Kellogg (K) stock price, revenue, and financials

Kellogg market cap is $22.4 b, and annual revenue was $13.58 b in FY 2019

$22.4 B

K Mkt cap, 29-May-2020

$13.6 B

Kellogg Revenue FY, 2019
Kellogg Gross profit (FY, 2019)4.4 B
Kellogg Gross profit margin (FY, 2019), %32.3%
Kellogg Net income (FY, 2019)960 M
Kellogg EBIT (FY, 2019)1.4 B
Kellogg Cash, 28-Dec-2019397 M
Kellogg EV23.1 B

Kellogg Revenue

Kellogg revenue was $13.58 b in FY, 2019

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Kellogg Revenue Breakdown

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Kellogg revenue breakdown by business segment: 22.5% from U.S. Morning Foods, 24.6% from U.S. Snacks, 9.3% from U.S. Specialty, 12.3% from North America Other, 18.3% from Europe, 6.0% from Latin America and 7.0% from Asia Pacific

Kellogg Income Statement

Annual

USDFY, 2013FY, 2014FY, 2015FY, 2016FY, 2017FY, 2018FY, 2019

Revenue

14.8b14.6b13.5b13.0b12.9b13.5b13.6b

Revenue growth, %

(1%)(7%)(4%)(1%)5%

Cost of goods sold

8.7b9.5b8.8b8.3b7.9b8.8b9.2b

Gross profit

6.1b5.1b4.7b4.8b5.0b4.7b4.4b

Gross profit Margin, %

41%35%35%37%39%35%32%

General and administrative expense

3.4b3.1b3.0b3.0b

Operating expense total

3.4b3.1b3.0b3.0b

EBIT

2.8b1.0b1.1b1.4b1.9b1.7b1.4b

EBIT margin, %

19%7%8%11%15%13%10%

Interest expense

235.0m209.0m227.0m406.0m256.0m287.0m284.0m

Investment income

(7.0m)

Pre tax profit

2.6b825.0m773.0m927.0m1.7b1.3b1.3b

Income tax expense

792.0m186.0m159.0m233.0m412.0m181.0m321.0m

Net Income

1.8b633.0m614.0m695.0m1.3b1.3b960.0m

Quarterly

USDQ1, 2011Q2, 2011Q3, 2011Q1, 2012Q2, 2012Q3, 2012Q1, 2013Q2, 2013Q3, 2013Q1, 2014Q2, 2014Q3, 2014Q3, 2015Q1, 2016Q2, 2015Q1, 2017Q2, 2017Q3, 2017Q1, 2018Q2, 2018Q3, 2017Q1, 2018Q2, 2018Q3, 2018Q1, 2019Q2, 2019Q3, 2019

Revenue

3.5b3.4b3.3b3.4b3.5b3.7b3.9b3.7b3.7b3.7b3.7b3.6b3.3b3.6b3.5b3.4b3.3b3.3b3.3b3.2b3.3b3.4b3.4b3.5b3.5b3.5b3.4b

Cost of goods sold

2.1b1.9b2.0b2.1b2.1b2.3b2.5b2.2b2.3b2.2b2.3b2.3b2.1b2.3b2.3b2.2b2.0b2.0b2.1b1.9b2.0b2.1b2.2b2.3b2.4b2.3b2.4b

Gross profit

1.4b1.4b1.4b1.4b1.4b1.4b1.4b1.5b1.5b1.5b1.4b1.3b1.2b1.2b1.2b1.2b1.3b1.3b1.2b1.3b1.2b1.3b1.2b1.2b1.1b1.2b1.0b

Gross profit Margin, %

41%43%41%40%41%39%36%40%39%40%38%36%37%35%35%37%39%39%37%40%38%37%36%34%31%34%30%

General and administrative expense

849.0m900.0m886.0m836.0m929.0m963.0m890.0m907.0m946.0m807.0m821.0m854.0m844.0m812.0m768.0m742.0m735.0m780.0m726.0m789.0m737.0m

