$INGR
Ingredion Inc

2023 Q4 Form 10-Q Financial Statement

#000104625723000070 Filed on November 07, 2023

View on sec.gov

Income Statement

Concept 2023 Q4 2023 Q3
Revenue $1.921B $2.033B
YoY Change -3.32% 0.49%
Cost Of Revenue $1.521B $1.612B
YoY Change -7.03% -2.24%
Gross Profit $400.0M $421.0M
YoY Change 13.96% 12.57%
Gross Profit Margin 20.82% 20.71%
Selling, General & Admin
YoY Change
% of Gross Profit
Research & Development
YoY Change
% of Gross Profit
Depreciation & Amortization $54.00M $56.00M
YoY Change -1.82% 5.66%
% of Gross Profit 13.5% 13.3%
Operating Expenses $197.0M $198.0M
YoY Change 0.51% 4.21%
Operating Profit $203.0M $213.0M
YoY Change 30.97% 15.76%
Interest Expense -$26.00M -$26.00M
YoY Change -23.53% 8.33%
% of Operating Profit -12.81% -12.21%
Other Income/Expense, Net $0.00 -$2.000M
YoY Change -100.0% -166.67%
Pretax Income $176.0M $185.0M
YoY Change 41.94% 14.91%
Income Tax $43.00M $25.00M
% Of Pretax Income 24.43% 13.51%
Net Earnings $131.0M $158.0M
YoY Change 14.91% 49.06%
Net Earnings / Revenue 6.82% 7.77%
Basic Earnings Per Share $2.00 $2.39
Diluted Earnings Per Share $1.97 $2.36
COMMON SHARES
Basic Shares Outstanding 65.19M shares 66.14M shares
Diluted Shares Outstanding 67.00M shares

Balance Sheet

Concept 2023 Q4 2023 Q3
SHORT-TERM ASSETS
Cash & Short-Term Investments $409.0M $339.0M
YoY Change 71.13% 13.76%
Cash & Equivalents $401.0M $335.0M
Short-Term Investments $8.000M $4.000M
Other Short-Term Assets $261.0M $66.00M
YoY Change 320.97% 3.13%
Inventory $1.450B $1.502B
Prepaid Expenses $66.00M
Receivables $1.279B $1.380B
Other Receivables $0.00 $0.00
Total Short-Term Assets $3.399B $3.289B
YoY Change 2.72% 0.64%
LONG-TERM ASSETS
Property, Plant & Equipment $2.370B $2.401B
YoY Change -1.54% 4.03%
Goodwill $918.0M $908.0M
YoY Change 2.0% 2.83%
Intangibles $385.0M
YoY Change -3.99%
Long-Term Investments $112.0M $101.0M
YoY Change -0.88% -7.34%
Other Assets $570.0M $563.0M
YoY Change 4.78% 4.07%
Total Long-Term Assets $4.243B $4.260B
YoY Change -0.21% 3.02%
TOTAL ASSETS
Total Short-Term Assets $3.399B $3.289B
Total Long-Term Assets $4.243B $4.260B
Total Assets $7.642B $7.549B
YoY Change 1.07% 1.97%
SHORT-TERM LIABILITIES
YoY Change
Accounts Payable $778.0M $1.202B
YoY Change -10.88% -3.06%
Accrued Expenses $546.0M
YoY Change 17.17%
Deferred Revenue
YoY Change
Short-Term Debt $448.0M $466.0M
YoY Change -17.5% -34.27%
Long-Term Debt Due
YoY Change
Total Short-Term Liabilities $1.772B $1.668B
YoY Change -5.84% -14.42%
LONG-TERM LIABILITIES
Long-Term Debt $1.740B $1.940B
YoY Change -10.31% 11.56%
Other Long-Term Liabilities $535.0M $523.0M
YoY Change 529.41% -9.67%
Total Long-Term Liabilities $2.275B $1.940B
YoY Change 12.35% -16.31%
TOTAL LIABILITIES
Total Short-Term Liabilities $1.772B $1.668B
Total Long-Term Liabilities $2.275B $1.940B
Total Liabilities $4.104B $4.082B
YoY Change -4.54% -5.88%
SHAREHOLDERS EQUITY
Retained Earnings $4.654B $4.575B
YoY Change 10.55% 10.43%
Common Stock $1.147B $1.144B
YoY Change 1.24% 0.88%
Preferred Stock
YoY Change
Treasury Stock (at cost)
YoY Change
Treasury Stock Shares
Shareholders Equity $3.538B $3.364B
YoY Change
Total Liabilities & Shareholders Equity $7.642B $7.549B
YoY Change 1.07% 1.97%

