Overview of Financial Statements
Financial statements are records that provide an overview of a company's financial performance and position. There are three main types of financial statements:
- Income Statement: Shows the company's revenue, expenses, and profit over a specific period.
- Balance Sheet: Provides a snapshot of the company's assets, liabilities, and equity at a specific point in time.
- Cash Flow Statement: Details the cash inflows and outflows from operating, investing, and financing activities over a period.
This page presents both annual and quarterly data for these financial statements. The charts below provide a visual representation of the key metrics from each statement, helping you to quickly understand the financial health of Kenvue.
Income Statement
| Breakdown | December 29, 2024 | December 31, 2023 | December 31, 2022 | December 31, 2021 | December 31, 2020 | December 31, 2019 |
|---|---|---|---|---|---|---|
| Revenue | $15.46B | $15.44B | $14.95B | $15.05B | $14.47B | $14.32B |
| Cost of Revenue | $6.50B | $6.80B | $6.67B | $6.63B | $6.62B | $6.66B |
| Gross Profit | $8.96B | $8.64B | $8.29B | $8.42B | $7.85B | $7.66B |
| Gross Profit Ratio | 57.97% | 56.00% | 55.42% | 55.90% | 54.25% | 53.49% |
| Research and Development Expenses | $- | $399.00M | $375.00M | $355.00M | $320.00M | $391.00M |
| General and Administrative Expenses | $- | $4.33B | $4.28B | $4.02B | $3.73B | $3.94B |
| Selling and Marketing Expenses | $- | $1.35B | $1.36B | $1.46B | $1.23B | $1.26B |
| Selling General and Administrative Expenses | $6.33B | $5.68B | $5.63B | $5.48B | $4.96B | $5.20B |
| Other Expenses | $789.00M | $50.00M | $4.00M | $25.00M | $3.00M | $59.00M |
| Operating Expenses | $7.12B | $6.13B | $5.62B | $5.41B | $4.86B | $5.26B |
| Cost and Expenses | $13.61B | $12.93B | $12.28B | $12.04B | $11.48B | $11.93B |
| Interest Income | $- | $108.00M | $- | $- | $- | $- |
| Interest Expense | $378.00M | $358.00M | $- | $- | $- | $- |
| Depreciation and Amortization | $- | $627.00M | $644.00M | $731.00M | $746.00M | $709.00M |
| EBITDA | $1.84B | $3.17B | $3.64B | $3.87B | $3.79B | $3.28B |
| EBITDA Ratio | 11.91% | 20.56% | 22.39% | 25.61% | 53.51% | 25.98% |
| Operating Income | $1.84B | $2.51B | $2.67B | $2.92B | $-979.00M | $1.85B |
| Operating Income Ratio | 11.91% | 16.27% | 17.89% | 19.40% | -6.77% | 12.89% |
| Total Other Income Expenses Net | $-426.00M | $-322.00M | $-38.00M | $5.00M | $-37.00M | $274.00M |
| Income Before Tax | $1.42B | $2.19B | $2.64B | $2.92B | $-1.02B | $2.12B |
| Income Before Tax Ratio | 9.16% | 14.18% | 17.64% | 19.43% | -7.02% | 14.80% |
| Income Tax Expense | $385.00M | $526.00M | $550.00M | $894.00M | $-137.00M | $685.00M |
| Net Income | $1.03B | $1.66B | $2.06B | $2.08B | $-879.00M | $1.44B |
| Net Income Ratio | 6.66% | 10.77% | 13.81% | 13.80% | -6.08% | 10.02% |
| EPS | $0.54 | $0.90 | $1.08 | $1.08 | $-0.47 | $0.76 |
| EPS Diluted | $0.54 | $0.87 | $1.08 | $1.08 | $-0.47 | $0.76 |
| Weighted Average Shares Outstanding | 1.92B | 1.85B | 1.91B | 1.89B | 1.89B | 1.89B |
| Weighted Average Shares Outstanding Diluted | 1.92B | 1.92B | 1.91B | 1.89B | 1.89B | 1.89B |
