Stock Analysis on Net
Stock Analysis on Net

Mondelēz International Inc. (NASDAQ:MDLZ)

Income Statement

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

US$ in millions

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12 months ended: Dec 31, 2020 Dec 31, 2019 Dec 31, 2018 Dec 31, 2017 Dec 31, 2016
Net revenues 26,581  25,868  25,938  25,896  25,923 
Cost of sales (16,135) (15,531) (15,586) (15,831) (15,795)
Gross profit 10,446  10,337  10,352  10,065  10,128 
Selling, general and administrative expenses (6,098) (6,136) (6,475) (5,911) (6,540)
Asset impairment and exit costs (301) (228) (389) (656) (852)
Net gain on divestiture —  44  —  186 
Amortization of intangible assets (194) (174) (176) (178) (176)
Operating income 3,853  3,843  3,312  3,506  2,569 
Benefit plan non-service income 138  60  50  —  — 
Interest expense, debt (423) (484) (462) (396) (515)
Loss on debt extinguishment and related expenses (185) —  (140) (11) (427)
Gain (loss) related to interest rate swaps (103) (111) 10  —  (97)
Other income (expense), net 103  139  72  25  (76)
Interest and other expense, net (608) (456) (520) (382) (1,115)
Earnings before income taxes 3,383  3,447  2,842  3,124  1,454 
Income tax provision (1,224) (2) (773) (688) (129)
Net gain (loss) on equity method investment transactions 989  (2) 778  40  43 
Equity method investment net earnings 421  442  548  460  301 
Net earnings 3,569  3,885  3,395  2,936  1,669 
Noncontrolling interest earnings (14) (15) (14) (14) (10)
Net earnings attributable to Mondelēz International 3,555  3,870  3,381  2,922  1,659 

Based on: 10-K (filing date: 2021-02-05), 10-K (filing date: 2020-02-07), 10-K (filing date: 2019-02-08), 10-K (filing date: 2018-02-09), 10-K (filing date: 2017-02-24).

Income statement item Description The company
Net revenues Amount, including tax collected from customer, of revenue from satisfaction of performance obligation by transferring promised good or service to customer. Tax collected from customer is tax assessed by governmental authority that is both imposed on and concurrent with specific revenue-producing transaction, including, but not limited to, sales, use, value-added and excise. Mondelēz International Inc.’s net revenues decreased from 2018 to 2019 but then increased from 2019 to 2020 exceeding 2018 level.
Operating income The net result for the period of deducting operating expenses from operating revenues. Mondelēz International Inc.’s operating income increased from 2018 to 2019 and from 2019 to 2020.
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.’s earnings before income taxes increased from 2018 to 2019 but then slightly decreased from 2019 to 2020.
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.’s net earnings attributable to Mondelēz International increased from 2018 to 2019 but then slightly decreased from 2019 to 2020 not reaching 2018 level.