Selected Financial Data
since 2005
Income Statement
Mondelēz International Inc., selected items from income statement, long-term trends
US$ in millions
| 12 months ended: | Net revenues | Operating income | Net earnings attributable to Mondelēz International |
|---|---|---|---|
| Dec 31, 2024 | 36,441) | 6,345) | 4,611) |
| Dec 31, 2023 | 36,016) | 5,502) | 4,959) |
| Dec 31, 2022 | 31,496) | 3,534) | 2,717) |
| Dec 31, 2021 | 28,720) | 4,653) | 4,300) |
| Dec 31, 2020 | 26,581) | 3,853) | 3,555) |
| Dec 31, 2019 | 25,868) | 3,843) | 3,870) |
| Dec 31, 2018 | 25,938) | 3,312) | 3,381) |
| Dec 31, 2017 | 25,896) | 3,506) | 2,922) |
| Dec 31, 2016 | 25,923) | 2,569) | 1,659) |
| Dec 31, 2015 | 29,636) | 8,897) | 7,267) |
| Dec 31, 2014 | 34,244) | 3,242) | 2,184) |
| Dec 31, 2013 | 35,299) | 3,971) | 3,915) |
| Dec 31, 2012 | 35,015) | 3,637) | 3,028) |
| Dec 31, 2011 | 54,365) | 6,657) | 3,527) |
| Dec 31, 2010 | 49,207) | 5,666) | 4,114) |
| Dec 31, 2009 | 40,386) | 5,524) | 3,021) |
| Dec 31, 2008 | 42,201) | 3,817) | 2,901) |
| Dec 31, 2007 | 37,241) | 4,331) | 2,590) |
| Dec 31, 2006 | 34,356) | 4,526) | 3,060) |
| Dec 31, 2005 | 34,113) | 4,752) | 2,632) |
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), 10-K (reporting date: 2019-12-31), 10-K (reporting date: 2018-12-31), 10-K (reporting date: 2017-12-31), 10-K (reporting date: 2016-12-31), 10-K (reporting date: 2015-12-31), 10-K (reporting date: 2014-12-31), 10-K (reporting date: 2013-12-31), 10-K (reporting date: 2012-12-31), 10-K (reporting date: 2011-12-31), 10-K (reporting date: 2010-12-31), 10-K (reporting date: 2009-12-31), 10-K (reporting date: 2008-12-31), 10-K (reporting date: 2007-12-31), 10-K (reporting date: 2006-12-31), 10-K (reporting date: 2005-12-31).
- Net Revenues
- The net revenues exhibited an overall upward trend from 2005 through 2024, increasing from approximately 34,113 million US dollars in 2005 to around 36,441 million US dollars in 2024. Notable fluctuations occurred around the 2011 to 2016 period, where revenues declined sharply from 54,365 million in 2011 to a low of 25,923 million in 2016. From 2016 onward, revenues stabilized and resumed a moderate growth trajectory, with a significant rise observed between 2019 and 2023. This pattern suggests periodic volatility possibly influenced by external or internal factors but generally reflects long-term growth.
- Operating Income
- Operating income demonstrated variability over the period. Initially, it experienced slight fluctuations from 4,752 million US dollars in 2005 to a low of 3,242 million in 2014. A remarkable spike occurred in 2015, with operating income surging to 8,897 million, indicating an exceptional event or one-time gain. Subsequently, operating income declined again, reaching 2,569 million in 2016 before recovering gradually to 6,345 million by 2024. The data reveals intermittent operational challenges but an underlying capacity for income recovery, with 2024 levels reflecting a strong operational performance compared to earlier years.
- Net Earnings Attributable to Mondelēz International
- Net earnings displayed an inconsistent pattern punctuated by peaks and troughs. Starting at 2,632 million US dollars in 2005, earnings increased until 2010, reaching 4,114 million, followed by a decline until 2014 with a notable drop to 2,184 million. A significant jump was recorded in 2015, peaking at 7,267 million, which aligns with the operating income spike in the same year, possibly signifying a notable event impacting profitability. Afterward, earnings decreased substantially in 2016 to 1,659 million but generally trended upward through 2024, reaching approximately 4,611 million. This trend indicates episodic profitability surges amidst general volatility but an overall recovery and growth tendency in recent years.
