Kimberly Clark (KMB) FY2020 results: revenue $19.1 billion, up 3.7% on the year
Kimberly Clark Corp. (KMB) reported revenue of $19.1 billion for fiscal 2020, the year ended 31 December 2020, up 3.7% on the year before. Net income was $2.4 billion, up 9.0%, and diluted earnings per share $6.87. The figures are the company's own, from the 10-K it filed with the SEC on 11 February 2021.
Revenue
$19.1 billion
+3.7% on the year
FY2013FY2020
Operating margin
16.9%
16.2% a year earlier
FY2013FY2020
Net income
$2.4 billion
+9.0% on the year
FY2013FY2020
Diluted EPS
$6.87
+10.1% on the year
FY2013FY2020
this yearthe year beforeHover a bar for its figure.
The year in brief
Income statement (profit and loss)
$ million
FY2020
FY2019
FY2018
On the year
Last 8 years
Revenue
19,140
18,450
18,486
+3.7%
Cost of revenue
12,318
12,415
12,889
-0.8%
Gross profit
6,822
6,035
5,597
+13.0%
Gross margin
35.6%
32.7%
30.3%
Research and development
276
284
317
-2.8%
Operating income
3,244
2,991
2,229
+8.5%
Operating margin
16.9%
16.2%
12.1%
Interest expense
252
261
263
-3.4%
Pre-tax income
2,930
2,650
1,813
+10.6%
Income tax
676
576
471
+17.4%
Effective tax rate
23.1%
21.7%
26.0%
Net income
2,352
2,157
1,410
+9.0%
Net margin
12.3%
11.7%
7.6%
Diluted EPS
$6.87
$6.24
$4.03
+10.1%
$ 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
FY2020
FY2019
FY2018
On the year
Last 8 years
Operating cash flow
3,729
2,736
2,970
+36.3%
Capital expenditure
1,217
1,209
877
+0.7%
Free cash flow
2,512
1,527
2,093
+64.5%
Free cash flow margin
13.1%
8.3%
11.3%
Cash from investing
-2,305
-1,042
-902
Cash from financing
-1,567
-1,792
-2,115
Depreciation and amortisation
796
917
882
-13.2%
Share-based compensation
147
96.0
41.0
+53.1%
Buybacks
700
800
800
-12.5%
Dividends paid
1,451
1,408
1,386
+3.1%
Dividend per share
$4.28
$4.12
n/a
+3.9%
Diluted shares, weighted
342m
346m
350m
-0.9%
Shares outstanding at period end
339m
341m
345m
-0.8%
Balance sheet
$ million
FY2020
FY2019
FY2018
On the year
Last 8 years
Shareholders' equity
626
-33.0
-287
Non-controlling interest
243
227
241
+7.0%
Debt
8,364
7,747
7,455
+8.0%
Operating lease liabilities
n/a
274
n/a
Other liabilities
8,290
7,068
7,109
+17.3%
Total liabilities and equity
17,523
15,283
14,518
+14.7%
Fixed assets
8,042
7,450
7,159
+7.9%
Goodwill
1,895
1,467
1,474
+29.2%
Intangible assets
832
29.0
n/a
+2,769.0%
Cash and equivalents
303
442
539
-31.4%
Receivables
2,235
2,263
2,164
-1.2%
Inventory
1,903
1,790
1,813
+6.3%
Other assets
2,313
1,842
1,369
+25.6%
Total assets
17,523
15,283
14,518
+14.7%
10-K for the year ended 31 December 2020, filed 11 February 2021: the filing.