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: 2011 | |||
Consolidated Statements Of Earnings | |||
Period Ending Dec 31, 2011 10-K (Filed: Feb 27, 2012) | |||
| (In Millions, except shares in actual) | |||
| 12 Months Ended | 12 Months Ended | 12 Months Ended | |
| Dec 31, 2011 | Dec 31, 2010 | Dec 31, 2009 | |
| Net revenues | $ 54,365 | 49,207 [1] | 38,754 |
| Cost of sales | 35,350 | 31,305 | 24,819 |
| Gross profit | 19,015 | 17,902 | 13,935 |
| Selling, general and administrative expenses | 12,140 | 12,001 | 8,784 |
| Asset impairment and exit costs | (7) | 18 | (64) |
| Losses on divestitures, net | 6 | 6 | |
| Amortization of intangibles | 225 | 211 | 26 |
| Operating income | 6,657 | 5,666 | 5,183 |
| Interest and other expense, net | 1,885 | 2,024 | 1,237 |
| Earnings from continuing operations before income taxes | 4,772 | 3,642 | 3,946 |
| Provision for income taxes | 1,225 | 1,147 | 1,136 |
| Earnings from continuing operations | 3,547 | 2,495 | 2,810 |
| Earnings and gain from discontinued operations, net of income taxes | 1,644 | 218 | |
| Net earnings | 3,547 | 4,139 | 3,028 |
| Noncontrolling interest | 20 | 25 | 7 |
| Net earnings attributable to Kraft Foods | 3,527 | 4,114 | 3,021 |
| Per share data: | |||
| Basic earnings per share attributable to Kraft Foods: | |||
| Continuing operations | 2.00 | 1.44 | 1.90 |
| Discontinued operations | 0.96 | 0.14 | |
| Net earnings attributable to Kraft Foods | 2.00 | 2.40 | 2.04 |
| Diluted earnings per share attributable to Kraft Foods: | |||
| Continuing operations | 1.99 | 1.44 | 1.89 |
| Discontinued operations | 0.95 | 0.14 | |
| Net earnings attributable to Kraft Foods | 1.99 | 2.39 | 2.03 |
| Dividends declared | 1.16 | 1.16 | 1.16 |
| [1] Within the above sector revenues disclosures, we reclassified certain net revenues to conform to the current year presentation. | |||
10-K.Info (Beta Test) Courtesy of Short Sands, LLC | |||
MONDELEZ INTERNATIONAL, INC. | |||
Ticker: MDLZ Fiscal Year: 2011 | |||
Consolidated Statements Of Comprehensive Earnings | |||
Period Ending Dec 31, 2011 10-K (Filed: Feb 27, 2012) | |||
| (In Millions, except shares in actual) | |||
| 12 Months Ended | 12 Months Ended | 12 Months Ended | |
| Dec 31, 2011 | Dec 31, 2010 | Dec 31, 2009 | |
| Net earnings | $ 3,547 | 4,139 | 3,028 |
| Other comprehensive earnings / (losses): | |||
| Currency translation adjustment: | |||
| Translation adjustment | (1,245) | 264 | 1,777 |
| Tax (expense) / benefit | (45) | (101) | 34 |
| Pension and other benefits: | |||
| Net actuarial gain / (loss) arising during period | (2,333) | (361) | 29 |
| Reclassification adjustment for losses (gains) included in net earnings due to: Amortization of experience losses and prior service costs | 361 | 281 | 209 |
| Reclassification adjustment for losses (gains) included in net earnings due to: Settlement losses | 113 | 129 | 120 |
| Tax benefit / (expense) | 768 | (144) | (220) |
| Derivatives accounted for as hedges: | |||
| Net derivative (losses) / gains | (709) | (10) | 35 |
| Reclassification adjustment for (gains) / losses included in net earnings | 93 | (30) | 178 |
| Tax benefit / (expense) | 240 | 18 | (89) |
| Total other comprehensive (losses) / earnings | (2,757) | 46 | 2,073 |
| Comprehensive earnings | 790 | 4,185 | 5,101 |
| less: Comprehensive earnings attributable to noncontrolling interests | 10 | 6 | 41 |
| Comprehensive earnings attributable to Kraft Foods | 780 | 4,179 | 5,060 |
10-K.Info (Beta Test) Courtesy of Short Sands, LLC | |||
MONDELEZ INTERNATIONAL, INC. | |||
Ticker: MDLZ Fiscal Year: 2011 | |||
Consolidated Statements Of Cash Flows | |||
Period Ending Dec 31, 2011 10-K (Filed: Feb 27, 2012) | |||
| (In Millions, except shares in actual) | |||
| 12 Months Ended | 12 Months Ended | 12 Months Ended | |
| Dec 31, 2011 | Dec 31, 2010 | Dec 31, 2009 | |
| CASH PROVIDED BY / (USED IN) OPERATING ACTIVITIES | |||
| Net earnings | $ 3,547 | 4,139 | 3,028 |
| Adjustments to reconcile net earnings to operating cash flows: | |||
| Depreciation and amortization | 1,485 | 1,440 | 931 |
