Selected Financial Data
since 2005
Income Statement
Monsanto Co., selected items from income statement, long-term trends
US$ in millions
| 12 months ended: | Net sales | Income from operations | Net income attributable to Monsanto Company |
|---|---|---|---|
| Aug 31, 2017 | 14,640) | 3,212) | 2,260) |
| Aug 31, 2016 | 13,502) | 2,375) | 1,336) |
| Aug 31, 2015 | 15,001) | 3,523) | 2,314) |
| Aug 31, 2014 | 15,855) | 4,075) | 2,740) |
| Aug 31, 2013 | 14,861) | 3,570) | 2,482) |
| Aug 31, 2012 | 13,504) | 3,148) | 2,045) |
| Aug 31, 2011 | 11,822) | 2,502) | 1,607) |
| Aug 31, 2010 | 10,502) | 1,607) | 1,109) |
| Aug 31, 2009 | 11,724) | 3,103) | 2,109) |
| Aug 31, 2008 | 11,365) | 2,721) | 2,024) |
| Aug 31, 2007 | 8,563) | 1,418) | 993) |
| Aug 31, 2006 | 7,344) | 1,177) | 689) |
| Aug 31, 2005 | 6,294) | 742) | 255) |
Based on: 10-K (reporting date: 2017-08-31), 10-K (reporting date: 2016-08-31), 10-K (reporting date: 2015-08-31), 10-K (reporting date: 2014-08-31), 10-K (reporting date: 2013-08-31), 10-K (reporting date: 2012-08-31), 10-K (reporting date: 2011-08-31), 10-K (reporting date: 2010-08-31), 10-K (reporting date: 2009-08-31), 10-K (reporting date: 2008-08-31), 10-K (reporting date: 2007-08-31), 10-K (reporting date: 2006-08-31), 10-K (reporting date: 2005-08-31).
The financial data reveals several important trends over the period analyzed. Net sales exhibit a general upward trajectory, increasing from $6,294 million in 2005 to a peak of $15,855 million in 2014, followed by some fluctuations and a decline around 2016, before rising again in 2017.
Income from operations shows notable growth, particularly between 2007 and 2009, rising sharply from $1,418 million to $3,103 million. This is followed by volatility in subsequent years, with a decrease around 2010, a recovery reaching a high point in 2014, and then another decline, before increasing moderately in 2017.
Net income attributable to the company also follows a similar pattern of increase and volatility. Starting at $255 million in 2005, net income grows substantially to $2,109 million in 2009. After a drop in 2010, it experiences several fluctuations, peaking at $2,740 million in 2014 before falling significantly in 2016. It then rises again to $2,260 million in 2017.
- Net Sales
- Overall upward movement with steady growth from 2005 through 2014, peaking at $15,855 million, then declining somewhat between 2014 and 2016, and recovering slightly by 2017.
- Income from Operations
- Marked increase from 2005 to 2009, more than doubling within this period. Subsequent years show volatility with declines in 2010 and 2016, but maintaining levels above $2 billion for most of the latter years.
- Net Income Attributable to Monsanto Company
- Strong growth phase through 2009, followed by periodic declines and recoveries. The lowest point within the recent years is observed in 2016, with a significant rise again in 2017, indicating some recovery in profitability.
In summary, the company demonstrated robust growth in net sales, operating income, and net income through the mid-period assessed, especially up to 2009 and 2014. However, all three metrics exhibit some degree of fluctuation thereafter, suggesting that while the company maintained substantial revenue and profit levels, it faced challenges affecting consistent growth and profitability in the later years of the analysis period.
