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: 2018 | |||
Consolidated Statements of Cash Flows | |||
Period Ending Dec 31, 2018 10-K (Filed: Feb 8, 2019) | |||
| (In Millions, except shares in actual) | |||
| 12 Months Ended | 12 Months Ended | 12 Months Ended | |
| Dec 31, 2018 | Dec 31, 2017 | Dec 31, 2016 | |
| CASH PROVIDED BY/(USED IN) OPERATING ACTIVITIES | |||
| Net earnings | $ 3,395 | 2,842 | 1,645 |
| Adjustments to reconcile net earnings to operating cash flows: | |||
| Depreciation and amortization | 811 | 816 | 823 |
| Stock-based compensation expense | 128 | 137 | 140 |
| U.S. tax reform transition tax (benefit)/tax | (38) | 1,317 | 0 |
| Deferred income tax provision/(benefit) | 233 | (1,228) | (156) |
| Asset impairments and accelerated depreciation | 141 | 334 | 446 |
| Loss on early extinguishment of debt | 140 | 11 | 428 |
| Net gain on divestitures | 0 | (186) | (9) |
| Gain on equity method investment transactions | (778) | (40) | (43) |
| Equity method investment net earnings | (548) | (344) | (262) |
| Distributions from equity method investments | 180 | 152 | 75 |
| Other non-cash items, net | 381 | (225) | (43) |
| Change in assets and liabilities, net of acquisitions and divestitures: | |||
| Receivables, net | 257 | (24) | 31 |
| Inventories, net | (204) | (18) | 62 |
| Accounts payable | 236 | 5 | 409 |
| Other current assets | (25) | 14 | (176) |
| Other current liabilities | (136) | (637) | 60 |
| Change in pension and postretirement assets and liabilities, net | (225) | (333) | (592) |
| Net cash provided by operating activities | 3,948 | 2,593 | 2,838 |
| CASH PROVIDED BY/(USED IN) INVESTING ACTIVITIES | |||
| Capital expenditures | (1,095) | (1,014) | (1,224) |
| Acquisitions, net of cash received | (528) | 0 | (246) |
| Proceeds from divestitures, net of disbursements | 1 | 604 | 303 |
| Proceeds from sale of property, plant and equipment and other assets | 398 | 109 | 138 |
| Net cash used in investing activities | (1,224) | (301) | (1,029) |
| CASH PROVIDED BY/(USED IN) FINANCING ACTIVITIES | |||
| Issuances of commercial paper, maturities greater than 90 days | 3,981 | 1,808 | 1,540 |
| Repayments of commercial paper, maturities greater than 90 days | (2,856) | (1,911) | (1,031) |
| Net issuances of other short-term borrowings | (1,413) | 1,027 | 1,741 |
| Long-term debt proceeds | 2,948 | 350 | 5,640 |
| Long-term debt repaid | (1,821) | (1,470) | (6,186) |
| Repurchase of Common Stock | (2,020) | (2,174) | (2,601) |
| Dividends paid | (1,359) | (1,198) | (1,094) |
| Other | 211 | 207 | 129 |
| Net cash used in financing activities | (2,329) | (3,361) | (1,862) |
| Effect of exchange rate changes on cash and cash equivalents | (56) | 89 | (76) |
| Cash and cash equivalents: | |||
| Increase/(decrease) | 339 | (980) | (129) |
| Balance at beginning of period | 761 | 1,741 | |
| Balance at end of period | 1,100 | 761 | 1,741 |
| Cash paid: | |||
| Interest | 491 | 398 | 630 |
| Income taxes | 864 | 848 | 527 |
| External Links | |
| MONDELEZ INTERNATIONAL, INC. (MDLZ) Fiscal Year 2018 | |
| 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 |