Bunge Global SA (BG) FY2018 results: revenue $45.7 billion, down 0.1% on the year
Bunge Global SA (BG) reported revenue of $45.7 billion for fiscal 2018, the year ended 31 December 2018, down 0.1% on the year before. Net income was $267 million, up 66.9%, and diluted earnings per share $1.64. The figures are the company's own, from the 10-K it filed with the SEC on 22 February 2019.
Revenue
$45.7 billion
-0.1% on the year
FY2011FY2018
Operating margin
n/a
FY2011FY2018
Net income
$267 million
+66.9% on the year
FY2011FY2018
Diluted EPS
$1.64
+84.3% on the year
FY2011FY2018
this yearthe year beforeHover a bar for its figure.
The year in brief
Income statement (profit and loss)
$ million
FY2018
FY2017
FY2016
On the year
Last 8 years
Revenue
45,743
45,794
42,679
-0.1%
Cost of revenue
43,477
44,029
40,269
-1.3%
Gross profit
2,266
1,764
2,410
+28.5%
Gross margin
5.0%
3.9%
5.6%
Research and development
15.0
20.0
17.0
-25.0%
Selling, general and administrative
1,423
1,437
1,286
-1.0%
Interest expense
339
263
234
+28.9%
Pre-tax income
456
230
996
+98.3%
Income tax
179
56.0
220
+219.6%
Effective tax rate
39.3%
24.3%
22.1%
Net income
267
160
745
+66.9%
Net margin
0.6%
0.3%
1.7%
Diluted EPS
$1.64
$0.89
$5.01
+84.3%
$ 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
FY2018
FY2017
FY2016
On the year
Last 8 years
Operating cash flow
-1,264
-1,975
446
Capital expenditure
493
662
784
-25.5%
Free cash flow
-1,757
-2,637
-338
Free cash flow margin
-3.8%
-5.8%
-0.8%
Cash from investing
410
1,819
534
-77.5%
Cash from financing
631
-180
-488
Depreciation and amortisation
622
609
547
+2.1%
Share-based compensation
46.0
29.0
44.0
+58.6%
Buybacks
0.0
0.0
200
Dividends paid
271
247
223
+9.7%
Dividend per share
$1.96
$1.80
n/a
+8.9%
Diluted shares, weighted
142m
141m
148m
+0.3%
Shares outstanding at period end
141m
141m
140m
+0.3%
Balance sheet
$ million
FY2018
FY2017
FY2016
On the year
Last 8 years
Shareholders' equity
6,173
7,148
7,144
-13.6%
Non-controlling interest
205
209
199
-1.9%
Redeemable equity
424
0.0
n/a
Short-term borrowings
n/a
n/a
257
Debt
5,372
4,479
4,007
+19.9%
Other liabilities
7,251
7,035
7,581
+3.1%
Total liabilities and equity
19,425
18,871
19,188
+2.9%
Fixed assets
5,201
5,310
5,099
-2.1%
Goodwill
727
515
373
+41.2%
Intangible assets
697
323
336
+115.8%
Investments
162
213
94.0
-23.9%
Trading assets
144
209
63.0
-31.1%
Cash and equivalents
389
601
934
-35.3%
Receivables
1,637
1,501
1,676
+9.1%
Inventory
5,871
5,074
4,773
+15.7%
Other assets
4,597
5,125
5,840
-10.3%
Total assets
19,425
18,871
19,188
+2.9%
10-K for the year ended 31 December 2018, filed 22 February 2019: the filing.