Mondelez International (MDLZ) FY2021 results: revenue $28.7 billion, up 8.0% on the year
Mondelez International, Inc. (MDLZ) reported revenue of $28.7 billion for fiscal 2021, the year ended 31 December 2021, up 8.0% on the year before. Net income was $4.3 billion, up 21.0%, and diluted earnings per share $3.04. The figures are the company's own, from the 10-K it filed with the SEC on 4 February 2022.
Revenue
$28.7 billion
+8.0% on the year
FY2014FY2021
Operating margin
16.2%
14.5% a year earlier
FY2014FY2021
Net income
$4.3 billion
+21.0% on the year
FY2014FY2021
Diluted EPS
$3.04
+23.1% on the year
FY2014FY2021
this yearthe year beforeHover a bar for its figure.
$ 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
FY2021
FY2020
FY2019
On the year
Last 8 years
Operating cash flow
4,141
3,964
3,965
+4.5%
Capital expenditure
965
863
925
+11.8%
Free cash flow
3,176
3,101
3,040
+2.4%
Free cash flow margin
11.1%
11.7%
11.8%
Cash from investing
-26.0
500
-960
Cash from financing
-4,069
-2,215
-2,787
Depreciation and amortisation
1,113
1,116
1,047
-0.3%
Share-based compensation
121
126
135
-4.0%
Buybacks
2,110
1,390
1,480
+51.8%
Dividends paid
1,826
1,678
1,542
+8.8%
Diluted shares, weighted
1,413m
1,441m
1,458m
-1.9%
Balance sheet
$ million
FY2021
FY2020
FY2019
On the year
Last 8 years
Shareholders' equity
28,269
27,578
27,275
+2.5%
Non-controlling interest
54.0
76.0
76.0
-28.9%
Debt
19,512
20,046
18,426
-2.7%
Operating lease liabilities
459
470
403
-2.3%
Finance lease liabilities
157
182
91.0
-13.7%
Other liabilities
18,641
19,458
18,278
-4.2%
Total liabilities and equity
67,092
67,810
64,549
-1.1%
Goodwill
21,978
21,895
20,848
+0.4%
Intangible assets
18,291
18,482
17,957
-1.0%
Cash and equivalents
3,553
3,650
1,328
-2.7%
Receivables
2,337
2,297
2,212
+1.7%
Inventory
2,708
2,647
2,546
+2.3%
Other assets
18,225
18,839
19,658
-3.3%
Total assets
67,092
67,810
64,549
-1.1%
10-K for the year ended 31 December 2021, filed 4 February 2022: the filing.