Kellogg Company (K) Financial Statements (2024 and earlier)

Company Profile

Business Address 412 N WELLS ST
CHICAGO, IL 60654
State of Incorp. DE
Fiscal Year End December 31
Industry (SIC) 204 - Grain Mill Products (benchmarking)
More info Complete Financial Analysis Financial Benchmarking

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

12/31/2023
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 investments299286435397321281
Cash and cash equivalents299286435397321281
Receivables1,7361,4891,5371,5761,3751,389
Inventory, net of allowances, customer advances and progress billings1,7681,3981,2841,2261,3301,217
Inventory1,7681,3981,2841,2261,3301,217
Other current assets383221226232131149
Total current assets:4,1863,3943,4823,4313,1573,036
Noncurrent Assets
Operating lease, right-of-use asset617640658541
Property, plant and equipment3,7893,8273,7133,6123,7313,716
Long-term investments and receivables432424391404413429
Long-term investments432424391404413429
Intangible assets, net (including goodwill), including:7,9828,1808,2908,4009,4008,143
Goodwill5,6865,7715,7995,8616,0505,504
Intangible assets, net (excluding goodwill)2,2962,4092,4912,5763,3612,639
Other undisclosed intangible assets, net (including goodwill)   (37)(11) 
Other noncurrent assets1,4901,7131,4621,1391,0681,026
Other undisclosed noncurrent assets   3711 
Total noncurrent assets:14,31014,78414,51414,13314,62313,314
TOTAL ASSETS:18,49618,17817,99617,56417,78016,350
LIABILITIES AND EQUITY
Liabilities
Current Liabilities
Accounts payable and accrued liabilities4,1093,5872,4712,3872,4272,269
Employee-related liabilities300    
Accounts payable2,9732,5732,4712,3872,4272,269
Accrued liabilities1,136714    
Debt7807121,254620510409
Other liabilities8727631,1451,5501,4161,431
Other undisclosed current liabilities588253368221176370
Total current liabilities:6,3495,3155,2384,7784,5294,479
Noncurrent Liabilities
Long-term debt and lease obligation, including:5,3176,2626,7467,1958,2077,836
Long-term debt, excluding current maturities5,3176,26293124916
Capital lease obligations 2
Other undisclosed long-term debt and lease obligation  (502)6,1336,6388,1987,818
Liabilities, other than long-term debt, including:2,4551,8841,8561,2481,885373
Deferred tax liabilities, net730363
Deferred income tax liabilities760722562 
Liability, pension and other postretirement and postemployment benefits709706769705651839
Other liabilities500456525543504605
Operating lease, liability486502520433
Other undisclosed liabilities, other than long-term debt      (1,434)
Other undisclosed noncurrent liabilities  5025201,029 1,434
Total noncurrent liabilities:7,7728,6489,1229,47210,0929,643
Total liabilities:14,12113,96314,36014,25014,62114,122
Equity
Equity, attributable to parent3,9413,7203,1122,7472,6012,212
Common stock105105105105105105
Treasury stock, value(4,721)(4,715)(4,559)(4,690)(4,551)(4,417)
Additional paid in capital1,0681,023972921895878
Accumulated other comprehensive loss(1,708)(1,721)(1,732)(1,448)(1,500)(1,457)
Retained earnings9,1979,0288,3267,8597,6527,103
Equity, attributable to noncontrolling interest43449552456755816
Total equity:4,3754,2153,6363,3143,1592,228
TOTAL LIABILITIES AND EQUITY:18,49618,17817,99617,56417,78016,350

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

12/31/2023
12/31/2022
12/31/2021
12/31/2020
12/31/2019
12/31/2018
12/31/2017
Revenues15,31514,18113,77013,57813,54712,923
Revenue, net12,923
Cost of revenue
(Cost of Goods and Services Sold)
(10,700)(9,621)(9,043)(9,197)(8,821)(7,901)
Gross profit:4,6154,5604,7274,3814,7265,022
Operating expenses(2,980)(2,808)(2,966)(2,980)(3,020)(3,076)
Operating income:1,6351,7521,7611,4011,7061,946
Nonoperating income (expense)
(Other Nonoperating Income (Expense))
(220)437121188(90)(16)
Interest and debt expense(218)(223)(281)(284)(287)(256)
Income from continuing operations before equity method investments, income taxes:1,1971,9661,6011,3051,3291,674
Income (loss) from equity method investments93(14)(7)1967
Income from continuing operations before income taxes:1,2061,9691,5871,2981,5251,681
Income tax expense(244)(474)(323)(321)(181)(412)
Income from continuing operations:9621,4951,2649771,3441,269
Income before gain (loss) on sale of properties:1,4951,2649771,3441,269
Income from discontinued operations      
Net income:9621,4951,2649771,3441,269
Net loss attributable to noncontrolling interest(2)(7)(13)(17)(8) 
Net income available to common stockholders, diluted:9601,4881,2519601,3361,269

Comprehensive Income ($ in millions)

12/31/2023
12/31/2022
12/31/2021
12/31/2020
12/31/2019
12/31/2018
12/31/2017
Net income:9621,4951,2649771,3441,269
Other comprehensive income (loss)(33)(19)(336)74(50)118
Comprehensive income:9291,4769281,0511,2941,387
Comprehensive income (loss), net of tax, attributable to noncontrolling interest442339(17)(1) 
Comprehensive income, net of tax, attributable to parent:9731,4999671,0341,2931,387

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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