Kellogg Company (K) financial statements (2022 and earlier)

Company profile

Business Address ONE KELLOGG SQ
BATTLE CREEK, MI 49016-3599
State of Incorp. DE
Fiscal Year End December 31
SIC 204 - Grain Mill Products (benchmarking)
More info Complete financial analysis Financial benchmarking

Balance sheet (Statement of financial position) ($ in millions)

12/31/2021
Q4
9/30/2021
Q3
6/30/2021
Q2
3/31/2021
Q1
12/31/2020
Q4
9/30/2020
Q3
6/30/2020
Q2
ASSETS
Current Assets
Cash, cash equivalents, and short-term investments2864403953914351,5791,247
Cash and cash equivalents2864403953914351,3291,047
Short-term investments     250200
Receivables1,4891,6801,6591,6601,5371,6261,692
Inventory, net of allowances, customer advances and progress billings1,3981,3781,3651,3191,2841,2631,230
Inventory1,3981,3781,3651,3191,2841,2631,230
Other current assets221301328269226285323
Total current assets:3,3943,7993,7473,6393,4824,7534,492
Noncurrent Assets
Operating lease, right-of-use asset640651661641658657662
Property, plant and equipment3,8273,7533,6663,6363,7133,4843,436
Long-term investments and receivables424423394397391398399
Long-term investments424423394397391398399
Intangible assets, net (including goodwill)8,1808,2358,2378,2178,2908,2788,254
Goodwill5,7715,7945,7835,7685,7995,7805,768
Intangible assets, net (excluding goodwill)2,4092,4412,4542,4492,4912,4982,486
Other noncurrent assets1,7131,5461,5081,5341,4621,3521,308
Total noncurrent assets:14,78414,60814,46614,42514,51414,16914,059
TOTAL ASSETS:18,17818,40718,21318,06417,99618,92218,551
LIABILITIES AND EQUITY
Liabilities
Current Liabilities
Accounts payable and accrued liabilities3,5873,6433,2933,2512,4713,2563,087
Accounts payable2,5732,5262,4912,4762,4712,4492,393
Accrued liabilities714834802775 807694
Employee-related liabilities300283     
Debt7125135681,0331,2541,5331,517
Other liabilities7637459589811,1451,1251,137
Other undisclosed current liabilities253128127120368120115
Total current liabilities:5,3155,0294,9465,3855,2386,0345,856
Noncurrent Liabilities
Long-term debt and lease obligation, including:6,2627,0207,0296,6556,7467,0006,929
Long-term debt, excluding current maturities6,262   93  
Operating lease, liability502503517502520523532
Other undisclosed long-term debt and lease obligation(502)6,5176,5126,1536,1336,4776,397
Liabilities, other than long-term debt1,8841,8461,8411,8671,8561,7791,828
Deferred income tax liabilities722613647634562587597
Liability, pension and other postretirement and postemployment benefits706738688726769672697
Other liabilities456495506507525520534
Other undisclosed noncurrent liabilities502503517502520523532
Total noncurrent liabilities:8,6489,3699,3879,0249,1229,3029,289
Total liabilities:13,96314,39814,33314,40914,36015,33615,145
Stockholders' equity
Stockholders' equity attributable to parent3,7203,4843,3623,1383,1123,0442,870
Common stock105105105105105105105
Treasury stock, value(4,715)(4,729)(4,741)(4,762)(4,559)(4,570)(4,613)
Additional paid in capital1,0231,005973954972948929
Accumulated other comprehensive loss(1,721)(1,693)(1,663)(1,665)(1,732)(1,757)(1,717)
Retained earnings9,0288,7968,6888,5068,3268,3188,166
Stockholders' equity attributable to noncontrolling interest495525518517524542536
Total stockholders' equity:4,2154,0093,8803,6553,6363,5863,406
TOTAL LIABILITIES AND EQUITY:18,17818,40718,21318,06417,99618,92218,551

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

12/31/2021
Q4
9/30/2021
Q3
6/30/2021
Q2
3/31/2021
Q1
12/31/2020
Q4
9/30/2020
Q3
6/30/2020
Q2
Revenues3,4203,6223,5553,5843,4643,4293,465
Cost of revenue
(Cost of Goods and Services Sold)
(2,415)(2,457)(2,331)(2,418)(2,279)(2,228)(2,268)
Gross profit:1,0051,1651,2241,1661,1851,2011,197
Operating expenses(676)(718)(720)(694)(800)(790)(691)
Operating income:329447504472385411506
Nonoperating income (expense)
(Other Nonoperating Income (Expense))
282 8669(30)7030
Interest and debt expense(51)(55)(58)(59)(85)(63)(69)
Income from continuing operations before equity method investments, income taxes:560392532482270418467
Income (loss) from equity method investments 5(3)(2)(7)(1)(4)
Other undisclosed income from continuing operations before income taxes3      
Income from continuing operations before income taxes:563397529480263417463
Income tax expense(129)(92)(144)(109)(55)(65)(109)
Net income:434305385371208352354
Net income (loss) attributable to noncontrolling interest(1)2(5)(3)(3)(4)(3)
Net income available to common stockholders, diluted:433307380368205348351

Comprehensive Income ($ in millions)

12/31/2021
Q4
9/30/2021
Q3
6/30/2021
Q2
3/31/2021
Q1
12/31/2020
Q4
9/30/2020
Q3
6/30/2020
Q2
Net income:434305385371208352354
Other comprehensive income (loss)(41)(34)(1)577(38)6
Comprehensive income:393271384428215314360
Comprehensive income (loss), net of tax, attributable to noncontrolling interest126(2)715(6)1
Comprehensive income, net of tax, attributable to parent:405277382435230308361

Statements sources

The financial statements are based on the company's filings with the 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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