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.

Balance Sheet: Liabilities and Stockholders’ Equity

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.

Liabilities represents obligations of a company arising from past events, the settlement of which is expected to result in an outflow of economic benefits from the entity.

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

US$ in millions

Microsoft Excel
Dec 27, 2014 Dec 28, 2013 Dec 29, 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
Retained earnings (deficit)
Accumulated other comprehensive losses
Treasury stock, at cost
Equity
Total liabilities and equity

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

Current Portion of Long-Term Debt
There is a significant increase from 5 million in 2012 and 4 million in 2013 to 1,405 million in 2014, indicating a major portion of long-term debt becoming due within one year in 2014.
Accounts Payable
Accounts payable show a slight declining trend, decreasing gradually from 1,556 million in 2012 to 1,537 million in 2014, suggesting a marginal improvement in short-term payment obligations or supplier credit terms.
Accrued Marketing
Accrued marketing expenses decreased steadily from 740 million in 2012 to 511 million in 2014, which could indicate a reduction in marketing activities or improved timing of marketing expense settlements.
Accrued Employment Costs
Accrued employment costs declined from 194 million in 2012 to 163 million in 2014, reflecting potential reductions in payroll liabilities or changes in compensation timing.
Dividends Payable
Dividends payable show a consistent increase from 296 million in 2012 to 324 million in 2014, indicating steadily increasing dividend commitments to shareholders.
Accrued Postretirement Health Care Costs (Current)
Current accrued postretirement health care costs decreased moderately from 236 million in 2012 to 192 million in 2014, suggesting some reduction in near-term health care cost obligations.
Other Current Liabilities
Other current liabilities decreased from 579 million in 2012 to 479 million in 2013 but increased again to 641 million in 2014, showing variability possibly due to miscellaneous obligations or adjustments in current liabilities.
Current Liabilities
Current liabilities declined slightly from 3,606 million in 2012 to 3,410 million in 2013 but then surged to 4,773 million in 2014, mainly driven by the sharp increase in current portion of long-term debt, indicating a potential liquidity pressure or debt restructuring activity in 2014.
Long-Term Debt, Excluding Current Portion
Long-term debt excluding current portion remained relatively stable at around 9,966 million in 2012 and 9,976 million in 2013, then decreased to 8,627 million in 2014, reflecting a reduction in the non-current debt, possibly due to repayments or reclassification to current portion.
Deferred Income Taxes
Deferred income taxes rose substantially from 288 million in 2012 to 662 million in 2013 but decreased to 340 million in 2014, showing volatility in deferred tax liabilities or assets, potentially influenced by tax planning or changes in temporary differences.
Accrued Pension Costs
Accrued pension costs dropped sharply from 1,990 million in 2012 to 405 million in 2013 and then increased again to 1,105 million in 2014, indicating significant fluctuations that may arise from actuarial revaluations or pension funding activities.
Accrued Postretirement Health Care Costs (Noncurrent)
Noncurrent accrued postretirement health care costs decreased slightly from 3,502 million in 2012 to 3,080 million in 2013, then increased to 3,399 million in 2014, exhibiting some volatility but relatively stable over the period.
Other Liabilities
Other liabilities increased slightly from 405 million in 2012 to 428 million in 2013, then decreased to 338 million in 2014, reflecting minor fluctuations in miscellaneous long-term obligations.
Noncurrent Liabilities
Noncurrent liabilities trended downward from 16,151 million in 2012 to 14,551 million in 2013, and further declined to 13,809 million in 2014, indicating an overall reduction in long-term obligations over the three years.
Total Liabilities
Total liabilities decreased from 19,757 million in 2012 to 17,961 million in 2013, before rising to 18,582 million in 2014, largely due to changes in current liabilities and debt structure.
Additional Paid-In Capital
Additional paid-in capital steadily increased from 4,240 million in 2012 to 4,678 million in 2014, suggesting ongoing equity injections or share-based compensation impacts.
Retained Earnings (Deficit)
Retained earnings improved from a deficit of 206 million in 2012 to a positive 1,281 million in 2013, then decreased to 1,045 million in 2014, reflecting improved profitability or cumulative earnings with some decline in 2014.
Accumulated Other Comprehensive Losses
Accumulated other comprehensive losses increased in magnitude from -460 million in 2012 to -562 million in 2014, indicating growing losses in components such as foreign currency translation or unrealized losses on securities.
Treasury Stock, at Cost
Treasury stock increased markedly in absolute value from -2 million in 2012 to -796 million in 2014, reflecting substantial share repurchases over the period.
Equity
Equity rose significantly from 3,572 million in 2012 to 5,187 million in 2013 but then declined to 4,365 million in 2014, influenced by movements in retained earnings, treasury stock, and paid-in capital.
Total Liabilities and Equity
Total liabilities and equity remained relatively stable, with a slight decrease from 23,329 million in 2012 to 22,947 million in 2014, reflecting management of capital structure without major changes in overall financing.