Mondelez International (MDLZ) FY2023 results: revenue $36.0 billion, up 14.4% on the year
Mondelez International, Inc. (MDLZ) reported revenue of $36.0 billion for fiscal 2023, the year ended 31 December 2023, up 14.4% on the year before. Net income was $5.0 billion, up 82.5%, and diluted earnings per share $3.62. The figures are the company's own, from the 10-K it filed with the SEC on 2 February 2024.
Revenue
$36.0 billion
+14.4% on the year
FY2016FY2023
Operating margin
15.3%
11.2% a year earlier
FY2016FY2023
Net income
$5.0 billion
+82.5% on the year
FY2016FY2023
Diluted EPS
$3.62
+84.7% on the year
FY2016FY2023
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
FY2023
FY2022
FY2021
On the year
Last 8 years
Operating cash flow
4,714
3,908
4,141
+20.6%
Capital expenditure
1,112
906
965
+22.7%
Free cash flow
3,602
3,002
3,176
+20.0%
Free cash flow margin
10.0%
9.5%
11.1%
Cash from investing
2,812
-4,888
-26.0
Cash from financing
-7,558
-456
-4,069
Depreciation and amortisation
1,215
1,107
1,113
+9.8%
Share-based compensation
146
120
121
+21.7%
Buybacks
1,547
2,017
2,110
-23.3%
Dividends paid
2,160
1,985
1,826
+8.8%
Dividend per share
$1.62
$1.47
n/a
+10.2%
Diluted shares, weighted
1,370m
1,385m
1,413m
-1.1%
Balance sheet
$ million
FY2023
FY2022
FY2021
On the year
Last 8 years
Shareholders' equity
28,332
26,883
28,269
+5.4%
Non-controlling interest
34.0
37.0
54.0
-8.1%
Debt
19,408
22,933
19,512
-15.4%
Operating lease liabilities
537
514
459
+4.5%
Finance lease liabilities
214
198
157
+8.1%
Other liabilities
22,866
20,596
18,641
+11.0%
Total liabilities and equity
71,391
71,161
67,092
+0.3%
Goodwill
23,896
23,450
21,978
+1.9%
Intangible assets
19,836
19,710
18,291
+0.6%
Cash and equivalents
1,884
1,948
3,553
-3.3%
Receivables
3,634
3,088
2,337
+17.7%
Inventory
3,615
3,381
2,708
+6.9%
Other assets
18,526
19,584
18,225
-5.4%
Total assets
71,391
71,161
67,092
+0.3%
10-K for the year ended 31 December 2023, filed 2 February 2024: the filing.