Stock Analysis on Net
Stock Analysis on Net

Kraft Foods Group Inc. (NASDAQ:KRFT)

This company has been moved to the archive! The financial data has not been updated since April 28, 2015.

Common-Size Balance Sheet: Assets
Quarterly Data

Kraft Foods Group Inc., common-size consolidated balance sheet: assets (quarterly data)

Microsoft Excel
Mar 28, 2015 Dec 27, 2014 Sep 27, 2014 Jun 28, 2014 Mar 29, 2014 Dec 28, 2013 Sep 28, 2013 Jun 29, 2013 Mar 30, 2013 Dec 29, 2012 Sep 30, 2012 Jun 30, 2012 Mar 31, 2012
Cash and cash equivalents 5.09 5.63 4.10 5.87 6.34 7.28 5.32 5.05 5.08 5.38 1.09 0.01 0.01
Receivables, net of allowances 5.27 4.71 4.76 5.08 5.15 4.53 4.78 5.30 5.49 4.67 5.19 5.03 5.32
Inventories 8.15 7.74 8.96 8.67 8.17 6.98 8.13 8.23 8.37 8.26 9.38 9.36 9.84
Deferred income taxes 1.65 1.67 1.53 1.45 1.55 1.56 1.85 1.81 1.73 1.80 0.93 1.46 1.01
Other current assets 1.47 1.13 0.92 0.82 0.86 0.86 0.82 0.50 0.62 0.56 0.92 0.74 1.09
Current assets 21.63% 20.88% 20.27% 21.89% 22.08% 21.20% 20.91% 20.89% 21.29% 20.67% 17.52% 16.60% 17.27%
Property, plant and equipment, net 18.13 18.27 18.28 17.69 17.58 17.78 17.74 17.46 17.30 18.02 18.90 19.29 19.28
Goodwill 48.90 49.70 50.23 49.30 49.07 49.70 48.87 48.89 48.65 48.63 51.00 51.72 51.35
Intangible assets, net 9.67 9.74 9.80 9.57 9.57 9.63 11.38 11.41 11.31 11.28 11.81 12.02 11.90
Other assets 1.66 1.42 1.42 1.54 1.71 1.69 1.10 1.35 1.45 1.39 0.77 0.36 0.20
Noncurrent assets 78.37% 79.12% 79.73% 78.11% 77.92% 78.80% 79.09% 79.11% 78.71% 79.33% 82.48% 83.40% 82.73%
Total assets 100.00% 100.00% 100.00% 100.00% 100.00% 100.00% 100.00% 100.00% 100.00% 100.00% 100.00% 100.00% 100.00%

Based on: 10-Q (reporting date: 2015-03-28), 10-K (reporting date: 2014-12-27), 10-Q (reporting date: 2014-09-27), 10-Q (reporting date: 2014-06-28), 10-Q (reporting date: 2014-03-29), 10-K (reporting date: 2013-12-28), 10-Q (reporting date: 2013-09-28), 10-Q (reporting date: 2013-06-29), 10-Q (reporting date: 2013-03-30), 10-K (reporting date: 2012-12-29), 10-Q (reporting date: 2012-09-30), 10-12B/A (reporting date: 2012-06-30), 10-12B/A (reporting date: 2012-03-31).

The asset structure of the company exhibits a gradual shift in composition between March 2012 and March 2015, characterized by a modest increase in liquidity and a slight contraction in the relative weight of noncurrent assets.

Liquidity and Current Asset Trends
A significant increase in the proportion of cash and cash equivalents is observed, rising from a negligible 0.01% of total assets in early 2012 to a peak of 7.28% in December 2013, before stabilizing around 5.09% by March 2015. This growth in cash reserves is the primary driver behind the overall increase in current assets, which grew from 17.27% to 21.63% over the analyzed period. Meanwhile, receivables remained relatively stable, fluctuating within a narrow range of 4.53% to 5.49%. Inventories showed a general downward trend, decreasing from 9.84% in March 2012 to 8.15% in March 2015, suggesting improvements in inventory management or changes in production cycles.
Intangible Asset Dominance
The balance sheet is heavily weighted toward intangible assets, which consistently represent the largest portion of total assets. Goodwill remained the dominant component, maintaining a presence between 48.63% and 51.72% throughout the period. Net intangible assets experienced a gradual decline from 11.90% in March 2012 to 9.67% in March 2015. Combined, goodwill and intangible assets typically accounted for approximately 60% of the total asset base, indicating a business model heavily reliant on acquired brands, patents, or intellectual property.
Noncurrent Fixed Asset Analysis
Property, plant, and equipment, net, exhibited a slow but steady decline in its relative share of total assets, moving from 19.28% in March 2012 to 18.13% in March 2015. Consequently, the total proportion of noncurrent assets decreased from 82.73% to 78.37%. This trend reflects a systemic reallocation of the asset mix, shifting slightly away from fixed and intangible long-term assets toward more liquid current assets.

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