Corteva, Inc. - Understand $ctva stock

$CTVA Market Cap: $42.04 Billion

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Financial Snapshot

Revenue

$16.64B

TTM

Gross Margin

41.1%

TTM

Net Earnings

$695.0M

TTM

Current Assets

$15.65B

Q3 2024

Current Liabilities

$10.42B

Q3 2024

Current Ratio

150.12%

Q3 2024

Total Assets

$41.91B

Q3 2024

Total Liabilities

$16.93B

Q3 2024

Book Value

$24.98B

Q3 2024

Cash

$2.421B

Q3 2024

P/E

60.49

Nov 29, 2024 EST

Free Cash Flow

$1.746B

TTM

Revenues

Revenue YoY Change

Revenues

Concept	2023	2022	2021	2020	2019	2018	2017	2016
Revenue	$17.23B	$17.46B	$15.66B	$14.22B	$13.85B	$14.29B	$14.09B	$13.90B
YoY Change	-1.31%	11.5%	10.11%	2.68%	-3.09%	1.39%	1.4%

Expenses

Cost Of Revenues

Gross Profit

Gross Profit Margin

Gross Profit

Concept	2023	2022	2021	2020	2019	2018	2017	2016
Revenue	$17.23B	$17.46B	$15.66B	$14.22B	$13.85B	$14.29B	$14.09B	$13.90B
Cost Of Revenue	$9.920B	$10.44B	$9.220B	$8.507B	$8.575B	$9.948B	$8.292B	$8.283B
Gross Profit	$7.306B	$7.019B	$6.435B	$5.710B	$5.271B	$4.339B	$5.799B	$5.613B
Gross Profit Margin	42.41%	40.21%	41.11%	40.16%	38.07%	30.37%	41.15%	40.39%

Selling, General & Admin Expense

Research & Development

Depreciation, Depletion & Amortization

SGA Expense to Gross Profit Ratio

R&D To Gross Profit Ratio

DDA To Gross Profit Ratio

Operating Expenses Total

Operating Profits/Loss

Operational Expenses

Concept	2023	2022	2021	2020	2019	2018	2017	2016
Selling, General & Admin	$3.176B	$3.173B	$3.209B	$3.043B	$3.065B	$3.041B	$2.944B	$2.910B
YoY Change	0.09%	-1.12%	5.46%	-0.72%	0.79%	3.29%	1.17%
% of Gross Profit	43.47%	45.21%	49.87%	53.29%	58.15%	70.09%	50.77%	51.84%
Research & Development	$1.337B	$1.216B	$1.187B	$1.142B	$1.147B	$1.355B	$1.509B	$1.507B
YoY Change	9.95%	2.44%	3.94%	-0.44%	-15.35%	-10.21%	0.13%
% of Gross Profit	18.3%	17.32%	18.45%	20.0%	21.76%	31.23%	26.02%	26.85%
Depreciation & Amortization	$1.211B	$1.223B	$521.0M	$495.0M	$1.599B	$2.790B	$270.0M	$247.0M
YoY Change	-0.98%	134.74%	5.25%	-69.04%	-42.69%	933.33%	9.31%
% of Gross Profit	16.58%	17.42%	8.1%	8.67%	30.34%	64.3%	4.66%	4.4%
Operating Expenses	$4.513B	$5.091B	$4.396B	$4.185B	$4.212B	$4.396B	$4.723B	$4.664B
YoY Change	-11.35%	15.81%	5.04%	-0.64%	-4.19%	-6.92%	1.27%
Operating Profit	$2.793B	$1.928B	$2.039B	$1.525B	$1.059B	-$57.00M	$1.076B	$949.0M
YoY Change	44.87%	-5.44%	33.7%	44.0%	-1957.89%	-105.3%	13.38%

Interest Expenses

Interest Expenses To Operating Income %

Other Expense/Income

Interest & Other Expense/Income

Concept	2023	2022	2021	2020	2019	2018	2017	2016
Interest Expense	-$233.0M	-$79.00M	$7.000M	-$163.0M	-$185.0M	-$379.0M	-$74.00M	-$101.0M
YoY Change	194.94%	-1228.57%	-104.29%	-11.89%	-51.19%	412.16%	-26.73%
% of Operating Profit	-8.34%	-4.1%	0.34%	-10.69%	-17.47%		-6.88%	-10.64%
Other Income/Expense, Net	-$448.0M	-$60.00M	$1.348B	$212.0M	$215.0M	$249.0M	-$899.0M	-$73.00M
YoY Change	646.67%	-104.45%	535.85%	-1.4%	-13.65%	-127.7%	1131.51%

