Cash Flow Statement

The cash flow statement provides information about a company cash receipts and cash payments during an accounting period, showing how these cash flows link the ending cash balance to the beginning balance shown on the company balance sheet.

The cash flow statement consists of three parts: cash flows provided by (used in) operating activities, cash flows provided by (used in) investing activities, and cash flows provided by (used in) financing activities.

Mondelēz International Inc., consolidated cash flow statement

US$ in millions

12 months ended:	Dec 31, 2024	Dec 31, 2023	Dec 31, 2022	Dec 31, 2021	Dec 31, 2020
Net earnings	4,623)	4,968)	2,726)	4,314)	3,569)
Depreciation and amortization	1,302)	1,215)	1,107)	1,113)	1,116)
Stock-based compensation expense	147)	146)	120)	121)	126)
Deferred income tax provision (benefit)	257)	(37)	(42)	205)	(70)
Asset impairments and accelerated depreciation	267)	128)	233)	128)	136)
Gain on acquisition and divestitures	(4)	(108)	—)	(8)	—)
(Gain) loss on equity method investment transactions	337)	(465)	22)	(742)	(989)
Equity method investment net earnings	(175)	(160)	(385)	(393)	(421)
Distributions from equity method investments	115)	137)	184)	172)	246)
Unrealized (gain) loss on derivative contracts	(627)	(171)	338)	(267)	—)
Gain on marketable securities	—)	(593)	—)	—)	—)
Contingent consideration adjustments	(389)	125)	47)	—)	—)
Other non-cash items, net	26)	38)	71)	147)	428)
Receivables, net	(519)	(628)	(719)	(197)	59)
Inventories, net	(458)	(193)	(635)	(170)	(24)
Accounts payable	1,682)	264)	715)	702)	436)
Other current assets	(591)	(120)	(286)	(169)	(207)
Other current liabilities	(932)	354)	638)	(502)	(208)
Change in assets and liabilities, net of acquisitions and divestitures	(818)	(323)	(287)	(336)	56)
Change in pension and postretirement assets and liabilities, net	(151)	(186)	(226)	(313)	(233)
Adjustments to reconcile net earnings to operating cash flows	287)	(254)	1,182)	(173)	395)
Net cash provided by operating activities	4,910)	4,714)	3,908)	4,141)	3,964)
Capital expenditures	(1,387)	(1,112)	(906)	(965)	(863)
Acquisitions, net of cash received	(240)	19)	(5,286)	(833)	(1,136)
Proceeds from divestitures including equity method and marketable security investments	2,294)	4,099)	601)	1,539)	2,489)
Proceeds from derivative settlements	320)	177)	768)	105)	—)
Payments for derivative settlements	(199)	(81)	(86)	(56)	—)
Contributions to investments	(278)	(309)	(24)	(30)	—)
Proceeds from sale of property, plant and equipment and other	16)	19)	45)	214)	10)
Net cash (used in) provided by investing activities	526)	2,812)	(4,888)	(26)	500)
Issuances of commercial paper, maturities greater than 90 days	—)	67)	—)	—)	677)
Repayments of commercial paper, maturities greater than 90 days	—)	(67)	—)	—)	(1,174)
Net issuances (repayments) of short-term borrowings	(343)	(1,869)	1,914)	194)	(2,116)
Long-term debt proceeds	1,671)	277)	4,490)	5,921)	7,213)
Long-term debt repayments	(2,554)	(2,432)	(3,032)	(6,247)	(3,878)
Repurchases of Common Stock	(2,334)	(1,547)	(2,017)	(2,110)	(1,390)
Dividends paid	(2,349)	(2,160)	(1,985)	(1,826)	(1,678)
Other	129)	173)	174)	(1)	131)
Net cash used in financing activities	(5,780)	(7,558)	(456)	(4,069)	(2,215)
Effect of exchange rate changes on cash, cash equivalents and restricted cash	(140)	(32)	(169)	(143)	73)
Cash, cash equivalents and restricted cash, increase (decrease)	(484)	(64)	(1,605)	(97)	2,322)
Cash, cash equivalents and restricted cash, balance at beginning of period	1,884)	1,948)	3,553)	3,650)	1,328)
Cash, cash equivalents and restricted cash, balance at end of period	1,400)	1,884)	1,948)	3,553)	3,650)

Based on: 10-K (reporting date: 2024-12-31), 10-K (reporting date: 2023-12-31), 10-K (reporting date: 2022-12-31), 10-K (reporting date: 2021-12-31), 10-K (reporting date: 2020-12-31).

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Cash flow statement item	Description	The company
Net cash provided by operating activities	Amount of cash inflow (outflow) from operating activities, excluding discontinued operations. Operating activity cash flows include transactions, adjustments, and changes in value not defined as investing or financing activities.	Mondelēz International Inc. net cash provided by operating activities increased from 2022 to 2023 and from 2023 to 2024.
Net cash (used in) provided by investing activities	Amount of cash inflow (outflow) of investing activities, excluding discontinued operations. Investing activity cash flows include making and collecting loans and acquiring and disposing of debt or equity instruments and property, plant, and equipment and other productive assets.	Mondelēz International Inc. net cash (used in) provided by investing activities increased from 2022 to 2023 but then slightly decreased from 2023 to 2024.
Net cash used in financing activities	Amount of cash inflow (outflow) of financing activities, excluding discontinued operations. Financing activity cash flows include obtaining resources from owners and providing them with a return on, and a return of, their investment; borrowing money and repaying amounts borrowed, or settling the obligation; and obtaining and paying for other resources obtained from creditors on long-term credit.	Mondelēz International Inc. net cash used in financing activities decreased from 2022 to 2023 but then slightly increased from 2023 to 2024.

Mondelēz International Inc. (NASDAQ:MDLZ)

Cash Flow Statement