Stock Analysis on Net

Mondelēz International Inc. (NASDAQ:MDLZ)

Income Statement 

The income statement presents information on the financial results of a company 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, 2021 Dec 31, 2020 Dec 31, 2019 Dec 31, 2018 Dec 31, 2017
Net revenues 28,720  26,581  25,868  25,938  25,896 
Cost of sales (17,466) (16,135) (15,531) (15,586) (15,831)
Gross profit 11,254  10,446  10,337  10,352  10,065 
Selling, general and administrative expenses (6,263) (6,098) (6,136) (6,475) (5,911)
Asset impairment and exit costs (212) (301) (228) (389) (656)
Net gain on acquisition and divestitures —  44  —  186 
Amortization of intangible assets (134) (194) (174) (176) (178)
Operating income 4,653  3,853  3,843  3,312  3,506 
Benefit plan non-service income 163  138  60  50  — 
Interest expense, debt (365) (423) (484) (462) (396)
Loss on debt extinguishment and related expenses (137) (185) —  (140) (11)
Gain (loss) related to interest rate swaps —  (103) (111) 10  — 
Other income, net 55  103  139  72  25 
Interest and other expense, net (447) (608) (456) (520) (382)
Earnings before income taxes 4,369  3,383  3,447  2,842  3,124 
Income tax provision (1,190) (1,224) (2) (773) (688)
Gain (loss) on equity method investment transactions 742  989  (2) 778  40 
Equity method investment net earnings 393  421  442  548  460 
Net earnings 4,314  3,569  3,885  3,395  2,936 
Noncontrolling interest earnings (14) (14) (15) (14) (14)
Net earnings attributable to Mondelēz International 4,300  3,555  3,870  3,381  2,922 

Based on: 10-K (reporting date: 2021-12-31), 10-K (reporting date: 2020-12-31), 10-K (reporting date: 2019-12-31), 10-K (reporting date: 2018-12-31), 10-K (reporting date: 2017-12-31).

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. net revenues increased from 2019 to 2020 and from 2020 to 2021.
Operating income The net result for the period of deducting operating expenses from operating revenues. Mondelēz International Inc. operating income increased from 2019 to 2020 and from 2020 to 2021.
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. earnings before income taxes decreased from 2019 to 2020 but then increased from 2020 to 2021 exceeding 2019 level.
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. net earnings attributable to Mondelēz International decreased from 2019 to 2020 but then increased from 2020 to 2021 exceeding 2019 level.