Corteva, Inc. Q2 2024 10-Q Filing

Ticker: CTVA · Form: 10-Q · Filed: 2024-08-01T00:00:00.000Z

Sentiment: neutral

Topics: 10-Q, financials, assets, liabilities

TL;DR

**Corteva Q2 10-Q: Assets $1.67B, Liabs $701M. Financials updated.**

AI Summary

Corteva, Inc. filed its 10-Q for the period ending June 30, 2024. The company reported total assets of $1,666,667,000 and total liabilities of $701,260,000 for the quarter. This filing provides an update on the company's financial performance and position.

Why It Matters

This filing provides investors with crucial financial data for Corteva, Inc., including asset and liability figures, which are essential for evaluating the company's financial health and investment potential.

Risk Assessment

Risk Level: medium — The filing contains detailed financial information that requires careful analysis to assess potential risks and opportunities.

Key Numbers

$1,666,667,000 — Total Assets (As of June 30, 2024)
$701,260,000 — Total Liabilities (As of June 30, 2024)
20240630 — Period End Date (Quarterly reporting period)

Key Players & Entities

Corteva, Inc. (company) — Filer of the 10-Q
EIDP, Inc. (company) — Related company with same address
DUPONT E I DE NEMOURS & CO (company) — Former company name
June 30, 2024 (date) — Period of report
$1,666,667,000 (dollar_amount) — Total assets
$701,260,000 (dollar_amount) — Total liabilities

FAQ

What were Corteva, Inc.'s total assets as of June 30, 2024?

Corteva, Inc.'s total assets as of June 30, 2024, were $1,666,667,000.

What were Corteva, Inc.'s total liabilities as of June 30, 2024?

Corteva, Inc.'s total liabilities as of June 30, 2024, were $701,260,000.

What is the filing date for this 10-Q report?

This 10-Q report was filed on August 1, 2024.

What is the fiscal year end for Corteva, Inc.?

The fiscal year end for Corteva, Inc. is December 31.

What was the previous name of Corteva, Inc.?

Corteva, Inc. was formerly known as DUPONT E I DE NEMOURS & CO.

From the Filing

0001755672-24-000019.txt : 20240801 0001755672-24-000019.hdr.sgml : 20240801 20240801171922 ACCESSION NUMBER: 0001755672-24-000019 CONFORMED SUBMISSION TYPE: 10-Q PUBLIC DOCUMENT COUNT: 122 CONFORMED PERIOD OF REPORT: 20240630 FILED AS OF DATE: 20240801 DATE AS OF CHANGE: 20240801 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-Q SEC ACT: 1934 Act SEC FILE NUMBER: 001-38710 FILM NUMBER: 241167927 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-Q SEC ACT: 1934 Act SEC FILE NUMBER: 001-00815 FILM NUMBER: 241167928 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-Q 1 ctva-20240630.htm 10-Q ctva-20240630 6/30/2024 6/30/2024 10-Q 10-Q false false June 30, 2024 June 30, 2024 0001755672 0000030554 December 31 December 31 2024 2024 Q2 Q2 Large Accelerated Filer Non-Accelerated Filer False False False False False True 0.01 0.01 0.01 1,666,667,000 1,666,667,000 1,666,667,000 693,617,000 701,260,000 709,516,000 4,933 4,669 4,491 0.16 0.15 0.15 0.15 P5Y P3Y P5Y P3Y 1 120 120 120 102 102 102 23,000 23,000 1,673 1,673 700 700 23,000 23,000 23,000 http://fasb.org/us-gaap/2023#OtherAssetsCurrent http://fasb.org/us-gaap/2023#OtherAssetsCurrent http://fasb.org/us-gaap/2023#OtherAssetsCurrent http://fasb.org/us-gaap/2023#AccruedLiabilitiesCurrent http://fasb.org/us-gaap/2023#AccruedLiabilitiesCurrent http://fasb.org/us-gaap/2023#AccruedLiabilitiesCurrent http://fasb.org/us-gaap/2023#AccruedLiabilitiesCurrent http://fasb.org/us-gaap/2023#OtherAssetsCurrent http://fasb.org/us-gaap/2023#OtherAssetsCurrent http://fasb.org/us-gaap/2023#AccruedLiabilitiesCurrent http://fasb.org/us-gaap/2023#AccruedLiabilitiesCurrent 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#AccruedLiabilitiesCurrent 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 http://fasb.org/us-gaap/2023#CostOfGoodsAndServicesSold SUBSEQUENT EVENTSIn April 2024, the company entered into a committed receivable repurchase facility of up to XX (the "2024 Repurchase Facility"), which expires in December 20XX. Under the 2024 Repurchase Facility, Corteva may sell a portfolio of available and eligible outstanding customer notes receivables to participating institutions and simultaneously agree to repurchase at a future date. The 2024 Repurchase Facility is considered a secured borrowing with the customer notes receivables inclusive of those that are sold and repurchased, equal to XX of the outstanding amounts borrowed utilized as collateral. Borrowings under the 2024 Repurchase Facility have an interest rate equal to the Adjusted Term Secured Overnight Financing Rate ("SOFR"), which is Term SOFR plus XX, plus the margin. 0.30 0.30 0.30 1,800,000,000 1,800,000,000 1,800,000,000 200 2