EX-99 3 ex99.txt EXHIBIT 99
KIMBERLY-CLARK CORPORATION Exhibit No. 99 SELECTED INCOME STATEMENT DATA YEAR ENDED DECEMBER 31 1998 1999 ------------------------------ ------------------------------ ($ millions) AS REPORTED AS RECLASSIFIED AS REPORTED AS RECLASSIFIED NET SALES . . . . . . . . . . . . . . . . . . $12,297.8 $11,261.4 $13,006.8 $11,901.0 COST OF PRODUCTS SOLD . . . . . . . . . . . . 7,700.2 7,704.3 7,681.6 7,685.5 --------- --------- --------- --------- GROSS PROFIT. . . . . . . . . . . . . . . . . 4,597.6 3,557.1 5,325.2 4,215.5 EXPENSES: Advertising, promotion and selling expenses 1,937.4 896.9 2,097.8 988.1 Research. . . . . . . . . . . . . . . . . . 224.8 224.8 249.8 249.8 General . . . . . . . . . . . . . . . . . . 717.0 717.0 707.4 707.4 Goodwill amortization . . . . . . . . . . . 33.3 33.3 41.8 41.8 Other (income) expense, net*. . . . . . . . (12.6) (12.6) (207.0) (207.0) --------- --------- --------- --------- 2,899.9 1,859.4 2,889.8 1,780.1 --------- --------- --------- --------- OPERATING PROFIT. . . . . . . . . . . . . . . $ 1,697.7 $ 1,697.7 $ 2,435.4 $ 2,435.4 ========= ========= ========= ========= * - includes restructuring expense in 1998 and 1999
KIMBERLY-CLARK CORPORATION SELECTED INCOME STATEMENT DATA YEAR ENDED DECEMBER 31 2000 2001 ------------------------------ ------------------------------ ($ millions) AS REPORTED AS RECLASSIFIED AS REPORTED AS RECLASSIFIED NET SALES . . . . . . . . . . . . . . . . . . $13,982.0 $12,909.5 $14,524.4 $13,287.6 COST OF PRODUCTS SOLD . . . . . . . . . . . . 8,228.5 8,232.8 8,615.5 8,618.0 --------- --------- --------- --------- GROSS PROFIT. . . . . . . . . . . . . . . . . 5,753.5 4,676.7 5,908.9 4,669.6 EXPENSES: Advertising, promotion and selling expenses 2,122.7 1,045.9 2,334.4 1,095.1 Research. . . . . . . . . . . . . . . . . . 277.4 277.4 295.3 295.3 General . . . . . . . . . . . . . . . . . . 742.1 742.1 767.9 767.9 Goodwill amortization . . . . . . . . . . . 81.7 81.7 89.4 89.4 Other (income) expense, net . . . . . . . . (104.2) (104.2) 83.7 83.7 --------- --------- --------- --------- 3,119.7 2,042.9 3,570.7 2,331.4 --------- --------- --------- --------- OPERATING PROFIT. . . . . . . . . . . . . . . $ 2,633.8 $ 2,633.8 $ 2,338.2 $ 2,338.2 ========= ========= ========= =========
Selected Income Statement Data - Percent of Net Sales 1998 1999 ------------------------------ ------------------------------ AS REPORTED AS RECLASSIFIED AS REPORTED AS RECLASSIFIED NET SALES . . . . . . . . . . . . . . . . . . 100.0% 100.0% 100.0% 100.0% COST OF PRODUCTS SOLD . . . . . . . . . . . . 62.6% 68.4% 59.1% 64.6% ------ ------ ------ ------ GROSS PROFIT. . . . . . . . . . . . . . . . . 37.4% 31.6% 40.9% 35.4% EXPENSES: Advertising, promotion and selling expenses 15.8% 8.0% 16.1% 8.3% Research. . . . . . . . . . . . . . . . . . 1.8% 2.0% 1.9% 2.1% General . . . . . . . . . . . . . . . . . . 5.8% 6.4% 5.4% 5.9% Goodwill amortization . . . . . . . . . . . 0.3% 0.3% 0.3% 0.4% Other (income) expense, net . . . . . . . . -0.1% -0.1% -1.6% -1.7% ------ ------ ------ ------ 23.6% 16.5% 22.2% 15.0% ------ ------ ------ ------ OPERATING PROFIT. . . . . . . . . . . . . . . 13.8% 15.1% 18.7% 20.5% ====== ====== ====== ======
