Ingredion Incorporated (INGR) Financial Statements (2024 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)Annual | Quarterly
9/30/2023 Q3 | 6/30/2023 Q2 | 3/31/2023 Q1 | 12/31/2022 Q4 | 9/30/2022 Q3 | 6/30/2022 Q2 | 3/31/2022 Q1 | |||
---|---|---|---|---|---|---|---|---|---|
ASSETS | |||||||||
Current Assets | |||||||||
Cash, cash equivalents, and short-term investments | 263 | 221 | 239 | 298 | 322 | 329 | |||
Cash and cash equivalents | 257 | 216 | 236 | 294 | 318 | 324 | |||
Short-term investments | 6 | 5 | 3 | 4 | 4 | 5 | |||
Receivables | 1,366 | 1,455 | 1,411 | 1,406 | 1,396 | 1,431 | |||
Inventory, net of allowances, customer advances and progress billings | 1,618 | 1,663 | 1,597 | 1,500 | 1,403 | 1,306 | |||
Inventory | 1,618 | 1,663 | 1,597 | 1,500 | 1,403 | 1,306 | |||
Prepaid expense | 64 | 63 | 62 | 64 | 56 | 63 | |||
Total current assets: | 3,311 | 3,402 | 3,309 | 3,268 | 3,177 | 3,129 | |||
Noncurrent Assets | |||||||||
Property, plant and equipment | 2,414 | 2,397 | 2,407 | 2,308 | 2,375 | 2,446 | |||
Intangible assets, net (including goodwill), including: | 1,311 | 1,297 | 1,301 | 1,286 | 1,313 | 1,339 | |||
Goodwill | 900 | 883 | |||||||
Intangible assets, net (excluding goodwill) | (287) | (281) | 401 | (121) | (262) | (259) | |||
Other undisclosed intangible assets, net (including goodwill) | 1,598 | 1,578 | 524 | 1,575 | 1,598 | ||||
Other noncurrent assets | 564 | 549 | 544 | 541 | 524 | 521 | |||
Total noncurrent assets: | 4,289 | 4,243 | 4,252 | 4,135 | 4,212 | 4,306 | |||
TOTAL ASSETS: | 7,600 | 7,645 | 7,561 | 7,403 | 7,389 | 7,435 | |||
LIABILITIES AND EQUITY | |||||||||
Liabilities | |||||||||
Current Liabilities | |||||||||
Accounts payable and accrued liabilities, including: | 1,198 | 1,191 | 1,339 | 1,240 | 1,193 | 1,207 | |||
Accounts payable | 873 | ||||||||
Accrued liabilities | 466 | ||||||||
Other undisclosed accounts payable and accrued liabilities | 1,198 | 1,191 | 1,240 | 1,193 | 1,207 | ||||
Debt | 522 | 701 | 543 | 709 | 652 | 514 | |||
Total current liabilities: | 1,720 | 1,892 | 1,882 | 1,949 | 1,845 | 1,721 | |||
Noncurrent Liabilities | |||||||||
Long-term debt and lease obligation | 1,939 | 1,938 | 1,940 | 1,739 | 1,739 | 1,739 | |||
Long-term debt, excluding current maturities | 1,939 | 1,938 | 1,940 | 1,739 | 1,739 | 1,739 | |||
Liabilities, other than long-term debt, including: | 466 | 450 | 477 | 536 | 537 | 561 | |||
Deferred income tax liabilities | 145 | ||||||||
Liability, pension and other postretirement and postemployment benefits | 101 | ||||||||
Other liabilities | 85 | ||||||||
Operating lease, liability | 146 | ||||||||
Other undisclosed liabilities, other than long-term debt | 466 | 450 | 536 | 537 | 561 | ||||
Total noncurrent liabilities: | 2,405 | 2,388 | 2,417 | 2,275 | 2,276 | 2,300 | |||
Total liabilities: | 4,125 | 4,280 | 4,299 | 4,224 | 4,121 | 4,021 | |||
Temporary equity, carrying amount | 86 | 89 | 99 | 99 | 107 | 102 | |||
Equity | |||||||||
Equity, attributable to parent | 3,377 | 3,263 | 3,147 | 3,066 | 3,146 | 3,293 | |||
