Bunge Global SA (BG) FY2023 results: revenue $59.5 billion, down 11.4% on the year
Bunge Global SA (BG) reported revenue of $59.5 billion for fiscal 2023, the year ended 31 December 2023, down 11.4% on the year before. Net income was $2.2 billion, up 39.3%, and diluted earnings per share $14.87. The figures are the company's own, from the 10-K it filed with the SEC on 22 February 2024.
Revenue
$59.5 billion
-11.4% on the year
FY2016FY2023
Operating margin
n/a
FY2016FY2023
Net income
$2.2 billion
+39.3% on the year
FY2016FY2023
Diluted EPS
$14.87
+41.5% on the year
FY2016FY2023
this yearthe year beforeHover a bar for its figure.
$ 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
FY2023
FY2022
FY2021
On the year
Last 8 years
Operating cash flow
3,308
-5,549
-2,894
Capital expenditure
1,122
555
399
+102.2%
Free cash flow
2,186
-6,104
-3,293
Free cash flow margin
3.7%
-9.1%
-5.6%
Cash from investing
-1,009
6,499
5,113
Cash from financing
-856
-769
-1,632
Depreciation and amortisation
451
408
424
+10.5%
Share-based compensation
69.0
65.0
61.0
+6.2%
Buybacks
600
200
100
+200.0%
Dividends paid
383
349
289
+9.7%
Dividend per share
$2.61
$2.40
$2.08
+8.9%
Diluted shares, weighted
151m
153m
152m
-1.5%
Shares outstanding at period end
n/a
150m
141m
Balance sheet
$ million
FY2023
FY2022
FY2021
On the year
Last 8 years
Shareholders' equity
10,851
9,224
7,669
+17.6%
Non-controlling interest
963
732
156
+31.6%
Redeemable equity
1.0
4.0
381
-75.0%
Debt
4,882
4,651
5,964
+5.0%
Operating lease liabilities
566
547
506
+3.5%
Finance lease liabilities
57.0
16.0
n/a
+256.2%
Other liabilities
8,052
9,406
9,143
-14.4%
Total liabilities and equity
25,372
24,580
23,819
+3.2%
Fixed assets
4,541
3,617
3,499
+25.5%
Goodwill
489
470
484
+4.0%
Intangible assets
398
360
431
+10.6%
Investments
247
282
716
-12.4%
Cash and equivalents
2,602
1,104
902
+135.7%
Receivables
2,592
2,829
2,112
-8.4%
Inventory
7,105
8,408
8,431
-15.5%
Other assets
7,398
7,510
7,244
-1.5%
Total assets
25,372
24,580
23,819
+3.2%
10-K for the year ended 31 December 2023, filed 22 February 2024: the filing.