Selected Income Statement Data - Percent of Net Sales 2000 2001 ------------------------------ ------------------------------ AS REPORTED AS RECLASSIFIED AS REPORTED AS RECLASSIFIED NET SALES . . . . . . . . . . . . . . . . . . 100.0% 100.0% 100.0% 100.0% COST OF PRODUCTS SOLD . . . . . . . . . . . . 58.9% 63.8% 59.3% 64.9% ------ ------ ------ ------ GROSS PROFIT. . . . . . . . . . . . . . . . . 41.1% 36.2% 40.7% 35.1% EXPENSES: Advertising, promotion and selling expenses 15.2% 8.1% 16.1% 8.2% Research. . . . . . . . . . . . . . . . . . 2.0% 2.1% 2.0% 2.2% General . . . . . . . . . . . . . . . . . . 5.3% 5.7% 5.3% 5.8% Goodwill amortization . . . . . . . . . . . 0.6% 0.6% 0.6% 0.7% Other (income) expense, net . . . . . . . . -0.7% -0.8% 0.6% 0.6% ------ ------ ------ ------ 22.3% 15.8% 24.6% 17.5% ------ ------ ------ ------ OPERATING PROFIT. . . . . . . . . . . . . . . 18.8% 20.4% 16.1% 17.6% ====== ====== ====== ======
KIMBERLY-CLARK CORPORATION Selected 2001 Quarterly Income Statement Data 1st Quarter 2nd Quarter ------------------------------ ------------------------------ AS REPORTED AS RECLASSIFIED AS REPORTED AS RECLASSIFIED NET SALES . . . . . . . . . . . . . . . . . . $3,608.4 $3,323.2 $3,534.2 $3,245.3 COST OF PRODUCTS SOLD . . . . . . . . . . . . 2,151.0 2,152.5 2,103.7 2,104.5 -------- -------- -------- -------- GROSS PROFIT. . . . . . . . . . . . . . . . . 1,457.4 1,170.7 1,430.5 1,140.8 EXPENSES: Advertising, promotion and selling expenses 555.1 268.4 552.5 262.8 Research. . . . . . . . . . . . . . . . . . 68.7 68.7 73.2 73.2 General . . . . . . . . . . . . . . . . . . 178.5 178.5 183.7 183.7 Goodwill amortization . . . . . . . . . . . 21.8 21.8 22.5 22.5 Other (income) expense, net . . . . . . . . 2.2 2.2 8.0 8.0 -------- -------- -------- -------- 826.3 539.6 839.9 550.2 -------- -------- -------- -------- OPERATING PROFIT. . . . . . . . . . . . . . . $ 631.1 $ 631.1 $ 590.6 $ 590.6 ======== ======== ======== ========
Selected 2001 Quarterly Income Statement Data 3rd Quarter 4th Quarter ------------------------------ ------------------------------ AS REPORTED AS RECLASSIFIED AS REPORTED AS RECLASSIFIED NET SALES . . . . . . . . . . . . . . . . . . $3,710.0 $3,373.7 $3,671.8 $3,345.4 COST OF PRODUCTS SOLD . . . . . . . . . . . . 2,161.8 2,162.7 2,199.0 2,198.3 -------- -------- -------- -------- GROSS PROFIT. . . . . . . . . . . . . . . . . 1,548.2 1,211.0 1,472.8 1,147.1 EXPENSES: Advertising, promotion and selling expenses 616.1 278.9 610.7 285.0 Research. . . . . . . . . . . . . . . . . . 73.9 73.9 79.5 79.5 General . . . . . . . . . . . . . . . . . . 189.0 189.0 216.7 216.7 Goodwill amortization . . . . . . . . . . . 22.7 22.7 22.4 22.4 Other (income) expense, net . . . . . . . . 17.4 17.4 56.1 56.1 -------- -------- -------- -------- 919.1 581.9 985.4 659.7 -------- -------- -------- -------- OPERATING PROFIT. . . . . . . . . . . . . . . $ 629.1 $ 629.1 $ 487.4 $ 487.4 ======== ======== ======== ========
