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 revenue.

Balance Sheet

Assets, liabilities, and equity

35 accounts · 10 years

Total assets $15.6B

Total liabilities $6.3B

Shareholders equity $3.8B

Account	2024	2023	2022	2021	2020	2019	2018	2017	2016	2015
Assets
Cash and Cash Equivalents	5.4%	2.1%	2.4%	2.4%	—	2.9%	2.4%	2.2%	2.2%	—
Accounts Receivable(net)	11.9%	11.9%	—	12.7%	—	11.6%	10.1%	10.8%	—	—
Inventory(net)	9.1%	9.5%	—	11.9%	—	9.0%	9.8%	9.5%	—	—
Prepaid Expenses&Other Current Assets	2.9%	1.9%	—	1.9%	—	1.7%	1.0%	1.2%	—	—
Total Current Assets	29.4%	25.4%	33.1%	28.9%	—	25.3%	23.3%	23.6%	22.7%	—
Property,Plant&Equipment(net)	25.4%	24.5%	—	32.6%	—	26.6%	27.5%	28.9%	—	—
Operating Lease Right of Use Asset	4.7%	5.0%	—	5.4%	—	4.0%	—	—	—	—
Goodwill	39.2%	39.3%	42.5%	46.5%	—	43.2%	44.7%	42.8%	39.8%	—
Other Intangible Assets(net)	13.8%	14.7%	—	20.5%	—	19.0%	24.8%	20.5%	—	—
Deferred Tax Assets(net)	3.7%	3.8%	—	3.9%	—	3.8%	2.7%	3.7%	—	—
Other Assets Noncurrent	9.2%	8.7%	—	14.6%	—	8.4%	7.9%	8.0%	—	—
Total Assets	122.6%	119.0%	146.2%	154.7%	—	129.4%	131.2%	127.2%	116.6%	—
Liabilities
Accounts Payable	17.5%	17.6%	23.5%	21.9%	—	17.6%	17.9%	17.7%	15.5%	—
Accrued Liabilities	9.7%	11.3%	5.3%	11.4%	—	9.3%	8.2%	9.0%	4.6%	—
Derivative Liabilities(current)	0.0%	1.5%	—	0.5%	—	0.3%	0.3%	0.6%	—	—
Current Portion of Long Term Debt and Capital Leases	5.0%	5.1%	—	6.1%	—	4.6%	3.8%	3.2%	—	—
Short Term Borrowings	5.0%	5.1%	—	6.1%	—	4.6%	1.3%	2.9%	—	—
Total Current Liabilities	36.6%	38.6%	50.2%	45.2%	—	35.2%	33.4%	35.2%	34.5%	—
Long Term Debt and Capital Lease Obligations(noncurrent)	39.2%	38.8%	—	53.3%	—	53.0%	60.6%	61.0%	—	—
Operating Lease Liabilities(noncurrent)	3.6%	4.1%	—	4.3%	—	3.2%	0.0%	—	—	—
Pension and Other Postretirement Benefit Plans Liabilities(noncurrent)	4.7%	4.7%	—	6.0%	—	5.2%	4.8%	6.5%	—	—
Deferred Tax Liabilities(net)	4.2%	3.8%	—	6.1%	—	4.4%	6.3%	4.6%	—	—
Unrecognized Tax Benefits(noncurrent)	0.3%	0.2%	—	0.4%	—	0.7%	0.7%	0.5%	—	—
Restructuring Reserve(noncurrent)	0.3%	0.0%	—	0.2%	—	0.3%	0.5%	1.2%	—	—
Purchase Obligation	0.0%	0.3%	—	0.4%	—	0.1%	—	—	—	—
Other Liabilities Noncurrent	3.8%	3.5%	—	3.9%	—	4.0%	3.7%	4.7%	—	—
Total Liabilities and Stockholders' Equity	122.6%	119.0%	—	154.7%	—	129.4%	131.2%	127.2%	—	—
Equity
Common Stock	0.8%	0.8%	0.8%	0.9%	—	0.8%	0.8%	0.8%	0.8%	—
Additional Paid In Capital	0.7%	0.7%	8.4%	0.6%	—	0.4%	0.4%	0.5%	6.2%	—
Retained Earnings/Accumulated Deficit	73.4%	67.1%	—	76.9%	—	57.9%	56.5%	55.0%	—	—
Accumulated Other Comprehensive Income(loss)	-17.9%	-15.6%	—	-14.7%	—	-10.7%	-11.1%	-11.3%	—	—
Treasury Stock	35.6%	36.5%	37.3%	40.1%	—	34.5%	33.6%	34.4%	30.8%	—
Minority Interest(noncontrolling Interest)	0.8%	1.5%	—	4.2%	—	4.2%	4.1%	0.1%	—	—
Total Stockholders' Equity	29.6%	24.2%	—	31.7%	—	20.2%	19.2%	16.9%	—	—
Total Equity(including Noncontrolling Interest)	30.4%	25.7%	—	35.9%	—	24.4%	23.3%	17.1%	—	—

