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: 2022 | |||
Consolidated Statements of Earnings | |||
Period Ending Dec 31, 2022 10-K (Filed: Feb 3, 2023) | |||
| (In Millions, except shares in actual) | |||
| 12 Months Ended | 12 Months Ended | 12 Months Ended | |
| Dec 31, 2022 | Dec 31, 2021 | Dec 31, 2020 | |
| Net revenues | $ 31,496 | 28,720 | 26,581 |
| Cost of sales | 20,184 | 17,466 | 16,135 |
| Gross profit | 11,312 | 11,254 | 10,446 |
| Selling, general and administrative expenses | 7,384 | 6,263 | 6,098 |
| Asset impairment and exit costs | 262 | 212 | 301 |
| Net gain on acquisition and divestitures | 0 | (8) | 0 |
| Amortization of intangible assets | 132 | 134 | 194 |
| Operating income | 3,534 | 4,653 | 3,853 |
| Benefit plan non-service income | (117) | (163) | (138) |
| Interest and other expense, net | 423 | 447 | 608 |
| Earnings before income taxes | 3,228 | 4,369 | 3,383 |
| Income tax provision | (865) | (1,190) | (1,224) |
| Gain/(loss) on equity method investment transactions | (22) | 742 | 989 |
| Equity method investment net earnings | 385 | 393 | 421 |
| Net earnings | 2,726 | 4,314 | 3,569 |
| Noncontrolling interest earnings | (9) | (14) | (14) |
| Net earnings attributable to Mondelez International | 2,717 | 4,300 | 3,555 |
| Per share data: | |||
| Basic earnings per share attributable to Mondelez International (in dollars per share) | 1.97 | 3.06 | 2.48 |
| Diluted earnings per share attributable to Mondelez International (in dollars per share) | 1.96 | 3.04 | 2.47 |
10-K.Info (Beta Test) Courtesy of Short Sands, LLC | |||
MONDELEZ INTERNATIONAL, INC. | |||
Ticker: MDLZ Fiscal Year: 2022 | |||
Consolidated Statements of Comprehensive Earnings | |||
Period Ending Dec 31, 2022 10-K (Filed: Feb 3, 2023) | |||
| (In Millions, except shares in actual) | |||
| 12 Months Ended | 12 Months Ended | 12 Months Ended | |
| Dec 31, 2022 | Dec 31, 2021 | Dec 31, 2020 | |
| Net earnings | $ 2,726 | 4,314 | 3,569 |
| Other comprehensive earnings/(losses), net of tax: | |||
| Currency translation adjustment | (725) | (458) | (322) |
| Pension and other benefit plans | 274 | 495 | (153) |
| Derivative cash flow hedges | 114 | 13 | 52 |
| Total other comprehensive earnings/(losses) | (337) | 50 | (423) |
| Comprehensive earnings | 2,389 | 4,364 | 3,146 |
| less: Comprehensive earnings/(losses) attributable to noncontrolling interests | (5) | (2) | 27 |
| Comprehensive earnings attributable to Mondelez International | 2,394 | 4,366 | 3,119 |
10-K.Info (Beta Test) Courtesy of Short Sands, LLC | |||
MONDELEZ INTERNATIONAL, INC. | |||
Ticker: MDLZ Fiscal Year: 2022 | |||
Consolidated Statements of Cash Flows | |||
Period Ending Dec 31, 2022 10-K (Filed: Feb 3, 2023) | |||
| (In Millions, except shares in actual) | |||
| 12 Months Ended | 12 Months Ended | 12 Months Ended | |
| Dec 31, 2022 | Dec 31, 2021 | Dec 31, 2020 | |
| CASH PROVIDED BY/(USED IN) OPERATING ACTIVITIES | |||
| Net earnings | $ 2,726 | 4,314 | 3,569 |
| Adjustments to reconcile net earnings to operating cash flows: | |||
| Depreciation and amortization | 1,107 | 1,113 | 1,116 |
| Stock-based compensation expense | 120 | 121 | 126 |
| Deferred income tax provision/(benefit) | (42) | 205 | (70) |
| Asset impairments and accelerated depreciation | 233 | 128 | 136 |
| Loss on early extinguishment of debt | 38 | 110 | 185 |
| Net gain on acquisition and divestitures | 0 | (8) | 0 |
| Loss/(gain) on equity method investment transactions | 22 | (742) | (989) |
| Equity method investment net earnings | (385) | (393) | (421) |
| Distributions from equity method investments | 184 | 172 | 246 |
| Mark-to-market and other non-cash items, net | 426 | (230) | 243 |
| Change in assets and liabilities, net of acquisitions and divestitures: | |||
| Receivables, net | (719) | (197) | 59 |
| Inventories, net | (635) | (170) | (24) |
| Accounts payable | 715 | 702 | 436 |
| Other current assets | (286) | (169) | (207) |
| Other current liabilities | 630 | (502) | (208) |
| Change in pension and postretirement assets and liabilities, net | (226) | (313) | (233) |
| Net cash provided by operating activities | 3,908 | 4,141 | 3,964 |
