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 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 |
| 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 |