Corteva, Inc.

CTVA 10-K · FY 2025

CTVA FY 2025 request

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Income Statement

Income Statement
Metric FY 2025 FY 2024 YoY
Revenue 17,401 16,908 +2.9%
Show Product Lines breakouts
Biologicals · Crop Protection [Member] 519 476 +9.0%
Corn [Member] · Seed [Member] 7,002 6,496 +7.8%
Fungicides [Member] · Crop Protection [Member] 1,140 1,081 +5.5%
Herbicides [Member] · Crop Protection [Member] 3,730 3,599 +3.6%
Insecticides [Member] · Crop Protection [Member] 1,669 1,715 -2.7%
Other [Member] · Crop Protection [Member] 445 492 -9.6%
Other [Member] · Seed [Member] 374 469 -20.3%
Other oilseeds [Member] · Seed [Member] 644 653 -1.4%
Soybean [Member] · Seed [Member] 1,878 1,927 -2.5%
Show Business Segments breakouts
Crop Protection [Member] · Asia Pacific 886 940 -5.7%
Crop Protection [Member] · EMEA 1,550 1,543 +0.5%
Crop Protection [Member] · Latin America 2,314 2,253 +2.7%
Crop Protection [Member] · North America 2,753 2,627 +4.8%
Crop Protection [Member] · Operating Segments 7,503 7,363 +1.9%
Seed [Member] · Asia Pacific 453 408 +11.0%
Seed [Member] · EMEA 1,560 1,581 -1.3%
Seed [Member] · Latin America 1,614 1,523 +6.0%
Seed [Member] · North America 6,271 6,033 +3.9%
Seed [Member] · Operating Segments 9,898 9,545 +3.7%
Show Geography breakouts
Asia Pacific 1,339 1,348 -0.7%
BR 2,900 2,618 +10.8%
CA 755 794 -4.9%
EMEA 3,110 3,124 -0.4%
Latin America 3,928 3,776 +4.0%
US 8,269 7,866 +5.1%
Show Legal Entity breakouts
EIDP 17,401 16,908 +2.9%
Show Consolidation Items breakouts
Operating Segments 17,401 16,908 +2.9%
Cost of Revenue 9,172 9,529 -3.7%
Show Business Segments breakouts
Crop Protection [Member] · Operating Segments 4,585 4,636 -1.1%
Seed [Member] · Operating Segments 4,533 4,876 -7.0%
Show Legal Entity breakouts
EIDP 9,172 9,529 -3.7%
Show Consolidation Items breakouts
Operating Segments 9,118 9,512 -4.1%
Research & Development 1,474 1,402 +5.1%
Show Legal Entity breakouts
EIDP 1,474 1,402 +5.1%
Selling, General & Administrative 3,492 3,196 +9.3%
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EIDP 3,492 3,196 +9.3%
Amortization Of Intangible Assets 644 685 -6.0%
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EIDP 644 685 -6.0%
Restructuring Charges 146 288 -49.3%
Show Business Segments breakouts
Corporate 7 91 -92.3%
Crop Protection [Member] 135 142 -4.9%
Seed [Member] 4 55 -92.7%
Show Legal Entity breakouts
EIDP 146 288 -49.3%
Business Separation Costs 35
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EIDP 35
EIDP · Material Reconciling Items 35
Show Consolidation Items breakouts
Material Reconciling Items 35
Non-Operating Income (Expense) -570 -300 -90.0%
Show Legal Entity breakouts
EIDP -570 -261 -118.4%
Interest And Debt Expense 180 233 -22.7%
Show Legal Entity breakouts
EIDP 180 233 -22.7%
EIDP · Material Reconciling Items 180 233 -22.7%
Show Consolidation Items breakouts
Material Reconciling Items 180 233 -22.7%
Income Before Taxes 1,688 1,275 +32.4%
Show Legal Entity breakouts
EIDP 1,688 1,314 +28.5%
