Kimberly Clark (KMB) FY2017 results: revenue $18.3 billion, up 0.3% on the year
Kimberly Clark Corp. (KMB) reported revenue of $18.3 billion for fiscal 2017, the year ended 31 December 2017, up 0.3% on the year before. Net income was $2.3 billion, up 5.2%, and diluted earnings per share $6.40. The figures are the company's own, from the 10-K it filed with the SEC on 13 February 2020.
Revenue
$18.3 billion
+0.3% on the year
FY2010FY2017
Operating margin
18.3%
18.5% a year earlier
FY2010FY2017
Net income
$2.3 billion
+5.2% on the year
FY2010FY2017
Diluted EPS
$6.40
+6.8% on the year
FY2010FY2017
this yearthe year beforeHover a bar for its figure.
The year in brief
Income statement (profit and loss)
$ million
FY2017
FY2016
FY2015
On the year
Last 8 years
Revenue
18,348
18,287
18,591
+0.3%
Cost of revenue
11,761
11,596
11,967
+1.4%
Gross profit
6,587
6,691
6,624
-1.6%
Gross margin
35.9%
36.6%
35.6%
Research and development
309
326
324
-5.2%
Operating income
3,358
3,383
1,613
-0.7%
Operating margin
18.3%
18.5%
8.7%
Interest expense
318
319
295
-0.3%
Pre-tax income
2,991
3,009
1,335
-0.6%
Income tax
776
922
418
-15.8%
Effective tax rate
25.9%
30.6%
31.3%
Net income
2,278
2,166
1,013
+5.2%
Net margin
12.4%
11.8%
5.4%
Diluted EPS
$6.40
$5.99
$2.77
+6.8%
$ 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
FY2017
FY2016
FY2015
On the year
Last 8 years
Operating cash flow
2,929
3,232
2,306
-9.4%
Capital expenditure
785
771
1,056
+1.8%
Free cash flow
2,144
2,461
1,250
-12.9%
Free cash flow margin
11.7%
13.5%
6.7%
Cash from investing
-851
-732
-1,050
Cash from financing
-2,421
-2,185
-1,298
Depreciation and amortisation
724
705
746
+2.7%
Share-based compensation
76.0
77.0
75.0
-1.3%
Buybacks
911
739
861
+23.3%
Dividends paid
1,359
1,311
1,272
+3.7%
Dividend per share
$3.88
$3.68
$3.52
+5.4%
Diluted shares, weighted
356m
362m
366m
-1.6%
Shares outstanding at period end
351m
357m
361m
-1.5%
Balance sheet
$ million
FY2017
FY2016
FY2015
On the year
Last 8 years
Shareholders' equity
629
-102
-174
Non-controlling interest
253
219
214
+15.5%
Debt
7,425
7,572
7,775
-1.9%
Other liabilities
6,844
6,913
7,027
-1.0%
Total liabilities and equity
15,151
14,602
14,842
+3.8%
Fixed assets
7,436
7,169
7,104
+3.7%
Goodwill
1,576
1,480
1,446
+6.5%
Cash and equivalents
616
923
619
-33.3%
Receivables
2,315
2,176
2,281
+6.4%
Inventory
1,790
1,679
1,909
+6.6%
Other assets
1,418
1,175
1,483
+20.7%
Total assets
15,151
14,602
14,842
+3.8%
10-K for the year ended 31 December 2017, filed 13 February 2020: the filing.