KELLOGG COMPANY K Income Statement

Kellogg company (K)

Income statement / Quarterly

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	Sep'08	Jun'08
Net sales
3,412	3,223	3,372	3,461	3,522	3,317	3,469	3,360	3,401	3,185	3,246	3,175	3,248	3,048	3,254	3,268	3,395	3,142	3,329	3,498	3,556	3,514	3,639	3,685	3,742	3,501	3,716	3,714	3,861	3,563	3,720	3,474	3,440	3,015	3,312	3,386	3,485	2,860	3,157	3,062	3,318	2,900	3,277	3,229	3,169	3,288	3,343
Cost of goods sold
2,268	2,135	2,372	2,275	2,415	2,228	2,293	2,151	2,149	2,043	2,074	1,950	2,088	1,993	1,990	1,998	2,150	2,180	2,096	2,257	2,311	2,658	2,347	2,274	2,238	1,718	2,266	2,237	2,468	2,387	2,254	2,035	2,087	2,077	1,962	1,943	2,064	1,617	1,788	1,757	1,893	1,655	1,837	1,825	1,867	1,885	1,899
Selling, general and administrative expense
685	728	737	789	726	763	780	735	742	753	839	840	880	869	854	821	807	1,001	899	829	861	1,278	927	944	890	523	946	907	890	1,173	953	920	826	1,090	886	900	849	867	828	822	788	893	873	851	773	870	914
Operating Income (Loss)
459	360	263	397	381	326	396	474	510	389	333	385	280	186	410	449	438	-39	334	412	384	-422	365	467	614	1,260	504	570	503	3	513	519	527	-152	464	543	572	376	541	483	637	352	567	553	529	533	530
Interest expense
64	63	72	75	74	74	72	72	69	68	64	63	61	63	58	68	217	59	56	58	54	53	54	50	52	58	56	61	60	66	73	89	33	55	58	53	67	60	62	61	65	96	65	67	67	71	77
Other income (expense), net
51	-59	150	45	52	-359	130	69	70	258	117	63	88	-150	3	4	0	-13	-6	-46	-26	-4	1	3	10	12	4	-5	-7	-6	10	7	13	0	-9	-1	0	-8	1	7	1	-21	-10	9	0	12	-8
Income before income taxes
446	238	341	367	359	-107	454	471	511	579	386	385	307	-27	355	385	221	-111	272	308	304	-479	312	420	572	1,214	452	504	436	-69	450	437	507	-207	397	489	505	308	480	429	573	235	492	495	462	474	445
Income taxes
94	84	91	74	72	-25	69	70	67	164	101	102	43	20	62	106	47	-68	66	85	76	-187	86	122	165	394	124	150	124	-37	131	113	156	-74	107	147	140	83	143	128	156	60	132	141	143	133	133
Earnings (loss) from unconsolidated entities
-2	-2	-2	-1	-2	0	-2	198	0	2	3	0	2	0	-1	1	1	3	-1	-1	-1	-1	-1	-3	-1	-1	-2	-2	-1	0	-1	0	0	-	0	-	-	-	-	-	-	-	-	-1	-	-	-
Earnings (loss) from joint ventures
-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	0	0
Net income
350	152	248	292	285	-82	383	599	444	-	288	283	-	-	-	-	-	-40	205	222	227	-293	225	295	406	819	326	352	311	-32	318	324	351	-133	290	342	365	225	337	301	417	176	360	353	319	341	312
Net income attributable to noncontrolling interests
3	7	1	6	3	2	3	3	0	-	0	0	-	-	-	-	-	1	0	-1	0	0	1	0	0	1	0	0	0	0	0	0	0	0	0	-1	-1	-4	-1	-1	-1	0	-1	-1	-2	-1	0
Net income attributable to Kellogg Company
347	145	247	286	282	-84	380	596	444	417	288	283	266	-48	292	280	175	-41	205	223	227	-293	224	295	406	818	326	352	311	-32	318	324	351	-133	290	343	366	229	338	302	418	176	361	354	321	342	312
Per share amounts:
Basic earnings (in dollars per share)
1.01	0.42	0.73	0.84	0.82	-0.25	1.10	1.72	1.28	1.21	0.83	0.81	0.76	-0.14	0.83	0.80	0.50	-0.11	0.58	0.63	0.64	-0.82	0.63	0.82	1.13	2.26	0.90	0.96	0.86	-0.10	0.89	0.91	0.98	-0.36	0.81	0.94	1.00	0.62	0.91	0.80	1.10	0.46	0.94	0.93	0.84	0.90	0.82
Diluted earnings (in dollars per share)
1.01	0.42	0.72	0.84	0.82	-0.24	1.09	1.71	1.27	1.20	0.83	0.80	0.75	-0.13	0.82	0.79	0.49	-0.13	0.58	0.63	0.64	-0.81	0.62	0.82	1.12	2.23	0.90	0.96	0.85	-0.10	0.89	0.90	0.98	-0.36	0.80	0.94	1.00	0.62	0.90	0.79	1.09	0.46	0.94	0.92	0.84	0.89	0.82
Dividends per share (in dollars per share)
-	-	-	-	-	-	-	-	-	-	0.54	0.52	0.52	-	0.52	0.50	0.50	0.50	0.50	0.49	0.49	0.49	0.49	0.46	0.46	0.46	0.46	0.44	0.44	0.44	0.44	0.43	0.43	0.43	0.43	0.40	0.40	0.40	0.40	0.37	0.37	-	0.37	-	0.34	0.34	0.31
Average shares outstanding:
Basic (in shares)
342	-	341	340	342	-	347	347	346	-	345	349	351	-	350	350	351	-	354	353	355	-	358	359	360	-	362	364	363	-	358	357	357	-	360	363	365	-	373	381	380	-	382	383	382	380	379
Diluted (in shares)
344	-	342	341	343	-	349	348	348	-	348	352	354	-	354	354	355	-	356	355	357	-	360	362	362	-	364	367	366	-	359	359	359	-	363	366	368	-	376	384	384	-	384	383	383	384	382
Actual shares outstanding at period end
-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	348	376	380	-	0	0	382	-	-