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 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 |
| 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 |