Key Data

Five-Year Summary

   [Table 1.2]
  2010 2011 2012 2013 2014
  € million € million € million € million € million
Bayer Group          
Sales 35,088 36,528 39,741 40,157 42,239
Sales outside Germany 87.4% 87.3% 88.3% 87.9% 88.2%
EBIT1 2,730 4,149 3,928 4,934 5,506
EBIT before special items2 4,452 5,025 5,639 5,773 5,944
EBITDA2 6,286 6,918 6,916 7,830 8,442
EBITDA before special items2 7,101 7,613 8,280 8,401 8,812
Income before income taxes 1,721 3,363 3,176 4,207 4,525
Income after income taxes 1,310 2,472 2,453 3,186 3,443
Earnings per share (€)3 1.57 2.99 2.91 3.86 4.14
Core earnings per share (€) 4.19 4.83 5.30 5.61 6.02
Noncurrent assets 33,188 32,697 32,308 32,289 48,007
of which goodwill and other intangible assets 20,163 19,455 18,757 18,776 31,821
of which property, plant and equipment 9,835 9,823 9,898 10,015 11,428
Current assets 18,318 20,068 19,010 19,028 22,227
Inventories 6,104 6,368 6,991 7,129 8,478
Receivables and other current assets 9,374 11,846 10,321 10,237 11,896
Cash and cash equivalents 2,840 1,770 1,698 1,662 1,853
Financial liabilities 11,833 11,679 9,530 9,031 21,860
Noncurrent 9,944 7,995 6,962 5,590 18,484
Current 1,889 3,684 2,568 3,441 3,376
Interest expense – net (499) (335) (252) (355) (356)
Return on equity 6.9% 13.0% 13.0% 16.2% 16.8%
Gross cash flow4 4,771 5,172 4,556 5,832 6,820
Capital expenditures (total) 1,621 1,666 1,929 2,157 2,371
Depreciation and amortization 2,571 2,521 2,641 2,611 2,713
Research and development expenses 3,053 2,932 3,013 3,406 3,574
Equity including non-controlling interest (total) 18,896 19,271 18,551 20,804 20,218
Capital stock 2,117 2,117 2,117 2,117 2,117
Reserves 16,779 17,154 16,434 18,687 18,101
Net income 1,301 2,470 2,403 3,189 3,426
Non-controlling interest 63 59 100 86 112
Liabilities (total) 32,610 33,494 32,767 30,513 50,016
Total assets 51,506 52,765 51,318 51,317 70,234
Equity ratio 36.7% 36.5% 36.1% 40.5% 28.8%
Bayer AG          
Net income 1,245 1,125 889 2,498 2,454
Allocation to (withdrawal from) retained earnings 5 (239) (682) 761 593
Total dividend payment 1,240 1,364 1,571 1,737 1,861
Dividend per share (€) 1.50 1.65 1.90 2.10 2.25
Employees          
Number of employees5 (Dec. 31) 111,400 111,800 110,000 112,400 118,900
Personnel expenses (including pension expenses) (€ million) 8,099 8,726 9,194 9,430 9,845
Proportion of women in senior management (%) 21 22 23 25 26
Number of nationalities in the Group Leadership Circle 21 22 23 31 35
Proportion of employees with health insurance (%) 94 94 94 95 96
Proportion of employees covered by collective agreements on pay and conditions (%) 55 54 53 54 52
Safety          
Recordable Incident Rate for Bayer employees (RIR) 0.62 0.56 0.49 0.47 0.43
Lost Time Recordable Incident Rate for Bayer employees (LTRIR) 0.34 0.31 0.27 0.26 0.22
Loss of Primary Containment Incident Rate (LoPC-IR)6 0.38 0.35 0.23
Number of transport incidents 8 7 6 11 12
Environmental Protection          
Direct greenhouse gas emissions
(CO2 equivalents in million t)7
4.80 4.23 4.24 4.09 4.02
Indirect greenhouse gas emissions
(CO2 equivalents in million t)7
3.70 3.92 4.12 4.29 4.70
Volatile organic compounds
(VOC) (thousand t/a)8
2.54 2.69 2.60 2.27 2.12
Ozone-depleting substances
(ODS) (t/a)9
20.77 16.31 16.28 15.65 14.79
Total organic carbon (TOC)
(thousand t/a)
1.42 1.50 1.42 1.53 1.20
Total phosphorus in wastewater
(thousand t/a)
0.09 0.08 0.15 0.11 0.10
Total nitrogen in wastewater
(thousand t/a)
0.49 0.53 0.70 0.69 0.76
Hazardous waste generated
(thousand t/a)
354 474 603 467 487
Hazardous waste landfilled
(thousand t/a)
56 122 175 53 65
Water use
(million m³/a)
474 411 384 361 350
Primary energy consumption
(petajoules/a)10
51.63 50.10 49.05 47.58 45.57
Secondary energy consumption
(petajoules/a)10
34.08 34.85 34.14 33.27 39.74
Energy efficiency (MWh/t)11 3.77 3.63 3.50 3.44 3.37

2013 figures restated; figures for 2010-2012 as last reported
1 EBIT = earnings before financial result and taxes
2 For definition see Combined Management Report, Chapter 16.2 “Calculation of EBIT(DA) Before Special Items.”
3 Earnings per share as defined in IAS 33 = net income divided by the average number of shares. For details see Note [16] to the consolidated financial statements.
4 For definition see Combined Management Report, Chapter 16.5 “Liquidity and Capital Expenditures of the Bayer Group.”
5 Full-time equivalents
6 LoPC-IR: rate of incidents in which chemicals leak from their primary container, such as pipelines, pumps, tanks or drums, per 200,000 working hours in areas relevant to plant safety. LoPC-IR has been recorded since 2012.
7 Portfolio-adjusted in accordance with the Greenhouse Gas Protocol
8 Volatile organic compounds (VOC) excluding methane
9 Ozone-depleting substances (ODS) in CFC-11 equivalents
10 1 petajoule = 1015 joules
11 Energy efficiency: quotient of total energy consumption and manufactured sales volume. For MaterialScience, only manufactured sales volumes that also form the basis for calculating MaterialScience-specific emissions are taken into account.

Last updated: February 26, 2015  Copyright © Bayer AG
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