Company financials

Kellanova

Consumer Staples Packaged Foods & Meats Chicago, Illinois Last filing Feb 21, 2025 · FY2024

                    Revenue
                    FY2024
                
$12.7B
                    3y CAGR +2.8%
                    
                    P41
                    
                    -2.8%
                    
                    Net income
                    FY2024
                
$1.3B
                    Net margin +10.5%
                    
                    P59
                    
                    +41.2%
                    
                    Total assets
                    FY2024
                
$15.6B
                    ROA +8.6%
                    
                    P68
                    
                    +0.0%
                    
                    Operating cash flow
                    FY2024
                
$1.8B
                    FCF margin +8.9%
                    
                    P47
                    
                    +7.0%

16 yrs · FY2007–FY2024 2 gaps (2008, 2014) 9 filed · 0 derived · 0 blank

1Y 3Y 5Y 10Y

Dollars % of revenue % of assets YoY % CAGR

Each cell as a share of that year’s total assets.

Balance Sheet

Assets, liabilities, and equity

35 accounts · 5 years

Total assets $15.6B

Total liabilities $6.3B

Shareholders equity $3.8B

Account	2024	2023	2022	2021	2020
Assets
Cash and Cash Equivalents	4.4%	1.8%	1.6%	1.6%	—
Accounts Receivable(net)	9.7%	10.0%	—	8.2%	—
Inventory(net)	7.5%	8.0%	—	7.7%	—
Prepaid Expenses&Other Current Assets	2.4%	1.6%	—	1.2%	—
Total Current Assets	24.0%	21.3%	22.6%	18.7%	—
Property,Plant&Equipment(net)	20.7%	20.6%	—	21.1%	—
Operating Lease Right of Use Asset	3.8%	4.2%	—	3.5%	—
Goodwill	32.0%	33.0%	29.1%	30.1%	—
Other Intangible Assets(net)	11.3%	12.4%	—	13.3%	—
Deferred Tax Assets(net)	3.0%	3.2%	—	2.5%	—
Other Assets Noncurrent	7.5%	7.3%	—	9.4%	—
Total Assets	100.0%	100.0%	100.0%	100.0%	—
Liabilities
Accounts Payable	14.3%	14.8%	16.1%	14.2%	—
Accrued Liabilities	7.9%	9.5%	3.6%	7.4%	—
Derivative Liabilities(current)	0.0%	1.3%	—	0.3%	—
Current Portion of Long Term Debt and Capital Leases	4.0%	4.2%	—	3.9%	—
Short Term Borrowings	4.0%	4.2%	—	3.9%	—
Total Current Liabilities	29.8%	32.4%	34.3%	29.2%	—
Long Term Debt and Capital Lease Obligations(noncurrent)	32.0%	32.6%	—	34.4%	—
Operating Lease Liabilities(noncurrent)	3.0%	3.4%	—	2.8%	—
Pension and Other Postretirement Benefit Plans Liabilities(noncurrent)	3.8%	3.9%	—	3.9%	—
Deferred Tax Liabilities(net)	3.5%	3.2%	—	4.0%	—
Unrecognized Tax Benefits(noncurrent)	0.2%	0.2%	—	0.3%	—
Restructuring Reserve(noncurrent)	0.2%	0.0%	—	0.1%	—
Purchase Obligation	0.0%	0.3%	—	0.3%	—
Other Liabilities Noncurrent	3.1%	3.0%	—	2.5%	—
Total Liabilities and Stockholders' Equity	100.0%	100.0%	—	100.0%	—
Equity
Common Stock	0.7%	0.7%	0.6%	0.6%	—
Additional Paid In Capital	0.6%	0.6%	5.8%	0.4%	—
Retained Earnings/Accumulated Deficit	59.9%	56.4%	—	49.7%	—
Accumulated Other Comprehensive Income(loss)	-14.6%	-13.1%	—	-9.5%	—
Treasury Stock	29.0%	30.7%	25.5%	25.9%	—
Minority Interest(noncontrolling Interest)	0.7%	1.2%	—	2.7%	—
Total Stockholders' Equity	24.2%	20.3%	—	20.5%	—
Total Equity(including Noncontrolling Interest)	24.8%	21.6%	—	23.2%	—

Income Statement

Revenue, expense, and profitability

22 accounts · 5 years

Revenue $12.7B

Operating income $1.9B

Net income $1.3B

Account	2024	2023	2022	2021	2020
IncomeStatement
Revenues net Sales/Revenue	81.6%	84.0%	—	64.6%	—
Costs and Expenses Cost of Goods Sold	52.5%	56.6%	—	43.6%	—
Costs and Expenses Selling General and Administrative Expense(sg&a)	17.1%	17.8%	—	13.4%	—
Costs and Expenses Research and Development Expense	0.7%	0.7%	—	0.6%	—
Costs and Expenses Advertising Expense	4.0%	4.1%	—	3.0%	—
Costs and Expenses Depreciation Depletion and Amortization Expense	2.3%	2.7%	—	2.6%	—
Costs and Expenses Asset Impairment Charges	0.4%	0.0%	—	—	—
Costs and Expenses Restructuring Charges	0.9%	—	—	0.1%	—
Costs and Expenses Pension and Other Postretirement Benefit Expense	-0.1%	0.3%	—	-2.2%	—
Income From Equity Investments Income Loss From Equity Method Investments	0.0%	0.0%	—	0.0%	—
Non Operating Income Expense Interest Expense	2.0%	1.9%	—	1.1%	—
Non Operating Income Expense Other Non Operating Income(expense)	0.6%	-1.0%	—	1.5%	—
Income Before Tax Income Before Income Taxes	10.6%	6.7%	—	8.0%	—
Income Tax Income Tax Expense(benefit)	1.9%	1.7%	—	1.9%	—
net Income Operating Income(loss)	12.0%	9.6%	—	7.6%	—
net Income net Income(loss)	8.6%	6.1%	—	8.2%	—
net Income net Income(loss)Attributable To Noncontrolling Interest	0.1%	0.1%	—	0.0%	—
Earnings Per Share Earnings Per Share Basic	0.0%	0.0%	—	0.0%	—
Earnings Per Share Earnings Per Share Diluted	0.0%	0.0%	—	0.0%	—
Earnings Per Share Weighted Average Shares Outstanding Diluted	0.0%	2.2%	—	0.1%	—
Comprehensive Income Other Comprehensive Income(loss),Net of Tax	-14.6%	-13.1%	—	-9.5%	—
Comprehensive Income Comprehensive Income(loss),Net of Tax	7.1%	4.0%	—	8.2%	—

