Stock Analysis on Net
Stock Analysis on Net

Mondelēz International Inc. (NASDAQ:MDLZ)

Common-Size Income Statement

Mondelēz International Inc., common-size consolidated income statement

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12 months ended: Dec 31, 2023 Dec 31, 2022 Dec 31, 2021 Dec 31, 2020 Dec 31, 2019
Net revenues 100.00 100.00 100.00 100.00 100.00
Cost of sales -61.78 -64.08 -60.81 -60.70 -60.04
Gross profit 38.22% 35.92% 39.19% 39.30% 39.96%
Selling, general and administrative expenses -22.22 -23.44 -21.81 -22.94 -23.72
Asset impairment and exit costs -0.60 -0.83 -0.74 -1.13 -0.88
Net gain on acquisition and divestitures 0.30 0.00 0.03 0.00 0.17
Amortization of intangible assets -0.42 -0.42 -0.47 -0.73 -0.67
Operating income 15.28% 11.22% 16.20% 14.50% 14.86%
Benefit plan non-service income 0.23 0.37 0.57 0.52 0.23
Interest expense, debt -1.53 -1.36 -1.27 -1.59 -1.87
Loss on debt extinguishment and related expenses 0.00 -0.41 -0.48 -0.70 0.00
Loss related to interest rate swaps 0.00 0.00 0.00 -0.39 -0.43
Other income, net 0.67 0.43 0.19 0.39 0.54
Interest and other expense, net -0.86% -1.34% -1.56% -2.29% -1.76%
Gain on marketable securities 1.68 0.00 0.00 0.00 0.00
Earnings before income taxes 16.33% 10.25% 15.21% 12.73% 13.33%
Income tax provision -4.27 -2.75 -4.14 -4.60 -0.01
Gain (loss) on equity method investment transactions 1.29 -0.07 2.58 3.72 -0.01
Equity method investment net earnings 0.44 1.22 1.37 1.58 1.71
Net earnings 13.79% 8.66% 15.02% 13.43% 15.02%
Noncontrolling interest earnings -0.02 -0.03 -0.05 -0.05 -0.06
Net earnings attributable to Mondelēz International 13.77% 8.63% 14.97% 13.37% 14.96%

Based on: 10-K (reporting date: 2023-12-31), 10-K (reporting date: 2022-12-31), 10-K (reporting date: 2021-12-31), 10-K (reporting date: 2020-12-31), 10-K (reporting date: 2019-12-31).

Income statement item Description The company
Operating income The net result for the period of deducting operating expenses from operating revenues. Mondelēz International Inc. operating income as a percentage of net revenues decreased from 2021 to 2022 but then increased from 2022 to 2023 not reaching 2021 level.
Earnings before income taxes Amount of income (loss) from continuing operations, including income (loss) from equity method investments, before deduction of income tax expense (benefit), and income (loss) attributable to noncontrolling interest. Mondelēz International Inc. earnings before income taxes as a percentage of net revenues decreased from 2021 to 2022 but then increased from 2022 to 2023 exceeding 2021 level.
Net earnings attributable to Mondelēz International The portion of profit or loss for the period, net of income taxes, which is attributable to the parent. Mondelēz International Inc. net earnings attributable to Mondelēz International as a percentage of net revenues decreased from 2021 to 2022 but then increased from 2022 to 2023 not reaching 2021 level.