Mondelez 2014 Annual Report Download - page 109
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Table of Contents
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.
106
2013 Quarters
First
Second
Third
Fourth
(in millions, except per share data)
Net revenues
$
8,744
$
8,595
$
8,472
$
9,488
Gross profit
3,242
3,231
3,144
3,493
Provision / (benefit) for income taxes
13
28
26
(7
)
Earnings from continuing operations
$
542
$
602
$
1,018
$
170
Earnings from discontinued operations, net of income taxes
–
–
–
1,603
Net earnings
$
542
$
602
$
1,018
$
1,773
Noncontrolling interest
6
1
6
7
Net earnings attributable to Mondel
ē
z International
$
536
$
601
$
1,012
$
1,766
Weighted
-
average shares for basic EPS
1,784
1,788
1,779
1,743
Plus incremental shares from assumed conversions of
stock options and long
-
term incentive plan shares
14
15
15
18
Weighted
-
average shares for diluted EPS
1,798
1,803
1,794
1,761
Per share data:
Basic EPS attributable to Mondel
ē
z International:
Continuing operations
$
0.30
$
0.34
$
0.57
$
0.09
Discontinued operations
–
–
–
0.92
Net earnings attributable to Mondelēz International:
$
0.30
$
0.34
$
0.57
$
1.01
Diluted EPS attributable to Mondel
ē
z International:
Continuing operations
$
0.30
$
0.33
$
0.56
$
0.09
Discontinued operations
–
–
–
0.91
Net earnings attributable to Mondelēz International:
$
0.30
$
0.33
$
0.56
$
1.00
Dividends declared
$
0.13
$
0.13
$
0.14
$
0.14
Market price
-
high
$
30.66
$
32.10
$
33.08
$
35.43
-
low
$
25.78
$
28.22
$
28.50
$
30.07
(1) In the third quarter of 2013, we recorded a $385 million pre-tax gain ($363 million net of tax) due to the resolution of a Cadbury acquisition-related
indemnification. See Note 11, Commitments and Contingencies , for additional information. In the fourth quarter of 2013, we recorded a $608 million pre-tax
loss ($386 million net of tax) in connection with extinguishing debt in the December 18, 2013 tender offer and a $2.5 billion pre-tax gain ($1.6 billion net of tax)
on the resolution of the Starbucks arbitration. See Note 8, Debt and Borrowing Arrangements and Note 2, Divestitures and Acquisitions , for additional
information.