Kimberly Clark (KMB) FY2018 results: revenue $18.5 billion, up 0.8% on the year
Kimberly Clark Corp. (KMB) reported revenue of $18.5 billion for fiscal 2018, the year ended 31 December 2018, up 0.8% on the year before. Net income was $1.4 billion, down 38.1%, and diluted earnings per share $4.03. The figures are the company's own, from the 10-K it filed with the SEC on 13 February 2020.
Revenue
$18.5 billion
+0.8% on the year
FY2011FY2018
Operating margin
12.1%
18.3% a year earlier
FY2011FY2018
Net income
$1.4 billion
-38.1% on the year
FY2011FY2018
Diluted EPS
$4.03
-37.0% on the year
FY2011FY2018
this yearthe year beforeHover a bar for its figure.
The year in brief
Income statement (profit and loss)
$ million
FY2018
FY2017
FY2016
On the year
Last 8 years
Revenue
18,486
18,348
18,287
+0.8%
Cost of revenue
12,889
11,761
11,596
+9.6%
Gross profit
5,597
6,587
6,691
-15.0%
Gross margin
30.3%
35.9%
36.6%
Research and development
317
309
326
+2.6%
Operating income
2,229
3,358
3,383
-33.6%
Operating margin
12.1%
18.3%
18.5%
Interest expense
263
318
319
-17.3%
Pre-tax income
1,813
2,991
3,009
-39.4%
Income tax
471
776
922
-39.3%
Effective tax rate
26.0%
25.9%
30.6%
Net income
1,410
2,278
2,166
-38.1%
Net margin
7.6%
12.4%
11.8%
Diluted EPS
$4.03
$6.40
$5.99
-37.0%
$ 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
FY2018
FY2017
FY2016
On the year
Last 8 years
Operating cash flow
2,970
2,929
3,232
+1.4%
Capital expenditure
877
785
771
+11.7%
Free cash flow
2,093
2,144
2,461
-2.4%
Free cash flow margin
11.3%
11.7%
13.5%
Cash from investing
-902
-851
-732
Cash from financing
-2,115
-2,421
-2,185
Depreciation and amortisation
882
724
705
+21.8%
Share-based compensation
41.0
76.0
77.0
-46.1%
Buybacks
800
911
739
-12.2%
Dividends paid
1,386
1,359
1,311
+2.0%
Dividend per share
n/a
$3.88
$3.68
Diluted shares, weighted
350m
356m
362m
-1.8%
Shares outstanding at period end
345m
351m
357m
-1.7%
Balance sheet
$ million
FY2018
FY2017
FY2016
On the year
Last 8 years
Shareholders' equity
-287
629
-102
Non-controlling interest
241
253
219
-4.7%
Debt
7,455
7,425
7,572
+0.4%
Other liabilities
7,109
6,844
6,913
+3.9%
Total liabilities and equity
14,518
15,151
14,602
-4.2%
Fixed assets
7,159
7,436
7,169
-3.7%
Goodwill
1,474
1,576
1,480
-6.5%
Cash and equivalents
539
616
923
-12.5%
Receivables
2,164
2,315
2,176
-6.5%
Inventory
1,813
1,790
1,679
+1.3%
Other assets
1,369
1,418
1,175
-3.5%
Total assets
14,518
15,151
14,602
-4.2%
10-K for the year ended 31 December 2018, filed 13 February 2020: the filing.