EIDP · Segment Continuing Operations 1,688 1,314 +28.5%
Show Statement Operating Activities Segment breakouts
Segment Continuing Operations 1,688 1,275 +32.4%
Income Tax Expense (Benefit) 484 412 +17.5%
Show Legal Entity breakouts
EIDP 484 421 +15.0%
EIDP · Segment Continuing Operations 484 421 +15.0%
Show Statement Operating Activities Segment breakouts
Segment Continuing Operations 484 412 +17.5%
Income Loss From Continuing Operations Including Portion Attributable To Noncontrolling Interest 1,204 863 +39.5%
Show Legal Entity breakouts
EIDP 1,204 893 +34.8%
EIDP · Segment Continuing Operations 1,204 893 +34.8%
Show Statement Operating Activities Segment breakouts
Segment Continuing Operations 1,204 863 +39.5%
Income Loss From Discontinued Operations Net Of Tax -99 56 -276.8%
Show Legal Entity breakouts
EIDP -99 56 -276.8%
Net Income 1,105 919 +20.2%
Show Equity Components breakouts
Noncontrolling Interest 11 12 -8.3%
Noncontrolling Interest · EIDP 1 2 -50.0%
Retained Earnings 1,094 907 +20.6%
Retained Earnings · EIDP 1,104 947 +16.6%
Show Legal Entity breakouts
EIDP 1,105 949 +16.4%
Net Income Loss Attributable To Noncontrolling Interest 11 12 -8.3%
Net Income 1,094 907 +20.6%
Show Legal Entity breakouts
EIDP 1,104 947 +16.6%
Income Loss From Continuing Operations Per Basic Share 1.75 1.23 +42.3%
Discontinued Operation Income Loss From Discontinued Operation Net Of Tax Per Basic Share -0.15 0.08 -287.5%
EPS (Basic) 1.6 1.31 +22.1%
Income Loss From Continuing Operations Per Diluted Share 1.75 1.22 +43.4%
Discontinued Operation Income Loss From Discontinued Operation Net Of Tax Per Diluted Share -0.15 0.08 -287.5%
EPS (Diluted) 1.6 1.3 +23.1%
Other Non-Operating Income (Expense) (FY)
Show Consolidation Items breakouts
Material Reconciling Items 39 174 -77.6%
Comprehensive Income 1,766 115 +1435.7%
Show Legal Entity breakouts
EIDP 1,776 155 +1045.8%
Wtd Avg Shares (Basic) 680 693.7 -2.0%
Wtd Avg Shares (Diluted) 681.4 696 -2.1%
Net Income Loss Available To Common Stockholders Basic 1,094 907 +20.6%
Foreign Currency Transaction Gain Loss Before Tax -181 -284 +36.3%
Show Foreign Currency Transaction Type [Axis] breakouts
Hedging Program [Member] 73 -132 +155.3%
Subsidiaries -254 -152 -67.1%
Show Legal Entity breakouts
EIDP · Material Reconciling Items 181 284 -36.3%
Show Consolidation Items breakouts
Material Reconciling Items 181 284 -36.3%
Show Currency breakouts
ARS -34 -66 +48.5%
Interest Income Operating 136 132 +3.0%
Show Legal Entity breakouts
EIDP · Material Reconciling Items -136 -171 +20.5%
Show Consolidation Items breakouts
Material Reconciling Items -136 -132 -3.0%
Other Comprehensive Income Loss Cash Flow Hedge Gain Loss Before Reclassification After Tax (FY)
Show Derivative Risk breakouts
Commodity Contract · Designated As Hedging Instrument 3 -29 +110.3%
Foreign Exchange Contract · Designated As Hedging Instrument 5 19 -73.7%
Other Expenses (FY)
Show Business Segments breakouts
Crop Protection [Member] · Operating Segments 1,568 1,455 +7.8%
Seed [Member] · Operating Segments 2,729 2,450 +11.4%
