INGR FY 2019 Earnings Report — Ingredion Incorporated Revenue & Financial Results | Market Cap Arena

Ingredion IncorporatedINGR

FY 2019 Earnings

Reported February 19, 2020

Quarter Comparison

Revenue

Operating Income

Gross Margin

Net Margin

EPS (Diluted)

Free Cash Flow

Metric	FY 2019	Prior Q	FY 2018	QoQ Change	YoY Change
Revenue	$6.2B	—	—	—	—
Op. Income	$664M	—	—	—	—
Gross Margin	21.1%	—	—	—	—
Net Margin	6.7%	—	—	—	—
EPS (Diluted)	$6.13	—	—	—	—
Free Cash Flow	$352M	—	—	—	—

Revenue Flow

Item	Amount
REVENUE	$6.2B
Cost of Revenue	$4.9B
GROSS PROFIT	$1.3B
R&D Expenses	$0
Selling & Marketing	$0
General & Administrative	$0
SG&A Expenses	$0
Other Expenses	$648M
Operating Expenses	$648M
Cost & Expenses	$5.5B
OPERATING INCOME	$664M
Interest Income	$7M
Interest Expense	$88M
Other Income/Expenses	-$82M
INCOME BEFORE TAX	$582M
Income Tax Expense	$158M
Net Income from Continuing Ops	$424M
Net Income from Discontinued Ops	$0
Other Adjustments	$0
NET INCOME	$413M
Net Income Deductions	$0
BOTTOM LINE NET INCOME	$413M
D&A	$220M
EBIT	$663M
EBITDA	$883M
EPS	$6
EPS Diluted	$6

Income Statement

Item	Amount
REVENUE	$6.2B
Cost of Revenue	$4.9B
GROSS PROFIT	$1.3B
R&D Expenses	$0
Selling & Marketing	$0
General & Administrative	$0
SG&A Expenses	$0
Other Expenses	$648M
Operating Expenses	$648M
Cost & Expenses	$5.5B
OPERATING INCOME	$664M
Interest Income	$7M
Interest Expense	$88M
Other Income/Expenses	-$82M
INCOME BEFORE TAX	$582M
Income Tax Expense	$158M
Net Income from Continuing Ops	$424M
Net Income from Discontinued Ops	$0
Other Adjustments	$0
NET INCOME	$413M
Net Income Deductions	$0
BOTTOM LINE NET INCOME	$413M
D&A	$220M
EBIT	$663M
EBITDA	$883M
EPS	$6
EPS Diluted	$6

Cash Flow Statement

Item	Amount
Net Income	$413M
Depreciation & Amortization	$220M
Stock-Based Compensation	$18M
Deferred Income Tax	$0
Other Non-Cash Items	$134M
Change in Working Capital	-$105M
OPERATING CASH FLOW	$680M
Capital Expenditure	-$328M
Acquisitions (Net)	-$42M
Purchases of Investments	$0
Sales/Maturities of Investments	$0
Other Investing Activities	-$4M
NET CASH FROM INVESTING	-$374M
Net Debt Issuance	-$256M
Common Stock Repurchased	$0
Common Dividends Paid	-$174M
Other Financing Activities	$66M
NET CASH FROM FINANCING	-$364M
FREE CASH FLOW	$352M
Net Change in Cash	-$63M

Balance Sheet

Item	Amount
Cash & Equivalents	$264M
Short-Term Investments	$4M
Net Receivables	$977M
Inventory	$861M
Other Current Assets	$0
TOTAL CURRENT ASSETS	$2.2B
PP&E (Net)	$2.5B
Goodwill	$801M
Intangible Assets	$437M
Long-Term Investments	$0
Tax Assets	$13M
Other Non-Current Assets	$172M
TOTAL NON-CURRENT ASSETS	$3.9B
TOTAL ASSETS	$6.0B
Account Payables	$504M
Short-Term Debt	$82M
Deferred Revenue	$0
Other Current Liabilities	$93M
TOTAL CURRENT LIABILITIES	$967M
Long-Term Debt	$1.8B
Deferred Revenue NC	$0
Deferred Tax Liabilities	$195M
Other Non-Current Liabilities	$221M
TOTAL NON-CURRENT LIABILITIES	$2.3B
TOTAL LIABILITIES	$3.3B
Common Stock	$1M
Additional Paid-In Capital	$1.1B
Retained Earnings	$3.8B
Treasury Stock	-$1.0B
Accum. Other Comp. Income	-$1.2B
Other Equity	$31M
TOTAL STOCKHOLDERS' EQUITY	$2.8B
Minority Interest	$21M
TOTAL EQUITY	$2.8B
TOTAL LIABILITIES & EQUITY	$6.0B
Total Debt	$2.0B
Net Debt	$1.7B