Stock Analysis on Net
Stock Analysis on Net

Kraft Heinz Co. (NASDAQ:KHC)

$22.49

This company has been moved to the archive! The financial data has not been updated since July 31, 2020.

Common-Size Balance Sheet: Assets

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Kraft Heinz Co., common-size consolidated balance sheet: assets

Microsoft Excel
Dec 28, 2019 Dec 29, 2018 Dec 30, 2017 Dec 31, 2016 Dec 31, 2015
Cash and cash equivalents
Trade receivables, net of allowances
Sold receivables
Income taxes receivable
Inventories
Prepaid expenses
Other current assets
Assets held for sale
Current assets
Property, plant and equipment, net
Goodwill
Intangible assets, net
Other non-current assets
Non-current assets
Total assets

Based on: 10-K (reporting date: 2019-12-28), 10-K (reporting date: 2018-12-29), 10-K (reporting date: 2017-12-30), 10-K (reporting date: 2016-12-31), 10-K (reporting date: 2015-12-31).

Cash and cash equivalents
The proportion of cash and cash equivalents relative to total assets exhibits a declining trend from 3.93% in 2015 to a low of 1.09% in 2018, before rebounding to 2.25% in 2019. This suggests a reduction in readily available liquid assets during the initial years, followed by a modest recovery.
Trade receivables, net of allowances
Trade receivables as a percentage of total assets remained relatively low and stable between 2015 and 2017, fluctuating just below 1%. However, there is a noticeable increase in 2018 and 2019, reaching approximately 2%, indicating a higher amount tied up in receivables during those periods.
Sold receivables
The percentage of sold receivables decreased significantly from 0.47% in 2015 to 0.11% in 2016, then rose slightly to 0.29% in 2017 before ceasing to be reported in later years. This suggests a shift away from the sale of receivables as a source of liquidity after 2017.
Income taxes receivable
Starting at 0.22% in 2016, income taxes receivable increased to 0.48% in 2017 before declining to around 0.15% in the final years, reflecting some variability but remaining a minor component of total assets.
Inventories
Inventories consistently increased from 2.13% of total assets in 2015 to 2.68% in 2019, signaling a gradual build-up of stock over the period.
Prepaid expenses
Prepaid expenses were unreported until 2017 when they appeared at 0.29%, further increasing slightly in subsequent years to stabilize around 0.38-0.39%, indicating the growing recognition or significance of prepaid items.
Other current assets
This category showed a declining trend overall, starting at 0.71% in 2015, decreasing to 0.52% in 2017, then briefly rising to 1.18% in 2018 before dropping sharply to 0.44% in 2019, suggesting fluctuations in miscellaneous current asset holdings.
Assets held for sale
Assets held for sale were not recorded until 2018, when they represented 1.33% of total assets, followed by a significant drop to 0.12% in 2019, indicating the disposal or reclassification of these assets.
Current assets
The share of current assets declined from 7.95% in 2015 to 6.04% in 2017, then increased noticeably to 8.77% in 2018 before settling at 7.98% in 2019. This pattern suggests a period of decreased short-term asset holdings followed by accumulation, possibly to support operational needs.
Property, plant and equipment, net
Net property, plant, and equipment steadily increased from 5.31% in 2015 to 6.95% in 2019, indicating ongoing investment or capital retention in long-term tangible assets.
Goodwill
Goodwill as a percentage of total assets hovered around 35%, increasing slightly from 35.01% in 2015 to a peak of 37.28% in 2017, then declining modestly thereafter. This stability suggests the preservation of acquired intangible value without significant impairment or addition.
Intangible assets, net
Intangible assets remained the dominant asset category, accounting for roughly 50% in 2015 and maintaining near that level through 2019, with a slight downward trend from 50.52% to 47.96%. This points to a consistent focus on intangible resources such as trademarks or patents.
Other non-current assets
Other non-current assets showed slight variation, rising gradually from 1.22% in 2015 to 2.07% in 2019, indicating possible growth in less liquid and diversified long-term asset components.
Non-current assets
Non-current assets remained highly dominant overall, maintaining a range between 91% and 94% of total assets. This consistent proportion underscores the company’s emphasis on long-term asset bases versus current assets.
Total assets
As expected, total assets were consistently normalized at 100% for all years.