Cash flow Kenvue Inc.

Equities

KVUE

US49177J1025

Personal Products

Market Closed - Nyse Other stock markets 04:00:02 2026-01-23 pm EST			5-day change	1st Jan Change
17.80 ^USD	+0.28%		+3.49%	+3.19%

Jan. 23	How activist investors are shaping today's markets	RE
Jan. 23	Kenvue Set for 'Muted' Q4 Amid Difficult Environment, Tylenol Pressure, RBC Says	MT

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Published financial data: KENVUE INC.

Annual

Quarterly

Halfyear

YTD

LTM

Fiscal Period: December	2020	2021	2022	2023	2024
Revenues	14.47B	15.05B	14.95B	15.44B	15.46B
Total Revenues	14.47B	15.05B	14.95B	15.44B	15.46B
Cost of Goods Sold, Total	6.58B	6.59B	6.61B	6.8B	6.47B
Gross Profit	7.88B	8.47B	8.34B	8.64B	8.99B
Selling General & Admin Expenses, Total	4.91B	5.42B	5.38B	5.68B	6.03B
Other Operating Expenses	-80M	-78M	-28M	18M	16M
Other Operating Expenses, Total	4.83B	5.34B	5.35B	5.7B	6.04B
Operating Income	3.05B	3.13B	2.99B	2.94B	2.94B
Interest Expense, Total	-	-	-	-358M	-431M
Interest And Investment Income	-	-	-	108M	53M
Net Interest Expenses	-	-	-	-250M	-378M
Currency Exchange Gains (Loss)	-40M	-20M	-42M	-58M	-1M
Other Non Operating Income (Expenses)	3M	25M	11M	-5M	28M
EBT, Excl. Unusual Items	3.02B	3.13B	2.96B	2.63B	2.59B
Restructuring Charges	-66M	-117M	-100M	-	-221M
Gain (Loss) On Sale Of Investments	-	-	-	-	-72M
Gain (Loss) On Sale Of Assets	-	-	-	9M	-6M
Asset Writedown	-	-	-12M	-	-578M
Legal Settlements	-3.97B	-92M	7M	-26M	-4M
Other Unusual Items	-	-	-213M	-423M	-296M
EBT, Incl. Unusual Items	-1.02B	2.92B	2.64B	2.19B	1.42B
Income Tax Expense	-137M	894M	550M	526M	385M
Earnings From Continuing Operations	-879M	2.03B	2.09B	1.66B	1.03B
Net Income to Company	-879M	2.03B	2.09B	1.66B	1.03B
Net Income - (IS)	-879M	2.03B	2.09B	1.66B	1.03B
Net Income to Common Incl Extra Items	-879M	2.03B	2.09B	1.66B	1.03B
Net Income to Common Excl. Extra Items	-879M	2.03B	2.09B	1.66B	1.03B
Per Share Items
Net EPS - Basic	-	-	-	0.9	0.54
Basic EPS - Continuing Operations	-	-	-	0.9	0.54
Basic Weighted Average Shares Outstanding	-	-	-	1.85B	1.92B
Net EPS - Diluted	-	-	-	0.9	0.54
Diluted EPS - Continuing Operations	-	-	-	0.9	0.54
Diluted Weighted Average Shares Outstanding	-	-	-	1.85B	1.92B
Normalized Basic EPS	-	-	-	0.89	0.85
Normalized Diluted EPS	-	-	-	0.89	0.84
Dividend Per Share	-	-	-	0.4	0.81
Payout Ratio	-	-	-	874.64	150.68
Supplemental Items
EBITDA	3.8B	3.86B	3.63B	3.57B	3.56B
EBITA	3.47B	3.54B	3.33B	3.26B	3.21B
EBIT	3.05B	3.13B	2.99B	2.94B	2.94B
EBITDAR	4.02B	4.04B	3.78B	3.62B	3.61B
Effective Tax Rate - (Ratio)	13.48	30.56	20.86	24.02	27.21
Current Domestic Taxes	308M	8M	75M	266M	287M
Current Foreign Taxes	356M	318M	318M	374M	383M
Total Current Taxes	664M	326M	393M	640M	670M
Deferred Domestic Taxes	-741M	627M	205M	-39M	-178M
Deferred Foreign Taxes	-60M	-59M	-48M	-75M	-107M
Total Deferred Taxes	-801M	568M	157M	-114M	-285M
Normalized Net Income	1.89B	1.96B	1.85B	1.64B	1.62B
Interest on Long-Term Debt	-	-	-	338M	-
Non-Cash Pension Expense	-	-	7M	9M	3M
Supplemental Operating Expense Items
Advertising Expense	1.16B	1.38B	1.36B	1.35B	1.64B
Selling and Marketing Expenses	1.16B	1.38B	1.36B	1.35B	1.64B
Research And Development Expense From Footnotes	320M	355M	375M	399M	408M
Net Rental Expense, Total	219M	180M	152M	48M	48M
Imputed Operating Lease Interest Expense	-	-	-	32.18M	19.31M
Imputed Operating Lease Depreciation	-	-	-	15.82M	28.69M
Stock-Based Comp., COGS (Total)	-	-	30M	67M	100M
Stock-Based Comp., SG&A Exp. (Total)	-	-	107M	121M	154M
Stock-Based Comp., Other (Total)	115M	141M	-	-	-
Total Stock-Based Compensation	115M	141M	137M	188M	254M

