Corteva, Inc.

CTVA 10-Q · Q3 2025

CTVA Q3 2025 request

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Income Statement

Income Statement
Metric Q3 2025 Q3 2024 YoY
Revenue 2,618 2,326 +12.6%
Show Product Lines breakouts
Biologicals · Crop Protection [Member] 147 135 +8.9%
Corn [Member] · Seed [Member] 586 315 +86.0%
Fungicides [Member] · Crop Protection [Member] 222 216 +2.8%
Herbicides [Member] · Crop Protection [Member] 813 736 +10.5%
Insecticides [Member] · Crop Protection [Member] 409 437 -6.4%
Other [Member] · Crop Protection [Member] 110 111 -0.9%
Other [Member] · Seed [Member] 38 77 -50.6%
Other oilseeds [Member] · Seed [Member] 141 135 +4.4%
Soybean [Member] · Seed [Member] 152 164 -7.3%
Show Business Segments breakouts
Crop Protection [Member] · Asia Pacific 199 205 -2.9%
Crop Protection [Member] · EMEA 200 219 -8.7%
Crop Protection [Member] · Latin America 770 771 -0.1%
Crop Protection [Member] · North America 532 440 +20.9%
Crop Protection [Member] · Operating Segments 1,701 1,635 +4.0%
Seed [Member] · Asia Pacific 89 107 -16.8%
Seed [Member] · EMEA 262 196 +33.7%
Seed [Member] · Latin America 391 218 +79.4%
Seed [Member] · North America 175 170 +2.9%
Seed [Member] · Operating Segments 917 691 +32.7%
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EIDP 2,618 2,326 +12.6%
Show Consolidation Items breakouts
Operating Segments 2,618 2,326 +12.6%
Cost of Revenue 1,644 1,565 +5.0%
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Crop Protection [Member] · Operating Segments 1,054 1,012 +4.2%
Seed [Member] · Operating Segments 578 531 +8.9%
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EIDP 1,644 1,565 +5.0%
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Operating Segments 1,632 1,543 +5.8%
Research & Development 351 348 +0.9%
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EIDP 351 348 +0.9%
Selling, General & Administrative 725 671 +8.0%
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EIDP 725 671 +8.0%
Amortization Of Intangible Assets 162 170 -4.7%
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EIDP 162 170 -4.7%
Restructuring Charges 30 32 -6.2%
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Corporate 2 19 -89.5%
Crop Protection [Member] 28 10 +180.0%
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EIDP 30 32 -6.2%
Business Separation Costs 7
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EIDP 7
EIDP · Material Reconciling Items 7
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Material Reconciling Items 7
Non-Operating Income (Expense) -23 -107 +78.5%
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EIDP -23 -89 +74.2%
Interest And Debt Expense (Q)
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EIDP 46 66 -30.3%
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Material Reconciling Items 46 66 -30.3%
Income Before Taxes -370 -633 +41.5%
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EIDP -370 -615 +39.8%
Income Tax Expense (Benefit) -62 -114 +45.6%
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EIDP -62 -110 +43.6%
Income Loss From Continuing Operations Including Portion Attributable To Noncontrolling Interest -308 -519 +40.7%
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EIDP -308 -505 +39.0%
Income Loss From Discontinued Operations Net Of Tax -10 -2 -400.0%
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EIDP -10 -2 -400.0%
Net Income -318 -521 +39.0%
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Noncontrolling Interest 2 3 -33.3%
Retained Earnings -320 -524 +38.9%
Retained Earnings · EIDP -318 -508 +37.4%
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EIDP -318 -507 +37.3%
Net Income Loss Attributable To Noncontrolling Interest 2 3 -33.3%
Net Income -320 -524 +38.9%
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EIDP -318 -508 +37.4%
Income Loss From Continuing Operations Per Basic Share -0.46 -0.76 +39.5%
Discontinued Operation Income Loss From Discontinued Operation Net Of Tax Per Basic Share -0.01
EPS (Basic) -0.47 -0.76 +38.2%
Income Loss From Continuing Operations Per Diluted Share -0.46 -0.76 +39.5%
Discontinued Operation Income Loss From Discontinued Operation Net Of Tax Per Diluted Share -0.01
EPS (Diluted) -0.47 -0.76 +38.2%
General & Administrative (Q)
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EIDP · Corporate Non Segment 37 26 +42.3%
Other Non-Operating Income (Expense) (Q)
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EIDP · Material Reconciling Items 14 50 -72.0%
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Material Reconciling Items 14 50 -72.0%
Comprehensive Income -337 -86 -291.9%
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EIDP -335 -70 -378.6%
Wtd Avg Shares (Basic) 678.7 691.1 -1.8%
Wtd Avg Shares (Diluted) 678.7 691.1 -1.8%
Net Income Loss Available To Common Stockholders Basic -320 -524 +38.9%
Foreign Currency Transaction Gain Loss Before Tax -45 -97 +53.6%
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Hedging Program [Member] -73 59 -223.7%
Subsidiaries 28 -156 +117.9%
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EIDP · Material Reconciling Items 45 97 -53.6%
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Material Reconciling Items 45 97 -53.6%
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ARS -15 -26 +42.3%
Interest Income Operating 29 33 -12.1%
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EIDP · Material Reconciling Items -29 -51 +43.1%
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Material Reconciling Items -29 -33 +12.1%
Other Comprehensive Income Loss Cash Flow Hedge Gain Loss Before Reclassification After Tax (Q)
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Commodity Contract · Designated As Hedging Instrument -19 25 -176.0%
Other Expenses (Q)
Show Business Segments breakouts
Crop Protection [Member] · Operating Segments 368 377 -2.4%
Seed [Member] · Operating Segments 532 480 +10.8%
Show Consolidation Items breakouts
Operating Segments 900 857 +5.0%
Income Loss From Equity Method Investments -1

