Stock Analysis on Net
Stock Analysis on Net

Kellanova (NYSE:K)

Common-Size Income Statement

Kellanova, common-size consolidated income statement

Microsoft Excel
12 months ended: Dec 30, 2023 Dec 31, 2022 Dec 31, 2021 Dec 31, 2020 Dec 28, 2019
Net sales 100.00 100.00 100.00 100.00 100.00
Cost of goods sold -67.36 -69.87 -67.84 -65.67 -67.73
Gross profit 32.64% 30.13% 32.16% 34.33% 32.27%
Selling, general and administrative expense -21.17 -19.46 -19.80 -21.54 -21.95
Operating profit 11.47% 10.68% 12.35% 12.79% 10.32%
Interest expense -2.31 -1.42 -1.57 -2.04 -2.09
Other income (expense), net -1.23 -1.44 3.08 0.88 1.38
Income from continuing operations before income taxes 7.93% 7.82% 13.86% 11.63% 9.61%
Income taxes -1.97 -1.59 -3.34 -2.35 -2.36
Earnings (loss) from unconsolidated entities 0.05 0.06 0.02 -0.10 -0.05
Net income from continuing operations 6.01% 6.28% 10.54% 9.18% 7.20%
Income from discontinued operations, net of taxes 1.34 0.00 0.00 0.00 0.00
Net income 7.35% 6.28% 10.54% 9.18% 7.20%
Net income attributable to noncontrolling interests -0.10 -0.01 -0.05 -0.09 -0.13
Net income attributable to Kellanova 7.25% 6.27% 10.49% 9.08% 7.07%

Based on: 10-K (reporting date: 2023-12-30), 10-K (reporting date: 2022-12-31), 10-K (reporting date: 2021-12-31), 10-K (reporting date: 2020-12-31), 10-K (reporting date: 2019-12-28).

Income statement item Description The company
Operating profit The net result for the period of deducting operating expenses from operating revenues. Kellanova operating profit as a percentage of net sales decreased from 2021 to 2022 but then slightly increased from 2022 to 2023.
Income from continuing operations before income taxes Amount of income (loss) from continuing operations, including income (loss) from equity method investments, before deduction of income tax expense (benefit), and income (loss) attributable to noncontrolling interest. Kellanova income from continuing operations before income taxes as a percentage of net sales decreased from 2021 to 2022 but then slightly increased from 2022 to 2023.
Net income attributable to Kellanova The portion of profit or loss for the period, net of income taxes, which is attributable to the parent. Kellanova net income attributable to Kellanova as a percentage of net sales decreased from 2021 to 2022 but then slightly increased from 2022 to 2023.