10-K.Info (Beta Test) Courtesy of Short Sands, LLC | ||||||||||||||
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10-K.Info (Beta Test) Courtesy of Short Sands, LLC | |||
MONDELEZ INTERNATIONAL, INC. | |||
Ticker: MDLZ Fiscal Year: 2015 | |||
Consolidated Statements of Earnings | |||
Period Ending Dec 31, 2015 10-K (Filed: Feb 19, 2016) | |||
| (In Millions, except shares in actual) | |||
| 12 Months Ended | 12 Months Ended | 12 Months Ended | |
| Dec 31, 2015 | Dec 31, 2014 | Dec 31, 2013 | |
| Net revenues | $ 29,636 | 34,244 | 35,299 |
| Cost of sales | 18,124 | 21,647 | 22,189 |
| Gross profit | 11,512 | 12,597 | 13,110 |
| Selling, general and administrative expenses | 7,577 | 8,457 | 8,679 |
| Asset impairment and exit costs | 901 | 692 | 273 |
| Gains on coffee business transactions and divestitures | (6,822) | (30) | |
| Loss on deconsolidation of Venezuela | 778 | ||
| Amortization of intangibles | 181 | 206 | 217 |
| Operating income | 8,897 | 3,242 | 3,971 |
| Interest and other expense, net | 1,013 | 688 | 1,579 |
| Earnings from continuing operations before income taxes | 7,884 | 2,554 | 2,392 |
| Provision for income taxes | 593 | 353 | 60 |
| Earnings from continuing operations | 7,291 [1] | 2,201 | 2,332 |
| Earnings from discontinued operations, net of income taxes | 1,603 | ||
| Net earnings | 7,291 | 2,201 | 3,935 |
| Noncontrolling interest | 24 | 17 | 20 |
| Net earnings attributable to Mondelez International | 7,267 | 2,184 | 3,915 |
| Per share data: | |||
| Basic earnings per share attributable to Mondelez International: | |||
| Continuing operations | 4.49 | 1.29 | 1.30 |
| Discontinued operations | 0.91 | ||
| Net earnings attributable to Mondelez International | 4.49 | 1.29 | 2.21 |
| Diluted earnings per share attributable to Mondelez International: | |||
| Continuing operations | 4.44 | 1.28 | 1.29 |
| Discontinued operations | 0.90 | ||
| Net earnings attributable to Mondelez International | 4.44 | 1.28 | 2.19 |
| Dividends declared | 0.64 | 0.58 | 0.54 |
| [1] Earnings from continuing operations for the year ended December 31, 2015 includes a pre-tax charge of $778 million related to the deconsolidation of our Venezuelan operations. See Note 1, Summary of Significant Accounting Policies - Currency Translation and Highly Inflationary Accounting: Venezuela, for additional information. | |||
10-K.Info (Beta Test) Courtesy of Short Sands, LLC | |||
MONDELEZ INTERNATIONAL, INC. | |||
Ticker: MDLZ Fiscal Year: 2015 | |||
Consolidated Statements of Comprehensive Earnings | |||
Period Ending Dec 31, 2015 10-K (Filed: Feb 19, 2016) | |||
| (In Millions, except shares in actual) | |||
| 12 Months Ended | 12 Months Ended | 12 Months Ended | |
| Dec 31, 2015 | Dec 31, 2014 | Dec 31, 2013 | |
| Net earnings | $ 7,291 | 2,201 | 3,935 |
| Other comprehensive earnings / (losses): | |||
| Currency translation adjustment: | |||
| Translation adjustment | (2,759) | (3,287) | (1,080) |
| Reclassification to earnings related to Venezuela deconsolidation | 99 | ||
| Tax (expense) / benefit | (184) | (228) | 36 |
| Pension and other benefits: | |||
| Net actuarial gain / (loss) arising during period | (60) | (1,388) | 713 |
| Reclassification of (gains) / losses into net earnings: | |||
| Amortization of experience losses and prior service costs | 207 | 132 | 193 |
| Settlement losses | 111 | 42 | 4 |
| Venezuela deconsolidation | 2 | ||
| Tax (expense) / benefit | (66) | 386 | (244) |
| Derivatives accounted for as hedges: | |||