Show Consolidation Items breakouts
Operating Segments 4,297 3,905 +10.0%
Income Loss From Equity Method Investments 13 15 -13.3%

Balance Sheet

Balance Sheet
Metric FY 2025 FY 2024 YoY
Current Assets
Cash & Cash Equivalents 4,521 3,106 +45.6%
Show Legal Entity breakouts
EIDP 4,521 3,106 +45.6%
Short-Term Investments 9 63 -85.7%
Show Legal Entity breakouts
EIDP 9 63 -85.7%
Receivables Net Current 6,371 5,676 +12.2%
Show Legal Entity breakouts
EIDP 6,371 5,676 +12.2%
Inventory 5,667 5,432 +4.3%
Show Legal Entity breakouts
EIDP 5,667 5,432 +4.3%
Other Assets Current 767 820 -6.5%
Show Legal Entity breakouts
EIDP 767 820 -6.5%
Total Current Assets 17,335 15,097 +14.8%
Show Legal Entity breakouts
EIDP 17,335 15,097 +14.8%
Accounts Receivable 4,881 4,448 +9.7%
Non-Current Assets
Property, Plant & Equipment 4,220 4,099 +3.0%
Show Geography breakouts
Asia Pacific 82 84 -2.4%
CA 100 101 -1.0%
EMEA 573 522 +9.8%
Latin America 586 514 +14.0%
US 2,879 2,878 0.0%
Show Legal Entity breakouts
EIDP 4,220 4,099 +3.0%
Goodwill 10,465 10,408 +0.5%
Show Business Segments breakouts
Crop Protection [Member] 5,153 5,082 +1.4%
Seed [Member] 5,312 5,326 -0.3%
Show Legal Entity breakouts
EIDP 10,465 10,408 +0.5%
Deferred Tax Assets 320 401 -20.2%
Show Legal Entity breakouts
EIDP 320 401 -20.2%
Other Non-Current Assets 2,044 1,810 +12.9%
Show Legal Entity breakouts
EIDP 2,044 1,810 +12.9%
Total Assets 42,845 40,825 +4.9%
Show Legal Entity breakouts
EIDP 42,845 40,825 +4.9%
Operating Lease Right-of-Use Assets 411 414 -0.7%
Intangible Assets 8,296 8,871 -6.5%
Show Finite Lived Intangible Assets By Major Class breakouts
Customer Related Intangible Assets 1,370 1,487 -7.9%
Developed Technology Rights 577 677 -14.8%
Germplasm [Member] 4,704 4,955 -5.1%
Other Intangible Assets 55 76 -27.6%
Trademarks And Trade Names 1,590 1,676 -5.1%
Other Assets
Equity Method Investments 160 134 +19.4%
Show Legal Entity breakouts
EIDP 160 134 +19.4%
Property Plant And Equipment Gross 9,551 9,074 +5.3%
Show Legal Entity breakouts
EIDP 9,551 9,074 +5.3%
Show Property Plant And Equipment By Type breakouts
Building 1,867 1,715 +8.9%
Construction In Progress 386 462 -16.5%
Land And Land Improvements 449 425 +5.6%
Machinery And Equipment 6,849 6,472 +5.8%
Accumulated Depreciation Depletion And Amortization Property Plant And Equipment 5,331 4,975 +7.2%
Show Legal Entity breakouts
EIDP 5,331 4,975 +7.2%
Intangible Assets Net Excluding Goodwill 8,301 8,876 -6.5%
Show Legal Entity breakouts
EIDP 8,301 8,876 -6.5%
Current Liabilities
Debt Current 894 750 +19.2%
Show Legal Entity breakouts
EIDP 894 750 +19.2%
Accounts Payable 4,398 4,039 +8.9%
Show Legal Entity breakouts
EIDP 4,398 4,039 +8.9%
Accrued Income Taxes Current 155 207 -25.1%
Show Legal Entity breakouts
EIDP 155 207 -25.1%
Deferred Revenue 3,579 3,287 +8.9%
Show Legal Entity breakouts
EIDP 3,579 3,287 +8.9%
Accrued Liabilities 3,099 2,103 +47.4%
Show Legal Entity breakouts
EIDP 3,223 2,096 +53.8%
EIDP · Accrued and Other Current Liabilities [Member] 27 9 +200.0%
