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

The primary purpose of this Form 8-K filing is to announce and provide access to Kraft Foods Inc.'s earnings press release for the fourth quarter and full year ended December 31, 2007. It officially incorporates the press release as an exhibit.

What are 'non-GAAP financial measures' and why does Kraft Foods use them?

Non-GAAP financial measures are financial metrics that exclude certain items from standard GAAP accounting. Kraft Foods uses them to present operating results, such as net earnings and EPS, excluding items like restructuring costs, asset impairments, and one-time gains/losses. Management believes these measures provide a clearer view of the company's ongoing operational performance and facilitate comparisons with prior periods.

Where can I find the actual financial results for Q4 and full-year 2007?

The actual financial results for the fourth quarter and full year ended December 31, 2007, are detailed in the press release furnished as Exhibit 99.1 to this Form 8-K filing. Investors will need to refer to that exhibit for specific figures and reconciliations between GAAP and non-GAAP measures.

Are the non-GAAP financial measures presented in this report reliable for investors?

Kraft Foods management believes its non-GAAP measures are useful for investors as they offer a way to facilitate comparisons and better identify business trends. However, the company explicitly states these measures have limitations, do not include all income and expenses, and should be viewed in addition to, not as an alternative to, GAAP results. Investors should also be aware that these non-GAAP measures may differ from those used by other companies.

MDLZ 8-K: Earnings & Results

Summary

This Form 8-K filing by Kraft Foods Inc. (the predecessor to Mondelez International, Inc.) on January 30, 2008, primarily serves to furnish a press release announcing the company's financial results for the fourth quarter and full year ended December 31, 2007. The report highlights the company's practice of reporting results on both a GAAP basis and on a non-GAAP basis, excluding certain items that management believes affect comparability. These excluded items include restructuring program costs, asset impairments, and gains/losses from business sales, among others. Management emphasizes that these non-GAAP measures, such as "organic net revenues," are used internally to monitor performance and are believed to provide investors with a better understanding of underlying business trends. Investors should note that the core of this filing is the earnings press release (Exhibit 99.1), which contains the actual financial performance data. The 8-K itself does not provide the specific numbers but rather directs stakeholders to the attached release. The company stresses that while non-GAAP measures offer additional insights, they should be considered alongside GAAP results and may not be comparable to similar measures used by other companies. The filing also confirms the company's principal executive offices and includes the signature of Timothy R. McLevish, Executive Vice President and Chief Financial Officer.

Key Highlights

1Kraft Foods Inc. filed a Form 8-K on January 30, 2008, to report its Q4 and full-year 2007 financial results via an accompanying press release (Exhibit 99.1).
2The company reports financial results using both Generally Accepted Accounting Principles (GAAP) and non-GAAP measures.
3Non-GAAP measures exclude items affecting comparability, such as restructuring program costs, asset impairments, and business sale gains/losses.
4Management uses non-GAAP measures like 'organic net revenues' to assess fundamental business performance and identify trends.
5The company believes non-GAAP measures enhance investor understanding of ongoing operational performance.
6Investors are cautioned that non-GAAP measures have limitations and should be reviewed in conjunction with GAAP results.
7Non-GAAP measures used by Kraft Foods may not be directly comparable to those of other companies.

Mondelez International, Inc. 8-K Report, Financial Results (Jan 30, 2008)

Summary

Key Highlights

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