Ingredion (INGR) FY2022 results: revenue $7.9 billion, up 15.3% on the year
Ingredion Inc. (INGR) reported revenue of $7.9 billion for fiscal 2022, the year ended 31 December 2022, up 15.3% on the year before. Net income was $492 million, up 320.5%, and diluted earnings per share $7.34. The figures are the company's own, from the 10-K it filed with the SEC on 21 February 2023.
Revenue
$7.9 billion
+15.3% on the year
FY2015FY2022
Operating margin
9.6%
4.5% a year earlier
FY2015FY2022
Net income
$492 million
+320.5% on the year
FY2015FY2022
Diluted EPS
$7.34
+324.3% on the year
FY2015FY2022
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
FY2022
FY2021
FY2020
On the year
Last 8 years
Operating cash flow
152
392
829
-61.2%
Capital expenditure
300
300
340
0.0%
Free cash flow
-148
92.0
489
Free cash flow margin
-1.9%
1.3%
8.2%
Cash from investing
-320
-335
-571
Cash from financing
103
-373
143
Depreciation and amortisation
215
220
213
-2.3%
Share-based compensation
29.0
23.0
23.0
+26.1%
Dividends paid
181
184
178
-1.6%
Diluted shares, weighted
67m
68m
68m
-1.2%
Shares outstanding at period end
66m
67m
67m
-1.4%
Balance sheet
$ million
FY2022
FY2021
FY2020
On the year
Last 8 years
Shareholders' equity
3,147
3,100
2,951
+1.5%
Non-controlling interest
16.0
18.0
21.0
-11.1%
Redeemable equity
48.0
36.0
30.0
+33.3%
Debt
2,483
2,046
2,186
+21.4%
Operating lease liabilities
146
154
136
-5.2%
Other liabilities
1,721
1,645
1,534
+4.6%
Total liabilities and equity
7,561
6,999
6,858
+8.0%
Fixed assets
2,407
2,423
2,455
-0.7%
Goodwill
900
914
902
-1.5%
Intangible assets
401
434
444
-7.6%
Cash and equivalents
236
328
665
-28.0%
Receivables
1,411
1,130
1,011
+24.9%
Inventory
1,597
1,172
917
+36.3%
Other assets
609
598
464
+1.8%
Total assets
7,561
6,999
6,858
+8.0%
10-K for the year ended 31 December 2022, filed 21 February 2023: the filing.