Archer-Daniels-Midland Company (ADM) financial statements (2022 and earlier)

Company profile

Business Address 77 W. WACKER DR.
CHICAGO, IL 60601
State of Incorp. DE
Fiscal Year End December 31
SIC 207 - Fats And Oils (benchmarking)
More info Complete financial analysis Financial benchmarking

Balance sheet (Statement of financial position) ($ in millions)

12/31/2021
12/31/2020
12/31/2019
12/31/2018
12/31/2017
12/31/2016
12/31/2015
ASSETS
Current Assets
Cash, cash equivalents, and short-term investments9436668522,0038049151,348
Cash and cash equivalents9436668521,997804619910
Short-term investments   6 296438
Restricted cash and investments      5,214
Receivables3,3432,8292,2982,2671,9791,9371,738
Inventory, net of allowances, customer advances and progress billings14,48111,7139,1708,8139,1738,8318,243
Inventory14,48111,7139,1708,8139,1738,8318,243
Other current assets5,1586,2244,6003,0333,1754,3835,286
Other undisclosed current assets7,9845,8544,4274,4724,7944,979 
Total current assets:31,90927,28621,34720,58819,92521,04521,829
Noncurrent Assets
Operating lease, right-of-use asset1,0231,102 
Property, plant and equipment9,8039,95110,1069,95310,1389,7589,853
Long-term investments and receivables5,2854,9135,1325,3245,1804,6844,340
Long-term investments5,2854,9135,1325,3245,1804,6844,340
Intangible assets, net (including goodwill)6,7475,4135,4764,0413,9183,7033,688
Goodwill4,1823,4513,3852,4962,3742,2462,185
Intangible assets, net (excluding goodwill)2,5651,9622,0911,5451,5441,4571,503
Other noncurrent assets1,3691,0541,936927802579447
Total noncurrent assets:24,22722,43322,65020,24520,03818,72418,328
TOTAL ASSETS:56,13649,71943,99740,83339,96339,76940,157
LIABILITIES AND EQUITY
Liabilities
Current Liabilities
Accounts payable and accrued liabilities6,3884,4743,7463,5453,8943,6063,474
Accounts payable6,3884,4743,7463,5453,8943,6063,474
Debt1,5282,0441,20969087042798
Due to related parties    79  
Deferred tax liabilities   17
Other liabilities4,7904,9433,7572,9132,8333,9824,113
Other undisclosed current liabilities9,2426,7215,0224,6284,8945,1585,803
Total current liabilities:21,94818,18213,73411,77612,57013,17313,505
Noncurrent Liabilities
Long-term debt and lease obligation8,7768,7487,6727,6986,6236,5045,779
Long-term debt, excluding current maturities8,0117,8857,6727,6986,6236,5045,779
Operating lease, liability765863 
Liabilities, other than long-term debt2,6452,6933,3081,2472,3952,8872,958
Deferred tax liabilities, net 1,0531,6691,563
Deferred income tax liabilities1,4121,3021,194
Other liabilities1,2331,3912,1141,2471,3421,2181,395
Other undisclosed noncurrent liabilities   1,067   
Total noncurrent liabilities:11,42111,44110,98010,0129,0189,3918,737
Total liabilities:33,36929,62324,71421,78821,58822,56422,242
Temporary equity, carrying amount2597458495324 
Stockholders' equity
Stockholders' equity attributable to parent22,17720,00013,80813,68112,81311,67313,199
Common stock2,9942,8242,6552,5602,3982,3273,180
Treasury stock, value(300) (5,400)(5,300)(5,500)(5,500)(4,700)
Accumulated other comprehensive loss(2,172)(2,604)(2,405)(2,106)(1,637)(2,598)(2,146)
Retained earnings21,65519,78018,95818,52717,55217,44416,865
Stockholders' equity attributable to noncontrolling interest312217159816
Other undisclosed stockholders' equity300 5,4005,3005,5005,5004,700
Total stockholders' equity:22,50820,02219,22518,99618,32217,18117,915
TOTAL LIABILITIES AND EQUITY:56,13649,71943,99740,83339,96339,76940,157

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

12/31/2021
12/31/2020
12/31/2019
12/31/2018
12/31/2017
12/31/2016
12/31/2015
Revenues85,24964,35564,65664,34160,82862,34667,702
Cost of revenue(79,262)(59,902)(60,509)(60,160)(57,322)(58,662)(63,682)
Gross profit:5,9874,4534,1474,1813,5063,6844,020
Operating expenses(3,158)(2,767)(2,796)(2,336)(2,166)(2,100)(2,210)
Operating income:2,8291,6861,3511,8451,3401,5841,810
Nonoperating income (expense)190366(7)(101)37147321
Investment income, nonoperating9688     
Other nonoperating income (expense)9427832(27)(32)17(62)
Interest and debt expense(301)(339)(402)(364)(330)(293)(308)
Income from continuing operations before equity method investments, income taxes:2,7181,7139421,3801,0471,4381,823
Income from equity method investments595579454518456292390
Other undisclosed income (loss) from continuing operations before income taxes (409)1921621069271
Income from continuing operations before income taxes:3,3131,8831,5882,0601,6091,8222,284
Income tax expense(578)(101)(209)(245)(7)(534)(438)
Net income:2,7351,7821,3791,8151,6021,2881,846
Net income (loss) attributable to noncontrolling interest(26)(10) (5)(7)(9)3
Net income available to common stockholders, diluted:2,7091,7721,3791,8101,5951,2791,849

Comprehensive Income ($ in millions)

12/31/2021
12/31/2020
12/31/2019
12/31/2018
12/31/2017
12/31/2016
12/31/2015
Net income:2,7351,7821,3791,8151,6021,2881,846
Other comprehensive income (loss)432(192)(297)(469)963(453)(906)
Comprehensive income:3,1671,5901,0821,3462,565835940
Comprehensive income (loss), net of tax, attributable to noncontrolling interest(26)(17)(2)(5)(9)(8)4
Comprehensive income, net of tax, attributable to parent:3,1411,5731,0801,3412,556827944

Statements sources

The financial statements are based on the company's filings with the 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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