Balance Sheet

Balance Sheet
Metric Q3 2025 Q3 2024 YoY
Current Assets
Cash & Cash Equivalents 2,509 2,421 +3.6%
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EIDP 2,509 2,421 +3.6%
Short-Term Investments 77 72 +6.9%
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EIDP 77 72 +6.9%
Receivables Net Current 7,784 6,651 +17.0%
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EIDP 7,784 6,651 +17.0%
Inventory 5,310 5,674 -6.4%
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EIDP 5,310 5,674 -6.4%
Other Assets Current 758 831 -8.8%
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EIDP 758 831 -8.8%
Total Current Assets 16,438 15,649 +5.0%
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EIDP 16,438 15,649 +5.0%
Accounts Receivable 5,050 4,260 +18.5%
Non-Current Assets
Property, Plant & Equipment 4,202 4,210 -0.2%
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EIDP 4,202 4,210 -0.2%
Goodwill 10,512 10,629 -1.1%
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EIDP 10,512 10,629 -1.1%
Deferred Tax Assets 434 564 -23.0%
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EIDP 434 564 -23.0%
Other Non-Current Assets 2,043 1,644 +24.3%
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EIDP 2,043 3,149 -35.1%
Total Assets 42,198 41,908 +0.7%
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EIDP 42,198 43,413 -2.8%
Intangible Assets 8,423 9,079 -7.2%
Show Finite Lived Intangible Assets By Major Class breakouts
Customer Related Intangible Assets 1,411 1,569 -10.1%
Developed Technology Rights 575 712 -19.2%
Germplasm [Member] 4,767 5,019 -5.0%
Other Intangible Assets 59 82 -28.0%
Trademarks And Trade Names 1,611 1,697 -5.1%
Other Assets
Equity Method Investments 141 128 +10.2%
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EIDP 141 128 +10.2%
Property Plant And Equipment Gross 9,633 9,235 +4.3%
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EIDP 9,633 9,235 +4.3%
Accumulated Depreciation Depletion And Amortization Property Plant And Equipment 5,431 5,025 +8.1%
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EIDP 5,431 5,025 +8.1%
Intangible Assets Net Excluding Goodwill 8,428 9,084 -7.2%
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EIDP 8,428 9,084 -7.2%
Current Liabilities
Debt Current 2,685 3,741 -28.2%
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EIDP 2,685 3,741 -28.2%
Accounts Payable 4,337 3,753 +15.6%
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EIDP 4,337 3,753 +15.6%
Accrued Income Taxes Current 254 313 -18.8%
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EIDP 254 313 -18.8%
Accrued Liabilities 2,661 2,188 +21.6%
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EIDP 3,014 2,177 +38.4%
EIDP · Accrued and Other Current Liabilities [Member] 17 19 -10.5%
Total Current Liabilities 10,420 10,424 -0.0%
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EIDP 10,773 10,413 +3.5%
