FMC CORP

Listed Company

FMCCIK 0000037785NYSELarge AcceleratedChemicals & Allied ProductsDelawareFY ends Dec 31

Period

FY 2025

Revenue

$3.47B

Net Income

$-2.24B

Total Assets

$9.69B

Equity

$2.07B

Shares Out

125.05M

Op. Cash Flow

$-6.20M

Business

FMC CORP is a global agricultural sciences company that develops and commercializes crop protection and plant health solutions for farmers. It offers insecticides, herbicides, fungicides, biologicals, crop nutrition, seed treatments and precision agriculture technologies. Key business areas include its core synthetic crop protection portfolio, a growth pipeline of novel active ingredients and formulations (including diamide chemistries), a Plant Health business with biologicals and pheromones, FMC Precision Agriculture and a venture arm for strategic investments. Products are sold worldwide through direct sales, distributors, retailers, co-ops and strategic alliances.

Summary from filing dated 2025-02-28

Financials

Consolidated Statement of Income

Year Ended · In millions, except per-share amounts

Concept	FY 2025 2025-12-31	FY 2024 2024-12-31	FY 2023 2023-12-31	FY 2022 2022-12-31	FY 2021 2021-12-31
Revenue	3,467	4,246	4,487	5,802	5,045
Costs of sales and services	2,184	2,597	2,656	3,476	2,884
Gross margin	1,283	1,649	1,831	2,327	2,161
Selling, general and administrative expenses	685	645	734	775	714
Research and development expenses	266	278	329	314	305
Restructuring and other charges (income)	1,960	220	212	93	108
Total costs and expenses	5,096	3,740	3,931	4,658	4,011
Income (loss) from continuing operations before non-operating pension, postretirement and other charges (income), interest expense, net and income taxes	−1,628	507	556	1,144	1,035
Non-operating pension, postretirement and other charges (income)	19	18	18	9	6
Interest expense, net	240	236	237	152	—
Income (loss) from continuing operations before income taxes	−1,887	253	300	984	898
Provision (benefit) for income taxes	314	−151	−1,119	145	93
Income (loss) from continuing operations	−2,201	403	1,420	839	805
Discontinued operations, net of income taxes	−37	−62	−99	−97	−68
Net income (loss)	−2,237	342	1,321	742	737
Less: Net income (loss) attributable to noncontrolling interests	2	500,000	−500,000	5	−3
Net income (loss) attributable to FMC stockholders	−2,239	341	1,322	737	740
Continuing operations, net of income taxes	−2,202	403	1,420	834	808
Discontinued operations, net of income taxes	−37	−62	−99	−97	−68
Continuing operations (in dollars per share)	−17.59	3.22	11.34	6.6	6.29
Discontinued operations (in dollars per share)	−0.29	−0.49	−0.79	−0.77	−0.53
Net income (loss) attributable to FMC stockholders (in dollars per share)	−17.88	2.73	10.55	5.83	5.76
Continuing operations (in dollars per share)	−17.59	3.21	11.31	6.58	6.26
Discontinued operations (in dollars per share)	−0.29	−0.49	−0.78	−0.77	−0.53
Net income (loss) attributable to FMC stockholders (in dollars per share)	−17.88	2.72	10.53	5.81	5.73

