Kimberly Clark (KMB) FY2016 results: revenue $18.3 billion, down 1.6% on the year
Kimberly Clark Corp. (KMB) reported revenue of $18.3 billion for fiscal 2016, the year ended 31 December 2016, down 1.6% on the year before. Net income was $2.2 billion, up 113.8%, and diluted earnings per share $5.99. The figures are the company's own, from the 10-K it filed with the SEC on 8 February 2017.
Revenue
$18.3 billion
-1.6% on the year
FY2009FY2016
Operating margin
18.5%
8.7% a year earlier
FY2009FY2016
Net income
$2.2 billion
+113.8% on the year
FY2009FY2016
Diluted EPS
$5.99
+116.2% on the year
FY2009FY2016
this yearthe year beforeHover a bar for its figure.
The year in brief
Income statement (profit and loss)
$ million
FY2016
FY2015
FY2014
On the year
Last 8 years
Revenue
18,287
18,591
19,724
-1.6%
Cost of revenue
11,596
11,967
13,041
-3.1%
Gross profit
6,691
6,624
6,683
+1.0%
Gross margin
36.6%
35.6%
33.9%
Research and development
326
324
368
+0.6%
Operating income
3,383
1,613
2,521
+109.7%
Operating margin
18.5%
8.7%
12.8%
Interest expense
319
295
284
+8.1%
Pre-tax income
3,009
1,335
2,255
+125.4%
Income tax
922
418
856
+120.6%
Effective tax rate
30.6%
31.3%
38.0%
Net income
2,166
1,013
1,526
+113.8%
Net margin
11.8%
5.4%
7.7%
Diluted EPS
$5.99
$2.77
$4.04
+116.2%
$ 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
FY2016
FY2015
FY2014
On the year
Last 8 years
Operating cash flow
3,232
2,306
2,845
+40.2%
Capital expenditure
771
1,056
1,039
-27.0%
Free cash flow
2,461
1,250
1,806
+96.9%
Free cash flow margin
13.5%
6.7%
9.2%
Cash from investing
-732
-1,050
n/a
Cash from financing
-2,185
-1,298
n/a
Depreciation and amortisation
705
746
862
-5.5%
Share-based compensation
77.0
75.0
52.0
+2.7%
Buybacks
739
861
1,939
-14.2%
Dividends paid
1,311
1,272
1,256
+3.1%
Dividend per share
$3.68
$3.52
$3.36
+4.5%
Diluted shares, weighted
362m
366m
377m
-1.3%
Shares outstanding at period end
357m
361m
365m
-1.2%
Balance sheet
$ million
FY2016
FY2015
FY2014
On the year
Last 8 years
Shareholders' equity
-102
-174
729
Non-controlling interest
219
214
270
+2.3%
Debt
7,572
7,775
6,956
-2.6%
Other liabilities
6,913
7,027
7,571
-1.6%
Total liabilities and equity
14,602
14,842
15,526
-1.6%
Fixed assets
7,169
7,104
7,359
+0.9%
Goodwill
1,480
1,446
1,628
+2.4%
Intangible assets
n/a
n/a
109
Cash and equivalents
923
619
789
+49.1%
Receivables
2,176
2,281
2,223
-4.6%
Inventory
1,679
1,909
1,892
-12.0%
Other assets
1,175
1,483
1,526
-20.8%
Total assets
14,602
14,842
15,526
-1.6%
10-K for the year ended 31 December 2016, filed 8 February 2017: the filing.