KIMBERLY-CLARK INTRODUCES YEAR-END 2022 OUTCOMES AND ALSO 2023 OVERVIEW

January 25, 2023

DALLAS, Jan. 25, 2023/ PRNewswire/– Kimberly-Clark Firm (NYSE: KMB) today reported year-end 2022 outcomes and also supplied its 2023 expectation.

Exec Recap

  • 4th quarter 2022 web sales of $ 5.0 billion, despite having the year-ago duration, consisting of natural sales development of 5 percent. Full-year 2022 web sales of $ 20.2 billion enhanced 4 percent, with natural sales up 7 percent.
  • Weakened earnings per share for the 4th quarter was $ 1.50 in 2022 and also $ 1.06 in 2021. Full-year watered down earnings per share was $ 5.72 in 2022 and also $ 5.35 in 2021.
  • 4th quarter readjusted revenues per share were $ 1.54 in 2022, up 18 percent contrasted to $ 1.30 in 2021. Changed revenues per share omit specific things explained later on in this press release.
  • Full-year modified revenues per share were $ 5.63 in 2022, down 9 percent contrasted to $ 6.18 in 2021.
  • Internet sales in 2023 are anticipated to boost 0 to 2 percent, consisting of natural sales development of 2 to 4 percent. Weakened revenues per share is anticipated to boost 2 to 6 percent, driven by an operating earnings rise in the mid-to-high solitary figures, both versus readjusted lead to 2022.
  • The business’s Board of Supervisors has actually accepted a 1.7 percent rise in the quarterly returns, the 51 st successive yearly rise.
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” Kimberly-Clark supplied 7 percent natural development in 2022 and also approximately 4 percent natural development on a three-year basis,” claimed Chairman and also chief executive officer Mike Hsu “Our development technique is dealing with the assistance of exceptional implementation by our groups all over the world and also financial investments in our solid brand names and also industrial abilities.”

Hsu proceeded, “I’m particularly pleased with just how our groups browsed in what remains to be a vibrant operating atmosphere. We reduced inflationary stress with effective profits development administration efforts and also preserved price technique while remaining to purchase our service.”

” In 2022, we likewise noted Kimberly-Clark’s 150 th wedding anniversary– a substantial turning point for the business. We boast of our heritage of group specifying technology rooted in supplying take care of our customers. As we aim to the future, we will certainly remain to drive our technique to provide lucrative development for long-lasting worth development as we meet our objective of Better Take care of a Better Globe.”

4th Quarter 2022 Operating Outcomes
Sales of $ 5.0 billion in the 4th quarter of 2022 were despite having the year-ago duration. Organic sales enhanced 5 percent as web asking price increased about 10 percent and also item mix enhanced sales 1 percent while quantities decreased 7 percent. Modifications in international money exchange prices minimized sales 5 percent. In The United States And Canada, natural sales enhanced 1 percent in customer items and also enhanced 18 percent in K-C Specialist. Outdoors The United States and Canada, natural sales increased 3 percent in establishing and also arising (D&E) markets and also 11 percent in established markets.

4th quarter operating earnings was $712 million in 2022 and also $ 521 million in 2021. Omitting the costs connected to the 2018 Worldwide Restructuring Program, 2021 modified operating earnings was $ 611 million

Outcomes took advantage of greater web asking price, desirable item mix and also $ 115 million of price financial savings from the business’s require (Concentrated on Decreasing Prices Almost everywhere) program. The contrast was influenced by $245 numerous greater input prices along with reduced quantities and also the linked taken care of price under absorption. Negative international money results and also greater advertising, study and also basic expenditure likewise minimized operating earnings in the quarter.

The 4th quarter reliable tax obligation price was 22.5 percent in 2022 and also 20.9 percent in 2021. The 4th quarter readjusted reliable tax obligation price was 22.6 percent in 2022 and also 21.9 percent in 2021. Kimberly-Clark’s share of earnings of equity business in the 4th quarter was $35 million in 2022 and also $ 10 million in 2021.

