Stock Analysis on Net
Stock Analysis on Net

Mondelēz International Inc. (NASDAQ:MDLZ)

Balance Sheet: Assets
Quarterly Data

Beginner level

The balance sheet provides creditors, investors, and analysts with information on company’s resources (assets) and its sources of capital (its equity and liabilities). It normally also provides information about the future earnings capacity of a company’s assets as well as an indication of cash flows that may come from receivables and inventories.

Assets are resources controlled by the company as a result of past events and from which future economic benefits are expected to flow to the entity.

Mondelēz International Inc., consolidated balance sheet: assets (quarterly data)

US$ in millions

Microsoft Excel LibreOffice Calc
Jun 30, 2020 Mar 31, 2020 Dec 31, 2019 Sep 30, 2019 Jun 30, 2019 Mar 31, 2019 Dec 31, 2018 Sep 30, 2018 Jun 30, 2018 Mar 31, 2018 Dec 31, 2017 Sep 30, 2017 Jun 30, 2017 Mar 31, 2017 Dec 31, 2016 Sep 30, 2016 Jun 30, 2016 Mar 31, 2016 Dec 31, 2015 Sep 30, 2015 Jun 30, 2015 Mar 31, 2015
Cash and cash equivalents 1,602  1,925  1,291  1,537  1,248  1,542  1,100  1,373  1,246  1,130  761  844  1,397  1,307  1,741  1,686  1,755  1,338  1,870  2,039  1,958  1,835 
Trade receivables, net of allowances 1,979  2,628  2,212  2,492  2,179  2,781  2,262  2,732  2,416  3,113  2,691  2,981  2,395  3,035  2,611  3,019  2,796  3,101  2,634  3,352  3,294  4,061 
Other receivables, net of allowances 631  670  715  683  712  755  744  845  818  841  835  932  913  829  859  895  1,123  1,224  1,212  2,566  955  852 
Inventories, net 2,710  2,441  2,546  2,742  2,731  2,620  2,592  2,842  2,683  2,620  2,557  2,781  2,710  2,603  2,469  2,776  2,713  2,756  2,609  3,029  3,000  3,421 
Deferred income taxes —  —  —  —  —  —  —  —  —  —  —  —  —  —  —  —  —  —  —  550  569  557 
Other current assets 1,073  1,404  866  1,176  966  841  906  930  1,039  666  676  617  778  641  800  479  592  590  633  638  653  1,138 
Current assets held for sale —  —  —  —  —  —  —  —  —  —  —  —  —  —  —  —  —  —  —  —  1,459  — 
Current assets 7,995  9,068  7,630  8,630  7,836  8,539  7,604  8,722  8,202  8,370  7,520  8,155  8,193  8,415  8,480  8,855  8,979  9,009  8,958  12,174  11,888  11,864 
Property, plant and equipment, net 8,365  8,054  8,733  8,316  8,550  8,520  8,482  8,403  8,384  8,792  8,677  8,538  8,444  8,377  8,229  8,465  8,425  8,534  8,362  8,564  8,728  9,261 
Operating lease right of use assets 645  590  568  596  637  636  —  —  —  —  —  —  —  —  —  —  —  —  —  —  —  — 
Goodwill 20,997  20,216  20,848  20,465  20,701  20,686  20,725  20,900  21,002  21,301  21,085  21,071  20,915  20,515  20,276  20,751  20,741  20,977  20,664  20,963  21,055  22,356 
Intangible assets, net 17,877  17,271  17,957  17,642  17,943  17,958  18,002  18,136  18,362  18,810  18,639  18,638  18,514  18,297  18,101  18,721  18,781  19,094  18,768  19,115  19,677  19,434 
Prepaid pension assets 586  537  516  136  136  138  132  171  169  160  158  148  144  162  159  83  72  73  69  42  50  51 
Deferred income taxes 785  708  726  696  263  270  255  236  259  301  319  332  347  359  358  289  270  281  277  —  —  — 
Equity method investments 6,659  6,887  7,212  7,040  7,095  7,004  7,123  7,006  6,223  6,347  6,345  6,060  5,853  5,594  5,585  5,717  5,618  5,630  5,387  4,895  —  — 
Other assets 285  267  359  374  412  411  406  344  373  422  366  349  347  357  350  384  385  377  358  637  1,281  1,240 
Noncurrent assets held for sale —  —  —  —  —  —  —  —  —  —  —  —  —  —  —  —  —  —  —  —  2,439  — 
Noncurrent assets 56,199  54,530  56,919  55,265  55,737  55,623  55,125  55,196  54,772  56,133  55,589  55,136  54,564  53,661  53,058  54,410  54,292  54,966  53,885  54,216  53,230  52,342 
Total assets 64,194  63,598  64,549  63,895  63,573  64,162  62,729  63,918  62,974  64,503  63,109  63,291  62,757  62,076  61,538  63,265  63,271  63,975  62,843  66,390  65,118  64,206 

