| 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 ... |
| Date |
12-mos
Rolling EPS |
Dividend |
P/E
Ratio |
| 09/2008 | 1.65 | 0.290 | 19.85 | | 06/2008 | 1.63 | 0.270 | 17.45 | | 03/2008 | 1.59 | 0.270 | 19.50 | | 12/2007 | 1.62 | 0.270 | 20.14 | | 09/2007 | 1.63 | 0.270 | 21.17 | | 06/2007 | 1.70 | 0.250 | 20.74 | | 03/2007 | 1.67 | 0.250 | 18.96 | | 12/2006 | 1.85 | 0.250 | 19.30 |
Key Financial Ratios and Statistics |
FYE:
12/31 |
| Profitability |
2007 |
Leverage |
2007 |
| Net Inc/Comm Equity | 0.15 | Total Liab/Total Assets | 0.60 | | Net Inc/Total Assets | 0.04 | Total Liab/Inv Cap | 0.95 | | Net Inc/Inv Cap | 0.06 | Total Liab/Comm Equity | 2.41 | | Pretax Inc/Net Sales | 0.10 | Interest Coverage Ratio | 6.34 | | Net Inc/Net Sales | 0.07 | Curr Debt/Equity | 0.30 | | Cash Flow/Net Sales | 0.10 | LTD/Equity | 0.47 | | SG&A/NetSales | 0.21 | Total Debt/Equity | 0.77 |
| Asset Utilization
|
|
Liquidity |
|
| Net Receivables Turnover | 7.43 | Quick Ratio | 0.39 | | Inventory Turnover | 6.49 | Current Ratio | 0.63 | | Inventory Day Sales | 0.02 | Net Rec/Curr Assets | 0.54 | | Net Sales/Work Cap | -5.87 | Inv/Curr Assets | 0.38 | | Net Sales/PP&E | 3.46 | | |
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
|
|
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 |
| 12/2003 | 31,010.00 | 3,476.00 | 2.01 | | 12/2004 | 32,168.00 | 2,665.00 | 1.55 | | 12/2005 | 34,113.00 | 2,632.00 | 1.72 | | 12/2006 | 34,356.00 | 3,060.00 | 1.85 | | 12/2007 | 37,241.00 | 2,590.00 | 1.62 | | Growth Rates | 4.68 | -7.09 | -5.25 |
| Type |
Date(Q,M) |
No.
Owners |
Shares
Held (000s) |
%
Own |
| Institutional | 12/31/08 | 930 | 1,098,113 | 74.75 |
|
Report Date :
1/6/2009
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