Operating expense total

849.0m900.0m886.0m(534.0m)(486.0m)(478.0m)890.0m907.0m946.0m807.0m821.0m854.0m844.0m812.0m768.0m742.0m1.5b780.0m726.0m789.0m737.0m

EBIT

572.0m543.0m464.0m535.0m485.0m479.0m503.0m570.0m504.0m614.0m467.0m365.0m334.0m384.0m412.0m438.0m449.0m410.0m360.0m453.0m464.0m510.0m474.0m396.0m381.0m397.0m263.0m

EBIT margin, %

16%16%14%16%14%13%13%15%14%16%13%10%10%11%12%13%14%13%11%14%14%15%14%11%11%11%8%

Interest expense

67.0m53.0m58.0m33.0m89.0m73.0m60.0m61.0m56.0m52.0m50.0m54.0m56.0m54.0m58.0m217.0m68.0m58.0m61.0m63.0m64.0m69.0m72.0m72.0m74.0m75.0m72.0m

Investment income

(1.0m)(1.0m)(2.0m)(1.0m)(2.0m)

Pre tax profit

505.0m489.0m397.0m515.0m403.0m417.0m436.0m504.0m452.0m572.0m420.0m312.0m272.0m304.0m308.0m221.0m385.0m355.0m302.0m384.0m398.0m511.0m471.0m454.0m359.0m367.0m341.0m

Income tax expense

140.0m147.0m107.0m157.0m102.0m120.0m124.0m150.0m124.0m165.0m122.0m86.0m66.0m76.0m85.0m47.0m106.0m62.0m42.0m102.0m104.0m67.0m(70.0m)69.0m72.0m74.0m91.0m

Net Income

366.0m343.0m290.0m358.0m301.0m296.0m311.0m352.0m326.0m406.0m295.0m225.0m205.0m227.0m222.0m175.0m280.0m292.0m262.0m282.0m297.0m444.0m599.0m383.0m285.0m286.0m247.0m

Kellogg Balance Sheet

Annual

usdY, 2011FY, 2011FY, 2012Y, 2012FY, 2013FY, 2014FY, 2015FY, 2016FY, 2017FY, 2018FY, 2019

Cash

444.0m460.0m281.0m281.0m273.0m443.0m443.0m251.0m281.0m321.0m397.0m

Accounts Receivable

1.2b1.5b1.4b1.3b1.4b1.4b1.6b

Prepaid Expenses

247.0m280.0m149.0m131.0m232.0m

Inventories

1.1b1.4b1.2b1.3b1.2b1.3b1.2b

Current Assets

3.0b3.4b3.3b3.3b3.0b3.2b3.4b

PP&E

3.3b3.8b3.7b3.7b3.6b

Goodwill

3.6b5.1b5.1b5.0b5.5b6.1b5.9b

Total Assets

11.9b15.2b15.5b15.2b16.4b17.8b17.6b

Accounts Payable

1.2b1.4b1.4b1.5b229.2m2.3b2.4b2.4b

Short-term debt

750.0m759.0m739.0m828.0m779.0m686.0m727.0m

Current Liabilities

3.3b4.5b3.8b4.4b4.5b4.5b4.8b

Long-term debt

5.0b6.1b6.3b5.9b7.9b433.0m

Total Debt

5.8b6.8b7.1b6.8b8.6b8.9b1.2b

Common Stock

105.0m105.0m105.0m105.0m105.0m

Additional Paid-in Capital

522.0m573.0m626.0m678.0m878.0m895.0m921.0m

Retained Earnings

6.7b5.6b6.7b6.7b7.1b7.7b7.9b

Total Equity

1.8b2.5b3.6b2.9b2.2b3.2b3.3b

Debt to Equity Ratio

3.3 x2.8 x2 x2.4 x3.9 x2.8 x

Debt to Assets Ratio

0.5 x0.5 x0.5 x0.4 x0.5 x0.5 x

Financial Leverage

6.8 x6.1 x4.3 x5.3 x7.3 x5.6 x5.3 x

Quarterly

USDQ1, 2011Q2, 2011Q3, 2011Q1, 2012Q2, 2012Q3, 2012Q1, 2013Q2, 2013Q3, 2013Q3, 2015Q2, 2015Q1, 2016Q2, 2016Q3, 2016Q1, 2017Q2, 2017Q3, 2017Q1, 2018Q2, 2018Q3, 2018Q1, 2019Q2, 2019Q3, 2019

