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)

12/31/2020
12/31/2019
12/31/2018
12/31/2017
12/31/2016
12/31/2015
12/31/2014
ASSETS
Current Assets
Cash, cash equivalents, and short-term investments435397321281280251443
Cash and cash equivalents435397321281280251443
Receivables1,5371,5761,3751,3891,2311,3441,276
Inventory, net of allowances, customer advances and progress billings1,2841,2261,3301,2171,2381,2501,279
Inventory1,2841,2261,3301,2171,2381,2501,279
Prepaid expense      158
Other current assets226232131149191391342
Other undisclosed current assets      (158)
Total current assets:3,4823,4313,1573,0362,9403,2363,340
Noncurrent Assets
Operating lease, right-of-use asset658541
Property, plant and equipment3,7133,6123,7313,7163,569 3,769
Long-term investments and receivables391404413429438  
Long-term investments391404413429438  
Intangible assets, net (including goodwill), including:8,2908,4009,4008,1437,535 7,266
Goodwill5,7995,8616,0505,5045,166 4,971
Intangible assets, net (excluding goodwill)2,4912,5763,3612,6392,369 2,295
Other undisclosed intangible assets, net (including goodwill) (37)(11)    
Other noncurrent assets1,4621,1391,0681,026629485528
Defined benefit plan, assets for plan benefits 231250
Other undisclosed noncurrent assets 3711   (11,035)
Total noncurrent assets:14,51414,13314,62313,31412,171716778
Other undisclosed assets     11,31311,035
TOTAL ASSETS:17,99617,56417,78016,35015,11115,26515,153
LIABILITIES AND EQUITY
Liabilities
Current Liabilities
Accounts payable and accrued liabilities2,4712,3872,4272,2692,0141,9241,567
Accounts payable2,4712,3872,4272,2692,0141,9071,528
Employee-related liabilities     17 
Taxes payable      39
Debt1,2546205104096311,266607
Other liabilities1,1451,5501,4161,4311,3911,3621,401
Other undisclosed current liabilities3682211763704381,187789
Total current liabilities:5,2384,7784,5294,4794,4745,7394,364
Noncurrent Liabilities
Long-term debt and lease obligation, including:6,7467,1958,2077,8366,6985,2895,935
Long-term debt, excluding current maturities93124916133520
Capital lease obligations 2234
Operating lease, liability520433
Other undisclosed long-term debt and lease obligation6,1336,6388,1987,8186,6835,2515,911
Liabilities, other than long-term debt, including:1,8561,2481,885373424391500
Pension and other postretirement defined benefit plans, liabilities859
Deferred tax liabilities, net730363525685726
Deferred income tax liabilities562 
Liability, pension and other postretirement and postemployment benefits7697056518391,024946 
Other liabilities525543504605464468418
Other undisclosed liabilities, other than long-term debt   (1,434)(1,589)(1,708)(1,503)
Other undisclosed noncurrent liabilities5201,029 1,4341,5891,7081,503
Total noncurrent liabilities:9,1229,47210,0929,6438,7117,3887,938
Total liabilities:14,36014,25014,62114,12213,18513,12712,302
Stockholders' equity
Stockholders' equity attributable to parent3,1122,7472,6012,2121,9102,1282,789
Common stock105105105105105105105
Treasury stock, value(4,559)(4,690)(4,551)(4,417)(3,997)(3,943)(3,470)
Additional paid in capital972921895878806745678
Accumulated other comprehensive loss(1,732)(1,448)(1,500)(1,457)(1,575)(1,376)(1,213)
Retained earnings8,3267,8597,6527,1036,5716,5976,689
Stockholders' equity attributable to noncontrolling interest52456755816161062
Total stockholders' equity:3,6363,3143,1592,2281,9262,1382,851
TOTAL LIABILITIES AND EQUITY:17,99617,56417,78016,35015,11115,26515,153

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

12/31/2020
12/31/2019
12/31/2018
12/31/2017
12/31/2016
12/31/2015
12/31/2014
Revenues13,77013,57813,54712,92313,01413,52514,580
Revenue, net12,92313,01413,52514,580
Cost of revenue
(Cost of Goods and Services Sold)
(9,043)(9,197)(8,821)(7,901)(8,259)(8,844)(9,517)
Gross profit:4,7274,3814,7265,0224,7554,6815,063
Operating expenses(2,966)(2,980)(3,020)(3,076)(3,360)(3,590)(4,551)
Other undisclosed operating income      512
Operating income:1,7611,4011,7061,9461,3951,0911,024
Nonoperating income (expense)
(Other Nonoperating Income (Expense))
121188(90)(16)(62)(91)10
Interest and debt expense(281)(284)(287)(256)(406)(227)(209)
Income from continuing operations before equity method investments, income taxes:1,6011,3051,3291,674927773825
Income (loss) from equity method investments(14)(7)19671 (6)
Income from continuing operations before income taxes:1,5871,2981,5251,681928773819
Income tax expense(323)(321)(181)(412)(233)(159)(186)
Net income:1,2649771,3441,269695614633
Net loss attributable to noncontrolling interest(13)(17)(8) (1) (1)
Net income available to common stockholders, diluted:1,2519601,3361,269694614632

Comprehensive Income ($ in millions)

12/31/2020
12/31/2019
12/31/2018
12/31/2017
12/31/2016
12/31/2015
12/31/2014
Net income:1,2649771,3441,269695614633
Other comprehensive income (loss)(336)74(50)118(199)(164)(277)
Comprehensive income:9281,0511,2941,387496450356
Comprehensive income (loss), net of tax, attributable to noncontrolling interest39(17)(1) (1)11
Comprehensive income, net of tax, attributable to parent:9671,0341,2931,387495451357

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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