2022 Q1 Form 10-Q Financial Statement

#000000708422000013 Filed on April 26, 2022

View on sec.gov

Income Statement

Concept 2022 Q1 2021 Q1
Revenue $23.65B $18.89B
YoY Change 25.18% 26.21%
Cost Of Revenue $21.75B $17.35B
YoY Change 25.41% 23.72%
Gross Profit $1.897B $1.548B
YoY Change 22.55% 62.78%
Gross Profit Margin 8.02% 8.19%
Selling, General & Admin $829.0M $749.0M
YoY Change 10.68% 12.8%
% of Gross Profit 43.7% 48.39%
Research & Development
YoY Change
% of Gross Profit
Depreciation & Amortization $257.0M $249.0M
YoY Change 3.21% 1.63%
% of Gross Profit 13.55% 16.09%
Operating Expenses $829.0M $749.0M
YoY Change 10.68% 12.8%
Operating Profit $1.068B $799.0M
YoY Change 33.67% 178.4%
Interest Expense $92.00M $87.00M
YoY Change 5.75% 4.82%
% of Operating Profit 8.61% 10.89%
Other Income/Expense, Net $33.00M $33.00M
YoY Change 0.0% 3.13%
Pretax Income $1.271B $824.0M
YoY Change 54.25% 119.73%
Income Tax $207.0M $131.0M
% Of Pretax Income 16.29% 15.9%
Net Earnings $1.054B $689.0M
YoY Change 52.98% 76.21%
Net Earnings / Revenue 4.46% 3.65%
Basic Earnings Per Share $1.86 $1.22
Diluted Earnings Per Share $1.86 $1.22
COMMON SHARES
Basic Shares Outstanding 566.0M shares 563.0M shares
Diluted Shares Outstanding 568.0M shares 564.0M shares

Balance Sheet

Concept 2022 Q1 2021 Q1
SHORT-TERM ASSETS
Cash & Short-Term Investments $1.079B $694.0M
YoY Change 55.48% -85.34%
Cash & Equivalents $1.079B $694.0M
Short-Term Investments
Other Short-Term Assets $7.717B $6.154B
YoY Change 25.4% 21.93%
Inventory $17.29B $12.76B
Prepaid Expenses $377.0M $370.0M
Receivables $4.235B $3.269B
Other Receivables $2.983B $2.247B
Total Short-Term Assets $40.45B $29.28B
YoY Change 38.14% 12.0%
LONG-TERM ASSETS
Property, Plant & Equipment $9.794B $9.799B
YoY Change -0.05% -0.85%
Goodwill
YoY Change
Intangibles
YoY Change
Long-Term Investments $5.404B $4.998B
YoY Change 8.12% -2.82%
Other Assets $1.466B $1.077B
YoY Change 36.12% -46.92%
Total Long-Term Assets $24.41B $22.19B
YoY Change 10.0% -0.25%
TOTAL ASSETS
Total Short-Term Assets $40.45B $29.28B
Total Long-Term Assets $24.41B $22.19B
Total Assets $64.87B $51.48B
YoY Change 26.01% 6.37%
SHORT-TERM LIABILITIES
YoY Change
Accounts Payable $6.135B $4.011B
YoY Change 52.95% 16.6%
Accrued Expenses $1.194B $899.0M
YoY Change 32.81% -0.66%
Deferred Revenue
YoY Change
Short-Term Debt $3.777B $2.763B
YoY Change 36.7% -18.3%
Long-Term Debt Due $543.0M $0.00
YoY Change -100.0%
Total Short-Term Liabilities $28.52B $18.51B
YoY Change 54.08% 6.9%
LONG-TERM LIABILITIES
Long-Term Debt $8.752B $8.437B
YoY Change 3.73% -2.04%
Other Long-Term Liabilities $1.231B $1.371B
YoY Change -10.21% -33.8%
Total Long-Term Liabilities $12.33B $12.02B
YoY Change 2.52% -0.07%
TOTAL LIABILITIES
Total Short-Term Liabilities $28.52B $18.51B
Total Long-Term Liabilities $12.33B $12.02B
Total Liabilities $40.85B $30.54B
YoY Change 33.78% 4.04%
SHAREHOLDERS EQUITY
Retained Earnings $22.48B $20.26B
YoY Change 10.97% 6.49%
Common Stock $3.028B $2.858B
YoY Change 5.95% 6.25%
Preferred Stock
YoY Change
Treasury Stock (at cost)
YoY Change
Treasury Stock Shares
Shareholders Equity $23.72B $20.84B
YoY Change
Total Liabilities & Shareholders Equity $64.87B $51.48B
YoY Change 26.01% 6.37%

Cashflow Statement

Concept 2022 Q1 2021 Q1
OPERATING ACTIVITIES
Net Income $1.054B $689.0M
YoY Change 52.98% 76.21%
Depreciation, Depletion And Amortization $257.0M $249.0M
YoY Change 3.21% 1.63%
Cash From Operating Activities -$1.206B $298.0M
YoY Change -504.7% -145.5%
INVESTING ACTIVITIES
Capital Expenditures $217.0M $174.0M
YoY Change 24.71% -10.31%
Acquisitions $0.00
YoY Change -100.0%
Other Investing Activities $94.00M $10.00M
YoY Change 840.0% -1100.0%
Cash From Investing Activities -$342.0M -$169.0M
YoY Change 102.37% -109.12%
FINANCING ACTIVITIES
Cash Dividend Paid $226.0M $208.0M
YoY Change 8.65% 2.46%
Common Stock Issuance & Retirement, Net $0.00
YoY Change -100.0%
Debt Paid & Issued, Net $0.00 $0.00
YoY Change -100.0%
Cash From Financing Activities $3.318B $1.077B
YoY Change 208.08% -67.77%
NET CHANGE
Cash From Operating Activities -$1.206B $298.0M
Cash From Investing Activities -$342.0M -$169.0M
Cash From Financing Activities $3.318B $1.077B
Net Change In Cash $1.770B $1.206B
YoY Change 46.77% -73.44%
FREE CASH FLOW
Cash From Operating Activities -$1.206B $298.0M
Capital Expenditures $217.0M $174.0M
Free Cash Flow -$1.423B $124.0M
YoY Change -1247.58% -114.61%

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249000000 USD
CY2022Q1 us-gaap Impairment Of Long Lived Assets Held For Use
ImpairmentOfLongLivedAssetsHeldForUse