Income/Loss

Pretax Income

Income Tax

Net Profits/Loss

Pretax Income YoY Change

Income Tax Rate

Net Profits/Loss YoY Change

Basic EPS

Net Income To Revenue Ratio

Pretax & Net Income

Concept	2023	2022	2021	2020	2019	2018	2017	2016
Pretax Income	$1.093B	$1.426B	$2.346B	$675.0M	-$316.0M	-$6.806B	-$385.0M	$248.0M
YoY Change	-23.35%	-39.22%	247.56%	-313.61%	-95.36%	1667.79%	-255.24%
Income Tax	$152.0M	$210.0M	$524.0M	-$81.00M	-$46.00M	-$31.00M	-$2.946B	-$273.0M
% Of Pretax Income	13.91%	14.73%	22.34%	-12.0%				-110.08%
Net Earnings	$735.0M	$1.147B	$1.759B	$681.0M	-$959.0M	-$5.065B	$2.526B	$496.0M
YoY Change	-35.92%	-34.79%	158.3%	-171.01%	-81.07%	-300.51%	409.27%
Net Earnings / Revenue	4.27%	6.57%	11.24%	4.79%	-6.93%	-35.45%	17.93%	3.57%
Basic Earnings Per Share	$1.04	$1.59	$2.39	$0.91	-$1.28	-$6.76
Diluted Earnings Per Share	$1.03	$1.583M	$2.37	$0.91	-$1.28	-$6.76	$3.372M	$662.2K

