Stock Analysis on Net
Stock Analysis on Net
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Mondelēz International Inc. (NASDAQ:MDLZ)

Cash Flow Statement

Beginner level

The cash flow statement provides information about a company’s cash receipts and cash payments during an accounting period, showing how these cash flows link the ending cash balance to the beginning balance shown on the company’s balance sheet.

The cash flow statement consists of three parts: cash flows provided by (used in) operating activities, cash flows provided by (used in) investing activities, and cash flows provided by (used in) financing activities.

Mondelēz International Inc., consolidated cash flow statement

US$ in millions

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12 months ended: Dec 31, 2019 Dec 31, 2018 Dec 31, 2017 Dec 31, 2016 Dec 31, 2015
Net earnings 3,885  3,395  2,936  1,669  7,291 
Depreciation and amortization 1,047  811  816  823  894 
Stock-based compensation expense 135  128  137  140  136 
U.S. tax reform transition tax (38) 1,317  —  — 
Deferred income tax provision (benefit) (631) 233  (1,206) (141) (30)
Asset impairments and accelerated depreciation 109  141  334  446  345 
Loss on early extinguishment of debt —  140  11  428  748 
Loss on deconsolidation of Venezuela —  —  —  —  778 
Net gain on divestitures (44) —  (186) (9) (6,822)
JDE coffee business transactions currency-related net gains —  —  —  —  (436)
Net (gain) loss on equity method investment transactions (778) (40) (43) — 
Equity method investment net earnings (442) (548) (460) (301) (56)
Distributions from equity method investments 250  180  152  75  58 
Other non-cash items, net 97  381  (225) (43) 199 
Receivables, net 124  257  (24) 31  44 
Inventories, net 31  (204) (18) 62  (49)
Accounts payable 236  409  659 
Other current assets (77) (25) 14  (176) 28 
Other current liabilities (362) (136) (637) 60  152 
Change in assets and liabilities, net of acquisitions and divestitures (280) 128  (660) 386  834 
Change in pension and postretirement assets and liabilities, net (168) (225) (333) (592) (211)
Adjustments to reconcile net earnings to operating cash flows 80  553  (343) 1,169  (3,563)
Net cash provided by operating activities 3,965  3,948  2,593  2,838  3,728 
Capital expenditures (925) (1,095) (1,014) (1,224) (1,514)
Proceeds from JDE coffee business transactions currency hedge settlements —  —  —  —  1,050 
Acquisitions, net of cash received (284) (528) —  (246) (527)
Proceeds from divestitures, net of disbursements 167  604  303  4,735 
Reduction of cash due to Venezuela deconsolidation —  —  —  —  (611)
Capital contribution to JDE —  —  —  —  (544)
Proceeds from sale of property, plant and equipment and other 82  398  109  138  60 
Net cash (used in) provided by investing activities (960) (1,224) (301) (1,029) 2,649 
Issuances of commercial paper, maturities greater than 90 days 1,306  3,981  1,808  1,540  613 
Repayments of commercial paper, maturities greater than 90 days (2,367) (2,856) (1,911) (1,031) (710)
Net issuances (repayments) of other short-term borrowings 524  (1,413) 1,027  1,741  (931)
Long-term debt proceeds 3,136  2,948  350  5,640  4,624 
Long-term debt repayments (2,677) (1,821) (1,470) (6,186) (4,975)
Repurchase of Common Stock (1,480) (2,020) (2,174) (2,601) (3,622)
Dividends paid (1,542) (1,359) (1,198) (1,094) (1,008)
Other 313  211  207  129  126 
Net cash used in financing activities (2,787) (2,329) (3,361) (1,862) (5,883)
Effect of exchange rate changes on cash, cash equivalents and restricted cash 10  (56) 89  (76) (255)
Cash, cash equivalents and restricted cash, increase (decrease) 228  339  (980) (129) 239 
Cash, cash equivalents and restricted cash, balance at beginning of period 1,100  761  1,741  1,870  1,631 
Cash, cash equivalents and restricted cash, balance at end of period 1,328  1,100  761  1,741  1,870 

Based on: 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), 10-K (filing date: 2016-02-19).

Cash flow statement item Description The company
Net cash provided by operating activities Amount of cash inflow (outflow) from operating activities, excluding discontinued operations. Operating activity cash flows include transactions, adjustments, and changes in value not defined as investing or financing activities. Mondelēz International Inc.’s net cash provided by operating activities increased from 2017 to 2018 and from 2018 to 2019.
Net cash (used in) provided by investing activities Amount of cash inflow (outflow) of investing activities, excluding discontinued operations. Investing activity cash flows include making and collecting loans and acquiring and disposing of debt or equity instruments and property, plant, and equipment and other productive assets. Mondelēz International Inc.’s net cash (used in) provided by investing activities decreased from 2017 to 2018 but then slightly increased from 2018 to 2019.
Net cash used in financing activities Amount of cash inflow (outflow) of financing activities, excluding discontinued operations. Financing activity cash flows include obtaining resources from owners and providing them with a return on, and a return of, their investment; borrowing money and repaying amounts borrowed, or settling the obligation; and obtaining and paying for other resources obtained from creditors on long-term credit. Mondelēz International Inc.’s net cash used in financing activities increased from 2017 to 2018 but then slightly decreased from 2018 to 2019.