Stock Analysis on Net

Mondelēz International Inc. (NASDAQ:MDLZ)

Balance Sheet: Assets 
Quarterly Data

The balance sheet provides creditors, investors, and analysts with information on company resources (assets) and its sources of capital (its equity and liabilities). It normally also provides information about the future earnings capacity of a company 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
Mar 31, 2025 Dec 31, 2024 Sep 30, 2024 Jun 30, 2024 Mar 31, 2024 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
Cash and cash equivalents 1,561 1,351 1,517 1,399 1,376 1,810 1,610 1,482 1,917 1,923 2,177 1,924 1,946 3,546 3,401 1,938 2,028 3,619 2,759 1,602 1,925
Trade receivables, net of allowance 4,318 3,874 3,800 3,165 3,998 3,634 3,498 2,934 3,502 3,088 2,819 2,467 2,943 2,337 2,673 2,226 2,655 2,297 2,491 1,979 2,628
Other receivables, net of allowance 941 937 891 846 816 878 793 851 810 819 684 715 749 851 656 687 660 657 565 631 670
Inventories, net 4,255 3,827 4,270 4,009 3,562 3,615 3,808 3,825 3,627 3,381 3,393 3,038 2,838 2,708 2,922 2,925 2,635 2,647 2,840 2,710 2,441
Other current assets 1,655 3,253 2,723 5,751 9,674 1,766 1,806 2,530 2,815 880 837 1,066 1,143 900 803 878 865 759 791 1,073 1,404
Current assets 12,730 13,242 13,201 15,170 19,426 11,703 11,515 11,622 12,671 10,091 9,910 9,210 9,619 10,342 10,455 8,654 8,843 9,979 9,446 7,995 9,068
Property, plant and equipment, net 9,767 9,481 9,696 9,488 9,574 9,694 9,142 9,308 9,131 9,020 8,632 8,753 9,015 8,658 8,668 8,857 8,766 9,026 8,533 8,365 8,054
Operating lease right-of-use assets 761 767 774 627 640 683 608 636 657 660 668 626 653 613 636 653 609 638 661 645 590
Goodwill 23,439 23,017 23,773 23,386 23,539 23,896 23,307 23,670 23,604 23,450 22,387 22,103 22,618 21,978 22,029 22,270 21,945 21,895 21,335 20,997 20,216
Intangible assets, net 19,130 18,848 19,459 19,397 19,614 19,836 19,475 19,839 19,810 19,710 19,313 18,339 18,829 18,291 18,413 18,691 18,527 18,482 18,056 17,877 17,271
Prepaid pension assets 993 987 1,146 1,060 1,068 1,043 1,106 1,108 1,065 1,016 1,078 1,141 1,046 1,009 838 802 742 672 654 586 537
Deferred income taxes 400 333 372 279 240 408 483 432 451 473 482 551 561 541 633 723 725 790 799 785 708
Equity method investments 610 635 2,576 2,451 2,440 3,242 3,051 3,245 3,397 4,879 4,498 4,655 5,255 5,289 5,269 5,586 5,916 6,036 6,488 6,659 6,887
Other assets 1,097 1,187 1,194 1,238 1,083 886 2,173 2,165 2,000 1,862 1,068 636 398 371 376 241 276 292 277 285 267
Noncurrent assets 56,197 55,255 58,990 57,926 58,198 59,688 59,345 60,403 60,115 61,070 58,126 56,804 58,375 56,750 56,862 57,823 57,506 57,831 56,803 56,199 54,530
Total assets 68,927 68,497 72,191 73,096 77,624 71,391 70,860 72,025 72,786 71,161 68,036 66,014 67,994 67,092 67,317 66,477 66,349 67,810 66,249 64,194 63,598

Based on: 10-Q (reporting date: 2025-03-31), 10-K (reporting date: 2024-12-31), 10-Q (reporting date: 2024-09-30), 10-Q (reporting date: 2024-06-30), 10-Q (reporting date: 2024-03-31), 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).


