KELLOGG COMPANY K Cash Flow

Kellogg company (K)

CashFlow / TTM

Mar'20	Dec'19	Sep'19	Jun'19	Mar'19	Dec'18	Sep'18	Jun'18	Mar'18	Dec'17	Sep'17	Jun'17	Mar'17	Dec'16	Sep'16	Jun'16	Mar'16	Dec'15	Sep'15	Jun'15	Mar'15	Dec'14	Sep'14	Jun'14	Mar'14	Dec'13	Sep'13	Jun'13	Mar'13	Dec'12	Sep'12	Jun'12	Mar'12	Dec'11	Sep'11	Jun'11	Mar'11	Dec'10	Sep'10	Jun'10	Mar'10	Dec'09	Sep'09	Jun'09	Mar'09
Operating activities
Net income
1,042,000	977,000	743,000	878,000	1,185,000	1,344,000	1,843,000	1,748,000	1,432,000	1,254,000	790,000	794,000	791,000	700,000	707,000	620,000	562,000	614,000	361,000	381,000	454,000	633,000	1,745,000	1,846,000	1,903,000	1,808,000	957,000	949,000	921,000	961,000	860,000	832,000	850,000	864,000	1,222,000	1,269,000	1,228,000	1,280,000	1,231,000	1,254,000	1,306,000	1,208,000	0	0	0
Adjustments to reconcile net income to operating cash flows:
Depreciation and amortization
477,000	484,000	502,000	525,000	518,000	516,000	489,000	475,000	482,000	481,000	526,000	506,000	523,000	517,000	504,000	516,000	518,000	534,000	515,000	537,000	518,000	503,000	567,000	541,000	535,000	532,000	486,000	480,000	466,000	448,000	401,000	388,000	375,000	369,000	397,000	389,000	394,000	392,000	367,000	373,000	387,000	384,000	0	0	0
Postretirement benefit plan expense (benefit)
-90,000	-89,000	200,000	191,000	179,000	170,000	-424,000	-417,000	-418,000	-427,000	60,000	158,000	170,000	198,000	335,000	305,000	313,000	320,000	808,000	807,000	804,000	803,000	-1,141,000	-1,115,000	-1,096,000	-1,078,000	423,000	421,000	420,000	419,000	0	0	0	-	-	-	-	-	-	-	-	-	-	-	-
Deferred income taxes
48,000	47,000	-259,000	0	54,000	46,000	62,000	77,000	7,000	-58,000	-19,000	-97,000	-90,000	-24,000	-134,000	-151,000	-167,000	-169,000	-317,000	-283,000	-301,000	-254,000	346,000	326,000	351,000	317,000	-166,000	-118,000	-94,000	-159,000	-111,000	-124,000	-153,000	-93,000	317,000	317,000	283,000	266,000	-84,000	-122,000	-20,000	-40,000	0	0	0
Stock compensation
62,000	56,000	59,000	58,000	56,000	59,000	55,000	60,000	65,000	66,000	71,000	69,000	65,000	63,000	64,000	60,000	56,000	51,000	0	0	0	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-
Venezuela remeasurement
-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	169,000	0	0	0	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-
VIE deconsolidation
-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	49,000	0	0	0	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-
Other
4,000	1,000	26,000	115,000	85,000	47,000	44,000	-104,000	-61,000	-1,000	131,000	107,000	139,000	82,000	-30,000	-16,000	-41,000	8,000	-90,000	-108,000	-109,000	-125,000	-88,000	-57,000	-14,000	-15,000	123,000	101,000	27,000	21,000	-47,000	70,000	108,000	115,000	14,000	-51,000	-41,000	-3,000	147,000	94,000	36,000	13,000	0	0	0
Postretirement benefit plan contributions
29,000	28,000	27,000	25,000	273,000	287,000	290,000	290,000	39,000	44,000	37,000	38,000	40,000	33,000	41,000	39,000	38,000	33,000	30,000	33,000	37,000	53,000	50,000	49,000	45,000	48,000	50,000	55,000	57,000	51,000	48,000	41,000	39,000	192,000	785,000	790,000	799,000	643,000	52,000	52,000	48,000	100,000	0	0	0
