Corteva Historical Income Statement
| CTVA Stock | USD 54.07 0.37 0.69% |
Historical analysis of Corteva income statement accounts such as Interest Income of 147.4 M, Depreciation And Amortization of 1.2 B or Interest Expense of 244.7 M can show how well Corteva performed in making a profits. Evaluating Corteva income statement over time to spot trends is a great complementary tool to traditional technical analysis and can indicate the direction of Corteva's future profits or losses.
Financial Statement Analysis is much more than just reviewing and examining Corteva latest accounting reports to predict its past. Macroaxis encourages investors to analyze financial statements over time for various trends across multiple indicators and accounts to determine whether Corteva is a good buy for the upcoming year.
Corteva |
About Corteva Income Statement Analysis
Corteva Income Statement consists of revenues and expenses along with the resulting net income or loss. It represents the profit for the accounting period attributable to Corteva shareholders. The income statement also shows Corteva investors and management if the firm made money during the period reported. The result of an income statement is the net income that is calculated after subtracting the expenses from revenue. It is essential to investors both as an absolute measure as well as earnings per share (i.e., EPS).
Corteva Income Statement Chart
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Total Revenue
Total revenue comprises all receipts Corteva generated from the sale of its products or services. The total amount of income generated by the sale of goods or services related to the company's primary operations.Gross Profit
Gross profit is a required income statement account that reflects total revenue of Corteva minus its cost of goods sold. It is profit before Corteva operating expenses, interest payments and taxes. Gross profit is also known as gross margin. The profit a company makes after deducting the costs associated with making and selling its products, or the costs associated with providing its services.Other Operating Expenses
Other Operating Expenses is the expense which generally does not depend on sales or production quantities of Corteva. It is also known as Corteva overhead expenses. Typically these expenses include marketing, rent and utilities, office, leases, and other overhead cost. Expenses incurred from non-core business activities, including administrative and general expenses, but excluding costs directly related to production.Operating Income
Operating Income is the amount of profit realized from Corteva operations after accounting for operating expenses such as cost of goods sold (COGS), wages and depreciation. Operating income takes the gross income and subtracts other operating expenses and then removes depreciation. Operating Income of Corteva is typically a synonym for earnings before interest and taxes (EBIT) and is also commonly referred to as operating profit or recurring profit. Earnings before interest and taxes (EBIT), representing the amount of profit a company generates from its operations.Most accounts from Corteva's income statement are interrelated and interconnected. However, analyzing income statement accounts one by one will only give a small insight into Corteva current financial condition. On the other hand, looking into the entire matrix of income statement accounts, and analyzing their relationships over time can provide a more complete picture of the company financial strength now and in the future. Check out Trending Equities to better understand how to build diversified portfolios, which includes a position in Corteva. Also, note that the market value of any company could be tightly coupled with the direction of predictive economic indicators such as signals in real. For information on how to trade Corteva Stock refer to our How to Trade Corteva Stock guide.At present, Corteva's Tax Provision is projected to increase significantly based on the last few years of reporting. The current year's Interest Expense is expected to grow to about 244.7 M, whereas Net Interest Income is forecasted to decline to (5.2 M).