Selected 2001 Quarterly Income Statement Data - Percent of Net Sales 1st Quarter 2nd Quarter ------------------------------ ------------------------------ AS REPORTED AS RECLASSIFIED AS REPORTED AS RECLASSIFIED NET SALES . . . . . . . . . . . . . . . . . . 100.0% 100.0% 100.0% 100.0% COST OF PRODUCTS SOLD . . . . . . . . . . . . 59.6% 64.8% 59.5% 64.8% ------ ------ ------ ------ GROSS PROFIT. . . . . . . . . . . . . . . . . 40.4% 35.2% 40.5% 35.2% EXPENSES: Advertising, promotion and selling expenses 15.4% 8.1% 15.6% 8.1% Research. . . . . . . . . . . . . . . . . . 1.9% 2.1% 2.1% 2.3% General . . . . . . . . . . . . . . . . . . 4.9% 5.4% 5.2% 5.7% Goodwill amortization . . . . . . . . . . . 0.6% 0.7% 0.6% 0.7% Other (income) expense, net . . . . . . . . 0.1% 0.1% 0.2% 0.2% ------ ------ ------ ------ 22.9% 16.2% 23.8% 17.0% ------ ------ ------ ------ OPERATING PROFIT. . . . . . . . . . . . . . . 17.5% 19.0% 16.7% 18.2% ====== ====== ====== ======
Selected 2001 Quarterly Income Statement Data - Percent of Net Sales 3rd Quarter 4th Quarter ------------------------------ ------------------------------ AS REPORTED AS RECLASSIFIED AS REPORTED AS RECLASSIFIED NET SALES . . . . . . . . . . . . . . . . . . 100.0% 100.0% 100.0% 100.0% COST OF PRODUCTS SOLD . . . . . . . . . . . . 58.3% 64.1% 59.9% 65.7% ------ ------ ------ ------ GROSS PROFIT. . . . . . . . . . . . . . . . . 41.7% 35.9% 40.1% 34.3% EXPENSES: Advertising, promotion and selling expenses 16.6% 8.3% 16.6% 8.5% Research. . . . . . . . . . . . . . . . . . 2.0% 2.2% 2.2% 2.4% General . . . . . . . . . . . . . . . . . . 5.1% 5.6% 5.9% 6.5% Goodwill amortization . . . . . . . . . . . 0.6% 0.7% 0.6% 0.7% Other (income) expense, net . . . . . . . . 0.5% 0.5% 1.5% 1.7% ------ ------ ------ ------ 24.8% 17.2% 26.8% 19.7% ------ ------ ------ ------ OPERATING PROFIT. . . . . . . . . . . . . . . 17.0% 18.6% 13.3% 14.6% ====== ====== ====== ======
KIMBERLY-CLARK CORPORATION NET SALES BY BUSINESS SEGMENT YEAR ENDED DECEMBER 31 ($ millions) AS REPORTED AS RECLASSIFIED ___________ _______________ 1999 Personal Care........................ $ 5,138.1 $ 4,695.2 Consumer Tissue...................... 4,855.0 4,266.1 Business-to-Business................. 3,156.6 3,082.6 Intersegment Sales................... (142.9) (142.9) _________ _________ Total.............................. $13,006.8 $11,901.0 ========= ========= 2000 Personal Care........................ $ 5,437.6 $ 4,959.9 Consumer Tissue...................... 5,061.3 4,552.0 Business-to-Business................. 3,678.9 3,593.4 Intersegment Sales................... (195.8) (195.8) _________ _________ Total.............................. $13,982.0 $12,909.5 ========= ========= 2001 Personal Care........................ $ 5,677.6 $ 5,156.6 Consumer Tissue...................... 5,383.5 4,747.9 Business-to-Business................. 3,624.8 3,544.6 Intersegment Sales................... (161.5) (161.5) _________ _________ Total.............................. $14,524.4 $13,287.6 ========= =========
