Archer-Daniels-Midland Co

10-K & 10-Q Filings

Archer-Daniels-Midland Company (ADM) is a global agricultural supply chain manager and processor, premier human and animal nutrition provider, and trailblazer in sustainable solutions. The company's business strategy includes unlocking the power of nature to enrich the quality of life and meeting increasing demand for sustainable solutions in food, feed, fuel, and industrial and consumer products. ADM's operations are organized into three reportable business segments: Ag Services and Oilseeds, Carbohydrate Solutions, and Nutrition. The company's website is adm.com, and its ticker symbol is ADM. The Ag Services and Oilseeds segment includes activities related to the origination, merchandising, transportation, and storage of agricultural raw materials and the crushing and further processing of oilseeds. The Carbohydrate Solutions segment is engaged in corn and wheat wet and dry milling and other activities, converting corn and wheat into products and ingredients used in the food and beverage industry. The Nutrition segment serves various end markets including food, beverages, nutritional supplements, and feed premix and additives for livestock, aquaculture, and pet food. ADM has a significant global presence and a comprehensive transportation capability to efficiently move products virtually anywhere in the world. The company's raw materials are sourced from thousands of growers, grain elevators, and wholesale merchants in North America, South America, Europe, Middle East, Asia, and Australia. ADM is committed to sustainability and has established policies and third-party certification programs to ensure responsible sourcing and environmental stewardship. The company's R&D efforts focus on creating science-based products, solutions, and technologies aligned with macro trends in food security, sustainable processes, health, and personalized nutrition. ADM's strategic plan includes a focus on traceability of sourcing, decarbonization efforts, and working with suppliers and customers to identify nature positive solutions. The company aims to mitigate climate change and protect biodiversity through renewable product and process innovations and a strategic approach to operational excellence. ADM's sustainability efforts are supported by functional expertise throughout the organization, including Operations and Utilities, Supply Chain and Procurement, Diversity, Equity and Inclusion, and Environmental Health and Safety.

12 mos ending Jun 30, 201212 mos ending Dec 31, 201312 mos ending Dec 31, 201412 mos ending Dec 31, 201512 mos ending Dec 31, 201612 mos ending Dec 31, 201712 mos ending Dec 31, 201812 mos ending Dec 31, 201912 mos ending Dec 31, 202012 mos ending Dec 31, 202112 mos ending Dec 31, 202212 mos ending Dec 31, 20233 mos ending Mar 31, 20233 mos ending Mar 31, 2024CAGR %YoY %Revenue (+)