| Net derivative gains / (losses) | (74) | (166) | 169 |
| Reclassification of (gains) / losses into net earnings | 21 | (45) | 72 |
| Tax (expense) / benefit | 9 | 92 | (86) |
| Total other comprehensive earnings / (losses) | (2,694) | (4,462) | (223) |
| Comprehensive earnings / (losses) | 4,597 | (2,261) | 3,712 |
| less: Comprehensive earnings / (losses) attributable to noncontrolling interests | (2) | (16) | 20 |
| Comprehensive earnings / (losses) attributable to Mondelez International | 4,599 | (2,245) | 3,692 |
10-K.Info (Beta Test) Courtesy of Short Sands, LLC | |||
MONDELEZ INTERNATIONAL, INC. | |||
Ticker: MDLZ Fiscal Year: 2015 | |||
Consolidated Statements of Cash Flows | |||
Period Ending Dec 31, 2015 10-K (Filed: Feb 19, 2016) | |||
| (In Millions, except shares in actual) | |||
| 12 Months Ended | 12 Months Ended | 12 Months Ended | |
| Dec 31, 2015 | Dec 31, 2014 | Dec 31, 2013 | |
| CASH PROVIDED BY / (USED IN) OPERATING ACTIVITIES | |||
| Net earnings | $ 7,291 | 2,201 | 3,935 |
| Adjustments to reconcile net earnings to operating cash flows: | |||
| Depreciation and amortization | 894 | 1,059 | 1,077 |
| Stock-based compensation expense | 136 | 141 | 128 |
| Deferred income tax benefit | (30) | (186) | (64) |
| Asset impairments | 345 | 240 | 97 |
| Benefit from indemnification resolution | (385) | ||
| Loss on early extinguishment of debt | 748 | 493 | 608 |
| Gains on coffee business transactions, divestitures and acquisition, net | (6,822) | (30) | |
| Loss on deconsolidation of Venezuela | 778 | ||
| Coffee business transactions currency-related net gains | (436) | (628) | |
| Income from equity method investments | (56) | (113) | (107) |
| Distributions from equity method investments | 58 | 63 | 66 |
| Other non-cash items, net | 199 | (134) | 22 |
| Change in assets and liabilities, net of acquisitions and divestitures: | |||
| Receivables, net | 44 | 184 | 492 |
| Inventories, net | (49) | (188) | (116) |
| Accounts payable | 659 | 387 | 793 |
| Other current assets | 28 | (86) | (42) |
| Other current liabilities | 152 | 135 | 62 |
| Change in pension and postretirement assets and liabilities, net | (211) | (6) | (126) |
| Net cash provided by operating activities | 3,728 | 3,562 | 6,410 |
| CASH PROVIDED BY / (USED IN) INVESTING ACTIVITIES | |||
| Capital expenditures | (1,514) | (1,642) | (1,622) |
| Proceeds from coffee business transactions and divestiture, net of disbursements | 4,735 | 60 | |
| Proceeds from coffee business transactions currency hedge settlements | 1,050 | ||
| Acquisitions, net of cash received | (527) | (7) | (119) |
| Reduction of cash due to Venezuela deconsolidation | (611) | ||
| Capital contribution to JDE | (544) | ||
| Cash received from Kraft Foods Group related to the Spin-Off | 55 | ||
| Proceeds from sale of property, plant and equipment and other | 60 | 7 | 143 |
| Net cash provided by / (used in) investing activities | 2,649 | (1,642) | (1,483) |
| CASH PROVIDED BY / (USED IN) FINANCING ACTIVITIES | |||
| Issuances of commercial paper, maturities greater than 90 days | 613 | 2,082 | 1,329 |
| Repayments of commercial paper, maturities greater than 90 days | (710) | (2,713) | (607) |
| Net (repayments) / issuances of other short-term borrowings | (931) | 398 | 613 |
| Long-term debt proceeds | 4,624 | 3,032 | 3,248 |
| Long-term debt repaid | (4,975) | (3,017) | (7,559) |
| Repurchase of Common Stock | (3,622) | (1,700) | (2,900) |
| Dividends paid | (1,008) | (964) | (943) |
