Mondelez International (MDLZ) FY2018 results: revenue $25.9 billion, up 0.2% on the year
Mondelez International, Inc. (MDLZ) reported revenue of $25.9 billion for fiscal 2018, the year ended 31 December 2018, up 0.2% on the year before. Net income was $3.3 billion, up 17.3%, and diluted earnings per share $2.23. The figures are the company's own, from the 10-K it filed with the SEC on 8 February 2019.
Revenue
$25.9 billion
+0.2% on the year
FY2011FY2018
Operating margin
12.8%
13.4% a year earlier
FY2011FY2018
Net income
$3.3 billion
+17.3% on the year
FY2011FY2018
Diluted EPS
$2.23
+20.5% on the year
FY2011FY2018
this yearthe year beforeHover a bar for its figure.
The year in brief
Income statement (profit and loss)
$ million
FY2018
FY2017
FY2016
On the year
Last 8 years
Revenue
25,938
25,896
25,923
+0.2%
Cost of revenue
15,586
15,862
15,819
-1.7%
Gross profit
10,352
10,034
10,104
+3.2%
Gross margin
39.9%
38.7%
39.0%
Research and development
362
366
376
-1.1%
Selling, general and administrative
6,475
5,938
6,540
+9.0%
Operating income
3,312
3,462
2,554
-4.3%
Operating margin
12.8%
13.4%
9.9%
Interest expense
462
396
515
+16.7%
Pre-tax income
2,842
3,124
1,454
-9.0%
Income tax
773
666
114
+16.1%
Effective tax rate
27.2%
21.3%
7.8%
Net income
3,317
2,828
1,635
+17.3%
Net margin
12.8%
10.9%
6.3%
Diluted EPS
$2.23
$1.85
$1.04
+20.5%
$ 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
FY2018
FY2017
FY2016
On the year
Last 8 years
Operating cash flow
3,948
2,593
2,838
+52.3%
Capital expenditure
1,095
1,014
1,224
+8.0%
Free cash flow
2,853
1,579
1,614
+80.7%
Free cash flow margin
11.0%
6.1%
6.2%
Cash from investing
-1,224
-301
-1,029
Cash from financing
-2,329
-3,361
-1,862
Depreciation and amortisation
811
816
823
-0.6%
Share-based compensation
128
137
140
-6.6%
Buybacks
2,020
2,174
2,601
-7.1%
Dividends paid
1,359
1,198
1,094
+13.4%
Dividend per share
n/a
$0.82
$0.72
Diluted shares, weighted
1,486m
1,531m
1,573m
-2.9%
Balance sheet
$ million
FY2018
FY2017
FY2016
On the year
Last 8 years
Shareholders' equity
25,637
25,994
25,161
-1.4%
Non-controlling interest
76.0
80.0
54.0
-5.0%
Debt
18,372
17,652
17,199
+4.1%
Operating lease liabilities
0.0
n/a
n/a
Other liabilities
18,644
19,231
19,124
-3.1%
Total liabilities and equity
62,729
62,957
61,538
-0.4%
Fixed assets
8,482
8,677
8,229
-2.2%
Goodwill
20,725
21,085
20,276
-1.7%
Intangible assets
18,002
18,639
18,101
-3.4%
Cash and equivalents
1,100
761
1,741
+44.5%
Receivables
2,262
2,691
2,611
-15.9%
Inventory
2,592
2,557
2,469
+1.4%
Other assets
9,566
8,547
8,111
+11.9%
Total assets
62,729
62,957
61,538
-0.4%
10-K for the year ended 31 December 2018, filed 8 February 2019: the filing.