Fiscal Period: December	2020	2021	2022	2023	2024
Assets
Cash And Equivalents	618M	740M	1.23B	1.38B	1.07B
Total Cash And Short Term Investments	618M	740M	1.23B	1.38B	1.07B
Accounts Receivable, Total	1.86B	2.07B	2.12B	2.07B	2.16B
Total Receivables	1.86B	2.07B	2.12B	2.07B	2.16B
Inventory	1.68B	1.7B	2.23B	1.85B	1.59B
Prepaid Expenses	272M	257M	161M	549M	442M
Other Current Assets, Total	162M	154M	137M	283M	257M
Total Current Assets	4.6B	4.93B	5.88B	6.14B	5.52B
Gross Property Plant And Equipment	4.68B	4.47B	5.7B	6.38B	4.66B
Accumulated Depreciation	-4.01B	-3.94B	-3.88B	-4.2B	-2.7B
Net Property Plant And Equipment	670M	524M	1.82B	2.18B	1.96B
Long-term Investments	-	-	66M	71M	-
Goodwill	10.33B	9.81B	9.18B	9.27B	8.84B
Other Intangibles, Total	12.9B	12B	9.85B	9.62B	8.47B
Deferred Tax Assets Long-Term	193M	189M	147M	158M	184M
Other Long-Term Assets, Total	496M	475M	368M	413M	615M
Total Assets	29.18B	27.93B	27.32B	27.85B	25.6B
Liabilities
Accounts Payable, Total	1.58B	1.83B	1.83B	2.49B	2.25B
Accrued Expenses, Total	5.52B	1.81B	1.73B	2.21B	1.74B
Short-term Borrowings	-	-	-	599M	802M
Current Portion of Long-Term Debt	-	-	-	-	748M
Current Portion of Leases	-	49M	35M	44M	38M
Current Income Taxes Payable	393M	357M	329M	142M	74M
Other Current Liabilities	-	-	-	-	82M
Total Current Liabilities	7.49B	4.04B	3.93B	5.48B	5.74B
Long-Term Debt	-	-	-	7.69B	6.94B
Long-Term Leases	160M	80M	81M	97M	195M
Pension & Other Post Retirement Benefits	-	302M	214M	360M	342M
Deferred Tax Liability Non Current	1.76B	2.43B	2.43B	2.62B	2.26B
Other Non Current Liabilities	1.41B	676M	646M	394M	460M
Total Liabilities	10.82B	7.53B	7.3B	16.64B	15.93B
Common Stock, Total	21.93B	24.87B	25.47B	19M	19M
Additional Paid In Capital	-	-	-	16.15B	16.13B
Retained Earnings	-	-	-	429M	-93M
Treasury Stock	-	-	-	-7M	-242M
Comprehensive Income and Other	-3.57B	-4.47B	-5.45B	-5.38B	-6.15B
Total Common Equity	18.36B	20.4B	20.02B	11.21B	9.67B
Total Equity	18.36B	20.4B	20.02B	11.21B	9.67B
Total Liabilities And Equity	29.18B	27.93B	27.32B	27.85B	25.6B
Supplemental Items
ECS Total Shares Outstanding on Filing Date	-	-	-	1.91B	1.91B
ECS Total Common Shares Outstanding	-	-	-	1.92B	1.91B
Book Value / Share	-	-	-	5.85	5.05
Tangible Book Value	-4.87B	-1.42B	983M	-7.68B	-7.65B
Tangible Book Value Per Share	-	-	-	-4.01	-4
Total Debt	160M	129M	116M	8.43B	8.72B
Net Debt	-458M	-611M	-1.12B	7.04B	7.65B
Debt Equivalent of Unfunded Proj. Benefit Obligation	-	-	216M	294M	260M
Debt Equivalent Oper. Leases	1.75B	1.44B	1.22B	384M	384M
Account Code - Inventory Valuation	-	5	5	5	5
Inventories - Raw Materials, Total	238M	264M	351M	304M	274M
Inventories - Work In Process, Total	87M	99M	123M	115M	101M
Inventories - Finished Goods, Total	1.36B	1.34B	1.75B	1.43B	1.22B
Land - (BS)	86M	79M	75M	76M	57M
Buildings, Total	1.79B	1.74B	1.71B	1.75B	1.6B
Machinery, Total	2.58B	2.42B	2.28B	2.45B	2.25B
Full Time Employees	-	20K	22.2K	22K	22K
Accumulated Allowance for Doubtful Accounts (Supple)	37M	32M	35M	25M	26M