| Other | 126 | 194 | 132 |
| Net cash used in financing activities | (5,883) | (2,688) | (6,687) |
| Effect of exchange rate changes on cash and cash equivalents | (255) | (223) | (93) |
| Cash and cash equivalents: | |||
| Increase / (decrease) | 239 | (991) | (1,853) |
| Balance at beginning of period | 1,631 | 2,622 | |
| Balance at end of period | 1,870 | 1,631 | 2,622 |
| Cash paid: | |||
| Interest | 747 | 827 | 1,150 |
| Income taxes | 745 | 1,238 | 760 |
10-K.Info (Beta Test) Courtesy of Short Sands, LLC | ||
MONDELEZ INTERNATIONAL, INC. | ||
Ticker: MDLZ Fiscal Year: 2015 | ||
Consolidated Balance Sheets | ||
Period Ending Dec 31, 2015 10-K (Filed: Feb 19, 2016) | ||
| (In Millions, except shares in actual) | ||
| As of | As of | |
| Dec 31, 2015 | Dec 31, 2014 | |
| ASSETS | ||
| Cash and cash equivalents | $ 1,870 | 1,631 |
| Trade receivables (net of allowances of $54 at December 31, 2015 and $66 at December 31, 2014) | 2,634 | 3,802 |
| Other receivables (net of allowances of $109 at December 31, 2015 and $91 at December 31, 2014) | 1,212 | 949 |
| Inventories, net | 2,609 | 3,480 |
| Deferred income taxes | 480 | |
| Other current assets | 633 | 1,408 |
| Total current assets | 8,958 | 11,750 |
| Property, plant and equipment, net | 8,362 | 9,827 |
| Goodwill | 20,664 | 23,389 |
| Intangible assets, net | 18,768 | 20,335 |
| Prepaid pension assets | 69 | 53 |
| Equity method investments | 5,387 | 662 |
| Other assets | 635 | 755 |
| TOTAL ASSETS | 62,843 [1] | 66,771 |
| LIABILITIES | ||
| Short-term borrowings | 236 | 1,305 |
| Current portion of long-term debt | 605 | 1,530 |
| Accounts payable | 4,890 | 5,299 |
| Accrued marketing | 1,634 | 2,047 |
| Accrued employment costs | 844 | 946 |
| Other current liabilities | 2,713 | 2,880 |
| Total current liabilities | 10,922 | 14,007 |
| Long-term debt | 14,557 | 13,821 |
| Deferred income taxes | 4,750 | 5,512 |
| Accrued pension costs | 2,183 | 2,912 |
| Accrued postretirement health care costs | 499 | 526 |
| Other liabilities | 1,832 | 2,140 |
| TOTAL LIABILITIES | 34,743 | 38,918 |
| Commitments and Contingencies (Note 13) | ||
| EQUITY | ||
| Common Stock, no par value (5,000,000,000 shares authorized and 1,996,537,778 shares issued at December 31, 2015 and December 31, 2014) | 0 | 0 |
| Additional paid-in capital | 31,760 | 31,651 |
| Retained earnings | 20,700 | 14,529 |
| Accumulated other comprehensive losses | (9,986) | (7,318) |
| Treasury stock, at cost (416,504,624 shares at December 31, 2015 and 332,896,779 shares at December 31, 2014) | (14,462) | (11,112) |
| Total Mondelez International Shareholders' Equity | 28,012 | 27,750 |
| Noncontrolling interest | 88 | 103 |
| TOTAL EQUITY | 28,100 | 27,853 |
| TOTAL LIABILITIES AND EQUITY | 62,843 | 66,771 |
| [1] Beginning in the third quarter of 2015, earnings from equity method investees were reported outside of segment operating income, as discussed above in this Note and Note 1, Summary of Significant Accounting Policies - Principles of Consolidation, and outside of segment assets. We reclassified equity method investments above as of December 31, 2014 and 2013 on a basis consistent with the 2015 presentation. | ||
| External Links | |
| MONDELEZ INTERNATIONAL, INC. (MDLZ) Fiscal Year 2015 | |
| Statements of 10-K in Excel | https://www.sec.gov/.../Financial.xlxs |
| Complete 10-K in HTML | https://www.sec.gov/.../10-K.html |
| Complete 10-K in XBRL | https://www.sec.gov/.../10-K-xbrl.zip |