Mondelez International (MDLZ) FY2017 results: revenue $25.9 billion, down 0.1% on the year
Mondelez International, Inc. (MDLZ) reported revenue of $25.9 billion for fiscal 2017, the year ended 31 December 2017, down 0.1% on the year before. Net income was $2.8 billion, up 73.0%, and diluted earnings per share $1.85. The figures are the company's own, from the 10-K it filed with the SEC on 9 February 2018.
Revenue
$25.9 billion
-0.1% on the year
FY2010FY2017
Operating margin
13.4%
9.9% a year earlier
FY2010FY2017
Net income
$2.8 billion
+73.0% on the year
FY2010FY2017
Diluted EPS
$1.85
+77.9% on the year
FY2010FY2017
this yearthe year beforeHover a bar for its figure.
The year in brief
Income statement (profit and loss)
$ million
FY2017
FY2016
FY2015
On the year
Last 8 years
Revenue
25,896
25,923
29,636
-0.1%
Cost of revenue
15,862
15,819
18,124
+0.3%
Gross profit
10,034
10,104
11,512
-0.7%
Gross margin
38.7%
39.0%
38.8%
Research and development
366
376
409
-2.7%
Selling, general and administrative
5,938
6,540
7,577
-9.2%
Operating income
3,462
2,554
8,897
+35.6%
Operating margin
13.4%
9.9%
30.0%
Interest expense
396
515
609
-23.1%
Pre-tax income
3,124
1,454
7,884
+114.9%
Income tax
666
114
593
+484.2%
Effective tax rate
21.3%
7.8%
7.5%
Net income
2,828
1,635
7,267
+73.0%
Net margin
10.9%
6.3%
24.5%
Diluted EPS
$1.85
$1.04
$4.44
+77.9%
$ 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
FY2017
FY2016
FY2015
On the year
Last 8 years
Operating cash flow
2,593
2,838
3,728
-8.6%
Capital expenditure
1,014
1,224
1,514
-17.2%
Free cash flow
1,579
1,614
2,214
-2.2%
Free cash flow margin
6.1%
6.2%
7.5%
Cash from investing
-301
-1,029
2,649
Cash from financing
-3,361
-1,862
-5,883
Depreciation and amortisation
816
823
894
-0.9%
Share-based compensation
137
140
136
-2.1%
Buybacks
2,174
2,601
3,622
-16.4%
Dividends paid
1,198
1,094
1,008
+9.5%
Dividend per share
$0.82
$0.72
$0.64
+13.9%
Diluted shares, weighted
1,531m
1,573m
1,637m
-2.7%
Balance sheet
$ million
FY2017
FY2016
FY2015
On the year
Last 8 years
Shareholders' equity
25,994
25,161
28,012
+3.3%
Non-controlling interest
80.0
54.0
88.0
+48.1%
Debt
17,652
17,199
15,398
+2.6%
Other liabilities
19,231
19,124
19,345
+0.6%
Total liabilities and equity
62,957
61,538
62,843
+2.3%
Fixed assets
8,677
8,229
8,362
+5.4%
Goodwill
21,085
20,276
20,664
+4.0%
Intangible assets
18,639
18,101
18,768
+3.0%
Cash and equivalents
761
1,741
n/a
-56.3%
Receivables
2,691
2,611
2,634
+3.1%
Inventory
2,557
2,469
2,609
+3.6%
Other assets
8,547
8,111
9,806
+5.4%
Total assets
62,957
61,538
62,843
+2.3%
10-K for the year ended 31 December 2017, filed 9 February 2018: the filing.