Kimberly-Clark 2011 Annual Report Download - page 17
Download and view the complete annual report
Please find page 17 of the 2011 Kimberly-Clark annual report below. You can navigate through the pages in the report by either clicking on the pages listed below, or by using the keyword search tool below to find specific information within the annual report.
+LJKOLJKWVIRULQFOXGHWKHIROORZLQJ
:HODXQFKHGDQXPEHURIQHZRULPSURYHGSURGXFWVLQFOXGLQJ+XJJLHV/LWWOH0RYHUV6OLS2Q'LDSHUV3RLVH
+RXUJODVV6KDSH3DGV.OHHQH[&RRO7RXFK)DFLDO7LVVXH8E\.RWH[7ZHHQVDQGLPSURYHG&RWWHQHOOHEDWKURRP
WLVVXH7KHVHLQQRYDWLRQVDUHWKHODWHVWH[DPSOHVRIRXUDELOLW\WRWUDQVODWHFRQVXPHULQVLJKWVLQWRVROXWLRQVWKDW
JHQHUDWHJURZWK
2XULQQRYDWLRQVDQGVXSSRUWLQJPDUNHWLQJSURJUDPVKHOSHGLPSURYHRXUEUDQGVPDUNHWSRVLWLRQV,QWKH86
ZHLPSURYHGRUPDLQWDLQHGPDUNHWVKDUHLQWKHPDMRULW\RIRXUFRQVXPHUFDWHJRULHV:HDOVRLQFUHDVHGRXU
PDUNHWVKDUHLQDQXPEHURIEXVLQHVVHVLQ.&,
:HH[HFXWHGRXUJURZWKVWUDWHJLHVLQ.&,1HWVDOHVJUHZDWDGRXEOHGLJLWUDWHLQLQFOXGLQJKLJKVLQJOH
GLJLWJURZWKEHIRUHWDNLQJLQWRDFFRXQWWKHLPSDFWRIFKDQJHVLQIRUHLJQFXUUHQF\H[FKDQJHUDWHV.&,DFFRXQWHG
IRUDERXWSHUFHQWRIFRPSDQ\VDOHVLQXSSRLQWVIURPWKHSUHYLRXV\HDU
:HWRRNVWHSVWRRIIVHWVLJQLILFDQWFRVWLQIODWLRQ:HDFKLHYHGKLJKHURYHUDOOQHWVHOOLQJSULFHVRISHUFHQWZH
GHOLYHUHGDSSUR[LPDWHO\PLOOLRQLQRQJRLQJFRVWVDYLQJVDQGZHWLJKWO\FRQWUROOHGRYHUKHDGVSHQGLQJ
7KHVHDFWLRQVKHOSHGRIIVHWFRVWLQIODWLRQRIPLOOLRQ
$VGHVFULEHG LQ3XOSDQG7LVVXHV5HVWUXFWXULQJEHORZLQ-DQXDU\RI ZHLQLWLDWHG D SXOSDQGWLVVXH
UHVWUXFWXULQJ WR H[LW RXU UHPDLQLQJ LQWHJUDWHG SXOS PDQXIDFWXULQJ RSHUDWLRQV DQG LPSURYH WKH XQGHUO\LQJ
SURILWDELOLW\DQGUHWXUQRQLQYHVWHGFDSLWDORIRXUFRQVXPHUWLVVXHDQG.&3EXVLQHVVHV,Q-DQXDU\RIZH
GHFLGHGWRVWUHDPOLQHDQDGGLWLRQDOIDFLOLW\LQ1RUWK$PHULFDWRIXUWKHUHQKDQFHWKHSURILWDELOLW\RIWKHFRQVXPHU
WLVVXHEXVLQHVV%RWKUHVWUXFWXULQJDFWLRQVDUHH[SHFWHGWREHVXEVWDQWLDOO\FRPSOHWHGE\WKHHQGRI
:HUHSXUFKDVHGELOOLRQRI.LPEHUO\&ODUNFRPPRQVWRFNLQDQGH[SHFWWRUHSXUFKDVHPLOOLRQ
WRELOOLRQRIRXUFRPPRQVWRFNLQVXEMHFWWRPDUNHWFRQGLWLRQV,QDGGLWLRQZHUDLVHGRXUGLYLGHQG
LQE\SHUFHQWWKHWKFRQVHFXWLYHDQQXDOLQFUHDVHLQRXUGLYLGHQG$OWRJHWKHUVKDUHUHSXUFKDVHVDQG
GLYLGHQGVLQDPRXQWHGWRELOOLRQ
:HDUHVXEMHFWWRULVNVDQGXQFHUWDLQWLHVZKLFKFDQDIIHFWRXUEXVLQHVVRSHUDWLRQVDQGILQDQFLDOUHVXOWV6HH,WHP$³5LVN
)DFWRUV´LQWKLV)RUP.IRUDGGLWLRQDOLQIRUPDWLRQ
Overview of 2011 Results
1HWVDOHVLQFUHDVHGSHUFHQWGXHWRIDYRUDEOHFXUUHQF\HIIHFWVLQFUHDVHVLQQHWVHOOLQJSULFHVDQGLQFUHDVHVLQYROXPH
2SHUDWLQJSURILWGHFUHDVHGSHUFHQWDQGQHWLQFRPHDWWULEXWDEOHWR.LPEHUO\&ODUN&RUSRUDWLRQDQGGLOXWHGHDUQLQJV
SHUVKDUHGHFUHDVHGSHUFHQWDQGSHUFHQWUHVSHFWLYHO\
5HVXOWVZHUHQHJDWLYHO\LPSDFWHGE\PLOOLRQLQSUHWD[FKDUJHVPLOOLRQDIWHUWD[IRUWKHSXOSDQGWLVVXH
UHVWUXFWXULQJDFWLRQV
&DVKSURYLGHGE\RSHUDWLRQVZDVELOOLRQDGHFUHDVHRISHUFHQWFRPSDUHGWRODVW\HDUGULYHQSULPDULO\E\
KLJKHUGHILQHGEHQHILWSHQVLRQSODQFRQWULEXWLRQVLQ
PART II
&RQWLQXHG