Stock Analysis on Net
Stock Analysis on Net

Kraft Foods Group Inc. (NASDAQ:KRFT)

This company has been moved to the archive! The financial data has not been updated since April 28, 2015.

Common-Size Balance Sheet: Liabilities and Stockholders’ Equity 

Kraft Foods Group Inc., common-size consolidated balance sheet: liabilities and stockholders’ equity

Microsoft Excel
Dec 27, 2014 Dec 28, 2013 Dec 29, 2012
Current portion of long-term debt 6.12 0.02 0.02
Accounts payable 6.70 6.69 6.67
Accrued marketing 2.23 2.96 3.17
Accrued employment costs 0.71 0.79 0.83
Dividends payable 1.41 1.35 1.27
Accrued postretirement health care costs 0.84 0.85 1.01
Other current liabilities 2.79 2.07 2.48
Current liabilities 20.80% 14.73% 15.46%
Long-term debt, excluding current portion 37.60 43.10 42.72
Deferred income taxes 1.48 2.86 1.23
Accrued pension costs 4.82 1.75 8.53
Accrued postretirement health care costs 14.81 13.31 15.01
Other liabilities 1.47 1.85 1.74
Noncurrent liabilities 60.18% 62.86% 69.23%
Total liabilities 80.98% 77.59% 84.69%
Common stock, no par value 0.00 0.00 0.00
Additional paid-in capital 20.39 19.16 18.17
Retained earnings (deficit) 4.55 5.53 -0.88
Accumulated other comprehensive losses -2.45 -2.16 -1.97
Treasury stock, at cost -3.47 -0.13 -0.01
Equity 19.02% 22.41% 15.31%
Total liabilities and equity 100.00% 100.00% 100.00%

Based on: 10-K (reporting date: 2014-12-27), 10-K (reporting date: 2013-12-28), 10-K (reporting date: 2012-12-29).

Current liabilities
The current portion of long-term debt increased sharply from 0.02% in 2013 to 6.12% in 2014, signaling a greater amount of short-term debt obligations. Overall current liabilities rose from 14.73% in 2013 to 20.8% in 2014, driven primarily by this increase. Accounts payable remained stable around 6.7%, whereas accrued marketing and accrued employment costs decreased steadily over the three years, indicating reduced short-term expenses in these areas. Dividends payable increased slightly each year, suggesting a gradual rise in dividend commitments. Other current liabilities fluctuated but showed an increase in 2014 compared to 2013.
Noncurrent liabilities
Long-term debt, excluding the current portion, declined from 43.1% in 2013 to 37.6% in 2014, reflecting potential debt repayments or refinancing towards more current liabilities. Deferred income taxes increased sharply in 2013 before falling back in 2014. Accrued pension costs dropped significantly in 2013 but then rose again in 2014, though not reaching the initial 2012 level. Accrued postretirement health care costs slightly decreased in 2013 but rebounded in 2014. Overall noncurrent liabilities as a percentage decreased steadily from 69.23% in 2012 to 60.18% in 2014, indicating a shift towards relatively lower long-term obligations over the period.
Total liabilities and equity
Total liabilities as a percent of total liabilities and equity declined from 84.69% in 2012 to 77.59% in 2013 but increased again to 80.98% in 2014, showing some volatility in the company’s overall leverage. Equity increased significantly from 15.31% in 2012 to 22.41% in 2013 but decreased to 19.02% in 2014, indicating fluctuations in the company’s net worth relative to its liabilities.
Equity components
Additional paid-in capital steadily increased from 18.17% in 2012 to 20.39% in 2014, demonstrating rising capital contributions or retained earnings reinvested into the company. Retained earnings moved from a slight deficit in 2012 (-0.88%) to positive territory in both 2013 (5.53%) and 2014 (4.55%), reflecting improved profitability or earnings retention. Accumulated other comprehensive losses deepened slightly each year, indicating an increasing unrealized loss position on certain comprehensive income elements. Treasury stock showed a marked increase in cost percentage by 2014 (-3.47%), possibly due to share repurchases.