Company financials

Kellanova

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

                    Revenue
                    FY2024
                
$12.7B
                    3y CAGR +2.8%
                    
                    P38
                    
                    -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%
                    
                    P49
                    
                    +7.0%

18 yrs · FY2007–FY2024 8 filed · 1 derived · 0 blank

1Y 3Y 5Y 10Y

Dollars % of revenue % of assets YoY % CAGR

Balance Sheet

Assets, liabilities, and equity

30 accounts · 3 years

Total assets $15.6B

Total liabilities ~$11.9B

Shareholders equity $3.8B

Account	2024	2023	2022
Assets
Cash and Cash Equivalents	$694.0M 153.3%	$274.0M -8.4%	$299.0M
Accounts Receivable	$1.5B -2.9%	$1.6B 2.3%	$1.5B
Inventory	$1.2B -6.3%	$1.2B -7.2%	$1.3B
Other Current Assets	$373.0M 52.2%	$245.0M -75.9%	$1.0B
Total Current Assets	$3.8B 12.7%	$3.3B -20.4%	$4.2B
Property,Plant and Equipment	$3.2B 0.7%	$3.2B 3.9%	$3.1B
Operating Lease Assets	$601.0M -9.1%	$661.0M 8.4%	$610.0M
Goodwill	$5.0B -3.0%	$5.2B -4.1%	$5.4B
Intangible Assets	$1.8B -8.8%	$1.9B -13.8%	$2.2B
Long Term Investments	$99.0M -46.2%	$184.0M -57.4%	$432.0M
Other Noncurrent Assets	$1.2B 2.9%	$1.1B -55.3%	$2.6B
Total Assets	$15.6B 0.0%	$15.6B -15.5%	$18.5B
Liabilities
Accounts Payable	$2.2B -3.4%	$2.3B -9.9%	$2.6B
Accrued Liabilities	$870.0M -16.7%	$1.0B 1.7%	$1.0B
Current Portion of Long Term Debt	$745.0M -5.0%	$784.0M -37.1%	$1.2B
Operating Lease Liabilities	$134.0M 10.7%	$121.0M 2.5%	$118.0M
Other Current Liabilities	$675.0M -15.3%	$797.0M -42.6%	$1.4B
Total Current Liabilities	$4.7B -7.9%	$5.1B -20.3%	$6.3B
Long Term Debt	$5.0B -2.0%	$5.1B -3.8%	$5.3B
Operating Lease Liabilities Noncurrent	$465.0M -12.6%	$532.0M 10.4%	$482.0M
Deferred Tax Liabilities	$541.0M 8.9%	$497.0M -29.7%	$707.0M
Other Noncurrent Liabilities	$1.1B 0.7%	$1.1B -15.2%	$1.3B
Equity
Common Stock	$105.0M 0.0%	$105.0M 0.0%	$105.0M
Additional Paid In Capital	$1.1B 1.8%	$1.1B 3.1%	$1.1B
Retained Earnings	$9.4B 6.3%	$8.8B -4.3%	$9.2B
Treasury Stock	$4.5B -5.4%	$4.8B 1.5%	$4.7B
Accumulated Other Comprehensive Income	$-2.3B -11.5%	$-2.0B -19.5%	$-1.7B
Total Stockholders Equity	$3.8B 18.9%	$3.2B -19.4%	$3.9B
Noncontrolling Interest	$107.0M -44.8%	$194.0M -55.3%	$434.0M
Total Liabilitiesand Equity	$15.6B 0.0%	$15.6B -15.5%	$18.5B

