Archer-Daniels-Midland Company (ADM)

ADM Income Statement

Financials in millions USD. Fiscal year is January - December.

Year Ending	TTM	Dec 31, 2023	Dec 31, 2022	Dec 31, 2021	Dec 31, 2020	Dec 31, 2019
Revenue	91,710	93,935	101,556	85,249	64,355	64,656
Revenue Growth (YoY)	-10.07%	-7.50%	19.13%	32.47%	-0.47%	0.49%
Cost of Revenue	84,618	86,422	93,986	79,262	59,902	60,509
Gross Profit	7,092	7,513	7,570	5,987	4,453	4,147
Selling, General & Admin	3,526	3,456	3,358	2,994	2,687	2,493
Other Operating Expenses	353	342	66	164	80	303
Operating Expenses	3,879	3,798	3,424	3,158	2,767	2,796
Operating Income	3,213	3,715	4,146	2,829	1,686	1,351
Interest Expense / Income	666	647	396	265	339	402
Other Expense / Income	-1,264	-1,243	-1,458	-723	-526	-639
Pretax Income	3,811	4,311	5,208	3,287	1,873	1,588
Income Tax	769	828	868	578	101	209
Net Income	3,042	3,483	4,340	2,709	1,772	1,379
Net Income Growth	-31.73%	-19.75%	60.21%	52.88%	28.50%	-23.81%
Shares Outstanding (Basic)	513	541	562	564	561	563
Shares Outstanding (Diluted)	514	542	563	566	565	565
Shares Change	-6.72%	-3.73%	-0.53%	0.18%	-	-0.35%
EPS (Basic)	5.72	6.44	7.72	4.80	3.16	2.45
EPS (Diluted)	5.72	6.43	7.71	4.79	3.15	2.44
EPS Growth	-28.23%	-16.60%	60.96%	52.06%	29.10%	-23.51%
Free Cash Flow	5,275	2,966	2,159	5,426	-3,209	-6,280
Free Cash Flow Per Share	10.28	5.48	3.84	9.62	-5.72	-11.15
Dividend Per Share	1.850	1.800	1.600	1.480	1.440	1.400
Dividend Growth	12.12%	12.50%	8.11%	2.78%	2.86%	4.48%
Gross Margin	7.73%	8.00%	7.45%	7.02%	6.92%	6.41%
Operating Margin	3.50%	3.95%	4.08%	3.32%	2.62%	2.09%
Profit Margin	3.32%	3.71%	4.27%	3.18%	2.75%	2.13%
Free Cash Flow Margin	5.75%	3.16%	2.13%	6.36%	-4.99%	-9.71%
Effective Tax Rate	20.18%	19.21%	16.67%	17.58%	5.39%	13.16%
EBITDA	5,557	6,017	6,632	4,548	3,188	2,983
EBITDA Margin	6.06%	6.41%	6.53%	5.33%	4.95%	4.61%
Depreciation & Amortization	1,080	1,059	1,028	996	976	993
EBIT	4,477	4,958	5,604	3,552	2,212	1,990
EBIT Margin	4.88%	5.28%	5.52%	4.17%	3.44%	3.08%

Source: Financials are provided by Nasdaq Data Link and sourced from the audited annual (10-K) and quarterly (10-Q) reports submitted to the Securities and Exchange Commission (SEC).