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Corteva, Inc.

BST:2X0

United States / Materials / Chemicals

Overview

5Y Historical Financials

Stock Price

58.06 EUR


Key Metrics	Latest
Total Revenue	16.908 B
Adjusted EBITDA	3.179 B
EBITDA Margin	18.8%
Net Profit Margin	7.1%
Total Assets	40.825 B
Total Debt	3.179 B

5Y Historical Financial Statements

Summary Financials


Summary Financials

	Fiscal Year Ending					Latest	Year-to-date Ending
(in millions)	Dec-20	Dec-21	Dec-22	Dec-23	Dec-24	12 Months	Dec-23	Dec-24

Revenue	14,217.00	15,655.00	17,455.00	17,226.00	16,908.00	16,908.00	17,226.00	16,908.00
% Growth		0.10	0.11	(0.01)	(0.02)			(0.02)

Adjusted EBITDA	2,388.00	3,878.00	3,314.00	3,214.00	3,179.00	3,179.00	3,214.00	3,179.00
% Margin	0.17	0.25	0.19	0.19	0.19	0.19	0.19	0.19

Adjusted EBIT	1,211.00	2,635.00	2,091.00	2,003.00	1,952.00	1,952.00	2,003.00	1,952.00
% Margin	0.09	0.17	0.12	0.12	0.12	0.12	0.12	0.12

Adjusted Net Income	950.38	1,933.28	1,474.72	1,123.66	1,194.28	1,194.28	1,123.66	1,194.28
% Margin	0.07	0.12	0.08	0.07	0.07	0.07	0.07	0.07

Adjusted Basic EPS	1.27	2.63	2.05	1.58	1.72	1.72	1.58	1.72

Supporting Calculations

Income Statement

Balance Sheet

Statement of Cashflows


Income Statement
						Original
USD	Fiscal Year Ending					Latest	Year-to-date Ending
(in millions)	Dec-20	Dec-21	Dec-22	Dec-23	Dec-24	Dec-24	Dec-23	Dec-24
	FY - 4	FY - 3	FY - 2	FY - 1	FY	LTM	YTD-1	YTD

Revenue	14,217	15,655	17,455	17,226	16,908	16,908	17,226	16,908
% Growth	NA	10.1%	11.5%	-1.3%	-1.8%			-1.8%

Cost of Revenue	(8,507)	(9,220)	(10,436)	(9,908)	(9,529)	(9,529)	(9,908)	(9,529)
Gross Profit	5,710	6,435	7,019	7,318	7,379	7,379	7,318	7,379
% Revenue	40.2%	41.1%	40.2%	42.5%	43.6%	43.6%	42.5%	43.6%

Research and Development	(1,142)	(1,187)	(1,216)	(1,337)	(1,402)	(1,402)	(1,337)	(1,402)
Selling and Marketing	0	0	0	0	0	0	0	0
General and Admin	(2,675)	(1,891)	(3,010)	(3,295)	(3,340)	(3,340)	(3,295)	(3,340)
Other Inc / (Exp)	(1,229)	(1,058)	(1,412)	(1,643)	(1,261)	(1,261)	(1,643)	(1,261)
Total Operating Exp	(5,046)	(4,136)	(5,638)	(6,275)	(6,003)	(6,003)	(6,275)	(6,003)

Operating Income	664	2,299	1,381	1,043	1,376	1,376	1,043	1,376
% Revenue	4.7%	14.7%	7.9%	6.1%	8.1%	8.1%	6.1%	8.1%

Interest Expense	11	47	45	50	(101)	(101)	50	(101)
Pre-tax Income	675	2,346	1,426	1,093	1,275	1,275	1,093	1,275
Earnings of Discontinued Ops.	(55)	(53)	(58)	(194)	56	56	(194)	56
Provision for Taxes	81	(524)	(210)	(152)	(412)	(412)	(152)	(412)
Net Income to Company	701	1,769	1,158	747	919	919	747	919
% Margin	4.9%	11.3%	6.6%	4.3%	5.4%	5.4%	4.3%	5.4%

Minority Interest in Earnings	(20)	(10)	(11)	(12)	(12)	(12)	(12)	(12)
Net Income to Stockholders	681	1,759	1,147	735	907	907	735	907

Preferred Dividends	0	0	0	0	0	0	0	0
Other Adj.	55	53	58	194	(56)	(56)	194	(56)

Net Income to Common	736	1,812	1,205	929	851	851	929	851
% Margin	5.2%	11.6%	6.9%	5.4%	5.0%	5.0%	5.4%	5.0%

As Reported
Basic EPS (Continuing Ops)	0.98	2.46	1.67	1.31	1.23	1.23	1.31	1.23
Diluted EPS (Continuing Ops)	0.98	2.44	1.66	1.30	1.22	1.22	1.30	1.22

WA Basic Shares Out.	748.70	735.90	720.80	709.00	693.70	693.70	709.00	693.70
WA Diluted Shares Out.	751.20	741.60	724.50	711.90	696.00	696.00	711.90	696.00

EBITDA, EBIT Reconciliation
EBT, Incl. Unusual Items	675	2,346	1,426	1,093	1,275	1,275	1,093	1,275
Addback: Net Interest Expense	(11)	(47)	(45)	(50)	101	101	(50)	101
Addback: Other Non Operating Expenses, Total	210	114	282	451	204	204	451	204
Addback: Depreciation & Amortization	1,177	1,243	1,223	1,211	1,227	1,227	1,211	1,227
Addback: Restructuring Charges	335	289	368	330	288	288	330	288
Addback: Merger / Acquisition Expenses	0	0	0	0	0	0	0	0
Addback: Goodwill Impairment	0	0	0	0	0	0	0	0
Addback: Gain (Loss) On Sale Of Invest.	0	(40)	0	0	0	0	0	0
Addback: Gain (Loss) On Sale Of Assets	2	(21)	(18)	(22)	(17)	(17)	(22)	(17)
Addback: Asset Writedown	0	0	0	0	0	0	0	0
Addback: In Process R&D Expenses	0	0	0	0	0	0	0	0
Addback: Insurance Settlements	0	0	0	0	0	0	0	0
Addback: Legal Settlements	0	0	0	0	0	0	0	0
Addback: Other Unusual Items	0	(6)	78	201	101	101	201	101
Adjusted EBITDA	2,388	3,878	3,314	3,214	3,179	3,179	3,214	3,179
% Margin	16.8%	24.8%	19.0%	18.7%	18.8%	18.8%	18.7%	18.8%

Adjusted EBIT	1,211	2,635	2,091	2,003	1,952	1,952	2,003	1,952
% Margin	8.5%	16.8%	12.0%	11.6%	11.5%	11.5%	11.6%	11.5%

Adjusted Net Income Reconciliation
Net Income to Company	701	1,769	1,158	747	919	919	747	919
Addback: Unusual Items	337	222	428	509	372	372	509	372
Less: Tax Benefit of Unusual Items (26%)	(88)	(58)	(111)	(132)	(97)	(97)	(132)	(97)
Adjusted Net Income	950	1,933	1,475	1,124	1,194	1,194	1,124	1,194
% Margin	6.7%	12.3%	8.4%	6.5%	7.1%	7.1%	6.5%	7.1%

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Corteva, Inc.

BST:2X0

United States / Materials / Chemicals

5Y Historical Financials