Stock Analysis on Net
Stock Analysis on Net

Kraft Heinz Co. (NASDAQ:KHC)

Balance Sheet: Assets
Quarterly Data

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 (quarterly data)

US$ in millions

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Jun 27, 2020 Mar 28, 2020 Dec 28, 2019 Sep 28, 2019 Jun 29, 2019 Mar 30, 2019 Dec 29, 2018 Sep 29, 2018 Jun 30, 2018 Mar 31, 2018 Dec 30, 2017 Sep 30, 2017 Jul 1, 2017 Apr 1, 2017 Dec 31, 2016 Oct 2, 2016 Jul 3, 2016 Apr 3, 2016 Dec 31, 2015 Sep 27, 2015 Jun 28, 2015 Mar 29, 2015
Cash and cash equivalents 2,812  5,403  2,279  2,315  1,452  1,096  1,130  1,366  3,369  1,794  1,629  1,441  1,445  3,242  4,204  3,920  4,237  4,199  4,837  4,437  2,147  1,899 
Trade receivables, net of allowances 2,045  2,321  1,973  1,959  2,049  2,010  2,129  2,032  1,950  1,044  921  938  913  886  769  855  1,114  939  871  1,613  795  818 
Sold receivables —  —  —  —  —  —  —  —  37  530  353  427  521  588  129  208  146  805  583  —  —  — 
Inventories 2,815  2,831  2,721  3,158  3,074  3,118  2,667  3,287  3,161  3,144  2,815  3,188  3,065  3,151  2,684  3,108  2,881  2,892  2,618  2,981  1,162  1,232 
Prepaid expenses 471  485  384  415  395  384  400  —  —  —  —  —  —  —  —  —  —  —  —  —  —  — 
Other current assets 504  535  618  1,243  1,163  1,201  1,373  905  984  925  1,548  1,234  1,164  1,008  967  852  969  977  871  1,380  485  528 
Assets held for sale 129  133  122  35  1,035  1,026  1,376  —  —  —  —  —  —  —  —  —  —  —  —  —  —  — 
Current assets 8,776  11,708  8,097  9,125  9,168  8,835  9,075  7,590  9,501  7,437  7,266  7,228  7,108  8,875  8,753  8,943  9,347  9,812  9,780  10,411  4,589  4,477 
Property, plant and equipment, net 6,777  6,813  7,055  6,926  7,023  7,031  7,078  7,216  7,258  7,267  7,120  6,934  6,808  6,693  6,688  6,490  6,423  6,434  6,524  6,432  2,253  2,266 
Goodwill 33,310  35,062  35,546  35,826  35,989  36,091  36,503  44,308  44,270  44,843  44,824  44,858  44,565  44,300  44,125  44,518  44,641  43,542  43,051  46,750  14,741  14,588 
Intangible assets, net 47,202  48,259  48,652  48,714  48,943  49,553  49,468  58,727  59,101  59,600  59,449  59,500  59,400  59,330  59,297  59,620  59,762  62,049  62,120  56,693  12,942  12,777 
Other non-current assets 2,241  2,231  2,100  2,231  2,078  2,052  1,337  1,889  1,766  1,640  1,573  1,531  1,535  1,604  1,617  1,509  1,511  1,436  1,498  1,506  1,537  2,185 
Non-current assets 89,530  92,365  93,353  93,697  94,033  94,727  94,386  112,140  112,395  113,350  112,966  112,823  112,308  111,927  111,727  112,137  112,337  113,461  113,193  111,381  31,473  31,816 
Total assets 98,306  104,073  101,450  102,822  103,201  103,562  103,461  119,730  121,896  120,787  120,232  120,051  119,416  120,802  120,480  121,080  121,684  123,273  122,973  121,792  36,062  36,293 

Based on: 10-Q (filing date: 2020-07-31), 10-Q (filing date: 2020-05-01), 10-K (filing date: 2020-02-14), 10-Q (filing date: 2019-10-31), 10-Q (filing date: 2019-08-13), 10-Q (filing date: 2019-08-13), 10-K (filing date: 2019-06-07), 10-Q (filing date: 2018-11-02), 10-Q (filing date: 2018-08-03), 10-Q (filing date: 2018-05-03), 10-K (filing date: 2018-02-16), 10-Q (filing date: 2017-11-07), 10-Q (filing date: 2017-08-04), 10-Q (filing date: 2017-05-04), 10-K (filing date: 2017-02-23), 10-Q (filing date: 2016-11-04), 10-Q (filing date: 2016-08-05), 10-Q (filing date: 2016-05-05), 10-K (filing date: 2016-03-03), 10-Q (filing date: 2015-11-06), 10-Q (filing date: 2015-08-10), S-4/A (filing date: 2015-05-18).


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 Q4 2019 to Q1 2020 but then slightly decreased from Q1 2020 to Q2 2020 not reaching Q4 2019 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 Q4 2019 to Q1 2020 and from Q1 2020 to Q2 2020.
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 Q4 2019 to Q1 2020 and from Q1 2020 to Q2 2020.
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 increased from Q4 2019 to Q1 2020 but then decreased significantly from Q1 2020 to Q2 2020.

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 increased from Q4 2019 to Q1 2020 but then slightly decreased from Q1 2020 to Q2 2020 not reaching Q4 2019 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 Q4 2019 to Q1 2020 but then slightly decreased from Q1 2020 to Q2 2020 not reaching Q4 2019 level.
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 increased from Q4 2019 to Q1 2020 but then slightly decreased from Q1 2020 to Q2 2020.