Bunge Global SA (BG) FY2013 results: revenue $61.3 billion, up 0.6% on the year
Bunge Global SA (BG) reported revenue of $61.3 billion for fiscal 2013, the year ended 31 December 2013, up 0.6% on the year before. Net income was $306 million, up 378.1%, and diluted earnings per share $1.55. The figures are the company's own, from the 10-K it filed with the SEC on 28 February 2014.
Revenue
$61.3 billion
+0.6% on the year
FY2007FY2013
Operating margin
n/a
FY2007FY2013
Net income
$306 million
+378.1% on the year
FY2007FY2013
Diluted EPS
$1.55
+715.8% on the year
FY2007FY2013
this yearthe year beforeHover a bar for its figure.
The year in brief
Income statement (profit and loss)
$ million
FY2013
FY2012
FY2011
On the year
Last 8 years
Revenue
61,347
60,991
56,097
+0.6%
Cost of revenue
58,587
58,418
53,470
+0.3%
Gross profit
2,760
2,573
2,627
+7.3%
Gross margin
4.5%
4.2%
4.7%
Research and development
19.0
19.0
21.0
0.0%
Selling, general and administrative
1,559
1,563
1,436
-0.3%
Interest expense
363
294
295
+23.5%
Pre-tax income
1,014
372
1,020
+172.6%
Income tax
904
-6.0
55.0
Effective tax rate
89.2%
-1.6%
5.4%
Net income
306
64.0
942
+378.1%
Net margin
0.5%
0.1%
1.7%
Diluted EPS
$1.55
$0.19
$6.07
+715.8%
$ 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
FY2013
FY2012
FY2011
On the year
Last 8 years
Operating cash flow
2,225
-457
2,614
Capital expenditure
1,042
1,095
1,125
-4.8%
Free cash flow
1,183
-1,552
1,489
Free cash flow margin
1.9%
-2.5%
2.7%
Cash from investing
-429
-967
-1,220
Cash from financing
-1,565
1,206
-1,060
Depreciation and amortisation
568
570
526
-0.4%
Share-based compensation
53.0
44.0
49.0
+20.5%
Buybacks
n/a
n/a
120
Dividends paid
167
151
140
+10.6%
Diluted shares, weighted
148m
147m
155m
+0.8%
Shares outstanding at period end
148m
146m
146m
+1.0%
Balance sheet
$ million
FY2013
FY2012
FY2011
On the year
Last 8 years
Shareholders' equity
9,857
10,862
11,707
-9.3%
Non-controlling interest
231
393
368
-41.2%
Short-term borrowings
703
1,598
719
-56.0%
Debt
3,941
4,251
3,362
-7.3%
Other liabilities
12,049
10,176
9,065
+18.4%
Total liabilities and equity
26,781
27,280
25,221
-1.8%
Fixed assets
6,075
5,888
5,517
+3.2%
Goodwill
392
351
893
+11.7%
Intangible assets
326
295
220
+10.5%
Investments
162
105
50.0
+54.3%
Receivables
2,144
2,471
2,459
-13.2%
Inventory
5,796
6,590
n/a
-12.0%
Other assets
11,886
11,580
16,082
+2.6%
Total assets
26,781
27,280
25,221
-1.8%
10-K for the year ended 31 December 2013, filed 28 February 2014: the filing.