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QUARTERLY FINANCIAL INFORMATION (UNAUDITED)
12 Months Ended
Dec. 31, 2016
QUARTERLY FINANCIAL INFORMATION (UNAUDITED)  
QUARTERLY FINANCIAL INFORMATION (UNAUDITED)

27. QUARTERLY FINANCIAL INFORMATION (UNAUDITED)

                                                                                                                                                                                    

 

 

Quarter

 

 

 

(US$ in millions, except per share data)

 

First

 

Second

 

Third

 

Fourth

 

Year End

 

2016

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

Net sales

 

$

8,916

 

$

10,541

 

$

11,423

 

$

11,799

 

$

42,679

 

Gross profit

 

 

620

 

 

530

 

 

556

 

 

704

 

 

2,410

 

Income (loss) from discontinued operations, net of tax

 

 

(9

)

 

(4

)

 

5

 

 

(1

)

 

(9

)

Net income (loss)

 

 

232

 

 

120

 

 

130

 

 

285

 

 

767

 

Net income (loss) attributable to Bunge

 

 

235

 

 

121

 

 

118

 

 

271

 

 

745

 

Earnings per common share—basic(1)

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

Net income (loss)

 

$

1.64

 

$

0.86

 

$

0.93

 

$

2.04

 

$

5.48

 

​  

​  

​  

​  

​  

​  

​  

​  

​  

​  

​  

​  

​  

​  

​  

​  

​  

​  

​  

​  

Net income (loss) from continuing operations

 

$

1.64

 

$

0.81

 

$

0.80

 

$

1.89

 

$

5.13

 

Net income (loss) from discontinued operations

 

 

(0.07

)

 

(0.03

)

 

0.03

 

 

(0.01

)

 

(0.06

)

​  

​  

​  

​  

​  

​  

​  

​  

​  

​  

Net income (loss) to Bunge common shareholders

 

$

1.57

 

$

0.78

 

$

0.83

 

$

1.88

 

$

5.07

 

​  

​  

​  

​  

​  

​  

​  

​  

​  

​  

​  

​  

​  

​  

​  

​  

​  

​  

​  

​  

Earnings per common share—diluted(1)

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

Net income (loss)

 

$

$
1.55

 

$

0.86

 

$

0.93

 

$

1.92

 

$

5.17

 

​  

​  

​  

​  

​  

​  

​  

​  

​  

​  

​  

​  

​  

​  

​  

​  

​  

​  

​  

​  

Net income (loss) from continuing operations

 

$

1.60

 

$

0.81

 

$

0.79

 

$

1.83

 

$

5.07

 

Net income (loss) from discontinued operations

 

 

(0.06

)

 

(0.03

)

 

0.04

 

 

(0.01

)

 

(0.06

)

​  

​  

​  

​  

​  

​  

​  

​  

​  

​  

Net income (loss) to Bunge common shareholders

 

$

1.54

 

$

0.78

 

$

0.83

 

$

1.82

 

$

5.01

 

​  

​  

​  

​  

​  

​  

​  

​  

​  

​  

​  

​  

​  

​  

​  

​  

​  

​  

​  

​  

Weighted-average number of shares:

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

Weighted-average number of shares

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

outstanding—basic

 

 

141,062,415

 

 

139,406,634

 

 

139,444,320

 

 

139,475,593

 

 

139,845,124

 

Weighted-average number of shares

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

outstanding—diluted

 

 

149,213,091

 

 

139,764,877

 

 

139,927,845

 

 

148,078,492

 

 

148,226,475

 

Market price:

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

High

 

$

66.82

 

$

67.77

 

$

66.21

 

$

73.61

 

 

 

 

Low

 

$

47.79

 

$

55.62

 

$

57.76

 

$

58.64

 

 

 

 

2015

 

 


 

 

 


 

 

 


 

 

 


 

 

 


 

 

Net sales

 

$

10,806

 

$

10,782

 

$

10,762

 

$

11,105

 

$

43,455

 

Gross profit

 

 

710

 

 

535

 

 

745

 

 

703

 

 

2,693

 

Income (loss) from discontinued operations, net of tax

 

 

14

 

 

1

 

 

21

 

 

(1

)

 

35

 

Net income (loss)

 

 

260

 

 

93

 

 

234

 

 

203

 

 

790

 

Net income (loss) attributable to Bunge

 

 

263

 

 

86

 

 

239

 

 

203

 

 

791

 

Earnings per common share—basic(1)

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

Net income (loss)

 

$

1.79

 

$

0.65

 

$

1.63

 

$

1.42

 

$

5.50

 

​  

​  

​  

​  

​  

​  

​  

​  

​  

​  

​  

​  

​  

​  

​  

​  

​  

​  

​  

​  

Net income (loss) from continuing operations

 

$

1.61

 

$

0.50

 

$

1.45

 

$

1.33

 

$

4.90

 

Net income (loss) from discontinued operations

 

 

0.10

 

 

0.01

 

 

0.14

 

 

(0.01

)

 

0.24

 

​  

​  

​  

​  

​  

​  

​  

​  

​  

​  

Net income (loss) to Bunge common shareholders

 

$

1.71

 

$

0.51

 

$

1.59

 

$

1.32

 

$

5.14

 

​  

​  

​  

​  

​  

​  

​  

​  

​  

​  

​  

​  

​  

​  

​  

​  

​  

​  

​  

​  

Earnings per common share—diluted(1)

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

Net income (loss)

 

$

1.69

 

$

0.64

 

$

1.54

 

$

1.35

 

$

5.19

 

​  

​  

​  

​  

​  

​  

​  

​  

​  

​  

​  

​  

​  

​  

​  

​  

​  

​  

​  

​  

Net income (loss) from continuing operations

 

$

1.58

 

$

0.50

 

$

1.42

 

$

1.31

 

$

4.84

 

Net income (loss) from discontinued operations

 

 

0.09

 

 

 

 

0.14

 

 

(0.01

)

 

0.23

 

​  

​  

​  

​  

​  

​  

​  

​  

​  

​  

Net income (loss) to Bunge common shareholders

 

$

1.67

 

$

0.50

 

$

1.56

 

$

1.30

 

$

5.07

 

​  

​  

​  

​  

​  

​  

​  

​  

​  

​  

​  

​  

​  

​  

​  

​  

​  

​  

​  

​  

Weighted-average number of shares:

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

Weighted-average number of shares

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

outstanding—basic

 

 

145,164,587

 

 

143,726,689

 

 

143,361,057

 

 

142,466,906

 

 

143,671,546

 

Weighted-average number of shares

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

outstanding—diluted

 

 

153,817,713

 

 

144,626,753

 

 

151,794,399

 

 

150,744,716

 

 

152,238,967

 

Market price:

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

High

 

$

92.31

 

$

92.85

 

$

89.86

 

$

79.41

 

 

 

 

Low

 

$

78.50

 

$

83.16

 

$

68.94

 

$

61.81

 

 

 

 


 

 

(1)          

Earnings per share to Bunge common shareholders for both basic and diluted is computed independently for each period presented. As a result, the sum of the quarterly earnings per share for the years ended December 31, 2016 and 2015 does not equal the total computed for the year.