$89038.00
89804.00
81201.00
67702.00
62346.00
60828.00
64341.00
64656.00
64355.00
85249.00
101556.00
93935.00
24072.00
21847.00
0.49%-9.24%Cost of Revenue (-)
$85370.00
85915.00
76433.00
63682.00
58662.00
57322.00
60160.00
60509.00
59902.00
79262.00
93986.00
86422.00
21992.00
20188.00
0.11%-8.20%Gross Profit (+)
$3668.00
3889.00
4768.00
4020.00
3684.00
3506.00
4181.00
4147.00
4453.00
5987.00
7570.00
7513.00
2080.00
1659.00
6.74%-20.24%Selling, General & Administrative (-)
$1626.00
1759.00
1907.00
2010.00
2045.00
1993.00
2165.00
2493.00
2687.00
2994.00
3358.00
3456.00
881.00
951.00
7.09%7.95%Non-recurring Operating Expenses (-)
$437.00
259.00
105.00
200.00
55.00
173.00
171.00
303.00
80.00
164.00
66.00
342.00
7.00
18.00
-2.20%157.14%Operating Expenses (-)
$2063.00
2018.00
2012.00
2210.00
2100.00
2166.00
2336.00
2796.00
2767.00
3158.00
3424.00
3798.00
888.00
969.00
5.71%9.12%Costs & Expenses (Total) (-)
$87433.00
87933.00
78445.00
65892.00
60762.00
59488.00
62496.00
63305.00
62669.00
82420.00
97410.00
90220.00
22880.00
21157.00
0.29%-7.53%Operating Income/Loss (+)
$1605.00
1871.00
2756.00
1810.00
1584.00
1340.00
1845.00
1351.00
1686.00
2829.00
4146.00
3715.00
1192.00
690.00
7.93%-42.11%Non-operating Income/Expense (+)
$601.00
566.00
711.00
390.00
531.00
599.00
579.00
639.00
536.00
749.00
1190.00
727.00
352.00
361.00
1.75%2.56%Interest Expense (-)
$441.00
413.00
337.00
308.00
293.00
330.00
364.00
402.00
339.00
265.00
396.00
647.00
147.00
166.00
3.55%12.93%Earnings before Tax (+)
$1765.00
2024.00
3130.00
2284.00
1822.00
1609.00
2060.00
1588.00
1883.00
3313.00
5233.00
4294.00
1397.00
885.00
8.42%-36.65%Tax Expense (-)
$523.00
670.00
877.00
438.00
534.00
7.00
245.00
209.00
101.00
578.00
868.00
828.00
225.00
166.00
4.27%-26.22%Income/Loss (Continuing Operations) (+)
$1242.00
1354.00
2253.00
1846.00
1288.00
1602.00
1815.00
1379.00
1782.00
2735.00
4365.00
3466.00
1172.00
719.00
9.78%-38.65%Profit/Loss (+)
$1242.00
1354.00
2253.00
1846.00
1288.00
1602.00
1815.00
1379.00
1782.00
2735.00
4365.00
3466.00
1172.00
719.00
9.78%-38.65%Net Income/Loss (NCI) (-)
$19.00
12.00
5.00
-3.00
9.00
7.00
5.00
10.00
26.00
25.00
-17.00
2.00
-10.00
-600.00%Net Income/Loss (+)
$1223.00
1342.00
2248.00
1849.00
1279.00
1595.00
1810.00
1379.00
1772.00
2709.00
4340.00
3483.00
1170.00
729.00
9.98%-37.69%Net Income/Loss (Common) (+)
$1223.00
1342.00
2248.00
1849.00
1279.00
1595.00
1810.00
1379.00
1772.00
2709.00
4340.00
3483.00
1170.00
729.00
9.98%-37.69%EPS (Basic)
$1.84
2.03
3.44
2.99
2.18
2.80
3.21
2.45
3.16
4.80
7.72
6.44
2.13
1.42
12.06%-33.33%EPS (Diluted)
$1.84
2.02
