MIRA INFORM REPORT

 

 

Report Date :

12.12.2013

 

IDENTIFICATION DETAILS

 

Name :

ARCHER DANIELS MIDLAND COMPANY 

 

 

Registered Office :

4666 Faries Parkway, Decatur, IL 62526

 

 

Country :

United States 

 

 

Financials (as on) :

31.12.2012

 

 

Date of Incorporation :

02.05.1923

 

 

Legal Form :

Public Parent Company

 

 

Line of Business :

·         processing of oilseeds, corn, wheat, cocoa, and other agricultural commodities.

·         manufacturer of protein meal, vegetable oil, corn sweeteners, flour, biodiesel, ethanol, and other value-added food and feed ingredients.

·         Subject also has a grain elevator and transportation network to procure, store, clean, and transport agricultural commodities, such as oilseeds, corn, wheat, milo, oats, and barley, as well as processed agricultural commodities

 

 

No. of Employees :

30,600

 

RATING & COMMENTS

 

MIRA’s Rating :

Ba

 

RATING

STATUS

PROPOSED CREDIT LINE

41-55

Ba

Overall operation is considered normal. Capable to meet normal commitments.

Satisfactory

 

Status :

Good

 

 

Payment Behaviour :

Regular

 

 

Litigation :

Clear

 

 

NOTES :

Any query related to this report can be made on e-mail: infodept@mirainform.com while quoting report number, name and date.

 

ECGC Country Risk Classification List – September 30th, 2013

 

Country Name

Previous Rating

(30.06.2013)

Current Rating

(30.09.2013)

United States 

A1

A1

 

Risk Category

ECGC Classification

Insignificant

 

A1

Low

 

A2

Moderate

 

B1

High

 

B2

Very High

 

C1

Restricted

 

C2

Off-credit

 

D

 

 


 

united StaTes ECONOMIC OVERVIEW

 

The US has the largest and most technologically powerful economy in the world, with a per capita GDP of $49,800. In this market-oriented economy, private individuals and business firms make most of the decisions, and the federal and state governments buy needed goods and services predominantly in the private marketplace. US business firms enjoy greater flexibility than their counterparts in Western Europe and Japan in decisions to expand capital plant, to lay off surplus workers, and to develop new products. At the same time, they face higher barriers to enter their rivals' home markets than foreign firms face entering US markets. US firms are at or near the forefront in technological advances, especially in computers and in medical, aerospace, and military equipment; their advantage has narrowed since the end of World War II. The onrush of technology largely explains the gradual development of a "two-tier labor market" in which those at the bottom lack the education and the professional/technical skills of those at the top and, more and more, fail to get comparable pay raises, health insurance coverage, and other benefits. Since 1975, practically all the gains in household income have gone to the top 20% of households. Since 1996, dividends and capital gains have grown faster than wages or any other category of after-tax income. Imported oil accounts for nearly 55% of US consumption. Crude oil prices doubled between 2001 and 2006, the year home prices peaked; higher gasoline prices ate into consumers' budgets and many individuals fell behind in their mortgage payments. Oil prices climbed another 50% between 2006 and 2008, and bank foreclosures more than doubled in the same period. Besides dampening the housing market, soaring oil prices caused a drop in the value of the dollar and a deterioration in the US merchandise trade deficit, which peaked at $840 billion in 2008. The sub-prime mortgage crisis, falling home prices, investment bank failures, tight credit, and the global economic downturn pushed the United States into a recession by mid-2008. GDP contracted until the third quarter of 2009, making this the deepest and longest downturn since the Great Depression. To help stabilize financial markets, in October 2008 the US Congress established a $700 billion Troubled Asset Relief Program (TARP). The government used some of these funds to purchase equity in US banks and industrial corporations, much of which had been returned to the government by early 2011. In January 2009 the US Congress passed and President Barack OBAMA signed a bill providing an additional $787 billion fiscal stimulus to be used over 10 years - two-thirds on additional spending and one-third on tax cuts - to create jobs and to help the economy recover. In 2010 and 2011, the federal budget deficit reached nearly 9% of GDP. In 2012 the federal government reduced the growth of spending and the deficit shrank to 7.6% of GDP. Wars in Iraq and Afghanistan required major shifts in national resources from civilian to military purposes and contributed to the growth of the budget deficit and public debt. Through 2011, the direct costs of the wars totaled nearly $900 billion, according to US government figures. US revenues from taxes and other sources are lower, as a percentage of GDP, than those of most other countries. In March 2010, President OBAMA signed into law the Patient Protection and Affordable Care Act, a health insurance reform that will extend coverage to an additional 32 million American citizens by 2016, through private health insurance for the general population and Medicaid for the impoverished. Total spending on health care - public plus private - rose from 9.0% of GDP in 1980 to 17.9% in 2010. In July 2010, the president signed the DODD-FRANK Wall Street Reform and Consumer Protection Act, a law designed to promote financial stability by protecting consumers from financial abuses, ending taxpayer bailouts of financial firms, dealing with troubled banks that are "too big to fail," and improving accountability and transparency in the financial system - in particular, by requiring certain financial derivatives to be traded in markets that are subject to government regulation and oversight. In December 2012, the Federal Reserve Board announced plans to purchase $85 billion per month of mortgage-backed and Treasury securities in an effort to hold down long-term interest rates, and to keep short term rates near zero until unemployment drops to 6.5% from the December rate of 7.8%, or until inflation rises above 2.5%. Long-term problems include stagnation of wages for lower-income families, inadequate investment in deteriorating infrastructure, rapidly rising medical and pension costs of an aging population, energy shortages, and sizable current account and budget deficits - including significant budget shortages for state governments.

 

Source : CIA

 


Company name & address

 

Archer Daniels Midland Company

4666 Faries Parkway

Decatur, IL 62526

United States

 

Tel:                   217-424-4798

Fax:                  302-655-5049

Toll Free:           (800) 637-5843

Web:                www.adm.com

 

 

Synthesis  

 

Employees:                  30,600

Company Type:             Public Parent

Corporate Family:          463 Companies

Traded:                         New York Stock Exchange:        ADM

Incorporation Date:         02-May-1923

Auditor:                        Ernst & Young LLP

Financials in:                 USD (Millions)

 Fiscal Year End:           31-Dec-2012

Reporting Currency:       US Dollar

Annual Sales:               46,729.0  1

Net Income:                   692.0

Total Assets:                45,136.0  2

Market Value:               27,542.6 (22-Nov-2013)

 

 

Business Description     

 

Archer-Daniels-Midland-Company, is engaged in the processing of oilseeds, corn, wheat, cocoa, and other agricultural commodities. The Company manufactures protein meal, vegetable oil, corn sweeteners, flour, biodiesel, ethanol, and other value-added food and feed ingredients. The Company also has a grain elevator and transportation network to procure, store, clean, and transport agricultural commodities, such as oilseeds, corn, wheat, milo, oats, and barley, as well as processed agricultural commodities. Its operations are classified into three business segments: Oilseeds Processing, Corn Processing, and Agricultural Services. In January 2012, the Company acquired three grain elevators in Slovakia from the companies Palma Group a.s. and Polnonakup Hont a.s. In October 2012, the Company acquired 10% interest in GrainCorp Ltd. For the nine months ended 30 September 2013, Archer Daniels Midland Company revenues decreased 2% to $65.66B. Net income increased 34% to $968M. Revenues reflect Other segment decrease of 94% to $101M. Net income reflects Oilseeds Processing segment income increase from $253M to $995M, Corn Processing segment income totaling $535M vs. loss of $133M, Agricultural Services segment income increase from $158M to $334M.


Industry             

Industry            Food Manufacturing

ANZSIC 2006:    1161 - Grain Mill Product Manufacturing

ISIC Rev 4:        1061 - Manufacture of grain mill products

NACE Rev 2:     1061 - Manufacture of grain mill products

NAICS 2012:     311211 - Flour Milling

UK SIC 2007:    10611 - Grain milling

US SIC 1987:    2041 - Flour and Other Grain Mill Products

 

           

Key Executives 

(Emails Available)       

 

Name

Title

Patricia A. Woertz

Chairman of the Board, President, Chief Executive Officer

Mark A. Bemis

Senior Vice President and President, Corn Business Unit

Ray G. Young

Chief Financial Officer, Senior Vice President

Stuart E. Funderburg

Assistant Secretary, Assistant General Counsel

Kevin L. Hess

Vice President - Oilseeds Processing Production Operations

 

 

Financial Summary

             

 

As of 30-Sep-2013

Key Ratios

Company

Industry

Current Ratio (MRQ)

1.90

1.53

Quick Ratio (MRQ)

1.22

0.78

Debt to Equity (MRQ)

0.35

1.14

Net Profit Margin (TTM) %

1.64

7.06

Return on Assets (TTM) %

3.45

7.05

Return on Equity (TTM) %

7.83

21.45


Stock Snapshot

             

 

Traded: New York Stock Exchange: ADM

 

As of 22-Nov-2013

   Financials in: USD

Recent Price

41.86

 

Dividend Rate

0.76

52 Week High

42.14

 

Price/Earnings

16.48

52 Week Low

26.21

 

Price/Book

1.46

Avg. Volume (mil)

4.33

 

Beta

0.61

Market Value (mil)

27,542.63

 

 

 

 

Price % Change

Rel S&P 500%

4 Week

4.83%

2.21%

13 Week

15.38%

6.35%

52 Week

58.62%

22.26%

Year to Date

52.83%

20.78%

 

1 - Profit & Loss Item Exchange Rate: USD 1 = USD 1

2 - Balance Sheet Item Exchange Rate: USD 1 = USD 1

 

 

Corporate Overview

 

Location

4666 Faries Parkway

Decatur, IL, 62526

Macon County

United States

Tel:                   217-424-4798

Fax:                  302-655-5049

Toll Free Tel:     (800) 637-5843

Web:                www.adm.com

           

Quote Symbol - Exchange

ADM - New York Stock Exchange

 

Sales USD(mil):             46,729.0

Assets USD(mil):           45,136.0

Employees:                   30,600

Fiscal Year End:            31-Dec-2012

Industry:                        Food Processing

Incorporation Date:         02-May-1923

Company Type:             Public Parent

Quoted Status:              Quoted

 

Chairman of the Board, President, Chief Executive Officer:

Patricia A. Woertz

 

Industry Codes

ANZSIC 2006 Codes:

1161     -          Grain Mill Product Manufacturing

1150     -          Oil and Fat Manufacturing

1182     -          Confectionery Manufacturing

 

ISIC Rev 4 Codes:

1061     -          Manufacture of grain mill products

1062     -          Manufacture of starches and starch products

1040     -          Manufacture of vegetable and animal oils and fats

1073     -          Manufacture of cocoa, chocolate and sugar confectionery

 

NACE Rev 2 Codes:

1061     -          Manufacture of grain mill products

1082     -          Manufacture of cocoa, chocolate and sugar confectionery

1062     -          Manufacture of starches and starch products

1042     -          Manufacture of margarine and similar edible fats

1041     -          Manufacture of oils and fats

 

NAICS 2012 Codes:

311211  -          Flour Milling

311224  -          Soybean and Other Oilseed Processing

311351  -          Chocolate and Confectionery Manufacturing from Cacao Beans

311221  -          Wet Corn Milling

311225  -          Fats and Oils Refining and Blending

 

US SIC 1987:

2041     -          Flour and Other Grain Mill Products

2079     -          Shortening, Table Oils, Margarine, and Other Edible Fats and Oils, Not Elsewhere Classified

2075     -          Soybean Oil Mills

2046     -          Wet Corn Milling

2066     -          Chocolate and Cocoa Products

 

UK SIC 2007:

10611   -          Grain milling

1041     -          Manufacture of oils and fats

1062     -          Manufacture of starches and starch products

1042     -          Manufacture of margarine and similar edible fats

10821   -          Manufacture of cocoa, and chocolate confectionery

 

Business Description

Archer-Daniels-Midland-Company, incorporated on February 5, 1923, is engaged in the processing of oilseeds, corn, wheat, cocoa, and other agricultural commodities. The Company manufactures protein meal, vegetable oil, corn sweeteners, flour, biodiesel, ethanol, and other value-added food and feed ingredients. The Company also has a grain elevator and transportation network to procure, store, clean, and transport agricultural commodities, such as oilseeds, corn, wheat, milo, oats, and barley, as well as processed agricultural commodities. Its operations are classified into three business segments: Oilseeds Processing, Corn Processing, and Agricultural Services. The Company has a 50% interest in Edible Oils Limited, a joint venture between the Company and Princes Limited to procure, package, and sell edible oils in the United Kingdom. It also formed a joint venture with Princes Limited in Poland to procure, package, and sell edible oils in Poland, Czech Republic, Slovakia, Hungary, and Austria. In January 2012, the Company acquired three grain elevators in Slovakia from the companies Palma Group a.s. and Polnonakup Hont a.s. In October 2012, the Company acquired 10% interest in GrainCorp Ltd.

 

Oilseeds Processing

The Oilseeds Processing segment includes activities related to the origination, merchandising, crushing, and further processing of oilseeds, such as soybeans and soft seeds (cottonseed, sunflower seed, canola, rapeseed, and flaxseed) into vegetable oils and protein meals. Oilseeds products produced and marketed by the Company include ingredients for the food, feed, energy, and other industrial products industries. Crude vegetable oils produced by the segment’s are sold as is or are further processed by refining, blending, bleaching, and deodorizing into salad oils. Salad oils are sold as is or are further processed by hydrogenating and/or interesterifying into margarine, shortening, and other food products. Partially refined oils are used to produce biodiesel or are sold to other manufacturers for use in chemicals, paints, and other industrial products. Oilseed protein meals are sold to third parties to be used as ingredients in commercial livestock and poultry feeds.

 

The Oilseeds Processing segment produces natural health and nutrition products and other food and feed ingredients. In North America, cottonseed flour is produced and sold primarily to the pharmaceutical industry and cotton cellulose pulp is manufactured and sold to the chemical, paper, and filter markets. In South America, the Oilseeds Processing segment operates fertilizer blending facilities.

 

The Company has a 16.4% ownership interest in Wilmar International Limited (Wilmar), a Singapore publicly listed company. Wilmar, is a agribusiness group in Asia, is engaged in the businesses of oil palm cultivation, oilseeds crushing, edible oils refining, sugar, consumer pack edible oils processing and merchandising, specialty fats, oleo chemicals, biodiesel, fertilizers and soy protein manufacturing, rice and flour milling, and grains merchandising. Stratas Foods LLC, a joint venture between the Company and ACH Jupiter, LLC, a subsidiary of Associated British Foods, procures, packages, and sells edible oils in North America. The Company has a 50% ownership interest in this joint venture. The Company is a supplier of agricultural commodity raw materials to Wilmar, Edible Oils Limited, and Stratas Foods LLC.

 

Corn Processing

The Company’s Corn Processing segment is engaged in corn wet milling and dry milling activities, primarily located in the United States. The Corn Processing segment converts corn into sweeteners, starches and bioproducts. Its products include ingredients used in the food and beverage industry, including sweeteners, starch, syrup, glucose, and dextrose. Dextrose and starch are used by the Corn Processing segment as feedstocks for its bioproducts operations. By fermentation of dextrose, the Corn Processing segment produces alcohol, amino acids, and other specialty food and animal feed ingredients.

 

Ethyl alcohol is produced by the Company for industrial use as ethanol or as beverage grade. The Corn Processing segment also includes amino acids such as lysine and threonine that are vital compounds used in swine feeds to produce leaner animals and in poultry feeds . Corn gluten feed and meal, as well as distillers’ grains, is produced for use as animal feed ingredients. Corn germ, a by-product of the wet milling process, is further processed into vegetable oil and protein meal. Other Corn Processing products include citric and lactic acids, lactates, sorbitol, xanthan gum and glycols, which are used in various food and industrial products. The Corn Processing segment includes the activities of a propylene and ethylene glycol facility and the Company's Brazilian sugarcane ethanol plant and related activities.

 

Almidones Mexicanos S.A., in which the Company has a 50% interest, operates wet corn milling plants in Bulgaria, Hungary, Slovakia, and Turkey. The Company has a 40% ownership interest in this joint venture in Red Star Yeast Company, LLC, which produces and sells fresh and dry yeast in the United States and Canada.

 

Agricultural Services

The Agricultural Services segment utilizes its United States grain elevator and global transportation network to buy, store, clean, and transport agricultural commodities, such as oilseeds, corn, wheat, milo, oats, rice, and barley, and resells these commodities primarily as food and feed ingredients and as raw materials for the agricultural processing industry. Agricultural Services’ transportation network capabilities include truck, rail, barge, port, and ocean-going vessel handling and freight services. The Agricultural Services segment also includes the activities related to the origination and processing of wheat into wheat flour, the processing and distribution of formula feeds and animal health and nutrition products, and the procurement, processing, and distribution of edible beans. Alfred C. Toepfer International (Toepfer), in which the Company has an 80% interest, is a global merchandiser of agricultural commodities and processed products. Toepfer has 38 sales offices worldwide and operates inland, river, and export facilities in Argentina, Romania, Ukraine, and the United States. The Company has a 45% interest in Kalama Export Company, a grain export elevator in Washington.

 

Other

Other includes the Company’s remaining processing operations primarily its financial business units, related principally to futures commission merchant activities and captive insurance. Captive insurance, which includes Agrinational Insurance Company (Agrinational), a wholly owned subsidiary of the Company, provides insurance coverage for certain property, casualty, marine, credit, and other miscellaneous risks of the Company and participates in certain third-party reinsurance arrangements. On September 30, 2011, the Company sold a majority ownership interest of Hickory Point Bank and Trust Company, fsb (Bank).

 

More Business Descriptions

Archer-Daniels-Midland-Company, is engaged in the processing of oilseeds, corn, wheat, cocoa, and other agricultural commodities. The Company manufactures protein meal, vegetable oil, corn sweeteners, flour, biodiesel, ethanol, and other value-added food and feed ingredients. The Company also has a grain elevator and transportation network to procure, store, clean, and transport agricultural commodities, such as oilseeds, corn, wheat, milo, oats, and barley, as well as processed agricultural commodities. Its operations are classified into three business segments: Oilseeds Processing, Corn Processing, and Agricultural Services. In January 2012, the Company acquired three grain elevators in Slovakia from the companies Palma Group a.s. and Polnonakup Hont a.s. In October 2012, the Company acquired 10% interest in GrainCorp Ltd. For the nine months ended 30 September 2013, Archer Daniels Midland Company revenues decreased 2% to $65.66B. Net income increased 34% to $968M. Revenues reflect Other segment decrease of 94% to $101M. Net income reflects Oilseeds Processing segment income increase from $253M to $995M, Corn Processing segment income totaling $535M vs. loss of $133M, Agricultural Services segment income increase from $158M to $334M.

 

Agricultural Commodities Processor

Establishments primarily engaged in milling flour or meal from grain, except rice. The products of flour mills may be sold plain or in the form of prepared mixes or doughs for specific purposes.

 

Archer Daniels Midland Company (ADM) provides food ingredients, animal nutrition biofuels and other products. The company operates as processors of oilseeds, corn, wheat, cocoa, and other feedstuffs. It also manufactures soybean oil and protein meal; corn sweeteners; flour; biodiesel; ethanol, and other value-added food and feed ingredients. ADM operates more than 270 processing plants and 420 crop procurement facilities. The company markets its products in more than 75 countries including the US, Canada, Latin America, Europe, Asia, Pacific Rim and Africa.The company operates business in three reportable segments, namely, Oilseeds Processing; Corn Processing; and Agricultural Services.The company through Oilseeds Processing segment, deals with the crushing and processing of soybeans, canola, sunflower seeds, palm, cotton, peanut, coconut and other oilseeds and flaxseed into vegetable oils and protein meals. It also produces edible soy protein products, including soy flour, soy grits, soy protein concentrates, and soy isolates; natural source vitamin E, tocopherol antioxidants, and phytosterols; and soy isoflavones, as well as sells salad oils, refined oil, oilseed meals, cottonseed flour, and cotton cellulose pulp. The segment also manufactures other specialty food and feed ingredients and natural health and nutrition products. In North America, cotton cellulose pulp is sold to the chemical, paper, and filter markets and cottonseed flour is sold mainly to the the pharmaceutical industry. In South America, the segment operates fertilizer blending facilities. The Oilseed segment is one of the world’s largest processors of oilseeds with its operations in the US, Europe, China and other important global markets. For the fiscal year ended June 2012, the Oilseeds Processing segment reported operating profit of $1,302m, indicating a decrease of 22.96% over $1,690m in 2011.Through Corn Processing segment, the company engages in wet milling and dry milling corn operations. It produces syrup, starch, glucose, dextrose, and sweeteners; corn gluten feed and meal, and distiller’s grains; corn germ; and alcohol, amino acids, and other food and animal feed ingredients. The ethyl alcohol product finds application in industries as ethanol and its amino acids such as lysine and threonine are used in swine feeds. The corn gluten feed and meal are used in animal feed ingredients. The company further process corn germ product into vegetable oil and protein meal. The company's other corn processing products include citric and lactic acids, sorbitol, xanthan gum, which are utilized in various food and industrial products. The segment includes propylene and ethylene glycol facility and comprises sugarcane operations of Brazil. For the fiscal year ended June 2012, the Corn Processing segment reported operating profit of $261m, indicating a decline of 75.8% over $1,079m in 2011.The company, through Agricultural Services segment purchases, stores, cleans, and transports agricultural commodities, such as oilseeds, corn, wheat, milo, oats, and barley, and resells these as animal feed ingredients and as raw materials for the agricultural processing industry. The segment’s transportation network capabilities include ground, river, rail, and ocean services. Its grain sourcing and transportation network provides reliable and efficient services to the company’s agricultural processing operations. The segment also includes operations related to the processing and distributing of animal health and nutrition products and formula feeds, and the procuring, processing, and distributing of edible beans. For the fiscal year ended June 2012, the Agricultural Services segment reported operating profit of $947m, indicating a decrease of 28.4% over $1,323m in 2011.The company's Other segment operations include related to food and feed ingredient and financial service business. Food and feed ingredient include wheat processing with activities related to the production of wheat flour; and cocoa processing with activities related to the production of chocolate and cocoa products. Financial activities include banking, captive insurance, private equity fund investments, and futures commission merchant activities. ADM Investor Services, Inc, the company's subsidiary is a clearing member of several commodities exchanges in the US. ADM Investor Services International Limited is a member of principal clearing houses and commodities exchanges in Europe. Its subsidiary ADMIS Hong Kong Limited provides broker services in Europe and Asia. The company through Agrinational Insurance Company provides insurance coverage for property, casualty, marine, credit, and other risks of the company. It also provides crop insurance for farmers in the US and South America. For the fiscal year ended June 2012, the Other segment reported operating profit of $15m, indicating a decline of 61.5% over $39m in 2011.The company offers other products and services including specialty feed ingredients, corn oil, condensed fermented corn extractives, vitamin and trace mineral premixes for companion animals and plant serols. ADM is a international supplier of rice, including short, medium and long grain. It provides grain and farmer services and supply chain services. The company is a third-party logistics provider and have transportation networks in the world.ADM markets its products under different prominent brands including Ambrosia (chocolate products); CardioAid (plant sterols) ; deZaan (cocoa powders); Envirostrip (dry-stripping products); Evolution Chemicals (alternative products to petroleum-based chemicals); Merckens (premium chocolate brand); NovaLipid; Novasoy (Isoflavones); Nutrisoy (soy protein); and VegeFull (bean ingredients).ADM also focuses on research activities to develop custom fats and oils with low levels of trans fats. It is also working to develop vegetable oil products with reduced saturated fats. The company operates a research laboratory in Decatur, Illinois, where product and process development activities are conducted.In October 2012, the company acquired 14.9% interest in GrainCorp Limited, as part of its portfolio management initiatives. Through this acquisition, the company focuses on growing its agricultural services and oilseeds businesses. Moreover, as part of its portfolio management initiative, the company sold off its 23% interest in Gruma, S.A.B., and its equity investment in joint ventures. In October 2012, the company’s subsidiary, ADM Milling, announced its plan to expand its flour milling capacity of its wheat processing plant in Indianapolis, the US, increasing its capacity to 27,800 cwts. It also opened a new sweetener product transfer terminal in Tennessee. The company entered into an agreement to purchase a port terminal in Brazil, which could increase its grain export capacity, expanding its operations in Brazil. In October 2012, the company and Wilmar International Limited received the approval for their partnership in fields related to global ocean freight operations, fertilizer purchasing and distribution and tropical oils refining in Europe.In July 2012, the company announced an agreement to purchase a port terminal in the state of Para in Brazil. In June 2012, the company's wholly owned subsidiary ADM Alliance Nutrition, Inc. acquired assets of Liquid Feed Commodities, a privately owned company engages in producing and supplying liquid cattle feed supplements. In May 2012, the directors of the company approved a change to calendar-year financial reporting, effective January 2013. During the same month, ADM signed an agreement with Grupo Inesta. As per the agreement, the company distributes its products including specialty products under the brands of HAF and Alfredo Inesta. Further, ADM opened its first commercial-scale transparent isolated soy protein plant at Decatur, Illinois, the US.In April 2012, the company in partnership with KOST USA, Inc. developed biobased propylene glycol products. During the same month, the company opened new advantage center in Netherlands. The advantage center provides pilot facilities, technical demonstrations, chocolate and cocoa seminars. In March 2012, the company announced to build feed premix plant at Effingham, Illinois. In February 2012, ADM signed memorandum of understanding with Wilmar International Limited to partner in fields related to global ocean freight operations, fertilizer purchasing and distribution and tropical oils refining in Europe. During the same month 2012, the company's subsidiary ADM Polymer Corporation ended its commercial alliance with Metabolix, Inc. In January 2012, the company acquired three grain elevators in Slovakia from Polnonakup Hont a.s and Palma Group a.s.

 

Archer Daniels Midland Company (ADM) procures, transports, stores, processes and merchandises agricultural commodities and products. ADM is an agricultural processors of soy beans, corn, wheat and cocoa, which operates in alignment with farmers to convert these crops into soy meal and oil, corn sweeteners, flour, cocoa and chocolate, ethanol and biodiesel. In addition, the company through its subsidiaries provides commodities broking services; foreign exchange services; third party logistic services and participates in third-party reinsurance arrangements. Geographically, the company operates in the Americas, Europe, Asia, and Africa. ADM is headquartered in Decatur, Illinois, the US.The company reported revenues of (U.S. Dollars) USD 89,038.00 million during the fiscal year ended December 2012, an increase of 10.36% over 2011. The operating profit of the company was USD 1,765.00 million during the fiscal year 2012, a decrease of 41.46% from 2011. The net profit of the company was USD 1,223.00 million during the fiscal year 2012, a decrease of 39.93% from 2011.

 

Archer Daniels Midland is one of the world's largest agricultural processors of soybeans, corn, wheat and cocoa. The company works with farmers across the world to turn these crops into soy meal and oil, corn sweeteners, flour, cocoa and chocolate, ethanol and biodiesel, as well as a wide portfolio of other value-added food ingredients, animal nutrition and industrial products. The company's global transportation network, from Topeka, Kan., to Taiwan, and its facilities around the world combine to allow it to grow things where they grow best, and sell things where they're needed most. Founded in 1902 and incorporated in 1923, Archer Daniels Midland is headquartered in Decatur, Ill., and operates processing and manufacturing facilities throughout the world.

