Ingredion Inc INGR Income Statement

Ingredion inc (INGR)

Income statement / Quarterly

Mar'20	Dec'19	Sep'19	Jun'19	Mar'19	Dec'18	Sep'18	Jun'18	Mar'18	Dec'17	Sep'17	Jun'17	Mar'17	Dec'16	Sep'16	Jun'16	Mar'16	Dec'15	Sep'15	Jun'15	Mar'15	Dec'14	Sep'14	Jun'14	Mar'14	Dec'13	Sep'13	Jun'13	Mar'13	Dec'12	Sep'12	Jun'12	Mar'12	Dec'11	Sep'11	Jun'11	Mar'11	Dec'10	Sep'10	Jun'10	Mar'10	Sep'09	Jun'09
Net sales before shipping and handling costs
-	-	1,574	1,550	-	-	1,563	1,608	1,581	-	1,591	1,558	1,552	1,546	1,569	1,533	1,434	1,488	1,524	1,536	1,410	1,527	1,544	1,568	1,357	1,824	1,611	1,633	1,583	1,643	1,679	1,635	1,574	1,547	1,627	1,584	1,459	1,407	1,019	1,003	937	970	911
Less: shipping and handling costs
-	-	117	116	-	-	113	112	112	-	106	101	99	146	80	78	74	83	87	87	80	82	84	85	77	80	84	82	78	82	85	84	83	81	84	82	76	80	63	62	57	56	54
Net sales
1,543	1,782	1,457	1,434	1,536	1,874	1,450	1,496	1,469	1,849	1,485	1,457	1,453	1,400	1,489	1,455	1,360	1,405	1,437	1,449	1,330	1,290	1,460	1,482	1,435	1,254	1,695	1,715	1,662	1,726	1,764	1,719	1,658	1,629	1,712	1,667	1,535	1,488	1,083	1,065	994	1,027	965
Cost of sales
1,220	1,459	1,113	1,105	1,220	1,554	1,116	1,136	1,115	1,489	1,097	1,084	1,102	1,062	1,120	1,100	1,021	1,093	1,107	1,130	1,049	1,096	1,162	1,186	1,107	1,208	1,352	1,357	1,278	1,310	1,365	1,339	1,278	1,267	1,351	1,312	1,161	1,161	847	839	794	817	800
Gross profit
323	323	344	329	316	320	334	360	354	360	388	373	351	338	369	355	339	312	330	319	281	271	297	295	249	290	258	276	305	333	313	295	295	280	275	271	298	245	171	163	142	153	111
Operating expenses
154	153	153	154	150	146	148	161	156	154	154	158	150	149	149	144	138	-	139	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-
Other income, net
-2	16	2	2	-1	3	3	2	2	11	4	1	2	2	3	0	-1	4	-2	-2	1	5	9	3	4	5	3	2	5	11	2	2	5	33	1	2	60	5	1	4	-1	0	1
Restructuring/impairment charges
14	16	28	9	4	19	34	8	3	15	7	6	10	-	2	13	-	4	14	0	10	-	-	-	-	-	-	-	-	9	9	13	3	-	3	2	-	-	3	18	-	-	125
Operating income
153	170	165	168	161	158	155	193	197	202	231	210	193	187	221	198	200	172	175	173	140	118	178	162	122	160	136	140	175	185	168	152	161	166	142	134	227	102	88	76	71	87	-73
Financing costs, net
18	19	24	16	22	21	24	25	16	16	16	20	21	18	15	19	14	16	14	17	14	12	15	17	16	15	17	16	16	14	16	17	19	19	12	19	26	22	30	6	4	9	10
Other, non-operating expense (income), net
1	-	-1	-	-	1	1	1	1	1	2	1	2	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-
Income before income taxes
136	151	140	152	139	138	132	169	182	187	217	191	174	171	206	179	186	156	161	156	126	105	163	145	105	145	119	123	158	171	152	135	141	146	129	115	200	79	58	69	67	78	-84
Provision for income taxes
58	38	38	45	37	41	34	53	39	84	48	58	47	74	60	59	53	49	51	47	40	43	42	40	30	39	30	27	46	57	38	25	45	49	40	34	45	26	19	30	22	24	-0
Net income
78	113	102	107	102	97	98	116	143	103	169	133	127	97	146	120	133	107	110	109	86	62	120	104	75	106	88	96	112	113	113	110	95	97	89	81	155	53	38	38	44	54	-83
Less: Net income attributable to non-controlling interests
3	4	3	2	2	3	3	2	3	4	3	3	3	2	3	3	3	4	2	2	2	1	1	2	2	2	2	1	1	1	1	1	1	1	1	1	1	1	1	2	1	1	1
Net income attributable to Ingredion
75	109	99	105	100	94	95	114	140	99	166	130	124	95	143	117	130	103	108	107	84	61	118	102	72	103	86	95	110	112	112	109	94	95	87	79	153	51	36	36	43	52	-84
Weighted average common shares outstanding:
Basic (in shares)
67	67	66	66	66	68	71	71	72	72	71	71	72	72	72	72	72	71	71	71	71	71	73	74	74	75	77	77	77	76	76	76	76	75	76	76	76	76	75	75	75	74	74
Diluted (in shares)
67	67	67	67	67	68	71	72	73	73	73	73	73	74	74	74	73	73	72	72	72	73	74	76	75	76	78	78	78	79	77	77	78	78	78	78	78	77	76	76	76	75	74
Earnings per common share of Ingredion:
Basic (in dollars per share)
1.12	1.62	1.48	1.57	1.50	1.39	1.33	1.59	1.94	1.37	2.31	1.81	1.72	1.29	1.98	1.62	1.81	1.45	1.51	1.49	1.17	0.86	1.62	1.37	0.97	1.37	1.12	1.22	1.43	1.47	1.47	1.42	1.23	1.25	1.15	1.03	2.01	0.68	0.49	0.49	0.58	0.70	-1.13
Diluted (in dollars per share)
1.11	1.62	1.47	1.56	1.48	1.38	1.32	1.57	1.90	1.34	2.26	1.78	1.68	1.27	1.93	1.58	1.77	1.41	1.48	1.47	1.15	0.83	1.60	1.35	0.96	1.34	1.10	1.20	1.41	1.41	1.45	1.40	1.21	1.22	1.12	1.01	1.97	0.67	0.48	0.48	0.57	0.70	-1.13