Corteva 2023 10-K: Share Count Down to 701.26M, Large Accelerated Filer
Ticker: CTVA · Form: 10-K · Filed: 2024-02-08T00:00:00.000Z
Sentiment: bullish
Topics: earnings, share-count, 10-K, corporate-governance
TL;DR
**Corteva's share count dropped to 701.26M in 2023, a bullish sign for EPS.**
AI Summary
Corteva, Inc. (CTVA) filed its 10-K for the fiscal year ended December 31, 2023, indicating it is a Large Accelerated Filer. The company reported 701,260,000 shares outstanding as of December 31, 2023, a slight decrease from 713,419,000 shares outstanding in the prior year. This matters to investors because a reduced share count can increase earnings per share, potentially boosting the stock's value, and signals management's confidence in the company's financial health.
Why It Matters
A lower share count can lead to higher earnings per share, making the stock more attractive to investors and potentially increasing its market value.
Risk Assessment
Risk Level: low — The filing primarily provides factual financial status and classification, with no immediate red flags indicating high risk.
Analyst Insight
An investor should note the reduced share count as it often signals a commitment to shareholder value and can positively impact future EPS, making the stock potentially more attractive.
Key Numbers
- 701,260,000 — Shares Outstanding (as of December 31, 2023, indicating a reduction from the prior year)
- 713,419,000 — Prior Year Shares Outstanding (for comparison, showing a decrease in shares outstanding)
- 20231231 — Conformed Period of Report (the end date of the fiscal year covered by this 10-K filing)
- 001-38710 — SEC File Number (Corteva, Inc.'s SEC file number)
- 0001755672 — Central Index Key (CIK) (Corteva, Inc.'s unique identifier with the SEC)
Key Players & Entities
- Corteva, Inc. (company) — the filer of the 10-K
- EIDP, Inc. (company) — a former company related to the filing, previously DuPont E I de Nemours & Co
- December 31, 2023 (date) — the fiscal year end for the 10-K
- 701,260,000 (dollar_amount) — shares outstanding as of December 31, 2023
- 713,419,000 (dollar_amount) — shares outstanding in the prior year
Forward-Looking Statements
- Corteva's earnings per share (EPS) will likely see a positive impact due to the reduced share count. (Corteva, Inc.) — high confidence, target: Next earnings report
- Corteva will continue to be classified as a Large Accelerated Filer in the near future, maintaining its reporting obligations. (Corteva, Inc.) — high confidence, target: Next fiscal year
FAQ
What is Corteva, Inc.'s Central Index Key (CIK) according to this filing?
Corteva, Inc.'s Central Index Key (CIK) is 0001755672, as stated in the filing.
What was the total number of shares outstanding for Corteva, Inc. as of December 31, 2023?
As of December 31, 2023, Corteva, Inc. had 701,260,000 shares outstanding.
What was the previous year's share count for Corteva, Inc. mentioned in the filing?
The previous year's share count mentioned was 713,419,000 shares outstanding.
What is Corteva, Inc.'s classification as a filer, and what does it imply?
Corteva, Inc. is classified as a 'Large Accelerated Filer'. This classification implies that the company meets certain market capitalization thresholds and has shorter deadlines for filing its periodic reports with the SEC.
What is the business address listed for Corteva, Inc. in the filing?
The business address for Corteva, Inc. is 9330 ZIONSVILLE ROAD, INDIANAPOLIS, IN 46268.
