Kenvue Inc. (KVUE) FY2024 Q3 Statement of Cash Flows

Income StatementCash FlowBalance Sheet

Statement of Cash Flows

2024-07-01 to 2024-09-29

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Kenvue Inc. cash flow reconciliation, Jul 1, 2024 through Sep 29, 2024One connected Sankey reconciles operating, investing and financing net cash flows through a shared cash pool, from beginning cash to ending cash. Ribbons flow left to right on one dollar scale. Activity totals are dark gray; beginning and ending cash are blue. Cash basis for beginning and ending balances and net cash change: Cash, cash equivalents, and restricted cash. Intermediate calculation bars are lighter gray. Net income is green for profit and red for loss. Identified asset purchases, sales and maturities are blue in either cash direction. Purple identifies capital transactions such as borrowing, repayments, share issuance and dividends. Free cash flow is a separate comparison, not an added cash flow. Read chart description and values below for full signed amounts, including zero items.Net income → Net cash from operating activities: $249,000,000.00Net income → Operating adjustments reconciliation: $134,000,000.00Depreciation and amortization → Operating adjustments reconciliation: $182,000,000.00Inventories → Operating adjustments reconciliation: $62,000,000.00Stock-based compensation → Operating adjustments reconciliation: $58,000,000.00Accrued taxes on income → Operating adjustments reconciliation: $53,000,000.00Other → Operating adjustments reconciliation: $17,000,000.00Operating adjustments reconciliation → Accounts payable and accrued liabilities: $336,000,000.00Operating adjustments reconciliation → Trade receivables: $110,000,000.00Operating adjustments reconciliation → Deferred income taxes: $40,000,000.00Operating adjustments reconciliation → Other liabilities: $12,000,000.00Operating adjustments reconciliation → Other current and non-current assets: $6,000,000.00Operating adjustments reconciliation → Employee related obligations: $2,000,000.00Other investing activities → investing reconciliation: $3,000,000.00Net cash used in investing activities → investing reconciliation: $56,000,000.00investing reconciliation → Purchases of property, plant, and equipment: $59,000,000.00Net cash used in financing activities → financing reconciliation: $162,000,000.00Proceeds from Commercial Paper Program, net of issuance cost → financing reconciliation: $208,000,000.00Other financing activities → financing reconciliation: $45,000,000.00Proceeds from (payments of) loans and notes payables → financing reconciliation: $1,000,000.00financing reconciliation → Dividends paid: $393,000,000.00financing reconciliation → Purchases of treasury shares: $23,000,000.00Exchange-rate effect → Cash sources and uses: $12,000,000.00Beginning cash: Cash, cash equivalents, and restricted cash → Cash sources and uses: $1,014,000,000.00Net cash from operating activities → Cash sources and uses: $249,000,000.00Cash sources and uses → Ending cash: Cash, cash equivalents, and restricted cash: $1,057,000,000.00Cash sources and uses → Net cash used in investing activities: $56,000,000.00Cash sources and uses → Net cash used in financing activities: $162,000,000.00Employee related obligations: -$2,000,000.00Accrued compensation−$2.00 MOther current and non-current assets: -$6,000,000.00Other operating assets−$6.00 MAccrued taxes on income: $53,000,000.00Accrued taxes+$53.00 MNet income: $383,000,000.00Net income+$383.00 MImpairment charges: $0.00Other: $17,000,000.00Other non-cash items+$17.00 MDeferred income taxes: -$40,000,000.00Deferred income taxes−$40.00 MOther liabilities: -$12,000,000.00Other operating liabilities−$12.00 MTrade receivables: -$110,000,000.00Accounts receivable−$110.00 MInventories: $62,000,000.00Inventories+$62.00 MAccounts payable and accrued liabilities: -$336,000,000.00Payables & accrued liabilities−$336.00 MStock-based compensation: $58,000,000.00Stock-based compensation+$58.00 MDepreciation and amortization: $182,000,000.00Depreciation & amortization+$182.00 MNet cash from operating activities: $249,000,000.00Operating cash+$249.00 MOperating adjustments reconciliation: $506,000,000.00Distribution to J&J in connection with the Separation: $0.00Proceeds from (payments of) loans and notes payables: $1,000,000.00Notes issued & repaid, net+$1.00 MProceeds from Commercial Paper Program, net of issuance cost: $208,000,000.00Commercial paper issued+$208.00 MProceeds from issuance of Senior Notes, net of issuance cost: $0.00Proceeds from Kenvue IPO, net: $0.00Dividends paid: -$393,000,000.00Dividends paid−$393.00 MNet transfers to J&J: $0.00Other financing activities: $45,000,000.00Other financing, net+$45.00 MPurchases of treasury shares: -$23,000,000.00Common stock repurchases−$23.00 MNet cash used in financing activities: -$162,000,000.00. Cash required to fund net payments.Financing cash−$162.00 Mfinancing reconciliation: $416,000,000.00Proceeds from sale of assets: $0.00Transfer of funds to J&J pursuant to the Facility Agreement: $0.00Other investing activities: $3,000,000.00Other investing, net+$3.00 MPurchases of property, plant, and equipment: -$59,000,000.00PP&E purchases−$59.00 MProceeds from J&J upon repayment of the Facility Agreement: $0.00Net cash used in investing activities: -$56,000,000.00. Cash required to fund net payments.Investing cash−$56.00 Minvesting reconciliation: $59,000,000.00Cash sources and uses: $1,275,000,000.00Beginning cash: Cash, cash equivalents, and restricted cash: $1,014,000,000.00Beginning cash$1.01 BEnding cash: Cash, cash equivalents, and restricted cash: $1,057,000,000.00Ending cash$1.06 BExchange-rate effect: $12,000,000.00FX effect+$12.00 MCASH RECONCILIATIONOperatingflowsInvestingflowsFinancingflowsFree cash flow$190.00 MOperating cash − cash spent on PP&ECash flow / Net income0.65×Operating cash flow ÷ net incomeNet cash change+$43.00 MEnding cash − beginning cash
Chart details

