Mondelez International, Inc. Annual Report (Amendment), Year Ended Dec 31, 2007

Mondelez International, Inc. (MDLZ), formerly Kraft Foods Inc., filed an amendment to its 2007 annual report on Form 10-K. The company reported strong net revenue growth of 8.4% to $37.2 billion in 2007. However, diluted Earnings Per Share (EPS) saw a decline of 12.4% to $1.62, impacted by significant restructuring charges and other one-time expenses. A major event during the year was the acquisition of Groupe Danone S.A.'s global biscuit business for approximately $7.6 billion, which is expected to enhance its international presence. Concurrently, the company announced an agreement to merge its Post cereals business with Ralcorp Holdings, Inc., a transaction anticipated to close in mid-2008. The company also continued its share repurchase program, demonstrating a commitment to returning capital to shareholders. Investors should note the significant increase in commodity costs, particularly for dairy, coffee, and grains, which impacted operating income despite higher pricing actions. The company's strategy focuses on organizational restructuring, category reframing, sales capability enhancement, and cost reduction, with a plan to realize substantial savings from ongoing restructuring programs. Overall, the company navigated a complex year with strategic acquisitions and divestitures, while facing input cost pressures.