Adjustments for Non-Cash Items [USD, Millions]

Stock-Based Compensation [USD, Millions]

Changes in Working Capital [USD, Millions]

Capital Expenditures (CapEx) [USD, Millions]

Proceeds from / Repayments of Debt [USD, Millions]

Share Repurchases [USD, Millions]

Dividend Payments [USD, Millions]

Net Change in Cash [USD, Millions]

b53adefe0d066712464dddf5b178f426d455f2eed9e1031cc53ed5b8487cf5c0

Total Revenue [USD, Millions]

Cost of Goods Sold (COGS) [USD, Millions]

SG&A [USD, Millions]

R&D [USD, Millions]

D&A [USD, Millions]

Interest Expense [USD, Millions]

Operating Income (EBIT) [USD, Millions]

Net Income [USD, Millions]

EPS - Basic [USD, Per Share]

EPS - Diluted [USD, Per Share]

073b55ac03cad056ebb9ddfd36d1d1fd58d9577b1c0d5f697df0f60759fae053

a0060a923ec6879048d5824ae638fbd512baa3d5bd6a94e00c910b509072f351

45a435e5d026ccc541b46502b51e2b390442178666e44c3c3fedff2418a330ed

Change in net sales from prior period for Electronics & Industrial (Local price & product mix) (percentage)

Change in net sales from prior period for Electronics & Industrial (Currency) (percentage)

Change in net sales from prior period for Electronics & Industrial (Volume) (percentage)

Change in net sales from prior period for Electronics & Industrial (Portfolio & other) (percentage)

Change in net sales from prior period for Electronics & Industrial (Total) (percentage)

Change in net sales from prior period for Water & Protection (Local price & product mix) (percentage)

Change in net sales from prior period for Water & Protection (Currency) (percentage)

Change in net sales from prior period for Water & Protection (Volume) (percentage)

Change in net sales from prior period for Water & Protection (Portfolio & other) (percentage)

Change in net sales from prior period for Water & Protection (Total) (percentage)

27bdaffcd02078adc92d7e210de4b898299f61554770e8c25c3238e50bda3dcb

Net Sales (USD, millions)

Cost of Sales (USD, millions)

Research and Development Expenses (USD, millions)

Selling, General and Administrative Expenses (USD, millions)

Amortization of Intangibles (USD, millions)

Restructuring and Asset Related Charges - Net (USD, millions)

Goodwill Impairment Charge (USD, millions)

Acquisition, Integration and Separation Costs (USD, millions)

Equity in Earnings of Nonconsolidated Affiliates (USD, millions)

Sundry Income (Expense) - Net (USD, millions)

Interest Expense (USD, millions)

Income from Continuing Operations Before Income Taxes (USD, millions)

Provision for Income Taxes on Continuing Operations (USD, millions)

Income from Continuing Operations, Net of Tax (USD, millions)

(Loss) Income from Discontinued Operations, Net of Tax (USD, millions)

Net Income (USD, millions)

Net Income Attributable to Noncontrolling Interests (USD, millions)

Net Income Available for DuPont Common Stockholders (USD, millions)

1ea07116bb0c7d465cebb7703a1eb1859093578eaa24d654b406ee5d05eed4be

Cash and cash equivalents (USD, millions)

Restricted cash and cash equivalents (USD, millions)

Accounts and notes receivable - net (USD, millions)

Inventories (USD, millions)

Prepaid and other current assets (USD, millions)

Total current assets (USD, millions)

Property, plant and equipment - net (USD, millions)

Goodwill (USD, millions)

Other intangible assets (USD, millions)

Restricted cash and cash equivalents - noncurrent (USD, millions)

Investments and noncurrent receivables (USD, millions)

Deferred income tax assets (USD, millions)

Deferred charges and other assets (USD, millions)

Total other assets (USD, millions)

Total Assets (USD, millions)

Short-term borrowings (USD, millions)

Accounts payable (USD, millions)

Income taxes payable (USD, millions)

Accrued and other current liabilities (USD, millions)