From the Filing
0001755672-24-000004.txt : 20240208 0001755672-24-000004.hdr.sgml : 20240208 20240208141318 ACCESSION NUMBER: 0001755672-24-000004 CONFORMED SUBMISSION TYPE: 10-K PUBLIC DOCUMENT COUNT: 187 CONFORMED PERIOD OF REPORT: 20231231 FILED AS OF DATE: 20240208 DATE AS OF CHANGE: 20240208 FILER: COMPANY DATA: COMPANY CONFORMED NAME: Corteva, Inc. CENTRAL INDEX KEY: 0001755672 STANDARD INDUSTRIAL CLASSIFICATION: AGRICULTURE PRODUCTION - CROPS [0100] ORGANIZATION NAME: 08 Industrial Applications and Services IRS NUMBER: 824979096 STATE OF INCORPORATION: DE FISCAL YEAR END: 1231 FILING VALUES: FORM TYPE: 10-K SEC ACT: 1934 Act SEC FILE NUMBER: 001-38710 FILM NUMBER: 24608351 BUSINESS ADDRESS: STREET 1: 9330 ZIONSVILLE ROAD CITY: INDIANAPOLIS STATE: IN ZIP: 46268 BUSINESS PHONE: (833) 267-8382 MAIL ADDRESS: STREET 1: 9330 ZIONSVILLE ROAD CITY: INDIANAPOLIS STATE: IN ZIP: 46268 FILER: COMPANY DATA: COMPANY CONFORMED NAME: EIDP, Inc. CENTRAL INDEX KEY: 0000030554 STANDARD INDUSTRIAL CLASSIFICATION: PLASTIC MATERIAL, SYNTH RESIN/RUBBER, CELLULOS (NO GLASS) [2820] ORGANIZATION NAME: 08 Industrial Applications and Services IRS NUMBER: 510014090 STATE OF INCORPORATION: DE FISCAL YEAR END: 1231 FILING VALUES: FORM TYPE: 10-K SEC ACT: 1934 Act SEC FILE NUMBER: 001-00815 FILM NUMBER: 24608352 BUSINESS ADDRESS: STREET 1: 9330 ZIONSVILLE ROAD CITY: INDIANAPOLIS STATE: IN ZIP: 46268 BUSINESS PHONE: 8332678382 MAIL ADDRESS: STREET 1: 9330 ZIONSVILLE ROAD CITY: INDIANAPOLIS STATE: IN ZIP: 46268 FORMER COMPANY: FORMER CONFORMED NAME: DUPONT E I DE NEMOURS & CO DATE OF NAME CHANGE: 19920703 10-K 1 ctva-20231231.htm 10-K ctva-20231231 10-K 10-K FALSE FALSE December 31, 2023 December 31, 2023 0001755672 0000030554 December 31 December 31 2023 2023 FY FY Yes Yes No No Yes Yes Yes Yes Large Accelerated Filer Non-accelerated Filer False False False False False False false false 0.01 0.01 1,666,667,000 1,666,667,000 701,260,000 713,419,000 0.58 0.54 0.52 http://fasb.org/us-gaap/2023#PropertyPlantAndEquipmentNet http://fasb.org/us-gaap/2023#PropertyPlantAndEquipmentNet http://fasb.org/us-gaap/2023#DebtCurrent http://fasb.org/us-gaap/2023#DebtCurrent http://fasb.org/us-gaap/2023#LongTermDebtAndCapitalLeaseObligations http://fasb.org/us-gaap/2023#LongTermDebtAndCapitalLeaseObligations http://fasb.org/us-gaap/2023#OtherAssetsNoncurrent http://fasb.org/us-gaap/2023#OtherAssetsNoncurrent http://fasb.org/us-gaap/2023#AccruedLiabilitiesCurrent http://fasb.org/us-gaap/2023#AccruedLiabilitiesCurrent http://fasb.org/us-gaap/2023#OtherLiabilitiesNoncurrent http://fasb.org/us-gaap/2023#OtherLiabilitiesNoncurrent http://fasb.org/us-gaap/2023#AccountsPayableCurrent 120 120 102 102 http://fasb.org/us-gaap/2023#OtherAssetsCurrent http://fasb.org/us-gaap/2023#AccruedLiabilitiesCurrent http://fasb.org/us-gaap/2023#OtherAssetsCurrent http://fasb.org/us-gaap/2023#AccruedLiabilitiesCurrent http://fasb.org/us-gaap/2023#CostOfGoodsAndServicesSold http://fasb.org/us-gaap/2023#CostOfGoodsAndServicesSold http://fasb.org/us-gaap/2023#CostOfGoodsAndServicesSold 0.30 0.30 1,800,000,000 1,800,000,000 200 200 — — 23,000,000 23,000,000 1,673,000 1,673,000 120 120 — — 23,000,000 23,000,000 700,000 700,000 102 102 4.50 4.50 4.50 3.50 3.50 3.50 0001755672 2023-01-01 2023-12-31 0001755672 dei:OtherAddressMember 2023-01-01 2023-12-31 0001755672 ctva:EIDPMember 2023-01-01 2023-12-31 0001755672 dei:OtherAddressMember ctva:EIDPMember 2023-01-01 2023-12-31 0001755672 us-gaap:CommonStockMember 2023-01-01 2023-12-31 0001755672 ctva:A3.50SeriesPreferredStockMember ctva:EIDPMember 2023-01-01 2023-12-31 0001755672 ctva:A4.50SeriesPreferredStockMember ctva:EIDPMember 2023-01-01 2023-12-31 0001755672 2023-06-30 iso4217:USD 0001755672 2024-02-01 xbrli:shares iso4217:USD xbrli:shares 0001755672 ctva:EIDPMember 2024-02-01 0001755672 us-gaap:OtherPensionPlansDefinedBenefitMember srt:ScenarioForecastMember 2024-12-31 0001755672 us-gaap:OtherPostretirementBenefitPlansDefinedBenefitMember sr