Capital and also Annual Report
Money given by procedures in the 4th quarter was $991 million in 2022 and also $ 1,062 million in 2021. Full-year cash money given by procedures was $ 2,733 million in 2022 contrasted to $ 2,730 million in 2021. Capital expense for the 4th quarter was $ 197 million in 2022 and also $ 273 million in 2021. Full-year capital expense was $ 876 million in 2022 and also $ 1,007 million in 2021.

4th quarter share repurchases were 0.2 million shares at an expense of $ 25 million, bringing full-year repurchases to 0.8 million shares at an expense of $ 100 million Complete financial obligation was $ 8.4 billion at the end of 2022 and also $ 8.6 billion at the end of 2021.

4th Quarter 2022 Company Section Outcomes
Personal Treatment Section
4th quarter sales of $ 2.6 billion reduced 3 percent, consisting of natural sales development of 2 percent. Modifications in international money exchange prices minimized sales by 5 percent. Internet asking price enhanced 7 percent and also item mix boosted 2 factors while quantities decreased 7 percent. The organized departure of a personal tag agreement previously this year and also store supply adjustments represented a 2 factor headwind to international Personal Treatment sales.

4th quarter operating earnings of $ 423 million was despite having year-ago. Outcomes took advantage of greater web asking price, desirable item mix and also price financial savings. The contrast was influenced by input price rising cost of living, reduced quantities and also linked set price under absorption, greater advertising, study and also basic costs along with undesirable international money results.

Sales in The United States And Canada were despite having year-ago. Internet asking price enhanced 5 percent and also item mix boosted 1 percent while quantity decreased about 6 percent, showing the organized departure of a personal tag agreement previously in the year along with store supply adjustments. The Thinx procurement enhanced sales 1 factor and also adjustments in international money exchange prices reduced sales about 1 percent.

Sales in D&E markets reduced 6 percent. Modifications in international money exchange prices reduced sales 8 percent. Internet asking price enhanced sales 10 percent and also item mix boosted 3 factors while quantities decreased 11 percent. Organic sales development was largely driven by Latin America and also China, balanced out by decreases in Southeast Asia

Sales in established markets outside The United States And Canada ( Australia, South Korea and also Western/ Central Europe) reduced 4 percent. Modifications in international money exchange prices minimized sales 14 percent. Internet asking price enhanced sales 6 percent while quantities and also item mix each added 2 factors of sales development.

Customer Cells Section
4th quarter sales of $ 1.6 billion was despite having year-ago with natural sales up 5 percent. Internet asking price enhanced sales 11 percent while quantities decreased 6 percent. Modifications in international money exchange prices minimized sales 5 percent. 4th quarter operating earnings of $ 239 million enhanced 19 percent. Outcomes took advantage of greater web asking price and also price financial savings. The contrast was influenced by input price rising cost of living, reduced quantities and also the linked taken care of price under absorption, along with undesirable international money results.

Sales in The United States And Canada enhanced 2 percent. Internet asking price increased 8 percent while quantities decreased 6 percent.

Sales in D&E markets reduced 1 percent. Modifications in international money exchange prices reduced sales 6 percent. Internet asking price increased 13 percent and also item mix boosted 1 factor, while quantities were down 9 percent.

Sales in established markets outside The United States And Canada reduced 3 percent. Modifications in international money exchange prices reduced sales 14 percent. Internet asking price increased about 16 percent, with solid rates gains throughout all markets, while quantities decreased 5 factors.

K-C Specialist (KCP) Section
4th quarter sales of $ 0.8 billion enhanced 11 percent, consisting of natural sales development of 16 percent. Internet asking price increased 20 percent, item mix boosted sales 1 factor while quantities decreased 5 percent. Modifications in international money exchange prices reduced sales 5 percent. 4th quarter operating earnings of $ 163 million enhanced 126 percent. Outcomes took advantage of greater web asking price, desirable item mix and also price financial savings. The contrast was influenced by input price rising cost of living, reduced quantities along with undesirable international money results.

