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: 2021 | |||
Consolidated Statements of Earnings | |||
Period Ending Dec 31, 2021 10-K (Filed: Feb 4, 2022) | |||
| (In Millions, except shares in actual) | |||
| 12 Months Ended | 12 Months Ended | 12 Months Ended | |
| Dec 31, 2021 | Dec 31, 2020 | Dec 31, 2019 | |
| Net revenues | $ 28,720 | 26,581 | 25,868 |
| Cost of sales | 17,466 | 16,135 | 15,531 |
| Gross profit | 11,254 | 10,446 | 10,337 |
| Selling, general and administrative expenses | 6,263 | 6,098 | 6,136 |
| Asset impairment and exit costs | 212 | 301 | 228 |
| Net gain on acquisition and divestitures | (8) | 0 | (44) |
| Amortization of intangible assets | 134 | 194 | 174 |
| Operating income | 4,653 | 3,853 | 3,843 |
| Benefit plan non-service income | (163) | (138) | (60) |
| Interest and other expense, net | 447 | 608 | 456 |
| Earnings before income taxes | 4,369 | 3,383 | 3,447 |
| Income tax provision | (1,190) | (1,224) | (2) |
| Gain/(loss) on equity method investment transactions | 742 | 989 | (2) |
| Equity method investment net earnings | 393 | 421 | 501 |
| Net earnings | 4,314 | 3,569 | 3,944 |
| Noncontrolling interest earnings | (14) | (14) | (15) |
| Net earnings attributable to Mondelez International | 4,300 | 3,555 | 3,929 |
| Per share data: | |||
| Basic earnings per share attributable to Mondelez International (in dollars per share) | 3.06 | 2.48 | 2.72 |
| Diluted earnings per share attributable to Mondelez International (in dollars per share) | 3.04 | 2.47 | 2.69 |
10-K.Info (Beta Test) Courtesy of Short Sands, LLC | |||
MONDELEZ INTERNATIONAL, INC. | |||
Ticker: MDLZ Fiscal Year: 2021 | |||
Consolidated Statements of Comprehensive Earnings | |||
Period Ending Dec 31, 2021 10-K (Filed: Feb 4, 2022) | |||
| (In Millions, except shares in actual) | |||
| 12 Months Ended | 12 Months Ended | 12 Months Ended | |
| Dec 31, 2021 | Dec 31, 2020 | Dec 31, 2019 | |
| Net earnings | $ 4,314 | 3,569 | 3,944 |
| Other comprehensive earnings/(losses), net of tax: | |||
| Currency translation adjustment | (458) | (322) | 300 |
| Pension and other benefit plans | 495 | (153) | 133 |
| Derivative cash flow hedges | 13 | 52 | (45) |
| Total other comprehensive earnings/(losses) | 50 | (423) | 388 |
| Comprehensive earnings | 4,364 | 3,146 | 4,332 |
| less: Comprehensive earnings/(losses) attributable to noncontrolling interests | (2) | 27 | 13 |
| Comprehensive earnings attributable to Mondelez International | 4,366 | 3,119 | 4,319 |
10-K.Info (Beta Test) Courtesy of Short Sands, LLC | |||
MONDELEZ INTERNATIONAL, INC. | |||
Ticker: MDLZ Fiscal Year: 2021 | |||
Consolidated Statements of Cash Flows | |||
Period Ending Dec 31, 2021 10-K (Filed: Feb 4, 2022) | |||
| (In Millions, except shares in actual) | |||
| 12 Months Ended | 12 Months Ended | 12 Months Ended | |
| Dec 31, 2021 | Dec 31, 2020 | Dec 31, 2019 | |
| CASH PROVIDED BY/(USED IN) OPERATING ACTIVITIES | |||
| Net earnings | $ 4,314 | 3,569 | 3,944 |
| Adjustments to reconcile net earnings to operating cash flows: | |||
| Depreciation and amortization | 1,113 | 1,116 | 1,047 |
| Stock-based compensation expense | 121 | 126 | 135 |
| U.S. tax reform transition tax/(benefit) | 0 | 0 | 5 |
| Deferred income tax provision/(benefit) | 205 | (70) | (631) |
| Asset impairments and accelerated depreciation | 128 | 136 | 109 |
| Loss on early extinguishment of debt | 110 | 185 | 0 |
| Net gain on acquisition and divestitures | (8) | 0 | (44) |
| Net (gain)/loss on equity method investment transactions | (742) | (989) | 2 |
| Equity method investment net earnings | (393) | (421) | (501) |
| Distributions from equity method investments | 172 | 246 | 250 |
| Other non-cash items, net | (230) | 243 | 97 |
| Change in assets and liabilities, net of acquisitions and divestitures: | |||
| Receivables, net | (197) | 59 | 124 |
| Inventories, net | (170) | (24) | 31 |
| Accounts payable | 702 | 436 | 4 |
| Other current assets | (169) | (207) | (77) |
| Other current liabilities | (502) | (208) | (362) |
