Stock Analysis on Net
Stock Analysis on Net
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Kraft Heinz Co. (NASDAQ:KHC)

Balance Sheet: Liabilities and Stockholders’ Equity

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.

Liabilities represents obligations of a company arising from past events, the settlement of which is expected to result in an outflow of economic benefits from the entity.

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

US$ in millions

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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 6  21  460  645  4 
Current portion of long-term debt 1,022  377  2,743  2,046  79 
Trade payables 4,003  4,153  4,449  3,996  2,844 
Accrued marketing 647  722  680  749  856 
Interest payable 384  408  419  415  401 
Other current liabilities 1,804  1,767  1,381  1,650  2,748 
Liabilities held for sale 9  55  —  —  — 
Current liabilities 7,875  7,503  10,132  9,501  6,932 
Long-term debt, excluding current portion 28,216  30,770  28,333  29,713  25,151 
Deferred income taxes 11,878  12,202  14,076  20,848  21,497 
Accrued postemployment costs 273  306  427  2,038  2,405 
Other non-current liabilities 1,459  902  1,017  806  752 
Non-current liabilities 41,826  44,180  43,853  53,405  49,805 
Total liabilities 49,701  51,683  53,985  62,906  56,737 
Redeemable noncontrolling interest —  3  6  —  23 
9.00% cumulative compounding preferred stock, Series A, $0.01 par value —  —  —  —  8,320 
Common stock, $0.01 par value 12  12  12  12  12 
Additional paid-in capital 56,828  58,723  58,711  58,593  58,375 
Retained earnings (deficit) (3,060) (4,853) 8,589  588  — 
Accumulated other comprehensive losses (1,886) (1,943) (1,054) (1,628) (671)
Treasury stock, at cost (271) (282) (224) (207) (31)
Shareholders’ equity 51,623  51,657  66,034  57,358  57,685 
Noncontrolling interest 126  118  207  216  208 
Total equity 51,749  51,775  66,241  57,574  57,893 
Total liabilities and equity 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).

Balance sheet item Description The company
Current liabilities Total obligations incurred as part of normal operations that are expected to be paid during the following twelve months or within one business cycle, if longer. Kraft Heinz Co.’s current liabilities decreased from 2017 to 2018 but then slightly increased from 2018 to 2019.
Non-current liabilities Amount of obligation due after one year or beyond the normal operating cycle, if longer. Kraft Heinz Co.’s non-current liabilities increased from 2017 to 2018 but then decreased significantly from 2018 to 2019.
Total liabilities Sum of the carrying amounts as of the balance sheet date of all liabilities that are recognized. Liabilities are probable future sacrifices of economic benefits arising from present obligations of an entity to transfer assets or provide services to other entities in the future. Kraft Heinz Co.’s total liabilities decreased from 2017 to 2018 and from 2018 to 2019.
Shareholders’ equity Total of all stockholders’ equity (deficit) items, net of receivables from officers, directors, owners, and affiliates of the entity which are attributable to the parent. The amount of the economic entity’s stockholders’ equity attributable to the parent excludes the amount of stockholders’ equity which is allocable to that ownership interest in subsidiary equity which is not attributable to the parent (noncontrolling interest, minority interest). This excludes temporary equity and is sometimes called permanent equity. Kraft Heinz Co.’s shareholders’ equity decreased from 2017 to 2018 and from 2018 to 2019.