Income Statement

Revenue, expense, and profitability

22 accounts · 10 years

Revenue $12.7B

Operating income $1.9B

Net income $1.3B

Account	2024	2023	2022	2021	2020	2019	2018	2017	2016	2015
IncomeStatement
Revenues net Sales/Revenue	100.0%	100.0%	—	100.0%	—	100.0%	100.0%	100.0%	—	—
Costs and Expenses Cost of Goods Sold	64.4%	67.4%	—	67.5%	—	67.7%	65.1%	63.4%	—	—
Costs and Expenses Selling General and Administrative Expense(sg&a)	21.0%	21.2%	—	20.7%	—	21.9%	22.3%	25.8%	—	—
Costs and Expenses Research and Development Expense	0.9%	0.9%	—	1.0%	—	1.1%	1.1%	1.2%	—	—
Costs and Expenses Advertising Expense	4.9%	4.8%	—	4.6%	—	5.0%	5.6%	5.7%	—	—
Costs and Expenses Depreciation Depletion and Amortization Expense	2.9%	3.2%	—	4.0%	—	3.6%	3.8%	3.7%	—	—
Costs and Expenses Asset Impairment Charges	0.5%	0.0%	—	—	—	—	—	—	—	—
Costs and Expenses Restructuring Charges	1.1%	—	—	0.2%	—	0.8%	1.1%	2.0%	—	—
Costs and Expenses Pension and Other Postretirement Benefit Expense	-0.1%	0.4%	—	-3.3%	—	-0.7%	1.3%	-3.3%	—	—
Income From Equity Investments Income Loss From Equity Method Investments	0.0%	0.0%	—	0.0%	—	-0.1%	1.4%	0.1%	—	—
Non Operating Income Expense Interest Expense	2.4%	2.3%	—	1.7%	—	2.1%	2.1%	2.0%	—	—
Non Operating Income Expense Other Non Operating Income(expense)	0.7%	-1.2%	—	2.3%	—	1.4%	-0.7%	4.1%	—	—
Income Before Tax Income Before Income Taxes	13.0%	7.9%	—	12.4%	—	9.6%	9.8%	12.9%	—	—
Income Tax Income Tax Expense(benefit)	2.4%	2.0%	—	3.0%	—	2.4%	1.3%	3.2%	—	—
net Income Operating Income(loss)	14.7%	11.5%	—	11.8%	—	10.3%	12.6%	10.8%	—	—
net Income net Income(loss)	10.5%	7.2%	—	12.7%	—	7.1%	9.9%	9.8%	—	—
net Income net Income(loss)Attributable To Noncontrolling Interest	0.1%	0.1%	—	0.1%	—	0.1%	0.1%	0.0%	—	—
Earnings Per Share Earnings Per Share Basic	0.0%	0.0%	—	0.0%	—	0.0%	0.0%	0.0%	—	—
Earnings Per Share Earnings Per Share Diluted	0.0%	0.0%	—	0.0%	—	0.0%	0.0%	0.0%	—	—
Earnings Per Share Weighted Average Shares Outstanding Diluted	0.0%	2.6%	—	0.1%	—	0.1%	2.6%	2.7%	—	—
Comprehensive Income Other Comprehensive Income(loss),Net of Tax	-17.9%	-15.6%	—	-14.7%	—	-10.7%	-11.1%	-11.3%	—	—
Comprehensive Income Comprehensive Income(loss),Net of Tax	8.7%	4.8%	—	12.8%	—	7.6%	9.5%	10.7%	—	—