Cash

404.0m457.0m582.0m404.0m230.0m305.0m252.0m262.0m300.0m299.0m294.0m310.0m531.0m346.0m298.0m334.0m267.0m370.0m257.0m309.0m272.0m340.0m453.0m

Accounts Receivable

1.4b1.4b1.3b1.3b1.4b1.4b1.6b1.5b1.5b1.5b1.4b1.5b1.5b1.5b1.5b1.4b1.5b1.6b1.5b1.6b1.6b1.6b1.6b

Prepaid Expenses

171.0m137.0m122.0m143.0m150.0m136.0m170.0m198.0m163.0m206.0m201.0m207.0m189.0m205.0m198.0m135.0m189.0m163.0m149.0m175.0m196.0m

Inventories

1.2b1.3b1.3b1.3b1.2b1.2b

Current Assets

3.1b3.1b3.2b3.2b3.2b3.3b3.5b3.4b3.4b3.4b3.3b3.2b3.4b3.3b3.1b3.2b3.2b3.3b3.3b3.4b3.4b3.5b3.5b

PP&E

3.2b3.2b3.2b3.3b3.6b3.6b3.7b3.7b3.8b3.6b3.5b3.6b3.6b3.6b3.6b3.7b3.6b3.6b3.7b3.5b3.5b

Goodwill

3.6b3.6b3.6b3.6b5.0b5.0b5.1b5.0b5.1b5.0b5.0b5.0b5.0b5.0b5.1b5.1b5.1b5.5b6.1b6.1b6.1b5.9b5.8b

Total Assets

12.2b12.4b12.3b12.1b14.6b14.9b15.2b15.1b15.2b15.5b15.0b15.3b15.4b15.3b15.4b15.5b15.6b16.7b17.9b18.1b18.5b18.7b17.5b

Accounts Payable

1.2b1.2b1.2b1.2b1.2b1.3b1.4b1.4b1.4b1.6b1.6b1.9b2.0b2.0b2.0b2.1b2.1b2.2b2.3b2.4b2.4b2.4b2.3b

Short-term debt

1.1b1.5b1.5b1.5b1.0m293.0m1.1b1.4b939.0m2.0b2.0b1.6b1.3b1.2b1.0b877.0m331.0m208.0m1.1b1.1b191.0m

Current Liabilities

3.4b3.0b3.1b4.0b4.6b4.5b3.6b4.0b3.8b5.1b4.5b5.2b5.3b5.0b4.7b4.7b4.6b4.5b4.0b4.0b5.0b5.0b4.4b

Long-term debt

4.9b5.3b5.3b4.3b6.0b6.1b6.7b6.3b6.3b5.8b5.8b6.3b6.3b6.3b6.7b7.1b7.2b7.9b8.7b8.7b8.5b8.6b8.0b

Total Debt

6.0b5.3b5.3b5.8b7.5b7.6b6.7b6.6b6.6b7.2b6.7b7.0b7.1b6.8b7.3b7.8b7.6b8.3b8.7b8.7b8.7b9.7b8.2b

Common Stock

105.0m105.0m105.0m105.0m105.0m105.0m105.0m105.0m105.0m105.0m105.0m105.0m105.0m105.0m105.0m105.0m105.0m105.0m105.0m105.0m105.0m

Additional Paid-in Capital

503.0m513.0m510.0m530.0m541.0m553.0m583.0m568.0m620.0m721.0m704.0m754.0m770.0m786.0m817.0m836.0m851.0m852.0m866.0m883.0m877.0m895.0m909.0m

Retained Earnings

6.3b6.5b6.6b6.9b7.1b7.2b5.7b5.9b6.1b6.8b6.8b6.6b6.7b6.8b6.7b6.8b6.9b7.3b7.7b7.9b7.8b7.9b7.9b