 

Product Codes

Product Code

Product Description

BIO-SV-LB

Bioprocessing services

CHE-AP-D

Food additives

PHA-VI

Vitamins

ZZZ-HC

Parent/Holding company

 

 

 

 Top

Brand/Trade Names

Alliance Nutrition - Animal feeds

Powermax - Vitamins and nutritional supplements

Forage First - Vitamins and nutritional supplements

Chief - Vegetables - dried

Tvc - Vegetables - canned

Counter - Flour - blended

Bioaid - Animal feed supplements

Proven Performance From Innovative Nutrition - Animal feeds

Centennial - Bakery products

Soy Shine - Animal feeds

Coyote - Vegetables - dried

Adm Alliance Nutrition - Animal feeds

Nutrisoy - Specialty foods - canned

 Top

Financial Data

Financials in:

USD(mil)

 

Revenue:

46,729.0

Net Income:

692.0

Assets:

45,136.0

Long Term Debt:

6,456.0

 

Total Liabilities:

26,216.0

 

Working Capital:

4.3

 

 

 

Date of Financial Data:

31-Dec-2012

 

1 Year Growth

-47.5%

-43.4%

8.1%

 Top

Market Data

Quote Symbol:

ADM

Exchange:

New York Stock Exchange

Currency:

USD

Stock Price:

41.9

Stock Price Date:

11-22-2013

52 Week Price Change %:

58.6

Market Value (mil):

27,542,630.0

 

SEDOL:

2047317

ISIN:

US0394831020

 

Equity and Dept Distribution:

Commmon Stock no Par, 04/11, 800M auth., 637,880,202 issd. Insiders control approx.

2.26%. PO:1/84, 2.4M shares @ $21.50 by First Boston. 8/01, 8/00, 8/99, 8/98, 8/97, 8/96,

8/95, 8/94, 8/93, 8/92, 7/91, 9/90, 9/89, 5% stock dividends; 12/94, 12/89, 6/86, 3-for-2 stock splits.

 Top

 

Key Corporate Relationships

Auditor:

Ernst & Young LLP

Bank:

Metropolitan Air Compressor Co Inc

 

Auditor:

Ernst & Young LLP

 

 

 

 

 

 

 Top

Additional Information

ABI Number:

007502875

 

 

Fortune 1000 Rank:

27

 

 

 Top

 

 

 

 

Strategic Initiatives

 

Key Organizational Changes

This also complements with company's strategy to grow its business in Central and Eastern Europe. In December 2011, the company completed the acquisition of Elstar Oils S.A. The acquisition enables the company to strengthen its existing oilseed processing, biodiesel and food manufacturing capabilities. This represents the significant acquisition of Elstar's existing oilseed origination and processing capacity in Eastern Europe. Moreover, Elstar's manufacturing plants are strategically located to complement the company's business and its helps to expand ownership in the Eastern Europe region. In August 2011, the company acquired English River Pellets, Inc., an animal feed business provider and a grain elevator.

 

In January 2012, the company acquired three grain elevators in Slovakia from Polnonakup Hont a.s and Palma Group a.s. The acquisition will expand its network into Slovakia. This also complements with company's strategy to grow its business in Central and Eastern Europe. In December 2011, the company completed the acquisition of Elstar Oils S.A. The acquisition enables the company to strengthen its existing oilseed processing, biodiesel and food manufacturing capabilities. This represents the significant acquisition of Elstar's existing oilseed origination and processing capacity in Eastern Europe. Moreover, Elstar's manufacturing plants are strategically located to complement the company's business and its helps to expand ownership in the Eastern Europe region.

 

We are preparing for a large North American harvest and the completion of our acquisition of GrainCorp,” Woertz said. “We look ahead to a strong 2014, as we position our company for continued success.”Aug 21, 2013ADM Announces Management AppointmentsArcher Daniels Midland Company today announced management appointments.“Consistent with our commitment to improve returns, we are assigning leaders to build productivity and earnings power in key areas of opportunity,” said Juan Luciano, ADM executive vice president and chief operating officer. Joseph Taets, senior vice president and president of the Agricultural Services business unit, will take on additional responsibility for strategy and growth activity across ADM’s business lines in Europe, Africa and India. Taets will relocate to the company’s European headquarters in Rolle, Switzerland. “With the pending acquisition of GrainCorp, and the recent growth of our crop origination and processing assets in Eastern Europe, embedding senior leadership in the region will assure we fully leverage the earnings power of our growing network,” said Luciano.

 

In addition, the company will maintain its other Decatur and Macon County community support at $1 million a year for at least 10 years. “This is an exciting time for our company. We are preparing for a large North American harvest and the completion of our acquisition of GrainCorp,” Woertz said. “We look ahead to a strong 2014, as we position our company for continued success.”Aug 21, 2013ADM Announces Management AppointmentsArcher Daniels Midland Company today announced management appointments.“Consistent with our commitment to improve returns, we are assigning leaders to build productivity and earnings power in key areas of opportunity,” said Juan Luciano, ADM executive vice president and chief operating officer. Joseph Taets, senior vice president and president of the Agricultural Services business unit, will take on additional responsibility for strategy and growth activity across ADM’s business lines in Europe, Africa and India.

 

Joseph Taets, senior vice president and president of the Agricultural Services business unit, will take on additional responsibility for strategy and growth activity across ADM’s business lines in Europe, Africa and India. Taets will relocate to the company’s European headquarters in Rolle, Switzerland. “With the pending acquisition of GrainCorp, and the recent growth of our crop origination and processing assets in Eastern Europe, embedding senior leadership in the region will assure we fully leverage the earnings power of our growing network,” said Luciano. “Joe is ideally suited for this position, with his current responsibilities for crop origination and transportation activity in more than 75 countries, combined with his previous experience managing ADM’s European oilseeds operations.” Brent Fenton will move to a new role as president, ADM Animal Nutrition, based in Decatur. ADM Animal Nutrition will bring together ADM’s specialty feed business—which supplies the livestock and aquaculture industries with amino acid-based feed ingredients—with ADM Alliance Nutrition, Inc., a wholly owned subsidiary of ADM and a leading producer of livestock feed ingredients.

 

Through this acquisition, ADM expanded its liquid feed business operations to Midwest. In January 2012, the company acquired three grain elevators in Slovakia from Polnonakup Hont a.s and Palma Group a.s. The acquisition will expand its network into Slovakia. This also complements with company's strategy to grow its business in Central and Eastern Europe. In December 2011, the company completed the acquisition of Elstar Oils S.A. The acquisition enables the company to strengthen its existing oilseed processing, biodiesel and food manufacturing capabilities. This represents the significant acquisition of Elstar's existing oilseed origination and processing capacity in Eastern Europe.

 

Planning

In July 2011, the company's division ADM-Benson Quinn announced to construct shuttle loader grain elevator at St. Joseph Township. The company has taken strategic initiatives to expand and strengthen its presence in the emerging markets such as China, India and Singapore.Strategic AcquisitionsStrategic acquisitions offer a strong growth opportunity to the company, especially while foraying new markets or launching new products or services. In October 2012, the company acquired 14.9% interest in GrainCorp Limited, as part of its portfolio management initiatives. Through this acquisition, the company focuses on growing its agricultural services and oilseeds businesses.

 

 

Strengths/Weaknesses (SWOT)

 

 

Helpful 
to achieving the objective

Harmful 
to achieving the objective

Internal Origin
(attributes of the organization)

Strengths

·        Broad Spectrum of Support Services

·        Robust Research and Development Activity

·        Strategic Location of Manufacturing Facilities

·        Portfolio of Multiple Products

Weaknesses

·        Product Recall

·        Operational Inefficiencies

External Origin
(attributes of the environment)

Opportunities

·        Key Business Initiatives

·        Blending Mandate for Biofuels

·        Strategic Acquisitions

Threats

·        Global Economic Scenario

·        Risk from International Operations

·        Competitive Landscape

 

 

Overview

 

Archer Daniels Midland Company (ADM) procures, transports, stores, processes, and merchandises agricultural commodities and products. The company operates globally and has presence in key growth markets. Its diversified business model ensures consistent and a profitable cash flow. However, declining operating income is a serious area of concern to the company. Nonetheless, the company could explore several new opportunities amidst the growing alternative energy as well as food markets. Further, the company’s strategic acquisitions and new expansions would ensure its progress. However, growing competition in its operational markets could challenge the company in achieving growth with ease.

 

Strengths

 

Broad Spectrum of Support Services

Through its broad spectrum of supporting services, ADM has gained a strong market position and widened its goodwill. ADM offers a broad spectrum of support services. To integrate ADM ingredients into formulations and products, manufacturers make use of the company’s ‘Culinary Center’. In addition, ADM’s Sensory Testing Group provides complete product and ingredient testing services. Furthermore, the company offers other support services such as food processing training and techniques, nutritional assistance, co-Development and -innovation, application support, pilot processing support, analytical support, regulatory information and other technical support services. The company’s broad product portfolio coupled with wide range of support services helps it to gain customer preference, sustain, and gradually expand in the market.

 

Robust Research and Development Activity

ADM has active participation in the research and development (R&D) activity to improve its products and services, which will help enhance its competitive position. The company's R&D operations are more concentrated on developing biofuel, food, feed, and industrial products from renewable, agricultural crops. Since its inception, the company has introduced several breakthrough products and technologies and also utilizes customer feedback/suggestion. It spends significant amount of its revenue towards it R&D every year. ADM had spent$56m, $60m and $56m for the fiscal years ended 2012, 2011 and 2010, respectively. The company has a joint research project with Argonne National Laboratory on the development of a separate bioreactor. The company is operating a research laboratory in Decatur, Illinois, where it carries development activities for its product and process. Further, the company has entered into a joint development agreement with John Deere and Monsanto to understand the potential of corn stover as a biomass feedstock for advanced bio-fuels. Recently, in April 2012, the company in partnership with KOST USA, Inc. developed biobased propylene glycol products. ADM was the first company in the world to make biobased propylene glycol that complies with both industrial and USP requirements. The company’s continuous focus on R&D activity enables it to innovate and gain specific industry attention, which gives a competitive advantage.

 

Strategic Location of Manufacturing Facilities

Strategic location of manufacturing facilities helps the company in reducing costs on logistics and also helps it to reduce business risk specific to country/continent. The company’s infrastructure helps it to maintain a strong footprint in the global market and also contribute to its expansion. ADM has operations across the globe covering North America, Latin America, Europe, Asia Pacific region, and Africa. In the US, ADM has a presence across 40 states and is operating manufacturing, sales, and distribution facilities along with a network of country elevators. In Canada, ADM is active in originating, transporting, and processing of wheat, durum, and oilseeds at facilities from Medicine Hat to Montreal. In addition, ADM carries the production of chocolate, lecithin, malt and animal feeds at its plants across Canada. In Latin America, ADM operates wheat milling and premix manufacturing facilities. In addition, the company holds soybean crushing plants, a network of elevators, and Atlantic coast export facilities as well as cocoa processing in South America. Furthermore, ADM holds several oilseed crushing facilities across Europe. In the Asia Pacific region, the company has facilities for cocoa bean processing, feed premixes, wheat milling, vegetable oil refining and packaging and corn processing. Currently, ADM also maintains a cocoa bean processing facility on the Ivory Coast.

 

Portfolio of Multiple Products

ADM has wide range of products serving diverse industries that enables it to enjoy a diverse customer base. The company’s business model focuses on serving diverse industries such as Food, Feed, Biofuel, and Industrial such as Construction, Household Products, Industrial Chemicals, Mining & Drilling, Packaging, Paints & Coatings, Personal Care, Bioplastics, and Pulp & Paper. The company offers a variety of essential food ingredients for food manufacturers across the globe. It also provides nutritional products for animal industry as well as alternative transportation fuels such as biodiesel and ethanol for biofuel industry. In addition, the company provides modified vegetable-based oils for a new generation of wood preservatives for construction industry; intermediate products for formulation of detergents, cleaners and other household products; ethanol as alternative to detergent phosphates for chemical industry; mud-thickening OptiXan xanthan gum and emulsifiers for Mining & Drilling; specialty starches for paper & packaging industry; natural-based products to the paints and coatings industry; and natural antioxidants and soya ingredients for personal care industry. Diverse customer base helps the company to mitigate volatility in demand for its products in any specific industry as well as endows it continuous cash flow.

 

Weaknesses

 

Product Recall

Product recall could result in significant losses to the company mainly arising due to the cost of recall, the destruction of product inventory, and lost sales due to the unavailability of the product for a period of time. In December 2012, the company’s subsidiary, ADM Alliance Nutrition, Inc., recalled 50-pound bags of MoorMan’s ShowTec 18 Elite Lamb DC, due to high level of copper content in the product. A product recall could generate substantial negative publicity about its products and business, preventing commercialization of other future product candidates.

 

Operational Inefficiencies

The company has reported a decrease in profit margins and increasing cost structure in 2012. Though the company’s revenues increased by 12%, the company reported decline in profit margins. For the fiscal year ended June 2012, the company reported operating income of $1765m, indicating a decline of 41.5% over $3,015m in 2011. Its net income declined by 39.9% to $1,223m in 2012 from $2,036m in 2011. ADM reported decline in operating profit from its all three business segments. The oil seeds processing segment, corn processing and agricultural services segments operating profit declined by 22.96%, 75.8% and 28.4%, respectively. This was mainly due to continuous increase in operating expenses over the past years. During 2008-2012, the operating expenses increased at a CAGR of 6.68%. For the fiscal year ended June 2012, it reported operating expenses of $87,273m, indicating an increase of 12.4% over $77,661m in 2010. Its operating costs as a percentage of total sales reported an increase of 98.01% in 2012, as compared to 96.26% in the last fiscal. The increased expenses and losses resulted in decline in net profit and operating margin. The net profit and operating margin was 1.37% and 1.98% in 2012 over 2.52% and 3.73%, respectively. Moreover, the company's earnings impacted by negative U.S. ethanol margins and weaker U.S. Merchandising. Such decline in profit margins could limit the growth prospect of the company.

 

Opportunities

 

Key Business Initiatives

The company has undertaken several key business initiatives to advance its business growth objectives. The company spent approximately $7 billion for construction of new plants, expansions of existing plants over the last five years. In October 2012, the company’s subsidiary, ADM Milling, announced its plan to expand its flour milling capacity of its wheat processing plant in Indianapolis, the US, increasing its capacity to 27,800 cwts. It also opened a new sweetener product transfer terminal in Tennessee. The company entered into an agreement to purchase a port terminal in Brazil, which could increase its grain export capacity, expanding its operations in Brazil. In 2012, ADM opened its first commercial-scale transparent isolated soy protein plant at Decatur, Illinois, the US. The new facility will provide an extension for ADM’s existing isolated soy protein production. In March 2012, the company announced to build feed premix plant at Effingham, Illinois. The addition of this facility will position the company at the forefront of the industry. In February 2012, ADM signed memorandum of understanding with Wilmar International Limited to partner in fields related to global ocean freight operations, fertilizer purchasing and distribution and tropical oils refining in Europe. In October 2012, the company and Wilmar International Limited received the approval for their partnership. In November 2011, the company announced to build 265 million liter biodiesel plant in Lloydminster, Alberta, Canada. During the same month, the company announced expand its oilseeds processing and storage facility at Olomouc, Czech Republic. The project also includes the addition of new equipment to efficiently process sunflower seed. The addition of higher-protein sunflower meal to company's offering will open up more markets. The expansion at Olomouc facility will enable the company to serve the farmers crops to key markets. In September 2011, the company acquired two oilseeds processing facilities from Geepee Agri Private Limited in India, thereby expanding its global oilseed processing capacity. In August 2011, ADM expanded its grain and rapeseed storage capacity in Magdeburg, Germany through construction of four new silos. In July 2011, the company's division ADM-Benson Quinn announced to construct shuttle loader grain elevator at St. Joseph Township. The company has taken strategic initiatives to expand and strengthen its presence in the emerging markets such as China, India and Singapore.

 

Blending Mandate for Biofuels

With the increasing demand for petroleum and depleting oil reserves, the US crude oil consumption is expected to rise to 25.8 million barrels per day (bpd) by 2020. The increase in crude oil demand leads to the development of renewable energy sources namely wind energy, geothermal energy and biodiesel. In addition, mandated blending, several new biofuels targets and plans are also defining the future levels of biodiesel use. According to industrial sources, blending mandates are present in 38 countries and 29 provinces around the world. Brazil is expected to go with blending mandate of 15-20% range by 2020-2022 and India with 20% by 2017. According to the Renewable Transport Fuel Obligation Order, a legislation for the regulation of biofuels given by Department of Transport, the UK, the amount of biofuel that must be supplied until April 2013 is expected to reach 5% of total road transport fuel by volume. Moreover, the biodiesel is an alternative fuel choice in Europe and use of biodiesel is rising Argentina, Indonesia, Canada, Brazil and the US. It manufactures biodiesel patented process known as transesterification. ADM markets its biodiesel products under Connester and Connediesel. According to Canada’s renewable diesel mandate, diesel fuel and heating oil sold in Canada must contain at least 2% biodiesel. To tap the growing demand, In November 2011, the company announced to build 265 million liter biodiesel plant in Lloydminster, Alberta, Canada. The addition of this plant will increase the company's Bio diesel production by 50%. Currently, the company owns and operates six biodiesel plants and three plants in the US. With its increasing demand, the company could capture a significant biodiesel market. As the company is expected to become an active player in the sector, favorable external environment could provide substantial growth opportunities.

 

Strategic Acquisitions

Strategic acquisitions offer a strong growth opportunity to the company, especially while foraying new markets or launching new products or services. In October 2012, the company acquired 14.9% interest in GrainCorp Limited, as part of its portfolio management initiatives. Through this acquisition, the company focuses on growing its agricultural services and oilseeds businesses. Moreover, the company made a proposal to GrainCorp Limited’s to acquire all the interest in GrainCorp Limited for AUD12.20 a share in cash. Also, as part of its portfolio management initiative, the company sold off its 23% interest in Gruma, S.A.B., and its equity investment in joint ventures. In June 2012, the company's wholly owned subsidiary ADM Alliance Nutrition, Inc. acquired assets of Liquid Feed Commodities, a privately owned company engages in producing and supplying liquid cattle feed supplements. Through this acquisition, ADM expanded its liquid feed business operations to Midwest. In January 2012, the company acquired three grain elevators in Slovakia from Polnonakup Hont a.s and Palma Group a.s. The acquisition will expand its network into Slovakia. This also complements with company's strategy to grow its business in Central and Eastern Europe. In December 2011, the company completed the acquisition of Elstar Oils S.A. The acquisition enables the company to strengthen its existing oilseed processing, biodiesel and food manufacturing capabilities. This represents the significant acquisition of Elstar's existing oilseed origination and processing capacity in Eastern Europe. Moreover, Elstar's manufacturing plants are strategically located to complement the company's business and its helps to expand ownership in the Eastern Europe region. In August 2011, the company acquired English River Pellets, Inc., an animal feed business provider and a grain elevator. The acquisition advances the company to establish a strong foot print in grain buisness in Southeast Iowa. In June 2011, the company acquired Cattleman’s Choice Loomix. Through this acquisition, the company entered into the liquid feed business. It provides an opportunity for the company with value-added market for its feed ingredients and finished feed rations. Such acquisitions will offer a steady revenue source as well as various cost benefits apart from geographical expansion to the company.

 

Threats

 

Global Economic Scenario

The global economic slowdown and vague recovery scenario are likely to create challenges for the company over the next few years. The global recovery is facing challenges related to tough economic environment in the euro area and weak business environment elsewhere. According to recent world economic outlook (WEO) report by IMF, global output is projected to expand by 3.25% in 2012, a downward revision of about 0.75% point relative to the September 2011 WEO forecast. The primary reason for the downward revision is the situations in the Euro region, which is expected to witness a mild recession in 2012, mainly due to the increment in sovereign yields, fiscal consolidation, and the effects of bank deleveraging. The growth in emerging economies is also expected to slow down, mainly due to the declining external environment and weak internal demand. According to the report, the world output is expected to decline from 3.8% in 2011, to 3.3% in 2012, and is expected to witness an increase in 2013 with figures of 3.9% in 2013. The output of advanced economies is projected to decline from 1.6% in 2011 to 1.2% in 2012, and the output of emerging and developing economies are expected to decline from 6.2% in 2011, to 5.4% in 2012. The Central and Eastern Europe output is expected to decline from 5.3% in 2010 to 1.9% in 2012. Growth in advanced economies is expected to be lower, mainly due to adverse spillovers from the euro region. World Bank also lowered its world economic growth of 2.5% in 2012 and 3.1% in 2013, well below the 3.6 % growth for each year projected in June 2011. Furthermore, according to the World Bank estimates, high income economies are expected to expand nearly 1.4% in 2012 as the euro area shrinks 0.3%, as it witnessed sharp downward revisions from growth forecasts last June of 2.7% and 1.8%, respectively. It also lowered the growth forecast for developing economies to 5.4% for 2012 from its previous forecast of 6.2%, as the expansion in Brazil and India, Russia, South Africa and Turkey witnessed slowness. Furthermore, according to experts, the global economy is expected to have a sluggish growth in 2013, with output growth dragged down by a weak performance anticipated in the euro zone.

 

Risk from International Operations

Since ADM operates in a geographically diversified environment, it is prone to a variety of risks associated with different regions. It includes currency risks and interest rate risks. The company is exposed to currency risks associated with the purchase, sale and borrowings from different markets. Any change in the exchange rate will affect the domestic currency value, thereby impacting its profitability. As the company derives major part of its revenue from international operations, any currency fluctuations or policy change in these markets could have a major effect on the company’s financial performance. Similarly, any change in the interest rate might also affect the group’s operating expenses and result in diminished earnings.

 

Competitive Landscape

ADM is exposed to intense competition as its products are price competitive and product substitutions are available in the market. The company has ever threat from several big companies in one or more regions and product categories. The company’s possible competitors include Bunge, Cargill, Corn Products International, Barry Callebaut and Tate & Lyle. At the same time, the company is also competing with local suppliers, processors and distributors and farm cooperatives. This increased competition restricts its market share and negatively affects its revenues and operating results. For instance, in the biofuel industry, the construction of new biofuel plants and the expansion of existing plants could lead to a significant rise in production capacity levels in forthcoming years in the EU. The government is focusing on making alternate energy a lucrative option by offering various incentives and tax benefits. The increasing incentives and support form the government has drawn several players into the biodiesel market. The company not only competes with bioethanol producers in Europe, but also with other global players who supply biodiesel to the European market at favorable prices. Intense competition in the market is likely to put pressure on the company’s product prices and margins. The company has to update its technology regularly and carry out its operations efficiently to sustain in such a highly competitive industry.

Credit Report as of 06/01/2012

 

Location

4666 E Faries Pkwy Ste: 1
Decatur, IL 62526-5632
United States

 

County:

Macon

MSA:

Decatur, IL

 

Phone:

217-424-5200

Toll Free:

800-382-1070

URL:

http://adm.com

 

ABI©:

007502875

 

Annual Sales:

$89,038,000,000 (USD)

Employees:

30,600

 

Facility Size(ft2):

40,000+

 

Business Type:

Public

Location Type:

Headquarter

 

Ticker:

ADM

Exchange:

NYSE

 

 

Primary Line of Business:

SIC:

2041-02 - Milling (Mfrs)

NAICS:

311211 - Flour Milling

 

 

Secondary Lines of Business:

NAICS:

311320 - Confectionery Mfg From Cacao Beans

 

541613 - Marketing Consulting Svcs

 

484220 - Other Specialized Trucking, Local

 

488510 - Freight Transportation Arrangement

 

493130 - Farm Prod Warehousing & Storage

 

311222 - Soybean Processing

 

424510 - Grain & Field Bean Merchant Whols

 

423990 - All Other Durable Goods Merchant Whols

 

311223 - Other Oilseed Processing

 

311225 - Fats & Oils Refining & Blending

 

523910 - Misc Intermediation

 

551112 - Offices Of Other Holding Companies

 

311212 - Rice Milling

 

111998 - All Other Misc Crop Farming

SICs:

0139-01 - Agricultural Products

 

2041-06 - Corn Mills (Mfrs)

 

2041-01 - Flour Mills (Mfrs)

 

2041-05 - Food Products-Reconditioning (Mfrs)

 

2041-07 - Mills-Flour Oat & Bran (Mfrs)

 

5099-01 - Exporters (Whls)

 

5153-01 - Grain-Dealers (Whls)

 

6719-01 - Holding Companies (Non-Bank)

 

6799-98 - Venture Capital Companies

 

8742-13 - Marketing Programs & Services

 

9999-66 - Federal Government Contractors

 

2074-02 - Cotton Oil Mills (Mfrs)

 

2075-98 - Soybean Oil Mills (Mfrs)

 

2076-98 - Veg Oil Mills-Ex Corn Soybean (Mfrs)

 

4212-13 - Grain Hauling

 

4221-01 - Grain Elevators

 

4731-12 - Transportation Lines

 

2041-03 - Flour-Prepared (Mfrs)

 

2044-01 - Rice Mills (Mfrs)

 

2066-02 - Cocoa Beans-Manufacturers

 

2066-01 - Chocolate & Cocoa-Manufacturers

 

2074-01 - Cottonseed Products (Mfrs)

 

2074-03 - Oil Seeds (Mfrs)

 

 

Corporate Family

Corporate Structure News:

 

Archer Daniels Midland Company

Archer Daniels Midland Company 
Total Corporate Family Members: 463 

 

 

Company Name

Company Type

Location

Country

Industry

Sales
(USD mil)

Employees

Archer Daniels Midland Company

Parent

Decatur, IL

United States

Food Manufacturing

46,729.0

30,600

ADM Corn Processing Division

Subsidiary

Decatur, IL

United States

Food Manufacturing

 

26,000

Archer Daniels Midland Co.

Facility

Decatur, IL

United States

Food Manufacturing

 

4,200

Southern Cotton Oil Co., Inc.

Subsidiary

Decatur, IL

United States

Metal Products Manufacturing

 

3,000

ADM Specialty Ingredients Div.

Subsidiary

Decatur, IL

United States

Food Manufacturing

 

3,000

ADM Trucking Company

Subsidiary

Decatur, IL

United States

Trucking

26.8

1,200

ADM Trucking Inc.

Branch

Decatur, IL

United States

Trucking

 

171

Archer Daniels Midland Co.

Facility

Clinton, IA

United States

Food Manufacturing

632.7

600

ADM North American Oilseed Processing Division

Subsidiary

Enderlin, ND

United States

Food Manufacturing

 

600

ADM

Branch

Columbus, NE

United States

Food Manufacturing

700.1

400

ADM Cocoa

Subsidiary

Milwaukee, WI

United States

Food Manufacturing

 

300

ADM Cocoa

Branch

Glassboro, NJ

United States

Food Manufacturing

49.2

78

ADM Cocoa

Branch

Hazle Twp, PA

United States

Food Manufacturing

15.2

25

Archer Daniels Midland Co.-West Plant

Facility

Decatur, IL

United States

Food Manufacturing

 

300

Archer Daniels Midland Co.

Facility

Cedar Rapids, IA

United States

Food Manufacturing

 

300

ADM Alliance Nutrition, Inc.

