INGR FY 2021 Earnings Report — Ingredion Incorporated Revenue & Financial Results | Market Cap Arena

Ingredion IncorporatedINGR

FY 2021 Earnings

Reported February 22, 2022

Quarter Comparison

Revenue

Operating Income

Gross Margin

Net Margin

EPS (Diluted)

Free Cash Flow

Metric	FY 2021	Prior Q	FY 2020	QoQ Change	YoY Change
Revenue	$6.9B	—	$6.0B	—	15.1%
Op. Income	$310M	—	$582M	—	-46.7%
Gross Margin	19.3%	—	21.2%	—	-1.9pp
Net Margin	1.7%	—	5.8%	—	-4.1pp
EPS (Diluted)	$1.73	—	$5.15	—	-66.4%
Free Cash Flow	$92M	—	$489M	—	-81.2%

Revenue Flow

Item	Amount
REVENUE	$6.9B
Cost of Revenue	$5.6B
GROSS PROFIT	$1.3B
R&D Expenses	$0
Selling & Marketing	$0
General & Administrative	$0
SG&A Expenses	$0
Other Expenses	$1.0B
Operating Expenses	$1.0B
Cost & Expenses	$6.6B
OPERATING INCOME	$310M
Interest Income	$0
Interest Expense	$74M
Other Income/Expenses	-$62M
INCOME BEFORE TAX	$248M
Income Tax Expense	$123M
Net Income from Continuing Ops	$125M
Net Income from Discontinued Ops	$0
Other Adjustments	$0
NET INCOME	$117M
Net Income Deductions	$0
BOTTOM LINE NET INCOME	$117M
D&A	$220M
EBIT	$322M
EBITDA	$542M
EPS	$2
EPS Diluted	$2

Income Statement

Item	Amount
REVENUE	$6.9B
Cost of Revenue	$5.6B
GROSS PROFIT	$1.3B
R&D Expenses	$0
Selling & Marketing	$0
General & Administrative	$0
SG&A Expenses	$0
Other Expenses	$1.0B
Operating Expenses	$1.0B
Cost & Expenses	$6.6B
OPERATING INCOME	$310M
Interest Income	$0
Interest Expense	$74M
Other Income/Expenses	-$62M
INCOME BEFORE TAX	$248M
Income Tax Expense	$123M
Net Income from Continuing Ops	$125M
Net Income from Discontinued Ops	$0
Other Adjustments	$0
NET INCOME	$117M
Net Income Deductions	$0
BOTTOM LINE NET INCOME	$117M
D&A	$220M
EBIT	$322M
EBITDA	$542M
EPS	$2
EPS Diluted	$2

Cash Flow Statement

Item	Amount
Net Income	$117M
Depreciation & Amortization	$220M
Stock-Based Compensation	$23M
Deferred Income Tax	$0
Other Non-Cash Items	$538M
Change in Working Capital	-$506M
OPERATING CASH FLOW	$392M
Capital Expenditure	-$300M
Acquisitions (Net)	-$40M
Purchases of Investments	$0
Sales/Maturities of Investments	$0
Other Investing Activities	$5M
NET CASH FROM INVESTING	-$335M
Net Debt Issuance	-$390M
Common Stock Repurchased	-$68M
Common Dividends Paid	-$184M
Other Financing Activities	$269M
NET CASH FROM FINANCING	-$373M
FREE CASH FLOW	$92M
Net Change in Cash	-$337M

Balance Sheet

Item	Amount
Cash & Equivalents	$328M
Short-Term Investments	$4M
Net Receivables	$1.1B
Inventory	$1.2B
Other Current Assets	$0
TOTAL CURRENT ASSETS	$2.7B
PP&E (Net)	$2.4B
Goodwill	$914M
Intangible Assets	$434M
Long-Term Investments	$0
Tax Assets	$0
Other Non-Current Assets	$531M
TOTAL NON-CURRENT ASSETS	$4.3B
TOTAL ASSETS	$7.0B
Account Payables	$774M
Short-Term Debt	$308M
Deferred Revenue	$0
Other Current Liabilities	$105M
TOTAL CURRENT LIABILITIES	$1.5B
Long-Term Debt	$1.7B
Deferred Revenue NC	$0
Deferred Tax Liabilities	$165M
Other Non-Current Liabilities	$205M
TOTAL NON-CURRENT LIABILITIES	$2.3B
TOTAL LIABILITIES	$3.8B
Common Stock	$1M
Additional Paid-In Capital	$1.2B
Retained Earnings	$3.9B
Treasury Stock	-$1.1B
Accum. Other Comp. Income	-$897M
Other Equity	$36M
TOTAL STOCKHOLDERS' EQUITY	$3.1B
Minority Interest	$89M
TOTAL EQUITY	$3.2B
TOTAL LIABILITIES & EQUITY	$7.0B
Total Debt	$2.2B
Net Debt	$1.9B