BUNGE LIMITED BG Income Statement

Bunge limited (BG)

Income statement / Quarterly

Mar'20	Dec'19	Sep'19	Jun'19	Mar'19	Dec'18	Sep'18	Jun'18	Mar'18	Dec'17	Sep'17	Jun'17	Mar'17	Dec'16	Sep'16	Jun'16	Mar'16	Dec'15	Sep'15	Jun'15	Mar'15	Dec'14	Sep'14	Jun'14	Mar'14	Dec'13	Sep'13	Jun'13	Mar'13	Dec'12	Sep'12	Jun'12	Mar'12	Dec'11	Sep'11	Jun'11	Mar'11	Dec'10	Sep'10	Jun'10	Mar'10	Dec'09	Sep'09	Jun'09	Mar'09	Sep'08	Jun'08
Net sales
9,173	10,783	10,323	10,096	9,938	11,543	11,412	12,147	10,641	11,605	11,423	11,645	11,121	11,799	11,423	10,541	8,916	11,105	10,762	10,782	10,806	13,231	13,676	16,793	13,461	16,370	14,701	15,491	14,785	17,040	16,543	14,499	12,909	13,799	15,616	14,488	12,194	10,972	11,662	10,974	10,345	10,436	11,298	10,994	9,198	14,797	14,365
Cost of goods sold
8,999	10,212	11,301	9,584	9,501	11,121	10,494	11,605	10,257	11,144	10,934	11,290	10,661	11,095	10,867	10,011	8,296	10,402	10,017	10,247	10,096	12,536	12,957	16,000	13,047	15,561	14,013	14,875	14,138	16,490	15,700	13,856	12,372	13,164	14,910	13,841	11,555	10,341	10,950	10,549	9,800	10,122	10,955	10,582	9,063	13,588	12,914
Gross profit
174	571	-978	512	437	422	918	542	384	461	489	355	460	704	556	530	620	703	745	535	710	695	719	793	414	809	688	616	647	550	843	643	537	635	706	647	639	631	712	425	545	314	343	412	135	1,209	1,451
Selling, general and administrative expenses
295	382	329	335	305	369	333	377	344	394	339	326	378	343	324	303	314	385	358	361	331	530	403	392	366	449	382	379	349	400	396	374	393	315	394	383	344	336	357	415	347	390	349	309	294	382	460
Interest income
7	9	8	7	7	10	7	6	8	9	9	8	12	14	13	14	10	1	18	13	11	16	19	33	19	28	27	12	9	7	5	16	25	24	28	23	21	5	20	23	19	26	20	40	36	57	54
Gain on sale of fertilizer nutrients assets (Note 3)
-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	2,440	-	-	-	-	-	-	-
Interest expense
77	90	86	88	75	74	101	94	70	72	64	62	65	45	73	59	57	71	77	57	53	122	70	76	79	98	103	86	76	77	77	78	62	73	80	70	72	53	62	101	78	71	79	66	67	97	90
Loss on extinguishment of debt (Note 17)
-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-90	-	-	-	-	-	-	-	-
Foreign exchange gains (losses)
-6	30	-129	-11	-7	15	-20	-96	0	-13	1	51	56	-17	-6	-6	21	7	-24	16	-7	-12	23	14	22	47	49	-3	-40	2	15	13	58	-8	-127	77	42	66	77	-49	-50	-1	169	320	-19	-471	258
Other income (expense) – net
-51	-49	4	187	31	39	-19	4	24	18	25	0	-3	24	4	-13	-5	-12	2	-9	1	12	-2	1	6	-10	16	-1	39	-75	-9	-7	-1	15	-1	1	-8	-	-5	-3	-	-13	-4	-1	-7	-1	-9
Gain (loss), net on disposal of affiliate investments, subsidiaries and assets
-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	85	-	-	-	37	-	-	-	-	-	-	-	-	-	-	-
Gain on sale of Canadian grain assets
-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	47	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-
Gain on acquisition of controlling interests
-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	36	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-
Income (loss) before income tax
-248	-55	-1,510	272	88	17	452	-15	2	1	121	26	82	388	170	163	275	230	353	137	331	59	286	373	16	330	295	159	230	-507	381	334	164	278	132	332	278	345	295	2,320	89	-135	100	396	-216	315	1,204
Income Tax Expense (Benefit)
-55	16	-28	60	38	73	85	2	19	54	29	-55	28	102	45	39	34	26	140	45	85	99	9	111	30	202	591	38	73	-203	82	75	40	-7	-1	20	43	51	97	542	9	-58	-97	79	-34	5	337
Income (Loss) from Continuing Operations, Net of Tax, Including Portion Attributable to Noncontrolling Interest
-	-	-1,482	212	-	-56	367	-17	-17	-53	92	81	54	286	125	124	241	204	213	92	246	-40	277	262	-14	128	-296	121	157	-304	299	259	124	-	-	-	-	-	-	-	-	-	-	-	-	-	-
Income (Loss) from Discontinued Operations, Net of Tax, Including Portion Attributable to Noncontrolling Interest
