Kraft Heinz Co

10-K & 10-Q Filings

The Kraft Heinz Company is a food and beverage company with net sales of approximately $27 billion in 2023. The company operates in two reportable segments: North America and International Developed Markets. Its business strategy is driven by its Purpose, Let's Make Life Delicious, and its Vision, To sustainably grow by delighting more consumers globally. The company's products are sold through its own sales organizations and through independent brokers, agents, and distributors to various retailers and institutions. Kraft Heinz has a strong focus on research and development, innovation, and sustainability. Its website is www.kraftheinzcompany.com and its ticker symbol is KHC. The company's products include condiments and sauces, cheese and dairy, ambient foods, frozen and chilled foods, meats and seafood, and various other product categories. The company is committed to attracting, developing, and retaining diverse talent and creating an engaging and inclusive culture. Its executive officers include Carlos Abrams-Rivera, Andre Maciel, Diana Frost, Rashida La Lande, Marcos Eloi Lima, Pedro Navio, Cory Onell, Flávio Barros Torres, and Melissa Werneck.

12 mos ending Jan 03, 201612 mos ending Dec 31, 201612 mos ending Dec 30, 201712 mos ending Dec 29, 201812 mos ending Dec 28, 201912 mos ending Dec 26, 202012 mos ending Dec 25, 202112 mos ending Dec 31, 202212 mos ending Dec 30, 20233 mos ending Apr 01, 20233 mos ending Mar 30, 2024CAGR %YoY %Revenue (+)
$18338.00
26487.00
26232.00
26268.00
24977.00
26185.00
26042.00
26485.00
26640.00
6489.00
6411.00
4.78%-1.20%Cost of Revenue (-)
$12577.00
16901.00
16529.00
17347.00
16830.00
17008.00
17360.00
18363.00
17714.00
4376.00
4168.00
4.37%-4.75%Gross Profit (+)
$5761.00
9586.00
9703.00
8921.00
8147.00
9177.00
8682.00
8122.00
8926.00
2113.00
2243.00
5.63%6.15%Selling, General & Administrative (-)
$3122.00
3444.00
2930.00
19141.00
5077.00
7049.00
5222.00
4488.00
4354.00
870.00
941.00
4.25%8.16%Non-recurring Operating Expenses (-)
$
7008.00
1197.00
3399.00
1634.00
913.00
662.00
Operating Expenses (-)
$3122.00
3444.00
2930.00
19141.00
5077.00
7049.00
5222.00
4488.00
4354.00
870.00
941.00
4.25%8.16%Costs & Expenses (Total) (-)
$15699.00
20345.00
19459.00
36488.00
21907.00
24057.00
22582.00
22851.00
22068.00
5246.00
5109.00
4.35%-2.61%Operating Income/Loss (+)
$2639.00
6142.00
6773.00
-10220.00
3070.00
2128.00
3460.00
3634.00
4572.00
1243.00
1302.00
7.11%4.75%Non-operating Income/Expense (+)
$-305.00
15.00
-9.00
183.00
952.00
296.00
295.00
253.00
-27.00
35.00
-47.00
-234.29%Interest Expense (-)
$1321.00
1134.00
