Income Statement

The income statement presents information on the financial results of a company's business activities over a period of time. The income statement communicates how much revenue the company generated during a period and what cost it incurred in connection with generating that revenue.

Mondelēz International Inc., Consolidated Income Statement

USD $ in millions

 
12 months ended Dec 31, 2013 Dec 31, 2012 Dec 31, 2011 Dec 31, 2010 Dec 31, 2009
Net revenues 35,299  35,015  54,365  49,207  40,386 
Cost of sales (22,189) (21,939) (35,350) (31,305) (25,786)
Gross profit 13,110  13,076  19,015  17,902  14,600 
Selling, general and administrative expenses (8,679) (9,176) (12,140) (12,001) (9,108)
Asset impairment and exit costs (273) (153) (18) 64 
Gains (losses) on acquisition and divestitures, net 30  107  (6) (6)
Amortization of intangibles (217) (217) (225) (211) (26)
Operating income 3,971  3,637  6,657  5,666  5,524 
Interest expense, debt (1,017) (1,177) (1,645) (1,790) (1,260)
Loss on debt extinguishment and related expenses (612)
Spin-Off-related financing fees (609)
Acquisition-related financing fees (251)
Other income (expense), net 50  (77) (240) 17  23 
Interest and other expense, net (1,579) (1,863) (1,885) (2,024) (1,237)
Earnings from continuing operations before income taxes 2,392  1,774  4,772  3,642  4,287 
Provision for income taxes (60) (207) (1,225) (1,147) (1,259)
Earnings from continuing operations 2,332  1,567  3,547  2,495  3,028 
Earnings from discontinued operations, net of income taxes 1,603  1,488  1,644 
Net earnings 3,935  3,055  3,547  4,139  3,028 
Noncontrolling interest (20) (27) (20) (25) (7)
Net earnings attributable to Mondelēz International 3,915  3,028  3,527  4,114  3,021 
Source: Mondelēz International Inc., Annual Reports
Item Description The company
Net revenues Aggregate revenue recognized during the period (derived from goods sold, services rendered, insurance premiums, or other activities that constitute an entity's earning process). For financial services companies, also includes investment and interest income, and sales and trading gains. Mondelēz International Inc.'s net revenues declined from 2011 to 2012 but then slightly increased from 2012 to 2013.
Operating income The net result for the period of deducting operating expenses from operating revenues. Mondelēz International Inc.'s operating income declined from 2011 to 2012 but then slightly increased from 2012 to 2013.
Earnings from continuing operations before income taxes Sum of operating profit and nonoperating income (expense) before income (loss) from equity method investments, income taxes, extraordinary items, cumulative effects of changes in accounting principles, and noncontrolling interest. Mondelēz International Inc.'s earnings from continuing operations before income taxes declined from 2011 to 2012 but then slightly increased from 2012 to 2013.
Earnings from continuing operations This represents the income or loss from continuing operations attributable to the economic entity which may also be defined as revenue less expenses and taxes from ongoing operations before extraordinary items, cumulative effects of changes in accounting principles, and noncontrolling interest. Mondelēz International Inc.'s earnings from continuing operations declined from 2011 to 2012 but then slightly increased from 2012 to 2013.
Net earnings The consolidated profit or loss for the period, net of income taxes, including the portion attributable to the noncontrolling interest. Mondelēz International Inc.'s net earnings declined from 2011 to 2012 but then increased from 2012 to 2013 exceeding 2011 level.
Net earnings attributable to Mondelēz International The portion of consolidated profit or loss for the period, net of income taxes, which is attributable to the parent. If the entity does not present consolidated financial statements, the amount of profit or loss for the period, net of income taxes. Mondelēz International Inc.'s net earnings attributable to Mondelēz International declined from 2011 to 2012 but then increased from 2012 to 2013 exceeding 2011 level.

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