Mondelez International (MDLZ) FY2022 results: revenue $31.5 billion, up 9.7% on the year
Mondelez International, Inc. (MDLZ) reported revenue of $31.5 billion for fiscal 2022, the year ended 31 December 2022, up 9.7% on the year before. Net income was $2.7 billion, down 36.8%, and diluted earnings per share $1.96. The figures are the company's own, from the 10-K it filed with the SEC on 3 February 2023.
Revenue
$31.5 billion
+9.7% on the year
FY2015FY2022
Operating margin
11.2%
16.2% a year earlier
FY2015FY2022
Net income
$2.7 billion
-36.8% on the year
FY2015FY2022
Diluted EPS
$1.96
-35.5% on the year
FY2015FY2022
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
FY2022
FY2021
FY2020
On the year
Last 8 years
Operating cash flow
3,908
4,141
3,964
-5.6%
Capital expenditure
906
965
863
-6.1%
Free cash flow
3,002
3,176
3,101
-5.5%
Free cash flow margin
9.5%
11.1%
11.7%
Cash from investing
-4,888
-26.0
500
Cash from financing
-456
-4,069
-2,215
Depreciation and amortisation
1,107
1,113
1,116
-0.5%
Share-based compensation
120
121
126
-0.8%
Buybacks
2,017
2,110
1,390
-4.4%
Dividends paid
1,985
1,826
1,678
+8.7%
Dividend per share
$1.47
n/a
n/a
Diluted shares, weighted
1,385m
1,413m
1,441m
-2.0%
Balance sheet
$ million
FY2022
FY2021
FY2020
On the year
Last 8 years
Shareholders' equity
26,883
28,269
27,578
-4.9%
Non-controlling interest
37.0
54.0
76.0
-31.5%
Debt
22,933
19,512
20,046
+17.5%
Operating lease liabilities
514
459
470
+12.0%
Finance lease liabilities
198
157
182
+26.1%
Other liabilities
20,596
18,641
19,458
+10.5%
Total liabilities and equity
71,161
67,092
67,810
+6.1%
Goodwill
23,450
21,978
21,895
+6.7%
Intangible assets
19,710
18,291
18,482
+7.8%
Cash and equivalents
1,948
3,553
3,650
-45.2%
Receivables
3,088
2,337
2,297
+32.1%
Inventory
3,381
2,708
2,647
+24.9%
Other assets
19,584
18,225
18,839
+7.5%
Total assets
71,161
67,092
67,810
+6.1%
10-K for the year ended 31 December 2022, filed 3 February 2023: the filing.