Cash and Cash Equivalents
Cash and cash equivalents fluctuated over the reported periods, initially declining from 1925 million USD in March 2020 to a low of 1482 million USD in June 2023, before recovering to 1561 million USD by March 2025. Notably, there were peaks in December 2020 and December 2021, followed by declines.
Trade Receivables, Net of Allowance
Trade receivables generally showed an upward trajectory, increasing from 2628 million USD in March 2020 to 4318 million USD in March 2025. This suggests growing sales on credit or changes in collection policies. Some volatility is present, but the overall trend is positive with intermittent quarterly decreases.
Other Receivables, Net of Allowance
Other receivables remained relatively stable without extreme fluctuations, rising modestly from 670 million USD in March 2020 to 941 million USD by March 2025, indicating consistent non-trade related receivables.
Inventories, Net
Inventory levels demonstrated a general upward trend, increasing from 2441 million USD in March 2020 to 4255 million USD by March 2025. This indicates either an accumulation of stock in anticipation of sales or potential supply chain adjustments. Peaks were observed in the last quarters of some years, notably in September 2024.
Other Current Assets
Other current assets exhibited significant volatility, with a sharp increase from 880 million USD in December 2022 to an exceptionally high 9674 million USD in March 2024. Thereafter, the value dropped sharply but remained elevated relative to earlier periods. The spike suggests a one-time event or reclassification impacting current assets.
Current Assets
The total current assets reflected fluctuations aligned largely with changes in other current assets and cash equivalents. Increasing from 9068 million USD in March 2020 to a peak of 19426 million USD in March 2024, followed by a decline to 12730 million USD by March 2025. The period includes both growth and contraction phases.
Property, Plant and Equipment, Net
Property, plant and equipment values remained relatively stable with minor fluctuations, starting at 8054 million USD in March 2020 and reaching 9767 million USD by March 2025. This suggests ongoing investment balanced by depreciation.
Operating Lease Right-of-Use Assets
These assets showed modest variability, remaining within a range of approximately 590 million USD to 774 million USD. A slight increasing trend is noticeable towards the later periods.
Goodwill
Goodwill values showed gradual growth from 20216 million USD in March 2020 to a peak near 23896 million USD in December 2023, followed by a minor decline to 23439 million USD by March 2025. This suggests acquisitions or other intangible asset adjustments.
Intangible Assets, Net
Intangible assets followed a pattern similar to goodwill, rising from 17271 million USD in March 2020 to a peak around 19839 million USD in June 2023 and then declining to 19130 million USD by March 2025.
Prepaid Pension Assets
Prepaid pension assets increased steadily from 537 million USD in March 2020 to a maximum around 1146 million USD in September 2024, indicating improved funded status or pension contributions.
Deferred Income Taxes
Deferred income taxes showed a declining trend across the periods, falling from 708 million USD in March 2020 to a low near 240 million USD in March 2024, with minor fluctuations thereafter.
Equity Method Investments
These investments decreased significantly from 6887 million USD in March 2020 to a low of 610 million USD in March 2025, reflecting divestitures, impairments, or changes in associated company valuations.
Other Assets
Other assets increased over time from 267 million USD in March 2020 to a high of 2173 million USD in December 2023, before declining to around 1097 million USD by March 2025. The rise suggests accumulation or reclassification of long-term miscellaneous assets.
Noncurrent Assets
Noncurrent assets remained relatively steady with slight variations, peaking around 61070 million USD in December 2022 before declining to approximately 56197 million USD by March 2025. This indicates moderate changes in long-term asset holdings.
Total Assets
Total assets followed a mild fluctuating trend, increasing from 63598 million USD in March 2020 to a peak near 77624 million USD in March 2024, then decreasing to 68927 million USD by March 2025. The fluctuations mirror movements in both current and noncurrent assets.

Assets: Selected Items


Current Assets: Selected Items