Kenvue Inc (KVUE) financial statements: income statement, balance sheet and cash flow
Kenvue Inc's income statement, balance sheet and cash flow statement as filed with the SEC (10-K and 10-Q), with the latest fiscal years and quarters. In its latest fiscal year (Dec 28, 2025 · FY), Kenvue Inc reported revenue of $15.1B (-2.1% year on year) and net income of $1.5B (+42.7% year on year).
Income statement
Kenvue Inc income statement, fiscal years
Line item
Dec 28, 2025 · FY
Dec 29, 2024 · FY
Dec 31, 2023 · FY
Net sales
$15.1B
$15.5B
$15.4B
Cost of sales
$6.3B
$6.5B
$6.8B
Gross profit
$8.8B
$9.0B
$8.6B
Selling, general, and administrative expenses
$6.1B
$6.3B
$6.1B
Restructuring expenses
$290.0M
$185.0M
—
Impairment charges
$23.0M
$578.0M
—
Other operating (income) expense, net
($23.0M)
$26.0M
($10.0M)
Operating income
$2.4B
$1.8B
$2.5B
Other expense, net
$36.0M
$48.0M
$72.0M
Interest expense, net
$379.0M
$378.0M
$250.0M
Income before taxes
$2.0B
$1.4B
$2.2B
Provision for taxes
$529.0M
$385.0M
$526.0M
Net income
$1.5B
$1.0B
$1.7B
Basic (in dollars per share)
$0.77
$0.54
$0.90
Diluted (in dollars per share)
$0.76
$0.54
$0.90
Basic (in shares)
1.9B
1.9B
1.8B
Diluted (in shares)
1.9B
1.9B
1.9B
Kenvue Inc income statement, quarters
Line item
Jun 28, 2026 · Q2
Mar 29, 2026 · Q1
Sep 28, 2025 · Q3
Jun 29, 2025 · Q2
Net sales
$4.0B
$3.9B
$3.8B
$3.8B
Cost of sales
$1.7B
$1.6B
$1.5B
$1.6B
Gross profit
$2.3B
$2.3B
$2.2B
$2.3B
Selling, general, and administrative expenses
$1.5B
$1.5B
$1.5B
$1.5B
Restructuring expenses
$59.0M
$71.0M
$84.0M
$60.0M
Other operating expense, net
$6.0M
$11.0M
$1.0M
$5.0M
Operating income
$699.0M
$767.0M
$629.0M
$692.0M
Other expense, net
$11.0M
$0
$10.0M
$10.0M
Interest expense, net
$90.0M
$95.0M
$93.0M
$94.0M
Income before taxes
$598.0M
$672.0M
$526.0M
$588.0M
Provision for taxes
$142.0M
$198.0M
$128.0M
$168.0M
Net income
$456.0M
$474.0M
$398.0M
$420.0M
Basic (in dollars per share)
$0.24
$0.25
$0.21
$0.22
Diluted (in dollars per share)
$0.24
$0.25
$0.21
$0.22
Basic (in shares)
1.9B
1.9B
1.9B
1.9B
Diluted (in shares)
1.9B
1.9B
1.9B
1.9B
Balance sheet
Kenvue Inc balance sheet, fiscal years
Line item
Dec 28, 2025 · FY
Dec 29, 2024 · FY
Dec 31, 2023 · FY
Cash and cash equivalents
$1.1B
$1.1B
$1.4B
Trade receivables, less allowances for credit losses ($26 as of both December 28, 2025 and December 29, 2024)
$2.4B
$2.2B
$2.1B
Inventories
$1.7B
$1.6B
$1.9B
Prepaid expenses and other receivables
$432.0M
$494.0M
$567.0M
Other current assets
$155.0M
$205.0M
$265.0M
Total current assets
$5.7B
$5.5B
$6.1B
Property, plant, and equipment, net
$2.2B
$1.8B
$2.0B
Intangible assets, net
$8.7B
$8.5B
$9.6B
Goodwill
$9.5B
$8.8B
$9.3B
Deferred taxes on income
$237.0M
$184.0M
$158.0M
Other assets
$727.0M
$726.0M
$623.0M
Total Assets
$27.1B
$25.6B
$27.9B
Loans and notes payable
$1.5B
$1.6B
$599.0M
Accounts payable
$2.5B
$2.3B
$2.5B
Accrued liabilities
$1.2B
$1.1B
$1.5B
Accrued rebates, returns, and promotions
$755.0M
$727.0M
$795.0M
Accrued taxes on income
$105.0M
$74.0M
$142.0M
Total current liabilities
$5.9B
$5.7B
$5.5B
Long-term debt
$7.1B
$7.1B
$7.7B
Deferred taxes on income
$2.4B
$2.3B
$2.6B
Employee-related obligations
$340.0M
$342.0M
$360.0M
Other liabilities
$601.0M
$536.0M
$491.0M
Total liabilities
$16.3B
$15.9B
$16.6B
Preferred stock, $0.01 par value, 750,000 shares authorized; no shares issued and outstanding as of December 28, 2025 and December 29, 2024
0
0
0
