CTVA - Corteva, Inc.
NYSE
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Basic Materials
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Agricultural Inputs
Wilmington,
United States
Type: Equity
CTVA price evolution
CTVA
| (in millions $) | 31 Dec 2023 | 30 Sep 2023 | 30 Jun 2023 | 31 Mar 2023 |
|---|---|---|---|---|
| Current assets | ||||
| Cash | $2644 | $2254 | $2563 | $1646 |
| Short term investments | $98 | $108 | $53 | $85 |
| Net receivables | $5488 | $6581 | $7955 | $8678 |
| Inventory | $6899 | $6320 | $5628 | $6585 |
| Total current assets | $16260 | $16333 | $17207 | $18329 |
| Long term investments | $115 | $106 | $83 | $87 |
| Property, plant & equipment | $4287 | $4320 | $4306 | $4271 |
| Goodwill & intangible assets | $20231 | $20236 | $20524 | $20645 |
| Total noncurrent assets | $26736 | $26777 | $26982 | $27171 |
| Total investments | $213 | $214 | $136 | $172 |
| Total assets | $42996 | $43110 | $44189 | $45500 |
| Current liabilities | ||||
| Accounts payable | $4280 | $3678 | $3379 | $3957 |
| Deferred revenue | $3406 | $552 | $656 | $2712 |
| Short long term debt | $198 | $3609 | $3023 | $3787 |
| Total current liabilities | $10409 | $10348 | $10346 | $13231 |
| Long term debt | $2291 | $2290 | $2290 | $1241 |
| Total noncurrent liabilities | $7308 | $7295 | $7382 | $6430 |
| Total debt | $2489 | $5899 | $5313 | $5028 |
| Total liabilities | $17717 | $17643 | $17728 | $19661 |
| Shareholders' equity | ||||
| Retained earnings | -$41 | $325 | $1013 | $487 |
| Other shareholder equity | -$2677 | -$3001 | -$2677 | -$2739 |
| Total shareholder equity | $25037 | $25226 | $26220 | $25599 |
| (in millions $) | 31 Dec 2023 | 31 Jan 2023 | 31 Dec 2021 | 31 Dec 2020 |
|---|---|---|---|---|
| Current assets | ||||
| Cash | $2644 | $3191 | $4459 | $3526 |
| Short term investments | $98 | $124 | $86 | $269 |
| Net receivables | $5488 | $5701 | $4811 | $4926 |
| Inventory | $6899 | $6811 | $5180 | $4882 |
| Total current assets | $16260 | $16795 | $15546 | $14768 |
| Long term investments | $115 | $102 | $76 | $66 |
| Property, plant & equipment | $4287 | $4254 | $4329 | $4396 |
| Goodwill & intangible assets | $20231 | $19301 | $20151 | $21016 |
| Total noncurrent assets | $26736 | $25823 | $26798 | $27881 |
| Total investments | $213 | $226 | $162 | $335 |
| Total assets | $42996 | $42618 | $42344 | $42649 |
| Current liabilities | ||||
| Accounts payable | $4280 | $4895 | $4126 | $3615 |
| Deferred revenue | $3406 | $3388 | $3201 | |
| Short long term debt | $198 | $24 | $17 | $3 |
| Total current liabilities | $10409 | $10744 | $9558 | $8548 |
| Long term debt | $2291 | $1283 | $1100 | $1102 |
| Total noncurrent liabilities | $7308 | $6333 | $7163 | $9038 |
| Total debt | $2489 | $1307 | $1117 | $1105 |
| Total liabilities | $17717 | $17316 | $16721 | $17586 |
| Shareholders' equity | ||||
| Retained earnings | -$41 | $250 | $524 | |
| Other shareholder equity | -$2677 | -$2806 | -$2898 | -$2890 |
| Total shareholder equity | $25037 | $25302 | $25384 | $24824 |
| (in millions $) | 31 Dec 2023 | 30 Sep 2023 | 30 Jun 2023 | 31 Mar 2023 |
|---|---|---|---|---|
| Revenue | ||||
| Total revenue | $3707 | $2590 | $6045 | $4884 |
| Cost of revenue | $2366 | $1646 | $3137 | $2771 |
| Gross Profit | $1341 | $944 | $2908 | $2113 |
| Operating activities | ||||
| Research & development | $357 | $335 | $329 | $316 |
| Selling, general & administrative | $735 | $670 | $1045 | $726 |
| Total operating expenses | $1508 | $1181 | $1608 | $1235 |
| Operating income | -$167 | -$237 | $1300 | $878 |
| Income from continuing operations | ||||
