For the quarter ending 2026-03-31, MDLZ had -$564M decrease in cash & cash equivalents over the period. $155M in free cash flow.
| Cash Flow | 2026-03-31 | 2025-12-31 | 2025-09-30 | 2025-06-30 |
|---|---|---|---|---|
| Net earnings | 564 | 669 | 746 | 644 |
| Depreciation and amortization | 343 | 352 | 343 | 339 |
| Stock-based compensation expense | 29 | 30 | 19 | 47 |
| Deferred income tax provision/(benefit) | 8 | 174 | -89 | 27 |
| Asset impairments and accelerated depreciation | 4 | 30 | 46 | 5 |
| Gain on divestitures and acquisition | - | 13 | - | - |
| Gain on divestiture | 1 | - | - | - |
| Loss on equity method investment transactions | -3 | 0 | 0 | 0 |
| Equity method investment net earnings | 20 | 11 | 19 | 19 |
| Distributions from equity method investments | 43 | 0 | 1 | 0 |
| Unrealized loss on derivative contracts | -257 | -218 | -361 | -111 |
| Gain on marketable securities | - | 0 | - | - |
| Contingent consideration adjustments | 8 | 8 | -12 | 26 |
| Other non-cash items, net | 36 | -28 | -4 | -49 |
| Receivables, net | 728 | -525 | 628 | -915 |
| Inventories | -314 | -714 | 192 | 475 |
| Accounts payable | -320 | 14 | 18 | -399 |
| Other current assets | 1 | 195 | 138 | 88 |
| Other current liabilities | 83 | -123 | 222 | -1,067 |
| Change in pension and postretirement assets and liabilities, net | 67 | 7 | -11 | -245 |
| Net cash provided by operating activities | 467 | 2,397 | 717 | 308 |
| Capital expenditures | 312 | 398 | 299 | 305 |
| Acquisitions, net of cash received | 0 | 0 | 0 | 0 |
| Proceeds from divestitures | 1 | 123 | 0 | 0 |
| Proceeds from derivative settlements | 52 | 0 | 35 | 5 |
| Payments for derivative settlements | 179 | 0 | 110 | 55 |
| Proceeds from investments | -16 | -8 | -35 | -8 |
| Proceeds from sales of property, plant and equipment and other | 0 | 1 | 0 | 7 |
| Net cash used in investing activities | -422 | -266 | -339 | -340 |
| Issuances of commercial paper, maturities greater than 90 days | 586 | 0 | - | - |
| Repayments of commercial paper, maturities greater than 90 days | - | 0 | - | - |
| Net (repayment)/issuance of short-term borrowings | -368 | 40 | 980 | -252 |
| Long-term debt proceeds | - | 0 | 0 | 1,594 |
| Long-term debt repayments | 262 | 295 | 540 | 789 |
| Repurchases of common stock | 0 | 492 | 240 | 131 |
| Dividends paid | 644 | 645 | 609 | 610 |
| Other | 84 | -21 | -75 | 30 |
| Net cash used in financing activities | -604 | -1,413 | -484 | -158 |
| Effect of exchange rate changes on cash, cash equivalents and restricted cash | -5 | 11 | -15 | 152 |
| (decrease)/increase | -564 | 729 | -121 | -38 |
| Balance at beginning of period | 2,195 | 1,466 | 1,587 | 1,625 |
| Balance at end of period | 1,631 | 2,195 | 1,466 | 1,587 |
Mondelez International, Inc. (MDLZ)
Mondelez International, Inc. (MDLZ)