Below are the financial statements of AGCO, including the income statement and balance sheet for the company's latest fiscal year. All figures are accurate, verifiable, and fully traceable to the original annual filing where disclosed.
| All figures in millions of USD | 2024 | 2023 | 2022 |
|---|---|---|---|
| Net sales | 11,661.9a | 14,412.4a | 12,651.4a |
| Cost of goods sold | -8,762.8a | -10,635a | -9,650.1a |
| Gross profit | 2,899.1a | 3,777.4a | 3,001.3a |
| Operating expenses | — | — | — |
| Selling, general and administrative expenses | -1,397.7a | -1,454.5a | -1,189.5a |
| Engineering expenses | -493a | -548.8a | -444.2a |
| Amortization of intangibles | -81a | -57.7a | -60.1a |
| Impairment charges | -369.5a | -4.1a | -36a |
| Restructuring and business optimization expenses | -172.7a | -11.9a | -6.1a |
| Loss on sale of business | -507.3a | 0a | 0a |
| Income (loss) from operations | -122.1a | 1,700.4a | 1,265.4a |
| Interest expense, net | -93a | -4.6a | -13a |
| Other expense, net | 218.5a | 362.3a | 145.2a |
| Income (loss) before income taxes and equity in net earnings of affiliates | -433.6a | 1,333.5a | 1,107.2a |
| Income tax provision | -98.4a | -230.4a | -296.6a |
| Income (loss) before equity in net earnings of affiliates | -532a | 1,103.1a | 810.6a |
| Equity in net earnings of affiliates | 46.4a | 68.2a | 64.1a |
| Net income (loss) | -485.6a | 1,171.3a | 874.7a |
| Net loss attributable to noncontrolling interests | 60.8a | 0.1a | 14.9a |
| Net income (loss) attributable to AGCO Corporation | -424.8a | 1,171.4a | 889.6a |
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