Total Current Liabilities 12,125 10,386 +16.7%
Show Legal Entity breakouts
EIDP 12,249 10,379 +18.0%
Deferred Revenue (Current) 3,579 3,287 +8.9%
Current Portion of Long-Term Debt 782 500 +56.4%
Non-Current Liabilities
Deferred Tax Liabilities 251 478 -47.5%
Show Legal Entity breakouts
EIDP 251 478 -47.5%
Pension And Other Postretirement Defined Benefit Plans Liabilities Noncurrent 2,434 2,271 +7.2%
Show Retirement Plan Type breakouts
Other Postretirement Benefit Plans Defined Benefit · Pension and other post employment benefits - noncurrent [Member] 674 709 -4.9%
Pension Plans Defined Benefit · Pension and other post employment benefits - noncurrent [Member] 1,760 1,562 +12.7%
Show Legal Entity breakouts
EIDP 2,434 2,271 +7.2%
Other Non-Current Liabilities 1,963 1,707 +15.0%
Show Legal Entity breakouts
EIDP 1,963 1,707 +15.0%
Liabilities Noncurrent 6,334 6,409 -1.2%
Show Legal Entity breakouts
EIDP 6,334 6,409 -1.2%
Operating Lease Liabilities 293 342 -14.3%
Contract With Customer Liability Noncurrent 125 114 +9.6%
Other Liabilities
Long Term Debt And Capital Lease Obligations 1,686 1,953 -13.7%
Show Legal Entity breakouts
EIDP 1,686 1,953 -13.7%
Stockholders' Equity
Common Stock Shares Issued 672,163,000 685,595,000 -2.0%
Show Company [Axis] breakouts
Corteva [Member] 672,163,000 685,595,000 -2.0%
Common Stock 7 7 0.0%
Additional Paid-In Capital 27,001 27,196 -0.7%
Show Legal Entity breakouts
EIDP 24,610 24,464 +0.6%
Retained Earnings -67 55 -221.8%
Show Legal Entity breakouts
EIDP 2,207 2,930 -24.7%
Accumulated Other Comprehensive Income -2,797 -3,469 +19.4%
Show Legal Entity breakouts
EIDP -2,797 -3,469 +19.4%
Total Stockholders' Equity 24,144 23,789 +1.5%
Show Legal Entity breakouts
EIDP 24,259 24,035 +0.9%
Stockholders Equity Including Portion Attributable To Noncontrolling Interest 24,386 24,030 +1.5%
Show Equity Components breakouts
Accumulated Gain Loss Net Cash Flow Hedge Parent -7 16 -143.8%
Accumulated Other Comprehensive Income -2,797 -3,469 +19.4%
Accumulated Other Comprehensive Income · EIDP -2,797 -3,469 +19.4%
Accumulated Translation Adjustment -2,605 -3,472 +25.0%
Additional Paid In Capital 27,001 27,196 -0.7%
Additional Paid In Capital · EIDP 24,610 24,464 +0.6%
Common Stock 7 7 0.0%
Noncontrolling Interest 242 241 +0.4%
Noncontrolling Interest · EIDP 3 2 +50.0%
Preferred Stock · EIDP 239 239 0.0%
Retained Earnings -67 55 -221.8%
Retained Earnings · EIDP 2,207 2,930 -24.7%
Show Defined Benefit Plans and Other Postretirement Benefit Plans [Axis] breakouts
Other Postretirement Benefit Plans Defined Benefit 193 219 -11.9%
Pension Plans Defined Benefit -378 -226 -67.3%
Show Legal Entity breakouts
EIDP 24,262 24,037 +0.9%
Total Liabilities & Equity 42,845 40,825 +4.9%
Show Legal Entity breakouts
EIDP 42,845 40,825 +4.9%
Preferred Stock Value (Q)
Show Legal Entity breakouts
EIDP · $3.50 Series Preferred Stock [Member] 70 70 0.0%
EIDP · $4.50 Series Preferred Stock [Member] 169 169 0.0%
Minority Interest 242 241 +0.4%
Show Legal Entity breakouts
EIDP 3 2 +50.0%

