Cash flow Archer-Daniels-Midland Company

Equities

ADM

US0394831020

Food Processing

Real-time Estimate Cboe BZX Other stock markets 16:29:09 17/09/2024 BST			5-day change	1st Jan Change
60.52 ^USD	+0.18%		+2.59%	-16.12%

09-13	ADM violates US water laws, permit after leak at carbon capture project	RE
09-09	UBS Adjusts Price Target on Archer-Daniels-Midland to $64 From $60, Maintains Neutral Rating	MT

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Published financial data: ARCHER-DANIELS-MIDLAND COMPANY

Annual

Quarterly

Halfyear

YTD

LTM

Fiscal Period: December	2019	2020	2021	2022	2023
Revenues	64.66B	64.36B	85.25B	102B	93.94B
Total Revenues	64.66B	64.36B	85.25B	102B	93.94B
Cost of Goods Sold, Total	60.51B	59.9B	79.26B	93.99B	86.42B
Gross Profit	4.15B	4.45B	5.99B	7.57B	7.51B
Selling General & Admin Expenses, Total	2.54B	2.59B	3.01B	3.22B	3.45B
Provision for Bad Debts	-	47M	32M	88M	6M
Amortization of Goodwill and Intangible Assets - (IS)	-	-	-	-	-
Other Operating Expenses	18M	9M	11M	21M	56M
Other Operating Expenses, Total	2.56B	2.65B	3.05B	3.33B	3.51B
Operating Income	1.59B	1.81B	2.94B	4.24B	4B
Interest Expense, Total	-402M	-339M	-265M	-396M	-647M
Interest And Investment Income	192M	88M	96M	256M	423M
Net Interest Expenses	-210M	-251M	-169M	-140M	-224M
Income (Loss) On Equity Invest.	454M	579M	595M	832M	551M
Currency Exchange Gains (Loss)	-21M	-153M	189M	194M	43M
Other Non Operating Income (Expenses)	119M	230M	-189M	8M	209M
EBT, Excl. Unusual Items	1.93B	2.21B	3.36B	5.13B	4.58B
Restructuring Charges	-161M	-26M	-39M	-29M	-33M
Merger & Related Restructuring Charges	-	-	-	-	-
Impairment of Goodwill	-11M	-	-6M	-	-137M
Gain (Loss) On Sale Of Investments	-88M	-	-	115M	19M
Gain (Loss) On Sale Of Assets	50M	161M	149M	-	38M
Asset Writedown	-131M	-54M	-119M	-37M	-172M
Other Unusual Items	-	-409M	-36M	52M	-
EBT, Incl. Unusual Items	1.59B	1.88B	3.31B	5.23B	4.29B
Income Tax Expense	209M	101M	578M	868M	828M
Earnings From Continuing Operations	1.38B	1.78B	2.74B	4.36B	3.47B
Net Income to Company	1.38B	1.78B	2.74B	4.36B	3.47B
Minority Interest	-	-10M	-26M	-25M	17M
Net Income - (IS)	1.38B	1.77B	2.71B	4.34B	3.48B
Net Income to Common Incl Extra Items	1.38B	1.77B	2.71B	4.34B	3.48B
Net Income to Common Excl. Extra Items	1.38B	1.77B	2.71B	4.34B	3.48B
Per Share Items
Net EPS - Basic	2.45	3.16	4.8	7.72	6.44
Basic EPS - Continuing Operations	2.45	3.16	4.8	7.72	6.44
Basic Weighted Average Shares Outstanding	563M	561M	564M	562M	541M
Net EPS - Diluted	2.44	3.15	4.79	7.71	6.43
Diluted EPS - Continuing Operations	2.44	3.15	4.79	7.71	6.43
Diluted Weighted Average Shares Outstanding	565M	563M	566M	563M	542M
Normalized Basic EPS	2.14	2.45	3.68	5.66	5.32
Normalized Diluted EPS	2.13	2.44	3.67	5.65	5.31
Dividend Per Share	1.4	1.44	1.48	1.6	1.8
Payout Ratio	57.22	45.65	30.79	20.71	28.05
American Depositary Receipts Ratio (ADR)	1	1	1	1	1
Supplemental Items
EBITDA	2.58B	2.78B	3.93B	5.2B	4.99B
EBITA	1.75B	1.98B	3.12B	4.4B	4.16B
EBIT	1.59B	1.81B	2.94B	4.24B	4B
EBITDAR	2.95B	3.2B	4.39B	5.68B	5.5B
Effective Tax Rate - (Ratio)	13.16	5.36	17.45	16.59	19.28
Current Domestic Taxes	48M	-160M	483M	476M	338M
Current Foreign Taxes	181M	186M	224M	481M	513M
Total Current Taxes	229M	26M	707M	957M	851M
Deferred Domestic Taxes	48M	31M	-71M	30M	-62M
Deferred Foreign Taxes	-68M	44M	-58M	-119M	39M
Total Deferred Taxes	-20M	75M	-129M	-89M	-23M
Normalized Net Income	1.21B	1.37B	2.08B	3.18B	2.88B
Interest Capitalized	15M	14M	17M	20M	32M
Non-Cash Pension Expense	70M	-37M	49M	-36M	-24M
Supplemental Operating Expense Items
Research And Development Expense From Footnotes	154M	160M	171M	216M	256M
Net Rental Expense, Total	374M	416M	453M	483M	516M
Imputed Operating Lease Interest Expense	136M	112M	94.41M	154M	282M
Imputed Operating Lease Depreciation	238M	304M	359M	329M	234M
Stock-Based Comp., SG&A Exp. (Total)	89M	151M	161M	147M	112M
Stock-Based Comp., Other (Total)	-	-	-	-	-
Total Stock-Based Compensation	89M	151M	161M	147M	112M

