INGR Q2 2020 Earnings Report — Ingredion Incorporated Revenue & Financial Results | Market Cap Arena

Ingredion IncorporatedINGR

Q2 2020 Earnings

Reported August 5, 2020

Quarter Comparison

Revenue

Operating Income

Gross Margin

Net Margin

EPS (Diluted)

Free Cash Flow

Metric	Q2 2020	Q1 2020	Q2 2019	QoQ Change	YoY Change
Revenue	$1.3B	$1.5B	—	-12.6%	—
Op. Income	$113M	$153M	—	-26.1%	—
Gross Margin	20.1%	20.9%	—	-0.8pp	—
Net Margin	4.9%	4.9%	—	0.0pp	—
EPS (Diluted)	$0.98	$1.11	—	-11.7%	—
Free Cash Flow	$152M	-$33M	—	560.6%	—

Revenue Flow

Item	Amount
REVENUE	$1.3B
Cost of Revenue	$1.1B
GROSS PROFIT	$271M
R&D Expenses	$0
Selling & Marketing	$0
General & Administrative	$0
SG&A Expenses	$0
Other Expenses	$158M
Operating Expenses	$158M
Cost & Expenses	$1.2B
OPERATING INCOME	$113M
Interest Income	$0
Interest Expense	$19M
Other Income/Expenses	-$19M
INCOME BEFORE TAX	$94M
Income Tax Expense	$27M
Net Income from Continuing Ops	$67M
Net Income from Discontinued Ops	$0
Other Adjustments	$0
NET INCOME	$66M
Net Income Deductions	$0
BOTTOM LINE NET INCOME	$66M
D&A	$52M
EBIT	$113M
EBITDA	$165M
EPS	$1
EPS Diluted	$1

Income Statement

Item	Amount
REVENUE	$1.3B
Cost of Revenue	$1.1B
GROSS PROFIT	$271M
R&D Expenses	$0
Selling & Marketing	$0
General & Administrative	$0
SG&A Expenses	$0
Other Expenses	$158M
Operating Expenses	$158M
Cost & Expenses	$1.2B
OPERATING INCOME	$113M
Interest Income	$0
Interest Expense	$19M
Other Income/Expenses	-$19M
INCOME BEFORE TAX	$94M
Income Tax Expense	$27M
Net Income from Continuing Ops	$67M
Net Income from Discontinued Ops	$0
Other Adjustments	$0
NET INCOME	$66M
Net Income Deductions	$0
BOTTOM LINE NET INCOME	$66M
D&A	$52M
EBIT	$113M
EBITDA	$165M
EPS	$1
EPS Diluted	$1

Cash Flow Statement

Item	Amount
Net Income	$66M
Depreciation & Amortization	$51M
Stock-Based Compensation	$6M
Deferred Income Tax	$0
Other Non-Cash Items	-$19M
Change in Working Capital	$125M
OPERATING CASH FLOW	$229M
Capital Expenditure	-$77M
Acquisitions (Net)	$0
Purchases of Investments	$0
Sales/Maturities of Investments	$0
Other Investing Activities	-$5M
NET CASH FROM INVESTING	-$82M
Net Debt Issuance	$675M
Common Stock Repurchased	$0
Common Dividends Paid	-$42M
Other Financing Activities	-$12M
NET CASH FROM FINANCING	$621M
FREE CASH FLOW	$152M
Net Change in Cash	$769M

Balance Sheet

Item	Amount
Cash & Equivalents	$1.0B
Short-Term Investments	$1M
Net Receivables	$861M
Inventory	$859M
Other Current Assets	$0
TOTAL CURRENT ASSETS	$2.8B
PP&E (Net)	$2.4B
Goodwill	$791M
Intangible Assets	$421M
Long-Term Investments	$0
Tax Assets	$17M
Other Non-Current Assets	$182M
TOTAL NON-CURRENT ASSETS	$3.8B
TOTAL ASSETS	$6.6B
Account Payables	$0
Short-Term Debt	$470M
Deferred Revenue	$0
Other Current Liabilities	$812M
TOTAL CURRENT LIABILITIES	$1.3B
Long-Term Debt	$2.1B
Deferred Revenue NC	$0
Deferred Tax Liabilities	$172M
Other Non-Current Liabilities	$236M
TOTAL NON-CURRENT LIABILITIES	$2.7B
TOTAL LIABILITIES	$3.9B
Common Stock	$1M
Additional Paid-In Capital	$1.1B
Retained Earnings	$3.8B
Treasury Stock	-$1.0B
Accum. Other Comp. Income	-$1.3B
Other Equity	$0
TOTAL STOCKHOLDERS' EQUITY	$2.6B
Minority Interest	$20M
TOTAL EQUITY	$2.7B
TOTAL LIABILITIES & EQUITY	$6.6B
Total Debt	$2.7B
Net Debt	$1.7B