Stock Analysis on Net
Stock Analysis on Net

Kraft Foods Group Inc. (NASDAQ:KRFT)

$22.49

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
Quarterly Data

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

Microsoft Excel
Mar 28, 2015 Dec 27, 2014 Sep 27, 2014 Jun 28, 2014 Mar 29, 2014 Dec 28, 2013 Sep 28, 2013 Jun 29, 2013 Mar 30, 2013 Dec 29, 2012 Sep 30, 2012 Jun 30, 2012 Mar 31, 2012
Current portion of long-term debt
Accounts payable
Accrued marketing
Accrued employment costs
Dividends payable
Accrued postretirement health care costs
Other current liabilities
Current liabilities
Long-term debt, excluding current portion
Deferred income taxes
Accrued pension costs
Accrued postretirement health care costs
Other liabilities
Noncurrent liabilities
Total liabilities
Common stock, no par value
Additional paid-in capital
Parent company investment
Retained earnings (deficit)
Accumulated other comprehensive losses
Treasury stock, at cost
Equity
Total liabilities and equity

Based on: 10-Q (reporting date: 2015-03-28), 10-K (reporting date: 2014-12-27), 10-Q (reporting date: 2014-09-27), 10-Q (reporting date: 2014-06-28), 10-Q (reporting date: 2014-03-29), 10-K (reporting date: 2013-12-28), 10-Q (reporting date: 2013-09-28), 10-Q (reporting date: 2013-06-29), 10-Q (reporting date: 2013-03-30), 10-K (reporting date: 2012-12-29), 10-Q (reporting date: 2012-09-30), 10-12B/A (reporting date: 2012-06-30), 10-12B/A (reporting date: 2012-03-31).

Current portion of long-term debt
This item remained very low, near 0.01% to 0.04%, from March 2012 through December 2013. However, starting in June 2014, there is a marked increase jumping to above 6%, maintaining around this level through March 2015. This suggests a significant reclassification or increase in short-term debt obligations beginning mid-2014.
Accounts payable
The accounts payable ratio was relatively stable, fluctuating moderately between approximately 6.1% and 7.0% over the entire period. A subtle upward trend is observable towards the later dates, with a peak at 7.04% in March 2015, indicating a slight increase in outstanding payables relative to total liabilities and equity.
Accrued marketing
Accrued marketing showed variability without a definitive trend. It started around 2.19% in March 2012, peaked at 3.17% in December 2012, and generally ranged between 1.69% and 2.96%, ending near 2.16% in March 2015, reflecting some fluctuation in marketing accruals.
Accrued employment costs
This ratio fluctuated modestly, declining from 0.44% in March 2012 to a low of 0.36% by March 2015. Intermittent rises to approximately 0.8% were noted during 2012 and 2013, with general stabilization towards lower values in later periods.
Dividends payable
Data for dividends payable is sporadic, appearing only from December 2013 onwards, with values around 1.34% to 1.41%. This indicates the recognition of dividend obligations became more prominent or reported specifically within this timeframe.
Accrued postretirement health care costs (current)
Reported only after 2013, percentages hovered near 0.83% to 0.86%. This suggests a relatively stable proportion of accrued postretirement healthcare obligations within current liabilities during the later periods.
Other current liabilities
Other current liabilities varied significantly, from a low of 1.87% in September 2012 to a peak of around 5.06% in March 2013. The values fluctuated around 2% to 3% later, indicating some volatility but no consistent trending direction.
Current liabilities
Current liabilities increased notably from 11.22% in March 2012 to a peak of 21.11% by March 2015. The sharp rise after mid-2014 aligns with the increase in the current portion of long-term debt, emphasizing a growing short-term debt burden.
Long-term debt, excluding current portion
Long-term debt experienced a substantial increase from near 0.12% in March 2012 to over 42.9% by September 2012, maintaining a level around 37% to 43% through the period. A decline is noted after March 2014, falling to approximately 37.3% by March 2015, suggesting partial reduction or reclassification of debt.
Deferred income taxes
There was a noticeable drop from about 7.3% in early 2012 to roughly 1.2% to 2.9% levels from late 2012 onward. Post-2012, deferred income taxes stabilized at a lower absolute percentage of total liabilities and equity.
Accrued pension costs
Accrued pension costs showed volatile behavior, spiking to 8.53% in December 2012 from around 0.5%, then declining to below 2% until late 2014 where it increased again near 4.8%. This indicates episodic recognition of pension-related liabilities impacting financial structure.
Accrued postretirement health care costs (noncurrent)
This liability constituted a significant portion, remaining consistently high around 13% to 15% from December 2012 through March 2015, demonstrating a persistent and substantial long-term healthcare-related obligation.
Other liabilities
Other liabilities showed a gradual decline from 2.7% in March 2012 to about 1.4% by late 2014 and early 2015, indicating a slow reduction in this category's relative size.
Noncurrent liabilities
Noncurrent liabilities expanded sharply from around 10.6% in March 2012 to over 69% in December 2012, then gradually decreased to about 59.3% by March 2015. This reflects a considerable increase in longer-term obligations during 2012, with some normalization subsequently.
Total liabilities
Total liabilities rose substantially from 21.8% in March 2012, peaking near 85% by the end of 2012, then slowly declining to stabilize around 80% by early 2015. The data suggests a significant increase in leverage during 2012 with moderate deleveraging afterwards.
Additional paid-in capital
This equity component, noted only from December 2012 onward, showed a steady increase from about 18.2% to 20.8% by March 2015. This indicates growing invested capital or retained funds beyond common stock par value.
Parent company investment
Reported only in 2012, this equity proportion decreased dramatically from nearly 80% in March 2012 to about 35.5% by September 2012, signaling substantial changes in equity composition or accounting presentation during that year.
Retained earnings (deficit)
Retained earnings moved from a negative position to positive starting late 2012, showing a steady increase from roughly -0.88% to 9.18% in December 2014 before declining to around 4.96% by March 2015. This pattern suggests improving profitability over time, with some variability near the end.
Accumulated other comprehensive losses
These losses slightly worsened over the period from approximately -1.4% to about -2.7%, indicating increasing unrealized losses or other comprehensive expense components on equity.
Treasury stock, at cost
Treasury stock holdings grew substantially in magnitude from near zero in early 2013 to -3.53% by March 2015, reflecting significant repurchase or holding of own shares, which reduces shareholder equity.
Equity
Equity as a proportion of total liabilities and equity decreased markedly from 78.2% in March 2012 to a low near 15% by the end of 2012, followed by a gradual recovery to around 24.5% by late 2014, then declining again to approximately 19.5% in March 2015. This trend reflects a significant shift towards higher leverage and later some restoration of equity value.
Total liabilities and equity
Maintained a constant value of 100% through all periods, confirming all components are expressed as proportions of this total.