Sales in The United States And Canada enhanced 17 percent. Internet asking price increased 19 percent, item mix enhanced sales 1 factor while quantities decreased 2 percent. Modifications in international money exchange prices reduced sales 1 percent. Bathroom items and also wipers sales were up double-digits while the sale of security items stabilized complying with raised need throughout 2021.

Sales in D&E markets enhanced 3 percent. Internet asking price enhanced 11 percent and also item mix enhanced sales 2 factors while quantities decreased 3 percent. Modifications in international money exchange prices reduced sales 7 percent.

Sales in established markets outside The United States And Canada enhanced 1 percent. Internet asking price enhanced 30 percent and also item mix boosted sales 3 factors while quantities decreased 17 percent, largely driven by Western Europe Modifications in international money exchange prices minimized sales 15 percent.

Complete Year 2022 Outcomes
Sales of $ 20.2 billion enhanced 4 percent. Organic sales enhanced 7 percent, as web asking price increased 9 percent, item mix enhanced sales 1 factor and also quantities decreased 3 percent. Modifications in international money exchange prices reduced sales by about 4 percent.

Operating earnings was $ 2,681 million in 2022 and also $ 2,561 million in 2021. Cause 2022 consist of the web advantage of the procurement of a regulating rate of interest of Thinx and also 2021 outcomes consist of costs pertaining to the 2018 Worldwide Restructuring Program.

Changed operating earnings was $ 2,617 million in 2022 and also $ 2,836 million in 2021. Outcomes were influenced by $ 15 billion of greater input prices, greater advertising, study and also basic costs and also undesirable international money results. Outcomes took advantage of natural sales development and also $ 290 million of require financial savings.

Weakened earnings per share was $ 5.72 in 2022 and also $ 5.35 in 2021. Changed revenues per share of $ 5.63 reduced 9 percent contrasted to $ 6.18 in 2021.

2023 Overview and also Trick Preparation Assumptions
The business released vital preparation and also assistance presumptions for full-year 2023. The expectation mirrors presumptions conditional provided the high degree of volatility in the macro atmosphere. This expectation does not show the effect of the sale of our Brazil cells service which is pending normal problems and also governing authorization.

  • Internet sales boost 0 to 2 percent.
    • Organic sales development of 2 to 4 percent.
    • International money exchange prices undesirable about 2 percent.
  • Operating earnings up mid-to-high solitary figures versus readjusted operating earnings in 2022.
    • Expense financial savings related to require program in-line with the previous year.
    • Input sets you back anticipated to boost $ 200 to $ 300 million
    • International money exchange prices anticipated to decrease operating earnings by low-double figures or about $ 300 to $ 400 million
    • Advertising and marketing, study and also basic costs anticipated to be up year-on-year driven by ongoing financial investment in business, consisting of greater advertising and marketing costs, along with basic rising cost of living.
  • Nonoperating expenditure anticipated to boost about $ 40 million versus readjusted nonoperating expenditure in 2022, largely connected to rate of interest driven staff member postretirement advantage expenditure.
  • Internet rate of interest expenditure anticipated to boost high-single figures year-over-year.
  • Reliable tax obligation price 23 to 25 percent.
  • Take-home pay from equity business comparable to previous year.
  • Incomes per share rise 2 to 6 percent versus modified revenues per share in 2022.
  • Capital expense of $ 800 to $ 900 million
  • The Board of Supervisors accepted to boost the returns by 1.7 percent to $ 1.18 per share, up from $ 1.16 per share in 2022. The initial returns will certainly be payable on April 4, 2023 to investors of document on March 10, 2023
  • Share repurchases of $ 100 to $ 150 million, based on market problems.