Cash Flow Statement

Cash Flow Statement
Metric FY 2025 FY 2024 YoY
Operating Activities
Depreciation & Amortization 1,203 1,227 -2.0%
Show Business Segments breakouts
Crop Protection [Member] · Operating Segments 423 422 +0.2%
Seed [Member] · Operating Segments 780 805 -3.1%
Show Legal Entity breakouts
EIDP 1,203 1,227 -2.0%
EIDP · Material Reconciling Items 1,203 1,227 -2.0%
Show Consolidation Items breakouts
Operating Segments 1,203 1,227 -2.0%
Other Non-Cash Items 545 383 +42.3%
Show Legal Entity breakouts
EIDP 545 383 +42.3%
Change in Inventory -35 1,110 -103.2%
Show Legal Entity breakouts
EIDP -35 1,110 -103.2%
Change in Accounts Payable 231 -115 +300.9%
Show Legal Entity breakouts
EIDP 231 -115 +300.9%
Net Cash from Operations 3,406 2,145 +58.8%
Show Legal Entity breakouts
EIDP 3,406 2,187 +55.7%
Deferred Income Taxes (FY)
Show Legal Entity breakouts
EIDP · Segment Continuing Operations -41 -365 +88.8%
Show Statement Operating Activities Segment breakouts
Segment Continuing Operations -41 -365 +88.8%
Investing Activities
Other Investing Activities -38 -39 +2.6%
Show Legal Entity breakouts
EIDP -38 -39 +2.6%
Net Cash from Investing -543 -589 +7.8%
Show Legal Entity breakouts
EIDP -543 -228 -138.2%
Financing Activities
Share Repurchases -1,071 -1,009 -6.1%
Show Retirement Plan Type breakouts
Pension Plans Defined Benefit · 2022 Share Repurchase Program -145 -125 -16.0%
Show Share Repurchase Program breakouts
2022 Share Repurchase Program -500 -1 -49900.0%
2024 Share Buyback Plan -571
Net Cash from Financing -1,644 -1,199 -37.1%
Show Legal Entity breakouts
EIDP -1,644 -1,602 -2.6%
Supplemental
Interest Paid 191 244 -21.7%
Show Legal Entity breakouts
EIDP 191 244 -21.7%
Income Taxes Paid 750 707 +6.1%
Show Legal Entity breakouts
EIDP 750 707 +6.1%
Income Taxes Paid 750
Show Income Tax Authority breakouts
Foreign Tax Jurisdiction Other 287
Internal Revenue Service IRS 195
Ministry Of Finance India 42
Secretariat Of The Federal Revenue Bureau Of Brazil 72
State And Local Jurisdiction · US 49
Swiss Federal Tax Administration FTA 59
Swiss Geneva Tax Admin 46
Other Cash Flow
Deferred Income Taxes And Tax Credits -41 -365 +88.8%
Show Legal Entity breakouts
EIDP -41 -365 +88.8%
Pension And Other Postretirement Benefits Expense Reversal Of Expense Noncash 36 160 -77.5%
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EIDP 36 160 -77.5%
Pension And Other Postretirement Benefit Contributions -136 -151 +9.9%
Show Legal Entity breakouts
EIDP -136 -151 +9.9%
Gain Loss On Disposition Of Assets1 -41 -17 -141.2%
Show Business Segments breakouts
Crop Protection [Member] -37 -3 -1133.3%
Show Legal Entity breakouts
EIDP -41 -17 -141.2%
Show Restructuring Plan breakouts
2022 Restructuring Actions -14 -7 -100.0%
2022 Restructuring Actions and Crop Protection Operation Strategy Restructuring Program -37
Crop Protection Strategy Operations Program [Member] -23
Restructuring And Related Cost Incurred Cost 146 288 -49.3%
Show Legal Entity breakouts
EIDP 146 288 -49.3%
Show Restructuring Cost And Reserve breakouts
