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

Year-over-year change per cell; first column has no prior.

Balance Sheet

Assets, liabilities, and equity

35 accounts · 3 years

Total assets $15.6B

Total liabilities $6.3B

Shareholders equity $3.8B

Account	2024	2023	2022
Assets
Cash and Cash Equivalents	+153.3%	-8.4%	—
Accounts Receivable(net)	-2.9%	—	—
Inventory(net)	-6.3%	—	—
Prepaid Expenses&Other Current Assets	+52.2%	—	—
Total Current Assets	+12.7%	-20.4%	—
Property,Plant&Equipment(net)	+0.7%	—	—
Operating Lease Right of Use Asset	-9.1%	—	—
Goodwill	-3.0%	-4.1%	—
Other Intangible Assets(net)	-8.8%	—	—
Deferred Tax Assets(net)	-4.8%	—	—
Other Assets Noncurrent	+2.9%	—	—
Total Assets	+0.0%	-15.5%	—
Liabilities
Accounts Payable	-3.4%	-22.2%	—
Accrued Liabilities	-16.0%	+119.6%	—
Derivative Liabilities(current)	-100.0%	—	—
Current Portion of Long Term Debt and Capital Leases	-4.7%	—	—
Short Term Borrowings	-4.7%	—	—
Total Current Liabilities	-7.9%	-20.3%	—
Long Term Debt and Capital Lease Obligations(noncurrent)	-1.8%	—	—
Operating Lease Liabilities(noncurrent)	-12.6%	—	—
Pension and Other Postretirement Benefit Plans Liabilities(noncurrent)	-2.3%	—	—
Deferred Tax Liabilities(net)	+8.9%	—	—
Unrecognized Tax Benefits(noncurrent)	+6.2%	—	—
Restructuring Reserve(noncurrent)	—	—	—
Purchase Obligation	-90.0%	—	—
Other Liabilities Noncurrent	+4.8%	—	—
Total Liabilities and Stockholders' Equity	+0.0%	—	—
Equity
Common Stock	+0.0%	+0.0%	—
Additional Paid In Capital	-6.3%	-91.1%	—
Retained Earnings/Accumulated Deficit	+6.3%	—	—
Accumulated Other Comprehensive Income(loss)	-11.5%	—	—
Treasury Stock	-5.4%	+1.5%	—
Minority Interest(noncontrolling Interest)	-44.8%	—	—
Total Stockholders' Equity	+18.9%	—	—
Total Equity(including Noncontrolling Interest)	+15.2%	—	—

Income Statement

Revenue, expense, and profitability

22 accounts · 3 years

Revenue $12.7B

Operating income $1.9B

Net income $1.3B

Account	2024	2023	2022
IncomeStatement
Revenues net Sales/Revenue	-2.8%	—	—
Costs and Expenses Cost of Goods Sold	-7.2%	—	—
Costs and Expenses Selling General and Administrative Expense(sg&a)	-3.8%	—	—
Costs and Expenses Research and Development Expense	-0.9%	—	—
Costs and Expenses Advertising Expense	-0.8%	—	—
Costs and Expenses Depreciation Depletion and Amortization Expense	-12.4%	—	—
Costs and Expenses Asset Impairment Charges	—	—	—
Costs and Expenses Restructuring Charges	—	—	—
Costs and Expenses Pension and Other Postretirement Benefit Expense	-120.8%	—	—
Income From Equity Investments Income Loss From Equity Method Investments	+0.0%	—	—
Non Operating Income Expense Interest Expense	+2.6%	—	—
Non Operating Income Expense Other Non Operating Income(expense)	+156.8%	—	—
Income Before Tax Income Before Income Taxes	+59.0%	—	—
Income Tax Income Tax Expense(benefit)	+17.8%	—	—
net Income Operating Income(loss)	+24.5%	—	—
net Income net Income(loss)	+41.2%	—	—
net Income net Income(loss)Attributable To Noncontrolling Interest	+0.0%	—	—
Earnings Per Share Earnings Per Share Basic	+41.0%	—	—
Earnings Per Share Earnings Per Share Diluted	+40.6%	—	—
Earnings Per Share Weighted Average Shares Outstanding Diluted	-99.6%	—	—
Comprehensive Income Other Comprehensive Income(loss),Net of Tax	-11.5%	—	—
Comprehensive Income Comprehensive Income(loss),Net of Tax	+76.4%	—	—

Cash Flow Statement

Operating, investing, and financing flows

30 accounts · 3 years

Operating cash flow $1.8B

Investing cash flow $-750.0M

Financing cash flow $-607.0M

Account	2024	2023	2022
CashFlow
Operating Activities net Income	+41.2%	-0.9%	—
Operating Activities Depreciation Depletion and Amortization	-12.4%	—	—
Operating Activities Share Based Compensation	-1.0%	—	—
Operating Activities Deferred Income Tax Expense(benefit)	+165.8%	—	—
Operating Activities Equity Method Investment Income(loss)	+0.0%	—	—
Operating Activities Asset Impairment Charges	—	—	—
Operating Activities Restructuring Costs(non Cash)	—	—	—
Operating Activities Changes In Operating Assets and Liabilities	+143.8%	-124.7%	—
Operating Activities Other Non Cash Income/expense	+260.0%	—	—
Operating Activities net Cash From Operating Activities	+7.0%	-0.4%	—
Investing Activities Capital Expenditures	-7.2%	+38.7%	—
Investing Activities Purchases of Investments	—	—	—
Investing Activities Proceeds From Sale/maturity of Investments	—	—	—
Investing Activities Payments/proceeds From Other Investing Activities	-1200.0%	—	—
Investing Activities net Cash From Investing Activities	-33.5%	-25.4%	—
Financing Activities Proceeds From Issuance of Debt	+53.2%	—	—
Financing Activities Repayment of Debt	-16.0%	+20.4%	—
Financing Activities Proceeds From Issuance of Equity	+255.0%	—	—
Financing Activities Repurchase of Common Stock	-100.0%	-43.3%	—
Financing Activities Dividends Paid	-3.0%	+0.4%	—
Financing Activities Payments From/to Minority Shareholders	-70.8%	—	—
Financing Activities Proceeds From Payments For Other Financing Activities	+87.3%	—	—
Financing Activities net Cash From Financing Activities	+45.3%	-2.7%	—
Cash Reconciliation Effect of Exchange Rate On Cash	+750.0%	+101.8%	—
Cash Reconciliation net Change In Cash	+1780.0%	-292.3%	—
Supplemental Disclosures Income Taxes Paid	-24.2%	—	—
Supplemental Disclosures Interest Paid	+4.1%	—	—
Supplemental Disclosures Non Cash Investing&Financing Activities	-7.9%	—	—
Supplemental Disclosures Capital Expenditures Incurred But Not Yet Paid	+2.9%	—	—
Supplemental Disclosures Pension and Other Postretirement Benefit Contributions	+31.0%	—	—

Key Ratios

Margins, returns, liquidity, leverage, efficiency

Computed at import · 3 years

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

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Kellanova

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