Exhibit 99.1
KIMBERLY-CLARK CORPORATION AND SUBSIDIARIES
CONSOLIDATED INCOME STATEMENT
| 2004 | |||||||||||||||
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| (Millions of dollars, except per share amounts) | Nine Months Ended Sept. 30 | Third Quarter | Second Quarter | First Quarter | |||||||||||
| Net Sales | $ | 11,181.8 | $ | 3,783.0 | $ | 3,687.3 | $ | 3,711.5 | |||||||
| Cost of products sold | 7,432.2 | 2,543.9 | 2,432.5 | 2,455.8 | |||||||||||
| Gross Profit | 3,749.6 | 1,239.1 | 1,254.8 | 1,255.7 | |||||||||||
| Marketing, research and general expenses | 1,847.0 | 613.6 | 615.6 | 617.8 | |||||||||||
| Other (income) expense, net | 37.6 | 8.6 | 14.5 | 14.5 | |||||||||||
| Operating Profit | 1,865.0 | 616.9 | 624.7 | 623.4 | |||||||||||
| Nonoperating expense | (116.6 | ) | (26.4 | ) | (38.7 | ) | (51.5 | ) | |||||||
| Interest income | 12.7 | 4.7 | 4.0 | 4.0 | |||||||||||
| Interest expense | (120.5 | ) | (41.1 | ) | (40.7 | ) | (38.7 | ) | |||||||
| Income Before Income Taxes, Equity Interests and Discontinued Operations | 1,640.6 | 554.1 | 549.3 | 537.2 | |||||||||||
| Provision for income taxes | (358.2 | ) | (132.7 | ) | (118.2 | ) | (107.3 | ) | |||||||
| Share of net income of equity companies | 92.1 | 31.3 | 29.9 | 30.9 | |||||||||||
| Minority owners' share of subsidiaries' net income | (53.9 | ) | (18.8 | ) | (18.1 | ) | (17.0 | ) | |||||||
| Income From Continuing Operations | 1,320.6 | 433.9 | 442.9 | 443.8 | |||||||||||
| Income From Discontinued Operations, Net of Income Taxes | 34.3 | 7.4 | 11.4 | 15.5 | |||||||||||
| Net Income | $ | 1,354.9 | $ | 441.3 | $ | 454.3 | $ | 459.3 | |||||||
| Per Share Basis | |||||||||||||||
| Basic | |||||||||||||||
| Continuing operations | $ | 2.65 | $ | .88 | $ | .89 | $ | .88 | |||||||
| Discontinued operations | $ | .07 | $ | .02 | $ | .02 | $ | .04 | |||||||
| Net income | $ | 2.72 | $ | .90 | $ | .91 | $ | .92 | |||||||
| Diluted | |||||||||||||||
| Continuing operations | $ | 2.63 | $ | .87 | $ | .88 | $ | .88 | |||||||
| Discontinued operations | $ | .07 | $ | .02 | $ | .02 | $ | .03 | |||||||
| Net income | $ | 2.70 | $ | .89 | $ | .90 | $ | .91 | |||||||
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KIMBERLY-CLARK CORPORATION AND SUBSIDIARIES
CONSOLIDATED INCOME STATEMENT
| 2003 | ||||||||||||||||||||
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| (Millions of dollars, except per share amounts) | Year Ended Dec. 31 | Fourth Quarter | Third Quarter | Second Quarter | First Quarter | |||||||||||||||
| Net Sales | $ | 14,026.3 | $ | 3,623.1 | $ | 3,562.3 | $ | 3,464.2 | $ | 3,376.7 | ||||||||||
| Cost of products sold | 9,231.9 | 2,375.4 | 2,373.9 | 2,283.7 | 2,198.9 | |||||||||||||||
| Gross Profit | 4,794.4 | 1,247.7 | 1,188.4 | 1,180.5 | 1,177.8 | |||||||||||||||
| Marketing, research and general expenses | 2,350.3 | 611.8 | 583.1 | 573.3 | 582.1 | |||||||||||||||
| Other (income) expense, net | 112.5 | 34.7 | 21.3 | 21.0 | 35.5 | |||||||||||||||
| Operating Profit | 2,331.6 | 601.2 | 584.0 | 586.2 | 560.2 | |||||||||||||||
| Nonoperating expense | (105.5 | ) | (105.5 | ) | -- | -- | -- | |||||||||||||
| Interest income | 18.0 | 4.1 | 4.8 | 4.3 | 4.8 | |||||||||||||||
| Interest expense | (167.8 | ) | (39.6 | ) | (40.6 | ) | (44.6 | ) | (43.0 | ) | ||||||||||
| Income Before Income Taxes, Equity Interests and Discontinued Operations | 2,076.3 | 460.2 | 548.2 | 545.9 | 522.0 | |||||||||||||||
| Provision for income taxes | (484.1 | ) | (26.2 | ) | (150.3 | ) | (157.2 | ) | (150.4 | ) | ||||||||||
