Ten-Year Summary

Million €

 

2010

2011

2012a

2013b

2014

2015

2016

2017c

2018

2019

a

We have applied International Reporting Standards IFRS 10 and 11 as well as International Accounting Standard 19 (revised) since January 1, 2013. Figures for 2012 have been restated; no restatement was made for 2011 and earlier.

b

Figures for 2013 have been adjusted to reflect the dissolution of the natural gas trading business disposal group.

c

Figures for 2017 were restated with the presentation of the oil and gas activities as discontinued operations. For more information, see the Notes to the Consolidated Financial Statements.

d

Figures for 2018 were restated with the presentation of the construction chemicals activities as discontinued operations. For more information, see the Notes to the Consolidated Financial Statements.

e

Calculated in accordance with German GAAP

Statement of income

 

 

 

 

 

 

 

 

 

 

 

Sales

 

63,873

73,497

72,129

73,973

74,326

70,449

57,550

61,223

60,220d

59,316

Income from operations (EBIT)

 

7,761

8,586

6,742

7,160

7,626

6,248

6,275

7,587

5,974d

4,052

Income before income taxes

 

7,373

8,970

5,977

6,600

7,203

5,548

5,395

6,882

5,233d

3,302

Income after taxes from continuing operations

 

5,592

4,116d

2,546

Income after taxes from discontinued operations

 

760

863 d

5,945

Income after taxes

 

5,074

6,603

5,067

5,113

5,492

4,301

4,255

6,352

4,979

8,491

Net income

 

4,557

6,188

4,819

4,792

5,155

3,987

4,056

6,078

4,707

8,421

Income from operations before depreciation and amortization (EBITDA)

 

11,131

11,993

10,009

10,432

11,043

10,649

10,526

10,765

8,970d

8,036

EBIT before special items

 

8,138

8,447

6,647

7,077

7,357

6,739

6,309

7,645

6,281d

4,536

 

 

 

 

 

 

 

 

 

 

 

 

Capital expenditures, depreciation and amortization

 

 

 

 

 

 

 

 

 

 

 

Additions to property, plant and equipment and intangible assets

 

5,304

3,646

5,263

7,726

7,285

6,013

7,258

4,364

10,735

4,097

of which property, plant and equipment

 

3,294

3,199

4,084

6,428

6,369

5,742

4,377

4,028

5,040

3,842

Depreciation and amortization of property, plant and equipment and intangible assets

 

3,370

3,407

3,267

3,272

3,417

4,401

4,251

4,202

3,750d

4,146

of which property, plant and equipment

 

2,667

2,618

2,594

2,631

2,770

3,600

3,691

3,586

3,155d

3,408

 

 

 

 

 

 

 

 

 

 

 

 

Number of employees

 

 

 

 

 

 

 

 

 

 

 

At year-end

 

109,140

111,141

110,782

112,206

113,292

112,435

113,830

115,490

122,404

117,628

Annual average

 

104,043

110,403

109,969

111,844

112,644

113,249

111,975

114,333

118,371

119,200

 

 

 

 

 

 

 

 

 

 

 

 

Personnel expenses

 

8,228

8,576

8,963

9,285

9,224

9,982

10,165

10,610

10,659

10,924

 

 

 

 

 

 

 

 

 

 

 

 

Research and development expenses

 

1,492

1,605

1,732

1,849

1,884

1,953

1,863

1,843

1,994d

2,158

 

 

 

 

 

 

 

 

 

 

 

 

Key data

 

 

 

 

 

 

 

 

 

 

 

Earnings per share

4.96

6.74

5.25

5.22

5.61

4.34

4.42

6.62

5.12

9.17

Adjusted earnings per share

5.73

6.26

5.64

5.31

5.44

5.00

4.83

6.44

5.87

4.00

Cash flows from operating activities

 

6,460

7,105

6,602

8,100

6,958

9,446

7,717

8,785

7,939

7,474

EBITDA margin

%

17.4

16.3

13.9

14.1

14.9

15.1

18.3

17.6

14.9d

13.5

Return on assets

%

14.7

16.1

11.0

11.5

11.7

8.7

8.2

9.5

7.1

4.5

Return on equity after tax

%

24.6

27.5

19.9

19.2

19.7

14.4

13.3

18.9

14.1

21.6

Return on capital employed (ROCE)

%

15.4

12.0d

7.7

 

 

 

 

 

 

 

 

 

 

 

 

Appropriation of profits

 

 

 

 

 

 

 

 

 

 

 

Net income of BASF SEe

 

3,737

3,506

2,880

2,826

5,853

2,158

2,808

3,130

2,982

3,899

Dividend

 

2,021

2,296

2,388

2,480

2,572

2,664

2,755

2,847

2,939

3,030

Dividend per share

2.20

2.50

2.60

2.70

2.80

2.90

3.00

3.10

3.20

3.30

 

 

 

 

 

 

 

 

 

 

 

 

Number of shares as of December 31

million

918.5

918.5

918.5

918.5

918.5

918.5

918.5

918.5

918.5

918.5

Balance sheet (IFRS)

Million €

2010

2011

2012a

2013b

2014

2015

2016

2017c

2018

2019

a

We have applied International Reporting Standards IFRS 10 and 11 as well as International Accounting Standard 19 (revised) since January 1, 2013. Figures for 2012 have been restated; no restatement was made for 2011 and earlier.

b

Figures for 2013 have been adjusted to reflect the dissolution of the natural gas trading business disposal group.

c

As of January 1, 2019, tax provisions are no longer reported under other provisions, but under tax provisions and deferred tax liabilities. Figures for 2018 have been restated; no restatement was made for 2017 and earlier.

