Kimberly-Clark 2015 Annual Report Download - page 14

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ITEM 6. SELECTED FINANCIAL DATA
Year Ended December 31
2015 (a)
2014 (b)
2013 (c)
2012 (d)
2011 (e)
NetSales $ 18,591
$ 19,724
$ 19,561
$ 19,467
$ 19,268
GrossProfit 6,624
6,683
6,609
6,129
5,539
OperatingProfit 1,613
2,521
2,903
2,377
2,152
ShareofNetIncomeofEquityCompanies 149
146
205
177
161
IncomefromContinuingOperations 1,066
1,545
2,018
1,627
1,495
IncomefromDiscontinuedOperations,NetofIncomeTaxes —
50
203
201
189
NetIncome 1,066
1,595
2,221
1,828
1,684
NetIncomeAttributabletoNoncontrollingInterestsinContinuing
Operations (53)
(69)
(79)
(78)
(93)
NetIncomeAttributabletoKimberly-ClarkCorporation 1,013
1,526
2,142
1,750
1,591
PerShareBasis
NetIncomeAttributabletoKimberly-ClarkCorporation
Basic
Continuingoperations 2.78
3.94
5.05
3.94
3.54
Discontinuedoperations —
0.13
0.53
0.51
0.48
Netincome 2.78
4.07
5.58
4.45
4.02
Diluted
Continuingoperations 2.77
3.91
5.01
3.91
3.52
Discontinuedoperations —
0.13
0.52
0.51
0.47
Netincome 2.77
4.04
5.53
4.42
3.99
CashDividendsPerShare
Declared 3.52
3.36
3.24
2.96
2.80
Paid 3.48
3.33
3.17
2.92
2.76
TotalAssets 14,842
15,526
18,919
19,873
19,373
Long-TermDebt 6,106
5,630
5,386
5,070
5,426
TotalStockholders'Equity 40
999
5,140
5,287
5,529
(a) Resultsincludepre-taxchargesrelatedtopensionsettlementsof$1,358,$835aftertax,a$45nondeductiblechargerelatedtotheremeasurementoftheVenezuelanbalancesheetanda
pre-taxchargeof$108,$102aftertax,relatedtothedeconsolidationofourVenezuelanoperations.Additionally,resultswerenegativelyimpactedbypre-taxchargesof$63,$42after
tax,relatedtothe2014OrganizationRestructuring,andnondeductiblechargesof$23relatedtotherestructuringofoperationsinTurkey.Alsoincludedisanincometaxchargeof$49
relatedto prior years as a resultofanupdatedassessment of uncertain tax positionsincertainof our international operations. SeeItem8,Notes1,2 ,9and14oftheConsolidated
FinancialStatementsfordetails.
(b) Resultsincludepre-taxchargesof$133,$95aftertax,relatedtothe 2014 Organization Restructuring, pre-tax chargesof$33,$30aftertax,relatedtoEuropeanstrategicchanges,a
nondeductiblechargeof$462relatedtotheremeasurementoftheVenezuelanbalancesheetandanondeductiblechargeof$35,$17attributabletoKimberly-ClarkCorporation,relatedto
aregulatorydisputeintheMiddleEast.Additionally,resultswerenegativelyimpactedbypre-taxchargesof$157,$138aftertax,fortransactionandrelatedcostsassociatedwiththespin-
offofthehealthcarebusiness(classifiedindiscontinuedoperations).SeeItem8,Notes1through4oftheConsolidatedFinancialStatementsfordetailsonthechargesfortheVenezuela
devaluationandrestructuringprograms.
(c) Resultsincludepre-taxchargesof$81,$66aftertax,relatedtoEuropeanstrategicchanges.Additionally,resultswerenegativelyimpactedbya$36pre-taxcharge,$26aftertax,relatedto
thedevaluationoftheVenezuelanbolivar.SeeItem8,Notes1and4oftheConsolidatedFinancialStatementsfordetails.
(d) Resultsincludepre-taxchargesof$299,$242aftertax,relatedtoEuropeanstrategicchanges.Additionally,resultswerenegativelyimpactedby$135inpre-taxcharges,$86aftertax,for
restructuringactionsrelatedtoourpulpandtissueoperations.SeeItem8,Note4oftheConsolidatedFinancialStatementsfordetailsrelatedtoEuropeanstrategicchanges.
(e) ResultsincludeanondeductiblebusinesstaxchargerelatedtoalawchangeinColombiaof$35,aswellastheeffectofpre-taxchargesof$415,$289aftertax,relatedtotherestructuring
ofourpulpandtissueoperations.
11 KIMBERLY-CLARKCORPORATION - 2015 Annual Report