| CASH PROVIDED BY/(USED IN) INVESTING ACTIVITIES | |||
| Capital expenditures | (906) | (965) | (863) |
| Acquisitions, net of cash received | (5,286) | (833) | (1,136) |
| Proceeds from divestitures including equity method investments | 601 | 1,539 | 2,489 |
| Proceeds from derivative settlements and other | 703 | 233 | 10 |
| Net cash (used in)/provided by investing activities | (4,888) | (26) | 500 |
| CASH PROVIDED BY/(USED IN) FINANCING ACTIVITIES | |||
| Issuances of commercial paper, maturities greater than 90 days | 0 | 0 | 677 |
| Repayments of commercial paper, maturities greater than 90 days | 0 | 0 | (1,174) |
| Net issuances/(repayments) of short-term borrowings | 1,914 | 194 | (2,116) |
| Long-term debt proceeds | 4,490 | 5,921 | 7,213 |
| Long-term debt repayments | (3,032) | (6,247) | (3,878) |
| Repurchases of Common Stock | (2,017) | (2,110) | (1,390) |
| Dividends paid | (1,985) | (1,826) | (1,678) |
| Other | 174 | (1) | 131 |
| Net cash used in financing activities | (456) | (4,069) | (2,215) |
| Effect of exchange rate changes on cash, cash equivalents and restricted cash | (169) | (143) | 73 |
| Cash, cash equivalents and restricted cash: | |||
| (Decrease)/increase | (1,605) | (97) | 2,322 |
| Balance at beginning of period | 3,553 | 3,650 | |
| Balance at end of period | 1,948 | 3,553 | 3,650 |
| Cash paid: | |||
| Interest | 551 | 426 | 413 |
| Income taxes | 1,103 | 1,556 | 1,264 |
10-K.Info (Beta Test) Courtesy of Short Sands, LLC | ||
MONDELEZ INTERNATIONAL, INC. | ||
Ticker: MDLZ Fiscal Year: 2022 | ||
Consolidated Balance Sheets, as of December 31 | ||
Period Ending Dec 31, 2022 10-K (Filed: Feb 3, 2023) | ||
| (In Millions, except shares in actual) | ||
| As of | As of | |
| Dec 31, 2022 | Dec 31, 2021 | |
| ASSETS | ||
| Cash and cash equivalents | $ 1,923 | 3,546 |
| Trade receivables (net of allowances of $45 at December 31, 2022 and $37 at December 31, 2021) | 3,088 | 2,337 |
| Other receivables (net of allowances of $59 at December 31, 2022 and $49 at December 31, 2021) | 819 | 851 |
| Inventories, net | 3,381 | 2,708 |
| Other current assets | 880 | 900 |
| Total current assets | 10,091 | 10,342 |
| Property, plant and equipment, net | 9,020 | 8,658 |
| Operating lease right of use assets | 660 | 613 |
| Goodwill | 23,450 | 21,978 |
| Intangible assets, net | 19,710 | 18,291 |
| Prepaid pension assets | 1,016 | 1,009 |
| Deferred income taxes | 473 | 541 |
| Equity method investments | 4,879 [1] | 5,289 |
| Other assets | 1,862 | 371 |
| TOTAL ASSETS | 71,161 | 67,092 |
| LIABILITIES | ||
| Short-term borrowings | 2,299 | 216 |
| Current portion of long-term debt | 383 | 1,746 |
| Accounts payable | 7,562 | 6,730 |
| Accrued marketing | 2,370 | 2,097 |
| Accrued employment costs | 949 | 822 |
| Other current liabilities | 3,168 | 2,397 |
| Total current liabilities | 16,731 | 14,008 |
| Long-term debt | 20,251 | 17,550 |
| Long-term operating lease liabilities | 514 | 459 |
| Deferred income taxes | 3,437 | 3,444 |
| Accrued pension costs | 403 | 681 |
| Accrued postretirement health care costs | 217 | 301 |
| Other liabilities | 2,688 | 2,326 |
| TOTAL LIABILITIES | 44,241 | 38,769 |
| Commitments and Contingencies (Note 14) | ||
| EQUITY | ||
| Common Stock, no par value (5,000,000,000 shares authorized and 1,996,537,778 shares issued at December 31, 2022 and December 31, 2021) | 0 | 0 |
| Additional paid-in capital | 32,143 | 32,097 |
| Retained earnings | 31,481 | 30,806 |
| Accumulated other comprehensive losses | (10,947) | (10,624) |
| Treasury stock, at cost (630,646,687 shares at December 31, 2022 and 604,907,239 shares at December 31, 2021) | (25,794) | (24,010) |
| Total Mondelez International Shareholders Equity | 26,883 | 28,269 |
| Noncontrolling interest | 37 | 54 |
| TOTAL EQUITY | 26,920 | 28,323 |
| TOTAL LIABILITIES AND EQUITY | 71,161 | 67,092 |
| [1] Includes a basis difference of approximately $419 million as of December 31, 2022 and $475 million as of December 31, 2021 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 2022 | |
| 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 |