Common stock, $0.01 par value, 12,500,000 shares authorized; 1,936,502 and 1,916,115 shares issued and outstanding as of December 28, 2025, respectively; 1,924,977 and 1,913,768 shares issued and outstanding as of December 29, 2024, respectively
19.0M
19.0M
19.0M
Additional paid-in capital
$16.3B
$16.1B
$16.1B
Treasury stock, 20,387 and 11,208 shares at cost as of December 28, 2025 and December 29, 2024, respectively
-439.0M
-242.0M
-7.0M
Accumulated deficit
($204.0M)
($93.0M)
$429.0M
Accumulated other comprehensive loss
($5.0B)
($6.1B)
($5.4B)
Total stockholders’ equity
$10.8B
$9.7B
$11.2B
Total Liabilities and Stockholders’ Equity
$27.1B
$25.6B
$27.9B
Kenvue Inc balance sheet, quarters
Line item
Jun 28, 2026
Mar 29, 2026
Sep 28, 2025
Jun 29, 2025
Cash and cash equivalents
$1.1B
$1.1B
$1.1B
$1.1B
Trade receivables, less allowances for credit losses ($18 and $26 as of June 28, 2026 and December 28, 2025, respectively)
$2.5B
$2.5B
$2.4B
$2.3B
Inventories
$1.7B
$1.7B
$1.8B
$1.8B
Prepaid expenses and other receivables
$450.0M
$410.0M
$531.0M
$525.0M
Other current assets
$141.0M
$135.0M
$152.0M
$152.0M
Total current assets
$5.9B
$5.8B
$6.0B
$5.9B
Property, plant, and equipment, net
$2.2B
$2.2B
$2.1B
$2.0B
Intangible assets, net
$8.4B
$8.5B
$8.7B
$8.8B
Goodwill
$9.3B
$9.4B
$9.4B
$9.5B
Deferred taxes on income
$247.0M
$232.0M
$237.0M
$220.0M
Other assets
$692.0M
$703.0M
$730.0M
$730.0M
Total Assets
$26.7B
$26.9B
$27.2B
$27.1B
Loans and notes payable
$1.4B
$1.6B
$1.9B
$1.6B
Accounts payable
$2.6B
$2.5B
$2.4B
$2.6B
Accrued liabilities
$1.0B
$901.0M
$958.0M
$1.1B
Accrued rebates, returns, and promotions
$769.0M
$777.0M
$737.0M
$697.0M
Accrued taxes on income
$75.0M
$96.0M
$103.0M
$89.0M
Total current liabilities
$5.9B
$5.9B
$6.2B
$6.0B
Total long-term debt
$7.1B
$7.1B
$7.1B
$7.1B
Deferred taxes on income
$2.3B
$2.4B
$2.4B
$2.4B
Employee-related obligations
$341.0M
$345.0M
$373.0M
$371.0M
Other liabilities
$572.0M
$579.0M
$600.0M
$606.0M
Liabilities, Total
$16.2B
$16.2B
$16.6B
$16.4B
Preferred stock, $0.01 par value, 750,000 shares authorized; no shares issued and outstanding as of June 28, 2026 and December 28, 2025
0
0
0
0
Common stock, $0.01 par value, 12,500,000 shares authorized; 1,940,628 and 1,920,241 shares issued and outstanding as of June 28, 2026, respectively; 1,936,502 and 1,916,115 shares issued and outstanding as of December 28, 2025, respectively
19.0M
19.0M
19.0M
19.0M
Additional paid-in capital
$16.4B
$16.4B
$16.3B
$16.3B
Treasury stock, 20,387 and 20,387 shares at cost as of June 28, 2026 and December 28, 2025, respectively
-439.0M
-439.0M
-439.0M
-369.0M
Accumulated deficit
($70.0M)
($128.0M)
($136.0M)
($136.0M)
Accumulated other comprehensive loss
($5.4B)
($5.2B)
($5.1B)
($5.1B)
Total stockholders’ equity
$10.6B
$10.6B
$10.6B
$10.7B
Total Liabilities and Stockholders’ Equity
$26.7B
$26.9B
$27.2B
$27.1B
Cash flow statement
Kenvue Inc cash flow statement, fiscal years
Line item
Dec 28, 2025 · FY
Dec 29, 2024 · FY
Dec 31, 2023 · FY
Net income
$1.5B
$1.0B
$1.7B
Depreciation and amortization
$557.0M
$622.0M
$627.0M
Stock-based compensation
$136.0M
$254.0M
$188.0M
Deferred income taxes
($108.0M)
($285.0M)
($114.0M)
Impairment charges
$23.0M
$578.0M
—
Losses on investments
$0
$72.0M
—
Other
$67.0M
$69.0M
$6.0M
Trade receivables
($112.0M)
($218.0M)
$44.0M
Inventories
($12.0M)
$182.0M
$349.0M
Other current and non-current assets
$122.0M
($17.0M)
($429.0M)
