Stock Analysis on Net

Mondelēz International Inc. (NASDAQ:MDLZ)

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.

Mondelēz International Inc., consolidated cash flow statement (quarterly data)

US$ in millions

Microsoft Excel
3 months ended: Dec 31, 2023 Sep 30, 2023 Jun 30, 2023 Mar 31, 2023 Dec 31, 2022 Sep 30, 2022 Jun 30, 2022 Mar 31, 2022 Dec 31, 2021 Sep 30, 2021 Jun 30, 2021 Mar 31, 2021 Dec 31, 2020 Sep 30, 2020 Jun 30, 2020 Mar 31, 2020 Dec 31, 2019 Sep 30, 2019 Jun 30, 2019 Mar 31, 2019
Net earnings 950 988 941 2,089 584 533 748 861 1,005 1,262 1,079 968 1,159 1,122 545 743 729 1,428 808 920
Depreciation and amortization 313 309 290 303 288 271 273 275 276 273 280 284 303 285 272 256 270 260 259 258
Stock-based compensation expense 37 34 37 38 32 32 32 24 33 25 38 25 29 34 35 28 34 30 39 32
U.S. tax reform transition tax 3 2
Deferred income tax provision (benefit) (46) (92) (98) 199 (83) 73 38 (70) 46 67 58 34 33 7 (84) (26) 107 (774) 34 2
Asset impairments and accelerated depreciation 33 51 26 18 55 15 8 155 (75) 51 109 43 (5) 42 99 6 99 (1) 5
Loss on early extinguishment of debt 1 38 110 185
Gain on acquisition (108) 1 (9) (3) (41)
(Gain) loss on equity method investment transactions (1) 23 (487) 3 6 8 5 3 (250) (502) 7 (452) (345) (121) (71) 25 (23)
Equity method investment net earnings (44) (10) (71) (35) (85) (85) (98) (117) (103) (105) (107) (78) (110) (84) (106) (121) (105) (111) (113) (113)
Distributions from equity method investments 1 34 102 15 48 14 107 14 64 20 74 26 27 28 165 33 29 28 160
Unrealized (gain) loss on derivative contracts 88 (30) (162) (67) 118 83 150 (13)
Gain on marketable securities 194 (787)
Other non-cash items, net 87 26 2 25 56 19 13 (178) (47) 18 (23) 18 71 28 126 27 116 (62) 16
Receivables, net 59 (597) 500 (590) (94) (398) 290 (517) 220 (459) 536 (494) 318 (587) 938 (610) 341 (352) 705 (570)
Inventories, net 291 (56) (196) (232) 110 (379) (285) (81) 172 (53) (252) (37) 290 (81) (185) (48) 250 (74) (109) (36)
Accounts payable 246 80 (278) 216 383 149 (214) 397 282 238 (101) 283 307 54 (131) 206 263 171 (291) (139)
Other current assets (12) 22 7 (137) (143) (1) (38) (104) 90 (69) (50) (140) (143) (2) 155 (217) 36 (93) (67) 47
Other current liabilities (265) 451 (327) 517 217 234 (51) 230 (271) (176) (55) (252) 268 (153) (71) 137 139 (593) (45)
Change in assets and liabilities, net of acquisitions and divestitures 319 (100) (294) (226) 473 (395) (298) (75) 493 (343) (43) (443) 520 (348) 624 (740) 1,027 (209) (355) (743)
Change in pension and postretirement assets and liabilities, net (66) (32) (39) (49) (64) (51) (52) (59) (94) (69) (73) (77) (57) (54) (46) (76) (48) (29) (42) (49)
Adjustments to reconcile net earnings to operating cash flows 614 189 (91) (966) 808 16 88 270 416 (334) (202) (53) 490 (365) 729 (459) 1,354 (592) (227) (455)
Net cash provided by operating activities 1,564 1,177 850 1,123 1,392 549 836 1,131 1,421 928 877 915 1,649 757 1,274 284 2,083 836 581 465
Capital expenditures (332) (285) (272) (223) (285) (236) (218) (167) (326) (229) (194) (216) (233) (185) (231) (214) (239) (221) (200) (265)
Acquisitions, net of cash received 18 1 (1,308) (2,576) 16 (1,418) (343) (490) 6 (1) (1,141) (284)
Proceeds from divestitures including equity method and marketable security investments 1,372 767 926 1,034 (3) 9 529 66 41 500 998 1,132 778 394 185 1 3 163
Proceeds from derivative settlements 177
Payments for derivative settlements (81)
Contributions to investments (309)
Proceeds from sale of property, plant and equipment and other 199 54 (58) (176) 118 392 115 78 153 55 9 16 (48) 88 (4) (26) 13 34 (7) 42
Net cash (used in) provided by investing activities 1,026 536 614 636 (1,478) (2,411) 442 (1,441) (132) 326 470 (690) 857 680 (982) (55) (225) (468) (44) (223)
Issuances of commercial paper, maturities greater than 90 days 67 520 157 497 199 610
Repayments of commercial paper, maturities greater than 90 days (67) (55) (465) (157) (497) (198) (620) (1,549)
Net issuances (repayments) of short-term borrowings (799) (884) (342) 156 544 1,151 2 217 (13) 170 (610) 647 (115) (2,110) (2,368) 2,477 (1,113) (321) 143 1,815
Long-term debt proceeds 88 189 2,499 1,991 3,543 5 2,373 1,226 3,454 2,533 1,540 999 597
Long-term debt repayments (345) (31) (1,020) (1,036) (27) (676) (23) (2,306) (349) (2,522) (23) (3,353) (1,682) (766) (760) (670) (2,262) (6) (6) (403)
Repurchases of Common Stock (888) (63) (197) (399) (179) (332) (755) (751) (286) (326) (452) (1,046) (670) (720) (337) (203) (294) (646)
Dividends paid (579) (526) (526) (529) (528) (480) (486) (491) (489) (441) (443) (453) (451) (408) (410) (409) (411) (375) (376) (380)
Other 39 36 47 51 31 57 26 60 39 (167) 76 51 27 (19) 6 117 (15) 57 114 157
Net cash provided by (used in) financing activities (2,484) (1,535) (1,782) (1,757) (159) 2,219 (1,236) (1,280) (1,098) 257 (1,447) (1,781) (1,720) (314) (636) 455 (2,101) (47) (840) 201
Effect of exchange rate changes on cash, cash equivalents and restricted cash 101 (54) (68) (11) (2) (97) (60) (10) (46) (72) 10 (35) 74 36 23 (60) 34 (32) 9 (1)
Cash, cash equivalents and restricted cash, increase (decrease) 207 124 (386) (9) (247) 260 (18) (1,600) 145 1,439 (90) (1,591) 860 1,159 (321) 624 (209) 289 (294) 442

Based on: 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), 10-K (reporting date: 2020-12-31), 10-Q (reporting date: 2020-09-30), 10-Q (reporting date: 2020-06-30), 10-Q (reporting date: 2020-03-31), 10-K (reporting date: 2019-12-31), 10-Q (reporting date: 2019-09-30), 10-Q (reporting date: 2019-06-30), 10-Q (reporting date: 2019-03-31).

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. net cash provided by operating activities increased from Q2 2023 to Q3 2023 and from Q3 2023 to Q4 2023.
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. net cash (used in) provided by investing activities decreased from Q2 2023 to Q3 2023 but then increased from Q3 2023 to Q4 2023 exceeding Q2 2023 level.
Net cash provided by (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. net cash provided by (used in) financing activities increased from Q2 2023 to Q3 2023 but then decreased significantly from Q3 2023 to Q4 2023.