3.43
2.98
2.16
2.79
3.19
2.44
3.15
4.79
7.71
6.43
2.12
1.42
12.05%-33.02%Weighted Avg Shares (Basic)
665.00
661.00
653.00
618.00
588.00
569.00
564.00
563.00
561.00
564.00
562.00
541.00
550.00
513.00
-1.86%-6.73%Weighted Avg Shares (Diluted)
666.00
663.00
656.00
621.00
591.00
572.00
567.00
565.00
563.00
566.00
563.00
542.00
551.00
514.00
-1.86%-6.72%Cash
$4554.00
7082.00
5976.00
6124.00
619.00
804.00
1997.00
852.00
666.00
943.00
1037.00
1368.00
9635.00
8211.00
-10.36%-14.78%Short-term Investments
$176.00
433.00
515.00
438.00
296.00
6.00
Receivables
$3439.00
3224.00
2704.00
1738.00
1905.00
1947.00
2233.00
2267.00
2793.00
3311.00
4926.00
4232.00
4471.00
4178.00
1.90%-6.55%Inventory
$
11441.00
9374.00
8243.00
8831.00
9173.00
8813.00
9170.00
11713.00
14481.00
14771.00
11957.00
14771.00
11634.00
-21.24%Other Assets (Current)
$18785.00
6350.00
7459.00
5286.00
9394.00
8001.00
7539.00
9058.00
12114.00
13174.00
14676.00
12210.00
5448.00
4983.00
-3.84%-8.54%Assets (Current)
$26954.00
28530.00
26028.00
21829.00
21045.00
19925.00
20588.00
21347.00
27286.00
31909.00
35410.00
29767.00
34325.00
29006.00
0.91%-15.50%Securities & Long-term Investments
$3650.00
3848.00
8039.00
8475.00
8966.00
9900.00
10292.00
12544.00
12482.00
14424.00
14431.00
14356.00
14406.00
15229.00
13.26%5.71%Property, Plant & Equipment (Net)
$22690.00
23530.00
22972.00
23274.00
23497.00
24793.00
25102.00
25999.00
26339.00
26223.00
26775.00
28032.00
27111.00
28232.00
1.94%4.13%Accumulated Depreciation
$12878.00
13393.00
13012.00
13421.00
13739.00
14655.00
15149.00
15893.00
16388.00
16420.00
16842.00
17524.00
17040.00
17636.00
2.84%3.50%Goodwill & Intangibles
$603.00
Other Assets
$534.00
1237.00
3662.00
4135.00
4282.00
4720.00
4968.00
7412.00
6467.00
8116.00
7876.00
7645.00
7856.00
8378.00
27.37%6.64%Assets (Non-current)
$14599.00
15222.00
17999.00
18328.00
18724.00
20038.00
20245.00
22650.00
22433.00
24227.00
24364.00
24864.00
24477.00
25825.00
4.96%5.51%Assets (Total)
$41553.00
43752.00
44027.00
40157.00
39769.00
39963.00
40833.00
43997.00
49719.00
56136.00
59774.00
54631.00
58802.00
54831.00
2.52%-6.75%Accounts Payable
$2474.00
9345.00
10200.00
9294.00
8764.00
8867.00
8173.00
3746.00
4474.00
6388.00
7803.00
6313.00
6271.00
5599.00
8.89%-10.72%Debt (Current)
$3785.00
1523.00
132.00
98.00
427.00
870.00
690.00
1209.00
2044.00
1528.00
1445.00
106.00
2761.00
1735.00
-27.75%-37.16%Other Liabilities (Current)
$8367.00
4790.00
5270.00
4113.00
3982.00
2833.00
2913.00
8779.00
11664.00
14032.00
14943.00
12243.00
13698.00
12396.00
3.52%-9.51%Liabilities (Current)
$14626.00
15658.00
15602.00
13505.00
13173.00
12570.00
11776.00
13734.00
18182.00
21948.00
24191.00
18662.00
22730.00
19730.00
2.24%-13.20%Debt (Non-current)
$6535.00
5347.00
5558.00
