Statement of Income

(XLSX:) XLS

Statement of income (Million €)

 

 

Q3

January–September

 

 

­2020

2019

+/–

2020

2019

+/–

Sales revenuea

 

13,811

14,556

(5%)

43,244

44,630

(3%)

Cost of sales

 

(10,388)

(10,752)

3%

(32,163)

(32,217)

0%

Gross profit on salesa

 

3,423

3,804

(10%)

11,081

12,413

(11%)

 

 

 

 

 

 

 

 

Selling expenses

 

(1,832)

(1,937)

5%

(5,630)

(5,903)

5%

General administrative expenses

 

(304)

(302)

(1%)

(941)

(986)

5%

Research and development expenses

 

(518)

(532)

3%

(1,492)

(1,553)

4%

Other operating income

 

306

815

(62%)

910

1,522

(40%)

Other operating expenses

 

(3,769)

(585)

.

(5,141)

(2,077)

.

Income from integral companies accounted for using the equity method

 

56

73

(23%)

90

206

(56%)

Income from operations (EBIT)a, c

 

(2,638)

1,336

.

(1,123)

3,622

.

 

 

 

 

 

 

 

 

Income from non-integral companies accounted for using the equity method

 

(24)

10

.

(965)

(29)

.

Income from other shareholdings

 

54

11

391%

76

37

105%

Expenses from other shareholdings

 

(77)

(19)

.

(114)

(50)

.

Net income from shareholdingsa, c

 

(47)

2

.

(1,003)

(42)

.

 

 

 

 

 

 

 

 

Interest income

 

47

45

4%

130

136

(4%)

Interest expenses

 

(120)

(162)

26%

(413)

(494)

16%

Interest result

 

(73)

(117)

38%

(283)

(358)

21%

Other financial income

 

(2)

23

.

39

39

–

Other financial expenses

 

(26)

(67)

61%

(139)

(235)

41%

Other financial result

 

(28)

(44)

36%

(100)

(196)

49%

Financial resulta, c

 

(101)

(161)

37%

(383)

(554)

31%

 

 

 

 

 

 

 

 

Income before income taxesa

 

(2,786)

1,177

.

(2,509)

3,026

.

Income taxes

 

609

(260)

.

325

(703)

.

Income after taxes from continuing operations

 

(2,177)

917

.

(2,184)

2,323

.

Income after taxes from discontinued operationsb

 

13

18

(28%)

49

5,981

(99%)

Income after taxesb

 

(2,164)

935

.

(2,135)

8,304

.

 

 

 

 

 

 

 

 

Noncontrolling interests

 

42

(24)

.

20

(33)

.

Net incomeb

 

(2,122)

911

.

(2,115)

8,271

.

 

 

 

 

 

 

 

 

Earnings per share from continuing operations

€

(2.32)

0.98

.

(2.35)

2.52

.

Earnings per share from discontinued operations

€

0.01

0.02

(50%)

0.05

6.49

(99%)

Basic earnings per sharea

€

(2.31)

1.00

.

(2.30)

9.01

.

Diluted earnings per sharea

€

(2.31)

1.00

.

(2.30)

9.01

.

a

The statement of income for 2019 was adjusted retroactively on presentation of the construction chemicals activities as discontinued operations from December 21, 2019, onward. For more information, see the BASF Report 2019, Note 1.4.

b

In the second half of 2019, the gain on the disposal of the oil and gas business was adjusted retroactively as of May 1, 2019.

c

The 2019 figures have been restated to reflect the reclassification of income from non-integral companies accounted for using the equity method to net income from shareholdings. For more information, see Note 1 in the Half-Year Financial Report.