The Kraft Heinz Company (KHC) financial statements (2022 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)
| 12/31/2020 | 12/31/2019 | 12/31/2018 | 12/31/2017 | 12/31/2016 | 12/31/2015 | |||
|---|---|---|---|---|---|---|---|---|
| ASSETS | ||||||||
| Current Assets | ||||||||
| Cash, cash equivalents, and short-term investments | 3,417 | 2,279 | 1,130 | 1,629 | 4,204 | 4,837 | ||
| Cash and cash equivalents | 3,417 | 2,279 | 1,130 | 1,629 | 4,204 | 4,837 | ||
| Restricted cash and investments | 140 | |||||||
| Receivables | 2,063 | 2,146 | 2,281 | 1,503 | 769 | 871 | ||
| Inventory, net of allowances, customer advances and progress billings | 2,554 | 2,721 | 2,667 | 2,815 | 2,684 | 2,618 | ||
| Inventory | 2,554 | 2,721 | 2,667 | 2,815 | 2,684 | 2,618 | ||
| Prepaid expense | 351 | 384 | 400 | |||||
| Disposal group, including discontinued operation | 1,863 | 122 | 1,376 | |||||
| Other current assets | 574 | 445 | 1,221 | 966 | 967 | 871 | ||
| Other undisclosed current assets | 213 | 129 | 583 | |||||
| Total current assets: | 10,822 | 8,097 | 9,075 | 7,266 | 8,753 | 9,780 | ||
| Noncurrent Assets | ||||||||
| Property, plant and equipment | 7,055 | 7,078 | 7,120 | 6,688 | 6,524 | |||
| Intangible assets, net (including goodwill) | 79,756 | 84,198 | 85,971 | 104,273 | 103,422 | 105,171 | ||
| Goodwill | 33,089 | 35,546 | 36,503 | 44,824 | 44,125 | 43,051 | ||
| Intangible assets, net (excluding goodwill) | 46,667 | 48,652 | 49,468 | 59,449 | 59,297 | 62,120 | ||
| Regulated entity, other noncurrent assets | 130 | |||||||
| Restricted cash and investments | 1 | |||||||
| Other noncurrent assets | 2,376 | 2,100 | 1,337 | 1,573 | 1,617 | 1,498 | ||
| Other undisclosed noncurrent assets | 6,745 | |||||||
| Total noncurrent assets: | 89,008 | 93,353 | 94,386 | 112,966 | 111,727 | 113,193 | ||
| TOTAL ASSETS: | 99,830 | 101,450 | 103,461 | 120,232 | 120,480 | 122,973 | ||
| LIABILITIES AND EQUITY | ||||||||
| Liabilities | ||||||||
| Current Liabilities | ||||||||
| Accounts payable and accrued liabilities | 5,608 | 5,034 | 5,283 | 5,700 | 5,454 | 5,280 | ||
| Accounts payable | 4,304 | 4,003 | 4,153 | 4,449 | 3,996 | 2,844 | ||
| Accrued liabilities | 946 | 647 | 722 | 680 | 749 | 856 | ||
| Taxes payable | 152 | 255 | 417 | |||||
| Interest and dividends payable | 358 | 384 | 408 | 419 | 454 | 1,163 | ||
| Debt | 236 | 1,028 | 398 | 3,203 | 2,691 | |||
| Postemployment benefits liability | 51 | 157 | 328 | |||||
| Disposal group, including discontinued operation | 17 | 9 | 55 | |||||
| Other liabilities | 2,200 | 1,804 | 1,767 | 1,178 | 1,199 | 1,324 | ||
| Total current liabilities: | 8,061 | 7,875 | 7,503 | 10,132 | 9,501 | 6,932 | ||
| Noncurrent Liabilities | ||||||||
| Long-term debt and lease obligation, including: | 28,070 | 28,216 | 30,770 | 28,333 | 29,713 | 25,151 | ||
| Finance lease, liability | 158 | ✕ | ✕ | ✕ | ✕ | |||
| Operating lease, liability | 454 | ✕ | ✕ | ✕ | ✕ | |||
| Other undisclosed long-term debt and lease obligation | 28,070 | 27,604 | 30,770 | 28,333 | 29,713 | 25,151 | ||
| Liabilities, other than long-term debt | 13,456 | 13,610 | 1,208 | 15,520 | 23,692 | 24,654 | ||
| Deferred tax liabilities, net | ✕ | ✕ | 14,076 | 20,848 | 21,497 | |||
| Deferred income tax liabilities | 11,462 | 11,878 | ✕ | ✕ | ✕ | ✕ | ||
| Liability, pension and other postretirement and postemployment benefits | 243 | 273 | 306 | 427 | 2,038 | 2,405 | ||
| Other liabilities | 1,751 | 1,459 | 902 | 1,017 | 806 | 752 | ||
