10-KPeriod: FY2021

Mondelez International, Inc. Annual Report, Year Ended Dec 31, 2021

Filed February 4, 2022For Securities:MDLZ

Summary

Mondelēz International's 2021 10-K filing highlights robust revenue growth and strategic execution, driven by strong brand performance and consumer-centric initiatives. The company reported net revenues of $28.7 billion, an increase driven by favorable volume/mix, higher net pricing, and positive currency translation. Despite facing inflationary pressures on raw materials, transportation, and labor, Mondelēz demonstrated resilience through price adjustments and cost management. The company's strategy remains focused on accelerating consumer-centric growth, driving operational excellence, and building a winning culture. Recent developments include the acquisition of Chipita S.A., which is expected to enhance its snacks portfolio. Mondelēz also continues to invest in innovation, sustainability, and digital capabilities to drive long-term value for shareholders.

Financial Highlights

54 data points
Beta

Revenue

$28.72B

39.2% Gross Margin

Net Income

$4.30B

15.0% Net Margin

EPS (Diluted)

$3.04

Total Assets

$67.09B

Cash & Equivalents

$3.55B

Free Cash Flow

$3.18B

Financial Statements
Beta
Revenue$28.72B
Cost of Revenue$17.47B
Gross Profit$11.25B
R&D Expenses$347.00M
SG&A Expenses$6.26B
Operating Income$4.65B
Interest Expense$365.00M
Net Income$4.30B
EPS (Basic)$3.06
EPS (Diluted)$3.04
Shares Outstanding (Basic)1.40B
Shares Outstanding (Diluted)1.41B

Key Highlights

  • 1Mondelēz International reported net revenues of $28.7 billion for the fiscal year ended December 31, 2021, an increase of 8.0% compared to 2020.
  • 2Organic Net Revenue grew by 5.2% to $28.0 billion, indicating strong underlying business performance.
  • 3The company experienced significant revenue growth in developed markets (+6.3%) and emerging markets (+11.4%), demonstrating broad-based demand.
  • 4Diluted EPS increased by 23.1% to $3.04, and Adjusted EPS grew by 12.1% to $2.87, showcasing improved profitability.
  • 5Mondelēz completed the acquisition of Chipita S.A. in January 2022, a strategic move to expand its snack offerings.
  • 6The company continues to focus on key strategic priorities: accelerating consumer-centric growth, driving operational excellence, and building a winning growth culture.
  • 7Mondelēz is committed to sustainability, setting a goal for net-zero greenhouse gas emissions across its full value chain by 2050.

Frequently Asked Questions

In 2021, Mondelēz International reported net revenues of $28.7 billion, an 8.0% increase from the previous year. Organic Net Revenue grew by 5.2% to $28.0 billion. Diluted Earnings Per Share (EPS) rose to $3.04, a 23.1% increase, and Adjusted EPS grew by 12.1% to $2.87, reflecting improved profitability and strong underlying business performance.

Mondelēz International's strategy remains focused on three core priorities: accelerating consumer-centric growth by investing in its brands and meeting evolving consumer needs; driving operational excellence through cost discipline and supply chain efficiencies; and building a winning growth culture by fostering agility and local consumer focus. The company has also actively managed inflationary pressures through pricing actions and cost control measures.

Key risks and challenges identified include the ongoing impact of the COVID-19 pandemic on supply chains and consumer demand, increased operating costs due to higher raw material, transportation, and labor expenses, and potential volatility in global markets. The company also faces risks related to competition, changing consumer preferences, regulatory environments, and cybersecurity threats.

Mondelēz International completed the acquisition of Chipita S.A. in January 2022 for approximately €1.7 billion ($1.9 billion). Chipita is a leading company in croissants and baked snacks, particularly in Central and Eastern European markets. This acquisition is viewed as a strategic complement to Mondelēz's existing portfolio, aimed at strengthening its position in broader snacking categories.