Supplemental Products and also Live Webcast
At about 7:00 a.m. (CST) on January 25, 2023, the business will certainly upload additional products concerning its full-year 2022 outcomes and also 2023 expectation at www.kimberly-clark.com

At 9:00 a.m. (CST) on January 25, 2023, the business will certainly hold a real-time teleconference with financiers and also experts. Investors and also others are welcomed to pay attention to the real-time program or a playback, which will certainly come on the business’s site at www.kimberly-clark.com

Concerning Kimberly-Clark
Kimberly-Clark (NYSE: KMB) and also its relied on brand names are an important component of life for individuals in greater than 175 nations. Sustained by resourcefulness, imagination, and also an understanding of individuals’s most vital requirements, we’re devoted to our objective of Better Take care of a Better Globe. Our profile of brand names, consisting of Huggies, Kleenex, Scott, Kotex, Cottonelle, Grace, Depend, Andrex, Pull-Ups, GoodNites, Intimus, Neve, Plenitud, Sweety, Softex, Viva and also WypAll, holds No. 1 or No. 2 share placements in about 80 nations. We make use of lasting methods that sustain a healthy and balanced earth, construct solid neighborhoods, and also guarantee our service prospers for years to find. To stay on par with the most up to date information and also to read more concerning the business’s 150-year background of technology, check out www.kimberly-clark.com

Duplicates of Kimberly-Clark’s Yearly Record to Stockholders and also its proxy declarations and also various other SEC filings, consisting of Yearly Records on Kind 10-K, Quarterly Records on Kind 10-Q and also Existing Records on Kind 8-K, are provided at no cost on the business’s site on the exact same day they are submitted with the SEC. To check out these filings, see the Capitalists area of the business’s site.

Ahead Looking Declarations
Specific issues had in this press release worrying the expectation, prepared for economic and also operating outcomes, resources, power and also various other input prices, expected money prices and also exchange dangers, consisting of in Argentina and also Turkey, earnings from equity business, resources and also uses cash money, the reliable tax obligation price, the expected price financial savings from the business’s require program, development efforts, item advancements, backups and also expected deals of the business make up progressive declarations and also are based upon administration’s assumptions and also ideas worrying future occasions influencing the business. On top of that, numerous aspects outside our control, consisting of the battle in Ukraine (consisting of the associated actions of customers, clients and also distributors along with permissions released by the united state, the European Union, Russia or various other nations), pandemics (consisting of the continuous COVID-19 episode and also the associated actions of federal governments, customers, clients, distributors and also workers), upsurges, the rates and also schedule of our resources, supply chain disturbances, failing to recognize the anticipated advantages or harmonies from our procurement and also personality task (including our pending contract to offer our Neve cells brand name and also linked properties in Brazil), adjustments in client choices, extreme climate condition, federal government profession or comparable governing activities, prospective affordable stress on offering rates for our items, power prices, changes in international money exchange prices, our capability to keep vital client partnerships, along with basic financial and also political problems worldwide and also in the marketplace in which we work, can impact the awareness of these price quotes.

There can be no guarantee that these future occasions will certainly take place as prepared for or that the business’s outcomes will certainly be as approximated. Progressive declarations talk just since the day they were made, and also we carry out no responsibility to openly upgrade them. For a summary of specific aspects that can create the business’s future outcomes to vary from those revealed in any type of such progressive declarations, see Product 1A qualified “Threat Variables” in the business’s Yearly Record on Kind 10-K for the year finished December 31, 2021

Non-GAAP Financial Steps
This press release and also the going along with tables consist of the complying with economic procedures that have actually not been determined based on bookkeeping concepts typically approved in the united state, or GAAP, and also are for that reason described as non-GAAP economic procedures:

  • Changed revenues and also revenues per share
  • Changed gross and also operating earnings
  • Changed reliable tax obligation price

These non-GAAP economic procedures omit the complying with things for the appropriate amount of time as suggested in the going along with non-GAAP settlements to the equivalent GAAP economic procedures:

  • Pension plan negotiations. In 2022, the business identified pension plan negotiation costs connected to lump-sum circulations from pension properties going beyond the total amount of yearly solution and also rate of interest prices causing an acknowledgment of delayed actuarial losses.
  • Procurement of regulating rate of interest in Thinx. In the initial quarter of 2022, the business finished the procurement of a bulk and also regulating share of Thinx. As an outcome of this purchase, a web advantage was identified largely because of the nonrecurring, non-cash gain identified pertaining to the remeasurement of the lugging worth of formerly held equity financial investment to reasonable worth partly balanced out by purchase and also combination prices.
  • 2018 Worldwide Restructuring Program. In 2018, the business started a restructuring program to decrease our architectural price base by improving and also streamlining our production supply chain and also above company. Restructuring costs were sustained in 2018 with 2021. The restructuring activities were finished by the end of 2021.