1000000 USD
CY2021Q1 us-gaap Impairment Of Long Lived Assets Held For Use
ImpairmentOfLongLivedAssetsHeldForUse
31000000 USD
CY2022Q1 us-gaap Deferred Income Tax Expense Benefit
DeferredIncomeTaxExpenseBenefit
144000000 USD
CY2021Q1 us-gaap Deferred Income Tax Expense Benefit
DeferredIncomeTaxExpenseBenefit
-7000000 USD
CY2022Q1 us-gaap Income Loss From Equity Method Investments Net Of Dividends Or Distributions
IncomeLossFromEquityMethodInvestmentsNetOfDividendsOrDistributions
159000000 USD
CY2021Q1 us-gaap Income Loss From Equity Method Investments Net Of Dividends Or Distributions
IncomeLossFromEquityMethodInvestmentsNetOfDividendsOrDistributions
81000000 USD
CY2022Q1 us-gaap Share Based Compensation
ShareBasedCompensation
69000000 USD
CY2021Q1 us-gaap Share Based Compensation
ShareBasedCompensation
76000000 USD
CY2022Q1 adm Deferred Cash Flow Hedges
DeferredCashFlowHedges
-283000000 USD
CY2021Q1 adm Deferred Cash Flow Hedges
DeferredCashFlowHedges
-102000000 USD
CY2022Q1 us-gaap Gain Loss On Disposition Of Assets1
GainLossOnDispositionOfAssets1
34000000 USD
CY2021Q1 us-gaap Gain Loss On Disposition Of Assets1
GainLossOnDispositionOfAssets1
11000000 USD
CY2022Q1 us-gaap Other Noncash Income Expense
OtherNoncashIncomeExpense
9000000 USD
CY2021Q1 us-gaap Other Noncash Income Expense
OtherNoncashIncomeExpense
-150000000 USD
CY2022Q1 us-gaap Increase Decrease Of Restricted Investments
IncreaseDecreaseOfRestrictedInvestments
482000000 USD
CY2021Q1 us-gaap Increase Decrease Of Restricted Investments
IncreaseDecreaseOfRestrictedInvestments
-666000000 USD
CY2022Q1 us-gaap Increase Decrease In Accounts Receivable
IncreaseDecreaseInAccountsReceivable
937000000 USD
CY2021Q1 us-gaap Increase Decrease In Accounts Receivable
IncreaseDecreaseInAccountsReceivable
515000000 USD
CY2022Q1 us-gaap Increase Decrease In Inventories
IncreaseDecreaseInInventories
2881000000 USD
CY2021Q1 us-gaap Increase Decrease In Inventories
IncreaseDecreaseInInventories
1138000000 USD
CY2022Q1 us-gaap Increase Decrease In Other Current Assets
IncreaseDecreaseInOtherCurrentAssets
2141000000 USD
CY2021Q1 us-gaap Increase Decrease In Other Current Assets
IncreaseDecreaseInOtherCurrentAssets
-413000000 USD
CY2022Q1 us-gaap Increase Decrease In Accounts Payable Trade
IncreaseDecreaseInAccountsPayableTrade
-245000000 USD
CY2021Q1 us-gaap Increase Decrease In Accounts Payable Trade
IncreaseDecreaseInAccountsPayableTrade
-441000000 USD
CY2022Q1 us-gaap Increase Decrease In Payables To Customers
IncreaseDecreaseInPayablesToCustomers
2501000000 USD
CY2021Q1 us-gaap Increase Decrease In Payables To Customers
IncreaseDecreaseInPayablesToCustomers
561000000 USD
CY2022Q1 us-gaap Increase Decrease In Other Accounts Payable And Accrued Liabilities
IncreaseDecreaseInOtherAccountsPayableAndAccruedLiabilities
1363000000 USD
CY2021Q1 us-gaap Increase Decrease In Other Accounts Payable And Accrued Liabilities
IncreaseDecreaseInOtherAccountsPayableAndAccruedLiabilities
-450000000 USD
CY2022Q1 us-gaap Net Cash Provided By Used In Operating Activities
NetCashProvidedByUsedInOperatingActivities
-1206000000 USD
CY2021Q1 us-gaap Net Cash Provided By Used In Operating Activities
NetCashProvidedByUsedInOperatingActivities
298000000 USD
CY2022Q1 us-gaap Payments To Acquire Property Plant And Equipment
PaymentsToAcquirePropertyPlantAndEquipment
217000000 USD
CY2021Q1 us-gaap Payments To Acquire Property Plant And Equipment
PaymentsToAcquirePropertyPlantAndEquipment
174000000 USD
CY2022Q1 adm Proceedsfromsaleofbusinessandassets
Proceedsfromsaleofbusinessandassets
5000000 USD
CY2021Q1 adm Proceedsfromsaleofbusinessandassets
Proceedsfromsaleofbusinessandassets
14000000 USD
CY2022Q1 us-gaap Payments To Acquire Interest In Subsidiaries And Affiliates
PaymentsToAcquireInterestInSubsidiariesAndAffiliates
36000000 USD
CY2021Q1 us-gaap Payments To Acquire Interest In Subsidiaries And Affiliates
PaymentsToAcquireInterestInSubsidiariesAndAffiliates
4000000 USD
CY2022Q1 us-gaap Proceeds From Equity Method Investment Dividends Or Distributions Return Of Capital
ProceedsFromEquityMethodInvestmentDividendsOrDistributionsReturnOfCapital
0 USD
CY2021Q1 us-gaap Proceeds From Equity Method Investment Dividends Or Distributions Return Of Capital
ProceedsFromEquityMethodInvestmentDividendsOrDistributionsReturnOfCapital
5000000 USD
CY2022Q1 us-gaap Payments For Proceeds From Other Investing Activities
PaymentsForProceedsFromOtherInvestingActivities
94000000 USD
CY2021Q1 us-gaap Payments For Proceeds From Other Investing Activities
PaymentsForProceedsFromOtherInvestingActivities
10000000 USD