-	-	0	0	-	-2	7	7	-2	0	0	6	-6	-1	5	-4	-9	-1	21	1	14	-5	27	15	-5	2	103	1	-9	-316	2	7	-35	-	-	-	-	-	-	-	-	-	-	-	-	-	-
Income from operations after income tax
-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	317	-182	310	867
Equity in earnings of affiliates
-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	8	9	-	69	0	5	6	14	-7
Net Income (Loss), Including Portion Attributable to Noncontrolling Interest
-193	-71	-1,482	212	50	-58	374	-10	-19	-53	92	87	48	285	130	120	232	203	234	93	260	-45	304	277	-19	130	-193	122	148	-620	301	266	89	260	133	312	235	315	206	1,787	80	-8	197	322	-176	324	860
Net (income) loss attributable to noncontrolling interests and redeemable noncontrolling interests
-9	-20	6	-2	5	7	9	2	2	7	0	6	1	14	12	-1	-3	0	-5	7	-3	9	10	-11	-6	-8	-45	-14	-32	-21	4	-8	-3	6	-7	-4	3	14	-6	9	17	-19	-35	9	19	90	109
Net income (loss) attributable to Bunge
-184	-51	-1,488	214	45	-65	365	-12	-21	-60	92	81	47	271	118	121	235	203	239	86	263	-54	294	288	-13	138	-148	136	180	-599	297	274	92	254	140	316	232	301	212	1,778	63	11	232	313	-195	234	751
Convertible preference share dividends
8	-	-	-	8	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-
Adjustment of redeemable noncontrolling interest
15	-	-	-	0	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-
Convertible preference share dividends
-	-	8	9	-	-	8	9	8	-	8	9	8	9	2	12	13	15	10	14	14	8	10	16	14	23	17	26	10	11	8	9	8	9	8	9	8	9	19	20	19	39	0	20	19	19	20
Net income (loss) available to Bunge common shareholders
-207	-68	-1,496	205	37	-74	357	-21	-29	-69	84	72	39	262	116	109	222	188	229	72	249	-62	284	272	-27	115	-165	110	170	-610	289	265	84	245	132	307	224	292	193	1,758	44	-28	232	293	-214	215	731
Earnings per common share
Net income (loss) from continuing operations (in dollars per share)
-	-	-10.57	1.46	-	-0.50	2.48	-0.20	-0.20	-0.48	0.59	0.48	0.31	1.88	0.80	0.81	1.64	1.34	1.45	0.50	1.61	-0.39	1.77	1.75	-0.15	0.77	-1.82	0.74	1.22	-2.01	1.96	1.77	0.81	-	-	-	-	-	-	-	-	-	-	-	-	-	-
Net income (loss) from discontinued operations (in dollars per share)
-	-	0.00	0.00	-	-0.02	0.05	0.05	-0.01	0.00	0.00	0.04	-0.04	0.01	0.03	-0.03	-0.07	-0.01	0.14	0.01	0.10	-0.04	0.19	0.10	-0.03	0.01	0.69	0.02	-0.06	-2.16	0.01	0.05	-0.24	-	-	-	-	-	-	-	-	-	-	-	-	-	-
Net income (loss) attributable to Bunge common shareholders—basic (in dollars per share)
-1.46	-0.49	-10.57	1.46	0.26	-0.52	2.53	-0.15	-0.21	-0.48	0.59	0.52	0.27	1.89	0.83	0.78	1.57	1.33	1.59	0.51	1.71	-0.43	1.96	1.85	-0.18	0.78	-1.13	0.76	1.16	-4.17	1.97	1.82	0.57	1.69	0.90	2.08	1.53	2.30	1.38	12.21	0.31	-0.22	1.82	2.40	-1.76	1.77	6.01
Earnings (loss) per common share-diluted
Net income (loss) from continuing operations (in dollars per share)
-	-	-10.57	1.43	-	-0.42	2.39	-0.20	-0.20	-0.49	0.59	0.48	0.31	1.87	0.79	0.81	1.60	1.34	1.42	0.50	1.58	-0.33	1.73	1.71	-0.15	0.77	-1.82	0.74	1.21	-1.94	1.91	1.73	0.81	-	-	-	-	-	-	-	-	-	-	-	-	-	-
Net income (loss) from discontinued operations (in dollars per share)
-	-	0.00	0.00	-	-0.02	0.05	0.05	-0.01	0.01	0.00	0.03	-0.04	-0.01	0.04	-0.03	-0.06	-0.01	0.14	0.01	0.09	-0.03	0.17	0.10	-0.03	0.01	0.69	0.01	-0.06	-2.14	0.01	0.05	-0.24	-	-	-	-	-	-	-	-	-	-	-	-	-	-
Net income (loss) attributable to Bunge common shareholders—diluted (in dollars per share)
-1.46	-0.46	-10.57	1.43	0.26	-0.44	2.44	-0.15	-0.21	-0.48	0.59	0.51	0.27	1.86	0.83	0.78	1.54	1.34	1.56	0.50	1.67	-0.36	1.90	1.81	-0.18	0.78	-1.13	0.75	1.15	-4.08	1.92	1.78	0.57	1.67	0.89	2.02	1.49	2.24	1.36	11.15	0.31	0.08	1.62	2.28	-1.76	1.70	5.45
Dividends declared per common share (in dollars per share)
-	-	-	-	-	-	-	-	-	-	0.46	0.46	0.42	-	0.42	0.42	0.38	-	0.38	0.38	0.34	-	0.34	0.34	0.30	-	0.30	0.30	0.27	-	0.27	0.27	0.25	-	0.25	0.25	0.23	-	0.23	0.23	0.21	-	0.00	0.21	0.19	0.19	0.19