Corteva, Inc. (CTVA) Financial Statements (2024 and earlier)

Company Profile

Business Address 9330 ZIONSVILLE ROAD
INDIANAPOLIS, IN 46268
State of Incorp. DE
Fiscal Year End December 31
Industry (SIC) 01 - Agricultural Production Crops (benchmarking)
More info Complete Financial Analysis Financial Benchmarking

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

9/30/2023
MRQ
12/31/2022
12/31/2021
12/31/2020
12/31/2019
ASSETS
Current Assets
Cash, cash equivalents, and short-term investments3,3154,5453,7951,769
Cash and cash equivalents3,1914,4593,5261,764
Short-term investments124862695
Receivables5,7014,8114,9265,528
Inventory, net of allowances, customer advances and progress billings6,8115,1804,8825,032
Inventory6,8115,1804,8825,032
Other current assets9681,0101,1651,190
Total current assets:16,79515,54614,76813,519
Noncurrent Assets
Property, plant and equipment4,2544,3294,3964,546
Long-term investments and receivables102766666
Long-term investments102766666
Intangible assets, net (including goodwill)19,30120,15121,01621,653
Goodwill9,96210,10710,26910,229
Intangible assets, net (excluding goodwill)9,33910,04410,74711,424
Deferred income tax assets479438464287
Other noncurrent assets1,6871,8041,9392,326
Total noncurrent assets:25,82326,79827,88128,878
TOTAL ASSETS:42,61842,34442,64942,397
LIABILITIES AND EQUITY
Liabilities
Current Liabilities
Accounts payable and accrued liabilities7,1496,3408,5458,231
Taxes payable14612395
Accounts payable4,8954,1263,6153,702
Accrued liabilities2,2542,0684,8074,434
Deferred revenue 3,3883,201  
Debt241737
Other undisclosed current liabilities183   
Total current liabilities:10,7449,5588,5488,238
Noncurrent Liabilities
Long-term debt and lease obligation, including:1,2831,1001,102115
Finance lease, liability2345
Other undisclosed long-term debt and lease obligation1,281759707(316)
Liabilities, other than long-term debt5,3816,0637,9369,489
Deferred income tax liabilities1,1191,220893920
Liability, pension and other postretirement and postemployment benefits2,2553,1245,1766,377
Other liabilities1,6761,7191,8672,192
Operating lease, liability 331338391426
Other undisclosed noncurrent liabilities (331)   
Total noncurrent liabilities:6,3337,1639,0389,604
Total liabilities:17,07716,72117,58617,842
Equity
Equity, attributable to parent25,30225,38424,82424,309
Common stock7777
Additional paid in capital27,85127,75127,70727,997
Accumulated other comprehensive loss(2,806)(2,898)(2,890)(3,270)
Retained earnings (accumulated deficit)250524 (425)
Equity, attributable to noncontrolling interest239239239246
Total equity:25,54125,62325,06324,555
TOTAL LIABILITIES AND EQUITY:42,61842,34442,64942,397

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

9/30/2023
TTM
12/31/2022
12/31/2021
12/31/2020
12/31/2019
Revenues17,45515,65514,21713,846
Cost of revenue
(Cost of Goods and Services Sold)
(10,436)(9,220)(8,507)(8,575)
Gross profit:7,0196,4355,7105,271
Operating expenses(5,091)(5,118)(4,867)(4,909)
Operating income:1,9281,317843362
Nonoperating income (expense)(60)1,348212215
Investment income, nonoperating24(1)94(62)
Loss, foreign currency transaction, before tax(229)(54)(174)(99)
Other nonoperating expense    
Interest and debt expense(79)(30)(45)(136)
Income from continuing operations before equity method investments, income taxes:1,7892,6351,010441
Loss from equity method investments    
Other undisclosed loss from continuing operations before income taxes(363)(289)(335)(757)
Income (loss) from continuing operations before income taxes:1,4262,346675(316)
Income tax expense (benefit)(210)(524)8146
Other undisclosed income from continuing operations    
Income (loss) from continuing operations:1,2161,822756(270)
Income (loss) before gain (loss) on sale of properties:1,769701(941)
Loss from discontinued operations(58)(53)(55)(671)
Net income (loss):1,1581,769701(941)
Net loss attributable to noncontrolling interest (10)(20)(18)
Other undisclosed net loss attributable to parent(11)   
Net income (loss) attributable to parent:1,1471,759681(959)
Other undisclosed net income (loss) available to common stockholders, basic(1,147)(1,759) 959
Net income (loss) available to common stockholders, diluted:00681(0)

Comprehensive Income ($ in millions)

9/30/2023
TTM
12/31/2022
12/31/2021
12/31/2020
12/31/2019
Net income (loss):1,1581,769701(941)
Other comprehensive income (loss)92(8)380(1,124)
Comprehensive income (loss):1,2501,7611,081(2,065)
Comprehensive loss, net of tax, attributable to noncontrolling interest(11)(10)(20)(18)
Comprehensive income (loss), net of tax, attributable to parent:1,2391,7511,061(2,083)

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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