| Dec'19 | Dec'18 | Dec'17 | Dec'16 | Dec'15 | Dec'14 | Dec'13 | Dec'12 |
|---|---|---|---|---|---|---|---|
CASH FLOWS FROM OPERATING ACTIVITIES: | |||||||
Net income/(loss) | |||||||
1,933 | -10,254 | 10,932 | 3,606 | 647 | 672 | -72 | 1,642 |
Adjustments to reconcile net income/(loss) to operating cash flows: | |||||||
Depreciation and amortization | |||||||
994 | 983 | 1,031 | 1,337 | 740 | 530 | 280 | 428 |
Amortization of postretirement benefit plans prior service costs/(credits) | |||||||
-306 | -339 | -328 | -347 | -112 | -6 | 0 | - |
Amortization of inventory step-up | |||||||
- | - | - | - | 347 | 0 | - | - |
Business combination, inventory fair value adjustment | |||||||
- | - | - | - | - | - | 383 | - |
Equity award compensation expense | |||||||
46 | 33 | 46 | 46 | 133 | 8 | 1 | 54 |
Deferred income tax provision/(benefit) | |||||||
-293 | -1,967 | -6,495 | -72 | -317 | -174 | -298 | 470 |
Postemployment benefit plan contributions | |||||||
32 | 76 | 1,659 | 494 | 286 | 102 | 152 | - |
Goodwill and intangible asset impairment losses | |||||||
1,899 | 15,936 | 49 | 18 | - | - | - | - |
Impairment losses on indefinite-lived intangible assets | |||||||
- | - | - | - | 58 | 221 | 0 | - |
Nonmonetary currency devaluation | |||||||
10 | 146 | 36 | 24 | 234 | 0 | 0 | -159 |
Loss/(gain) on sale of business | |||||||
420 | -15 | 0 | - | - | - | - | - |
Asset impairments | |||||||
- | - | - | - | - | - | - | 28 |
Market-based impacts to postemployment benefit plans | |||||||
- | - | - | - | - | - | - | 223 |
Write-off of debt issuance costs | |||||||
- | - | - | - | 236 | 0 | 0 | - |
Other items, net | |||||||
-46 | 160 | 253 | 25 | 225 | 194 | -40 | - |
Changes in current assets and liabilities: | |||||||
Trade receivables | |||||||
-140 | 2,280 | 2,629 | 2,055 | 915 | -144 | 112 | -220 |
Sold receivables | |||||||
- | - | - | - | - | 129 | 9 | - |
Inventories | |||||||
277 | 251 | 236 | 130 | -25 | -153 | -84 | -21 |
Accounts payable | |||||||
-58 | -23 | 441 | 879 | -119 | 562 | -90 | -241 |
Other current assets | |||||||
-52 | 146 | 64 | 41 | -114 | 20 | -46 | 61 |
Other current liabilities | |||||||
-90 | 637 | -876 | -148 | 262 | 87 | 14 | 205 |
Change in pension and postretirement assets and liabilities, net | |||||||
- | - | - | - | - | - | - | 113 |
Net cash provided by/(used for) operating activities | |||||||
3,552 | 2,574 | 501 | 2,648 | 1,272 | 2,140 | 35 | 3,035 |
CASH FLOWS FROM INVESTING ACTIVITIES: | |||||||
Cash receipts on sold receivables | |||||||
0 | 1,296 | 2,286 | 2,589 | 1,331 | - | - | - |
Capital expenditures | |||||||
768 | 826 | 1,194 | 1,247 | 648 | 399 | 202 | 440 |
Proceeds from disposals of property, plant and equipment | |||||||
- | - | - | - | - | - | - | 18 |
Payments to acquire business, net of cash acquired | |||||||
199 | 248 | 0 | 0 | 9,468 | 0 | 21,494 | - |
Proceeds from net investment hedges | |||||||
590 | 24 | 6 | - | 488 | 0 | 0 | - |
Proceeds from sale of business, net of cash disposed | |||||||
1,875 | 18 | 0 | - | - | - | - | - |
Other investing activities, net | |||||||
-13 | -24 | -79 | -110 | 12 | -50 | -25 | 0 |
Net cash provided by/(used for) investing activities | |||||||
1,511 | 288 | 1,177 | 1,452 | -8,309 | -349 | -21,671 | -422 |
CASH FLOWS FROM FINANCING ACTIVITIES: | |||||||
Repayments of long-term debt | |||||||
4,795 | 2,713 | 2,641 | 85 | 12,314 | 1,103 | 2,670 | - |
Proceeds from issuance of long-term debt | |||||||
2,967 | 2,990 | 1,496 | 6,981 | 14,834 | 0 | 12,575 | - |
Debt prepayment and extinguishment costs | |||||||
99 | 0 | 0 | - | 105 | - | - | - |
Debt issuance costs | |||||||
- | - | - | - | 98 | 0 | 321 | - |
Proceeds from issuance of commercial paper | |||||||
557 | 2,784 | 6,043 | 6,680 | 0 | 0 | - | - |
Repayments of commercial paper | |||||||
557 | 3,213 | 6,249 | 6,043 | 0 | 0 | - | - |
Net (payments)/proceeds on short-term debt | |||||||
- | - | - | - | - | - | -1,641 | - |
Proceeds from Issuance of Preferred Stock and Preference Stock | |||||||
- | - | - | - | - | - | 7,633 | - |
Proceeds from issuance of common stock to Sponsors | |||||||
- | - | - | - | 10,000 | 0 | 8,500 | - |
Proceeds from Issuance of Warrants | |||||||
- | - | - | - | - | - | 367 | - |
Dividends paid - Series A Preferred Stock | |||||||
- | - | - | 180 | 900 | 720 | 360 | - |
Dividends paid | |||||||
1,953 | 3,183 | 2,888 | 3,584 | 1,302 | 0 | 0 | 0 |
Redemption of Series A Preferred Stock | |||||||
- | - | - | 8,320 | 0 | 0 | - | - |
Repurchase of common stock under share repurchase program | |||||||
- | - | - | - | - | - | - | 0 |
Proceeds from stock option exercises | |||||||
- | - | - | - | - | - | - | 14 |
Long-term debt proceeds | |||||||
- | - | - | - | - | - | - | 5,963 |
Net transfers to Mondelez International | |||||||
- | - | - | - | - | - | - | -7,210 |
Other financing activities, net | |||||||
-33 | -28 | 18 | -69 | -68 | 3 | 26 | -125 |
Net cash provided by/(used for) financing activities | |||||||
-3,913 | -3,363 | -4,221 | -4,620 | 10,047 | -1,820 | 24,109 | -1,358 |
NON-CASH INVESTING ACTIVITIES: | |||||||
Beneficial interest obtained in exchange for securitized trade receivables | |||||||
0 | 938 | 2,519 | 2,213 | 1,609 | - | - | - |
Effect of exchange rate changes on cash, cash equivalents, and restricted cash | |||||||
-6 | -132 | 57 | -137 | -408 | -132 | -14 | 0 |
Net increase/(decrease) | |||||||
1,144 | -633 | -2,486 | -657 | 2,602 | -161 | 2,459 | 1,255 |
CASH PAID DURING THE PERIOD FOR: | |||||||
Interest paid during the period | |||||||
1,306 | 1,322 | 1,269 | 1,176 | 704 | 620 | 259 | 152 |
Income taxes paid during the period | |||||||
974 | 543 | 1,206 | 1,619 | 577 | 86 | 131 | 236 |