Bunge Global SA (BG) FY2016 results: revenue $42.7 billion, down 1.8% on the year
Bunge Global SA (BG) reported revenue of $42.7 billion for fiscal 2016, the year ended 31 December 2016, down 1.8% on the year before. Net income was $745 million, down 5.8%, and diluted earnings per share $5.01. The figures are the company's own, from the 10-K it filed with the SEC on 22 February 2019.
Revenue
$42.7 billion
-1.8% on the year
FY2009FY2016
Operating margin
n/a
FY2009FY2016
Net income
$745 million
-5.8% on the year
FY2009FY2016
Diluted EPS
$5.01
-1.2% on the year
FY2009FY2016
this yearthe year beforeHover a bar for its figure.
The year in brief
Income statement (profit and loss)
$ million
FY2016
FY2015
FY2014
On the year
Last 8 years
Revenue
42,679
43,455
57,161
-1.8%
Cost of revenue
40,269
40,762
54,540
-1.2%
Gross profit
2,410
2,693
2,621
-10.5%
Gross margin
5.6%
6.2%
4.6%
Research and development
17.0
16.0
20.0
+6.2%
Selling, general and administrative
1,286
1,435
1,691
-10.4%
Interest expense
234
258
347
-9.3%
Pre-tax income
996
1,051
734
-5.2%
Income tax
220
296
249
-25.7%
Effective tax rate
22.1%
28.2%
33.9%
Net income
745
791
515
-5.8%
Net margin
1.7%
1.8%
0.9%
Diluted EPS
$5.01
$5.07
$3.17
-1.2%
$ 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
FY2016
FY2015
FY2014
On the year
Last 8 years
Operating cash flow
446
610
1,399
-26.9%
Capital expenditure
784
649
839
+20.8%
Free cash flow
-338
-39.0
560
Free cash flow margin
-0.8%
-0.1%
1.0%
Cash from investing
534
-802
-685
Cash from financing
-488
360
-1,058
Depreciation and amortisation
547
545
607
+0.4%
Share-based compensation
44.0
46.0
49.0
-4.3%
Buybacks
200
300
300
-33.3%
Dividends paid
223
207
187
+7.7%
Diluted shares, weighted
148m
152m
147m
-2.6%
Shares outstanding at period end
140m
142m
146m
-2.1%
Balance sheet
$ million
FY2016
FY2015
FY2014
On the year
Last 8 years
Shareholders' equity
7,144
6,441
8,446
+10.9%
Non-controlling interest
199
211
244
-5.7%
Redeemable equity
n/a
37.0
n/a
Short-term borrowings
257
648
594
-60.3%
Debt
4,007
3,795
3,263
+5.6%
Other liabilities
7,581
6,790
8,885
+11.6%
Total liabilities and equity
19,188
17,922
21,432
+7.1%
Fixed assets
5,099
4,736
5,626
+7.7%
Goodwill
373
418
349
-10.8%
Intangible assets
336
326
256
+3.1%
Investments
94.0
234
230
-59.8%
Trading assets
63.0
158
110
-60.1%
Cash and equivalents
934
411
362
+127.3%
Receivables
1,676
1,607
1,840
+4.3%
Inventory
4,773
4,466
5,554
+6.9%
Other assets
5,840
5,566
7,105
+4.9%
Total assets
19,188
17,922
21,432
+7.1%
10-K for the year ended 31 December 2016, filed 22 February 2019: the filing.