Subsidiary

Quincy, IL

United States

Crop and Animal Production

 

250

ADM Alliance Nutrition

Branch

Des Moines, IA

United States

Miscellaneous Wholesale

190.9

100

ADM Alliance Nutrition

Branch

Springfield, MO

United States

Food Manufacturing

59.3

100

ADM Alliance Nutrition

Branch

Comanche, TX

United States

Miscellaneous Wholesale

141.4

60

ADM Alliance Nutrition

Branch

Effingham, IL

United States

Food Manufacturing

33.1

54

ADM Alliance Nutrition

Branch

Portland, MI

United States

Food Manufacturing

22.9

36

ADM Alliance Nutrition

Facility

Bluffton, IN

United States

Food Manufacturing

57.0

34

ADM Alliance Nutrition

Facility

Columbus, NE

United States

Crop and Animal Production

19.1

30

ADM Alliance Nutrition

Branch

Cozad, NE

United States

Food Manufacturing

19.1

30

ADM Alliance Nutrition

Branch

Abilene, KS

United States

Food Manufacturing

18.4

27

ADM Alliance Nutrition

Branch

South Sioux City, NE

United States

Food Manufacturing

12.1

19

ADM Alliance Nutrition

Branch

Glencoe, MN

United States

Food Manufacturing

9.0

18

ADM Alliance Nutrition

Branch

New Hampton, IA

United States

Food Manufacturing

10.4

15

ADM Alliance Nutrition

Branch

Nappanee, IN

United States

Food Manufacturing

9.8

15

Loomix

Subsidiary

Johnstown, CO

United States

Miscellaneous Wholesale

26.0

12

ADM Alliance Nutrition

Branch

Hereford, TX

United States

Physicians and Health Practitioners

0.9

11

ADM Alliance Nutrition

Facility

Campbellsville, KY

United States

Miscellaneous Wholesale

14.2

10

ADM Alliance Nutrition

Facility

Sugarcreek, OH

United States

Food Manufacturing

6.9

10

ADM Alliance Nutrition

Branch

Grand Island, NE

United States

Food Manufacturing

6.4

10

ADM Alliance Nutrition

Branch

Weatherford, TX

United States

Miscellaneous Wholesale

21.2

9

ADM Alliance Nutrition

Branch

Henderson, KY

United States

Miscellaneous Wholesale

18.2

9

ADM Alliance Nutrition

Branch

Lincoln, IL

United States

Food Manufacturing

5.5

9

ADM Alliance Nutrition

Branch

Quincy, IL

United States

Miscellaneous Wholesale

13.4

6

ADM Alliance Nutrition

Branch

Lincoln, NE

United States

Miscellaneous Wholesale

10.5

5

ADM Alliance Nutrition

Branch

Springfield, MO

United States

Miscellaneous Wholesale

10.4

5

ADM Alliance Nutrition

Branch

Kasson, MN

United States

Miscellaneous Wholesale

8.0

4

ADM Alliance Nutrition

Branch

Twin Falls, ID

United States

Food Manufacturing

1.8

4

ADM Alliance Nutrition

Branch

Twin Falls, ID

United States

Miscellaneous Wholesale

6.6

3

ADM Alliance Nutrition

Branch

Foraker, IN

United States

Miscellaneous Wholesale

6.1

3

ADM Alliance Nutrition

Branch

Marlette, MI

United States

Miscellaneous Wholesale

6.0

3

ADM Alliance Nutrition

Branch

Knoxville, IA

United States

Miscellaneous Wholesale

5.7

3

Loomix

Branch

Johnstown, CO

United States

Miscellaneous Wholesale

4.3

2

ADM Alliance Nutrition

Facility

Hoffman, IL

United States

Crop and Animal Production

0.8

2

Moormans Inc.

Subsidiary

Weatherford, TX

United States

Personal Care Services

7.0

1

ADM/Growmark River Systems

Subsidiary

Decatur, IL

United States

Grocery Wholesale

 

250

ADM Agri-Industries Company

Subsidiary

Windsor, ON

Canada

Food Manufacturing

620.6

200

Archer Daniels Midland Co.

Facility

Valdosta, GA

United States

Food Manufacturing

367.8

200

Archer Daniels Midland Co.

Facility

Peoria, IL

United States

Basic Chemical Manufacturing

 

180

Archer Daniels Midland Co.

Facility

Lincoln, NE

United States

Food Manufacturing

396.3

150

Archer Daniels Midland Co.

Facility

Southport, NC

United States

Pharmaceutical Manufacturing

380.3

150

ADM Investor Services Inc.

Subsidiary

Chicago, IL

United States

Commodities

90.0

150

ADMIS Hong Kong Limited

Division

Quarry Bay

Hong Kong

Petroleum and Natural Gas Extraction

 

30

Archer Financial Services, Inc. (AFS)

Subsidiary

Chicago, IL

United States

Commodities

 

30

ADM Investor Services Inc

Branch

New York, NY

United States

Commodities

13.4

18

ADM Investor Services Inc

Branch

Tinley Park, IL

United States

Commodities

13.4

18

ADM Investor Services Inc

Branch

Kansas City, MO

United States

Commodities

4.5

6

ADM Investor Services Inc

Branch

Rochelle, IL

United States

Commodities

2.2

3

ADM Investor Services Inc

Branch

Oakland, IL

United States

Miscellaneous Professional Services

1.0

3

ADM Southern Cellulose

Subsidiary

Chattanooga, TN

United States

Consulting Services

29.1

150

Archer Daniels Midland Co.

Facility

Keokuk, IA

United States

Food Manufacturing

 

150

Malteurop North America

Subsidiary

Milwaukee, WI

United States

Food Manufacturing

100.0

125

Archer Daniels Midland Co.

Facility

Olathe, KS

United States

Food Manufacturing

 

120

ADM Northern Sun Division

Branch

Enderlin, ND

United States

Food Manufacturing

50.5

113

Southern Cotton Oil Co., Inc.

Subsidiary

Memphis, TN

United States

Food Manufacturing

201.3

112

ADM Crop Risk Services

Subsidiary

Decatur, IL

United States

Insurance Agents

 

105

ADM Crop Risk Services

Branch

Council Bluffs, IA

United States

Insurance Agents

1.3

7

Societe Industrielle Des Oleagineux

Subsidiary

St Laurent Blangy

France

Food Manufacturing

59.9

102

Southern Cotton Oil Co., Inc.

Subsidiary

Lubbock, TX

United States

Food Manufacturing

205.0

100

ADM Agri-Industries Ltd.

Subsidiary

Candiac, QC

Canada

Food Manufacturing

163.5

100

ADM

Branch

Des Moines, IA

United States

Grocery Wholesale

155.2

100

ADM Milling Co.

Subsidiary

Overland Park, KS

United States

Food Manufacturing

 

100

ADM Milling Co.

Facility

Lincoln, NE

United States

Food Manufacturing

3.4

140

ADM Milling Co

Branch

Jackson, TN

United States

Food Manufacturing

138.9

130

ADM Milling Co.

Facility

Overland Park, KS

United States

Food Manufacturing

 

125

ADM Milling Co.

Facility

Mount Vernon, IN

United States

Food Manufacturing

69.6

100

ADM Milling Co.

Facility

Buffalo, NY

United States

Food Manufacturing

64.2

100

ADM Milling Co.

Facility

Camp Hill, PA

United States

Food Manufacturing

49.6

100

ADM Milling Co

Branch

Keokuk, IA

United States

Food Manufacturing

110.6

90

ADM Milling Co

Branch

St Louis, MO

United States

Food Manufacturing

80.1

76

ADM Milling Co.

Facility

Enid, OK

United States

Crop and Animal Production

77.8

65

ADM Milling Co

Branch

Chattanooga, TN

United States

Food Manufacturing

69.4

65

ADM Milling Co

Branch

Beech Grove, IN

United States

Food Manufacturing

65.0

56

ADM Milling Co

Branch

Arkansas City, KS

United States

Food Manufacturing

60.7

50

ADM Milling Co

Branch

Spokane, WA

United States

Food Manufacturing

58.3

50

ADM Milling Co

Branch

Chicago, IL

United States

Food Manufacturing

43.6

40

ADM Milling Co

Branch

Arkansas City, KS

United States

Food Manufacturing

43.7

36

ADM Milling Co

Branch

Abilene, KS

United States

Food Manufacturing

43.7

36

ADM Milling Co

Branch

Portland, OR

United States

Food Manufacturing

36.8

36

ADM Milling Co

Branch

Arbuckle, CA

United States

Food Manufacturing

34.3

36

ADM Milling Co

Branch

St Cloud, MN

United States

Food Manufacturing

31.9

36

ADM Milling Co

Branch

Grand Island, NY

United States

Food Manufacturing

30.8

36

ADM Milling Co

Branch

Shawnee Mission, KS

United States

Food Manufacturing

 

36

ADM Milling Co

Branch

New Braunfels, TX

United States

Food Manufacturing

55.9

30

ADM Milling Co

Branch

Salina, KS

United States

Food Manufacturing

36.4

30

ADM Milling Co

Branch

Charlotte, NC

United States

Food Manufacturing

34.3

30

ADM Milling Co.

Facility

Spokane, WA

United States

Food Manufacturing

 

30

ADM Milling Co

Branch

Carthage, MO

United States

Food Manufacturing

29.5

28

ADM Milling Company

Facility

Medicine Hat, AB

Canada

Food Manufacturing

60.0

25

ADM Milling Co

Branch

Dodge City, KS

United States

Food Manufacturing

30.3

25

ADM Milling Co

Branch

Minneapolis, MN

United States

Food Manufacturing

22.2

25

ADM Milling Co

Branch

Wellsburg, WV

United States

Food Manufacturing

25.8

22

ADM Milling Co.

Facility

Abilene, KS

United States

Grocery Wholesale

6.1

20

ADM Milling Co

Branch

Cheney, WA

United States

Food Manufacturing

22.2

19

ADM Milling Co

Branch

Cleveland, TN

United States

Food Manufacturing

18.2

17

Archer Daniels Midland Co.

Facility

Enderlin, ND

United States

Food Manufacturing

 

100

Archer Daniels Midland Co.

Facility

Buffalo, NY

United States

Food Manufacturing

 

100

Archer Daniels Midland Co.

Facility

Chatham, NJ

United States

Food Manufacturing

 

100

Archer Daniels Midland Co.

Facility

Saint Louis, MO

United States

Grocery Wholesale

 

100

Archer Daniels Midland Co.

Facility

Jackson, TN

United States

Food Manufacturing

 

100

ADM Soybean Processing

Branch

Mankato, MN

United States

Food Manufacturing

177.9

86

ADM

Branch

Mankato, MN

United States

Food Manufacturing

39.9

80

New Orleans Ship Yard

Subsidiary

Jefferson, LA

United States

Ship and Boat Building

22.4

80

Archer Daniels Midland Co.

Facility

Minneapolis, MN

United States

Home and Garden Retail

16.4

80

ADM Trucking

Branch

Camanche, IA

United States

Trucking

12.6

80

American River Transportation

Subsidiary

St Louis, MO

United States

Shipping and Water Transportation Services

 

80

ARTCO Fleeting Services

Branch

Westwego, LA

United States

Shipping and Water Transport

140.1

300

ARTCO Fleeting Services

Branch

Lemont, IL

United States

Shipping and Water Transport

41.0

100

ARTCO Fleeting Services

Branch

Cassville, WI

United States

Shipping and Water Transport

24.7

75

ARTCO Fleeting Services

Branch

Ottawa, IL

United States

Shipping and Water Transport

20.5

50

ARTCO Fleeting Services

Branch

Clinton, IA

United States

Shipping and Water Transport

13.5

40

ARTCO Fleeting Services

Branch

Winona, MN

United States

Shipping and Water Transport

14.1

28

Archer Daniels Midland Co.

Facility

Quincy, IL

United States

Storage and Warehousing

 

80

ADM Agri-Industries Ltd.

Subsidiary

Calgary, AB

Canada

Crop and Animal Production

 

75

ADM Milling Co.

Subsidiary

Midland, ON

Canada

Food Manufacturing

77.9

70

Archer Daniels Midland Co.

Facility

Red Wing, MN

United States

Petroleum Product Manufacturing

 

70

ADM Soybean Meal Plant

Branch

Mexico, MO

United States

Storage and Warehousing

12.0

69

ADM

Branch

Quincy, IL

United States

Grocery Wholesale

108.8

60

ADM Agri-Industries Company

Subsidiary

Lloydminster, AB

Canada

Food Manufacturing

1.0

60

Agrinational Insurance Company

Subsidiary

Burlington, VT

United States

Life and Health Insurance

 

60

ADM

Branch

Mexico, MO

United States

Food Manufacturing

137.8

56

Archer Daniels Midland Co.

Facility

Frankfort, IN

United States

Food Manufacturing

162.4

55

ADM Grain

Branch

Galveston, TX

United States

Storage and Warehousing

9.6

55

Golden Peanut Company, L.L.C.

Joint Venture

Alpharetta, GA

United States

Crop and Animal Production

 

55

Golden Peanut Co

Branch

Dawson, GA

United States

Grocery Wholesale

382.1

154

Golden Peanut Co

Branch

Headland, AL

United States

Grocery Wholesale

289.0

120

Golden Peanut Co

Branch

Ashburn, GA

United States

Grocery Wholesale

248.1

100

Golden Peanut Co

Branch

Aulander, NC

United States

Grocery Wholesale

246.4

100

Golden Peanut Co

Branch

De Leon, TX

United States

Grocery Wholesale

247.0

90

Golden Peanut Co

Branch

Seagraves, TX

United States

Grocery Wholesale

164.7

60

Golden Peanut Co

Branch

Blakely, GA

United States

Grocery Wholesale

76.9

31

Golden Peanut Co

Branch

Roswell, GA

United States

Grocery Wholesale

74.4

30

Golden Peanut Co

Branch

Camilla, GA

United States

Grocery Wholesale

49.6

20

Golden Peanut Co

Branch

Williamston, NC

United States

Grocery Wholesale

32.0

13

Golden Peanut Co

Branch

Mc Rae, GA

United States

Grocery Wholesale

19.8

8

Golden Peanut Co

Branch

Ozark, AL

United States

Grocery Wholesale

19.3

8

Golden Peanut Co

Branch

Anadarko, OK

United States

Grocery Wholesale

17.7

7

Golden Peanut Co

Branch

Columbia, AL

United States

Grocery Wholesale

14.5

6

Golden Peanut Co

Branch

Seminole, TX

United States

Grocery Wholesale

13.7

5

Golden Peanut Co

Branch

Greenwood, FL

United States

Grocery Wholesale

13.0

5

Golden Peanut Co

Branch

Cordele, GA

United States

Grocery Wholesale

12.4

5

Golden Peanut Co

Branch

Vienna, GA

United States

Grocery Wholesale

12.4

5

Golden Peanut Co

Branch

Poulan, GA

United States

Grocery Wholesale

12.4

5

Golden Peanut Co

Branch

Ashburn, GA

United States

Grocery Wholesale

12.4

5

Golden Peanut Co

Branch

Suffolk, VA

United States

Grocery Wholesale

12.3

5

Golden Peanut Co

Branch

Columbia, AL

United States

Grocery Wholesale

12.0

5

Golden Peanut Co

Branch

Headland, AL

United States

Grocery Wholesale

12.0

5

Golden Peanut Co

Branch

Robertsdale, AL

United States

Grocery Wholesale

12.0

5

Golden Peanut Co

Branch

Newville, AL

United States

Grocery Wholesale

12.0

5

Golden Peanut Co

Branch

Tchula, MS

United States

Grocery Wholesale

12.0

5

Golden Peanut Co

Branch

Smyer, TX

United States

Grocery Wholesale

11.0

4

Golden Peanut Co

Branch

High Springs, FL

United States

Grocery Wholesale

10.4

4

Golden Peanut Co

Branch

Enfield, NC

United States

Grocery Wholesale

9.9

4

Golden Peanut Co

Branch

Littlefield, TX

United States

Grocery Wholesale

8.2

3

Golden Peanut Co

Branch

Graceville, FL

United States

Grocery Wholesale

7.8

3

Golden Peanut Co

Branch

Jay, FL

United States

Grocery Wholesale

7.8

3

Golden Peanut Co

Branch

Headland, AL

United States

Food Manufacturing

1.8

3

Golden Peanut Co

Branch

Wellman, TX

United States

Grocery Wholesale

5.5

2

Golden Peanut Co

Branch

Pleasanton, TX

United States

Grocery Wholesale

5.5

2

Golden Peanut Co

Branch

Pelham, GA

United States

Grocery Wholesale

5.0

2

Golden Peanut Co

Branch

Donalsonville, GA

United States

Grocery Wholesale

5.0

2

Golden Peanut Co

Branch

Red Level, AL

United States

Grocery Wholesale

4.8

2

Golden Peanut Co

Branch

De Leon, TX

United States

Grocery Wholesale

2.7

1

Golden Peanut Co

Branch

Shannon, IL

United States

Grocery Wholesale

2.6

1

Golden Peanut Argentina S.A.

Subsidiary

Alejandro Roca, Cordoba

Argentina

Crop and Animal Production

20.8

 

ADM

Branch

Red Wing, MN

United States

Miscellaneous Wholesale

100.2

50

ADM Trucking

Branch

Chattanooga, TN

United States

Trucking

7.2

50

Archer Daniels Midland Co.

Facility

Spokane, WA

United States

Food Manufacturing

 

50

Archer Daniels Midland Co.

Facility

Charlotte, NC

United States

Food Manufacturing

 

50

ADM

Branch

Fostoria, OH

United States

Food Manufacturing

114.7

45

ADM Grain

Branch

Mt Auburn, IL

United States

Storage and Warehousing

7.1

45

ADM Trucking

Branch

Des Moines, IA

United States

Trucking

5.7

42

Archer Daniels Midland Co.

Facility

Little Rock, AR

United States

Storage and Warehousing

 

42

ADM/Growmark River Systems

Subsidiary

Reserve, LA

United States

Grocery Wholesale

 

42

Archer Daniels Midland Co.

Facility

Velva, ND

United States

Food Manufacturing

113.9

40

Archer Daniels Midland Co.

Facility

Los Angeles, CA

United States

Food Manufacturing

47.6

40

ADM Trucking

Branch

Cedar Rapids, IA

United States

Trucking

5.4

40

Archer Daniels Midland Co.

Facility

Kershaw, SC

United States

Food Manufacturing

 

40

ADM

Branch

Kershaw, SC

United States

Food Manufacturing

96.6

38

ADM Cocoa

Unit

Georgetown, ON

Canada

Food Manufacturing

39.0

35

ADM Grain

Branch

Enid, OK

United States

Storage and Warehousing

4.7

34

Precision Microblenders Inc.

Subsidiary

Barceloneta, PR

United States

Crop and Animal Production

6.3

31

ADM

Branch

Fremont, NE

United States

Grocery Wholesale

76.1

30

Archer Daniels Midland Co.

Facility

Saint Louis, MO

United States

Grocery Wholesale

22.5

30

ADM Processing

Branch

Valdosta, GA

United States

Food Manufacturing

10.9

30

ADM Animal Health & Nutrition Division

Unit

Woodstock, ON

Canada

Food Manufacturing

8.0

30

ADM Collingwood Grain

Branch

Hutchinson, KS

United States

Storage and Warehousing

3.9

30

ADM Agri-Industries Ltd.

Subsidiary

Lethbridge, AB

Canada

Grocery Stores

 

30

ADM Oilseed Processing

Subsidiary

Decatur, IL

United States

Food Manufacturing

 

29

ADM

Branch

Cordele, GA

United States

Food Manufacturing

15.5

28

ADM Grain

Branch

Hereford, TX

United States

Grocery Wholesale

56.9

25

ADM Trucking

Branch

Valdosta, GA

United States

Trucking

4.1

25

Archer Daniels Midland Co.

Facility

Ottawa Lake, MI

United States

Crop and Animal Production

 

25

ADM

Branch

Bushnell, IL

United States

Food Manufacturing

9.3

23

Archer Daniels Midland Co.

Facility

Decatur, IL

United States

Air Transportation Services

26.8

22

ADM Trucking

Branch

Effingham, IL

United States

Trucking

4.2

22

ADM Grain

Branch

Hutchinson, KS

United States

Storage and Warehousing

2.8

22

ADM Grain

Branch

Memphis, TN

United States

Grocery Wholesale

52.6

21

ADM Processing

Branch

Brooklyn, NY

United States

Grocery Wholesale

53.6

20

ADM Grain

Branch

Columbus, OH

United States

Grocery Wholesale

48.7

20

ADM Grain

Branch

Berlin, WI

United States

Miscellaneous Wholesale

38.9

20

ADM Stanley

Subsidiary

Stanley, WI

United States

Crop and Animal Production

6.6

20

ADM Grain

Branch

Ottawa Lake, MI

United States

Storage and Warehousing

3.4

20

ADM Grain

Branch

Toledo, OH

United States

Storage and Warehousing

2.6

20

ADM Grain

Branch

Toledo, OH

United States

Storage and Warehousing

2.6

20

ADM Grain

Branch

Montezuma, KS

United States

Storage and Warehousing

2.6

20

Archer Daniels Midland Co.

Facility

Salina, KS

United States

Food Manufacturing

 

20

Archer Daniels Midland Co.

Facility

Grand Ledge, MI

United States

Grocery Wholesale

 

20

ADM/Growmark River Systems

Subsidiary

Havana, IL

United States

Grocery Wholesale

 

20

ADM Edible Bean Specialties

Branch

Enderlin, ND

United States

Miscellaneous Wholesale

47.1

19

ADM Trucking

Branch

Charlotte, NC

United States

Trucking

2.7

19

ADM Municipal Docks

Branch

Clinton, IA

United States

Shipping and Water Transportation Services

3.2

18

ADM Corn Processing

Subsidiary

Decatur, IL

United States

Food Manufacturing

 

18

ADM Corn Processing

Branch

Cedar Rapids, IA

United States

Food Manufacturing

369.8

301

ADM Corn Processing

Branch

Walhalla, ND

United States

Food Manufacturing

72.5

60

ADM Corn Processing

Branch

Cleveland, TN

United States

Trucking

3.6

30

ADM Corn Processing

Branch

Atlanta, GA

United States

Food Manufacturing

8.9

9

ADM Corn Processing

Branch

Montezuma, NY

United States

Food Manufacturing

6.0

7

ADM Corn Processing

Branch

Holland, MN

United States

Food Manufacturing

6.0

4

ADM Corn Processing

Branch

Roswell, GA

United States

Food Manufacturing

1.0

1

ADM Grain

Branch

East St Louis, IL

United States

Storage and Warehousing

2.7

17

ADM Grain

Branch

Farina, IL

United States

Storage and Warehousing

0.7

16

ADM

Branch

New Berlin, IL

United States

Grocery Wholesale

40.2

15

ADM

Branch

Salt Lake City, UT

United States

Food Manufacturing

22.4

15

ADM

Branch

Reese, MI

United States

Grocery Stores

2.8

15

ADM-Benson Quinn

Branch

Hensler, ND

United States

Storage and Warehousing

2.4

15

ADM

Branch

Havana, IL

United States

Storage and Warehousing

2.4

15

ADM Grain

Branch

Newman Grove, NE

United States

Storage and Warehousing

2.0

15

ADM Grain

Branch

Liberal, KS

United States

Storage and Warehousing

1.9

15

Archer Daniels Midland Co.

Facility

Brookston, IN

United States

Grocery Wholesale

1.0

15

ADM/Growmark River Systems

Subsidiary

Carman, IL

United States

Crop and Animal Production

0.8

15

Pabor Archer Daniels Midland Company

Subsidiary

Peru, IL

United States

Storage and Warehousing

 

15

ADM Benson-Quinn Company

Subsidiary

Rogers, ND

United States

Miscellaneous Wholesale

 

15

ADM Trucking

Branch

Dallas, TX

United States

Trucking

3.0

14

ADM Trucking

Branch

Dixon, IL

United States

Trucking

2.7

14

ADM Grain

Branch

Peru, IL

United States

Storage and Warehousing

2.0

13

ADM

Branch

Copeland, KS

United States

Storage and Warehousing

1.7

13

ADM Terminal Services

Branch

Ottawa, IL

United States

Grocery Wholesale

32.2

12

ADM Grain

Branch

Evansville, IN

United States

Miscellaneous Wholesale

29.4

12

ADM Grain

Branch

Sioux City, IA

United States

Grocery Wholesale

27.5

12

ADM Northern Sun Division

Branch

Goodland, KS

United States

Food Manufacturing

5.4

12

ADM Corn Sweeteners

Branch

Denver, CO

United States

Food Manufacturing

3.2

12

ADM

Branch

Grand Ledge, MI

United States

Storage and Warehousing

2.1

12

Archer Daniels Midland Europe BV

Subsidiary

Koog aan de Zaan

Netherlands

Food Manufacturing

 

800

Adm Prague S.R.O.

Subsidiary

Praha 4

Czech Republic

Grocery Wholesale

24.6

100

Archer Daniels Midland Nederland B.V.

Subsidiary

Koog Aan De Zaan, Noord-Holland

Netherlands

Airlines

1,518.2

 

Archer Daniels Midland Europoort B.V.

Subsidiary

Europoort Rotterdam, Zuid-Holland

Netherlands

Food Manufacturing

 

230

Adm Cocoa International B.V.

Subsidiary

 

 

 

 

 

ADM Cocoa BV

Subsidiary

Koog aan de Zaan

Netherlands

Food Manufacturing

 

800

ADM Czernin S.A.

Subsidiary

Elblag

Poland

Food Manufacturing

233.2

179

Adm Malbork S A

Subsidiary

Malbork

Poland

Petroleum and Natural Gas Extraction

76.9

100

Adm Szamotuly Sp Z O O

Subsidiary

Szamotuly

Poland

Petroleum Product Manufacturing

332.4

140

Adm Canadian Holdings B.V.

Subsidiary

Koog Aan De Zaan, Noord-Holland

Netherlands

Banking

 

 

ADM

Branch

Tarrytown, NY

United States

Storage and Warehousing

1.8

12

ADM Grain

Branch

Logansport, IN

United States

Storage and Warehousing

1.7

12

ADM Grain

Branch

Fremont, NE

United States

Storage and Warehousing

1.6

12

Archer Daniels Midland Co.

Facility

Saint Paul, MN

United States

Grocery Wholesale

1.0

12

ADM Collingwood Grain

Branch

Oakley, KS

United States

Grocery Wholesale

26.3

11

ADM Grain

Branch

Wisner, NE

United States

Miscellaneous Wholesale

23.2

11

ADM

Branch

Sanborn, MN

United States

Storage and Warehousing

2.1

11

ADM

Branch

Ottawa, IL

United States

Grocery Wholesale

26.8

10

ADM Grain

Branch

Morris, IL

United States

Grocery Wholesale

26.8

10

ADM Grain

Branch

Morris, IL

United States

Grocery Wholesale

26.8

10

ADM Grain

Branch

La Moille, IL

United States

Grocery Wholesale

26.8

10

ADM

Branch

Hudson, NY

United States

Grocery Wholesale

26.8

10

ADM

Branch

Goodland, KS

United States

Grocery Wholesale

23.9

10

ADM Agri-Industries Company

Subsidiary

Essex, ON

Canada

Food Manufacturing

11.0

10

ADM Grain

Branch

Summerfield, TX

United States

Storage and Warehousing

1.7

10

ADM Grain

Branch

Webberville, MI

United States

Storage and Warehousing

1.7

10

ADM

Branch

Saginaw, MI

United States

Storage and Warehousing

1.7

10

ADM

Branch

Burlington, WY

United States

Storage and Warehousing

1.7

10

ADM Grain

Branch

Newman, IL

United States

Storage and Warehousing

1.6

10

ADM Grain

Branch

Oakland, IL

United States

Storage and Warehousing

1.6

10

ADM

Branch

Fowler, IN

United States

Storage and Warehousing

1.4

10

ADM Collingwood Grain

Branch

Leoti, KS

United States

Storage and Warehousing

1.3

10

ADM Grain

Branch

Atlantic, IA

United States

Storage and Warehousing

1.3

10

American River Transportation Co.

