Archer-Daniels-Midland Co.
Income Statement
| Line Item | FY2018 | FY2017 | FY2016 | FY2015 | FY2014 | FY2013 | FY2012 | FY2011 |
|---|---|---|---|---|---|---|---|---|
| Revenue | $64.34B | $60.83B | $62.35B | $67.70B | $81.20B | $89.80B | $90.56B | $80.68B |
| Agricultural Services | — | $26.25B | $27.89B | — | — | — | — | — |
| Corn Processing | — | $9.35B | $9.47B | — | — | — | — | — |
| Oilseeds Processing | — | $22.53B | $22.15B | — | — | — | — | — |
| Wild Flavors and Specialty Ingredients | — | $2.31B | $2.43B | — | — | — | — | — |
| Ag Services and Oilseeds | $49.89B | — | — | — | — | — | — | — |
| Carbohydrate Solutions | $10.28B | — | — | — | — | — | — | — |
| Nutrition | $3.79B | — | — | — | — | — | — | — |
| Other | $381.0M | $387.0M | $408.0M | — | — | — | — | — |
| Cost of Revenue | $60.16B | $57.31B | $58.73B | $63.74B | $76.43B | $85.92B | $86.94B | $76.38B |
| Gross Profit | $4.18B | $3.52B | $3.62B | $3.97B | $4.77B | $3.89B | $3.62B | $4.30B |
| Gross Margin | 6.5% | 5.8% | 5.8% | 5.9% | 5.9% | 4.3% | 4.0% | 5.3% |
| Operating Expenses | ||||||||
| Research & Development | $141.0M | $129.0M | $123.0M | $122.0M | $79.0M | $59.0M | $55.0M | $60.0M |
| SG&A Expense | $2.17B | $1.98B | $1.98B | $1.99B | $1.93B | $1.76B | $1.67B | $1.61B |
| Operating Income | $2.42B | $1.94B | $2.12B | $2.59B | $3.47B | $2.44B | $2.43B | $3.50B |
| Operating Margin | 3.8% | 3.2% | 3.4% | 3.8% | 4.3% | 2.7% | 2.7% | 4.3% |
| Interest Expense | $364.0M | $330.0M | $293.0M | $308.0M | $337.0M | $413.0M | $445.0M | $482.0M |
| Pretax Income | $2.06B | $1.61B | $1.82B | $2.28B | $3.13B | $2.02B | $1.98B | $3.02B |
| Income Tax Expense | $245.0M | $7.0M | $534.0M | $438.0M | $877.0M | $670.0M | $589.0M | $997.0M |
| Net Income | $1.81B | $1.60B | $1.28B | $1.85B | $2.25B | $1.34B | $1.38B | $2.04B |
| Net Margin | 2.8% | 2.6% | 2.1% | 2.7% | 2.8% | 1.5% | 1.5% | 2.5% |
| EPS (Basic) | $3.21 | $2.80 | $2.18 | $2.99 | $3.44 | $2.03 | $2.08 | $3.17 |
| EPS (Diluted) | $3.19 | $2.79 | $2.16 | $2.98 | $3.43 | $2.02 | $2.08 | $3.13 |
| Shares Outstanding (Basic) | 564.0M | 569.0M | 588.0M | 618.0M | 653.0M | 661.0M | 660.0M | 642.0M |
| Shares Outstanding (Diluted) | 567.0M | 572.0M | 591.0M | 621.0M | 656.0M | 663.0M | 662.0M | 654.0M |
| Dividends Per Share | $1.34 | $1.28 | $1.20 | $1.12 | $0.96 | $0.76 | $0.69 | $0.62 |