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: 2013 | |||
Consolidated Statements of Earnings | |||
Period Ending Dec 31, 2013 10-K (Filed: Mar 3, 2014) | |||
| (In Millions, except shares in actual) | |||
| 12 Months Ended | 12 Months Ended | 12 Months Ended | |
| Dec 31, 2013 | Dec 31, 2012 | Dec 31, 2011 | |
| Net revenues | $ 35,299 | 35,015 | 35,810 |
| Cost of sales | 22,189 | 21,939 | 22,710 |
| Gross profit | 13,110 | 13,076 | 13,100 |
| Selling, general and administrative expenses | 8,679 | 9,176 | 9,382 |
| Asset impairment and exit costs | 273 | 153 | (5) |
| Gains on acquisition and divestitures, net | (30) | (107) | |
| Amortization of intangibles | 217 | 217 | 225 |
| Operating income | 3,971 | 3,637 | 3,498 |
| Interest and other expense, net | 1,579 | 1,863 | 1,618 |
| Earnings from continuing operations before income taxes | 2,392 | 1,774 | 1,880 |
| Provision for income taxes | 60 | 168 | 116 |
| Earnings from continuing operations | 2,332 | 1,606 | 1,764 |
| Earnings from discontinued operations, net of income taxes | 1,603 | 1,488 | 1,810 |
| Net earnings | 3,935 | 3,094 | 3,574 |
| Noncontrolling interest | 20 | 27 | 20 |
| Net earnings attributable to Mondelez International | 3,915 | 3,067 | 3,554 |
| Per share data: | |||
| Basic earnings per share attributable to Mondelez International: | |||
| Continuing operations | 1.30 | 0.90 | 0.99 |
| Discontinued operations | 0.91 | 0.83 | 1.02 |
| Net earnings attributable to Mondelez International | 2.21 | 1.73 | 2.01 |
| Diluted earnings per share attributable to Mondelez International: | |||
| Continuing operations | 1.29 | 0.88 | 0.99 |
| Discontinued operations | 0.90 | 0.83 | 1.02 |
| Net earnings attributable to Mondelez International | 2.19 | 1.71 | 2.01 |
| Dividends declared | 0.54 | 1.00 | 1.16 |
10-K.Info (Beta Test) Courtesy of Short Sands, LLC | |||
MONDELEZ INTERNATIONAL, INC. | |||
Ticker: MDLZ Fiscal Year: 2013 | |||
Consolidated Statements of Comprehensive Earnings | |||
Period Ending Dec 31, 2013 10-K (Filed: Mar 3, 2014) | |||
| (In Millions, except shares in actual) | |||
| 12 Months Ended | 12 Months Ended | 12 Months Ended | |
| Dec 31, 2013 | Dec 31, 2012 | Dec 31, 2011 | |
| Net earnings | $ 3,935 | 3,094 | 3,574 |
| Other comprehensive earnings / (losses): | |||
| Currency translation adjustment: | |||
| Translation adjustment | (1,080) | 759 | (1,245) |
| Tax (expense) / benefit | 36 | 39 | (45) |
| Pension and other benefits: | |||
| Net actuarial gain / (loss) arising during period | 713 | (2,266) | (2,333) |
| Reclassification of (gains) / losses into net earnings: | |||
| Amortization of experience losses and prior service costs | 193 [1] | 414 | 361 |
| Settlement losses | 4 | 135 | 113 |
| Tax (expense) / benefit | (244) | 486 | 768 |
| Derivatives accounted for as hedges: | |||
| Net derivative (losses) / gains | 169 | (412) | (709) |
| Reclassification of (gains) / losses into net earnings | 72 | 602 | 93 |
| Tax (expense) / benefit | (86) | (87) | 240 |
| Total other comprehensive earnings / (losses) | (223) | (330) | (2,757) |
| Comprehensive earnings / (losses) | 3,712 | 2,764 | 817 |
| less: Comprehensive earnings / (losses) attributable to noncontrolling interests | 20 | 33 | 10 |
| Comprehensive earnings / (losses) attributable to Mondelez International | 3,692 | 2,731 | 807 |
| [1] These items are included in the components of net periodic benefit costs disclosed in Note 10, Benefit Plans | |||
10-K.Info (Beta Test) Courtesy of Short Sands, LLC | |||
MONDELEZ INTERNATIONAL, INC. | |||
Ticker: MDLZ Fiscal Year: 2013 | |||
Consolidated Statements of Cash Flows | |||
Period Ending Dec 31, 2013 10-K (Filed: Mar 3, 2014) | |||
| (In Millions, except shares in actual) | |||
| 12 Months Ended | 12 Months Ended | 12 Months Ended | |
| Dec 31, 2013 | Dec 31, 2012 | Dec 31, 2011 | |
| CASH PROVIDED BY / (USED IN) OPERATING ACTIVITIES | |||
| Net earnings | $ 3,935 | 3,094 | 3,574 |
| Adjustments to reconcile net earnings to operating cash flows: | |||
| Depreciation and amortization | 1,077 | 1,345 | 1,485 |
| Stock-based compensation expense | 128 | 162 | 181 |
| Deferred income tax (benefit) / provision | (64) | 369 | (351) |
| Net gain on acquisition and divestitures | (30) | (107) | |
| Asset impairments | 97 | 126 | |
