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Bunge Ltd (BG) SEC Filing 10-K Annual report for the fiscal year ending Tuesday, December 31, 2013

Bunge Ltd

CIK: 1144519 Ticker: BG

Exhibit 99.1

 

GRAPHIC

 

 

 

Bunge Reports Fourth Quarter and Full Year 2013 Results

 

White Plains, NY – February 13, 2014 –

Bunge Limited (NYSE:BG)

 

 

 

·      Q4 adjusted total segment EBIT of $404 million, up $264 million from last year

 

·      Record combined full-year EBIT in agribusiness and food & ingredients

 

·      Expect momentum in agribusiness and food & ingredients to continue in 2014

 

·      EPS impacted by higher than expected tax rate

 

·    Annual operating cash flow of approximately $2.2 billion

 

·    Company to repurchase $200 million of shares under current authorization

 

 

     Financial Highlights

 

 

 

 

Quarter Ended

 

Year Ended

 

 

 

 

 

 

 

 

 

US$ in millions, except per share
data

 

12/31/13

 

12/31/12

 

12/31/13

 

12/31/12

 

 

 

 

 

 

 

 

 

Net sales

 

$16,375

 

$17,040

 

$61,347

 

$60,991

 

 

 

 

 

 

 

 

 

Total segment EBIT (a)

 

$396

 

$(423)

 

$1,329

 

$628

 

 

 

 

 

 

 

 

 

Certain gains & (charges) (b)

 

$(8)

 

$(563)

 

$38

 

$(481)

 

 

 

 

 

 

 

 

 

Total segment EBIT, adjusted (a)

 

$404

 

$140

 

$1,291

 

$1,109

 

 

 

 

 

 

 

 

 

Agribusiness

 

$346

 

$134

 

$1,008

 

$1,038

 

 

 

 

 

 

 

 

 

Sugar & Bioenergy

 

$(35)

 

$(49)

 

$(34)

 

$(118)

 

 

 

 

 

 

 

 

 

Food & Ingredients

 

$84

 

$49

 

$280

 

$166

 

 

 

 

 

 

 

 

 

Fertilizer

 

$9

 

$6

 

$37

 

$23

 

 

 

 

 

 

 

 

 

Net income (loss) per common share from continuing operations-diluted

 

$0.75

 

$(2.06)

 

$0.90

 

$2.51

 

 

 

 

 

 

 

 

 

Net income (loss) per common share from continuing operations-diluted, adjusted (a)

 

$1.35

 

$0.50

 

$4.78

 

$4.62

 

(a)    Total segment earnings before interest and tax (“EBIT”) and net income (loss) per common share from continuing operations-diluted (excluding certain gains and charges and discontinued operations) are non-GAAP financial measures. Reconciliations to the most directly comparable U.S. GAAP measures are included in the tables attached to this press release and the accompanying slide presentation posted on Bunge’s website, respectively.

 

(b)    Includes certain gains and charges included in segment EBIT for the quarter and year-end December 31, 2013 of $0 and $24 million for agribusiness, $(8) million and $(26) million for sugar & bioenergy, $0 and $8 million for food & ingredients and $0 and $32 million for fertilizer, respectively.  Includes certain gains and charges included in segment EBIT for the year ended December 31, 2012 of $(76) million and $9 million for agribusiness, $(480) million and $(519) million for sugar & bioenergy and $(7) million and $29 million for food & ingredients, respectively.

 


The following information was filed by Bunge Ltd (BG) on Thursday, February 13, 2014 as an 8K 2.02 statement, which is an earnings press release pertaining to results of operations and financial condition. It may be helpful to assess the quality of management by comparing the information in the press release to the information in the accompanying 10-K Annual Report statement of earnings and operation as management may choose to highlight particular information in the press release.