Total Equity

2.3b2.5b2.3b2.1b2.2b2.4b2.8b2.6b2.9b2.7b2.7b2.0b2.0b2.2b2.0b1.9b1.9b2.6b3.4b3.6b3.1b3.2b3.3b

Debt to Equity Ratio

2.6 x2.2 x2.3 x2.8 x3.5 x3.1 x2.4 x2.5 x2.3 x3.4 x3.5 x3.1 x3.6 x4.2 x3.9 x3.2 x2.6 x2.4 x2.8 x3 x

Debt to Assets Ratio

0.5 x0.4 x0.4 x0.5 x0.5 x0.5 x0.4 x0.4 x0.4 x0.5 x0.5 x0.4 x0.5 x0.5 x0.5 x0.5 x0.5 x0.5 x0.5 x0.5 x

Financial Leverage

5.3 x5 x5.4 x5.9 x6.8 x6.1 x5.4 x5.8 x5.3 x5.8 x5.6 x7.5 x7.7 x7 x7.6 x8.4 x8 x6.5 x5.3 x5 x6 x5.8 x5.3 x

Kellogg Cash Flow

Annual

USDFY, 2011FY, 2012FY, 2013FY, 2014FY, 2015FY, 2016FY, 2017FY, 2018FY, 2019

Net Income

1.2b961.0m1.8b633.0m614.0m695.0m1.3b1.3b977.0m

Depreciation and Amortization

369.0m448.0m517.0m481.0m516.0m484.0m

Accounts Receivable

(100.0m)(65.0m)(57.0m)76.0m(145.0m)

Inventories

(76.0m)(80.0m)116.0m(30.0m)(42.0m)7.0m80.0m(86.0m)2.0m

Accounts Payable

40.0m208.0m30.0m96.0m427.0m124.0m193.0m115.0m(9.0m)

Cash From Operating Activities

1.6b1.8b1.8b1.8b1.7b1.6b1.6b1.5b1.2b

Purchases of PP&E

(594.0m)(533.0m)(501.0m)(578.0m)(586.0m)

Cash From Investing Activities

(587.0m)(3.2b)(641.0m)(573.0m)(1.1b)(893.0m)(1.1b)(948.0m)774.0m

Short-term Borrowings

(189.0m)(779.0m)(238.0m)(23.0m)(51.0m)

Long-term Borrowings

(945.0m)(750.0m)(632.0m)(408.0m)(1.0b)

Dividends Paid

(604.0m)(622.0m)(736.0m)(762.0m)(769.0m)

Cash From Financing Activities

(957.0m)1.3b(1.1b)(1.1b)(706.0m)(642.0m)(604.0m)(566.0m)(1.9b)

Net Change in Cash

16.0m(179.0m)1.0m40.0m76.0m

Interest Paid

249.0m254.0m228.0m405.0m258.0m280.0m284.0m

Income Taxes Paid

271.0m508.0m337.0m256.0m352.0m188.0m537.0m

Quarterly

USDQ1, 2011Q2, 2011Q3, 2011Q1, 2012Q2, 2012Q3, 2012Q1, 2013Q2, 2013Q3, 2013Q1, 2014Q2, 2014Q3, 2014Q3, 2015Q1, 2016Q2, 2015Q1, 2016Q2, 2016Q3, 2016Q1, 2017Q2, 2017Q3, 2017Q1, 2018Q2, 2018Q3, 2018Q1, 2019Q2, 2019Q3, 2019

Net Income

366.0m709.0m999.0m358.0m659.0m955.0m311.0m663.0m989.0m406.0m701.0m926.0m654.0m227.0m449.0m175.0m455.0m747.0m262.0m544.0m841.0m444.0m1.0b1.4b285.0m577.0m825.0m

Depreciation and Amortization

89.0m175.0m270.0m95.0m194.0m302.0m113.0m226.0m340.0m116.0m235.0m375.0m387.0m131.0m269.0m115.0m251.0m357.0m121.0m244.0m366.0m122.0m234.0m374.0m131.0m243.0m360.0m

