Kimberly Clark (KMB) FY2013 results: revenue $19.6 billion, up 0.5% on the year
Kimberly Clark Corp. (KMB) reported revenue of $19.6 billion for fiscal 2013, the year ended 31 December 2013, up 0.5% on the year before. Net income was $2.1 billion, up 22.4%, and diluted earnings per share $5.53. The figures are the company's own, from the 10-K it filed with the SEC on 14 February 2014.
Revenue
$19.6 billion
+0.5% on the year
FY2007FY2013
Operating margin
14.8%
12.2% a year earlier
FY2007FY2013
Net income
$2.1 billion
+22.4% on the year
FY2007FY2013
Diluted EPS
$5.53
+25.1% on the year
FY2007FY2013
this yearthe year beforeHover a bar for its figure.
The year in brief
Income statement (profit and loss)
$ million
FY2013
FY2012
FY2011
On the year
Last 8 years
Revenue
19,561
19,467
20,846
+0.5%
Cost of revenue
12,952
13,338
14,694
-2.9%
Gross profit
6,609
6,129
6,152
+7.8%
Gross margin
33.8%
31.5%
29.5%
Research and development
333
335
316
-0.6%
Operating income
2,903
2,377
2,442
+22.1%
Operating margin
14.8%
12.2%
11.7%
Interest expense
282
285
277
-1.1%
Pre-tax income
2,641
2,110
2,183
+25.2%
Income tax
828
660
660
+25.5%
Effective tax rate
31.4%
31.3%
30.2%
Net income
2,142
1,750
1,591
+22.4%
Net margin
11.0%
9.0%
7.6%
Diluted EPS
$5.53
$4.42
$3.99
+25.1%
$ 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
FY2013
FY2012
FY2011
On the year
Last 8 years
Operating cash flow
3,040
3,288
2,288
-7.5%
Capital expenditure
953
1,093
968
-12.8%
Free cash flow
2,087
2,195
1,320
-4.9%
Free cash flow margin
10.7%
11.3%
6.3%
Cash from investing
n/a
-1,184
-681
Cash from financing
n/a
-1,802
-1,741
Depreciation and amortisation
863
857
1,091
+0.7%
Share-based compensation
92.0
67.0
48.0
+37.3%
Buybacks
1,216
1,284
1,246
-5.3%
Dividends paid
1,223
1,151
1,099
+6.3%
Dividend per share
$3.24
$2.96
$2.80
+9.5%
Diluted shares, weighted
387m
396m
399m
-2.2%
Shares outstanding at period end
381m
389m
396m
-2.2%
Balance sheet
$ million
FY2013
FY2012
FY2011
On the year
Last 8 years
Shareholders' equity
4,856
4,985
5,249
-2.6%
Non-controlling interest
284
302
280
-6.0%
Debt
5,761
6,185
6,132
-6.9%
Other liabilities
8,018
8,401
7,712
-4.6%
Total liabilities and equity
18,919
19,873
19,373
-4.8%
Fixed assets
7,948
8,095
8,049
-1.8%
Goodwill
3,181
3,337
3,340
-4.7%
Intangible assets
243
246
265
-1.2%
Cash and equivalents
1,054
1,106
764
-4.7%
Receivables
2,545
2,642
2,602
-3.7%
Inventory
2,233
2,348
2,356
-4.9%
Other assets
1,715
2,099
1,997
-18.3%
Total assets
18,919
19,873
19,373
-4.8%
10-K for the year ended 31 December 2013, filed 14 February 2014: the filing.