Archer-Daniels-Midland Co
For the period ended Sep 30, 2024. Filed Nov 18, 2024.
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A company's report for each of its first three quarters. The financial statements are not audited. It shows how the business has moved since the last annual report, and what management says changed.
Sep 30, 2024 · Filed Nov 18, 2024
ADM$69.97-0.7%Stored close · as of Nov 6, 2026
Extracted filing text, with the paragraph anchors used by the comparison.
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Statements of Earnings
CONSOLIDATED STATEMENTS OF EARNINGS
| Three Months EndedSeptember 30, | Nine Months EndedSeptember 30, | |||
|---|---|---|---|---|
| 2024 | 2023 | 2024 | 2023 | |
| (In millions, except per share amounts) | ||||
| Revenues | $19,937 | $21,695 | $64,032 | $70,957 |
| Cost of products sold | 18,572 | 19,885 | 59,612 | 65,184 |
| Gross Profit | 1,365 | 1,810 | 4,420 | 5,773 |
| Selling, general, and administrative expenses | 905 | 815 | 2,763 | 2,537 |
| Asset impairment, exit, and restructuring costs | 507 | 79 | 532 | 146 |
| Equity in earnings of unconsolidated affiliates | (134) | (83) | (498) | (408) |
| Interest and investment income | (137) | (152) | (400) | (428) |
| Interest expense | 174 | 155 | 527 | 482 |
| Other (income) expense – net | (58) | (35) | (92) | (116) |
| Earnings Before Income Taxes | 108 | 1,031 | 1,588 | 3,560 |
| Income tax expense | 90 | 207 | 370 | 636 |
| Net Earnings Including Non-controlling Interests | 18 | 824 | 1,218 | 2,924 |
| Less: Net earnings (losses) attributable to non-controlling interests | — | 3 | (15) | 6 |
| Net Earnings Attributable to Archer-Daniels-Midland Company | $18 | $821 | $1,233 | $2,918 |
| Average number of shares outstanding – basic | 482 | 540 | 496 | 545 |
| Average number of shares outstanding – diluted | 483 | 540 | 497 | 546 |
| Basic earnings per common share | $0.04 | $1.52 | $2.49 | $5.36 |
| Diluted earnings per common share | $0.04 | $1.52 | $2.48 | $5.35 |
| Dividends per common share | $0.50 | $0.45 | $1.50 | $1.35 |
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