Assets & Liabilities

Cash & Short-Term Investments

Cash & Equivalents

Cash To Operating Expenses Ratio

Inventory

Receivables

Total Short-Term Assets

Property, Plant And Equipment

Long-Term Investments

Total Long-Term Assets

Total Assets

Net Income To Total Assets Percentage

Accounts Payable

Short-Term Debt

Long Term Debt Due

Total Short-Term Liabilities

Long-Term Debt

Other Long-Term Liabilities

Total Long-Term Liabilities

Total Liabilities

Short-Term To Long-Term Debt Ratio

Short-Term Assets To Debt Ratio

Long-Term Debt To Net Income Ratio

Assets & Liabilities

Concept	2023	2022	2021	2020	2019	2018
Cash & Short-Term Investments	$2.742B	$3.315B	$4.545B	$3.795B	$1.769B	$2.275B
YoY Change	-17.29%	-27.06%	19.76%	114.53%	-22.24%
Cash & Equivalents	$2.644B	$3.191B	$4.459B	$3.526B	$1.764B	$2.270B
Short-Term Investments	$98.00M	$124.0M	$86.00M	$269.0M	$5.000M	$5.000M
Other Short-Term Assets	$1.131B	$968.0M	$1.010B	$1.165B	$1.190B	$10.13B
YoY Change	16.84%	-4.16%	-13.3%	-2.1%	-88.25%
Inventory	$6.899B	$6.811B	$5.180B	$4.882B	$5.032B	$5.310B
Prepaid Expenses
Receivables	$4.237B	$4.194B	$3.441B	$3.917B	$4.396B	$3.843B
Other Receivables	$1.278B	$1.533B	$1.370B	$1.009B	$1.132B	$1.417B
Total Short-Term Assets	$16.26B	$16.80B	$15.55B	$14.77B	$13.52B	$22.97B
YoY Change	-3.19%	8.03%	5.27%	9.24%	-41.15%
Property, Plant & Equipment	$4.287B	$4.254B	$4.787B	$4.917B	$5.101B	$4.544B
YoY Change	0.78%	-11.13%	-2.64%	-3.61%	12.26%
Goodwill
YoY Change
Intangibles
YoY Change
Long-Term Investments	$115.0M	$102.0M	$76.00M	$66.00M	$66.00M	$138.0M
YoY Change	12.75%	34.21%	15.15%	0.0%	-52.17%
Other Assets	$2.103B	$2.166B	$1.784B	$1.882B	$2.058B	$58.78B
YoY Change	-2.91%	21.41%	-5.21%	-8.55%	-96.5%
Total Long-Term Assets	$26.74B	$25.82B	$26.80B	$27.88B	$28.88B	$85.71B
YoY Change	3.54%	-3.64%	-3.88%	-3.45%	-66.31%
Total Assets	$43.00B	$42.62B	$42.34B	$42.65B	$42.40B	$108.7B
YoY Change
Accounts Payable	$4.280B	$4.895B	$4.126B	$3.615B	$3.702B	$3.798B
YoY Change	-12.56%	18.64%	14.14%	-2.35%	-2.53%
Accrued Expenses	$2.351B	$2.254B	$2.068B	$4.807B	$4.434B	$4.005B
YoY Change	4.3%	8.99%	-56.98%	8.41%	10.71%
Deferred Revenue
YoY Change
Short-Term Debt	$0.00	$23.00M	$16.00M	$2.000M	$2.000M	$1.866B
YoY Change	-100.0%	43.75%	700.0%	0.0%	-99.89%
Long-Term Debt Due	$198.0M	$24.00M	$1.000M	$1.000M	$5.000M	$288.0M
YoY Change	725.0%	2300.0%	0.0%	-80.0%	-98.26%
Total Short-Term Liabilities	$10.41B	$10.74B	$9.558B	$8.548B	$8.238B	$13.31B
YoY Change	-3.12%	12.41%	11.82%	3.76%	-38.11%
Long-Term Debt	$2.291B	$1.283B	$1.100B	$1.102B	$115.0M	$5.784B
YoY Change	78.57%	16.64%	-0.18%	858.26%	-98.01%
Other Long-Term Liabilities	$4.118B	$3.931B	$4.843B	$7.043B	$8.569B	$12.96B
YoY Change	4.76%	-18.83%	-31.24%	-17.81%	-33.86%
Total Long-Term Liabilities	$6.409B	$5.214B	$5.943B	$8.145B	$8.684B	$18.74B
YoY Change	22.92%	-12.27%	-27.03%	-6.21%	-53.66%
Total Liabilities	$17.96B	$17.32B	$16.96B	$17.83B	$18.09B	$34.02B
YoY Change	3.71%	2.1%	-4.85%	-1.45%	-46.84%

Ownership

Basic Shares Outstanding

Diluted Shares Outstanding

Preferred Stock

Treasury Stock Shares

Stock Issuance & Repurchase

Ownership Data

Concept	2023	2022	2021	2020	2019	2018
Basic Shares Outstanding	709.0M shares	720.8M shares	735.9M shares	748.7M shares	749.5M shares	749.4M shares
Diluted Shares Outstanding	711.9M shares	724.5M shares	741.6M shares	751.2M shares	749.5M shares	749.4M shares
Preferred Stock
Treasury Stock Shares

Return On Shareholders' Equity

Book Value

Free Cash Flow

Free Cash Flow YoY

Free Cash Flow Margin

Dividends

Stock Price

Market Cap: $42.042 Billion

About Corteva, Inc.

Corteva, Inc. engages in the provision of seed and crop protection solutions, which engages in the agriculture industry and food supply. The company is headquartered in Indianapolis, Indiana and currently employs 22,500 full-time employees. The company went IPO on 2019-05-24. The firm is a global provider of seed and crop protection solutions focused on the agriculture industry and contributing to a healthier food supply. The firm's Seed segment is developing and supplying advanced germplasm and traits that produce optimum yield for farms around the world. The segment is engaged in the seed markets, such as North America corn and soybeans, Europe corn and sunflower, as well as Brazil, India, South Africa, and Argentina corn. The segment also offers trait technologies that improve resistance to weather, disease, insects and enhance food. The firm's Crop Protection segment offers crop protection solutions and digital solutions that provide farmers with the tools they need to improve productivity and profitability, and help keep fields free of weeds, insects and diseases. The segment offers herbicides, insecticides, nitrogen stabilizers, pasture and range management herbicides and biologicals.

Industry: Agricultural Production-Crops Peers: AMERICAN VANGUARD CORP CF Industries Holdings, Inc. CVR PARTNERS, LP FMC CORP MOSAIC CO Intrepid Potash, Inc. SCOTTS MIRACLE-GRO CO