Ingredion Incorporated (INGR) financial statements (2021 and earlier)

Company profile

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

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

12/31/2020
12/31/2019
12/31/2018
12/31/2017
12/31/2016
12/31/2015
12/31/2014
ASSETS
Current Assets
Cash, cash equivalents, and short-term investments665268334604516440614
Cash and cash equivalents665264327595512434580
Short-term investments 4794634
Receivables1,011977951961923775762
Inventory, net of allowances, customer advances and progress billings917861824823789715699
Inventory917861824823789715699
Prepaid expense54542927242021
Other undisclosed current assets      48
Total current assets:2,6472,1602,1382,4152,2521,9502,144
Noncurrent Assets
Operating lease, right-of-use asset173151
Property, plant and equipment2,4552,3062,1982,2172,1161,9892,073
Long-term investments and receivables      5
Long-term investments      5
Intangible assets, net (including goodwill)1,3461,2381,2511,2961,2861,011768
Goodwill902801791803784601478
Intangible assets, net (excluding goodwill)444437460493502410290
Deferred income tax assets2313
Other noncurrent assets21417213114312111797
Deferred tax assets, net10977 
Other undisclosed noncurrent assets      4
Total noncurrent assets:4,2113,8803,5903,6653,5303,1242,947
TOTAL ASSETS:6,8586,0405,7286,0805,7825,0745,091
LIABILITIES AND EQUITY
Liabilities
Current Liabilities
Accounts payable and accrued liabilities1,020885777837872723891
Accounts payable599504452493440423430
Accrued liabilities421381325344432300268
Employee-related liabilities      74
Taxes payable      72
Interest and dividends payable      47
Debt438821691201061923
Other undisclosed current liabilities      (193)
Total current liabilities:1,458967946957978742721
Noncurrent Liabilities
Long-term debt and lease obligation1,8841,8861,9311,7441,8501,8191,804
Long-term debt, excluding current maturities1,7481,7661,9311,7441,8501,8191,804
Operating lease, liability136120
Liabilities, other than long-term debt, including:444415217227158170211
Deferred tax liabilities, net   139180
Deferred income tax liabilities217195
Other liabilities22722095106492831
Other undisclosed liabilities, other than long-term debt  1221211093 
Other undisclosed noncurrent liabilities  189199201163(1,858)
Total noncurrent liabilities:2,3282,3012,3372,1702,2092,152157
Other undisclosed liabilities      2,006
Total liabilities:3,7863,2683,2833,1273,1872,8942,884
Temporary equity, carrying amount100313736   
Stockholders' equity
Stockholders' equity attributable to parent2,9512,7202,3882,8912,5652,1442,177
Common stock1111111
Treasury stock, value(1,024)(1,040)(1,091)(494)(413)(467)(481)
Additional paid in capital1,1501,1371,0961,1381,1491,1601,164
Accumulated other comprehensive loss(1,133)(1,158)(1,154)(1,013)(1,071)(1,102)(782)
Retained earnings3,9573,7803,5363,2592,8992,5522,275
Stockholders' equity attributable to noncontrolling interest21212026303630
Total stockholders' equity:2,9722,7412,4082,9172,5952,1802,207
TOTAL LIABILITIES AND EQUITY:6,8586,0405,7286,0805,7825,0745,091

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

12/31/2020
12/31/2019
12/31/2018
12/31/2017
12/31/2016
12/31/2015
12/31/2014
Revenues5,9876,2095,8415,8325,7045,6215,998
Revenue, net5,8325,7045,6215,998
Cost of revenue
(Cost of Goods and Services Sold)
(4,715)(4,897)(4,473)(4,359)(4,302)(4,379)(4,883)
Gross profit:1,2721,3121,3681,4731,4021,2421,115
Operating expenses(104)(60)(64)(42)(594)(582)(534)
Other operating income, net31191018  24
Other undisclosed operating loss(617)(607)(611)(607)  (24)
Operating income:582664703842808660581
Nonoperating expense(9)(5)(10)(5)(3)(6)(1)
Foreign currency transaction loss, before tax(14)(4)(14)(5)(3)(6)(1)
Other nonoperating income (expense)5(1)4    
Income from continuing operations before equity method investments, income taxes:573659693837805654580
Other undisclosed loss from continuing operations before income taxes(67)(77)(72)(68)(63)(55)(60)
Income from continuing operations before income taxes:506582621769742599520
Income tax expense(152)(158)(167)(237)(246)(187)(157)
Net income:354424454532496412363
Net loss attributable to noncontrolling interest(6)(11)(11)(13)(11)(10)(8)
Net income attributable to parent:348413443519485402355
Other undisclosed net income (loss) available to common stockholders, basic    (0)0(0)
Net income available to common stockholders, diluted:348413443519485402355

Comprehensive Income ($ in millions)

12/31/2020
12/31/2019
12/31/2018
12/31/2017
12/31/2016
12/31/2015
12/31/2014
Net income:354424454532496412363
Other comprehensive income (loss)1(2)5584(5)4
Other undisclosed comprehensive income (loss)24(2)(139) 17(315)(203)
Comprehensive income:37942032059051792164
Comprehensive loss, net of tax, attributable to noncontrolling interest(5)(9)(3)(13)(12)(10)(8)
Comprehensive income, net of tax, attributable to parent:37441131757750582156

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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