Kenvue Inc. cash flow reconciliation, Jul 1, 2024 through Sep 29, 2024

Cash flows for Jul 1, 2024 through Sep 29, 2024. Cash basis: Cash, cash equivalents, and restricted cash. Beginning cash: Jun 30, 2024. Ending cash: Sep 29, 2024. Beginning and ending cash are dated balances. Positive cash flows add cash; negative cash flows reduce it.

Beginning cash on Jun 30, 2024
1,014,000,000 US dollars. Beginning cash: Cash, cash equivalents, and restricted cash
Operating activities
249,000,000 US dollars. Net cash provided.
Net income
383,000,000 US dollars
Employee related obligations
negative 2,000,000 US dollars
Other current and non-current assets
negative 6,000,000 US dollars
Accrued taxes on income
53,000,000 US dollars
Impairment charges
0 US dollars
Other
17,000,000 US dollars
Deferred income taxes
negative 40,000,000 US dollars
Other liabilities
negative 12,000,000 US dollars
Trade receivables
negative 110,000,000 US dollars
Inventories
62,000,000 US dollars
Accounts payable and accrued liabilities
negative 336,000,000 US dollars
Stock-based compensation
58,000,000 US dollars
Depreciation and amortization
182,000,000 US dollars
Investing activities
negative 56,000,000 US dollars. Net cash used.
Proceeds from sale of assets
0 US dollars
Transfer of funds to J&J pursuant to the Facility Agreement
0 US dollars
Other investing activities
3,000,000 US dollars
Purchases of property, plant, and equipment
negative 59,000,000 US dollars
Proceeds from J&J upon repayment of the Facility Agreement
0 US dollars
Financing activities
negative 162,000,000 US dollars. Net cash used.
Distribution to J&J in connection with the Separation
0 US dollars
Proceeds from (payments of) loans and notes payables
1,000,000 US dollars
Proceeds from Commercial Paper Program, net of issuance cost
208,000,000 US dollars
Proceeds from issuance of Senior Notes, net of issuance cost
0 US dollars
Proceeds from Kenvue IPO, net
0 US dollars
Dividends paid
negative 393,000,000 US dollars
Net transfers to J&J
0 US dollars
Other financing activities
45,000,000 US dollars
Purchases of treasury shares
negative 23,000,000 US dollars
Operating adjustment reconciliation
506,000,000 US dollars. Intermediate calculation joining the operating reconciliation branches. Its gross amount includes any portion of net income routed through this junction. It is not an additional cash source or use.
financing gross reconciliation
416,000,000 US dollars. Gross amount at the activity's junction before offsetting its receipts and deductions. It is not an additional cash source or use.
investing gross reconciliation
59,000,000 US dollars. Gross amount at the activity's junction before offsetting its receipts and deductions. It is not an additional cash source or use.
Exchange-rate effect
12,000,000 US dollars
Ending cash on Sep 29, 2024
1,057,000,000 US dollars. Ending cash: Cash, cash equivalents, and restricted cash
Cash sources and uses
1,275,000,000 US dollars. Opening cash plus net sources, equal to net uses plus ending cash.
Net cash change
43,000,000 US dollars. Ending cash minus beginning cash.
Cash flow / Net income
0.65×. Operating cash flow divided by reconciliation net income for the same period. Black from 0.90× through 1.10×; green above 1.10×; red below 0.90×. Color uses the unrounded ratio.
Operating cash flow
249,000,000 US dollars. Operating cash flow used in the free cash flow calculation.
Cash purchases of property, plant and equipment
59,000,000 US dollars. These cash purchases are already included in investing activities above.
Free cash flow
190,000,000 US dollars. A supplemental measure; finance-lease payments are excluded from this definition.

Chart connections

  • Beginning cash plus operating, investing and financing cash flows plus the exchange-rate effect equals ending cash. Negative amounts reduce cash.
  • Financing contributions meet at a reconciliation junction before connecting to the net cash total.
  • Investing contributions meet at a reconciliation junction before connecting to the net cash total.
  • Operating reconciliation adjustments are not all independent cash receipts.
  • Net income exceeds operating cash. The diagram allocates $249.00M of net income directly to operating cash and $134.00M to the adjustment junction, where it combines with other additions to reconcile deductions. This is an accounting presentation, not a tracing of cash receipts.
  • Each activity has one net cash bar connected to the shared cash pool. Positive activity totals enter the pool; negative activity totals leave the pool to fund that activity's net payments. The central pool does not assign a particular funding source to a particular payment.
  • The intermediate calculation bars include both sides of the displayed activity breakdowns; they are not additional cash flows.
  • Operating cash flow minus cash purchases of property, plant and equipment equals free cash flow: 249,000,000 US dollars minus 59,000,000 US dollars equals 190,000,000 US dollars.
Kenvue Inc. (KVUE) FY2024 Q3 Statement of Cash Flows Sankey chart
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