The business gives these non-GAAP economic procedures as additional info to our GAAP economic procedures. Administration and also the business’s Board of Supervisors make use of modified revenues, readjusted revenues per share and also readjusted gross and also operating earnings to (a) examine the business’s historic and also possible economic efficiency and also its efficiency about its rivals, (b) allot sources and also (c) determine the functional efficiency of the business’s service systems and also their supervisors. Administration likewise thinks that making use of a modified reliable tax obligation price gives boosted understanding right into the tax obligation results of our continuous service procedures.

In Addition, the Administration Growth and also Payment Board of the business’s Board of Supervisors has actually utilized specific of the non-GAAP economic procedures when establishing and also examining success of reward payment objectives. These objectives are based, partially, on the business’s modified revenues per share and also renovation in the business’s modified return on spent resources figured out by leaving out specific of the changes that are utilized in computing these non-GAAP economic procedures.

This press release consists of info pertaining to natural sales development, which explains the effect of adjustments in quantity, web asking price and also item mix on web sales. Modifications in international money exchange prices, procurements and also left services likewise influence the year-over-year adjustment in web sales.

KIMBERLY-CLARK FIRM

COMBINED REVENUE DECLARATIONS

( Many Millions, other than per share quantities)



3 Months Finished
December 31




2022


2021


Adjustment

Internet Sales

$ 4,964


$ 4,965


Expense of items marketed

3,337


3,529


-5 %

Gross Revenue

1,627


1,436


+13 %

Advertising and marketing, study and also basic costs

916


911


+1 %

Various other (earnings) and also expenditure, internet

( 1 )


4


N.M.

Operating Revenue

712


521


+37 %

Nonoperating expenditure

( 24 )


( 15 )


+60 %

Rate of interest earnings

7


2


+250 %

Rate of interest expenditure

( 76 )


( 64 )


+19 %

Earnings Prior To Earnings Tax Obligations and also Equity Rate Of Interests

619


444


+39 %

Arrangement for earnings tax obligations

( 139 )


( 93 )


+49 %

Earnings Prior To Equity Rate Of Interests

480


351


+37 %

Share of earnings of equity business

35


10


+250 %

Take-home Pay

515


361


+43 %

Take-home pay attributable to noncontrolling rate of interests

( 8 )


( 4 )


+100 %

Take-home Pay Attributable to Kimberly-Clark Firm

$ 507


$ 357


+42 %







Per Share Basis






Take-home Pay Attributable to Kimberly-Clark Firm






Standard

$ 1.50


$ 1.06


+42 %

Watered Down

$ 1.50


$ 1.06


+42 %







Cash Money Returns Proclaimed

$ 1.16


$ 1.14


+2 %













Typical Shares Impressive

December 31




2022


2021



Impressive shares since

337.5


336.8



Typical watered down shares for 3 months finished

338.5


338.2









N.M. – Not Significant

Unaudited

KIMBERLY-CLARK FIRM

COMBINED REVENUE DECLARATIONS

( Many Millions, other than per share quantities)



Twelve Months Finished
December 31




2022


2021


Adjustment

Internet Sales

$ 20,175


$ 19,440


+4 %

Expense of items marketed

13,956


13,452


+4 %

Gross Revenue

6,219


5,988


+4 %

Advertising and marketing, study and also basic costs

3,581


3,399


+5 %

Various other (earnings) and also expenditure, internet

( 43 )


28


N.M.

