$INGR
Ingredion Inc

2023 Q2 Form 10-Q Financial Statement

#000104625723000017 Filed on May 08, 2023

View on sec.gov

Income Statement

Concept 2023 Q2 2023 Q1 2022 Q4
Revenue $2.069B $2.137B $1.987B
YoY Change 1.22% 12.95% 13.22%
Cost Of Revenue $1.628B $1.650B $1.636B
YoY Change -1.57% 9.05% 11.67%
Gross Profit $441.0M $487.0M $351.0M
YoY Change 13.08% 28.5% 21.03%
Gross Profit Margin 21.31% 22.79% 17.66%
Selling, General & Admin
YoY Change
% of Gross Profit
Research & Development
YoY Change
% of Gross Profit
Depreciation & Amortization $55.00M $54.00M $55.00M
YoY Change 1.85% 1.89% -15.38%
% of Gross Profit 12.47% 11.09% 15.67%
Operating Expenses $190.0M $196.0M $196.0M
YoY Change 8.57% 17.37% 9.5%
Operating Profit $251.0M $291.0M $155.0M
YoY Change 16.74% 38.57% 39.64%
Interest Expense -$30.00M -$32.00M -$34.00M
YoY Change 76.47% 33.33% 112.5%
% of Operating Profit -11.95% -11.0% -21.94%
Other Income/Expense, Net -$2.000M $0.00 $1.000M
YoY Change -100.0% -87.5%
Pretax Income $219.0M $259.0M $124.0M
YoY Change 11.73% 38.5% 58.97%
Income Tax $55.00M $65.00M $9.000M
% Of Pretax Income 25.11% 25.1% 7.26%
Net Earnings $163.0M $191.0M $114.0M
YoY Change 14.79% 46.92% 70.15%
Net Earnings / Revenue 7.88% 8.94% 5.74%
Basic Earnings Per Share $2.46 $2.89 $1.73
Diluted Earnings Per Share $2.42 $2.85 $1.71
COMMON SHARES
Basic Shares Outstanding 66.02M shares 65.95M shares 65.56M
Diluted Shares Outstanding 67.30M shares 67.10M shares

Balance Sheet

Concept 2023 Q2 2023 Q1 2022 Q4
SHORT-TERM ASSETS
Cash & Short-Term Investments $261.0M $221.0M $239.0M
YoY Change -18.94% -32.83% -29.71%
Cash & Equivalents $257.0M $216.0M $236.0M
Short-Term Investments $4.000M $5.000M $3.000M
Other Short-Term Assets $64.00M $63.00M $62.00M
YoY Change 14.29% 0.0% -1.59%
Inventory $1.618B $1.663B $1.597B
Prepaid Expenses $64.00M $63.00M $62.00M
Receivables $1.366B $1.455B $1.411B
Other Receivables $0.00 $0.00 $0.00
Total Short-Term Assets $3.311B $3.402B $3.309B
YoY Change 4.22% 8.72% 22.69%
LONG-TERM ASSETS
Property, Plant & Equipment $2.414B $2.397B $2.407B
YoY Change 1.64% -2.0% -0.66%
Goodwill $900.0M
YoY Change -1.53%
Intangibles $401.0M
YoY Change -7.6%
Long-Term Investments $116.0M $116.0M $113.0M
YoY Change 9.43% 8.65%
Other Assets $564.0M $549.0M $544.0M
YoY Change 7.63% 5.37% 2.45%
Total Long-Term Assets $4.289B $4.243B $4.252B
YoY Change 1.83% -1.46% -1.16%
TOTAL ASSETS
Total Short-Term Assets $3.311B $3.402B $3.309B
Total Long-Term Assets $4.289B $4.243B $4.252B
Total Assets $7.600B $7.645B $7.561B
YoY Change 2.86% 2.82% 8.03%
SHORT-TERM LIABILITIES
YoY Change
Accounts Payable $1.198B $1.191B $873.0M
YoY Change 0.42% -1.33% 12.79%
Accrued Expenses $466.0M
YoY Change 8.37%
Deferred Revenue
YoY Change
Short-Term Debt $522.0M $701.0M $543.0M
YoY Change -19.94% 36.38% 76.3%
Long-Term Debt Due
YoY Change
Total Short-Term Liabilities $1.720B $1.892B $1.882B
YoY Change -6.78% 9.94% 24.47%
LONG-TERM LIABILITIES
Long-Term Debt $1.939B $1.938B $1.940B
YoY Change 11.5% 11.44% 11.62%
Other Long-Term Liabilities $509.0M $488.0M $85.00M
YoY Change -11.32% -17.57% 3.66%
Total Long-Term Liabilities $1.939B $2.426B $2.025B
YoY Change -16.17% 39.51% 11.26%
TOTAL LIABILITIES
Total Short-Term Liabilities $1.720B $1.892B $1.882B
Total Long-Term Liabilities $1.939B $2.426B $2.025B
Total Liabilities $4.125B $4.382B $4.299B
YoY Change -2.78% 8.98% 13.91%
SHAREHOLDERS EQUITY
Retained Earnings $4.469B $4.354B $4.210B
YoY Change 9.23% 7.98%
Common Stock $1.143B $1.134B $1.133B
YoY Change -2.33% -2.24%
Preferred Stock
YoY Change
Treasury Stock (at cost)
YoY Change
Treasury Stock Shares
Shareholders Equity $3.377B $3.263B $3.147B
YoY Change
Total Liabilities & Shareholders Equity $7.600B $7.645B $7.561B
YoY Change 2.86% 2.82% 8.03%

