Mondelez International, Inc. (MDLZ) [Rocket]

In millions, except per share items	Dec-31-22	Dec-31-21	Dec-31-20	Dec-31-19	Dec-31-18	Dec-31-17	Dec-31-16	Dec-31-15
	10-K	10-K	10-K	10-K	10-K	10-K	10-K	10-K
Revenues:
Europe	11,420	11,156	10,207	9,972	10,122	9,794	9,755	11,672
North America	9,680	8,302	8,157	7,108	6,885	6,797	6,960	6,974
Latin America	3,629	2,797	2,477	3,018	3,202	3,566	3,392	4,988
Other	6,767	6,465	5,740	5,770	5,729	5,739	5,816	6,002
Total revenues	31,496	28,720	26,581	25,868	25,938	25,896	25,923	29,636
Revenue growth [+]	9.7%	8.0%	2.8%	-0.3%	0.2%	-0.1%	-12.5%	-13.5%
Europe	2.4%	9.3%	2.4%	-1.5%	3.3%	0.4%	-16.4%	-26.1%
North America	16.6%	1.8%	14.8%	3.2%	1.3%	-2.3%	-0.2%	0.5%
Latin America	29.7%	12.9%	-17.9%	-5.7%	-10.2%	5.1%	-32.0%	-3.2%
Cost of goods sold	20,184	17,466	16,135	15,531	15,586	15,862	15,819	18,124
Gross profit	11,312	11,254	10,446	10,337	10,352	10,034	10,104	11,512
Gross margin	35.9%	39.2%	39.3%	40.0%	39.9%	38.7%	39.0%	38.8%
Selling, general and administrative	7,384	6,263	6,098	6,136	6,475	5,938	6,546	7,577
Equity in earnings	385	393	421	501	484	344	262
Other operating expenses	132	126	194	130	176	178	176	181
EBITDA [+]	5,288	6,371	5,691	5,619	4,996	5,078	4,467	4,648
EBITDA growth	-17.0%	11.9%	1.3%	12.5%	-1.6%	13.7%	-3.9%	-6.9%
EBITDA margin	16.8%	22.2%	21.4%	21.7%	19.3%	19.6%	17.2%	15.7%
Depreciation and amortization	975	979	922	873	635	638	647	713
EBITA	4,313	5,392	4,769	4,746	4,361	4,440	3,820	3,935
EBITA margin	13.7%	18.8%	17.9%	18.3%	16.8%	17.1%	14.7%	13.3%
Amortization of intangibles	132	134	194	174	176	178	176	181
EBIT [+]	4,181	5,258	4,575	4,572	4,185	4,262	3,644	3,754
EBIT growth	-20.5%	14.9%	0.1%	9.2%	-1.8%	17.0%	-2.9%	-4.6%
EBIT margin	13.3%	18.3%	17.2%	17.7%	16.1%	16.5%	14.1%	12.7%
Non-recurring items [+]	262	212	301	228	389	456	828	-5,143
Asset impairment	262	212	301	228	389	642	837	901
Loss (gain) on sale of business						-186	-9	-6,822
Unusual expense								778
Interest expense
Interest expense	428	365	423	484	462	396	515	609
Other income (expense), net	-263	-312	-468	-413	-492	-286	-847	-404
Pre-tax income	3,228	4,369	3,383	3,447	2,842	3,124	1,454	7,884
Income taxes	-865	-1,190	-1,224	-2	-773	-666	-114	593
Tax rate								7.5%
Minority interest	9	14	14	15	14	14	10	24
Net income	2,717	4,300	3,555	3,929	3,317	2,828	1,635	7,267
Net margin	8.6%	15.0%	13.4%	15.2%	12.8%	10.9%	6.3%	24.5%

Basic EPS [+]	$1.97	$3.06	$2.48	$2.72	$2.25	$1.87	$1.05	$4.49
Growth	-35.7%	23.4%	-8.6%	20.7%	20.6%	77.9%	-76.6%	247.8%
Diluted EPS [+]	$1.96	$3.04	$2.47	$2.69	$2.23	$1.85	$1.04	$4.44
Growth	-35.5%	23.4%	-8.5%	20.7%	20.8%	77.7%	-76.6%	247.4%

Dividends per share [+]	$1.44	$1.30	$1.17	$1.07	$0.92	$0.79	$0.70	$0.64
Growth	10.7%	11.0%	9.9%	15.6%	16.6%	12.6%	9.9%	10.3%

Shares outstanding (basic) [+]	1,378	1,403	1,431	1,445	1,472	1,513	1,556	1,618
Growth	-1.8%	-2.0%	-1.0%	-1.8%	-2.7%	-2.8%	-3.8%	-4.3%
Shares outstanding (diluted) [+]	1,385	1,413	1,441	1,458	1,486	1,531	1,573	1,637
Growth	-2.0%	-1.9%	-1.2%	-1.9%	-2.9%	-2.7%	-3.9%	-4.2%

EBIT is a non-GAAP figure that excludes all non-recurring expenses: restructuring costs, asset impairments, IPR&D writeoffs, and other unusual charges.