Stock Analysis on Net

Kellanova (NYSE:K)

$22.49

This company has been moved to the archive! The financial data has not been updated since August 1, 2024.

Balance Sheet: Liabilities and Stockholders’ Equity
Quarterly Data

The balance sheet provides creditors, investors, and analysts with information on company resources (assets) and its sources of capital (its equity and liabilities). It normally also provides information about the future earnings capacity of a company 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.

Kellanova, consolidated balance sheet: liabilities and stockholders’ equity (quarterly data)

US$ in millions

Microsoft Excel
Jun 29, 2024 Mar 30, 2024 Dec 30, 2023 Sep 30, 2023 Jul 1, 2023 Apr 1, 2023 Dec 31, 2022 Oct 1, 2022 Jul 2, 2022 Apr 2, 2022 Dec 31, 2021 Oct 2, 2021 Jul 3, 2021 Apr 3, 2021 Dec 31, 2020 Sep 26, 2020 Jun 27, 2020 Mar 28, 2020 Dec 28, 2019 Sep 28, 2019 Jun 29, 2019 Mar 30, 2019
Current maturities of long-term debt
Notes payable
Accounts payable
Current operating lease liabilities
Accrued advertising and promotion
Accrued salaries and wages
Other current liabilities
Current liabilities
Long-term debt, excluding current maturities
Non-current operating lease liabilities
Deferred income taxes
Pension liability
Other liabilities
Non-current liabilities
Total liabilities
Common stock, $0.25 par value
Capital in excess of par value
Retained earnings
Treasury stock, at cost
Accumulated other comprehensive loss
Total Kellanova equity
Noncontrolling interests
Total equity
Total liabilities and equity

Based on: 10-Q (reporting date: 2024-06-29), 10-Q (reporting date: 2024-03-30), 10-K (reporting date: 2023-12-30), 10-Q (reporting date: 2023-09-30), 10-Q (reporting date: 2023-07-01), 10-Q (reporting date: 2023-04-01), 10-K (reporting date: 2022-12-31), 10-Q (reporting date: 2022-10-01), 10-Q (reporting date: 2022-07-02), 10-Q (reporting date: 2022-04-02), 10-K (reporting date: 2021-12-31), 10-Q (reporting date: 2021-10-02), 10-Q (reporting date: 2021-07-03), 10-Q (reporting date: 2021-04-03), 10-K (reporting date: 2020-12-31), 10-Q (reporting date: 2020-09-26), 10-Q (reporting date: 2020-06-27), 10-Q (reporting date: 2020-03-28), 10-K (reporting date: 2019-12-28), 10-Q (reporting date: 2019-09-28), 10-Q (reporting date: 2019-06-29), 10-Q (reporting date: 2019-03-30).