| EBIT | -$283 | -$392 | $1000 | $795 |
| Income tax expense | -$92 | -$129 | $204 | $169 |
| Interest expense | $62 | $58 | $82 | $31 |
| Net income | ||||
| Net income | -$253 | -$321 | $714 | $595 |
| Income (for common shares) | -$253 | -$321 | $714 | $595 |
| (in millions $) | 31 Dec 2023 | 31 Dec 2022 | 31 Dec 2021 | 31 Dec 2020 |
|---|---|---|---|---|
| Revenue | ||||
| Total revenue | $17226 | $17455 | $15655 | $14217 |
| Cost of revenue | $9920 | $10436 | $9220 | $8507 |
| Gross Profit | $7306 | $7019 | $6435 | $5710 |
| Operating activities | ||||
| Research & development | $1337 | $1216 | $1187 | $1142 |
| Selling, general & administrative | $3176 | $3173 | $3209 | $3043 |
| Total operating expenses | $5532 | $5454 | $5407 | $5202 |
| Operating income | $1774 | $1565 | $1028 | $508 |
| Income from continuing operations | ||||
| EBIT | $1120 | $1436 | $2313 | $645 |
| Income tax expense | $152 | $210 | $524 | -$81 |
| Interest expense | $233 | $79 | $30 | $45 |
| Net income | ||||
| Net income | $735 | $1147 | $1759 | $681 |
| Income (for common shares) | $735 | $1147 | $1759 | $681 |
| (in millions $) | 31 Dec 2023 | 30 Sep 2023 | 30 Jun 2023 | 31 Mar 2023 |
|---|---|---|---|---|
| Net income | -$253 | -$321 | $714 | $595 |
| Operating activities | ||||
| Depreciation | $312 | $306 | $306 | $287 |
| Business acquisitions & disposals | $15 | $15 | $13 | -$1442 |
| Stock-based compensation | ||||
| Total cash flows from operations | $4373 | -$105 | $812 | -$3311 |
| Investing activities | ||||
| Capital expenditures | -$183 | -$162 | -$99 | -$151 |
| Investments | -$46 | -$82 | $55 | $82 |
| Total cash flows from investing | -$214 | -$229 | -$33 | -$1511 |
| Financing activities | ||||
| Dividends paid | -$112 | -$114 | -$106 | -$107 |
| Sale and purchase of stock | -$168 | -$251 | -$61 | -$245 |
| Net borrowings | -$3418 | $592 | $286 | $3654 |
| Total cash flows from financing | -$3702 | $224 | $105 | $3274 |
| Effect of exchange rate | -$75 | -$77 | $11 | -$2 |
| Change in cash and equivalents | $382 | -$187 | $895 | -$1550 |
| (in millions $) | 31 Dec 2023 | 31 Dec 2022 | 31 Dec 2021 | 31 Dec 2020 |
|---|---|---|---|---|
| Net income | $735 | $1147 | $1759 | $681 |
| Operating activities | ||||
| Depreciation | $1211 | $1223 | $1243 | $1177 |
| Business acquisitions & disposals | -$1399 | $37 | $75 | $83 |
| Stock-based compensation | ||||
| Total cash flows from operations | $1769 | $872 | $2727 | $2064 |
| Investing activities | ||||
| Capital expenditures | -$595 | -$605 | -$573 | -$475 |
| Investments | $9 | -$61 | $137 | -$275 |
| Total cash flows from investing | -$1987 | -$632 | -$362 | -$674 |
| Financing activities | ||||
| Dividends paid | -$439 | -$418 | -$397 | -$388 |
| Sale and purchase of stock | -$725 | -$912 | -$850 | -$219 |
| Net borrowings | $1114 | $205 | $11 | $998 |
| Total cash flows from financing | -$99 | -$1180 | -$1266 | $303 |
| Effect of exchange rate | -$143 | -$278 | -$136 | $7 |
| Change in cash and equivalents | -$460 | -$1218 | $963 | $1700 |
News
Fundamentals
| Market cap | $38.70B |
|---|---|
| Enterprise value | $38.54B |
| Shares outstanding | 701.26M |
| Revenue | $17.23B |
|---|---|
| EBITDA | $2.33B |
| EBIT | $1.12B |
| Net Income | $735.00M |
| Revenue Q/Q | -3.08% |
| Revenue Y/Y | -1.31% |
| P/E ratio | 52.65 |
|---|---|
| EV/Sales | 2.24 |
| EV/EBITDA | 16.53 |
| EV/EBIT | 34.41 |
| P/S ratio | 2.25 |
| P/B ratio | 1.40 |
| Book/Share | 39.52 |
| Cash/Share | 3.77 |
| EPS | $1.05 |
|---|---|
| ROA | 1.67% |
| ROE | 2.88% |
| Debt/Equity | 0.71 |
|---|---|
| Net debt/EBITDA | 6.47 |
| Current ratio | 1.56 |
| Quick ratio | 0.90 |