CY2022Q1 us-gaap Net Cash Provided By Used In Investing Activities
NetCashProvidedByUsedInInvestingActivities
-342000000 USD
CY2021Q1 us-gaap Net Cash Provided By Used In Investing Activities
NetCashProvidedByUsedInInvestingActivities
-169000000 USD
CY2022Q1 us-gaap Proceeds From Issuance Of Long Term Debt And Capital Securities Net
ProceedsFromIssuanceOfLongTermDebtAndCapitalSecuritiesNet
750000000 USD
CY2021Q1 us-gaap Proceeds From Issuance Of Long Term Debt And Capital Securities Net
ProceedsFromIssuanceOfLongTermDebtAndCapitalSecuritiesNet
593000000 USD
CY2022Q1 us-gaap Proceeds From Repayments Of Short Term Debt
ProceedsFromRepaymentsOfShortTermDebt
2824000000 USD
CY2021Q1 us-gaap Proceeds From Repayments Of Short Term Debt
ProceedsFromRepaymentsOfShortTermDebt
729000000 USD
CY2022Q1 us-gaap Payments Of Dividends
PaymentsOfDividends
226000000 USD
CY2021Q1 us-gaap Payments Of Dividends
PaymentsOfDividends
208000000 USD
CY2022Q1 us-gaap Proceeds From Payments For Other Financing Activities
ProceedsFromPaymentsForOtherFinancingActivities
-30000000 USD
CY2021Q1 us-gaap Proceeds From Payments For Other Financing Activities
ProceedsFromPaymentsForOtherFinancingActivities
-37000000 USD
CY2021Q1 adm Contract With Customer Liability Revenue Recognized With Opening Balance
ContractWithCustomerLiabilityRevenueRecognizedWithOpeningBalance
282000000 USD
CY2022Q1 us-gaap Net Cash Provided By Used In Financing Activities
NetCashProvidedByUsedInFinancingActivities
3318000000 USD
CY2021Q1 us-gaap Net Cash Provided By Used In Financing Activities
NetCashProvidedByUsedInFinancingActivities
1077000000 USD
CY2022Q1 us-gaap Cash Cash Equivalents Restricted Cash And Restricted Cash Equivalents Period Increase Decrease Including Exchange Rate Effect
CashCashEquivalentsRestrictedCashAndRestrictedCashEquivalentsPeriodIncreaseDecreaseIncludingExchangeRateEffect
1770000000 USD
CY2021Q1 us-gaap Cash Cash Equivalents Restricted Cash And Restricted Cash Equivalents Period Increase Decrease Including Exchange Rate Effect
CashCashEquivalentsRestrictedCashAndRestrictedCashEquivalentsPeriodIncreaseDecreaseIncludingExchangeRateEffect
1206000000 USD
CY2021Q4 us-gaap Cash Cash Equivalents Restricted Cash And Restricted Cash Equivalents
CashCashEquivalentsRestrictedCashAndRestrictedCashEquivalents
7454000000 USD
CY2020Q4 us-gaap Cash Cash Equivalents Restricted Cash And Restricted Cash Equivalents
CashCashEquivalentsRestrictedCashAndRestrictedCashEquivalents
4646000000 USD
CY2022Q1 us-gaap Cash Cash Equivalents Restricted Cash And Restricted Cash Equivalents
CashCashEquivalentsRestrictedCashAndRestrictedCashEquivalents
9224000000 USD
CY2021Q1 us-gaap Cash Cash Equivalents Restricted Cash And Restricted Cash Equivalents
CashCashEquivalentsRestrictedCashAndRestrictedCashEquivalents
5852000000 USD
CY2022Q1 us-gaap Cash And Cash Equivalents At Carrying Value
CashAndCashEquivalentsAtCarryingValue
1079000000 USD
CY2021Q1 us-gaap Cash And Cash Equivalents At Carrying Value
CashAndCashEquivalentsAtCarryingValue
694000000 USD
CY2022Q1 us-gaap Restricted Cash And Cash Equivalents
RestrictedCashAndCashEquivalents
8145000000 USD
CY2021Q1 us-gaap Restricted Cash And Cash Equivalents
RestrictedCashAndCashEquivalents
5158000000 USD
CY2022Q1 us-gaap Cash Cash Equivalents Restricted Cash And Restricted Cash Equivalents
CashCashEquivalentsRestrictedCashAndRestrictedCashEquivalents
9224000000 USD
CY2021Q1 us-gaap Cash Cash Equivalents Restricted Cash And Restricted Cash Equivalents
CashCashEquivalentsRestrictedCashAndRestrictedCashEquivalents
5852000000 USD
CY2021Q4 us-gaap Stockholders Equity Including Portion Attributable To Noncontrolling Interest
StockholdersEquityIncludingPortionAttributableToNoncontrollingInterest
22508000000 USD
CY2022Q1 us-gaap Comprehensive Income Net Of Tax Including Portion Attributable To Noncontrolling Interest
ComprehensiveIncomeNetOfTaxIncludingPortionAttributableToNoncontrollingInterest
1442000000 USD
CY2022Q1 us-gaap Common Stock Dividends Per Share Cash Paid
CommonStockDividendsPerShareCashPaid
0.40
CY2022Q1 us-gaap Dividends Common Stock Cash
DividendsCommonStockCash
226000000 USD
CY2022Q1 us-gaap Stock Issued During Period Value Share Based Compensation Gross
StockIssuedDuringPeriodValueShareBasedCompensationGross
69000000 USD
CY2022Q1 adm Stock Option Exercises Net Of Taxes Value
StockOptionExercisesNetOfTaxesValue
-36000000 USD
CY2022Q1 us-gaap Stockholders Equity Other
StockholdersEquityOther
2000000 USD
CY2022Q1 us-gaap Stockholders Equity Including Portion Attributable To Noncontrolling Interest
