01—Abstract
Summary
Summary of the 10-K/A filed June 20, 2013. Cited figures are marked; the original filing is the authoritative source.
This filing is an amendment (10-K/A) to Mondelez International, Inc.'s 2012 Annual Report, primarily addressing a request for confidential treatment of certain exhibits and re-filing Exhibit 10.2.
For investors, the key takeaway is that this amendment does not introduce new financial performance data or operational updates for the fiscal year ended December 31, 2012. It is a procedural filing related to exhibit management and regulatory compliance, including updated executive certifications. Therefore, investors should refer to the original 10-K filing for the comprehensive financial and operational details of Mondelez International for the 2012 fiscal year.
02—Key points
Key Highlights
- This is an Amendment No. 1 to the original Form 10-K for the fiscal year ended December 31, 2012.
- The amendment's primary purpose is to re-file Exhibit 10.2 and amend Part IV, Item 15(b) of the original filing.
- This filing is in response to comments from the SEC regarding the confidential treatment of certain portions of Exhibit 10.2.
- New certifications from the principal executive and financial officers are included as required by Rule 12b-15.
- The amendment explicitly states that it does not reflect events after the original filing date and does not modify or update any disclosures from the original 10-K.
- Key agreements related to the separation from Kraft Foods Group, Inc. (e.g., Separation and Distribution Agreement, Tax Sharing and Indemnity Agreement) are listed as exhibits, indicating the post-spin-off corporate structure.
- Indicates Mondelez International is a large accelerated filer with a significant market capitalization as of June 30, 2012.
03—One dollar
Follow one dollar
Of each $1.00 of revenue in FY2012, Mondelez International, Inc. kept $0.09.
- Revenue$35.02B100.0%
- Cost of revenue−$21.94B62.7%
- Gross profit$13.08B37.3%
- Operating costs−$9.44B27.0%
- Operating income$3.64B10.4%
- Interest, other & tax−$570.0M1.6%
- Net income$3.07B8.8%
Where FY2012 revenue went
$35.02B- Cost of revenue: $21.94B, 63% of revenue
- SG&A: $9.18B, 26% of revenue
- Net income: $3.07B, 8.8% of revenue
- R&D: $462.0M, 1.3% of revenue
- Interest, other & tax: $570.0M, 1.6% of revenue
Kept 8.8% as net income
Full revenue history →04—Financials
Financial Highlights
Figures from 10-K/AFY2012filed June 20, 2013Financial Statements
FY2012 against FY2011
| Line item | FY2012FY2011 | Change |
|---|---|---|
| Revenue | $35.02B$35.81B | −2.2% |
| Cost of Revenue | $21.94B$22.71B | −3.4% |
| Gross Profit | $13.08B$13.10B | −0.2% |
| R&D Expenses | $462.00M$511.00M | −9.6% |
| SG&A Expenses | $9.18B$9.38B | −2.2% |
| Operating Income | $3.64B$3.50B | +4.0% |
| Interest Expense | $1.18B-$1.38B | +185.1% |
| Net Income | $3.07B$3.55B | −13.7% |
| EPS (Basic) | $1.73$2.01 | −13.9% |
| EPS (Diluted) | $1.71$2.01 | −14.9% |
| Shares Outstanding (Basic) | 1.78B1.76B | +0.7% |
| Shares Outstanding (Diluted) | 1.79B1.77B | +1.0% |
05—Questions
Frequently Asked Questions
What is the main reason for this Amendment No. 1 filing?
This Amendment No. 1 is primarily a procedural filing to address confidential treatment requests for portions of Exhibit 10.2 and to re-file that exhibit. It also includes amendments to Part IV, Item 15(b) and new certifications from the company's principal officers, as required by SEC regulations.
Does this filing provide any new financial performance data for the fiscal year ended December 31, 2012?
No, this amendment explicitly states that it does not reflect events after the original filing date and does not modify or update any disclosures from the original Form 10-K. Investors should refer to the initial 10-K filing for the detailed financial performance of Mondelez International for the 2012 fiscal year.
What is the significance of Exhibit 10.2 being re-filed with confidential treatment considerations?
Exhibit 10.2, identified as a Master Professional Services Agreement with HP Enterprise Services, L.L.C., has had certain portions requested for confidential treatment by the SEC. This amendment ensures compliance with regulatory requirements regarding the public availability of such agreements while maintaining the company's ability to protect proprietary information.
What does it mean that Mondelez is a 'large accelerated filer'?
Being a 'large accelerated filer' means Mondelez International meets specific SEC criteria regarding market capitalization and reporting history. This classification generally indicates a well-established, large public company with significant public float, subject to more rigorous reporting and disclosure requirements.
06—Continue