Operating Revenue

2,681


2,561


+5 %

Nonoperating expenditure

( 73 )


( 86 )


-15 %

Rate of interest earnings

14


6


+133 %

Rate of interest expenditure

( 282 )


( 256 )


+10 %

Earnings Prior To Earnings Tax Obligations and also Equity Rate Of Interests

2,340


2,225


+5 %

Arrangement for earnings tax obligations

( 495 )


( 479 )


+3 %

Earnings Prior To Equity Rate Of Interests

1,845


1,746


+6 %

Share of earnings of equity business

116


98


+18 %

Take-home Pay

1,961


1,844


+6 %

Take-home pay attributable to noncontrolling rate of interests

( 27 )


( 30 )


-10 %

Take-home Pay Attributable to Kimberly-Clark Firm

$ 1,934


$ 1,814


+7 %







Per Share Basis






Take-home Pay Attributable to Kimberly-Clark Firm






Standard

$ 5.73


$ 5.38


+7 %

Watered Down

$ 5.72


$ 5.35


+7 %







Cash Money Returns Proclaimed

$ 4.64


$ 4.56


+2 %













Typical Shares Impressive

December 31




2022


2021



Typical watered down shares for twelve months finished

338.3


338.8









N.M. – Not Significant

2022 Information is Unaudited

KIMBERLY-CLARK FIRM

NON-GAAP SETTLEMENTS

( Many Millions, other than per share quantities)




3 Months Finished December 31, 2022



As

Reported


Pension Plan
Negotiations


As

Changed

Non-GAAP

Nonoperating expenditure


$ (24 )


$ (18 )


$ (6 )

Arrangement for earnings tax obligations


( 139 )


5


( 144 )

Reliable tax obligation price


22.5 %



22.6 %

Take-home Pay Attributable to Kimberly-Clark Firm


507


( 13 )


520

Diluted Incomes per Share( a)


1.50


( 0.04 )


1.54










3 Months Finished December 31, 2021



As

Reported


2018 Worldwide
Restructuring
Program


As

Changed

Non-GAAP

Expense of items marketed


$ 3,529


$ 56


$ 3,473

Gross earnings


1,436


( 56 )


1,492

Advertising and marketing, study and also basic costs


911


33


878

Various other (earnings) and also expenditure, internet


4


1


3

Operating earnings


521


( 90 )


611

Nonoperating expenditure


( 15 )


( 14 )


( 1 )

Arrangement for earnings tax obligations


( 93 )


27


( 120 )

Reliable tax obligation price


20.9 %



21.9 %

Share of earnings of equity business


10


( 7 )


17

Take-home pay attributable to noncontrolling rate of interests


( 4 )


2


( 6 )

Take-home pay attributable to Kimberly-Clark Firm


357


( 82 )


439

Weakened revenues per share( a)


1.06


( 0.24 )


1.30



( a) ” As Modified Non-GAAP” might not equate to “As Reported” plus “Adjustments” as an outcome of rounding.


Unaudited

KIMBERLY-CLARK FIRM

NON-GAAP SETTLEMENTS

( Many Millions, other than per share quantities)




Twelve Months Finished December 31, 2022



As

Reported


Procurement of
Managing
Rate Of Interest in Thinx


Pension Plan
Negotiations


As

Changed

Non-GAAP

Advertising and marketing, study and also basic costs


$ 3,581


$ 21


$ —


$ 3,560

Various other (earnings) and also expenditure, internet


( 43 )


( 85 )



42

Operating Revenue


2,681


64



2,617

Nonoperating expenditure


( 73 )



( 52 )


( 21 )

Arrangement for earnings tax obligations


( 495 )


4


13


( 512 )

Reliable tax obligation price


21.2 %




22.0 %

Take-home Pay Attributable to Kimberly-Clark Firm


1,934


68


( 39 )


1,905

Diluted Incomes per Share( a)


5.72


0.20


( 0.12 )


5.63












Twelve Months Finished December 31, 2021



As

Reported


2018 Worldwide
Restructuring
Program


As

Changed

Non-GAAP

Expense of items marketed


$ 13,452


$ 154


$ 13,298

Gross earnings


5,988


( 154 )


6,142

Advertising and marketing, study and also basic costs


3,399


111


3,288

Various other (earnings) and also expenditure, internet


28


10


18

Operating earnings


2,561


( 275 )


