Balance Sheet: Assets

The balance sheet provides creditors, investors, and analysts with information on company resources (assets) and its sources of capital (its equity and liabilities). It normally also provides information about the future earnings capacity of a company assets as well as an indication of cash flows that may come from receivables and inventories.

Assets are resources controlled by the company as a result of past events and from which future economic benefits are expected to flow to the entity.

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Kraft Foods Group Inc., consolidated balance sheet: assets

US$ in millions

		Dec 27, 2014		Dec 28, 2013		Dec 29, 2012
	Cash and cash equivalents
	Receivables, net of allowances
	Inventories
	Deferred income taxes
	Other current assets
	Current assets
	Property, plant and equipment, net
	Goodwill
	Intangible assets, net
	Other assets
	Noncurrent assets
	Total assets

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

Cash and Cash Equivalents: The cash and cash equivalents increased significantly from 1255 million US dollars in 2012 to 1686 million in 2013. However, this was followed by a decline to 1293 million in 2014, indicating some volatility in the company's liquidity position over the three-year period.
Receivables, Net of Allowances: Receivables decreased slightly from 1089 million dollars in 2012 to 1048 million in 2013, then experienced a modest rebound to 1080 million in 2014. This suggests a relative stability in receivables with minor fluctuations.
Inventories: Inventories saw a notable decrease from 1928 million in 2012 to 1616 million in 2013. In 2014, there was a recovery to 1775 million, indicating a partial replenishment or build-up after an initial drawdown.
Deferred Income Taxes: Deferred income taxes declined from 420 million in 2012 to 360 million in 2013, followed by a slight increase to 384 million in 2014. This movement reflects minor shifts in timing differences or tax strategies.
Other Current Assets: Other current assets demonstrated steady growth, rising from 131 million in 2012 to 198 million in 2013, and further to 259 million in 2014. This consistent upward trend suggests expansion in miscellaneous current asset components.
Current Assets: Total current assets increased marginally from 4823 million in 2012 to 4908 million in 2013, followed by a slight decrease to 4791 million in 2014. The current assets remained relatively stable overall, with minor year-over-year changes.
Property, Plant and Equipment, Net: The net value of property, plant, and equipment declined initially from 4204 million in 2012 to 4115 million in 2013, before increasing to 4192 million in 2014. This indicates some reinvestment or asset additions after an earlier depreciation or disposals.
Goodwill: Goodwill showed a gradual increase from 11346 million in 2012 to 11505 million in 2013, but slightly decreased to 11404 million in 2014. The relative stability suggests maintained acquisition goodwill with minor adjustments.
Intangible Assets, Net: Intangible assets net value declined significantly from 2631 million in 2012 to 2229 million in 2013 and remained nearly flat at 2234 million in 2014, pointing to amortization or impairment effects impacting intangible asset valuation.
Other Assets: Other assets increased from 325 million in 2012 to 391 million in 2013, then decreased back to 326 million in 2014. This pattern indicates a temporary rise in miscellaneous asset holdings followed by normalization.
Noncurrent Assets: The total noncurrent assets decreased from 18506 million in 2012 to 18240 million in 2013, then slightly further to 18156 million in 2014. The decline reflects the overall downward pressure on long-term asset balances over the period.
Total Assets: Total assets exhibited a downward trend, decreasing from 23329 million in 2012 to 23148 million in 2013 and further to 22947 million in 2014. This points to a modest contraction in the overall asset base during the period reviewed.

Assets: Selected Items

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Current Assets: Selected Items