Mondelez International, Inc. (MDLZ) quarterly cash flow statement — complete operating, investing & financing history
| Metric | Q1'26 | Q4'25 | Q3'25 | Q2'25 | Q1'25 | Q4'24 | Q3'24 | Q2'24 | Q1'24 | Q4'23 | Q3'23 | Q2'23 | Q1'23 | Q4'22 | Q3'22 | Q2'22 | Q1'22 | Q4'21 | Q3'21 | Q2'21 |
|---|
| Cash from Operations | 467M | 2.4B | 717M | 308M | 1.09B | 1.46B | 1.3B | 822M | 1.32B | 1.56B | 1.18B | 850M | 1.12B | 1.39B | 549M | 836M | 1.13B | 1.42B | 928M | 877M |
| Operating CF Margin % | 4.63% | 22.84% | 7.36% | 3.43% | 11.73% | 15.19% | 14.18% | 9.85% | 14.25% | 16.79% | 13.04% | 9.99% | 12.25% | 16.01% | 7.07% | 11.49% | 14.57% | 18.56% | 12.92% | 13.2% |
| Operating CF Growth % | -57.23% | 64.29% | -45.06% | -62.53% | -17.52% | -6.71% | 10.88% | -3.29% | 17.9% | 12.36% | 114.39% | 1.67% | -0.71% | -2.04% | -40.84% | -4.67% | 23.61% | -13.83% | 22.59% | -31.16% |
| Net Income | 564M | 665M | 746M | 644M | 407M | 1.75B | 856M | 601M | 1.41B | 950M | 988M | 941M | 2.09B | 584M | 533M | 748M | 861M | 1B | 1.26B | 1.08B |
| Depreciation & Amortization | 343M | 352M | 343M | 339M | 324M | 331M | 335M | 317M | 319M | 313M | 309M | 290M | 303M | 288M | 271M | 273M | 275M | 276M | 273M | 280M |
| Stock-Based Compensation | 29M | 0 | 19M | 47M | 18M | 35M | 43M | 38M | 31M | 37M | 34M | 37M | 38M | 32M | 32M | 32M | 24M | 33M | 25M | 38M |
| Deferred Taxes | 8M | 0 | -89M | 27M | -96M | 90M | -38M | -65M | 270M | -46M | -92M | -98M | 199M | -83M | 73M | 38M | -70M | 46M | 67M | 58M |
| Other Non-Cash Items | 657M | 452M | 405M | 120M | 765M | -1.19B | 541M | 576M | -371M | 57M | 70M | 13M | -1.23B | 162M | 86M | 95M | 175M | -338M | -287M | -462M |
| Working Capital Changes | -1.13B | 928M | -707M | -869M | -326M | 445M | -432M | -645M | -337M | 253M | -132M | -333M | -275M | 409M | -446M | -350M | -134M | 399M | -412M | -116M |
| Change in Receivables | -728M | 525M | -628M | 915M | -379M | 270M | -618M | 743M | -395M | -218M | -124M | 180M | -590M | -94M | -398M | 290M | -517M | 39M | -528M | 310M |
| Change in Inventory | 314M | 714M | -192M | -475M | -300M | 252M | -194M | -500M | -16M | 291M | -56M | -196M | -232M | 110M | -379M | -285M | -81M | 172M | -53M | -252M |
| Change in Payables | -320M | 14M | 18M | -399M | 222M | 731M | 593M | -61M | 419M | 246M | 80M | -278M | 216M | 383M | 149M | -214M | 397M | 282M | 238M | -101M |
| Cash from Investing | -422M | -266M | -339M | -340M | -251M | 1.7B | -323M | -401M | -446M | 1.03B | 536M | 614M | 636M | -1.48B | -2.41B | 442M | -1.44B | -132M | 326M | 470M |
| Capital Expenditures | -312M | -398M | -299M | -305M | -277M | -405M | -316M | -367M | -299M | -332M | -285M | -272M | -223M | -285M | -236M | -218M | -167M | -326M | -229M | -194M |
