Name: Kraft Foods Group Inc. (NASDAQ:KRFT) | Balance Sheet: Assets (Quarterly)
Creator: Stock Analysis on Net

Balance Sheet: Assets
Quarterly Data

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.

Assets: Selected Items

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Current Assets: Selected Items

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Kraft Foods Group Inc., consolidated balance sheet: assets (quarterly data)

US$ in millions

	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
Cash and cash equivalents	1,178)	1,293)	935)	1,370)	1,482)	1,686)	1,231)	1,164)	1,181)	1,255)	244)	3)	3)
Receivables, net of allowances	1,219)	1,080)	1,086)	1,186)	1,204)	1,048)	1,106)	1,223)	1,278)	1,089)	1,157)	1,102)	1,175)
Inventories	1,886)	1,775)	2,044)	2,024)	1,909)	1,616)	1,881)	1,898)	1,948)	1,928)	2,090)	2,048)	2,174)
Deferred income taxes	382)	384)	348)	339)	361)	360)	428)	418)	403)	420)	208)	320)	224)
Other current assets	339)	259)	209)	192)	201)	198)	189)	116)	144)	131)	206)	161)	240)
Current assets	5,004)	4,791)	4,622)	5,111)	5,157)	4,908)	4,835)	4,819)	4,954)	4,823)	3,905)	3,634)	3,816)
Property, plant and equipment, net	4,194)	4,192)	4,169)	4,130)	4,106)	4,115)	4,103)	4,028)	4,026)	4,204)	4,211)	4,222)	4,260)
Goodwill	11,313)	11,404)	11,454)	11,510)	11,464)	11,505)	11,301)	11,275)	11,319)	11,346)	11,364)	11,322)	11,345)
Intangible assets, net	2,238)	2,234)	2,234)	2,235)	2,235)	2,229)	2,632)	2,631)	2,631)	2,631)	2,632)	2,632)	2,630)
Other assets	385)	326)	324)	359)	399)	391)	255)	311)	337)	325)	172)	79)	44)
Noncurrent assets	18,130)	18,156)	18,181)	18,234)	18,204)	18,240)	18,291)	18,245)	18,313)	18,506)	18,379)	18,255)	18,279)
Total assets	23,134)	22,947)	22,803)	23,345)	23,361)	23,148)	23,126)	23,064)	23,267)	23,329)	22,284)	21,889)	22,095)

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).

Total assets remained relatively stable throughout the observed period, fluctuating between 22.1 billion and 23.3 billion USD. The overall asset composition is characterized by a heavy concentration of noncurrent assets, which consistently represented approximately 78% to 83% of the total asset base.

Liquidity and Current Asset Trends: A significant shift in liquidity is observed, specifically regarding cash and cash equivalents. Starting from a nominal balance of 3 million USD in early 2012, cash holdings experienced a substantial increase, peaking at 1.686 billion USD by December 2013 before stabilizing between 935 million and 1.482 billion USD. This expansion drove the overall growth of current assets, which rose from 3.8 billion USD in March 2012 to 5.0 billion USD by March 2015.; Receivables and inventories exhibited cyclical stability. Receivables generally fluctuated between 1.0 billion and 1.3 billion USD, while inventories remained largely within the 1.6 billion to 2.1 billion USD range, indicating consistent working capital management relative to the scale of operations.
Noncurrent Asset Analysis: Noncurrent assets remained remarkably constant, hovering around 18.1 billion to 18.5 billion USD. Property, plant, and equipment (net) showed minimal volatility, staying within a narrow band of 4.0 billion to 4.3 billion USD, suggesting a period of maintenance rather than aggressive capital expansion.; Goodwill represents the largest single asset component, maintaining a value between 11.3 billion and 11.5 billion USD. This indicates that a significant portion of the total asset value is tied to previous acquisitions.; A notable adjustment occurred in intangible assets (net), which remained stable at approximately 2.6 billion USD until December 2013, at which point they decreased to approximately 2.2 billion USD and remained at that level through March 2015. This reduction suggests a specific impairment charge or a change in amortization schedules during the fourth quarter of 2013.

The overall financial posture indicates a transition toward a more liquid balance sheet without significant changes in the underlying physical or acquired asset base. The stability of total assets, paired with the marked increase in cash, suggests a strategic reallocation of resources or the result of specific financing activities during the 2012-2013 period.

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Kraft Foods Group Inc. (NASDAQ:KRFT)

Balance Sheet: AssetsQuarterly Data

Assets: Selected Items

Current Assets: Selected Items

Balance Sheet: Assets
Quarterly Data