INGR FY 2024 Earnings Report — Ingredion Incorporated Revenue & Financial Results | Market Cap Arena

Ingredion IncorporatedINGR

FY 2024 Earnings

Reported February 20, 2025

Quarter Comparison

Revenue

Operating Income

Gross Margin

Net Margin

EPS (Diluted)

Free Cash Flow

Metric	FY 2024	Prior Q	FY 2023	QoQ Change	YoY Change
Revenue	$7.4B	—	$8.2B	—	-8.9%
Op. Income	$883M	—	$957M	—	-7.7%
Gross Margin	24.1%	—	21.4%	—	2.7pp
Net Margin	8.7%	—	7.9%	—	0.8pp
EPS (Diluted)	$9.71	—	$9.60	—	1.1%
Free Cash Flow	$1.1B	—	$741M	—	53.2%

Revenue Flow

Item	Amount
REVENUE	$7.4B
Cost of Revenue	$5.6B
GROSS PROFIT	$1.8B
R&D Expenses	$0
Selling & Marketing	$0
General & Administrative	$0
SG&A Expenses	$0
Other Expenses	$908M
Operating Expenses	$908M
Cost & Expenses	$6.5B
OPERATING INCOME	$883M
Interest Income	$0
Interest Expense	$39M
Other Income/Expenses	$48M
INCOME BEFORE TAX	$931M
Income Tax Expense	$277M
Net Income from Continuing Ops	$654M
Net Income from Discontinued Ops	$0
Other Adjustments	$0
NET INCOME	$647M
Net Income Deductions	$0
BOTTOM LINE NET INCOME	$647M
D&A	$214M
EBIT	$970M
EBITDA	$1.2B
EPS	$10
EPS Diluted	$10

Income Statement

Item	Amount
REVENUE	$7.4B
Cost of Revenue	$5.6B
GROSS PROFIT	$1.8B
R&D Expenses	$0
Selling & Marketing	$0
General & Administrative	$0
SG&A Expenses	$0
Other Expenses	$908M
Operating Expenses	$908M
Cost & Expenses	$6.5B
OPERATING INCOME	$883M
Interest Income	$0
Interest Expense	$39M
Other Income/Expenses	$48M
INCOME BEFORE TAX	$931M
Income Tax Expense	$277M
Net Income from Continuing Ops	$654M
Net Income from Discontinued Ops	$0
Other Adjustments	$0
NET INCOME	$647M
Net Income Deductions	$0
BOTTOM LINE NET INCOME	$647M
D&A	$214M
EBIT	$970M
EBITDA	$1.2B
EPS	$10
EPS Diluted	$10

Cash Flow Statement

Item	Amount
Net Income	$647M
Depreciation & Amortization	$214M
Stock-Based Compensation	$46M
Deferred Income Tax	-$15M
Other Non-Cash Items	$74M
Change in Working Capital	$470M
OPERATING CASH FLOW	$1.4B
Capital Expenditure	-$301M
Acquisitions (Net)	$0
Purchases of Investments	$0
Sales/Maturities of Investments	$0
Other Investing Activities	$254M
NET CASH FROM INVESTING	-$47M
Net Debt Issuance	-$345M
Common Stock Repurchased	-$216M
Common Dividends Paid	-$210M
Other Financing Activities	$6M
NET CASH FROM FINANCING	-$765M
FREE CASH FLOW	$1.1B
Net Change in Cash	$596M

Balance Sheet

Item	Amount
Cash & Equivalents	$997M
Short-Term Investments	$11M
Net Receivables	$1.1B
Inventory	$1.2B
Other Current Assets	$0
TOTAL CURRENT ASSETS	$3.4B
PP&E (Net)	$2.3B
Goodwill	$906M
Intangible Assets	$358M
Long-Term Investments	$0
Tax Assets	$0
Other Non-Current Assets	$561M
TOTAL NON-CURRENT ASSETS	$4.1B
TOTAL ASSETS	$7.4B
Account Payables	$604M
Short-Term Debt	$44M
Deferred Revenue	$0
Other Current Liabilities	$124M
TOTAL CURRENT LIABILITIES	$1.3B
Long-Term Debt	$1.8B
Deferred Revenue NC	$0
Deferred Tax Liabilities	$136M
Other Non-Current Liabilities	$205M
TOTAL NON-CURRENT LIABILITIES	$2.3B
TOTAL LIABILITIES	$3.6B
Common Stock	$1M
Additional Paid-In Capital	$1.2B
Retained Earnings	$5.1B
Treasury Stock	-$1.4B
Accum. Other Comp. Income	-$1.1B
Other Equity	$60M
TOTAL STOCKHOLDERS' EQUITY	$3.9B
Minority Interest	$26M
TOTAL EQUITY	$3.9B
TOTAL LIABILITIES & EQUITY	$7.4B
Total Debt	$2.0B
Net Debt	$1.0B