Common stock | 1 | 1 | 1 | 1 | 1 | 1 | |||
Treasury stock, value | (1,116) | (1,127) | (1,148) | (1,159) | (1,133) | (1,091) | |||
Additional paid in capital | 1,142 | 1,133 | 1,132 | 1,133 | 1,133 | 1,160 | |||
Accumulated other comprehensive loss | (1,119) | (1,098) | (1,048) | (1,052) | (940) | (763) | |||
Retained earnings | 4,469 | 4,354 | 4,210 | 4,143 | 4,085 | 3,986 | |||
Equity, attributable to noncontrolling interest | 12 | 13 | 16 | 14 | 15 | 19 | |||
Total equity: | 3,389 | 3,276 | 3,163 | 3,080 | 3,161 | 3,312 | |||
TOTAL LIABILITIES AND EQUITY: | 7,600 | 7,645 | 7,561 | 7,403 | 7,389 | 7,435 |
Income Statement (P&L) ($ in millions)Annual | Quarterly
9/30/2023 Q3 | 6/30/2023 Q2 | 3/31/2023 Q1 | 12/31/2022 Q4 | 9/30/2022 Q3 | 6/30/2022 Q2 | 3/31/2022 Q1 | ||
---|---|---|---|---|---|---|---|---|
Revenues | 2,069 | 2,137 | 1,987 | 2,023 | 2,044 | 1,892 | ||
Cost of revenue (Cost of Goods and Services Sold) | (1,628) | (1,650) | (1,636) | (1,649) | (1,654) | (1,513) | ||
Gross profit: | 441 | 487 | 351 | 374 | 390 | 379 | ||
Operating expenses | 1 | (2) | (2) | (3) | ||||
Other operating income (expense), net | (2) | (9) | (9) | (10) | 4 | 2 | ||
Other undisclosed operating loss | (188) | (187) | (186) | (180) | (179) | (168) | ||
Operating income: | 251 | 291 | 157 | 182 | 213 | 210 | ||
Nonoperating income (expense) (Other Nonoperating Income (Expense)) | (2) | 1 | 3 | 1 | ||||
Income from continuing operations before equity method investments, income taxes: | 249 | 291 | 158 | 185 | 213 | 211 | ||
Other undisclosed loss from continuing operations before income taxes | (30) | (32) | (34) | (24) | (17) | (24) | ||
Income from continuing operations before income taxes: | 219 | 259 | 124 | 161 | 196 | 187 | ||
Income tax expense | (55) | (65) | (9) | (52) | (51) | (54) | ||
Income from continuing operations: | 164 | 194 | 115 | 109 | 145 | 133 | ||
Income before gain (loss) on sale of properties: | ✕ | ✕ | ✕ | ✕ | 109 | 145 | 133 | |
Net income: | 164 | 194 | 115 | 109 | 145 | 133 | ||
Net loss attributable to noncontrolling interest | (1) | (3) | (1) | (3) | (3) | (3) | ||
Net income available to common stockholders, diluted: | 163 | 191 | 114 | 106 | 142 | 130 |
Comprehensive Income ($ in millions)Annual | Quarterly
9/30/2023 Q3 | 6/30/2023 Q2 | 3/31/2023 Q1 | 12/31/2022 Q4 | 9/30/2022 Q3 | 6/30/2022 Q2 | 3/31/2022 Q1 | ||
---|---|---|---|---|---|---|---|---|
Net income: | 164 | 194 | 115 | 109 | 145 | 133 | ||
Other comprehensive loss | (1) | |||||||
Other undisclosed comprehensive income (loss) | (20) | (50) | 4 | (112) | (177) | 134 | ||
Comprehensive income (loss): | 143 | 144 | 119 | (3) | (32) | 267 | ||
Comprehensive income (loss), net of tax, attributable to noncontrolling interest | 1 | 3 | (14) | 2 | 4 | (2) | ||
Other undisclosed comprehensive income, net of tax, attributable to parent | 10 | |||||||
Comprehensive income (loss), net of tax, attributable to parent: | 144 | 147 | 115 | (1) | (28) | 265 |
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.