Cashflow Statement

Concept 2023 Q2 2023 Q1 2022 Q4
OPERATING ACTIVITIES
Net Income $163.0M $191.0M $114.0M
YoY Change 14.79% 46.92% 70.15%
Depreciation, Depletion And Amortization $55.00M $54.00M $55.00M
YoY Change 1.85% 1.89% -15.38%
Cash From Operating Activities $330.0M -$51.00M $72.00M
YoY Change 587.5% -1.92% -45.86%
INVESTING ACTIVITIES
Capital Expenditures $78.00M $76.00M $97.00M
YoY Change -232.2% -10.59% -185.09%
Acquisitions
YoY Change
Other Investing Activities -$1.000M -$5.000M -$21.00M
YoY Change 0.0% 25.0% -223.53%
Cash From Investing Activities -$79.00M -$81.00M -$118.0M
YoY Change 31.67% 6.58% 21.65%
FINANCING ACTIVITIES
Cash Dividend Paid $47.00M
YoY Change 9.3%
Common Stock Issuance & Retirement, Net
YoY Change
Debt Paid & Issued, Net
YoY Change
Cash From Financing Activities -210.0M 113.0M -19.00M
YoY Change -907.69% -5.04% -86.13%
NET CHANGE
Cash From Operating Activities 330.0M -51.00M 72.00M
Cash From Investing Activities -79.00M -81.00M -118.0M
Cash From Financing Activities -210.0M 113.0M -19.00M
Net Change In Cash 41.00M -19.00M -65.00M
YoY Change 192.86% 375.0% -35.64%
FREE CASH FLOW
Cash From Operating Activities $330.0M -$51.00M $72.00M
Capital Expenditures $78.00M $76.00M $97.00M
Free Cash Flow $252.0M -$127.0M -$25.00M
YoY Change 135.51% -7.3% -110.12%

