Kimberly-Clark Files 10-Q for Q2 2024
Ticker: KMB · Form: 10-Q · Filed: Jul 23, 2024 · CIK: 55785
| Field | Detail |
|---|---|
| Company | Kimberly Clark CORP (KMB) |
| Form Type | 10-Q |
| Filed Date | Jul 23, 2024 |
| Risk Level | low |
| Pages | 16 |
| Reading Time | 20 min |
| Sentiment | neutral |
Sentiment: neutral
Topics: 10-Q, quarterly-report, financials
Related Tickers: KMB
TL;DR
KMB 10-Q filed. Q2 2024 financials out.
AI Summary
Kimberly-Clark Corporation filed its 10-Q for the period ending June 30, 2024. The filing details financial performance and operational updates for the second quarter of 2024. Key financial data and disclosures relevant to investors are presented.
Why It Matters
This filing provides investors with the latest financial performance data for Kimberly-Clark, crucial for understanding the company's health and making informed investment decisions.
Risk Assessment
Risk Level: low — This is a routine quarterly filing providing standard financial disclosures.
Key Players & Entities
- KIMBERLY CLARK CORP (company) — Filer
- 0000055785 (company) — Central Index Key
- 20240630 (date) — Period of Report
- 20240723 (date) — Filing Date
- 351 PHELPS DRIVE (address) — Business Street Address
- IRVING (location) — Business City
- TX (location) — Business State
- 75038 (zip_code) — Business Zip Code
- 9722811200 (phone_number) — Business Phone
FAQ
What is the reporting period for this 10-Q filing?
The Conformed Period of Report is 20240630, indicating the filing covers the period ending June 30, 2024.
When was this 10-Q filed with the SEC?
The filing date (Filed as of Date) is 20240723.
What is Kimberly Clark Corp's Central Index Key (CIK)?
Kimberly Clark Corp's Central Index Key is 0000055785.
What is the business address of Kimberly Clark Corp?
The business address is 351 PHELPS DRIVE, IRVING, TX 75038.
What is the fiscal year end for Kimberly Clark Corp?
The fiscal year end is 1231, meaning December 31st.
Filing Stats: 4,925 words · 20 min read · ~16 pages · Grade level 17.3 · Accepted 2024-07-23 09:24:27
Filing Documents
- kmb-20240630.htm (10-Q) — 1322KB
- kmbex10qprsuawardagreement.htm (EX-10.Q) — 353KB
- kmbex10roff-cycletimexvest.htm (EX-10.R) — 356KB
- kmbex10tannualtime-vestedr.htm (EX-10.T) — 354KB
- kmb10qq22024exhibit31a.htm (EX-31.A) — 10KB
- kmb10qq22024exhibit31b.htm (EX-31.B) — 11KB
- kmb10qq22024exhibit32a.htm (EX-32.A) — 5KB
- kmb10qq22024exhibit32b.htm (EX-32.B) — 5KB
- kmb-20240630_g1.jpg (GRAPHIC) — 68KB
- 0000055785-24-000085.txt ( ) — 7154KB
- kmb-20240630.xsd (EX-101.SCH) — 41KB
- kmb-20240630_cal.xml (EX-101.CAL) — 59KB
- kmb-20240630_def.xml (EX-101.DEF) — 196KB
- kmb-20240630_lab.xml (EX-101.LAB) — 428KB
- kmb-20240630_pre.xml (EX-101.PRE) — 311KB
- kmb-20240630_htm.xml (XML) — 705KB
– FINANCIAL INFORMATION
PART I – FINANCIAL INFORMATION 1
Financial Statements