Current Maturities of Long-Term Debt
The current maturities of long-term debt exhibited notable fluctuations, with significant decreases observed during the third quarter of 2019 before rising sharply towards the end of 2020. From 2021 onward, the amounts showed variability but generally remained elevated with intermittent declines, particularly in the first half of 2024.
Notes Payable
Notes payable demonstrated a declining trend overall, with some intermittent increases. Early 2020 saw a spike followed by a steady decrease through most of 2022 and 2023, with relatively lower levels recorded in mid-2024 compared to the earlier periods.
Accounts Payable
Accounts payable remained relatively stable, showing a modest upward trend from 2019 through the first half of 2023, peaking around early 2023. Afterwards, a downward trend is observed through mid-2024, ending lower than the peak periods but still higher than some earlier values.
Current Operating Lease Liabilities
Current operating lease liabilities fluctuated within a narrow range over the entire period with slight increases noticed in 2021. The balance showed relative stability without significant trends upward or downward.
Accrued Advertising and Promotion
The accrued advertising and promotion liabilities increased steadily from the second quarter of 2019 through 2023 with some fluctuations. Peaks occurred in late 2022 and early 2023, followed by a minor decline in the first half of 2024, indicating stable but somewhat rising marketing expense obligations.
Accrued Salaries and Wages
Starting data from late 2020 shows fluctuations in accrued salaries and wages, with increases peaking in early to mid-2022 before softening somewhat through 2023 and early 2024, indicative of variable payroll-related liabilities.
Other Current Liabilities
Other current liabilities revealed volatility, with a high point in the third quarter of 2019, followed by a decrease and relative stability through 2021. There was an increase again in early 2022 with some declines afterward, trending downward into mid-2024.
Current Liabilities
Overall current liabilities increased notably from 2019 through mid-2022, with some peaks in the second quarter of 2022. However, from late 2022 into 2024, current liabilities showed a declining trajectory, indicating a reduction in short-term financial obligations.
Long-Term Debt, Excluding Current Maturities
Long-term debt steadily decreased over the report period, with a consistent downward trend from 2019 to mid-2024. Notable declines occurred particularly after 2021, suggesting active debt management or repayments reducing longer-term borrowing.
Non-Current Operating Lease Liabilities
Non-current operating lease liabilities increased from 2019 to mid-2020, then remained generally stable with minor fluctuations within a close range, indicating consistent lease obligations over the term.
Deferred Income Taxes
Deferred income taxes decreased gradually from 2019 through 2020, followed by an increase peaking in early 2022. Thereafter, a downward trend is observed into mid-2024, which could reflect changing tax positions or deferred tax asset/liability adjustments.
Pension Liability
Pension liabilities remained relatively stable over the period with some cyclical fluctuations, showing slight decreases from early 2023 through mid-2024. The values indicate ongoing pension obligations without substantial increases or decreases.
Other Liabilities
Other liabilities fluctuated moderately with no clear long-term trend, showing small decreases toward mid-2024, implying some reduction in miscellaneous long-term obligations.
Non-Current Liabilities
Non-current liabilities trended downward from 2019 to early 2024, with periods of stability interspersed. The consistent decline suggests reductions in long-term obligations, possibly through debt repayment or asset disposals.
Total Liabilities
Total liabilities increased from 2019, reaching a peak in 2020 followed by fluctuations and an overall downward trend from 2022 into mid-2024. This suggests some deleveraging and expense management efforts in recent years.
Common Stock
The common stock value remained constant throughout the period, reflecting no changes in par value or issuance of new common shares.
Capital in Excess of Par Value
Capital in excess of par value showed a gradual increase over time, indicating periodic equity infusions or stock-based compensation transactions contributing to shareholders' equity.
Retained Earnings
Retained earnings generally trended upward from 2019 to late 2022, peaking around this period, followed by fluctuations with some decreases noted in the recent quarters, signaling periods of profitability with possible distributions or losses impacting accumulated earnings.
Treasury Stock, at Cost
Treasury stock showed variability with a general trend toward increasing repurchases or holdings until mid-2021, then slight reductions and fluctuations afterward, indicating active treasury stock management.
Accumulated Other Comprehensive Loss
The accumulated other comprehensive loss increased in magnitude over the period, particularly worsening from 2022 onward, reflecting deteriorating comprehensive loss components such as currency translation adjustments or unrealized losses on investments.
Total Equity
Total equity increased steadily from 2019 through 2022, reaching a peak in late 2022, but decreased significantly in 2023 and early 2024. The decline in recent periods may be attributed to comprehensive losses or reduced retained earnings offsetting positive equity components.
Noncontrolling Interests
Noncontrolling interests decreased consistently throughout the period, with a steep decline from 2022 onward, suggesting buyouts or reclassification of minority interests within the consolidated entities.
Total Liabilities and Equity
The sum of liabilities and equity mirrored movements seen in individual components, peaking around 2022 and declining into mid-2024, indicating overall contraction in the balance sheet size likely driven by liability reductions and equity fluctuations.