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, 2021 Dec 31, 2020 Dec 31, 2019 Dec 31, 2018 Dec 31, 2017
Net revenues 100.00 100.00 100.00 100.00 100.00
Cost of sales -60.81 -60.70 -60.04 -60.09 -61.13
Gross profit 39.19% 39.30% 39.96% 39.91% 38.87%
Selling, general and administrative expenses -21.81 -22.94 -23.72 -24.96 -22.83
Asset impairment and exit costs -0.74 -1.13 -0.88 -1.50 -2.53
Net gain on acquisition and divestitures 0.03 0.00 0.17 0.00 0.72
Amortization of intangible assets -0.47 -0.73 -0.67 -0.68 -0.69
Operating income 16.20% 14.50% 14.86% 12.77% 13.54%
Benefit plan non-service income 0.57 0.52 0.23 0.19 0.00
Interest expense, debt -1.27 -1.59 -1.87 -1.78 -1.53
Loss on debt extinguishment and related expenses -0.48 -0.70 0.00 -0.54 -0.04
Gain (loss) related to interest rate swaps 0.00 -0.39 -0.43 0.04 0.00
Other income, net 0.19 0.39 0.54 0.28 0.10
Interest and other expense, net -1.56% -2.29% -1.76% -2.00% -1.48%
Earnings before income taxes 15.21% 12.73% 13.33% 10.96% 12.06%
Income tax provision -4.14 -4.60 -0.01 -2.98 -2.66
Gain (loss) on equity method investment transactions 2.58 3.72 -0.01 3.00 0.15
Equity method investment net earnings 1.37 1.58 1.71 2.11 1.78
Net earnings 15.02% 13.43% 15.02% 13.09% 11.34%
Noncontrolling interest earnings -0.05 -0.05 -0.06 -0.05 -0.05
Net earnings attributable to Mondelēz International 14.97% 13.37% 14.96% 13.03% 11.28%

Based on: 10-K (reporting date: 2021-12-31), 10-K (reporting date: 2020-12-31), 10-K (reporting date: 2019-12-31), 10-K (reporting date: 2018-12-31), 10-K (reporting date: 2017-12-31).

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 2019 to 2020 but then increased from 2020 to 2021 exceeding 2019 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 2019 to 2020 but then increased from 2020 to 2021 exceeding 2019 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 2019 to 2020 but then increased from 2020 to 2021 exceeding 2019 level.