Ingredion Incorporated (INGR)

Ingredion 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	7,905	8,160	7,946	6,894	5,987	6,209
Revenue Growth (YoY)	-3.49%	2.69%	15.26%	15.15%	-3.58%	-1.27%
Cost of Revenue	6,226	6,411	6,452	5,563	4,715	4,897
Gross Profit	1,679	1,749	1,494	1,331	1,272	1,312
Selling, General & Admin	791	789	715	668	628	610
Other Operating Expenses	9	3	17	353	62	38
Operating Expenses	800	792	732	1,021	690	648
Operating Income	879	957	762	310	582	664
Interest Expense / Income	101	114	99	74	81	81
Other Expense / Income	-71	12	5	-4	1	12
Pretax Income	849	831	658	240	500	571
Income Tax	181	188	166	123	152	158
Net Income	668	643	492	117	348	413
Net Income Growth	20.80%	30.69%	320.51%	-66.38%	-15.74%	-6.77%
Shares Outstanding (Basic)	66	66	66	67	67	67
Shares Outstanding (Diluted)	67	67	67	68	68	67
Shares Change	-0.45%	-	-1.18%	0.30%	0.30%	-6.13%
EPS (Basic)	10.13	9.74	7.43	1.74	5.18	6.17
EPS (Diluted)	9.98	9.60	7.34	1.73	5.15	6.13
EPS Growth	20.68%	30.79%	324.28%	-66.41%	-15.99%	-0.65%
Free Cash Flow	1,013	743	-141	110	496	354
Free Cash Flow Per Share	15.42	11.26	-2.13	1.64	7.38	5.29
Dividend Per Share	3.050	2.980	2.720	2.580	2.540	2.510
Dividend Growth	9.71%	9.56%	5.43%	1.57%	1.20%	2.45%
Gross Margin	21.24%	21.43%	18.80%	19.31%	21.25%	21.13%
Operating Margin	11.12%	11.73%	9.59%	4.50%	9.72%	10.69%
Profit Margin	8.45%	7.88%	6.19%	1.70%	5.81%	6.65%
Free Cash Flow Margin	12.81%	9.11%	-1.77%	1.60%	8.28%	5.70%
Effective Tax Rate	21.32%	22.62%	25.23%	51.25%	30.40%	27.67%
EBITDA	1,168	1,164	972	534	794	872
EBITDA Margin	14.78%	14.26%	12.23%	7.75%	13.26%	14.04%
Depreciation & Amortization	218	219	215	220	213	220
EBIT	950	945	757	314	581	652
EBIT Margin	12.02%	11.58%	9.53%	4.55%	9.70%	10.50%

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).