Cash Flow Statement

Operating, investing, and financing flows

30 accounts · 10 years

Operating cash flow $1.8B

Investing cash flow $-750.0M

Financing cash flow $-607.0M

Account	2024	2023	2022	2021	2020	2019	2018	2017	2016	2015
CashFlow
Operating Activities net Income	10.5%	7.2%	7.6%	12.7%	—	7.1%	9.9%	9.8%	5.4%	—
Operating Activities Depreciation Depletion and Amortization	2.9%	3.2%	—	4.0%	—	3.6%	3.8%	3.7%	—	—
Operating Activities Share Based Compensation	0.7%	0.7%	—	0.6%	—	0.4%	0.5%	0.6%	—	—
Operating Activities Deferred Income Tax Expense(benefit)	0.2%	-0.3%	—	1.0%	—	-1.1%	0.3%	-0.5%	—	—
Operating Activities Equity Method Investment Income(loss)	0.0%	0.0%	—	0.0%	—	-0.1%	1.4%	0.1%	—	—
Operating Activities Asset Impairment Charges	0.5%	0.0%	—	—	—	—	—	—	—	—
Operating Activities Restructuring Costs(non Cash)	1.1%	—	—	0.2%	—	0.8%	1.1%	2.0%	—	—
Operating Activities Changes In Operating Assets and Liabilities	0.9%	-2.0%	8.5%	0.4%	—	-0.3%	1.1%	0.1%	4.6%	—
Operating Activities Other Non Cash Income/expense	0.5%	-0.3%	—	0.4%	—	0.3%	0.5%	-0.0%	—	—
Operating Activities net Cash From Operating Activities	13.8%	12.5%	13.0%	14.5%	—	8.7%	11.3%	3.1%	9.8%	—
Investing Activities Capital Expenditures	4.9%	5.2%	3.9%	4.7%	—	4.3%	4.3%	3.9%	3.9%	—
Investing Activities Purchases of Investments	2.7%	0.0%	0.0%	0.0%	—	0.0%	0.0%	—	—	—
Investing Activities Proceeds From Sale/maturity of Investments	1.6%	0.0%	—	0.0%	—	0.0%	0.0%	—	—	—
Investing Activities Payments/proceeds From Other Investing Activities	-0.2%	-0.0%	—	-0.0%	—	0.1%	-0.4%	-0.0%	—	—
Investing Activities net Cash From Investing Activities	-5.9%	-4.3%	-3.5%	-4.5%	—	5.7%	-7.0%	1.2%	-3.0%	—
Financing Activities Proceeds From Issuance of Debt	4.9%	3.1%	—	3.1%	—	0.6%	7.3%	9.7%	—	—
Financing Activities Repayment of Debt	5.1%	5.9%	5.1%	5.5%	—	7.4%	3.0%	4.9%	13.4%	—
Financing Activities Proceeds From Issuance of Equity	1.7%	0.5%	—	0.5%	—	0.5%	1.2%	0.8%	—	—
Financing Activities Repurchase of Common Stock	0.0%	1.3%	2.4%	2.0%	—	1.6%	2.4%	4.0%	3.3%	—
Financing Activities Dividends Paid	6.1%	6.1%	6.3%	6.7%	—	5.7%	5.6%	5.7%	5.5%	—
Financing Activities Payments From/to Minority Shareholders	0.1%	0.2%	—	0.3%	—	0.1%	0.1%	—	—	—
Financing Activities Proceeds From Payments For Other Financing Activities	-0.1%	-0.5%	—	-0.3%	—	-0.1%	-0.1%	0.0%	—	—
Financing Activities net Cash From Financing Activities	-4.8%	-8.5%	-8.5%	-11.1%	—	-14.0%	-4.2%	-4.7%	-6.1%	—
Cash Reconciliation Effect of Exchange Rate On Cash	0.1%	0.0%	-0.9%	-0.1%	—	0.2%	0.1%	0.4%	-0.5%	—
Cash Reconciliation net Change In Cash	3.3%	-0.2%	0.1%	-1.3%	—	0.6%	0.3%	—	0.2%	—
Supplemental Disclosures Income Taxes Paid	1.9%	2.5%	—	3.1%	—	4.0%	1.4%	2.7%	—	—
Supplemental Disclosures Interest Paid	2.4%	2.2%	—	1.8%	—	2.1%	2.1%	2.0%	—	—
Supplemental Disclosures Non Cash Investing&Financing Activities	0.6%	0.7%	—	0.5%	—	1.2%	—	—	—	—
Supplemental Disclosures Capital Expenditures Incurred But Not Yet Paid	1.1%	1.1%	—	1.4%	—	0.9%	1.2%	1.2%	—	—
Supplemental Disclosures Pension and Other Postretirement Benefit Contributions	0.4%	0.3%	—	0.2%	—	0.2%	2.1%	0.3%	—	—

