Stock Analysis on Net
Stock Analysis on Net
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Kimberly-Clark Corp. (NYSE:KMB)

Cash Flow Statement

Beginner level

The cash flow statement provides information about a company’s cash receipts and cash payments during an accounting period, showing how these cash flows link the ending cash balance to the beginning balance shown on the company’s balance sheet.

The cash flow statement consists of three parts: cash flows provided by (used in) operating activities, cash flows provided by (used in) investing activities, and cash flows provided by (used in) financing activities.

Kimberly-Clark Corp., consolidated cash flow statement

US$ in millions

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12 months ended: Dec 31, 2020 Dec 31, 2019 Dec 31, 2018 Dec 31, 2017 Dec 31, 2016
Net income 2,396  2,197  1,445  2,319  2,219 
Depreciation and amortization 796  917  882  724  705 
Asset impairments 17  —  74  — 
Stock-based compensation 147  96  41  76  77 
Deferred income taxes 45  29  (69) (15)
Net (gains) losses on asset dispositions 68  (193) 52  21 
Equity companies’ earnings (in excess of) less than dividends paid (30) (6) 18  26  (4)
Accounts receivable 95  (116) 33  (44) (23)
Inventories (96) 24  (127) (33) 230 
Trade accounts payable 239  (153) 392  174  (61)
Accrued expenses 132  11  115  (102) 26 
Accrued income taxes 42  (6) 64  (176) 121 
Derivatives (9) 30  (47) 43 
Currency and other (40) (49) (118) 80  (2)
Operating working capital 363  (288) 389  (148) 334 
Postretirement benefits (28) 13  (25) (50)
Other (45) (29) 92  (22) (42)
Cash provided by operations 3,729  2,736  2,970  2,929  3,232 
Capital spending (1,217) (1,209) (877) (785) (771)
Acquisition, net of cash acquired (1,083) (4) —  —  — 
Proceeds from dispositions of property 31  242  51  23 
Investments in time deposits (753) (568) (353) (214) (221)
Maturities of time deposits 690  542  272  183  188 
Other 27  (45) (38) 49 
Cash used for investing (2,305) (1,042) (902) (851) (732)
Cash dividends paid (1,451) (1,408) (1,386) (1,359) (1,311)
Change in short-term debt (561) 303  (34) 360  (908)
Debt proceeds 1,845  706  507  937  1,293 
Debt repayments (854) (707) (407) (1,481) (598)
Proceeds from exercise of stock options 217  228  62  121  107 
Acquisitions of common stock for the treasury (700) (800) (800) (911) (739)
Other (63) (114) (57) (88) (29)
Cash used for financing (1,567) (1,792) (2,115) (2,421) (2,185)
Effect of exchange rate changes on cash and cash equivalents (30) 36  (11)
Change in cash and cash equivalents (139) (97) (77) (307) 304 
Cash and cash equivalents, beginning of year 442  539  616  923  619 
Cash and cash equivalents, end of year 303  442  539  616  923 

Based on: 10-K (filing date: 2021-02-11), 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).

Cash flow statement item Description The company
Cash provided by operations Amount of cash inflow (outflow) from operating activities, excluding discontinued operations. Operating activity cash flows include transactions, adjustments, and changes in value not defined as investing or financing activities. Kimberly-Clark Corp.’s cash provided by operations decreased from 2018 to 2019 but then increased from 2019 to 2020 exceeding 2018 level.
Cash used for investing Amount of cash inflow (outflow) of investing activities, excluding discontinued operations. Investing activity cash flows include making and collecting loans and acquiring and disposing of debt or equity instruments and property, plant, and equipment and other productive assets. Kimberly-Clark Corp.’s cash used for investing decreased from 2018 to 2019 and from 2019 to 2020.
Cash used for financing Amount of cash inflow (outflow) of financing activities, excluding discontinued operations. Financing activity cash flows include obtaining resources from owners and providing them with a return on, and a return of, their investment; borrowing money and repaying amounts borrowed, or settling the obligation; and obtaining and paying for other resources obtained from creditors on long-term credit. Kimberly-Clark Corp.’s cash used for financing increased from 2018 to 2019 and from 2019 to 2020.