Stock Analysis on Net
Stock Analysis on Net
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Mondelēz International Inc. (NASDAQ:MDLZ)

Common-Size Income Statement

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Mondelēz International Inc., common-size consolidated income statement

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12 months ended: Dec 31, 2019 Dec 31, 2018 Dec 31, 2017 Dec 31, 2016 Dec 31, 2015
Net revenues 100.00 100.00 100.00 100.00 100.00
Cost of sales -60.04 -60.09 -61.13 -60.93 -61.16
Gross profit 39.96% 39.91% 38.87% 39.07% 38.84%
Selling, general and administrative expenses -23.72 -24.96 -22.83 -25.23 -25.57
Asset impairment and exit costs -0.88 -1.50 -2.53 -3.29 -3.04
Net gains on divestitures 0.17 0.00 0.72 0.03 23.02
Loss on deconsolidation of Venezuela 0.00 0.00 0.00 0.00 -2.63
Amortization of intangibles -0.67 -0.68 -0.69 -0.68 -0.61
Operating income 14.86% 12.77% 13.54% 9.91% 30.02%
Benefit plan non-service income 0.23 0.19 0.00 0.00 0.00
Interest expense, debt -1.87 -1.78 -1.53 -1.99 -2.05
Loss on debt extinguishment and related expenses 0.00 -0.54 -0.04 -1.65 -2.54
JDE coffee business transactions currency-related net gains 0.00 0.00 0.00 0.00 1.47
Gain (loss) related to interest rate swaps -0.43 0.04 0.00 -0.37 -0.11
Other income (expense), net 0.54 0.28 0.10 -0.29 -0.18
Interest and other expense, net -1.76% -2.00% -1.48% -4.30% -3.42%
Earnings before income taxes 13.33% 10.96% 12.06% 5.61% 26.60%
Provision for income taxes -0.01 -2.98 -2.66 -0.50 -2.00
Net gain (loss) on equity method investment transactions -0.01 3.00 0.15 0.17 0.00
Equity method investment net earnings 1.71 2.11 1.78 1.16 0.00
Net earnings 15.02% 13.09% 11.34% 6.44% 24.60%
Noncontrolling interest earnings -0.06 -0.05 -0.05 -0.04 -0.08
Net earnings attributable to Mondelēz International 14.96% 13.03% 11.28% 6.40% 24.52%

Based on: 10-K (filing date: 2020-02-07), 10-K (filing date: 2019-02-08), 10-K (filing date: 2018-02-09), 10-K (filing date: 2017-02-24), 10-K (filing date: 2016-02-19).

Income statement item Description The company
Operating income The net result for the period of deducting operating expenses from operating revenues. Mondelēz International Inc.’s operating income as a percentage of net revenues decreased from 2017 to 2018 but then increased from 2018 to 2019 exceeding 2017 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.’s earnings before income taxes as a percentage of net revenues decreased from 2017 to 2018 but then increased from 2018 to 2019 exceeding 2017 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.’s net earnings attributable to Mondelēz International as a percentage of net revenues increased from 2017 to 2018 and from 2018 to 2019.