Accounts Receivable

(301.0m)(285.0m)(224.0m)(168.0m)(69.0m)(95.0m)(142.0m)(112.0m)(113.0m)(201.0m)(159.0m)(208.0m)(192.0m)(148.0m)(223.0m)(175.0m)(83.0m)(139.0m)(229.0m)(239.0m)(253.0m)

Inventories

81.0m39.0m43.0m(14.0m)(2.0m)(47.0m)80.0m91.0m52.0m(29.0m)(55.0m)40.0m1.0m70.0m5.0m49.0m17.0m25.0m58.0m63.0m78.0m13.0m(38.0m)(67.0m)12.0m(6.0m)16.0m

Accounts Payable

50.0m59.0m51.0m1.0m32.0m145.0m45.0m(38.0m)(2.0m)(49.0m)30.0m34.0m135.0m27.0m114.0m89.0m157.0m139.0m11.0m70.0m135.0m(4.0m)64.0m103.0m(16.0m)29.0m

Cash From Operating Activities

310.0m646.0m1.3b340.0m680.0m1.4b338.0m705.0m1.4b268.0m654.0m1.2b942.0m95.0m541.0m5.0m648.0m1.0b211.0m654.0m1.1b228.0m447.0m926.0m70.0m520.0m925.0m

Purchases of PP&E

(103.0m)(243.0m)(392.0m)(63.0m)(155.0m)(262.0m)(102.0m)(238.0m)(363.0m)(144.0m)(249.0m)(376.0m)(130.0m)(268.0m)(374.0m)(132.0m)(270.0m)(389.0m)(148.0m)(294.0m)(436.0m)

Cash From Investing Activities

(99.0m)(238.0m)(381.0m)(57.0m)(2.8b)(2.9b)(102.0m)(239.0m)(364.0m)(99.0m)(226.0m)(348.0m)(936.0m)(197.0m)(293.0m)(155.0m)(250.0m)(381.0m)(131.0m)(262.0m)(363.0m)(131.0m)(661.0m)(785.0m)(163.0m)(327.0m)931.0m

Long-term Borrowings

(946.0m)(946.0m)(946.0m)(749.0m)(760.0m)(761.0m)(473.0m)(1.2b)(1.2b)(1.0m)(626.0m)(626.0m)(401.0m)(401.0m)(1.0b)

Dividends Paid

(148.0m)(296.0m)(452.0m)(153.0m)(306.0m)(464.0m)(160.0m)(320.0m)(486.0m)(176.0m)(351.0m)(533.0m)(182.0m)(363.0m)(550.0m)(187.0m)(374.0m)(568.0m)(192.0m)(380.0m)(574.0m)

Cash From Financing Activities

(266.0m)(417.0m)(730.0m)(355.0m)1.9b1.4b(260.0m)(480.0m)(982.0m)(147.0m)(408.0m)(688.0m)(110.0m)13.0m(357.0m)214.0m(94.0m)(521.0m)(77.0m)(372.0m)(815.0m)(38.0m)162.0m(136.0m)24.0m(177.0m)(1.7b)

Net Change in Cash

(40.0m)13.0m138.0m(56.0m)(230.0m)(155.0m)(29.0m)(19.0m)19.0m59.0m280.0m95.0m18.0m54.0m(13.0m)89.0m(24.0m)28.0m(49.0m)19.0m132.0m

Interest Paid

199.0m284.0m294.0m16.0m138.0m149.0m14.0m151.0m153.0m8.0m154.0m180.0m

Income Taxes Paid

59.0m85.0m225.0m16.0m205.0m279.0m31.0m76.0m163.0m79.0m157.0m211.0m

Kellogg Ratios

USDY, 2019

EV/EBIT

16.5 x

EV/CFO

19.7 x

Revenue/Employee

438.0k

Financial Leverage

5.3 x

Kellogg Operating Metrics

FY, 2015FY, 2016

Building Area, sq. ft

35 m41 m