Cash Flow Statement
Quarterly Data
The cash flow statement provides information about a company 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 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.
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Mondelēz International Inc. pages available for free this week:
- Balance Sheet: Liabilities and Stockholders’ Equity
- Common-Size Income Statement
- Dividend Discount Model (DDM)
- Present Value of Free Cash Flow to Equity (FCFE)
- Return on Equity (ROE) since 2005
- Return on Assets (ROA) since 2005
- Debt to Equity since 2005
- Price to Earnings (P/E) since 2005
- Price to Sales (P/S) since 2005
- Aggregate Accruals
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Mondelēz International Inc., consolidated cash flow statement (quarterly data)
US$ in millions
Based on: 10-Q (reporting date: 2026-06-30), 10-Q (reporting date: 2026-03-31), 10-K (reporting date: 2025-12-31), 10-Q (reporting date: 2025-09-30), 10-Q (reporting date: 2025-06-30), 10-Q (reporting date: 2025-03-31), 10-K (reporting date: 2024-12-31), 10-Q (reporting date: 2024-09-30), 10-Q (reporting date: 2024-06-30), 10-Q (reporting date: 2024-03-31), 10-K (reporting date: 2023-12-31), 10-Q (reporting date: 2023-09-30), 10-Q (reporting date: 2023-06-30), 10-Q (reporting date: 2023-03-31), 10-K (reporting date: 2022-12-31), 10-Q (reporting date: 2022-09-30), 10-Q (reporting date: 2022-06-30), 10-Q (reporting date: 2022-03-31), 10-K (reporting date: 2021-12-31), 10-Q (reporting date: 2021-09-30), 10-Q (reporting date: 2021-06-30), 10-Q (reporting date: 2021-03-31).
The financial trajectory between March 2021 and June 2026 is characterized by strong operational cash generation offset by aggressive capital allocation toward acquisitions, shareholder returns, and debt management. Net cash provided by operating activities remains consistently positive, though it exhibits significant quarterly volatility, peaking at 2,397 million in December 2025.
- Operational Cash Flow Performance
- Net earnings demonstrate substantial fluctuation, ranging from lows of 407 million in March 2025 to highs of 2,089 million in March 2023. Despite this volatility in accounting profit, cash flow from operations is bolstered by a steady upward trend in depreciation and amortization, which climbed from approximately 280 million per quarter in 2021 to 350 million by mid-2026. Non-cash adjustments, particularly unrealized gains and losses on derivative contracts, introduce significant noise into the quarterly operating cash figures, notably in the 2024 and 2025 periods.
- Investment and Capital Expenditure Trends
- A disciplined increase in capital expenditures is evident, with quarterly spending rising from an average of 200-300 million in 2021 to a consistent 300-400 million range by 2026. The investing activities are marked by a strategic cycle of acquisitions and divestitures. Large-scale acquisitions were prominent in 2022, specifically in September 2022 with a cash outflow of 2,576 million. This was balanced by significant proceeds from divestitures, most notably a peak of 2,290 million in December 2024, suggesting a portfolio optimization strategy.
- Financing and Shareholder Returns
- Shareholder distributions are a primary use of cash. Dividends paid show a consistent and gradual increase, moving from approximately 450 million per quarter in early 2021 to over 640 million per quarter by 2026. Stock repurchases are more opportunistic and volatile, with substantial outflows such as 1,522 million in March 2025. Financing is managed through a combination of short-term borrowings and long-term debt; notable long-term debt proceeds occurred in March 2021 (2,373 million) and September 2021 (3,543 million), followed by periodic repayments to manage the leverage profile.
- Working Capital Dynamics
- Working capital movements exhibit high seasonality and volatility. Receivables and inventories frequently fluctuate, with large cash outflows for inventory accumulation often followed by inflows. A significant trend is observed in accounts payable, which provided substantial cash inflows in late 2024, peaking at 731 million in December 2024, indicating a shift in short-term liability management.
Overall, the organization maintains a robust capacity to fund its operations and shareholder commitments through internal cash generation, while utilizing the debt market and divestiture proceeds to finance strategic growth and capital investments.