Stock Analysis on Net
Stock Analysis on Net

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: Liabilities and Stockholders’ Equity 

Kimberly-Clark Corp., common-size consolidated balance sheet: liabilities and stockholders’ equity

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Dec 31, 2020 Dec 31, 2019 Dec 31, 2018 Dec 31, 2017 Dec 31, 2016
Debt payable within one year 2.77 10.04 8.32 6.29 7.76
Trade accounts payable 19.04 19.99 21.97 18.71 17.87
Accrued advertising and promotion 2.53 2.72 2.75 2.60 2.55
Accrued salaries and wages 3.03 3.03 2.54 2.96 2.92
Accrued rebates 1.46 1.58 1.65 1.50 1.51
Accrued taxes, income and other 1.89 1.51 1.79 1.64 1.77
Current operating lease liabilities 0.76 0.85 0.00 0.00 0.00
Accrued restructuring 0.42 0.61 0.81 0.00 0.00
Accrued interest 0.50 0.53 0.52 0.45 0.66
Other 2.33 2.12 2.29 2.26 2.75
Accrued expenses and other current liabilities 12.91% 12.94% 12.35% 11.42% 12.16%
Dividends payable 2.05 2.30 2.38 2.25 2.25
Current liabilities 36.77% 45.27% 45.02% 38.66% 40.04%
Long-term debt, excluding payable within one year 44.96 40.65 43.03 42.72 44.10
Noncurrent employee benefits 4.93 5.87 6.41 7.81 8.91
Deferred income taxes 4.13 3.34 3.15 2.61 3.64
Other liabilities 4.10 3.40 2.26 1.97 2.12
Noncurrent liabilities 58.11% 53.27% 54.86% 55.11% 58.77%
Total liabilities 94.88% 98.54% 99.88% 93.78% 98.80%
Redeemable preferred securities of subsidiaries 0.16 0.19 0.44 0.40 0.40
Preferred stock, no par value; none issued 0.00 0.00 0.00 0.00 0.00
Common stock, $1.25 par value 2.70 3.09 3.26 3.12 3.24
Additional paid-in capital 3.75 3.64 3.77 5.12 4.77
Common stock held in treasury, at cost -27.96 -29.14 -27.25 -29.25 -24.85
Retained earnings 43.18 43.75 40.96 44.42 39.93
Accumulated other comprehensive loss -18.10 -21.55 -22.72 -19.27 -23.79
Total Kimberly-Clark Corporation stockholders’ equity 3.57% -0.22% -1.98% 4.15% -0.70%
Noncontrolling interests 1.39 1.49 1.66 1.67 1.50
Total stockholders’ equity 4.96% 1.27% -0.32% 5.82% 0.80%
Total liabilities and stockholders’ equity 100.00% 100.00% 100.00% 100.00% 100.00%

Based on: 10-K (reporting date: 2020-12-31), 10-K (reporting date: 2019-12-31), 10-K (reporting date: 2018-12-31), 10-K (reporting date: 2017-12-31), 10-K (reporting date: 2016-12-31).

The analysis of the financial data from 2016 to 2020 reveals several notable trends in the composition of liabilities and stockholders’ equity.

Current Liabilities
Current liabilities as a percentage of total liabilities and stockholders’ equity fluctuated during the period, starting at 40.04% in 2016, peaking at 45.27% in 2019, and then declining significantly to 36.77% in 2020. This decline was primarily influenced by a sharp reduction in debt payable within one year, which dropped from 10.04% in 2019 to 2.77% in 2020. Trade accounts payable remained relatively stable around 19-22% with a slight decrease in 2020, while accrued advertising, wages, rebates, and taxes stayed consistent with minor variations.
Noncurrent Liabilities
Noncurrent liabilities showed a gradual decrease from 58.77% in 2016 to 53.27% in 2019, followed by a notable increase to 58.11% in 2020. The reduction in noncurrent employee benefits from 8.91% in 2016 down to 4.93% in 2020 contributed to the earlier decline. However, deferred income taxes and other liabilities increased by 2020, reaching 4.13% and 4.10%, respectively, partially offsetting the decrease from employee benefits. Long-term debt, excluding debt payable within one year, remained relatively stable but increased in 2020 to 44.96%, the highest level in the years analyzed.
Total Liabilities
Total liabilities decreased steadily from 98.80% in 2016 to 93.78% in 2017 but then rose again near 100% in 2018 and 2019, declining to 94.88% in 2020. This pattern demonstrates some volatility in the balance between liabilities and equity, with a general trend towards a slightly lower overall reliance on liabilities by 2020 compared to earlier years.
Stockholders’ Equity
Stockholders’ equity exhibited considerable variability over the period. The total stockholders’ equity percentage rose from a minimal 0.80% in 2016 to 5.82% in 2017, dropped into negative territory at -0.32% in 2018, rose again to 1.27% in 2019, and finally reached 4.96% in 2020. Notably, Treasury stock showed a significant negative balance throughout all years, reflecting substantial share repurchases or holdings, which increased from -24.85% in 2016 to -29.25% in 2017 and fluctuated slightly thereafter. Retained earnings remained a significant positive component, ranging from about 40% to 44%, indicating sustained accumulated profits. Accumulated other comprehensive loss showed a reduction in the negative impact by 2020, improving from -23.79% in 2016 to -18.10%.
Other Observations
Current operating lease liabilities appeared by 2019 and slightly decreased by 2020, suggesting the recognition of lease obligations in accordance with changed accounting standards. Accrued restructuring liabilities steadily declined, indicating reduced restructuring costs over time. Dividends payable slightly decreased by 2020, aligning with a potential adjustment in dividend policy. Overall, the balance sheet structure reflects active management of both short-term and long-term obligations, with a trend toward reducing current debt and restructuring liabilities while maintaining consistent equity levels despite fluctuations in components.