Mondelez International Files Q2 2024 10-Q
Ticker: MDLZ · Form: 10-Q · Filed: Jul 30, 2024 · CIK: 1103982
Sentiment: neutral
Topics: 10-Q, financials, debt
TL;DR
MDLZ Q2 2024 10-Q is in: check financials and debt details.
AI Summary
Mondelez International, Inc. filed its 10-Q for the period ending June 30, 2024. The company reported its financial performance for the second quarter of 2024, detailing revenues, expenses, and net income. The filing also includes information on the company's debt obligations and other financial commitments.
Why It Matters
This filing provides investors and analysts with the latest financial performance data for Mondelez International, crucial for understanding the company's current health and future prospects.
Risk Assessment
Risk Level: medium — The filing contains detailed financial information, including debt, which can indicate financial health and potential risks.
Key Numbers
- 2024 Q2 — Reporting Period (Financials for the second quarter of 2024 are detailed.)
- 2024-01-01 to 2024-06-30 — Fiscal Year to Date (Covers the first six months of the fiscal year.)
- 2023-04-01 to 2023-06-30 — Prior Year Q2 (For comparison with the current year's second quarter.)
Key Players & Entities
- Mondelez International, Inc. (company) — Filer of the 10-Q
- 20240630 (date) — End of the reporting period
- 20240730 (date) — Filing date
- 905 WEST FULTON MARKET (address) — Company's business and mailing address
- CHICAGO (location) — City of company's address
- IL (location) — State of company's address
- 60607 (zip_code) — Zip code of company's address
- 847-943-4000 (phone_number) — Company's business phone number
FAQ
What is the reporting period for this 10-Q filing?
The reporting period for this 10-Q filing is the quarter ended June 30, 2024.
When was this 10-Q filed with the SEC?
This 10-Q was filed on July 30, 2024.
What is Mondelez International's primary business address?
Mondelez International's primary business address is 905 WEST FULTON MARKET, SUITE 200, CHICAGO, IL 60607.
What fiscal year end does Mondelez International have?
Mondelez International's fiscal year ends on December 31.
What specific debt instruments are mentioned in the filing for the period?
The filing mentions various notes including One Point Six Twenty Five Percent Notes Due 2027, Zero Point Two Fifty Percent Notes Due 2028, Zero Point Seven Fifty Percent Notes Due 2033, Two Point Three Seventy Five Percent Notes Due 2035, Four Point Five Percent Notes Due 2035, One Point Three Seventy Five Percent Notes Due 2041, and Three Point Eight Seventy Five Percent Notes Due 2045.
Filing Stats: 4,941 words · 20 min read · ~16 pages · Grade level 15.3 · Accepted 2024-07-30 16:13:55
Filing Documents
- mdlz-20240630.htm (10-Q) — 2284KB
- ex101_63024.htm (EX-10.1) — 16KB
- ex102_63024.htm (EX-10.2) — 90KB
- ex103_63024.htm (EX-10.3) — 364KB
- ex104_63024.htm (EX-10.4) — 359KB
- ex105_63024.htm (EX-10.5) — 343KB
- ex106_63024.htm (EX-10.6) — 339KB
- ex107_63024.htm (EX-10.7) — 341KB
- ex108_63024.htm (EX-10.8) — 340KB
- ex109_63024.htm (EX-10.9) — 130KB
- ex311_63024.htm (EX-31.1) — 9KB
- ex312_63024.htm (EX-31.2) — 9KB
- ex321_63024.htm (EX-32.1) — 7KB
- mdlz-20240630_g1.jpg (GRAPHIC) — 39KB
- mdlz-20240630_g2.jpg (GRAPHIC) — 35KB
- 0001103982-24-000092.txt ( ) — 14689KB
- mdlz-20240630.xsd (EX-101.SCH) — 66KB
- mdlz-20240630_cal.xml (EX-101.CAL) — 91KB
- mdlz-20240630_def.xml (EX-101.DEF) — 418KB
- mdlz-20240630_lab.xml (EX-101.LAB) — 840KB
- mdlz-20240630_pre.xml (EX-101.PRE) — 633KB
- mdlz-20240630_htm.xml (XML) — 2153KB
Financial Statements (Unaudited)
Item 1. Financial Statements (Unaudited) Condensed Consolidated Statements of Earnings for the Three and Six Months Ended June 30, 2024 and 2023 1 Condensed Consolidated Statements of Comprehensive Earnings for the Three and Six Months Ended June 30, 2024 and 2023 2 Condensed Consolidated Balance Sheets at June 30, 2024 and December 31, 2023 3 Condensed Consolidated Statements of Equity for the Three and Six Months Ended June 30, 2024 and 2023 4 Condensed Consolidated Statements of Cash Flows for the Six Months Ended June 30, 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 29
Quantitative and Qualitative Disclosures about Market Risk
Item 3. Quantitative and Qualitative Disclosures about Market Risk 54
Controls and Procedures
Item 4. Controls and Procedures 54 PART II OTHER INFORMATION
Legal Proceedings
Item 1. Legal Proceedings 55
Risk Factors
Item 1A. Risk Factors 55
Unregistered Sales of Equity Securities and Use of Proceeds
Item 2. Unregistered Sales of Equity Securities and Use of Proceeds 55
Other Information
Item 5. Other Information 55
Exhibits
Item 6. Exhibits 56 Signature 57 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 June 30, For the Six Months Ended June 30, 2024 2023 2024 2023 Net revenues $ 8,343 $ 8,507 $ 17,633 $ 17,673 Cost of sales ( 5,546 ) ( 5,153 ) ( 10,086 ) ( 10,873 ) Gross profit 2,797 3,354 7,547 6,800 Selling, general and administrative expenses ( 1,891 ) ( 1,869 ) ( 3,829 ) ( 3,724 ) Asset impairment and exit costs ( 15 ) ( 23 ) ( 62 ) ( 70 ) Amortization of intangible assets ( 37 ) ( 37 ) ( 75 ) ( 76 ) Operating income 854 1,425 3,581 2,930 Benefit plan non-service income 28 22 51 41 Interest and other expense, net ( 32 ) ( 97 ) ( 100 ) ( 192 ) (Loss)/gain on marketable securities — ( 189 ) — 607 Earnings before income taxes 850 1,161 3,532 3,386 Income tax provision ( 295 ) ( 268 ) ( 927 ) ( 926 ) (Loss)/gain on equity method investment transactions including impairments — ( 23 ) ( 665 ) 464 Equity method investment net earnings 48 71 79 106 Net earnings 603 941 2,019 3,030 less: Noncontrolling interest earnings ( 2 ) 3 ( 6 ) ( 5 ) Net earnings attributable to Mondelz International $ 601 $ 944 $ 2,013 $ 3,025 Per share data: Basic earnings per share attributable to Mondelz International $ 0.45 $ 0.69 $ 1.50 $ 2.22 Diluted earnings per share attributable to Mondelz International $ 0.45 $ 0.69 $ 1.49 $ 2.20 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 June 30, For the Six Months Ended June 30, 2024 2023 2024 2023 Net earnings $ 603 $ 941 $ 2,019 $ 3,030 Other comprehensive earnings/(losses), net of tax: Currency translation adjustment ( 389 ) 146 ( 611 ) 297 Pension and other benefit