Ingredion Incorporated (INGR) Financial Statements (2025 and earlier)

Company Profile

Business Address 5 WESTBROOK CORPORATE CENTER
WESTCHESTER, IL 60154
State of Incorp. DE
Fiscal Year End December 31
Industry (SIC) 204 - Grain Mill Products (benchmarking)
More info Complete Financial Analysis Financial Benchmarking

Balance Sheet (Statement of Financial Position) ($ in millions)

9/30/2024
MRQ
12/31/2023
12/31/2022
12/31/2021
12/31/2020
12/31/2019
12/31/2018
ASSETS
Current Assets
Cash, cash equivalents, and short-term investments409239332665268334
Cash and cash equivalents401236328665264327
Short-term investments834 47
Receivables1,2791,4111,1301,011977951
Inventory, net of allowances, customer advances and progress billings1,4501,5971,172917861824
Inventory1,4501,5971,172917861824
Prepaid expense  6263545429
Other undisclosed current assets261     
Total current assets:3,3993,3092,6972,6472,1602,138
Noncurrent Assets
Operating lease, right-of-use asset    173151
Property, plant and equipment2,3702,4072,4232,4552,3062,198
Intangible assets, net (including goodwill)1,3031,3011,3481,3461,2381,251
Goodwill918900914902801791
Intangible assets, net (excluding goodwill)385401434444437460
Other undisclosed intangible assets, net (including goodwill)      
Deferred income tax assets    2313
Other noncurrent assets570544531214172131
Deferred tax assets, net10
Total noncurrent assets:4,2434,2524,3024,2113,8803,590
TOTAL ASSETS:7,6427,5616,9996,8586,0405,728
LIABILITIES AND EQUITY
Liabilities
Current Liabilities
Accounts payable and accrued liabilities7781,3391,2041,020885777
Accounts payable778873774599504452
Accrued liabilities  466430421381325
Debt44854330843882169
Other liabilities546     
Total current liabilities:1,7721,8821,5121,458967946
Noncurrent Liabilities
Long-term debt and lease obligation1,7401,9401,8921,8841,8861,931
Long-term debt, excluding current maturities1,7401,9401,7381,7481,7661,931
Liabilities, other than long-term debt, including:480477524444415217
Deferred income tax liabilities 116145165217195
Liability, pension and other postretirement and postemployment benefits 117101123   
Other liabilities 90858222722095
Operating lease, liability 157146154136120
Other undisclosed liabilities, other than long-term debt  154  122
Other undisclosed noncurrent liabilities   (154)  189
Total noncurrent liabilities:2,2202,4172,2622,3282,3012,337
Total liabilities:3,9924,2993,7743,7863,2683,283
Temporary equity, carrying amount98991071003137
Equity
Equity, attributable to parent3,5383,1473,1002,9512,7202,388
Common stock111111
Treasury stock, value(1,207)(1,148)(1,061)(1,024)(1,040)(1,091)
Additional paid in capital1,1461,1321,1581,1501,1371,096
Accumulated other comprehensive loss(1,056)(1,048)(897)(1,133)(1,158)(1,154)
Retained earnings4,6544,2103,8993,9573,7803,536
Equity, attributable to noncontrolling interest141618212120
Total equity:3,5523,1633,1182,9722,7412,408
TOTAL LIABILITIES AND EQUITY:7,6427,5616,9996,8586,0405,728

Income Statement (P&L) ($ in millions)

9/30/2024
TTM
12/31/2023
12/31/2022
12/31/2021
12/31/2020
12/31/2019
12/31/2018
Revenues8,1607,9466,8945,9876,2095,841
Cost of revenue
(Cost of Goods and Services Sold)
(6,411)(6,452)(5,563)(4,715)(4,897)(4,473)
Gross profit:1,7491,4941,3311,2721,3121,368
Operating expenses(11)(5)(390)(104)(60)(64)
Other operating income (expense), net8(13)34311910
Other undisclosed operating loss(789)(714)(665)(617)(607)(611)
Operating income:957762310582664703
Nonoperating income (expense)(4)512(9)(5)(10)
Loss, foreign currency transaction, before tax    (14)(4)(14)
Other nonoperating income (expense)(4)5125(1)4
Income from continuing operations before equity method investments, income taxes:953767322573659693
Other undisclosed income (loss) from continuing operations before income taxes(114)(99)(74)(67)(77)(72)
Income from continuing operations before income taxes:839668248506582621
Income tax expense(188)(166)(123)(152)(158)(167)
Income from continuing operations:651502125354424454
Income before gain (loss) on sale of properties:125354424454
Net income:651502125354424454
Net loss attributable to noncontrolling interest(8)(10)(8)(6)(11)(11)
Net income available to common stockholders, diluted:643492117348413443

Comprehensive Income ($ in millions)

9/30/2024
TTM
12/31/2023
12/31/2022
12/31/2021
12/31/2020
12/31/2019
12/31/2018
Net income:651502125354424454
Other comprehensive income (loss)  1(9)1(2)5
Other undisclosed comprehensive income (loss)(8)(152)24524(2)(139)
Comprehensive income:643351361379420320
Comprehensive loss, net of tax, attributable to noncontrolling interest(2)(10)(9)(5)(9)(3)
Other undisclosed comprehensive income, net of tax, attributable to parent  10    
Comprehensive income, net of tax, attributable to parent:641351352374411317

Statements Sources

The financial statements are based on the Company's filings with the U.S. Securities and Exchange Commission (SEC) through the Electronic Data Gathering, Analysis, and Retrieval system (EDGAR). The information is derived from the 10-K and 10-Q reports submitted to the SEC in XBRL (eXtensible Business Reporting Language) format and presented according to the US GAAP Taxonomy. Please review the original filings for a more detailed information.

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