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. |
1
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. |
2
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 | ||||||
3
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 |
1
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 |
2
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 |
3