Stock Analysis on Net
Stock Analysis on Net
Microsoft Excel LibreOffice Calc

Kraft Heinz Co. (NASDAQ:KHC)

Balance Sheet: Assets

Beginner level

The balance sheet provides creditors, investors, and analysts with information on company’s resources (assets) and its sources of capital (its equity and liabilities). It normally also provides information about the future earnings capacity of a company’s assets as well as an indication of cash flows that may come from receivables and inventories.

Assets are resources controlled by the company as a result of past events and from which future economic benefits are expected to flow to the entity.

Kraft Heinz Co., consolidated balance sheet: assets

US$ in millions

Microsoft Excel LibreOffice Calc
Dec 28, 2019 Dec 29, 2018 Dec 30, 2017 Dec 31, 2016 Dec 31, 2015
Cash and cash equivalents 2,279  1,130  1,629  4,204  4,837 
Trade receivables, net of allowances 1,973  2,129  921  769  871 
Sold receivables —  —  353  129  583 
Income taxes receivable 173  152  582  260  — 
Inventories 2,721  2,667  2,815  2,684  2,618 
Prepaid expenses 384  400  345  —  — 
Other current assets 445  1,221  621  707  871 
Assets held for sale 122  1,376  —  —  — 
Current assets 8,097  9,075  7,266  8,753  9,780 
Property, plant and equipment, net 7,055  7,078  7,120  6,688  6,524 
Goodwill 35,546  36,503  44,824  44,125  43,051 
Intangible assets, net 48,652  49,468  59,449  59,297  62,120 
Other non-current assets 2,100  1,337  1,573  1,617  1,498 
Non-current assets 93,353  94,386  112,966  111,727  113,193 
Total assets 101,450  103,461  120,232  120,480  122,973 

Based on: 10-K (filing date: 2020-02-14), 10-K (filing date: 2019-06-07), 10-K (filing date: 2018-02-16), 10-K (filing date: 2017-02-23), 10-K (filing date: 2016-03-03).


Assets: Selected Items

Balance sheet item Description The company
Current assets Sum of the carrying amounts as of the balance sheet date of all assets that are expected to be realized in cash, sold, or consumed within one year (or the normal operating cycle, if longer). Assets are probable future economic benefits obtained or controlled by an entity as a result of past transactions or events. Kraft Heinz Co.’s current assets increased from 2017 to 2018 but then slightly decreased from 2018 to 2019 not reaching 2017 level.
Property, plant and equipment, net Amount after accumulated depreciation, depletion and amortization of physical assets used in the normal conduct of business to produce goods and services and not intended for resale. Examples include, but are not limited to, land, buildings, machinery and equipment, office equipment, and furniture and fixtures. Kraft Heinz Co.’s property, plant and equipment, net decreased from 2017 to 2018 and from 2018 to 2019.
Non-current assets Sum of the carrying amounts as of the balance sheet date of all assets that are expected to be realized in cash, sold or consumed after one year or beyond the normal operating cycle, if longer. Kraft Heinz Co.’s non-current assets decreased from 2017 to 2018 and from 2018 to 2019.
Total assets Sum of the carrying amounts as of the balance sheet date of all assets that are recognized. Assets are probable future economic benefits obtained or controlled by an entity as a result of past transactions or events. Kraft Heinz Co.’s total assets decreased from 2017 to 2018 and from 2018 to 2019.

Current Assets: Selected Items

Balance sheet item Description The company
Cash and cash equivalents Amount of currency on hand as well as demand deposits with banks or financial institutions. Includes other kinds of accounts that have the general characteristics of demand deposits. Also includes short-term, highly liquid investments that are both readily convertible to known amounts of cash and so near their maturity that they present insignificant risk of changes in value because of changes in interest rates. Excludes cash and cash equivalents within disposal group and discontinued operation. Kraft Heinz Co.’s cash and cash equivalents decreased from 2017 to 2018 but then increased from 2018 to 2019 exceeding 2017 level.
Trade receivables, net of allowances Amount due from customers or clients, within one year of the balance sheet date (or the normal operating cycle, whichever is longer), for goods or services (including trade receivables) that have been delivered or sold in the normal course of business, reduced to the estimated net realizable fair value by an allowance established by the entity of the amount it deems uncertain of collection. Kraft Heinz Co.’s trade receivables, net of allowances increased from 2017 to 2018 but then slightly decreased from 2018 to 2019.
Inventories Amount after valuation and LIFO reserves of inventory expected to be sold, or consumed within one year or operating cycle, if longer. Kraft Heinz Co.’s inventories decreased from 2017 to 2018 but then slightly increased from 2018 to 2019.