Corteva, Inc. (CTVA)

Corteva Income Statement

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

Fiscal Year	TTM	FY 2023	FY 2022	FY 2021	FY 2020	FY 2019
Period Ending	Sep 30, 2024	Dec 31, 2023	Dec 31, 2022	Dec 31, 2021	Dec 31, 2020	Dec 31, 2019
Revenue	16,637	17,226	17,455	15,655	14,217	13,846
Revenue Growth (YoY)	-4.08%	-1.31%	11.50%	10.11%	2.68%	-3.09%
Cost of Revenue	9,437	9,905	10,436	9,220	8,507	8,303
Gross Profit	7,200	7,321	7,019	6,435	5,710	5,543
Selling, General & Admin	3,333	3,295	3,010	1,891	2,675	2,874
Research & Development	1,394	1,337	1,216	1,187	1,142	1,147
Operating Expenses	5,423	5,315	4,928	3,800	4,499	4,496
Operating Income	1,777	2,006	2,091	2,635	1,211	1,047
Interest Expense	-235	-233	-79	-30	-45	-136
Interest & Investment Income	223	283	124	77	56	59
Earnings From Equity Investments	13	10	20	14	-	-9
Currency Exchange Gain (Loss)	-389	-397	-229	-54	-174	-66
Other Non Operating Income (Expenses)	2	-42	-70	-74	-36	9
EBT Excluding Unusual Items	1,391	1,627	1,857	2,568	1,012	904
Merger & Restructuring Charges	-384	-333	-371	-289	-335	-1,238
Gain (Loss) on Sale of Investments	-	-	-	40	-	-24
Gain (Loss) on Sale of Assets	6	-	18	21	-2	88
Other Unusual Items	-149	-201	-78	6	-	-46
Pretax Income	864	1,093	1,426	2,346	675	-316
Income Tax Expense	182	152	210	524	-81	-46
Earnings From Continuing Operations	682	941	1,216	1,822	756	-270
Earnings From Discontinued Operations	25	-194	-58	-53	-55	-671
Net Income to Company	707	747	1,158	1,769	701	-941
Minority Interest in Earnings	-12	-12	-11	-10	-20	-18
Net Income	695	735	1,147	1,759	681	-959
Net Income to Common	695	735	1,147	1,759	681	-959
Net Income Growth	-25.51%	-35.92%	-34.79%	158.30%	-	-
Shares Outstanding (Basic)	698	709	721	736	749	750
Shares Outstanding (Diluted)	700	712	725	742	751	750
Shares Change (YoY)	-2.02%	-1.74%	-2.31%	-1.28%	0.23%	0.01%
EPS (Basic)	1.00	1.04	1.59	2.39	0.91	-1.28
EPS (Diluted)	0.98	1.03	1.58	2.37	0.91	-1.28
EPS Growth	-24.52%	-34.97%	-33.29%	161.20%	-	-
Free Cash Flow	1,746	1,174	267	2,154	1,589	-93
Free Cash Flow Per Share	2.49	1.65	0.37	2.90	2.12	-0.12
Dividend Per Share	0.660	0.630	0.590	0.550	0.520	0.390
Dividend Growth	6.45%	6.78%	7.27%	5.77%	33.33%	-
Gross Margin	43.28%	42.50%	40.21%	41.10%	40.16%	40.03%
Operating Margin	10.68%	11.65%	11.98%	16.83%	8.52%	7.56%
Profit Margin	4.18%	4.27%	6.57%	11.24%	4.79%	-6.93%
Free Cash Flow Margin	10.49%	6.82%	1.53%	13.76%	11.18%	-0.67%
EBITDA	3,014	3,217	3,314	3,878	2,388	2,047
EBITDA Margin	18.12%	18.68%	18.99%	24.77%	16.80%	14.78%
D&A For EBITDA	1,237	1,211	1,223	1,243	1,177	1,000
EBIT	1,777	2,006	2,091	2,635	1,211	1,047
EBIT Margin	10.68%	11.65%	11.98%	16.83%	8.52%	7.56%
Effective Tax Rate	21.06%	13.91%	14.73%	22.34%	-	-

Source: S&P Capital IQ. Standard template. Financial Sources.