Stock Analysis on Net

Mondelēz International Inc. (NASDAQ:MDLZ)

Common-Size Income Statement
Quarterly Data

Mondelēz International Inc., common-size consolidated income statement (quarterly data)

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3 months ended: Dec 31, 2023 Sep 30, 2023 Jun 30, 2023 Mar 31, 2023 Dec 31, 2022 Sep 30, 2022 Jun 30, 2022 Mar 31, 2022 Dec 31, 2021 Sep 30, 2021 Jun 30, 2021 Mar 31, 2021 Dec 31, 2020 Sep 30, 2020 Jun 30, 2020 Mar 31, 2020 Dec 31, 2019 Sep 30, 2019 Jun 30, 2019 Mar 31, 2019
Net revenues 100.00 100.00 100.00 100.00 100.00 100.00 100.00 100.00 100.00 100.00 100.00 100.00 100.00 100.00 100.00 100.00 100.00 100.00 100.00 100.00
Cost of sales -62.74 -61.30 -60.57 -62.40 -64.63 -66.34 -63.69 -61.58 -63.01 -60.68 -60.39 -59.02 -60.65 -58.11 -60.57 -63.46 -60.09 -60.41 -59.27 -60.34
Gross profit 37.26% 38.70% 39.43% 37.60% 35.37% 33.66% 36.31% 38.42% 36.99% 39.32% 39.61% 40.98% 39.35% 41.89% 39.43% 36.54% 39.91% 39.59% 40.73% 39.66%
Selling, general and administrative expenses -24.25 -22.36 -21.97 -20.24 -24.51 -24.27 -23.04 -21.81 -21.81 -19.99 -23.98 -21.61 -22.25 -22.27 -24.58 -22.92 -25.31 -23.07 -23.54 -22.84
Asset impairment and exit costs -0.96 -0.64 -0.27 -0.51 -0.85 -0.23 -0.08 -2.11 0.97 -0.86 -2.02 -1.24 -0.66 -1.85 -1.95 -0.22 -0.85 -2.11 -0.25 -0.31
Gain on acquisition 1.16 0.00 0.00 0.00 0.00 0.00 0.00 0.00 -0.01 0.00 0.00 0.12 0.00 0.00 0.00 0.00 0.00 0.05 0.68 0.00
Amortization of intangible assets -0.40 -0.42 -0.43 -0.43 -0.41 -0.41 -0.44 -0.41 -0.42 -0.45 -0.48 -0.53 -0.70 -0.75 -0.85 -0.64 -0.64 -0.68 -0.71 -0.67
Operating income 12.81% 15.27% 16.75% 16.42% 9.59% 8.75% 12.74% 14.09% 15.72% 18.02% 13.13% 17.73% 15.74% 17.03% 12.06% 12.76% 13.11% 13.78% 16.91% 15.85%
Benefit plan non-service income 0.24 0.21 0.26 0.21 0.28 0.39 0.41 0.43 0.37 0.52 0.81 0.61 0.49 0.57 0.52 0.49 0.26 0.20 0.20 0.26
Interest and other expense, net -0.56 -0.73 -1.14 -1.04 -0.99 -0.91 -1.35 -2.16 -1.16 -1.14 -0.87 -3.01 -3.34 -1.34 -1.44 -2.83 -1.01 -3.23 -1.67 -1.22
Gain (loss) on marketable securities 0.00 -0.01 -2.22 8.68 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00
Earnings before income taxes 12.49% 14.74% 13.65% 24.27% 8.88% 8.22% 11.81% 12.35% 14.93% 17.39% 13.07% 15.32% 12.89% 16.26% 11.15% 10.42% 12.35% 10.76% 15.44% 14.88%
Income tax (provision) benefit -2.76 -3.92 -3.15 -7.18 -3.11 -2.37 -2.76 -2.70 -3.11 -4.76 -5.99 -2.93 -4.71 -5.87 -5.77 -2.21 -3.33 9.96 -3.56 -2.89
Gain (loss) on equity method investment transactions 0.00 0.01 -0.27 5.31 -0.03 -0.08 -0.11 -0.06 -0.04 3.48 7.56 -0.10 6.19 5.18 2.05 1.06 0.00 0.00 -0.41 0.35
Equity method investment net earnings 0.47 0.11 0.83 0.38 0.98 1.09 1.35 1.51 1.34 1.46 1.61 1.08 1.51 1.26 1.79 1.80 1.52 1.75 1.86 1.73
Net earnings 10.20% 10.94% 11.06% 22.79% 6.72% 6.87% 10.28% 11.09% 13.12% 17.57% 16.25% 13.37% 15.88% 16.83% 9.22% 11.08% 10.55% 22.47% 13.33% 14.07%
Noncontrolling interest earnings 0.00 -0.04 0.04 -0.09 -0.01 -0.01 -0.01 -0.08 -0.03 -0.06 -0.02 -0.10 -0.04 -0.05 -0.02 -0.10 -0.04 -0.08 -0.02 -0.09
Net earnings attributable to Mondelēz International 10.20% 10.90% 11.10% 22.70% 6.71% 6.85% 10.27% 11.01% 13.10% 17.52% 16.23% 13.28% 15.84% 16.79% 9.20% 10.97% 10.50% 22.39% 13.31% 13.98%

Based on: 10-K (reporting date: 2023-12-31), 10-Q (reporting date: 2023-09-30), 10-Q (reporting date: 2023-06-30), 10-Q (reporting date: 2023-03-31), 10-K (reporting date: 2022-12-31), 10-Q (reporting date: 2022-09-30), 10-Q (reporting date: 2022-06-30), 10-Q (reporting date: 2022-03-31), 10-K (reporting date: 2021-12-31), 10-Q (reporting date: 2021-09-30), 10-Q (reporting date: 2021-06-30), 10-Q (reporting date: 2021-03-31), 10-K (reporting date: 2020-12-31), 10-Q (reporting date: 2020-09-30), 10-Q (reporting date: 2020-06-30), 10-Q (reporting date: 2020-03-31), 10-K (reporting date: 2019-12-31), 10-Q (reporting date: 2019-09-30), 10-Q (reporting date: 2019-06-30), 10-Q (reporting date: 2019-03-31).

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 Q2 2023 to Q3 2023 and from Q3 2023 to Q4 2023.
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 increased from Q2 2023 to Q3 2023 but then decreased significantly from Q3 2023 to Q4 2023.
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 Q2 2023 to Q3 2023 and from Q3 2023 to Q4 2023.