Exhibit 99.1
KIMBERLY-CLARK CORPORATION AND SUBSIDIARIES
CONSOLIDATED INCOME STATEMENT
(Unaudited)
|
| | | | | | | | | | | | | | | | |
| | | 2014 |
| (Millions of dollars, except per share amounts) | | Nine Months Ended September 30 | | Third Quarter | | Second Quarter | | First Quarter |
| | | | | | | | | |
| Net Sales | | $ | 14,896 |
| | $ | 5,056 |
| | $ | 4,953 |
| | $ | 4,887 |
|
| Cost of products sold | | 9,766 |
| | 3,291 |
| | 3,253 |
| | 3,222 |
|
| Gross Profit | | 5,130 |
| | 1,765 |
| | 1,700 |
| | 1,665 |
|
| Marketing, research and general expenses | | 2,738 |
| | 904 |
| | 938 |
| | 896 |
|
| Other (income) and expense, net | | 29 |
| | (16 | ) | | (13 | ) | | 58 |
|
| Operating Profit | | 2,363 |
| | 877 |
| | 775 |
| | 711 |
|
| Interest income | | 13 |
| | 5 |
| | 5 |
| | 3 |
|
| Interest expense | | (215 | ) | | (72 | ) | | (72 | ) | | (71 | ) |
| Income From Continuing Operations Before Income Taxes and Equity Interests | | 2,161 |
| | 810 |
| | 708 |
| | 643 |
|
| Provision for income taxes | | (681 | ) | | (260 | ) | | (225 | ) | | (196 | ) |
| Income From Continuing Operations Before Equity Interests | | 1,480 |
| | 550 |
| | 483 |
| | 447 |
|
| Share of net income of equity companies | | 113 |
| | 31 |
| | 39 |
| | 43 |
|
| Income From Continuing Operations | | 1,593 |
| | 581 |
| | 522 |
| | 490 |
|
| Income from discontinued operations, net of income taxes | | 65 |
| | 1 |
| | 8 |
| | 56 |
|
| Net Income | | 1,658 |
| | 582 |
| | 530 |
| | 546 |
|
| Net income attributable to noncontrolling interests in continuing operations | | (49 | ) | | (20 | ) | | (21 | ) | | (8 | ) |
| Net Income Attributable to Kimberly-Clark Corporation | | $ | 1,609 |
| | $ | 562 |
| | $ | 509 |
| | $ | 538 |
|
| | | | | | | | | |
| Per Share Basis | | | | | | | | |
| Net Income Attributable to Kimberly-Clark Corporation | | | | | | | | |
| Basic | | | | | | | | |
Continuing operations(a) | | $ | 4.11 |
| | $ | 1.50 |
| | $ | 1.33 |
| | $ | 1.27 |
|
| Discontinued operations | | 0.17 |
| | — |
| | 0.02 |
| | 0.15 |
|
| Rounding | | — |
| | 0.01 |
| | — |
| | — |
|
| Net income attributable to Kimberly-Clark Corporation | | $ | 4.28 |
| | $ | 1.51 |
| | $ | 1.35 |
| | $ | 1.42 |
|
| | | | | | | | | |
| Diluted | | | | | | | | |
Continuing operations(a) | | $ | 4.08 |
| | $ | 1.49 |
| | $ | 1.32 |
| | $ | 1.26 |
|
| Discontinued operations | | 0.17 |
| | — |
| | 0.02 |
| | 0.15 |
|
| Rounding | | — |
| | 0.01 |
| | 0.01 |
| | — |
|
Net income attributable to Kimberly-Clark Corporation(a) | | $ | 4.25 |
| | $ | 1.50 |
| | $ | 1.35 |
| | $ | 1.41 |
|
| | | | | | | | | |
| |
(a) | Year-to-date does not equal the sum of the quarterly amounts as a result of rounding. |
KIMBERLY-CLARK CORPORATION AND SUBSIDIARIES
CONSOLIDATED INCOME STATEMENT
(Unaudited)
|
| | | | | | | | | | | | | | | | | | | | |