Changes in operating assets and liabilities, net of acquisitions:
Trade receivables
110,000	145,000	38,000	80,000	-22,000	-76,000	271,000	667,000	1,038,000	1,300,000	1,440,000	1,037,000	716,000	480,000	121,000	79,000	88,000	127,000	-39,000	-60,000	-86,000	-131,000	59,000	74,000	103,000	50,000	83,000	108,000	39,000	65,000	-29,000	-116,000	-33,000	100,000	40,000	142,000	39,000	-59,000	440,000	351,000	96,000	75,000	0	0	0
Inventories
9,000	-2,000	3,000	54,000	87,000	86,000	65,000	21,000	-35,000	-80,000	-60,000	-53,000	-16,000	-7,000	18,000	30,000	63,000	42,000	69,000	-30,000	-69,000	30,000	-100,000	34,000	-3,000	-112,000	23,000	29,000	28,000	80,000	173,000	124,000	178,000	125,000	73,000	145,000	171,000	159,000	21,000	-76,000	-5,000	13,000	0	0	0
Accounts payable
51,000	-9,000	12,000	80,000	103,000	115,000	161,000	187,000	178,000	193,000	120,000	37,000	46,000	124,000	404,000	430,000	424,000	427,000	224,000	220,000	237,000	96,000	67,000	99,000	-63,000	31,000	61,000	138,000	252,000	208,000	134,000	13,000	-9,000	40,000	55,000	132,000	170,000	72,000	63,000	24,000	-29,000	-59,000	0	0	0
Accrued income taxes
-	-	-	-	-	-	-	-	-	-	-	-	-	-	28,000	117,000	-17,000	29,000	79,000	46,000	44,000	87,000	-29,000	8,000	29,000	4,000	76,000	49,000	-98,000	25,000	48,000	-11,000	116,000	132,000	-170,000	-48,000	-112,000	-192,000	91,000	28,000	35,000	112,000	0	0	0
Accrued interest expense
-	-	-	-	-	-	-	-	-	-	-	-	-	-	43,000	5,000	0	5,000	-35,000	4,000	-30,000	-2,000	6,000	-11,000	-13,000	-9,000	-11,000	-6,000	4,000	-1,000	22,000	10,000	53,000	-7,000	41,000	-8,000	10,000	9,000	10,000	-4,000	12,000	-5,000	0	0	0
Accrued and prepaid advertising, promotion and trade allowances
-	-	-	-	-	-	-	-	-	-	-	-	-	-	24,000	8,000	31,000	7,000	18,000	0	-24,000	-21,000	-18,000	9,000	31,000	-32,000	-25,000	-4,000	8,000	97,000	97,000	46,000	0	4,000	-20,000	25,000	13,000	-12,000	-27,000	0	43,000	91,000	0	0	0
Accrued salaries and wages
-	-	-	-	-	-	-	-	-	-	-	-	-	-	-11,000	-6,000	-5,000	20,000	12,000	-29,000	-11,000	-7,000	37,000	69,000	42,000	61,000	6,000	-5,000	20,000	15,000	3,000	11,000	-6,000	89,000	78,000	17,000	-11,000	-169,000	-128,000	-44,000	17,000	42,000	0	0	0
All other current assets and liabilities
-217,000	-40,000	-256,000	-31,000	138,000	154,000	255,000	262,000	150,000	13,000	-191,000	-67,000	-155,000	-46,000	-6,000	-22,000	23,000	52,000	115,000	73,000	87,000	5,000	-63,000	-149,000	-128,000	-125,000	-40,000	-12,000	4,000	38,000	-46,000	1,000	-26,000	-45,000	-89,000	-23,000	56,000	-35,000	-93,000	-84,000	-126,000	-85,000	0	0	0
Net cash provided by (used in) operating activities
1,497,000	1,176,000	1,535,000	1,609,000	1,378,000	1,536,000	1,139,000	758,000	665,000	403,000	440,000	715,000	1,232,000	1,271,000	1,743,000	1,758,000	1,536,000	1,691,000	1,585,000	1,720,000	1,685,000	1,793,000	1,595,000	1,756,000	1,737,000	1,807,000	1,772,000	1,783,000	1,756,000	1,758,000	1,701,000	1,629,000	1,625,000	1,595,000	1,198,000	1,061,000	1,068,000	1,008,000	1,492,000	1,540,000	1,648,000	1,643,000	0	0	0
Investing activities
Additions to properties
