Corteva (CTVA) FY2021 results: revenue $15.7 billion, up 10.1% on the year
Corteva, Inc. (CTVA) reported revenue of $15.7 billion for fiscal 2021, the year ended 31 December 2021, up 10.1% on the year before. Net income was $1.8 billion, up 158.3%, and diluted earnings per share $2.37. The figures are the company's own, from the 10-K it filed with the SEC on 10 February 2022.
Revenue
$15.7 billion
+10.1% on the year
FY2017FY2021
Operating margin
n/a
FY2017FY2021
Net income
$1.8 billion
+158.3% on the year
FY2017FY2021
Diluted EPS
$2.37
+160.4% on the year
FY2017FY2021
this yearthe year beforeHover a bar for its figure.
$ million except per share. Read moreFree cash flow is operating cash flow less capital expenditure; the effective tax rate is income tax over pre-tax income; margins are the line over revenue. Gross profit is revenue less cost of revenue, and operating income is revenue less the company's own total costs, where the statement does not print those lines. Those four are arithmetic on the filed numbers; everything else is as filed. Money is in $ million as the company files it, or in $ billion by the switch above the tables; per share figures and share counts are as they are.
Cash flow
$ million
FY2021
FY2020
FY2019
On the year
Last 8 years
Operating cash flow
2,727
2,064
1,070
+32.1%
Capital expenditure
573
475
1,163
+20.6%
Free cash flow
2,154
1,589
-93.0
+35.6%
Free cash flow margin
13.8%
11.2%
-0.7%
Cash from investing
-362
-674
-904
Cash from financing
-1,266
303
-2,929
Depreciation and amortisation
1,243
1,177
1,599
+5.6%
Buybacks
950
275
25.0
+245.5%
Dividends paid
397
-388
-194
Dividend per share
$0.54
$0.52
$0.26
+3.8%
Diluted shares, weighted
742m
751m
750m
-1.3%
Shares outstanding at period end
727m
743m
749m
-2.3%
Balance sheet
$ million
FY2021
FY2020
FY2019
On the year
Last 8 years
Shareholders' equity
25,384
24,824
24,309
+2.3%
Non-controlling interest
239
239
246
0.0%
Debt
1,100
1,102
115
-0.2%
Operating lease liabilities
338
391
426
-13.6%
Finance lease liabilities
3.0
4.0
5.0
-25.0%
Other liabilities
15,280
16,089
17,296
-5.0%
Total liabilities and equity
42,344
42,649
42,397
-0.7%
Fixed assets
4,329
4,396
4,546
-1.5%
Goodwill
10,107
10,269
10,229
-1.6%
Intangible assets
10,044
10,747
11,424
-6.5%
Investments
86.0
269
5.0
-68.0%
Cash and equivalents
4,459
3,526
1,764
+26.5%
Receivables
3,441
3,754
4,225
-8.3%
Inventory
5,180
4,882
5,032
+6.1%
Other assets
4,698
4,806
5,172
-2.2%
Total assets
42,344
42,649
42,397
-0.7%
10-K for the year ended 31 December 2021, filed 10 February 2022: the filing.