Fiscal Period: December	2020	2021	2022	2023	2024
Net Income	-879M	2.03B	2.09B	1.66B	1.03B
Depreciation & Amortization - CF	331M	317M	296M	305M	353M
Amortization of Goodwill and Intangible Assets - (CF)	415M	414M	348M	322M	269M
Depreciation & Amortization, Total	746M	731M	644M	627M	622M
(Gain) Loss From Sale Of Asset	-	-	4M	-	-
(Gain) Loss on Sale of Investments - (CF)	-	-	-	-	72M
Asset Writedown & Restructuring Costs	-35M	-9M	-	-	578M
Stock-Based Compensation (CF)	115M	141M	137M	188M	254M
Provision and Write-off of Bad Debts	9M	4M	9M	-	-
Other Operating Activities, Total	-801M	568M	157M	-108M	-216M
Change In Accounts Receivable	265M	-303M	-142M	44M	-218M
Change In Inventories	109M	-77M	-582M	349M	182M
Change In Accounts Payable	154M	330M	52M	390M	-536M
Change In Income Taxes	-96M	-19M	-5M	-331M	-61M
Change in Other Net Operating Assets	3.81B	-3.06B	164M	345M	62M
Cash from Operations	3.4B	334M	2.52B	3.17B	1.77B
Capital Expenditure	-229M	-295M	-393M	-469M	-440M
Sale of Property, Plant, and Equipment	176M	59M	-	21M	-
Cash Acquisitions	-	-	-	-	-
Investment in Marketable and Equity Securities, Total	-30M	65M	3M	-	-
Other Investing Activities, Total	-	-	-	-40M	15M
Cash from Investing	-83M	-171M	-390M	-488M	-425M
Short Term Debt Issued, Total	-	-	-	574M	159M
Long-Term Debt Issued, Total	-	-	14M	7.69B	-
Total Debt Issued	-	-	14M	8.26B	159M
Short Term Debt Repaid, Total	-	-	-	-14M	-
Long-Term Debt Repaid, Total	-11M	-7M	-	-	-
Total Debt Repaid	-11M	-7M	-	-14M	-
Issuance of Common Stock	-	-	-	4.24B	-
Repurchase of Common Stock	-	-	-	-	-235M
Common Dividends Paid	-	-	-	-14.55B	-1.55B
Common & Preferred Stock Dividends Paid	-	-	-	-14.55B	-1.55B
Other Financing Activities, Total	-3.45B	7M	-1.6B	-460M	63M
Cash from Financing	-3.46B	0	-1.58B	-2.53B	-1.56B
Foreign Exchange Rate Adjustments	9M	-41M	-61M	-2M	-91M
Net Change in Cash	-134M	122M	491M	151M	-312M
Supplemental Items
Cash Interest Paid	-	-	-	224M	439M
Cash Income Tax Paid (Refund)	448M	363M	316M	699M	810M
Levered Free Cash Flow	-	-1.18B	1.69B	2.8B	1.62B
Unlevered Free Cash Flow	-	-1.18B	1.69B	3.02B	1.89B
Change In Net Working Capital	-	3.71B	563M	-837M	386M
Net Debt Issued / Repaid	-11M	-7M	14M	8.25B	159M