StockholdersEquityIncludingPortionAttributableToNoncontrollingInterest
23755000000 USD
CY2020Q4 us-gaap Stockholders Equity Including Portion Attributable To Noncontrolling Interest
StockholdersEquityIncludingPortionAttributableToNoncontrollingInterest
20022000000 USD
CY2021Q1 us-gaap Comprehensive Income Net Of Tax Including Portion Attributable To Noncontrolling Interest
ComprehensiveIncomeNetOfTaxIncludingPortionAttributableToNoncontrollingInterest
1019000000 USD
CY2021Q1 us-gaap Common Stock Dividends Per Share Cash Paid
CommonStockDividendsPerShareCashPaid
0.37
CY2021Q1 us-gaap Dividends Common Stock Cash
DividendsCommonStockCash
208000000 USD
CY2021Q1 us-gaap Stock Issued During Period Shares Share Based Compensation Gross
StockIssuedDuringPeriodSharesShareBasedCompensationGross
3000000 shares
CY2021Q1 us-gaap Stock Issued During Period Value Share Based Compensation Gross
StockIssuedDuringPeriodValueShareBasedCompensationGross
76000000 USD
CY2021Q1 adm Stock Option Exercises Net Of Taxes Value
StockOptionExercisesNetOfTaxesValue
-37000000 USD
CY2021Q1 us-gaap Stockholders Equity Other
StockholdersEquityOther
11000000 USD
CY2021Q1 us-gaap Stockholders Equity Including Portion Attributable To Noncontrolling Interest
StockholdersEquityIncludingPortionAttributableToNoncontrollingInterest
20861000000 USD
CY2022Q1 us-gaap Valuation Allowances And Reserves Charged To Cost And Expense
ValuationAllowancesAndReservesChargedToCostAndExpense
22000000 USD
CY2022Q1 us-gaap Valuation Allowances And Reserves Balance
ValuationAllowancesAndReservesBalance
137000000 USD
CY2021Q4 us-gaap Valuation Allowances And Reserves Balance
ValuationAllowancesAndReservesBalance
122000000 USD
CY2021Q1 us-gaap Valuation Allowances And Reserves Charged To Cost And Expense
ValuationAllowancesAndReservesChargedToCostAndExpense
4000000 USD
CY2022Q1 us-gaap Equity Securities Fv Ni And Without Readily Determinable Fair Value
EquitySecuritiesFvNiAndWithoutReadilyDeterminableFairValue
434000000 USD
CY2021Q4 us-gaap Equity Securities Fv Ni And Without Readily Determinable Fair Value
EquitySecuritiesFvNiAndWithoutReadilyDeterminableFairValue
297000000 USD
CY2022Q1 us-gaap Gain Loss On Investments
GainLossOnInvestments
34000000 USD
CY2021Q1 us-gaap Gain Loss On Investments
GainLossOnInvestments
0 USD
CY2022Q1 us-gaap Contract With Customer Liability
ContractWithCustomerLiability
574000000 USD
CY2021Q4 us-gaap Contract With Customer Liability
ContractWithCustomerLiability
581000000 USD
CY2022Q1 adm Contract With Customer Liability Revenue Recognized With Opening Balance
ContractWithCustomerLiabilityRevenueRecognizedWithOpeningBalance
324000000 USD
CY2022Q1 us-gaap Revenue From Contract With Customer Excluding Assessed Tax
RevenueFromContractWithCustomerExcludingAssessedTax
23650000000 USD
CY2021Q1 us-gaap Revenue From Contract With Customer Excluding Assessed Tax
RevenueFromContractWithCustomerExcludingAssessedTax
18893000000 USD
CY2022Q1 us-gaap Fair Value Assets Measured On Recurring Basis Change In Unrealized Gain Loss
FairValueAssetsMeasuredOnRecurringBasisChangeInUnrealizedGainLoss
1400000000 USD
CY2022Q1 us-gaap Fair Value Liabilities Measured On Recurring Basis Change In Unrealized Gain Loss
FairValueLiabilitiesMeasuredOnRecurringBasisChangeInUnrealizedGainLoss
-1400000000 USD
CY2021Q1 us-gaap Fair Value Assets Measured On Recurring Basis Change In Unrealized Gain Loss
FairValueAssetsMeasuredOnRecurringBasisChangeInUnrealizedGainLoss
847000000 USD
CY2021Q1 us-gaap Fair Value Liabilities Measured On Recurring Basis Change In Unrealized Gain Loss
FairValueLiabilitiesMeasuredOnRecurringBasisChangeInUnrealizedGainLoss
-383000000 USD
CY2022Q1 us-gaap Revenues
Revenues
23650000000 USD
CY2022Q1 us-gaap Cost Of Revenue
CostOfRevenue
21753000000 USD
CY2022Q1 adm Foreign Debtusedin Net Investment Hedge Netof Tax
ForeignDebtusedinNetInvestmentHedgeNetofTax
113000000 USD
CY2022Q1 us-gaap Other Nonoperating Income Expense
OtherNonoperatingIncomeExpense
33000000 USD
CY2022Q1 us-gaap Interest Expense
InterestExpense
92000000 USD
CY2022Q1 us-gaap Derivative Instruments Not Designated As Hedging Instruments Gain Loss Net
DerivativeInstrumentsNotDesignatedAsHedgingInstrumentsGainLossNet
-688000000 USD
CY2021Q1 us-gaap Revenues
Revenues
18893000000 USD
CY2021Q1 us-gaap Cost Of Revenue
CostOfRevenue
17345000000 USD
CY2021Q1 us-gaap Other Nonoperating Income Expense
OtherNonoperatingIncomeExpense
33000000 USD
CY2021Q1 us-gaap Interest Expense
InterestExpense
87000000 USD
CY2021Q1 us-gaap Derivative Instruments Not Designated As Hedging Instruments Gain Loss Net
