For the quarter ending 2026-03-31, ADM had $607M increase in cash & cash equivalents over the period. -$44M in free cash flow.
| Cash Flow | 2026-03-31 | 2025-12-31 | 2025-09-30 | 2025-06-30 |
|---|---|---|---|---|
| Net earnings including non-controlling interests | 303 | 454 | 110 | 217 |
| Depreciation and amortization | 293 | 307 | 296 | 291 |
| Asset impairment charges | - | 24 | 232 | 105 |
| Deferred income taxes | -112 | 9 | 5 | -17 |
| Equity in earnings of unconsolidated affiliates, net of dividends | 10 | 349 | -143 | -10 |
| Stock compensation expense | 64 | -10 | 21 | 22 |
| (gain) on asset contributions, sales and investment revaluation, net | 57 | -182 | 47 | -176 |
| Other net | 39 | 15 | -94 | 10 |
| Segregated investments | 64 | 156 | 1,148 | -1,041 |
| Trade receivables | 726 | -624 | -34 | -852 |
| Inventories | 1,447 | 1,654 | -1,013 | -2,015 |
| Other current assets | 552 | -862 | 149 | 304 |
| Trade payables | 245 | 164 | 520 | -734 |
| Payables to brokerage customers | 1,312 | -734 | 1,090 | 787 |
| Accrued expenses and other payables | 940 | -21 | -405 | -153 |
| Net cash provided by (used in) operating activities | 150 | -313 | 1,809 | 4,298 |
| Capital expenditures | 194 | 356 | 296 | 305 |
| Net assets of businesses acquired | 0 | 0 | 13 | 5 |
| Proceeds from sales of assets | - | - | 110 | 96 |
| Proceeds from sales of assets, businesses and investments | 26 | 111 | - | - |
| Purchases of marketable securities | 0 | 32 | 0 | 0 |
| Proceeds from sales of marketable securities | 4 | 1 | 9 | 267 |
| Other net | -36 | 19 | -10 | 2 |
| Net cash used in investing activities | -128 | -373 | -253 | -262 |
| Long-term debt borrowings | - | 11 | - | - |
| Long-term debt payments | - | 9 | 763 | - |
| Net borrowings under lines of credit agreements | 919 | 552 | -609 | -1,920 |
| Share repurchases, net of tax | - | 0 | 0 | 0 |
| Cash dividends | 254 | 244 | 248 | 248 |
| Acquisition of non-controlling interests | - | 0 | 0 | 4 |
| Other net | -53 | 0 | 2 | 6 |
| Net cash provided by financing activities | 612 | 310 | -1,618 | -2,166 |
| Effect of exchange rate on cash, cash equivalents, restricted cash, and restricted cash equivalents | -27 | 6 | -7 | 18 |
| Increase in cash, cash equivalents, restricted cash, and restricted cash equivalents | 607 | -370 | -69 | 1,888 |
| Cash, cash equivalents, restricted cash, and restricted cash equivalents - beginning of period | 5,505 | 5,875 | 5,944 | 4,056 |
| Cash, cash equivalents, restricted cash, and restricted cash equivalents - end of period | 6,112 | 5,505 | 5,875 | 5,944 |
Archer-Daniels-Midland Co (ADM)
Archer-Daniels-Midland Co (ADM)