Opening its latest reports…Reading every line of the four statements…Putting it into plain words…
CTVACorteva, Inc.
The four financial statements
Every company that sells shares in the US files four statements with the SEC. Together they show whether Corteva made money, what it owns and owes, where its cash went, and what changed for its shareholders. Below is every line exactly as Corteva filed it, with what each one means in plain English.
As filed with the SEC on Feb 12, 2026 · the full report · SEC's figures viewer
Income statement · also called the statement of operations, statement of earnings or profit and loss
Did it make money?
Read it from the top down. It starts with everything customers paid (sales), takes away the cost of making what was sold, then the costs of running the company, then interest and tax. What is left at the bottom is profit (net income), the part that belongs to shareholders. It covers a stretch of time: a year, or a quarter.
- People usually check: Are sales growing compared with a year earlier?
- People usually check: How much of each dollar of sales is left at each step (the margins)?
- People usually check: Is profit growing faster or slower than sales?
Point at or tap a bar to see the lines inside it.
Out of every $100 of sales
- costs, and money set aside for bad loans: $90
- income tax: $3
- kept as profit: $6.3
Every line, explained
| Line (tap for what it means) | 12 months to Dec 31, 2025 | 12 months to Dec 31, 2024 | 12 months to Dec 31, 2023 |
|---|---|---|---|
| $17.4B▲ 2.9% | $16.9B | $17.2B | |
| $9.2B▼ 3.7% | $9.5B | $9.9B | |
| $1.5B▲ 5.1% | $1.4B | $1.3B | |
| $3.5B▲ 9.3% | $3.2B | $3.2B | |
| $644.0M▼ 6.0% | $685.0M | $683.0M | |
| $146.0M▼ 49% | $288.0M | $336.0M | |
| $35.0M | $0 | $0 | |
| – | – | – | |
| −$570.0M▼ 90% | −$300.0M | −$448.0M | |
| $180.0M▼ 23% | $233.0M | $233.0M | |
| $1.7B▲ 32% | $1.3B | $1.1B | |
| $484.0M▲ 17% | $412.0M | $152.0M | |
| $1.2B▲ 40% | $863.0M | $941.0M | |
| −$99.0M | $56.0M | −$194.0M | |
| $1.1B▲ 20% | $919.0M | $747.0M | |
| $11.0M▼ 8.3% | $12.0M | $12.0M | |
| $1.1B▲ 21% | $907.0M | $735.0M | |
| $1.8M▲ 42% | $1.2M | $1.3M | |
| −$150.0K | $80.0K | −$270.0K | |
| $1.60▲ 22% | $1.31 | $1.04 | |
| $1.8M▲ 43% | $1.2M | $1.3M | |
| −$150.0K | $80.0K | −$270.0K | |
| $1.60▲ 23% | $1.30 | $1.03 |
Split by EIDP
| EIDP | |||
|---|---|---|---|
| Sales (Net Sales) | $17.4B | $16.9B | $17.2B |
| Cost of making what it sold (Cost of Goods Sold) | $9.2B | $9.5B | $9.9B |
| Research and development (Research and Development Expense) | $1.5B | $1.4B | $1.3B |
| Selling and running costs (SG&A) (Selling, General and Administrative Expense) | $3.5B | $3.2B | $3.2B |
| Spreading the cost of bought patents and brands (amortization) (Amortization of Intangibles) | $644.0M | $685.0M | $683.0M |
| Restructuring costs (Restructuring and asset related charges - net) | $146.0M | $288.0M | $336.0M |
| Other item (Business Separation Costs) | $35.0M | $0 | $0 |
| Other income and costs (Other income (expense) - net) | −$570.0M | −$261.0M | −$448.0M |
| Interest paid (Interest Expense) | $180.0M | $233.0M | $253.0M |
| Profit before tax (Income (loss) from continuing operations before income taxes) | $1.7B | $1.3B | $1.1B |
| Income tax (Provision for (benefit from) income taxes on continuing operations) | $484.0M | $421.0M | $147.0M |
| Income tax (Income (loss) from continuing operations after income taxes) | $1.2B | $893.0M | $926.0M |
| Profit or loss from businesses being sold or closed (Income (loss) from discontinued operations after income taxes) | −$99.0M | $56.0M | −$194.0M |
| Profit, including partners' share (Net income (loss)) | $1.1B | $949.0M | $732.0M |
| Profit belonging to partners (non-controlling interest) (Net income (loss) attributable to noncontrolling interests) | – | $2.0M | $2.0M |
| Profit (net income) (Net Income (Loss) attributable to Company) | $1.1B | $947.0M | $730.0M |
Every line as the company filed it (USD ($), $ in Millions), shown in full dollars. See this statement on SEC.
Extra: What other gains and losses were there?Statement of comprehensive income: Profit, plus gains and losses that skip the income statement.
Some value changes don't count as profit yet: currency moves on businesses abroad, rises or falls in investments it hasn't sold, and some hedges and pension changes. They are added to profit here to give comprehensive income, and they build up in shareholders' equity.
Every line, explained
| Line (tap for what it means) | 12 months to Dec 31, 2025 | 12 months to Dec 31, 2024 | 12 months to Dec 31, 2023 |
|---|---|---|---|
| $1.1B | $919.0M | $747.0M | |
| $867.0M | −$1.0B | $425.0M | |
| $6.0M | −$6.0M | $0 | |
| −$23.0M | $71.0M | −$135.0M | |
| $672.0M | −$792.0M | $129.0M | |
| $1.8B | $127.0M | $876.0M | |
| $11.0M | $12.0M | $12.0M | |
| $1.8B | $115.0M | $864.0M |
Split by EIDP, Pension Plan, Pension Plan | EIDP, Other Benefit Plans and more
| EIDP | |||
|---|---|---|---|
| Profit, including partners' share (Net income (loss)) | $1.1B | $949.0M | $732.0M |
| Effect of currency moves on overseas businesses (Cumulative Translation Adjustments) | $867.0M | −$1.0B | $425.0M |
| Value changes not yet cashed in (Unrealized Gain (Loss) on Investments) | $6.0M | −$6.0M | $0 |
| Hedges (Derivative Instruments) | −$23.0M | $71.0M | −$135.0M |
| Other gains and losses not in profit (other comprehensive income) (Total other comprehensive income (loss)) | $672.0M | −$792.0M | $129.0M |
| Partners' share (non-controlling interest) (Comprehensive Income (Loss)) | $1.8B | $157.0M | $861.0M |
| Partners' share (non-controlling interest) (Comprehensive Income Attributable to Noncontrolling Interest- net of tax) | $1.0M | $2.0M | $2.0M |
| Profit plus other gains and losses (comprehensive income) (Comprehensive Income (Loss) Attributable to Company) | $1.8B | $155.0M | $859.0M |
| Pension Plan | |||
| Pension plan adjustments (Adjustments to other benefit plans) | −$152.0M | $127.0M | −$190.0M |
| Pension Plan | EIDP | |||
| Pension plan adjustments (Adjustments to other benefit plans) | −$152.0M | $127.0M | −$190.0M |
| Other Benefit Plans | |||
| Pension plan adjustments (Adjustments to other benefit plans) | −$26.0M | $30.0M | $29.0M |
| Other Benefit Plans | EIDP | |||
| Pension plan adjustments (Adjustments to other benefit plans) | −$26.0M | $30.0M | $29.0M |