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Kimberly-Clark Corp. (NYSE:KMB)

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Income Statement

Beginner level

The income statement presents information on the financial results of a company’s business activities over a period of time. The income statement communicates how much revenue the company generated during a period and what cost it incurred in connection with generating that revenue.

Kimberly-Clark Corp., consolidated income statement

US$ in millions

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12 months ended Dec 31, 2019 Dec 31, 2018 Dec 31, 2017 Dec 31, 2016 Dec 31, 2015
Net sales
Cost of products sold
Gross profit
Marketing, research and general expenses
Other income and (expense), net
Operating profit
Nonoperating expense
Interest income
Interest expense
Income before income taxes and equity interests
Provision for income taxes
Income before equity interests
Share of net income of equity companies
Net income
Net income attributable to noncontrolling interests
Net income attributable to Kimberly-Clark Corporation

Based on: 10-K (filing date: 2020-02-13), 10-K (filing date: 2019-02-07), 10-K (filing date: 2018-02-08), 10-K (filing date: 2017-02-08), 10-K (filing date: 2016-02-11).

Income statement item Description The company
Net sales Amount, including tax collected from customer, of revenue from satisfaction of performance obligation by transferring promised good or service to customer. Tax collected from customer is tax assessed by governmental authority that is both imposed on and concurrent with specific revenue-producing transaction, including, but not limited to, sales, use, value-added and excise. Kimberly-Clark Corp.’s net sales increased from 2017 to 2018 but then slightly decreased from 2018 to 2019.
Operating profit The net result for the period of deducting operating expenses from operating revenues. Kimberly-Clark Corp.’s operating profit decreased from 2017 to 2018 but then increased from 2018 to 2019 not reaching 2017 level.
Income before income taxes and equity interests Amount of income (loss) from continuing operations, including income (loss) from equity method investments, before deduction of income tax expense (benefit), and income (loss) attributable to noncontrolling interest. Kimberly-Clark Corp.’s income before income taxes and equity interests decreased from 2017 to 2018 but then increased from 2018 to 2019 not reaching 2017 level.
Net income attributable to Kimberly-Clark Corporation The portion of profit or loss for the period, net of income taxes, which is attributable to the parent. Kimberly-Clark Corp.’s net income attributable to Kimberly-Clark Corporation decreased from 2017 to 2018 but then increased from 2018 to 2019 not reaching 2017 level.