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The Kraft Heinz Company KHC Canada — Goodwill impairment losses

Discontinued — last reported Q2 '20

Similar metrics at other companies

Hasbro logo
HASUS And Canada — Goodwill Impairment
$1.35M
GameStop logo
GMECanada — Cumulative goodwill impairment charges
$129.1M
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GMECanada — Goodwill Impairment
$0-100%
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GMECanada — Goodwill Impaired Accumulated Impairment Loss
$129.1M0.0%
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GMECanada — Goodwill and asset impairments
$0
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GMECanada — Impairment Of Intangible Assets Indefinitelived Excluding Goodwill
$0

Other financials

Income statement

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Revenue$6.0B+0.8%
Gross profit$2.2B+7.5%
Operating income$1.1B-4.3%
Net income$798.0M+12.1%
EPS (diluted)$0.67+13.6%

Balance sheet

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Cash & equivalents$3.6B+59.8%
Total debt$21.1B-2.2%
Total equity$41.9B-15.2%
Total assets$82.0B-9.1%

Cash flow

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Operating cash flow$1.0B+39.7%
CapEx$240.0M+0.8%
Free cash flow$766.0M+58.9%

Valuation

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Market cap$27.06B-26.7%
Enterprise value$44.58B-20.7%
P/S1.1×-0.4×

Profitability

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Gross margin33.9%-0.7pp
Operating margin-22.9%-34.4pp
Net margin-17.4%-22.6pp
FCF margin15.8%+3.3pp

Returns & leverage

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Return on equity-9.7%-12.5pp
Debt / equity0.5×+0.1×
Current ratio1.2×-0.1×

Where this comes from

Reported directly by The Kraft Heinz Company in its filing.

Tagged under the XBRL concept us-gaap:GoodwillImpairmentLoss.

The official record: The Kraft Heinz Company’s 10-K, filed February 17, 2022, on SEC EDGAR. View the filing →

Questions, answered.

What does canada — goodwill impairment losses mean?
Total reduction in the value of Canadian goodwill due to impairment.
How do you interpret canada — goodwill impairment losses?
Higher losses indicate significant deterioration in the perceived value of the Canadian business.
How does canada — goodwill impairment losses compare across companies?
Standard impairment disclosure found in the notes to financial statements for all public companies.