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: 2020 | |||
Consolidated Statements of Earnings | |||
Period Ending Dec 31, 2020 10-K (Filed: Feb 5, 2021) | |||
| (In Millions, except shares in actual) | |||
| 12 Months Ended | 12 Months Ended | 12 Months Ended | |
| Dec 31, 2020 | Dec 31, 2019 | Dec 31, 2018 | |
| Net revenues | $ 26,581 | 25,868 | 25,938 |
| Cost of sales | 16,135 | 15,531 | 15,586 |
| Gross profit | 10,446 | 10,337 | 10,352 |
| Selling, general and administrative expenses | 6,098 | 6,136 | 6,475 |
| Asset impairment and exit costs | 301 | 228 | 389 |
| Net gain on divestiture | 0 | (44) | 0 |
| Amortization of intangible assets | 194 | 174 | 176 |
| Operating income | 3,853 | 3,843 | 3,312 |
| Benefit plan non-service income | (138) | (60) | (50) |
| Interest and other expense, net | 608 | 456 | 520 |
| Earnings before income taxes | 3,383 | 3,447 | 2,842 |
| Income tax provision | (1,224) | (2) | (773) |
| Gain/(loss) on equity method investment transactions | 989 | (2) | 778 |
| Equity method investment net earnings | 421 | 501 | 484 |
| Net earnings | 3,569 | 3,944 | 3,331 |
| Noncontrolling interest earnings | (14) | (15) | (14) |
| Net earnings attributable to Mondelez International | 3,555 | 3,929 | 3,317 |
| Per share data: | |||
| Basic earnings per share attributable to Mondelez International (in dollars per share) | 2.48 | 2.72 | 2.25 |
| Diluted earnings per share attributable to Mondelez International (in dollars per share) | 2.47 | 2.69 | 2.23 |
10-K.Info (Beta Test) Courtesy of Short Sands, LLC | |||
MONDELEZ INTERNATIONAL, INC. | |||
Ticker: MDLZ Fiscal Year: 2020 | |||
Consolidated Statements of Comprehensive Earnings | |||
Period Ending Dec 31, 2020 10-K (Filed: Feb 5, 2021) | |||
| (In Millions, except shares in actual) | |||
| 12 Months Ended | 12 Months Ended | 12 Months Ended | |
| Dec 31, 2020 | Dec 31, 2019 | Dec 31, 2018 | |
| Net earnings | $ 3,569 | 3,944 | 3,331 |
| Other comprehensive earnings/(losses), net of tax: | |||
| Currency translation adjustment | (322) | 300 | (910) |
| Pension and other benefit plans | (153) | 133 | 331 |
| Derivative cash flow hedges | 52 | (45) | (54) |
| Total other comprehensive earnings/(losses) | (423) | 388 | (633) |
| Comprehensive earnings | 3,146 | 4,332 | 2,698 |
| less: Comprehensive earnings/(losses) attributable to noncontrolling interests | 27 | 13 | 12 |
| Comprehensive earnings attributable to Mondelez International | 3,119 | 4,319 | 2,686 |
10-K.Info (Beta Test) Courtesy of Short Sands, LLC | |||
MONDELEZ INTERNATIONAL, INC. | |||
Ticker: MDLZ Fiscal Year: 2020 | |||
Consolidated Statements of Cash Flows | |||
Period Ending Dec 31, 2020 10-K (Filed: Feb 5, 2021) | |||
| (In Millions, except shares in actual) | |||
| 12 Months Ended | 12 Months Ended | 12 Months Ended | |
| Dec 31, 2020 | Dec 31, 2019 | Dec 31, 2018 | |
| CASH PROVIDED BY/(USED IN) OPERATING ACTIVITIES | |||
| Net earnings | $ 3,569 | 3,944 | 3,331 |
| Adjustments to reconcile net earnings to operating cash flows: | |||
| Depreciation and amortization | 1,116 | 1,047 | 811 |
| Stock-based compensation expense | 126 | 135 | 128 |
| U.S. tax reform transition tax/(benefit) | 0 | 5 | (38) |
| Deferred income tax (benefit)/provision | (70) | (631) | 233 |
| Asset impairments and accelerated depreciation | 136 | 109 | 141 |
| Loss on early extinguishment of debt | 185 | 0 | 140 |
| Net gain on divestitures | 0 | (44) | 0 |
| Net loss/(gain) on equity method investment transactions | (989) | 2 | (778) |
| Equity method investment net earnings | (421) | (501) | (484) |
| Distributions from equity method investments | 246 | 250 | 180 |
| Other non-cash items, net | 243 | 97 | 381 |
| Change in assets and liabilities, net of acquisitions and divestitures: | |||
| Receivables, net | 59 | 124 | 257 |
| Inventories, net | (24) | 31 | (204) |
| Accounts payable | 436 | 4 | 236 |
| Other current assets | (207) | (77) | (25) |
| Other current liabilities | (208) | (362) | (136) |