| Other undisclosed noncurrent liabilities | 12,202 | |||||||
| Total noncurrent liabilities: | 41,526 | 41,826 | 44,180 | 43,853 | 53,405 | 49,805 | ||
| Total liabilities: | 49,587 | 49,701 | 51,683 | 53,985 | 62,906 | 56,737 | ||
| Temporary equity, carrying amount | 3 | 6 | 8,343 | |||||
| Stockholders' equity | ||||||||
| Stockholders' equity attributable to parent | 50,103 | 51,623 | 51,657 | 66,034 | 57,358 | 57,685 | ||
| Common stock | 12 | 12 | 12 | 12 | 12 | 12 | ||
| Treasury stock, value | (344) | (271) | (282) | (224) | (207) | (31) | ||
| Additional paid in capital | 55,096 | 56,828 | 58,723 | 58,711 | 58,593 | 58,375 | ||
| Accumulated other comprehensive loss | (1,967) | (1,886) | (1,943) | (1,054) | (1,628) | (671) | ||
| Retained earnings (accumulated deficit) | (2,694) | (3,060) | (4,853) | 8,589 | 588 | |||
| Stockholders' equity attributable to noncontrolling interest | 140 | 126 | 118 | 207 | 216 | 208 | ||
| Total stockholders' equity: | 50,243 | 51,749 | 51,775 | 66,241 | 57,574 | 57,893 | ||
| TOTAL LIABILITIES AND EQUITY: | 99,830 | 101,450 | 103,461 | 120,232 | 120,480 | 122,973 | ||
Income statement (P&L) ($ in millions)
| 12/31/2020 | 12/31/2019 | 12/31/2018 | 12/31/2017 | 12/31/2016 | 12/31/2015 | ||
|---|---|---|---|---|---|---|---|
| Revenues | 26,185 | 24,977 | 26,268 | 26,232 | 26,487 | ||
| Revenue, net | ✕ | ✕ | ✕ | 26,232 | 26,487 | ||
| Cost of revenue (Cost of Goods and Services Sold) | (17,008) | (16,830) | (17,347) | (16,529) | (16,901) | ||
| Gross profit: | 9,177 | 8,147 | 8,921 | 9,703 | 9,586 | ||
| Operating expenses | (7,049) | (5,077) | (19,141) | (2,930) | (3,444) | (58) | |
| Operating income (loss): | 2,128 | 3,070 | (10,220) | 6,773 | 6,142 | (58) | |
| Nonoperating income (expense) | 296 | 952 | 183 | (9) | 15 | ||
| Investment income, nonoperating | 456 | ||||||
| Net periodic defined benefits expense (reversal of expense), excluding service cost component | 172 | ✕ | ✕ | ✕ | |||
| Other nonoperating income (expense) | 296 | 183 | (9) | 15 | |||
| Interest and debt expense | (1,394) | (1,361) | (1,284) | (1,234) | (1,134) | (341) | |
| Income (loss) from continuing operations before income taxes: | 1,030 | 2,661 | (11,321) | 5,530 | 5,023 | (399) | |
| Income tax expense (benefit) | (669) | (728) | 1,067 | 5,460 | (1,381) | ||
| Net income (loss): | 361 | 1,933 | (10,254) | 10,990 | 3,642 | (399) | |
| Net income (loss) attributable to noncontrolling interest | (5) | 2 | 62 | 9 | (10) | ||
| Net income (loss) attributable to parent: | 356 | 1,935 | (10,192) | 10,999 | 3,632 | (399) | |
| Preferred stock dividends and other adjustments | (180) | ||||||
| Net income (loss) available to common stockholders, diluted: | 356 | 1,935 | (10,192) | 10,999 | 3,452 | (399) | |
Comprehensive Income ($ in millions)
| 12/31/2020 | 12/31/2019 | 12/31/2018 | 12/31/2017 | 12/31/2016 | 12/31/2015 | ||
|---|---|---|---|---|---|---|---|
| Net income (loss): | 361 | 1,933 | (10,254) | 10,990 | 3,642 | (399) | |
| Other comprehensive income (loss) | (78) | (72) | (903) | 580 | (951) | ||
| Comprehensive income (loss): | 283 | 1,861 | (11,157) | 11,570 | 2,691 | (399) | |
| Comprehensive income (loss), net of tax, attributable to noncontrolling interest | (8) | (5) | 76 | 3 | (16) | ||
| Comprehensive income (loss), net of tax, attributable to parent: | 275 | 1,856 | (11,081) | 11,573 | 2,675 | (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.