Kellogg's Company
The company reports under current review for this assignment is Kellogg’s Co. This is a well-established corporation that has been in business for many years. Enclosed is the data from Kellogg’s financial statements through their online annual reporting documents. Kellogg’s yearly reports show the past five years of capital structure trends in total assets for the company. The information provided is from 2013 and 2014 reporting year, and all numbers are based on millions.
In 2014 total assets reached $15,153, which was a decrease from the year prior in 2013 reporting total assets at $15,474, This is important due to understanding the capital structure trends that list total assets for the period such as, property, net, which is $3,769 for 2014 and $3,856 for 2013. Also short-term debt and current maturities of long-term debt is included at $1,435 in 2014 and $1,028 for 2013. Long-term debt for 2014 is $5,935 and $6,330 for 2013 and total Kellogg company equity $2,789 in 2014 and $3,545 in 2013.
Kellogg’s also reports their cash flow trends from 2010 to 2014, 2013 and 2014 are the years we are reviewing. The cash flow trends for Kellogg’s includes the following, net cash provided by operating activities, capital expenditures, net cash provided by operating activities reduced by capital expenditures, net cash used in investing activities, net cash provided by (used in) financing activities and interest coverage ratio. As earlier stated all numbers are based on millions.
Cash flow trends 2014 2013
Net cash provided by operating activities $1,793 $1,807
Capital expenditures 582 637
Net cash provided by operating activities reduced by capital expenditures 1,211 1,170
Net cash used in investing activities (573) (641)
Net cash provided by (used in) financing activities (1,063) (1,141)
Interest coverage ratio 12.6 11.6
Accounts payable