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

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	$694.0M 153.3%	$274.0M -8.4%	$299.0M 4.5%	$286.0M	—
Accounts Receivable(net)	$1.5B -2.9%	$1.6B	—	$1.5B	—
Inventory(net)	$1.2B -6.3%	$1.2B	—	$1.4B	—
Prepaid Expenses&Other Current Assets	$373.0M 52.2%	$245.0M	—	$221.0M	—
Total Current Assets	$3.8B 12.7%	$3.3B -20.4%	$4.2B 23.3%	$3.4B	—
Property,Plant&Equipment(net)	$3.2B 0.7%	$3.2B	—	$3.8B	—
Operating Lease Right of Use Asset	$601.0M -9.1%	$661.0M	—	$640.0M	—
Goodwill	$5.0B -3.0%	$5.2B -4.1%	$5.4B -1.6%	$5.5B	$0
Other Intangible Assets(net)	$1.8B -8.8%	$1.9B	—	$2.4B	—
Deferred Tax Assets(net)	$471.0M -4.8%	$495.0M	—	$454.0M	—
Other Assets Noncurrent	$1.2B 2.9%	$1.1B	—	$1.7B	—
Total Assets	$15.6B 0.0%	$15.6B -15.5%	$18.5B 1.7%	$18.2B	—
Liabilities
Accounts Payable	$2.2B -3.4%	$2.3B -22.2%	$3.0B 15.5%	$2.6B	—
Accrued Liabilities	$1.2B -16.0%	$1.5B 119.6%	$673.0M -49.7%	$1.3B	$0
Derivative Liabilities(current)	$0 -100.0%	$200.0M	—	$59.0M	—
Current Portion of Long Term Debt and Capital Leases	$632.0M -4.7%	$663.0M	—	$712.0M	—
Short Term Borrowings	$632.0M -4.7%	$663.0M	—	$712.0M	—
Total Current Liabilities	$4.7B -7.9%	$5.1B -20.3%	$6.3B 19.5%	$5.3B	—
Long Term Debt and Capital Lease Obligations(noncurrent)	$5.0B -1.8%	$5.1B	—	$6.3B	—
Operating Lease Liabilities(noncurrent)	$465.0M -12.6%	$532.0M	—	$502.0M	—
Pension and Other Postretirement Benefit Plans Liabilities(noncurrent)	$599.0M -2.3%	$613.0M	—	$706.0M	—
Deferred Tax Liabilities(net)	$541.0M 8.9%	$497.0M	—	$722.0M	—
Unrecognized Tax Benefits(noncurrent)	$34.0M 6.3%	$32.0M	—	$50.0M	—
Restructuring Reserve(noncurrent)	$37.0M	$0	—	$23.0M	—
Purchase Obligation	$4.0M -90.0%	$40.0M	—	$52.0M	—
Other Liabilities Noncurrent	$483.0M 4.8%	$461.0M	—	$456.0M	—
Total Liabilities and Stockholders' Equity	$15.6B 0.0%	$15.6B	—	$18.2B	—
Equity
Common Stock	$105.0M 0.0%	$105.0M 0.0%	$105.0M 0.0%	$105.0M	$0
Additional Paid In Capital	$89.0M -6.3%	$95.0M -91.1%	$1.1B 1470.6%	$68.0M	$0
Retained Earnings/Accumulated Deficit	$9.4B 6.3%	$8.8B	—	$9.0B	—
Accumulated Other Comprehensive Income(loss)	$-2.3B -11.5%	$-2.0B	—	$-1.7B	—
Treasury Stock	$4.5B -5.4%	$4.8B 1.5%	$4.7B 0.1%	$4.7B	$0
Minority Interest(noncontrolling Interest)	$107.0M -44.8%	$194.0M	—	$495.0M	—
Total Stockholders' Equity	$3.8B 18.9%	$3.2B	—	$3.7B	—
Total Equity(including Noncontrolling Interest)	$3.9B 15.2%	$3.4B	—	$4.2B	—