Subsidiary

Decatur, IL

United States

Shipping and Water Transport

4.1

9

ADM Grain

Branch

Sullivan, IN

United States

Storage and Warehousing

1.3

9

ADM Grain

Branch

Chillicothe, OH

United States

Storage and Warehousing

1.2

9

ADM

Branch

Plains, KS

United States

Storage and Warehousing

1.2

9

ADM Grain

Branch

Dodge City, KS

United States

Storage and Warehousing

1.2

9

ADM Grain

Branch

Stevens Point, WI

United States

Storage and Warehousing

1.1

9

ADM Grain

Branch

Ledbetter, KY

United States

Storage and Warehousing

0.3

9

ADM Edible Bean Specialties

Branch

Northwood, ND

United States

Miscellaneous Wholesale

19.8

8

ADM

Branch

Lakeville, NY

United States

Food Manufacturing

10.6

8

ADM

Branch

Champaign, IL

United States

Miscellaneous Chemical Manufacturing

7.1

8

ADM Grain

Branch

Keithsburg, IL

United States

Storage and Warehousing

1.3

8

ADM Grain

Branch

Hooker, OK

United States

Storage and Warehousing

1.1

8

ADM Grain

Branch

Farmer City, IL

United States

Grocery Wholesale

19.5

7

ADM Edible Bean Specialties, Inc.

Subsidiary

Casselton, ND

United States

Grocery Wholesale

17.3

7

ADM Edible Bean Specialties Inc.

Facility

Twin Falls, ID

United States

Crop and Animal Production

39.7

30

ADM Edible Beans Specialties Inc.

Facility

Kimberly, ID

United States

Home and Garden Retail

39.7

10

Archer Daniels Midland Inc.

Facility

Olivia, MN

United States

Storage and Warehousing

 

6

ADM Edible Bean Specialties

Branch

Cavalier, ND

United States

Miscellaneous Wholesale

17.3

7

ADM Collingwood Grain

Branch

Goodland, KS

United States

Grocery Wholesale

16.7

7

ADM

Branch

Chattanooga, TN

United States

Miscellaneous Wholesale

11.9

7

ADM Trucking

Branch

Dallas, TX

United States

Trucking

1.5

7

ADM

Branch

Dovray, MN

United States

Storage and Warehousing

1.4

7

ADM Grain

Branch

Macon, IL

United States

Storage and Warehousing

1.1

7

ADM

Branch

Rensselaer, IN

United States

Storage and Warehousing

1.0

7

ADM

Branch

Hutchinson, KS

United States

Storage and Warehousing

0.9

7

ADM

Branch

Green Bay, WI

United States

Storage and Warehousing

0.9

7

Alfred C Toepfer International BV

Subsidiary

Rotterdam

Netherlands

Miscellaneous Wholesale

17,229.3

6

Alfred C. Toepfer International Argentina S.R.L.

Subsidiary

Vicente Lopez, Buenos Aires

Argentina

Food Manufacturing

752.3

55

Arkady Feed (U.K.) Ltd.

Subsidiary

Watford

United Kingdom

Grocery Wholesale

619.7

22

Arkady Feed Limited

Subsidiary

Dublin

Ireland

Grocery Wholesale

 

 

Toepfer Magyarország Kereskedelmi Kft

Subsidiary

Budaörs

Hungary

Grocery Wholesale

163.2

12

ADM Grain

Branch

Naples, IL

United States

Grocery Wholesale

16.1

6

ADM

Branch

Grand Forks, ND

United States

Grocery Wholesale

14.9

6

ADM Edible Bean Specialties

Branch

Olivia, MN

United States

Miscellaneous Wholesale

14.5

6

ADM Grain

Branch

Belpre, KS

United States

Grocery Wholesale

14.3

6

ADM Burr Elevator

Branch

Canby, MN

United States

Storage and Warehousing

1.2

6

ADM Grain

Branch

Dudley, MO

United States

Storage and Warehousing

1.0

6

ADM

Branch

Hayward, CA

United States

Storage and Warehousing

1.0

6

ADM Edible Bean Specialties

Branch

St Thomas, ND

United States

Storage and Warehousing

1.0

6

ADM

Branch

Hoopeston, IL

United States

Storage and Warehousing

0.9

6

ADM Grain

Branch

Altamont, IL

United States

Storage and Warehousing

0.9

6

ADM Grain

Branch

Mendota, IL

United States

Storage and Warehousing

0.9

6

ADM Grain

Branch

State Line, IN

United States

Storage and Warehousing

0.9

6

ADM

Branch

Ambia, IN

United States

Storage and Warehousing

0.9

6

ADM Grain

Branch

Fullerton, NE

United States

Storage and Warehousing

0.8

6

ADM

Branch

Leoti, KS

United States

Storage and Warehousing

0.8

6

ADM Grain

Branch

Sublette, KS

United States

Storage and Warehousing

0.8

6

ADM Grain

Branch

Monument, KS

United States

Storage and Warehousing

0.8

6

ADM Grain

Branch

New Cambria, KS

United States

Storage and Warehousing

0.8

6

ADM Grain

Branch

Lyons, KS

United States

Storage and Warehousing

0.8

6

ADM

Branch

Cedar Rapids, IA

United States

Storage and Warehousing

0.8

6

ADM Grain

Branch

Viroqua, WI

United States

Storage and Warehousing

0.8

6

ADM Grain

Branch

Berlin, WI

United States

Storage and Warehousing

0.8

6

ADM Alliance Nutrition of Puerto RIco, LLC

Subsidiary

Hatillo, PR

United States

Food Manufacturing

 

6

Granossa Corp

Subsidiary

Bayamon, PR

United States

Food Manufacturing

6.3

10

ADM Grain Company

Subsidiary

Decatur, IL

United States

Grocery Wholesale

 

6

ADM Collingwood Grain, Inc.

Subsidiary

Overland Park, KS

United States

Home and Garden Retail

0.8

375

Collingwood Grain Inc.

Facility

Goodland, KS

United States

Grocery Wholesale

 

210

Skyland Grain, LLC

Joint Venture

Johnson, KS

United States

Storage and Warehousing

41.1

64

ADM Collingwood Grain Inc.

Facility

Plains, KS

United States

Miscellaneous Store Retailers

 

30

ADM Collingwood Grain, Inc.

Facility

Cimarron, KS

United States

Miscellaneous Wholesale

0.6

7

ADM-Collingwood Grain

Facility

Scott City, KS

United States

Grocery Wholesale

0.6

5

ADM Grain Co.

Facility

Shawnee Mission, KS

United States

Miscellaneous Wholesale

0.8

50

ADM Grain

Facility

Enid, OK

United States

Food Manufacturing

 

50

ADM Grain Co

Facility

Hutchinson, KS

United States

Grocery Wholesale

0.5

40

ADM Grain Co.

Facility

Mendota, IL

United States

Grocery Wholesale

21.5

30

ADM Grain Company

Facility

Indianapolis, IN

United States

Grocery Wholesale

40.7

20

ADM-Grain

Facility

Copeland, KS

United States

Storage and Warehousing

0.6

12

Archer Daniels Midland Co.

Facility

Altamont, IL

United States

Grocery Wholesale

 

6

ADM Logistics

Subsidiary

Decatur, IL

United States

Road Transportation Services

 

6

ADM-Benson Quinn

Branch

Hitchcock, SD

United States

Storage and Warehousing

0.8

6

ADM Logistics

Branch

Calexico, CA

United States

Road Transportation Services

0.8

4

ADM Australia

Subsidiary

Bondi Junction, NSW

Australia

Miscellaneous Wholesale

15.5

5

ADM

Branch

Powell, WY

United States

Miscellaneous Wholesale

14.5

5

ADM

Branch

Waynesville, IL

United States

Grocery Wholesale

13.4

5

ADM

Branch

New Plymouth, ID

United States

Miscellaneous Wholesale

13.2

5

ADM Edible Bean Specialties

Branch

Twin Falls, ID

United States

Miscellaneous Wholesale

13.2

5

ADM Edible Bean Specialties

Branch

Grafton, ND

United States

Miscellaneous Wholesale

12.4

5

ADM Edible Bean Specialties

Branch

Galesburg, ND

United States

Miscellaneous Wholesale

12.4

5

ADM Edible Bean Specialties

Branch

Inkster, ND

United States

Miscellaneous Wholesale

12.4

5

ADM Edible Bean Specialties

Branch

Grand Forks, ND

United States

Miscellaneous Wholesale

12.4

5

ADM Grain

Branch

Ripon, WI

United States

Grocery Wholesale

11.7

5

ADM Agri-Industries Ltd.

Subsidiary

Blenheim, ON

Canada

Crop and Animal Production

11.1

5

ADM

Branch

Mankato, MN

United States

Miscellaneous Wholesale

10.0

5

ADM

Branch

Chattanooga, TN

United States

Miscellaneous Wholesale

8.5

5

ADM

Branch

Bay Minette, AL

United States

Miscellaneous Wholesale

8.4

5

Benson-Quinn Commodities Inc.

Subsidiary

Minneapolis, MN

United States

Commodities

3.0

5

ADM Grain

Branch

Dudley, MO

United States

Storage and Warehousing

0.9

5

ADM Grain

Branch

Wenona, IL

United States

Storage and Warehousing

0.8

5

ADM

Branch

Mendota, IL

United States

Storage and Warehousing

0.8

5

ADM Grain

Branch

Lacon, IL

United States

Storage and Warehousing

0.8

5

ADM Grain

Branch

Hennepin, IL

United States

Storage and Warehousing

0.8

5

ADM Collingwood Grain

Branch

Pratt, KS

United States

Storage and Warehousing

0.6

5

ADM Collingwood Grain

Branch

Kinsley, KS

United States

Storage and Warehousing

0.6

5

ADM Grain

Branch

Manilla, IA

United States

Storage and Warehousing

0.6

5

ADM Agri-Industries Company

Subsidiary

Carberry, MB

Canada

Crop and Animal Production

0.6

5

ADM-Benson Quinn

Branch

Fargo, ND

United States

Crop and Animal Production

0.4

5

Archer Daniels Midland Co.

Facility

Oakland, IL

United States

Crop and Animal Production

 

5

Archer Daniels Midland Co.

Facility

Winona, MN

United States

Grocery Wholesale

 

5

ADM Grain

Branch

Xenia, IL

United States

Grocery Wholesale

10.7

4

Adm Archer-Daniels-Midland Co

Branch

Fresno, CA

United States

Food Manufacturing

8.9

4

ADM Grain

Branch

Silver Grove, KY

United States

Miscellaneous Wholesale

8.1

4

ADM Grain

Branch

Shobonier, IL

United States

Crop and Animal Production

3.9

4

ADM Specialty Ingredients

Branch

Fresno, CA

United States

Grocery Stores

1.1

4

ADM

Branch

Pinconning, MI

United States

Storage and Warehousing

0.7

4

ADM Grain

Branch

Mendota, IL

United States

Storage and Warehousing

0.6

4

ADM Grain

Branch

Rochelle, IL

United States

Storage and Warehousing

0.6

4

ADM Grain

Branch

St Peter, IL

United States

Storage and Warehousing

0.6

4

ADM Grain

Branch

Edgewood, IL

United States

Storage and Warehousing

0.6

4

ADM Grain

Branch

Sullivan, IL

United States

Storage and Warehousing

0.6

4

ADM Grain

Branch

Henry, IL

United States

Storage and Warehousing

0.6

4

ADM Grain

Branch

Paducah, KY

United States

Storage and Warehousing

0.6

4

ADM Grain

Branch

Frankfort, IN

United States

Storage and Warehousing

0.6

4

ADM Collingwood Grain

Branch

Guymon, OK

United States

Storage and Warehousing

0.6

4

ADM Grain

Branch

Tyrone, OK

United States

Storage and Warehousing

0.6

4

ADM Grain

Branch

Hooker, OK

United States

Storage and Warehousing

0.6

4

ADM

Branch

Brewster, KS

United States

Storage and Warehousing

0.5

4

ADM Grain

Branch

Little River, KS

United States

Storage and Warehousing

0.5

4

ADM Collingwood Grain

Branch

Jetmore, KS

United States

Storage and Warehousing

0.5

4

ADM Collingwood Grain

Branch

Greensburg, KS

United States

Storage and Warehousing

0.5

4

ADM Agri-Industries Company

Subsidiary

Watson, SK

Canada

Food Manufacturing

 

4

ADM Grain

Branch

Patoka, IL

United States

Grocery Wholesale

8.0

3

ADM Edible Bean Specialties

Branch

Appleton, MN

United States

Miscellaneous Wholesale

7.2

3

ADM Grain

Branch

Monument, KS

United States

Grocery Wholesale

7.2

3

ADM Specialty Grains

Branch

Muleshoe, TX

United States

Grocery Wholesale

5.7

3

ADM Grain

Branch

Ashton, IL

United States

Food Manufacturing

3.3

3

ADM Corn Sweeteners

Branch

River Forest, IL

United States

Food Manufacturing

0.9

3

ADM

Branch

Marshall, MN

United States

Storage and Warehousing

0.6

3

ADM Grain

Branch

Snover, MI

United States

Storage and Warehousing

0.5

3

ADM Grain

Branch

Hume, IL

United States

Storage and Warehousing

0.5

3

ADM Grain

Branch

Clinton, IL

United States

Storage and Warehousing

0.5

3

ADM Trucking

Branch

Atlanta, GA

United States

Trucking

0.5

3

ADM

Branch

Big Sandy, MT

United States

Storage and Warehousing

0.4

3

ADM Grain

Branch

Belmont, WI

United States

Storage and Warehousing

0.4

3

ADM

Branch

Seward, IL

United States

Crop and Animal Production

0.3

3

Archer Daniels Midland Co.

Facility

Monroe, NC

United States

Grocery Wholesale

 

3

ADM Agri-Industries Ltd.

Subsidiary

Strathroy, ON

Canada

Grocery Wholesale

7.3

2

ADM Grain

Branch

La Moille, IL

United States

Grocery Wholesale

5.4

2

ADM Grain

Branch

German Valley, IL

United States

Miscellaneous Wholesale

5.4

2

ADM

Branch

Monroe, NC

United States

Grocery Wholesale

5.1

2

ADM Corn Sweeteners

Branch

Caldwell, ID

United States

Food Manufacturing

1.3

2

Archer Daniels Midland Co.

Facility

La Belle, MO

United States

Storage and Warehousing

0.5

2

ADM Grain

Branch

Fort Worth, TX

United States

Storage and Warehousing

0.3

2

ADM

Branch

Shelbina, MO

United States

Storage and Warehousing

0.3

2

ADM

Branch

Hannibal, MO

United States

Storage and Warehousing

0.3

2

ADM

Branch

Laddonia, MO

United States

Storage and Warehousing

0.3

2

ADM Grain

Branch

Havana, IL

United States

Storage and Warehousing

0.3

2

ADM Grain

Branch

Amboy, IL

United States

Storage and Warehousing

0.3

2

ADM Climate Controlled Storage

Branch

Alexandria, LA

United States

Commercial Real Estate Leasing

0.1

2

Archer Daniels Midland Co.

Facility

Baring, MO

United States

Miscellaneous Wholesale

 

2

ADM Edible Bean Specialties

Branch

East Grand Forks, MN

United States

Miscellaneous Wholesale

2.4

1

ADM

Branch

Milwaukee, WI

United States

Grocery Wholesale

2.3

1

ADM

Branch

Plymouth, MA

United States

Miscellaneous Wholesale

2.0

1

ADM

Branch

Hugoton, KS

United States

Miscellaneous Wholesale

2.0

1

ADM Grain

Branch

Amboy, IL

United States

Machinery and Equipment Manufacturing

0.3

1

ADM Trucking

Branch

Fullerton, CA

United States

Trucking

0.2

1

ADM

Branch

Pinconning, MI

United States

Storage and Warehousing

0.2

1

ADM Grain

Branch

Tallula, IL

United States

Storage and Warehousing

0.2

1

ADM Agri-Industries Ltd.

Subsidiary

Burnaby, BC

Canada

Crop and Animal Production

 

1

ADM Benson Inc.

Subsidiary

Minneapolis, MN

United States

Commodities

 

1

Adm Do Brasil Ltda.

Subsidiary

Vitoria, Espirito Santo

Brazil

Food Manufacturing

5,975.3

 

ADM do Brasil Ltda.

Branch

São Paulo, SP

Brazil

Food Manufacturing

5,280.0

3,785

Joanes Industrial S/A. Produtos Químicos E Vegetais.

Subsidiary

Ilheus, Bahia

Brazil

Food Manufacturing

129.6

 

Archer Daniels Midland Singapore, Pte. Ltd.

Subsidiary

Singapore

Singapore

Consulting Services

0.0

 

ADM Cocoa Pte Ltd

Subsidiary

Singapore

Singapore

Food Manufacturing

302.1

300

Archer Daniels Midland Specialty Ingredients B.V.

Subsidiary

Koog Aan De Zaan, Noord-Holland

Netherlands

Airlines

 

 

ADM Natural Health & Nutrition

Subsidiary

Decatur, IL

United States

Food Manufacturing

 

 

ADM Europe BV

Subsidiary

Rozenburg

Netherlands

Food Manufacturing

 

 

ADM International Sàrl

Subsidiary

Rolle

Switzerland

Grocery Wholesale

 

180

Adm Bio-Productos, S.A. De C.V.

Subsidiary

 

 

 

 

 

Adm Bio-Productos, S.A. De C.V.

Branch

Cajeme, Sonora

Mexico

Grocery Wholesale

2.2

9

Controladora Adm, S.A. De C.V.

Subsidiary

 

 

 

 

 

Adm México, S.A. De C.V.

Subsidiary

Ciudad De Mexico, Distrito Federal

Mexico

Grocery Wholesale

 

260

 

 

 

Competitors Report

 

Company Name

Location

Employees

Ownership

Abengoa Bioenergy Corp.

Chesterfield, Missouri, United States

200

Private

Ag Processing Inc.

Omaha, Nebraska, United States

250

Private

Ajinomoto Co Inc

Chuo-Ku, Japan

27,518

Public

Alicorp S.A.

Lima, Peru

2,476

Public

Barry Callebaut AG

Zuerich, Switzerland

6,538

Public

Bartlett & Company

Kansas City, Missouri, United States

562

Private

Brenntag North America, Inc.

Reading, Pennsylvania, United States

3,000

Private

Buckeye Technologies Inc.

Memphis, Tennessee, United States

1,240

Private

Bunge Ltd

White Plains, New York, United States

36,000

Public

Cargill Inc

Minneapolis, Minnesota, United States

140,000

Private

ConAgra Foods, Inc.

Omaha, Nebraska, United States

34,840

Public

CP Kelco

Atlanta, Georgia, United States

40

Private

DuPont Nutrition BioSciences ApS

Copenhagen K, Denmark

6,853

Private

General Mills, Inc.

Minneapolis, Minnesota, United States

41,000

Public

Green Plains Renewable Energy Inc.

Omaha, Nebraska, United States

529

Public

GRUMA, S.A.B. de C.V.

San Pedro Garza Garcia, Mexico

19,108

Public

Hershey Co

Hershey, Pennsylvania, United States

12,100

Public

Ingredion Inc

Westchester, Illinois, United States

11,200

Public

Koch Industries Inc

Wichita, Kansas, United States

85,000

Private

Mondelez International Inc

Deerfield, Illinois, United States

110,000

Public

Nestle SA

Vevey, Switzerland

339,000

Public

Nippon Flour Mills Co., Ltd.

Shibuya-Ku, Japan

3,291

Public

Nisshin Oillio Group Ltd

Chuo-Ku, Japan

2,867

Public

Renewable Energy Group Inc

Ames, Iowa, United States

279

Public

Suedzucker Mannheim Ochsenfurt AG

Mannheim, Germany

18,230

Public

SunOpta, Inc.

Brampton, Ontario, Canada

1,830

Public

Tate & Lyle PLC

London, United Kingdom

4,322

Public

The Andersons, Inc.

Maumee, Ohio, United States

1,833

Public

The Scoular Company

Omaha, Nebraska, United States

600

Private

 

 

Executive report

 

Board of Directors

 

Name

Title

Function

 

Domingo A. Lastra

 

Chairman of the Management Board - ACTI

Chairman

 

Biography:

Mr. Domingo A. Lastra is Vice President of Archer Daniels Midland Co., and Chairman of the Management Board of ACTI, a subsidiary of the Company. He has been Vice President of the Company since September 2009. Chairman of the Management Board of Alfred C. Toepfer International, G.m.b.H. since December 2012. Vice President, Business Growth since August 2011 to December 2012. President, South American Operations from August 2006 to August 2011.

 

Age: 44

 

Education:

University of Illinois, M (Agricultural Economics)
Universidad de Belgrano, BS (Agricultural Economics)

 

Patricia A. Woertz

Chairman of the Board, President, Chief Executive Officer

Chairman

 

 

Biography:

Ms. Patricia A. Woertz is Chairman of the Board, President, Chief Executive Officer of Archer Daniels Midland Co. She is Chairman since February 2007; President and Chief Executive Officer since May 2006; previously Executive Vice President of Chevron Corporation (a diversified energy company); Director of The Procter & Gamble Company.

 

Age: 58

 

Education:

Pennsylvania State University, BS (Accounting)
Columbia University
Pennsylvania State University, BS (Accounting)

 

Compensation/Salary:$650,000

Compensation Currency: USD

 

Alan Lee Boeckmann

 

Independent Director

Director/Board Member

 

 

Biography:

Mr. Alan Lee Boeckmann is Independent Director of Archer Daniels Midland Company. He was Non-Executive Chairman of Fluor Corporation (an engineering and construction firm) from February, 2011 – February, 2012; Chairman and Chief Executive Officer of Fluor Corporation from February, 2002 – February, 2011; Director of Sempra Energy; Director of BHP Billiton and Burlington Northern Santa Fe within the past five years.

 

Age: 64

 

Education:

University of Arizona, BE (Electrical Engineering)

 

George W Buckley

 

Director

Director/Board Member

 

 

Education:

Southampton University, Doctoral (Engineering)
University of Huddersfield, BS (Electrical And Electronic Engineering)

 

Mollie Hale Carter

 

Lead Independent Director

Director/Board Member

 

 

Biography:

Ms. Mollie Hale Carter is Lead Independent Director of Archer Daniels Midland Company. Ms. Carter has twenty-five years of business experience in the agricultural sector, including consulting, finance and operations. Ms. Carter also has served since 1995 as the Chairman and/or Chief Executive Officer of a regional financial institution based in Salina, Kansas.

 

Age: 50

 

Education:

Harvard University, MBA 
Dartmouth College, B (Economics)

 

Pierre Dufour

 

Independent Director

Director/Board Member

 

 

Biography:

Mr. Pierre Dufour is Independent Director of Archer Daniels Midland Company. Mr. Dufour is Senior Executive Vice President of Air Liquide Group. Having joined Air Liquide in 1997, Mr. Dufour was named Senior Executive Vice President in November 2007. Since January 2010, he has supervised Air Liquide’s operations in the Americas, Africa-Middle East and Asia-Pacific zones, while also overseeing, globally, Air Liquide’s industrial World Business Lines, Engineering and Construction. Mr. Dufour was elected to the board of Air Liquide S.A. in May, 2012.

 

Age: 58

 

Education:

Stanford University, M (Civil Engineering)
Ecole Polytechnique de Montreal (Civil Engineering)
Harvard University (Management)

 

Donald E. Felsinger

 

Independent Director

Director/Board Member

 

 

Biography:

Mr. Donald E. Felsinger is Independent Director of Archer Daniels Midland Company. Mr. Felsinger was Executive Chairman of Sempra Energy (an energy services company) from June, 2011 – December, 2012; Chairman and Chief Executive Officer of Sempra Energy from February, 2006 – June, 2011; President and Chief Operating Officer of Sempra Energy beginning in January, 2005; Director of Northrup Grumman Corporation.

 

Age: 65

 

Education:

University of Arizona, B (Mechanical Engineering)
Stanford University

 

Victoria F. Haynes

 

Director

Director/Board Member

 

 

Education:

Boston University, doctorate (Physical/Organic Chemistry)
University of California , Berkeley, bachelor's (Chemistry)
Boston University, master's 

 

Patrick J. Moore

 

Independent Director

Director/Board Member

 

 

Biography:

Mr. Patrick J. Moore is Independent Director of Archer Daniels Midland Company. Mr. Moore retired as Chief Executive Officer of Smurfit-Stone Container Corporation in 2011, and held positions of increasing importance at Smurfit-Stone and related companies since 1987. Prior to 1987, Mr. Moore served 12 years at Continental Bank in various corporate lending, international banking and administrative positions.

 

Age: 59

 

Education:

DePaul University, B (Business Administration)

 

Antonio Maciel Neto

 

Director

Director/Board Member

 

 

Education:

Federal University of Rio de Janeiro (Mechanical Engineering)

 

Thomas F O'Neill

Independent Director

Director/Board Member

 

 

Biography:

Mr. Thomas F. O'Neill is Independent Director of Archer Daniels Midland Company. Mr. O’Neill is Chairman of the holding company of First Allied (a broker dealer) and Chairman of Ranieri Partners Financial Services Group (a company which acquires and manages financial services companies) since November, 2010; Principal, Sandler O’Neill & Partners, L.P. from 1988 – November, 2010; Director of The Nasdaq OMX Group, Inc. and Misonix, Inc.

 

Age: 66

 

Education:

New York University

 

Daniel Shih

 

Independent Director

Director/Board Member

 

 

Biography:

Mr. Daniel Shih is Independent Director of Archer Daniels Midland Company., since November 2012. Mr. Shih has served as Deputy Chairman, Executive Director and Chief Strategy Officer of Stella International Holdings Limited, a company listed on the Main Board of the Hong Kong Stock Exchange, since May, 2008. He previously held executive positions with PepsiCo (China) Investment Ltd. and Motorola (China) Electronic Ltd.

 

Age: 61

 

Timothy Venverloh

Director

Director/Board Member

 

 

Kelvin R. Westbrook

 

Independent Director

Director/Board Member

 

 

Biography:

Mr. Kelvin R. Westbrook is Independent Director of Archer Daniels Midland Company. Mr. Westbrook is President and Chief Executive Officer of KRW Advisors, LLC (a consulting and advisory firm) since October, 2007; Chairman and Chief Strategic Officer of Millennium Digital Media Systems, L.L.C. (a broadband services company) (“MDM”)(6) from approximately September, 2006 – October, 2007; President and Chief Executive Officer of Millennium Digital Media, L.L.C. from May 1997 – October, 2006; Director of Stifel Financial Corp. and Trust Manager of Camden Property Trust; Director of Angelica Corporation within the past five years.

 

Age: 57

 

Education:

Harvard School of Law, JD 
University of Washington, B (Business Administration)

 

 

Executives

 

Name

Title

Function

 

Patricia A. Woertz

Chairman of the Board, President, Chief Executive Officer

Chief Executive Officer

 

Biography:

Ms. Patricia A. Woertz is Chairman of the Board, President, Chief Executive Officer of Archer Daniels Midland Co. She is Chairman since February 2007; President and Chief Executive Officer since May 2006; previously Executive Vice President of Chevron Corporation (a diversified energy company); Director of The Procter & Gamble Company.

 

Age: 58

 

Education:

Pennsylvania State University, BS (Accounting)
Columbia University
Pennsylvania State University, BS (Accounting)

 

Compensation/Salary:$650,000

Compensation Currency: USD

 

Mark A. Bemis

 

Senior Vice President and President, Corn Business Unit

President

 

 

Biography:

Mr. Mark A. Bemis is Senior Vice President, President - Corn Processing business unit of Archer Daniels Midland Co. He served as Senior Vice President and President, Corn Processing business unit since December 2010. Vice President of the Company from February 2005 to December 2010. President, Cocoa, Milling and Other business unit from September 2009 to December 2010. President of ADM Cocoa from September 2001 to September 2009.

