscal Year End December 31
Industry (SIC) 203 - Canned, Frozen, And Preserved Fruits, Vegetables, and Food Specialties (benchmarking)
More info Complete Financial Analysis Financial Benchmarking

Balance Sheet (Statement of Financial Position) ($ in millions)

9/30/2023
MRQ
12/31/2022
12/31/2021
12/31/2020
12/31/2019
12/31/2018
12/31/2017
ASSETS
Current Assets
Cash, cash equivalents, and short-term investments1,0403,4453,4172,2791,1301,629
Cash and cash equivalents1,0403,4453,4172,2791,1301,629
Restricted cash and investments      140
Receivables2,1201,9572,0632,1462,2811,503
Inventory, net of allowances, customer advances and progress billings3,6512,7292,5542,7212,6672,815
Inventory3,6512,7292,5542,7212,6672,815
Prepaid expense240136351384400 
Disposal group, including discontinued operation4111,8631221,376 
Other current assets8427165744451,221966
Other undisclosed current assets      213
Total current assets:7,8978,99410,8228,0979,0757,266
Noncurrent Assets
Finance lease, right-of-use asset, after accumulated amortization 121126  
Operating lease, right-of-use asset 668569  
Property, plant and equipment    7,0557,0787,120
Intangible assets, net (including goodwill)73,48274,83879,75684,19885,971104,273
Goodwill30,83331,29633,08935,54636,50344,824
Intangible assets, net (excluding goodwill)42,64943,54246,66748,65249,46859,449
Regulated entity, other noncurrent assets 8897130   
Restricted cash and investments111   
Other noncurrent assets2,3942,7562,3762,1001,3371,573
Other undisclosed noncurrent assets5,8626,0136,745   
Total noncurrent assets:82,61684,40089,00893,35394,386112,966
TOTAL ASSETS:90,51393,39499,830101,450103,461120,232
LIABILITIES AND EQUITY
Liabilities
Current Liabilities
Accounts payable and accrued liabilities5,9976,3665,6085,0345,2835,700
Interest and dividends payable264268358384408419
Taxes payable136541   152
Accounts payable4,8484,7534,3044,0034,1534,449
Accrued liabilities749804946647722680
Debt8377542361,0283983,203
Postemployment benefits liability      51
Disposal group, including discontinued operation   17955 
Other liabilities2,1941,9442,2001,8041,7671,178
Total current liabilities:9,0289,0648,0617,8757,50310,132
Noncurrent Liabilities
Long-term debt and lease obligation, including:19,23321,06128,07028,21630,77028,333
Finance lease, liability 9398 158
Other undisclosed long-term debt and lease obligation19,14020,47928,07027,60430,77028,333
Liabilities, other than long-term debt13,38213,81713,45613,6101,20815,520
Deferred revenue1,4771,534  
Deferred tax liabilities, net 14,076
Deferred income tax liabilities10,15210,53611,46211,878
Liability, pension and other postretirement and postemployment benefits144205243273306427
Other liabilities1,6091,5421,7511,4599021,017
Operating lease, liability  484 454
Other undisclosed noncurrent liabilities     12,202 
Total noncurrent liabilities:32,61534,87841,52641,82644,18043,853
Total liabilities:41,64343,94249,58749,70151,68353,985
Temporary equity, carrying amount404  36
Equity
Equity, attributable to parent48,67849,29850,10351,62351,65766,034
Common stock121212121212
Treasury stock, value(847)(587)(344)(271)(282)(224)
Additional paid in capital51,83453,37955,09656,82858,72358,711
Accumulated other comprehensive loss(2,810)(1,824)(1,967)(1,886)(1,943)(1,054)
Retained earnings (accumulated deficit)489(1,682)(2,694)(3,060)(4,853)8,589
Equity, attributable to noncontrolling interest152150140126118207
Total equity:48,83049,44850,24351,74951,77566,241
TOTAL LIABILITIES AND EQUITY:90,51393,39499,830101,450103,461120,232

Income Statement (P&L) ($ in millions)

9/30/2023
TTM
12/31/2022
12/31/2021
12/31/2020
12/31/2019
12/31/2018
12/31/2017
Revenues26,48526,04226,18524,97726,26826,232
Revenue, net26,232
Cost of revenue
(Cost of Goods and Services Sold)
(18,363)(17,360)(17,008)(16,830)(17,347)(16,529)
Gross profit:8,1228,6829,1778,1478,9219,703
Operating expenses(4,488)(5,222)(7,049)(5,077)(19,141)(2,930)
Operating income (loss):3,6343,4602,1283,070(10,220)6,773
Nonoperating income (expense)253295296952183(9)
Investment income, nonoperating    456  
Net periodic defined benefits expense (reversal of expense), excluding service cost component    172 
Other nonoperating income (expense)253295296 183(9)
Interest and debt expense(921)(2,047)(1,394)(1,361)(1,284)(1,234)
Income (loss) from continuing operations before income taxes:2,9661,7081,0302,661(11,321)5,530
Income tax expense (benefit)(598)(684)(669)(728)1,0675,460
Income (loss) from continuing operations:2,3681,0243611,933(10,254)10,990
Income (loss) before gain (loss) on sale of properties:1,0243611,933(10,254)10,990
Net income (loss):2,3681,0243611,933(10,254)10,990
Net income (loss) attributable to noncontrolling interest(5)(12)(5)2629
Net income (loss) available to common stockholders, diluted:2,3631,0123561,935(10,192)10,999

Comprehensive Income ($ in millions)

9/30/2023
TTM
12/31/2022
12/31/2021
12/31/2020
12/31/2019
12/31/2018
12/31/2017
Net income (loss):2,3681,0243611,933(10,254)10,990
Other comprehensive income (loss)(993)149(78)(72)(903)580
Comprehensive income (loss):1,3751,1732831,861(11,157)11,570
Comprehensive income (loss), net of tax, attributable to noncontrolling interest2(18)(8)(5)763
Comprehensive income (loss), net of tax, attributable to parent:1,3771,1552751,856(11,081)11,573

Statements Sources

The financial statements are based on the Company's filings with the U.S. Securities and Exchange Commission (SEC) through the Electronic Data Gathering, Analysis, and Retrieval system (EDGAR). The information is derived from the 10-K and 10-Q reports submitted to the SEC in XBRL (eXtensible Business Reporting Language) format and presented according to the US GAAP Taxonomy. Please review the original filings for a more detailed information.

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