The Kraft Heinz Company (KHC) financial statements (2020 and earlier)

Company profile

Business Address ONE PPG PLACE
PITTSBURGH, PA 15222
State of Incorp. DE
Fiscal Year End December 31
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)

12/31/2019
12/31/2018
12/31/2017
12/31/2016
12/31/2015
ASSETS
Current Assets
Cash, cash equivalents, and short-term investments2,2791,1301,6294,2044,837
Cash and cash equivalents2,2791,1301,6294,2044,837
Restricted cash and investments  140  
Receivables2,1462,2811,503769871
Inventory, net of allowances, customer advances and progress billings2,7212,6672,8152,6842,618
Inventory2,7212,6672,8152,6842,618
Prepaid expense384400   
Disposal group, including discontinued operation1221,376   
Other current assets4451,221966967871
Other undisclosed current assets  213129583
Total current assets:8,0979,0757,2668,7539,780
Noncurrent Assets
Property, plant and equipment7,0557,0787,1206,6886,524
Intangible assets, net (including goodwill)84,19885,971104,273103,422105,171
Goodwill35,54636,50344,82444,12543,051
Intangible assets, net (excluding goodwill)48,65249,46859,44959,29762,120
Other noncurrent assets2,1001,3371,5731,6171,498
Total noncurrent assets:93,35394,386112,966111,727113,193
TOTAL ASSETS:101,450103,461120,232120,480122,973
LIABILITIES AND EQUITY
Liabilities
Current Liabilities
Accounts payable and accrued liabilities5,0345,2835,7005,4545,280
Accounts payable4,0034,1534,4493,9962,844
Accrued liabilities647722680749856
Taxes payable  152255417
Interest and dividends payable3844084194541,163
Debt1,0283983,2032,691 
Postemployment benefits liability  51157328
Disposal group, including discontinued operation955   
Other liabilities1,8041,7671,1781,1991,324
Total current liabilities:7,8757,50310,1329,5016,932
Noncurrent Liabilities
Long-term debt and lease obligation, including:28,21630,77028,33329,71325,151
Finance lease, liability158
Operating lease, liability454
Other undisclosed long-term debt and lease obligation27,60430,77028,33329,71325,151
Liabilities, other than long-term debt13,6101,20815,52023,69224,654
Deferred tax liabilities, net 14,07620,84821,497
Deferred income tax liabilities11,878
Liability, pension and other postretirement and postemployment benefits2733064272,0382,405
Other liabilities1,4599021,017806752
Other undisclosed noncurrent liabilities 12,202   
Total noncurrent liabilities:41,82644,18043,85353,40549,805
Total liabilities:49,70151,68353,98562,90656,737
Temporary equity, carrying amount 36 8,343
Stockholders' equity
Stockholders' equity attributable to parent51,62351,65766,03457,35857,685
Common stock1212121212
Treasury stock, value(271)(282)(224)(207)(31)
Additional paid in capital56,82858,72358,71158,59358,375
Accumulated other comprehensive loss(1,886)(1,943)(1,054)(1,628)(671)
Retained earnings (accumulated deficit)(3,060)(4,853)8,589588 
Stockholders' equity attributable to noncontrolling interest126118207216208
Total stockholders' equity:51,74951,77566,24157,57457,893
TOTAL LIABILITIES AND EQUITY:101,450103,461120,232120,480122,973

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

12/31/2019
12/31/2018
12/31/2017
12/31/2016
12/31/2015
Revenues24,97726,26826,23226,487 
Revenue, net26,23226,487 
Cost of revenue
(Cost of Goods and Services Sold)
(16,830)(17,347)(16,529)(16,901) 
Gross profit:8,1478,9219,7039,586 
Operating expenses(5,077)(19,141)(2,930)(3,444)(58)
Operating income (loss):3,070(10,220)6,7736,142(58)
Nonoperating income (expense)952183(9)15 
Investment income, nonoperating456    
Net periodic defined benefits expense (reversal of expense), excluding service cost component172 
Other nonoperating income (expense) 183(9)15 
Interest and debt expense(1,361)(1,284)(1,234)(1,134)(341)
Income (loss) from continuing operations before income taxes:2,661(11,321)5,5305,023(399)
Income tax expense (benefit)(728)1,0675,460(1,381) 
Net income (loss):1,933(10,254)10,9903,642(399)
Net income (loss) attributable to noncontrolling interest2629(10) 
Net income (loss) attributable to parent:1,935(10,192)10,9993,632(399)
Preferred stock dividends and other adjustments   (180) 
Net income (loss) available to common stockholders, diluted:1,935(10,192)10,9993,452(399)

Comprehensive Income ($ in millions)

12/31/2019
12/31/2018
12/31/2017
12/31/2016
12/31/2015
Net income (loss):1,933(10,254)10,9903,642(399)
Other comprehensive income (loss)(72)(903)580(951) 
Comprehensive income (loss):1,861(11,157)11,5702,691(399)
Comprehensive income (loss), net of tax, attributable to noncontrolling interest(5)763(16) 
Comprehensive income (loss), net of tax, attributable to parent:1,856(11,081)11,5732,675(399)

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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