Fiscal Period: December	2020	2021	2022	2023	2024
Profitability
Return on Assets	-	6.85	6.76	6.67	6.88
Return on Total Capital	-	10.02	9.18	9.26	9.67
Return On Equity %	-	10.48	10.33	10.67	9.87
Return on Common Equity	-	10.48	10.33	10.67	9.87
Margin Analysis
Gross Profit Margin %	54.48	56.24	55.79	55.96	58.14
SG&A Margin	33.93	35.98	36	36.79	39
EBITDA Margin %	26.27	25.64	24.28	23.12	23.07
EBITA Margin %	23.98	23.54	22.3	21.14	20.78
EBIT Margin %	21.11	20.79	19.97	19.06	19.04
Income From Continuing Operations Margin %	-6.08	13.49	13.96	10.77	6.66
Net Income Margin %	-6.08	13.49	13.96	10.77	6.66
Net Avail. For Common Margin %	-6.08	13.49	13.96	10.77	6.66
Normalized Net Income Margin	13.03	13.01	12.35	10.64	10.48
Levered Free Cash Flow Margin	-	-7.83	11.31	18.12	10.48
Unlevered Free Cash Flow Margin	-	-7.83	11.31	19.57	12.22
Asset Turnover
Asset Turnover	-	0.53	0.54	0.56	0.58
Fixed Assets Turnover	-	25.22	8.2	7.51	7.46
Receivables Turnover (Average Receivables)	-	7.66	7.13	7.36	7.29
Inventory Turnover (Average Inventory)	-	3.89	3.37	3.34	3.76
Short Term Liquidity
Current Ratio	0.61	1.22	1.5	1.12	0.96
Quick Ratio	0.33	0.7	0.85	0.63	0.56
Operating Cash Flow to Current Liabilities	0.45	0.08	0.64	0.58	0.31
Days Sales Outstanding (Average Receivables)	-	47.54	51.08	49.44	49.91
Days Outstanding Inventory (Average Inventory)	-	93.58	108.15	109.1	96.84
Average Days Payable Outstanding	-	93.87	93.27	122.3	139.03
Cash Conversion Cycle (Average Days)	-	47.25	65.96	36.24	7.72
Long Term Solvency
Total Debt/Equity	0.87	0.63	0.58	75.17	90.18
Total Debt / Total Capital	0.86	0.63	0.58	42.91	47.42
LT Debt/Equity	0.87	0.39	0.4	69.43	73.76
Long-Term Debt / Total Capital	0.86	0.39	0.4	39.64	38.78
Total Liabilities / Total Assets	37.09	26.96	26.71	59.75	62.24
EBIT / Interest Expense	-	-	-	8.22	6.83
EBITDA / Interest Expense	-	-	-	10.11	8.38
(EBITDA - Capex) / Interest Expense	-	-	-	8.8	7.36
Total Debt / EBITDA	0.04	0.03	0.03	2.33	2.41
Net Debt / EBITDA	-0.11	-0.15	-0.29	1.95	2.12
Total Debt / (EBITDA - Capex)	0.04	0.03	0.03	2.68	2.75
Net Debt / (EBITDA - Capex)	-0.12	-0.16	-0.33	2.24	2.41
Growth Over Prior Year
Total Revenues, 1 Yr. Growth %	1	4.06	-0.69	3.3	0.07
Gross Profit, 1 Yr. Growth %	2.48	7.42	-1.5	3.63	3.97
EBITDA, 1 Yr. Growth %	15.82	1.58	-5.74	-1.87	-0.14
EBITA, 1 Yr. Growth %	18.96	2.13	-5.66	-2.3	-1.62
EBIT, 1 Yr. Growth %	18.74	2.46	-4.29	-1.7	0
Earnings From Cont. Operations, 1 Yr. Growth %	-161.25	-331.06	2.76	-19.38	-38.1
Net Income, 1 Yr. Growth %	-161.25	-331.06	2.76	-19.38	-38.1
Normalized Net Income, 1 Yr. Growth %	17.35	3.88	-5.71	-11.24	-1.71
Diluted EPS Before Extra, 1 Yr. Growth %	-	-	-	-25	-40.24
Accounts Receivable, 1 Yr. Growth %	-	11.63	2.31	-2.31	4.44
Inventory, 1 Yr. Growth %	-	1.01	30.79	-16.85	-14.05
Net Property, Plant and Equip., 1 Yr. Growth %	-	-21.79	-0.38	13.01	-10.13
Total Assets, 1 Yr. Growth %	-	-4.28	-2.19	1.96	-8.08
Tangible Book Value, 1 Yr. Growth %	-	-70.93	-977.68	-923.93	-0.39
