Mondelez International, Inc. Files 10-Q for Period Ending March 31, 2024
Ticker: MDLZ · Form: 10-Q · Filed: Apr 30, 2024 · CIK: 1103982
Sentiment: neutral
Topics: Mondelez, MDLZ, 10-Q, Quarterly Report, Financials
TL;DR
<b>Mondelez International, Inc. has filed its quarterly report (10-Q) for the period ending March 31, 2024, detailing its financial performance and position.</b>
AI Summary
Mondelez International, Inc. (MDLZ) filed a Quarterly Report (10-Q) with the SEC on April 30, 2024. Mondelez International, Inc. filed a 10-Q report for the period ending March 31, 2024. The filing covers the first quarter of fiscal year 2024. The company's fiscal year ends on December 31st. Mondelez International, Inc. is incorporated in Illinois. The company's principal business address is 905 West Fulton Market, Suite 200, Chicago, IL 60607.
Why It Matters
For investors and stakeholders tracking Mondelez International, Inc., this filing contains several important signals. This 10-Q filing provides investors with the latest financial data for Mondelez International, Inc., crucial for assessing its performance in the first quarter of 2024. Understanding the details within this report allows stakeholders to evaluate the company's financial health, operational efficiency, and potential risks and opportunities moving forward.
Risk Assessment
Risk Level: low — Mondelez International, Inc. shows low risk based on this filing. The filing is a standard 10-Q, which is a routine quarterly report and does not inherently contain new, significant risks beyond those typically associated with a large, publicly traded company in the food industry.
Analyst Insight
Review the detailed financial statements and management's discussion and analysis within the 10-Q to understand the company's performance drivers and outlook.
Key Numbers
- 2024-03-31 — Reporting Period End Date (Conformed period of report)
- 2024-04-30 — Filing Date (Filed as of date)
- 2024 Q1 — Fiscal Quarter (Indicates the filing covers the first quarter of 2024)
- 12/31 — Fiscal Year End (Company's fiscal year end date)
Key Players & Entities
- Mondelez International, Inc. (company) — Filer name
- 2024-03-31 (date) — Conformed period of report
- 2024-04-30 (date) — Filed as of date
- Chicago, IL (location) — Business address city and state
- 905 West Fulton Market (address) — Business address street
- Kraft Foods Inc (company) — Former company name
FAQ
When did Mondelez International, Inc. file this 10-Q?
Mondelez International, Inc. filed this Quarterly Report (10-Q) with the SEC on April 30, 2024.
What is a 10-Q filing?
A 10-Q is a quarterly financial report with unaudited financials, management discussion, and interim business updates. This particular 10-Q was filed by Mondelez International, Inc. (MDLZ).
Where can I read the original 10-Q filing from Mondelez International, Inc.?
You can access the original filing directly on the SEC's EDGAR system. The filing is publicly available and includes all exhibits and attachments submitted by Mondelez International, Inc..
What are the key takeaways from Mondelez International, Inc.'s 10-Q?
Mondelez International, Inc. filed this 10-Q on April 30, 2024. Key takeaways: Mondelez International, Inc. filed a 10-Q report for the period ending March 31, 2024.. The filing covers the first quarter of fiscal year 2024.. The company's fiscal year ends on December 31st..
Is Mondelez International, Inc. a risky investment based on this filing?
Based on this 10-Q, Mondelez International, Inc. presents a relatively low-risk profile. The filing is a standard 10-Q, which is a routine quarterly report and does not inherently contain new, significant risks beyond those typically associated with a large, publicly traded company in the food industry.
What should investors do after reading Mondelez International, Inc.'s 10-Q?
Review the detailed financial statements and management's discussion and analysis within the 10-Q to understand the company's performance drivers and outlook. The overall sentiment from this filing is neutral.
How does Mondelez International, Inc. compare to its industry peers?
Mondelez International operates in the food and kindred products industry, a sector characterized by consumer staples and global supply chains.
Are there regulatory concerns for Mondelez International, Inc.?
The filing is made under the Securities Exchange Act of 1934, requiring public companies to submit regular financial reports to the SEC.
Industry Context
Mondelez International operates in the food and kindred products industry, a sector characterized by consumer staples and global supply chains.
Regulatory Implications
The filing is made under the Securities Exchange Act of 1934, requiring public companies to submit regular financial reports to the SEC.
What Investors Should Do
- Analyze the financial statements for revenue, net income, and cash flow for Q1 2024.
- Review management's discussion and analysis (MD&A) for insights into operational performance and strategic initiatives.
- Examine any disclosed risk factors or legal proceedings that may impact the company's future performance.
Key Dates
- 2024-03-31: Quarterly Period End — End of the reporting period for the 10-Q filing.
- 2024-04-30: Filing Date — Date the 10-Q was officially filed with the SEC.
Year-Over-Year Comparison
This is the initial 10-Q filing for the fiscal year 2024, following the 2023 annual report (10-K).
