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Mondelez International (MDLZ) Q4 FY2021 earnings: revenue $7.7 billion, up 4.9% on the year

Mondelez International, Inc. (MDLZ) reported revenue of $7.7 billion for Q4 FY2021, the quarter ended 31 December 2021, up 4.9% on the same quarter a year earlier. Net income was $1.0 billion, down 13.2% on the year, and diluted earnings per share $0.71. The figures are the company's own, from the 10-K it filed with the SEC on 4 February 2022.

Revenue
$7.7 billion
+4.9% on the year · +6.6% on the quarter
Q1 FY2020Q4 FY2021
Operating margin
15.7%
15.7% a year earlier
Q1 FY2020Q4 FY2021
Net income
$1.0 billion
-13.2% on the year · -20.3% on the quarter
Q1 FY2020Q4 FY2021
Diluted EPS
$0.71
-11.3% on the year · -20.2% on the quarter
Q1 FY2020Q4 FY2021

this quarterthe same quarter a year earlierHover a bar for its figure.

Income statement (profit and loss)

$ millionQ4 FY2021Q3 FY2021Q4 FY2020On the quarterOn the yearLast 8 quarters
Revenue7,6587,1827,298+6.6%+4.9%
Cost of revenue4,825n/an/a
Gross profit2,833n/an/a
Gross margin37.0%n/an/a
Selling, general and administrative1,670n/an/a
Operating income1,2041,2941,149-7.0%+4.8%
Operating margin15.7%18.0%15.7%
Interest expense90.0n/an/a
Pre-tax income1,143n/an/a
Income tax238n/an/a
Effective tax rate20.8%n/an/a
Net income1,0031,2581,156-20.3%-13.2%
Net margin13.1%n/an/a
Diluted EPS$0.71$0.89$0.80-20.2%-11.3%
$ million except per share.
Read moreFourth quarters are the year less the first three quarters. Free 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

$ millionQ4 FY2021Q3 FY2021Q4 FY2020On the quarterOn the yearLast 8 quarters
Operating cash flow1,421n/an/a
Capital expenditure326n/an/a
Free cash flow1,095n/an/a
Free cash flow margin14.3%n/an/a
Cash from investing-132n/an/a
Cash from financing-1,098n/an/a
Depreciation and amortisation276273303+1.1%-8.9%
Share-based compensation33.0n/an/a
Buybacks286n/an/a
Dividends paid489n/an/a
Diluted shares, weighted1,413m1,408m1,439m+0.4%-1.8%
Shares outstanding at period end1,388m1,395m1,412m-0.5%-1.7%

Cash flow lines for the quarter; where the company files them year to date, the quarter is the difference between two filings.

Balance sheet

$ millionQ4 FY2021Q3 FY2021Q4 FY2020On the quarterOn the yearLast 8 quarters
Shareholders' equity28,26927,69827,578+2.1%+2.5%
Non-controlling interest54.0n/an/a
Debt19,51219,98720,046-2.4%-2.7%
Operating lease liabilities459n/an/a
Finance lease liabilities157n/an/a
Other liabilities18,641n/an/a
Total liabilities and equity67,092n/an/a
Goodwill21,978n/an/a
Intangible assets18,291n/an/a
Cash and equivalents3,5533,4083,650+4.3%-2.7%
Receivables2,337n/an/a
Inventory2,708n/an/a
Other assets18,225n/an/a
Total assets67,092n/an/a

Questions

What was Mondelez International's revenue in Q4 FY2021?

Mondelez International (MDLZ) reported revenue of $7.7 billion for Q4 FY2021, the quarter ended 31 December 2021, up 4.9% on the same quarter a year earlier.

How much did Mondelez International earn in Q4 FY2021?

Net income for Q4 FY2021 was $1.0 billion, down 13.2% on the year, and diluted earnings per share $0.71.

When did Mondelez International report Q4 FY2021 results?