Income Statement

Revenue, expense, and profitability

12 accounts · 3 years

Revenue $12.7B

Operating income $1.9B

Net income $1.3B

Account	2024	2023	2022
IncomeStatement
Revenues Total Revenue	$12.7B -2.8%	$13.1B 3.7%	$12.7B
Expenses Cost of Revenue	$8.2B -7.2%	$8.8B 0.0%	$8.8B
Expenses Selling,General and Administrative	$2.7B -3.8%	$2.8B 6.8%	$2.6B
Other Income Expense Operating Income	$1.9B 24.5%	$1.5B 24.3%	$1.2B
Other Income Expense Interest Expense	$311.0M 2.6%	$303.0M 50.7%	$201.0M
Other Income Expense Other Income/expense	$92.0M 156.8%	$-162.0M -50.0%	$-108.0M
Other Income Expense Income Before Tax	$1.7B 59.0%	$1.0B 15.3%	$902.0M
Income Tax Income Tax Expense	$304.0M 17.8%	$258.0M 43.3%	$180.0M
net Income Other Items Below Tax	$-7.0M -104.1%	$169.0M -29.0%	$238.0M
net Income net Income	$1.3B 41.2%	$951.0M -0.9%	$960.0M
net Income Comprehensive Income	$1.1B 76.4%	$628.0M -35.5%	$973.0M
Earnings Per Share Diluted Eps	$4 40.6%	$3 -1.1%	$3

Cash Flow Statement

Operating, investing, and financing flows

21 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	$1.4B 40.7%	$964.0M 0.2%	$962.0M
Operating Activities Depreciation and Amortization	$367.0M -12.4%	$419.0M -12.3%	$478.0M
Operating Activities Stock Based Compensation	$89.0M -6.3%	$95.0M -1.0%	$96.0M
Operating Activities Deferred Income Taxes	$24.0M 214.3%	$-21.0M 54.3%	$-46.0M
Operating Activities Changes In Operating Assets and Liabilities	$-181.0M -854.2%	$24.0M 271.4%	$-14.0M
Operating Activities Other Non Cash Items	$105.0M -36.0%	$164.0M -6.3%	$175.0M
Operating Activities net Cash From Operating Activities	$1.8B 7.0%	$1.6B -0.4%	$1.7B
Investing Activities Capital Expenditures	$-628.0M 7.2%	$-677.0M -38.7%	$-488.0M
Investing Activities Purchases of Investments	$-350.0M -2233.3%	$-15.0M 11.8%	$-17.0M
Investing Activities Proceeds From Sale of Investments	$209.0M 226.6%	$64.0M 236.8%	$19.0M
Investing Activities Other Investing Activities	$19.0M -71.2%	$66.0M 73.7%	$38.0M
Investing Activities net Cash From Investing Activities	$-750.0M -33.5%	$-562.0M -25.4%	$-448.0M
Financing Activities Proceeds From Debt	$646.0M 47.2%	$439.0M 555.2%	$67.0M
Financing Activities Repayment of Debt	$-682.0M 41.3%	$-1.2B -235.5%	$-346.0M
Financing Activities Repurchase of Common Stock	$0 100.0%	$-170.0M 43.3%	$-300.0M
Financing Activities Dividends Paid	$-776.0M 3.0%	$-800.0M -0.4%	$-797.0M
Financing Activities Proceeds From Stock Issuance	$213.0M 255.0%	$60.0M -78.3%	$277.0M
Financing Activities Other Financing Activities	$-8.0M -101.5%	$522.0M 2800.0%	$18.0M
Financing Activities net Cash From Financing Activities	$-607.0M 45.3%	$-1.1B -2.7%	$-1.1B
Cash Reconciliation Effect of Exchange Rate On Cash	$17.0M 750.0%	$2.0M 101.8%	$-109.0M
Cash Reconciliation net Change In Cash	$420.0M 1780.0%	$-25.0M -292.3%	$13.0M

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%	-1.6%	-2.3%
Returns
ROE	+35.6%	+30.0%	+24.4%
ROA	+8.6%	+6.1%	+5.2%
ROIC	+17.3%	+12.9%	+9.5%
Liquidity
Current ratio	0.81x	0.66x	0.66x
Quick ratio	0.48x	0.36x	0.29x
Leverage
D/E	3.14x	3.92x	3.69x
Interest coverage	6.02x	4.97x	6.02x
Efficiency
Asset turnover	0.82x	0.84x	0.68x
Cash conversion cycle	-4d	-1d	-7d

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FY2024 fundamentals · no price

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Kellanova

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