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: 2019 | |||
Consolidated Statements of Cash Flows | |||
Period Ending Dec 31, 2019 10-K (Filed: Feb 7, 2020) | |||
| (In Millions, except shares in actual) | |||
| 12 Months Ended | 12 Months Ended | 12 Months Ended | |
| Dec 31, 2019 | Dec 31, 2018 | Dec 31, 2017 | |
| CASH PROVIDED BY/(USED IN) OPERATING ACTIVITIES | |||
| Net earnings | $ 3,885 | 3,395 | 2,842 |
| Adjustments to reconcile net earnings to operating cash flows: | |||
| Depreciation and amortization | 1,047 | 811 | 816 |
| Stock-based compensation expense | 135 | 128 | 137 |
| U.S. tax reform transition tax/(benefit) | 5 | (38) | 1,317 |
| Deferred income tax (benefit)/provision | (631) | 233 | (1,228) |
| Asset impairments and accelerated depreciation | 109 | 141 | 334 |
| Loss on early extinguishment of debt | 0 | 140 | 11 |
| Net gain on divestitures | (44) | 0 | (186) |
| Net loss/(gain) on equity method investment transactions | 2 | (778) | (40) |
| Equity method investment net earnings | (442) | (548) | (344) |
| Distributions from equity method investments | 250 | 180 | 152 |
| Other non-cash items, net | 97 | 381 | (225) |
| Change in assets and liabilities, net of acquisitions and divestitures: | |||
| Receivables, net | 124 | 257 | (24) |
| Inventories, net | 31 | (204) | (18) |
| Accounts payable | 4 | 236 | 5 |
| Other current assets | (77) | (25) | 14 |
| Other current liabilities | (362) | (136) | (637) |
| Change in pension and postretirement assets and liabilities, net | (168) | (225) | (333) |
| Net cash provided by operating activities | 3,965 | 3,948 | 2,593 |
| CASH PROVIDED BY/(USED IN) INVESTING ACTIVITIES | |||
| Capital expenditures | (925) | (1,095) | (1,014) |
| Acquisitions, net of cash received | (284) | (528) | 0 |
| Proceeds from divestitures, net of disbursements | 167 | 1 | 604 |
| Proceeds from sale of property, plant and equipment and other | 82 | 398 | 109 |
| Net cash used in investing activities | (960) | (1,224) | (301) |
| CASH PROVIDED BY/(USED IN) FINANCING ACTIVITIES | |||
| Issuances of commercial paper, maturities greater than 90 days | 1,306 | 3,981 | 1,808 |
| Repayments of commercial paper, maturities greater than 90 days | (2,367) | (2,856) | (1,911) |
| Net issuances/(repayments) of other short-term borrowings | 524 | (1,413) | 1,027 |
| Long-term debt proceeds | 3,136 | 2,948 | 350 |
| Long-term debt repayments | (2,677) | (1,821) | (1,470) |
| Repurchases of Common Stock | (1,480) | (2,020) | (2,174) |
| Dividends paid | (1,542) | (1,359) | (1,198) |
| Other | 313 | 211 | 207 |
| Net cash used in financing activities | (2,787) | (2,329) | (3,361) |
| Effect of exchange rate changes on cash, cash equivalents and restricted cash | 10 | (56) | 89 |
| Cash, cash equivalents and restricted cash: | |||
| Increase/(decrease) | 228 | 339 | (980) |
| Balance at beginning of period | 1,100 | 761 | |
| Balance at end of period | 1,328 | 1,100 | 761 |
| Cash paid: | |||
| Interest | 486 | 491 | 398 |
| Income taxes | 981 | 864 | 848 |
| External Links | |
| MONDELEZ INTERNATIONAL, INC. (MDLZ) Fiscal Year 2019 | |
| 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 |