Mondelez 2014 Annual Report Download - page 23

Table of Contents
Item 6. Selected Financial Data
Mondelēz International, Inc.
Selected Financial Data – Five Year Review
(1)
20
2014
2013
2012
2011
2010
(in millions, except per share and employee data)
Continuing Operations
(2)
Net revenues
$
34,244
$
35,299
$
35,015
$
35,810
$
31,489
Earnings from continuing operations, net of taxes
2,201
2,332
1,606
1,764
677
Net earnings attributable to Mondelē
z International:
Per share, basic
1.29
1.30
0.90
0.99
0.38
Per share, diluted
1.28
1.29
0.88
0.99
0.38
Cash Flow and Financial Position
(3)
Net cash provided by operating activities
3,562
6,410
3,923
4,520
3,748
Capital expenditures
1,642
1,622
1,610
1,771
1,661
Property, plant and equipment, net
9,827
10,247
10,010
13,813
13,792
Total assets
66,815
72,515
75,477
93,785
95,228
Long-term debt
13,865
14,482
15,574
23,095
26,859
Total Mondelēz International shareholders’ equity
27,750
32,373
32,276
35,271
35,859
Shares outstanding at year end
(4)
1,664
1,705
1,778
1,768
1,748
Per Share and Other Data
(5)
Book value per shares outstanding
16.68
18.99
18.15
19.95
20.51
Dividends declared per share
(6)
0.58
0.54
1.00
1.16
1.16
Common Stock closing price at year end
(7)
36.33
35.30
25.45
37.36
31.51
Number of employees
104,000
107,000
110,000
126,000
127,000
(1) The selected financial data should be read in conjunction with
Management
’
s Discussion and Analysis of Financial Condition and Results of Operations
and our
consolidated financial statements and related notes included elsewhere in this Annual Report on Form 10-K and past Annual Reports on Form 10-K for earlier
periods. A significant portion of our business is exposed to currency exchange rate fluctuation as a large portion of our assets, liabilities, revenue and expenses
must be translated into U.S. dollars for reporting purposes. Refer to Management’s Discussion and Analysis of Financial Condition and Results of Operations
for a discussion of operating results on a constant currency basis where noted.
(2) Significant items impacting the comparability of our results from continuing operations include: Spin-Off Costs in 2012-2014, Restructuring Programs in 2012-
2014, Cost Savings Initiatives in 2010-2013; divestitures and sales of property in 2013, 2012 and 2010, an acquisition in 2013, the acquisition of Cadbury in
2010 and the related Integration Program in 2010-2014; the benefit from the Cadbury acquisition-related indemnification resolution in 2013; losses on debt
extinguishment in 2014 and 2013; the unrealized gain on the planned coffee business divestiture currency hedges in 2014; the debt tender offers completed in
2014 and 2013; accounting calendar changes in 2013, 2011 (including a 53rd week of operating results in 2011) and 2010; impairment charges related to
intangible assets in 2014, 2012 and 2010 and our provision for income taxes in all years. Please refer to Notes 1, Summary of Significant Accounting Policies ;
2, Divestitures and Acquisitions ; 5, Goodwill and Intangible Assets ; 6, Restructuring Programs ; 7, Integration Program and Cost Savings Initiatives ; 8, Debt
and Borrowing Arrangements ; 9, Financial Instruments ; 11, Commitments and Contingencies ; 15, Income Taxes ; and 17, Segment Reporting , for additional
information regarding items affecting comparability of our results from continuing operations.
(3) Our Cash Flow and Financial Position information includes Kraft Foods Group, Inc. data for periods prior to the October 1, 2012 Spin-Off date. Refer to Note 2,
Divestitures and Acquisitions , for information on the divested net assets and items impacting cash flow. Other items impacting comparability primarily relate to
the receipt of net cash proceeds from the resolution of the Starbucks arbitration in 2013 and our acquisition of Cadbury in 2010.
(4)
Refer to Note 13,
Capital Stock
, for additional information on our share repurchase program in 2014 and 2013.
(5) Per Share and Other Data includes Kraft Foods Group, Inc. data for periods prior to the October 1, 2012 Spin-Off date. Refer to Note 2, Divestitures and
Acquisitions
, related to the resolution of the Starbucks arbitration and the Annual Report on Form 10-K for the year ended December 31, 2012, for additional
information on the Cadbury acquisition in 2010.
(6) Refer to the
Equity and Dividends
section within
Management
’
s Discussion and Analysis of Financial Condition and Results of Operations
for additional
information on our dividends following the October 1, 2012 Spin
-
Off.
(7) Closing prices reflect historical market prices and have not been adjusted for periods prior to October 1, 2012 to reflect the Spin-Off of Kraft Foods Group, Inc.
on that date.