| Change in pension and postretirement assets and liabilities, net | (233) | (168) | (225) |
| Net cash provided by operating activities | 3,964 | 3,965 | 3,948 |
| CASH PROVIDED BY/(USED IN) INVESTING ACTIVITIES | |||
| Capital expenditures | (863) | (925) | (1,095) |
| Acquisitions, net of cash received | (1,136) | (284) | (528) |
| Proceeds from divestitures including equity method investments | 2,489 | 167 | 1 |
| Proceeds from sale of property, plant and equipment and other | 10 | 82 | 398 |
| Net cash provided by/(used in) investing activities | 500 | (960) | (1,224) |
| CASH PROVIDED BY/(USED IN) FINANCING ACTIVITIES | |||
| Issuances of commercial paper, maturities greater than 90 days | 677 | 1,306 | 3,981 |
| Repayments of commercial paper, maturities greater than 90 days | (1,174) | (2,367) | (2,856) |
| Net issuances/(repayments) of other short-term borrowings | (2,116) | 524 | (1,413) |
| Long-term debt proceeds | 7,213 | 3,136 | 2,948 |
| Long-term debt repayments | (3,878) | (2,677) | (1,821) |
| Repurchases of Common Stock | (1,390) | (1,480) | (2,020) |
| Dividends paid | (1,678) | (1,542) | (1,359) |
| Other | 131 | 313 | 211 |
| Net cash used in financing activities | (2,215) | (2,787) | (2,329) |
| Effect of exchange rate changes on cash, cash equivalents and restricted cash | 73 | 10 | (56) |
| Cash, cash equivalents and restricted cash: | |||
| Increase/(decrease) | 2,322 | 228 | 339 |
| Balance at beginning of period | 1,328 | 1,100 | |
| Balance at end of period | 3,650 | 1,328 | 1,100 |
| Cash paid: | |||
| Interest | 413 | 486 | 491 |
| Income taxes | 1,264 | 981 | 864 |
10-K.Info (Beta Test) Courtesy of Short Sands, LLC | ||
MONDELEZ INTERNATIONAL, INC. | ||
Ticker: MDLZ Fiscal Year: 2020 | ||
Consolidated Balance Sheets, as of December 31 | ||
Period Ending Dec 31, 2020 10-K (Filed: Feb 5, 2021) | ||
| (In Millions, except shares in actual) | ||
| As of | As of | |
| Dec 31, 2020 | Dec 31, 2019 | |
| ASSETS | ||
| Cash and cash equivalents | $ 3,619 | 1,291 |
| Trade receivables (net of allowances of $42 at December 31, 2020 and $35 at December 31, 2019) | 2,297 | 2,212 |
| Other receivables (net of allowances of $42 at December 31, 2020 and $44 at December 31, 2019) | 657 | 715 |
| Inventories, net | 2,647 | 2,546 |
| Other current assets | 759 | 866 |
| Total current assets | 9,979 | 7,630 |
| Property, plant and equipment, net | 9,026 | 8,733 |
| Operating lease right of use assets | 638 | 568 |
| Goodwill | 21,895 | 20,848 |
| Intangible assets, net | 18,482 | 17,957 |
| Prepaid pension assets | 672 | 516 |
| Deferred income taxes | 790 | 726 |
| Equity method investments | 6,036 | 7,178 |
| Other assets | 292 | 359 |
| TOTAL ASSETS | 67,810 | 64,515 |
| LIABILITIES | ||
| Short-term borrowings | 29 | 2,638 |
| Current portion of long-term debt | 2,741 | 1,581 |
| Accounts payable | 6,209 | 5,853 |
| Accrued marketing | 2,130 | 1,836 |
| Accrued employment costs | 834 | 769 |
| Other current liabilities | 3,216 | 2,645 |
| Total current liabilities | 15,159 | 15,322 |
| Long-term debt | 17,276 | 14,207 |
| Long-term operating lease liabilities | 470 | 403 |
| Deferred income taxes | 3,346 | 3,338 |
| Accrued pension costs | 1,257 | 1,190 |
| Accrued postretirement health care costs | 346 | 387 |
| Other liabilities | 2,302 | 2,351 |
| TOTAL LIABILITIES | 40,156 | 37,198 |
| 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, 2020 and December 31, 2019) | 0 | 0 |
| Additional paid-in capital | 32,070 | 32,019 |
| Retained earnings | 28,402 | 26,615 |
| Accumulated other comprehensive losses | (10,690) | (10,254) |
| Treasury stock, at cost (577,363,557 shares at December 31, 2020 and 561,531,524 shares at December 31, 2019) | (22,204) | (21,139) |
| Total Mondelez International Shareholders Equity | 27,578 | 27,241 |
| Noncontrolling interest | 76 | 76 |
| TOTAL EQUITY | 27,654 | 27,317 |
| TOTAL LIABILITIES AND EQUITY | 67,810 | 64,515 |
| External Links | |
| MONDELEZ INTERNATIONAL, INC. (MDLZ) Fiscal Year 2020 | |
| 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 |