2024 Q3 Form 10-Q Financial Statement

#000104625724000046 Filed on August 08, 2024

View on sec.gov

Income Statement

Concept 2024 Q3 2024 Q2
Revenue $1.870B $1.878B
YoY Change -8.02% -9.23%
Cost Of Revenue $1.391B $1.432B
YoY Change -13.71% -12.04%
Gross Profit $479.0M $446.0M
YoY Change 13.78% 1.13%
Gross Profit Margin 25.61% 23.75%
Selling, General & Admin
YoY Change
% of Gross Profit
Research & Development
YoY Change
% of Gross Profit
Depreciation & Amortization $53.00M $54.00M
YoY Change -5.36% -1.82%
% of Gross Profit 11.06% 12.11%
Operating Expenses $199.0M $183.0M
YoY Change 0.51% -3.68%
Operating Profit $280.0M $240.0M
YoY Change 31.46% -4.38%
Interest Expense -$1.000M -$10.00M
YoY Change -96.15% -66.67%
% of Operating Profit -0.36% -4.17%
Other Income/Expense, Net -$2.000M $0.00
YoY Change 0.0% -100.0%
Pretax Income $273.0M $230.0M
YoY Change 47.57% 5.02%
Income Tax $84.00M $80.00M
% Of Pretax Income 30.77% 34.78%
Net Earnings $188.0M $148.0M
YoY Change 18.99% -9.2%
Net Earnings / Revenue 10.05% 7.88%
Basic Earnings Per Share $2.88 $2.25
Diluted Earnings Per Share $2.83 $2.22
COMMON SHARES
Basic Shares Outstanding 65.06M shares 65.65M shares
Diluted Shares Outstanding 66.50M shares 66.80M shares

Balance Sheet

Concept 2024 Q3 2024 Q2
SHORT-TERM ASSETS
Cash & Short-Term Investments $884.0M $509.0M
YoY Change 160.77% 95.02%
Cash & Equivalents $877.0M $505.0M
Short-Term Investments $7.000M $4.000M
Other Short-Term Assets $60.00M $59.00M
YoY Change -9.09% -7.81%
Inventory $1.234B $1.244B
Prepaid Expenses
Receivables $1.173B $1.286B
Other Receivables $0.00 $0.00
Total Short-Term Assets $3.351B $3.099B
YoY Change 1.89% -6.4%
LONG-TERM ASSETS
Property, Plant & Equipment $2.332B $2.291B
YoY Change -2.87% -5.1%
Goodwill $925.0M $907.0M
YoY Change 1.87%
Intangibles
YoY Change
Long-Term Investments $94.00M $91.00M
YoY Change -6.93% -21.55%
Other Assets $547.0M $556.0M
YoY Change -2.84% -1.42%
Total Long-Term Assets $4.174B $4.122B
YoY Change -2.02% -3.89%
TOTAL ASSETS
Total Short-Term Assets $3.351B $3.099B
Total Long-Term Assets $4.174B $4.122B
Total Assets $7.525B $7.221B
YoY Change -0.32% -4.99%
SHORT-TERM LIABILITIES
YoY Change
Accounts Payable $604.0M $606.0M
YoY Change -49.75% -49.42%
Accrued Expenses $1.156B $1.121B
YoY Change
Deferred Revenue
YoY Change
Short-Term Debt $99.00M $109.0M
YoY Change -78.76% -79.12%
Long-Term Debt Due
YoY Change
Total Short-Term Liabilities $1.255B $1.230B
YoY Change -24.76% -28.49%
LONG-TERM LIABILITIES
Long-Term Debt $1.741B $1.741B
YoY Change -10.26% -10.21%
Other Long-Term Liabilities $553.0M $521.0M
YoY Change 5.74% 2.36%
Total Long-Term Liabilities $2.294B $1.741B
YoY Change 18.25% -10.21%
TOTAL LIABILITIES
Total Short-Term Liabilities $1.255B $1.230B
Total Long-Term Liabilities $2.294B $1.741B
Total Liabilities $3.575B $3.442B
YoY Change -12.42% -16.56%
SHAREHOLDERS EQUITY
Retained Earnings $5.049B $4.914B
YoY Change 10.36% 9.96%
Common Stock $1.146B $1.142B
YoY Change 0.17% -0.09%
Preferred Stock
YoY Change
Treasury Stock (at cost)
YoY Change
Treasury Stock Shares
Shareholders Equity $3.950B $3.705B
YoY Change
Total Liabilities & Shareholders Equity $7.525B $7.221B
YoY Change -0.32% -4.99%

Cashflow Statement

Concept 2024 Q3 2024 Q2
OPERATING ACTIVITIES
Net Income $188.0M $148.0M
YoY Change 18.99% -9.2%
Depreciation, Depletion And Amortization $53.00M $54.00M
YoY Change -5.36% -1.82%
Cash From Operating Activities $479.0M $312.0M
YoY Change 30.16% -5.45%
INVESTING ACTIVITIES
Capital Expenditures $50.00M $55.00M
YoY Change -36.71% -29.49%
Acquisitions
YoY Change
Other Investing Activities $4.000M -$1.000M
YoY Change -233.33% 0.0%
Cash From Investing Activities -$46.00M -$56.00M
YoY Change -43.9% -29.11%
FINANCING ACTIVITIES
Cash Dividend Paid
YoY Change
Common Stock Issuance & Retirement, Net
YoY Change
Debt Paid & Issued, Net
YoY Change
Cash From Financing Activities -75.00M -179.0M
YoY Change -63.24% -14.76%
NET CHANGE
Cash From Operating Activities 479.0M 312.0M
Cash From Investing Activities -46.00M -56.00M
Cash From Financing Activities -75.00M -179.0M
Net Change In Cash 358.0M 77.00M
YoY Change 336.59% 87.8%
FREE CASH FLOW
Cash From Operating Activities $479.0M $312.0M
Capital Expenditures $50.00M $55.00M
Free Cash Flow $429.0M $257.0M
YoY Change 48.44% 1.98%

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CY2024Q2 ecd Rule10b51 Arr Adopted Flag
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false
CY2024Q2 ecd Rule10b51 Arr Trmntd Flag
Rule10b51ArrTrmntdFlag
false
CY2024Q2 ecd Non Rule10b51 Arr Trmntd Flag
NonRule10b51ArrTrmntdFlag
false

Files In Submission

Name View Source Status
ingr-20240630_cal.xml Edgar Link unprocessable
0001046257-24-000046-index-headers.html Edgar Link pending
0001046257-24-000046-index.html Edgar Link pending
0001046257-24-000046.txt Edgar Link pending
0001046257-24-000046-xbrl.zip Edgar Link pending
Financial_Report.xlsx Edgar Link pending
ingr-20240630.htm Edgar Link pending
ingr-20240630.xsd Edgar Link pending
ingr-20240630xex311.htm Edgar Link pending
ingr-20240630xex312.htm Edgar Link pending
ingr-20240630xex321.htm Edgar Link pending
ingr-20240630xex322.htm Edgar Link pending
ingr-20240630_g1.gif Edgar Link pending
MetaLinks.json Edgar Link pending
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ingr-20240630_lab.xml Edgar Link unprocessable
ingr-20240630_def.xml Edgar Link unprocessable
ingr-20240630_pre.xml Edgar Link unprocessable
ingr-20240630_htm.xml Edgar Link completed
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report.css Edgar Link pending
Show.js Edgar Link pending
FilingSummary.xml Edgar Link unprocessable