Mondelez International (MDLZ) FY2013 results: revenue $35.3 billion, up 0.8% on the year
Mondelez International, Inc. (MDLZ) reported revenue of $35.3 billion for fiscal 2013, the year ended 31 December 2013, up 0.8% on the year before. Net income was $3.9 billion, up 27.6%, and diluted earnings per share $2.19. The figures are the company's own, from the 10-K it filed with the SEC on 3 March 2014.
Revenue
$35.3 billion
+0.8% on the year
FY2006FY2013
Operating margin
11.2%
10.4% a year earlier
FY2006FY2013
Net income
$3.9 billion
+27.6% on the year
FY2006FY2013
Diluted EPS
$2.19
+28.1% on the year
FY2006FY2013
this yearthe year beforeHover a bar for its figure.
The year in brief
Income statement (profit and loss)
$ million
FY2013
FY2012
FY2011
On the year
Last 8 years
Revenue
35,299
35,015
35,810
+0.8%
Cost of revenue
22,189
21,939
22,710
+1.1%
Gross profit
13,110
13,076
13,100
+0.3%
Gross margin
37.1%
37.3%
36.6%
Research and development
471
462
511
+1.9%
Selling, general and administrative
8,679
9,176
9,382
-5.4%
Operating income
3,971
3,637
3,498
+9.2%
Operating margin
11.2%
10.4%
9.8%
Interest expense
1,017
1,177
-1,383
-13.6%
Pre-tax income
2,392
1,774
1,880
+34.8%
Income tax
60.0
168
116
-64.3%
Effective tax rate
2.5%
9.5%
6.2%
Net income
3,915
3,067
3,554
+27.6%
Net margin
11.1%
8.8%
9.9%
Diluted EPS
$2.19
$1.71
$2.01
+28.1%
$ 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
FY2013
FY2012
FY2011
On the year
Last 8 years
Operating cash flow
6,410
3,923
4,520
+63.4%
Capital expenditure
1,622
1,610
1,771
+0.7%
Free cash flow
4,788
2,313
2,749
+107.0%
Free cash flow margin
13.6%
6.6%
7.7%
Cash from investing
-1,483
-1,687
-1,728
Cash from financing
-6,687
204
-3,175
Depreciation and amortisation
1,077
1,345
1,485
-19.9%
Share-based compensation
128
162
181
-21.0%
Buybacks
2,900
n/a
n/a
Dividends paid
943
2,058
2,043
-54.2%
Dividend per share
$0.54
$1.00
$1.16
-46.0%
Diluted shares, weighted
1,789m
1,789m
1,772m
0.0%
Balance sheet
$ million
FY2013
FY2012
FY2011
On the year
Last 8 years
Shareholders' equity
32,373
32,215
35,217
+0.5%
Non-controlling interest
159
140
111
+13.6%
Debt
17,079
19,425
26,931
-12.1%
Other liabilities
22,946
23,698
31,578
-3.2%
Total liabilities and equity
72,557
75,478
93,837
-3.9%
Fixed assets
10,247
10,010
13,813
+2.4%
Goodwill
25,597
25,740
37,297
-0.6%
Intangible assets
21,994
22,552
25,186
-2.5%
Cash and equivalents
n/a
4,475
1,974
Receivables
4,463
6,129
6,361
-27.2%
Inventory
3,743
3,741
5,706
+0.1%
Other assets
6,513
2,831
3,500
+130.1%
Total assets
72,557
75,478
93,837
-3.9%
10-K for the year ended 31 December 2013, filed 3 March 2014: the filing.