Name: Kimberly-Clark Corp. (NYSE:KMB) | Balance Sheet: Assets
Creator: Stock Analysis on Net

Balance Sheet: Assets

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.

Assets are resources controlled by the company as a result of past events and from which future economic benefits are expected to flow to the entity.

Assets: Selected Items

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Current Assets: Selected Items

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Kimberly-Clark Corp., consolidated balance sheet: assets

US$ in millions

	Dec 31, 2020	Dec 31, 2019	Dec 31, 2018	Dec 31, 2017	Dec 31, 2016
Cash and cash equivalents	303)	442)	539)	616)	923)
Accounts receivable, net	2,235)	2,263)	2,164)	2,315)	2,176)
Inventories	1,903)	1,790)	1,813)	1,790)	1,679)
Other current assets	733)	562)	525)	490)	337)
Current assets	5,174)	5,057)	5,041)	5,211)	5,115)
Property, plant and equipment, net	8,042)	7,450)	7,159)	7,436)	7,169)
Investments in equity companies	300)	268)	224)	233)	257)
Goodwill	1,895)	1,467)	1,474)	1,576)	1,480)
Other intangible assets, net	832)	29)	—)	—)	—)
Other assets	1,280)	1,012)	620)	695)	581)
Noncurrent assets	12,349)	10,226)	9,477)	9,940)	9,487)
Total assets	17,523)	15,283)	14,518)	15,151)	14,602)

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).

Total assets exhibited a general upward trajectory over the five-year period, growing from 14,602 million US dollars in 2016 to 17,523 million US dollars by 2020. While growth was moderate between 2016 and 2019, a significant acceleration occurred in 2020, where total assets increased by approximately 14.6% in a single year. This expansion was driven primarily by a surge in noncurrent assets rather than current assets.

Liquidity and Current Asset Trends: Current assets remained relatively stagnant, fluctuating within a narrow range between 5,041 million and 5,211 million US dollars. However, the composition of these assets shifted markedly. A consistent downward trend is observed in cash and cash equivalents, which declined from 923 million US dollars in 2016 to 303 million US dollars in 2020, representing a reduction of approximately 67%. This decline in cash was partially offset by a gradual increase in other current assets, which rose from 337 million to 733 million US dollars over the same period.
Operational Asset Stability: Accounts receivable and inventories demonstrated relative stability, suggesting consistent operational cycles. Accounts receivable, net, hovered around the 2.2 billion US dollar mark, while inventories showed a slight incremental increase, peaking at 1,903 million US dollars in 2020. This stability in working capital assets indicates that the company maintained a consistent pace of revenue collection and inventory management relative to its scale of operations.
Noncurrent Asset Expansion: Noncurrent assets grew from 9,487 million US dollars in 2016 to 12,349 million US dollars in 2020. Property, plant, and equipment, net, showed a steady increase, reaching 8,042 million US dollars in 2020. A notable shift occurred in 2020 with a sharp increase in goodwill to 1,895 million US dollars and the sudden appearance of other intangible assets, which jumped from 29 million US dollars in 2019 to 832 million US dollars in 2020. These patterns strongly suggest significant capital investment or acquisition activity during the 2020 fiscal year.
Other Asset Growth: Other assets exhibited a steady climbing trend, increasing from 581 million US dollars in 2016 to 1,280 million US dollars in 2020. This more than doubling of other assets contributes to the overall growth in the noncurrent asset base, further shifting the balance sheet weight toward long-term holdings.

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