Balance Sheet: Assets
Mondelēz International Inc., selected items from assets, long-term trends
US$ in millions
| Current assets | Total assets | |
|---|---|---|
| Dec 31, 2024 | 13,242) | 68,497) |
| Dec 31, 2023 | 11,703) | 71,391) |
| Dec 31, 2022 | 10,091) | 71,161) |
| Dec 31, 2021 | 10,342) | 67,092) |
| Dec 31, 2020 | 9,979) | 67,810) |
| Dec 31, 2019 | 7,630) | 64,549) |
| Dec 31, 2018 | 7,604) | 62,729) |
| Dec 31, 2017 | 7,520) | 63,109) |
| Dec 31, 2016 | 8,480) | 61,538) |
| Dec 31, 2015 | 8,958) | 62,843) |
| Dec 31, 2014 | 11,750) | 66,815) |
| Dec 31, 2013 | 13,216) | 72,557) |
| Dec 31, 2012 | 15,622) | 75,478) |
| Dec 31, 2011 | 16,202) | 93,837) |
| Dec 31, 2010 | 16,221) | 95,289) |
| Dec 31, 2009 | 12,454) | 66,714) |
| Dec 31, 2008 | 11,366) | 63,078) |
| Dec 31, 2007 | 10,737) | 67,993) |
| Dec 31, 2006 | 8,254) | 55,574) |
| Dec 31, 2005 | 8,153) | 57,628) |
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), 10-K (reporting date: 2019-12-31), 10-K (reporting date: 2018-12-31), 10-K (reporting date: 2017-12-31), 10-K (reporting date: 2016-12-31), 10-K (reporting date: 2015-12-31), 10-K (reporting date: 2014-12-31), 10-K (reporting date: 2013-12-31), 10-K (reporting date: 2012-12-31), 10-K (reporting date: 2011-12-31), 10-K (reporting date: 2010-12-31), 10-K (reporting date: 2009-12-31), 10-K (reporting date: 2008-12-31), 10-K (reporting date: 2007-12-31), 10-K (reporting date: 2006-12-31), 10-K (reporting date: 2005-12-31).
The financial data from the period starting in 2005 through 2024 reveals several notable trends in key asset categories.
- Current Assets
- Current assets demonstrated a general upward trend over the period analyzed despite some fluctuations. Starting at $8,153 million in 2005, current assets increased significantly, peaking at $16,221 million in 2010. Following this peak, there was a decline until 2015, bottoming at $8,480 million. Thereafter, the figures showed a slow but steady recovery, culminating at $13,242 million by 2024. This indicates periods of both expansion and contraction in short-term resources before a stable upward trajectory in recent years.
- Total Assets
- Total assets exhibited variability but maintained a relatively stable range over the period. Beginning at $57,628 million in 2005, total assets fluctuated, reaching a high of $95,289 million in 2010. Afterward, a notable decline occurred, with total assets dropping to $61,538 million by 2016. Subsequently, the amount hovered roughly between $62,000 million and $71,000 million, with minor fluctuations, ending at $68,497 million in 2024. This pattern reflects asset base adjustments over the years possibly due to strategic shifts or market conditions.
In summary, current assets expanded sharply early in the timeline, then experienced a reduction period followed by a recovery phase. Total assets showed greater volatility with a clear peak around 2010, a significant mid-period contraction, and stabilization in the final years. These movements suggest a cycle of aggressive growth, retrenchment, and stabilization in the company’s asset management over the nearly two-decade span.
