Stock Analysis on Net
Stock Analysis on Net

Kraft Foods Group Inc. (NASDAQ:KRFT)

$22.49

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

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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
Receivables, net of allowances
Inventories
Deferred income taxes
Other current assets
Current assets
Property, plant and equipment, net
Goodwill
Intangible assets, net
Other assets
Noncurrent assets
Total assets

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 analysis of the financial data over the specified periods reveals several noteworthy trends in the asset composition.

Cash and Cash Equivalents
This category shows a significant increase from near negligible levels (0.01%) in early 2012 to a peak of 7.28% by the end of 2013. Subsequently, it experiences a slight decline but maintains a relatively elevated proportion around 5%, indicating a strengthened liquidity position over the period.
Receivables, Net of Allowances
Receivables remain relatively stable throughout the periods, fluctuating modestly between approximately 4.5% and 5.5% of total assets. There is no clear upward or downward long-term trend, suggesting consistent management of accounts receivable.
Inventories
The inventory proportion declines from a high of nearly 9.8% in early 2012 to around 7% by the end of 2013, followed by slight fluctuations and a recovery close to 8.15% by early 2015. This indicates some variability in stock levels but generally a moderate inventory turnover or management strategy aiming at leaner inventories in late 2013.
Deferred Income Taxes
Deferred income taxes exhibit some volatility but generally hover around 1.5% of total assets with a peak reaching 1.85% in late 2013. This suggests stable tax-related asset positions with minor fluctuations possibly due to changes in tax regulations or timing differences.
Other Current Assets
Other current assets show an initial decline followed by a gradual increase from 0.5% to nearly 1.5% by early 2015. This could indicate diversification or growth in miscellaneous liquid assets or prepayments.
Current Assets
There is a clear upward trend in current assets from approximately 16.6% in mid-2012 to over 22% by early 2014, followed by slight reductions. This aligns with the observed increase in cash and other current assets, reflecting a strategic shift toward higher liquidity in this timeframe.
Property, Plant and Equipment, Net
The net value of property, plant, and equipment declines slightly from about 19.3% in early 2012 to around 17.3% by early 2013 and remains fairly stable after that with minor fluctuations near 18%. This indicates limited investment or depreciation effect stabilizing the asset base in this category.
Goodwill
Goodwill consistently represents the largest asset component, generally between 48% and 51%, showing stability with minor decreases and increases over time. This highlights the company's substantial intangible premium likely from acquisitions, maintained throughout the periods.
Intangible Assets, Net
Intangible assets show a mild declining trend from around 12% in 2012 down to just below 10% by late 2013 and stabilize near this lower level thereafter. This decrease may reflect amortization or impairments reducing the net intangible asset base.
Other Assets
Other assets show growth from a low base of 0.2% in early 2012 to levels near 1.7% by early 2015, indicating an increase in less conventional assets or long-term receivables over the examined periods.
Noncurrent Assets
Noncurrent assets decrease slightly from around 83% in early 2012 to just under 78% by early 2015, pointing to a modest shift in asset composition favoring current assets but overall maintaining the majority stake in long-term assets.
Total Assets
As expected, total assets remain constant at 100%, serving as the base reference for all proportion calculations.

Overall, the asset composition reveals a strategic increase in liquidity via cash and current assets alongside a steady base of intangible assets dominated by goodwill. The slight reduction in property, plant, and equipment, together with stable receivables and inventories, reflects a consistent asset management approach. The increase in other assets could indicate diversification or growth in less traditional segments. These trends suggest a focus on maintaining asset quality and liquidity with a stable intangible asset base over the analyzed periods.