Kimberly Clark (KMB) FY2021 results: revenue $19.4 billion, up 1.6% on the year
Kimberly Clark Corp. (KMB) reported revenue of $19.4 billion for fiscal 2021, the year ended 31 December 2021, up 1.6% on the year before. Net income was $1.8 billion, down 22.9%, and diluted earnings per share $5.35. The figures are the company's own, from the 10-K it filed with the SEC on 10 February 2022.
Revenue
$19.4 billion
+1.6% on the year
FY2014FY2021
Operating margin
13.2%
16.9% a year earlier
FY2014FY2021
Net income
$1.8 billion
-22.9% on the year
FY2014FY2021
Diluted EPS
$5.35
-22.1% on the year
FY2014FY2021
this yearthe year beforeHover a bar for its figure.
$ 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
FY2021
FY2020
FY2019
On the year
Last 8 years
Operating cash flow
2,730
3,729
2,736
-26.8%
Capital expenditure
1,007
1,217
1,209
-17.3%
Free cash flow
1,723
2,512
1,527
-31.4%
Free cash flow margin
8.9%
13.1%
8.3%
Cash from investing
-1,056
-2,305
-1,042
Cash from financing
-1,696
-1,567
-1,792
Depreciation and amortisation
766
796
917
-3.8%
Share-based compensation
26.0
147
96.0
-82.3%
Buybacks
400
700
800
-42.9%
Dividends paid
1,516
1,451
1,408
+4.5%
Dividend per share
$4.56
$4.28
$4.12
+6.5%
Diluted shares, weighted
339m
342m
346m
-1.1%
Shares outstanding at period end
337m
339m
341m
-0.6%
Balance sheet
$ million
FY2021
FY2020
FY2019
On the year
Last 8 years
Shareholders' equity
514
626
-33.0
-17.9%
Non-controlling interest
223
243
227
-8.2%
Debt
8,574
8,364
7,747
+2.5%
Operating lease liabilities
n/a
n/a
274
Other liabilities
8,526
8,290
7,068
+2.8%
Total liabilities and equity
17,837
17,523
15,283
+1.8%
Fixed assets
8,097
8,042
7,450
+0.7%
Goodwill
1,840
1,895
1,467
-2.9%
Intangible assets
810
832
29.0
-2.6%
Cash and equivalents
270
303
442
-10.9%
Receivables
2,207
2,235
2,263
-1.3%
Inventory
2,239
1,903
1,790
+17.7%
Other assets
2,374
2,313
1,842
+2.6%
Total assets
17,837
17,523
15,283
+1.8%
10-K for the year ended 31 December 2021, filed 10 February 2022: the filing.