Balance Sheet: Liabilities and Stockholders’ Equity
Mondelēz International Inc., selected items from liabilities and stockholders’ equity, long-term trends
US$ in millions
| Current liabilities | Total liabilities | Total debt | Total Mondelēz International shareholders’ equity | |
|---|---|---|---|---|
| Dec 31, 2024 | 19,549) | 41,539) | 17,749) | 26,932) |
| Dec 31, 2023 | 19,013) | 43,025) | 19,408) | 28,332) |
| Dec 31, 2022 | 16,731) | 44,241) | 22,933) | 26,883) |
| Dec 31, 2021 | 14,008) | 38,769) | 19,512) | 28,269) |
| Dec 31, 2020 | 15,159) | 40,156) | 20,046) | 27,578) |
| Dec 31, 2019 | 15,322) | 37,198) | 18,426) | 27,275) |
| Dec 31, 2018 | 16,737) | 37,016) | 18,372) | 25,637) |
| Dec 31, 2017 | 15,793) | 36,918) | 17,652) | 26,111) |
| Dec 31, 2016 | 14,417) | 36,323) | 17,199) | 25,161) |
| Dec 31, 2015 | 10,922) | 34,743) | 15,398) | 28,012) |
| Dec 31, 2014 | 14,007) | 38,962) | 16,700) | 27,750) |
| Dec 31, 2013 | 14,396) | 40,025) | 17,121) | 32,373) |
| Dec 31, 2012 | 14,873) | 43,123) | 19,425) | 32,215) |
| Dec 31, 2011 | 18,445) | 58,509) | 26,931) | 35,217) |
| Dec 31, 2010 | 15,660) | 59,347) | 28,724) | 35,834) |
| Dec 31, 2009 | 11,491) | 40,742) | 18,990) | 25,876) |
| Dec 31, 2008 | 11,044) | 40,817) | 20,251) | 22,200) |
| Dec 31, 2007 | 17,086) | 40,660) | 21,009) | 27,295) |
| Dec 31, 2006 | 10,473) | 27,019) | 10,214) | 28,555) |
| Dec 31, 2005 | 8,724) | 28,035) | 10,548) | 29,593) |
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), 10-K (reporting date: 2019-12-31), 10-K (reporting date: 2018-12-31), 10-K (reporting date: 2017-12-31), 10-K (reporting date: 2016-12-31), 10-K (reporting date: 2015-12-31), 10-K (reporting date: 2014-12-31), 10-K (reporting date: 2013-12-31), 10-K (reporting date: 2012-12-31), 10-K (reporting date: 2011-12-31), 10-K (reporting date: 2010-12-31), 10-K (reporting date: 2009-12-31), 10-K (reporting date: 2008-12-31), 10-K (reporting date: 2007-12-31), 10-K (reporting date: 2006-12-31), 10-K (reporting date: 2005-12-31).
The analysis of the financial data over the examined period reveals several notable trends regarding liabilities, debt, and shareholders’ equity.
- Current Liabilities
- Current liabilities show a generally increasing trend from 2005 to 2024, starting at US$8,724 million and rising to a peak of US$19,549 million in 2024. There are fluctuations within this period, such as a peak in 2011 at US$18,445 million, followed by a decline and subsequent growth. Overall, current liabilities approximately doubled over the period, indicating a growing short-term obligation profile.
- Total Liabilities
- Total liabilities exhibit considerable volatility. Initially, a moderate level around US$28,035 million in 2005 is observed, with a sharp increase to above US$59,000 million in 2010, likely reflecting significant financing activities or acquisitions. After 2010, total liabilities decline steadily, with some short-term variations, settling near US$41,539 million in 2024. This suggests some deleveraging or restructuring following a peak in the early 2010s.
- Total Debt
- Total debt follows a somewhat similar pattern to total liabilities, with an initial level of US$10,548 million growing sharply to a peak above US$28,700 million in 2010. After this peak, debt levels reduce and fluctuate but remain elevated compared to the start, standing at US$17,749 million in 2024. The decline post-2010 indicates possible debt repayment or refinancing, though debt remains a significant component of the capital structure.
- Shareholders’ Equity
- Shareholders’ equity starts at approximately US$29,593 million in 2005 and experiences a gradual decline through to 2008, reaching a low of US$22,200 million. Equity recovers and increases consistently from 2009 to 2011, reaching over US$35,800 million, then declines and fluctuates around the US$25,000 to US$28,000 million range through to 2024. The equity shows relative stability in the latter years, indicating maintained or controlled issuance and buybacks, or balanced profitability and dividend payout strategies.
In summary, there is a clear pattern of increased liabilities and debt up to 2010, followed by efforts to manage and reduce them while maintaining a relatively stable equity base with moderate fluctuations. The company appears to have expanded its liabilities significantly around 2010, then gradually restructured its financial obligations. The increase in current liabilities shows an increased short-term obligation, which may suggest changes in working capital management or operational financing.
