Kraft Heinz Financials

$6.3 B

Revenue Q3, 2017

$95.3 B

Mkt cap, 22-Dec-2017
Gross profit (Q3, 2017)2.3 B
Gross profit margin (Q3, 2017), %37%
EBIT (Q3, 2017)1.7 B
Cash, 30-Sep-20171.4 B
EV124.9 B

Financials

Market Value

Revenue/Financials

Income Statement

Annual

USDFY, 2015FY, 2016

Revenue

18.3 b26.5 b

Revenue growth, %

44%

Cost of goods sold

12.6 b16.9 b

Gross profit

5.8 b9.6 b

Gross profit Margin, %

31%36%

General and administrative expense

1.3 b3.4 b

Operating expense total

1.3 b3.4 b

EBIT

2.6 b6.1 b

EBIT margin, %

14%23%

Interest expense

1.3 b1.1 b

Pre tax profit

1 b5 b

Income tax expense

366 m1.4 b

Net Income

647 m3.6 b

    Quarterly

    USDQ2, 2015Q3, 2015Q3, 2016Q1, 2016Q2, 2016Q1, 2017Q2, 2017Q3, 2017

    Revenue

    2.6 b6.1 b6.3 b6.6 b6.8 b6.4 b6.7 b6.3 b

    Cost of goods sold

    1.7 b4.5 b4 b4.2 b4.3 b4.1 b4 b4 b

    Gross profit

    951 m1.6 b2.2 b2.4 b2.5 b2.3 b2.7 b2.3 b

    Gross profit Margin, %

    36%27%35%36%37%36%40%37%

    General and administrative expense

    473 m1.2 b805 m865 m895 m750 m760 m

    Operating expense total

    473 m1.2 b805 m865 m895 m750 m760 m

    EBIT

    444 m399 m1.4 b1.5 b1.6 b1.6 b1.9 b1.7 b

    EBIT margin, %

    17%7%23%23%24%24%29%26%

    Interest expense

    394 m460 m311 m249 m264 m313 m307 m306 m

    Interest income

    10 m

    Net Income

    (344 m)(303 m)843 m900 m955 m891 m1.2 b

      Balance Sheet

      Annual

      USDFY, 2013FY, 2014FY, 2015FY, 2016

      Cash

      1.7 b1.3 b4.8 b4.2 b

      Inventories

      1.8 b2.6 b2.7 b

      Current Assets

      4.9 b4.8 b9.8 b8.8 b

      PP&E

      4.1 b4.2 b6.5 b6.7 b

      Goodwill

      11.5 b11.4 b43.1 b44.1 b

      Total Assets

      23.1 b22.9 b123 b120.5 b

      Accounts Payable

      1.5 b1.5 b2.8 b4 b

      Dividends Payable

      313 m324 m762 m39 m

      Short-term debt

      1.4 b792 b

      Current Liabilities

      3.4 b4.8 b6.9 b9.5 b

      Long-term debt

      10 b8.6 b25.2 b29.7 b

      Total Debt

      10 b10 b25.2 b31.8 b

      Total Liabilities

      62.9 b

      Additional Paid-in Capital

      4.4 b4.7 b58.4 b58.6 b

      Retained Earnings

      1 b588 m

      Total Equity

      5.2 b4.4 b57.9 b57.6 b

      Debt to Equity Ratio

      1.9 x2.3 x0.4 x0.6 x

      Debt to Assets Ratio

      0.4 x0.4 x0.2 x0.3 x

      Financial Leverage

      4.5 x5.3 x2.1 x2.1 x

        Quarterly

        USDQ2, 2015Q3, 2015Q3, 2016Q1, 2016Q2, 2016Q1, 2017Q2, 2017Q3, 2017

        Cash

        2.1 b4.4 b3.9 b4.2 b4.2 b3.2 b1.4 b1.4 b

        Accounts Receivable

        795 m

        Inventories

        1.2 b3 b3.1 b2.9 b2.9 b3.2 b3.1 b3.2 b

        Current Assets

        4.6 b10.4 b8.9 b9.8 b9.3 b8.9 b7.1 b7.2 b

        PP&E

        2.3 b6.4 b6.5 b6.4 b6.4 b6.7 b6.8 b

        Goodwill

        14.7 b46.8 b44.5 b43.5 b44.6 b44.3 b44.6 b44.9 b

        Total Assets

