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: Liabilities and Stockholders’ Equity

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Kraft Heinz Co., common-size consolidated balance sheet: liabilities and stockholders’ equity

Microsoft Excel
Dec 28, 2019 Dec 29, 2018 Dec 30, 2017 Dec 31, 2016 Dec 31, 2015
Commercial paper and other short-term debt
Current portion of long-term debt
Trade payables
Accrued marketing
Interest payable
Other current liabilities
Liabilities held for sale
Current liabilities
Long-term debt, excluding current portion
Deferred income taxes
Accrued postemployment costs
Other non-current liabilities
Non-current liabilities
Total liabilities
Redeemable noncontrolling interest
9.00% cumulative compounding preferred stock, Series A, $0.01 par value
Common stock, $0.01 par value
Additional paid-in capital
Retained earnings (deficit)
Accumulated other comprehensive losses
Treasury stock, at cost
Shareholders’ equity
Noncontrolling interest
Total equity
Total liabilities and equity

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).

Short-term debt components
The proportion of commercial paper and other short-term debt relative to total liabilities and equity remained minimal, starting at 0% in 2015, rising slightly to 0.54% in 2016, and then declining steadily to 0.01% by 2019. The current portion of long-term debt exhibited more volatility, increasing from 0.06% in 2015 to a peak of 2.28% in 2017, followed by a drop to 0.36% in 2018 before rising again to 1.01% in 2019.
Trade payables and accrued liabilities
Trade payables demonstrated an upward trend from 2.31% in 2015 to a peak of 4.01% in 2018, then slightly decreased to 3.95% in 2019, indicating a general increase in short-term obligations to suppliers. Accrued marketing expenses remained relatively stable between 0.57% and 0.7%, showing minor fluctuations without a clear trend.
Interest payable and other current liabilities
Interest payable showed a slight gradual increase from 0.33% in 2015 to 0.39% in 2018, followed by a minor decrease to 0.38% in 2019. Other current liabilities declined from 2.23% in 2015 to 1.15% in 2017 but then rose again to 1.78% by 2019, suggesting some variability in miscellaneous current obligations.
Current liabilities overall
The total current liabilities increased from 5.64% in 2015 to a high of 8.43% in 2017, followed by a decrease to 7.25% in 2018, and a subsequent modest rise to 7.76% in 2019. This pattern indicates fluctuations in short-term financial obligations.
Long-term debt and deferred taxes
Long-term debt, excluding current portions, increased notably from 20.45% in 2015 to 29.74% in 2018, then decreased to 27.81% in 2019. Deferred income taxes, conversely, decreased significantly from 17.48% in 2015 to around 11.7% by 2017 and remained stable thereafter, suggesting a reduction in deferred tax liabilities over the period.
Other non-current liabilities
Accrued postemployment costs sharply declined from 1.96% in 2015 to 0.27% in 2019, indicating a reduction in obligations related to employee benefits. Other non-current liabilities increased gradually from 0.61% in 2015 to 1.44% in 2019.
Non-current liabilities and total liabilities
The share of non-current liabilities fluctuated, initially rising from 40.5% in 2015 to 44.33% in 2016, dropping to 36.47% in 2017, then increasing again to 42.7% in 2018 and slightly dropping to 41.23% in 2019. Total liabilities showed a general upward trend from 46.14% in 2015 to 52.21% in 2016 but then fell to approximately 45% in 2017 before rising to nearly 50% in 2018 and slightly decreasing to 48.99% in 2019.
Equity structure
Common stock remained steady at 0.01% across all years. Additional paid-in capital increased from 47.47% in 2015 to a peak of 56.76% in 2018, maintaining around 56% in 2019, indicating significant contributions to equity beyond par value. Retained earnings showed considerable variability, starting without data in 2015, increasing to 7.14% in 2017, then deteriorating into deficits of -4.69% in 2018 and -3.02% in 2019. Accumulated other comprehensive losses fluctuated within a narrow negative range, worsening in some years but remaining close to -1.8% by 2019. Treasury stock holdings increased in cost terms, from -0.03% in 2015 to -0.27% in 2019, implying accumulating repurchases.
Total shareholders’ equity and total equity
Shareholders' equity increased from 46.91% in 2015 to a peak of 54.92% in 2017, then declined to 49.93% in 2018 before slightly recovering to 50.89% in 2019. Total equity, including noncontrolling interests, followed a similar path, rising from 47.08% in 2015 to 55.09% in 2017, then decreasing to about 50% thereafter. The noncontrolling interest component remained marginal and relatively stable throughout.
Overall capital structure
The company maintained a balanced capital structure with total liabilities and equity each roughly constituting half of the total, with total liabilities ranging between 44.9% and 52.21% and total equity ranging from approximately 47% to 55% over the analyzed period. The fluctuations indicate moderate shifts between debt and equity financing, with a notable peak in equity in 2017 and increased debt proportions in 2016 and 2018.