5779.00
6504.00
6623.00
7698.00
7672.00
7885.00
8011.00
7735.00
8259.00
7745.00
8245.00
2.15%6.46%Other Liabilities
$2223.00
2553.00
3237.00
2958.00
2887.00
2395.00
2314.00
3308.00
3556.00
3410.00
3232.00
3245.00
3130.00
3317.00
3.50%5.97%Liabilities (Non-current)
$8758.00
7900.00
8795.00
8737.00
9391.00
9018.00
10012.00
10980.00
11441.00
11421.00
10967.00
11504.00
10875.00
11562.00
2.51%6.32%Liabilities (Total)
$23384.00
23558.00
24397.00
22242.00
22564.00
21588.00
21788.00
24714.00
29623.00
33369.00
35158.00
30166.00
33605.00
31292.00
2.34%-6.88%Retained Earnings
$12774.00
14077.00
15701.00
16865.00
17444.00
17552.00
18527.00
18958.00
19780.00
21655.00
23646.00
23465.00
24217.00
23069.00
5.68%-4.74%AOCI
$-907.00
-57.00
-1241.00
-2146.00
-2598.00
-1637.00
-2106.00
-2405.00
-2604.00
-2172.00
-2509.00
-2487.00
-2463.00
-2570.00
-4.34%Shareholder's Equity
$18169.00
20194.00
19630.00
17915.00
17181.00
18322.00
18996.00
19225.00
20022.00
22508.00
24317.00
24145.00
24896.00
23232.00
2.62%-6.68%Liabilities & Equity
$41553.00
43752.00
44027.00
40157.00
39769.00
39963.00
40833.00
43997.00
49719.00
56136.00
59774.00
54631.00
58802.00
54831.00
2.52%-6.75%Net Income/Loss
$1242.00
1354.00
2253.00
1846.00
1288.00
1602.00
1815.00
1379.00
1782.00
2735.00
4365.00
3466.00
1172.00
719.00
9.78%-38.65%Depreciation & Amortization
$848.00
909.00
894.00
882.00
900.00
924.00
941.00
993.00
976.00
996.00
1028.00
1059.00
259.00
280.00
2.04%8.11%Increase/Decrease in Working Capital
$-340.00
-2933.00
-2260.00
-249.00
585.00
-316.00
7456.00
7738.00
5515.00
-2654.00
1532.00
267.00
2920.00
182.00
-93.77%Share-based Compensation
$48.00
43.00
55.00
79.00
74.00
66.00
109.00
89.00
151.00
161.00
147.00
112.00
65.00
66.00
8.01%1.54%Adjustments to Reconcile Net Income
$1653.00
3872.00
2709.00
635.00
187.00
609.00
-6599.00
-6831.00
-4168.00
3860.00
-887.00
994.00
-2782.00
-19.00
-4.52%99.32%Net Cash (Operating)
$2895.00
5226.00
4962.00
2481.00
1475.00
2211.00
-4784.00
-5452.00
-2386.00
6595.00
3478.00
4460.00
-1610.00
700.00
4.01%143.48%Capital Expenditure
$1831.00
957.00
3664.00
1604.00
1674.00
1516.00
1463.00
2787.00
843.00
2767.00
1418.00
1535.00
331.00
1247.00
-1.59%276.74%Net Cash (Investing)
$-1122.00
-577.00
-3407.00
-21.00
-1211.00
-886.00
6582.00
5259.00
4465.00
-2669.00
-1400.00
-1496.00
-328.00
-1230.00
-275.00%Increase/Decrease in Debt
$-64.00
-2713.00
-1708.00
240.00
1088.00
382.00
989.00
301.00
492.00
-290.00
-158.00
-852.00
1304.00
1619.00
24.16%Increase/Decrease in Equity
$-527.00
-101.00
-1183.00
-2040.00
-1000.00
-750.00
-77.00
-150.00
-133.00
-1450.00
-2673.00
-351.00
-1327.00
-278.06%Interest Expenses
$411.00
380.00
338.00
334.00
283.00
338.00
351.00
373.00
345.00
276.00
409.00
711.00
5.11%Dividends Paid
