Bunge Global SA (BG) FY2015 results: revenue $43.5 billion, down 24.0% on the year
Bunge Global SA (BG) reported revenue of $43.5 billion for fiscal 2015, the year ended 31 December 2015, down 24.0% on the year before. Net income was $791 million, up 53.6%, and diluted earnings per share $5.07. The figures are the company's own, from the 10-K it filed with the SEC on 25 February 2016.
Revenue
$43.5 billion
-24.0% on the year
FY2008FY2015
Operating margin
n/a
FY2008FY2015
Net income
$791 million
+53.6% on the year
FY2008FY2015
Diluted EPS
$5.07
+59.9% on the year
FY2008FY2015
this yearthe year beforeHover a bar for its figure.
The year in brief
Income statement (profit and loss)
$ million
FY2015
FY2014
FY2013
On the year
Last 8 years
Revenue
43,455
57,161
61,347
-24.0%
Cost of revenue
40,762
54,540
58,587
-25.3%
Gross profit
2,693
2,621
2,760
+2.7%
Gross margin
6.2%
4.6%
4.5%
Research and development
16.0
20.0
19.0
-20.0%
Selling, general and administrative
1,435
1,691
1,559
-15.1%
Interest expense
258
347
363
-25.6%
Pre-tax income
1,051
734
1,014
+43.2%
Income tax
296
249
904
+18.9%
Effective tax rate
28.2%
33.9%
89.2%
Net income
791
515
306
+53.6%
Net margin
1.8%
0.9%
0.5%
Diluted EPS
$5.07
$3.17
$1.55
+59.9%
$ 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
FY2015
FY2014
FY2013
On the year
Last 8 years
Operating cash flow
610
1,399
2,225
-56.4%
Capital expenditure
649
839
1,042
-22.6%
Free cash flow
-39.0
560
1,183
Free cash flow margin
-0.1%
1.0%
1.9%
Cash from investing
-802
-685
-429
Cash from financing
360
-1,058
-1,565
Depreciation and amortisation
545
607
568
-10.2%
Share-based compensation
46.0
49.0
53.0
-6.1%
Buybacks
300
300
n/a
0.0%
Dividends paid
207
187
167
+10.7%
Diluted shares, weighted
152m
147m
148m
+3.4%
Shares outstanding at period end
142m
146m
148m
-2.2%
Balance sheet
$ million
FY2015
FY2014
FY2013
On the year
Last 8 years
Shareholders' equity
6,441
8,446
9,857
-23.7%
Non-controlling interest
211
244
231
-13.5%
Redeemable equity
37.0
n/a
n/a
Short-term borrowings
648
594
703
+9.1%
Debt
3,795
3,263
3,941
+16.3%
Other liabilities
6,790
8,885
12,049
-23.6%
Total liabilities and equity
17,922
21,432
26,781
-16.4%
Fixed assets
4,736
5,626
6,075
-15.8%
Goodwill
418
349
392
+19.8%
Intangible assets
326
256
326
+27.3%
Investments
234
230
162
+1.7%
Trading assets
158
110
n/a
+43.6%
Cash and equivalents
411
362
n/a
+13.5%
Receivables
1,607
1,840
2,144
-12.7%
Inventory
4,466
5,554
5,796
-19.6%
Other assets
5,566
7,105
11,886
-21.7%
Total assets
17,922
21,432
26,781
-16.4%
10-K for the year ended 31 December 2015, filed 25 February 2016: the filing.