Mondelez International (MDLZ) FY2015 results: revenue $29.6 billion, down 13.5% on the year
Mondelez International, Inc. (MDLZ) reported revenue of $29.6 billion for fiscal 2015, the year ended 31 December 2015, down 13.5% on the year before. Net income was $7.3 billion, up 232.7%, and diluted earnings per share $4.44. The figures are the company's own, from the 10-K it filed with the SEC on 19 February 2016.
Revenue
$29.6 billion
-13.5% on the year
FY2008FY2015
Operating margin
30.0%
9.5% a year earlier
FY2008FY2015
Net income
$7.3 billion
+232.7% on the year
FY2008FY2015
Diluted EPS
$4.44
+246.9% on the year
FY2008FY2015
this yearthe year beforeHover a bar for its figure.
The year in brief
Income statement (profit and loss)
$ million
FY2015
FY2014
FY2013
On the year
Last 8 years
Revenue
29,636
34,244
35,299
-13.5%
Cost of revenue
18,124
21,647
22,189
-16.3%
Gross profit
11,512
12,597
13,110
-8.6%
Gross margin
38.8%
36.8%
37.1%
Research and development
409
455
471
-10.1%
Selling, general and administrative
7,577
8,457
8,679
-10.4%
Operating income
8,897
3,242
3,971
+174.4%
Operating margin
30.0%
9.5%
11.2%
Interest expense
609
778
1,017
-21.7%
Pre-tax income
7,884
2,554
2,392
+208.7%
Income tax
593
353
60.0
+68.0%
Effective tax rate
7.5%
13.8%
2.5%
Net income
7,267
2,184
3,915
+232.7%
Net margin
24.5%
6.4%
11.1%
Diluted EPS
$4.44
$1.28
$2.19
+246.9%
$ 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
FY2015
FY2014
FY2013
On the year
Last 8 years
Operating cash flow
3,728
3,562
6,410
+4.7%
Capital expenditure
1,514
1,642
1,622
-7.8%
Free cash flow
2,214
1,920
4,788
+15.3%
Free cash flow margin
7.5%
5.6%
13.6%
Cash from investing
2,649
-1,642
-1,483
Cash from financing
-5,883
-2,688
-6,687
Depreciation and amortisation
894
1,059
1,077
-15.6%
Share-based compensation
136
141
128
-3.5%
Buybacks
3,622
1,700
2,900
+113.1%
Dividends paid
1,008
964
943
+4.6%
Dividend per share
$0.64
$0.58
$0.54
+10.3%
Diluted shares, weighted
1,637m
1,709m
1,789m
-4.2%
Balance sheet
$ million
FY2015
FY2014
FY2013
On the year
Last 8 years
Shareholders' equity
28,012
27,750
32,373
+0.9%
Non-controlling interest
88.0
103
159
-14.6%
Debt
15,398
16,656
17,079
-7.6%
Other liabilities
19,345
22,306
22,946
-13.3%
Total liabilities and equity
62,843
66,815
72,557
-5.9%
Fixed assets
8,362
9,827
10,247
-14.9%
Goodwill
20,664
23,389
25,597
-11.7%
Intangible assets
18,768
20,335
21,994
-7.7%
Receivables
2,634
3,802
4,463
-30.7%
Inventory
2,609
3,480
3,743
-25.0%
Other assets
9,806
5,982
6,513
+63.9%
Total assets
62,843
66,815
72,557
-5.9%
10-K for the year ended 31 December 2015, filed 19 February 2016: the filing.