2,836

Nonoperating expenditure


( 86 )


( 79 )


( 7 )

Arrangement for earnings tax obligations


( 479 )


75


( 554 )

Reliable tax obligation price


21.5 %



21.5 %

Share of earnings of equity business


98


( 7 )


105

Take-home pay attributable to noncontrolling rate of interests


( 30 )


5


( 35 )

Take-home pay attributable to Kimberly-Clark Firm


1,814


( 281 )


2,095

Weakened revenues per share( a)


5.35


( 0.83 )


6.18



( a) ” As Modified Non-GAAP” might not equate to “As Reported” plus “Adjustments” as an outcome of rounding.


Non-GAAP economic procedures are not suggested to be thought about alone or as a replacement for the equivalent GAAP procedures, and also they ought to read just combined with the business’s combined economic declarations prepared based on GAAP. There are restrictions to these non-GAAP economic procedures due to the fact that they are not prepared based on GAAP and also might not approach likewise entitled procedures of various other business because of prospective distinctions in approaches of estimation and also things being left out. The business makes up for these restrictions by utilizing these non-GAAP economic procedures as a supplement to the GAAP procedures and also by supplying settlements of the non-GAAP and also equivalent GAAP economic procedures.


Unaudited

KIMBERLY-CLARK FIRM

COMBINED ANNUAL REPORT

( Millions)



December 31


2022


2021

POSSESSIONS




Existing Properties




Money and also cash money matchings

$ 427


$ 270

Accounts receivable, internet

2,280


2,207

Supplies

2,269


2,239

Various other present properties

753


849

Complete Existing Properties

5,729


5,565

Residential Or Commercial Property, Plant and also Devices, Web

7,885


8,097

Investments in Equity Business

238


290

A Good Reputation

2,074


1,840

Various Other Abstract Properties, Web

851


810

Various Other Properties

1,193


1,235

OVERALL POSSESSIONS

$ 17,970


$ 17,837





OBLIGATIONS AND ALSO SHAREHOLDERS’ EQUITY




Existing Responsibilities




Financial debt payable within one year

$ 844


$ 433

Profession accounts payable

3,813


3,840

Built up costs and also various other present obligations

2,289


2,096

Dividends payable

388


380

Complete Existing Responsibilities

7,334


6,749

Long-Term Financial Obligation

7,578


8,141

Noncurrent Worker Advantages

654


809

Deferred Earnings Tax Obligations

647


694

Various Other Responsibilities

799


681

Redeemable Common and also Preferred Stocks of Subsidiaries

258


26

Stockholders’ Equity




Kimberly-Clark Firm

547


514

Noncontrolling Rate Of Interests

153


223

Complete Investors’ Equity

700


737

OVERALL OBLIGATIONS AND ALSO SHAREHOLDERS’ EQUITY

$ 17,970


$ 17,837

KIMBERLY-CLARK FIRM

COMBINED CAPITAL DECLARATIONS

( Millions)




3 Months Finished
December 31


Twelve Months Finished
December 31


2022


2021


2022


2021

Operating Tasks








Take-home pay

$ 515


$ 361


$ 1,961


$ 1,844

Devaluation and also amortization

186


194


754


766

Property problems




3

Gain on formerly held equity financial investment in Thinx



( 85 )


Stock-based payment

49


( 4 )


150


26

Deferred earnings tax obligations

74


( 28 )


( 57 )


( 70 )

Web (gains) losses on property personalities

1


5


15


39

Equity business’ revenues (over of) much less than returns paid

27


50


6


25

Operating functioning resources

149


478


( 17 )


46

Postretirement advantages

( 10 )


8


( 4 )


47

Various Other


( 2 )


10


4

Cash Money Offered by Workflow

991


1,062


2,733


2,730

Spending Tasks








Capital expense

( 197 )


( 273 )


( 876 )


( 1,007)

Procurement of service, internet of cash money obtained



( 46 )


Profits from personalities of home

5


12


12


43

Investments in time down payments

( 247 )


( 286 )


( 658 )


( 918 )

