Kimberly Clark (KMB) FY2015 results: revenue $18.6 billion, down 5.7% on the year
Kimberly Clark Corp. (KMB) reported revenue of $18.6 billion for fiscal 2015, the year ended 31 December 2015, down 5.7% on the year before. Net income was $1.0 billion, down 33.6%, and diluted earnings per share $2.77. The figures are the company's own, from the 10-K it filed with the SEC on 11 February 2016.
Revenue
$18.6 billion
-5.7% on the year
FY2008FY2015
Operating margin
8.7%
12.8% a year earlier
FY2008FY2015
Net income
$1.0 billion
-33.6% on the year
FY2008FY2015
Diluted EPS
$2.77
-31.4% on the year
FY2008FY2015
this yearthe year beforeHover a bar for its figure.
The year in brief
Income statement (profit and loss)
$ million
FY2015
FY2014
FY2013
On the year
Last 8 years
Revenue
18,591
19,724
19,561
-5.7%
Cost of revenue
11,967
13,041
12,952
-8.2%
Gross profit
6,624
6,683
6,609
-0.9%
Gross margin
35.6%
33.9%
33.8%
Research and development
324
368
333
-12.0%
Operating income
1,613
2,521
2,903
-36.0%
Operating margin
8.7%
12.8%
14.8%
Interest expense
295
284
282
+3.9%
Pre-tax income
1,335
2,255
2,641
-40.8%
Income tax
418
856
828
-51.2%
Effective tax rate
31.3%
38.0%
31.4%
Net income
1,013
1,526
2,142
-33.6%
Net margin
5.4%
7.7%
11.0%
Diluted EPS
$2.77
$4.04
$5.53
-31.4%
$ 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
FY2015
FY2014
FY2013
On the year
Last 8 years
Operating cash flow
2,306
2,845
3,040
-18.9%
Capital expenditure
1,056
1,039
953
+1.6%
Free cash flow
1,250
1,806
2,087
-30.8%
Free cash flow margin
6.7%
9.2%
10.7%
Cash from investing
-1,050
n/a
n/a
Cash from financing
-1,298
n/a
n/a
Depreciation and amortisation
746
862
863
-13.5%
Share-based compensation
75.0
52.0
92.0
+44.2%
Buybacks
861
1,939
1,216
-55.6%
Dividends paid
1,272
1,256
1,223
+1.3%
Dividend per share
$3.52
$3.36
$3.24
+4.8%
Diluted shares, weighted
366m
377m
387m
-2.9%
Shares outstanding at period end
361m
365m
381m
-1.2%
Balance sheet
$ million
FY2015
FY2014
FY2013
On the year
Last 8 years
Shareholders' equity
-174
729
4,856
Non-controlling interest
214
270
284
-20.7%
Debt
7,775
6,956
5,761
+11.8%
Other liabilities
7,027
7,571
8,018
-7.2%
Total liabilities and equity
14,842
15,526
18,919
-4.4%
Fixed assets
7,104
7,359
7,948
-3.5%
Goodwill
1,446
1,628
3,181
-11.2%
Intangible assets
n/a
109
243
Cash and equivalents
619
789
1,054
-21.5%
Receivables
2,281
2,223
2,545
+2.6%
Inventory
1,909
1,892
2,233
+0.9%
Other assets
1,483
1,526
1,715
-2.8%
Total assets
14,842
15,526
18,919
-4.4%
10-K for the year ended 31 December 2015, filed 11 February 2016: the filing.