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: 2019 | |||
Consolidated Statements of Earnings | |||
Period Ending Dec 31, 2019 10-K (Filed: Feb 7, 2020) | |||
| (In Millions, except shares in actual) | |||
| 12 Months Ended | 12 Months Ended | 12 Months Ended | |
| Dec 31, 2019 | Dec 31, 2018 | Dec 31, 2017 | |
| Net revenues | $ 25,868 | 25,938 | 25,896 |
| Cost of sales | 15,531 | 15,586 | 15,862 |
| Gross profit | 10,337 | 10,352 | 10,034 |
| Selling, general and administrative expenses | 6,136 | 6,475 | 5,938 |
| Asset impairment and exit costs | 228 | 389 | 642 |
| Net gains on divestitures | (44) | 0 | (186) |
| Amortization of intangibles | 174 | 176 | 178 |
| Operating income | 3,843 | 3,312 | 3,462 |
| Benefit plan non-service income | (60) | (50) | (44) [1] |
| Interest and other expense, net | 456 | 520 | 382 |
| Earnings before income taxes | 3,447 | 2,842 | 3,124 |
| Provision for income taxes | (2) | (773) | (666) |
| Net (loss)/gain on equity method investment transactions | (2) | 778 | 40 |
| Equity method investment net earnings | 442 | 548 | 344 |
| Net earnings | 3,885 | 3,395 | 2,842 |
| Noncontrolling interest earnings | (15) | (14) | (14) |
| Net earnings attributable to Mondelez International | 3,870 | 3,381 | 2,828 |
| Per share data: | |||
| Basic earnings per share attributable to Mondelez International (in dollars per share) | 2.68 | 2.30 | 1.87 |
| Diluted earnings per share attributable to Mondelez International (in dollars per share) | 2.65 | 2.28 | 1.85 |
| [1] During the first quarter of 2018, in connection with adopting a new pension cost classification accounting standard, we reclassified certain of our benefit plan component costs other than service costs out of operating income into a new line item, benefit plan non-service income, on our consolidated statements of earnings. As such, we have recast our historical operating income and segment operating income to reflect this reclassification, which had no impact to earnings before income taxes or net earnings. | |||
10-K.Info (Beta Test) Courtesy of Short Sands, LLC | |||
MONDELEZ INTERNATIONAL, INC. | |||
Ticker: MDLZ Fiscal Year: 2019 | |||
Consolidated Statements of Comprehensive Earnings | |||
Period Ending Dec 31, 2019 10-K (Filed: Feb 7, 2020) | |||
| (In Millions, except shares in actual) | |||
| 12 Months Ended | 12 Months Ended | 12 Months Ended | |
| Dec 31, 2019 | Dec 31, 2018 | Dec 31, 2017 | |
| Net earnings | $ 3,885 | 3,395 | 2,842 |
| Other comprehensive earnings/(losses), net of tax: | |||
| Currency translation adjustment | 299 | (865) | 1,198 |
| Pension and other benefit plans | 116 | 284 | (57) |
| Derivative cash flow hedges | (45) | (54) | 8 |
| Total other comprehensive earnings/(losses) | 370 | (635) | 1,149 |
| Comprehensive earnings | 4,255 | 2,760 | 3,991 |
| less: Comprehensive earnings/(losses) attributable to noncontrolling interests | 13 | 12 | 42 |
| Comprehensive earnings attributable to Mondelez International | 4,242 | 2,748 | 3,949 |
10-K.Info (Beta Test) Courtesy of Short Sands, LLC | |||
MONDELEZ INTERNATIONAL, INC. | |||
Ticker: MDLZ Fiscal Year: 2019 | |||
Consolidated Statements of Cash Flows | |||
Period Ending Dec 31, 2019 10-K (Filed: Feb 7, 2020) | |||
| (In Millions, except shares in actual) | |||
| 12 Months Ended | 12 Months Ended | 12 Months Ended | |
| Dec 31, 2019 | Dec 31, 2018 | Dec 31, 2017 | |
| CASH PROVIDED BY/(USED IN) OPERATING ACTIVITIES | |||
| Net earnings | $ 3,885 | 3,395 | 2,842 |
| Adjustments to reconcile net earnings to operating cash flows: | |||
| Depreciation and amortization | 1,047 | 811 | 816 |
| Stock-based compensation expense | 135 | 128 | 137 |
| U.S. tax reform transition tax/(benefit) | 5 | (38) | 1,317 |
| Deferred income tax (benefit)/provision | (631) | 233 | (1,228) |
| Asset impairments and accelerated depreciation | 109 | 141 | 334 |
| Loss on early extinguishment of debt | 0 | 140 | 11 |
| Net gain on divestitures | (44) | 0 | (186) |
| Net loss/(gain) on equity method investment transactions | 2 | (778) | (40) |
| Equity method investment net earnings | (442) | (548) | (344) |
| Distributions from equity method investments | 250 | 180 | 152 |
| Other non-cash items, net | 97 | 381 | (225) |
| Change in assets and liabilities, net of acquisitions and divestitures: | |||
| Receivables, net | 124 | 257 | (24) |
| Inventories, net | 31 | (204) | (18) |
| Accounts payable | 4 | 236 | 5 |
| Other current assets | (77) | (25) | 14 |