1234.00
1284.00
1361.00
1394.00
2047.00
921.00
912.00
227.00
226.00
-4.53%-0.44%Earnings before Tax (+)
$1013.00
5023.00
5530.00
-11321.00
2661.00
1030.00
1708.00
2966.00
3633.00
1051.00
1029.00
17.31%-2.09%Tax Expense (-)
$366.00
1381.00
-5460.00
-1067.00
728.00
669.00
684.00
598.00
787.00
214.00
225.00
10.04%5.14%Income/Loss (Continuing Operations) (+)
$647.00
3642.00
10990.00
-10254.00
1933.00
361.00
1024.00
2368.00
2846.00
837.00
804.00
20.34%-3.94%Income/Loss (Discontinued Operations) (+)
$
Profit/Loss (+)
$647.00
3642.00
10990.00
-10254.00
1933.00
361.00
1024.00
2368.00
2846.00
837.00
804.00
20.34%-3.94%Net Income/Loss (NCI) (-)
$13.00
10.00
-9.00
-62.00
-2.00
5.00
12.00
5.00
-9.00
1.00
3.00
200.00%Net Income/Loss (+)
$634.00
3632.00
10999.00
-10192.00
1935.00
356.00
1012.00
2363.00
2855.00
836.00
801.00
20.70%-4.19%Preferred & Other Distributions (-)
$900.00
180.00
Net Income/Loss (Common) (+)
$-266.00
3452.00
10999.00
-10192.00
1935.00
356.00
1012.00
2363.00
2855.00
836.00
801.00
-4.19%EPS (Basic)
$-0.34
2.84
9.03
-8.36
1.59
0.29
0.83
1.93
2.33
0.68
0.66
-2.94%EPS (Diluted)
$-0.34
2.81
8.95
-8.36
1.58
0.29
0.82
1.91
2.31
0.68
0.66
-2.94%Weighted Avg Shares (Basic)
1215.19
1217.14
1218.80
1219.94
1221.40
1223.18
1223.74
1225.00
1213.10
1227.24
1214.30
-0.02%-1.05%Cash
$4837.00
4204.00
1629.00
1130.00
2279.00
3417.00
3445.00
1040.00
1400.00
826.00
1626.00
-14.36%96.85%Receivables
$1454.00
898.00
1274.00
2129.00
1973.00
2063.00
1957.00
2120.00
2112.00
2286.00
2216.00
4.78%-3.06%Inventory
$2618.00
2684.00
2815.00
2667.00
2721.00
2554.00
2729.00
3651.00
3614.00
4016.00
3578.00
4.11%-10.91%Prepaid Expenses (Current)
$
400.00
384.00
351.00
136.00
240.00
234.00
329.00
292.00
-11.25%Other Assets (Current)
$871.00
967.00
1548.00
2749.00
740.00
2437.00
727.00
846.00
569.00
759.00
521.00
-5.18%-31.36%Assets (Current)
$9780.00
8753.00
7266.00
9075.00
8097.00
10822.00
8994.00
7897.00
7929.00
8216.00
8233.00
-2.59%0.21%Property, Plant & Equipment (Net)
$6524.00
6688.00
7120.00
7078.00
7055.00
6876.00
6806.00
6740.00
7122.00
6776.00
7036.00
1.10%3.84%Goodwill & Intangibles
$105171.00
103422.00
104273.00
85971.00
84198.00
79756.00
74838.00
73482.00
72907.00
73553.00
72686.00
-4.48%-1.18%Other Assets
$1498.00
1617.00
1573.00
1337.00
2100.00
2376.00
2756.00
2394.00
2381.00
2398.00
2354.00
5.96%-1.83%Assets (Non-current)
$113193.00
111727.00
112966.00
94386.00
93353.00
89008.00
84400.00
82616.00
82410.00
82727.00
82076.00
-3.89%-0.79%Assets (Total)
$122973.00
120480.00
120232.00
103461.00
101450.00
99830.00
93394.00
90513.00
90339.00
90943.00
90309.00
-3.78%-0.70%Accounts Payable
$4424.00
4705.00
