Kellogg Company (K) financial statements (2021 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)

12/31/2019
Q4
9/30/2019
Q3
6/30/2019
Q2
3/31/2019
Q1
12/31/2018
Q4
9/30/2018
Q3
6/30/2018
Q2
ASSETS
Current Assets
Cash, cash equivalents, and short-term investments397453340272321309257
Cash and cash equivalents397453340272321309257
Receivables1,5761,6431,6431,6331,3751,6121,530
Inventory, net of allowances, customer advances and progress billings1,2261,2001,2341,3191,3301,3191,291
Inventory1,2261,2001,2341,3191,3301,3191,291
Disposal group, including discontinued operation  112    
Other current assets232196175149131163189
Total current assets:3,4313,4923,5043,3733,1573,4033,267
Noncurrent Assets
Operating lease, right-of-use asset541464  
Property, plant and equipment3,6123,4933,5263,7333,7313,6393,638
Long-term investments and receivables404405407410413422421
Long-term investments404405407410413422421
Intangible assets, net (including goodwill), including:8,4008,4148,4589,4039,4009,4279,463
Goodwill5,8615,8425,8716,0546,0506,0556,072
Intangible assets, net (excluding goodwill)2,5762,5722,5873,3493,3613,3723,391
Other undisclosed intangible assets, net (including goodwill)(37)   (11)  
Disposal group, including discontinued operation, noncurrent assets  1,188    
Other noncurrent assets1,1391,2311,1711,1081,0681,2231,112
Other undisclosed noncurrent assets37 41543811  
Total noncurrent assets:14,13314,00715,16515,09214,62314,71114,634
TOTAL ASSETS:17,56417,49918,66918,46517,78018,11417,901
LIABILITIES AND EQUITY
Liabilities
Current Liabilities
Accounts payable and accrued liabilities2,3872,3382,4012,3702,4272,3672,306
Accounts payable2,3872,3382,4012,3702,4272,3672,306
Debt6201911,0761,114510208331
Other liabilities1,5501,7551,4091,3861,4161,4551,329
Other undisclosed current liabilities221105103108176  
Total current liabilities:4,7784,3894,9894,9784,5294,0303,966
Noncurrent Liabilities
Long-term debt and lease obligation, including:7,1957,6838,2628,1838,2078,7158,737
Long-term debt, excluding current maturities124   9  
Operating lease, liability433366  
Other undisclosed long-term debt and lease obligation6,6387,3178,2628,1838,1988,7158,737
Liabilities, other than long-term debt1,2481,1841,8851,8681,8851,7541,794
Deferred tax liabilities, net778755730752714
Liability, pension and other postretirement and postemployment benefits705605619630651513532
Other liabilities543579488483504489548
Other undisclosed noncurrent liabilities1,029955321339   
Total noncurrent liabilities:9,4729,82210,46810,39010,09210,46910,531
Total liabilities:14,25014,21115,45715,36814,62114,49914,497
Stockholders' equity
Stockholders' equity attributable to parent2,7472,7272,6502,5332,6013,0482,838
Common stock105105105105105105105
Treasury stock, value(4,690)(4,714)(4,739)(4,744)(4,551)(4,357)(4,375)
Additional paid in capital921909895877895883866
Accumulated other comprehensive loss(1,448)(1,483)(1,469)(1,467)(1,500)(1,512)(1,501)
Retained earnings7,8597,9107,8587,7627,6527,9297,743
Stockholders' equity attributable to noncontrolling interest567561562564558567566
Total stockholders' equity:3,3143,2883,2123,0973,1593,6153,404
TOTAL LIABILITIES AND EQUITY:17,56417,49918,66918,46517,78018,11417,901

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

12/31/2019
Q4
9/30/2019
Q3
6/30/2019
Q2
3/31/2019
Q1
12/31/2018
Q4
9/30/2018
Q3
6/30/2018
Q2
Revenues3,2233,3723,4613,5223,3173,4693,360
Revenue, net3,360
Cost of revenue
(Cost of Goods and Services Sold)
(2,135)(2,372)(2,275)(2,415)(2,228)(2,293)(2,151)
Gross profit:1,0881,0001,1861,1071,0891,1761,209
Operating expenses(728)(737)(789)(726)(763)(780)(735)
Operating income:360263397381326396474
Nonoperating income (expense)
(Other Nonoperating Income (Expense))
(59)1504552(359)13069
Interest and debt expense(63)(72)(75)(74)(74)(72)(72)
Income (loss) from continuing operations before equity method investments, income taxes:238341367359(107)454471
Income (loss) from equity method investments(2)(2)(1)(2) (2)198
Income (loss) from continuing operations before income taxes:236339366357(107)452669
Income tax expense (benefit)(84)(91)(74)(72)25(69)(70)
Net income (loss):152248292285(82)383599
Net loss attributable to noncontrolling interest(7)(1)(6)(3)(2)(3)(3)
Net income (loss) available to common stockholders, diluted:145247286282(84)380596

Comprehensive Income ($ in millions)

12/31/2019
Q4
9/30/2019
Q3
6/30/2019
Q2
3/31/2019
Q1
12/31/2018
Q4
9/30/2018
Q3
6/30/2018
Q2
Net income (loss):152248292285(82)383599
Other comprehensive income (loss)34(16)(2)5811(13)(98)
Comprehensive income (loss):186232290343(71)370501
Comprehensive income (loss), net of tax, attributable to noncontrolling interest(6)1(6)(6)(1)(1)1
Comprehensive income (loss), net of tax, attributable to parent:180233284337(72)369502

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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