        36.1 b122 b121 b123 b122 b121 b119 b120.1 b

        Accounts Payable

        3.9 b

        Dividends Payable

        769 m794 m827 m

        Short-term debt

        2 b2.1 b2 b19 m2.8 b

        Current Liabilities

        2.7 b5.7 b9.4 b6.7 b9.6 b9.4 b7.4 b9.4 b

        Long-term debt

        13.6 b25.3 b30 b25.2 b30 b29.7 b30 b28.3 b

        Non-Current Liabilities

        18.1 b

        Total Debt

        13.6 b25.3 b32 b25.2 b32.1 b31.8 b30 b31.1 b

        Total Liabilities

        54.4 b63.2 b56.7 b63.6 b62.9 b60.9 b61.1 b

        Additional Paid-in Capital

        59.6 b58.6 b58.4 b58.5 b58.6 b58.7 b58.7 b

        Retained Earnings

        (196 m)

        Total Equity

        7 b59 b57.9 b58.3 b58 b57.9 b58.5 b59 b

        Financial Leverage

        5.2 x2.1 x2.1 x2.1 x2.1 x2.1 x2 x2 x

          Cash Flow

          Annual

          USDFY, 2014FY, 2015FY, 2016

          Net Income

          1 b647 m3.6 b

          Depreciation and Amortization

          385 m280 m1.3 b

          Accounts Receivable

          144 m838 m80 m

          Inventories

          (53 m)84 m(130 m)

          Accounts Payable

          45 m(90 m)943 m

          Cash From Operating Activities

          2 b2.5 b5.2 b

          Capital Expenditures

          (1.2 b)(648 m)(1.2 b)

          Cash From Investing Activities

          (349 m)(9.7 b)(1.1 b)

          Long-term Borrowings

          (1.1 b)(12.3 b)(86 m)

          Dividends Paid

          (1.3 b)(1.3 b)(3.6 b)

          Cash From Financing Activities

          (1.9 b)10.2 b(4.6 b)

          Interest Paid

          620 m704 m1.2 b

          Income Taxes Paid

          86 m577 m1.6 b

          Free Cash Flow

          773 m1.8 b4 b

            Quarterly

            USDQ2, 2015Q3, 2015Q3, 2016Q1, 2016Q2, 2016Q1, 2017Q2, 2017Q3, 2017

            Net Income

            (344 m)(303 m)843 m900 m955 m891 m

            Depreciation and Amortization

            131 m402 m1 b363 m720 m262 m517 m

            Accounts Receivable

            795 m

            Inventories

            (80 m)23 m(481 m)(273 m)(256 m)(492 m)(431 m)3.2 b

            Accounts Payable

            13 m(97 m)480 m59 m90 m62 m84 m3.9 b

            Cash From Operating Activities

            411 m746 m

            Capital Expenditures

            (163 m)(366 m)(836 m)(303 m)(514 m)(368 m)(690 m)

            Cash From Investing Activities

            (9.4 b)(742 m)(325 m)(516 m)(330 m)(646 m)

            Long-term Borrowings

            (2 b)(12.3 b)(74 m)(6 m)(12 m)(2 b)

            Cash From Financing Activities

            11.2 b(3 b)(627 m)(2.2 b)(505 m)(3 b)

            Income Taxes Paid

            4 m

            Free Cash Flow

            248 m380 m

              Ratios

              USDY, 2017

              EV/EBIT

              75.2 x

              Revenue/Employee

              154 k

              Financial Leverage

              2 x