Mondelez 2012 Annual Report Download - page 58

Table of Contents
Mondelēz International, Inc. and Subsidiaries
Consolidated Statements of Earnings
For the Years Ended December 31
(in millions of U.S. dollars, except per share data)
See notes to consolidated financial statements.
55
2012
2011
2010
Net revenues
$
35,015
$
35,810
$
31,489
Cost of sales
21,939
22,710
19,617
Gross profit
13,076
13,100
11,872
Selling, general and administrative expenses
9,176
9,382
9,140
Asset impairment and exit costs
153
(5
)
26
Gains on divestitures, net
(107
)
– –
Amortization of intangibles
217
225
210
Operating income
3,637
3,498
2,496
Interest and other expense, net
1,863
1,618
1,770
Earnings from continuing operations before income taxes
1,774
1,880
726
Provision for income taxes
207
143
54
Earnings from continuing operations
1,567
1,737
672
Earnings from discontinued operations, net of income taxes
1,488
1,810
3,467
Net earnings
3,055
3,547
4,139
Noncontrolling interest
27
20
25
Net earnings attributable to Mondelēz International
$
3,028
$
3,527
$
4,114
Per share data:
Basic earnings per share attributable to Mondelēz International:
Continuing operations
$
0.87
$
0.97
$
0.38
Discontinued operations
0.83
1.03
2.02
Net earnings attributable to Mondelēz International
$
1.70
$
2.00
$
2.40
Diluted earnings per share attributable to Mondelēz International:
Continuing operations
$
0.86
$
0.97
$
0.38
Discontinued operations
0.83
1.02
2.01
Net earnings attributable to Mondelēz International
$
1.69
$
1.99
$
2.39
Dividends declared
$
1.00
$
1.16
$
1.16