Balance Sheet: Assets
Monsanto Co., selected items from assets, long-term trends
US$ in millions
| Current assets | Total assets | |
|---|---|---|
| Aug 31, 2017 | 8,651) | 21,333) |
| Aug 31, 2016 | 8,157) | 19,736) |
| Aug 31, 2015 | 10,625) | 21,920) |
| Aug 31, 2014 | 9,675) | 21,981) |
| Aug 31, 2013 | 10,077) | 20,664) |
| Aug 31, 2012 | 9,658) | 20,224) |
| Aug 31, 2011 | 8,809) | 19,844) |
| Aug 31, 2010 | 7,122) | 17,867) |
| Aug 31, 2009 | 7,883) | 17,877) |
| Aug 31, 2008 | 7,609) | 17,991) |
| Aug 31, 2007 | 5,084) | 12,983) |
| Aug 31, 2006 | 5,461) | 11,728) |
| Aug 31, 2005 | 4,644) | 10,579) |
Based on: 10-K (reporting date: 2017-08-31), 10-K (reporting date: 2016-08-31), 10-K (reporting date: 2015-08-31), 10-K (reporting date: 2014-08-31), 10-K (reporting date: 2013-08-31), 10-K (reporting date: 2012-08-31), 10-K (reporting date: 2011-08-31), 10-K (reporting date: 2010-08-31), 10-K (reporting date: 2009-08-31), 10-K (reporting date: 2008-08-31), 10-K (reporting date: 2007-08-31), 10-K (reporting date: 2006-08-31), 10-K (reporting date: 2005-08-31).
The analysis of the annual financial data reveals several notable trends in the assets of the company over the period from August 31, 2005, to August 31, 2017.
- Current Assets
- The current assets exhibit a generally upward trajectory from 2005 through 2015, increasing from 4,644 million US dollars in 2005 to a peak of 10,625 million US dollars in 2015. This indicates a growth in the company's short-term resources available to meet its obligations. However, after reaching this peak, there is a noticeable decline in current assets over the subsequent two years, dropping to 8,157 million in 2016 and slightly recovering to 8,651 million in 2017. The interim decrease may suggest changes in liquidity management or asset composition during that period.
- Total Assets
- Total assets also show a consistent increase overall, starting at 10,579 million US dollars in 2005 and rising to a high of 21,981 million in 2014. After this peak, there is a slight decrease followed by fluctuations, with total assets dropping to 19,736 million in 2016 but rising again to 21,333 million in 2017. This pattern indicates sustained growth in the company's asset base over the long term, with some volatility occurring toward the end of the period under review. The increases in total assets reflect expansion or revaluation effects, while the fluctuations could be related to strategic asset management or disposals.
In summary, the company demonstrated significant growth in both current and total assets throughout most of the examined timeframe, with particular strength until the mid-2010s. The observed decreases and fluctuations in the latter years suggest a phase of adjustment or restructuring, which may warrant further investigation into the underlying causes such as operational changes, capital investments, or shifting market conditions.
Balance Sheet: Liabilities and Stockholders’ Equity
Monsanto Co., selected items from liabilities and stockholders’ equity, long-term trends
US$ in millions
| Current liabilities | Total debt | Total Monsanto Company shareowners’ equity | |
|---|---|---|---|
| Aug 31, 2017 | 6,398) | 8,124) | 6,438) |
| Aug 31, 2016 | 6,729) | 9,040) | 4,534) |
| Aug 31, 2015 | 5,177) | 9,044) | 6,990) |
| Aug 31, 2014 | 5,112) | 7,761) | 7,875) |
| Aug 31, 2013 | 4,336) | 2,112) | 12,559) |
| Aug 31, 2012 | 4,221) | 2,074) | 11,833) |
| Aug 31, 2011 | 4,729) | 2,221) | 11,545) |
| Aug 31, 2010 | 3,541) | 2,103) | 10,099) |
| Aug 31, 2009 | 3,756) | 1,803) | 10,056) |
| Aug 31, 2008 | 4,439) | 1,816) | 9,374) |
| Aug 31, 2007 | 3,075) | 1,420) | 7,503) |
| Aug 31, 2006 | 2,279) | 1,667) | 6,525) |
| Aug 31, 2005 | 2,159) | 1,740) | 5,613) |
Based on: 10-K (reporting date: 2017-08-31), 10-K (reporting date: 2016-08-31), 10-K (reporting date: 2015-08-31), 10-K (reporting date: 2014-08-31), 10-K (reporting date: 2013-08-31), 10-K (reporting date: 2012-08-31), 10-K (reporting date: 2011-08-31), 10-K (reporting date: 2010-08-31), 10-K (reporting date: 2009-08-31), 10-K (reporting date: 2008-08-31), 10-K (reporting date: 2007-08-31), 10-K (reporting date: 2006-08-31), 10-K (reporting date: 2005-08-31).