Total current liabilities (USD, millions)

Long-Term Debt (USD, millions)

Deferred income tax liabilities (USD, millions)

Pension and other post-employment benefits - noncurrent (USD, millions)

Other noncurrent obligations (USD, millions)

Total other noncurrent liabilities (USD, millions)

Total Liabilities (USD, millions)

Common stock (USD, millions)

Additional paid-in capital (USD, millions)

Accumulated deficit (USD, millions)

Accumulated other comprehensive loss (USD, millions)

Total DuPont stockholders' equity (USD, millions)

Noncontrolling interests (USD, millions)

Total equity (USD, millions)

Total Liabilities and Equity (USD, millions)

efcda9f06b4e1fcc44248be4ac8a4b9c3e2da481d2b3bd0416fd1a0960dc87e9

DuPont’s cash and cash equivalents were lower in Q1 2024 mainly because several cash outflows outweighed the cash generated from operations. Although the company generated **$493 million** from operating activities, it spent **$207 million** on capital expenditures and executed a **$500 million** accelerated share repurchase program, which significantly reduced its cash balance. In addition, adverse exchange rate effects further decreased cash by **$25 million** during the quarter.  **[20240501PH01637:11]** **[0001666700-24-000011_exhibit991enrschedules-1q24.htm:0]** **[0001666700-24-000013_dd-20240331.htm:8]** **[20240501PH01637:0]** **[DD_3381826_1]** 

Why was Cash and cash equivalents lower in Q1 2024?

The change in **Restricted cash and cash equivalents** in Q4 2024 was primarily driven by two factors. First, the finalization of the **Water District Settlement Fund** in Q2 2024 resulted in the removal of **$408 million** from the restricted cash balances. Second, there was an addition of **$36 million** classified as “Restricted cash and cash equivalents – noncurrent” related to **MOU escrow account deposits**. These adjustments combined led to the notable change in the restricted cash position in Q4 2024.  **[0001666700-25-000005_dd-20241231.htm:141]** 

What drove the surge in Restricted cash in Q4 2024?

The drop in **Long-Term Debt in Q4 2024** was driven primarily by two actions. The company partially redeemed **$650 million of 2038 Notes** and also repaid the **$300 million Floating Rate Senior Unsecured Notes** that matured in November 2023.  **[0001666700-25-000005_dd-20241231.htm:152]** **[0001666700-25-000005_dd-20241231.htm:72]** 

What factors contributed to the drop in Long-Term Debt in Q4 2024?

The documents indicate that the **short-term borrowings spiked from $0 million in Q4 2023 to $1,848 million in Q4 2024**. Although they do not provide a definitive explanation, the increase is typically linked to liquidity management or funding needs. Specifically, activities during 2024—such as the **Donatelle Acquisition**, **partial redemption of 2038 Notes**, and **general corporate purposes**—could have contributed to the higher short-term financing requirements.  **[0001666700-25-000005_dd-20241231.htm:116]** **[0001666700-25-000005_dd-20241231.htm:72]** 

Why did Short-term borrowings spike in Q4 2024?

6d877d25f61188eb3f69b82f82f3c11bf5f8b470c711fa42198509477065c046

The increased costs in Q4 2024 were primarily due to expenses associated with **Previously Intended Business Separations** and the **Intended Electronics Separation**. These activities involved significant spending on financial advisory, IT, legal, accounting, consulting, and other professional fees, which drove the costs up substantially.  **[0001666700-25-000005_dd-20241231.htm:65]** **[0001666700-25-000002_exhibit991enrschedules-4q24.htm:20]** **[0001666700-25-000005_dd-20241231.htm:133]** 

Why were Acquisition, Integration and Separation Costs so high in Q4 2024?