 

Age: 52

 

Education:

University of Illinois, B (Agricultural Economics)

 

Brent Fenton

 

President ADM Animal Nutrition

President

 

 

Matthew J. Jansen

 

Senior Vice President, President, Global Oilseeds

President

 

 

Biography:

Mr. Matthew J. Jansen is Senior Vice President, President - Oilseed Processing Business Unit of Archer Daniels Midland Co. He served as Senior Vice President of the Company since December 2010, President, Oilseeds Processing business unit since February 2010, Vice President of the Company from January 2003 to December 2010, President, Grain Operations from August 2006 to February 2010, President, South American Oilseeds Processing Division from April 2000 to August 2006.

 

Age: 46

 

Education:

University of Arkansas, BS (Agricultural Economics)

 

Compensation/Salary:$306,668

Compensation Currency: USD

 

Mark Kolkhorst

Vice President and President, Milling and Alliance Nutrition

President

 

 

Biography:

Mr. Mark L. Kolkhorst is Vice President, President - Milling and Alliance Nutrition of Archer Daniels Midland Co. He served as Vice President of the Company since December 2010, President, Milling and Alliance Nutrition since March 2012, President, Milling and Cocoa from December 2010 to March 2012, President of ADM Milling from September 2007 to November 2010, President of Specialty Feed Ingredients from June 2005 to September 2007, merchandising and management positions from 1986 to 2005.

 

Education:

Illinois State University, B (Agricultural Business)

 

Kris Lutt

 

President, Golden Peanut Company

President

 

 

Education:

University of Nebraska, BS (Biochemistry)
Illinois State University, MBA 

 

Social: 

Greg Morris

 

President, North American Oilseed Processing

President

 

 

Dennis C Riddle

President

President

 

 

Education:

High Point University, BS (Business Administration)
Duke University, MBA 

 

Social: 

Valmor Schaffer

 

President, ADM South America

President

 

 

Joseph Daniel Taets

 

Senior Vice President and President, Agricultural Services

President

 

 

Biography:

Dr. Joseph Daniel Taets is Senior Vice President, President - Agricultural Services of Archer Daniels Midland Co. He has been Senior Vice President of the Company since August 2011. President, Agricultural Services since August 2011. Vice President of the Company from September 2009 to August 2011. President, ADM Grain from December 2010 to August 2011. Vice President, ADM Grain from September 2009 to December 2010. Managing Director, European Oilseeds from September 2007 to September 2009.

 

Age: 47

 

Education:

Drake University, M (Business Administration)
Iowa State University, B (Agricultural Business)

 

Scott Walker

 

President, ADM Cocoa.

President

 

 

Chris Cuddy

 

President of Sweeteners and Starches - Corn Business Unit

Division Head Executive

 

 

Social: 

Domingo A. Lastra

 

Chairman of the Management Board - ACTI

Division Head Executive

 

 

Biography:

Mr. Domingo A. Lastra is Vice President of Archer Daniels Midland Co., and Chairman of the Management Board of ACTI, a subsidiary of the Company. He has been Vice President of the Company since September 2009. Chairman of the Management Board of Alfred C. Toepfer International, G.m.b.H. since December 2012. Vice President, Business Growth since August 2011 to December 2012. President, South American Operations from August 2006 to August 2011.

 

Age: 44

 

Education:

University of Illinois, M (Agricultural Economics)
Universidad de Belgrano, BS (Agricultural Economics)

 

Gary L. Towne

 

President - Ethanol and Risk Management

Division Head Executive

 

 

Biography:

Mr. Gary L. Towne is Vice President and President - Ethanol and Risk Management of Archer Daniels Midland Co. He has been Vice President of the Company since September 2009. Vice President, Corn Processing since October 2012. Chairman of the Management Board of Alfred C. Toepfer International, G.m.b.H. from September 2009 to October 2012. Manager, Global Risk from August 2007 to September 2009. Vice President, Corn Processing from July 2000 to August 2007.

 

Age: 57

 

Education:

Indiana University, BS (Accounting)

 

James Brainard

Vice President

Senior Management (General)

 

 

Matthew D Bruns

 

Vice President

Senior Management (General)

 

 

Steven J Cassady

 

Vice President

Senior Management (General)

 

 

Education:

Columbia University, MBA (Financial And International Business)
Purdue University, master's (Industrial Engineering)
Purdue University, master�s (Industrial Engineering)

 

Mark J Cheviron

 

Chief Administrative Officer, Vice President

Senior Management (General)

 

 

Education:

University of Illinois-Springfield, MA (Social Justice Professions)
Western Illinois University, Baccalaureate (Law Enforcement Administration)

 

Social: 

Patricia Cramerwilson

 

Executive

Senior Management (General)

 

 

Mike Gilman

 

Vice President, Manager, Director

Senior Management (General)

 

 

Edward A Harjehausen

 

Senior Vice President

Senior Management (General)

 

 

Education:

University of Iowa, BS (Business Administration)

 

Pat Laegeler

Principal

Senior Management (General)

 

 

Michael Marsh

Vice President

Senior Management (General)

 

 

Vernon Mercier

Vice President

Senior Management (General)

 

 

Doug Millar

Vice President, Product and Market Development For The Corn Processing

Senior Management (General)

 

 

Randall J Moon

International, Human Resources, Vice President

Senior Management (General)

 

 

Education:

University of Michigan, bachelor's 
Wayne State University in Detroit, bachelor's 

 

Social: 

John Oconnell

Vice President

Senior Management (General)

 

 

Becky Pagos

Vice President, Manager, Director

Senior Management (General)

 

 

Peter Reimers

 

Founder

Senior Management (General)

 

 

Randy Richardson

Senior Vice President

Senior Management (General)

 

 

Scott A Roney

 

Vice President

Senior Management (General)

 

 

Education:

Illinois State University, BA (Economics)
The University of Michigan Law School, JD 

 

A J Shafter

 

Business Development, Vice President

Senior Management (General)

 

 

Education:

Southern Illinois University, BA 
University of Illinois College of Law, JD 

 

Social: 

Marschall I Smith

 

General Counsel, Secretary, Senior Vice President

Senior Management (General)

 

 

Michelle Vanderoorde

 

Vice President

Senior Management (General)

 

 

Social: 

Charles Veech

Vice President, Manager, Director

Senior Management (General)

 

 

Todd Werpy

 

Operations, Vice President

Senior Management (General)

 

 

F Kathie Whitley

 

Human Resources, Vice President

Senior Management (General)

 

 

Education:

University of Illinois, BS (Accounting)

 

Social: 

Mark N Zenuk

 

International, Manufacturing, Vice President

Senior Management (General)

 

 

Education:

University of Saskatchewan, BS (Agricultural Economics)

 

Erica Powers

Owner

Owner/Proprietor

 

 

Cindy Zimmerman

Owner

Owner/Proprietor

 

 

Dan Bershaw

 

Vice President-Operations

Operations Executive

 

 

Amy Brandon

Director of Communications

Operations Executive

 

 

Diego Di Martino

National Operations Manager Brazil

Operations Executive

 

 

Warren Duffy

 

Vice President Export Operations

Operations Executive

 

 

Dennis Fisher

Controller-Global Trade Compliance

Operations Executive

 

 

John Guymon

Operations Executive

Operations Executive

 

 

Kevin L. Hess

 

Vice President - Oilseeds Processing Production Operations

Operations Executive

 

 

Biography:

Mr. Kevin L. Hess is Vice President - Oilseeds Processing Production Operations of Archer Daniels Midland Co. He served as Vice President and Director-Group Operations Oilseeds Processing division from December 2005 to November 2008. Vice President-European Crushing and Refining Operations from March 2003 to December 2005.

 

Age: 52

 

Education:

University of Northern Iowa, BS (Chemistry)

 

Randall R. Kampfe

 

Vice President - Corn Processing Production Operations

Operations Executive

 

 

Biography:

Mr. Randall R. Kampfe is Vice President - Corn Processing Production Operations of Archer Daniels Midland Co. He served as Vice President-Corn Processing Operations from March 1999 to November 2008.

 

Age: 65

 

Education:

University of Nebraska, MBA 
University of Nebraska, BS (Engineering)

 

Catherine Kim

Manager, Human Resources Operations

Operations Executive

 

 

Juan R. Luciano

 

Chief Operating Officer, Execuitve Vice President

Operations Executive

 

 

Biography:

Mr. Juan Ricardo Luciano is Chief Operating Officer, Executive Vice President of Archer Daniels Midland Co. He served as Executive Vice President, Performance Division at Dow Chemical Company from August 2010 to April 2011, Senior Vice President of Hydrocarbons & Basic Plastics Division at Dow Chemical Company from December 2008 to August 2010, executive and sales positions at Dow Chemical Company from 1985 to December 2008.

 

Age: 51

 

Education:

Instituto Tecnologico de Buenos Aires - ITBA (Industrial Engineering)

 

Compensation/Salary:$465,000

Compensation Currency: USD

 

Michael Lusk

 

Vice President - Captive Insurance Operations

Operations Executive

 

 

Biography:

Mr. Michael Lusk is Vice President - Captive Insurance Operations of Archer Daniels Midland Co., since November 1999.

 

Age: 63

 

Education:

Tufts University, BS (Chemical Engineering)
University of Texas at Dallas, MS (Business)

 

Social: 

John Martin

 

Manager Operations Complia

Operations Executive

 

 

Mike Moffett

 

Director Operations Training

Operations Executive

 

 

Sue Mota

 

Operations Manager

Operations Executive

 

 

Kathy Schanefelt

Director of Marketing and Operations

Operations Executive

 

 

Gord Smith

Operations, Plant Manager

Operations Executive

 

 

Mark Calmes

Vice President, Corporate Environmental Safety

Environment/Safety Executive

 

 

Leland Labrador

Regional Safety Manager

Environment/Safety Executive

 

 

Michael Nelson

 

Safety Director

Environment/Safety Executive

 

 

Ken Tague

 

Process Safety Specialist

Environment/Safety Executive

 

 

Amy Salfer

Site Administrator

Administration Executive

 

 

Social: 

David Tull

Business Manager-Industrial Ethanol

Administration Executive

 

 

Betty Yawn

 

Office Manager

Administration Executive

 

 

Richard Ryan

Assistant Deputy Director Corporate Security

Security

 

 

Social: 

D Cameron Findlay

 

Senior Vice President, General Counsel and Secretary

Company Secretary

 

 

Biography:

Mr. D. Cameron C. Findlay has been appointed as Senior Vice President, General Counsel, Secretary of Archer Daniels Midland Company effective July 15, 2013. Findlay joins ADM from Medtronic, Inc., the medical device manufacturer, where he has served as senior vice president, general counsel and secretary since 2009. Prior to joining Medtronic, he was executive vice president and general counsel at Aon Corporation, a global insurance, risk management and human resources firm, from 2003-09. In addition to his time as a general counsel, Findlay has also had a distinguished career in government service, including at the White House as deputy assistant to President George H. W. Bush, at the U.S. Department of Labor as deputy secretary, and at the U.S. Supreme Court as a law clerk for Justice Antonin Scalia. Findlay has also been a partner in the global law firm now known as Sidley Austin LLP. Findlay earned a B.A. from Northwestern University, an M.A. from Oxford University, which he attended as a Marshall Scholar, and a J.D. from Harvard Law School.

 

Age: 53

 

Education:

Harvard School of Law, JD 
University of Oxford, MA 
Northwestern University, BA (Political Science)

 

Stuart E. Funderburg

 

Assistant Secretary, Assistant General Counsel

Company Secretary

 

 

Biography:

Mr. Stuart E. Funderburg is Assistant Secretary, Assistant General Counsel of Archer Daniels Midland Co. He served as Corporate Counsel from October 2001 to November 2008. Mr. Funderburg has a Bachelor of Science in agricultural economics and agronomy from the University of Illinois and a Juris Doctor from the University of Illinois College of Law.

 

Age: 49

 

Education:

University of Illinois, JD 
University of Illinois, BS (Agricultural Economics)

 

Rob Hlawek

 

Finance Director, Europe

Finance Executive

 

 

Vikram Luthar

Group Vice President of Finance

Finance Executive

 

 

Biography:

Mr. Vikram Luthar is Group Vice President - Finance of Archer Daniels Midland Co. Mr. Luthar served as Vice President, Finance and Treasurer of the Company from August 2010 to January 1, 2012, Vice President and Treasurer of the Company from November 2004 to August 2010.

 

Education:

Indian Institute of Technology, Bachelor of Technology in aerospace engineering 
University of Pennsylvania, MBA 

 

Social: 

Cindy Steward

Director, Financial Reporting

Finance Executive

 

 

Ray G. Young

 

Chief Financial Officer, Senior Vice President

Finance Executive

 

 

Biography:

Mr. Ray G. Young is Chief Financial Officer, Senior Vice President of Archer Daniels Midland Co. He served as Senior Vice President of the Company since November 2010, Chief Financial Officer since December 2010, Vice President, International Operations at General Motors from February 2010 to October 2010, Chief Financial Officer at General Motors from March 2008 to January 2010, executive and financial positions at General Motors from 1986 to March 2008.

 

Age: 51

 

Education:

University of Chicago, M (Business Administration)
The University of Western Ontario, B (Business Administration)

 

Compensation/Salary:$383,333

Compensation Currency: USD

 

Carol Buenker

Accountant

Accounting Executive

 

 

Kim Buker

Manager - Accounting

Accounting Executive

 

 

Matt Lee

 

Information Systems Audit Analyst

Accounting Executive

 

 

Marc A. Sanner

 

Vice President, General Auditor

Accounting Executive

 

 

Biography:

Mr. Marc A. Sanner is Vice President, General Auditor of Archer Daniels Midland Co. He served as Vice President and General Auditor of the Company since November 2008, Assistant Controller from January 2003 to November 2008, Finance Director – Europe from 2005 to 2006.

 

Age: 60

 

Education:

Eastern Illinois University, MBA 
Eastern Illinois University, BS (Accounting)

 

Michael Nalefski

 

Analyst, International Tax

Corporate Tax Executive

 

 

Timothy Robinson

Director-Federal Tax Compliance

Corporate Tax Executive

 

 

Social: 

Jeanette Weeks

 

Analyst, Federal Tax

Corporate Tax Executive

 

 

Ronald S. Bandler

 

Assistant Treasurer

Treasurer

 

 

Biography:

Mr. Ronald S. Bandler is Assistant Treasurer of Archer Daniels Midland Co. He served as the Manager of Treasury Operations from 1989 to January 1998.

 

Age: 52

 

Douglas R. Ostermann

Vice President, Treasurer

Treasurer

 

 

Biography:

Mr. Douglas R. Ostermann is Vice President, Treasurer of Archer Daniels Midland Co. He served as Assistant Treasurer of the Company from November 2009 to December 2011, global treasury management positions since 2004.

 

Age: 45

 

Social: 

John P. Stott

Vice President, Controller

Controller

 

 

Biography:

Mr. John P. Stott is Vice President, Controller of Archer Daniels Midland Co. He served as Operations Controller from July 2005 to December 2006, Finance Director-Europe from January 2001 to July 2005.

 

Age: 45

 

Bob Basten

Manager of Application Development

Benefits & Compensation Executive

 

 

Tim Ellison

Compensation Analyst

Benefits & Compensation Executive

 

 

Julie Sueur

 

Human Resources Benefits Director

Benefits & Compensation Executive

 

 

Michael D'Ambrose

Senior Vice President - Human Resources

Human Resources Executive

 

 

Biography:

Mr. Michael D'Ambrose is Senior Vice President - Human Resources of Archer Daniels Midland Co. He served as Independent human resources consultant from 2005 to October 2006, Executive Vice President, Human Resources at First Data from 2003 to 2005.

 

Age: 55

 

Education:

Cornell University, BS (Industrial and Labor Relations)

 

Compensation/Salary:$700,000

Compensation Currency: USD

 

Social: 

Kevin Duffy

Vice President of Human Resources

Human Resources Executive

 

 

Kathy Elston

Human Resources Generalist

Human Resources Executive

 

 

Rebecca Johnson

Senior Human Resources Generalist

Human Resources Executive

 

 

Croci Mandracchia

Vice President Human Resources, Canada

Human Resources Executive

 

 

Jane Pierce

Vice President, Talent and Org Development

Human Resources Executive

 

 

Social: 

Cathy Rice

 

Hris Manager

Human Resources Executive

 

 

Dave Broadhacker

 

Training Specialist

Training Executive

 

 

Bert Cote

Regional Sales Manager Milling

Sales Executive

 

 

Mike Keller

Director-Sales and Marketing

Sales Executive

 

 

Eric Mack

 

Director Sales

Sales Executive

 

 

Mark Merryfield

Director of Foodservice Sales

Sales Executive

 

 

Social: 

Aaron Meyerle

Plant Manager, Sales Executive

Sales Executive

 

 

Alan Grusby

 

Director of International Technical Sales

International Sales Executive

 

 

Jackie Anderson

 

Manager, Global Media Relations

International Executive

 

 

Jeff Bomball

Senior Director, Global Business Systems

International Executive

 

 

Dan Miller

Director International Container Rates

International Executive

 

 

Rae Stoner

Manager, Global Mobility

International Executive

 

 

John Thalhhauser

 

Global Category Manager

International Executive

 

 

Jennifer Balinger

Vice President Marketing

Marketing Executive

 

 

Eric Catron

E Marketing Specialist, E Marketing Specialist, Manager of Product

Marketing Executive

 

 

Social: 

Steven Finn

Director Marketing

Marketing Executive

 

 

Dave Jones

 

Marketing Manager

Marketing Executive

 

 

Dave Ragan

 

Marketing

Marketing Executive

 

 

Education:

MacMurray College, BS (Economics And Accounting)

 

Sara Vermeulen

 

Director of European Marketing and Communications

Marketing Executive

 

 

Jessica Hall

Information Technology Manager, Internal Work Processes and Communications

Corporate Communications Executive

 

 

Victoria A. Podesta

 

Chief Communications Officer, Vice President

Corporate Communications Executive

 

 

Biography:

Ms. Victoria A. Podesta is Chief Communications Officer, Vice President of Archer Daniels Midland Co. She is Corporate communications consultant for global companies from 1989 to May 2007.

 

Age: 56

 

Education:

University of San Francisco, M (Writing)
Scripps College, B 

 

Chris Damilatis

 

Vice President Investor Services

Investor Relations Executive

 

 

Case McGee

Vice President - Investor Relations

Investor Relations Executive

 

 

Social: 

Scott Avart

 

Information Technology Security Engineer

Information Executive

 

 

Jeanette Baker

Information Analyst

Information Executive

 

 

Eric Blake

 

Senior Information Technology Manager

Information Executive

 

 

Jason Boesch

 

Information Technology Manager

Information Executive

 

 

Jim Dubblede

Vice President-Information Technology Infrastructure

Information Executive

 

 

Mary Fawcett

 

Information Technology Manager

Information Executive

 

 

Ken Flemming

Information Technology Director

Information Executive

 

 

Social: 

Randy Flemming

 

Information Technology Manager

Information Executive

 

 

Jerry Follis

 

Manager, Information Technology Transportation

Information Executive

 

 

Joe Garrett

Information Technology Manager

Information Executive

 

 

Kim Gord

 

Information Technology Department Mana

Information Executive

 

 

David Grube

Business Analyst Supervisor

Information Executive

 

 

Social: 

Gilbert Heinz

Information Technology Manager

Information Executive

 

 

Mark Heneghan

 

Information Technology Security Engineer

Information Executive

 

 

Social: 

Vernon Huber

Director of Strategic Technology Devel...

Information Executive

 

 

Diana Jackson

 

Information Technology Inventory and Procurement

Information Executive

 

 

Roby Jose

 

Senior Information Technology Business Analyst

Information Executive

 

 

Bob Kistenfeger

Director Information Technology

Information Executive

 

 

Jeremy Knight

Network Analyst

Information Executive

 

 

Douglas Land

 

Information Technology Scale Application Support Analyst

Information Executive

 

 

John Levault

 

Information Technology Access Management Specialist

Information Executive

 

 

David Matlock

 

Information Technology Professional

Information Executive

 

 

Gary Mruz

Information Technology

Information Executive

 

 

Social: 

Robert Nantais

 

Information Technology Manager

Information Executive

 

 

Scott Northway

Information Technology Project Manager

Information Executive

 

 

Eric Pries

Information Technology Manager Develop

Information Executive

 

 

Social: 

Rick Ruggiero

Information Technology Manager

Information Executive

 

 

Jan Runion

Information Systems, Information Technology Technology Professional

Information Executive

 

 

Brian Schwalbe

 

Information Technology

Information Executive

 

 

Brent Stevenson

 

Manager, Information Technology

Information Executive

 

 

John Telthorst

 

Information Technology Business Analyst

Information Executive

 

 

Jon Tiede

 

Information Technology Manager

Information Executive

 

 

Robert Wallace

Manager Desktop Systems

Information Executive

 

 

Martin Wells

 

Information Technology Specialist

Information Executive

 

 

Neil Widlack

Information Technology Director

Information Executive

 

 

Cody Wilson

 

Information Technology Systems Analyst

Information Executive

 

 

Matt Jacobson

Manager E-Business & Web Platform

Network Management Executive

 

 

Dan Lara

 

Senior Network Administrator

Network Management Executive

 

 

Sandy Reed

Senior Network Manager

Network Management Executive

 

 

Steven Sheeley

Network Manager

Network Management Executive

 

 

Social: 

Bob Archibald

Systems Content Administrator

Engineering/Technical Executive

 

 

Melissa Bajric

 

System Administrator

Engineering/Technical Executive

 

 

Mike Cecava

Director of Feed Technology

Engineering/Technical Executive

 

 

Rodney Dayson

Engineering Management

Engineering/Technical Executive

 

 

Eric Dennison

 

Process Engineer

Engineering/Technical Executive

 

 

Bob Dietz

Laboratory Supervisor

Engineering/Technical Executive

 

 

Bill Dively

 

Reliability Engineer

Engineering/Technical Executive

 

 

Janine Einhellig

 

Research Engineer

Engineering/Technical Executive

 

 

Tim Evans

Pc Technology Analyst

Engineering/Technical Executive

 

 

Vanessa Graden

Project Engineer Cogeneration

Engineering/Technical Executive

 

 

Jeff Hachmann

Database Administrator

Engineering/Technical Executive

 

 

Troy Haines

 

Analytical Lab Manager

Engineering/Technical Executive

 

 

Andrew Hanes

 

Manager, Systems Administration

Engineering/Technical Executive

 

 

Xiaofan Jia

 

Software Engineer

Engineering/Technical Executive

 

 

Michael Kruley

Field Engineer

Engineering/Technical Executive

 

 

Jeremy Macclure

 

Maintenance Reliability Engineer

Engineering/Technical Executive

 

 

Gary Merz

Vice President Technology

Engineering/Technical Executive

 

 

Gene Persons

Utilities Engineer

Engineering/Technical Executive

 

 

Michael Price

 

Tablet, Powder Technologist

Engineering/Technical Executive

 

 

Michael Rambo

Technical Services

Engineering/Technical Executive

 

 

Derek Richards

 

Information Technology Systems Administrator

Engineering/Technical Executive

 

 

Rita Smith

 

Systems Administrator General Counsel

Engineering/Technical Executive

 

 

Tom Tiffany

Technical Services

Engineering/Technical Executive

 

 

Robert Wetter

Director, Instrument, Electrical & Computer Engineering

Engineering/Technical Executive

 

 

Carrie Young

Application Development Manager

Engineering/Technical Executive

 

 

Social: 

Jeremy Zientarakelly

 

Systems Administrator

Engineering/Technical Executive

 

 

Jim Foster

Director of Research

Research & Development Executive

 

 

Mark Matlock

 

Senior Vice President-Research & Development

Research & Development Executive

 

 

Social: 

Zheng Wang

Research and Development

Research & Development Executive

 

 

Eric White

Research Chef

Research & Development Executive

 

 

Dahe Yang

Professional Staffing Researcher

Research & Development Executive

 

 

Conrad Givers

 

Vice President, ADM Corn Processing

Product Management Executive

 

 

Social: 

Chris Hawver

 

Product Manager

Product Management Executive

 

 

Katheryne Rehberg

Product Manager

Product Management Executive

 

 

Donald Black

Manager Business Development Packaged Oils

Business Development Executive

 

 

Gordon Gregory

Vice President, Specialty Ingredients

Business Development Executive

 

 

Greg Mills

Director Business Development-Transportation

Business Development Executive

 

 

Lola Stevens

Business Analyst

Business Development Executive

 

 

Dwight Grimestad

 

Vice President, Corporate Strategy

Planning Executive

 

 

Social: 

Tammi Greene

 

Assistant Vice President of Lending Compliance Officer

Legal Executive

 

 

Fred Kenney

 

Senior Counsel-Litigation

Legal Executive

 

 

Barry Bollwinkel

Plant Manager

Manufacturing Executive

 

 

Amsey Boyd

 

Plant Manager

Manufacturing Executive

 

 

Keith Browne

Plant Manager

Manufacturing Executive

 

 

Russ Godfrey

Plant Manager

Manufacturing Executive

 

 

Brad Heald

 

Plant Manager

Manufacturing Executive

 

 

Richard Irish

 

Plant Manager

Manufacturing Executive

 

 

Bruce Jorgenson

 

Plant Manager

Manufacturing Executive

 

 

Bob Kieffer

Plant Manager

Manufacturing Executive

 

 

Matthew Philips

Plant Manager

Manufacturing Executive

 

 

Social: 

Dave Polack

Plant Manager

Manufacturing Executive

 

 

Luther Pullman

Plant Manager

Manufacturing Executive

 

 

Steve Rogers

Plant Manager

Manufacturing Executive

 

 

Greg Shaw

Plant Manager

Manufacturing Executive

 

 

Jim Starling

 

Facilities, Plant Director

Manufacturing Executive

 

 

Richard Steel

 

Plant Manager

Manufacturing Executive

 

 

Steve Storniolo

 

Director - Production

Manufacturing Executive

 

 

Jeff Williams

 

Plant Manager

Manufacturing Executive

 

 

Jeff Wondra

 

Production Manager

Manufacturing Executive

 

 

Charlie Carnahan

Logistics Manager

Logistics Executive

 

 

Dale Grimshaw

 

Fleet Manager

Logistics Executive

 

 

Connie Machaman

 

Director of Transportation

Logistics Executive

 

 

Steve Sheets

Director of Transportation

Logistics Executive

 

 

Jim Riebock

 

Corporate Facilities Management-Recycling Coordinator

Facilities Executive

 

 

Trevor Wingenbach

 

Maintenance Manager

Facilities Executive

 

 

Denis Lentz

 

Purchasing

Purchasing Executive

 

 

Dennis Lynch

Director Purchasing

Purchasing Executive

 

 

Brian Rudolph

Purchasing

Purchasing Executive

 

 

Terry Spencer

Director - Purchasing

Purchasing Executive

 

 

Mark Flint

Ethanol Quality Manager

Quality Executive

 

 

Chad Minks

 

Manager, Quality Assurance

Quality Executive

 

 

Social: 

David Projeski

 

Quality Assurance Director

Quality Executive

 

 

Cindy Stricker

Quality Assurance Manager

Quality Executive

 

 

Don Sullens

 

Quality Assurance Director

Quality Executive

 

 

Bruce Whitney

Quality Assurance, Recal Packaged Oil Coordinator

Quality Executive

 

 

Craig E. Huss

 

Senior Vice President and Chief Risk Officer

Insurance Executive

 

 

Biography:

Mr. Craig E. Huss is Chief Risk Officer, Senior Vice President of Archer Daniels Midland Co. He has been Senior Vice President of the Company from December 2010. Chief Risk Officer since August 2011. President, Agricultural Services business unit from September 2009 to August 2011. Vice President of the Company from January 2001 to December 2010. President of ADM Transportation from 1999 to September 2009.

