Income Statement
Quarterly Data
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.
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- Analysis of Short-term (Operating) Activity Ratios
- Analysis of Reportable Segments
- Common Stock Valuation Ratios
- Enterprise Value to EBITDA (EV/EBITDA)
- Enterprise Value to FCFF (EV/FCFF)
- Operating Profit Margin since 2012
- Return on Equity (ROE) since 2012
- Total Asset Turnover since 2012
- Price to Book Value (P/BV) since 2012
- Analysis of Debt
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Kraft Foods Group Inc., consolidated income statement (quarterly data)
US$ in millions
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).
- Net Revenues
- Net revenues exhibit some fluctuations over the periods, with values mostly ranging between approximately 4300 million and 4800 million US dollars. There is no clear upward or downward trend; instead, the figures oscillate within this range across quarters.
- Cost of Sales
- Cost of sales shows variability, with values mostly between around 2700 million and 3200 million US dollars for most quarters. A notable exception is in December 2014, where the cost spikes significantly to 4224 million, suggesting an unusual increase in expenses during that quarter.
- Gross Profit
- Gross profit generally reflects the fluctuations in revenues and costs of sales. While periods show relatively stable gross profits in the range of 1300 to nearly 2000 million US dollars, there is a marked drop in December 2014 to 472 million US dollars, indicating a significant compression in gross margin, likely related to the spike in cost of sales during the same quarter.
- Selling, General and Administrative Expenses (SG&A)
- SG&A expenses vary notably across quarters. Values range from approximately -400 million to -1085 million US dollars, with the highest expense recorded in December 2014. This quarter stands out as an outlier with significantly higher SG&A, which may have materially impacted operational profitability during that period.
- Asset Impairment and Exit Costs
- Amounts reported under asset impairment and exit costs are generally small, with some fluctuations. Notably, some quarters in 2014 have missing or zero values. The figures mostly remain under 50 million US dollars in magnitude, suggesting these costs have a limited but present impact on financial performance.
- Operating Income
- Operating income exhibits considerable variability. It peaked at 1514 million US dollars in December 2013, reflecting strong operational performance. However, in December 2014, operating income turns negative at -614 million, representing a significant operational loss. This decrease aligns with the aforementioned spike in cost of sales and SG&A expenses, indicating that extraordinary costs during that period severely affected operations.
- Interest and Other Expense, Net
- This expense remains relatively stable, with values generally around -100 million to -130 million US dollars per quarter. There are no abrupt changes, suggesting consistent financing and other related expenses throughout the timeframe.
- Royalty Income from Mondelēz International
- Royalty income is only reported in early 2012, with small positive values and no entries after September 2012. This absence in later periods implies discontinuation or reclassification of this income stream.
- Earnings Before Income Taxes
- Earnings before taxes fluctuate in line with operating income trends, with highs near 1400 million US dollars and lows approaching zero or negative territory in some quarters. December 2014 again presents an anomaly with earnings before taxes at -730 million, reflecting the challenging financial dynamics in that quarter.
- Provision for Income Taxes
- Tax provisions mostly show negative values, indicating tax expenses, with occasional exceptions such as a positive provision in December 2014 (332 million). The positive figure could be associated with tax benefits or adjustments related to the operating loss in that quarter.
- Net Earnings
- Net earnings follow the similar oscillating pattern observed in operating income and earnings before taxes. Most quarters report positive net earnings generally between 400 million and 900 million US dollars. A significant exception is December 2014, which reflects a net loss of 398 million US dollars, consistent with the operational and pre-tax losses previously noted.