Mondelēz International Inc. (MDLZ)

Income Statement

Difficulty: Beginner

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

	12 months ended	Dec 31, 2018		Dec 31, 2017		Dec 31, 2016		Dec 31, 2015		Dec 31, 2014
	Net revenues
	Cost of sales
	Gross profit
	Selling, general and administrative expenses
	Asset impairment and exit costs
	Net gain on divestitures
	Loss on deconsolidation of Venezuela
	Amortization of intangibles
	Operating income
	Benefit plan non-service income
	Interest expense, debt
	Loss on debt extinguishment and related expenses
	JDE coffee business transactions currency-related net gains
	Gain (loss) related to interest rate swaps
	Other income (expense), net
	Interest and other expense, net
	Earnings before income taxes
	Provision for income taxes
	Gain on equity method investment transactions
	Equity method investment net earnings
	Net earnings
	Noncontrolling interest earnings
	Net earnings attributable to Mondelēz International

Based on: 10-K (filing date: 2019-02-08), 10-K (filing date: 2018-02-09), 10-K (filing date: 2017-02-24), 10-K (filing date: 2016-02-19), 10-K (filing date: 2015-02-20).

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 declined from 2016 to 2017 but then increased from 2017 to 2018 exceeding 2016 level.
Operating income	The net result for the period of deducting operating expenses from operating revenues.	Mondelēz International Inc.’s operating income increased from 2016 to 2017 but then slightly declined from 2017 to 2018.
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 2016 to 2017 but then slightly declined from 2017 to 2018.
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 2016 to 2017 and from 2017 to 2018.

	Mondelēz International Inc.	Other companies (not purchased previously)
Financial Statements
Common-Size Financial Statements
Ratios
Relative Valuation
Discounted Cash Flow (DCF) Valuation
Economic Value Added (EVA)
Long-term Trends
Analysis
Financial Reporting Quality

	All companies
Financial Statements
Common-Size Financial Statements
Ratios
Relative Valuation
Discounted Cash Flow (DCF) Valuation
Economic Value Added (EVA)
Long-term Trends
Analysis
Financial Reporting Quality