Filing Stats: 4,754 words · 19 min read · ~16 pages · Grade level 14.5 · Accepted 2024-04-30 17:17:38
Filing Documents
- mdlz-20240331.htm (10-Q) — 1674KB
- ex311_33124.htm (EX-31.1) — 9KB
- ex312_33124.htm (EX-31.2) — 9KB
- ex321_33124.htm (EX-32.1) — 7KB
- ex102_33124.htm (EX-10.2) — 360KB
- ex103_33124.htm (EX-10.3) — 351KB
- ex104_33124.htm (EX-10.4) — 352KB
- mdlz-20240331_g1.jpg (GRAPHIC) — 39KB
- mdlz-20240331_g2.jpg (GRAPHIC) — 35KB
- 0001103982-24-000055.txt ( ) — 11514KB
- mdlz-20240331.xsd (EX-101.SCH) — 67KB
- mdlz-20240331_cal.xml (EX-101.CAL) — 89KB
- mdlz-20240331_def.xml (EX-101.DEF) — 399KB
- mdlz-20240331_lab.xml (EX-101.LAB) — 816KB
- mdlz-20240331_pre.xml (EX-101.PRE) — 619KB
- mdlz-20240331_htm.xml (XML) — 1701KB
Financial Statements (Unaudited)
Item 1. Financial Statements (Unaudited) Condensed Consolidated Statements of Earning s for the Three Months Ended March 31, 2024 and 2023 1 Condensed Consolidated Statements of Comprehensive Earnings for the Three Months Ended March 31, 2024 and 2023 2 Condensed Consolidated Balance Sheets at March 31, 2024 and December 31, 2023 3 Condensed Consolidated Statements of Equity for the Three Months Ended March 31, 2024 and 2023 4 Condensed Consolidated Statements of Cash Flows for the Three Months Ended March 31, 2024 and 2023 5 Notes to Condensed Consolidated Financial Statements 6
Management's Discussion and Analysis of Financial Condition and Results of Operations
Item 2. Management's Discussion and Analysis of Financial Condition and Results of Operations 27
Quantitative and Qualitative Disclosures about Market Risk
Item 3. Quantitative and Qualitative Disclosures about Market Risk 46
Controls and Procedures
Item 4. Controls and Procedures 46 PART II OTHER INFORMATION
Legal Proceedings
Item 1. Legal Proceedings 47
Risk Factors
Item 1A. Risk Factors 47
Unregistered Sales of Equity Securities and Use of Proceeds
Item 2. Unregistered Sales of Equity Securities and Use of Proceeds 47
Other Information
Item 5. Other Information 47
Exhibits
Item 6. Exhibits 48 Signature 49 In this report, for all periods presented, "we," "us," "our," "the Company" and "Mondelz International" refer to Mondelz International, Inc. and subsidiaries. References to "Common Stock" refer to our Class A Common Stock. Table of Contents
– FINANCIAL INFORMATION
PART I – FINANCIAL INFORMATION
Financial Statements
Item 1. Financial Statements Mondelz International, Inc. and Subsidiaries Condensed Consolidated Statements of Earnings (in millions of U.S. dollars, except per share data) (Unaudited) For the Three Months Ended March 31, 2024 2023 Net revenues $ 9,290 $ 9,166 Cost of sales ( 4,540 ) ( 5,720 ) Gross profit 4,750 3,446 Selling, general and administrative expenses ( 1,938 ) ( 1,855 ) Asset impairment and exit costs ( 47 ) ( 47 ) Amortization of intangible assets ( 38 ) ( 39 ) Operating income 2,727 1,505 Benefit plan non-service income 23 19 Interest and other expense, net ( 68 ) ( 95 ) Gain on marketable securities — 796 Earnings before income taxes 2,682 2,225 Income tax provision ( 632 ) ( 658 ) (Loss)/gain on equity method investment transactions including impairments ( 665 ) 487 Equity method investment net earnings 31 35 Net earnings 1,416 2,089 less: Noncontrolling interest earnings ( 4 ) ( 8 ) Net earnings attributable to Mondelz International $ 1,412 $ 2,081 Per share data: Basic earnings per share attributable to Mondelz International $ 1.05 $ 1.52 Diluted earnings per share attributable to Mondelz International $ 1.04 $ 1.52 See accompanying notes to the condensed consolidated financial statements. 1 Table of Contents Mondelz International, Inc. and Subsidiaries Condensed Consolidated Statements of Comprehensive Earnings (in millions of U.S. dollars) (Unaudited) For the Three Months Ended March 31, 2024 2023 Net earnings $ 1,416 $ 2,089 Other comprehensive earnings/(losses), net of tax: Currency translation adjustment ( 222 ) 151 Pension and other benefit plans 38 ( 6 ) Derivative cash flow hedges ( 8 ) ( 10 ) Total other comprehensive earnings/(losses) ( 192 ) 135 Comprehensive earnings/(losses) 1,224 2,224 less: Comprehensive earnings/(losses) attributable to noncontrolling interests ( 2 ) 10 Comprehensive earnings/(losses) attributable to Mondelz International $ 1,226 $ 2,214 See accompanying