Fiscal Period: December	2019	2020	2021	2022	2023
Assets
Cash And Equivalents	852M	666M	943M	1.04B	1.37B
Short Term Investments	-	-	-	-	-
Trading Asset Securities, Total	3M	61M	46M	109M	-
Total Cash And Short Term Investments	855M	727M	989M	1.15B	1.37B
Accounts Receivable, Total	3.73B	3.65B	4.49B	6.24B	5.28B
Other Receivables	1.53B	1.03B	1.09B	1.1B	975M
Notes Receivable	395M	297M	189M	235M	237M
Total Receivables	5.65B	4.98B	5.77B	7.57B	6.5B
Inventory	9.17B	11.71B	14.48B	14.77B	11.96B
Prepaid Expenses	318M	290M	370M	443M	445M
Restricted Cash	4.46B	5.89B	8.02B	9.01B	7.23B
Other Current Assets, Total	894M	3.68B	2.28B	2.47B	2.27B
Total Current Assets	21.35B	27.29B	31.91B	35.41B	29.77B
Gross Property Plant And Equipment	26.97B	27.44B	27.25B	27.86B	29.24B
Accumulated Depreciation	-15.89B	-16.39B	-16.42B	-16.84B	-17.52B
Net Property Plant And Equipment	11.08B	11.05B	10.83B	11.02B	11.72B
Long-term Investments	5.13B	4.91B	5.58B	5.96B	5.94B
Goodwill	3.38B	3.45B	4.18B	4.16B	4.1B
Other Intangibles, Total	2.09B	1.96B	2.56B	2.38B	2.24B
Deferred Tax Assets Long-Term	-	-	-	337M	295M
Other Long-Term Assets, Total	965M	1.05B	1.07B	507M	571M
Total Assets	44B	49.72B	56.14B	59.77B	54.63B
Liabilities
Accounts Payable, Total	3.75B	4.47B	6.39B	7.8B	6.31B
Accrued Expenses, Total	2.12B	1.69B	2.13B	2.31B	2.06B
Short-term Borrowings	1.2B	2.04B	958M	503M	105M
Current Portion of Long-Term Debt	50M	17M	570M	942M	1M
Current Portion of Leases	215M	261M	277M	292M	300M
Current Income Taxes Payable	72M	41M	132M	248M	284M
Unearned Revenue Current, Total	604M	626M	581M	694M	626M
Other Current Liabilities	5.72B	9.03B	10.92B	11.4B	8.97B
Total Current Liabilities	13.73B	18.18B	21.95B	24.19B	18.66B
Long-Term Debt	7.67B	7.88B	8.01B	7.74B	8.26B
Long-Term Leases	781M	863M	765M	816M	931M
Deferred Tax Liability Non Current	1.19B	1.3B	1.41B	1.4B	1.31B
Other Non Current Liabilities	1.33B	1.39B	1.23B	1.01B	1B
Total Liabilities	24.71B	29.62B	33.37B	35.16B	30.17B
Common Stock, Total	2.66B	2.82B	2.99B	3.15B	3.15B
Retained Earnings	18.96B	19.78B	21.66B	23.65B	23.46B
Comprehensive Income and Other	-2.4B	-2.6B	-2.17B	-2.51B	-2.49B
Total Common Equity	19.21B	20B	22.48B	24.28B	24.13B
Minority Interest	75M	96M	290M	332M	333M
Total Equity	19.28B	20.1B	22.77B	24.62B	24.46B
Total Liabilities And Equity	44B	49.72B	56.14B	59.77B	54.63B
Supplemental Items
ECS Total Shares Outstanding on Filing Date	558M	558M	562M	548M	510M
ECS Total Common Shares Outstanding	557M	556M	560M	547M	513M
Book Value / Share	34.48	35.97	40.14	44.39	47.04
Tangible Book Value	13.73B	14.59B	15.73B	17.74B	17.79B
Tangible Book Value Per Share	24.65	26.24	28.09	32.43	34.68
Total Debt	9.92B	11.07B	10.58B	10.29B	9.6B
Net Debt	9.06B	10.34B	9.59B	9.14B	8.23B
Debt Equivalent of Unfunded Proj. Benefit Obligation	632M	677M	436M	318M	350M
Debt Equivalent Oper. Leases	2.99B	3.33B	3.62B	3.86B	4.13B
Minority Interest, Total (Incl. Fin. Div)	75M	96M	290M	332M	333M
Equity Method Investments, Total	5.13B	4.91B	5.28B	5.47B	5.5B
Account Code - Inventory Valuation	3	5	5	5	5
LIFO Reserve, Total	-91M	-	-	-	-
Inventories - Raw Materials, Total	-	-	-	6.98B	5.48B
Inventories - Finished Goods, Total	-	-	-	7.8B	6.48B
Inventories - Others	9.26B	11.71B	14.48B	-	-
Land - (BS)	592M	545M	554M	502M	573M
Buildings, Total	5.38B	5.52B	5.6B	5.64B	5.88B
Machinery, Total	19B	19.15B	19.11B	19.19B	20.22B
Full Time Employees	38.1K	37.58K	39.22K	40.36K	40.21K
Part Time Employees	-	1.51K	1.52K	1.64K	1.59K
Accumulated Allowance for Doubtful Accounts (Supple)	110M	100M	122M	199M	215M