| | | 2013 |
| (Millions of dollars, except per share amounts) | | Year Ended December 31 | | Fourth Quarter | | Third Quarter | | Second Quarter | | First Quarter |
| | | | | | | | | | | |
| Net Sales | | $ | 19,561 |
| | $ | 4,895 |
| | $ | 4,865 |
| | $ | 4,873 |
| | $ | 4,928 |
|
| Cost of products sold | | 12,952 |
| | 3,242 |
| | 3,226 |
| | 3,232 |
| | 3,252 |
|
| Gross Profit | | 6,609 |
| | 1,653 |
| | 1,639 |
| | 1,641 |
| | 1,676 |
|
| Marketing, research and general expenses | | 3,699 |
| | 915 |
| | 913 |
| | 928 |
| | 943 |
|
| Other (income) and expense, net | | 7 |
| | (7 | ) | | 8 |
| | (6 | ) | | 12 |
|
| Operating Profit | | 2,903 |
| | 745 |
| | 718 |
| | 719 |
| | 721 |
|
| Interest income | | 20 |
| | 4 |
| | 6 |
| | 5 |
| | 5 |
|
| Interest expense | | (282 | ) | | (71 | ) | | (73 | ) | | (71 | ) | | (67 | ) |
| Income From Continuing Operations Before Income Taxes and Equity Interests | | 2,641 |
| | 678 |
| | 651 |
| | 653 |
| | 659 |
|
| Provision for income taxes | | (828 | ) | | (221 | ) | | (194 | ) | | (212 | ) | | (201 | ) |
| Income From Continuing Operations Before Equity Interests | | 1,813 |
| | 457 |
| | 457 |
| | 441 |
| | 458 |
|
| Share of net income of equity companies | | 205 |
| | 48 |
| | 49 |
| | 55 |
| | 53 |
|
| Income From Continuing Operations | | 2,018 |
| | 505 |
| | 506 |
| | 496 |
| | 511 |
|
| Income from discontinued operations, net of income taxes | | 203 |
| | 53 |
| | 59 |
| | 51 |
| | 40 |
|
| Net Income | | 2,221 |
| | 558 |
| | 565 |
| | 547 |
| | 551 |
|
| Net income attributable to noncontrolling interests in continuing operations | | (79 | ) | | (19 | ) | | (19 | ) | | (21 | ) | | (20 | ) |
| Net Income Attributable to Kimberly-Clark Corporation | | $ | 2,142 |
| | $ | 539 |
| | $ | 546 |
| | $ | 526 |
| | $ | 531 |
|
| | | | | | | | | | | |
| Per Share Basis | | | | | | | | | | |
| Net Income Attributable to Kimberly-Clark Corporation | | | | | | | | | | |
| Basic | | | | | | | | | | |
Continuing operations(a) | | $ | 5.05 |
| | $ | 1.27 |
| | $ | 1.27 |
| | $ | 1.23 |
| | $ | 1.27 |
|
Discontinued operations(a) | | 0.53 |
| | 0.14 |
| | 0.15 |
| | 0.13 |
| | 0.10 |
|
| Rounding | | — |
| | — |
| | 0.01 |
| | 0.01 |
| | — |
|
| Net income attributable to Kimberly-Clark Corporation | | $ | 5.58 |
| | $ | 1.41 |
| | $ | 1.43 |
| | $ | 1.37 |
| | $ | 1.37 |
|
| | | | | | | | | | | |
| Diluted | | | | | | | | | | |
Continuing operations(a) | | $ | 5.01 |
| | $ | 1.26 |
| | $ | 1.26 |
| | $ | 1.22 |
| | $ | 1.26 |
|
| Discontinued operations | | 0.52 |
| | 0.14 |
| | 0.15 |
| | 0.13 |
| | 0.10 |
|
| Rounding | | — |
| | — |
| | 0.01 |
| | 0.01 |
| | — |
|
Net income attributable to Kimberly-Clark Corporation(a) | | $ | 5.53 |
| | $ | 1.40 |
| | $ | 1.42 |
| | $ | 1.36 |
| | $ | 1.36 |
|
| | | | | | | | | | | |
| |