The significant drop in **Sundry Income (Expense) - Net** in Q4 2024 was primarily driven by a **$290 million non-cash mark-to-market loss** on interest rate swaps (specifically related to the 2022 and 2024 swaps), a notable decrease in **interest income** from **$155 million in Q4 2023 to $73 million in Q4 2024**, and additional **foreign exchange losses** that further contributed to the decline.  **[0001666700-25-000002_exhibit991enrschedules-4q24.htm:20]** **[0001666700-25-000005_dd-20241231.htm:141]** **[0001666700-25-000005_dd-20241231.htm:65]** 

What drove the significant drop in Sundry Income (Expense) in Q4 2024?

DuPont’s Q4 2024 net income worsened primarily due to the impact of **negative charges** that outweighed the benefits from operational improvements. Although the company benefited from an improved operating EBITDA and the absence of a large goodwill impairment charge that was present in Q4 2023, the net income was pulled lower by a **$290 million interest rate swap loss** and higher **acquisition and separation costs of $117 million**. These adverse factors more than offset the positive effects, resulting in a significantly more negative net income compared to Q4 2023.  **[0001666700-25-000002_exhibit991enrschedules-4q24.htm:20]** **[DD_3415273_2]** **[20250211PH15698:1]** **[0001666700-25-000002_exhibit991enrschedules-4q24.htm:0]** 

Why did Net Income worsen in Q4 2024?

In Q3 2024, the boost in Income from Continuing Operations was driven by several key factors. **Higher segment earnings**—particularly in the **Electronics & Industrial** segment with **10% organic sales growth**—played a significant role.  **[20241105PH47916:0]** **[0001666700-24-000033_exhibit991enrschedules-3q24.htm:0]**  Additionally, the company benefited from **non-cash gains on interest rate swaps**, which provided a notable uplift.  **[20241105PH47916:0]**  A **lower effective tax rate of 18.1%**, compared to 28.7% in Q3 2023, further contributed to the improved profitability by reducing tax expenses.  **[0001666700-24-000036_dd-20240930.htm:19]**  Moreover, a **reduced share count** due to share repurchases and **cost savings from restructuring actions** enhanced operating leverage and margins.  **[20241105PH47916:0]** **[DD_3405724_19]** 

What factors contributed to the boost in Income from Continuing Operations in Q3 2024?

d25616ff55cc87935869a53ab19491ba6d48f4d3986a6a46ec6aaa439fc9a340

U.S. & Canada

- United States

- Canada

EMEA

Asia Pacific

- China/Hong Kong

Latin America

Total Revenue

bb0e355eeb1815599c6d96f259efe2038dba1ea6422f6978546deced58011b1e

Net income (USD, millions)

(Loss) income from discontinued operations (USD, millions)

Net income from continuing operations (USD, millions)

Depreciation and amortization (USD, millions)

Credit for deferred income tax and other tax related items (USD, millions)

Net periodic pension benefit costs (USD, millions)

Periodic benefit plan contributions (USD, millions)

Net gain on sales of assets, businesses and investments (USD, millions)

Restructuring and asset related charges - net (USD, millions)

Stock based compensation (USD, millions)

Goodwill impairment charge (USD, millions)

Interest rate swap loss (USD, millions)

Other net loss (USD, millions)

Cash provided by operating activities - continuing operations (USD, millions)

Capital expenditures (USD, millions)

Proceeds and adjustments to proceeds from sales of property and businesses, net of cash divested (USD, millions)

Other investing activities, net (USD, millions)

Cash (used for) provided by investing activities - continuing operations (USD, millions)

Purchases of common stock and forward contracts (USD, millions)

Proceeds from issuance of Company stock (USD, millions)

Employee taxes paid for share-based payment arrangements (USD, millions)

Distributions to noncontrolling interests (USD, millions)

Dividends paid to stockholders (USD, millions)

Cash used for financing activities - continuing operations (USD, millions)

Cash used for operations - discontinued operations (USD, millions)

Cash used in discontinued operations (USD, millions)

Effect of exchange rate changes on cash, cash equivalents and restricted cash (USD, millions)

(Decrease) increase in cash, cash equivalents and restricted cash (USD, millions)

313f12b434348478d47fdf8e58ccd41164796c0d0ef21a952111bb6793a2dbf3

Dupont De Nemours Inc (DD)

Financials