filings.toolsItem 6. Selected Financial Data
7K characters. Original on sec.gov · Markdown
Item 6. Selected Financial Data
Mondelēz International, Inc.
Selected Financial Data – Five Year Review (1)
| 2020 | 2019 | 2018 | 2017 | 2016 | |||||||||||||||||||||||||
| (in millions, except per share and employee data) | |||||||||||||||||||||||||||||
| Continuing Operations (2) | |||||||||||||||||||||||||||||
| Net revenues | $ | 26,581 | $ | 25,868 | $ | 25,938 | $ | 25,896 | $ | 25,923 | |||||||||||||||||||
| Earnings from continuing operations, net of taxes | 3,569 | 3,944 | 3,331 | 2,813 | 1,683 | ||||||||||||||||||||||||
| Net earnings attributable to Mondelēz International | 3,555 | 3,929 | 3,317 | 2,799 | 1,673 | ||||||||||||||||||||||||
| Per share, basic | 2.48 | 2.72 | 2.25 | 1.85 | 1.08 | ||||||||||||||||||||||||
| Per share, diluted | 2.47 | 2.69 | 2.23 | 1.83 | 1.06 | ||||||||||||||||||||||||
| Cash Flow and Financial Position (3) | |||||||||||||||||||||||||||||
| Net cash provided by operating activities | 3,964 | 3,965 | 3,948 | 2,593 | 2,838 | ||||||||||||||||||||||||
| Capital expenditures | 863 | 925 | 1,095 | 1,014 | 1,224 | ||||||||||||||||||||||||
| Property, plant and equipment, net | 9,026 | 8,733 | 8,482 | 8,677 | 8,229 | ||||||||||||||||||||||||
| Total assets | 67,810 | 64,515 | 62,618 | 62,907 | 61,460 | ||||||||||||||||||||||||
| Long-term debt | 17,276 | 14,207 | 12,532 | 12,972 | 13,217 | ||||||||||||||||||||||||
| Total Mondelēz International shareholders’ equity | $ | 27,578 | $ | 27,241 | $ | 25,526 | $ | 25,945 | $ | 25,096 | |||||||||||||||||||
| Shares outstanding at year end (4) | 1,419 | 1,435 | 1,451 | 1,488 | 1,528 | ||||||||||||||||||||||||
| Per Share and Other Data | |||||||||||||||||||||||||||||
| Book value per shares outstanding | $ | 19.43 | $ | 18.98 | $ | 17.59 | $ | 17.44 | $ | 16.42 | |||||||||||||||||||
| Dividends declared per share (5) | $ | 1.20 | $ | 1.09 | $ | 0.96 | $ | 0.82 | $ | 0.72 | |||||||||||||||||||
| Common Stock closing price at year end | $ | 58.47 | $ | 55.08 | $ | 40.03 | $ | 42.80 | $ | 44.33 | |||||||||||||||||||
| Number of employees | 79,000 | 80,000 | 80,000 | 83,000 | 90,000 |
(1)The selected financial data should be read in conjunction with Management’s Discussion and Analysis of Financial Condition and Results 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. During 2020, we moved to a quarter lag for recording Jacobs Douwe Egberts ("JDE") and JDE Peet's N.V. ("JDE Peet's") results and we recast all prior periods since the inception of our investment in JDE in 2015 on the same quarter lag basis. Please see Note 7, Equity Method Investments, for more information. During 2018, we adopted the new revenue recognition accounting standard update, and it did not have a material impact on any reported periods. During 2019, we adopted the new lease accounting standard and related updates. Please also refer to our previously filed Annual Reports on Form 10-K for additional information. 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 and Results 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: the Simplify to Grow Program; costs associated with JDE Peet's transaction in 2020, gain/loss on equity method investment transactions in 2016-2020; other divestitures and sales of property in 2016-2020; acquisitions in 2016 and 2018-2020; losses on debt extinguishment in 2016-2018 and 2020; debt tender offers completed in 2016, 2018 and 2020; the remeasurement of net monetary position in Argentina in 2018-2020; impairment charges related to intangible assets in 2016-2020; losses or gains related to interest rate swaps in 2016 and 2018-2020; impacts from the resolution of tax matters in 2017-2018; impacts from pension participation changes in 2018-2020; CEO transition remuneration in 2017-2019; malware incident incremental expenses in 2017; and our provision for income taxes in all years, including the U.S. tax reform discrete net tax benefits or expenses in primarily 2017-2018 and Swiss tax reform net impacts in 2019. Please refer to Note 1, Summary of Significant Accounting Policies; Note 2, Acquisitions and Divestitures; Note 5, Leases; Note 6, Goodwill and Intangible Assets; Note 7, Equity Method Investments; Note 8, Restructuring Program; Note 9, Debt and Borrowing Arrangements; Note 10, Financial Instruments; Note 11, Benefit Plans; Note 14, Commitments and Contingencies; Note 16, Income Taxes; and Note 18, Segment Reporting, and our Annual Reports on Form 10-K for earlier periods for additional information regarding items affecting comparability of our results from continuing operations.
(3)Items impacting comparability primarily relate to and acquisitions and divestitures during 2016-2020 and the Keurig and JDE coffee business transactions in 2016. Please refer to Note 2, Acquisitions and Divestitures, and our previously filed Annual Reports on Form 10-K for additional information.
(4)Refer to Note 13, Capital Stock, for additional information on our share repurchase program activity.
(5)Refer to the Equity and Dividends section within Management’s Discussion and Analysis of Financial Condition and Results of Operations for information on our dividends.
Previous: Item 5. Market for Registrant’s Common Equity, Related Stockholder Matters and Issuer Purchases of Equity Securities. · Next: Item 7. Management’s Discussion and Analysis of Financial Condition and Results of Operations.