550,000	586,000	625,000	602,000	594,000	578,000	516,000	503,000	503,000	501,000	505,000	526,000	493,000	507,000	540,000	544,000	549,000	553,000	616,000	614,000	633,000	582,000	629,000	625,000	632,000	637,000	634,000	616,000	572,000	533,000	464,000	506,000	554,000	594,000	614,000	570,000	517,000	474,000	377,000	363,000	364,000	377,000	0	0	0
Collections of deferred purchase price on securitized trade receivables
-	-	-	-	-	-	-	-	-	1,243,000	0	0	0	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-
Payments to Acquire Businesses, Net of Cash Acquired
-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	62,000	161,000	0	0	0	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-
Acquisition of cost method investments
0	-	0	0	0	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-
Purchases of available for sale securities
76,000	18,000	18,000	16,000	7,000	0	0	0	0	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-
Sales of available for sale securities
81,000	83,000	83,000	16,000	7,000	0	0	0	0	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-
Other
40,000	28,000	-6,000	-1,000	-39,000	-55,000	-34,000	-39,000	-8,000	-6,000	1,000	0	19,000	11,000	11,000	14,000	-47,000	-43,000	-45,000	-57,000	-20,000	-15,000	-16,000	-3,000	0	-2,000	53,000	51,000	50,000	44,000	-4,000	-8,000	-9,000	-7,000	-18,000	-12,000	-12,000	-9,000	-8,000	-8,000	-8,000	-7,000	0	0	0
Net cash provided by (used in) investing activities
735,000	774,000	768,000	-614,000	-980,000	-948,000	-1,204,000	-812,000	-96,000	149,000	557,000	158,000	-123,000	-392,000	-545,000	-1,044,000	-1,020,000	-1,127,000	-1,188,000	-680,000	-736,000	-573,000	-625,000	-628,000	-638,000	-641,000	-681,000	-661,000	-3,290,000	-3,245,000	-3,134,000	-3,172,000	-545,000	-587,000	-596,000	-558,000	-505,000	-465,000	-369,000	-355,000	-356,000	-370,000	0	0	0
Financing activities
Net issuances (reductions) of notes payable
0	-	0	0	0	-	0	0	0	-	0	0	0	-	0	0	0	-	0	0	0	-	0	0	0	-	0	0	0	-	0	0	0	-	0	0	0	-	0	0	0	-	0	0	0
Issuances of long-term debt
-	-	-	-	-	-	-	-	-	-	-	-	-	2,657,000	2,085,000	2,085,000	1,406,000	696,000	672,000	672,000	1,624,000	952,000	952,000	952,000	0	645,000	645,000	645,000	2,372,000	1,727,000	0	0	0	-	-	-	-	-	-	-	-	-	-	-	-
Reductions of long-term debt
1,012,000	1,009,000	0	0	0	-	-	-	-	632,000	1,133,000	1,136,000	1,265,000	1,737,000	1,232,000	1,227,000	836,000	606,000	605,000	609,000	521,000	960,000	960,000	959,000	695,000	762,000	1,511,000	1,510,000	1,499,000	750,000	-1,000	-1,000	-1,000	945,000	0	0	0	-	-	-	-	-	-	0	0
Net issuances of common stock
103,000	64,000	47,000	109,000	124,000	167,000	170,000	102,000	107,000	97,000	99,000	200,000	244,000	368,000	421,000	404,000	368,000	261,000	249,000	174,000	237,000	217,000	189,000	200,000	247,000	475,000	592,000	572,000	453,000	229,000	113,000	107,000	210,000	291,000	291,000	305,000	252,000	204,000	275,000	261,000	198,000	131,000	0	0	0
Common stock repurchases
0	220,000	420,000	490,000	540,000	320,000	120,000	176,000	391,000	516,000	516,000	430,000	353,000	426,000	776,000	832,000	644,000	731,000	381,000	646,000	654,000	690,000	690,000	329,000	821,000	544,000	544,000	544,000	44,000	63,000	168,000	343,000	532,000	798,000	838,000	1,304,000	1,233,000	1,052,000	907,000	453,000	335,000	187,000	0	0	0
