The Kraft Heinz Company Website

The Kraft Heinz Company

NasdaqGS-KHC

Income Statement
Dec '14
Jan '16
Dec '16
Dec '17
Dec '18
Dec '19
Dec '20
Dec '21
Dec '22
Dec '23
LTM

Total Revenues

24,977

26,185

26,042

26,485

26,640

26,317

Total Revenues % Chg.

-4.9%

4.8%

-0.5%

1.7%

0.6%

-2.9%

Cost of Goods Sold, Total

16,782

17,028

17,347

18,250

17,657

17,169

Gross Profit

8,195

9,157

8,695

8,235

8,983

9,148

Selling General & Admin Expenses, Total

2,515

3,165

3,235

3,169

3,578

3,649

R&D Expenses

—

112

119

—

—

—

—

Other Operating Expenses, Total

2,627

3,284

3,235

3,169

3,578

3,649

Operating Income

5,568

5,873

5,460

5,066

5,405

5,499

Interest Expense, Total

-1,361

-1,394

-2,047

-921

-912

-912

Interest And Investment Income

—

—

—

36

27

15

27

40

57

Net Interest Expenses

-1,325

-1,367

-2,032

-894

-872

-855

Currency Exchange Gains (Loss)

—

—

-162

101

106

-73

8

Other Non Operating Income (Expenses)

1

111

-85

-92

58

-32

EBT, Excl. Unusual Items

4,244

4,455

3,444

4,186

4,518

4,620

Restructuring Charges

-108

2

-84

-74

-225

-242

Merger & Related Restructuring Charges

—

-2

—

—

—

—

—

Impairment of Goodwill

—

—

—

—

-1,197

-2,343

-318

-444

-510

-1,364

Gain (Loss) On Sale Of Investments

—

—

—

—

—

—

-26

—

—

—

—

Gain (Loss) On Sale Of Assets

—

—

—

—

420

-2

44

25

4

-73

Asset Writedown

-702

-1,056

-1,316

-555

-152

-152

Legal Settlements

—

—

—

—

—

—

—

-62

-210

-2

-2

Other Unusual Items

—

6

—

—

38

—

—

EBT, Incl. Unusual Items

2,661

1,030

1,708

2,966

3,633

2,787

Income Tax Expense

728

669

684

598

787

872

Earnings From Continuing Operations

1,933

361

1,024

2,368

2,846

1,915

Minority Interest

2

-5

-12

-5

9

7

Net Income

1,935

356

1,012

2,363

2,855

1,922

Preferred Dividend and Other Adjustments

—

—

—

—

—

—

—

—

Net Income to Common Incl Extra Items

1,935

356

1,012

2,363

2,855

1,922

Net Income to Common Excl. Extra Items

1,935

356

1,012

2,363

2,855

1,922

Total Shares Outstanding

1,221

1,223

1,224

1,225

1,218

1,209

Weighted Avg. Shares Outstanding

1,221

1,223

1,224

1,226

1,227

1,220

Weighted Avg. Shares Outstanding Dil

1,224

1,228

1,236

1,235

1,235

1,227

EPS

1.6

0.3

0.8

1.9

2.3

1.6

EPS Diluted

1.6

0.3

0.8

1.9

2.3

1.6

EBITDA

6,562

6,842

6,370

5,999

6,366

6,493

Effective Tax Rate

27.4%

65%

40%

20.2%

21.7%

31.3%