The company said revenue for the quarter ended June 30, 2024 decreased $2.9 billion, or $22.2 billion, as lower sales prices ($3.6 billion) were partially offset by higher sales volumes ($0.7 billion).

1. 01

   The company said revenue for the quarter ended June 30, 2024 decreased $2.9 billion, or $22.2 billion, as lower sales prices ($3.6 billion) were partially offset by higher sales volumes ($0.7 billion).

2. 02

   ADM said earnings before taxes fell $0.5 billion, or $0.6 billion, citing lower pricing and execution margins and higher corporate unallocated costs. Adjusted segment operating profit (a non-GAAP measure) decreased $0.6 billion to $1.0 billion.

3. 03

   The company reported net cash from operating activities of $1.2 billion for the 6 months ended June 30, 2024 ($0.9 billion in the prior-year period), net cash used in investing activities of $1.6 billion, and share repurchases of $2.3 billion.

4. 04

   As of June 30, 2024, ADM said it had cash and cash equivalents of $0.8 billion and total available liquidity of $8.6 billion, with $7.8 billion of its $12.3 billion in credit facilities unused.

Analysis scope · Management's discussion (MD&A)We analyzed excerpts of the Management's Discussion and Analysis (MD&A) section (with omissions). Other sections of the report, such as the notes to the financial statements and risk factors, were not reviewed.

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