Cash dividends
772,000	769,000	768,000	768,000	767,000	762,000	754,000	747,000	741,000	736,000	733,000	728,000	722,000	716,000	710,000	704,000	702,000	700,000	697,000	696,000	688,000	680,000	673,000	664,000	659,000	653,000	644,000	636,000	629,000	622,000	616,000	614,000	609,000	604,000	601,000	594,000	590,000	584,000	578,000	572,000	558,000	546,000	0	0	0
Collateral received on derivative instruments
0	-	-	-	0	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-
Other
-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	0	-5,000	-	-6,000	8,000	15,000	9,000	13,000	10,000	14,000	24,000	25,000	23,000	11,000	0	3,000	2,000	9,000	15,000	11,000	12,000	10,000	8,000	10,000	9,000	5,000	5,000	0	0	0
Net cash provided by (used in) financing activities
-1,452,000	-1,905,000	-2,161,000	-905,000	-504,000	-566,000	75,000	-70,000	-565,000	-604,000	-1,080,000	-1,064,000	-1,077,000	-786,000	-1,117,000	-443,000	-505,000	-706,000	-485,000	-1,012,000	-903,000	-1,063,000	-847,000	-1,069,000	-1,028,000	-1,141,000	-1,062,000	-1,083,000	1,412,000	1,317,000	1,170,000	1,380,000	-1,046,000	-957,000	-558,000	-567,000	-571,000	-439,000	-1,069,000	-1,094,000	-1,196,000	-1,182,000	0	0	0
Effect of exchange rate changes on cash and cash equivalents
-36,000	31,000	2,000	-7,000	8,000	18,000	32,000	47,000	68,000	53,000	4,000	-6,000	-44,000	-64,000	-34,000	-34,000	-50,000	-50,000	-39,000	-24,000	19,000	13,000	3,000	-31,000	-39,000	-33,000	-34,000	-7,000	-30,000	-9,000	-14,000	-64,000	-34,000	-35,000	-21,000	50,000	25,000	6,000	-22,000	-44,000	-13,000	-12,000	0	0	0
Increase (decrease) in cash and cash equivalents
744,000	76,000	144,000	83,000	-98,000	40,000	42,000	-77,000	72,000	1,000	-79,000	-197,000	-12,000	29,000	47,000	237,000	-39,000	-192,000	-127,000	4,000	65,000	170,000	126,000	28,000	32,000	-8,000	-5,000	32,000	-152,000	-179,000	-277,000	-227,000	0	16,000	23,000	-14,000	17,000	110,000	32,000	47,000	83,000	79,000	0	0	0
Supplemental cash flow disclosures
Interest paid
284,000	284,000	307,000	283,000	274,000	280,000	262,000	271,000	256,000	258,000	260,000	259,000	222,000	405,000	368,000	398,000	387,000	228,000	0	0	0	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-
Income taxes paid
476,000	537,000	236,000	269,000	236,000	188,000	236,000	223,000	367,000	352,000	310,000	376,000	213,000	256,000	272,000	182,000	346,000	337,000	0	0	0	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-
Supplemental cash flow disclosures of non-cash investing activities
Beneficial interests obtained in exchange for securitized trade receivables
-	-	-	-	-	-	-	-	-	1,222,000	0	0	0	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-
Additions to properties included in accounts payable
93,000	128,000	157,000	185,000	192,000	162,000	164,000	146,000	137,000	151,000	0	0	0	-	-	-	-	-	0	0	0	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-
Supplemental cash flow dislcosures of non-cash activities [Abstract]
Additions to properties included in accounts payable
-	-	-	-	-	-	-	-	-	-	-	-	-	-	124,000	140,000	164,000	147,000	0	0	0	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-