Kellogg Company (K) financial statements (2022 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)

12/31/2021
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 investments286435397321281280251
Cash and cash equivalents286435397321281280251
Receivables1,4891,5371,5761,3751,3891,2311,344
Inventory, net of allowances, customer advances and progress billings1,3981,2841,2261,3301,2171,2381,250
Inventory1,3981,2841,2261,3301,2171,2381,250
Other current assets221226232131149191391
Total current assets:3,3943,4823,4313,1573,0362,9403,236
Noncurrent Assets
Operating lease, right-of-use asset640658541
Property, plant and equipment3,8273,7133,6123,7313,7163,569 
Long-term investments and receivables424391404413429438 
Long-term investments424391404413429438 
Intangible assets, net (including goodwill), including:8,1808,2908,4009,4008,1437,535 
Goodwill5,7715,7995,8616,0505,5045,166 
Intangible assets, net (excluding goodwill)2,4092,4912,5763,3612,6392,369 
Other undisclosed intangible assets, net (including goodwill)  (37)(11)   
Other noncurrent assets1,7131,4621,1391,0681,026629485
Defined benefit plan, assets for plan benefits 231
Other undisclosed noncurrent assets  3711   
Total noncurrent assets:14,78414,51414,13314,62313,31412,171716
Other undisclosed assets      11,313
TOTAL ASSETS:18,17817,99617,56417,78016,35015,11115,265
LIABILITIES AND EQUITY
Liabilities
Current Liabilities
Accounts payable and accrued liabilities3,5872,4712,3872,4272,2692,0141,924
Accounts payable2,5732,4712,3872,4272,2692,0141,907
Accrued liabilities714      
Employee-related liabilities300     17
Debt7121,2546205104096311,266
Other liabilities7631,1451,5501,4161,4311,3911,362
Other undisclosed current liabilities2533682211763704381,187
Total current liabilities:5,3155,2384,7784,5294,4794,4745,739
Noncurrent Liabilities
Long-term debt and lease obligation, including:6,2626,7467,1958,2077,8366,6985,289
Long-term debt, excluding current maturities6,262931249161335
Capital lease obligations 223
Operating lease, liability502520433
Other undisclosed long-term debt and lease obligation(502)6,1336,6388,1987,8186,6835,251
Liabilities, other than long-term debt, including:1,8841,8561,2481,885373424391
Deferred tax liabilities, net730363525685
Deferred income tax liabilities722562 
Liability, pension and other postretirement and postemployment benefits7067697056518391,024946
Other liabilities456525543504605464468
Other undisclosed liabilities, other than long-term debt    (1,434)(1,589)(1,708)
Other undisclosed noncurrent liabilities5025201,029 1,4341,5891,708
Total noncurrent liabilities:8,6489,1229,47210,0929,6438,7117,388
Total liabilities:13,96314,36014,25014,62114,12213,18513,127
Stockholders' equity
Stockholders' equity attributable to parent3,7203,1122,7472,6012,2121,9102,128
Common stock105105105105105105105
Treasury stock, value(4,715)(4,559)(4,690)(4,551)(4,417)(3,997)(3,943)
Additional paid in capital1,023972921895878806745
Accumulated other comprehensive loss(1,721)(1,732)(1,448)(1,500)(1,457)(1,575)(1,376)
Retained earnings9,0288,3267,8597,6527,1036,5716,597
Stockholders' equity attributable to noncontrolling interest495524567558161610
Total stockholders' equity:4,2153,6363,3143,1592,2281,9262,138
TOTAL LIABILITIES AND EQUITY:18,17817,99617,56417,78016,35015,11115,265

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

12/31/2021
12/31/2020
12/31/2019
12/31/2018
12/31/2017
12/31/2016
12/31/2015
Revenues14,18113,77013,57813,54712,92313,01413,525
Revenue, net12,92313,01413,525
Cost of revenue
(Cost of Goods and Services Sold)
(9,621)(9,043)(9,197)(8,821)(7,901)(8,259)(8,844)
Gross profit:4,5604,7274,3814,7265,0224,7554,681
Operating expenses(2,808)(2,966)(2,980)(3,020)(3,076)(3,360)(3,590)
Operating income:1,7521,7611,4011,7061,9461,3951,091
Nonoperating income (expense)
(Other Nonoperating Income (Expense))
437121188(90)(16)(62)(91)
Interest and debt expense(223)(281)(284)(287)(256)(406)(227)
Income from continuing operations before equity method investments, income taxes:1,9661,6011,3051,3291,674927773
Income (loss) from equity method investments3(14)(7)19671 
Income from continuing operations before income taxes:1,9691,5871,2981,5251,681928773
Income tax expense(474)(323)(321)(181)(412)(233)(159)
Net income:1,4951,2649771,3441,269695614
Net loss attributable to noncontrolling interest(7)(13)(17)(8) (1) 
Net income available to common stockholders, diluted:1,4881,2519601,3361,269694614

Comprehensive Income ($ in millions)

12/31/2021
12/31/2020
12/31/2019
12/31/2018
12/31/2017
12/31/2016
12/31/2015
Net income:1,4951,2649771,3441,269695614
Other comprehensive income (loss)(19)(336)74(50)118(199)(164)
Comprehensive income:1,4769281,0511,2941,387496450
Comprehensive income (loss), net of tax, attributable to noncontrolling interest2339(17)(1) (1)1
Comprehensive income, net of tax, attributable to parent:1,4999671,0341,2931,387495451

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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