| Stock-based compensation expense | 181 | 174 | 164 |
| Deferred income tax (benefit) / provision | (351) | 251 | 38 |
| Losses on divestitures, net | 6 | 6 | |
| Gains on discontinued operations | (1,596) | ||
| Asset impairment and exit costs, net of cash paid | 55 | 17 | |
| Other non-cash expense, net | 81 | 329 | 269 |
| Change in assets and liabilities, excluding the effects of acquisitions and divestitures: | |||
| Receivables, net | (115) | (165) | (17) |
| Inventories, net | (556) | (359) | 299 |
| Accounts payable | 300 | 83 | 126 |
| Other current assets | (374) | 42 | 351 |
| Other current liabilities | 676 | (776) | 111 |
| Change in pension and postretirement assets and liabilities, net | (354) | 125 | (239) |
| Net cash provided by operating activities | 4,520 | 3,748 | 5,084 |
| CASH PROVIDED BY / (USED IN) INVESTING ACTIVITIES | |||
| Capital expenditures | (1,771) | (1,661) | (1,330) |
| Acquisitions, net of cash received | (9,848) | ||
| Proceeds from divestitures, net of disbursements | 4,039 | 41 | |
| Proceeds from sale of property, plant and equipment and other | 43 | 8 | 50 |
| Net cash used in investing activities | (1,728) | (7,462) | (1,239) |
| CASH PROVIDED BY / (USED IN) FINANCING ACTIVITIES | |||
| Net repayments of short-term borrowings | (565) | (864) | (446) |
| Long-term debt proceeds | 36 | 9,433 | 3 |
| Long-term debt repaid | (1,114) | (2,134) | (968) |
| Dividends paid | (2,043) | (2,175) | (1,712) |
| Proceeds from stock option exercises and other | 511 | (72) | (10) |
| Net cash (used in) / provided by financing activities | (3,175) | 4,188 | (3,133) |
| Effect of exchange rate changes on cash and cash equivalents | (124) | (94) | 145 |
| Cash and cash equivalents: | |||
| (Decrease) / Increase | (507) | 380 | 857 |
| Balance at beginning of period | 2,481 | 2,101 | |
| Balance at end of period | 1,974 | 2,481 | 2,101 |
| Cash paid: | |||
| Interest | 2,031 | 1,593 | 1,308 |
| Income taxes | 932 | 2,232 | 1,025 |
10-K.Info (Beta Test) Courtesy of Short Sands, LLC | ||
MONDELEZ INTERNATIONAL, INC. | ||
Ticker: MDLZ Fiscal Year: 2011 | ||
Consolidated Balance Sheets | ||
Period Ending Dec 31, 2011 10-K (Filed: Feb 27, 2012) | ||
| (In Millions, except shares in actual) | ||
| As of | As of | |
| Dec 31, 2011 | Dec 31, 2010 | |
| ASSETS | ||
| Cash and cash equivalents | $ 1,974 | 2,481 |
| Receivables (net of allowances of $143 in 2011 and $246 in 2010) | 6,361 | 6,539 |
| Inventories, net | 5,706 | 5,310 |
| Deferred income taxes | 912 | 898 |
| Other current assets | 1,249 | 993 |
| Total current assets | 16,202 | 16,221 |
| Property, plant and equipment, net | 13,813 | 13,792 |
| Goodwill | 37,297 | 37,856 |
| Intangible assets, net | 25,186 | 25,963 |
| Prepaid pension assets | 31 | 86 |
| Other assets | 1,308 | 1,371 |
| TOTAL ASSETS | 93,837 | 95,289 |
| LIABILITIES | ||
| Short-term borrowings | 182 | 750 |
| Current portion of long-term debt | 3,654 | 1,115 |
| Accounts payable | 5,525 | 5,409 |
| Accrued marketing | 2,863 | 2,515 |
| Accrued employment costs | 1,365 | 1,292 |
| Other current liabilities | 4,856 | 4,812 |
| Total current liabilities | 18,445 | 15,893 |
| Long-term debt | 23,095 | 26,859 |
| Deferred income taxes | 6,738 | 7,984 |
| Accrued pension costs | 3,597 | 2,382 |
| Accrued postretirement health care costs | 3,238 | 3,046 |
| Other liabilities | 3,396 | 3,183 |
| TOTAL LIABILITIES | 58,509 | 59,347 |
| Commitments and Contingencies (Note 13) | ||
| EQUITY | ||
| Common Stock, no par value (1,996,537,778 shares issued in 2011 and 2010) | ||
| Additional paid-in capital | 31,318 | 31,231 |
| Retained earnings | 18,012 | 16,619 |
| Accumulated other comprehensive losses | (6,637) | (3,890) |
| Treasury stock, at cost | (7,476) | (8,126) |
| Total Kraft Foods Shareholders' Equity | 35,217 | 35,834 |
| Noncontrolling interest | 111 | 108 |
| TOTAL EQUITY | 35,328 | 35,942 |
| TOTAL LIABILITIES AND EQUITY | 93,837 | 95,289 |
| External Links | |
| MONDELEZ INTERNATIONAL, INC. (MDLZ) Fiscal Year 2011 | |
| 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 |