(a) | Year-to-date does not equal the sum of the quarterly amounts as a result of rounding. |
KIMBERLY-CLARK CORPORATION AND SUBSIDIARIES
CONSOLIDATED INCOME STATEMENT
(Unaudited)
|
| | | | | | | | | | | | |
| | | Year Ended December 31 |
| (Millions of dollars, except per share amounts) | | 2012 | | 2011 | | 2010 |
| | | | | | | |
| Net Sales | | $ | 19,467 |
| | $ | 19,268 |
| | $ | 18,323 |
|
| Cost of products sold | | 13,338 |
| | 13,729 |
| | 12,342 |
|
| Gross Profit | | 6,129 |
| | 5,539 |
| | 5,981 |
|
| Marketing, research and general expenses | | 3,757 |
| | 3,430 |
| | 3,339 |
|
| Other (income) and expense, net | | (5 | ) | | (43 | ) | | 109 |
|
| Operating Profit | | 2,377 |
| | 2,152 |
| | 2,533 |
|
| Interest income | | 18 |
| | 18 |
| | 19 |
|
| Interest expense | | (285 | ) | | (277 | ) | | (244 | ) |
| Income From Continuing Operations Before Income Taxes and Equity Interests | | 2,110 |
| | 1,893 |
| | 2,308 |
|
| Provision for income taxes | | (660 | ) | | (559 | ) | | (685 | ) |
| Income From Continuing Operations Before Equity Interests | | 1,450 |
| | 1,334 |
| | 1,623 |
|
| Share of net income of equity companies | | 177 |
| | 161 |
| | 181 |
|
| Income From Continuing Operations | | 1,627 |
| | 1,495 |
| | 1,804 |
|
| Income from discontinued operations, net of income taxes | | 201 |
| | 189 |
| | 139 |
|
| Net Income | | 1,828 |
| | 1,684 |
| | 1,943 |
|
| Net income attributable to noncontrolling interests in continuing operations | | (78 | ) | | (93 | ) | | (100 | ) |
| Net Income Attributable to Kimberly-Clark Corporation | | $ | 1,750 |
| | $ | 1,591 |
| | $ | 1,843 |
|
| | | | | | | |
| Per Share Basis | | | | | | |
| Net Income Attributable to Kimberly-Clark Corporation | | | | | | |
| Basic | | | | | | |
| Continuing operations | | $ | 3.94 |
| | $ | 3.54 |
| | $ | 4.13 |
|
| Discontinued operations | | 0.51 |
| | 0.48 |
| | 0.34 |
|
| Net income attributable to Kimberly-Clark Corporation | | $ | 4.45 |
| | $ | 4.02 |
| | $ | 4.47 |
|
| | | | | | | |
| Diluted | | | | | | |
| Continuing operations | | $ | 3.91 |
| | $ | 3.52 |
| | $ | 4.11 |
|
| Discontinued operations | | 0.51 |
| | 0.47 |
| | 0.34 |
|
| Net income attributable to Kimberly-Clark Corporation | | $ | 4.42 |
| | $ | 3.99 |
| | $ | 4.45 |
|
| | | | | | | |
Exhibit 99.2
KIMBERLY-CLARK CORPORATION
SELECTED BUSINESS SEGMENT DATA
(Unaudited)
|
| | | | | | | | | | | | | | | | |
| | | 2014 |
| (Millions of dollars) | | Nine Months Ended September 30 | | Third Quarter | | Second Quarter | | First Quarter |
| NET SALES | | | | | | | | |
| | | | | | | | | |
| Personal Care | | $ | 7,299 |
| | $ | 2,475 |
| | $ | 2,442 |
| | $ | 2,382 |
|
| Consumer Tissue | | 5,024 |
| | 1,697 |
| | 1,638 |
| | 1,689 |
|
| K-C Professional | | 2,531 |
| | 873 |
| | 858 |
| | 800 |
|
| Corporate & Other | | 42 |
| | 11 |
| | 15 |
| | 16 |
|
| TOTAL NET SALES | | $ | 14,896 |