Based on: 10-Q (filing date: 2020-07-29), 10-Q (filing date: 2020-04-29), 10-K (filing date: 2020-02-07), 10-Q (filing date: 2019-10-30), 10-Q (filing date: 2019-07-31), 10-Q (filing date: 2019-05-01), 10-K (filing date: 2019-02-08), 10-Q (filing date: 2018-10-30), 10-Q (filing date: 2018-07-26), 10-Q (filing date: 2018-05-02), 10-K (filing date: 2018-02-09), 10-Q (filing date: 2017-10-31), 10-Q (filing date: 2017-08-02), 10-Q (filing date: 2017-05-03), 10-K (filing date: 2017-02-24), 10-Q (filing date: 2016-10-26), 10-Q (filing date: 2016-07-27), 10-Q (filing date: 2016-04-28), 10-K (filing date: 2016-02-19), 10-Q (filing date: 2015-10-29), 10-Q (filing date: 2015-07-31), 10-Q (filing date: 2015-04-30).


Assets: Selected Items

Balance sheet item Description The company
Current assets Sum of the carrying amounts as of the balance sheet date of all assets that are expected to be realized in cash, sold, or consumed within one year (or the normal operating cycle, if longer). Assets are probable future economic benefits obtained or controlled by an entity as a result of past transactions or events. Mondelēz International Inc.’s current assets increased from Q4 2019 to Q1 2020 but then slightly decreased from Q1 2020 to Q2 2020 not reaching Q4 2019 level.
Property, plant and equipment, net Amount after accumulated depreciation, depletion and amortization of physical assets used in the normal conduct of business to produce goods and services and not intended for resale. Examples include, but are not limited to, land, buildings, machinery and equipment, office equipment, and furniture and fixtures. Mondelēz International Inc.’s property, plant and equipment, net decreased from Q4 2019 to Q1 2020 but then slightly increased from Q1 2020 to Q2 2020.
Noncurrent assets Sum of the carrying amounts as of the balance sheet date of all assets that are expected to be realized in cash, sold or consumed after one year or beyond the normal operating cycle, if longer. Mondelēz International Inc.’s noncurrent assets decreased from Q4 2019 to Q1 2020 but then increased from Q1 2020 to Q2 2020 not reaching Q4 2019 level.
Total assets Sum of the carrying amounts as of the balance sheet date of all assets that are recognized. Assets are probable future economic benefits obtained or controlled by an entity as a result of past transactions or events. Mondelēz International Inc.’s total assets decreased from Q4 2019 to Q1 2020 but then increased from Q1 2020 to Q2 2020 not reaching Q4 2019 level.

Current Assets: Selected Items

Balance sheet item Description The company
Cash and cash equivalents Amount of currency on hand as well as demand deposits with banks or financial institutions. Includes other kinds of accounts that have the general characteristics of demand deposits. Also includes short-term, highly liquid investments that are both readily convertible to known amounts of cash and so near their maturity that they present insignificant risk of changes in value because of changes in interest rates. Excludes cash and cash equivalents within disposal group and discontinued operation. Mondelēz International Inc.’s cash and cash equivalents increased from Q4 2019 to Q1 2020 but then slightly decreased from Q1 2020 to Q2 2020 not reaching Q4 2019 level.
Trade receivables, net of allowances Amount due from customers or clients, within one year of the balance sheet date (or the normal operating cycle, whichever is longer), for goods or services (including trade receivables) that have been delivered or sold in the normal course of business, reduced to the estimated net realizable fair value by an allowance established by the entity of the amount it deems uncertain of collection. Mondelēz International Inc.’s trade receivables, net of allowances increased from Q4 2019 to Q1 2020 but then decreased significantly from Q1 2020 to Q2 2020.
Inventories, net Amount after valuation and LIFO reserves of inventory expected to be sold, or consumed within one year or operating cycle, if longer. Mondelēz International Inc.’s inventories, net decreased from Q4 2019 to Q1 2020 but then increased from Q1 2020 to Q2 2020 exceeding Q4 2019 level.