The Archer Daniels Midland Company (ADM) is a food-processing and commodities-trading corporation, based in Illinois, USA.
The company operates more than 470 sourcing facilities and over 270 processing plants, which convert corn, oilseeds, wheat and cocoa into products for food, animal feed, industrial and energy use.
The Archer Daniels Midland Company was founded in 1902 by George A. Archer and John W. Daniels (as a linseed crushing business).
It was incorporated in 1923 and currently trades on the New York Stock Exchange (NYSE) under the stock ticker symbol ‘ADM’.
The company connects crops to markets in over 140 countries across six continents.
Its four primary business segments are:
Oilseeds Processing – global activities related to the origination, merchandising, crushing and further processing of oilseeds such as soybeans and soft seeds
Corn Processing – corn wet milling and dry milling activities (mainly in the United States).
Agricultural Services – buying, storing, cleaning, and transporting agricultural commodities
Other – this segment focuses on the company’s other operations (mainly financial business units).
The company provides agricultural storage and transportation services under the subsidiaries “The American River Transportation Company” and “ADM Trucking, Inc.”
Overview
- Chairman, President and CEO: Patricia A. Woertz
- Industry: Food Processing/Commodities
- Type: Public
- Listed on the New York Stock Exchange (NYSE)
- S&P 500 Component
- NYSE stock symbol: ADM
- Founded: 1902
- Founders: George A. Archer and John W. Daniels
- Revenue: $89.804 billion USD (2013)
- Net income: $1.354 billion USD (2013)
- Diluted earnings per share: $2.02 USD (2013)
- Company head office: 77 West Wacker Drive, Suite 4600 Chicago, IL 60601, USA
- Employees: 33,900 (2013)
- Website: http://www.adm.com/
- Investor relations contact number: 217-424-5200
The Archer Daniels Midland Company Financial Results, Years Ended December 31
| Operating data (in $ millions) | 2014 | 2013 |
| Revenues | $81,201 | $89,804 |
| Cost of products sold | $76,433 | $85,915 |
| Gross profit | $4,768 | $3,889 |
| Selling, general, and administrative expenses | $1,907 | $1,759 |
| Asset impairment, exit, and restructuring costs | $105 | $259 |
| Interest expense | $337 | $413 |
| Income (in $ millions) | ||
| Earnings before income taxes | $3,130 | $2,024 |
| Net income including non-controlling interests | $2,253 | $1,354 |
| Net income attributable to controlling interests | $2,248 | $1,342 |
| Balance sheet data (in $ millions) | ||
| Total assets | $44,027 | $43,752 |
| Total long-term liabilities | $8,795 | $7,900 |
| Total shareholders’ equity | $19,630 | $20,194 |
| Common share data (in $) | ||
| Basic earnings per share | $3.44 | $2.03 |
| Diluted earnings per share | $3.43 | $2.02 |
| Cash flow data (in $ millions) | ||
| Cash provided by operating activities | $4,962 | $5,226 |
| Cash used in investing activities | $(3,407) | $(577) |
| Cash used in financing activities | $(3,577) | $(3,242) |
| Cash and cash equivalents at beginning of year | $3,121 | $1,714 |
| Cash and cash equivalents at end of year | $1,099 | $3,121 |
Source: “ADM Form 10-K 2014”