Kraft Heinz (KHC) FY2021 results: revenue $26.0 billion, down 0.5% on the year
Kraft Heinz Co. (KHC) reported revenue of $26.0 billion for fiscal 2021, the year ended 25 December 2021, down 0.5% on the year before. Net income was $1.0 billion, up 184.3%, and diluted earnings per share $0.82. The figures are the company's own, from the 10-K it filed with the SEC on 17 February 2022.
Revenue
$26.0 billion
-0.5% on the year
FY2014FY2021
Operating margin
13.3%
8.1% a year earlier
FY2014FY2021
Net income
$1.0 billion
+184.3% on the year
FY2014FY2021
Diluted EPS
$0.82
+182.8% on the year
FY2014FY2021
this yearthe year beforeHover a bar for its figure.
$ million except per share. Read moreFree cash flow is operating cash flow less capital expenditure; the effective tax rate is income tax over pre-tax income; margins are the line over revenue. Gross profit is revenue less cost of revenue, and operating income is revenue less the company's own total costs, where the statement does not print those lines. Those four are arithmetic on the filed numbers; everything else is as filed. Money is in $ million as the company files it, or in $ billion by the switch above the tables; per share figures and share counts are as they are.
Cash flow
$ million
FY2021
FY2020
FY2019
On the year
Last 8 years
Operating cash flow
5,364
4,929
3,552
+8.8%
Capital expenditure
905
596
768
+51.8%
Free cash flow
4,459
4,333
2,784
+2.9%
Free cash flow margin
17.1%
16.5%
11.1%
Cash from investing
4,038
-522
1,511
Cash from financing
-9,344
-3,331
-3,913
Depreciation and amortisation
910
969
994
-6.1%
Share-based compensation
197
156
46.0
+26.3%
Buybacks
271
n/a
n/a
Dividends paid
1,959
1,958
1,953
+0.1%
Dividend per share
$1.60
$1.60
$1.60
0.0%
Diluted shares, weighted
1,236m
1,228m
1,224m
+0.7%
Shares outstanding at period end
1,224m
1,223m
1,221m
+0.1%
Balance sheet
$ million
FY2021
FY2020
FY2019
On the year
Last 8 years
Shareholders' equity
49,298
50,103
51,623
-1.6%
Non-controlling interest
150
140
126
+7.1%
Redeemable equity
4.0
0.0
0.0
Debt
21,815
28,306
29,244
-22.9%
Operating lease liabilities
484
475
454
+1.9%
Finance lease liabilities
98.0
116
158
-15.5%
Other liabilities
21,545
20,690
19,845
+4.1%
Total liabilities and equity
93,394
99,830
101,450
-6.4%
Fixed assets
n/a
n/a
7,055
Goodwill
31,296
33,089
35,546
-5.4%
Intangible assets
43,542
46,667
48,652
-6.7%
Cash and equivalents
3,445
3,417
2,279
+0.8%
Receivables
1,957
2,063
1,973
-5.1%
Inventory
2,729
2,773
2,721
-1.6%
Other assets
10,425
11,821
3,224
-11.8%
Total assets
93,394
99,830
101,450
-6.4%
10-K for the year ended 25 December 2021, filed 17 February 2022: the filing.