|
|
Three Months Ended |
|
|
|
|
March 31, |
|
|
(US$ in millions, except for share data) |
|
2013 |
|
2012 |
|
|
Income from continuing operations |
|
$ |
157 |
|
$ |
124 |
|
|
Net (income) loss attributable to noncontrolling interests |
|
32 |
|
3 |
|
|
Income from continuing operations attributable to Bunge |
|
189 |
|
127 |
|
|
Convertible preference share dividends and other obligations |
|
(10 |
) |
(8 |
) |
|
Income (loss) from discontinued operations, net of tax |
|
(9 |
) |
(35 |
) |
|
Net income available to Bunge common shareholders |
|
$ |
170 |
|
$ |
84 |
|
|
Weighted-average number of common shares outstanding: |
|
|
|
|
|
|
Basic |
|
146,648,822 |
|
145,718,123 |
|
|
Effect of dilutive shares: |
|
|
|
|
|
|
—stock options and awards (1) |
|
1,218,995 |
|
864,776 |
|
|
—convertible preference shares |
|
— |
|
— |
|
|
Diluted |
|
147,867,817 |
|
146,582,899 |
|
|
|
|
|
|
|
|
|
Basic earnings per common share: |
|
|
|
|
|
|
Net income (loss) from continuing operations |
|
$ |
1.22 |
|
$ |
0.81 |
|
|
Net income (loss) from discontinued operations |
|
(0.06 |
) |
(0.24 |
) |
|
Net income attributable to Bunge common shareholders—basic |
|
$ |
1.16 |
|
$ |
0.57 |
|
|
|
|
|
|
|
|
|
Diluted earnings per common share: |
|
|
|
|
|
|
Net income (loss) from continuing operations |
|
$ |
1.21 |
|
$ |
0.81 |
|
|
Net income (loss) from discontinued operations |
|
(0.06 |
) |
(0.24 |
) |
|
Net income attributable to Bunge common shareholders—diluted |
|
$ |
1.15 |
|
$ |
0.57 |
|
(1) Approximately 4 million and 5 million outstanding stock options and contingently issuable restricted stock units were not dilutive and not included in the weighted-average number of common shares outstanding for the three months ended March 31, 2013 and 2012, respectively. Approximately 8 million weighted-average common shares that are issuable upon conversion of the convertible preference shares were not dilutive and not included in the weighted-average number of common shares outstanding for both the three months ended March 31, 2013 and 2012.
|