Kraft 2009 Annual Report Download - page 29
Download and view the complete annual report
Please find page 29 of the 2009 Kraft annual report below. You can navigate through the pages in the report by either clicking on the pages listed below, or by using the keyword search tool below to find specific information within the annual report.-
1 -
2
-
3
-
4
-
5
-
6
-
7
-
8
-
9
-
10
-
11
-
12
-
13
-
14
-
15
-
16
-
17
-
18
-
19 -
20 -
21 -
22 -
23 -
24 -
25 -
26 -
27 -
28 -
29 -
30 -
31 -
32 -
33 -
34 -
35 -
36 -
37 -
38 -
39 -
40
-
41
-
42
-
43
-
44
-
45
-
46
-
47
-
48
-
49
-
50
-
51
-
52
-
53
-
54
-
55
-
56
-
57
-
58
-
59
-
60
-
61
-
62
-
63
-
64
-
65
-
66
-
67
-
68
-
69
-
70
-
71
-
72
-
73
-
74
-
75
-
76
-
77
-
78
-
79
-
80
-
81
-
82
-
83
-
84
-
85
-
86
-
87
-
88
-
89
-
90
-
91
-
92
-
93
-
94
-
95
-
96
-
97
-
98
-
99
-
100
-
101
-
102
-
103
-
104
-
105
-
106
-
107
-
108
-
109
-
110
-
111
-
112
-
113
-
114
-
115
-
116
-
117
-
118
-
119
-
120
-
121
-
122
-
123
-
124
-
125
-
126
-
127
-
128
-
129
-
130
-
131
-
132
-
133
-
134
-
135
-
136
-
137
-
138
-
139
-
140
-
141
-
142
-
143
-
144
-
145
-
146
-
147
-
148
-
149
-
150
-
151
-
152
-
153
-
154
-
155
-
156
-
157
-
158
-
159
-
160
-
161
-
162
-
163
-
164
-
165
-
166
-
167
-
168
-
169
-
170
-
171
-
172
-
173
-
174
-
175
-
176
-
177
-
178
-
179
-
180
-
181
-
182
-
183
-
184
-
185
-
186
-
187
-
188
-
189
-
190
-
191
-
192
-
193
-
194
-
195
-
196
-
197
-
198
-
199
-
200
-
201
-
202
-
203
-
204
-
205
-
206
-
207
-
208
-
209
-
210
-
211
-
212
-
213
-
214
-
215
-
216
-
217
-
218
-
219
-
220
-
221
-
222
-
223
-
224
-
225
-
226
-
227
-
228
-
229
-
230
-
231
-
232
-
233
-
234
-
235
-
236
-
237
-
238
-
239
-
240
-
241
-
242
-
243
 |
 |
Net Earnings and Earnings per Share Attributable to Kraft Foods - Net earnings attributable to Kraft Foods of $3,021 million increased by $137
million (4.8%) in 2009. Diluted EPS from continuing operations attributable to Kraft Foods were $2.03 in 2009, up 67.8% from $1.21 in 2008.
Diluted EPS attributable to Kraft Foods were $2.03 in 2009, up 6.8% from $1.90 in 2008, due to the following:
Net Earnings Diluted EPS
(in millions, except
per share data)
2008 Net Earnings Attributable to Kraft Foods $ 2,884 $ 1.90
Change in net earnings attributable to Kraft Foods
Increases in operations 0.14
Lower charges from certain legal matters 0.01
Lower Restructuring Program costs 0.49
Change in unrealized gains on hedging activities 0.18
Lower asset impairment charges 0.06
Lower losses on divestitures, net 0.08
2008 favorable resolution of Brazilian value added tax claim (0.03)
Unfavorable foreign currency (0.14)
Other changes in taxes, including tax settlements (0.01)
Fewer shares outstanding 0.04
Change in net earnings from continuing operations 0.82
2008 gain on the split-off of our Post cereals business (0.61)
Decreased earnings from discontinued operations (0.08)
Change in net earnings from discontinued operations (0.69)
Total change in net earnings attributable to Kraft Foods 137 0.13
2009 Net Earnings Attributable to Kraft Foods $ 3,021 $ 2.03
2008 compared with 2007
For the Years Ended
December 31,
2008 2007 $ change % change
(in millions, except per
share data)
Net revenues $ 41,932 $ 35,858 $ 6,074 16.9%
Operating income 3,843 4,176 (333) (8.0%)
Earnings from continuing operations 1,848 2,492 (644) (25.8%)
Net earnings attributable to Kraft
Foods 2,884 2,721 163 6.0%
Diluted earnings per share from
continuing
operations attributable to Kraft
Foods 1.21 1.56 (0.35) (22.4%)
Diluted earnings per share attributable
to Kraft Foods 1.90 1.70 0.20 11.8%
26
Source: KRAFT FOODS INC, 10-K, February 25, 2010 Powered by Morningstar® Document Research℠