The analysis of the financial data over the period reveals several important trends regarding the company's liabilities, debt levels, and equity position.
- Current Liabilities
- Current liabilities showed a generally upward trend from 2005 to 2016, increasing from 2,159 million USD in 2005 to a peak of 6,729 million USD in 2016. There was a slight decline in 2009 and 2010 compared to 2008, but the overall trajectory was of growth. In 2017, current liabilities decreased somewhat to 6,398 million USD, indicating a potential effort to manage short-term obligations.
- Total Debt
- Total debt fluctuated during the period, starting at 1,740 million USD in 2005 and initially declining to 1,420 million USD in 2007. It then increased modestly up to 2,221 million USD in 2011 before experiencing a very sharp rise in 2014 and 2015, reaching over 9,000 million USD. By 2017, total debt decreased to 8,124 million USD, which, despite the decline, remains significantly higher than the levels observed earlier in the decade. The steep increase in total debt starting in 2014 suggests major financing activities, possibly related to acquisitions or capital investments.
- Total Shareowners’ Equity
- Shareowners’ equity showed a steady increase from 5,613 million USD in 2005 up to 12,559 million USD in 2013, demonstrating consistent growth in the company's net assets. However, from 2013 onward, equity declined sharply to 7,875 million USD in 2014 and further down to 4,534 million USD in 2016, before increasing again slightly to 6,438 million USD in 2017. This volatility in equity may be reflective of significant write-downs, losses, or changes in capital structure during that period.
Overall, the company exhibited increasing current liabilities and a notable rise in total debt in the mid-2010s, coinciding with a decline in shareholder equity. These patterns suggest increased leverage and potential financial restructuring or strategic expenditures in the latter years. The partial recovery of equity in 2017 may indicate stabilization efforts following a period of financial strain.
Cash Flow Statement
Monsanto Co., selected items from cash flow statement, long-term trends
US$ in millions
| 12 months ended: | Net cash provided by operating activities | Net cash required by investing activities | Net cash required by financing activities |
|---|---|---|---|
| Aug 31, 2017 | 3,226) | (1,107) | (1,966) |
| Aug 31, 2016 | 2,588) | (864) | (3,742) |
| Aug 31, 2015 | 3,108) | (1,019) | (430) |
| Aug 31, 2014 | 3,054) | (2,095) | (2,259) |
| Aug 31, 2013 | 2,740) | (777) | (1,485) |
| Aug 31, 2012 | 3,051) | (1,034) | (1,165) |
| Aug 31, 2011 | 2,814) | (975) | (864) |
| Aug 31, 2010 | 1,398) | (834) | (1,038) |
| Aug 31, 2009 | 2,246) | (723) | (1,075) |
| Aug 31, 2008 | 2,837) | (2,042) | (125) |
| Aug 31, 2007 | 1,854) | (1,911) | (583) |
| Aug 31, 2006 | 1,674) | (625) | (117) |
| Aug 31, 2005 | 1,737) | (1,667) | (582) |
Based on: 10-K (reporting date: 2017-08-31), 10-K (reporting date: 2016-08-31), 10-K (reporting date: 2015-08-31), 10-K (reporting date: 2014-08-31), 10-K (reporting date: 2013-08-31), 10-K (reporting date: 2012-08-31), 10-K (reporting date: 2011-08-31), 10-K (reporting date: 2010-08-31), 10-K (reporting date: 2009-08-31), 10-K (reporting date: 2008-08-31), 10-K (reporting date: 2007-08-31), 10-K (reporting date: 2006-08-31), 10-K (reporting date: 2005-08-31).
- Operating Activities
- Net cash provided by operating activities showed fluctuation over the analyzed period. It increased from 1,737 million USD in 2005 to a peak of 2,837 million USD in 2008, indicating strong operational cash generation during those years. After 2008, there was a decline to 1,398 million USD in 2010, followed by a recovery and relatively stable levels around 2,500 to 3,200 million USD from 2011 to 2017, demonstrating sustained operational performance.
- Investing Activities
- The net cash required by investing activities generally reflected consistent outflows throughout the period, confirming ongoing investment activities. Outflows peaked at -2,095 million USD in 2014, with other notable higher outflows in 2007 (-1,911 million USD) and 2008 (-2,042 million USD). Some years showed lower cash requirements, such as 2006 (-625 million USD) and 2009 (-723 million USD), indicating periods of reduced investment intensity or asset disposals.