Intangible assets

12,245

11,919

12,193

12,324

12,967

12,537

15,162

13,594

16,554

14,525

Property, plant and equipment

17,241

17,966

16,610

19,229

23,496

25,260

26,413

25,258

20,780

21,792

Investments accounted for using the equity method

1,328

1,852

3,459

4,174

3,245

4,436

4,647

4,715

2,203

15,008

Other financial assets

1,953

848

613

643

540

526

605

606

570

636

Deferred taxes

1,112

941

1,473

1,006

2,193

1,791

2,513

2,118

2,342

2,887

Other receivables and miscellaneous assets

653

561

911

877

1,498

1,720

1,210

1,332

886

1,112

Noncurrent assets

34,532

34,087

35,259

38,253

43,939

46,270

50,550

47,623

43,335

55,960

 

 

 

 

 

 

 

 

 

 

 

Inventories

8,688

10,059

9,581

10,160

11,266

9,693

10,005

10,303

12,166

11,223

Accounts receivable, trade

10,167

10,886

9,506

10,233

10,385

9,516

10,952

10,801

10,665

9,093

Other receivables and miscellaneous assets

3,883

3,781

3,455

3,714

4,032

3,095

3,078

3,494

3,139

3,790

Marketable securities

16

19

14

17

19

21

536

52

344

444

Cash and cash equivalents

1,493

2,048

1,647

1,827

1,718

2,241

1,375

6,495

2,300

2,427

Assets of disposal groups

614

295

3,264

14,607

4,013

Current assets

24,861

27,088

27,467

25,951

27,420

24,566

25,946

31,145

43,221

30,990

 

 

 

 

 

 

 

 

 

 

 

Assets

59,393

61,175

62,726

64,204

71,359

70,836

76,496

78,768

86,556

86,950

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

Subscribed capital

1,176

1,176

1,176

1,176

1,176

1,176

1,176

1,176

1,176

1,176

Capital reserves

3,216

3,203

3,188

3,165

3,143

3,141

3,130

3,117

3,118

3,115

Retained earnings

15,817

19,446

23,708

26,102

28,777

30,120

31,515

34,826

36,699

42,056

Other comprehensive income

1,195

314

(3,461)

(3,400)

(5,482)

(3,521)

(4,014)

(5,282)

(5,939)

(4,850)

Noncontrolling interests

1,253

1,246

1,010

630

581

629

761

919

1,055

853

Equity

22,657

25,385

25,621

27,673

28,195

31,545

32,568

34,756

36,109

42,350

 

 

 

 

 

 

 

 

 

 

 

Provisions for pensions and similar obligations

2,778

3,189

5,421

3,727

7,313

6,313

8,209

6,293

7,434

7,683

Tax provisions and deferred tax liabilitiesc

2,467

2,628

2,234

2,894

3,420

3,381

3,317

2,731

2,346

2,280

Other provisionsc

3,352

3,335

2,925

3,226

3,502

3,369

3,667

3,478

1,301

1,340

Financial indebtedness

11,670

9,019

8,704

11,151

11,839

11,123

12,545

15,535

15,332

15,015

Other liabilities

901

1,142

1,111

1,194

1,197

869

873

1,095

705

1,678

Noncurrent liabilities

21,168

19,313

20,395

22,192

27,271

25,055

28,611

29,132

27,118

27,996

 

 

 

 

 

 

 

 

 

 

 

Accounts payable, trade

4,738

5,121

4,502

5,153

4,861

4,020

4,610

4,971

5,122

5,087

Provisions

3,324

3,210

2,628

2,670

2,844

2,540

2,802

3,229

3,252

2,938

Tax liabilities

1,140

1,038

870

968

1,079

1,082

1,288

1,119

695

756

Financial indebtedness

3,369

3,985

4,094

3,256

3,545

4,074

3,767

2,497

5,509

3,362

Other liabilities

2,802

3,036

2,623

2,292

3,564

2,520

2,850

3,064

2,998

3,427

Liabilities of disposal groups

195

87

1,993

5,753

1,034

Current liabilities

15,568

16,477

16,710

14,339

15,893

14,236

15,317

14,880

23,329

16,604

 

 

 

 

 

 

 

 

 

 

 

Equity and liabilities

59,393

61,175

62,726

64,204

71,359

70,836

76,496

78,768

86,556

86,950