Ingredion (INGR) FY2021 results: revenue $6.9 billion, up 15.1% on the year
Ingredion Inc. (INGR) reported revenue of $6.9 billion for fiscal 2021, the year ended 31 December 2021, up 15.1% on the year before. Net income was $117 million, down 66.4%, and diluted earnings per share $1.73. The figures are the company's own, from the 10-K it filed with the SEC on 22 February 2022.
Revenue
$6.9 billion
+15.1% on the year
FY2014FY2021
Operating margin
4.5%
9.7% a year earlier
FY2014FY2021
Net income
$117 million
-66.4% on the year
FY2014FY2021
Diluted EPS
$1.73
-66.4% on the year
FY2014FY2021
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
392
829
680
-52.7%
Capital expenditure
300
340
328
-11.8%
Free cash flow
92.0
489
352
-81.2%
Free cash flow margin
1.3%
8.2%
5.7%
Cash from investing
-335
-571
-374
Cash from financing
-373
143
-364
Depreciation and amortisation
220
213
220
+3.3%
Share-based compensation
23.0
23.0
18.0
0.0%
Dividends paid
184
178
174
+3.4%
Diluted shares, weighted
68m
68m
67m
+0.3%
Shares outstanding at period end
67m
67m
67m
-0.5%
Balance sheet
$ million
FY2021
FY2020
FY2019
On the year
Last 8 years
Shareholders' equity
3,100
2,951
2,720
+5.0%
Non-controlling interest
18.0
21.0
21.0
-14.3%
Redeemable equity
36.0
30.0
31.0
+20.0%
Debt
2,046
2,186
1,848
-6.4%
Operating lease liabilities
154
136
120
+13.2%
Other liabilities
1,645
1,534
1,300
+7.2%
Total liabilities and equity
6,999
6,858
6,040
+2.1%
Fixed assets
2,423
2,455
2,306
-1.3%
Goodwill
914
902
801
+1.3%
Intangible assets
434
444
437
-2.3%
Cash and equivalents
328
665
264
-50.7%
Receivables
1,130
1,011
977
+11.8%
Inventory
1,172
917
861
+27.8%
Other assets
598
464
394
+28.9%
Total assets
6,999
6,858
6,040
+2.1%
10-K for the year ended 31 December 2021, filed 22 February 2022: the filing.