Bunge Global SA (BG) FY2011 results: revenue $56.1 billion, up 27.6% on the year
Bunge Global SA (BG) reported revenue of $56.1 billion for fiscal 2011, the year ended 31 December 2011, up 27.6% on the year before. Net income was $942 million, down 60.0%, and diluted earnings per share $6.07. The figures are the company's own, from the 10-K it filed with the SEC on 27 February 2012.
Revenue
$56.1 billion
+27.6% on the year
FY2007FY2011
Operating margin
n/a
FY2007FY2011
Net income
$942 million
-60.0% on the year
FY2007FY2011
Diluted EPS
$6.07
-59.7% on the year
FY2007FY2011
this yearthe year beforeHover a bar for its figure.
The year in brief
Income statement (profit and loss)
$ million
FY2011
FY2010
FY2009
On the year
Last 8 years
Revenue
56,097
43,953
41,926
+27.6%
Cost of revenue
53,470
41,640
40,722
+28.4%
Gross profit
2,627
2,313
1,204
+13.6%
Gross margin
4.7%
5.3%
2.9%
Research and development
21.0
22.0
26.0
-4.5%
Selling, general and administrative
1,436
1,455
1,342
-1.3%
Interest expense
295
294
283
+0.3%
Pre-tax income
1,020
3,049
145
-66.5%
Income tax
55.0
699
-110
-92.1%
Effective tax rate
5.4%
22.9%
-75.9%
Net income
942
2,354
361
-60.0%
Net margin
1.7%
5.4%
0.9%
Diluted EPS
$6.07
$15.06
$2.22
-59.7%
$ million except per share. Read moreFree cash flow is operating cash flow less capital expenditure; the effective tax rate is income tax over pre-tax income; margins are the line over revenue. Gross profit is revenue less cost of revenue, and operating income is revenue less the company's own total costs, where the statement does not print those lines. Those four are arithmetic on the filed numbers; everything else is as filed. Money is in $ million as the company files it, or in $ billion by the switch above the tables; per share figures and share counts are as they are.
Cash flow
$ million
FY2011
FY2010
FY2009
On the year
Last 8 years
Operating cash flow
2,614
-2,435
-368
Capital expenditure
1,125
1,072
918
+4.9%
Free cash flow
1,489
-3,507
-1,286
Free cash flow margin
2.7%
-8.0%
-3.1%
Cash from investing
-1,220
2,509
-952
Cash from financing
-1,060
-30.0
774
Depreciation and amortisation
526
443
443
+18.7%
Share-based compensation
49.0
60.0
17.0
-18.3%
Buybacks
120
354
n/a
-66.1%
Dividends paid
140
124
103
+12.9%
Diluted shares, weighted
155m
156m
128m
-0.7%
Shares outstanding at period end
146m
147m
134m
-0.7%
Balance sheet
$ million
FY2011
FY2010
FY2009
On the year
Last 8 years
Shareholders' equity
11,707
12,220
9,494
-4.2%
Non-controlling interest
368
334
871
+10.2%
Short-term borrowings
719
1,718
166
-58.1%
Debt
3,362
3,163
3,649
+6.3%
Other liabilities
9,065
8,566
7,106
+5.8%
Total liabilities and equity
25,221
26,001
21,286
-3.0%
Fixed assets
5,517
5,312
5,347
+3.9%
Goodwill
893
934
427
-4.4%
Intangible assets
220
186
170
+18.3%
Investments
50.0
39.0
15.0
+28.2%
Cash and equivalents
n/a
578
553
Receivables
2,459
2,901
2,363
-15.2%
Other assets
16,082
16,051
12,411
+0.2%
Total assets
25,221
26,001
21,286
-3.0%
10-K for the year ended 31 December 2011, filed 27 February 2012: the filing.