Kellanova (K)

Kellanova Income Statement

Financials in millions USD. Fiscal year is January - December.

Fiscal Year	TTM	FY 2023	FY 2022	FY 2021	FY 2020	FY 2019
Period Ending	Sep 28, 2024	Dec 30, 2023	Dec 31, 2022	Jan 1, 2022	Jan 2, 2021	Dec 28, 2019
Revenue	12,799	13,122	12,653	11,747	13,770	13,578
Revenue Growth (YoY)	15.11%	3.71%	7.71%	-14.69%	1.41%	0.23%
Cost of Revenue	8,201	8,834	8,837	7,915	9,043	9,145
Gross Profit	4,598	4,288	3,816	3,832	4,727	4,433
Selling, General & Admin	2,920	2,887	2,652	2,250	2,955	2,827
Operating Expenses	2,920	2,887	2,652	2,250	2,955	2,827
Operating Income	1,678	1,401	1,164	1,582	1,772	1,606
Interest Expense	-326	-303	-201	-205	-281	-284
Interest & Investment Income	101	101	33	-	-	-
Earnings From Equity Investments	5	6	9	3	-14	-7
Currency Exchange Gain (Loss)	56	-10	-4	-4	-6	-4
Other Non Operating Income (Expenses)	-41	-107	-84	94	116	214
EBT Excluding Unusual Items	1,473	1,088	917	1,470	1,587	1,525
Merger & Restructuring Charges	-123	-2	-5	-14	-	-113
Gain (Loss) on Sale of Investments	-3	-3	-1	-	-	4
Gain (Loss) on Sale of Assets	-	-	-	-	-	38
Asset Writedown	-34	-34	-	-	-	-
Other Unusual Items	-12	-3	-	-	-	-156
Pretax Income	1,301	1,046	911	1,456	1,587	1,298
Income Tax Expense	255	258	180	353	323	321
Earnings From Continuing Operations	1,046	788	731	1,103	1,264	977
Earnings From Discontinued Operations	-28	176	231	392	-	-
Net Income to Company	1,018	964	962	1,495	1,264	977
Minority Interest in Earnings	-13	-13	-2	-7	-13	-17
Net Income	1,005	951	960	1,488	1,251	960
Net Income to Common	1,005	951	960	1,488	1,251	960
Net Income Growth	21.67%	-0.94%	-35.48%	18.94%	30.31%	-28.14%
Shares Outstanding (Basic)	342	342	342	341	343	342
Shares Outstanding (Diluted)	345	345	344	344	345	343
Shares Change (YoY)	-0.30%	0.14%	0.13%	-0.28%	0.52%	-1.48%
EPS (Basic)	2.94	2.78	2.81	4.36	3.65	2.81
EPS (Diluted)	2.91	2.76	2.79	4.33	3.63	2.80
EPS Growth	21.82%	-1.08%	-35.57%	19.28%	29.64%	-26.89%
Free Cash Flow	927	968	1,163	1,148	1,481	590
Free Cash Flow Per Share	2.69	2.81	3.38	3.34	4.30	1.72
Dividend Per Share	2.250	2.340	2.340	2.310	2.280	2.260
Dividend Growth	-5.06%	0%	1.30%	1.32%	0.88%	2.73%
Gross Margin	35.92%	32.68%	30.16%	32.62%	34.33%	32.65%
Operating Margin	13.11%	10.68%	9.20%	13.47%	12.87%	11.83%
Profit Margin	7.85%	7.25%	7.59%	12.67%	9.08%	7.07%
Free Cash Flow Margin	7.24%	7.38%	9.19%	9.77%	10.76%	4.35%
EBITDA	2,032	1,820	1,642	2,049	2,251	2,090
EBITDA Margin	15.88%	13.87%	12.98%	17.44%	16.35%	15.39%
D&A For EBITDA	354	419	478	467	479	484
EBIT	1,678	1,401	1,164	1,582	1,772	1,606
EBIT Margin	13.11%	10.68%	9.20%	13.47%	12.87%	11.83%
Effective Tax Rate	19.60%	24.67%	19.76%	24.24%	20.35%	24.73%
Advertising Expenses	-	633	549	541	781	676

Source: S&P Capital IQ. Standard template. Financial Sources.