Item 1. Financial Statements 1 UNAUDITED CONSOLIDATED STATEMENT S OF INCOME FOR THE THREE AND SIX MONTHS ENDED JUNE 3 0 , 2024 AND 2023 1 UNAUDITED CONSOLIDATED STATEMENTS OF COMPREHENSIVE INCOME FOR THE THREE AND SIX MONTHS ENDED JUNE 3 0 , 2024 AND 2023 2 CONSOLIDATED BALANCE SHEETS AS OF JUNE 3 0 , 2024 (UNAUDITED) AND DECEMBER 31, 2023 3 UNAUDITED CONSOLIDATED STATEMENTS OF STOCKHOLDERS' EQUITY FOR THE THREE AND SIX MONTHS ENDED JUNE 3 0 , 2024 AND 2023 4 UNAUDITED CONSOLIDATED STATEMENT S OF CASH FLOW S FOR THE SIX MONTHS ENDED JUNE 3 0 , 2024 AND 2023 6 NOTES TO THE UNAUDITED INTERIM CONSOLIDATED FINANCIAL STATEMENTS 7
Management's Discussion and Analysis of Financial Condition and Results of Operations
Item 2. Management's Discussion and Analysis of Financial Condition and Results of Operations 1 7
Controls and Procedures
Item 4. Controls and Procedures 27
– OTHER INFORMATION
PART II – OTHER INFORMATION 28
Unregistered Sales of Equity Securities and Use of Proceeds
Item 2. Unregistered Sales of Equity Securities and Use of Proceeds 28
Other Information
Item 5. Other Information 28
Exhibits
Item 6. Exhibits 29
– FINANCIAL INFORMATION
PART I – FINANCIAL INFORMATION
Financial Statements
Item 1. Financial Statements KIMBERLY-CLARK CORPORATION AND SUBSIDIARIES CONSOLIDATED STATEMENTS OF INCOME (Unaudited) Three Months Ended June 30 Six Months Ended June 30 (Millions of dollars, except per share amounts) 2024 2023 2024 2023 Net Sales $ 5,029 $ 5,134 $ 10,178 $ 10,329 Cost of products sold 3,219 3,403 6,457 6,872 Gross Profit 1,810 1,731 3,721 3,457 Marketing, research and general expenses 1,066 1,015 2,105 1,939 Impairment of intangible assets — 658 — 658 Other (income) and expense, net 89 ( 55 ) 108 ( 40 ) Operating Profit 655 113 1,508 900 Nonoperating expense ( 15 ) ( 42 ) ( 30 ) ( 58 ) Interest income 9 9 19 16 Interest expense ( 72 ) ( 76 ) ( 139 ) ( 149 ) Income Before Income Taxes and Equity Interests 577 4 1,358 709 (Provision for) benefit from income taxes ( 87 ) 32 ( 271 ) ( 141 ) Income Before Equity Interests 490 36 1,087 568 Share of net income of equity companies 63 50 124 93 Net Income 553 86 1,211 661 Net (income) loss attributable to noncontrolling interests ( 9 ) 16 ( 20 ) 7 Net Income Attributable to Kimberly-Clark Corporation $ 544 $ 102 $ 1,191 $ 668 Per Share Basis Net Income Attributable to Kimberly-Clark Corporation Basic $ 1.61 $ 0.30 $ 3.53 $ 1.98 Diluted $ 1.61 $ 0.30 $ 3.52 $ 1.97 See notes to the unaudited interim consolidated financial statements. 1 KIMBERLY-CLARK CORPORATION AND SUBSIDIARIES CONSOLIDATED STATEMENTS OF COMPREHENSIVE INCOME (Unaudited) Three Months Ended June 30 Six Months Ended June 30 (Millions of dollars) 2024 2023 2024 2023 Net Income $ 553 $ 86 $ 1,211 $ 661 Other Comprehensive Income (Loss), Net of Tax Unrealized currency translation adjustments ( 48 ) ( 52 ) ( 197 ) 41 Employee postretirement benefits 10 24 21 16 Cash flow hedges and other 57 47 120 ( 31 ) Total Other Comprehensive Income (Loss), Net of Tax 19 19 ( 56 ) 26 Comprehensive Income 572 105 1,155 687 Comprehensive (income) loss attributable to noncontrolling interests ( 6 ) 20 ( 14 ) 12 Com