Ingredion Inc
For the period ended Dec 31, 2023. Filed Feb 21, 2024.
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A company's yearly report to the SEC, with audited financial statements. It is the fullest account a company gives of its business, its finances and the risks it sees.
FY2023 · Filed Feb 21, 2024
INGR$91.95-0.9%Stored close · as of Nov 10, 2026
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Item 8. Consolidated Statements of Cash Flows
Consolidated Statements of Cash Flows
| Year Ended December 31, | |||
|---|---|---|---|
| 2023 | 2022 | 2021 | |
| Cash from operating activities | |||
| Net income | $651 | $502 | $125 |
| Non-cash charges to net income: | |||
| Depreciation and amortization | 219 | 215 | 220 |
| Mechanical stores expense | 62 | 55 | 55 |
| Impairment on disposition of assets | — | — | 340 |
| Deferred income taxes | (6) | (3) | (61) |
| Other non-cash charges | 69 | 57 | 8 |
| Changes in working capital: | |||
| Accounts receivable and prepaid expenses | 77 | (310) | (162) |
| Inventories | 69 | (468) | (312) |
| Accounts payable and accrued liabilities | (79) | 158 | 226 |
| Margin accounts | 10 | (44) | (32) |
| Other | (15) | (10) | (15) |
| Cash provided by operating activities | 1,057 | 152 | 392 |
| Cash from investing activities | |||
| Capital expenditures and mechanical stores purchases | (316) | (300) | (300) |
| Proceeds from disposal of manufacturing facilities and properties | 2 | 7 | 18 |
| Payments for acquisitions, net of cash acquired | — | (29) | (40) |
| Other | (15) | 2 | (13) |
| Cash used for investing activities | (329) | (320) | (335) |
| Cash from financing activities | |||
| Proceeds from borrowings | 720 | 825 | 1,300 |
| Payments on debt | (949) | (532) | (1,690) |
| Commercial paper (repayments) borrowings, net | (63) | 140 | 250 |
| Repurchases of common stock, net | (101) | (112) | (68) |
| Issuances of common stock for share-based compensation, net | 20 | 9 | 19 |
| Purchases of non-controlling interests | (2) | (46) | — |
| Dividends paid, including to non-controlling interests | (194) | (181) | (184) |
| Cash (used for) provided by financing activities | (569) | 103 | (373) |
| Effects of foreign exchange rate changes on cash | 6 | (27) | (21) |
| Increase (decrease) in cash and cash equivalents | 165 | (92) | (337) |
| Cash and cash equivalents, beginning of period | 236 | 328 | 665 |
| Cash and cash equivalents, end of period | $401 | $236 | $328 |
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