| 2021 | 2022 | 2023 | 2024 (projected) | Interest Expense | 30M | 79M | 233M | 244.7M | Depreciation And Amortization | 1.2B | 1.2B | 1.2B | 1.2B |
Corteva income statement Correlations
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Corteva Account Relationship Matchups
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Corteva income statement Accounts
| 2019 | 2020 | 2021 | 2022 | 2023 | 2024 (projected) | ||
| Tax Provision | (46M) | (81M) | 524M | 210M | 82M | 86.1M | |
| Net Interest Income | (77M) | (45M) | (30M) | (79M) | (5M) | (5.3M) | |
| Interest Income | 59M | 56M | 77M | 124M | 202M | 147.4M | |
| Discontinued Operations | (671M) | (55M) | (53M) | (58M) | (52.2M) | (49.6M) | |
| Depreciation And Amortization | 475M | 1.2B | 1.2B | 1.2B | 1.2B | 1.2B | |
| Interest Expense | 136M | 45M | 30M | 79M | 233M | 244.7M | |
| Selling General Administrative | 3.1B | 3.0B | 3.2B | 3.2B | 3.3B | 3.4B | |
| Total Revenue | 13.8B | 14.2B | 15.7B | 17.5B | 17.2B | 16.6B | |
| Gross Profit | 5.3B | 5.7B | 6.4B | 7.0B | 17.2B | 18.1B | |
| Other Operating Expenses | 13.3B | 13.4B | 14.3B | 15.5B | 4.5B | 4.3B | |
| Operating Income | 799M | 1.1B | 2.7B | 1.9B | 941M | 1.3B | |
| Net Income From Continuing Ops | (270M) | 756M | 1.8B | 1.2B | 1.1B | 1.2B | |
| Ebit | 799M | 1.1B | 2.7B | 1.9B | 941M | 1.3B | |
| Research Development | 1.1B | 1.1B | 1.2B | 1.2B | 1.3B | 1.0B | |
| Ebitda | 1.3B | 2.2B | 3.9B | 3.1B | 941M | 894.0M | |
| Cost Of Revenue | 8.6B | 8.5B | 9.2B | 10.4B | 10.1B | 9.9B | |
| Total Operating Expenses | 4.7B | 4.9B | 5.1B | 5.1B | 4.5B | 3.9B | |
| Income Before Tax | (316M) | 675M | 2.3B | 1.4B | 1.1B | 1.1B | |
| Total Other Income Expense Net | (1.1B) | (380M) | (319M) | (442M) | 152M | 159.6M | |
| Net Income Applicable To Common Shares | (959M) | 681M | 1.8B | 1.1B | 1.3B | 1.4B | |
| Net Income | (270M) | 681M | 1.8B | 1.1B | 735M | 771.8M | |
| Income Tax Expense | (46M) | (81M) | 524M | 210M | 152M | 159.6M | |
| Minority Interest | 246M | 20M | (10M) | (11M) | (12M) | (11.4M) | |
| Reconciled Depreciation | 1.6B | 1.2B | 1.2B | 1.2B | 1.2B | 1.1B |
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Analyzing currently trending equities could be an opportunity to develop a better portfolio based on different market momentums that they can trigger. Utilizing the top trending stocks is also useful when creating a market-neutral strategy or pair trading technique involving a short or a long position in a currently trending equity.Additional Information and Resources on Investing in Corteva Stock
When determining whether Corteva offers a strong return on investment in its stock, a comprehensive analysis is essential. The process typically begins with a thorough review of Corteva's financial statements, including income statements, balance sheets, and cash flow statements, to assess its financial health. Key financial ratios are used to gauge profitability, efficiency, and growth potential of Corteva Stock. Outlined below are crucial reports that will aid in making a well-informed decision on Corteva Stock:Check out Trending Equities to better understand how to build diversified portfolios, which includes a position in Corteva. Also, note that the market value of any company could be tightly coupled with the direction of predictive economic indicators such as signals in real. For information on how to trade Corteva Stock refer to our How to Trade Corteva Stock guide.You can also try the Risk-Return Analysis module to view associations between returns expected from investment and the risk you assume.
Is Fertilizers & Agricultural Chemicals space expected to grow? Or is there an opportunity to expand the business' product line in the future? Factors like these will boost the valuation of Corteva. If investors know Corteva will grow in the future, the company's valuation will be higher. The financial industry is built on trying to define current growth potential and future valuation accurately. All the valuation information about Corteva listed above have to be considered, but the key to understanding future value is determining which factors weigh more heavily than others.
Quarterly Earnings Growth (0.28) | Dividend Share 0.64 | Earnings Share 0.99 | Revenue Per Share 23.848 | Quarterly Revenue Growth (0.08) |
The market value of Corteva is measured differently than its book value, which is the value of Corteva that is recorded on the company's balance sheet. Investors also form their own opinion of Corteva's value that differs from its market value or its book value, called intrinsic value, which is Corteva's true underlying value. Investors use various methods to calculate intrinsic value and buy a stock when its market value falls below its intrinsic value. Because Corteva's market value can be influenced by many factors that don't directly affect Corteva's underlying business (such as a pandemic or basic market pessimism), market value can vary widely from intrinsic value.
Please note, there is a significant difference between Corteva's value and its price as these two are different measures arrived at by different means. Investors typically determine if Corteva is a good investment by looking at such factors as earnings, sales, fundamental and technical indicators, competition as well as analyst projections. However, Corteva's price is the amount at which it trades on the open market and represents the number that a seller and buyer find agreeable to each party.