Bunge Global SA (BG) FY2019 results: revenue $41.1 billion, down 10.1% on the year
Bunge Global SA (BG) reported revenue of $41.1 billion for fiscal 2019, the year ended 31 December 2019, down 10.1% on the year before. Net income was -$1.3 billion, and diluted earnings per share $-9.34. The figures are the company's own, from the 10-K it filed with the SEC on 21 February 2020.
Revenue
$41.1 billion
-10.1% on the year
FY2012FY2019
Operating margin
n/a
FY2012FY2019
Net income
-$1.3 billion
FY2012FY2019
Diluted EPS
-$9.34
FY2012FY2019
this yearthe year beforeHover a bar for its figure.
The year in brief
Income statement (profit and loss)
$ million
FY2019
FY2018
FY2017
On the year
Last 8 years
Revenue
41,140
45,743
45,794
-10.1%
Cost of revenue
40,598
43,477
44,029
-6.6%
Gross profit
542
2,266
1,764
-76.1%
Gross margin
1.3%
5.0%
3.9%
Research and development
15.0
15.0
20.0
0.0%
Selling, general and administrative
1,351
1,423
1,437
-5.1%
Interest expense
339
339
263
0.0%
Pre-tax income
-1,205
456
230
Income tax
86.0
179
56.0
-52.0%
Effective tax rate
n/a
39.3%
24.3%
Net income
-1,280
267
160
Net margin
-3.1%
0.6%
0.3%
Diluted EPS
-$9.34
$1.64
$0.89
$ 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
FY2019
FY2018
FY2017
On the year
Last 8 years
Operating cash flow
-808
-1,264
-1,975
Capital expenditure
524
493
662
+6.3%
Free cash flow
-1,332
-1,757
-2,637
Free cash flow margin
-3.2%
-3.8%
-5.8%
Cash from investing
1,503
410
1,819
+266.6%
Cash from financing
-771
631
-180
Depreciation and amortisation
548
622
609
-11.9%
Share-based compensation
39.0
46.0
29.0
-15.2%
Buybacks
0.0
0.0
0.0
Dividends paid
283
271
247
+4.4%
Dividend per share
$2.00
$1.96
$1.80
+2.0%
Diluted shares, weighted
141m
142m
141m
-0.1%
Shares outstanding at period end
142m
141m
141m
+0.5%
Balance sheet
$ million
FY2019
FY2018
FY2017
On the year
Last 8 years
Shareholders' equity
5,913
6,173
7,148
-4.2%
Non-controlling interest
117
205
209
-42.9%
Redeemable equity
397
424
0.0
-6.4%
Debt
4,994
5,372
4,479
-7.0%
Operating lease liabilities
539
n/a
n/a
Other liabilities
6,357
7,251
7,035
-12.3%
Total liabilities and equity
18,317
19,425
18,871
-5.7%
Fixed assets
4,132
5,201
5,310
-20.6%
Goodwill
611
727
515
-16.0%
Intangible assets
583
697
323
-16.4%
Investments
476
162
213
+193.8%
Trading assets
n/a
144
209
Cash and equivalents
320
389
601
-17.7%
Receivables
1,705
1,637
1,501
+4.2%
Inventory
5,038
5,871
5,074
-14.2%
Other assets
5,452
4,597
5,125
+18.6%
Total assets
18,317
19,425
18,871
-5.7%
10-K for the year ended 31 December 2019, filed 21 February 2020: the filing.