Maturations of time down payments

165


238


797


836

Various Other

6


( 11 )


( 14 )


( 10 )

Cash Money Utilized for Spending

( 268 )


( 320 )


( 785 )


( 1,056)

Funding Tasks








Money returns paid

( 391 )


( 383 )


( 1,558)


( 1,516)

Adjustment in temporary financial obligation

( 226 )


( 951 )


261


( 97 )

Financial debt earnings


600



605

Financial debt payments



( 312 )


( 269 )

Profits from workout of supply alternatives

10


13


94


65

Procurements of ordinary shares for the treasury

( 26 )


( 7 )


( 100 )


( 400 )

Money returns paid to noncontrolling rate of interests

( 16 )


( 19 )


( 98 )


( 36 )

Various Other

( 2 )


( 8 )


( 47 )


( 48 )

Cash Money Utilized for Funding

( 651 )


( 755 )


( 1,760)


( 1,696)

Impact of Currency Exchange Rate Modifications on Cash Money and also Cash Money Matchings

( 7 )


( 3 )


( 31 )


( 11 )

Adjustment in Cash Money and also Cash Money Matchings

65


( 16 )


157


( 33 )

Cash Money and also Cash Money Matchings – Start of Duration

362


286


270


303

Cash Money and also Cash Money Matchings – End of Duration

$ 427


$ 270


$ 427


$ 270

KIMBERLY-CLARK FIRM

CHOSEN SERVICES SEGMENT INFORMATION

( Millions)




3 Months Finished
December 31




Twelve Months Finished
December 31





2022


2021


Adjustment


2022


2021


Adjustment

WEB SALES













Personal Treatment


$ 2,555


$ 2,632


-3 %


$ 10,622


$ 10,267


+3 %

Customer Cells


1,560


1,559



6,243


6,034


+3 %

K-C Specialist


838


758


+11 %


3,256


3,072


+6 %

Corporate & & Other


11


16


N.M.


54


67


N.M.

OVERALL WEB SALES


$ 4,964


$ 4,965



$ 20,175


$ 19,440


+4%














OPERATING EARNINGS













Personal Treatment


$ 423


$ 425



$ 1,787


$ 1,856


-4%

Customer Cells


239


201


+19%


806


888


-9%

K-C Specialist


163


72


+126%


457


404


+13%

Corporate & Other( a)


(114)


( 173)


N.M.


( 412 )


( 559)


N.M.

Various other( earnings ) and also expenditure, internet( a)


( 1)


4


N.M.( & *) (43)


28


N.M.


OVERALL OPERATING EARNINGS

$ 712


$ 521


+37 %


$ 2,681


$ 2,561


+5 %(* )( a)


Corporate & Other and also Various other (earnings) and also expenditure, web consist of earnings and also expenditure not related to business sectors, consisting of changes as suggested in the Non-GAAP Reconciliations.



PERCENT MODIFICATION IN WEB BUSINESS VERSUS PRIOR YEAR

3 Months Finished December 31, 2022

Complete




( a)



Quantity


Web

Rate


Mix/

Various Other


Money

Organic


( b)



Personal Treatment( 3 )

( 7 )


7


2


( 5 )


2


Customer Cells



( 6 )


11



( 5 )


5


K-C Specialist



11

( 5 )


20


1


( 5 )


16


OVERALL COMBINED



( 7 )


10


1


( 5 )


5


Twelve Months Finished December 31, 2022



Complete






( a)



Quantity


Web

Rate


Mix/

Various Other


Money

Organic


( b)



Personal Treatment 3

( 3 )


8


2


( 3 )


7


Customer Cells



3

( 1 )


8



( 4 )


7


K-C Specialist



6

( 4 )


12


1


( 4 )


9


OVERALL COMBINED



4

( 3 )


9


1


( 4 )


7


( a)



Overall might not equate to the amount of quantity, web cost, mix/other and also money because of rounding.



( b)

Mixed effect of adjustments in quantity, web cost and also mix/other.

N.M. – Not Significant

Unaudited



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Resource Kimberly-Clark Firm

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