Statement of Comprehensive Income
Comprehensive income is the change in equity (net assets) of a business enterprise during a period from transactions and other events and circumstances from non-owners sources. It includes all changes in equity during a period except those resulting from investments by owners and distributions to owners.
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Mondelēz International Inc. pages available for free this week:
- Income Statement
- Balance Sheet: Assets
- Common-Size Balance Sheet: Liabilities and Stockholders’ Equity
- Analysis of Long-term (Investment) Activity Ratios
- Common Stock Valuation Ratios
- Enterprise Value to EBITDA (EV/EBITDA)
- Selected Financial Data since 2005
- Price to Operating Profit (P/OP) since 2005
- Price to Sales (P/S) since 2005
- Analysis of Revenues
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Mondelēz International Inc., consolidated statement of comprehensive income
US$ in millions
Based on: 10-K (reporting date: 2024-12-31), 10-K (reporting date: 2023-12-31), 10-K (reporting date: 2022-12-31), 10-K (reporting date: 2021-12-31), 10-K (reporting date: 2020-12-31).
The financial data presents notable fluctuations and trends in both net earnings and comprehensive earnings over the five-year span.
- Net Earnings
- Net earnings experienced growth from 2020 to 2021, increasing from 3,569 million US dollars to 4,314 million US dollars. This upward trend reversed sharply in 2022, dropping to 2,726 million US dollars. However, 2023 saw a significant recovery with net earnings reaching 4,968 million US dollars, followed by a slight decline to 4,623 million US dollars in 2024.
- Currency Translation Adjustment
- This item displayed volatility and mostly negative values except for 2023. It showed increasing negative impacts from -322 million US dollars in 2020 to -725 million US dollars in 2022, followed by a positive adjustment of 229 million US dollars in 2023, and then a substantial negative swing to -1,453 million US dollars in 2024. These fluctuations indicate significant exchange rate effects impacting the company’s financial results, especially pronounced in 2024.
- Pension and Other Benefit Plans
- The pension and benefit plans item was negative in 2020 (-153 million US dollars), positive in 2021 (495 million US dollars) and 2022 (274 million US dollars), before reverting to negative values in 2023 (-218 million US dollars) and 2024 (-79 million US dollars). This variability suggests changes in pension obligations or plan asset valuations affecting other comprehensive income.
- Derivative Cash Flow Hedges
- This component remained relatively low and fluctuating. While positive in 2020 (52 million US dollars) and 2022 (114 million US dollars), it turned negative in 2023 (-15 million US dollars) and further decreased slightly in 2024 (-3 million US dollars), indicating modest impacts from derivative financial instruments over the period.
- Other Comprehensive Earnings (Losses), Net of Tax
- This item exhibited considerable fluctuations with negative values in 2020 (-423 million US dollars), 2022 (-337 million US dollars), and 2024 (-1,535 million US dollars). It was positive in 2021 (50 million US dollars) and near neutral in 2023 (-4 million US dollars). The deepening losses in 2024 suggest heightened adverse events or remeasurements affecting comprehensive income.
- Comprehensive Earnings
- Comprehensive earnings showed a general correlation with net earnings but were impacted by other comprehensive income items. The values increased from 3,146 million US dollars in 2020 to 4,364 million US dollars in 2021, dropped notably to 2,389 million US dollars in 2022, surged to 4,964 million US dollars in 2023, and then decreased to 3,088 million US dollars in 2024. This trend indicates that comprehensive earnings are sensitive to both operational results and items such as currency adjustments and pension impacts.
- Comprehensive Earnings Attributable to Mondelēz International
- This figure closely mirrors the overall comprehensive earnings, with marginal adjustments for noncontrolling interests. It follows the same pattern of increase to 2021, decline in 2022, peak in 2023, and decrease in 2024, further confirming the source of changes mostly lies within the company's core comprehensive income components.
Overall, the data indicates that while net earnings show periods of growth and recovery, comprehensive earnings are more volatile primarily due to currency translation adjustments and other comprehensive income components such as pension plan impacts. The sharp negative currency translation adjustment in 2024 significantly impaired comprehensive earnings despite relatively strong net earnings, underlining the company's exposure to foreign exchange risks and other comprehensive income variabilities.