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Financial Statements, Disclosures and Schedules

Inside this 10-K Annual Report

Document And Entity Information
Consolidated Balance Sheets
Consolidated Balance Sheets (parenthetical)
Consolidated Statements Of Cash Flows
Consolidated Statements Of Changes In Equity And Redeemable Noncontrolling Interests
Consolidated Statements Of Comprehensive Income (loss)
Consolidated Statements Of Comprehensive Income (loss) (parenthetical)
Consolidated Statements Of Income
Consolidated Statements Of Income (parenthetical)
Business Acquisitions
Business Acquisitions (details)
Commitments And Contingencies
Commitments And Contingencies (details)
Commitments And Contingencies (tables)
Discontinued Operations And Business Divestitures
Discontinued Operations And Business Divestitures (details)
Discontinued Operations And Business Divestitures (tables)
Earnings Per Share
Earnings Per Share (details)
Earnings Per Share (tables)
Equity
Equity (details 2)
Equity (details)
Equity (tables)
Financial Instruments And Fair Value Measurements
Financial Instruments And Fair Value Measurements (details 2)
Financial Instruments And Fair Value Measurements (details 3)
Financial Instruments And Fair Value Measurements (details 4)
Financial Instruments And Fair Value Measurements (details)
Financial Instruments And Fair Value Measurements (tables)
Goodwill
Goodwill (details)
Goodwill (tables)
Impairments
Impairments (details 2)
Impairments (details)
Impairments (tables)
Income Taxes
Income Taxes (details 2)
Income Taxes (details 3)
Income Taxes (details)
Income Taxes (tables)
Inventories
Inventories (details)
Inventories (tables)
Investments In Affiliates
Investments In Affiliates (details)
Lease Commitments
Lease Commitments (details)
Lease Commitments (tables)
Long-term Debt
Long-term Debt (details 2)
Long-term Debt (details)
Long-term Debt (tables)
Nature Of Business, Basis Of Presentation, And Significant Accounting Policies
Nature Of Business, Basis Of Presentation, And Significant Accounting Policies (details 2)
Nature Of Business, Basis Of Presentation, And Significant Accounting Policies (details)
Nature Of Business, Basis Of Presentation, And Significant Accounting Policies (policies)
Nature Of Business, Basis Of Presentation, And Significant Accounting Policies (tables)
Operating Segments And Geographic Areas
Operating Segments And Geographic Areas (details 2)
Operating Segments And Geographic Areas (details 3)
Operating Segments And Geographic Areas (details)
Operating Segments And Geographic Areas (tables)
Other Current Assets
Other Current Assets (details)
Other Current Assets (tables)
Other Current Liabilities
Other Current Liabilities (details)
Other Current Liabilities (tables)
Other Intangible Assets
Other Intangible Assets (details)
Other Intangible Assets (tables)
Other Non-current Assets
Other Non-current Assets (details 2)
Other Non-current Assets (details)
Other Non-current Assets (tables)
Pension Plans
Pension Plans (details 2)
Pension Plans (details 3)
Pension Plans (details 4)
Pension Plans (details)
Pension Plans (tables)
Postretirement Healthcare Benefit Plans
Postretirement Healthcare Benefit Plans (details)
Postretirement Healthcare Benefit Plans (tables)
Property, Plant And Equipment
Property, Plant And Equipment (details)
Property, Plant And Equipment (tables)
Quarterly Financial Information (unaudited)
Quarterly Financial Information (unaudited) (details 2)
Quarterly Financial Information (unaudited) (details)
Quarterly Financial Information (unaudited) (tables)
Redeemable Noncontrolling Interests
Redeemable Noncontrolling Interests (details)
Related Party Transactions
Related Party Transactions (details)
Schedule Ii-valuation And Qualifying Accounts
Schedule Ii-valuation And Qualifying Accounts (details)
Share-based Compensation
Share-based Compensation (details)
Share-based Compensation (tables)
Short-term Debt And Credit Facilities
Short-term Debt And Credit Facilities (details)
Short-term Debt And Credit Facilities (tables)
Trade Receivables Securitization Program
Trade Receivables Securitization Program (details)
Trade Structured Finance Program
Trade Structured Finance Program (details)
Ticker: BG
CIK: 1144519
Form Type: 10-K Annual Report
Accession Number: 0001047469-14-001600
Submitted to the SEC: Fri Feb 28 2014 5:15:37 PM EST
Accepted by the SEC: Fri Feb 28 2014
Period: Tuesday, December 31, 2013
Industry: Fats And Oils

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