Kimberly Clark (KMB) FY2019 results: revenue $18.4 billion, down 0.2% on the year
Kimberly Clark Corp. (KMB) reported revenue of $18.4 billion for fiscal 2019, the year ended 31 December 2019, down 0.2% on the year before. Net income was $2.2 billion, up 53.0%, and diluted earnings per share $6.24. The figures are the company's own, from the 10-K it filed with the SEC on 13 February 2020.
Revenue
$18.4 billion
-0.2% on the year
FY2012FY2019
Operating margin
16.2%
12.1% a year earlier
FY2012FY2019
Net income
$2.2 billion
+53.0% on the year
FY2012FY2019
Diluted EPS
$6.24
+54.8% on the year
FY2012FY2019
this yearthe year beforeHover a bar for its figure.
The year in brief
Income statement (profit and loss)
$ million
FY2019
FY2018
FY2017
On the year
Last 8 years
Revenue
18,450
18,486
18,348
-0.2%
Cost of revenue
12,415
12,889
11,761
-3.7%
Gross profit
6,035
5,597
6,587
+7.8%
Gross margin
32.7%
30.3%
35.9%
Research and development
284
317
309
-10.4%
Operating income
2,991
2,229
3,358
+34.2%
Operating margin
16.2%
12.1%
18.3%
Interest expense
261
263
318
-0.8%
Pre-tax income
2,650
1,813
2,991
+46.2%
Income tax
576
471
776
+22.3%
Effective tax rate
21.7%
26.0%
25.9%
Net income
2,157
1,410
2,278
+53.0%
Net margin
11.7%
7.6%
12.4%
Diluted EPS
$6.24
$4.03
$6.40
+54.8%
$ 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
FY2019
FY2018
FY2017
On the year
Last 8 years
Operating cash flow
2,736
2,970
2,929
-7.9%
Capital expenditure
1,209
877
785
+37.9%
Free cash flow
1,527
2,093
2,144
-27.0%
Free cash flow margin
8.3%
11.3%
11.7%
Cash from investing
-1,042
-902
-851
Cash from financing
-1,792
-2,115
-2,421
Depreciation and amortisation
917
882
724
+4.0%
Share-based compensation
96.0
41.0
76.0
+134.1%
Buybacks
800
800
911
0.0%
Dividends paid
1,408
1,386
1,359
+1.6%
Dividend per share
$4.12
n/a
$3.88
Diluted shares, weighted
346m
350m
356m
-1.1%
Shares outstanding at period end
341m
345m
351m
-1.0%
Balance sheet
$ million
FY2019
FY2018
FY2017
On the year
Last 8 years
Shareholders' equity
-33.0
-287
629
Non-controlling interest
227
241
253
-5.8%
Debt
7,747
7,455
7,425
+3.9%
Operating lease liabilities
274
n/a
n/a
Other liabilities
7,068
7,109
6,844
-0.6%
Total liabilities and equity
15,283
14,518
15,151
+5.3%
Fixed assets
7,450
7,159
7,436
+4.1%
Goodwill
1,467
1,474
1,576
-0.5%
Intangible assets
29.0
n/a
n/a
Cash and equivalents
442
539
616
-18.0%
Receivables
2,263
2,164
2,315
+4.6%
Inventory
1,790
1,813
1,790
-1.3%
Other assets
1,842
1,369
1,418
+34.6%
Total assets
15,283
14,518
15,151
+5.3%
10-K for the year ended 31 December 2019, filed 13 February 2020: the filing.