Mondelez International (MDLZ) FY2024 results: revenue $36.4 billion, up 1.2% on the year
Mondelez International, Inc. (MDLZ) reported revenue of $36.4 billion for fiscal 2024, the year ended 31 December 2024, up 1.2% on the year before. Net income was $4.6 billion, down 7.0%, and diluted earnings per share $3.42. The figures are the company's own, from the 10-K it filed with the SEC on 5 February 2025.
Revenue
$36.4 billion
+1.2% on the year
FY2017FY2024
Operating margin
17.4%
15.3% a year earlier
FY2017FY2024
Net income
$4.6 billion
-7.0% on the year
FY2017FY2024
Diluted EPS
$3.42
-5.5% on the year
FY2017FY2024
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
FY2024
FY2023
FY2022
On the year
Last 8 years
Operating cash flow
4,910
4,714
3,908
+4.2%
Capital expenditure
1,387
1,112
906
+24.7%
Free cash flow
3,523
3,602
3,002
-2.2%
Free cash flow margin
9.7%
10.0%
9.5%
Cash from investing
526
2,812
-4,888
-81.3%
Cash from financing
-5,780
-7,558
-456
Depreciation and amortisation
1,302
1,215
1,107
+7.2%
Share-based compensation
147
146
120
+0.7%
Buybacks
2,334
1,547
2,017
+50.9%
Dividends paid
2,349
2,160
1,985
+8.8%
Dividend per share
$1.79
$1.62
$1.47
+10.5%
Diluted shares, weighted
1,347m
1,370m
1,385m
-1.7%
Balance sheet
$ million
FY2024
FY2023
FY2022
On the year
Last 8 years
Shareholders' equity
26,932
28,332
26,883
-4.9%
Non-controlling interest
26.0
34.0
37.0
-23.5%
Debt
17,749
19,408
22,933
-8.5%
Operating lease liabilities
623
537
514
+16.0%
Finance lease liabilities
183
214
198
-14.5%
Other liabilities
22,984
22,866
20,596
+0.5%
Total liabilities and equity
68,497
71,391
71,161
-4.1%
Goodwill
23,017
23,896
23,450
-3.7%
Intangible assets
18,848
19,836
19,710
-5.0%
Cash and equivalents
1,400
1,884
1,948
-25.7%
Receivables
3,874
3,634
3,088
+6.6%
Inventory
3,827
3,615
3,381
+5.9%
Other assets
17,531
18,526
19,584
-5.4%
Total assets
68,497
71,391
71,161
-4.1%
10-K for the year ended 31 December 2024, filed 5 February 2025: the filing.