Potash Corp. of Saskatchewan, Inc. Reports Unaudited Consolidated Earnings Results for the Fourth Quarter and Full Year Ended December 31, 2012 ; Provides Earnings Guidance for the First Quarter and Full Year of Fiscal 2013
January 31, 2013 at 07:21 am EST
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Potash Corp. of Saskatchewan, Inc. reported unaudited consolidated earnings results for the fourth quarter and full year ended December 31, 2012. For the quarter, the company reported sales of $1,642 million, operating income of $559 million, income before income taxes of $534 million, net income of $421 million of $0.48 per diluted share compared to the sales of $1,865 million, operating income of $964 million, income before income taxes of $930 million, net income of $683 million of $0.78 per diluted share for the same quarter year ago. Cash provided by operating activities was $872 million compared to the $866 million for the same quarter year ago. Additions to property, plant and equipment was $628 million compared to the $653 million for the same quarter year ago. Additions to other assets and intangible assets was $34 million compared to the $64 million for the same quarter year ago. Adjusted EBITDA was $703 million compared to the $1,079 million for the same quarter year ago.
For the year, the company reported sales of $7,927 million, operating income of $3,019 million, income before income taxes of $2,905 million, net income of $2,079 million of $2.37 per diluted share compared to the sales of $8,715 million, operating income of $4,306 million, income before income taxes of $4,147 million, net income of $3,081 million of $3.51 per diluted share for the previous year. Cash provided by operating activities was $3,225 million compared to the $3,485 million for the previous year. Additions to property, plant and equipment was $2,133 million compared to the $2,176 million for the previous year. Additions to other assets and intangible assets was $71 million compared to the $75 million for the previous year. Adjusted EBITDA was $3,938 million compared to the $4,795 million for the previous year.
The company provided earnings guidance for the first quarter and full year of 2013. The company expected earnings guidance of $0.50-$0.65 per share for first-quarter 2013.
The company expected earnings guidance of $2.75-$3.25 per share for full year 2013. The company announced capital expenditure estimates for 2013, 2014 and 2015 have moved up about $100 million to $300 million per year since last guidance. 2013 annual effective tax rate is forecast to be 25%-27%.
Nutrien Ltd. is a Canada-based company, which is a provider of crop inputs and services. The Company operates through four segments: Nutrien Ag Solutions (Retail), Potash, Nitrogen and Phosphate. The Retail segment distributes crop nutrients, crop protection products, seeds and merchandise, and it provides services directly to growers through a network of farm centers in North America, South America and Australia. Its Retail business includes Nutrien Ag Solutions and Landmark Retail businesses, which provide agricultural solutions, including nutrients, crop protection products, seed, services and agronomic advice to growers. The Potash, Nitrogen and Phosphate segments are differentiated by the chemical nutrients contained in the products that it produces. The Company produces and distributes over 27 million tons of potash, nitrogen and phosphate products for agricultural, industrial and feed customers worldwide. It operates approximately 2,000 retail locations in over seven countries.
Potash Corp. of Saskatchewan, Inc. Reports Unaudited Consolidated Earnings Results for the Fourth Quarter and Full Year Ended December 31, 2012 ; Provides Earnings Guidance for the First Quarter and Full Year of Fiscal 2013
NUTRIEN LTD. 
