What is the primary purpose of this 8-K filing?

The primary purpose of this 8-K filing is to report Kraft Foods Inc.'s (now Mondelez International) third-quarter 2007 earnings results and to provide investors with supplemental financial information through an attached press release.

What are the 'non-GAAP' financial measures mentioned in the report?

Non-GAAP financial measures are those that exclude certain items from the standard GAAP financial statements. In this report, these exclusions primarily relate to costs associated with a major restructuring program initiated in 2004, such as asset impairment, exit, and implementation costs. Other excluded items can include gains/losses on business sales and specific tax-related items.

Why does the company present non-GAAP financial measures?

Management believes that non-GAAP financial measures, such as adjusted operating income and organic net revenues, offer additional insights by removing the impact of certain non-recurring or specific items, allowing for better comparison of current results with historical performance and a clearer view of ongoing business trends.

What is 'organic net revenues' and why is it important?

Organic net revenues is a non-GAAP measure defined as net revenues excluding the impacts of acquisitions, divestitures, and currency fluctuations. Management uses this metric to better reflect the underlying performance of the business on a go-forward basis and to improve comparability of results over time.

MDLZ 8-K: Earnings & Results

Summary

Mondelez International, Inc. (operating as Kraft Foods Inc. at the time of this filing) filed this Form 8-K on October 31, 2007, to report its third-quarter financial results for the period ending September 30, 2007. The report highlights that the company is presenting both GAAP and non-GAAP financial measures. Non-GAAP measures, such as operating income and earnings per share, exclude items like asset impairment, exit, and implementation costs related to a significant restructuring program initiated in 2004. The company also emphasizes its use of "organic net revenues" as a key performance indicator, which excludes the impact of acquisitions, divestitures, and currency fluctuations, to provide a clearer view of ongoing business performance and trends. Investors should note that management believes these non-GAAP measures offer valuable insights for comparing current performance to historical results and understanding operational trends. However, the filing also explicitly states that these measures have limitations and should be considered alongside, not as a replacement for, GAAP financial results. The press release containing these detailed financial results and reconciliations is provided as an exhibit to this 8-K filing.

Key Highlights

1Kraft Foods Inc. reported its third-quarter 2007 financial results on October 31, 2007.
2The company is using both Generally Accepted Accounting Principles (GAAP) and non-GAAP financial measures.
3Non-GAAP measures exclude certain items, primarily related to a 2004 restructuring program, including asset impairment, exit, and implementation costs.
4Management believes non-GAAP measures provide better comparability and insight into operational trends.
5Organic net revenues, excluding acquisitions, divestitures, and currency impacts, is highlighted as a key performance indicator.
6The press release with detailed financial data and reconciliations is furnished as an exhibit.
7The filing emphasizes that non-GAAP measures have limitations and should be used in conjunction with GAAP results.

Mondelez International, Inc. 8-K Report, Financial Results (Oct 31, 2007)

Summary

Key Highlights

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