Kimberly Clark (KMB) FY2011 results: revenue $20.8 billion, up 5.6% on the year
Kimberly Clark Corp. (KMB) reported revenue of $20.8 billion for fiscal 2011, the year ended 31 December 2011, up 5.6% on the year before. Net income was $1.6 billion, down 13.7%, and diluted earnings per share $3.99. The figures are the company's own, from the 10-K it filed with the SEC on 29 February 2012.
Revenue
$20.8 billion
+5.6% on the year
FY2007FY2011
Operating margin
11.7%
14.0% a year earlier
FY2007FY2011
Net income
$1.6 billion
-13.7% on the year
FY2007FY2011
Diluted EPS
$3.99
-10.3% on the year
FY2007FY2011
this yearthe year beforeHover a bar for its figure.
The year in brief
Income statement (profit and loss)
$ million
FY2011
FY2010
FY2009
On the year
Last 8 years
Revenue
20,846
19,746
19,115
+5.6%
Cost of revenue
14,694
13,196
12,695
+11.4%
Gross profit
6,152
6,550
6,420
-6.1%
Gross margin
29.5%
33.2%
33.6%
Research and development
316
317
301
-0.3%
Operating income
2,442
2,773
2,825
-11.9%
Operating margin
11.7%
14.0%
14.8%
Interest expense
277
243
275
+14.0%
Pre-tax income
2,183
2,550
2,576
-14.4%
Income tax
660
788
746
-16.2%
Effective tax rate
30.2%
30.9%
29.0%
Net income
1,591
1,843
1,884
-13.7%
Net margin
7.6%
9.3%
9.9%
Diluted EPS
$3.99
$4.45
$4.52
-10.3%
$ 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
FY2011
FY2010
FY2009
On the year
Last 8 years
Operating cash flow
2,288
2,744
3,481
-16.6%
Capital expenditure
968
964
848
+0.4%
Free cash flow
1,320
1,780
2,633
-25.8%
Free cash flow margin
6.3%
9.0%
13.8%
Cash from investing
-681
-781
-1,288
Cash from financing
-1,741
-1,859
-1,788
Depreciation and amortisation
1,091
813
783
+34.2%
Share-based compensation
48.0
52.0
86.0
-7.7%
Buybacks
1,246
803
7.0
+55.2%
Dividends paid
1,099
1,066
986
+3.1%
Dividend per share
$2.80
$2.64
n/a
+6.1%
Diluted shares, weighted
399m
414m
417m
-3.8%
Shares outstanding at period end
396m
407m
417m
-2.8%
Balance sheet
$ million
FY2011
FY2010
FY2009
On the year
Last 8 years
Shareholders' equity
5,249
5,917
5,406
-11.3%
Non-controlling interest
280
285
284
-1.8%
Debt
6,132
5,464
5,295
+12.2%
Other liabilities
7,712
8,198
8,224
-5.9%
Total liabilities and equity
19,373
19,864
19,209
-2.5%
Fixed assets
8,049
8,356
8,033
-3.7%
Goodwill
3,340
3,403
3,275
-1.9%
Intangible assets
265
287
310
-7.7%
Cash and equivalents
764
876
798
-12.8%
Receivables
2,602
2,472
2,566
+5.3%
Inventory
2,356
2,373
2,033
-0.7%
Other assets
1,997
2,097
2,194
-4.8%
Total assets
19,373
19,864
19,209
-2.5%
10-K for the year ended 31 December 2011, filed 29 February 2012: the filing.