- Financing Activities
- Net cash required by financing activities fluctuated significantly, with several periods of substantial cash outflows. The highest outflows were noted in 2016 (-3,742 million USD) and 2014 (-2,259 million USD), suggesting major debt repayments, share repurchases, or other financing-related cash uses. Earlier years showed smaller outflows like -117 million USD in 2006 and -125 million USD in 2008. The trend indicates variability in financing strategy, with increased financing cash demands in later years.
- Overall Trends and Insights
- The company maintained positive operating cash flows throughout the years, supporting ongoing investment activities despite significant cash outflows in investing and financing activities. The volatile nature of financing cash flows in particular points to active management of capital structure, possibly including debt refinancing and shareholder returns. Investing cash flows remained a consistent cash outflow, reflecting steady capital expenditure or acquisition activities. The cash flow pattern suggests a balance between growth investments and financial restructuring efforts over the analyzed period.
Per Share Data
Monsanto Co., selected data per share, long-term trends
US$
| 12 months ended: | Basic earnings per share 1 | Diluted earnings per share 2 | Dividend per share 3 |
|---|---|---|---|
| Aug 31, 2017 | 5.15 | 5.09 | 2.16 |
| Aug 31, 2016 | 3.02 | 2.99 | 2.16 |
| Aug 31, 2015 | 4.85 | 4.81 | 2.01 |
| Aug 31, 2014 | 5.28 | 5.22 | 1.78 |
| Aug 31, 2013 | 4.65 | 4.60 | 1.56 |
| Aug 31, 2012 | 3.83 | 3.79 | 1.28 |
| Aug 31, 2011 | 3.00 | 2.96 | 1.14 |
| Aug 31, 2010 | 2.04 | 2.01 | 1.08 |
| Aug 31, 2009 | 3.86 | 3.80 | 1.04 |
| Aug 31, 2008 | 3.69 | 3.62 | 0.83 |
| Aug 31, 2007 | 1.83 | 1.79 | 0.55 |
| Aug 31, 2006 | 1.28 | 1.25 | 0.40 |
| Aug 31, 2005 | 0.48 | 0.47 | 0.34 |
Based on: 10-K (reporting date: 2017-08-31), 10-K (reporting date: 2016-08-31), 10-K (reporting date: 2015-08-31), 10-K (reporting date: 2014-08-31), 10-K (reporting date: 2013-08-31), 10-K (reporting date: 2012-08-31), 10-K (reporting date: 2011-08-31), 10-K (reporting date: 2010-08-31), 10-K (reporting date: 2009-08-31), 10-K (reporting date: 2008-08-31), 10-K (reporting date: 2007-08-31), 10-K (reporting date: 2006-08-31), 10-K (reporting date: 2005-08-31).
1, 2, 3 Data adjusted for splits and stock dividends.
- Basic Earnings Per Share (EPS)
- The basic earnings per share demonstrated a general upward trend from 2005 to 2014, increasing from $0.48 to a peak of $5.28. This growth was characterized by steady increments with notable acceleration between 2006 and 2008, where EPS more than doubled from $1.28 to $3.69. However, after 2014, the EPS declined to $3.02 in 2016, before recovering to $5.15 in 2017. This pattern suggests a phase of volatility or fluctuating profitability in the latter years after a prolonged period of growth.
- Diluted Earnings Per Share
- The diluted earnings per share closely mirrored the trend observed in basic EPS, rising consistently from $0.47 in 2005 to $5.22 in 2014. The diluted EPS also experienced a drop after 2014, decreasing to $2.99 in 2016, followed by a rise to $5.09 in 2017. The difference between basic and diluted EPS remained marginal throughout the period, indicating a relatively stable number of potentially dilutive securities over time.
- Dividend Per Share
- The dividend per share showed a consistent upward trajectory throughout the entire timeframe, starting at $0.34 in 2005 and increasing steadily to $2.16 by 2016, where it remained unchanged through 2017. This steady increase in dividends indicates a commitment to returning value to shareholders and suggests that the company maintained sufficient earnings and cash flow to support consistent dividend growth.