5020.00
4561.00
4387.00
4662.00
5562.00
5248.00
4885.00
5119.00
4725.00
1.25%-7.70%Debt (Current)
$
2691.00
3203.00
398.00
1028.00
236.00
754.00
837.00
638.00
842.00
622.00
-26.13%Other Liabilities (Current)
$2508.00
2105.00
1909.00
2544.00
2460.00
3163.00
2748.00
2943.00
2514.00
2993.00
2224.00
0.03%-25.69%Liabilities (Current)
$6932.00
9501.00
10132.00
7503.00
7875.00
8061.00
9064.00
9028.00
8037.00
8954.00
7571.00
1.87%-15.45%Debt (Non-current)
$25151.00
29713.00
28333.00
30770.00
28216.00
28070.00
21061.00
19233.00
19394.00
19263.00
19923.00
-3.20%3.43%Other Liabilities
$32997.00
23692.00
15520.00
13410.00
13610.00
13456.00
13817.00
13382.00
13186.00
13373.00
13127.00
-10.83%-1.84%Liabilities (Non-current)
$58148.00
53405.00
43853.00
44180.00
41826.00
41526.00
34878.00
32615.00
32580.00
32636.00
33050.00
-6.99%1.27%Liabilities (Total)
$65080.00
62906.00
53985.00
51683.00
49701.00
49587.00
43942.00
41643.00
40617.00
41590.00
40621.00
-5.72%-2.33%Treasury Stock
$31.00
207.00
224.00
282.00
271.00
344.00
587.00
847.00
1286.00
852.00
1551.00
59.31%82.04%Retained Earnings
$
588.00
8589.00
-4853.00
-3060.00
-2694.00
-1682.00
489.00
1367.00
831.00
1680.00
102.17%AOCI
$-671.00
-1628.00
-1054.00
-1943.00
-1886.00
-1967.00
-1824.00
-2810.00
-2604.00
-2748.00
-2669.00
2.87%Shareholder's Equity
$57893.00
57574.00
66241.00
51775.00
51749.00
50243.00
49448.00
48830.00
49688.00
49313.00
49653.00
-1.89%0.69%Liabilities & Equity
$122973.00
120480.00
120232.00
103461.00
101450.00
99830.00
93394.00
90513.00
90339.00
90943.00
90309.00
-3.78%-0.70%Net Income/Loss
$647.00
3642.00
10990.00
-10254.00
1933.00
361.00
1024.00
2368.00
2846.00
837.00
804.00
20.34%-3.94%Depreciation & Amortization
$740.00
1337.00
1036.00
983.00
994.00
969.00
910.00
933.00
961.00
220.00
230.00
3.32%4.55%Increase/Decrease in Working Capital
$-667.00
-1029.00
3395.00
2063.00
233.00
-447.00
-406.00
1483.00
806.00
610.00
342.00
-43.93%Share-based Compensation
$-153.00
-298.00
46.00
33.00
46.00
156.00
197.00
148.00
141.00
31.00
31.00
0.00%Adjustments to Reconcile Net Income
$1820.00
1596.00
-10463.00
12828.00
1619.00
4568.00
4340.00
101.00
1130.00
-351.00
-33.00
-5.78%90.60%Net Cash (Operating)
$2467.00
5238.00
527.00
2574.00
3552.00
4929.00
5364.00
2469.00
3976.00
486.00
771.00
6.15%58.64%Capital Expenditure
$10116.00
1247.00
1217.00
1074.00
-908.00
596.00
-4035.00
1309.00
1013.00
266.00
297.00
-25.00%11.65%Net Cash (Investing)
$-9704.00
-1113.00
1156.00
288.00
1511.00
-522.00
4038.00
-1091.00
-916.00
-264.00
-287.00
-8.71%Increase/Decrease in Debt
$2471.00
7532.00
-1354.00
-152.00
-1828.00
-1197.00
-6202.00
-1465.00
-191.00
-1.00
592.00
