Stock Analysis on Net
Stock Analysis on Net

Kraft Heinz Co. (NASDAQ:KHC)

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 

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

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Dec 28, 2019 Dec 29, 2018 Dec 30, 2017 Dec 31, 2016 Dec 31, 2015
Commercial paper and other short-term debt 0.01 0.02 0.38 0.54 0.00
Current portion of long-term debt 1.01 0.36 2.28 1.70 0.06
Trade payables 3.95 4.01 3.70 3.32 2.31
Accrued marketing 0.64 0.70 0.57 0.62 0.70
Interest payable 0.38 0.39 0.35 0.34 0.33
Other current liabilities 1.78 1.71 1.15 1.37 2.23
Liabilities held for sale 0.01 0.05 0.00 0.00 0.00
Current liabilities 7.76% 7.25% 8.43% 7.89% 5.64%
Long-term debt, excluding current portion 27.81 29.74 23.57 24.66 20.45
Deferred income taxes 11.71 11.79 11.71 17.30 17.48
Accrued postemployment costs 0.27 0.30 0.36 1.69 1.96
Other non-current liabilities 1.44 0.87 0.85 0.67 0.61
Non-current liabilities 41.23% 42.70% 36.47% 44.33% 40.50%
Total liabilities 48.99% 49.95% 44.90% 52.21% 46.14%
Redeemable noncontrolling interest 0.00 0.00 0.00 0.00 0.02
9.00% cumulative compounding preferred stock, Series A, $0.01 par value 0.00 0.00 0.00 0.00 6.77
Common stock, $0.01 par value 0.01 0.01 0.01 0.01 0.01
Additional paid-in capital 56.02 56.76 48.83 48.63 47.47
Retained earnings (deficit) -3.02 -4.69 7.14 0.49 0.00
Accumulated other comprehensive losses -1.86 -1.88 -0.88 -1.35 -0.55
Treasury stock, at cost -0.27 -0.27 -0.19 -0.17 -0.03
Shareholders’ equity 50.89% 49.93% 54.92% 47.61% 46.91%
Noncontrolling interest 0.12 0.11 0.17 0.18 0.17
Total equity 51.01% 50.04% 55.09% 47.79% 47.08%
Total liabilities and equity 100.00% 100.00% 100.00% 100.00% 100.00%

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.