Facts In Submission

Frame Concept Type Concept / XBRL Key Value Unit

Files In Submission

Name View Source Status
FilingSummary.xml Edgar Link unprocessable
0001046257-23-000017-index-headers.html Edgar Link pending
0001046257-23-000017-index.html Edgar Link pending
0001046257-23-000017.txt Edgar Link pending
0001046257-23-000017-xbrl.zip Edgar Link pending
ex101-offerletterfullyex.htm Edgar Link pending
ex101-offerletterfullyex001.jpg Edgar Link pending
ex101-offerletterfullyex002.jpg Edgar Link pending
ex101-offerletterfullyex003.jpg Edgar Link pending
ex101-offerletterfullyex004.jpg Edgar Link pending
ex101-offerletterfullyex005.jpg Edgar Link pending
ex101-offerletterfullyex006.jpg Edgar Link pending
ex101-offerletterfullyex007.jpg Edgar Link pending
ex101-offerletterfullyex008.jpg Edgar Link pending
ex102-ingredion2022credi.htm Edgar Link pending
ex102-ingredion2022credi001.jpg Edgar Link pending
ex102-ingredion2022credi002.jpg Edgar Link pending
ex102-ingredion2022credi003.jpg Edgar Link pending
ex102-ingredion2022credi004.jpg Edgar Link pending
ex102-ingredion2022credi005.jpg Edgar Link pending
ex102-ingredion2022credi006.jpg Edgar Link pending
ex102-ingredion2022credi007.jpg Edgar Link pending
ex102-ingredion2022credi008.jpg Edgar Link pending
ex102-ingredion2022credi009.jpg Edgar Link pending
ex102-ingredion2022credi010.jpg Edgar Link pending
ex102-ingredion2022credi011.jpg Edgar Link pending
ex102-ingredion2022credi012.jpg Edgar Link pending
ex102-ingredion2022credi013.jpg Edgar Link pending
ex102-ingredion2022credi014.jpg Edgar Link pending
ex102-ingredion2022credi015.jpg Edgar Link pending
ex102-ingredion2022credi016.jpg Edgar Link pending
ex102-ingredion2022credi017.jpg Edgar Link pending
ex102-ingredion2022credi018.jpg Edgar Link pending
ex102-ingredion2022credi019.jpg Edgar Link pending
ex102-ingredion2022credi020.jpg Edgar Link pending
ex102-ingredion2022credi021.jpg Edgar Link pending
ex102-ingredion2022credi022.jpg Edgar Link pending
ex102-ingredion2022credi023.jpg Edgar Link pending
ex102-ingredion2022credi024.jpg Edgar Link pending
ex102-ingredion2022credi025.jpg Edgar Link pending
ex102-ingredion2022credi026.jpg Edgar Link pending
ex102-ingredion2022credi027.jpg Edgar Link pending
ex102-ingredion2022credi028.jpg Edgar Link pending
ex102-ingredion2022credi029.jpg Edgar Link pending
ex102-ingredion2022credi030.jpg Edgar Link pending
ex102-ingredion2022credi031.jpg Edgar Link pending
ex102-ingredion2022credi032.jpg Edgar Link pending
ex102-ingredion2022credi033.jpg Edgar Link pending
ex102-ingredion2022credi034.jpg Edgar Link pending
ex102-ingredion2022credi035.jpg Edgar Link pending
ex102-ingredion2022credi036.jpg Edgar Link pending
ex102-ingredion2022credi037.jpg Edgar Link pending
ex102-ingredion2022credi038.jpg Edgar Link pending
ex102-ingredion2022credi039.jpg Edgar Link pending
ex102-ingredion2022credi040.jpg Edgar Link pending
ex102-ingredion2022credi041.jpg Edgar Link pending
ex102-ingredion2022credi042.jpg Edgar Link pending
ex102-ingredion2022credi043.jpg Edgar Link pending
ex102-ingredion2022credi044.jpg Edgar Link pending
ex102-ingredion2022credi045.jpg Edgar Link pending
