INGR FY 2020 Earnings Report — Ingredion Incorporated Revenue & Financial Results | Market Cap Arena

Ingredion IncorporatedINGR

FY 2020 Earnings

Reported February 24, 2021

Quarter Comparison

Revenue

Operating Income

Gross Margin

Net Margin

EPS (Diluted)

Free Cash Flow

Metric	FY 2020	Prior Q	FY 2019	QoQ Change	YoY Change
Revenue	$6.0B	—	$6.2B	—	-3.6%
Op. Income	$582M	—	$664M	—	-12.3%
Gross Margin	21.2%	—	21.1%	—	0.1pp
Net Margin	5.8%	—	6.7%	—	-0.8pp
EPS (Diluted)	$5.15	—	$6.13	—	-16.0%
Free Cash Flow	$489M	—	$352M	—	38.9%

Revenue Flow

Item	Amount
REVENUE	$6.0B
Cost of Revenue	$4.7B
GROSS PROFIT	$1.3B
R&D Expenses	$0
Selling & Marketing	$0
General & Administrative	$0
SG&A Expenses	$0
Other Expenses	$690M
Operating Expenses	$690M
Cost & Expenses	$5.4B
OPERATING INCOME	$582M
Interest Income	$0
Interest Expense	$81M
Other Income/Expenses	-$76M
INCOME BEFORE TAX	$506M
Income Tax Expense	$152M
Net Income from Continuing Ops	$354M
Net Income from Discontinued Ops	$0
Other Adjustments	$0
NET INCOME	$348M
Net Income Deductions	$0
BOTTOM LINE NET INCOME	$348M
D&A	$213M
EBIT	$587M
EBITDA	$800M
EPS	$5
EPS Diluted	$5

Income Statement

Item	Amount
REVENUE	$6.0B
Cost of Revenue	$4.7B
GROSS PROFIT	$1.3B
R&D Expenses	$0
Selling & Marketing	$0
General & Administrative	$0
SG&A Expenses	$0
Other Expenses	$690M
Operating Expenses	$690M
Cost & Expenses	$5.4B
OPERATING INCOME	$582M
Interest Income	$0
Interest Expense	$81M
Other Income/Expenses	-$76M
INCOME BEFORE TAX	$506M
Income Tax Expense	$152M
Net Income from Continuing Ops	$354M
Net Income from Discontinued Ops	$0
Other Adjustments	$0
NET INCOME	$348M
Net Income Deductions	$0
BOTTOM LINE NET INCOME	$348M
D&A	$213M
EBIT	$587M
EBITDA	$800M
EPS	$5
EPS Diluted	$5

Cash Flow Statement

Item	Amount
Net Income	$348M
Depreciation & Amortization	$213M
Stock-Based Compensation	$23M
Deferred Income Tax	$0
Other Non-Cash Items	$219M
Change in Working Capital	$26M
OPERATING CASH FLOW	$829M
Capital Expenditure	-$340M
Acquisitions (Net)	-$236M
Purchases of Investments	$0
Sales/Maturities of Investments	$0
Other Investing Activities	$5M
NET CASH FROM INVESTING	-$571M
Net Debt Issuance	$326M
Common Stock Repurchased	$0
Common Dividends Paid	-$170M
Other Financing Activities	-$13M
NET CASH FROM FINANCING	$143M
FREE CASH FLOW	$489M
Net Change in Cash	$401M

Balance Sheet

Item	Amount
Cash & Equivalents	$665M
Short-Term Investments	$0
Net Receivables	$1.0B
Inventory	$917M
Other Current Assets	$0
TOTAL CURRENT ASSETS	$2.6B
PP&E (Net)	$2.5B
Goodwill	$902M
Intangible Assets	$444M
Long-Term Investments	$0
Tax Assets	$23M
Other Non-Current Assets	$387M
TOTAL NON-CURRENT ASSETS	$4.2B
TOTAL ASSETS	$6.9B
Account Payables	$599M
Short-Term Debt	$438M
Deferred Revenue	$0
Other Current Liabilities	$96M
TOTAL CURRENT LIABILITIES	$1.5B
Long-Term Debt	$1.7B
Deferred Revenue NC	$0
Deferred Tax Liabilities	$217M
Other Non-Current Liabilities	$227M
TOTAL NON-CURRENT LIABILITIES	$2.3B
TOTAL LIABILITIES	$3.8B
Common Stock	$1M
Additional Paid-In Capital	$1.1B
Retained Earnings	$4.0B
Treasury Stock	-$1.0B
Accum. Other Comp. Income	-$1.1B
Other Equity	$30M
TOTAL STOCKHOLDERS' EQUITY	$3.0B
Minority Interest	$91M
TOTAL EQUITY	$3.1B
TOTAL LIABILITIES & EQUITY	$6.9B
Total Debt	$2.4B
Net Debt	$1.7B