2019 Q4 Form 10-Q Financial Statement

#000155837019010101 Filed on November 06, 2019

View on sec.gov

Income Statement

Concept 2019 Q4 2019 Q3 2018 Q4
Revenue $1.549B $1.574B $1.537B
YoY Change 0.78% 0.7% -16.87%
Cost Of Revenue $1.575B $1.230B $1.217B
YoY Change 29.42% 0.08% -18.32%
Gross Profit $323.0M $344.0M $320.0M
YoY Change 0.94% 2.99% -10.86%
Gross Profit Margin 20.85% 21.86% 20.82%
Selling, General & Admin
YoY Change
% of Gross Profit
Research & Development
YoY Change
% of Gross Profit
Depreciation & Amortization $62.00M $55.00M $59.00M
YoY Change 5.08% -32.1% 11.32%
% of Gross Profit 19.2% 15.99% 18.44%
Operating Expenses $137.0M $151.0M $143.0M
YoY Change -4.2% 4.14% -2.72%
Operating Profit $186.0M $165.0M $177.0M
YoY Change 5.08% 6.45% -16.51%
Interest Expense -$19.00M -$24.00M -$21.00M
YoY Change -9.52% 0.0% 31.25%
% of Operating Profit -10.22% -14.55% -11.86%
Other Income/Expense, Net $0.00 -$1.000M $1.000M
YoY Change -100.0% -200.0% -83.33%
Pretax Income $151.0M $140.0M $138.0M
YoY Change 9.42% 6.06% -26.2%
Income Tax $38.00M $38.00M $40.00M
% Of Pretax Income 25.17% 27.14% 28.99%
Net Earnings $109.0M $99.00M $94.00M
YoY Change 15.96% 4.21% -5.05%
Net Earnings / Revenue 7.04% 6.29% 6.12%
Basic Earnings Per Share $1.63 $1.48 $1.38
Diluted Earnings Per Share $1.61 $1.47 $1.36
COMMON SHARES
Basic Shares Outstanding 66.76M 66.90M
Diluted Shares Outstanding 67.40M

Balance Sheet

Concept 2019 Q4 2019 Q3 2018 Q4
SHORT-TERM ASSETS
Cash & Short-Term Investments $268.0M $446.0M $334.0M
YoY Change -19.76% 2.06% -44.7%
Cash & Equivalents $264.0M $443.0M $327.0M
Short-Term Investments $4.000M $3.000M $7.000M
Other Short-Term Assets $66.00M $50.00M $51.00M
YoY Change 29.41% 4.17% 34.21%
Inventory $861.0M $879.0M $824.0M
Prepaid Expenses $54.00M $36.00M $29.00M
Receivables $965.0M $967.0M $929.0M
Other Receivables $0.00 $0.00 $0.00
Total Short-Term Assets $2.160B $2.342B $2.138B
YoY Change 1.03% 6.94% -11.47%
LONG-TERM ASSETS
Property, Plant & Equipment $2.306B $2.226B $2.198B
YoY Change 4.91% 3.73% -0.86%
Goodwill $801.0M $795.0M $791.0M
YoY Change 1.26% -1.49%
Intangibles $437.0M $442.0M $460.0M
YoY Change -5.0%
Long-Term Investments
YoY Change
Other Assets $172.0M $147.0M $131.0M
YoY Change 31.3% -5.16% -13.82%
Total Long-Term Assets $3.880B $3.753B $3.590B
YoY Change 8.08% 5.39% -2.05%
TOTAL ASSETS
Total Short-Term Assets $2.160B $2.342B $2.138B
Total Long-Term Assets $3.880B $3.753B $3.590B
Total Assets $6.040B $6.095B $5.728B
YoY Change 5.45% 5.98% -5.79%
SHORT-TERM LIABILITIES
YoY Change
Accounts Payable $504.0M $856.0M $452.0M
YoY Change 11.5% 15.68% -3.83%
Accrued Expenses $381.0M $325.0M
YoY Change 17.23% -5.52%
Deferred Revenue
YoY Change
Short-Term Debt $82.00M $81.00M $169.0M
YoY Change -51.48% -27.03% 40.83%
Long-Term Debt Due
YoY Change
Total Short-Term Liabilities $967.0M $957.0M $946.0M
YoY Change 2.22% 9.37% -1.15%
LONG-TERM LIABILITIES
Long-Term Debt $1.766B $2.001B $1.931B
YoY Change -8.54% 28.35% 10.72%
Other Long-Term Liabilities $220.0M $210.0M $217.0M
YoY Change 1.38% -20.75% -17.49%
Total Long-Term Liabilities $1.986B $2.211B $2.148B
YoY Change -7.54% 21.22% 7.03%
TOTAL LIABILITIES
Total Short-Term Liabilities $967.0M $957.0M $946.0M
Total Long-Term Liabilities $1.986B $2.211B $2.148B
Total Liabilities $3.268B $3.168B $3.094B
YoY Change 5.62% 8.64% -2.98%
SHAREHOLDERS EQUITY
Retained Earnings $3.780B $3.713B $3.536B
YoY Change 6.9%
Common Stock $1.138B $1.138B $1.097B
YoY Change 3.74%
Preferred Stock
YoY Change
Treasury Stock (at cost)
YoY Change
Treasury Stock Shares
Shareholders Equity $2.720B $2.593B $2.388B
YoY Change
Total Liabilities & Shareholders Equity $6.040B $6.095B $5.728B
YoY Change 5.45% 5.98% -5.79%

