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Income Statement (USD)
Q2 '24 | QoQ | |
---|---|---|
Revenue | 6.11B | 36.1% |
Gross Profit | 2B | 102.2% |
Cost of Revenue | 4.11B | 17.4% |
Operating expense | 1.57B | 18.4% |
Net Income | 1.05B | 151.3% |
EBITDA | 604M | 475.2% |
Balance Sheet (USD)
Q2 '24 | QoQ | |
---|---|---|
Total Assets | 41.5B | 5% |
Total Liabilities | 16.3B | 13.6% |
Total Equity | 25.2B | 1.7% |
Shares Outstanding | 694M | 0.6% |
Cash Flow (USD)
Q2 '24 | QoQ | |
---|---|---|
Cash from operations | 451M | 117.3% |
Cash from investing | -35M | 87% |
Cash from financing | -248M | 114% |
EPS
Financial Highlights for Corteva Agriscience in Q2 '24
Corteva Agriscience reported a revenue of 6.11B, which is a 36.1% change from the previous quarter. An increase in revenue typically indicates growing demand for the company's products or services. This positive change in revenue is a good sign, suggesting that the company's sales are moving in the right direction.
Gross Profit stood at 2B, marking a 102.2% change since the last quarter. Gross profit showcases the efficiency in production and sales processes.
Cost of Revenue was 4.11B, a 17.4% difference from the previous quarter. A rising cost of revenue may suggest increased production or sales costs, which can impact margins. However, if accompanied by a proportionate rise in revenue, it could indicate scaling operations.
Operating Expenses for this period were 1.57B, showing a 18.4% change from the last quarter. Operating expenses cover the costs of running daily business operations. A significant increase might indicate inefficiencies or investments in growth, while a decrease could suggest cost-saving measures or potential underinvestment in key areas.
Net Income for the quarter was 1.05B, showing a 151.3% change from the prior quarter. Net income provides a clear picture of the company's profitability after all expenses. An increase suggests the company is becoming more profitable, while a decrease may raise concerns about the company's financial health, unless there are specific one-time costs or investments.
The company's EBITDA for the quarter was 604M, showing a 475.2% change from the previous period. EBITDA gives insight into the company's operational profitability, excluding non-operating expenses like interest and taxes. A rising EBITDA indicates strong operational performance, while a declining EBITDA may signal operational challenges or increased costs.
It was a positive quarter for Corteva Agriscience with growth in revenue, gross profit, and net income. Higher operating expenses might indicate increased investments or potential inefficiencies.