Bunge Global SA (BG) FY2017 results: revenue $45.8 billion, up 7.3% on the year
Bunge Global SA (BG) reported revenue of $45.8 billion for fiscal 2017, the year ended 31 December 2017, up 7.3% on the year before. Net income was $160 million, down 78.5%, and diluted earnings per share $0.89. The figures are the company's own, from the 10-K it filed with the SEC on 22 February 2019.
Revenue
$45.8 billion
+7.3% on the year
FY2010FY2017
Operating margin
n/a
FY2010FY2017
Net income
$160 million
-78.5% on the year
FY2010FY2017
Diluted EPS
$0.89
-82.2% on the year
FY2010FY2017
this yearthe year beforeHover a bar for its figure.
The year in brief
Income statement (profit and loss)
$ million
FY2017
FY2016
FY2015
On the year
Last 8 years
Revenue
45,794
42,679
43,455
+7.3%
Cost of revenue
44,029
40,269
40,762
+9.3%
Gross profit
1,764
2,410
2,693
-26.8%
Gross margin
3.9%
5.6%
6.2%
Research and development
20.0
17.0
16.0
+17.6%
Selling, general and administrative
1,437
1,286
1,435
+11.7%
Interest expense
263
234
258
+12.4%
Pre-tax income
230
996
1,051
-76.9%
Income tax
56.0
220
296
-74.5%
Effective tax rate
24.3%
22.1%
28.2%
Net income
160
745
791
-78.5%
Net margin
0.3%
1.7%
1.8%
Diluted EPS
$0.89
$5.01
$5.07
-82.2%
$ 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
FY2017
FY2016
FY2015
On the year
Last 8 years
Operating cash flow
-1,975
446
610
Capital expenditure
662
784
649
-15.6%
Free cash flow
-2,637
-338
-39.0
Free cash flow margin
-5.8%
-0.8%
-0.1%
Cash from investing
1,819
534
-802
+240.6%
Cash from financing
-180
-488
360
Depreciation and amortisation
609
547
545
+11.3%
Share-based compensation
29.0
44.0
46.0
-34.1%
Buybacks
0.0
200
300
Dividends paid
247
223
207
+10.8%
Dividend per share
$1.80
n/a
n/a
Diluted shares, weighted
141m
148m
152m
-4.7%
Shares outstanding at period end
141m
140m
142m
+0.8%
Balance sheet
$ million
FY2017
FY2016
FY2015
On the year
Last 8 years
Shareholders' equity
7,148
7,144
6,441
+0.1%
Non-controlling interest
209
199
211
+5.0%
Redeemable equity
0.0
n/a
37.0
Short-term borrowings
n/a
257
648
Debt
4,479
4,007
3,795
+11.8%
Other liabilities
7,035
7,581
6,790
-7.2%
Total liabilities and equity
18,871
19,188
17,922
-1.7%
Fixed assets
5,310
5,099
4,736
+4.1%
Goodwill
515
373
418
+38.1%
Intangible assets
323
336
326
-3.9%
Investments
213
94.0
234
+126.6%
Trading assets
209
63.0
158
+231.7%
Cash and equivalents
601
934
411
-35.7%
Receivables
1,501
1,676
1,607
-10.4%
Inventory
5,074
4,773
4,466
+6.3%
Other assets
5,125
5,840
5,566
-12.2%
Total assets
18,871
19,188
17,922
-1.7%
10-K for the year ended 31 December 2017, filed 22 February 2019: the filing.