DerivativeInstrumentsNotDesignatedAsHedgingInstrumentsGainLossNet
-914000000 USD
CY2022Q1 adm Unrealizedgainlossoninterestratecashflowhedgesaftertax Aoci
UnrealizedgainlossoninterestratecashflowhedgesaftertaxAOCI
49000000 USD
CY2021Q4 adm Unrealizedgainlossoninterestratecashflowhedgesaftertax Aoci
UnrealizedgainlossoninterestratecashflowhedgesaftertaxAOCI
35000000 USD
CY2022Q1 adm Corn Processed Per Month
CornProcessedPerMonth
65000000 bu
CY2022Q1 us-gaap Revenues
Revenues
23650000000 USD
CY2022Q1 us-gaap Cost Of Revenue
CostOfRevenue
21753000000 USD
CY2021Q1 us-gaap Revenues
Revenues
18893000000 USD
CY2021Q1 us-gaap Cost Of Revenue
CostOfRevenue
17345000000 USD
CY2022Q1 us-gaap Notional Amount Of Nonderivative Instruments
NotionalAmountOfNonderivativeInstruments
2600000000 EUR
CY2021Q1 us-gaap Notional Amount Of Nonderivative Instruments
NotionalAmountOfNonderivativeInstruments
1800000000 EUR
CY2021Q4 adm Foreign Debtusedin Net Investment Hedge Netof Tax
ForeignDebtusedinNetInvestmentHedgeNetofTax
55000000 USD
CY2022Q1 us-gaap Derivative Assets
DerivativeAssets
2934000000 USD
CY2021Q4 us-gaap Derivative Assets
DerivativeAssets
1646000000 USD
CY2022Q1 us-gaap Margin Deposit Assets
MarginDepositAssets
1112000000 USD
CY2021Q4 us-gaap Margin Deposit Assets
MarginDepositAssets
600000000 USD
CY2022Q1 us-gaap Receivables From Customers
ReceivablesFromCustomers
1539000000 USD
CY2021Q4 us-gaap Receivables From Customers
ReceivablesFromCustomers
1179000000 USD
CY2022Q1 us-gaap Notes Receivable Net
NotesReceivableNet
233000000 USD
CY2021Q4 us-gaap Notes Receivable Net
NotesReceivableNet
189000000 USD
CY2022Q1 us-gaap Premiums Receivable At Carrying Value
PremiumsReceivableAtCarryingValue
26000000 USD
CY2021Q4 us-gaap Premiums Receivable At Carrying Value
PremiumsReceivableAtCarryingValue
20000000 USD
CY2022Q1 us-gaap Prepaid Expense Current
PrepaidExpenseCurrent
377000000 USD
CY2021Q4 us-gaap Prepaid Expense Current
PrepaidExpenseCurrent
370000000 USD
CY2022Q1 adm Biodieseltaxcredit
Biodieseltaxcredit
70000000 USD
CY2021Q4 adm Biodieseltaxcredit
Biodieseltaxcredit
79000000 USD
CY2022Q1 adm Taxreceivables
Taxreceivables
764000000 USD
CY2021Q4 adm Taxreceivables
Taxreceivables
708000000 USD
CY2022Q1 us-gaap Other Receivables
OtherReceivables
421000000 USD
CY2021Q4 us-gaap Other Receivables
OtherReceivables
285000000 USD
CY2022Q1 us-gaap Other Assets Miscellaneous Current
OtherAssetsMiscellaneousCurrent
241000000 USD
CY2021Q4 us-gaap Other Assets Miscellaneous Current
OtherAssetsMiscellaneousCurrent
82000000 USD
CY2022Q1 us-gaap Other Assets Current
OtherAssetsCurrent
7717000000 USD
CY2021Q4 us-gaap Other Assets Current
OtherAssetsCurrent
5158000000 USD
CY2022Q1 us-gaap Financing Receivable Allowance For Credit Losses
FinancingReceivableAllowanceForCreditLosses
5000000 USD
CY2021Q4 us-gaap Financing Receivable Allowance For Credit Losses
FinancingReceivableAllowanceForCreditLosses
4000000 USD
CY2022Q1 adm Interestonfinancingreceivables
Interestonfinancingreceivables
4000000 USD
CY2021Q4 us-gaap Reinsurance Recoverables
ReinsuranceRecoverables
27000000 USD
CY2022Q1 us-gaap Reinsurance Recoverables
ReinsuranceRecoverables
27000000 USD
CY2022Q1 adm Accrued Expenses And Other Payables Disclosure
AccruedExpensesAndOtherPayablesDisclosure
Accrued Expenses and Other Payables<div style="text-align:justify"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:120%">The following table sets forth the items in accrued expenses and other payables:</span></div><div style="margin-top:5pt"><table style="border-collapse:collapse;display:inline-table;margin-bottom:5pt;vertical-align:text-bottom;width:99.415%"><tr><td style="width:1.0%"/><td style="width:69.929%"/><td style="width:0.1%"/><td style="width:1.0%"/><td style="width:13.017%"/><td style="width:0.1%"/><td style="width:0.1%"/><td style="width:0.535%"/><td style="width:0.1%"/><td style="width:1.0%"/><td style="width:13.019%"/><td style="width:0.1%"/></tr><tr><td colspan="3" style="padding:0 1pt"/><td colspan="3" style="padding:2px 1pt;text-align:center;vertical-align:bottom"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:700;line-height:100%">March 31,</span></td><td colspan="3" style="padding:0 1pt"/><td colspan="3" style="padding:2px 1pt;text-align:center;vertical-align:bottom"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:700;line-height:100%">December 31,</span></td></tr><tr><td colspan="3" style="padding:0 1pt"/><td colspan="3" style="padding:2px 1pt;text-align:center;vertical-align:bottom"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:700;line-height:100%">2022</span></td><td