Kraft Foods Group Inc (KRFT) Financial Statements (2024 and earlier)
Company Profile
| Business Address |
THREE LAKES DRIVE NORTHFIELD, IL 60093 |
| State of Incorp. | |
| Fiscal Year End | December 31 |
| Industry (SIC) | 20 - Food And Kindred Products (benchmarking) |
| More info | Complete Financial Analysis Financial Benchmarking |
Balance Sheet (Statement of Financial Position) ($ in millions)
| 3/31/2015 MRQ | 12/31/2014 | 12/31/2013 | 12/31/2012 | |||
|---|---|---|---|---|---|---|
| ASSETS | ||||||
| Current Assets | ||||||
| Cash, cash equivalents, and short-term investments | 1,293 | 1,686 | 1,255 | |||
| Cash and cash equivalents | 1,293 | 1,686 | 1,255 | |||
| Receivables | 1,080 | 1,048 | 1,089 | |||
| Inventory, net of allowances, customer advances and progress billings | 1,775 | 1,616 | 1,928 | |||
| Inventory | 1,775 | 1,616 | 1,928 | |||
| Other current assets | 259 | 198 | ✕ | |||
| Prepaid expense and other current assets | ✕ | ✕ | ✕ | 131 | ||
| Deferred tax assets | 384 | 360 | 420 | |||
| Total current assets: | 4,791 | 4,908 | 4,823 | |||
| Noncurrent Assets | ||||||
| Property, plant and equipment | 4,192 | 4,115 | 4,204 | |||
| Intangible assets, net (including goodwill) | 13,638 | 13,734 | 13,977 | |||
| Goodwill | 11,404 | 11,505 | 11,346 | |||
| Intangible assets, net (excluding goodwill) | 2,234 | 2,229 | 2,631 | |||
| Other noncurrent assets | 326 | 391 | ✕ | |||
| Prepaid expense and other noncurrent assets | ✕ | ✕ | ✕ | 325 | ||
| Total noncurrent assets: | 18,156 | 18,240 | 18,506 | |||
| TOTAL ASSETS: | 22,947 | 23,148 | 23,329 | |||
| LIABILITIES AND EQUITY | ||||||
| Liabilities | ||||||
| Current Liabilities | ||||||
| Accounts payable and accrued liabilities | 2,535 | 1,732 | 1,750 | |||
| Interest and dividends payable | 324 | |||||
| Employee-related liabilities | 163 | 184 | 194 | |||
| Accounts payable | 1,537 | 1,548 | 1,556 | |||
| Accrued liabilities | 511 | |||||
| Debt | 1,405 | 5 | ||||
| Other liabilities | 641 | 483 | 579 | |||
| Other undisclosed current liabilities | 192 | 1,195 | 1,272 | |||
| Total current liabilities: | 4,773 | 3,410 | 3,606 | |||
| Noncurrent Liabilities | ||||||
| Long-term debt and lease obligation, including: | 8,627 | 9,976 | 9,966 | |||
| Other undisclosed long-term debt and lease obligation | 8,627 | 9,976 | 9,966 | |||
| Liabilities, other than long-term debt | 5,182 | 4,575 | 6,185 | |||
| Pension and other postretirement defined benefit plans, liabilities | ✕ | ✕ | 3,485 | 5,492 | ||
| Deferred tax liabilities, net | 340 | 662 | 288 | |||
| Liability, pension and other postretirement and postemployment benefits | 4,504 | ✕ | ✕ | |||
| Other liabilities | 338 | 428 | 405 | |||
| Total noncurrent liabilities: | 13,809 | 14,551 | 16,151 | |||
| Total liabilities: | 18,582 | 17,961 | 19,757 | |||
| Equity | ||||||
| Equity, attributable to parent | 4,365 | 5,187 | 3,572 | |||
| Treasury stock, value | (796) | (29) | (2) | |||
| Additional paid in capital | 4,678 | 4,434 | 4,240 | |||
| Accumulated other comprehensive loss | (562) | (499) | (460) | |||
| Retained earnings (accumulated deficit) | 1,045 | 1,281 | (206) | |||
| Total equity: | 4,365 | 5,187 | 3,572 | |||
| TOTAL LIABILITIES AND EQUITY: | 22,947 | 23,148 | 23,329 | |||
Income Statement (P&L) ($ in millions)
| 3/31/2015 TTM | 12/31/2014 | 12/31/2013 | 12/31/2012 | ||
|---|---|---|---|---|---|
| Revenues | 18,205 | 18,218 | 18,339 | ||
| Cost of revenue (Cost of Goods and Services Sold) | (13,360) | (11,395) | (12,499) | ||
| Gross profit: | 4,845 | 6,823 | 5,840 | ||
| Operating expenses | (3,104) | (2,386) | (3,348) | ||
| Other undisclosed operating income | 149 | 154 | 178 | ||
| Operating income: | 1,890 | 4,591 | 2,670 | ||
| Nonoperating income (expense) | (22) | 21 | |||
| Investment income, nonoperating | 41 | ||||
| Other nonoperating expense | (22) | (20) | |||
| Interest and debt expense | (484) | (501) | (258) | ||
| Income from continuing operations before equity method investments, income taxes: | 1,406 | 4,068 | 2,433 | ||
| Other undisclosed income from continuing operations before income taxes | 22 | 20 | |||
| Income from continuing operations before income taxes: | 1,406 | 4,090 | 2,453 | ||
| Income tax expense | (363) | (1,375) | (811) | ||
| Income from continuing operations: | 1,043 | 2,715 | 1,642 | ||
| Income before gain (loss) on sale of properties: | 1,043 | 2,715 | 1,642 | ||
| Net income attributable to parent: | 1,043 | 2,715 | 1,642 | ||
| Other undisclosed net loss available to common stockholders, basic | (5) | (12) | (5) | ||
| Net income available to common stockholders, diluted: | 1,038 | 2,703 | 1,637 | ||
Comprehensive Income ($ in millions)
| 3/31/2015 TTM | 12/31/2014 | 12/31/2013 | 12/31/2012 | ||
|---|---|---|---|---|---|
| Net income: | 1,043 | 2,715 | 1,642 | ||
| Other comprehensive loss | (63) | ||||
| Comprehensive income: | 980 | 2,715 | 1,642 | ||
| Other undisclosed comprehensive loss, net of tax, attributable to parent | (39) | (98) | |||
| Comprehensive income, net of tax, attributable to parent: | 980 | 2,676 | 1,544 | ||
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.