Income Statement

Difficulty level: Basic

The income statement presents information on the financial results of a company's business activities over a period of time. The income statement communicates how much revenue the company generated during a period and what cost it incurred in connection with generating that revenue.

Mondelēz International Inc., Consolidated Income Statement

USD $ in millions

 
12 months ended Dec 31, 2014 Dec 31, 2013 Dec 31, 2012 Dec 31, 2011 Dec 31, 2010
Net revenues 34,244  35,299  35,015  54,365  49,207 
Cost of sales (21,647) (22,189) (21,939) (35,350) (31,305)
Gross profit 12,597  13,110  13,076  19,015  17,902 
Selling, general and administrative expenses (8,457) (8,679) (9,176) (12,140) (12,001)
Asset impairment and exit costs (692) (273) (153) (18)
Gains (losses) on acquisition and divestitures, net 30  107  (6)
Amortization of intangibles (206) (217) (217) (225) (211)
Operating income 3,242  3,971  3,637  6,657  5,666 
Interest expense, debt (778) (1,017) (1,177) (1,645) (1,790)
Loss on debt extinguishment and related expenses (495) (612)
Unrealized gain on planned coffee business transactions currency hedge 628 
Benefit from indemnification resolution 49 
Spin-Off-related financing fees (609)
Acquisition-related financing fees (251)
Other income (expense), net (43) (77) (240) 17 
Interest and other expense, net (688) (1,579) (1,863) (1,885) (2,024)
Earnings from continuing operations before income taxes 2,554  2,392  1,774  4,772  3,642 
Provision for income taxes (353) (60) (207) (1,225) (1,147)
Earnings from continuing operations 2,201  2,332  1,567  3,547  2,495 
Earnings from discontinued operations, net of income taxes 1,603  1,488  1,644 
Net earnings 2,201  3,935  3,055  3,547  4,139 
Noncontrolling interest (17) (20) (27) (20) (25)
Net earnings attributable to Mondelēz International 2,184  3,915  3,028  3,527  4,114 
Source: Mondelēz International Inc., Annual Reports
Item Description The company
Net revenues Aggregate revenue recognized during the period (derived from goods sold, services rendered, insurance premiums, or other activities that constitute an entity's earning process). For financial services companies, also includes investment and interest income, and sales and trading gains. Mondelēz International Inc.'s net revenues increased from 2012 to 2013 but then declined significantly from 2013 to 2014.
Operating income The net result for the period of deducting operating expenses from operating revenues. Mondelēz International Inc.'s operating income increased from 2012 to 2013 but then declined significantly from 2013 to 2014.
Earnings from continuing operations before income taxes Sum of operating profit and nonoperating income (expense) before income (loss) from equity method investments, income taxes, extraordinary items, cumulative effects of changes in accounting principles, and noncontrolling interest. Mondelēz International Inc.'s earnings from continuing operations before income taxes increased from 2012 to 2013 and from 2013 to 2014.
Earnings from continuing operations This represents the income or loss from continuing operations attributable to the economic entity which may also be defined as revenue less expenses and taxes from ongoing operations before extraordinary items, cumulative effects of changes in accounting principles, and noncontrolling interest. Mondelēz International Inc.'s earnings from continuing operations increased from 2012 to 2013 but then slightly declined from 2013 to 2014.
Net earnings The consolidated profit or loss for the period, net of income taxes, including the portion attributable to the noncontrolling interest. Mondelēz International Inc.'s net earnings increased from 2012 to 2013 but then declined significantly from 2013 to 2014.
Net earnings attributable to Mondelēz International The portion of consolidated profit or loss for the period, net of income taxes, which is attributable to the parent. If the entity does not present consolidated financial statements, the amount of profit or loss for the period, net of income taxes. Mondelēz International Inc.'s net earnings attributable to Mondelēz International increased from 2012 to 2013 but then declined significantly from 2013 to 2014.

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