colspan="3" style="border-bottom:2pt solid #000000;padding:0 1pt"/><td colspan="3" style="border-bottom:2pt solid #000000;padding:2px 1pt;text-align:center;vertical-align:bottom"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:700;line-height:100%">2021</span></td></tr><tr><td colspan="3" style="padding:2px 1pt;text-align:left;vertical-align:bottom"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%"> </span></td><td colspan="9" style="border-top:2pt solid #000000;padding:2px 1pt;text-align:center;vertical-align:bottom"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%">(In millions)</span></td></tr><tr><td colspan="3" style="display:none"/><td colspan="3" style="display:none"/><td colspan="3" style="display:none"/><td colspan="3" style="display:none"/></tr><tr><td colspan="3" style="padding:2px 1pt;text-align:justify;vertical-align:bottom"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%">Unrealized losses on derivative contracts</span></td><td style="padding:2px 0 2px 1pt;text-align:left;vertical-align:bottom"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:700;line-height:100%">$</span></td><td style="padding:2px 0;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:700;line-height:100%">3,639</span><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%"> </span></td><td style="padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"/><td colspan="3" style="padding:0 1pt"/><td style="padding:2px 0 2px 1pt;text-align:left;vertical-align:bottom"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%">$</span></td><td style="padding:2px 0;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%">1,950 </span></td><td style="padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"/></tr><tr><td colspan="3" style="padding:2px 1pt;text-align:justify;vertical-align:bottom"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%">Accrued compensation</span></td><td colspan="2" style="padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:700;line-height:100%">332</span><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%"> </span></td><td style="padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"/><td colspan="3" style="padding:0 1pt"/><td colspan="2" style="padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%">445 </span></td><td style="padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"/></tr><tr><td colspan="3" style="padding:2px 1pt;text-align:justify;vertical-align:bottom"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%">Income tax payable</span></td><td colspan="2" style="padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:700;line-height:100%">211</span><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%"> </span></td><td style="padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"/><td colspan="3" style="padding:0 1pt"/><td colspan="2" style="padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%">132 </span></td><td style="padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"/></tr><tr><td colspan="3" style="padding:2px 1pt;text-align:justify;vertical-align:bottom"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%">Other taxes payable</span></td><td colspan="2" style="padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:700;line-height:100%">178</span><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%"> </span></td><td style="padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"/><td colspan="3" style="padding:0 1pt"/><td colspan="2" style="padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%">168 </span></td><td style="padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"/></tr><tr><td colspan="3" style="display:none"/><td colspan="3" style="display:none"/><td colspan="3" style="display:none"/><td colspan="3" style="display:none"/></tr><tr><td colspan="3" style="display:none"/><td colspan="3" style="display:none"/><td colspan="3" style="display:none"/><td colspan="3" style="display:none"/></tr><tr><td colspan="3" style="padding:2px 1pt;text-align:justify;vertical-align:bottom"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%">Insurance claims payable</span></td><td colspan="2" style="padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:700;line-height:100%">235</span><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%"> </span></td><td style="padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"/><td colspan="3" style="padding:0 1pt"/><td colspan="2" style="padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%">220 </span></td><td