EX-99 2 ex991.htm EXHIBIT 99.1 8-K EDGAR Filing

Exhibit 99.1

KIMBERLY-CLARK CORPORATION AND SUBSIDIARIES
CONSOLIDATED INCOME STATEMENT

2004
(Millions of dollars, except per share amounts)
 Nine
Months
Ended
Sept. 30
 Third
Quarter
 Second
Quarter
 First
Quarter
Net Sales     $ 11,181.8   $ 3,783.0   $ 3,687.3   $ 3,711.5  
     Cost of products sold    7,432.2    2,543.9    2,432.5    2,455.8  
Gross Profit    3,749.6    1,239.1    1,254.8    1,255.7  
     Marketing, research and general expenses    1,847.0    613.6    615.6    617.8  
     Other (income) expense, net    37.6    8.6    14.5    14.5  
Operating Profit    1,865.0    616.9    624.7    623.4  
     Nonoperating expense    (116.6 )  (26.4 )  (38.7 )  (51.5 )
     Interest income    12.7    4.7    4.0    4.0  
     Interest expense    (120.5 )  (41.1 )  (40.7 )  (38.7 )
Income Before Income Taxes, Equity Interests
  and Discontinued Operations		    1,640.6    554.1    549.3    537.2  
     Provision for income taxes    (358.2 )  (132.7 )  (118.2 )  (107.3 )
     Share of net income of equity companies    92.1    31.3    29.9    30.9  
     Minority owners' share of subsidiaries' net
        income		    (53.9 )  (18.8 )  (18.1 )  (17.0 )
Income From Continuing Operations    1,320.6    433.9    442.9    443.8  
       
Income From Discontinued Operations,
    Net of Income Taxes		    34.3    7.4    11.4    15.5  
Net Income   $ 1,354.9   $ 441.3   $ 454.3   $ 459.3  
Per Share Basis                  
                   
    Basic                      
        Continuing operations   $ 2.65   $ .88   $ .89   $ .88  
        Discontinued operations   $ .07   $ .02   $ .02   $ .04  
        Net income   $ 2.72   $ .90   $ .91   $ .92  
    Diluted                      
        Continuing operations   $ 2.63   $ .87   $ .88   $ .88  
        Discontinued operations   $ .07   $ .02   $ .02   $ .03  
        Net income   $ 2.70   $ .89   $ .90   $ .91  

 

 

 

 

1

KIMBERLY-CLARK CORPORATION AND SUBSIDIARIES
CONSOLIDATED INCOME STATEMENT

2003
(Millions of dollars, except per
share amounts)
 Year
Ended
Dec. 31
 Fourth
Quarter
 Third
Quarter
 Second
Quarter
 First
Quarter
Net Sales     $ 14,026.3   $ 3,623.1   $ 3,562.3   $ 3,464.2   $ 3,376.7  
     Cost of products sold    9,231.9    2,375.4    2,373.9    2,283.7    2,198.9  
Gross Profit    4,794.4    1,247.7    1,188.4    1,180.5    1,177.8  
     Marketing, research and general
        expenses		    2,350.3    611.8    583.1    573.3    582.1  
     Other (income) expense, net    112.5    34.7    21.3    21.0    35.5  
Operating Profit    2,331.6    601.2    584.0    586.2    560.2  
     Nonoperating expense    (105.5 )  (105.5 )  --    --    --  
     Interest income    18.0    4.1    4.8    4.3    4.8  
     Interest expense    (167.8 )  (39.6 )  (40.6 )  (44.6 )  (43.0 )
Income Before Income Taxes,
 Equity Interests and
 Discontinued Operations		    2,076.3    460.2    548.2    545.9    522.0  
     Provision for income taxes    (484.1 )  (26.2 )  (150.3 )  (157.2 )  (150.4 )
     Share of net income of equity
        companies		    107.0    28.8    21.9    30.3    26.0  
     Minority owners' share of
        subsidiaries' net income		    (55.6 )  (16.4 )  (12.6 )  (14.8 )  (11.8 )
Income From Continuing
 Operations		    1,643.6    446.4    407.2    404.2    385.8  
         
Income From Discontinued
 Operations, Net of Income Taxes		    50.6    13.1    12.5    13.1    11.9  
Net Income   $ 1,694.2   $ 459.5   $ 419.7   $ 417.3   $ 397.7  
Per Share Basis                      
                       
    Basic                           
        Continuing operations   $ 3.24   $ .89   $ .80   $ .80   $ .76  
        Discontinued operations   $ .10   $ .02   $ .03   $ .02   $ .02  
        Net income   $ 3.34   $ .91   $ .83   $ .82   $ .78  
    Diluted                           
        Continuing operations   $ 3.23   $ .88   $ .80   $ .79   $ .75  
        Discontinued operations   $ .10   $ .03   $ .03   $ .03   $ .03  
        Net income   $ 3.33   $ .91   $ .83   $ .82   $ .78  

 

 

 

 

2

KIMBERLY-CLARK CORPORATION AND SUBSIDIARIES
CONSOLIDATED INCOME STATEMENT

Year Ended December 31
(Millions of dollars, except per share amounts)
 2002
 2001
 2000
Net Sales     $ 13,231.5   $ 12,923.6   $ 12,468.5  
     Cost of products sold    8,537.7    8,349.8    7,944.6  
Gross Profit    4,693.8    4,573.8    4,523.9  
     Marketing, research and general expenses    2,251.8    2,217.5    2,120.5  
     Other (income) expense, net    73.7    83.4    (104.5 )
Operating Profit    2,368.3    2,272.9    2,507.9  
     Interest income    15.7    17.8    24.0  
     Interest expense    (181.9 )  (191.4 )  (221.4 )
Income Before Income Taxes, Equity Interests,
 Discontinued Operations and Cumulative
 Effect of Accounting Change		    2,202.1    2,099.3    2,310.5  
     Provision for income taxes    (629.9 )  (619.4 )  (710.0 )
     Share of net income of equity companies    113.3  154.4    186.4  
     Minority owners' share of subsidiaries' net income    (58.1 )  (63.2 )  (63.4 )
Income From Continuing Operations    1,627.4    1,571.1    1,723.5  
     
Income From Discontinued Operations,
 Net of Income Taxes		    58.6    38.8    77.1  
Income Before Cumulative Effect of Accounting Change    1,686.0    1,609.9    1,800.6  
     Cumulative effect of accounting change, net of income taxes    (11.4 )  --    --  
Net Income   $ 1,674.6   $ 1,609.9   $ 1,800.6  
Per Share Basis              
               
    Basic                 
        Continuing operations   $ 3.15   $ 2.97   $ 3.19  
        Discontinued operations   $ .11   $ .07   $ .15  
        Cumulative effect of accounting change   $ (.02 ) $ --   $ --  
        Net income   $ 3.24   $ 3.04   $ 3.34  
    Diluted                 
        Continuing operations   $ 3.13   $ 2.95   $ 3.17  
        Discontinued operations   $ .11   $ .07   $ .14  
        Cumulative effect of accounting change   $ (.02 ) $ --   $ --  
        Net income   $ 3.22   $ 3.02   $ 3.31  

 

 

 

 

3