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
12/31/2018
12/31/2017
12/31/2016
12/31/2015
12/31/2014
12/31/2013
ASSETS
Current Assets
Cash, cash equivalents, and short-term investments397321281280251443273
Cash and cash equivalents397321281280251443273
Receivables1,5761,3751,3891,2311,3441,2761,424
Inventory, net of allowances, customer advances and progress billings1,2261,3301,2171,2381,2501,2791,248
Inventory1,2261,3301,2171,2381,2501,2791,248
Prepaid expense     158127
Other current assets232131149191391342322
Other undisclosed current assets     (158)(127)
Total current assets:3,4313,1573,0362,9403,2363,3403,267
Noncurrent Assets
Operating lease, right-of-use asset541
Property, plant and equipment3,6123,7313,7163,569 3,7693,856
Long-term investments and receivables404413429438   
Long-term investments404413429438   
Intangible assets, net (including goodwill), including:8,4009,4008,1437,535 7,2667,418
Goodwill5,8616,0505,5045,166 4,9715,051
Intangible assets, net (excluding goodwill)2,5763,3612,6392,369 2,2952,367
Other undisclosed intangible assets, net (including goodwill)(37)(11)    
Other noncurrent assets1,1391,0681,026629485528514
Defined benefit plan, assets for plan benefits 231250419
Other undisclosed noncurrent assets3711   (11,035)(11,274)
Total noncurrent assets:14,13314,62313,31412,171716778933
Other undisclosed assets    11,31311,03511,274
TOTAL ASSETS:17,56417,78016,35015,11115,26515,15315,474
LIABILITIES AND EQUITY
Liabilities
Current Liabilities
Accounts payable and accrued liabilities2,3872,4272,2692,0141,9241,5671,501
Accounts payable2,3872,4272,2692,0141,9071,5281,432
Employee-related liabilities    17  
Taxes payable     3969
Debt6205104096311,266607289
Other liabilities1,5501,4161,4311,3911,3621,4011,375
Other undisclosed current liabilities2211763704381,187789670
Total current liabilities:4,7784,5294,4794,4745,7394,3643,835
Noncurrent Liabilities
Long-term debt and lease obligation, including:7,1958,2077,8366,6985,2895,9356,330
Long-term debt, excluding current maturities12491613352028
Capital lease obligations 22345
Operating lease, liability433
Other undisclosed long-term debt and lease obligation6,6388,1987,8186,6835,2515,9116,297
Liabilities, other than long-term debt, including:1,2481,885373424391500497
Pension and other postretirement defined benefit plans, liabilities859345
Deferred tax liabilities, net730363525685726928
Liability, pension and other postretirement and postemployment benefits7056518391,024946 
Other liabilities543504605464468418429
Other undisclosed liabilities, other than long-term debt  (1,434)(1,589)(1,708)(1,503)(1,205)
Other undisclosed noncurrent liabilities1,029 1,4341,5891,7081,5031,205
Total noncurrent liabilities:9,47210,0929,6438,7117,3887,9388,032
Total liabilities:14,25014,62114,12213,18513,12712,30211,867
Stockholders' equity
Stockholders' equity attributable to parent2,7472,6012,2121,9102,1282,7893,545
Common stock105105105105105105105
Treasury stock, value(4,690)(4,551)(4,417)(3,997)(3,943)(3,470)(2,999)
Additional paid in capital921895878806745678626
Accumulated other comprehensive loss(1,448)(1,500)(1,457)(1,575)(1,376)(1,213)(936)
Retained earnings7,8597,6527,1036,5716,5976,6896,749
Stockholders' equity attributable to noncontrolling interest5675581616106262
Total stockholders' equity:3,3143,1592,2281,9262,1382,8513,607
TOTAL LIABILITIES AND EQUITY:17,56417,78016,35015,11115,26515,15315,474

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

12/31/2019
12/31/2018
12/31/2017
12/31/2016
12/31/2015
12/31/2014
12/31/2013
Revenues13,57813,54712,92313,01413,52514,58014,792
Revenue, net12,92313,01413,52514,58014,792
Cost of revenue
(Cost of Goods and Services Sold)
(9,197)(8,821)(7,901)(8,259)(8,844)(9,517)(8,689)
Gross profit:4,3814,7265,0224,7554,6815,0636,103
Operating expenses(2,980)(3,020)(3,076)(3,360)(3,590)(4,551)(3,726)
Other undisclosed operating income     512460
Operating income:1,4011,7061,9461,3951,0911,0242,837
Nonoperating income (expense)
(Other Nonoperating Income (Expense))
188(90)(16)(62)(91)104
Interest and debt expense(284)(287)(256)(406)(227)(209)(235)
Income from continuing operations before equity method investments, income taxes:1,3051,3291,6749277738252,606
Income (loss) from equity method investments(7)19671 (6)(6)
Income from continuing operations before income taxes:1,2981,5251,6819287738192,600
Income tax expense(321)(181)(412)(233)(159)(186)(792)
Net income:9771,3441,2696956146331,808
Net loss attributable to noncontrolling interest(17)(8) (1) (1)(1)
Net income available to common stockholders, diluted:9601,3361,2696946146321,807

Comprehensive Income ($ in millions)

12/31/2019
12/31/2018
12/31/2017
12/31/2016
12/31/2015
12/31/2014
12/31/2013
Net income:9771,3441,2696956146331,808
Other comprehensive income (loss)74(50)118(199)(164)(277)10
Comprehensive income:1,0511,2941,3874964503561,818
Comprehensive income (loss), net of tax, attributable to noncontrolling interest(17)(1) (1)111
Comprehensive income, net of tax, attributable to parent:1,0341,2931,3874954513571,819

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: