Ingredion Inc INGR Income Statement

Dec'19	Dec'18	Dec'17	Dec'16	Dec'15	Dec'14	Dec'13	Dec'12	Dec'11	Dec'10	Dec'09	Dec'08
Net sales before shipping and handling costs
-	-	-	6,082	5,958	5,998	6,653	6,532	6,219	4,367	3,672	3,944
Less: shipping and handling costs
-	-	-	378	337	330	325	336	325	265	218	253
Net sales
6,209	6,289	6,244	5,704	5,621	5,668	6,328	6,868	6,544	4,632	3,890	4,197
Cost of sales
4,897	4,921	4,772	4,303	4,379	4,553	5,197	5,294	5,093	3,643	3,152	3,239
Gross profit
1,312	1,368	1,472	1,401	1,242	1,115	1,131	1,238	1,126	724	520	705
Operating expenses
610	611	616	580	555	525	534	556	543	370	247	275
Other income, net
19	10	18	4	1	24	16	22	98	10	5	4
Restructuring/impairment charges
57	64	38	19	28	33	-	36	10	25	125	-
Operating income
664	703	836	806	660	581	613	668	671	339	153	434
Financing costs, net
81	86	73	66	61	61	66	67	78	64	38	29
Other, non-operating expense (income), net
-1	4	6	2	-	-	-	-	-	-	-	-
Income before income taxes
582	621	769	742	599	520	547	601	593	275	115	405
Provision for income taxes
158	167	237	246	187	157	144	167	170	99	68	130
Net income
424	454	532	496	412	363	403	434	423	176	47	275
Less: Net income attributable to non-controlling interests
11	11	13	11	10	8	7	6	7	7	6	8
Net income attributable to Ingredion
413	443	519	485	402	355	396	428	416	169	41	267
Weighted average common shares outstanding:
Basic (in shares)
66	70	72	72	71	73	77	76	76	75	74	74
Diluted (in shares)
67	71	73	74	73	74	78	78	78	76	75	75
Earnings per common share of Ingredion:
Basic (in dollars per share)
6.17	6.25	7.21	6.70	5.62	4.82	5.14	5.59	5.44	2.24	0.55	3.59
Diluted (in dollars per share)
6.13	6.17	7.06	6.55	5.51	4.74	5.05	5.47	5.32	2.20	0.54	3.52