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 
Quarterly Data

Kimberly-Clark Corp., common-size consolidated balance sheet: liabilities and stockholders’ equity (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
Debt payable within one year 7.40 2.77 3.13 5.26 7.90 10.04 10.34 8.41 12.50 8.32 12.25 11.95 10.45 6.29 3.91 8.27 9.00 7.76 8.09 5.23 6.74
Trade accounts payable 18.30 19.04 18.12 18.75 18.35 19.99 19.57 19.50 19.91 21.97 20.14 19.24 18.47 18.71 18.13 17.45 17.42 17.87 16.47 16.57 16.48
Accrued expenses and other current liabilities 10.93 12.91 13.49 13.92 12.81 12.94 12.85 12.68 12.60 12.35 11.90 12.11 12.41 11.42 11.64 11.09 10.98 12.16 11.62 11.35 10.92
Dividends payable 2.23 2.05 2.18 2.23 2.30 2.30 2.35 2.31 2.33 2.38 2.38 2.39 2.29 2.25 2.27 2.28 2.34 2.25 2.21 2.24 2.24
Current liabilities 38.86% 36.77% 36.91% 40.15% 41.35% 45.27% 45.11% 42.91% 47.34% 45.02% 46.66% 45.69% 43.61% 38.66% 35.96% 39.08% 39.73% 40.04% 38.39% 35.40% 36.38%
Long-term debt, excluding payable within one year 43.82 44.96 47.49 44.66 45.99 40.65 41.23 43.66 39.40 43.03 39.35 39.45 39.74 42.72 46.89 44.97 43.54 44.10 43.24 46.75 46.59
Noncurrent employee benefits 4.87 4.93 5.28 5.31 5.48 5.87 5.86 5.79 6.06 6.41 6.81 7.49 7.53 7.81 8.54 8.48 8.66 8.91 8.02 8.07 7.87
Deferred income taxes 4.05 4.13 3.02 3.26 3.27 3.34 3.37 3.34 3.26 3.15 3.46 3.21 2.75 2.61 2.88 2.93 3.10 3.64 3.99 4.24 4.01
Other liabilities 3.91 4.10 3.62 3.38 3.43 3.40 3.59 3.72 4.06 2.26 2.53 2.51 2.35 1.97 2.03 1.96 2.13 2.12 2.23 2.24 2.50
Noncurrent liabilities 56.65% 58.11% 59.42% 56.61% 58.17% 53.27% 54.05% 56.52% 52.78% 54.86% 52.15% 52.66% 52.36% 55.11% 60.34% 58.34% 57.42% 58.77% 57.48% 61.30% 60.97%
Total liabilities 95.51% 94.88% 96.33% 96.76% 99.52% 98.54% 99.16% 99.43% 100.12% 99.88% 98.81% 98.36% 95.97% 93.78% 96.31% 97.42% 97.15% 98.80% 95.87% 96.70% 97.35%
Redeemable preferred securities of subsidiaries 0.16 0.16 0.18 0.18 0.18 0.19 0.25 0.25 0.42 0.44 0.42 0.42 0.40 0.40 0.39 0.38 0.39 0.40 0.43 0.43 0.43
Preferred stock, no par value, none issued 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 0.00 0.00
Common stock, $1.25 par value 2.75 2.70 2.86 2.92 3.02 3.09 3.15 3.08 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
Additional paid-in capital 3.82 3.75 3.69 3.43 3.57 3.64 3.56 3.32 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
Common stock held in treasury, at cost -29.32 -27.96 -28.20 -28.10 -29.10 -29.14 -28.08 -26.47 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
Retained earnings 45.07 43.18 44.73 45.13 44.51 43.75 43.14 40.20 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
Accumulated other comprehensive loss -19.31 -18.10 -21.06 -21.72 -23.06 -21.55 -22.70 -21.30 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
Kimberly-Clark Corporation stockholders’ equity (legacy) 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 -2.01 -1.98 -0.91 -0.39 2.07 4.15 1.72 0.68 0.92 -0.70 2.01 1.33 0.74
Total Kimberly-Clark Corporation stockholders’ equity 3.01% 3.57% 2.03% 1.66% -1.07% -0.22% -0.94% -1.16% -2.01% -1.98% -0.91% -0.39% 2.07% 4.15% 1.72% 0.68% 0.92% -0.70% 2.01% 1.33% 0.74%
Noncontrolling interests 1.32 1.39 1.46 1.40 1.36 1.49 1.52 1.49 1.47 1.66 1.68 1.61 1.56 1.67 1.59 1.52 1.53 1.50 1.69 1.54 1.48
Total stockholders’ equity 4.33% 4.96% 3.49% 3.06% 0.29% 1.27% 0.59% 0.33% -0.54% -0.32% 0.77% 1.22% 3.63% 5.82% 3.31% 2.20% 2.45% 0.80% 3.70% 2.87% 2.22%
Total liabilities and stockholders’ equity 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 financial data demonstrates several notable trends in the composition of liabilities and stockholders’ equity over the analyzed quarters.

