Mondelez 2014 Annual Report Download - page 36

Table of Contents
Net Earnings and Earnings per Share Attributable to Mondelēz International – Net earnings attributable to Mondelē
z International of
$3,915 million increased by $848 million (27.6%) in 2013. Diluted EPS attributable to Mondelēz International was $2.19 in 2013, up
$0.48 (28.1%) from 2012. Diluted EPS from continuing operations attributable to Mondelēz International was $1.29 in 2013, up
$0.41 (46.6%) from 2012. Adjusted EPS
(1)
was $1.54 in 2013, up $0.11 (7.7%) from 2012. Adjusted EPS on a constant currency
basis
(1)
was $1.60 in 2013, up $0.17 (11.9%) from 2012.
33
Diluted EPS
Diluted EPS Attributable to Mondel
ē
z International for the Year Ended December 31, 2012
$
1.71
Discontinued operations
0.83
Diluted EPS Attributable to Mondel
ē
z International from Continuing Operations for the Year
Ended December 31, 2012
0.88
Spin-Off Costs
(2)
0.39
2012-2014 Restructuring Program costs
(3)
0.04
Integration Program costs
(4)
0.08
Spin-Off interest expense adjustment
(5)
0.06
Spin
-
Off pension expense adjustment
(6)
0.02
Intangible asset impairment charge
(7)
0.02
Gains on divestitures, net
(2)
(0.03
)
Net earnings from divestitures
(2)
(0.03
)
Adjusted EPS
(1)
for the Year Ended December 31, 2012
1.43
Increase in operations
0.04
Gains on sales of property in 2013
(2)
0.03
Gains on sales of property in 2012
(2)
(0.03
)
Change in unrealized gains / (losses) on hedging activities
0.03
Lower interest and other expense, net
(8)
0.03
Changes in shares outstanding
(9)
–
Changes in income taxes
(10)
0.07
Adjusted EPS (constant currency)
(1)
for the Year Ended December 31, 2013
1.60
Unfavorable foreign currency - translation
(0.06
)
Adjusted EPS
(1)
for the Year Ended December 31, 2013
1.54
Spin-Off Costs
(2)
(0.02
)
2012-2014 Restructuring Program costs
(3)
(0.14
)
Integration Program and other acquisition integration costs
(4)
(0.10
)
Loss on debt extinguishment and related expenses
(11)
(0.22
)
Net benefit from indemnification resolution
(12)
0.20
Remeasurement of net monetary assets in Venezuela
(13)
(0.03)
Gains on acquisition and divestitures, net
(2)
0.04
Residual tax benefit impact due to resolution of Starbucks arbitration
(2)
0.02
Acquisition
-
related costs
(2)
–
Net earnings from divestitures
(2)
–
Diluted EPS Attributable to Mondel
ē
z International from Continuing Operations for the Year
Ended December 31, 2013
1.29
Discontinued operations
0.90
Diluted EPS Attributable to Mondel
ē
z International for the Year Ended December 31, 2013
$
2.19
(1)
Please see the
Non
-
GAAP Financial Measures
section at the end of this item.
(2) Refer to Note 2,
Divestitures and Acquisitions
, for more information on Spin-Off Costs following the Kraft Foods Group, Inc. divestiture, the
resolution of the Starbucks arbitration, other divestitures, an acquisition in our EEMEA segment and sales of property.
(3)
Refer to Note 6,
Restructuring Programs
, for more information on our 2012
-
2014 Restructuring Program.