Name: Kimberly-Clark Corp. (NYSE:KMB) | Income Statement (Quarterly)
Creator: Stock Analysis on Net

Income Statement
Quarterly Data

The income statement presents information on the financial results of a company 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.

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Kimberly-Clark Corp., consolidated income statement (quarterly data)

US$ in millions

3 months ended:	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
Net sales	4,743)	4,836)	4,683)	4,612)	5,009)	4,583)	4,640)	4,594)	4,633)	4,569)	4,582)	4,604)	4,731)	4,582)	4,640)	4,554)	4,483)	4,544)	4,594)	4,588)	4,476)
Cost of products sold	(3,154)	(3,172)	(3,093)	(2,835)	(3,218)	(3,017)	(3,085)	(3,108)	(3,205)	(3,167)	(3,166)	(3,149)	(3,407)	(2,984)	(2,981)	(2,910)	(2,831)	(2,866)	(2,924)	(2,924)	(2,837)
Gross profit	1,589)	1,664)	1,590)	1,777)	1,791)	1,566)	1,555)	1,486)	1,428)	1,402)	1,416)	1,455)	1,324)	1,598)	1,659)	1,644)	1,652)	1,678)	1,670)	1,664)	1,639)
Marketing, research and general expenses	(815)	(996)	(919)	(844)	(873)	(859)	(815)	(811)	(769)	(768)	(749)	(771)	(1,079)	(759)	(813)	(842)	(813)	(821)	(833)	(847)	(825)
Other income and (expense), net	(4)	81)	(5)	(8)	(14)	44)	175)	(5)	(4)	5)	2)	(10)	2)	(27)	8)	(3)	(5)	(18)	(1)	21)	(10)
Operating profit	770)	749)	666)	925)	904)	751)	915)	670)	655)	639)	669)	674)	247)	812)	854)	799)	834)	839)	836)	838)	804)
Nonoperating expense	(6)	(13)	(40)	(6)	(11)	(58)	(11)	(11)	(11)	(88)	(30)	(36)	(9)	—)	—)	—)	—)	—)	—)	—)	—)
Interest income	1)	2)	2)	2)	2)	3)	3)	2)	3)	3)	2)	3)	2)	3)	3)	2)	2)	2)	2)	3)	4)
Interest expense	(63)	(64)	(62)	(65)	(61)	(63)	(66)	(67)	(65)	(65)	(64)	(68)	(66)	(72)	(78)	(85)	(83)	(81)	(81)	(81)	(76)
Income before income taxes and equity interests	702)	674)	566)	856)	834)	633)	841)	594)	582)	489)	577)	573)	174)	743)	779)	716)	753)	760)	757)	760)	732)
Provision for income taxes	(147)	(166)	(114)	(199)	(197)	(109)	(192)	(132)	(143)	(91)	(138)	(138)	(104)	(143)	(224)	(202)	(207)	(271)	(227)	(217)	(207)
Income before equity interests	555)	508)	452)	657)	637)	524)	649)	462)	439)	398)	439)	435)	70)	600)	555)	514)	546)	489)	530)	543)	525)
Share of net income of equity companies	39)	38)	31)	35)	38)	32)	31)	33)	27)	23)	23)	30)	27)	25)	24)	26)	29)	29)	33)	35)	35)
Net income	594)	546)	483)	692)	675)	556)	680)	495)	466)	421)	462)	465)	97)	625)	579)	540)	575)	518)	563)	578)	560)
Net income attributable to noncontrolling interests	(10)	(7)	(11)	(11)	(15)	(9)	(9)	(10)	(12)	(10)	(11)	(10)	(4)	(8)	(12)	(9)	(12)	(13)	(13)	(12)	(15)
Net income attributable to Kimberly-Clark Corporation	584)	539)	472)	681)	660)	547)	671)	485)	454)	411)	451)	455)	93)	617)	567)	531)	563)	505)	550)	566)	545)

Revenue streams remained relatively stable from 2016 through 2019, typically fluctuating between 4.4 billion and 4.7 billion US dollars. A significant peak occurred in the first quarter of 2020, where net sales reached 5.01 billion US dollars, before returning to a range between 4.6 billion and 4.8 billion US dollars in subsequent quarters.

Gross Profitability and Cost Management: Gross profit maintained a consistent level of approximately 1.6 billion US dollars through 2017. A sharp contraction is observed in the first quarter of 2018, where gross profit fell to 1.32 billion US dollars, driven by a spike in the cost of products sold to 3.41 billion US dollars. Profitability margins recovered throughout 2019 and reached a period high in the first half of 2020, peaking at 1.79 billion US dollars in March 2020.
Operating Expense Analysis: Marketing, research, and general expenses generally trended between 750 million and 850 million US dollars. A notable increase to 1.08 billion US dollars occurred in the first quarter of 2018, which coincided with the lowest recorded operating profit of 247 million US dollars. Following this volatility, operating expenses stabilized, though a slight upward trend was evident toward the end of 2020, reaching 996 million US dollars in September 2020.
Operating and Net Income Performance: Operating profit showed significant volatility in 2018, dropping from a baseline of approximately 800 million US dollars to 247 million US dollars in the first quarter. Recovery was gradual through 2019, with a substantial increase in the first half of 2020, peaking at 925 million US dollars in June 2020. Net income attributable to the corporation mirrored this trend, experiencing a trough of 93 million US dollars in March 2018 and recovering to a peak of 681 million US dollars in June 2020.
Non-Operating Items and Tax Impact: Interest expenses remained remarkably stable, fluctuating narrowly between 61 million and 85 million US dollars throughout the analyzed period. Other income showed sporadic volatility, with significant positive contributions in the third quarter of 2019 (175 million US dollars) and the fourth quarter of 2020 (81 million US dollars). Provision for income taxes generally aligned with pre-tax income levels, though it showed a relative decrease in the fourth quarter of 2017 and the first quarter of 2018.

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Kimberly-Clark Corp. (NYSE:KMB)

Income StatementQuarterly Data

Income Statement
Quarterly Data