Mondelez International (MDLZ) FY2012 results: revenue $35.0 billion, down 2.2% on the year
Mondelez International, Inc. (MDLZ) reported revenue of $35.0 billion for fiscal 2012, the year ended 31 December 2012, down 2.2% on the year before. Net income was $3.1 billion, down 13.7%, and diluted earnings per share $1.71. The figures are the company's own, from the 10-K it filed with the SEC on 25 February 2013.
Revenue
$35.0 billion
-2.2% on the year
FY2006FY2012
Operating margin
10.4%
9.8% a year earlier
FY2006FY2012
Net income
$3.1 billion
-13.7% on the year
FY2006FY2012
Diluted EPS
$1.71
-14.9% on the year
FY2006FY2012
this yearthe year beforeHover a bar for its figure.
The year in brief
Income statement (profit and loss)
$ million
FY2012
FY2011
FY2010
On the year
Last 8 years
Revenue
35,015
35,810
31,489
-2.2%
Cost of revenue
21,939
22,710
19,617
-3.4%
Gross profit
13,076
13,100
11,872
-0.2%
Gross margin
37.3%
36.6%
37.7%
Research and development
462
511
404
-9.6%
Selling, general and administrative
9,176
9,382
9,140
-2.2%
Operating income
3,637
3,498
2,496
+4.0%
Operating margin
10.4%
9.8%
7.9%
Interest expense
1,177
-1,383
1,540
Pre-tax income
1,774
1,880
726
-5.6%
Income tax
168
116
54.0
+44.8%
Effective tax rate
9.5%
6.2%
7.4%
Net income
3,067
3,554
4,114
-13.7%
Net margin
8.8%
9.9%
13.1%
Diluted EPS
$1.71
$2.01
$2.39
-14.9%
$ million except per share. Read moreFree cash flow is operating cash flow less capital expenditure; the effective tax rate is income tax over pre-tax income; margins are the line over revenue. Gross profit is revenue less cost of revenue, and operating income is revenue less the company's own total costs, where the statement does not print those lines. Those four are arithmetic on the filed numbers; everything else is as filed. Money is in $ million as the company files it, or in $ billion by the switch above the tables; per share figures and share counts are as they are.
Cash flow
$ million
FY2012
FY2011
FY2010
On the year
Last 8 years
Operating cash flow
3,923
4,520
3,748
-13.2%
Capital expenditure
1,610
1,771
1,661
-9.1%
Free cash flow
2,313
2,749
2,087
-15.9%
Free cash flow margin
6.6%
7.7%
6.6%
Cash from investing
-1,687
-1,728
-7,462
Cash from financing
204
-3,175
4,188
Depreciation and amortisation
1,345
1,485
1,440
-9.4%
Share-based compensation
162
181
174
-10.5%
Dividends paid
2,058
2,043
2,175
+0.7%
Dividend per share
$1.00
$1.16
$1.16
-13.8%
Diluted shares, weighted
1,789m
1,772m
1,720m
+1.0%
Balance sheet
$ million
FY2012
FY2011
FY2010
On the year
Last 8 years
Shareholders' equity
32,215
35,217
35,834
-8.5%
Non-controlling interest
140
111
108
+26.1%
Debt
19,425
26,931
28,724
-27.9%
Other liabilities
23,698
31,578
30,623
-25.0%
Total liabilities and equity
75,478
93,837
95,289
-19.6%
Fixed assets
10,010
13,813
13,792
-27.5%
Goodwill
25,740
37,297
37,856
-31.0%
Intangible assets
22,552
25,186
25,963
-10.5%
Cash and equivalents
4,475
1,974
2,481
+126.7%
Receivables
6,129
6,361
6,539
-3.6%
Inventory
3,741
5,706
5,310
-34.4%
Other assets
2,831
3,500
3,348
-19.1%
Total assets
75,478
93,837
95,289
-19.6%
10-K for the year ended 31 December 2012, filed 25 February 2013: the filing.