Ingredion Inc
For the period ended Dec 31, 2024. Filed Feb 20, 2025.
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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.
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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Item 8. Consolidated Statements of Cash Flows
Consolidated Statements of Cash Flows
| Year Ended December 31, | |||
|---|---|---|---|
| 2024 | 2023 | 2022 | |
| Cash from operating activities | |||
| Net income | $654 | $651 | $502 |
| Non-cash charges to net income: | |||
| Depreciation and amortization | 214 | 219 | 215 |
| Mechanical stores expense | 62 | 62 | 55 |
| Net gain on sale of business | (90) | — | — |
| Deferred income taxes | (15) | (6) | (3) |
| Impairment charges | 109 | 10 | — |
| Other non-cash charges | 32 | 59 | 57 |
| Changes in working capital: | |||
| Accounts receivable and prepaid expenses | 148 | 77 | (310) |
| Inventories | 228 | 69 | (468) |
| Accounts payable and accrued liabilities | 20 | (79) | 158 |
| Margin accounts | 21 | 10 | (44) |
| Other | 53 | (15) | (10) |
| Cash provided by operating activities | 1,436 | 1,057 | 152 |
| Cash from investing activities | |||
| Capital expenditures and mechanical stores purchases | (301) | (316) | (300) |
| Proceeds from disposal of manufacturing facilities and properties | 6 | 2 | 7 |
| Proceeds from sale of business | 255 | — | — |
| Payments for acquisitions, net of cash acquired | — | — | (29) |
| Other | (7) | (15) | 2 |
| Cash used for investing activities | (47) | (329) | (320) |
| Cash from financing activities | |||
| Proceeds from borrowings | 773 | 720 | 825 |
| Payments on debt | (791) | (949) | (532) |
| Commercial paper borrowings, net | (327) | (63) | 140 |
| Repurchases of common stock, net | (216) | (101) | (112) |
| Issuances of common stock for share-based compensation, net | 46 | 20 | 9 |
| Purchases of non-controlling interests | (40) | (2) | (46) |
| Dividends paid, including to non-controlling interests | (210) | (194) | (181) |
| Cash used for financing activities | (765) | (569) | 103 |
| Effects of foreign exchange rate changes on cash and cash equivalents | (28) | 6 | (27) |
| Increase (decrease) in cash and cash equivalents | 596 | 165 | (92) |
| Cash and cash equivalents, beginning of period | 401 | 236 | 328 |
| Cash and cash equivalents, end of period | $997 | $401 | $236 |
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