BASF Report 2022

Ten-Year Summary

(Million €)

 

2013a

2014

2015

2016

2017

2018

2019

2020

2021

2022

Statement of income

 

 

 

 

 

 

 

 

 

 

Sales

73,973

74,326

70,449

57,550

61.223b

60.220c

59,316

59,149

78,598

87,327

Income from operations (EBIT)

7,160

7,626

6,248

6,275

7.587b

5.974c

4,201

–191

7,677

6,548

Income before income taxes

6,600

7,203

5,548

5,395

6.882b

5.233c

3,302

–1,562

7,448

1,190

Income after taxes from continuing operations

–

–

–

–

5.592b

4.116c

2,546

–1,471

6,018

–391

Income after taxes from discontinued operations

–

–

–

–

760b

863c

5,945

396

–36

−

Income after taxes

5,113

5,492

4,301

4,255

6,352

4,979

8,491

–1,075

5,982

–391

Net income

4,792

5,155

3,987

4,056

6,078

4,707

8,421

–1,060

5,523

–627

Income from operations before depreciation and amortization (EBITDA)

10,432

11,043

10,649

10,526

10.765b

8.970c

8,185

6,494

11,355

10,748

EBIT before special items

7,077

7,357

6,739

6,309

7.645b

6.281c

4,643

3,560

7,768

6,878

 

 

 

 

 

 

 

 

 

 

 

Capital expenditures, depreciation and amortization

 

 

 

 

 

 

 

 

 

 

Additions to property, plant and equipment and intangible assets

7,726

7,285

6,013

7,258

4,364

10,735

4,097

4,869

4,881

4,967

of which property, plant and equipment

6,428

6,369

5,742

4,377

4,028

5,040

3,842

4,075

4,410

4,842

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

3,272

3,417

4,401

4,251

4,202

3,750

4,146

6,685

3,678

4,200

of which property, plant and equipment

2,631

2,770

3,600

3,691

3,586

3,155

3,408

5,189

3,064

3,549

 

 

 

 

 

 

 

 

 

 

 

Employees at year-end

112,206

113,292

112,435

113,830

115,490

122,404

117,628

110,302

111,047

111,481

 

 

 

 

 

 

 

 

 

 

 

Personnel expenses

9,285

9,224

9,982

10,165

10,610

10,659

10,924

10,576

11,097

11,400

 

 

 

 

 

 

 

 

 

 

 

Research and development expenses

1,849

1,884

1,953

1,863

1.843b

1.994c

2,158

2,086

2,216

2,298

a

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

b

Figures for 2017 were restated with the presentation of the oil and gas activities as discontinued operations.

c

Figures for 2018 were restated with the presentation of the construction chemicals activities as discontinued operations.
(Million €)

 

 

2013a

2014

2015

2016

2017

2018

2019

2020

2021

2022

Balance sheet (IFRS)

 

 

 

 

 

 

 

 

 

 

 

Total assets

 

64,204

71,359

70,836

76,496

78,768

86,556

86,950

80,292

87,383

84,472

Noncurrent assets

 

38,253

43,939

46,270

50,550

47,623

43,335

55,960

50,424

52,332

47,050
of which intangible assets

 

12,324

12,967

12,537

15,162

13,594

16,554

14,525

13,145

13,499

13,273
of which property, plant and equipment

 

19,229

23,496

25,260

26,413

25,258

20,780

21,792

19,647

21,553

22,967

Current assets

 

25,951

27,420

24,566

25,946

31,145

43,221

30,990

29,868

35,051

37,422
of which inventories

 

10,160

11,266

9,693

10,005

10,303

12,166

11,223

10,010

13,868

16,028
of which accounts receivable, trade

 

10,233

10,385

9,516

10,952

10,801

10,665

9,093

9,466

11,942

12,055
of which cash and cash equivalents

 

1,827

1,718

2,241

1,375

6,495

2,300

2,427

4,330

2,624

2,516

Equity

 

27,673

28,195

31,545

32,568

34,756

36,109

42,350

34,398

42,081

40,923

Total liabilities

 

36,531

43,164

39,291

43,928

44,012

50,447

44,600

45,894

45,301

43,550
of which financial indebtedness

 

14,407

15,384

15,197

16,312

18,032

20,841

18,377

19,214

17,184

19,016

 

 

 

 

 

 

 

 

 

 

 

 

Key data

 

 

 

 

 

 

 

 

 

 

 

Earnings per share

€

5.22

5.61

4.34

4.42

6,62b

5.12

9.17

–1.15

6.01

–0.70

Adjusted earnings per share

€

5.31

5.44

5.00

4.83

6,44b

5.87

4.00

3.21

6.76

6.96

Cash flows from operating activities

 

8,100

6,958

9,446

7,717

8,785

7,939

7,474

5,413

7,245

7,709

EBITDA margin

%

14.1

14.9

15.1

18.3

17,6b

14,9c

13.8

11.0

14.4

12.3

Return on assets

%

11.5

11.7

8.7

8.2

9,5b

7.1

4.5

–1.2

9.5

2.1

Return on equity after tax

%

19.2

19.7

14.4

13.3

18.9

14.1

21.6

–2.8

15.6

–0.9

Return on capital employed (ROCE)

%

–

–

–

–

15.4

12,0c

7.7

1.7

13.7

10.0

 

 

 

 

 

 

 

 

 

 

 

 

Appropriation of profits

 

 

 

 

 

 

 

 

 

 

 

Net income of BASF SEd

 

2,826

5,853

2,158

2,808

3,130

2,982

3,899

3,946

3,928

3,849

Dividend

 

2,480

2,572

2,664

2,755

2,847

2,939

3,031

3,031

3,072

3,039e

Dividend per share

€

2.70

2.80

2.90

3.00

3.10

3.20

3.30

3.30

3.40

3.40e

 

 

 

 

 

 

 

 

 

 

 

 

Number of shares at year-end

million

918.5

918.5

918.5

918.5

918.5

918.5

918.5

918.5

918.5

893.9

a

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

b

Figures for 2017 were restated with the presentation of the oil and gas activities as discontinued operations.

c

Figures for 2018 were restated with the presentation of the construction chemicals activities as discontinued operations.

d

Calculated in accordance with German GAAP

e

Based on the dividend proposed by the Board of Executive Directors and the number of outstanding shares as of December 31, 2022 (893,854,929)

Last Update Feb 24, 2023