 

Age: 61

 

Education:

Southeastern Louisiana University, M (Business Administration)
Southeastern Louisiana University, B (Business Administration)

 

Kent Soellner

Risk Manager

Insurance Executive

 

 

Education:

Iowa State University, BS (Finance)

 

Social: 

Shannon Herzfeld

Vice President - Government Affairs Function

Government/Public Affairs Executive

 

 

Biography:

Ms. Shannon Herzfeld is Vice President - Government Affairs Function of Archer Daniels Midland Co. She is Senior Vice President-International Affairs with Pharmaceutical Research and Manufacturers of America (PhRMA) trade association from January 1998 to December 2004.

 

Age: 60

 

Education:

The Wharton School of the University of Pennsylvania, MBA 
Tufts University, MA 

 

Social: 

Tom Adcock

 

Ba Sl Support

Other

 

 

Del Cahill

 

Director Emulsifier Platform

Other

 

 

Frederick Frese

Board Recovery Coordinator

Other

 

 

Shelby Homm

Ms

Other

 

 

Jim Langen

 

Ecm Manager

Other

 

 

Tim Lee

 

Project Director

Other

 

 

Margaret Loebl

 

Group Vice Presidentfinance

Other

 

 

Connie Mcmahan

Dispatch

Other

 

 

Cheryl Myers

Assistant Vice President of Corp Services

Other

 

 

Ismael Roig

Vice President, President, Asia Pacific

Other

 

 

Biography:

Mr. Ismael Roig is Vice President, President, Asia Pacific of Archer Daniels Midland Co. He seved as Vice President of the Company since December 2004, President, Asia Pacific since August 2011, Vice President and Executive Director, Asia-Pacific from July 2010 to August 2011, Vice President Planning & Business Development from December 2004 to July 2010.

 

Age: 45

 

Education:

University of Virginia, MBA 
Cranfield University, MS (Engineering)
University of Reading, BS 

 

David Turner

Manager

Other

 

 

Gregory Webb

Manager

Other

 

 

Preston Witt

Reliability Program Manager

Other

 

 

 

 

Significant Developments

 

Australia rejected $2.6 billion takeover of GrainCorp Ltd By Archer Daniels Midland co

 

Archer Daniels Midland co:Says Australia rejected a A$2.8 billion ($2.6 billion) takeover of GrainCorp Ltd by Archer Daniels Midland co

 

Archer Daniels Midland co announces additional commitment on acquisition of GrainCorp Ltd Nov 27, 2013

 

Archer Daniels Midland co and GrainCorp Ltd:Says Archer Daniels Midland co (ADM) will launch an additional A$200 million investment on Australian agricultural infrastructure.Says ADM announced price caps on grain handling charges at silos and ports.Says ADM committed to grain infrastructure access for growers and third parties.Says ADM committed to open access regime for port services.Says ADM announced grower and community advisory board as well as regular public grower consultation.Says ADM will provide support for expanded grain stocks information arrangements.

 

GrainCorp Ltd Shares Fall 5% On Report That Archer Daniels Midland Co Deal Will Be Rejected Nov 15, 2013 reported that GrainCorp Ltd fell 5% after a media report said Australia's Prime Minister will reject an AUD3.0 billion ($2.80 billion) takeover by Archer Daniels Midland Co (ADM). GrainCorp shares hit a low of A$11.41 a share, their lowest since April 22, after the Western Australia paper said Tony Abbott will reject the deal, citing unnamed sources within the ruling Liberal Party.

 

Archer Daniels Midland co Declares Cash Dividend Oct 31, 2013

 

Archer Daniels Midland announced that its Board of Directors declared a cash dividend of $0.19 per share on the Company's common stock payable December 5, 2013, to stockholders of record November 14, 2013.

 

Archer Daniels Midland co Expects To Complete GrainCorp Ltd Deal In Q1 2014

Oct 29, 2013 reported that Archer Daniels Midland Co expects to complete its acquisition of Australian grain handler GrainCorp Ltd in the first quarter of 2014. ADM, had expected to complete the deal by the end of the year. ADM agreed in April to buy GrainCorp for AUD3.0 billion ($2.8 billion). ADM is awaiting regulatory approvals in China and Australia. Australian Treasurer Joe Hockey this month extended the deadline for a regulatory decision to December 17 due to the size and complex nature of the transaction.

 

Cargill Inc Close To Agreeing Purchase Of Archer Daniels Midland Co's Cocoa Business Oct 02, 2013 reported that Cargill Inc is in the final stages of a deal to buy Archer Daniels Midland Co's cocoa business. Financial details of the deal were not clear.

 

Archer Daniels Midland co's ADM Investor Services Fined $425,000 For Commingling Customer Funds Sep 30, 2013 reported that The U.S. Commodity Futures Trading Commission fined futures brokerage Archer Daniels Midland co's ADM Investor Services Inc $425,000 for commingling customer funds with funds from its non-customer accounts. As a futures commission merchant, ADM Investor Services is required to keep customer funds segregated from other accounts per Section 4d(a)(2) of the Commodity Exchange Act. CFTC found that ADMIS violated the rule when it treated the accounts of certain ADM-owned affiliates as customer accounts prior to July 2011. The CFTC Order finds that as a result of ADM's ownership and voting interests in ADMIS and the affiliates, ADMIS was prohibited from commingling its customers' funds with funds held in the affiliates' accounts. The Commission has not alleged or found that ADMIS profited from the classification of these accounts as customer accounts, nor have they alleged or found that we intended to profit from it.

 

Archer Daniels Midland co Declares Cash Dividend Aug 07, 2013

 

Archer Daniels Midland co announced that it declared a cash dividend of $0.19 per share on the Company`s common stock payable September 12, 2013, to Stockholders of record August 22, 2013.

 

South Korea Clears Archer Daniels Midland co Acquisition Of GrainCorp Limited Aug 07, 2013

 

Archer Daniels Midland co announced that The Korea Fair Trade Commission has notified Archer Daniels Midland Company of its approval of ADM`s proposed acquisition of GrainCorp Limited. This brings the number of government agencies that have cleared the acquisition to seven. The European Commission, the Japan Fair Trade Commission, South Africa`s Competition Commission and Canada`s Competition Bureau cleared the acquisition in July; the Australian Competition and Consumer Commission did so in June. The United States Federal Trade Commission also approved the acquisition last November. ADM continues to work with regulators in Australia and China.

 

Japan Clears Archer Daniels Midland co Acquisition Of GrainCorp Limited Jul 23, 2013

 

Archer Daniels Midland co announced that The Japan Fair Trade Commissio notified of its approval of ADM`s proposed acquisition of GrainCorp Limited. This brings the number of government agencies that have cleared the acquisition to five. South Africa`s Competition Commission and Canada`s Competition Bureau cleared the acquisition earlier this month, and the Australian Competition and Consumer Commission did so in June. The United States Federal Trade Commission also approved the acquisition last November. ADM continues to work with regulators in Australia, China, the European Union, and South Korea.

 

South Africa's Competition Commission Clears Archer Daniels Midland co Acquisition Of GrainCorp Ltd Jul 11, 2013

 

Archer Daniels Midland co announced that The Competition Commission of South Africa today the Company of its approval of ADM's proposed acquisition of GrainCorp Limited. Canada's Competition Bureau cleared the acquisition last week, and the Australian Competition and Consumer Commission did so in June. The United States Federal Trade Commission also approved the acquisition last November. ADM continues to work with regulators in Australia, China, the European Union, Japan and South Korea.

 

ACCC To Not Oppose Archer Daniels Midland Co's Acquisition Of GrainCorp Ltd Jun 26, 2013

 

The Australian Competition and Consumer Commission announced that it does not propose to oppose Archer Daniels Midland Co's (ADM) proposed acquisition of GrainCorp Ltd. The ACCC concluded that the proposed acquisition would be unlikely to substantially lessen competition as the merged entity would continue to face competition from a number of sources. In forming its view, the ACCC conducted an extensive public review process which involved consultation with grain growers, industry bodies and competitors about the likely effect of the proposed transaction on competition. The ACCC's review looked at two key issues. First, the ACCC examined whether the proposed transaction would substantially lessen competition in any market by removing the existing competition between ADM and GrainCorp. Second, the ACCC examined whether ADM would have different incentives to GrainCorp such that it would be likely to foreclose third party access to the storage and transport supply chain following the merger, which may in turn reduce competition between traders to acquire grain. In forming its view, the ACCC noted the importance of ensuring access to bottleneck infrastructure where necessary. In this context, the ACCC currently administers access undertakings for access to bulk wheat port terminal services.

 

Archer Daniels Midland co In Talks To Sell Cocoa Unit Jun 20, 2013 reported that Archer Daniels Midland co said, it is in talks to sell its cocoa business in a further sign that the U.S. agribusiness giant is focusing on expanding its footprint in the burgeoning global grains sector. A sale of ADM's cocoa division, estimated to be worth $2 billion.

 

Archer Daniels Midland Co Declares Cash Dividend May 02, 2013

 

Archer Daniels Midland Co announced that its Board of Directors declared a cash dividend of $0.19 per share on the company`s common stock payable June 6, 2013, to stockholders of record May 16, 2013.

 

GrainCorp Ltd Enters Into Takeover Bid Implementation Deed With Archer Daniels Midland Company Apr 25, 2013

 

GrainCorp Ltd announced that it has entered into a takeover bid implementation deed (Implementation Deed) with Archer Daniels Midland Company (ADM) under which ADM, subject to the satisfactory completion of limited confirmatory due diligence, will make an off-market takeover offer to acquire all the outstanding shares in GrainCorp not already held by ADM (ADM Offer). If the ADM Offer proceeds, and is successfully completed, shareholders will receive AUD 13.20 per share, comprising a cash payment ofAUD 12.20 per share under the ADM Offer and dividends totaling AUD 1.00 per share.

 

Archer Daniels Midland Co Increases Cash Dividend Feb 06, 2013

 

Archer Daniels Midland Co announced that Board of Directors today declared a cash dividend of 19 cents per share on the company`s common stock payable March 13, 2013, to stockholders of record February 20, 2013. This is an increase of 8.6 %, or 1.5 cents per share.

 

Explosion Forces Shutdown At Archer Daniels Midland Co Plant In Illinois-AP Jan 09, 2013

 

The Associated Press reported that Archer Daniels Midland Co (ADM) has temporarily shut down operations at its corn processing plant in central Illinois after an early morning explosion damaged the facility. ADM is investigating and working to determine the extent of the damage.

 

GrainCorp Ltd Rejects Sweetened Archer Daniels Midland Co Offer Dec 12, 2012 reported that GrainCorp Ltd rejected on Thursday a sweetened $2.9 billion bid from Archer Daniels Midland Co (ADM), saying the offer materially undervalues Australia's last major independent grains handler. Australian agricultural businesses have been targeted by big players in recent years, part of a global consolidation amid intense competition to feed fast-developing countries seeking food security. ADM lifted its offer last month by 3.8% from AUD11.75 per share to AUD12.20 per share in cash, a 40% premium to GrainCorp's share price at the time of the initial offer in October.

 

 

Annual Income Statement

 

 

Financials in: USD (mil) 

Except for share items (millions) and per share items (actual units)           

 

 

 

31-Dec-2012

30-Jun-2012

30-Jun-2011

30-Jun-2010

30-Jun-2009

Period Length

6 Months

12 Months

12 Months

12 Months

12 Months

UpdateType/Date

Updated Normal 
31-Dec-2012

Updated Normal 
30-Jun-2012

Updated Normal 
30-Jun-2011

Updated Normal 
30-Jun-2010

Restated Normal 
30-Jun-2010

Filed Currency

USD

USD

USD

USD

USD

Exchange Rate (Period Average)

1

1

1

1

1

Auditor

Ernst & Young LLP

Ernst & Young LLP

Ernst & Young LLP

Ernst & Young LLP

Ernst & Young LLP

Auditor Opinion

Unqualified

Unqualified

Unqualified

Unqualified

Unqualified

 

 

 

 

 

 

    Net Sales

46,729.0

89,038.0

80,676.0

61,682.0

69,207.0

Revenue

46,729.0

89,038.0

80,676.0

61,682.0

69,207.0

Total Revenue

46,729.0

89,038.0

80,676.0

61,682.0

69,207.0

 

 

 

 

 

 

    Cost of Revenue

44,927.0

85,370.0

76,376.0

57,839.0

65,118.0

Cost of Revenue, Total

44,927.0

85,370.0

76,376.0

57,839.0

65,118.0

Gross Profit

1,802.0

3,668.0

4,300.0

3,843.0

4,089.0

 

 

 

 

 

 

    Selling/General/Administrative Expense

869.0

1,626.0

1,611.0

1,398.0

1,412.0

Total Selling/General/Administrative Expenses

869.0

1,626.0

1,611.0

1,398.0

1,412.0

        Interest Expense - Operating

213.0

441.0

482.0

422.0

469.0

    Interest Expense - Net Operating

213.0

441.0

482.0

422.0

469.0

        Interest Income - Operating

-59.0

-112.0

-136.0

-126.0

-181.0

        Investment Income - Operating

-261.0

-498.0

-587.0

-511.0

-128.0

    Interest/Investment Income - Operating

-320.0

-610.0

-723.0

-637.0

-309.0

Interest Expense (Income) - Net Operating Total

-107.0

-169.0

-241.0

-215.0

160.0

    Impairment-Assets Held for Use

146.0

437.0

0.0

-

-

    Loss (Gain) on Sale of Assets - Operating

-113.0

0.0

-71.0

0.0

-24.0

    Other Unusual Expense (Income)

5.0

12.0

15.0

75.0

0.0

Unusual Expense (Income)

38.0

449.0

-56.0

75.0

-24.0

    Other, Net

5.0

-3.0

-29.0

0.0

41.0

Other Operating Expenses, Total

5.0

-3.0

-29.0

0.0

41.0

Total Operating Expense

45,732.0

87,273.0

77,661.0

59,097.0

66,707.0

 

 

 

 

 

 

Operating Income

997.0

1,765.0

3,015.0

2,585.0

2,500.0

 

 

 

 

 

 

Income Before Tax

997.0

1,765.0

3,015.0

2,585.0

2,500.0

 

 

 

 

 

 

Total Income Tax

303.0

523.0

997.0

666.0

812.0

Income After Tax

694.0

1,242.0

2,018.0

1,919.0

1,688.0

 

 

 

 

 

 

    Minority Interest

-2.0

-19.0

18.0

11.0

-4.0

Net Income Before Extraord Items

692.0

1,223.0

2,036.0

1,930.0

1,684.0

Net Income

692.0

1,223.0

2,036.0

1,930.0

1,684.0

 

 

 

 

 

 

Income Available to Common Excl Extraord Items

692.0

1,223.0

2,036.0

1,930.0

1,684.0

 

 

 

 

 

 

Income Available to Common Incl Extraord Items

692.0

1,223.0

2,036.0

1,930.0

1,684.0

 

 

 

 

 

 

Basic/Primary Weighted Average Shares

660.0

665.0

642.0

643.0

643.0

Basic EPS Excl Extraord Items

1.05

1.84

3.17

3.00

2.62

Basic/Primary EPS Incl Extraord Items

1.05

1.84

3.17

3.00

2.62

Dilution Adjustment

-

-

13.0

0.0

0.0

Diluted Net Income

692.0

1,223.0

2,049.0

1,930.0

1,684.0

Diluted Weighted Average Shares

661.0

666.0

654.0

644.0

644.0

Diluted EPS Excl Extraord Items

1.05

1.84

3.13

3.00

2.61

Diluted EPS Incl Extraord Items

1.05

1.84

3.13

3.00

2.61

Dividends per Share - Common Stock Primary Issue

0.35

0.69

0.62

0.58

0.54

Gross Dividends - Common Stock

230.0

455.0

395.0

372.0

347.0

Interest Expense, Supplemental

213.0

441.0

482.0

422.0

469.0

Interest Capitalized, Supplemental

-12.0

-21.0

-7.0

-75.0

-95.0

Depreciation, Supplemental

435.0

848.0

877.0

857.0

730.0

Total Special Items

38.0

449.0

-56.0

75.0

-24.0

Normalized Income Before Tax

1,035.0

2,214.0

2,959.0

2,660.0

2,476.0

 

 

 

 

 

 

Effect of Special Items on Income Taxes

11.5

133.0

-18.5

19.3

-7.8

Inc Tax Ex Impact of Sp Items

314.5

656.0

978.5

685.3

804.2

Normalized Income After Tax

720.5

1,558.0

1,980.5

1,974.7

1,671.8

 

 

 

 

 

 

Normalized Inc. Avail to Com.

718.5

1,539.0

1,998.5

1,985.7

1,667.8

 

 

 

 

 

 

Basic Normalized EPS

1.09

2.31

3.11

3.09

2.59

Diluted Normalized EPS

1.09

2.31

3.08

3.08

2.59

Rental Expenses

106.0

209.0

251.0

241.0

217.0

Research & Development Exp, Supplemental

28.0

56.0

60.0

56.0

50.0

Normalized EBIT

928.0

2,045.0

2,718.0

2,445.0

2,636.0

Normalized EBITDA

1,363.0

2,893.0

3,595.0

3,302.0

3,366.0

    Current Tax - Domestic

92.0

300.0

251.0

422.0

626.0

    Current Tax - Foreign

83.0

118.0

222.0

195.0

139.0

    Current Tax - Local

9.0

21.0

10.0

18.0

28.0

Current Tax - Total

184.0

439.0

483.0

635.0

793.0

    Deferred Tax - Domestic

92.0

66.0

483.0

107.0

-4.0

    Deferred Tax - Foreign

7.0

9.0

-12.0

-72.0

13.0

    Deferred Tax - Local

20.0

9.0

43.0

-4.0

10.0

Deferred Tax - Total

119.0

84.0

514.0

31.0

19.0

Income Tax - Total

303.0

523.0

997.0

666.0

812.0

Interest Cost - Domestic

61.0

130.0

120.0

119.0

111.0

Service Cost - Domestic

44.0

71.0

71.0

58.0

52.0

Expected Return on Assets - Domestic

-75.0

-141.0

-132.0

-117.0

-113.0

Actuarial Gains and Losses - Domestic

42.0

52.0

59.0

31.0

2.0

Curtailments & Settlements - Domestic

68.0

30.0

0.0

0.0

0.0

Other Pension, Net - Domestic

2.0

5.0

5.0

6.0

6.0

Domestic Pension Plan Expense

142.0

147.0

123.0

97.0

58.0

Interest Cost - Post-Retirement

6.0

12.0

13.0

16.0

13.0

Service Cost - Post-Retirement

4.0

7.0

8.0

9.0

7.0

Actuarial Gains and Losses - Post-Retir.

0.0

4.0

0.0

5.0

1.0

Curtailments & Settlements - Post-Retir.

0.0

0.0

0.0

0.0

-15.0

Other Post-Retirement, Net

0.0

-2.0

-1.0

-1.0

-1.0

Post-Retirement Plan Expense

10.0

21.0

20.0

29.0

5.0

Defined Contribution Expense - Domestic

23.0

-

43.0

40.0

35.0

Total Pension Expense

175.0

168.0

186.0

166.0

98.0

Discount Rate - Domestic

4.00%

5.50%

5.20%

6.10%

6.50%

Discount Rate - Post-Retirement

4.00%

5.50%

5.40%

6.30%

6.80%

Expected Rate of Return - Domestic

7.00%

7.10%

7.10%

7.10%

7.20%

Compensation Rate - Domestic

3.90%

3.90%

3.90%

3.80%

3.90%

Total Plan Interest Cost

67.0

142.0

133.0

135.0

124.0

Total Plan Service Cost

48.0

78.0

79.0

67.0

59.0

Total Plan Expected Return

-75.0

-141.0

-132.0

-117.0

-113.0

Total Plan Other Expense

2.0

3.0

4.0

5.0

5.0

 

 

Annual Balance Sheet

Financials in: USD (mil)

 

 

 

31-Dec-2012

30-Jun-2012

30-Jun-2011

30-Jun-2010

30-Jun-2009

UpdateType/Date

Updated Normal 
31-Dec-2012

Restated Normal 
31-Dec-2012

Restated Normal 
31-Dec-2012

Restated Normal 
30-Jun-2011

Restated Normal 
30-Jun-2010

Filed Currency

USD

USD

USD

USD

USD

Exchange Rate

1

1

1

1

1

Auditor

Ernst & Young LLP

Ernst & Young LLP

Ernst & Young LLP

Ernst & Young LLP

Ernst & Young LLP

Auditor Opinion

Unqualified

Unqualified

Unqualified

Unqualified

Unqualified

 

 

 

 

 

 

    Cash & Equivalents

1,714.0

1,291.0

615.0

1,046.0

1,055.0

    Short Term Investments

576.0

176.0

739.0

394.0

500.0

Cash and Short Term Investments

2,290.0

1,467.0

1,354.0

1,440.0

1,555.0

        Accounts Receivable - Trade, Gross

3,537.0

3,531.0

4,908.0

6,219.0

7,414.0

        Provision for Doubtful Accounts

-87.0

-92.0

-100.0

-97.0

-103.0

    Trade Accounts Receivable - Net

3,450.0

3,439.0

4,808.0

6,122.0

7,311.0

    Other Receivables

900.0

629.0

0.0

-

-

Total Receivables, Net

4,350.0

4,068.0

4,808.0

6,122.0

7,311.0

    Inventories - Other

13,002.0

11,705.0

11,505.0

7,450.0

7,304.0

    LIFO Reserve

834.0

487.0

550.0

421.0

478.0

Total Inventory

13,836.0

12,192.0

12,055.0

7,871.0

7,782.0

    Restricted Cash - Current

3,638.0

3,263.0

3,396.0

2,337.0

2,430.0

    Other Current Assets

5,648.0

5,964.0

5,891.0

624.0

330.0

Other Current Assets, Total

9,286.0

9,227.0

9,287.0

2,961.0

2,760.0

Total Current Assets

29,762.0

26,954.0

27,504.0

18,394.0

19,408.0

 

 

 

 

 

 

        Buildings

4,807.0

4,609.0

4,413.0

4,008.0

3,304.0

        Land/Improvements

378.0

325.0

305.0

277.0

240.0

        Machinery/Equipment

16,984.0

16,729.0

16,245.0

15,107.0

13,052.0

        Construction in Progress

1,004.0

1,027.0

765.0

612.0

2,245.0

    Property/Plant/Equipment - Gross

23,173.0

22,690.0

21,728.0

20,004.0

18,841.0

    Accumulated Depreciation

-13,050.0

-12,878.0

-12,228.0

-11,292.0

-10,891.0

Property/Plant/Equipment - Net

10,123.0

9,812.0

9,500.0

8,712.0

7,950.0

Goodwill, Net

551.0

603.0

602.0

523.0

532.0

    LT Investment - Affiliate Companies

3,170.0

3,388.0

3,240.0

2,799.0

2,459.0

    LT Investments - Other

717.0

262.0

666.0

678.0

626.0

Long Term Investments

3,887.0

3,650.0

3,906.0

3,477.0

3,085.0

    Other Long Term Assets

813.0

752.0

840.0

702.0

607.0

Other Long Term Assets, Total

813.0

752.0

840.0

702.0

607.0

Total Assets

45,136.0

41,771.0

42,352.0

31,808.0

31,582.0

 

 

 

 

 

 

Accounts Payable

4,787.0

2,474.0

2,581.0

5,538.0

5,786.0

Accrued Expenses

1,911.0

1,206.0

1,566.0

2,577.0

2,695.0

Notes Payable/Short Term Debt

2,816.0

2,108.0

1,875.0

374.0

356.0

Current Portion - Long Term Debt/Capital Leases

268.0

1,677.0

178.0

344.0

48.0

    Other Payables

4,620.0

4,166.0

4,259.0

-

-

    Other Current Liabilities

2,591.0

2,995.0

2,759.0

-

-

Other Current liabilities, Total

7,211.0

7,161.0

7,018.0

-

-

Total Current Liabilities

16,993.0

14,626.0

13,218.0

8,833.0

8,885.0

 

 

 

 

 

 

    Long Term Debt

6,456.0

6,535.0

8,266.0

6,830.0

7,592.0

Total Long Term Debt

6,456.0

6,535.0

8,266.0

6,830.0

7,592.0

Total Debt

9,540.0

10,320.0

10,319.0

7,548.0

7,996.0

 

 

 

 

 

 

    Deferred Income Tax - LT Liability

1,267.0

1,001.0

1,018.0

439.0

308.0

Deferred Income Tax

1,267.0

1,001.0

1,018.0

439.0

308.0

Minority Interest

211.0

200.0

30.0

22.0

26.0

    Other Long Term Liabilities

1,289.0

1,440.0

1,012.0

1,075.0

1,144.0

Other Liabilities, Total

1,289.0

1,440.0

1,012.0

1,075.0

1,144.0

Total Liabilities

26,216.0

23,802.0

23,544.0

17,199.0

17,955.0

 

 

 

 

 

 

    Common Stock

6,134.0

6,102.0

6,636.0

5,151.0

5,204.0

Common Stock

6,134.0

6,102.0

6,636.0

5,151.0

5,204.0

Retained Earnings (Accumulated Deficit)

13,236.0

12,774.0

11,996.0

10,357.0

8,778.0

Unrealized Gain (Loss)

4.0

51.0

86.0

-

-

    Translation Adjustment

136.0

-176.0

509.0

-

-

    Minimum Pension Liability Adjustment

-590.0

-782.0

-419.0

-

-

    Other Comprehensive Income

-

-

-

-899.0

-355.0

Other Equity, Total

-454.0

-958.0

90.0

-899.0

-355.0

Total Equity

18,920.0

17,969.0

18,808.0

14,609.0

13,627.0

 

 

 

 

 

 

Total Liabilities & Shareholders’ Equity

45,136.0

41,771.0

42,352.0

31,808.0

31,582.0

 

 

 

 

 

 

