Company Information

Learn More About XBRL  

Address: THREE LAKES DRIVE  
City: NORTHFIELD 
State: IL 
Zip Code: 60093 
Telephone: 847-646-2000 


Description of Business


Primary SIC Code: 2000
(As filed with the SEC)  

Kraft was incorporated in 2000 in the Commonwealth of Virginia. We manufacture and market packaged foods and beverages worldwide in more than 150 countries. We have nine brands with revenues exceeding $1 billion: Kraft cheeses, dinners and dressings; Oscar Mayer meats; Philadelphia cream cheese; Maxwell House coffee; Nabisco cookies and crackers and its Oreo brand; Jacobs coffees, Milka chocolates and LU biscuits. We have more than 50 additional brands with revenues of at least $100 million. Prior to June 13, 2001, Kraft was a wholly-owned subsidiary of Altria Group, Inc. ("Altria"). On June 13, 2001, we completed an initial public offering of 280,000,000 shares of our Common Stock at a price of $31.00 per share. In the first quarter of 2007, Altria spun off its remaining interest (89.0%) in Kraft on a pro rata basis to Altria stockholders in a tax-free transaction.  ... More ...  

Per Share Overview

Date 12-mos Rolling EPS Dividend P/E Ratio
09/20081.650.29019.85
06/20081.630.27017.45
03/20081.590.27019.50
12/20071.620.27020.14
09/20071.630.27021.17
06/20071.700.25020.74
03/20071.670.25018.96
12/20061.850.25019.30

Key Financial Ratios and Statistics

FYE: 12/31

Profitability 2007 Leverage 2007
Net Inc/Comm Equity0.15Total Liab/Total Assets0.60
Net Inc/Total Assets0.04Total Liab/Inv Cap0.95
Net Inc/Inv Cap0.06Total Liab/Comm Equity2.41
Pretax Inc/Net Sales0.10Interest Coverage Ratio6.34
Net Inc/Net Sales0.07Curr Debt/Equity0.30
Cash Flow/Net Sales0.10LTD/Equity0.47
SG&A/NetSales0.21Total Debt/Equity0.77
Asset Utilization   Liquidity  
Net Receivables Turnover7.43Quick Ratio0.39
Inventory Turnover6.49Current Ratio0.63
Inventory Day Sales0.02Net Rec/Curr Assets0.54
Net Sales/Work Cap-5.87Inv/Curr Assets0.38
Net Sales/PP&E3.46  

Income Statement (Millions)

  9/30/2008 6/30/2008 3/31/2008 12/31/2007
Total Revenues(Net Sales) 9,886.00 11,176.00 10,372.00 10,396.00
Cost of Goods Sold 6,790.00 7,132.00 6,891.00 7,176.00
Selling & Admin Exps 2,125.00 2,353.00 2,211.00 2,067.00
Operating Income 840.00 1,510.00 1,165.00 1,040.00
Interest Exp 298.00 331.00 305.00 320.00
Pretax Income 542.00 1,179.00 860.00 814.00
Other Income NA NA NA 94.00
Net Income Bef Extraordinary ... NA NA NA NA
Net Income 1,398.00 732.00 608.00 585.00

Balance Sheet (Millions)

Assets 9/30/2008 6/30/2008 3/31/2008 12/31/2007
Cash & Short Term Investments 737.00 708.00 605.00 567.00
Receivables - Total 5,463.00 5,704.00 5,976.00 5,772.00
Inventories - Total 4,664.00 4,846.00 4,667.00 4,096.00
Total Current Assets 11,257.00 11,674.00 11,678.00 10,737.00
Net Property, Plant & Equipment 10,638.00 11,464.00 11,311.00 10,778.00
Total Assets 66,945.00 70,845.00 70,026.00 67,993.00
Liabilities        
Accounts Payable 6,092.00 6,340.00 6,732.00 8,066.00
Debt in Current Liabilities 1,719.00 2,942.00 5,244.00 8,107.00
Total Current Liabilities 10,295.00 11,830.00 14,254.00 17,086.00
Long-Term Debt 18,874.00 19,348.00 17,428.00 12,902.00
Total Liabilities 40,544.00 42,895.00 42,760.00 40,698.00
Stockholder's Equity        
Minority Interest NA NA NA NA
Preferred Stock NA NA NA NA
Common Stock NA NA NA NA
Retained Earnings 13,623.00 12,670.00 12,389.00 12,209.00
Treasury Stock -8,722.00 -6,987.00 -7,054.00 -6,524.00
Total Stockholders' Equity 26,401.00 27,950.00 27,266.00 27,295.00
Total Liabilities and Stockholders' Equity 66,945.00 70,845.00 70,026.00 67,993.00

Cash Flow Summary (Millions)

Categories 9/30/2008 6/30/2008 3/31/2008 12/31/2007
Net Cash Provided by Operating Activities 1,180.00 1,132.00 217.00 1,291.00
Net Cash Provided by Investing Activities -307.00 -323.00 -294.00 -7,776.00
Net Cash Provided by Financing Activities -778.00 -724.00 99.00 6,524.00

Annual Summary Data (Millions)

Year Sales Net Income EPS
12/200331,010.003,476.002.01
12/200432,168.002,665.001.55
12/200534,113.002,632.001.72
12/200634,356.003,060.001.85
12/200737,241.002,590.001.62
Growth Rates4.68-7.09-5.25

Stock Ownership

Type Date(Q,M) No. Owners Shares Held (000s) % Own
Institutional12/31/089301,098,11374.75




Report Date : 1/6/2009

Powered By Edgar Online Copyright 2009, EDGAR Online, Inc. All rights reserved. Replication or redistribution of EDGAR Online, Inc. content is expressly prohibited without the prior written consent of EDGAR Online, Inc. EDGAR Online, Inc. shall not be liable for any errors or delays in the content, or for any actions taken in reliance thereon.