style="padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"/></tr><tr><td colspan="3" style="padding:2px 1pt;text-align:justify;vertical-align:bottom"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%">Contract liability</span></td><td colspan="2" style="padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:700;line-height:100%">574</span><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%"> </span></td><td style="padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"/><td colspan="3" style="padding:0 1pt"/><td colspan="2" style="padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%">581 </span></td><td style="padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"/></tr><tr><td colspan="3" style="display:none"/><td colspan="3" style="display:none"/><td colspan="3" style="display:none"/><td colspan="3" style="display:none"/></tr><tr><td colspan="3" style="display:none"/><td colspan="3" style="display:none"/><td colspan="3" style="display:none"/><td colspan="3" style="display:none"/></tr><tr><td colspan="3" style="padding:2px 1pt;text-align:justify;vertical-align:bottom"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%">Other accruals and payables</span></td><td colspan="2" style="padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:700;line-height:100%">1,194</span><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%"> </span></td><td style="padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"/><td colspan="3" style="padding:0 1pt"/><td colspan="2" style="padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%">1,294 </span></td><td style="padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"/></tr><tr><td colspan="3" style="padding:2px 1pt;text-align:left;vertical-align:bottom"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%"> </span></td><td style="border-bottom:3pt double #000000;border-top:2pt solid #000000;padding:2px 0 2px 1pt;text-align:left;vertical-align:bottom"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:700;line-height:100%">$</span></td><td style="border-bottom:3pt double #000000;border-top:2pt solid #000000;padding:2px 0;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:700;line-height:100%">6,363</span><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%"> </span></td><td style="border-bottom:3pt double #000000;border-top:2pt solid #000000;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"/><td colspan="3" style="padding:0 1pt"/><td style="border-bottom:3pt double #000000;border-top:2pt solid #000000;padding:2px 0 2px 1pt;text-align:left;vertical-align:bottom"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%">$</span></td><td style="border-bottom:3pt double #000000;border-top:2pt solid #000000;padding:2px 0;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%">4,790 </span></td><td style="border-bottom:3pt double #000000;border-top:2pt solid #000000;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"/></tr></table></div>
CY2022Q1 us-gaap Derivative Liabilities
DerivativeLiabilities
3639000000 USD
CY2021Q4 us-gaap Derivative Liabilities
DerivativeLiabilities
1950000000 USD
CY2022Q1 us-gaap Employee Related Liabilities Current And Noncurrent
EmployeeRelatedLiabilitiesCurrentAndNoncurrent
332000000 USD
CY2021Q4 us-gaap Employee Related Liabilities Current And Noncurrent
EmployeeRelatedLiabilitiesCurrentAndNoncurrent
445000000 USD
CY2022Q1 us-gaap Accrued Income Taxes Current
AccruedIncomeTaxesCurrent
211000000 USD
CY2021Q4 us-gaap Accrued Income Taxes Current
AccruedIncomeTaxesCurrent
132000000 USD
CY2022Q1 us-gaap Accrual For Taxes Other Than Income Taxes Current
AccrualForTaxesOtherThanIncomeTaxesCurrent
178000000 USD
CY2021Q4 us-gaap Accrual For Taxes Other Than Income Taxes Current
AccrualForTaxesOtherThanIncomeTaxesCurrent
168000000 USD
CY2022Q1 us-gaap Liability For Claims And Claims Adjustment Expense
LiabilityForClaimsAndClaimsAdjustmentExpense
235000000 USD
CY2021Q4 us-gaap Liability For Claims And Claims Adjustment Expense
LiabilityForClaimsAndClaimsAdjustmentExpense
220000000 USD
CY2022Q1 us-gaap Contract With Customer Liability
ContractWithCustomerLiability
574000000 USD
CY2021Q4 us-gaap Contract With Customer Liability
ContractWithCustomerLiability
581000000 USD
CY2022Q1 us-gaap Accrued Liabilities Current
AccruedLiabilitiesCurrent
1194000000 USD
CY2021Q4 us-gaap Accrued Liabilities Current
AccruedLiabilitiesCurrent
1294000000 USD
CY2022Q1 us-gaap Other Liabilities Current
OtherLiabilitiesCurrent
6363000000 USD
CY2021Q4 us-gaap Other Liabilities Current
OtherLiabilitiesCurrent
4790000000 USD
