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Based on theKellogg's Annual Report what is the balance sheet and calculate the following: How much did cash increase over the last two years? Kellogg

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Based on theKellogg's Annual Report what is the balance sheet and calculate the following: How much did cash increase over the last two years?

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Kellogg Company and Subsidiaries CONSOLIDATED STATEMENT OF COMPREHENSIVE INCOME 2019 2018 2017 Tax Pre-tax (expense) After-tax Pre-tax Tax Tax (expense) After-tax Pre-tax expense) After-tax (millions) amount benefit amount amount benefit amount amount benefit amount Net income $ 977 $ 1,344 $ 1,254 Other comprehensive income: Foreign currency translation adjustments $ 100 $ (19) 81 5 $ (53) (48) $ (34) $ 113 79 Cash flow hedges Unrealized gain (loss) on cash flow edges (1) Reclassification to net income 1 ) W (1) (2) ON (3 ) Postretirement and postemployment benefits: Amounts arising during the period: Net experience gain (loss) (16) 5 (11) 18 - 1 (7 ) 44 (12 ) 32 Prior service credit (cost) 3 (1) N 1 - Reclassification to net income: Net experience (gain) loss (5 1 (4) (5) 1 (4 ) Prior service (credit) cost (1) - (1 ) - - 1 Available-for-sale securities: Unrealized gain (loss) 4 - Reclassification to net income (4 A - - (4) 1 1 Other comprehensive income (loss) $ 90 $ (16) $ 74 $ 4 $ (54 ) $ (50) $ 20 $ 98 $ 118 Comprehensive income $ 1,051 $ 1,294 $ 1,372 Net income (loss) attributable to noncontrolling interests 17 8 Other comprehensive income (loss) attributable to noncontrolling interests (7) Comprehensive income attributable to Kellogg Company $ 1,034 $ 1,293 $ 1,372 Refer to Notes to Consolidated Financial Statements. 55Kellogg Company and Subsidiaries CONSOLIDATED BALANCE SHEET (millions, except share data) 2019 2018 Current assets Cash and cash equivalents $ 397 $ 321 Accounts receivable, net 1,576 1,375 Inventories 1,226 1,330 Other current assets 232 131 Total current assets 3,431 3, 157 Property, net 3,612 3,731 Operating lease right-of-use assets 541 Goodwill 5,861 6,050 Other intangibles, net 2,576 3,36 Investment in unconsolidated entities 404 413 Other assets 1,139 1,068 Total assets $ 7,564 $ 7,780 Current liabilities Current maturities of long-term debt $ 620 $ 510 Notes payable 107 176 Accounts payable 2,387 2,42 Current operating lease liabilities 114 Other current liabilities 1,550 1,416 Total current liabilities 4,778 4,529 Long-term debt 7, 195 8,207 Operating lease liabilities 433 Deferred income taxes 596 730 Pension liability 705 651 Other liabilities 543 504 Commitments and contingencies Equity Common stock, $.25 par value, 1,000,000,000 shares authorized Issued: 420,829,201 shares in 2019 and 420,666,780 shares in 2018 105 105 Capital in excess of par value 921 895 Retained earnings 7,859 7,652 Treasury stock, at cost 79,286, 171 shares in 2019 and 76,801,314 shares in 2018 (4,690) (4,551) Accumulated other comprehensive income (loss (1,448) (1,500) Total Kellogg Company equity 2,747 2,601 Noncontrolling interests 567 558 Total equity 3,314 3, 159 Total liabilities and equity $ 7,564 $ 17,780 Refer to Notes to Consolidated Financial Statements. 56Kellogg Company and Subsidiaries CONSOLIDATED STATEMENT OF EQUITY Common stock Treasury stock Capital in Accumulated Total other Kellogg Non- (millions) shares amount excess of par value Retained earnings shares amount comprehensive income (loss) Company equity ontrolling interests Total equity Balance, December 31, 2016 420 $ 105 $ 806 $ 6,552 69 $ (3,997) $ (1,575) $ 1,891 $ 6 $ 1,907 Common stock repurchases (516) (516) (516) Net income (loss) 1,254 1,254 1,254 Dividends declared ($2.12 per share) (736) (736) (736) Other comprehensive income (loss) 1 18 118 118 Stock compensation 56 66 66 Stock options