Bunge Global SA (BG) FY2012 results: revenue $61.0 billion, up 8.7% on the year
Bunge Global SA (BG) reported revenue of $61.0 billion for fiscal 2012, the year ended 31 December 2012, up 8.7% on the year before. Net income was $64 million, down 93.2%, and diluted earnings per share $0.19. The figures are the company's own, from the 10-K it filed with the SEC on 1 March 2013.
Revenue
$61.0 billion
+8.7% on the year
FY2007FY2012
Operating margin
n/a
FY2007FY2012
Net income
$64 million
-93.2% on the year
FY2007FY2012
Diluted EPS
$0.19
-96.9% on the year
FY2007FY2012
this yearthe year beforeHover a bar for its figure.
The year in brief
Income statement (profit and loss)
$ million
FY2012
FY2011
FY2010
On the year
Last 8 years
Revenue
60,991
56,097
43,953
+8.7%
Cost of revenue
58,418
53,470
41,640
+9.3%
Gross profit
2,573
2,627
2,313
-2.1%
Gross margin
4.2%
4.7%
5.3%
Research and development
19.0
21.0
22.0
-9.5%
Selling, general and administrative
1,563
1,436
1,455
+8.8%
Interest expense
294
295
294
-0.3%
Pre-tax income
372
1,020
3,049
-63.5%
Income tax
-6.0
55.0
699
Effective tax rate
-1.6%
5.4%
22.9%
Net income
64.0
942
2,354
-93.2%
Net margin
0.1%
1.7%
5.4%
Diluted EPS
$0.19
$6.07
$15.06
-96.9%
$ 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
FY2012
FY2011
FY2010
On the year
Last 8 years
Operating cash flow
-457
2,614
-2,435
Capital expenditure
1,095
1,125
1,072
-2.7%
Free cash flow
-1,552
1,489
-3,507
Free cash flow margin
-2.5%
2.7%
-8.0%
Cash from investing
-967
-1,220
2,509
Cash from financing
1,206
-1,060
-30.0
Depreciation and amortisation
570
526
443
+8.4%
Share-based compensation
44.0
49.0
60.0
-10.2%
Buybacks
n/a
120
354
Dividends paid
151
140
124
+7.9%
Diluted shares, weighted
147m
155m
156m
-5.2%
Shares outstanding at period end
146m
146m
147m
+0.5%
Balance sheet
$ million
FY2012
FY2011
FY2010
On the year
Last 8 years
Shareholders' equity
10,862
11,707
12,220
-7.2%
Non-controlling interest
393
368
334
+6.8%
Short-term borrowings
1,598
719
1,718
+122.3%
Debt
4,251
3,362
3,163
+26.4%
Other liabilities
10,176
9,065
8,566
+12.3%
Total liabilities and equity
27,280
25,221
26,001
+8.2%
Fixed assets
5,888
5,517
5,312
+6.7%
Goodwill
351
893
934
-60.7%
Intangible assets
295
220
186
+34.1%
Investments
105
50.0
39.0
+110.0%
Cash and equivalents
n/a
n/a
578
Receivables
2,471
2,459
2,901
+0.5%
Inventory
6,590
n/a
n/a
Other assets
11,580
16,082
16,051
-28.0%
Total assets
27,280
25,221
26,001
+8.2%
10-K for the year ended 31 December 2012, filed 1 March 2013: the filing.