Ten-Year Summary (XLSX:) XLS 2011 2012a 2013b 2014 2015 2016 2017 2018 2019 2020 Statement of income Sales 73,497 72,129 73,973 74,326 70,449 57,550 61,223c 60,220d 59,316 59,149 Income from operations (EBIT) 8,586 6,742 7,160 7,626 6,248 6,275 7,587c 5,974d 4,201 –191 Income before income taxes 8,970 5,977 6,600 7,203 5,548 5,395 6,882c 5,233d 3,302 –1,562 Income after taxes from continuing operations – – – – – – 5,592 4,116d 2,546 –1,471 Income after taxes from discontinued operations – – – – – – 760 863d 5,945 396 Income after taxes 6,603 5,067 5,113 5,492 4,301 4,255 6,352 4,979 8,491 –1,075 Net income 6,188 4,819 4,792 5,155 3,987 4,056 6,078 4,707 8,421 –1,060 Income from operations before depreciation and amortization (EBITDA) 11,993 10,009 10,432 11,043 10,649 10,526 10,765c 8,970d 8,185 6,494 EBIT before special items 8,447 6,647 7,077 7,357 6,739 6,309 7,645c 6,281d 4,643 3,560 Capital expenditures, depreciation and amortization Additions to property, plant and equipment and intangible assets 3,646 5,263 7,726 7,285 6,013 7,258 4,364 10,735 4,097 4,869 of which property, plant and equipment 3,199 4,084 6,428 6,369 5,742 4,377 4,028 5,040 3,842 4,075 Depreciation and amortization of property, plant and equipment and intangible assets 3,407 3,267 3,272 3,417 4,401 4,251 4,202 3,750d 4,146 6,685 of which property, plant and equipment 2,618 2,594 2,631 2,770 3,600 3,691 3,586 3,155d 3,408 5,189 Number of employees At year-end 111,141 110,782 112,206 113,292 112,435 113,830 115,490 122,404 117,628 110,302 Annual average 110,403 109,969 111,844 112,644 113,249 111,975 114,333 118,371 119,200 115,973 Personnel expenses 8,576 8,963 9,285 9,224 9,982 10,165 10,610 10,659 10,924 10,576 Research and development expenses 1,605 1,732 1,849 1,884 1,953 1,863 1,843c 1,994d 2,158 2,086 Key data Earnings per share € 6.74 5.25 5.22 5.61 4.34 4.42 6.62c 5.12 9.17 –1.15 Adjusted earnings per share € 6.26 5.64 5.31 5.44 5.00 4.83 6.44c 5.87 4.00 3.21 Cash flows from operating activities 7,105 6,602 8,100 6,958 9,446 7,717 8,785 7,939 7,474 5,413 EBITDA margin % 16.3 13.9 14.1 14.9 15.1 18.3 17.6c 14.9d 13.8 11.0 Return on assets % 16.1 11.0 11.5 11.7 8.7 8.2 9.5c 7.1 4.5 –1.2 Return on equity after tax % 27.5 19.9 19.2 19.7 14.4 13.3 18.9 14.1 21.6 –2.8 Return on capital employed (ROCE) % – – – – – – 15.4 12.0d 7.7 1.7 Appropriation of profits Net income of BASF SEe 3,506 2,880 2,826 5,853 2,158 2,808 3,130 2,982 3,899 3,946 Dividend 2,296 2,388 2,480 2,572 2,664 2,755 2,847 2,939 3,031 3,031 Dividend per share € 2.50 2.60 2.70 2.80 2.90 3.00 3.10 3.20 3.30 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 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. d Figures for 2018 were restated with the presentation of the construction chemicals activities as discontinued operations. e Calculated in accordance with German GAAP (XLSX:) XLS Balance sheet (IFRS) (Million €) 2011 2012a 2013b 2014 2015 2016 2017c 2018 2019 2020 Intangible assets 11,919 12,193 12,324 12,967 12,537 15,162 13,594 16,554 14,525 13,145 Property, plant and equipment 17,966 16,610 19,229 23,496 25,260 26,413 25,258 