exercised and other 6 (1) (1) 96 101 101 Balance, December 30, 2017 421 $ 105 $ 878 $ 7.069 75 $ (4,417) $ (1,457) $ 2, 178 $ 16 $ 2, 194 Common stock repurchases 5 (320) (320) (320) Net income (loss) 1,336 1,336 8 1.344 Acquisition of noncontrolling nterest 552 552 Dividends declared ($2.20 per share) (762) (762) (762) Distributions to noncontrolling interest (11) (11) Other comprehensive income (loss) (43) (43) ( 7 ) (50 ) Stock compensation 59 59 59 Stock options exercised and other (42) 9 (3) 186 153 153 Balance, December 29, 2018 421 $ 105 $ 895 $ 7,652 77 $ (4,551) $ (1,500) $ 2,601 $ 558 $ 3, 159 Common stock repurchases (220) (220) (220) Net income (loss 960 960 17 977 Sale of subsidiary shares to noncontrolling interest Dividends declared ($2.26 per share) (769) (769) Distributions to noncontrolling 1 - (769) interest (9 ) (9) Other comprehensive income (loss) 74 74 74 Reclassification of tax effects elating to U.S. tax reform 22 (22) - - Stock compensation 56 56 56 Stock options exercised and other (30) (6) (2) 81 45 Balance, December 28, 2019 421 $ 105 $ 921 $ 7,859 79 $ (4,690) $ (1, 448 ) $ 2,747 $ 567 $ 3,314 Refer to Notes to Consolidated Financial Statements. 57Kellogg Company and Subsidiaries CONSOLIDATED STATEMENT OF CASH FLOWS (millions) Operating activities Net income Adjustments to reconcile net income to operating cash flows: Depreciation and amortization Postretirement benet plan expense (benefit) Deferred income taxes Stock compensation Multl-employer pension plan exit liability Gain from unconsolidated entities, net Noncurrent income taxes payable Other Tax payment related to divestitures Postretirement benefit plan contributions Changes in operating assets and liabilities, net of acquisitions: Trade receivables Inventories Accounts payable All other current assets and liabilities Net cash provided by (used in) operating acti ities Investing activities Additions to properties Collections of deferred purchase price on securitized trade receivables Acquisitions, net of cash acquired Divestiture Investments in unconsolidated entities Acquisition of cost method investments Purchases of available for sale securities Sales of available for sale securities Other Net cash provided by (used in) investing activities Financing activities Net increase (reduction) of notes payable, with maturities less than or equal to 90 days lssuanoes of notes payable, with maturities greater than 90 days Reductions of notes payable, with maturities greater than 90 days Issuanoes of long-term debt Reductions of long-term debt Debt redemption costs Net issuances of common stock Common stock repurchases Cash dividends Other Net cash provided by (used in) financing activities Effect of exchange rate changes on cash and cash equivalents Increase (decrease) in cash and cash equivalents Cash and cash equivalents at beginning of period Cash and cash equivalents at end of period Supplemental cash flow disclosures: Interest paid Income taxes paid Supplemental cash flow disclosures of non-cash investing activities: Beneficial interests obtained in exchange for securitized trade receivables Additions to properties included in accounts payable Refer to Notes to Consolidated Financial Statements. 58 2019 $ 977 484 (89) 47 56 132 (35) (1) (255) (28) (145) 2 (9) 40 $ 1,176 $ (586) (8) 1 ,332 (1) (18) 33 (28) $ 774 (18) 62 (39) so (1 ,009) (17) 64 (220) (769) (9) $ (1 ,905) 31 s 76 321 s 397 284 537 9969 128 $ $ $ $ $ $ 2018 1 ,344 516 170 46 59 7 (200) (23) (47) (287) 76 (86) 1 15 (154) 1,536 (578) (28) (389) (8) 55 (948) (264) 62 (23) 993 (408) 167 (320) (762) (11) (566) 18 40 281 321 280 188 162 $ $ $ 6899 2017 1,254 481 (427) (58) 66 26 144 1 (44) (1,300) 80 193 (13) 403 (501 ) 1 ,243 (592) (7) 6 149 153 1 7 (238) 1 ,251 (632) 97 (51 6) (736) (604) 53 1 280 281 258 352 1,222 151

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