Net earnings attributable to Mondelēz International:
Per share, basic
1.93
1.07
4.49
1.29
1.30
Per share, diluted
1.91
1.05
4.44
1.28
1.29
Cash Flow and Financial Position (3)
Net cash provided by operating activities
2,593
2,838
3,728
3,562
6,410
Capital expenditures
1,014
1,224
1,514
1,642
1,622
Property, plant and equipment, net
8,677
8,229
8,362
9,827
10,247
Total assets
63,109
61,538
62,843
66,771
72,464
Long-term debt
12,972
13,217
14,557
13,821
14,431
Total Mondelēz International shareholders’ equity
26,111
25,161
28,012
27,750
32,373
Shares outstanding at year end (4)
1,488
1,528
1,580
1,664
1,705
Per Share and Other Data
Book value per shares outstanding
17.55
16.47
17.73
16.68
18.99
Dividends declared per share (5)
0.82
0.72
0.64
0.58
0.54
Common Stock closing price at year end
42.80
44.33
44.84
36.33
35.30
Number of employees
83,000
90,000
99,000
104,000
107,000
(1)
The selected financial data should be read in conjunction with Management’s Discussion and Analysis of Financial Condition andResults of Operations and our consolidated financial statements and related notes included elsewhere in this Annual Report on Form 10-K and Annual Reports on Form 10-K for earlier periods. A significant portion of our business is exposed to currency exchange rate fluctuation as a large portion of our assets, liabilities, revenue and expenses must be translated into U.S. dollars for reporting purposes. Refer to Management’s Discussion and Analysis of Financial Condition andResults of Operations for a discussion of operating results on a constant currency basis where noted.
(2)
Significant items impacting the comparability of our results from continuing operations include: Spin-Off Costs in 2013-2014; restructuring programs in 2013-2017; cost savings initiatives in 2013; the contribution of our global coffee businesses and investment in JDE and related gain in 2015; gain on equity method investment transactions in 2016-2017; other divestitures and sales of property in 2013 and 2015-2017; acquisitions in 2013 and 2015-2016; the Cadbury acquisition-related Integration Program in 2013-2014; the benefit from the Cadbury acquisition-related indemnification resolution in 2013; losses on debt extinguishment in 2013-2017; unrealized gains on the coffee business transaction currency hedges in 2014-2015; debt tender offers completed in 2013-2016; loss on deconsolidation of Venezuela in 2015; the remeasurement of net monetary assets in Venezuela in 2013-2015; accounting calendar changes in 2013 and 2015; impairment charges related to intangible assets in 2014-2017; losses related to interest rate swaps in 2015-2016; benefits from the resolution of tax matters in 2017; CEO transition remuneration in 2017; malware incident incremental expenses in 2017; and our provision for income taxes in all years, including the U.S. tax reform discrete net tax benefit in 2017. Please refer to Notes 1, Summary of Significant Accounting Policies; 2, Divestitures and Acquisitions; 5, Goodwill and Intangible Assets; 6, 2014-2018 Restructuring Program; 7, Debt and Borrowing Arrangements; 8, Financial Instruments; 12, Commitments and Contingencies; 14, Income Taxes; and 16, Segment Reporting, for additional information regarding items affecting comparability of our results from continuing operations.
(3)
Items impacting comparability primarily relate to the Keurig and JDE coffee business transactions in 2014-2016, the loss on deconsolidation of Venezuela in 2015 and the receipt of net cash proceeds from the resolution of the Starbucks arbitration in 2013. Refer to the Annual Report on Form 10-K for the year ended December 31, 2015, for additional information on the resolution of the Starbucks arbitration in 2013. Beginning in 2015, debt issuance costs related to recognized debt liabilities were recorded as a deduction from the related debt obligations instead of as long-term other assets on the consolidated balance sheet. We made this reclassification in the prior periods presented for consistency.
(4)
Refer to Note 11, Capital Stock, for additional information on our share repurchase program in 2013-2017.
(5)
Refer to the Equity and Dividends section within Management’sDiscussion and Analysis of Financial Conditionand Results of Operations for information on our dividends.
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