$KVUE
Kenvue Inc.

2023 Q3 Form 10-Q Financial Statement

#000194404823000020 Filed on August 02, 2023

View on sec.gov

Income Statement

Concept 2023 Q3 2023 Q1 2022 Q3
Revenue $4.011B $3.767B $3.804B
YoY Change 5.44% 0.91%
Cost Of Revenue $1.786B $1.693B $1.646B
YoY Change 8.51% -2.48%
Gross Profit $2.225B $2.074B $2.158B
YoY Change 3.1% 3.86%
Gross Profit Margin 55.47% 55.06% 56.73%
Selling, General & Admin $1.522B $1.426B $1.375B
YoY Change 10.69% 4.16%
% of Gross Profit 68.4% 68.76% 63.72%
Research & Development $99.00M $103.0M $94.00M
YoY Change 5.32% 0.98%
% of Gross Profit 4.45% 4.97% 4.36%
Depreciation & Amortization $148.0M $166.0M $161.0M
YoY Change -8.07% -77.29%
% of Gross Profit 6.65% 8.0% 7.46%
Operating Expenses $1.621B $1.529B $1.469B
YoY Change 10.35% 3.94%
Operating Profit $702.0M $545.0M $770.0M
YoY Change -8.83% 3.61%
Interest Expense $53.00M -$19.00M $0.00
YoY Change 280.0%
% of Operating Profit 7.55% -3.49% 0.0%
Other Income/Expense, Net -$10.00M $5.000M
YoY Change -300.0%
Pretax Income $639.0M $512.0M $775.0M
YoY Change -17.55% -0.97%
Income Tax $209.0M $142.0M $171.0M
% Of Pretax Income 32.71% 27.73% 22.06%
Net Earnings $430.0M $370.0M $604.0M
YoY Change -28.81% -9.98%
Net Earnings / Revenue 10.72% 9.82% 15.88%
Basic Earnings Per Share $0.23 $0.21 $0.35
Diluted Earnings Per Share $0.23 $0.20 $0.35
COMMON SHARES
Basic Shares Outstanding 1.838B shares 1.716B shares
Diluted Shares Outstanding 1.838B shares 1.716B shares

Balance Sheet

Concept 2023 Q3 2023 Q1 2022 Q3
SHORT-TERM ASSETS
Cash & Short-Term Investments $1.231B $1.231B
YoY Change
Cash & Equivalents $1.231B $1.231B $838.0M
Short-Term Investments
Other Short-Term Assets $223.0M $298.0M
YoY Change
Inventory $2.026B $2.226B
Prepaid Expenses
Receivables $2.096B $2.122B
Other Receivables $0.00 $0.00
Total Short-Term Assets $6.219B $5.877B
YoY Change
LONG-TERM ASSETS
Property, Plant & Equipment $1.832B $1.820B
YoY Change
Goodwill $9.081B $9.185B $9.146B
YoY Change -0.71% -6.37%
Intangibles $9.678B $9.853B
YoY Change
Long-Term Investments
YoY Change
Other Assets $589.0M $581.0M
YoY Change
Total Long-Term Assets $21.32B $21.44B
YoY Change
TOTAL ASSETS
Total Short-Term Assets $6.219B $5.877B
Total Long-Term Assets $21.32B $21.44B
Total Assets $27.54B $27.32B
YoY Change
SHORT-TERM LIABILITIES
YoY Change
Accounts Payable $2.354B $1.829B
YoY Change
Accrued Expenses $1.201B $2.097B
YoY Change
Deferred Revenue
YoY Change
Short-Term Debt $752.0M $0.00
YoY Change
Long-Term Debt Due $0.00
YoY Change
Total Short-Term Liabilities $5.299B $3.926B
YoY Change
LONG-TERM LIABILITIES
Long-Term Debt $7.684B $0.00
YoY Change
Other Long-Term Liabilities $593.0M $941.0M
YoY Change
Total Long-Term Liabilities $593.0M $941.0M
YoY Change
TOTAL LIABILITIES
Total Short-Term Liabilities $5.299B $3.926B
Total Long-Term Liabilities $593.0M $941.0M
Total Liabilities $16.50B $7.295B
YoY Change
SHAREHOLDERS EQUITY
Retained Earnings $430.0M $0.00
YoY Change
Common Stock $19.00M $0.00
YoY Change
Preferred Stock
YoY Change
Treasury Stock (at cost)
YoY Change
Treasury Stock Shares
Shareholders Equity $11.04B $20.02B $19.60B
YoY Change
Total Liabilities & Shareholders Equity $27.54B $27.32B
YoY Change

Cashflow Statement

Concept 2023 Q3 2023 Q1 2022 Q3
OPERATING ACTIVITIES
Net Income $430.0M $370.0M $604.0M
YoY Change -28.81% -9.98%
Depreciation, Depletion And Amortization $148.0M $166.0M $161.0M
YoY Change -8.07% -77.29%
Cash From Operating Activities $742.0M $644.0M $807.0M
YoY Change -8.05% 92.81%
INVESTING ACTIVITIES
Capital Expenditures $77.00M $159.0M $76.00M
YoY Change 1.32% -46.1%
Acquisitions
YoY Change
Other Investing Activities $0.00 -$8.000M $3.000M
YoY Change -100.0% -106.45%
Cash From Investing Activities -$77.00M -$167.0M -$73.00M
YoY Change 5.48% -2.34%
FINANCING ACTIVITIES
Cash Dividend Paid
YoY Change
Common Stock Issuance & Retirement, Net
YoY Change
Debt Paid & Issued, Net
YoY Change
Cash From Financing Activities -8.806B -63.00M -675.0M
YoY Change 1204.59%
NET CHANGE
Cash From Operating Activities 742.0M 644.0M 807.0M
Cash From Investing Activities -77.00M -167.0M -73.00M
Cash From Financing Activities -8.806B -63.00M -675.0M
Net Change In Cash -8.141B 414.0M 59.00M
YoY Change -13898.31% 153.99%
FREE CASH FLOW
Cash From Operating Activities $742.0M $644.0M $807.0M
Capital Expenditures $77.00M $159.0M $76.00M
Free Cash Flow $665.0M $485.0M $731.0M
YoY Change -9.03% 1143.59%

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false
CY2023Q3 ecd Rule10b51 Arr Trmntd Flag
Rule10b51ArrTrmntdFlag
false
CY2023Q3 ecd Non Rule10b51 Arr Trmntd Flag
NonRule10b51ArrTrmntdFlag
false

Files In Submission

Name View Source Status
0001944048-23-000020-index-headers.html Edgar Link pending
0001944048-23-000020-index.html Edgar Link pending
0001944048-23-000020.txt Edgar Link pending
0001944048-23-000020-xbrl.zip Edgar Link pending
a20232qex311ceocertificati.htm Edgar Link pending
a20232qex312cfocertificati.htm Edgar Link pending
a20232qex321ceocertificati.htm Edgar Link pending
a20232qex322cfocertificati.htm Edgar Link pending
Financial_Report.xlsx Edgar Link pending
kvue-20230702.htm Edgar Link pending
kvue-20230702.xsd Edgar Link pending
MetaLinks.json Edgar Link pending
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report.css Edgar Link pending
Show.js Edgar Link pending
kvue-20230702_cal.xml Edgar Link unprocessable
kvue-20230702_lab.xml Edgar Link unprocessable
kvue-20230702_def.xml Edgar Link unprocessable
kvue-20230702_pre.xml Edgar Link unprocessable
FilingSummary.xml Edgar Link unprocessable
kvue-20230702_htm.xml Edgar Link completed