Consolidated Balance Sheet

As of · In millions, except per-share amounts

Concept	FY 2025 2025-12-31	FY 2024 2024-12-31	FY 2023 2023-12-31	FY 2022 2022-12-31	FY 2021 2021-12-31
Cash and cash equivalents	585	357	302	572	517
Trade receivables, net of allowance of $43.3 in 2025 and $39.4 in 2024	2,062	2,903	2,703	2,871	2,584
Inventories	1,220	1,202	1,725	1,652	1,522
Prepaid and other current assets	481	496	399	344	431
Assets held for sale	612	0	—	—	—
Total current assets	4,959	4,958	5,129	5,439	5,054
Investments	20	26	20	15	9
Property, plant and equipment, net	707	850	893	850	817
Goodwill	0	1,507	1,594	1,589	1,463
Other intangibles, net	2,362	2,361	2,465	2,508	2,522
Other assets including long-term receivables, net	423	428	490	561	614
Deferred income taxes	1,216	1,524	1,337	211	194
Total assets	9,687	11,653	11,926	11,171	10,673
Short-term debt and current portion of long-term debt	1,305	337	934	541	441
Accounts payable, trade and other	771	769	602	1,252	1,135
Advance payments from customers	453	454	482	681	631
Accrued and other liabilities	574	755	685	602	631
Accrued customer rebates	417	490	481	465	407
Guarantees of vendor financing	46	86	70	142	206
Accrued pension and other postretirement benefits, current	3	6	6	2	4
Income taxes	24	123	124	115	65
Liabilities held for sale	162	0	—	—	—
Total current liabilities	3,755	3,019	3,385	3,800	3,520
Long-term debt, less current portion	2,770	3,028	3,024	2,733	2,732
Accrued pension and other postretirement benefits, long-term	21	19	24	32	42
Environmental liabilities, continuing and discontinued	600	521	495	439	416
Deferred income taxes	54	86	158	322	342
Other long-term liabilities	388	471	407	445	477
Commitments and contingent liabilities (Note 19)	—	—	—	—	—
Preferred stock, no par value, authorized 5,000,000 shares; no shares issued in 2025 or 2024	0	0	0	0	0
Common stock, $0.10 par value, authorized 260,000,000 shares in 2025 and 2024; 185,983,792 shares issued in 2025 and 2024	19	19	19	19	19
Capital in excess of par value of common stock	972	967	936	909	880
Retained earnings	4,170	6,638	6,587	5,556	5,093
Accumulated other comprehensive income (loss)	−369	−411	−407	−460	−326
Treasury stock, common, at cost, 61,049,736 shares in 2025 and 61,142,890 shares in 2024	−2,721	−2,725	−2,724	−2,646	—
Total FMC stockholders equity	2,072	4,488	4,411	3,378	3,124
Noncontrolling interests	27	21	23	23	19
Total equity	2,099	4,509	4,433	3,401	3,144
Total liabilities and equity	9,687	11,653	11,926	11,171	10,673

Consolidated Statement of Cash Flows

Year Ended · In millions, except per-share amounts

Concept	FY 2025 2025-12-31	FY 2024 2024-12-31	FY 2023 2023-12-31	FY 2022 2022-12-31	FY 2021 2021-12-31
Depreciation and amortization	174	176	184	169	171
Restructuring and other charges (income)	1,960	220	212	93	108
Non-cash commercial actions for India held for sale business	320	0	0	—	—
Deferred income taxes	305	−340	−1,293	−53	11
Pension and other postretirement benefits	14	20	21	13	11
Share-based compensation	24	24	26	24	18
Trade receivables, net	228	−349	192	−444	—
Guarantees of vendor financing	−40	16	−72	−64	66
Advance payments from customers	−2	−27	−199	52	284
Accrued customer rebates	−59	31	16	70	109
Inventories	−156	476	−73	−182	−321
Accounts payable, trade and other	20	172	−626	165	144
Income taxes	−186	−5	−63	19	−90
Pension and other postretirement benefit contributions	−4	−6	−2	−5	−5
Environmental spending, continuing, net of recoveries	−33	−35	−35	−27	−64
Restructuring and other spending	−112	−130	−30	−35	−35
Change in other operating assets and liabilities, net	−259	91	22	26	−62
Cash provided (required) by operating activities of continuing operations	−6	737	−300	660	899
Environmental spending, discontinued, net of recoveries	−42	−52	−55	−47	−58
Other discontinued spending	−32	−14	−32	−31	−21
Cash provided (required) by operating activities of discontinued operations	−74	−66	−86	−78	−79
Capital expenditures	−96	−68	−134	−142	−100
Acquisitions, including cost and equity method, net	−3	−5	−17	—	—
Proceeds from (disbursements for) the sale of the GSS business	−12	—	—	—	—
Proceeds from (disbursements for) the sale of the GSS business	—	340	0	0	20
Proceeds from land disposition	0	0	6	51	0
Other investing activities	11	−4	−10	24	−14
Cash provided (required) by investing activities of continuing operations	−100	264	−154	−266	—
Increase (decrease) in short-term debt	460	−577	401	115	105
Proceeds from borrowing of long-term debt	750	0	1,499	0	1,000
Financing fees and premiums (7)	−16	0	−800,000	16	−2
Repayments of long-term debt	−501	0	−1,200	−1	−1,203
Acquisitions of noncontrolling interests	−9	0	0	0	0
Distributions to noncontrolling interests	−5	−700,000	−600,000	0	0
Dividends paid	−291	−291	−291	−268	−247
Issuances of common stock, net	200,000	200,000	5	9	—
Repurchases of common stock under publicly announced program	0	0	−75	−100	−400
Other repurchases of common stock	−2	−2	−6	−9	—
Cash provided (required) by financing activities of continuing operations	386	−870	332	−237	−748
Effect of exchange rate changes on cash and cash equivalents	21	−10	−60	−23	−12
Increase (decrease) in cash and cash equivalents	227	55	−270	55	−52

Filings

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