KIMBERLY-CLARK CORPORATION 2001 QUARTERLY NET SALES BY BUSINESS SEGMENT ($ millions) AS REPORTED AS RECLASSIFIED ___________ _______________ 1ST QUARTER Personal Care....................... $1,377.1 $1,259.1 Consumer Tissue..................... 1,377.0 1,231.5 Business-to-Business................ 903.4 881.7 Intersegment Sales.................. (49.1) (49.1) ________ ________ Total............................. $3,608.4 $3,323.2 ======== ======== 2ND QUARTER Personal Care....................... $1,413.7 $1,282.6 Consumer Tissue..................... 1,244.4 1,106.4 Business-to-Business................ 914.0 894.2 Intersegment Sales.................. (37.9) (37.9) ________ ________ Total............................. $3,534.2 $3,245.3 ======== ======== 3RD QUARTER Personal Care....................... $1,473.6 $1,330.8 Consumer Tissue..................... 1,358.3 1,183.8 Business-to-Business................ 915.0 896.0 Intersegment Sales.................. (36.9) (36.9) ________ ________ Total............................. $3,710.0 $3,373.7 ======== ======== 4TH QUARTER Personal Care....................... $1,413.2 $1,284.1 Consumer Tissue..................... 1,403.8 1,226.2 Business-to-Business................ 892.4 872.7 Intersegment Sales.................. (37.6) (37.6) ________ ________ Total............................. $3,671.8 $3,345.4 ======== ========
KIMBERLY-CLARK CORPORATION NET SALES BY GEOGRAPHIC AREA YEAR ENDED DECEMBER 31 ($ millions) AS REPORTED AS RECLASSIFIED ___________ _______________ 1999 United States....................... $ 8,392.5 $ 7,790.0 Canada.............................. 843.4 806.0 Less: intergeographic items......... (507.4) (507.4) _________ _________ North America..................... 8,728.5 8,088.6 Europe.............................. 2,544.7 2,219.5 Asia, Latin America and Other....... 2,084.6 1,943.9 _________ _________ Combined.......................... 13,357.8 12,252.0 Less: intergeographic items....... (351.0) (351.0) _________ _________ Consolidated........................ $13,006.8 $11,901.0 ========= ========= 2000 United States....................... $ 9,059.4 $ 8,460.5 Canada.............................. 990.3 954.2 Less: intergeographic items......... (673.5) (673.5) _________ _________ North America..................... 9,376.2 8,741.2 Europe.............................. 2,474.5 2,201.7 Asia, Latin America and Other....... 2,680.5 2,515.8 _________ _________ Combined.......................... 14,531.2 13,458.7 Less: intergeographic items....... (549.2) (549.2) _________ _________ Consolidated........................ $13,982.0 $12,909.5 ========= ========= 2001 United States....................... $ 9,327.7 $ 8,638.3 Canada.............................. 938.3 900.7 Less: intergeographic items......... (694.7) (694.7) _________ _________ North America..................... 9,571.3 8,844.3 Europe.............................. 2,648.4 2,341.3 Asia, Latin America and Other....... 2,864.4 2,661.7 _________ _________ Combined.......................... 15,084.1 13,847.3 Less: intergeographic items....... (559.7) (559.7) _________ _________ Consolidated........................ $14,524.4 $13,287.6 ========= =========