59300.00%Increase/Decrease in Equity
$-98.00
-53.00
-6.00
-455.00
-329.00
Interest Expenses
$704.00
1176.00
1269.00
1322.00
1306.00
1286.00
1196.00
937.00
896.00
3.06%Dividends Paid
$2202.00
3764.00
2888.00
3183.00
1953.00
1958.00
1959.00
1960.00
1965.00
491.00
486.00
-1.41%-1.02%Net Cash (Financing)
$10183.00
-4621.00
-4226.00
-3363.00
-3913.00
-3331.00
-9344.00
-3714.00
-2678.00
-439.00
-239.00
45.56%Cash Taxes Paid
$577.00
1619.00
1206.00
543.00
974.00
1027.00
1295.00
1260.00
932.00
6.18%Effect of Exchange Rate
$-407.00
-137.00
57.00
-132.00
-6.00
62.00
-30.00
-69.00
-19.00
4.00
-21.00
-625.00%Increase/Decrease in Cash
$2539.00
-633.00
-2486.00
-633.00
1144.00
1138.00
28.00
-2405.00
363.00
-213.00
224.00
-21.58%205.16%Cash (Beginning)
$2298.00
4837.00
4255.00
1769.00
1136.00
2280.00
3418.00
3446.00
1041.00
1041.00
1404.00
-9.42%34.87%Cash (Ending)
$4837.00
4204.00
1769.00
1136.00
2280.00
3418.00
3446.00
1041.00
1404.00
828.00
1628.00
-14.33%96.62%NOPAT
$1135.84
4162.33
13460.27
-11183.23
1946.29
6.20
836.64
2090.22
3399.11
989.91
1017.31
14.68%2.77%Gross Margin %
31.42%
36.19%
36.99%
33.96%
32.62%
35.05%
33.34%
30.67%
33.51%
32.56%
34.99%
Operating Margin %
14.39%
23.19%
25.82%
-38.91%
12.29%
8.13%
13.29%
13.72%
17.16%
19.16%
20.31%
NOPAT Margin %
6.19%
15.71%
51.31%
-42.57%
7.79%
0.02%
3.21%
7.89%
12.76%
15.26%
15.87%
Net Margin %
3.46%
13.71%
41.93%
-38.80%
7.75%
1.36%
3.89%
8.92%
10.72%
12.88%
12.49%
Tax Rate %
56.96%
32.23%
-98.73%
-9.42%
36.60%
99.71%
75.82%
42.48%
25.65%
20.36%
21.87%
ROA
0.92%
3.45%
11.20%
-10.81%
1.92%
0.01%
0.90%
2.31%
3.76%
1.09%
1.13%
ROE
1.96%
7.23%
20.32%
-21.60%
3.76%
0.01%
1.69%
4.28%
6.84%
2.01%
2.05%
ROIC
1.01%
3.76%
12.11%
-11.96%
2.09%
0.01%
1.02%
2.59%
4.18%
1.22%
1.26%
Asset Turnover
0.15
0.22
0.22
0.25
0.25
0.26
0.28
0.29
0.29
0.07
0.07
Inventory Turnover
4.80
6.30
5.87
6.50
6.19
6.66
6.36
5.03
4.90
1.09
1.16
Equity Multiplier
2.12
2.09
1.82
2.00
1.96
1.99
1.89
1.85
1.82
1.84
1.82
Current Ratio
1.41
0.92
0.72
1.21
1.03
1.34
0.99
0.87
0.99
0.92
1.09
Quick Ratio
0.91
0.54
0.29
0.43
0.54
0.68
0.60
0.35
0.44
0.35
0.51
Debt/Equity Ratio
0.43
0.56
0.48
0.60
0.57
0.56
0.44
0.41
0.40
0.41
0.41
Interest Coverage Ratio
3.75
5.22
5.34
-7.73
2.35
1.65
2.89
3.88
5.10
Working Capital/Sales
0.01
0.02
-0.01
0.02
0.07
0.05
0.02
0.01
0.05
0.10
0.14
Dividend Payout Ratio %
193.87%
90.43%
21.46%
28.46%
100.34%
31590.54%
234.15%
93.77%
57.81%
49.60%
47.77%
Total Payout
$533.00
-2539.00
5517.00
4657.00
5087.00
4441.00
9357.00
4362.00
3507.00
492.00
223.00
26.55%-54.67%Payout Ratio %
46.93%
-61.00%
40.99%
41.64%
261.37%
71651.47%
1118.40%
208.69%
103.17%
49.70%
21.92%