| Share of net income of equity companies | 107.0 | 28.8 | 21.9 | 30.3 | 26.0 | |||||||||||||||
| Minority owners' share of subsidiaries' net income | (55.6 | ) | (16.4 | ) | (12.6 | ) | (14.8 | ) | (11.8 | ) | ||||||||||
| Income From Continuing Operations | 1,643.6 | 446.4 | 407.2 | 404.2 | 385.8 | |||||||||||||||
| Income From Discontinued Operations, Net of Income Taxes | 50.6 | 13.1 | 12.5 | 13.1 | 11.9 | |||||||||||||||
| Net Income | $ | 1,694.2 | $ | 459.5 | $ | 419.7 | $ | 417.3 | $ | 397.7 | ||||||||||
| Per Share Basis | ||||||||||||||||||||
| Basic | ||||||||||||||||||||
| Continuing operations | $ | 3.24 | $ | .89 | $ | .80 | $ | .80 | $ | .76 | ||||||||||
| Discontinued operations | $ | .10 | $ | .02 | $ | .03 | $ | .02 | $ | .02 | ||||||||||
| Net income | $ | 3.34 | $ | .91 | $ | .83 | $ | .82 | $ | .78 | ||||||||||
| Diluted | ||||||||||||||||||||
| Continuing operations | $ | 3.23 | $ | .88 | $ | .80 | $ | .79 | $ | .75 | ||||||||||
| Discontinued operations | $ | .10 | $ | .03 | $ | .03 | $ | .03 | $ | .03 | ||||||||||
| Net income | $ | 3.33 | $ | .91 | $ | .83 | $ | .82 | $ | .78 | ||||||||||
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KIMBERLY-CLARK CORPORATION AND SUBSIDIARIES
CONSOLIDATED INCOME STATEMENT
| Year Ended December 31 | |||||||||||||||
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| (Millions of dollars, except per share amounts) | 2002 | 2001 | 2000 | ||||||||||||
| Net Sales | $ | 13,231.5 | $ | 12,923.6 | $ | 12,468.5 | |||||||||
| Cost of products sold | 8,537.7 | 8,349.8 | 7,944.6 | ||||||||||||
| Gross Profit | 4,693.8 | 4,573.8 | 4,523.9 | ||||||||||||
| Marketing, research and general expenses | 2,251.8 | 2,217.5 | 2,120.5 | ||||||||||||
| Other (income) expense, net | 73.7 | 83.4 | (104.5 | ) | |||||||||||
| Operating Profit | 2,368.3 | 2,272.9 | 2,507.9 | ||||||||||||
| Interest income | 15.7 | 17.8 | 24.0 | ||||||||||||
| Interest expense | (181.9 | ) | (191.4 | ) | (221.4 | ) | |||||||||
| Income Before Income Taxes, Equity Interests, Discontinued Operations and Cumulative Effect of Accounting Change | 2,202.1 | 2,099.3 | 2,310.5 | ||||||||||||
| Provision for income taxes | (629.9 | ) | (619.4 | ) | (710.0 | ) | |||||||||
| Share of net income of equity companies | 113.3 | 154.4 | 186.4 | ||||||||||||
| Minority owners' share of subsidiaries' net income | (58.1 | ) | (63.2 | ) | (63.4 | ) | |||||||||
| Income From Continuing Operations | 1,627.4 | 1,571.1 | 1,723.5 | ||||||||||||
| Income From Discontinued Operations, Net of Income Taxes | 58.6 | 38.8 | 77.1 | ||||||||||||
| Income Before Cumulative Effect of Accounting Change | 1,686.0 | 1,609.9 | 1,800.6 | ||||||||||||
| Cumulative effect of accounting change, net of income taxes | (11.4 | ) | -- | -- | |||||||||||
| Net Income | $ | 1,674.6 | $ | 1,609.9 | $ | 1,800.6 | |||||||||
| Per Share Basis | |||||||||||||||
| Basic | |||||||||||||||
| Continuing operations | $ | 3.15 | $ | 2.97 | $ | 3.19 | |||||||||
| Discontinued operations | $ | .11 | $ | .07 | $ | .15 | |||||||||
| Cumulative effect of accounting change | $ | (.02 | ) | $ | -- | $ | -- | ||||||||
| Net income | $ | 3.24 | $ | 3.04 | $ | 3.34 | |||||||||
| Diluted | |||||||||||||||
| Continuing operations | $ | 3.13 | $ | 2.95 | $ | 3.17 | |||||||||
| Discontinued operations | $ | .11 | $ | .07 | $ | .14 | |||||||||
| Cumulative effect of accounting change | $ | (.02 | ) | $ | -- | $ | -- | ||||||||
| Net income | $ | 3.22 | $ | 3.02 | $ | 3.31 | |||||||||
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