ADM · 10-Q · 2026Q3 · Full report
Liquidity and Debt Position
Archer-Daniels-Midland Co · 2026-11-03 · Importance 37 · Surprise 6 · Matches filing data
At September 30, 2026, ADM had $711 million of cash and cash equivalents, including $452 million held by foreign subsidiaries whose undistributed earnings were considered indefinitely reinvested. Total available liquidity was $9.9 billion, consisting of cash and unused credit lines; total credit lines were $12.7 billion, of which $9.2 billion was unused. Commercial paper outstanding was $690 million, and $5.1 billion of credit lines supported the U.S. and European commercial paper programs. ADM reported shareholders’ equity of $23.9 billion and said available cash, operating cash flows, and unused credit lines were expected to meet liquidity needs for at least the next twelve months.
Key facts
- ADM’s total available liquidity at September 30, 2026 was $9.9 billion, consisting of cash and cash equivalents and unused lines of credit; ADM expected available resources to meet liquidity needs for at least the next twelve months. source
- In the nine months ended September 30, 2026, the Company redeemed the entire $1 billion aggregate principal amount of its 2.50% Notes, which matured in August 2026. source
- At September 30, 2026, ADM had shareholders’ equity of $23.9 billion and credit lines totaling $12.7 billion, of which $9.2 billion was unused. source
- At September 30, 2026, $5.1 billion of ADM’s total credit lines supported its combined U.S. and European commercial paper borrowing programs, and $690 million of commercial paper was outstanding. source
- The Company’s accounts receivable securitization Programs provide up to $2.9 billion in funding against transferred accounts receivable. source
- At September 30, 2026, ADM held $711 million in cash and cash equivalents, including $452 million held by foreign subsidiaries whose undistributed earnings were considered indefinitely reinvested. source
- ADM’s unused and available U.S. credit capacity was $4.9 billion at September 30, 2026. source
- Net cash used in financing activities was $832 million in the nine months ended September 30, 2026, compared with $3.2 billion in the nine months ended September 30, 2025. source
Impact estimates
| metric | direction | stage | expected | basis |
|---|---|---|---|---|
| cash | positive | realized | +4.3% | Net cash used in financing activities was $832 million in the nine months ended September 30, 2026, compared with $3.2 billion in the nine… |
| liability | positive | realized | +1.8% | In the nine months ended September 30, 2026, the Company redeemed the entire $1 billion aggregate principal amount of its 2.50% Notes,… |
| cash | negative | realized | -1.8% | In the nine months ended September 30, 2026, the Company redeemed the entire $1 billion aggregate principal amount of its 2.50% Notes,… |
| liability | negative | realized | -1.3% | In the nine months ended September 30, 2026, the Company received $705 million in short-term debt proceeds and repaid $399 million of… |
| liability | positive | realized | +0.7% | In the nine months ended September 30, 2026, the Company received $705 million in short-term debt proceeds and repaid $399 million of… |