Deferred Revenue (Current) 483 429 +12.6%
Current Portion of Long-Term Debt 788 500 +57.6%
Non-Current Liabilities
Deferred Tax Liabilities 373 496 -24.8%
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EIDP 373 496 -24.8%
Pension And Other Postretirement Defined Benefit Plans Liabilities Noncurrent 2,215 2,473 -10.4%
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EIDP 2,215 2,473 -10.4%
Other Non-Current Liabilities 2,041 1,561 +30.7%
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EIDP 2,041 1,561 +30.7%
Liabilities Noncurrent 6,317 6,505 -2.9%
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EIDP 6,317 6,505 -2.9%
Contract With Customer Liability Noncurrent 123 115 +7.0%
Other Liabilities
Deferred Revenue 483 429 +12.6%
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EIDP 483 429 +12.6%
Long Term Debt And Capital Lease Obligations 1,688 1,975 -14.5%
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EIDP 1,688 1,975 -14.5%
Stockholders' Equity
Common Stock 7 7 0.0%
Additional Paid-In Capital 27,039 27,518 -1.7%
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EIDP 24,574 24,417 +0.6%
Retained Earnings 834 98 +751.0%
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EIDP 2,953 4,722 -37.5%
Accumulated Other Comprehensive Income -2,661 -2,886 +7.8%
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EIDP -2,661 -2,886 +7.8%
Total Stockholders' Equity 25,219 24,737 +1.9%
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EIDP 25,105 26,492 -5.2%
Stockholders Equity Including Portion Attributable To Noncontrolling Interest 25,461 24,979 +1.9%
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Other Postretirement Benefit Plans Defined Benefit 209 182 +14.8%
Pension Plans Defined Benefit -226 -352 +35.8%
Show Equity Components breakouts
Accumulated Gain Loss Net Cash Flow Hedge Parent -44 -38 -15.8%
Accumulated Net Unrealized Investment Gain Loss -1 -14 +92.9%
Accumulated Other Comprehensive Income -2,661 -2,886 +7.8%
Accumulated Other Comprehensive Income · EIDP -2,661 -2,886 +7.8%
Accumulated Translation Adjustment -2,599 -2,664 +2.4%
Additional Paid In Capital 27,039 27,518 -1.7%
Additional Paid In Capital · EIDP 24,574 24,417 +0.6%
Common Stock 7 7 0.0%
Noncontrolling Interest 242 242 0.0%
Noncontrolling Interest · EIDP 3 3 0.0%
Preferred Stock · EIDP 239 239 0.0%
Retained Earnings 834 98 +751.0%
Retained Earnings · EIDP 2,953 4,722 -37.5%
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EIDP 25,108 26,495 -5.2%
Total Liabilities & Equity 42,198 41,908 +0.7%
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EIDP 42,198 43,413 -2.8%
Preferred Stock Value (Q)
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EIDP · $3.50 Series Preferred Stock [Member] 70 70 0.0%
EIDP · $4.50 Series Preferred Stock [Member] 169 169 0.0%
Minority Interest 242 242 0.0%
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EIDP 3 3 0.0%