| SEC Filing | Source | Source | Source | Source | Source | Source |
Balance Sheet
| Breakdown | December 29, 2024 | December 31, 2023 | December 31, 2022 | December 31, 2021 | December 31, 2020 | December 31, 2019 |
|---|---|---|---|---|---|---|
| Cash and Cash Equivalents | $1.07B | $1.38B | $1.23B | $740.00M | $618.00M | $- |
| Short Term Investments | $- | $- | $- | $- | $- | $- |
| Cash and Short Term Investments | $1.07B | $1.38B | $1.23B | $740.00M | $618.00M | $- |
| Net Receivables | $2.66B | $2.07B | $2.12B | $2.07B | $1.86B | $- |
| Inventory | $1.59B | $1.85B | $2.23B | $1.70B | $1.69B | $- |
| Other Current Assets | $205.00M | $814.00M | $459.00M | $411.00M | $434.00M | $- |
| Total Current Assets | $5.53B | $6.14B | $5.88B | $4.93B | $4.59B | $- |
| Property Plant Equipment Net | $1.85B | $2.18B | $1.82B | $1.83B | $1.96B | $- |
| Goodwill | $8.84B | $9.27B | $9.19B | $9.81B | $10.33B | $- |
| Intangible Assets | $8.47B | $9.62B | $9.85B | $10.70B | $11.61B | $- |
| Goodwill and Intangible Assets | $17.32B | $18.89B | $19.04B | $20.51B | $21.94B | $- |
| Long Term Investments | $- | $71.00M | $66.00M | $74.00M | $122.00M | $- |
| Tax Assets | $184.00M | $158.00M | $147.00M | $189.00M | $193.00M | $- |
| Other Non-Current Assets | $726.00M | $413.00M | $368.00M | $401.00M | $374.00M | $- |
| Total Non-Current Assets | $20.08B | $21.71B | $21.44B | $23.00B | $24.58B | $- |
| Other Assets | $- | $- | $- | $- | $- | $- |
| Total Assets | $25.60B | $27.85B | $27.32B | $27.93B | $29.18B | $- |
| Account Payables | $2.25B | $2.49B | $1.83B | $1.83B | $1.58B | $- |
| Short Term Debt | $1.55B | $643.00M | $35.00M | $47.00M | $- | $- |
| Tax Payables | $74.00M | $142.00M | $329.00M | $357.00M | $393.00M | $- |
| Deferred Revenue | $- | $- | $- | $-129.00M | $-160.00M | $- |
| Other Current Liabilities | $1.86B | $2.21B | $1.73B | $1.81B | $5.52B | $- |
| Total Current Liabilities | $5.74B | $5.48B | $3.93B | $4.04B | $7.49B | $- |
| Long Term Debt | $7.05B | $7.78B | $9.01B | $82.00M | $160.00M | $- |
| Deferred Revenue Non-Current | $- | $- | $214.00M | $-82.00M | $-160.00M | $- |
| Deferred Tax Liabilities Non-Current | $2.26B | $2.62B | $2.43B | $2.43B | $1.76B | $- |
| Other Non-Current Liabilities | $878.00M | $754.00M | $-8.07B | $976.00M | $1.41B | $- |
| Total Non-Current Liabilities | $10.19B | $11.16B | $3.37B | $3.49B | $3.33B | $- |
| Other Liabilities | $- | $- | $- | $- | $- | $- |
| Total Liabilities | $15.93B | $16.64B | $7.29B | $7.53B | $10.82B | $- |
| Preferred Stock | $- | $- | $- | $- | $- | $- |
| Common Stock | $19.00M | $19.00M | $19.00M | $24.87B | $21.93B | $- |
| Retained Earnings | $-93.00M | $429.00M | $- | $- | $- | $- |
| Accumulated Other Comprehensive Income Loss | $-6.15B | $-5.38B | $-5.45B | $-4.47B | $-3.57B | $- |
| Other Total Stockholders Equity | $15.89B | $16.14B | $-25.43B | $- | $- | $- |
| Total Stockholders Equity | $9.67B | $11.21B | $20.02B | $20.40B | $18.36B | $- |
| Total Equity | $9.67B | $11.21B | $20.02B | $20.40B | $18.36B | $- |
| Total Liabilities and Stockholders Equity | $25.60B | $27.85B | $27.32B | $27.93B | $29.18B | $- |
