Bunge Global SA (BG) Q3 FY2021 earnings: revenue $14.1 billion, up 39.0% on the year
Bunge Global SA (BG) reported revenue of $14.1 billion for Q3 FY2021, the quarter ended 30 September 2021, up 39.0% on the same quarter a year earlier. Net income was $653 million, up 149.2% on the year, and diluted earnings per share $4.28. The figures are the company's own, from the 10-Q it filed with the SEC on 27 October 2021.
Revenue
$14.1 billion
+39.0% on the year · -8.3% on the quarter
Q4 FY2019Q3 FY2021
Operating margin
n/a
Q4 FY2019Q3 FY2021
Net income
$653 million
+149.2% on the year · +80.4% on the quarter
Q4 FY2019Q3 FY2021
Diluted EPS
$4.28
+132.6% on the year · +80.6% on the quarter
Q4 FY2019Q3 FY2021
this quarterthe same quarter a year earlierHover a bar for its figure.
Income statement (profit and loss)
$ million
Q3 FY2021
Q2 FY2021
Q3 FY2020
On the quarter
On the year
Last 8 quarters
Revenue
14,117
15,391
10,159
-8.3%
+39.0%
Cost of revenue
13,255
14,726
9,557
-10.0%
+38.7%
Gross profit
862
665
602
+29.6%
+43.2%
Gross margin
6.1%
4.3%
5.9%
Selling, general and administrative
327
297
352
+10.1%
-7.1%
Interest expense
57.0
54.0
56.0
+5.6%
+1.8%
Pre-tax income
741
419
305
+76.8%
+143.0%
Income tax
92.0
50.0
38.0
+84.0%
+142.1%
Effective tax rate
12.4%
11.9%
12.5%
Net income
653
362
262
+80.4%
+149.2%
Net margin
4.6%
2.4%
2.6%
Diluted EPS
$4.28
$2.37
$1.84
+80.6%
+132.6%
$ 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
Q3 FY2021
Q2 FY2021
Q3 FY2020
On the quarter
On the year
Last 8 quarters
Operating cash flow
-206
-449
-626
Capital expenditure
106
80.0
103
+32.5%
+2.9%
Free cash flow
-312
-529
-729
Free cash flow margin
-2.2%
-3.4%
-7.2%
Cash from investing
1,673
774
252
+116.1%
+563.9%
Cash from financing
-936
60.0
403
Depreciation and amortisation
105
106
106
-0.9%
-0.9%
Share-based compensation
17.0
16.0
20.0
+6.2%
-15.0%
Buybacks
100
n/a
0.0
Dividends paid
n/a
79.0
78.0
Dividend per share
$0.53
$0.53
$0.50
0.0%
+5.0%
Diluted shares, weighted
153m
153m
149m
-0.1%
+2.7%
Shares outstanding at period end
140m
142m
140m
-0.9%
+0.6%
Cash flow lines for the quarter; where the company files them year to date, the quarter is the difference between two filings.
Balance sheet
$ million
Q3 FY2021
Q2 FY2021
Q3 FY2020
On the quarter
On the year
Last 8 quarters
Shareholders' equity
7,495
7,184
5,327
+4.3%
+40.7%
Non-controlling interest
136
147
124
-7.5%
+9.7%
Redeemable equity
403
483
403
-16.6%
0.0%
Debt
6,475
7,193
6,538
-10.0%
-1.0%
Operating lease liabilities
522
539
584
-3.2%
-10.6%
Other liabilities
9,078
9,539
7,785
-4.8%
+16.6%
Total liabilities and equity
24,109
25,085
20,761
-3.9%
+16.1%
Fixed assets
3,658
3,719
3,720
-1.6%
-1.7%
Goodwill
562
579
559
-2.9%
+0.5%
Intangible assets
482
502
524
-4.0%
-8.0%
Investments
611
611
422
0.0%
+44.8%
Cash and equivalents
1,033
464
291
+122.6%
+255.0%
Receivables
2,431
2,526
1,623
-3.8%
+49.8%
Inventory
8,014
8,460
6,463
-5.3%
+24.0%
Other assets
7,318
8,224
7,159
-11.0%
+2.2%
Total assets
24,109
25,085
20,761
-3.9%
+16.1%
Questions
What was Bunge Global SA's revenue in Q3 FY2021?
Bunge Global SA (BG) reported revenue of $14.1 billion for Q3 FY2021, the quarter ended 30 September 2021, up 39.0% on the same quarter a year earlier.
How much did Bunge Global SA earn in Q3 FY2021?
Net income for Q3 FY2021 was $653 million, up 149.2% on the year, and diluted earnings per share $4.28.
When did Bunge Global SA report Q3 FY2021 results?
Bunge Global SA filed its 10-Q for the quarter ended 30 September 2021 with the SEC on 27 October 2021.
Each quarter as filed, linked to its filing. Read moreMoney is in $ million as the company files it, or in $ billion by the switch above the tables; per share figures and the share count are as they are. Free 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. Cash flow lines filed year to date are the difference between two filings. Shares outstanding are at the period end where the balance sheet tags them, otherwise the count on the filing's cover page. A derived fourth-quarter EPS is left blank when a split in the year makes the arithmetic meaningless.
10-Q for the period ended 30 September 2021, filed 27 October 2021: the filing.