Asset Related Charges [Member] · Crop Protection Strategy Operations Program [Member] 13 101 -87.1%
Contract Termination · Crop Protection Strategy Operations Program [Member] 66 30 +120.0%
Decommissioning and Demolition · Crop Protection Strategy Operations Program [Member] 60 10 +500.0%
Employee Severance · Crop Protection Strategy Operations Program [Member] 11 91 -87.9%
Show Restructuring Plan breakouts
Crop Protection Strategy Operations Program [Member] 150 232 -35.3%
Increase Decrease In Accounts And Notes Receivable -261 -705 +63.0%
Show Legal Entity breakouts
EIDP -261 -705 +63.0%
Increase Decrease In Deferred Revenue 270 -86 +414.0%
Show Legal Entity breakouts
EIDP 270 -86 +414.0%
Increase Decrease In Other Operating Capital Net 336 -296 +213.5%
Show Legal Entity breakouts
EIDP 336 -284 +218.3%
Net Cash Provided By Used In Operating Activities Continuing Operations 3,457 2,296 +50.6%
Show Legal Entity breakouts
EIDP 3,457 2,338 +47.9%
Cash Provided By Used In Operating Activities Discontinued Operations -51 -151 +66.2%
Show Legal Entity breakouts
EIDP -51 -151 +66.2%
Payments To Acquire Productive Assets -591 -597 +1.0%
Show Legal Entity breakouts
EIDP -591 -597 +1.0%
Proceeds From Sales Of Business Affiliate And Productive Assets 54 5 +980.0%
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EIDP 54 5 +980.0%
Payments To Acquire Equity Method Investments -20 -7 -185.7%
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EIDP -20 -7 -185.7%
Proceeds From Sale And Maturity Of Marketable Securities 135 130 +3.8%
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EIDP 135 130 +3.8%
Payments For Proceeds From Hedge Investing Activities -83 63 -231.7%
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EIDP -83 63 -231.7%
Proceeds Of Capital Distribution (FY)
Show Legal Entity breakouts
EIDP 129
Proceeds From Issuance Of Long Term Debt 1,730 3,072 -43.7%
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EIDP 1,730 3,072 -43.7%
Repayments Of Long Term Debt -1,871 -2,885 +35.1%
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EIDP -1,871 -2,885 +35.1%
Proceeds From Stock Options Exercised 88 60 +46.7%
Show Legal Entity breakouts
EIDP 88 60 +46.7%
Payments Of Dividends -475 -458 -3.7%
Show Legal Entity breakouts
EIDP · Corteva [Member] -1,682 -1,750 +3.9%
Proceeds From Payments For Other Financing Activities -45 -32 -40.6%
Show Legal Entity breakouts
EIDP -38 -23 -65.2%
Effect Of Exchange Rate On Cash Cash Equivalents Restricted Cash And Restricted Cash Equivalents 84 -93 +190.3%
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EIDP 84 -93 +190.3%
Net Change in Cash 1,303 264 +393.6%
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EIDP 1,303 264 +393.6%
Cash Cash Equivalents Restricted Cash And Restricted Cash Equivalents Including Disposal Group And Discontinued Operations 4,725 3,422 +38.1%
Show Legal Entity breakouts
EIDP 4,725 3,422 +38.1%

Values in millions USD. Source: SEC EDGAR 10-K filing.

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