CY2022Q1 adm Fair Value Long Term Debt Excess Over Carrying Value
FairValueLongTermDebtExcessOverCarryingValue
1000000000 USD
CY2022Q1 us-gaap Effective Income Tax Rate Continuing Operations
EffectiveIncomeTaxRateContinuingOperations
0.163
CY2021Q1 us-gaap Effective Income Tax Rate Continuing Operations
EffectiveIncomeTaxRateContinuingOperations
0.159
CY2021Q4 us-gaap Accumulated Other Comprehensive Income Loss Net Of Tax
AccumulatedOtherComprehensiveIncomeLossNetOfTax
-2172000000 USD
CY2022Q1 us-gaap Other Comprehensive Income Loss Before Reclassifications Before Tax
OtherComprehensiveIncomeLossBeforeReclassificationsBeforeTax
412000000 USD
CY2022Q1 us-gaap Other Comprehensive Income Loss Net Investment Hedge Gain Loss Before Reclassification And Tax
OtherComprehensiveIncomeLossNetInvestmentHedgeGainLossBeforeReclassificationAndTax
123000000 USD
CY2022Q1 us-gaap Reclassification From Accumulated Other Comprehensive Income Current Period Before Tax
ReclassificationFromAccumulatedOtherComprehensiveIncomeCurrentPeriodBeforeTax
67000000 USD
CY2022Q1 us-gaap Other Comprehensive Income Loss Tax Portion Attributable To Parent1
OtherComprehensiveIncomeLossTaxPortionAttributableToParent1
85000000 USD
CY2022Q1 us-gaap Other Comprehensive Income Loss Net Of Tax Portion Attributable To Parent
OtherComprehensiveIncomeLossNetOfTaxPortionAttributableToParent
383000000 USD
CY2022Q1 us-gaap Accumulated Other Comprehensive Income Loss Net Of Tax
AccumulatedOtherComprehensiveIncomeLossNetOfTax
-1789000000 USD
CY2022Q1 adm Gain Losson Saleand Revaluationof Assets
GainLossonSaleandRevaluationofAssets
0 USD
CY2021Q1 adm Gain Losson Saleand Revaluationof Assets
GainLossonSaleandRevaluationofAssets
11000000 USD
CY2022Q1 adm Othernet
Othernet
33000000 USD
CY2022Q1 us-gaap Net Periodic Defined Benefits Expense Reversal Of Expense Excluding Service Cost Component
NetPeriodicDefinedBenefitsExpenseReversalOfExpenseExcludingServiceCostComponent
-6000000 USD
CY2021Q1 adm Othernet
Othernet
22000000 USD
CY2022Q1 us-gaap Other Nonoperating Income Expense
OtherNonoperatingIncomeExpense
33000000 USD
CY2021Q1 us-gaap Other Nonoperating Income Expense
OtherNonoperatingIncomeExpense
33000000 USD
CY2021Q1 us-gaap Net Periodic Defined Benefits Expense Reversal Of Expense Excluding Service Cost Component
NetPeriodicDefinedBenefitsExpenseReversalOfExpenseExcludingServiceCostComponent
-6000000 USD
CY2022Q1 us-gaap Number Of Reportable Segments
NumberOfReportableSegments
3 segment
CY2022Q1 us-gaap Revenues
Revenues
23650000000 USD
CY2021Q1 us-gaap Revenues
Revenues
18893000000 USD
CY2022Q1 us-gaap Revenues
Revenues
23650000000 USD
CY2021Q1 us-gaap Revenues
Revenues
18893000000 USD
CY2022Q1 us-gaap Income Loss From Continuing Operations Before Income Taxes Extraordinary Items Noncontrolling Interest
IncomeLossFromContinuingOperationsBeforeIncomeTaxesExtraordinaryItemsNoncontrollingInterest
1271000000 USD
CY2021Q1 us-gaap Income Loss From Continuing Operations Before Income Taxes Extraordinary Items Noncontrolling Interest
IncomeLossFromContinuingOperationsBeforeIncomeTaxesExtraordinaryItemsNoncontrollingInterest
824000000 USD
CY2022Q1 us-gaap Proceeds From Sale Of Other Receivables
ProceedsFromSaleOfOtherReceivables
13700000000 USD
CY2021Q1 us-gaap Proceeds From Sale Of Other Receivables
ProceedsFromSaleOfOtherReceivables
10500000000 USD
CY2021Q1 us-gaap Asset Impairment Charges
AssetImpairmentCharges
31000000 USD
CY2021Q1 us-gaap Restructuring Charges
RestructuringCharges
23000000 USD
CY2022Q1 us-gaap Transfer Of Financial Assets Accounted For As Sales Fair Value Of Derecognized Assets
TransferOfFinancialAssetsAccountedForAsSalesFairValueOfDerecognizedAssets
2300000000 USD
CY2021Q4 us-gaap Transfer Of Financial Assets Accounted For As Sales Fair Value Of Derecognized Assets
TransferOfFinancialAssetsAccountedForAsSalesFairValueOfDerecognizedAssets
2200000000 USD
CY2022Q1 adm Amount Of Receivables Sold
AmountOfReceivablesSold
14300000000 USD
CY2021Q1 adm Amount Of Receivables Sold
AmountOfReceivablesSold
12100000000 USD
CY2022Q1 us-gaap Pledged Assets Not Separately Reported Finance Receivables
PledgedAssetsNotSeparatelyReportedFinanceReceivables
800000000 USD
CY2021Q4 us-gaap Pledged Assets Not Separately Reported Finance Receivables
PledgedAssetsNotSeparatelyReportedFinanceReceivables
500000000 USD
CY2022Q1 us-gaap Gain Loss On Sale Of Accounts Receivable
GainLossOnSaleOfAccountsReceivable
-5000000 USD
CY2021Q1 us-gaap Gain Loss On Sale Of Accounts Receivable
GainLossOnSaleOfAccountsReceivable
-4000000 USD

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