Cash Flow Statement

Cash Flow Statement
Metric YTD Q3 2025 YTD Q3 2024 YoY
Operating Activities
Depreciation & Amortization 897 925 -3.0%
Show Business Segments breakouts
Crop Protection [Member] · Operating Segments 311 315 -1.3%
Seed [Member] · Operating Segments 586 610 -3.9%
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EIDP 897 925 -3.0%
EIDP · Material Reconciling Items 897 925 -3.0%
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Operating Segments 897 925 -3.0%
Other Non-Cash Items 386 377 +2.4%
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EIDP 386 377 +2.4%
Change in Accounts Receivable -1,659 -1,450 -14.4%
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EIDP -1,659 -1,450 -14.4%
Change in Inventory 331 1,060 -68.8%
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EIDP 331 1,060 -68.8%
Change in Accounts Payable 123 -518 +123.7%
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EIDP 123 -518 +123.7%
Net Cash from Operations -969 -2,028 +52.2%
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EIDP -969 -2,043 +52.6%
Investing Activities
Other Investing Activities -17 -38 +55.3%
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EIDP -17 -38 +55.3%
Net Cash from Investing -355 -466 +23.8%
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EIDP -355 -1,557 +77.2%
Financing Activities
Share Repurchases -770 -757 -1.7%
Show Retirement Plan Type breakouts
Pension Plans Defined Benefit · 2022 Stock Repurchase Program -145
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2022 Stock Repurchase Program -500 -750 +33.3%
2024 Stock Repurchase Program -270
Net Cash from Financing 554 2,137 -74.1%
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EIDP 554 3,243 -82.9%
Other Cash Flow
Deferred Income Taxes And Tax Credits -72 -422 +82.9%
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EIDP -72 -422 +82.9%
Pension Expense Reversal Of Expense Noncash 27 121 -77.7%
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EIDP 27 121 -77.7%
Pension Contributions -110 -123 +10.6%
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EIDP -110 -123 +10.6%
Gain Loss On Disposition Of Assets1 -17 -17 0.0%
Show Business Segments breakouts
Crop Protection [Member] -14 -3 -366.7%
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EIDP -17 -17 0.0%
Show Restructuring Plan breakouts
2022 Restructuring Actions -14 -7 -100.0%
Increase Decrease In Deferred Revenue -2,824 -2,974 +5.0%
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EIDP -2,824 -2,974 +5.0%
Increase Decrease In Other Operating Capital Net 105 38 +176.3%
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EIDP 105 -6 +1850.0%
Net Cash Provided By Used In Operating Activities Continuing Operations -941 -1,871 +49.7%
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EIDP -941 -1,886 +50.1%
Cash Provided By Used In Operating Activities Discontinued Operations -28 -157 +82.2%
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EIDP -28 -157 +82.2%
Payments To Acquire Productive Assets -369 -416 +11.3%
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EIDP -369 -416 +11.3%
Proceeds From Sales Of Business Affiliate And Productive Assets 26 2 +1200.0%
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EIDP 26 2 +1200.0%
Payments To Acquire Equity Method Investments -7 -7 0.0%
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EIDP -7 -7 0.0%
Proceeds From Sale And Maturity Of Marketable Securities 68 115 -40.9%
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EIDP 68 115 -40.9%
Payments For Proceeds From Hedge Investing Activities -56 15 -473.3%
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EIDP -56 15 -473.3%
Proceeds From Repayments Of Short Term Debt 1,119 1,715 -34.8%
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EIDP 1,119 1,715 -34.8%
Proceeds From Collection Of Advance To Affiliate (YTD)
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EIDP 129
Proceeds From Issuance Of Long Term Debt 1,643 3,047 -46.1%
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EIDP 1,643 3,047 -46.1%
Repayments Of Long Term Debt -1,116 -1,529 +27.0%
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EIDP -1,116 -1,529 +27.0%
Proceeds From Stock Options Exercised 75 30 +150.0%
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EIDP 75 30 +150.0%
Payments Of Dividends -354 -340 -4.1%
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EIDP · Corteva [Member] -1,260
Proceeds From Payments For Other Financing Activities -43 -29 -48.3%
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EIDP -36 -20 -80.0%
Effect Of Exchange Rate On Cash Cash Equivalents Restricted Cash And Restricted Cash Equivalents 85 -45 +288.9%
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EIDP 85 -45 +288.9%
Net Change in Cash -685 -402 -70.4%
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EIDP -685 -402 -70.4%
Cash Cash Equivalents Restricted Cash And Restricted Cash Equivalents Including Disposal Group And Discontinued Operations 2,737 2,756 -0.7%
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EIDP 2,737 2,756 -0.7%

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

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