Statement of Comprehensive Income
Comprehensive income is the change in equity (net assets) of a business enterprise during a period from transactions and other events and circumstances from non-owners sources. It includes all changes in equity during a period except those resulting from investments by owners and distributions to owners.
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- Balance Sheet: Assets
- Balance Sheet: Liabilities and Stockholders’ Equity
- Common-Size Income Statement
- Common-Size Balance Sheet: Assets
- Enterprise Value to EBITDA (EV/EBITDA)
- Operating Profit Margin since 2005
- Return on Equity (ROE) since 2005
- Total Asset Turnover since 2005
- Price to Earnings (P/E) since 2005
- Analysis of Debt
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Kimberly-Clark Corp., consolidated statement of comprehensive income
US$ in millions
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).
The financial data over the five-year period reveals several notable trends and fluctuations in key income metrics.
- Net Income
- Net income displayed variability, initially increasing from 2,219 million US dollars in 2016 to a peak of 2,319 million in 2017. It then declined substantially to 1,445 million in 2018, before recovering to 2,197 million in 2019 and reaching the highest level of 2,396 million in 2020. This pattern suggests a period of volatility followed by strong recovery and growth.
- Unrealized Currency Translation Adjustments
- This item showed considerable fluctuation, ranging from a negative 107 million in 2016 to a positive 517 million in 2017, then dropping sharply to -428 million in 2018. The following years showed smaller positive figures of 19 million in 2019 and 129 million in 2020, indicating currency exchange effects had a significant but inconsistent impact on financial results.
- Employee Postretirement Benefits
- Postretirement benefits expenses showed a positive trend starting from a negative 113 million in 2016 to relatively stable positive amounts: 118 million in 2017, 140 million in 2018, then dropping to 12 million in 2019 before slightly increasing to 37 million in 2020. This suggests management of postretirement obligations became more balanced after 2016.
- Other Items
- The 'Other' category exhibited minor fluctuations, with small positive and negative values over the years, including 15 million in 2016, negative 45 million in 2017, positive 51 million in 2018, followed by two consecutive negative values of 34 million in both 2019 and 2020, indicating relatively inconsequential impacts on overall income.
- Other Comprehensive Income (Loss), net of tax
- This component followed a volatile trajectory similar to currency adjustments, with a large negative figure of 205 million in 2016, a substantial positive spike to 590 million in 2017, followed by a significant reversal to negative 237 million in 2018, a marginal loss of 3 million in 2019, and a positive turnaround to 132 million in 2020. The fluctuations suggest varying non-operating income elements affected net equity over this period.
- Comprehensive Income
- Comprehensive income broadly mirrored the net income trend but with amplified movements. It rose from 2,014 million in 2016 to a high of 2,909 million in 2017, plunged to 1,208 million in 2018, then recovered to 2,194 million in 2019 and further increased to 2,528 million in 2020. The inclusion of other comprehensive items intensified the overall income variability.
- Comprehensive Income Attributable to Noncontrolling Interests
- This metric remained negative throughout and showed an increasing absolute value over the period: from -44 million in 2016 down to -76 million in 2017, then improving to -22 million in 2018, slightly worsening to -31 million in 2019, and -55 million in 2020. This indicates a persistent outflow relating to minority interests.
- Comprehensive Income Attributable to Kimberly-Clark Corporation
- The comprehensive income attributable to the corporation largely paralleled the overall comprehensive income trends, starting at 1,970 million in 2016, peaking at 2,833 million in 2017, declining significantly to 1,186 million in 2018, before recovering to 2,163 million and 2,473 million in 2019 and 2020, respectively. This confirms that the corporation's earnings experienced variation primarily influenced by net income and other comprehensive income components.
Overall, the data indicates that the company experienced significant income volatility in 2018, followed by a recovery phase through 2020. Currency translation adjustments and other comprehensive income elements contributed notably to these fluctuations. The persistent negative attribution to noncontrolling interests suggests ongoing payments or losses related to minority stakeholders. Despite these variances, key income figures showed resilience and growth by the end of the observed period.