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	$12.7B -2.8%	$13.1B	—	$11.7B	—
Costs and Expenses Cost of Goods Sold	$8.2B -7.2%	$8.8B	—	$7.9B	—
Costs and Expenses Selling General and Administrative Expense(sg&a)	$2.7B -3.8%	$2.8B	—	$2.4B	—
Costs and Expenses Research and Development Expense	$115.0M -0.9%	$116.0M	—	$117.0M	—
Costs and Expenses Advertising Expense	$628.0M -0.8%	$633.0M	—	$541.0M	—
Costs and Expenses Depreciation Depletion and Amortization Expense	$367.0M -12.4%	$419.0M	—	$467.0M	—
Costs and Expenses Asset Impairment Charges	$60.0M	$0	—	—	—
Costs and Expenses Restructuring Charges	$143.0M	—	—	$27.0M	—
Costs and Expenses Pension and Other Postretirement Benefit Expense	$-11.0M -120.8%	$53.0M	—	$-392.0M	—
Income From Equity Investments Income Loss From Equity Method Investments	$6.0M 0.0%	$6.0M	—	$3.0M	—
Non Operating Income Expense Interest Expense	$311.0M 2.6%	$303.0M	—	$205.0M	—
Non Operating Income Expense Other Non Operating Income(expense)	$92.0M 156.8%	$-162.0M	—	$274.0M	—
Income Before Tax Income Before Income Taxes	$1.7B 59.0%	$1.0B	—	$1.5B	—
Income Tax Income Tax Expense(benefit)	$304.0M 17.8%	$258.0M	—	$353.0M	—
net Income Operating Income(loss)	$1.9B 24.5%	$1.5B	—	$1.4B	—
net Income net Income(loss)	$1.3B 41.2%	$951.0M	—	$1.5B	—
net Income net Income(loss)Attributable To Noncontrolling Interest	$13.0M 0.0%	$13.0M	—	$7.0M	—
Earnings Per Share Earnings Per Share Basic	$4 41.0%	$3	—	$4	—
Earnings Per Share Earnings Per Share Diluted	$4 40.6%	$3	—	$4	—
Earnings Per Share Weighted Average Shares Outstanding Diluted	$1.3M -99.6%	$344.0M	—	$10.6M	—
Comprehensive Income Other Comprehensive Income(loss),Net of Tax	$-2.3B -11.5%	$-2.0B	—	$-1.7B	—
Comprehensive Income Comprehensive Income(loss),Net of Tax	$1.1B 76.4%	$628.0M	—	$1.5B	—

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	$1.3B 41.2%	$951.0M -0.9%	$960.0M -35.5%	$1.5B	—
Operating Activities Depreciation Depletion and Amortization	$367.0M -12.4%	$419.0M	—	$467.0M	—
Operating Activities Share Based Compensation	$95.0M -1.0%	$96.0M	—	$73.0M	—
Operating Activities Deferred Income Tax Expense(benefit)	$25.0M 165.8%	$-38.0M	—	$119.0M	—
Operating Activities Equity Method Investment Income(loss)	$6.0M 0.0%	$6.0M	—	$3.0M	—
Operating Activities Asset Impairment Charges	$60.0M	$0	—	—	—
Operating Activities Restructuring Costs(non Cash)	$143.0M	—	—	$27.0M	—
Operating Activities Changes In Operating Assets and Liabilities	$117.0M 143.8%	$-267.0M -124.7%	$1.1B 2147.9%	$48.0M	$0
Operating Activities Other Non Cash Income/expense	$64.0M 260.0%	$-40.0M	—	$44.0M	—
Operating Activities net Cash From Operating Activities	$1.8B 7.0%	$1.6B -0.4%	$1.7B -2.9%	$1.7B	—
Investing Activities Capital Expenditures	$628.0M -7.2%	$677.0M 38.7%	$488.0M -11.8%	$553.0M	—
Investing Activities Purchases of Investments	$350.0M	$0	$0	$0	—
Investing Activities Proceeds From Sale/maturity of Investments	$209.0M	$0	—	$0	—
Investing Activities Payments/proceeds From Other Investing Activities	$-26.0M -1200.0%	$-2.0M	—	$-5.0M	—
Investing Activities net Cash From Investing Activities	$-750.0M -33.5%	$-562.0M -25.4%	$-448.0M 15.2%	$-528.0M	—
Financing Activities Proceeds From Issuance of Debt	$619.0M 53.2%	$404.0M	—	$361.0M	—
Financing Activities Repayment of Debt	$655.0M -16.0%	$780.0M 20.4%	$648.0M -0.3%	$650.0M	—
Financing Activities Proceeds From Issuance of Equity	$213.0M 255.0%	$60.0M	—	$63.0M	—
Financing Activities Repurchase of Common Stock	$0 -100.0%	$170.0M -43.3%	$300.0M 25.0%	$240.0M	—
Financing Activities Dividends Paid	$776.0M -3.0%	$800.0M 0.4%	$797.0M 1.1%	$788.0M	$0
Financing Activities Payments From/to Minority Shareholders	$7.0M -70.8%	$24.0M	—	$36.0M	—
Financing Activities Proceeds From Payments For Other Financing Activities	$-8.0M 87.3%	$-63.0M	—	$-35.0M	—
Financing Activities net Cash From Financing Activities	$-607.0M 45.3%	$-1.1B -2.7%	$-1.1B 17.2%	$-1.3B	—
Cash Reconciliation Effect of Exchange Rate On Cash	$17.0M 750.0%	$2.0M 101.8%	$-109.0M -581.3%	$-16.0M	—
Cash Reconciliation net Change In Cash	$420.0M 1780.0%	$-25.0M -292.3%	$13.0M 108.7%	$-149.0M	—
Supplemental Disclosures Income Taxes Paid	$244.0M -24.2%	$322.0M	—	$365.0M	—
Supplemental Disclosures Interest Paid	$303.0M 4.1%	$291.0M	—	$213.0M	—
Supplemental Disclosures Non Cash Investing&Financing Activities	$82.0M -7.9%	$89.0M	—	$55.0M	—
Supplemental Disclosures Capital Expenditures Incurred But Not Yet Paid	$142.0M 2.9%	$138.0M	—	$162.0M	—
Supplemental Disclosures Pension and Other Postretirement Benefit Contributions	$55.0M 31.0%	$42.0M	—	$20.0M	—

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	—	—

Valuation

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FY2024 fundamentals · no price

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Kellanova

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