20,780 21,792 19,647 Integral investments accounted for using the equity method 1,852 3,459 4,174 3,245 4,436 4,647 4,715 2,203 1,885 1,878 Non-integral investments accounted for using the equity method – – – – – – – – 13,123 10,874 Other financial assets 848 613 643 540 526 605 606 570 636 582 Deferred tax assets 941 1,473 1,006 2,193 1,791 2,513 2,118 2,342 2,887 3,386 Other receivables and miscellaneous assets 561 911 877 1,498 1,720 1,210 1,332 886 1,112 912 Noncurrent assets 34,087 35,259 38,253 43,939 46,270 50,550 47,623 43,335 55,960 50,424 Inventories 10,059 9,581 10,160 11,266 9,693 10,005 10,303 12,166 11,223 10,010 Accounts receivable, trade 10,886 9,506 10,233 10,385 9,516 10,952 10,801 10,665 9,093 9,466 Other receivables and miscellaneous assets 3,781 3,455 3,714 4,032 3,095 3,078 3,494 3,139 3,790 4,673 Marketable securities 19 14 17 19 21 536 52 344 444 207 Cash and cash equivalents 2,048 1,647 1,827 1,718 2,241 1,375 6,495 2,300 2,427 4,330 Assets of disposal groups 295 3,264 – − − − − 14,607 4,013 1,182 Current assets 27,088 27,467 25,951 27,420 24,566 25,946 31,145 43,221 30,990 29,868 Assets 61,175 62,726 64,204 71,359 70,836 76,496 78,768 86,556 86,950 80,292 Subscribed capital 1,176 1,176 1,176 1,176 1,176 1,176 1,176 1,176 1,176 1,176 Capital reserves 3,203 3,188 3,165 3,143 3,141 3,130 3,117 3,118 3,115 3,115 Retained earnings 19,446 23,708 26,102 28,777 30,120 31,515 34,826 36,699 42,056 37,911 Other comprehensive income 314 –3,461 –3,400 –5,482 –3,521 –4,014 –5,282 –5,939 –4,850 –8,474 Noncontrolling interests 1,246 1,010 630 581 629 761 919 1,055 853 670 Equity 25,385 25,621 27,673 28,195 31,545 32,568 34,756 36,109 42,350 34,398 Provisions for pensions and similar obligations 3,189 5,421 3,727 7,313 6,313 8,209 6,293 7,434 7,683 8,566 Deferred tax liabilitiesc 2,628 2,234 2,894 3,420 3,381 3,317 2,731 1,787 1,764 1,447 Tax provisionsc – – – – – – – 559 516 587 Other provisionsc 3,335 2,925 3,226 3,502 3,369 3,667 3,478 1,301 1,340 1,484 Financial indebtedness 9,019 8,704 11,151 11,839 11,123 12,545 15,535 15,332 15,015 15,819 Other liabilities 1,142 1,111 1,194 1,197 869 873 1,095 705 1,678 1,711 Noncurrent liabilities 19,313 20,395 22,192 27,271 25,055 28,611 29,132 27,118 27,996 29,614 Accounts payable, trade 5,121 4,502 5,153 4,861 4,020 4,610 4,971 5,122 5,087 5,291 Provisions 3,210 2,628 2,670 2,844 2,540 2,802 3,229 3,252 2,938 2,825 Tax liabilities 1,038 870 968 1,079 1,082 1,288 1,119 695 756 988 Financial indebtedness 3,985 4,094 3,256 3,545 4,074 3,767 2,497 5,509 3,362 3,395 Other liabilities 3,036 2,623 2,292 3,564 2,520 2,850 3,064 2,998 3,427 3,440 Liabilities of disposal groups 87 1,993 – − − − − 5,753 1,034 341 Current liabilities 16,477 16,710 14,339 15,893 14,236 15,317 14,880 23,329 16,604 16,280 Equity and liabilities 61,175 62,726 64,204 71,359 70,836 76,496 78,768 86,556 86,950 80,292 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 Tax provisions are reported separately as of January 1, 2020. Figures for the years 2018 and 2019 have been restated. In 2017 and earlier, tax provisions are included in other provisions. back next