Mondelez 2012 Annual Report Download - page 104

Table of Contents
The fourth quarter of 2011 benefited from lower than projected taxes on our earnings outside the U.S. and an $85 million true-up of
prior quarter estimates to a lower actual tax expense reported by these operations.
Basic and diluted EPS are computed independently for each of the periods presented. Accordingly, the sum of the quarterly EPS
amounts may not equal the total for the year.
During 2012, we recorded the following pre-tax charges / (gains) in earnings from continuing operations:
During 2011, we recorded the following pre-tax charges / (gains) in earnings from continuing operations:
101
2011 Quarters
First
Second
Third
Fourth
(in millions, except per share data)
Net revenues
$
8,190
$
9,163
$
8,778
$
9,679
Gross profit
$
3,115
$
3,313
$
3,247
$
3,425
Earnings from continuing operations
$
325
$
445
$
508
$
459
Earnings from discontinued operations,
net of income taxes
477
531
419
383
Net earnings
802
976
927
842
Noncontrolling interest
3
–
5
12
Net earnings attributable to
Mondelēz International
$
799
$
976
$
922
$
830
Weighted-average shares for diluted EPS
1,760
1,771
1,777
1,779
Per share data:
Basic EPS attributable to
Mondelēz International:
Continuing operations
$
0.18
$
0.25
$
0.28
$
0.25
Discontinued operations
0.28
0.30
0.24
0.22
Net earnings attributable to
Mondel
ē
z International
$
0.46
$
0.55
$
0.52
$
0.47
Diluted EPS attributable to
Mondel
ē
z International:
Continuing operations
$
0.18
$
0.25
$
0.28
$
0.25
Discontinued operations
0.27
0.30
0.24
0.22
Net earnings attributable to
Mondelēz International
$
0.45
$
0.55
$
0.52
$
0.47
Dividends declared
$
0.29
$
0.29
$
0.29
$
0.29
Market price – high
$
32.20
$
35.47
$
36.30
$
37.93
– low
$
30.21
$
31.35
$
32.63
$
31.88
(1)
Market prices in the table above reflect historical stock prices which were not adjusted to reflect the Kraft Foods Group Spin
-
Off.
2012 Quarters
First
Second
Third
Fourth
(in millions)
Asset impairment and exit costs
$
44
$
27
$
13
$
69
(Gains) / losses on divestitures, net
–
–
–
(
107
)
$
44
$
27
$
13
$
(38
)
2011 Quarters
First
Second
Third
Fourth
(in millions)
Asset impairment and exit costs
$
–
$
–
$
(
5
)
$
–
(Gains) / losses on divestitures, net
–
–
–
–
$
–
$
–
$
(
5
)
$
–
(1)