| Minority Interest | $- | $- | $- | $- | $- | $- |
| Total Liabilities and Total Equity | $25.60B | $27.85B | $27.32B | $27.93B | $29.18B | $- |
| Total Investments | $- | $71.00M | $66.00M | $74.00M | $122.00M | $- |
| Total Debt | $8.61B | $8.43B | $116.00M | $258.00M | $320.00M | $- |
| Net Debt | $7.54B | $7.04B | $-1.11B | $-482.00M | $-298.00M | $- |
Cash Flow Statement
| Breakdown | December 29, 2024 | December 31, 2023 | December 31, 2022 | December 31, 2021 | December 31, 2020 | December 31, 2019 |
|---|---|---|---|---|---|---|
| Net Income | $1.03B | $1.66B | $2.09B | $2.03B | $-879.00M | $1.44B |
| Depreciation and Amortization | $622.00M | $627.00M | $644.00M | $731.00M | $746.00M | $709.00M |
| Deferred Income Tax | $-285.00M | $-114.00M | $157.00M | $568.00M | $-801.00M | $97.00M |
| Stock Based Compensation | $254.00M | $188.00M | $137.00M | $141.00M | $115.00M | $102.00M |
| Change in Working Capital | $- | $797.00M | $-513.00M | $-3.13B | $4.24B | $804.00M |
| Accounts Receivables | $-218.00M | $44.00M | $-142.00M | $-303.00M | $265.00M | $40.00M |
| Inventory | $182.00M | $349.00M | $-582.00M | $-77.00M | $109.00M | $180.00M |
| Accounts Payables | $-536.00M | $390.00M | $52.00M | $330.00M | $154.00M | $3.00M |
| Other Working Capital | $- | $14.00M | $159.00M | $-3.08B | $3.71B | $581.00M |
| Other Non Cash Items | $148.00M | $6.00M | $13.00M | $-5.00M | $-26.00M | $-149.00M |
| Net Cash Provided by Operating Activities | $1.77B | $3.17B | $2.52B | $334.00M | $3.40B | $3.00B |
| Investments in Property Plant and Equipment | $-434.00M | $-469.00M | $-375.00M | $-295.00M | $-229.00M | $-289.00M |
| Acquisitions Net | $- | $21.00M | $-10.00M | $136.00M | $176.00M | $-1.85B |
| Purchases of Investments | $- | $- | $-5.00M | $-12.00M | $-30.00M | $-20.00M |
| Sales Maturities of Investments | $- | $- | $8.00M | $77.00M | $-146.00M | $-63.00M |
| Other Investing Activities | $9.00M | $-40.00M | $-8.00M | $-77.00M | $146.00M | $63.00M |
| Net Cash Used for Investing Activities | $-425.00M | $-488.00M | $-390.00M | $-171.00M | $-83.00M | $-2.15B |
| Debt Repayment | $159.00M | $8.25B | $14.00M | $-7.00M | $-11.00M | $-40.00M |
| Common Stock Issued | $- | $4.24B | $- | $- | $- | $- |
| Common Stock Repurchased | $-235.00M | $- | $- | $- | $- | $- |
| Dividends Paid | $-1.55B | $-14.55B | $- | $- | $- | $- |
| Other Financing Activities | $63.00M | $-460.00M | $-1.60B | $7.00M | $-3.45B | $-645.00M |
| Net Cash Used Provided by Financing Activities | $-1.56B | $-2.53B | $-1.58B | $- | $-3.46B | $-685.00M |
| Effect of Forex Changes on Cash | $-91.00M | $-2.00M | $-61.00M | $-41.00M | $9.00M | $-11.00M |
| Net Change in Cash | $-312.00M | $151.00M | $491.00M | $122.00M | $-134.00M | $147.00M |
| Cash at End of Period | $1.07B | $1.38B | $1.23B | $740.00M | $618.00M | $752.00M |
| Cash at Beginning of Period | $1.38B | $1.23B | $740.00M | $618.00M | $752.00M | $605.00M |
| Operating Cash Flow | $1.77B | $3.17B | $2.52B | $334.00M | $3.40B | $3.00B |
| Capital Expenditure | $-434.00M | $-469.00M | $-375.00M | $-295.00M | $-229.00M | $-289.00M |
| Free Cash Flow | $1.33B | $2.70B | $2.15B | $39.00M | $3.17B | $2.71B |