ex102-ingredion2022credi046.jpg Edgar Link pending
ex102-ingredion2022credi047.jpg Edgar Link pending
ex102-ingredion2022credi048.jpg Edgar Link pending
ex102-ingredion2022credi049.jpg Edgar Link pending
ex102-ingredion2022credi050.jpg Edgar Link pending
ex102-ingredion2022credi051.jpg Edgar Link pending
ex102-ingredion2022credi052.jpg Edgar Link pending
ex102-ingredion2022credi053.jpg Edgar Link pending
ex102-ingredion2022credi054.jpg Edgar Link pending
ex102-ingredion2022credi055.jpg Edgar Link pending
ex102-ingredion2022credi056.jpg Edgar Link pending
ex102-ingredion2022credi057.jpg Edgar Link pending
ex102-ingredion2022credi058.jpg Edgar Link pending
ex102-ingredion2022credi059.jpg Edgar Link pending
ex102-ingredion2022credi060.jpg Edgar Link pending
ex102-ingredion2022credi061.jpg Edgar Link pending
ex102-ingredion2022credi062.jpg Edgar Link pending
ex102-ingredion2022credi063.jpg Edgar Link pending
ex102-ingredion2022credi064.jpg Edgar Link pending
ex102-ingredion2022credi065.jpg Edgar Link pending
ex102-ingredion2022credi066.jpg Edgar Link pending
ex102-ingredion2022credi067.jpg Edgar Link pending
ex102-ingredion2022credi068.jpg Edgar Link pending
ex102-ingredion2022credi069.jpg Edgar Link pending
ex102-ingredion2022credi070.jpg Edgar Link pending
ex102-ingredion2022credi071.jpg Edgar Link pending
ex102-ingredion2022credi072.jpg Edgar Link pending
ex102-ingredion2022credi073.jpg Edgar Link pending
ex102-ingredion2022credi074.jpg Edgar Link pending
ex102-ingredion2022credi075.jpg Edgar Link pending
ex102-ingredion2022credi076.jpg Edgar Link pending
ex102-ingredion2022credi077.jpg Edgar Link pending
ex102-ingredion2022credi078.jpg Edgar Link pending
ex102-ingredion2022credi079.jpg Edgar Link pending
ex102-ingredion2022credi080.jpg Edgar Link pending
ex102-ingredion2022credi081.jpg Edgar Link pending
ex102-ingredion2022credi082.jpg Edgar Link pending
ex102-ingredion2022credi083.jpg Edgar Link pending
ex102-ingredion2022credi084.jpg Edgar Link pending
ex102-ingredion2022credi085.jpg Edgar Link pending
ex102-ingredion2022credi086.jpg Edgar Link pending
ex102-ingredion2022credi087.jpg Edgar Link pending
ex102-ingredion2022credi088.jpg Edgar Link pending
ex102-ingredion2022credi089.jpg Edgar Link pending
ex102-ingredion2022credi090.jpg Edgar Link pending
ex102-ingredion2022credi091.jpg Edgar Link pending
ex102-ingredion2022credi092.jpg Edgar Link pending
ex102-ingredion2022credi093.jpg Edgar Link pending
ex102-ingredion2022credi094.jpg Edgar Link pending
ex102-ingredion2022credi095.jpg Edgar Link pending
ex102-ingredion2022credi096.jpg Edgar Link pending
ex102-ingredion2022credi097.jpg Edgar Link pending
ex102-ingredion2022credi098.jpg Edgar Link pending
ex102-ingredion2022credi099.jpg Edgar Link pending
ex102-ingredion2022credi100.jpg Edgar Link pending
ex102-ingredion2022credi101.jpg Edgar Link pending
ex102-ingredion2022credi102.jpg Edgar Link pending
ex102-ingredion2022credi103.jpg Edgar Link pending
ex102-ingredion2022credi104.jpg Edgar Link pending
ex102-ingredion2022credi105.jpg Edgar Link pending
ex102-ingredion2022credi106.jpg Edgar Link pending
ex102-ingredion2022credi107.jpg Edgar Link pending
