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Kimberly-Clark Corp. (NYSE:KMB)

This company has been moved to the archive! The financial data has not been updated since April 23, 2021.

Common-Size Balance Sheet: Assets
Quarterly Data

Kimberly-Clark Corp., common-size consolidated balance sheet: assets (quarterly data)

Microsoft Excel
Mar 31, 2021 Dec 31, 2020 Sep 30, 2020 Jun 30, 2020 Mar 31, 2020 Dec 31, 2019 Sep 30, 2019 Jun 30, 2019 Mar 31, 2019 Dec 31, 2018 Sep 30, 2018 Jun 30, 2018 Mar 31, 2018 Dec 31, 2017 Sep 30, 2017 Jun 30, 2017 Mar 31, 2017 Dec 31, 2016 Sep 30, 2016 Jun 30, 2016 Mar 31, 2016
Cash and cash equivalents 1.86 1.73 9.18 8.95 6.24 2.89 2.77 3.48 3.23 3.71 3.39 3.32 4.09 4.07 4.35 6.97 5.66 6.32 5.93 4.44 4.28
Accounts receivable, net 12.77 12.75 12.85 12.51 16.07 14.81 15.34 15.62 15.63 14.91 15.83 15.70 16.14 15.28 15.68 14.74 15.07 14.90 14.91 15.23 15.22
Inventories 11.35 10.86 10.81 11.28 9.82 11.71 11.83 12.09 12.21 12.49 12.14 12.02 11.62 11.81 11.62 11.53 11.71 11.50 11.65 12.23 12.83
Other current assets 3.88 4.18 3.90 3.75 3.88 3.68 3.75 3.48 3.49 3.62 3.68 3.49 3.25 3.23 3.08 2.52 2.20 2.31 2.81 2.72 2.42
Current assets 29.86% 29.53% 36.75% 36.51% 36.01% 33.09% 33.69% 34.67% 34.56% 34.72% 35.03% 34.52% 35.10% 34.39% 34.73% 35.77% 34.64% 35.03% 35.30% 34.62% 34.76%
Property, plant and equipment, net 45.79 45.89 45.35 45.55 46.09 48.75 47.62 46.96 46.95 49.31 48.21 48.38 47.89 49.08 48.62 48.08 49.13 49.10 48.31 48.67 48.50
Investments in equity companies 2.03 1.71 2.01 1.97 2.00 1.75 1.96 1.62 1.62 1.54 1.72 1.76 1.70 1.54 1.81 1.88 1.92 1.76 1.94 1.94 1.92
Goodwill 10.57 10.81 8.58 8.66 8.68 9.60 9.57 9.63 9.71 10.15 10.15 10.33 10.30 10.40 10.51 10.13 10.35 10.14 10.19 10.20 10.11
Other intangible assets, net 4.67 4.75 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00
Other assets 7.09 7.30 7.31 7.31 7.21 6.81 7.18 7.12 7.16 4.27 4.90 5.01 5.01 4.59 4.34 4.14 3.95 3.98 4.26 4.56 4.72
Noncurrent assets 70.14% 70.47% 63.25% 63.49% 63.99% 66.91% 66.31% 65.33% 65.44% 65.28% 64.97% 65.48% 64.90% 65.61% 65.27% 64.23% 65.36% 64.97% 64.70% 65.38% 65.24%
Total assets 100.00% 100.00% 100.00% 100.00% 100.00% 100.00% 100.00% 100.00% 100.00% 100.00% 100.00% 100.00% 100.00% 100.00% 100.00% 100.00% 100.00% 100.00% 100.00% 100.00% 100.00%

Based on: 10-Q (reporting date: 2021-03-31), 10-K (reporting date: 2020-12-31), 10-Q (reporting date: 2020-09-30), 10-Q (reporting date: 2020-06-30), 10-Q (reporting date: 2020-03-31), 10-K (reporting date: 2019-12-31), 10-Q (reporting date: 2019-09-30), 10-Q (reporting date: 2019-06-30), 10-Q (reporting date: 2019-03-31), 10-K (reporting date: 2018-12-31), 10-Q (reporting date: 2018-09-30), 10-Q (reporting date: 2018-06-30), 10-Q (reporting date: 2018-03-31), 10-K (reporting date: 2017-12-31), 10-Q (reporting date: 2017-09-30), 10-Q (reporting date: 2017-06-30), 10-Q (reporting date: 2017-03-31), 10-K (reporting date: 2016-12-31), 10-Q (reporting date: 2016-09-30), 10-Q (reporting date: 2016-06-30), 10-Q (reporting date: 2016-03-31).

The asset composition of the balance sheet demonstrates long-term stability punctuated by a significant structural shift occurring between late 2020 and early 2021. For the majority of the period from 2016 to mid-2020, the distribution between current and noncurrent assets remained consistent, with current assets averaging approximately 35% and noncurrent assets accounting for roughly 65% of total assets.

Liquidity and Current Asset Trends
Current assets maintained a steady proportion of total assets until December 31, 2020, after which a notable decline to approximately 29.5% was observed. Cash and cash equivalents exhibited significant volatility, reaching a peak of 9.18% in September 2020 before dropping sharply to 1.86% by March 2021. Accounts receivable, which typically ranged between 14% and 16% of total assets, saw a reduction to approximately 12.8% starting in mid-2020. Inventories remained relatively stable, fluctuating between 11% and 13%, with a temporary dip to 9.82% in March 2020.
Fixed and Long-term Asset Analysis
Property, plant, and equipment (PPE) represents the largest single asset category, consistently comprising between 45% and 49% of total assets. A gradual downward trend in PPE's relative weight is evident, moving from 48.50% in March 2016 to 45.79% by March 2021. Goodwill remained stable near 10% for most of the period, although a temporary decline to 8.58% in September 2020 was followed by a recovery to 10.57% by March 2021.
Structural Asset Reallocation
A significant reallocation of assets is observable in the final two quarters of the analysis. Noncurrent assets increased from approximately 63% in September 2020 to over 70% by March 2021. This shift is partially attributed to the emergence of other intangible assets, which appeared as 4.75% of total assets in December 2020. Additionally, other assets saw a sustained increase, rising from an average of 4% in the early years to approximately 7% starting in 2019.

Overall, the analysis indicates a transition from a stable asset distribution toward a more heavily weighted noncurrent asset structure by the end of the period. This transition is characterized by a reduction in the liquidity ratio (cash and current assets) and a corresponding increase in intangible and other noncurrent assets.

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