Income Statement

The income statement presents information on the financial results of a company business activities over a period of time. The income statement communicates how much revenue the company generated during a period and what cost it incurred in connection with generating that revenue.

Kimberly-Clark Corp., consolidated income statement

US$ in millions

12 months ended:	Dec 31, 2020	Dec 31, 2019	Dec 31, 2018	Dec 31, 2017	Dec 31, 2016
Net sales	19,140)	18,450)	18,486)	18,259)	18,202)
Cost of products sold	(12,318)	(12,415)	(12,889)	(11,706)	(11,551)
Gross profit	6,822)	6,035)	5,597)	6,553)	6,651)
Marketing, research and general expenses	(3,632)	(3,254)	(3,367)	(3,227)	(3,326)
Other income and (expense), net	54)	210)	(1)	(27)	(8)
Operating profit	3,244)	2,991)	2,229)	3,299)	3,317)
Nonoperating expense	(70)	(91)	(163)	—)	—)
Interest income	8)	11)	10)	10)	11)
Interest expense	(252)	(261)	(263)	(318)	(319)
Income before income taxes and equity interests	2,930)	2,650)	1,813)	2,991)	3,009)
Provision for income taxes	(676)	(576)	(471)	(776)	(922)
Income before equity interests	2,254)	2,074)	1,342)	2,215)	2,087)
Share of net income of equity companies	142)	123)	103)	104)	132)
Net income	2,396)	2,197)	1,445)	2,319)	2,219)
Net income attributable to noncontrolling interests	(44)	(40)	(35)	(41)	(53)
Net income attributable to Kimberly-Clark Corporation	2,352)	2,157)	1,410)	2,278)	2,166)

Based on: 10-K (reporting date: 2020-12-31), 10-K (reporting date: 2019-12-31), 10-K (reporting date: 2018-12-31), 10-K (reporting date: 2017-12-31), 10-K (reporting date: 2016-12-31).

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Income statement item	Description	The company
Net sales	Amount, including tax collected from customer, of revenue from satisfaction of performance obligation by transferring promised good or service to customer. Tax collected from customer is tax assessed by governmental authority that is both imposed on and concurrent with specific revenue-producing transaction, including, but not limited to, sales, use, value-added and excise.	Kimberly-Clark Corp. net sales decreased from 2018 to 2019 but then increased from 2019 to 2020 exceeding 2018 level.
Operating profit	The net result for the period of deducting operating expenses from operating revenues.	Kimberly-Clark Corp. operating profit increased from 2018 to 2019 and from 2019 to 2020.
Income before income taxes and equity interests	Amount of income (loss) from continuing operations, including income (loss) from equity method investments, before deduction of income tax expense (benefit), and income (loss) attributable to noncontrolling interest.	Kimberly-Clark Corp. income before income taxes and equity interests increased from 2018 to 2019 and from 2019 to 2020.
Net income attributable to Kimberly-Clark Corporation	The portion of profit or loss for the period, net of income taxes, which is attributable to the parent.	Kimberly-Clark Corp. net income attributable to Kimberly-Clark Corporation increased from 2018 to 2019 and from 2019 to 2020.

Kimberly-Clark Corp. (NYSE:KMB)

Income Statement