Cash Flow Statement
Mondelēz International Inc., selected items from cash flow statement, long-term trends
US$ in millions
| 12 months ended: | Net cash provided by operating activities | Net cash (used in) provided by investing activities | Net cash provided by (used in) financing activities |
|---|---|---|---|
| Dec 31, 2024 | 4,910) | 526) | (5,780) |
| Dec 31, 2023 | 4,714) | 2,812) | (7,558) |
| Dec 31, 2022 | 3,908) | (4,888) | (456) |
| Dec 31, 2021 | 4,141) | (26) | (4,069) |
| Dec 31, 2020 | 3,964) | 500) | (2,215) |
| Dec 31, 2019 | 3,965) | (960) | (2,787) |
| Dec 31, 2018 | 3,948) | (1,224) | (2,329) |
| Dec 31, 2017 | 2,593) | (301) | (3,361) |
| Dec 31, 2016 | 2,838) | (1,029) | (1,862) |
| Dec 31, 2015 | 3,728) | 2,649) | (5,883) |
| Dec 31, 2014 | 3,562) | (1,642) | (2,688) |
| Dec 31, 2013 | 6,410) | (1,483) | (6,645) |
| Dec 31, 2012 | 3,923) | (1,687) | 204) |
| Dec 31, 2011 | 4,520) | (1,728) | (3,175) |
| Dec 31, 2010 | 3,748) | (7,462) | 4,188) |
| Dec 31, 2009 | 5,084) | (1,239) | (3,133) |
| Dec 31, 2008 | 4,141) | (1,320) | (2,057) |
| Dec 31, 2007 | 3,571) | (8,416) | 5,121) |
| Dec 31, 2006 | 3,720) | (116) | (3,720) |
| Dec 31, 2005 | 3,464) | 525) | (3,951) |
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), 10-K (reporting date: 2019-12-31), 10-K (reporting date: 2018-12-31), 10-K (reporting date: 2017-12-31), 10-K (reporting date: 2016-12-31), 10-K (reporting date: 2015-12-31), 10-K (reporting date: 2014-12-31), 10-K (reporting date: 2013-12-31), 10-K (reporting date: 2012-12-31), 10-K (reporting date: 2011-12-31), 10-K (reporting date: 2010-12-31), 10-K (reporting date: 2009-12-31), 10-K (reporting date: 2008-12-31), 10-K (reporting date: 2007-12-31), 10-K (reporting date: 2006-12-31), 10-K (reporting date: 2005-12-31).
- Operating Activities Cash Flow
- Net cash provided by operating activities exhibited a generally fluctuating trend over the observed period. Initial figures showed a moderate increase from 3464 million USD in 2005 to a peak of 5084 million USD in 2009. This was followed by a noticeable decline in 2010, dropping to 3748 million USD, and subsequent oscillations ensued with values ranging roughly between 2593 million USD and 4141 million USD through to 2022. Starting from 2023, there is an evident upward movement, reaching 4910 million USD in 2024, the highest value recorded during the timeframe.
- Investing Activities Cash Flow
- Cash flows from investing activities predominantly reflect negative values, indicating substantial outflows most years, with exceptions. After a small inflow of 525 million USD in 2005, the company experienced significant outflows in 2007 and 2010, reaching -8416 million USD and -7462 million USD, respectively. Notably, positive inflows appear sporadically, for instance in 2015 with 2649 million USD, 2020 with 500 million USD, and 2023 with 2812 million USD. However, large negative outflows reoccurred in years like 2022 with -4888 million USD. This pattern suggests active investment activity possibly tied to acquisitions or capital expenditures, with periodic divestments or asset sales generating inflows.
- Financing Activities Cash Flow
- The net cash flow from financing activities reveals considerable volatility. Early years show cash outflows, for instance, -3951 million USD in 2005 and -3720 million USD in 2006, but 2007 stands out with a positive inflow of 5121 million USD. Following 2007, cash flows are predominantly negative with some small positive exceptions, such as 204 million USD in 2012. Several significant cash outflows appear between 2013 and 2024, notably -6645 million USD in 2013 and -7558 million USD in 2022. The recurring negative pattern indicates repayment of debt, dividend payments, or share repurchases outweighing new financing inflows over much of the period.
- Summary
- The cash flow trends suggest that operating activities have been a relatively stable source of cash with moderate growth and resilience in recent years. Investing activities have involved substantial net outflows overall, indicating heavy reinvestment or acquisitions with intermittent proceeds from disposals. Financing activities have predominantly been a source of cash outflows, implying the company focused on deleveraging, returning capital to shareholders, or similar uses of cash in most years after brief periods of positive inflows. The combination of these patterns reflects a company balancing investment growth with capital management strategies while maintaining consistent operational cash generation.