Cash Flow Statement

Operating, investing, and financing flows

30 accounts · 5 years

Operating cash flow $1.8B

Investing cash flow $-750.0M

Financing cash flow $-607.0M

Account	2024	2023	2022	2021	2020
CashFlow
Operating Activities net Income	8.6%	6.1%	5.2%	8.2%	—
Operating Activities Depreciation Depletion and Amortization	2.3%	2.7%	—	2.6%	—
Operating Activities Share Based Compensation	0.6%	0.6%	—	0.4%	—
Operating Activities Deferred Income Tax Expense(benefit)	0.2%	-0.2%	—	0.7%	—
Operating Activities Equity Method Investment Income(loss)	0.0%	0.0%	—	0.0%	—
Operating Activities Asset Impairment Charges	0.4%	0.0%	—	—	—
Operating Activities Restructuring Costs(non Cash)	0.9%	—	—	0.1%	—
Operating Activities Changes In Operating Assets and Liabilities	0.7%	-1.7%	5.8%	0.3%	—
Operating Activities Other Non Cash Income/expense	0.4%	-0.3%	—	0.2%	—
Operating Activities net Cash From Operating Activities	11.3%	10.5%	8.9%	9.4%	—
Investing Activities Capital Expenditures	4.0%	4.3%	2.6%	3.0%	—
Investing Activities Purchases of Investments	2.2%	0.0%	0.0%	0.0%	—
Investing Activities Proceeds From Sale/maturity of Investments	1.3%	0.0%	—	0.0%	—
Investing Activities Payments/proceeds From Other Investing Activities	-0.2%	-0.0%	—	-0.0%	—
Investing Activities net Cash From Investing Activities	-4.8%	-3.6%	-2.4%	-2.9%	—
Financing Activities Proceeds From Issuance of Debt	4.0%	2.6%	—	2.0%	—
Financing Activities Repayment of Debt	4.2%	5.0%	3.5%	3.6%	—
Financing Activities Proceeds From Issuance of Equity	1.4%	0.4%	—	0.3%	—
Financing Activities Repurchase of Common Stock	0.0%	1.1%	1.6%	1.3%	—
Financing Activities Dividends Paid	5.0%	5.1%	4.3%	4.3%	—
Financing Activities Payments From/to Minority Shareholders	0.0%	0.2%	—	0.2%	—
Financing Activities Proceeds From Payments For Other Financing Activities	-0.1%	-0.4%	—	-0.2%	—
Financing Activities net Cash From Financing Activities	-3.9%	-7.1%	-5.8%	-7.2%	—
Cash Reconciliation Effect of Exchange Rate On Cash	0.1%	0.0%	-0.6%	-0.1%	—
Cash Reconciliation net Change In Cash	2.7%	-0.2%	0.1%	-0.8%	—
Supplemental Disclosures Income Taxes Paid	1.6%	2.1%	—	2.0%	—
Supplemental Disclosures Interest Paid	1.9%	1.9%	—	1.2%	—
Supplemental Disclosures Non Cash Investing&Financing Activities	0.5%	0.6%	—	0.3%	—
Supplemental Disclosures Capital Expenditures Incurred But Not Yet Paid	0.9%	0.9%	—	0.9%	—
Supplemental Disclosures Pension and Other Postretirement Benefit Contributions	0.4%	0.3%	—	0.1%	—

Key Ratios

Margins, returns, liquidity, leverage, efficiency

Computed at import · 5 years

Ratio	2024	2023	2022	2021	2020
Profitability
Gross margin	+35.6%	+32.6%	+30.1%	+32.5%	—
Operating margin	+14.7%	+11.5%	+9.6%	+11.8%	—
Net margin	+10.5%	+7.2%	+7.6%	+12.7%	—
FCF margin	+8.9%	+7.4%	+9.2%	+9.8%	—
Growth
Revenue CAGR (3y)	+2.8%	—	-2.3%	-4.6%	—
Returns
ROE	+35.6%	+30.0%	+24.4%	+40.0%	—
ROA	+8.6%	+6.1%	+5.2%	+8.2%	—
ROIC	+17.5%	+13.1%	+10.0%	+10.1%	—
Liquidity
Current ratio	0.81x	0.66x	0.66x	0.64x	—
Quick ratio	—	—	0.32x	—	—
Leverage
D/E	3.14x	3.92x	1.61x	3.89x	—
Interest coverage	6.02x	4.97x	6.02x	6.75x	—
Efficiency
Asset turnover	0.82x	0.84x	0.68x	0.65x	—
Cash conversion cycle	—	—	+0d	—	—

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Kellanova

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