Cashflow Statement

Concept 2019 Q4 2019 Q3 2018 Q4
OPERATING ACTIVITIES
Net Income $109.0M $99.00M $94.00M
YoY Change 15.96% 4.21% -5.05%
Depreciation, Depletion And Amortization $62.00M $55.00M $59.00M
YoY Change 5.08% -32.1% 11.32%
Cash From Operating Activities $190.0M $237.0M $124.0M
YoY Change 53.23% 4.41% -49.39%
INVESTING ACTIVITIES
Capital Expenditures -$97.00M -$75.00M -$116.0M
YoY Change -16.38% 1.35% 26.09%
Acquisitions
YoY Change
Other Investing Activities $1.000M $2.000M -$15.00M
YoY Change -106.67% -300.0% -250.0%
Cash From Investing Activities -$96.00M -$73.00M -$131.0M
YoY Change -26.72% -2.67% 59.76%
FINANCING ACTIVITIES
Cash Dividend Paid
YoY Change
Common Stock Issuance & Retirement, Net
YoY Change
Debt Paid & Issued, Net
YoY Change
Cash From Financing Activities -278.0M -11.00M -92.00M
YoY Change 202.17% -84.93% 64.29%
NET CHANGE
Cash From Operating Activities 190.0M 237.0M 124.0M
Cash From Investing Activities -96.00M -73.00M -131.0M
Cash From Financing Activities -278.0M -11.00M -92.00M
Net Change In Cash -184.0M 153.0M -99.00M
YoY Change 85.86% 93.67% -192.52%
FREE CASH FLOW
Cash From Operating Activities $190.0M $237.0M $124.0M
Capital Expenditures -$97.00M -$75.00M -$116.0M
Free Cash Flow $287.0M $312.0M $240.0M
YoY Change 19.58% 3.65% -28.78%