    Shares Outstanding - Common Stock Primary Issue

659.0

659.0

676.0

639.0

642.0

Total Common Shares Outstanding

659.0

659.0

676.0

639.0

642.0

Treasury Shares - Common Stock Primary Issue

0.0

0.0

0.0

-

-

Employees

30,600

-

-

29,300

28,200

Number of Common Shareholders

13,138

-

-

15,384

16,877

Total Long Term Debt, Supplemental

8,427.0

-

-

7,174.0

7,901.0

Long Term Debt Maturing within 1 Year

268.0

-

-

344.0

48.0

Long Term Debt Maturing in Year 2

1,100.0

-

-

156.0

328.0

Long Term Debt Maturing in Year 3

19.0

-

-

272.0

151.0

Long Term Debt Maturing in Year 4

13.0

-

-

1,050.0

268.0

Long Term Debt Maturing in Year 5

303.0

-

-

25.0

1,215.0

Long Term Debt Maturing in 2-3 Years

1,119.0

-

-

428.0

479.0

Long Term Debt Maturing in 4-5 Years

316.0

-

-

1,075.0

1,483.0

Long Term Debt Matur. in Year 6 & Beyond

6,724.0

-

-

5,327.0

5,891.0

Total Operating Leases, Supplemental

1,012.0

-

-

1,381.0

1,274.0

Operating Lease Payments Due in Year 1

235.0

-

-

235.0

224.0

Operating Lease Payments Due in Year 2

184.0

-

-

189.0

205.0

Operating Lease Payments Due in Year 3

156.0

-

-

182.0

235.0

Operating Lease Payments Due in Year 4

137.0

-

-

156.0

198.0

Operating Lease Payments Due in Year 5

101.0

-

-

177.0

139.0

Operating Lease Pymts. Due in 2-3 Years

340.0

-

-

371.0

440.0

Operating Lease Pymts. Due in 4-5 Years

238.0

-

-

333.0

337.0

Oper. Lse. Pymts. Due in Year 6 & Beyond

199.0

-

-

442.0

273.0

Pension Obligation - Domestic

2,954.0

-

-

2,299.0

2,012.0

Post-Retirement Obligation

208.0

-

-

224.0

256.0

Plan Assets - Domestic

2,174.0

-

-

1,721.0

1,427.0

Funded Status - Domestic

-780.0

-

-

-578.0

-585.0

Funded Status - Post-Retirement

-208.0

-

-

-224.0

-256.0

Accumulated Obligation - Domestic

2,400.0

-

-

2,100.0

1,800.0

Accumulated Obligation - Post-Retirement

208.0

-

-

224.0

256.0

Total Funded Status

-988.0

-

-

-802.0

-841.0

Discount Rate - Domestic

3.90%

-

-

5.20%

6.10%

Discount Rate - Post-Retirement

3.60%

-

-

5.40%

6.80%

Compensation Rate - Domestic

3.90%

-

-

3.90%

3.80%

Prepaid Benefits - Domestic

52.0

-

-

17.0

17.0

Accrued Liabilities - Domestic

-832.0

-

-

-595.0

-602.0

Accrued Liabilities - Post-Retirement

-208.0

-

-

-224.0

-256.0

Net Assets Recognized on Balance Sheet

-988.0

-

-

-802.0

-841.0

Equity % - Domestic

52.00%

-

-

48.00%

48.00%

Debt Securities % - Domestic

47.00%

-

-

50.00%

46.00%

Other Investments % - Domestic

1.00%

-

-

2.00%

6.00%

Total Plan Obligations

3,162.0

-

-

2,523.0

2,268.0

Total Plan Assets

2,174.0

-

-

1,721.0

1,427.0

 

 

Annual Cash Flows

Financials in: USD (mil)

 

 

 

31-Dec-2012

30-Jun-2012

30-Jun-2011

30-Jun-2010

30-Jun-2009

Period Length

6 Months

12 Months

12 Months

12 Months

12 Months

UpdateType/Date

Updated Normal 
31-Dec-2012

Updated Normal 
30-Jun-2012

Reclassified Normal 
31-Dec-2012

Reclassified Normal 
31-Dec-2012

Reclassified Normal 
30-Jun-2010

Filed Currency

USD

USD

USD

USD

USD

Exchange Rate (Period Average)

1

1

1

1

1

Auditor

Ernst & Young LLP

Ernst & Young LLP

Ernst & Young LLP

Ernst & Young LLP

Ernst & Young LLP

Auditor Opinion

Unqualified

Unqualified

Unqualified

Unqualified

Unqualified

 

 

 

 

 

 

Net Income/Starting Line

694.0

1,242.0

2,018.0

1,919.0

1,688.0

    Depreciation

435.0

848.0

877.0

912.0

780.0

Depreciation/Depletion

435.0

848.0

877.0

912.0

780.0

Deferred Taxes

118.0

45.0

521.0

30.0

20.0

    Unusual Items

146.0

379.0

-69.0

9.0

4.0

    Equity in Net Earnings (Loss)

-201.0

-243.0

-397.0

-326.0

54.0

    Other Non-Cash Items

80.0

284.0

-58.0

134.0

-287.0

Non-Cash Items

25.0

420.0

-524.0

-183.0

-229.0

    Accounts Receivable

38.0

974.0

-687.0

-540.0

3,680.0

    Inventories

-1,512.0

-272.0

-3,412.0

-404.0

1,899.0

    Other Assets

-156.0

-826.0

-3,487.0

1,143.0

-274.0

    Accounts Payable

2,310.0

-117.0

339.0

-75.0

-

    Accrued Expenses

526.0

581.0

2,015.0

-118.0

-

    Payable/Accrued

-

-

-

-

-2,223.0

Changes in Working Capital

1,206.0

340.0

-5,232.0

6.0

3,082.0

Cash from Operating Activities

2,478.0

2,895.0

-2,340.0

2,684.0

5,341.0

 

 

 

 

 

 

    Purchase of Fixed Assets

-615.0

-1,477.0

-1,247.0

-1,607.0

-1,898.0

Capital Expenditures

-615.0

-1,477.0

-1,247.0

-1,607.0

-1,898.0

    Acquisition of Business

-26.0

-241.0

-218.0

-62.0

-198.0

    Sale of Business

-

-

-

-

258.0

    Sale of Fixed Assets

521.0

48.0

72.0

35.0

65.0

    Sale/Maturity of Investment

731.0

1,945.0

2,094.0

1,454.0

2,312.0

    Investment, Net

0.0

-31.0

-31.0

-146.0

-15.0

    Purchase of Investments

-1,629.0

-1,297.0

-2,379.0

-1,387.0

-2,402.0

    Other Investing Cash Flow

45.0

-69.0

34.0

48.0

7.0

Other Investing Cash Flow Items, Total

-358.0

355.0

-428.0

-58.0

27.0

Cash from Investing Activities

-973.0

-1,122.0

-1,675.0

-1,665.0

-1,871.0

 

 

 

 

 

 

    Other Financing Cash Flow

-195.0

-51.0

2.0

-60.0

11.0

Financing Cash Flow Items

-195.0

-51.0

2.0

-60.0

11.0

    Cash Dividends Paid - Common

-230.0

-455.0

-395.0

-372.0

-347.0

Total Cash Dividends Paid

-230.0

-455.0

-395.0

-372.0

-347.0

        Sale/Issuance of Common

0.0

0.0

1,750.0

0.0

0.0

        Repurchase/Retirement of Common

0.0

-527.0

-301.0

-100.0

-100.0

    Common Stock, Net

0.0

-527.0

1,449.0

-100.0

-100.0

Issuance (Retirement) of Stock, Net

0.0

-527.0

1,449.0

-100.0

-100.0

    Short Term Debt, Net

660.0

197.0

1,381.0

29.0

-2,890.0

        Long Term Debt Issued

106.0

97.0

1,564.0

27.0

125.0

        Long Term Debt Reduction

-1,423.0

-358.0

-417.0

-552.0

-24.0

    Long Term Debt, Net

-1,317.0

-261.0

1,147.0

-525.0

101.0

Issuance (Retirement) of Debt, Net

-657.0

-64.0

2,528.0

-496.0

-2,789.0

Cash from Financing Activities

-1,082.0

-1,097.0

3,584.0

-1,028.0

-3,225.0

 

 

 

 

 

 

Net Change in Cash

423.0

676.0

-431.0

-9.0

245.0

 

 

 

 

 

 

Net Cash - Beginning Balance

1,291.0

615.0

1,046.0

1,055.0

810.0

Net Cash - Ending Balance

1,714.0

1,291.0

615.0

1,046.0

1,055.0

Cash Interest Paid

205.0

411.0

418.0

453.0

522.0

Cash Taxes Paid

115.0

479.0

513.0

604.0

1,011.0

 

Annual Income Statement

 

 

Financials in: USD (mil) 

Except for share items (millions) and per share items (actual units)           

 

 

 

 

31-Dec-2012

30-Jun-2012

30-Jun-2011

30-Jun-2010

30-Jun-2009

Period Length

6 Months

12 Months

12 Months

12 Months

12 Months

UpdateType/Date

Updated Normal 
31-Dec-2012

Updated Normal 
30-Jun-2012

Updated Normal 
30-Jun-2011

Updated Normal 
30-Jun-2010

Restated Normal 
30-Jun-2010

Filed Currency

USD

USD

USD

USD

USD

Exchange Rate (Period Average)

1

1

1

1

1

Auditor

Ernst & Young LLP

Ernst & Young LLP

Ernst & Young LLP

Ernst & Young LLP

Ernst & Young LLP

Auditor Opinion

Unqualified

Unqualified

Unqualified

Unqualified

Unqualified

 

 

 

 

 

 

    Net sales and other operating income

46,729.0

89,038.0

80,676.0

61,682.0

69,207.0

Total Revenue

46,729.0

89,038.0

80,676.0

61,682.0

69,207.0

 

 

 

 

 

 

    Cost of Products Sold

44,927.0

85,370.0

76,376.0

57,839.0

65,118.0

    Charges from early extinguishment of deb

5.0

-

-

-

-

    Selling/General/Administrative Expenses

869.0

1,626.0

1,611.0

1,398.0

1,412.0

    Debt buy back costs

-

12.0

15.0

75.0

0.0

    Asset impairment, exit and restructuring

146.0

437.0

0.0

-

-

    Interest Expense

213.0

441.0

482.0

422.0

469.0

    Equity in Affiliates

-255.0

-472.0

-542.0

-561.0

-145.0

    Investment Income

-59.0

-112.0

-136.0

-126.0

-181.0

    Gain on interest in GrainCorp

-62.0

-

-

-

-

    Gain on Sale of Assets

-51.0

-

-

-

-

    Gain related to Golden Peanut acquisitio

0.0

0.0

-71.0

0.0

-

    Net gain on sales of businesses

-

-

0.0

0.0

-24.0

    Unrealized loss on interest costs

0.0

0.0

-30.0

59.0

0.0

    Net loss (gain) on marketable securities

-6.0

-25.0

-12.0

6.0

6.0

    Net (gain) loss on sale of unconsolidate

-

-1.0

-3.0

-15.0

11.0

    Other Other (Income) Expense - Net

5.0

-

-

-

-

    Other Net

-

-3.0

-29.0

0.0

41.0

Total Operating Expense

45,732.0

87,273.0

77,661.0

59,097.0

66,707.0

 

 

 

 

 

 

Net Income Before Taxes

997.0

1,765.0

3,015.0

2,585.0

2,500.0

 

 

 

 

 

 

Provision for Income Taxes

303.0

523.0

997.0

666.0

812.0

Net Income After Taxes

694.0

1,242.0

2,018.0

1,919.0

1,688.0

 

 

 

 

 

 

    Minority Interest

-2.0

-19.0

18.0

11.0

-4.0

Net Income Before Extra. Items

692.0

1,223.0

2,036.0

1,930.0

1,684.0

Net Income

692.0

1,223.0

2,036.0

1,930.0

1,684.0

 

 

 

 

 

 

Income Available to Com Excl ExtraOrd

692.0

1,223.0

2,036.0

1,930.0

1,684.0

 

 

 

 

 

 

Income Available to Com Incl ExtraOrd

692.0

1,223.0

2,036.0

1,930.0

1,684.0

 

 

 

 

 

 

Basic Weighted Average Shares

660.0

665.0

642.0

643.0

643.0

Basic EPS Excluding ExtraOrdinary Items

1.05

1.84

3.17

3.00

2.62

Basic EPS Including ExtraOrdinary Items

1.05

1.84

3.17

3.00

2.62

Dilution Adjustment

-

-

13.0

0.0

0.0

Diluted Net Income

692.0

1,223.0

2,049.0

1,930.0

1,684.0

Diluted Weighted Average Shares

661.0

666.0

654.0

644.0

644.0

Diluted EPS Excluding ExtraOrd Items

1.05

1.84

3.13

3.00

2.61

Diluted EPS Including ExtraOrd Items

1.05

1.84

3.13

3.00

2.61

DPS-Ordinary Shares

0.35

0.69

0.62

0.58

0.54

Gross Dividends - Common Stock

230.0

455.0

395.0

372.0

347.0

Normalized Income Before Taxes

1,035.0

2,214.0

2,959.0

2,660.0

2,476.0

 

 

 

 

 

 

Inc Tax Ex Impact of Sp Items

314.5

656.0

978.5

685.3

804.2

Normalized Income After Taxes

720.5

1,558.0

1,980.5

1,974.7

1,671.8

 

 

 

 

 

 

Normalized Inc. Avail to Com.

718.5

1,539.0

1,998.5

1,985.7

1,667.8

 

 

 

 

 

 

Basic Normalized EPS

1.09

2.31

3.11

3.09

2.59

Diluted Normalized EPS

1.09

2.31

3.08

3.08

2.59

Interest Expense

213.0

441.0

482.0

422.0

469.0

Interest Capitalized

-12.0

-21.0

-7.0

-75.0

-95.0

Rental Expense

106.0

209.0

251.0

241.0

217.0

Depreciation

435.0

848.0

877.0

857.0

730.0

Research and Development

28.0

56.0

60.0

56.0

50.0

    Current Tax - Federal

92.0

-

-

-

-

    Current Tax - Federal

-

300.0

251.0

422.0

626.0

    Current Tax - State

9.0

-

-

-

-

    Current Tax - State

-

21.0

10.0

18.0

28.0

    Current Tax - Foreign

83.0

-

-

-

-

    Current Tax - Foreign

-

118.0

222.0

195.0

139.0

Current Tax - Total

184.0

439.0

483.0

635.0

793.0

    Deferred Tax - Federal

92.0

-

-

-

-

    Deferred Tax - Federal

-

66.0

483.0

107.0

-4.0

    Deferred Tax - State

20.0

-

-

-

-

    Deferred Tax - State

-

9.0

43.0

-4.0

10.0

    Deferred Tax - Foreign

7.0

-

-

-

-

    Deferred Tax - Foreign

-

9.0

-12.0

-72.0

13.0

Deferred Tax - Total

119.0

84.0

514.0

31.0

19.0

Income Tax - Total

303.0

523.0

997.0

666.0

812.0

Service Cost - Pension

44.0

71.0

71.0

58.0

52.0

Interest Cost - Pension

61.0

130.0

120.0

119.0

111.0

Expected Return on Assets - Pension

-75.0

-141.0

-132.0

-117.0

-113.0

Curtailment Losses - Pension

68.0

30.0

0.0

0.0

0.0

Amort. of Actuarial Gain/Loss - Pension

42.0

52.0

59.0

31.0

2.0

Other Amortization - Pension

2.0

5.0

5.0

6.0

6.0

Domestic Pension Plan Expense

142.0

147.0

123.0

97.0

58.0

Service Cost - Post-Retirement

4.0

7.0

8.0

9.0

7.0

Interest Cost - Post-Retirement

6.0

12.0

13.0

16.0

13.0

Curtailment/Plan settlements - Post Rt.

0.0

0.0

0.0

0.0

-15.0

Amort. of Actuarial Gain/Loss - Post-Ret

0.0

4.0

0.0

5.0

1.0

Other Amortization - Post-Retirement

0.0

-2.0

-1.0

-1.0

-1.0

Post-Retirement Plan Expense

10.0

21.0

20.0

29.0

5.0

Defined Contribution Plans - Pension

23.0

-

43.0

40.0

35.0

Total Pension Expense

175.0

168.0

186.0

166.0

98.0

Discount Rate - Pension

4.00%

5.50%

5.20%

6.10%

6.50%

Expected Rate of Return - Pension

7.00%

7.10%

7.10%

7.10%

7.20%

Compensation Rate - Pension

3.90%

3.90%

3.90%

3.80%

3.90%

Discount Rate - Post-Retirement

4.00%

5.50%

5.40%

6.30%

6.80%

 

 

Annual Balance Sheet

Financials in: USD (mil)

 

 

 

31-Dec-2012

30-Jun-2012

30-Jun-2011

30-Jun-2010

30-Jun-2009

UpdateType/Date

Updated Normal 
31-Dec-2012

Restated Normal 
31-Dec-2012

Restated Normal 
31-Dec-2012

Restated Normal 
30-Jun-2011

Restated Normal 
30-Jun-2010

Filed Currency

USD

USD

USD

USD

USD

Exchange Rate

1

1

1

1

1

Auditor

Ernst & Young LLP

Ernst & Young LLP

Ernst & Young LLP

Ernst & Young LLP

Ernst & Young LLP

Auditor Opinion

Unqualified

Unqualified

Unqualified

Unqualified

Unqualified

 

 

 

 

 

 

    Cash & Equivalents

1,714.0

1,291.0

615.0

1,046.0

1,055.0

    Segregated cash and investments

3,638.0

3,263.0

3,396.0

2,337.0

2,430.0

    Short-term marketable securities

576.0

176.0

739.0

394.0

500.0

    Receivables

3,537.0

3,531.0

4,908.0

6,219.0

7,414.0

    Allowance for doubtful accounts

-87.0

-92.0

-100.0

-97.0

-103.0

    LIFO inventories

834.0

487.0

550.0

421.0

478.0

    FIFO inventories

5,966.0

4,946.0

5,590.0

3,218.0

2,735.0

    Market inventories

7,036.0

6,759.0

5,915.0

4,232.0

4,569.0

    Unrealized gains on derivative contracts

2,676.0

3,063.0

3,007.0

-

-

    Deferred receivables consideration

900.0

629.0

0.0

-

-

    Other current assets(1)

2,972.0

2,901.0

2,884.0

-

-

    Other current assets

-

-

-

624.0

330.0

Total Current Assets

29,762.0

26,954.0

27,504.0

18,394.0

19,408.0

 

 

 

 

 

 

    Investments in and Advances to Affiliate

3,170.0

3,388.0

3,240.0

2,799.0

2,459.0

    Long Term Marketable Securities

717.0

262.0

666.0

678.0

626.0

    Goodwill Net

551.0

603.0

602.0

523.0

532.0

    Other non-current assets

813.0

752.0

840.0

702.0

607.0

    Land

378.0

325.0

305.0

277.0

240.0

    Buildings

4,807.0

4,609.0

4,413.0

4,008.0

3,304.0

    Machinery and Equipment

16,984.0

16,729.0

16,245.0

15,107.0

13,052.0

    Construction in Progress

1,004.0

1,027.0

765.0

612.0

2,245.0

    Accumulated Depreciation

-13,050.0

-12,878.0

-12,228.0

-11,292.0

-10,891.0

Total Assets

45,136.0

41,771.0

42,352.0

31,808.0

31,582.0

 

 

 

 

 

 

    Short Term Debt

2,816.0

2,108.0

1,875.0

374.0

356.0

    Trade payables

4,787.0

2,474.0

2,581.0

5,538.0

5,786.0

    Unrealized losses on derivative contract

2,591.0

2,995.0

2,759.0

-

-

    Grain accounts and margin deposits

4,620.0

4,166.0

4,259.0

-

-

    Other accruals and payables

1,911.0

1,206.0

1,566.0

-

-

    Accrued expenses and other payables

-

-

-

2,577.0

2,695.0

    Current maturities of long-term debt

268.0

1,677.0

178.0

344.0

48.0

Total Current Liabilities

16,993.0

14,626.0

13,218.0

8,833.0

8,885.0

 

 

 

 

 

 

    Long-term debt, including current maturi

6,456.0

6,535.0

8,266.0

6,830.0

7,592.0

Total Long Term Debt

6,456.0

6,535.0

8,266.0

6,830.0

7,592.0

 

 

 

 

 

 

    Deferred Taxes

1,267.0

1,001.0

1,018.0

439.0

308.0

    Other

1,289.0

1,440.0

1,012.0

1,075.0

1,144.0

    Noncontrolling interests

211.0

200.0

30.0

22.0

26.0

Total Liabilities

26,216.0

23,802.0

23,544.0

17,199.0

17,955.0

 

 

 

 

 

 

    Common Stock

6,134.0

6,102.0

6,636.0

5,151.0

5,204.0

    Retained Erngs.

13,236.0

12,774.0

11,996.0

10,357.0

8,778.0

    Foreign currency translation

136.0

-176.0

509.0

-

-

    Pension Liability adjustmnet

-590.0

-782.0

-419.0

-

-

    Unrealized gain(loss) on investment

0.0

1.0

57.0

-

-

    Deferred Gain(loss) on Hedging Activitie

4.0

50.0

29.0

-

-

    Accumulated other comprehensive income (

-

-

-

-899.0

-355.0

Total Equity

18,920.0

17,969.0

18,808.0

14,609.0

13,627.0

 

 

 

 

 

 

Total Liabilities & Shareholders' Equity

45,136.0

41,771.0

42,352.0

31,808.0

31,582.0

 

 

 

 

 

 

    S/O-Ordinary Shares

659.0

659.0

676.0

639.0

642.0

Total Common Shares Outstanding

659.0

659.0

676.0

639.0

642.0

T/S-Ordinary Shares

0.0

0.0

0.0

-

-

Full-Time Employees

30,600

-

-

29,300

28,200

Number of Common Shareholders

13,138

-

-

15,384

16,877

Long Term Debt Maturing within 1 Year

268.0

-

-

344.0

48.0

Long Term Debt Maturing within 2 Years

1,100.0

-

-

156.0

328.0

Long Term Debt Maturing within 3 Years

19.0

-

-

272.0

151.0

Long Term Debt Maturing within 4 Years

13.0

-

-

1,050.0

268.0

Long Term Debt Maturing within 5 Years

303.0

-

-

25.0

1,215.0

Long Term Debt - Remaining Maturity

6,724.0

-

-

5,327.0

5,891.0

Total Long Term Debt, Supplemental

8,427.0

-

-

7,174.0

7,901.0

Operating Lease Maturing within 1 Year

235.0

-

-

235.0

224.0

Operating Lease Maturing within 2 Years

184.0

-

-

189.0

205.0

Operating Lease Maturing within 3 Years

156.0

-

-

182.0

235.0

Operating Lease Maturing within 4 Years

137.0

-

-

156.0

198.0

Operating Lease Maturing within 5 Years

101.0

-

-

177.0

139.0

Operating Lease Reamining Maturity

199.0

-

-

442.0

273.0

Total Operating Leases, Supplemental

1,012.0

-

-

1,381.0

1,274.0

Projected Benefit Obligation - Pension

2,954.0

-

-

2,299.0

2,012.0

FV of Plan Assets - Pension

2,174.0

-

-

1,721.0

1,427.0

Funded Status - Pension

-780.0

-

-

-578.0

-585.0

Accumulated Benefit Obligation - Pension

2,400.0

-

-

2,100.0

1,800.0

Projected Benefit Obligation - Post-Ret.

208.0

-

-

224.0

256.0

Funded Status - Post-Retirement

-208.0

-

-

-224.0

-256.0

Accumulated Benefit Obligation - Post-Re

208.0

-

-

224.0

256.0

Total Funded Status

-988.0

-

-

-802.0

-841.0

Discount Rate - Pension

3.90%

-

-

5.20%

6.10%

Compensation Rate - Pension

3.90%

-

-

3.90%

3.80%

Discount Rate - Post-Retirement

3.60%

-

-

5.40%

6.80%

Prepaid Benefit Cost - Pension

52.0

-

-

17.0

17.0

Curr. Accrd. Benefit Liability - Pension

-14.0

-

-

-13.0

-13.0

L.T. Accrued Benefit Liability - Pension

-818.0

-

-

-582.0

-589.0

Accrued Benefit Liability - Current - PR

-13.0

-

-

-

-

L.T Accrd. Benefit Liability - Post-Ret.

-195.0

-

-

-

-

Accrued Benefit Liability - Current - PR

-

-

-

-7.0

-8.0

L.T Accrd. Benefit Liability - Post-Ret.

-

-

-

-217.0

-248.0

Net Assets Recognized on Balance Sheet

-988.0

-

-

-802.0

-841.0

Equity Securities % - Pension

52.00%

-

-

48.00%

48.00%

Debt Securities % - Pension

47.00%

-

-

50.00%

46.00%

Other Investments % - Pension

1.00%

-

-

2.00%

6.00%

 

 

Annual Cash Flows

Financials in: USD (mil)

 

 

 

31-Dec-2012

30-Jun-2012

30-Jun-2011

30-Jun-2010

30-Jun-2009

Period Length

6 Months

12 Months

12 Months

12 Months

12 Months

UpdateType/Date

Updated Normal 
31-Dec-2012

Updated Normal 
30-Jun-2012

Reclassified Normal 
31-Dec-2012

Reclassified Normal 
31-Dec-2012

Reclassified Normal 
30-Jun-2010

Filed Currency

USD

USD

USD

USD

USD

Exchange Rate (Period Average)

1

1

1

1

1

Auditor

Ernst & Young LLP

Ernst & Young LLP

Ernst & Young LLP

Ernst & Young LLP

Ernst & Young LLP

Auditor Opinion

Unqualified

Unqualified

Unqualified

Unqualified

Unqualified

 

 

 

 

 

 

Net Income

694.0

1,242.0

2,018.0

1,919.0

1,688.0

    Depreciation

435.0

848.0

877.0

912.0

780.0

    Asset impairment charges

146.0

367.0

2.0

9.0

-

    Asset abandonments and impairments

-

-

-

-

13.0

    Gain on Golden Peanut revaluation

0.0

0.0

-71.0

0.0

0.0

    Deferred Taxes

118.0

45.0

521.0

30.0

20.0

    (Gain) loss on sales of marketable secur

-

-

-

-

4.0

    (Gain) loss on sale or exchange of uncon

-

-

-

-

11.0

    Stock compensation expense

30.0

48.0

47.0

45.0

65.0

    Gain on Sale of Businesses

-

-

-

-

-24.0

    Equity in (earnings) losses of affiliate

-201.0

-243.0

-397.0

-326.0

54.0

    Employ. Benefit

-

-

-

-

18.0

    Pension and Postretirement Accruals

78.0

37.0

4.0

-110.0

-

    Other – net

39.0

156.0

-108.0

150.0

26.0

    Deferred cash flow hedges

-67.0

43.0

-1.0

49.0

-235.0

    Charges on early extinguishment of debt

-

12.0

-

-

0.0

    Other net

-

-

-

-

-161.0

    Segregated Cash/Inv.

-365.0

128.0

-1,035.0

74.0

-426.0

    Trade receivables

38.0

974.0

-687.0

-540.0

3,680.0

    Accrued expenses and other payables

526.0

581.0

2,015.0

-118.0

-

    Trade payables

2,310.0

-117.0

339.0

-75.0

-

    Inventories

-1,512.0

-272.0

-3,412.0

-404.0

1,899.0

    Other current assets

209.0

-954.0

-2,452.0

1,069.0

152.0

    Payable/Accrued

-

-

-

-

-2,223.0

Cash from Operating Activities

2,478.0

2,895.0

-2,340.0

2,684.0

5,341.0

 

 

 

 

 

 

    Capital Expenditures

-615.0

-1,477.0

-1,247.0

-1,607.0

-1,898.0

    Proceeds from sales of property, plant,

521.0

48.0

72.0

35.0

65.0

    Proceeds from sale of businesses

-

-

-

-

258.0

    Cash held in a deconsolidated entity

0.0

-130.0

0.0

0.0

-

    Business Acquis.

-26.0

-241.0

-218.0

-62.0

-198.0

    Investment in Affil.

0.0

-31.0

-31.0

-146.0

-15.0

    Distributions from affiliates, excluding

-

-

-

-

11.0

    Marketable securities Net

-1,629.0

-1,297.0

-2,379.0

-1,387.0

-2,402.0

    Sale Market. Secs.