Cashflow Statement

Concept 2023 Q4 2023 Q3
OPERATING ACTIVITIES
Net Income $131.0M $158.0M
YoY Change 14.91% 49.06%
Depreciation, Depletion And Amortization $54.00M $56.00M
YoY Change -1.82% 5.66%
Cash From Operating Activities $410.0M $368.0M
YoY Change 469.44% 338.1%
INVESTING ACTIVITIES
Capital Expenditures $83.00M $79.00M
YoY Change -14.43% -233.9%
Acquisitions
YoY Change
Other Investing Activities -$4.000M -$3.000M
YoY Change -80.95% -57.14%
Cash From Investing Activities -$87.00M -$82.00M
YoY Change -26.27% 24.24%
FINANCING ACTIVITIES
Cash Dividend Paid
YoY Change
Common Stock Issuance & Retirement, Net
YoY Change
Debt Paid & Issued, Net
YoY Change
Cash From Financing Activities -268.0M -204.0M
YoY Change 1310.53% 786.96%
NET CHANGE
Cash From Operating Activities 410.0M 368.0M
Cash From Investing Activities -87.00M -82.00M
Cash From Financing Activities -268.0M -204.0M
Net Change In Cash 55.00M 82.00M
YoY Change -184.62% -1740.0%
FREE CASH FLOW
Cash From Operating Activities $410.0M $368.0M
Capital Expenditures $83.00M $79.00M
Free Cash Flow $327.0M $289.0M
YoY Change -1408.0% 102.1%