$455.00
501.00
624.00
687.00
701.00
730.00
758.00
789.00
809.00
834.00
899.00
977.00
248.00
257.00
7.19%3.63%Net Cash (Financing)
$-1097.00
-3242.00
-3577.00
-2649.00
-579.00
-1028.00
187.00
-660.00
-423.00
-1118.00
-2499.00
-4604.00
598.00
-2.00
-100.33%Cash Taxes Paid
$479.00
556.00
720.00
602.00
398.00
538.00
376.00
268.00
195.00
553.00
708.00
742.00
4.06%Effect of Exchange Rate
$
-3.00
-6.00
-13.00
-116.67%Increase/Decrease in Cash
$676.00
1407.00
-2022.00
-189.00
-853.00
1656.00
2808.00
-421.00
-1643.00
-1346.00
-545.00
59.51%Cash (Beginning)
$615.00
1714.00
3121.00
1099.00
3843.00
2990.00
4646.00
7454.00
7033.00
7033.00
5390.00
24.80%-23.36%Cash (Ending)
$1291.00
3121.00
1099.00
910.00
2990.00
4646.00
7454.00
7033.00
5390.00
5687.00
4845.00
13.87%-14.81%NOPAT
$1169.42
1357.03
2122.03
1332.93
1237.99
891.95
1508.24
1123.00
1511.40
2356.79
3585.07
3073.05
1000.02
560.58
9.18%-43.94%Gross Margin %
4.12%
4.33%
5.87%
5.94%
5.91%
5.76%
6.50%
6.41%
6.92%
7.02%
7.45%
8.00%
8.64%
7.59%
Operating Margin %
1.80%
2.08%
3.39%
2.67%
2.54%
2.20%
2.87%
2.09%
2.62%
3.32%
4.08%
3.95%
4.95%
3.16%
NOPAT Margin %
1.31%
1.51%
2.61%
1.97%
1.99%
1.47%
2.34%
1.74%
2.35%
2.76%
3.53%
3.27%
4.15%
2.57%
Net Margin %
1.37%
1.49%
2.77%
2.73%
2.05%
2.62%
2.81%
2.13%
2.75%
3.18%
4.27%
3.71%
4.86%
3.34%
Tax Rate %
27.14%
27.47%
23.00%
26.36%
21.84%
33.44%
18.25%
16.88%
10.36%
16.69%
13.53%
17.28%
16.11%
18.76%
ROA
2.81%
3.10%
4.82%
3.32%
3.11%
2.23%
3.69%
2.55%
3.04%
4.20%
6.00%
5.63%
1.70%
1.02%
ROE
6.44%
6.72%
10.81%
7.44%
7.21%
4.87%
7.94%
5.84%
7.55%
10.47%
14.74%
12.73%
4.02%
2.41%
ROIC
4.75%
4.05%
7.53%
4.76%
5.14%
3.37%
5.29%
3.72%
4.84%
7.47%
11.12%
9.27%
2.81%
1.63%
Asset Turnover
2.14
2.05
1.84
1.69
1.57
1.52
1.58
1.47
1.29
1.52
1.70
1.72
0.41
0.40
Inventory Turnover
7.51
8.15
7.73
6.64
6.25
6.83
6.60
5.11
5.47
6.36
7.23
1.49
1.74
Equity Multiplier
2.29
2.17
2.24
2.24
2.31
2.18
2.15
2.29
2.48
2.49
2.46
2.26
2.36
2.36
Current Ratio
1.84
1.82
1.67
1.62
1.60
1.59
1.75
1.55
1.50
1.45
1.46
1.60
1.51
1.47
Quick Ratio
0.56
0.69
0.59
0.61
0.21
0.22
0.36
0.23
0.19
0.19
0.25
0.30
0.62
0.63
Debt/Equity Ratio
0.57
0.34
0.29
0.33
0.40
0.41
0.44
0.46
0.50
0.42
0.38
0.35
0.42
0.43
Interest Coverage Ratio
3.91
4.92
8.15
5.42
5.60
3.96
5.26
3.62
4.89
10.25
10.14
5.23
Working Capital/Sales
0.01
0.11
0.06
0.07
0.01
0.03
0.05
0.06
0.08
0.06
0.05
0.05
0.35
0.28
Dividend Payout Ratio %
38.91%
36.92%
29.41%
51.54%
56.62%
81.84%
50.26%
70.26%
53.53%
35.39%
25.08%
31.79%
24.80%
45.85%
Total Payout
$1457.00
3695.00
3853.00
2821.00
896.00
1436.00
197.00
1011.00
795.00
1400.00
2916.00
5213.00
-705.00
-35.00
12.29%95.04%Payout Ratio %
124.59%
272.29%
181.57%
211.64%
72.38%
161.00%
13.06%
90.03%
52.60%
59.40%
81.34%
169.64%
-70.50%
-6.24%