Common Equity, 1 Yr. Growth %	-	11.13	-1.85	-43.86	-13.76
Cash From Operations, 1 Yr. Growth %	13.31	-90.17	655.99	25.47	-44.16
Capital Expenditures, 1 Yr. Growth %	-20.76	28.82	33.22	25.07	-6.18
Levered Free Cash Flow, 1 Yr. Growth %	-	-	-243.08	63.26	-42.11
Unlevered Free Cash Flow, 1 Yr. Growth %	-	-	-243.08	76.31	-37.49
Dividend Per Share, 1 Yr. Growth %	-	-	-	-	102.5
Compound Annual Growth Rate Over Two Years
Total Revenues, 2 Yr. CAGR %	-	2.52	1.66	1.29	1.67
Gross Profit, 2 Yr. CAGR %	-	4.92	2.86	1.03	4.14
EBITDA, 2 Yr. CAGR %	-	8.47	-2.16	-4	0.38
EBITA, 2 Yr. CAGR %	-	10.23	-1.85	-4.19	-0.46
EBIT, 2 Yr. CAGR %	-	10.3	-0.99	-3.23	0.84
Earnings From Cont. Operations, 2 Yr. CAGR %	-	18.97	54.09	-10.51	-29.36
Net Income, 2 Yr. CAGR %	-	18.97	54.09	-10.51	-29.36
Normalized Net Income, 2 Yr. CAGR %	-	10.41	-1.03	-8.71	-4.83
Diluted EPS Before Extra, 2 Yr. CAGR %	-	-	-	-13.76	-33.05
Accounts Receivable, 2 Yr. CAGR %	-	-	6.87	-0.02	1.01
Inventory, 2 Yr. CAGR %	-	-	14.94	4.29	-15.46
Net Property, Plant and Equip., 2 Yr. CAGR %	-	-	64.82	9.26	0.77
Total Assets, 2 Yr. CAGR %	-	-	-3.24	-0.14	-3.19
Tangible Book Value, 2 Yr. CAGR %	-	-	-55.06	728.02	186.48
Common Equity, 2 Yr. CAGR %	-	-	4.44	-25.87	-30.42
Cash From Operations, 2 Yr. CAGR %	-	-66.62	-13.78	207.98	-16.3
Capital Expenditures, 2 Yr. CAGR %	-	1.03	31	26.09	8.32
Levered Free Cash Flow, 2 Yr. CAGR %	-	-	-	54.82	-0.97
Unlevered Free Cash Flow, 2 Yr. CAGR %	-	-	-	60.89	6.95
Compound Annual Growth Rate Over Three Years
Total Revenues, 3 Yr. CAGR %	-	-	1.44	2.2	0.88
Gross Profit, 3 Yr. CAGR %	-	-	2.74	3.12	2
EBITDA, 3 Yr. CAGR %	-	-	3.43	-1.99	-2.73
EBITA, 3 Yr. CAGR %	-	-	4.57	-1.92	-3.34
EBIT, 3 Yr. CAGR %	-	-	5.1	-1.14	-2.17
Earnings From Cont. Operations, 3 Yr. CAGR %	-	-	13.3	23.71	-20.86
Net Income, 3 Yr. CAGR %	-	-	13.3	23.71	-20.86
Normalized Net Income, 3 Yr. CAGR %	-	-	4.75	-4.47	-6.35
Diluted EPS Before Extra, 3 Yr. CAGR %	-	-	-	-	-23.68
Accounts Receivable, 3 Yr. CAGR %	-	-	-	3.72	1.44
Inventory, 3 Yr. CAGR %	-	-	-	3.18	-2.22
Net Property, Plant and Equip., 3 Yr. CAGR %	-	-	-	48.2	2.37
Total Assets, 3 Yr. CAGR %	-	-	-	-1.54	-2.86
Tangible Book Value, 3 Yr. CAGR %	-	-	-	16.42	308.75
Common Equity, 3 Yr. CAGR %	-	-	-	-15.16	-22.03
Cash From Operations, 3 Yr. CAGR %	-	-	-5.56	-2.3	74.31
Capital Expenditures, 3 Yr. CAGR %	-	-	10.79	26.99	14.26
Levered Free Cash Flow, 3 Yr. CAGR %	-	-	-	-	11.53
Unlevered Free Cash Flow, 3 Yr. CAGR %	-	-	-	-	17.4
Compound Annual Growth Rate Over Five Years
Total Revenues, 5 Yr. CAGR %	-	-	-	-	1.53
Gross Profit, 5 Yr. CAGR %	-	-	-	-	3.16
EBITDA, 5 Yr. CAGR %	-	-	-	-	1.67
EBITA, 5 Yr. CAGR %	-	-	-	-	1.95
EBIT, 5 Yr. CAGR %	-	-	-	-	2.73
Earnings From Cont. Operations, 5 Yr. CAGR %	-	-	-	-	-6.42
Net Income, 5 Yr. CAGR %	-	-	-	-	-6.42
Normalized Net Income, 5 Yr. CAGR %	-	-	-	-	0.16
Cash From Operations, 5 Yr. CAGR %	-	-	-	-	-10.01
Capital Expenditures, 5 Yr. CAGR %	-	-	-	-	8.77