Per Share Data
Mondelēz International Inc., selected data per share, long-term trends
US$
| 12 months ended: | Basic earnings per share 1 | Diluted earnings per share 2 | Dividend per share 3 |
|---|---|---|---|
| Dec 31, 2024 | 3.44 | 3.42 | 1.79 |
| Dec 31, 2023 | 3.64 | 3.62 | 1.62 |
| Dec 31, 2022 | 1.97 | 1.96 | 1.47 |
| Dec 31, 2021 | 3.06 | 3.04 | 1.33 |
| Dec 31, 2020 | 2.48 | 2.47 | 1.20 |
| Dec 31, 2019 | 2.68 | 2.65 | 1.09 |
| Dec 31, 2018 | 2.30 | 2.28 | 0.96 |
| Dec 31, 2017 | 1.93 | 1.91 | 0.82 |
| Dec 31, 2016 | 1.07 | 1.05 | 0.72 |
| Dec 31, 2015 | 4.49 | 4.44 | 0.64 |
| Dec 31, 2014 | 1.29 | 1.28 | 0.58 |
| Dec 31, 2013 | 1.30 | 1.29 | 0.54 |
| Dec 31, 2012 | 0.87 | 0.86 | 1.00 |
| Dec 31, 2011 | 2.00 | 1.99 | 1.16 |
| Dec 31, 2010 | 2.40 | 2.39 | 1.16 |
| Dec 31, 2009 | 2.04 | 2.03 | 1.16 |
| Dec 31, 2008 | 1.95 | 1.92 | 1.12 |
| Dec 31, 2007 | 1.64 | 1.62 | 1.04 |
| Dec 31, 2006 | 1.86 | 1.85 | 0.96 |
| Dec 31, 2005 | 1.56 | 1.55 | 0.87 |
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), 10-K (reporting date: 2019-12-31), 10-K (reporting date: 2018-12-31), 10-K (reporting date: 2017-12-31), 10-K (reporting date: 2016-12-31), 10-K (reporting date: 2015-12-31), 10-K (reporting date: 2014-12-31), 10-K (reporting date: 2013-12-31), 10-K (reporting date: 2012-12-31), 10-K (reporting date: 2011-12-31), 10-K (reporting date: 2010-12-31), 10-K (reporting date: 2009-12-31), 10-K (reporting date: 2008-12-31), 10-K (reporting date: 2007-12-31), 10-K (reporting date: 2006-12-31), 10-K (reporting date: 2005-12-31).
1, 2, 3 Data adjusted for splits and stock dividends.
The analysis of the earnings and dividend per share over the period from 2005 to 2024 reveals several notable trends and fluctuations.
- Basic Earnings per Share (EPS)
-
Basic EPS demonstrates variability with periods of growth and decline. From 2005 to 2010, EPS increased from $1.56 to a peak of $2.40, reflecting positive earnings growth during this timeframe. However, in 2011 and 2012, EPS sharply dropped to $2.00 and then further to $0.87, indicating a significant earnings contraction.
Post-2012, EPS showed signs of recovery, gradually rising to $2.68 by 2019, although with some volatility including a brief spike to $4.49 in 2015, which appears as an outlier relative to surrounding years. The period from 2020 onwards shows fluctuations again, with EPS ranging between $1.97 and $3.64, ending at $3.44 in 2024, suggesting resilient but inconsistent earnings performance in recent years.
- Diluted Earnings per Share
-
The trend in diluted EPS closely follows that of basic EPS, reflecting nearly identical values throughout the period. This similarity points to minimal dilution impact on earnings per share. The fluctuations mirror those outlined in basic EPS, confirming the earnings volatility trend witnessed.
- Dividend per Share
-
Dividend per share presents a more stable and generally upward trend. Starting at $0.87 in 2005, dividends steadily increased, with minor interruptions, reaching $1.79 in 2024. This suggests a commitment to returning value to shareholders despite the earnings fluctuations.
Notably, dividends remained constant at $1.16 from 2008 to 2010 before decreasing in 2012 to $1.00 and more significantly in 2013 to $0.54, coinciding with the period of EPS decline. Subsequently, dividends recovered steadily, illustrating a strategy of cautious dividend management aligned with earnings performance.
In summary, earnings per share have exhibited marked volatility, with periods of strong growth tempered by sharp declines, while dividends have maintained a more consistent and increasing trajectory. This pattern reflects both challenges in earnings stability and a focus on shareholder returns through dividends over the long term.