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)

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 investments263221239298322329
Cash and cash equivalents257216236294318324
Short-term investments653445
Receivables1,3661,4551,4111,4061,3961,431
Inventory, net of allowances, customer advances and progress billings1,6181,6631,5971,5001,4031,306
Inventory1,6181,6631,5971,5001,4031,306
Prepaid expense646362645663
Total current assets:3,3113,4023,3093,2683,1773,129
Noncurrent Assets
Property, plant and equipment2,4142,3972,4072,3082,3752,446
Intangible assets, net (including goodwill), including:1,3111,2971,3011,2861,3131,339
Goodwill  900883  
Intangible assets, net (excluding goodwill)(287)(281)401(121)(262)(259)
Other undisclosed intangible assets, net (including goodwill)1,5981,578 5241,5751,598
Other noncurrent assets564549544541524521
Total noncurrent assets:4,2894,2434,2524,1354,2124,306
TOTAL ASSETS:7,6007,6457,5617,4037,3897,435
LIABILITIES AND EQUITY
Liabilities
Current Liabilities
Accounts payable and accrued liabilities, including:1,1981,1911,3391,2401,1931,207
Accounts payable   873   
Accrued liabilities   466   
Other undisclosed accounts payable and accrued liabilities1,1981,191 1,2401,1931,207
Debt522701543709652514
Total current liabilities:1,7201,8921,8821,9491,8451,721
Noncurrent Liabilities
Long-term debt and lease obligation1,9391,9381,9401,7391,7391,739
Long-term debt, excluding current maturities1,9391,9381,9401,7391,7391,739
Liabilities, other than long-term debt, including:466450477536537561
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 debt466450 536537561
Total noncurrent liabilities:2,4052,3882,4172,2752,2762,300
Total liabilities:4,1254,2804,2994,2244,1214,021
Temporary equity, carrying amount86899999107102
Equity
Equity, attributable to parent3,3773,2633,1473,0663,1463,293
Common stock111111
Treasury stock, value(1,116)(1,127)(1,148)(1,159)(1,133)(1,091)
Additional paid in capital1,1421,1331,1321,1331,1331,160
Accumulated other comprehensive loss(1,119)(1,098)(1,048)(1,052)(940)(763)
Retained earnings4,4694,3544,2104,1434,0853,986
Equity, attributable to noncontrolling interest121316141519
Total equity:3,3893,2763,1633,0803,1613,312
TOTAL LIABILITIES AND EQUITY:7,6007,6457,5617,4037,3897,435

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

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
Revenues2,0692,1371,9872,0232,0441,892
Cost of revenue
(Cost of Goods and Services Sold)
(1,628)(1,650)(1,636)(1,649)(1,654)(1,513)
Gross profit:441487351374390379
Operating expenses  1(2)(2)(3)
Other operating income (expense), net(2)(9)(9)(10)42
Other undisclosed operating loss(188)(187)(186)(180)(179)(168)
Operating income:251291157182213210
Nonoperating income (expense)
(Other Nonoperating Income (Expense))
(2) 13 1
Income from continuing operations before equity method investments, income taxes:249291158185213211
Other undisclosed loss from continuing operations before income taxes(30)(32)(34)(24)(17)(24)
Income from continuing operations before income taxes:219259124161196187
Income tax expense(55)(65)(9)(52)(51)(54)
Income from continuing operations:164194115109145133
Income before gain (loss) on sale of properties:109145133
Net income:164194115109145133
Net loss attributable to noncontrolling interest(1)(3)(1)(3)(3)(3)
Net income available to common stockholders, diluted:163191114106142130

Comprehensive Income ($ in millions)

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:164194115109145133
Other comprehensive loss (1)     
Other undisclosed comprehensive income (loss)(20)(50)4(112)(177)134
Comprehensive income (loss):143144119(3)(32)267
Comprehensive income (loss), net of tax, attributable to noncontrolling interest13(14)24(2)
Other undisclosed comprehensive income, net of tax, attributable to parent   10   
Comprehensive income (loss), net of tax, attributable to parent:144147115(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.

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