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us-gaap Cash Cash Equivalents Restricted Cash And Restricted Cash Equivalents Period Increase Decrease Including Exchange Rate Effect
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CY2021Q4 us-gaap Cash Cash Equivalents Restricted Cash And Restricted Cash Equivalents
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CY2023Q3 us-gaap Long Term Debt Noncurrent
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CY2023Q3 us-gaap Debt Current
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us-gaap Allocated Share Based Compensation Expense
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CY2023Q3 us-gaap Allocated Share Based Compensation Expense Net Of Tax
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us-gaap Share Based Compensation Arrangement By Share Based Payment Award Options Grants In Period
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us-gaap Sharebased Compensation Arrangement By Sharebased Payment Award Fair Value Assumptions Expected Term1
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us-gaap Share Based Compensation Arrangement By Share Based Payment Award Fair Value Assumptions Risk Free Interest Rate
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us-gaap Share Based Compensation Arrangement By Share Based Payment Award Fair Value Assumptions Risk Free Interest Rate
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us-gaap Share Based Compensation Arrangement By Share Based Payment Award Fair Value Assumptions Expected Volatility Rate
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CY2022Q4 us-gaap Share Based Compensation Arrangement By Share Based Payment Award Options Outstanding Number
ShareBasedCompensationArrangementByShareBasedPaymentAwardOptionsOutstandingNumber
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CY2022Q4 us-gaap Share Based Compensation Arrangement By Share Based Payment Award Options Outstanding Weighted Average Exercise Price
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CY2022 us-gaap Sharebased Compensation Arrangement By Sharebased Payment Award Options Outstanding Weighted Average Remaining Contractual Term2
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us-gaap Share Based Compensation Arrangements By Share Based Payment Award Options Grants In Period Weighted Average Exercise Price
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us-gaap Stock Issued During Period Shares Stock Options Exercised
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us-gaap Share Based Compensation Arrangements By Share Based Payment Award Options Exercises In Period Weighted Average Exercise Price
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us-gaap Share Based Compensation Arrangement By Share Based Payment Award Options Forfeitures In Period
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us-gaap Share Based Compensation Arrangement By Share Based Payment Award Options Forfeitures And Expirations In Period Weighted Average Exercise Price
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CY2023Q3 us-gaap Share Based Compensation Arrangement By Share Based Payment Award Options Outstanding Number
ShareBasedCompensationArrangementByShareBasedPaymentAwardOptionsOutstandingNumber
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CY2023Q3 us-gaap Share Based Compensation Arrangement By Share Based Payment Award Options Outstanding Weighted Average Exercise Price
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us-gaap Sharebased Compensation Arrangement By Sharebased Payment Award Options Outstanding Weighted Average Remaining Contractual Term2
SharebasedCompensationArrangementBySharebasedPaymentAwardOptionsOutstandingWeightedAverageRemainingContractualTerm2
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CY2023Q3 us-gaap Share Based Compensation Arrangement By Share Based Payment Award Options Outstanding Intrinsic Value
ShareBasedCompensationArrangementByShareBasedPaymentAwardOptionsOutstandingIntrinsicValue
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CY2023Q3 us-gaap Share Based Compensation Arrangement By Share Based Payment Award Options Exercisable Number
ShareBasedCompensationArrangementByShareBasedPaymentAwardOptionsExercisableNumber
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CY2023Q3 us-gaap Share Based Compensation Arrangement By Share Based Payment Award Options Exercisable Weighted Average Exercise Price
ShareBasedCompensationArrangementByShareBasedPaymentAwardOptionsExercisableWeightedAverageExercisePrice
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us-gaap Sharebased Compensation Arrangement By Sharebased Payment Award Options Exercisable Weighted Average Remaining Contractual Term1
SharebasedCompensationArrangementBySharebasedPaymentAwardOptionsExercisableWeightedAverageRemainingContractualTerm1
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CY2023Q3 us-gaap Sharebased Compensation Arrangement By Sharebased Payment Award Options Exercisable Intrinsic Value1
SharebasedCompensationArrangementBySharebasedPaymentAwardOptionsExercisableIntrinsicValue1
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us-gaap Proceeds From Stock Options Exercised
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CY2023Q3 us-gaap Share Based Compensation Arrangement By Share Based Payment Award Options Grants In Period Weighted Average Grant Date Fair Value
ShareBasedCompensationArrangementByShareBasedPaymentAwardOptionsGrantsInPeriodWeightedAverageGrantDateFairValue
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CY2022Q3 us-gaap Share Based Compensation Arrangement By Share Based Payment Award Options Grants In Period Weighted Average Grant Date Fair Value
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us-gaap Share Based Compensation Arrangement By Share Based Payment Award Options Grants In Period Weighted Average Grant Date Fair Value
ShareBasedCompensationArrangementByShareBasedPaymentAwardOptionsGrantsInPeriodWeightedAverageGrantDateFairValue
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us-gaap Share Based Compensation Arrangement By Share Based Payment Award Options Grants In Period Weighted Average Grant Date Fair Value
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CY2023Q3 us-gaap Share Based Compensation Arrangement By Share Based Payment Award Options Exercises In Period Total Intrinsic Value
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us-gaap Share Based Compensation Arrangement By Share Based Payment Award Options Exercises In Period Total Intrinsic Value
ShareBasedCompensationArrangementByShareBasedPaymentAwardOptionsExercisesInPeriodTotalIntrinsicValue
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us-gaap Share Based Compensation Arrangement By Share Based Payment Award Options Exercises In Period Total Intrinsic Value
ShareBasedCompensationArrangementByShareBasedPaymentAwardOptionsExercisesInPeriodTotalIntrinsicValue
