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

The main purpose of this 8-K filing by Kraft Foods Inc. is to officially announce and provide access to the company's earnings press release for the fourth quarter and full year ended December 31, 2009.

What non-GAAP financial measures does Kraft Foods use, and why?

Kraft Foods uses 'organic net revenues' and 'free cash flow.' Organic net revenues exclude acquisitions, divestitures, and currency impacts to better reflect ongoing business performance and comparability. Free cash flow (cash flow from operations minus capital expenditures) is used as a primary metric to assess operational cash generation and financial health.

How does Kraft Foods define 'segment operating income' for its reporting?

Segment operating income, as used by Kraft Foods' management, excludes items like unrealized hedging gains/losses and certain U.S. pension plan costs. This methodology is intended to provide investors with a clearer view of segment-specific performance and trends.

Where can I find the actual financial results mentioned in this filing?

The detailed financial results are contained within the press release furnished as Exhibit 99.1 to this Form 8-K. Investors should refer to that document for specific figures related to revenue, income, and cash flow for the periods reported.

MDLZ 8-K: Earnings & Results

Summary

This Form 8-K filing from Kraft Foods Inc. (precursor to Mondelez International) on February 16, 2010, primarily announces the company's financial results for the fourth quarter and full year ended December 31, 2009. The report details that the company is furnishing its earnings press release (Exhibit 99.1) which contains these financial updates. Investors should note that Kraft Foods is presenting its results using certain non-GAAP financial measures, including organic net revenues and free cash flow, which management believes provide a clearer view of ongoing operational performance by excluding the impacts of currency fluctuations, acquisitions, and divestitures. Additionally, the filing outlines the company's internal reporting methodology, specifically how 'segment operating income' is calculated. This includes excluding items such as unrealized hedging gains/losses and certain pension plan costs to offer better transparency into segment performance and trends. While this 8-K itself doesn't contain the detailed financial statements, it serves as the official notification and filing of the earnings release where these figures are presented.

Key Highlights

1Kraft Foods Inc. (precursor to Mondelez International) filed an 8-K on February 16, 2010, reporting Q4 and Full Year 2009 earnings.
2The core of the filing is the furnishing of a press release (Exhibit 99.1) containing the earnings announcement.
3The company utilizes non-GAAP financial measures like 'organic net revenues' and 'free cash flow' for reporting.
4Organic net revenues exclude the impact of acquisitions, divestitures, and currency fluctuations to show ongoing performance.
5Free cash flow is defined as cash flow from operations less capital expenditures, used to assess financial health.
6The filing explains the calculation of 'segment operating income,' which excludes specific items to enhance segment performance analysis.
7Management believes these non-GAAP measures provide improved comparability and a better reflection of the company's operational performance.

Mondelez International, Inc. 8-K Report, Financial Results (Feb 16, 2010)

Summary

Key Highlights

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