Ten-Year Summary

 

 

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

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.