Key Ratios

Margins, returns, liquidity, leverage, efficiency

Computed at import · 10 years

Ratio	2024	2023	2022	2021	2020	2019	2018	2017	2016	2015
Profitability
Gross margin	+35.6%	+32.6%	+30.1%	+32.5%	—	+32.3%	+34.9%	+36.6%	+37.3%	—
Operating margin	+14.7%	+11.5%	+9.6%	+11.8%	—	+10.3%	+12.6%	+10.8%	+11.4%	—
Net margin	+10.5%	+7.2%	+7.6%	+12.7%	—	+7.1%	+9.9%	+9.8%	+5.4%	—
FCF margin	+8.9%	+7.4%	+9.2%	+9.8%	—	+4.3%	+7.1%	-0.8%	+5.9%	—
Growth
Revenue CAGR (3y)	+2.8%	—	-2.3%	-4.6%	—	+1.6%	—	—	—	—
Returns
ROE	+35.6%	+30.0%	+24.4%	+40.0%	—	+34.9%	+51.4%	+57.6%	+36.6%	—
ROA	+8.6%	+6.1%	+5.2%	+8.2%	—	+5.5%	+7.5%	+7.7%	+4.6%	—
ROIC	+17.5%	+13.1%	+10.0%	+10.1%	—	+10.4%	+13.4%	+10.3%	+12.4%	—
Liquidity
Current ratio	0.81x	0.66x	0.66x	0.64x	—	0.72x	0.70x	0.67x	0.66x	—
Quick ratio	—	—	0.32x	—	—	—	—	—	0.34x	—
Leverage
D/E	3.14x	3.92x	1.61x	3.89x	—	5.39x	5.84x	6.51x	2.34x	—
Interest coverage	6.02x	4.97x	6.02x	6.75x	—	4.93x	5.94x	5.42x	3.65x	—
Efficiency
Asset turnover	0.82x	0.84x	0.68x	0.65x	—	0.77x	0.76x	0.79x	0.86x	—
Cash conversion cycle	—	—	+0d	—	—	—	—	—	-0d	—

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Kellanova

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