| Benefit from indemnification resolution | (385) | ||
| Loss on extinguishment of debt | 608 | ||
| Other non-cash items, net | (19) | 44 | 82 |
| Change in assets and liabilities, net of acquisitions and divestitures: | |||
| Receivables, net | 492 | (599) | (115) |
| Inventories, net | (116) | (129) | (556) |
| Accounts payable | 793 | 505 | 300 |
| Other current assets | (42) | 217 | (374) |
| Other current liabilities | 62 | (1,160) | 648 |
| Change in pension and postretirement assets and liabilities, net | (126) | 56 | (354) |
| Net cash provided by operating activities | 6,410 | 3,923 | 4,520 |
| CASH PROVIDED BY / (USED IN) INVESTING ACTIVITIES | |||
| Capital expenditures | (1,622) | (1,610) | (1,771) |
| Acquisitions, net of cash received | (119) | ||
| Proceeds from divestitures, net of disbursements | 60 | 200 | |
| Cash received from / (transferred to) Kraft Foods Group related to the Spin-Off | 55 | (410) | |
| Proceeds from sale of property, plant and equipment and other | 143 | 133 | 43 |
| Net cash used in investing activities | (1,483) | (1,687) | (1,728) |
| CASH PROVIDED BY / (USED IN) FINANCING ACTIVITIES | |||
| Issuances of commercial paper, maturities greater than 90 days | 1,329 | 1,579 | 1,125 |
| Repayments of commercial paper, maturities greater than 90 days | (607) | (1,581) | (1,228) |
| Net issuance / (repayments) of other short-term borrowings, net | 655 | 95 | (462) |
| Long-term debt proceeds | 3,248 | 6,775 | 36 |
| Long-term debt repaid | (7,559) | (4,495) | (1,114) |
| Repurchase of Common Stock | (2,900) | ||
| Dividends paid | (943) | (2,058) | (2,043) |
| Other | 132 | (111) | 511 |
| Net cash (used in) / provided by financing activities | (6,645) | 204 | (3,175) |
| Effect of exchange rate changes on cash and cash equivalents | (93) | 61 | (124) |
| Cash and cash equivalents: | |||
| Increase / (decrease) | (1,811) | 2,501 | (507) |
| Balance at beginning of period | 4,475 | 1,974 | |
| Balance at end of period | 2,664 | 4,475 | 1,974 |
| Cash paid: | |||
| Interest | 1,124 | 2,406 | 2,031 |
| Income taxes | 760 | 1,057 | 932 |
10-K.Info (Beta Test) Courtesy of Short Sands, LLC | ||
MONDELEZ INTERNATIONAL, INC. | ||
Ticker: MDLZ Fiscal Year: 2013 | ||
Consolidated Balance Sheets | ||
Period Ending Dec 31, 2013 10-K (Filed: Mar 3, 2014) | ||
| (In Millions, except shares in actual) | ||
| As of | As of | |
| Dec 31, 2013 | Dec 31, 2012 | |
| ASSETS | ||
| Cash and cash equivalents | $ 2,664 | 4,475 |
| Receivables (net of allowances of $86 in 2013 and $118 in 2012) | 5,403 | 6,129 |
| Inventories, net | 3,743 | 3,741 |
| Deferred income taxes | 517 | 593 |
| Other current assets | 889 | 735 |
| Total current assets | 13,216 | 15,673 |
| Property, plant and equipment, net | 10,247 | 10,010 |
| Goodwill | 25,597 | 25,740 |
| Intangible assets, net | 21,994 | 22,552 |
| Prepaid pension assets | 54 | 18 |
| Other assets | 1,449 | 1,484 |
| TOTAL ASSETS | 72,557 | 75,477 |
| LIABILITIES | ||
| Short-term borrowings | 1,636 | 274 |
| Current portion of long-term debt | 1,003 | 3,577 |
| Accounts payable | 5,345 | 4,642 |
| Accrued marketing | 2,318 | 2,484 |
| Accrued employment costs | 1,043 | 1,038 |
| Other current liabilities | 3,051 | 2,855 |
| Total current liabilities | 14,396 | 14,870 |
| Long-term debt | 14,482 | 15,574 |
| Deferred income taxes | 6,282 | 6,235 |
| Accrued pension costs | 1,962 | 2,885 |
| Accrued postretirement health care costs | 412 | 451 |
| Other liabilities | 2,491 | 3,046 |
| TOTAL LIABILITIES | 40,025 | 43,061 |
| Commitments and Contingencies (Note 12) | ||
| EQUITY | ||
| Common Stock, no par value (1,996,537,778 shares issued as of December 31, 2013 and 2012) | ||
| Additional paid-in capital | 31,396 | 31,548 |
| Retained earnings | 13,419 | 10,551 |
| Accumulated other comprehensive losses | (2,889) | (2,666) |
| Treasury stock, at cost (291,141,184 shares at December 31, 2013 and 218,541,936 shares at December 31, 2012 | (9,553) | (7,157) |
| Total Mondelez International Shareholders' Equity | 32,373 | 32,276 |
| Noncontrolling interest | 159 | 140 |
| TOTAL EQUITY | 32,532 | 32,416 |
| TOTAL LIABILITIES AND EQUITY | 72,557 | 75,477 |
| External Links | |
| MONDELEZ INTERNATIONAL, INC. (MDLZ) Fiscal Year 2013 | |
| 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 |