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 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 |
| 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 |