Facts In Submission

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66900000
CY2019Q3 us-gaap Earnings Per Share Basic
EarningsPerShareBasic
1.48
CY2018Q3 us-gaap Net Income Loss Available To Common Stockholders Basic
NetIncomeLossAvailableToCommonStockholdersBasic
95000000
CY2018Q3 us-gaap Weighted Average Number Of Shares Outstanding Basic
WeightedAverageNumberOfSharesOutstandingBasic
71200000
CY2018Q3 us-gaap Earnings Per Share Basic
EarningsPerShareBasic
1.33
CY2019Q3 us-gaap Incremental Common Shares Attributable To Share Based Payment Arrangements
IncrementalCommonSharesAttributableToShareBasedPaymentArrangements
500000
CY2018Q3 us-gaap Incremental Common Shares Attributable To Share Based Payment Arrangements
IncrementalCommonSharesAttributableToShareBasedPaymentArrangements
700000
CY2019Q3 us-gaap Net Income Loss Available To Common Stockholders Diluted
NetIncomeLossAvailableToCommonStockholdersDiluted
99000000
CY2019Q3 us-gaap Weighted Average Number Of Diluted Shares Outstanding
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67400000
us-gaap Antidilutive Securities Excluded From Computation Of Earnings Per Share Amount
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1100000
CY2018Q3 us-gaap Antidilutive Securities Excluded From Computation Of Earnings Per Share Amount
AntidilutiveSecuritiesExcludedFromComputationOfEarningsPerShareAmount
600000
us-gaap Antidilutive Securities Excluded From Computation Of Earnings Per Share Amount
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500000
us-gaap Number Of Reportable Segments
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4
CY2019Q3 us-gaap Earnings Per Share Diluted
EarningsPerShareDiluted
1.47
CY2018Q3 us-gaap Net Income Loss Available To Common Stockholders Diluted
NetIncomeLossAvailableToCommonStockholdersDiluted
95000000
CY2018Q3 us-gaap Weighted Average Number Of Diluted Shares Outstanding
WeightedAverageNumberOfDilutedSharesOutstanding
71900000
CY2018Q3 us-gaap Earnings Per Share Diluted
EarningsPerShareDiluted
1.32
us-gaap Net Income Loss Available To Common Stockholders Basic
NetIncomeLossAvailableToCommonStockholdersBasic
304000000
us-gaap Weighted Average Number Of Shares Outstanding Basic
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66900000
us-gaap Earnings Per Share Basic
EarningsPerShareBasic
4.54
us-gaap Net Income Loss Available To Common Stockholders Basic
NetIncomeLossAvailableToCommonStockholdersBasic
349000000
us-gaap Weighted Average Number Of Shares Outstanding Basic
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71800000
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4.86
us-gaap Incremental Common Shares Attributable To Share Based Payment Arrangements
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500000
us-gaap Incremental Common Shares Attributable To Share Based Payment Arrangements
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900000
us-gaap Net Income Loss Available To Common Stockholders Diluted
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304000000
us-gaap Weighted Average Number Of Diluted Shares Outstanding
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67400000
us-gaap Earnings Per Share Diluted
EarningsPerShareDiluted
4.51
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349000000
us-gaap Weighted Average Number Of Diluted Shares Outstanding
WeightedAverageNumberOfDilutedSharesOutstanding
72700000
us-gaap Earnings Per Share Diluted
EarningsPerShareDiluted
4.80
CY2019Q3 us-gaap Antidilutive Securities Excluded From Computation Of Earnings Per Share Amount
AntidilutiveSecuritiesExcludedFromComputationOfEarningsPerShareAmount
1400000
CY2019Q3 ingr Operating Income Loss Before Other Charges
OperatingIncomeLossBeforeOtherCharges
193000000
CY2018Q3 ingr Operating Income Loss Before Other Charges
OperatingIncomeLossBeforeOtherCharges
189000000
ingr Operating Income Loss Before Other Charges
OperatingIncomeLossBeforeOtherCharges
537000000
ingr Operating Income Loss Before Other Charges
OperatingIncomeLossBeforeOtherCharges
590000000
CY2019Q3 us-gaap Restructuring Settlement And Impairment Provisions
RestructuringSettlementAndImpairmentProvisions
28000000
CY2018Q3 us-gaap Restructuring Settlement And Impairment Provisions
RestructuringSettlementAndImpairmentProvisions
34000000
us-gaap Restructuring Settlement And Impairment Provisions
RestructuringSettlementAndImpairmentProvisions
41000000
us-gaap Restructuring Settlement And Impairment Provisions
RestructuringSettlementAndImpairmentProvisions
45000000
us-gaap Business Combination Integration Related Costs
BusinessCombinationIntegrationRelatedCosts
2000000
CY2019Q3 us-gaap Operating Income Loss
OperatingIncomeLoss
165000000
CY2018Q3 us-gaap Operating Income Loss
OperatingIncomeLoss
155000000
us-gaap Operating Income Loss
OperatingIncomeLoss
494000000
us-gaap Operating Income Loss
OperatingIncomeLoss
545000000
CY2019Q3 us-gaap Assets
Assets
6095000000
CY2018Q4 us-gaap Assets
Assets
5728000000

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