| Other current liabilities | (362) | (136) | (637) |
| Change in pension and postretirement assets and liabilities, net | (168) | (225) | (333) |
| Net cash provided by operating activities | 3,965 | 3,948 | 2,593 |
| CASH PROVIDED BY/(USED IN) INVESTING ACTIVITIES | |||
| Capital expenditures | (925) | (1,095) | (1,014) |
| Acquisitions, net of cash received | (284) | (528) | 0 |
| Proceeds from divestitures, net of disbursements | 167 | 1 | 604 |
| Proceeds from sale of property, plant and equipment and other | 82 | 398 | 109 |
| Net cash used in investing activities | (960) | (1,224) | (301) |
| CASH PROVIDED BY/(USED IN) FINANCING ACTIVITIES | |||
| Issuances of commercial paper, maturities greater than 90 days | 1,306 | 3,981 | 1,808 |
| Repayments of commercial paper, maturities greater than 90 days | (2,367) | (2,856) | (1,911) |
| Net issuances/(repayments) of other short-term borrowings | 524 | (1,413) | 1,027 |
| Long-term debt proceeds | 3,136 | 2,948 | 350 |
| Long-term debt repayments | (2,677) | (1,821) | (1,470) |
| Repurchases of Common Stock | (1,480) | (2,020) | (2,174) |
| Dividends paid | (1,542) | (1,359) | (1,198) |
| Other | 313 | 211 | 207 |
| Net cash used in financing activities | (2,787) | (2,329) | (3,361) |
| Effect of exchange rate changes on cash, cash equivalents and restricted cash | 10 | (56) | 89 |
| Cash, cash equivalents and restricted cash: | |||
| Increase/(decrease) | 228 | 339 | (980) |
| Balance at beginning of period | 1,100 | 761 | |
| Balance at end of period | 1,328 | 1,100 | 761 |
| Cash paid: | |||
| Interest | 486 | 491 | 398 |
| Income taxes | 981 | 864 | 848 |
10-K.Info (Beta Test) Courtesy of Short Sands, LLC | ||
MONDELEZ INTERNATIONAL, INC. | ||
Ticker: MDLZ Fiscal Year: 2019 | ||
Consolidated Balance Sheets, as of December 31 | ||
Period Ending Dec 31, 2019 10-K (Filed: Feb 7, 2020) | ||
| (In Millions, except shares in actual) | ||
| As of | As of | |
| Dec 31, 2019 | Dec 31, 2018 | |
| ASSETS | ||
| Cash and cash equivalents | $ 1,291 | 1,100 |
| Trade receivables (net of allowances of $35 at December 31, 2019 and $40 at December 31, 2018) | 2,212 | 2,262 |
| Other receivables (net of allowances of $44 at December 31, 2019 and $47 at December 31, 2018) | 715 | 744 |
| Inventories, net | 2,546 | 2,592 |
| Other current assets | 866 | 906 |
| Total current assets | 7,630 | 7,604 |
| Property, plant and equipment and right of use assets, net | 8,733 | |
| Property, plant and equipment, net | 8,482 | |
| Operating lease right of use assets | 568 | 0 |
| Goodwill | 20,848 | 20,725 |
| Intangible assets, net | 17,957 | 18,002 |
| Prepaid pension assets | 516 | 132 |
| Deferred income taxes | 726 | 255 |
| Equity method investments | 7,212 | 7,123 [1] |
| Other assets | 359 | 406 |
| TOTAL ASSETS | 64,549 | 62,729 |
| LIABILITIES | ||
| Short-term borrowings | 2,638 | 3,192 |
| Current portion of long-term debt | 1,581 | 2,648 |
| Accounts payable | 5,853 | 5,794 |
| Accrued marketing | 1,836 | 1,756 |
| Accrued employment costs | 769 | 701 |
| Other current liabilities | 2,645 | 2,646 |
| Total current liabilities | 15,322 | 16,737 |
| Long-term debt | 14,207 | 12,532 |
| Long-term operating lease liabilities | 403 | 0 |
| Deferred income taxes | 3,338 | 3,552 |
| Accrued pension costs | 1,190 | 1,221 |
| Accrued postretirement health care costs | 387 | 351 |
| Other liabilities | 2,351 | 2,623 |
| TOTAL LIABILITIES | 37,198 | 37,016 |
| Commitments and Contingencies | ||
| EQUITY | ||
| Common Stock, no par value (5,000,000,000 shares authorized and 1,996,537,778 shares issued at December 31, 2019 and December 31, 2018) | 0 | 0 |
| Additional paid-in capital | 32,019 | 31,961 |
| Retained earnings | 26,653 | 24,491 |
| Accumulated other comprehensive losses | (10,258) | (10,630) |
| Treasury stock, at cost (561,531,524 shares at December 31, 2019 and 545,537,923 shares at December 31, 2018) | (21,139) | (20,185) |
| Total Mondelez International Shareholders Equity | 27,275 | 25,637 |
| Noncontrolling interest | 76 | 76 |
| TOTAL EQUITY | 27,351 | 25,713 |
| TOTAL LIABILITIES AND EQUITY | 64,549 | 62,729 |
| [1] Includes a basis difference of approximately $330 million as of December 31, 2019 and $340 million as of December 31, 2018 between the U.S. GAAP accounting basis for our equity method investments and the U.S. GAAP accounting basis of our investees equity. | ||
| External Links | |
| MONDELEZ INTERNATIONAL, INC. (MDLZ) Fiscal Year 2019 | |
| 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 |