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CY2022Q4 us-gaap Temporary Equity Carrying Amount Attributable To Parent
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CY2022Q4 us-gaap Redeemable Noncontrolling Interest Equity Carrying Amount
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CY2023Q1 us-gaap Common Stock Dividends Per Share Declared
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CY2023Q1 ingr Temporary Equity Share Based Compensation Net Of Issuance
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CY2023Q1 us-gaap Temporary Equity Carrying Amount Attributable To Parent
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CY2023Q1 us-gaap Redeemable Noncontrolling Interest Equity Carrying Amount
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CY2023Q2 us-gaap Common Stock Dividends Per Share Declared
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CY2023Q2 ingr Temporary Equity Share Based Compensation Net Of Issuance
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CY2023Q2 ingr Redeemable Noncontrolling Interest Fair Value Market Adjustment
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CY2023Q2 us-gaap Temporary Equity Carrying Amount Attributable To Parent
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CY2023Q3 us-gaap Temporary Equity Carrying Amount Attributable To Parent
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CY2023Q3 us-gaap Redeemable Noncontrolling Interest Equity Carrying Amount
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CY2022Q1 us-gaap Common Stock Dividends Per Share Declared
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CY2022Q1 us-gaap Temporary Equity Carrying Amount Attributable To Parent
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CY2022Q1 us-gaap Redeemable Noncontrolling Interest Equity Carrying Amount
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CY2022Q2 us-gaap Temporary Equity Net Income
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CY2022Q2 ingr Temporary Equity Share Based Compensation Net Of Issuance
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CY2022Q2 ingr Redeemable Noncontrolling Interest Fair Value Market Adjustment
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CY2022Q2 us-gaap Minority Interest Decrease From Redemptions
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CY2022Q2 us-gaap Temporary Equity Carrying Amount Attributable To Parent
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CY2022Q2 us-gaap Redeemable Noncontrolling Interest Equity Carrying Amount
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CY2022Q3 us-gaap Temporary Equity Net Income
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CY2022Q3 us-gaap Common Stock Dividends Per Share Declared
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CY2022Q3 ingr Temporary Equity Share Based Compensation Net Of Issuance
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CY2022Q3 us-gaap Minority Interest Decrease From Redemptions
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CY2022Q3 ingr Temporary Equity Other Comprehensive Income
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CY2022Q3 us-gaap Temporary Equity Carrying Amount Attributable To Parent
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CY2022Q3 us-gaap Redeemable Noncontrolling Interest Equity Carrying Amount
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CY2023Q3 us-gaap Net Income Loss Available To Common Stockholders Basic
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CY2023Q3 us-gaap Weighted Average Number Of Shares Outstanding Basic
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66000000.0 shares
CY2023Q3 us-gaap Earnings Per Share Basic
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CY2022Q3 us-gaap Net Income Loss Available To Common Stockholders Basic
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106000000 usd
CY2022Q3 us-gaap Weighted Average Number Of Shares Outstanding Basic
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CY2022Q3 us-gaap Earnings Per Share Basic
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CY2023Q3 us-gaap Incremental Common Shares Attributable To Share Based Payment Arrangements
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CY2022Q3 us-gaap Incremental Common Shares Attributable To Share Based Payment Arrangements
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CY2023Q3 us-gaap Net Income Loss Available To Common Stockholders Diluted
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CY2023Q3 us-gaap Weighted Average Number Of Diluted Shares Outstanding
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CY2023Q3 us-gaap Earnings Per Share Diluted
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CY2022Q3 us-gaap Net Income Loss Available To Common Stockholders Diluted
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CY2022Q3 us-gaap Weighted Average Number Of Diluted Shares Outstanding
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CY2022Q3 us-gaap Earnings Per Share Diluted
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us-gaap Net Income Loss Available To Common Stockholders Basic
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us-gaap Weighted Average Number Of Shares Outstanding Basic
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us-gaap Earnings Per Share Basic
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us-gaap Net Income Loss Available To Common Stockholders Basic
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us-gaap Weighted Average Number Of Shares Outstanding Basic
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us-gaap Earnings Per Share Basic
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us-gaap Incremental Common Shares Attributable To Share Based Payment Arrangements
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us-gaap Incremental Common Shares Attributable To Share Based Payment Arrangements
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us-gaap Net Income Loss Available To Common Stockholders Diluted
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us-gaap Weighted Average Number Of Diluted Shares Outstanding
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us-gaap Earnings Per Share Diluted
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us-gaap Net Income Loss Available To Common Stockholders Diluted
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us-gaap Weighted Average Number Of Diluted Shares Outstanding
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us-gaap Earnings Per Share Diluted
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CY2023Q3 us-gaap Antidilutive Securities Excluded From Computation Of Earnings Per Share Amount
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0001046257-23-000070-xbrl.zip Edgar Link pending
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