The Kraft Heinz Company (KHC) financial statements (2023 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)
Annual | Quarterly

12/31/2021
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 investments3,4453,4172,2791,1301,6294,2044,837
Cash and cash equivalents3,4453,4172,2791,1301,6294,2044,837
Restricted cash and investments    140  
Receivables1,9572,0632,1462,2811,503769871
Inventory, net of allowances, customer advances and progress billings2,7292,5542,7212,6672,8152,6842,618
Inventory2,7292,5542,7212,6672,8152,6842,618
Prepaid expense136351384400   
Disposal group, including discontinued operation111,8631221,376   
Other current assets7165744451,221966967871
Other undisclosed current assets    213129583
Total current assets:8,99410,8228,0979,0757,2668,7539,780
Noncurrent Assets
Finance lease, right-of-use asset126  ✕✕✕✕
Operating lease, right-of-use asset569  ✕✕✕✕
Property, plant and equipment  7,0557,0787,1206,6886,524
Intangible assets, net (including goodwill)74,83879,75684,19885,971104,273103,422105,171
Goodwill31,29633,08935,54636,50344,82444,12543,051
Intangible assets, net (excluding goodwill)43,54246,66748,65249,46859,44959,29762,120
Regulated entity, other noncurrent assets97130     
Restricted cash and investments11     
Other noncurrent assets2,7562,3762,1001,3371,5731,6171,498
Other undisclosed noncurrent assets6,0136,745     
Total noncurrent assets:84,40089,00893,35394,386112,966111,727113,193
TOTAL ASSETS:93,39499,830101,450103,461120,232120,480122,973
LIABILITIES AND EQUITY
Liabilities
Current Liabilities
Accounts payable and accrued liabilities6,3665,6085,0345,2835,7005,4545,280
Accounts payable4,7534,3044,0034,1534,4493,9962,844
Accrued liabilities804946647722680749856
Taxes payable541   152255417
Interest and dividends payable2683583844084194541,163
Debt7542361,0283983,2032,691 
Postemployment benefits liability    51157328
Disposal group, including discontinued operation 17955   
Other liabilities1,9442,2001,8041,7671,1781,1991,324
Total current liabilities:9,0648,0617,8757,50310,1329,5016,932
Noncurrent Liabilities
Long-term debt and lease obligation, including:21,06128,07028,21630,77028,33329,71325,151
Finance lease, liability98 158✕✕✕✕
Operating lease, liability484 454✕✕✕✕
Other undisclosed long-term debt and lease obligation20,47928,07027,60430,77028,33329,71325,151
Liabilities, other than long-term debt13,81713,45613,6101,20815,52023,69224,654
Deferred revenue1,534  ✕✕✕✕
Deferred tax liabilities, net✕✕✕ 14,07620,84821,497
Deferred income tax liabilities10,53611,46211,878✕✕✕✕
Liability, pension and other postretirement and postemployment benefits2052432733064272,0382,405
Other liabilities1,5421,7511,4599021,017806752
Other undisclosed noncurrent liabilities   12,202   
Total noncurrent liabilities:34,87841,52641,82644,18043,85353,40549,805
Total liabilities:43,94249,58749,70151,68353,98562,90656,737
Temporary equity, carrying amount4  36 8,343
Stockholders' equity
Stockholders' equity attributable to parent49,29850,10351,62351,65766,03457,35857,685
Common stock12121212121212
Treasury stock, value(587)(344)(271)(282)(224)(207)(31)
Additional paid in capital53,37955,09656,82858,72358,71158,59358,375
Accumulated other comprehensive loss(1,824)(1,967)(1,886)(1,943)(1,054)(1,628)(671)
Retained earnings (accumulated deficit)(1,682)(2,694)(3,060)(4,853)8,589588 
Stockholders' equity attributable to noncontrolling interest150140126118207216208
Total stockholders' equity:49,44850,24351,74951,77566,24157,57457,893
TOTAL LIABILITIES AND EQUITY:93,39499,830101,450103,461120,232120,480122,973

Income statement (P&L) ($ in millions)
Annual | Quarterly

12/31/2021
12/31/2020
12/31/2019
12/31/2018
12/31/2017
12/31/2016
12/31/2015
Revenues26,04226,18524,97726,26826,23226,487 
Revenue, net✕✕✕✕26,23226,487 
Cost of revenue
(Cost of Goods and Services Sold)		(17,360)(17,008)(16,830)(17,347)(16,529)(16,901) 
Gross profit:8,6829,1778,1478,9219,7039,586 
Operating expenses(5,222)(7,049)(5,077)(19,141)(2,930)(3,444)(58)
Operating income (loss):3,4602,1283,070(10,220)6,7736,142(58)
Nonoperating income (expense)295296952183(9)15 
Investment income, nonoperating  456    
Net periodic defined benefits expense (reversal of expense), excluding service cost component  172 ✕✕✕
Other nonoperating income (expense)295296 183(9)15 
Interest and debt expense(2,047)(1,394)(1,361)(1,284)(1,234)(1,134)(341)
Income (loss) from continuing operations before income taxes:1,7081,0302,661(11,321)5,5305,023(399)
Income tax expense (benefit)(684)(669)(728)1,0675,460(1,381) 
Net income (loss):1,0243611,933(10,254)10,9903,642(399)
Net income (loss) attributable to noncontrolling interest(12)(5)2629(10) 
Net income (loss) attributable to parent:1,0123561,935(10,192)10,9993,632(399)
Preferred stock dividends and other adjustments     (180) 
Net income (loss) available to common stockholders, diluted:1,0123561,935(10,192)10,9993,452(399)

Comprehensive Income ($ in millions)
Annual | Quarterly

12/31/2021
12/31/2020
12/31/2019
12/31/2018
12/31/2017
12/31/2016
12/31/2015
Net income (loss):1,0243611,933(10,254)10,9903,642(399)
Other comprehensive income (loss)149(78)(72)(903)580(951) 
Comprehensive income (loss):1,1732831,861(11,157)11,5702,691(399)
Comprehensive income (loss), net of tax, attributable to noncontrolling interest(18)(8)(5)763(16) 
Comprehensive income (loss), net of tax, attributable to parent:1,1552751,856(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.

Login to ReadyRatios

 

Have you forgotten your password?

Are you a new user?

Login As
You can log in if you are registered at one of these services: