Bunge Global SA (BG) FY2020 results: revenue $41.4 billion, up 0.6% on the year
Bunge Global SA (BG) reported revenue of $41.4 billion for fiscal 2020, the year ended 31 December 2020, up 0.6% on the year before. Net income was $1.1 billion, and diluted earnings per share $7.71. The figures are the company's own, from the 10-K it filed with the SEC on 19 February 2021.
Revenue
$41.4 billion
+0.6% on the year
FY2013FY2020
Operating margin
n/a
FY2013FY2020
Net income
$1.1 billion
FY2013FY2020
Diluted EPS
$7.71
FY2013FY2020
this yearthe year beforeHover a bar for its figure.
The year in brief
Income statement (profit and loss)
$ million
FY2020
FY2019
FY2018
On the year
Last 8 years
Revenue
41,404
41,140
45,743
+0.6%
Cost of revenue
38,619
40,598
43,477
-4.9%
Gross profit
2,785
542
2,266
+413.8%
Gross margin
6.7%
1.3%
5.0%
Research and development
24.0
15.0
15.0
+60.0%
Selling, general and administrative
1,358
1,351
1,423
+0.5%
Interest expense
265
339
339
-21.8%
Pre-tax income
1,413
-1,205
456
Income tax
248
86.0
179
+188.4%
Effective tax rate
17.6%
n/a
39.3%
Net income
1,145
-1,280
267
Net margin
2.8%
-3.1%
0.6%
Diluted EPS
$7.71
-$9.34
$1.64
$ 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
FY2020
FY2019
FY2018
On the year
Last 8 years
Operating cash flow
-3,536
-808
-1,264
Capital expenditure
365
524
493
-30.3%
Free cash flow
-3,901
-1,332
-1,757
Free cash flow margin
-9.4%
-3.2%
-3.8%
Cash from investing
1,813
1,503
410
+20.6%
Cash from financing
1,763
-771
631
Depreciation and amortisation
435
548
622
-20.6%
Share-based compensation
71.0
39.0
46.0
+82.1%
Buybacks
100
0.0
0.0
Dividends paid
282
283
271
-0.4%
Dividend per share
$2.00
$2.00
$1.96
0.0%
Diluted shares, weighted
150m
141m
142m
+5.8%
Shares outstanding at period end
140m
142m
141m
-1.4%
Balance sheet
$ million
FY2020
FY2019
FY2018
On the year
Last 8 years
Shareholders' equity
6,069
5,913
6,173
+2.6%
Non-controlling interest
136
117
205
+16.2%
Redeemable equity
415
397
424
+4.5%
Debt
7,288
4,994
5,372
+45.9%
Operating lease liabilities
581
539
n/a
+7.8%
Other liabilities
9,166
6,357
7,251
+44.2%
Total liabilities and equity
23,655
18,317
19,425
+29.1%
Fixed assets
3,775
4,132
5,201
-8.6%
Goodwill
586
611
727
-4.1%
Intangible assets
529
583
697
-9.3%
Investments
482
476
162
+1.3%
Trading assets
n/a
n/a
144
Cash and equivalents
352
320
389
+10.0%
Receivables
1,717
1,705
1,637
+0.7%
Inventory
7,172
5,038
5,871
+42.4%
Other assets
9,042
5,452
4,597
+65.8%
Total assets
23,655
18,317
19,425
+29.1%
10-K for the year ended 31 December 2020, filed 19 February 2021: the filing.