INGREDION INCORPORATED
Income Statement
| Line Item | FY2017 | FY2016 | FY2015 | FY2014 | FY2013 | FY2012 | FY2011 | FY2010 |
|---|---|---|---|---|---|---|---|---|
| Revenue | $6.24B | $5.70B | $5.62B | $5.67B | $6.33B | $6.53B | $6.22B | $4.37B |
| Cost of Revenue | $4.77B | $4.30B | $4.38B | $4.55B | $5.20B | $5.29B | $5.09B | $3.64B |
| Gross Profit | $1.47B | $1.40B | $1.24B | $1.12B | $1.13B | $1.24B | $1.13B | $724.0M |
| Gross Margin | 23.6% | 24.6% | 22.1% | 19.7% | 17.9% | 19.0% | 18.1% | 16.6% |
| Operating Expenses | ||||||||
| Research & Development | — | — | — | — | — | — | — | — |
| SG&A Expense | — | $579.0M | $555.0M | $525.0M | $534.0M | $556.0M | $543.0M | $370.0M |
| Operating Income | $836.0M | $806.0M | $660.0M | $581.0M | $613.0M | $668.0M | $671.0M | $339.0M |
| Operating Margin | 13.4% | 14.1% | 11.7% | 10.3% | 9.7% | 10.2% | 10.8% | 7.8% |
| Interest Expense | — | — | — | — | — | — | — | — |
| Pretax Income | $769.0M | $742.0M | $599.0M | $520.0M | $547.0M | $601.0M | $593.0M | $275.0M |
| Income Tax Expense | $237.0M | $246.0M | $187.0M | $157.0M | $144.0M | $167.0M | $170.0M | $99.0M |
| Net Income | $519.0M | $485.0M | $402.0M | $355.0M | $396.0M | $428.0M | $423.0M | $169.0M |
| Net Margin | 8.3% | 8.5% | 7.2% | 6.3% | 6.3% | 6.6% | 6.8% | 3.9% |
| EPS (Basic) | $7.21 | $6.70 | $5.62 | $4.82 | $5.14 | $5.59 | $5.44 | $2.24 |
| EPS (Diluted) | $7.06 | $6.55 | $5.51 | $4.74 | $5.05 | $5.47 | $5.32 | $2.20 |
| Shares Outstanding (Basic) | 72.0M | 72.3M | 71.6M | 73.6M | 77.0M | 76.5M | 76.4M | 75.6M |
| Shares Outstanding (Diluted) | 73.5M | 74.1M | 73.0M | 74.9M | 78.3M | 78.2M | 78.2M | 76.8M |
| Dividends Per Share | — | — | — | — | — | — | — | — |