Ingredion Inc
For the period ended Dec 31, 2024. Filed Feb 20, 2025.
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FY2024 · Filed Feb 20, 2025
INGR$91.95-0.9%Stored close · as of Nov 10, 2026
Extracted filing text, with the paragraph anchors used by the comparison.
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Consolidated Statements of Income
(dollars and shares in millions, except per share amounts)
| Year Ended December 31, | |||
|---|---|---|---|
| 2024 | 2023 | 2022 | |
| Net sales | $7,430 | $8,160 | $7,946 |
| Cost of sales | 5,639 | 6,411 | 6,452 |
| Gross profit | 1,791 | 1,749 | 1,494 |
| Operating expenses | 782 | 789 | 715 |
| Other operating (income) expense, net | (1) | (8) | 13 |
| Restructuring/impairment charges | 127 | 11 | 4 |
| Operating income | 883 | 957 | 762 |
| Financing costs | 39 | 114 | 99 |
| Net gain on sale of business | (90) | — | — |
| Other non-operating expense (income) | 3 | 4 | (5) |
| Income before income taxes | 931 | 839 | 668 |
| Provision for income taxes | 277 | 188 | 166 |
| Net income | 654 | 651 | 502 |
| Less: Net income attributable to non-controlling interests | 7 | 8 | 10 |
| Net income attributable to Ingredion | $647 | $643 | $492 |
| Earnings per common share attributable to Ingredion common shareholders: | |||
| Weighted average common shares outstanding: | |||
| Basic | 65.5 | 66.0 | 66.2 |
| Diluted | 66.6 | 67.0 | 67.0 |
| Earnings per common share of Ingredion: | |||
| Basic | $9.88 | $9.74 | $7.43 |
| Diluted | $9.71 | $9.60 | $7.34 |
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