Kimberly Clark (KMB) FY2023 results: revenue $17.1 billion, up 1.1% on the year
Kimberly Clark Corp. (KMB) reported revenue of $17.1 billion for fiscal 2023, the year ended 31 December 2023, up 1.1% on the year before. Net income was $1.8 billion, down 8.8%, and diluted earnings per share $5.21. The figures are the company's own, from the 10-K it filed with the SEC on 8 February 2024.
Revenue
$17.1 billion
+1.1% on the year
FY2016FY2023
Operating margin
11.2%
13.6% a year earlier
FY2016FY2023
Net income
$1.8 billion
-8.8% on the year
FY2016FY2023
Diluted EPS
$5.21
-8.9% on the year
FY2016FY2023
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
FY2023
FY2022
FY2021
On the year
Last 8 years
Operating cash flow
3,542
2,733
2,730
+29.6%
Capital expenditure
766
876
1,007
-12.6%
Free cash flow
2,776
1,857
1,723
+49.5%
Free cash flow margin
16.2%
11.0%
8.9%
Cash from investing
-418
-785
-1,056
Cash from financing
-2,374
-1,760
-1,696
Depreciation and amortisation
753
754
766
-0.1%
Share-based compensation
169
150
26.0
+12.7%
Buybacks
225
100
400
+125.0%
Dividends paid
1,588
1,558
1,516
+1.9%
Dividend per share
$4.72
$4.64
$4.56
+1.7%
Diluted shares, weighted
339m
338m
339m
+0.1%
Shares outstanding at period end
337m
338m
337m
-0.1%
Balance sheet
$ million
FY2023
FY2022
FY2021
On the year
Last 8 years
Shareholders' equity
915
547
514
+67.3%
Non-controlling interest
153
153
223
0.0%
Debt
7,984
8,422
8,574
-5.2%
Operating lease liabilities
293
n/a
n/a
Finance lease liabilities
26.0
n/a
n/a
Other liabilities
7,973
8,848
8,526
-9.9%
Total liabilities and equity
17,344
17,970
17,837
-3.5%
Fixed assets
6,605
7,885
8,097
-16.2%
Goodwill
1,894
1,880
1,840
+0.7%
Intangible assets
188
851
810
-77.9%
Cash and equivalents
1,075
427
270
+151.8%
Receivables
1,836
2,280
2,207
-19.5%
Inventory
1,549
2,269
2,239
-31.7%
Other assets
4,197
2,378
2,374
+76.5%
Total assets
17,344
17,970
17,837
-3.5%
10-K for the year ended 31 December 2023, filed 8 February 2024: the filing.