Clean Ammonia Market Growth and Fertilizer Industry Outlook
Non-IFRS Financial Measures and Ratios
Adjusted Net Earnings and Adjusted Net Earnings Per Share
(millions of US dollars, except as otherwise noted)
Net earnings attributable to equity holders of Nutrien
Adjustments:
Share-based compensation expense
Foreign exchange loss, net of related derivatives
Integration and restructuring related costs
(Reversal) impairment of assets
COVID-19 related expenses
Gain on disposal of investment
2022
Increases
(Decreases)
2021
2020
Post-Tax
Per
Diluted
Share
Increases
(Decreases)
Per
Diluted
Per
7,660
14.18
Post-Tax
3,153
Share
Increases
(Decreases)
Diluted
5.52
Post-Tax
459
Share
0.81
63
31
46
(780)
8
(19)
¥88ཐྱ
0.10
198
151
0.27
69
50
0.09
0.05
39
30
0.05
19
14
0.02
0.06
43
33
0.06
60
44
0.08
(619)
(1.15)
33
25
0.04
824
657
1.15
0.01
45
34
0.06
67
49
0.09
(14)
(0.03)
6
4
(250)
(250)
(0.44)
(18)
(14)
(0.03)
36
27
0.05
142
104
0.18
7,124
13.19
3,557
6.23
1,027
1.80
Loss on disposal of business
Net gain on disposal of investment in MOPCO
Gain on settlement of discontinued hedge accounting derivative
Cloud computing transition adjustment
Loss on early extinguishment of debt
Adjusted net earnings
Return on Invested Capital (ROIC)
(millions of US dollars, except as otherwise noted)
2022
2021
2020
Earnings before finance costs and income taxes
10,809
4,781
902
Merger adjustments
Integration and restructuring related costs
1
231
277
297
46
43
60
Share-based compensation
63
198
69
(Reversal of) impairment of assets
(780)
33
824
COVID-19 related expenses
8
45
48
Foreign exchange loss, net of related derivatives
31
39
19
Loss on disposal of business
6
Gain on disposal of investment
(19)
(250)
Cloud computing transition adjustment
36
Nutrien Financial revenue
(267)
(189)
(129)
Net operating profit
10,122
5,263
1,846
Tax (calculated at 25%)
2,531
1,316
462
Net operating profit after tax
7,591
3,947
1,384
1 Depreciation and amortization related to the fair value adjustments as a result of the Merger (the merger of equals transaction between
PotashCorp and Agrium).
Total assets
54,228
48,880
47,533
Cash and cash equivalents
(753)
Payables and accrued charges
(10,687)
Merger adjustments
(10,232)
Average Nutrien Financial receivables.
(3,311)
(862)
(8,773)
(10,516)
(2,316)
(1,629)
(6,991)
(10,668)
(1,502)
Invested capital
29,245
26,413
26,743
1 Merger fair value adjustments on goodwill, other intangible assets and property, plant and equipment.
Return on invested capital (%)
26
15
5
23
Source: NutrienView entire presentation