| | $ | 5,056 |
| | $ | 4,953 |
| | $ | 4,887 |
|
| | | | | | | | | |
| OPERATING PROFIT | | | | | | | | |
| | | | | | | | | |
| Personal Care | | $ | 1,393 |
| | $ | 483 |
| | $ | 453 |
| | $ | 457 |
|
| Consumer Tissue | | 782 |
| | 285 |
| | 240 |
| | 257 |
|
| K-C Professional | | 453 |
| | 165 |
| | 153 |
| | 135 |
|
| Corporate & Other | | (236 | ) | | (72 | ) | | (84 | ) | | (80 | ) |
| Other (income) and expense, net | | 29 |
| | (16 | ) | | (13 | ) | | 58 |
|
| TOTAL OPERATING PROFIT | | $ | 2,363 |
| | $ | 877 |
| | $ | 775 |
| | $ | 711 |
|
KIMBERLY-CLARK CORPORATION
SELECTED BUSINESS SEGMENT DATA
(Unaudited)
|
| | | | | | | | | | | | | | | | | | | | |
| | | 2013 |
| (Millions of dollars) | | Year Ended December 31 | | Fourth Quarter | | Third Quarter | | Second Quarter | | First Quarter |
| NET SALES | | | | | | | | | | |
| | | | | | | | | | | |
| Personal Care | | $ | 9,536 |
| | $ | 2,366 |
| | $ | 2,383 |
| | $ | 2,390 |
| | $ | 2,397 |
|
| Consumer Tissue | | 6,637 |
| | 1,668 |
| | 1,626 |
| | 1,625 |
| | 1,718 |
|
| K-C Professional | | 3,323 |
| | 846 |
| | 843 |
| | 841 |
| | 793 |
|
| Corporate & Other | | 65 |
| | 15 |
| | 13 |
| | 17 |
| | 20 |
|
| TOTAL NET SALES | | $ | 19,561 |
| | $ | 4,895 |
| | $ | 4,865 |
| | $ | 4,873 |
| | $ | 4,928 |
|
| | | | | | | | | | | |
| OPERATING PROFIT | | | | | | | | | | |
| | | | | | | | | | | |
| Personal Care | | $ | 1,698 |
| | $ | 398 |
| | $ | 427 |
| | $ | 432 |
| | $ | 441 |
|
| Consumer Tissue | | 988 |
| | 275 |
| | 233 |
| | 220 |
| | 260 |
|
| K-C Professional | | 605 |
| | 148 |
| | 154 |
| | 161 |
| | 142 |
|
| Corporate & Other | | (381 | ) | | (83 | ) | | (88 | ) | | (100 | ) | | (110 | ) |
| Other (income) and expense, net | | 7 |
| | (7 | ) | | 8 |
| | (6 | ) | | 12 |
|
| TOTAL OPERATING PROFIT | | $ | 2,903 |
| | $ | 745 |
| | $ | 718 |
| | $ | 719 |
| | $ | 721 |
|
KIMBERLY-CLARK CORPORATION
SELECTED BUSINESS SEGMENT DATA
(Unaudited)
|
| | | | | | | | | | | | |
| | | Year Ended December 31 |
| (Millions of dollars) | | 2012 | | 2011 | | 2010 |
| NET SALES | | | | | | |
| | | | | | | |
| Personal Care | | $ | 9,576 |
| | $ | 9,128 |
| | $ | 8,670 |
|
| Consumer Tissue | | 6,527 |
| | 6,770 |
| | 6,497 |
|
| K-C Professional | | 3,283 |
| | 3,294 |
| | 3,110 |
|
| Corporate & Other | | 81 |
| | 76 |
| | 46 |
|
| TOTAL NET SALES | | $ | 19,467 |
| | $ | 19,268 |
| | $ | 18,323 |
|
| | | | | | | |
| OPERATING PROFIT | | | | | | |
| | | | | | | |
| Personal Care | | $ | 1,660 |
| | $ | 1,526 |
| | $ | 1,764 |
|
| Consumer Tissue | | 887 |
| | 775 |
| | 660 |
|
| K-C Professional | | 542 |
| | 487 |
| | 468 |
|
| Corporate & Other | | (717 | ) | | (679 | ) | | (250 | ) |
| Other (income) and expense, net | | (5 | ) | | (43 | ) | | 109 |
|
| TOTAL OPERATING PROFIT | | $ | 2,377 |
| | $ | 2,152 |
| | $ | 2,533 |
|
