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: 2017 | |||
Consolidated Statements of Cash Flows | |||
Period Ending Dec 31, 2017 10-K (Filed: Feb 9, 2018) | |||
(In Millions, except shares in actual) | |||
12 Months Ended | 12 Months Ended | 12 Months Ended | |
Dec 31, 2017 | Dec 31, 2016 | Dec 31, 2015 | |
CASH PROVIDED BY/(USED IN) OPERATING ACTIVITIES | |||
Net earnings | $ 2,936 | 1,669 | 7,291 |
Adjustments to reconcile net earnings to operating cash flows: | |||
Depreciation and amortization | 816 | 823 | 894 |
Stock-based compensation expense | 137 | 140 | 136 |
U.S. tax reform transition tax | 1,317 | 0 | 0 |
Deferred income tax benefit | (1,206) | (141) | (30) |
Asset impairments and accelerated depreciation | 334 | 446 | 345 |
Loss on early extinguishment of debt | 11 | 428 | 748 |
Loss on deconsolidation of Venezuela | 0 | 0 | 778 |
Gains on divestitures and JDE coffee business transactions | (186) | (9) | (6,822) |
JDE coffee business transactions currency-related net gains | 0 | 0 | (436) |
Gain on equity method investment transactions | (40) | (43) | 0 |
Equity method investment net earnings | (460) [1] | (301) | (56) |
Distributions from equity method investments | 152 | 75 | 58 |
Other non-cash items, net | (225) | (43) | 199 |
Change in assets and liabilities, net of acquisitions and divestitures: | |||
Receivables, net | (24) | 31 | 44 |
Inventories, net | (18) | 62 | (49) |
Accounts payable | 5 | 409 | 659 |
Other current assets | 14 | (176) | 28 |
Other current liabilities | (637) | 60 | 152 |
Change in pension and postretirement assets and liabilities, net | (333) | (592) | (211) |
Net cash provided by operating activities | 2,593 | 2,838 | 3,728 |
CASH PROVIDED BY/(USED IN) INVESTING ACTIVITIES | |||
Capital expenditures | (1,014) | (1,224) | (1,514) |
Proceeds from JDE coffee business transactions currency hedge settlements | 0 | 0 | 1,050 |
Acquisitions, net of cash received | 0 | (246) | (527) |
Proceeds from divestitures, net of disbursements | 604 | 303 | 4,735 |
Reduction of cash due to Venezuela deconsolidation | 0 | 0 | (611) |
Capital contribution to JDE | 0 | 0 | (544) |
Proceeds from sale of property, plant and equipment and other assets | 109 | 138 | 60 |
Net cash (used in)/provided by investing activities | (301) | (1,029) | 2,649 |
CASH PROVIDED BY/(USED IN) FINANCING ACTIVITIES | |||
Issuances of commercial paper, maturities greater than 90 days | 1,808 | 1,540 | 613 |
Repayments of commercial paper, maturities greater than 90 days | (1,911) | (1,031) | (710) |
Net issuances/(repayments) of other short-term borrowings | 1,027 | 1,741 | (931) |
Long-term debt proceeds | 350 | 5,640 | 4,624 |
Long-term debt repaid | (1,470) | (6,186) | (4,975) |
Repurchase of Common Stock | (2,174) | (2,601) | (3,622) |
Dividends paid | (1,198) | (1,094) | (1,008) |
Other | 207 | 129 | 126 |
Net cash used in financing activities | (3,361) | (1,862) | (5,883) |
Effect of exchange rate changes on cash and cash equivalents | 89 | (76) | (255) |
Cash and cash equivalents: | |||
(Decrease)/increase | (980) | (129) | 239 |
Balance at beginning of period | 1,741 | 1,870 | |
Balance at end of period | 761 | 1,741 | 1,870 |
Cash paid: | |||
Interest | 398 | 630 | 747 |
Income taxes | 848 | 527 | 745 |
[1] Historically, we have recorded income from equity method investments within our operating income as these investments operated as extensions of our base business. Beginning in the third quarter of 2015, to align with the accounting for JDE earnings, we began to record the earnings from our equity method investments in after-tax equity method investment earnings outside of operating income. For the six months ended December 31, 2015, after-tax equity method investment net earnings were less than $1 million o |
External Links | |
MONDELEZ INTERNATIONAL, INC. (MDLZ) Fiscal Year 2017 | |
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 |