Kimberly Clark Files Q3 2024 10-Q
Ticker: KMB · Form: 10-Q · Filed: Oct 22, 2024 · CIK: 55785
| Field | Detail |
|---|---|
| Company | Kimberly Clark CORP (KMB) |
| Form Type | 10-Q |
| Filed Date | Oct 22, 2024 |
| Risk Level | low |
| Pages | 16 |
| Reading Time | 19 min |
| Sentiment | neutral |
Sentiment: neutral
Topics: 10-Q, quarterly-report, consumer-goods
Related Tickers: KMB
TL;DR
KMB's Q3 2024 10-Q is in: financials updated, business as usual.
AI Summary
Kimberly Clark Corp. filed its 10-Q for the period ending September 30, 2024. The filing details financial performance and operational updates for the third quarter and the year-to-date. Key financial metrics and business segment information are provided, reflecting the company's ongoing activities in the consumer products sector.
Why It Matters
This filing provides investors and analysts with the latest financial performance data for Kimberly Clark, crucial for understanding the company's health and future prospects in the consumer goods market.
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
- 20240930 (date) — Period of Report
- 20241022 (date) — Filing Date
FAQ
What is the reporting period for this 10-Q filing?
The reporting period for this 10-Q filing is September 30, 2024.
When was this 10-Q filed with the SEC?
This 10-Q was filed on October 22, 2024.
What is Kimberly Clark Corp's Central Index Key (CIK)?
Kimberly Clark Corp's Central Index Key is 0000055785.
What is the company's primary business classification?
The company's primary business classification is CONVERTED PAPER & PAPERBOARD PRODS (NO CONTAINERS/BOXES) [2670].
What is the fiscal year end for Kimberly Clark Corp?
The fiscal year end for Kimberly Clark Corp is December 31.
Filing Stats: 4,847 words · 19 min read · ~16 pages · Grade level 17.5 · Accepted 2024-10-22 12:06:13
Filing Documents
- kmb-20240930.htm (10-Q) — 1322KB
- kmb10qq32024exhibit31a.htm (EX-31.A) — 10KB
- kmb10qq32024exhibit31b.htm (EX-31.B) — 11KB
- kmb10qq32024exhibit32a.htm (EX-32.A) — 5KB
- kmb10qq32024exhibit32b.htm (EX-32.B) — 5KB
- kmb-20240930_g1.jpg (GRAPHIC) — 68KB
- 0000055785-24-000094.txt ( ) — 5845KB
- kmb-20240930.xsd (EX-101.SCH) — 40KB
- kmb-20240930_cal.xml (EX-101.CAL) — 59KB
- kmb-20240930_def.xml (EX-101.DEF) — 192KB
- kmb-20240930_lab.xml (EX-101.LAB) — 423KB
- kmb-20240930_pre.xml (EX-101.PRE) — 309KB
- kmb-20240930_htm.xml (XML) — 710KB
– FINANCIAL INFORMATION
PART I – FINANCIAL INFORMATION 1
Financial Statements
Item 1. Financial Statements 1 UNAUDITED C ONDENSED CONSOLIDATED STATEMENTS OF INCOME FOR THE THREE AND NINE MONTHS ENDED SEPTEMBER 30, 2024 AND 2023 1 UNAUDITED CONDENSED CONSOLIDATED STATEMENTS OF COMPREHENSIVE INCOME FOR THE THREE AND NINE MONTHS ENDED SEPTEMBER 30, 2024 AND 2023 2 CON DENSED CON SOLIDATED BALANCE SHEETS AS OF SEPTEMBER 30, 2024 (UNAUDITED) AND DECEMBER 31, 2023 3 UNAUDITED CONDENSED CONSOLIDATED STATEMENTS OF STOCKHOLDERS' EQUITY FOR THE THREE AND NINE MONTHS ENDED SEPTEMBER 30, 2024 AND 2023 4 UNAUDITED CON DENSED CONSOLIDATED STATEMENTS OF CASH FLOWS FOR THE NINE MONTHS ENDED SEPTEMBER 30, 2024 AND 2023 6 NOTES TO THE UNAUDITED INTERIM CONDENSED 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 16
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 CONDENSED CONSOLIDATED STATEMENTS OF INCOME (Unaudited) Three Months Ended September 30 Nine Months Ended September 30 (In millions, except per share amounts) 2024 2023 2024 2023 Net Sales $ 4,952 $ 5,132 $ 15,130 $ 15,461 Cost of products sold 3,168 3,294 9,625 10,166 Gross Profit 1,784 1,838 5,505 5,295 Marketing, research and general expenses 1,097 1,029 3,202 2,968 Impairment of intangible assets 97 — 97 658 Other (income) and expense, net ( 564 ) 35 ( 456 ) ( 5 ) Operating Profit 1,154 774 2,662 1,674 Nonoperating expense ( 15 ) ( 20 ) ( 45 ) ( 78 ) Interest income 18 18 37 34 Interest expense ( 67 ) ( 74 ) ( 206 ) ( 223 ) Income Before Income Taxes and Equity Interests 1,090 698 2,448 1,407 Provision for income taxes ( 223 ) ( 157 ) ( 494 ) ( 298 ) Income Before Equity Interests 867 541 1,954 1,109 Share of net income of equity companies 48 50 172 143 Net Income 915 591 2,126 1,252 Net (income) loss attributable to noncontrolling interests ( 8 ) ( 4 ) ( 28 ) 3 Net Income Attributable to Kimberly-Clark Corporation $ 907 $ 587 $ 2,098 $ 1,255 Per Share Basis Net Income Attributable to Kimberly-Clark Corporation Basic $ 2.70 $ 1.74 $ 6.23 $ 3.71 Diluted $ 2.69 $ 1.73 $ 6.21 $ 3.70 See notes to the unaudited interim condensed consolidated financial statements. 1 KIMBERLY-CLARK CORPORATION AND SUBSIDIARIES CONDENSED CONSOLIDATED STATEMENTS OF COMPREHENSIVE INCOME (Unaudited) Three Months Ended September 30 Nine Months Ended September 30 (In millions) 2024 2023 2024 2023 Net Income $ 915 $ 591 $ 2,126 $ 1,252 Other Comprehensive Income (Loss), Net of Tax Unrealized currency translation adjustments 149 ( 144 ) ( 48 ) ( 103 ) Employee postretirement benefits ( 9 ) 1 12 17 Cash flow hedges and other ( 62 ) 111 58 80 Total Other Comprehensive Income (Loss), Net of Tax 78 ( 32 ) 22 ( 6 ) Comprehensive Income 993 559 2,148 1,246 Comprehensive (income) l