| Change in pension and postretirement assets and liabilities, net | (313) | (233) | (168) |
| Net cash provided by operating activities | 4,141 | 3,964 | 3,965 |
| CASH PROVIDED BY/(USED IN) INVESTING ACTIVITIES | |||
| Capital expenditures | (965) | (863) | (925) |
| Acquisitions, net of cash received | (833) | (1,136) | (284) |
| Proceeds from divestitures including equity method investments | 1,539 | 2,489 | 167 |
| Proceeds from sale of property, plant and equipment and other | 233 | 10 | 82 |
| Net cash (used in)/provided by investing activities | (26) | 500 | (960) |
| CASH PROVIDED BY/(USED IN) FINANCING ACTIVITIES | |||
| Issuances of commercial paper, maturities greater than 90 days | 0 | 677 | 1,306 |
| Repayments of commercial paper, maturities greater than 90 days | 0 | (1,174) | (2,367) |
| Net issuances/(repayments) of other short-term borrowings | 194 | (2,116) | 524 |
| Long-term debt proceeds | 5,921 | 7,213 | 3,136 |
| Long-term debt repayments | (6,247) | (3,878) | (2,677) |
| Repurchases of Common Stock | (2,110) | (1,390) | (1,480) |
| Dividends paid | (1,826) | (1,678) | (1,542) |
| Other | (1) | 131 | 313 |
| Net cash used in financing activities | (4,069) | (2,215) | (2,787) |
| Effect of exchange rate changes on cash, cash equivalents and restricted cash | (143) | 73 | 10 |
| Cash, cash equivalents and restricted cash: | |||
| (Decrease)/increase | (97) | 2,322 | 228 |
| Balance at beginning of period | 3,650 | 1,328 | |
| Balance at end of period | 3,553 | 3,650 | 1,328 |
| Cash paid: | |||
| Interest | 426 | 413 | 486 |
| Income taxes | 1,556 | 1,264 | 981 |
10-K.Info (Beta Test) Courtesy of Short Sands, LLC | ||
MONDELEZ INTERNATIONAL, INC. | ||
Ticker: MDLZ Fiscal Year: 2021 | ||
Consolidated Balance Sheets, as of December 31 | ||
Period Ending Dec 31, 2021 10-K (Filed: Feb 4, 2022) | ||
| (In Millions, except shares in actual) | ||
| As of | As of | |
| Dec 31, 2021 | Dec 31, 2020 | |
| ASSETS | ||
| Cash and cash equivalents | $ 3,546 | 3,619 |
| Trade receivables (net of allowances of $37 at December 31, 2021 and $42 at December 31, 2020) | 2,337 | 2,297 |
| Other receivables (net of allowances of $49 at December 31, 2021 and $42 at December 31, 2020) | 851 | 657 |
| Inventories, net | 2,708 | 2,647 |
| Other current assets | 900 | 759 |
| Total current assets | 10,342 | 9,979 |
| Property, plant and equipment, net | 8,658 | 9,026 |
| Operating lease right of use assets | 613 | 638 |
| Goodwill | 21,978 | 21,895 |
| Intangible assets, net | 18,291 | 18,482 |
| Prepaid pension assets | 1,009 | 672 |
| Deferred income taxes | 541 | 790 |
| Equity method investments | 5,289 | 6,036 |
| Other assets | 371 | 292 |
| TOTAL ASSETS | 67,092 | 67,810 |
| LIABILITIES | ||
| Short-term borrowings | 216 | 29 |
| Current portion of long-term debt | 1,746 | 2,741 |
| Accounts payable | 6,730 | 6,209 |
| Accrued marketing | 2,097 | 2,130 |
| Accrued employment costs | 822 | 834 |
| Other current liabilities | 2,397 | 3,216 |
| Total current liabilities | 14,008 | 15,159 |
| Long-term debt | 17,550 | 17,276 |
| Long-term operating lease liabilities | 459 | 470 |
| Deferred income taxes | 3,444 | 3,346 |
| Accrued pension costs | 681 | 1,257 |
| Accrued postretirement health care costs | 301 | 346 |
| Other liabilities | 2,326 | 2,302 |
| TOTAL LIABILITIES | 38,769 | 40,156 |
| 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, 2021 and December 31, 2020) | 0 | 0 |
| Additional paid-in capital | 32,097 | 32,070 |
| Retained earnings | 30,806 | 28,402 |
| Accumulated other comprehensive losses | (10,624) | (10,690) |
| Treasury stock, at cost (604,907,239 shares at December 31, 2021 and 577,363,557 shares at December 31, 2020) | (24,010) | (22,204) |
| Total Mondelez International Shareholders Equity | 28,269 | 27,578 |
| Noncontrolling interest | 54 | 76 |
| TOTAL EQUITY | 28,323 | 27,654 |
| TOTAL LIABILITIES AND EQUITY | 67,092 | 67,810 |
| External Links | |
| MONDELEZ INTERNATIONAL, INC. (MDLZ) Fiscal Year 2021 | |
| 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 |