Accounts payable and accrued liabilities
$41.0M
($536.0M)
—
Employee-related obligations
$43.0M
$27.0M
($78.0M)
Accrued taxes on income
($27.0M)
($61.0M)
($331.0M)
Other liabilities
($3.0M)
$52.0M
($212.0M)
Net cash flows from operating activities
$2.2B
$1.8B
$3.2B
Purchases of property, plant, and equipment
($475.0M)
($434.0M)
($469.0M)
Transfer of funds to J&J pursuant to the Facility Agreement
$0
$0
($8.9B)
Proceeds from J&J upon repayment of the Facility Agreement
$0
$0
$8.9B
Proceeds from (costs associated with) sale of assets
$24.0M
($6.0M)
—
Other investing activities
$15.0M
$15.0M
($40.0M)
Net cash flows used in investing activities
($436.0M)
($425.0M)
($488.0M)
(Repayments of) proceeds from commercial paper program, net of (proceeds) repayments and issuance costs
($146.0M)
—
—
Proceeds from issuance of Senior Notes, net of issuance costs
$746.0M
$0
$7.7B
Proceeds from Kenvue IPO, net
$0
$0
$4.2B
Repayment of Senior Notes
($750.0M)
—
—
Distribution to J&J in connection with the Separation
$0
$0
($13.8B)
Dividends paid
($1.6B)
($1.6B)
($766.0M)
Net transfers to J&J
$0
$0
($274.0M)
Purchase of treasury stock
($197.0M)
($235.0M)
—
Other financing activities
$91.0M
$63.0M
($186.0M)
Net cash flows used in financing activities
($1.8B)
($1.6B)
($2.5B)
Effect of exchange rate changes on cash and cash equivalents
$68.0M
($91.0M)
($2.0M)
Cash and cash equivalents, beginning of period
$1.1B
$1.4B
$1.2B
Net (decrease) increase in cash and cash equivalents
($8.0M)
($312.0M)
$151.0M
Cash and cash equivalents, end of period
$1.1B
$1.1B
$1.4B
Net cash paid for income taxes
$595.0M
$810.0M
($699.0M)
Cash paid for interest
$440.0M
$439.0M
($224.0M)
Kenvue Inc cash flow statement, quarters
Line item
Jun 28, 2026 · YTD
Mar 29, 2026 · Q1
Sep 28, 2025 · YTD
Jun 29, 2025 · YTD
Net income
$930.0M
$474.0M
$1.1B
$742.0M
Depreciation and amortization
$288.0M
$143.0M
$419.0M
$278.0M
Stock-based compensation
$61.0M
$29.0M
$106.0M
$81.0M
Deferred income taxes
$18.0M
$28.0M
($11.0M)
($27.0M)
Other
$33.0M
$18.0M
$54.0M
$33.0M
Trade receivables
($108.0M)
($136.0M)
($147.0M)
($51.0M)
Inventories
($69.0M)
($19.0M)
($144.0M)
($117.0M)
Other current and non-current assets
($85.0M)
($16.0M)
$147.0M
$112.0M
Accounts payable and accrued liabilities
$120.0M
($77.0M)
($89.0M)
$109.0M
Employee-related obligations
$5.0M
$5.0M
$17.0M
($4.0M)
Accrued taxes on income
($15.0M)
$33.0M
($80.0M)
($29.0M)
Other liabilities
($1.0M)
$7.0M
($69.0M)
($78.0M)
Net cash flows from operating activities
$1.2B
$489.0M
$1.3B
$1.0B
Purchases of property, plant, and equipment
($203.0M)
($139.0M)
($365.0M)
($267.0M)
Other investing activities
($42.0M)
($28.0M)
$4.0M
$10.0M
Net cash flows used in investing activities
($245.0M)
($167.0M)
($361.0M)
($257.0M)
Proceeds from (repayments of) commercial paper program, net of repayments (proceeds) and issuance costs
$1.4B
$870.0M
$324.0M
($25.0M)
Repayments of commercial paper program—original maturities more than three months
($750.0M)
—
—
—
Proceeds from issuance of Senior Notes, net of issuance costs
$0
—
$746.0M
$746.0M
Repayment of Senior Notes
($750.0M)
($750.0M)
($750.0M)
($750.0M)
Dividends paid
($796.0M)
($398.0M)
($1.2B)
($785.0M)
Purchase of treasury stock
$0
$0
($197.0M)
($127.0M)
Other financing activities
($16.0M)
($17.0M)
$92.0M
$83.0M
Net cash flows used in financing activities
($882.0M)
($295.0M)
($968.0M)
($858.0M)
Effect of exchange rate changes on cash and cash equivalents