Corteva Inc
For the period ended Mar 31, 2024. Filed May 2, 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.
Mar 31, 2024 · Filed May 2, 2024
CTVA$12.11+1.8%Stored close · as of Nov 9, 2026
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Consolidated Statements of Operations
Consolidated Statements of Operations (Unaudited)
| (In millions, except per share amounts) | Three Months Ended March 31, | |
|---|---|---|
| 2024 | 2023 | |
| Net sales | $4,492 | $4,884 |
| Cost of goods sold | 2,550 | 2,771 |
| Research and development expense | 332 | 316 |
| Selling, general and administrative expenses | 736 | 726 |
| Amortization of intangibles | 177 | 160 |
| Restructuring and asset related charges - net | 75 | 33 |
| Other income (expense) - net | (99) | (71) |
| Interest expense | 41 | 31 |
| Income (loss) from continuing operations before income taxes | 482 | 776 |
| Provision for (benefit from) income taxes on continuing operations | 106 | 169 |
| Income (loss) from continuing operations after income taxes | 376 | 607 |
| Income (loss) from discontinued operations after income taxes | 47 | (8) |
| Net income (loss) | 423 | 599 |
| Net income (loss) attributable to noncontrolling interests | 4 | 4 |
| Net income (loss) attributable to Corteva | $419 | $595 |
| Basic earnings (loss) per share of common stock: | ||
| Basic earnings (loss) per share of common stock from continuing operations | $0.53 | $0.85 |
| Basic earnings (loss) per share of common stock from discontinued operations | 0.07 | (0.01) |
| Basic earnings (loss) per share of common stock | $0.60 | $0.84 |
| Diluted earnings (loss) per share of common stock: | ||
| Diluted earnings (loss) per share of common stock from continuing operations | $0.53 | $0.84 |
| Diluted earnings (loss) per share of common stock from discontinued operations | 0.07 | (0.01) |
| Diluted earnings (loss) per share of common stock | $0.60 | $0.83 |
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