Corteva (CTVA) FY2024 results: revenue $16.9 billion, down 1.8% on the year
Corteva, Inc. (CTVA) reported revenue of $16.9 billion for fiscal 2024, the year ended 31 December 2024, down 1.8% on the year before. Net income was $907 million, up 23.4%, and diluted earnings per share $1.30. The figures are the company's own, from the 10-K it filed with the SEC on 14 February 2025.
Revenue
$16.9 billion
-1.8% on the year
FY2017FY2024
Operating margin
n/a
FY2017FY2024
Net income
$907 million
+23.4% on the year
FY2017FY2024
Diluted EPS
$1.30
+26.2% on the year
FY2017FY2024
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
FY2024
FY2023
FY2022
On the year
Last 8 years
Operating cash flow
2,145
1,769
872
+21.3%
Capital expenditure
597
595
605
+0.3%
Free cash flow
1,548
1,174
267
+31.9%
Free cash flow margin
9.2%
6.8%
1.5%
Cash from investing
-589
-1,987
-632
Cash from financing
-1,199
-99.0
-1,180
Depreciation and amortisation
1,227
1,211
1,223
+1.3%
Buybacks
1,009
756
1,000
+33.5%
Dividends paid
458
439
418
+4.3%
Dividend per share
$0.66
$0.58
$0.58
+13.8%
Diluted shares, weighted
696m
712m
724m
-2.2%
Shares outstanding at period end
686m
701m
713m
-2.2%
Balance sheet
$ million
FY2024
FY2023
FY2022
On the year
Last 8 years
Shareholders' equity
23,789
25,037
25,302
-5.0%
Non-controlling interest
241
242
239
-0.4%
Debt
2,703
2,489
1,307
+8.6%
Operating lease liabilities
342
355
331
-3.7%
Finance lease liabilities
0.0
1.0
2.0
Other liabilities
13,750
14,872
15,437
-7.5%
Total liabilities and equity
40,825
42,996
42,618
-5.0%
Fixed assets
4,099
4,287
4,254
-4.4%
Goodwill
10,408
10,605
9,962
-1.9%
Intangible assets
8,876
9,626
9,339
-7.8%
Investments
63.0
98.0
124
-35.7%
Cash and equivalents
3,106
2,644
3,191
+17.5%
Receivables
4,448
4,210
4,168
+5.7%
Inventory
5,432
6,899
6,811
-21.3%
Other assets
4,393
4,627
4,769
-5.1%
Total assets
40,825
42,996
42,618
-5.0%
10-K for the year ended 31 December 2024, filed 14 February 2025: the filing.