Fiscal Period: December	2019	2020	2021	2022	2023
Net Income	1.38B	1.77B	2.71B	4.34B	3.48B
Depreciation & Amortization - CF	828M	803M	819M	793M	825M
Amortization of Goodwill and Intangible Assets - (CF)	165M	173M	177M	166M	162M
Depreciation & Amortization, Total	993M	976M	996M	959M	987M
Amortization of Deferred Charges, Total - (CF)	-	-	-	69M	72M
(Gain) Loss From Sale Of Asset	39M	-161M	-149M	-115M	38M
(Gain) Loss on Sale of Investments - (CF)	-	-	-	-	-
Asset Writedown & Restructuring Costs	142M	54M	125M	37M	309M
Provision for Credit Losses	-	-	-	-	-
(Income) Loss On Equity Investments - (CF)	-213M	-298M	-177M	-457M	-143M
Stock-Based Compensation (CF)	89M	151M	161M	147M	112M
Other Operating Activities, Total	-143M	635M	276M	30M	-131M
Change In Accounts Receivable	287M	-149M	-578M	-1.68B	737M
Change In Inventories	-21M	-2.43B	-2.84B	-295M	2.89B
Change In Accounts Payable	-64M	694M	1.92B	1.39B	-1.54B
Change in Other Net Operating Assets	-7.94B	-3.63B	4.15B	-944M	-2.35B
Cash from Operations	-5.45B	-2.39B	6.6B	3.48B	4.46B
Capital Expenditure	-828M	-823M	-1.17B	-1.32B	-1.49B
Sale of Property, Plant, and Equipment	-	728M	245M	131M	60M
Cash Acquisitions	-1.95B	-15M	-1.56B	-22M	-23M
Divestitures	293M	-	-	-	-
Investment in Marketable and Equity Securities, Total	64M	-1M	-33M	-232M	-18M
Net (Increase) Decrease in Loans Originated / Sold - Investing	7.68B	4.6B	-	-	-
Other Investing Activities, Total	-5M	-27M	-148M	42M	-21M
Cash from Investing	5.26B	4.46B	-2.67B	-1.4B	-1.5B
Long-Term Debt Issued, Total	927M	2.63B	1.33B	752M	501M
Total Debt Issued	927M	2.63B	1.33B	752M	501M
Short Term Debt Repaid, Total	-	-	-1.08B	-428M	-390M
Long-Term Debt Repaid, Total	-626M	-2.14B	-534M	-482M	-963M
Total Debt Repaid	-626M	-2.14B	-1.62B	-910M	-1.35B
Repurchase of Common Stock	-150M	-133M	-	-1.45B	-2.67B
Common Dividends Paid	-789M	-809M	-834M	-899M	-977M
Common & Preferred Stock Dividends Paid	-789M	-809M	-834M	-899M	-977M
Other Financing Activities, Total	-22M	27M	6M	8M	-102M
Cash from Financing	-660M	-423M	-1.12B	-2.5B	-4.6B
Foreign Exchange Rate Adjustments	-	-	-	-	-3M
Net Change in Cash	-853M	1.66B	2.81B	-421M	-1.64B
Supplemental Items
Cash Interest Paid	373M	345M	276M	409M	711M
Cash Income Tax Paid (Refund)	268M	195M	553M	708M	742M
Levered Free Cash Flow	295M	-1.25B	1.58B	1.22B	3.44B
Unlevered Free Cash Flow	546M	-1.04B	1.74B	1.47B	3.84B
Change In Net Working Capital	700M	2.47B	80M	1.03B	-1.67B
Net Debt Issued / Repaid	301M	492M	-290M	-158M	-852M

Fiscal Period: December	2019	2020	2021	2022	2023
Profitability
Return on Assets	2.34	2.41	3.47	4.57	4.37
Return on Total Capital	3.5	3.74	5.69	7.76	7.25
Return On Equity %	7.2	9.05	12.76	18.42	14.12
Return on Common Equity	7.22	9.04	12.76	18.56	14.39
Margin Analysis
Gross Profit Margin %	6.41	6.92	7.02	7.45	8
SG&A Margin	3.93	4.03	3.53	3.17	3.67
EBITDA Margin %	3.99	4.32	4.61	5.12	5.31
EBITA Margin %