731.0

1,945.0

2,094.0

1,454.0

2,312.0

    Other investing activities

45.0

61.0

34.0

48.0

-4.0

Cash from Investing Activities

-973.0

-1,122.0

-1,675.0

-1,665.0

-1,871.0

 

 

 

 

 

 

    LT Borrowings

106.0

97.0

1,564.0

27.0

125.0

    Long Term Debt Payments

-1,423.0

-358.0

-417.0

-552.0

-24.0

    Debt repayment premium & costs

-197.0

-44.0

-21.0

-71.0

0.0

    Line of Credit

660.0

197.0

1,381.0

29.0

-2,890.0

    Treasury Stock

0.0

-527.0

-301.0

-100.0

-100.0

    Dividends Paid

-230.0

-455.0

-395.0

-372.0

-347.0

    Other net

2.0

-7.0

23.0

11.0

11.0

    Shares issued related to equity unit con

0.0

0.0

1,750.0

0.0

0.0

Cash from Financing Activities

-1,082.0

-1,097.0

3,584.0

-1,028.0

-3,225.0

 

 

 

 

 

 

Net Change in Cash

423.0

676.0

-431.0

-9.0

245.0

 

 

 

 

 

 

Net Cash - Beginning Balance

1,291.0

615.0

1,046.0

1,055.0

810.0

Net Cash - Ending Balance

1,714.0

1,291.0

615.0

1,046.0

1,055.0

    Cash Interest Paid

205.0

411.0

418.0

453.0

522.0

    Cash Taxes Paid

115.0

479.0

513.0

604.0

1,011.0

 

 

Financial Health

 

 

Financials in: USD (mil) 

Except for share items (millions) and per share items (actual units)

 

Key Indicators USD (mil)

 

Quarter
Ending
30-Sep-2013

Quarter
Ending
Yr Ago

Annual
Year End
31-Dec-2012

1 Year
Growth

3 Year
Growth

5 Year
Growth

Total Revenue 

21,393.0

-1.90%

46,729.0

-47.52%

-8.84%

-7.72%

Operating Income 

739.0

150.51%

997.0

-43.51%

-27.21%

-17.41%

Income Available to Common Excl Extraord Items 

476.0

161.54%

692.0

-43.42%

-28.96%

-17.22%

Basic EPS Excl Extraord Items 

0.72

161.10%

1.05

-42.99%

-29.57%

-17.62%

Capital Expenditures 

659.0

-

615.0

-58.36%

-27.40%

-19.14%

Cash from Operating Activities 

4,869.0

-

2,478.0

-14.40%

-2.63%

-

Free Cash Flow 

4,210.0

-

1,863.0

31.38%

20.04%

-

Total Assets 

41,448.0

-7.40%

45,136.0

8.06%

12.37%

4.02%

Total Liabilities 

21,910.0

-17.39%

26,216.0

10.14%

15.09%

2.15%

Total Long Term Debt 

5,364.0

-18.07%

6,456.0

-1.21%

-1.86%

-3.44%

Employees 

-

-

30600

-

1.46%

2.09%

Total Common Shares Outstanding 

658.0

-0.15%

659.0

0.00%

1.03%

0.46%

Market Cap 

24,240.7

35.34%

18,050.0

-7.22%

3.04%

-3.65%

 

Key Ratios

 

31-Dec-2012

30-Jun-2012

30-Jun-2011

30-Jun-2010

30-Jun-2009

Profitability

Gross Margin 

3.86%

4.12%

5.33%

6.23%

5.91%

Operating Margin 

2.13%

1.98%

3.74%

4.19%

3.61%

Pretax Margin 

2.13%

1.98%

3.74%

4.19%

3.61%

Net Profit Margin 

1.48%

1.37%

2.52%

3.13%

2.43%

Financial Strength

Current Ratio 

1.75

1.84

2.08

2.08

2.18

Long Term Debt/Equity 

0.34

0.36

0.44

0.47

0.56

Total Debt/Equity 

0.50

0.57

0.55

0.52

0.59

Management Effectiveness

Return on Assets 

1.60%

2.95%

5.44%

6.05%

4.92%

Return on Equity 

3.75%

6.65%

12.19%

13.67%

12.42%

Efficiency

Receivables Turnover 

11.10

20.06

14.76

9.18

7.36

Inventory Turnover 

3.45

7.04

7.67

7.39

7.26

Asset Turnover 

1.08

2.12

2.18

1.95

2.02

           

 

Market Valuation USD (mil)

P/E (TTM) 

18.76

.

Enterprise Value 

30,960.6

Price/Sales (TTM) 

0.30

.

Enterprise Value/Revenue (TTM) 

0.34

Price/Book (MRQ) 

1.41

.

Enterprise Value/EBITDA (TTM) 

11.08

Market Cap as of 22-Nov-2013 

27,542.6

.

 

 

 

 

Ratio Comparisons

 

Traded: New York Stock Exchange: ADM

Financials in: USD (actual units)

Industry: Food Processing

As of 22-Nov-2013

Sector: Consumer/Non-Cyclical

 

 

Company

Industry

Sector

S&P 500

Valuation Ratios

P/E Excluding Extraordinary (TTM) 

18.76

21.55

18.04

19.68

P/E High Excluding Extraordinary - Last 5 Yrs 

-

30.50

31.70

32.79

P/E Low Excluding Extraordinary - Last 5 Yrs 

-

13.50

13.50

10.71

Beta 

0.61

0.55

0.66

1.00

Price/Revenue (TTM) 

0.30

1.70

2.38

2.57

Price/Book (MRQ) 

1.41

4.07

6.62

3.67

Price to Tangible Book (MRQ) 

1.45

7.67

7.14

5.21

Price to Cash Flow Per Share (TTM) 

11.54

15.25

13.96

14.22

Price to Free Cash Flow Per Share (TTM) 

5.15

39.77

35.43

26.26

 

 

 

 

 

Dividends

Dividend Yield 

1.82%

2.90%

3.17%

2.26%

Dividend Per Share - 5 Yr Avg 

-

2.61

2.64

1.99

Dividend 5 Yr Growth 

-

6.61%

4.04%

0.08%

Payout Ratio (TTM) 

33.22%

43.97%

46.79%

25.98%

 

 

 

 

 

Growth Rates (%)

Revenue (MRQ) vs Qtr 1 Yr Ago 

-1.90%

11.20%

9.73%

15.58%

Revenue (TTM) vs TTM 1 Yr Ago 

1.84%

10.00%

20.06%

17.69%

Revenue 5 Yr Growth 

-

6.97%

6.14%

8.97%

EPS (MRQ) vs Qtr 1 Yr Ago 

160.36%

-4.50%

6.69%

19.49%

EPS (TTM) vs TTM 1 Yr Ago 

56.38%

13.03%

27.67%

32.55%

EPS 5 Yr Growth 

-

7.70%

7.73%

9.86%

Capital Spending 5 Yr Growth 

-

7.52%

3.06%

-2.04%

 

 

 

 

 

Financial Strength

Quick Ratio (MRQ) 

1.22

0.78

0.77

1.24

Current Ratio (MRQ) 

1.90

1.53

1.40

1.79

LT Debt/Equity (MRQ) 

0.27

0.94

0.98

0.64

Total Debt/Equity (MRQ) 

0.35

1.14

1.25

0.73

Interest Coverage (TTM) 

-

12.42

16.43

13.80

 

 

 

 

 

Profitability Ratios (%)

Gross Margin (TTM) 

4.10%

33.20%

44.52%

45.21%

Gross Margin - 5 Yr Avg 

-

31.81%

44.52%

44.91%

EBITD Margin (TTM) 

3.09%

14.25%

20.28%

24.43%

EBITD Margin - 5 Yr Avg 

-

13.52%

19.53%

22.84%

Operating Margin (TTM) 

2.31%

11.94%

17.97%

20.63%

Operating Margin - 5 Yr Avg 

-

11.15%

17.19%

18.28%

Pretax Margin (TTM) 

2.32%

10.29%

16.99%

17.95%

Pretax Margin - 5 Yr Avg 

-

9.62%

17.19%

17.10%

Net Profit Margin (TTM) 

1.64%

7.06%

13.74%

13.65%

Net Profit Margin - 5 Yr Avg 

-

6.55%

12.87%

12.10%

Effective Tax Rate (TTM) 

29.29%

30.47%

27.02%

28.45%

Effective Tax rate - 5 Yr Avg 

-

32.51%

28.54%

29.92%

 

 

 

 

 

Management Effectiveness (%)

Return on Assets (TTM) 

3.45%

7.05%

11.53%

8.54%

Return on Assets - 5 Yr Avg 

-

7.12%

11.74%

8.40%

Return on Investment (TTM) 

5.44%

4.72%

8.43%

7.90%

Return on Investment - 5 Yr Avg 

-

5.31%

9.81%

8.27%

Return on Equity (TTM) 

7.83%

21.45%

29.23%

19.72%

Return on Equity - 5 Yr Avg 

-

21.78%

31.40%

20.06%

 

 

 

 

 

Efficiency

Revenue/Employee (TTM) 

2,960,196.00

568,101.59

633,399.19

927,613.77

Net Income/Employee (TTM) 

48,594.77

34,981.76

83,482.45

116,121.92

Receivables Turnover (TTM) 

28.09

10.88

12.19

13.25

Inventory Turnover (TTM) 

7.56

6.83

7.35

14.53

Asset Turnover (TTM) 

2.10

1.10

1.00

0.93

 

 

 

Annual Ratios

 

 

Financials in: USD (mil) 

Except for share items (millions) and per share items (actual units)           

 

 

31-Dec-2012

30-Jun-2011

30-Jun-2010

30-Jun-2009

Financial Strength

Current Ratio 

1.75

2.08

2.08

2.18

Quick/Acid Test Ratio 

0.39

0.47

0.86

1.00

Working Capital 

12,769.0

14,286.0

9,561.0

10,523.0

Long Term Debt/Equity 

0.34

0.44

0.47

0.56

Total Debt/Equity 

0.50

0.55

0.52

0.59

Long Term Debt/Total Capital 

0.23

0.28

0.31

0.35

Total Debt/Total Capital 

0.34

0.35

0.34

0.37

Payout Ratio 

33.38%

19.55%

19.32%

20.62%

Effective Tax Rate 

30.39%

33.07%

25.76%

32.48%

Total Capital 

28,460.0

29,127.0

22,157.0

21,623.0

 

 

 

 

 

Efficiency

Asset Turnover 

1.08

2.18

1.95

2.02

Inventory Turnover 

3.45

7.67

7.39

7.26

Days In Inventory 

105.73

47.61

49.39

50.28

Receivables Turnover 

11.10

14.76

9.18

7.36

Days Receivables Outstanding 

32.88

24.73

39.74

49.56

Revenue/Employee 

1,527,092

-

2,105,188

2,454,149

Operating Income/Employee 

32,582

-

88,225

88,652

EBITDA/Employee 

46,797

-

117,474

114,539

 

 

 

 

 

Profitability

Gross Margin 

3.86%

5.33%

6.23%

5.91%

Operating Margin 

2.13%

3.74%

4.19%

3.61%

EBITDA Margin 

3.06%

4.82%

5.58%

4.67%

EBIT Margin 

2.13%

3.74%

4.19%

3.61%

Pretax Margin 

2.13%

3.74%

4.19%

3.61%

Net Profit Margin 

1.48%

2.52%

3.13%

2.43%

COGS/Revenue 

96.14%

94.67%

93.77%

94.09%

SG&A Expense/Revenue 

1.86%

2.00%

2.27%

2.04%

 

 

 

 

 

Management Effectiveness

Return on Assets 

1.60%

5.44%

6.05%

4.92%

Return on Equity 

3.75%

12.19%

13.67%

12.42%

 

 

 

 

 

Valuation

Free Cash Flow/Share 

2.83

-5.31

1.69

5.36

Operating Cash Flow/Share  

3.76

-3.46

4.20

8.32

 


 

Current Market Multiples

Market Cap/Earnings (TTM) 

18.76

Market Cap/Equity (MRQ) 

1.41

Market Cap/Revenue (TTM) 

0.30

Market Cap/EBIT (TTM) 

14.53

Market Cap/EBITDA (TTM) 

9.85

Enterprise Value/Earnings (TTM) 

21.09

Enterprise Value/Equity (MRQ) 

1.58

Enterprise Value/Revenue (TTM) 

0.34

Enterprise Value/EBIT (TTM) 

16.33

Enterprise Value/EBITDA (TTM) 

11.08

 

 

Stock report

 

Stock Snapshot                                                                                                                                                             

 

Traded: New York Stock Exchange: ADM

As of 22-Nov-2013    US Dollars

Recent Price

$41.86

 

Dividend Rate

$0.76

52 Week High

$42.14

 

Price/Earnings

16.48

52 Week Low

$26.21

 

Price/Book

1.46

Avg. Volume (mil)

4.33

 

Beta

0.61

Market Value (mil)

$27,542.63

 

 

 

 

Price % Change

Rel S&P 500%

4 Week

4.83%

2.21%

13 Week

15.38%

6.35%

52 Week

58.62%

22.26%

Year to Date

52.83%

20.78%

 

 

 

Stock History     

 

Market Cap History

 

30-Sep-13

% Chg

30-Jun-13

% Chg

31-Mar-13

% Chg

31-Dec-12

% Chg

30-Sep-12

% Chg

Total Common Shares Outstanding

658

-0.2

659

0.0

659

0.0

659

0.0

659

0.0

Market Cap

24,240.7

8.5

22,346.7

0.5

22,228.1

23.1

18,050.0

0.8

17,911.6

-7.9

Yearly Price History

 

2013

% Chg

2012

% Chg

2011

% Chg

2010

% Chg

2009

% Chg

High Price

42.14

24.0

33.98

-10.6

38.02

11.7

34.03

3.1

33.00

-32.6

Low Price

27.90

14.4

24.38

2.9

23.69

-2.2

24.22

4.7

23.13

71.0

Year End Price

41.86

52.8

27.39

-4.2

28.60

-4.9

30.08

-3.9

31.31

8.6

 

Monthly Price History

Price Ending Date

Open

High

Low

Close

Volume

 

22-Nov-13

41.03

42.14

39.87

41.86

93,490,213

 

31-Oct-13

36.80

41.74

36.01

40.90

95,805,946

 

30-Sep-13

35.43

37.41

35.30

36.84

62,533,897

 

30-Aug-13

36.72

38.81

34.21

35.21

89,627,852

 

31-Jul-13

34.11

36.85

34.11

36.47

65,849,211

 

28-Jun-13

32.31

34.22

31.90

33.91

67,838,197

 

31-May-13

33.79

35.05

32.23

32.23

90,811,599

 

30-Apr-13

33.73

34.28

31.50

33.94

103,317,068

 

28-Mar-13

31.70

33.77

31.39

33.73

73,081,378

 

28-Feb-13

28.80

33.10

28.31

31.86

129,423,871

 

31-Jan-13

28.14

29.29

27.90

28.53

85,618,178

 

31-Dec-12

26.78

28.12

26.37

27.39

92,816,769

 

30-Nov-12

26.98

27.34

24.38

26.70

122,995,278

 

 

 


Standard & Poor’s

United States of America Long-Term Rating Lowered To 'AA+' Due To Political Risks, Rising Debt Burden; Outlook Negative

Publication date: 05-Aug-2011 20:13:14 EST


 

·         We have lowered our long-term sovereign credit rating on the United States of America to 'AA+' from 'AAA' and affirmed the 'A-1+' short-term rating.

·         We have also removed both the short- and long-term ratings from CreditWatch negative.

·         The downgrade reflects our opinion that the fiscal consolidation plan that Congress and the Administration recently agreed to falls short of what, in our view, would be necessary to stabilize the government's medium-term debt dynamics.

·         More broadly, the downgrade reflects our view that the effectiveness, stability, and predictability of American policymaking and political institutions have weakened at a time of ongoing fiscal and economic challenges to a degree more than we envisioned when we assigned a negative outlook to the rating on April 18, 2011.

·         Since then, we have changed our view of the difficulties in bridging the gulf between the political parties over fiscal policy, which makes us pessimistic about the capacity of Congress and the Administration to be able to leverage their agreement this week into a broader fiscal consolidation plan that stabilizes the government's debt dynamics any time soon.

·         The outlook on the long-term rating is negative. We could lower the long-term rating to 'AA' within the next two years if we see that less reduction in spending than agreed to, higher interest rates, or new fiscal pressures during the period result in a higher general government debt trajectory than we currently assume in our base case.

 

TORONTO (Standard & Poor's) Aug. 5, 2011--Standard & Poor's Ratings Services said today that it lowered its long-term sovereign credit rating on the United States of America to 'AA+' from 'AAA'. Standard & Poor's also said that the outlook on the long-term rating is negative. At the same time, Standard & Poor's affirmed its 'A-1+' short-term rating on the U.S. In addition, Standard & Poor's removed both ratings from CreditWatch, where they were placed on July 14, 2011, with negative implications.

 

The transfer and convertibility (T&C) assessment of the U.S.--our assessment of the likelihood of official interference in the ability of U.S.-based public- and private-sector issuers to secure foreign exchange for

debt service--remains 'AAA'.

 

We lowered our long-term rating on the U.S. because we believe that the prolonged controversy over raising the statutory debt ceiling and the related fiscal policy debate indicate that further near-term progress containing the growth in public spending, especially on entitlements, or on reaching an agreement on raising revenues is less likely than we previously assumed and will remain a contentious and fitful process. We also believe that the fiscal consolidation plan that Congress and the Administration agreed to this week falls short of the amount that we believe is necessary to stabilize the general government debt burden by the middle of the decade.

 

Our lowering of the rating was prompted by our view on the rising public debt burden and our perception of greater policymaking uncertainty, consistent with our criteria (see "Sovereign Government Rating Methodology and Assumptions ," June 30, 2011, especially Paragraphs 36-41). Nevertheless, we view the U.S. federal government's other economic, external, and monetary credit attributes, which form the basis for the sovereign rating, as broadly unchanged.

 

We have taken the ratings off CreditWatch because the Aug. 2 passage of the Budget Control Act Amendment of 2011 has removed any perceived immediate threat of payment default posed by delays to raising the government's debt ceiling. In addition, we believe that the act provides sufficient clarity to allow us to evaluate the likely course of U.S. fiscal policy for the next few years.

 

The political brinksmanship of recent months highlights what we see as America's governance and policymaking becoming less stable, less effective, and less predictable than what we previously believed. The statutory debt ceiling and the threat of default have become political bargaining chips in the debate over fiscal policy. Despite this year's wide-ranging debate, in our view, the differences between political parties have proven to be extraordinarily difficult to bridge, and, as we see it, the resulting agreement fell well short of the comprehensive fiscal consolidation program that some proponents had envisaged until quite recently. Republicans and Democrats have only been able to agree to relatively modest savings on discretionary spending while delegating to the Select Committee decisions on more comprehensive measures. It appears that for now, new revenues have dropped down on the menu of policy options. In addition, the plan envisions only minor policy changes on Medicare and little change in other entitlements,

the containment of which we and most other independent observers regard as key to long-term fiscal sustainability.

 

Our opinion is that elected officials remain wary of tackling the structural issues required to effectively address the rising U.S. public debt burden in a manner consistent with a 'AAA' rating and with 'AAA' rated sovereign peers (see Sovereign Government Rating Methodology and Assumptions," June 30, 2011, especially Paragraphs 36-41). In our view, the difficulty in framing a consensus on fiscal policy weakens the government's ability to manage public finances and diverts attention from the debate over how to achieve more balanced and dynamic economic growth in an era of fiscal stringency and private-sector deleveraging (ibid). A new political consensus might (or might not) emerge after the 2012 elections, but we believe that by then, the government debt burden will likely be higher, the needed medium-term fiscal adjustment potentially greater, and the inflection point on the U.S. population's demographics and other age-related spending drivers closer at hand (see "Global Aging 2011: In The U.S., Going Gray Will Likely Cost Even More Green, Now," June 21, 2011).

 

Standard & Poor's takes no position on the mix of spending and revenue measures that Congress and the Administration might conclude is appropriate for putting the U.S.'s finances on a sustainable footing.

 

The act calls for as much as $2.4 trillion of reductions in expenditure growth over the 10 years through 2021. These cuts will be implemented in two steps: the $917 billion agreed to initially, followed by an additional $1.5 trillion that the newly formed Congressional Joint Select Committee on Deficit Reduction is supposed to recommend by November 2011. The act contains no measures to raise taxes or otherwise enhance revenues, though the committee could recommend them.

 

The act further provides that if Congress does not enact the committee's recommendations, cuts of $1.2 trillion will be implemented over the same time period. The reductions would mainly affect outlays for civilian discretionary spending, defense, and Medicare. We understand that this fall-back mechanism is designed to encourage Congress to embrace a more balanced mix of expenditure savings, as the committee might recommend.

 

We note that in a letter to Congress on Aug. 1, 2011, the Congressional Budget Office (CBO) estimated total budgetary savings under the act to be at least $2.1 trillion over the next 10 years relative to its baseline assumptions. In updating our own fiscal projections, with certain modifications outlined below, we have relied on the CBO's latest "Alternate Fiscal Scenario" of June 2011, updated to include the CBO assumptions contained in its Aug. 1 letter to Congress. In general, the CBO's "Alternate Fiscal Scenario" assumes a continuation of recent Congressional action overriding existing law.

 

We view the act's measures as a step toward fiscal consolidation. However, this is within the framework of a legislative mechanism that leaves open the details of what is finally agreed to until the end of 2011, and Congress and the Administration could modify any agreement in the future. Even assuming that at least $2.1 trillion of the spending reductions the act envisages are implemented, we maintain our view that the U.S. net general government debt burden (all levels of government combined, excluding liquid financial assets) will likely continue to grow. Under our revised base case fiscal scenario--which we consider to be consistent with a 'AA+' long-term rating and a negative outlook--we now project that net general government debt would rise from an estimated 74% of GDP by the end of 2011 to 79% in 2015 and 85% by 2021. Even the projected 2015 ratio of sovereign indebtedness is high in relation to those of peer credits and, as noted, would continue to rise under the act's revised policy settings.

 

Compared with previous projections, our revised base case scenario now assumes that the 2001 and 2003 tax cuts, due to expire by the end of 2012, remain in place. We have changed our assumption on this because the majority of Republicans in Congress continue to resist any measure that would raise revenues, a position we believe Congress reinforced by passing the act. Key macroeconomic assumptions in the base case scenario include trend real GDP growth of 3% and consumer price inflation near 2% annually over the decade.

 

Our revised upside scenario--which, other things being equal, we view as consistent with the outlook on the 'AA+' long-term rating being revised to stable--retains these same macroeconomic assumptions. In addition, it incorporates $950 billion of new revenues on the assumption that the 2001 and 2003 tax cuts for high earners lapse from 2013 onwards, as the Administration is advocating. In this scenario, we project that the net general government debt would rise from an estimated 74% of GDP by the end of 2011 to 77% in 2015 and to 78% by 2021.

 

Our revised downside scenario--which, other things being equal, we view as being consistent with a possible further downgrade to a 'AA' long-term rating--features less-favorable macroeconomic assumptions, as outlined below and also assumes that the second round of spending cuts (at least $1.2 trillion) that the act calls for does not occur. This scenario also assumes somewhat higher nominal interest rates for U.S. Treasuries. We still believe that the role of the U.S. dollar as the key reserve currency confers a government funding advantage, one that could change only slowly over time, and that Fed policy might lean toward continued loose monetary policy at a time of fiscal tightening. Nonetheless, it is possible that interest rates could rise if investors re-price relative risks. As a result, our alternate scenario factors in a 50 basis point (bp)-75 bp rise in 10-year bond yields relative to the base and upside cases from 2013 onwards. In this scenario, we project the net public debt burden would rise from 74% of GDP in 2011 to 90% in 2015 and to 101% by 2021.

 

Our revised scenarios also take into account the significant negative revisions to historical GDP data that the Bureau of Economic Analysis announced on July 29. From our perspective, the effect of these revisions underscores two related points when evaluating the likely debt trajectory of the U.S. government. First, the revisions show that the recent recession was deeper than previously assumed, so the GDP this year is lower than previously thought in both nominal and real terms. Consequently, the debt burden is slightly higher. Second, the revised data highlight the sub-par path of the current economic recovery when compared with rebounds following previous post-war recessions. We believe the sluggish pace of the current economic recovery could be consistent with the experiences of countries that have had financial crises in which the slow process of debt deleveraging in the private sector leads to a persistent drag on demand. As a result, our downside case scenario assumes relatively modest real trend GDP growth of 2.5% and inflation of near 1.5% annually going forward.

 

When comparing the U.S. to sovereigns with 'AAA' long-term ratings that we view as relevant peers--Canada, France, Germany, and the U.K.--we also observe, based on our base case scenarios for each, that the trajectory of the U.S.'s net public debt is diverging from the others. Including the U.S., we estimate that these five sovereigns will have net general government debt to GDP ratios this year ranging from 34% (Canada) to 80% (the U.K.), with the U.S. debt burden at 74%. By 2015, we project that their net public debt to GDP ratios will range between 30% (lowest, Canada) and 83% (highest, France), with the U.S. debt burden at 79%. However, in contrast with the U.S., we project that the net public debt burdens of these other sovereigns will begin to decline, either before or by 2015.

 

Standard & Poor's transfer T&C assessment of the U.S. remains 'AAA'. Our T&C assessment reflects our view of the likelihood of the sovereign restricting other public and private issuers' access to foreign exchange needed to meet debt service. Although in our view the credit standing of the U.S. government has deteriorated modestly, we see little indication that official interference of this kind is entering onto the policy agenda of either Congress or the Administration. Consequently, we continue to view this risk as being highly remote.

 

The outlook on the long-term rating is negative. As our downside alternate fiscal scenario illustrates, a higher public debt trajectory than we currently assume could lead us to lower the long-term rating again. On the other hand, as our upside scenario highlights, if the recommendations of the Congressional Joint Select Committee on Deficit Reduction--independently or coupled with other initiatives, such as the lapsing of the 2001 and 2003 tax cuts for high earners--lead to fiscal consolidation measures beyond the minimum mandated, and we believe they are likely to slow the deterioration of the government's debt dynamics, the long-term rating could stabilize at 'AA+'.

 


FOREIGN EXCHANGE RATES

 

Currency

Unit

Indian Rupees

US Dollar

1

Rs.61.33

UK Pound

1

Rs.100.79

Euro

1

Rs.84.38

 

INFORMATION DETAILS

 

Report Prepared by :

MNL

 

RATING EXPLANATIONS

 

RATING

STATUS

 

 

PROPOSED CREDIT LINE

>86

Aaa

Possesses an extremely sound financial base with the strongest capability for timely payment of interest and principal sums

 

Unlimited

71-85

Aa

Possesses adequate working capital. No caution needed for credit transaction. It has above average (strong) capability for payment of interest and principal sums

 

Large

56-70

A

Financial & operational base are regarded healthy. General unfavourable factors will not cause fatal effect. Satisfactory capability for payment of interest and principal sums

 

Fairly Large

41-55

Ba

Overall operation is considered normal. Capable to meet normal commitments.

 

Satisfactory

26-40

B

Capability to overcome financial difficulties seems comparatively below average.

 

Small

11-25

Ca

Adverse factors are apparent. Repayment of interest and principal sums in default or expected to be in default upon maturity

 

Limited with full security

<10

C

Absolute credit risk exists. Caution needed to be exercised

 

 

Credit not recommended

----

NB

New Business

----

 

This score serves as a reference to assess SC’s credit risk and to set the amount of credit to be extended. It is calculated from a composite of weighted scores obtained from each of the major sections of this report. The assessed factors and their relative weights (as indicated through %) are as follows:

 

Financial condition (40%)            Ownership background (20%)                 Payment record (10%)

Credit history (10%)                    Market trend (10%)                                Operational size (10%)

PRIVATE & CONFIDENTIAL : This information is provided to you at your request, you having employed MIPL for such purpose. You will use the information as aid only in determining the propriety of giving credit and generally as an aid to your business and for no other purpose. You will hold the information in strict confidence, and shall not reveal it or make it known to the subject persons, firms or corporations or to any other. MIPL does not warrant the correctness of the information as you hold it free of any liability whatsoever. You will be liable to and indemnify MIPL for any loss, damage or expense, occasioned by your breach or non observance of any one, or more of these conditions

This report is issued at your request without any risk and responsibility on the part of MIRA INFORM PRIVATE LIMITED (MIPL) or its officials.