Kimberly Clark Corp. Q3 FY2023 results: revenue $5.1 billion, up 1.6% on the year

Kimberly Clark Corp. (KMB) reported revenue of $5.1 billion for Q3 FY2023, the quarter ended 30 September 2023, up 1.6% on the same quarter a year earlier. Net income was $587 million, up 25.7% on the year, and diluted earnings per share $1.73. The figures are the company's own, from the 10-Q it filed with the SEC on 24 October 2023.

Revenue$5.1 billionup 1.6%

Net income$587 millionup 25.7%

Diluted EPS$1.73

QuarterQ3 FY2023ended 30 September 2023

The quarter, against the one before and a year earlier

Line	Q3 FY2023	Quarter before	A year earlier	Change on the year
Revenue	5,132	n/a	n/a	n/a
Cost of revenue	3,294	n/a	n/a	n/a
Gross profit	1,838	n/a	n/a	n/a
Gross margin	35.8%	n/a	n/a
Operating income	774	n/a	n/a	n/a
Operating margin	15.1%	n/a	n/a
Interest expense	74.0	n/a	n/a	n/a
Income tax	157	n/a	n/a	n/a
Net income	587	n/a	n/a	n/a
Net margin	11.4%	n/a	n/a
Diluted EPS	$1.73	n/a	n/a	n/a

$ million except per share. Free 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 and capital returned

Line	Q3 FY2023	Quarter before	A year earlier	Change on the year
Operating cash flow	927	n/a	n/a	n/a
Capital expenditure	160	n/a	n/a	n/a
Free cash flow	767	n/a	n/a	n/a
Free cash flow margin	14.9%	n/a	n/a
Depreciation and amortisation	189	n/a	n/a	n/a
Share-based compensation	60.0	n/a	n/a	n/a
Buybacks	32.0	n/a	n/a	n/a
Dividends paid	399	n/a	n/a	n/a
Dividend per share	$1.18	n/a	n/a	n/a
Diluted shares, weighted	339m	n/a	n/a	n/a
Shares outstanding at period end	338m	n/a	n/a	n/a

Cash flow lines for the quarter; where the company files them year to date, the quarter is the difference between two filings.

Balance sheet at quarter end

Line	Q3 FY2023	Quarter before	A year earlier	Change on the year
Total assets	17,153	n/a	n/a	n/a
Cash and equivalents	814	n/a	n/a	n/a
Receivables	2,298	n/a	n/a	n/a
Inventory	2,021	n/a	n/a	n/a
Goodwill	2,045	n/a	n/a	n/a
Long-term debt including finance leases	7,403	n/a	n/a	n/a
Shareholders' equity	680	n/a	n/a	n/a

Quarterly results, the last 12 quarters

	Q3 FY2023	Q4 FY2023 *	Q1 FY2024	Q2 FY2024	Q3 FY2024	Q4 FY2024	Q1 FY2025	Q2 FY2025	Q3 FY2025	Q4 FY2025	Q1 FY2026	Q2 FY2026
Revenue	5,132	4,970	5,149	5,029	4,952	4,104	4,840	4,163	4,150	4,080	4,163	4,189
Cost of revenue	3,294	3,233	3,238	3,219	3,168	3,253	3,107	2,707	2,657	n/a	2,629	2,586
Gross profit	1,838	1,737	1,911	1,810	1,784	1,445	1,733	1,456	1,493	1,465	1,534	1,603
Gross margin	36%	35%	37%	36%	36%	35%	36%	35%	36%	36%	37%	38%
Operating income	774	670	853	655	1,154	548	769	592	621	n/a	753	633
Operating margin	15%	13%	17%	13%	23%	13%	16%	14%	15%	n/a	18%	15%
Interest expense	74.0	70.0	67.0	72.0	67.0	64.0	64.0	67.0	65.0	60.0	58.0	53.0
Pre-tax income	n/a	n/a	n/a	461	962	n/a	557	513	546	436	685	572
Tax rate	n/a	n/a	n/a	19%	23%	n/a	30%	23%	45%	n/a	24%	38%
Net income	587	509	647	544	907	447	567	509	446	499	665	345
Net margin	11%	10%	13%	11%	18%	11%	12%	12%	11%	12%	16%	8%
Diluted EPS	$1.73	$1.51	$1.91	$1.61	$2.69	$1.34	$1.70	$1.53	$1.34	$1.50	$2.00	$1.04
Operating cash flow	927	1,215	438	1,021	958	817	327	770	708	972	745	908
Capital expenditure	160	217	194	158	160	209	204	197	340	397	424	352
Free cash flow	767	998	244	863	798	608	123	573	368	575	321	556
Buybacks	32.0	130	54.0	102	596	248	61.0	59.0	20.0	1.0	0.0	0.0
Dividends paid	399	399	398	411	411	408	405	419	418	418	418	425
Shares outstanding	338m	337m	337m	337m	334m	332m	332m	332m	332m	332m	332m	333m
Filing	10-Q	10-K	10-Q	10-Q	10-Q	10-K	10-Q	10-Q	10-Q	10-K	10-Q	10-Q

* The fourth quarter is the full year less the first three quarters, because the company files the year and not the quarter on its own. Money is in $ million as the company files it, or in $ billion by the switch above the tables; per share figures and the share count are as they are. Free 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. Cash flow lines filed year to date are the difference between two filings. Shares outstanding are at the period end where the balance sheet tags them, otherwise the count on the filing's cover page. A derived fourth-quarter EPS is left blank when a split in the year makes the arithmetic meaningless.

Source

10-Q for the period ended 30 September 2023, filed 24 October 2023, accession 0000055785-23-000064: the filing on EDGAR. All of Kimberly Clark Corp.'s filings: EDGAR company page.

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