ex102-ingredion2022credi108.jpg Edgar Link pending
ex102-ingredion2022credi109.jpg Edgar Link pending
ex102-ingredion2022credi110.jpg Edgar Link pending
ex102-ingredion2022credi111.jpg Edgar Link pending
ex102-ingredion2022credi112.jpg Edgar Link pending
ex102-ingredion2022credi113.jpg Edgar Link pending
ex102-ingredion2022credi114.jpg Edgar Link pending
ex102-ingredion2022credi115.jpg Edgar Link pending
ex102-ingredion2022credi116.jpg Edgar Link pending
ex102-ingredion2022credi117.jpg Edgar Link pending
ex102-ingredion2022credi118.jpg Edgar Link pending
ex102-ingredion2022credi119.jpg Edgar Link pending
ex102-ingredion2022credi120.jpg Edgar Link pending
ex102-ingredion2022credi121.jpg Edgar Link pending
ex102-ingredion2022credi122.jpg Edgar Link pending
ex102-ingredion2022credi123.jpg Edgar Link pending
ex102-ingredion2022credi124.jpg Edgar Link pending
ex102-ingredion2022credi125.jpg Edgar Link pending
ex102-ingredion2022credi126.jpg Edgar Link pending
ex102-ingredion2022credi127.jpg Edgar Link pending
ex102-ingredion2022credi128.jpg Edgar Link pending
Financial_Report.xlsx Edgar Link pending
ingr-20230331.htm Edgar Link pending
ingr-20230331.xsd Edgar Link pending
ingr-20230331xex311.htm Edgar Link pending
ingr-20230331xex312.htm Edgar Link pending
ingr-20230331xex321.htm Edgar Link pending
ingr-20230331xex322.htm Edgar Link pending
MetaLinks.json Edgar Link pending
R1.htm Edgar Link pending
R10.htm Edgar Link pending
R11.htm Edgar Link pending
R12.htm Edgar Link pending
R13.htm Edgar Link pending
R14.htm Edgar Link pending
R15.htm Edgar Link pending
R16.htm Edgar Link pending
R17.htm Edgar Link pending
R18.htm Edgar Link pending
ingr-20230331_cal.xml Edgar Link unprocessable
ingr-20230331_def.xml Edgar Link unprocessable
ingr-20230331_lab.xml Edgar Link unprocessable
ingr-20230331_pre.xml Edgar Link unprocessable
ingr-20230331_htm.xml Edgar Link completed
R19.htm Edgar Link pending
R2.htm Edgar Link pending
R20.htm Edgar Link pending
R21.htm Edgar Link pending
R22.htm Edgar Link pending
R23.htm Edgar Link pending
R24.htm Edgar Link pending
R25.htm Edgar Link pending
R26.htm Edgar Link pending
R27.htm Edgar Link pending
R28.htm Edgar Link pending
R29.htm Edgar Link pending
R3.htm Edgar Link pending
R30.htm Edgar Link pending
R31.htm Edgar Link pending
R32.htm Edgar Link pending
R33.htm Edgar Link pending
R34.htm Edgar Link pending
R35.htm Edgar Link pending
R36.htm Edgar Link pending
R37.htm Edgar Link pending
R38.htm Edgar Link pending
R39.htm Edgar Link pending
R4.htm Edgar Link pending
R40.htm Edgar Link pending
R41.htm Edgar Link pending
R42.htm Edgar Link pending
R43.htm Edgar Link pending
R44.htm Edgar Link pending
R45.htm Edgar Link pending
R46.htm Edgar Link pending
R47.htm Edgar Link pending
R48.htm Edgar Link pending
R49.htm Edgar Link pending
R5.htm Edgar Link pending
R50.htm Edgar Link pending
R51.htm Edgar Link pending
R52.htm Edgar Link pending
R53.htm Edgar Link pending
R54.htm Edgar Link pending
R6.htm Edgar Link pending
R7.htm Edgar Link pending
R8.htm Edgar Link pending
R9.htm Edgar Link pending
report.css Edgar Link pending
Show.js Edgar Link pending