Common-Size Balance Sheet: Liabilities and Stockholders’ Equity
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Mondelēz International Inc., common-size consolidated balance sheet: liabilities and stockholders’ equity
Based on: 10-K (reporting date: 2024-12-31), 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).
- Short-term borrowings
- The proportion of short-term borrowings relative to total liabilities and equity experienced fluctuations, increasing sharply from 0.04% in 2020 to 3.23% in 2022, followed by a decline to 0.1% by 2024, indicating a reduction in reliance on short-term debt after peaking in 2022.
- Current portion of long-term debt
- This liability item decreased significantly from 4.04% in 2020 to 0.54% in 2022, then increased back to 2.94% in the subsequent two years, suggesting variability in debt maturity profiles or repayments affecting the short-term portion of long-term obligations.
- Accounts payable
- A steady upward trend was observed, rising from 9.16% in 2020 to 13.77% by 2024, reflecting a consistent increase in trade payables which may indicate greater purchases or extended payment terms over time.
- Accrued marketing
- Values remained relatively stable, hovering around 3.1% to 3.7%, with a slight upward trend peaking in 2023 at 3.76%, suggesting steady marketing expense accruals relative to total liabilities and equity.
- Accrued employment costs
- After remaining flat at approximately 1.23% from 2020-2021, these costs increased to 1.62% in 2023 before decreasing to 1.35% in 2024, indicating some fluctuation potentially linked to employee compensation or benefits accruals.
- Other current liabilities
- This category showed an increase from 4.74% in 2020 to 6.64% in 2024, with a marked jump between 2022 and 2023, pointing toward growing miscellaneous current obligations.
- Current liabilities
- An overall increasing trend was noted, rising from 22.36% in 2020 to 28.54% in 2024, driven primarily by increases in accounts payable and other current liabilities, implying a growing proportion of short-term obligations relative to total financing.
- Long-term debt, excluding current portion
- This element experienced growth from 25.48% in 2020 to a peak of 28.46% in 2022, followed by a decline to 22.87% in 2024, indicating a reduction in longer-term debt commitments in recent years.
- Long-term operating lease liabilities
- These liabilities showed a gradual increase from 0.69% in 2020 to 0.91% in 2024, reflecting possibly higher commitments related to leasing over the period.
- Deferred income taxes
- This item remained relatively steady, with minor fluctuations between 4.61% and 5.13%, suggesting stable deferred tax balances.
- Accrued pension costs
- A notable decline occurred from 1.85% in 2020 to 0.57% in 2022, maintaining around that level through 2024, indicating a reduction in pension-related liabilities over time.
- Accrued postretirement health care costs
- These costs steadily diminished from 0.51% in 2020 to 0.14% in 2024, which may imply changes in postretirement benefit obligations or funding status.
- Other liabilities
- Generally stable, fluctuating between 2.61% and 3.83%, with a slight decrease noted in the latest year, suggesting minor variability within this category.
- Noncurrent liabilities
- Noncurrent liabilities peaked at 38.66% in 2022 before declining to 32.1% in 2024, reflecting a shift towards lower long-term obligations relative to total liabilities and equity.
- Total liabilities
- Total liabilities as a percentage of total financing fluctuated between 57.78% and 62.17%, with a slight decline in recent years, indicating modest changes in overall indebtedness structure.
- Additional paid-in capital
- Relatively stable over the period, ranging from 45.17% to 47.84%, implying consistency in contributed capital from shareholders.
- Retained earnings
- A clear upward trend was evident, increasing from 41.88% in 2020 to 53.25% by 2024, which signals accumulation of profits retained in the business and strengthening equity base.
- Accumulated other comprehensive losses
- These losses remained at significant negative levels, moving from -15.76% to -18.21%, reflecting consistent unrealized losses or other comprehensive loss components that have increased slightly over time.
- Treasury stock, at cost
- The percentage dedicated to treasury stock increased in magnitude from -32.74% to -42.85%, indicating a growing amount of repurchased shares held by the company, reducing shareholders' equity.
- Total shareholders’ equity
- Shareholders' equity demonstrated variability, dipping to 37.78% in 2022 but rebounding toward 39% in subsequent years, reflecting the combined effects of retained earnings growth and treasury stock repurchases.
- Noncontrolling interest
- This minor component declined slightly from 0.11% to 0.04%, indicating minimal third-party equity stakes are present and decreasing.
- Total equity
- Total equity as a percentage of total financing ranged from 37.78% to 42.22%, with a downward adjustment after 2021 followed by some stabilization, showing changes in net assets attributable to shareholders and equity holders.
- Overall capital structure
- The balance between liabilities and equity remained relatively stable, with total liabilities around 60% and equity near 40% throughout the period, indicating a consistent capital structure despite fluctuations within individual components.