| CapEx % of Revenue | 3.1% | 3.79% | 3.07% | 3.39% | 2.97% | 4.22% | 3.43% | 4.4% | 3.22% | 3.56% | 3.16% | 3.2% | 2.43% | 3.28% | 3.04% | 3% | 2.15% | 4.26% | 3.19% | 2.92% |
| Acquisitions | 0 | 128M | 0 | 14M | -14M | 2.05B | 0 | 19M | 2M | 1.06B | 767M | 944M | 1.03B | -1.31B | -2.57B | 545M | -1.35B | 233M | 500M | 655M |
| Investments | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - |
| Other Investing | -126M | 0 | -75M | -79M | 40M | 0 | -45M | -6M | 39M | -768M | 54M | -58M | 1.03B | -585M | 392M | -414M | 12M | -39M | -445M | -989M |
| Cash from Financing | -604M | -1.41B | -484M | -158M | -704M | -3.22B | -954M | -381M | -1.22B | -2.48B | -1.53B | -1.78B | -1.76B | -159M | 2.22B | -1.24B | -1.28B | -1.1B | 257M | -1.45B |
| Debt Issued (Net) | -468M | -255M | 440M | 553M | 1.39B | -1.45B | -328M | 700M | -153M | -1.06B | -982M | -1.11B | -880M | 517M | 2.97B | -21M | -98M | -362M | 1.19B | -628M |
| Equity Issued (Net) | 0 | -492M | -240M | -131M | -1.52B | -1.15B | -113M | -506M | -568M | -888M | -63M | -197M | -399M | -179M | -332M | -755M | -751M | -286M | -326M | -452M |
| Dividends Paid | -644M | -645M | -609M | -610M | -623M | -627M | -571M | -573M | -578M | -579M | -526M | -526M | -529M | -528M | -480M | -486M | -491M | -489M | -441M | -443M |
| Share Repurchases | 0 | -492M | -240M | -131M | -1.52B | -1.15B | -113M | -506M | -568M | -888M | -63M | -197M | -399M | -179M | -332M | -755M | -751M | -286M | -326M | -452M |
| Other Financing | 508M | -21M | -75M | 30M | 53M | -3M | 58M | -2M | 76M | 39M | 36M | 47M | 51M | 31M | 57M | 26M | 60M | 39M | -167M | 76M |
| Net Change in Cash | -564M | 659M | -121M | -38M | 225M | -173M | 102M | 9M | -422M | 207M | 124M | -386M | -9M | -247M | 260M | -18M | -1.6B | 145M | 1.44B | -90M |
| Free Cash Flow | 155M | 2B | 418M | 3M | 815M | 1.05B | 989M | 455M | 1.02B | 1.23B | 892M | 578M | 900M | 1.11B | 313M | 618M | 964M | 1.09B | 699M | 683M |
| FCF Margin % | 1.54% | 19.05% | 4.29% | 0.03% | 8.75% | 10.97% | 10.75% | 5.45% | 11.03% | 13.23% | 9.88% | 6.79% | 9.82% | 12.73% | 4.03% | 8.5% | 12.42% | 14.3% | 9.73% | 10.28% |
| FCF Growth % | -80.98% | 89.66% | -57.74% | -99.34% | -20.49% | -14.45% | 10.87% | -21.28% | 13.89% | 11.29% | 184.98% | -6.47% | -6.64% | 1.1% | -55.22% | -9.52% | 37.91% | -22.67% | 22.2% | -34.52% |
| FCF per Share | 0.12 | 1.55 | 0.32 | 0.00 | 0.62 | 0.79 | 0.74 | 0.34 | 0.76 | 0.90 | 0.65 | 0.42 | 0.66 | 0.81 | 0.23 | 0.44 | 0.69 | 0.78 | 0.50 | 0.48 |
| FCF Conversion (FCF/Net Income) | 0.83x | 3.60x | 0.97x | 0.48x | 2.72x | 0.84x | 1.53x | 1.37x | 0.94x | 1.65x | 1.20x | 0.90x | 0.54x | 2.39x | 1.03x | 1.12x | 1.32x | 1.42x | 0.74x | 0.81x |
| Interest Paid | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| Taxes Paid | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |