Ingredion Incorporated (INGR) financial statements (2022 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)

12/31/2021
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 investments332665268334604516440
Cash and cash equivalents328665264327595512434
Short-term investments4 47946
Receivables1,1301,011977951961923775
Inventory, net of allowances, customer advances and progress billings1,172917861824823789715
Inventory1,172917861824823789715
Prepaid expense63545429272420
Total current assets:2,6972,6472,1602,1382,4152,2521,950
Noncurrent Assets
Operating lease, right-of-use asset 173151
Property, plant and equipment2,4232,4552,3062,1982,2172,1161,989
Intangible assets, net (including goodwill)1,3481,3461,2381,2511,2961,2861,011
Goodwill914902801791803784601
Intangible assets, net (excluding goodwill)434444437460493502410
Deferred income tax assets 2313
Other noncurrent assets531214172131143121117
Deferred tax assets, net10977
Total noncurrent assets:4,3024,2113,8803,5903,6653,5303,124
TOTAL ASSETS:6,9996,8586,0405,7286,0805,7825,074
LIABILITIES AND EQUITY
Liabilities
Current Liabilities
Accounts payable and accrued liabilities1,2041,020885777837872723
Accounts payable774599504452493440423
Accrued liabilities430421381325344432300
Debt3084388216912010619
Total current liabilities:1,5121,458967946957978742
Noncurrent Liabilities
Long-term debt and lease obligation1,8921,8841,8861,9311,7441,8501,819
Long-term debt, excluding current maturities1,7381,7481,7661,9311,7441,8501,819
Operating lease, liability154136120
Liabilities, other than long-term debt, including:524444415217227158170
Deferred tax liabilities, net   139
Deferred income tax liabilities165217195
Liability, pension and other postretirement and postemployment benefits123      
Other liabilities82227220951064928
Other undisclosed liabilities, other than long-term debt154  1221211093
Other undisclosed noncurrent liabilities(154)  189199201163
Total noncurrent liabilities:2,2622,3282,3012,3372,1702,2092,152
Total liabilities:3,7743,7863,2683,2833,1273,1872,894
Temporary equity, carrying amount107100313736  
Stockholders' equity
Stockholders' equity attributable to parent3,1002,9512,7202,3882,8912,5652,144
Common stock1111111
Treasury stock, value(1,061)(1,024)(1,040)(1,091)(494)(413)(467)
Additional paid in capital1,1581,1501,1371,0961,1381,1491,160
Accumulated other comprehensive loss(897)(1,133)(1,158)(1,154)(1,013)(1,071)(1,102)
Retained earnings3,8993,9573,7803,5363,2592,8992,552
Stockholders' equity attributable to noncontrolling interest18212120263036
Total stockholders' equity:3,1182,9722,7412,4082,9172,5952,180
TOTAL LIABILITIES AND EQUITY:6,9996,8586,0405,7286,0805,7825,074

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
Revenues6,8945,9876,2095,8415,8325,7045,621
Revenue, net5,8325,7045,621
Cost of revenue
(Cost of Goods and Services Sold)
(5,563)(4,715)(4,897)(4,473)(4,359)(4,302)(4,379)
Gross profit:1,3311,2721,3121,3681,4731,4021,242
Operating expenses(390)(104)(60)(64)(42)(594)(582)
Other operating income, net3431191018  
Other undisclosed operating loss(665)(617)(607)(611)(607)  
Operating income:310582664703842808660
Nonoperating income (expense)12(9)(5)(10)(5)(3)(6)
Foreign currency transaction loss, before tax (14)(4)(14)(5)(3)(6)
Other nonoperating income (expense)125(1)4   
Income from continuing operations before equity method investments, income taxes:322573659693837805654
Other undisclosed loss from continuing operations before income taxes(74)(67)(77)(72)(68)(63)(55)
Income from continuing operations before income taxes:248506582621769742599
Income tax expense(123)(152)(158)(167)(237)(246)(187)
Net income:125354424454532496412
Net loss attributable to noncontrolling interest(8)(6)(11)(11)(13)(11)(10)
Net income attributable to parent:117348413443519485402
Other undisclosed net income (loss) available to common stockholders, basic     (0)0
Net income available to common stockholders, diluted:117348413443519485402

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:125354424454532496412
Other comprehensive income (loss)(9)1(2)5584(5)
Other undisclosed comprehensive income (loss)24524(2)(139) 17(315)
Comprehensive income:36137942032059051792
Comprehensive loss, net of tax, attributable to noncontrolling interest(9)(5)(9)(3)(13)(12)(10)
Comprehensive income, net of tax, attributable to parent:35237441131757750582

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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