Mondelez International filed its 10-K for the year that ended with the quarter on 4 February 2022; the fourth quarter is the year less the first three.

Quarterly results, the last 20 quarters

Q4 FY2021 *Q1 FY2022Q2 FY2022Q3 FY2022Q4 FY2022 *Q1 FY2023Q2 FY2023Q3 FY2023Q4 FY2023 *Q1 FY2024Q2 FY2024Q3 FY2024Q4 FY2024 *Q1 FY2025Q2 FY2025Q3 FY2025Q4 FY2025 *Q1 FY2026Q2 FY2026Q3 FY2026
Revenue7,6587,7647,2747,7638,6959,1668,5079,0299,3149,2908,3439,2049,6049,3138,9849,74410,49610,0809,3559,967
Cost of revenue4,8254,7814,6335,1505,6205,7205,1535,5355,8444,5405,5466,2055,8936,8836,0477,1327,5407,2775,3696,043
Gross profit2,8332,9832,6412,6133,0753,4463,3543,4943,4704,7502,7972,9993,7112,4302,9372,6122,9562,8033,9863,924
Gross margin37%38%36%34%35%38%39%39%37%51%34%33%39%26%33%27%28%28%43%39%
SG&A1,6701,6931,6761,8842,1311,8551,8692,0192,2591,9381,8911,6301,9801,7111,7251,7951,9421,9162,0012,012
Operating income1,2041,0949276798341,5051,4251,3791,1932,7278541,1531,6116801,1727449528081,9461,758
Operating margin16%14%13%9%10%16%17%15%13%29%10%13%17%7%13%8%9%8%21%18%
Interest expense90.091.089.0114134153145134118122130129127137151157154148144147
Pre-tax income1,1439598596387722,2251,1611,3311,1632,6828501,1321,5975458556959197751,8991,721
Tax rate21%22%23%29%35%30%23%27%22%24%35%29%14%28%27%20%28%29%19%25%
Net income1,0038557475325832,0819449849501,4126018531,7454026417436655601,5481,305
Net margin13%11%10%7%7%23%11%11%10%15%7%9%18%4%7%8%6%6%17%13%
Diluted EPS$0.71$0.61$0.54$0.39$0.42$1.52$0.69$0.72$0.70$1.04$0.45$0.63$1.30$0.31$0.49$0.57$0.51$0.44$1.20$1.02
Operating cash flow1,4211,1318365491,3921,1238501,1771,5641,3248221,3051,4591,0923087172,3974678551,284
Capital expenditure326167218236285223272285332299367316405277305299398312342293
Free cash flow1,0959646183131,1079005788921,2321,0254559891,0548153.04181,999155513991
Buybacks28675175533217939919763.08885685061131,1471,5221312404920.0212633
Dividends paid489491486480528529526526579578573571627623610609645644643640
Shares outstanding1,388m1,384m1,371m1,366m1,363m1,362m1,360m1,361m1,346m1,341m1,336m1,337m1,294m1,295m1,294m1,290m1,282m1,284m1,276m1,266m
Filing10-K10-Q10-Q10-Q10-K10-Q10-Q10-Q10-K10-Q10-Q10-Q10-K10-Q10-Q10-Q10-K10-Q10-Q10-Q
Each quarter as filed, linked to its filing.
Read more* The fourth quarter is the full year less the first three quarters, because the company files the year and not the quarter on its own. A fourth quarter's EPS, and its diluted share count where shown, are from the company's results press release for that quarter, checked against the company's filed figures or a second data source. Money is in $ million as the company files it, or in $ billion by the switch above the tables; per share figures and the share count are as they are. Free 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. Cash flow lines filed year to date are the difference between two filings. Shares outstanding are at the period end where the balance sheet tags them, otherwise the count on the filing's cover page. A derived fourth-quarter EPS is left blank when a split in the year makes the arithmetic meaningless.

10-K for the period ended 31 December 2021, filed 4 February 2022: the filing.