Current Liabilities
Current liabilities as a percentage of total liabilities and stockholders' equity show fluctuations, peaking notably near the end of 2018 with a high exceeding 46%. Earlier periods show more variability, with a low near 35%. More recently, this figure has stabilized around the high 30% range. Within current liabilities, trade accounts payable steadily increase from around 16.5% to approximately 19%, indicating growing unpaid supplier obligations relative to total financing.
Debt payable within one year exhibits volatility, starting near 6.7% in early 2016, peaking above 12% in late 2018, then declining sharply to about 2.8% by late 2020 before a slight rebound. This trend suggests shifts in short-term borrowing or reclassification of debt components.
Accrued expenses and other current liabilities maintain a relatively narrow range, mostly oscillating between approximately 11% and 13.9%, with a gradual increase observed through 2020 followed by a decrease in early 2021.
Dividends payable remain relatively consistent, hovering around 2% to 2.3%, with a mild decreasing trend starting mid-2020.
Noncurrent Liabilities
Long-term debt, excluding amounts payable within one year, presents a somewhat volatile pattern. It decreases from about 46.6% in early 2016 to below 40% in late 2017 and 2018, then rises again, peaking above 47% in late 2020 before slightly dropping to around 43.8% in early 2021. This indicates fluctuations in long-term financing levels, possibly due to debt issuance or repayments.
Noncurrent employee benefits decrease steadily over the entire period from nearly 7.9% to below 5%, reflecting ongoing reductions in long-term benefit obligations or changes in valuation.
Deferred income taxes mostly hover between 2.5% and 4%, with slight variations but no clear directional trend. An uptick in deferred tax liabilities is noted at the end of the period, near 4.1%.
Other liabilities increase gradually from around 2.5% to over 4% by late 2020, indicating a growing portion of less-defined liabilities.
The aggregate noncurrent liabilities as a portion of total financing decline from about 61.3% in early 2016 to approximately 52% by late 2017 and 2018, before rising again to nearly 59% by late 2020. This mirrors changes primarily driven by long-term debt adjustments.
Total Liabilities
The combined total liabilities remain high relative to total liabilities and stockholders’ equity, consistently near or above 95% throughout the period. Peaks near 100% occur in the 2018-2019 timeframe, implying relatively low equity levels during this interval.
Stockholders’ Equity
Equity components exhibit significant volatility during the period analyzed. The total Kimberly-Clark Corporation stockholders’ equity transitions from slightly negative or near zero levels during parts of 2018 and 2019 to a recovery in 2020 and early 2021, reaching above 4% by the end of 2020 before a slight dip to around 4.3%.
Retained earnings generally increase throughout the period, moving from above 40% in early 2018 to over 45% by early 2021, indicating accumulation of profits or retained earnings reinvested in the company.
Common stock and additional paid-in capital show modest increases over the last quarters, each stabilizing around 2.7%-3.8%, contributing positively to equity.
Common stock held in treasury remains a significant negative component, consistently near -27% to -29%, reflecting a considerable investment in treasury shares that reduce total equity.
Accumulated other comprehensive loss fluctuates but remains a negative factor within equity, with values around -18% to -23%, slightly improving towards the later periods.
Kimberly-Clark Corporation stockholders’ equity (legacy) moves from positive percentages in 2016 and 2017, through notable negativity in 2018 and 2019, with partial recovery by 2020, suggesting adjustments or restructuring impacts during these years.
Noncontrolling interests are relatively stable, fluctuating modestly between approximately 1.3% and 1.7%, indicating consistent minority ownership stakes.
The total stockholders’ equity percentage remains low relative to liabilities, reflecting a capital structure heavily weighted towards debt financing.

Overall, the data suggests a capital structure dominated by liabilities, with fluctuations in short and long-term debt levels. Equity components experience periods of negative values, notably around 2018-2019, with some recovery thereafter. Retained earnings improve steadily, while treasury stock continues to dampen overall equity levels. The rising trade payables and sustained accrued expenses reflect increasing operational liabilities as part of total financing. The decline in long-term employee benefits and variable deferred taxes reveal some changes in long-term obligations and tax positioning.