MONSANTO CO /NEW (MON) [Rocket]

In millions, except per share items	Feb-28-18	Nov-30-17	Aug-31-17	May-31-17	Feb-28-17	Nov-30-16	Aug-31-16	May-31-16
	10-Q	10-Q	10-K	10-Q	10-Q	10-Q	10-K	10-Q
Revenues:
Seeds and Genomics	4,088.0	1,770.0	1,747.0	3,132.0	4,186.0	1,848.0	1,565.0	3,207.0
Agricultural Productivity	931.0	888.0	939.0	1,098.0	888.0	802.0	997.0	982.0
Total revenues	5,019.0	2,658.0	2,686.0	4,230.0	5,074.0	2,650.0	2,562.0	4,189.0
Revenue growth [+]	-1.1%	0.3%	4.8%	1.0%	12.0%	19.4%	8.8%	-8.5%
Seeds and Genomics	-2.3%	-4.2%	11.6%	-2.3%	9.7%	32.1%	25.1%	0.4%
Agricultural Productivity	4.8%	10.7%	-5.8%	11.8%	24.2%	-2.2%	-9.7%	-29.1%
Cost of goods sold	2,053.0	1,346.0	1,346.0	1,844.0	2,122.0	1,391.0	1,424.0	1,809.0
Gross profit	2,966.0	1,312.0	1,340.0	2,386.0	2,952.0	1,259.0	1,138.0	2,380.0
Gross margin	59.1%	49.4%	49.9%	56.4%	58.2%	47.5%	44.4%	56.8%
Selling, general and administrative [+]	652.0	664.0	938.0	789.0	657.0	585.0	975.0	729.0
General and administrative			938.0				975.0
Research and development	394.0	382.0	439.0	417.0	381.0	370.0	421.0	387.0
EBITDA [+]	2,113.0	454.0	162.0	1,357.0	2,097.0	493.0	-73.0	1,442.0
EBITDA growth	0.8%	-7.9%	-321.9%	-5.9%	13.0%	181.7%	-763.6%	-20.8%
EBITDA margin	42.1%	17.1%	6.0%	32.1%	41.3%	18.6%	-2.8%	34.4%
Depreciation	162.0	165.0	165.0	125.0	155.0	159.0	157.0	149.0
EBITA	1,951.0	289.0	-3.0	1,232.0	1,942.0	334.0	-230.0	1,293.0
EBITA margin	38.9%	10.9%	-0.1%	29.1%	38.3%	12.6%	-9.0%	30.9%
Amortization of intangibles	31.0	23.0	34.0	52.0	28.0	30.0	28.0	29.0
EBIT [+]	1,920.0	266.0	-37.0	1,180.0	1,914.0	304.0	-258.0	1,264.0
EBIT growth	0.3%	-12.5%	-85.7%	-6.6%	14.5%	-5166.7%	54.5%	-23.1%
EBIT margin	38.3%	10.0%	-1.4%	27.9%	37.7%	11.5%	-10.1%	30.2%
Non-recurring items	24.0	24.0	26.0	16.0	50.0	57.0	7.0	15.0
Interest expense, net [+]	81.0	109.0	91.0	83.0	84.0	118.0	81.0	86.0
Interest expense	105.0	124.0	114.0	100.0	102.0	136.0	104.0	100.0
Interest income	24.0	15.0	23.0	17.0	18.0	18.0	23.0	14.0
Other income (expense), net	24.0	97.0	9.0	-4.0	88.0	-43.0	138.0	35.0
Pre-tax income	1,839.0	230.0	-145.0	1,077.0	1,868.0	86.0	-208.0	1,198.0
Income taxes	381.0	60.0	-170.0	230.0	505.0	61.0	-1.0	483.0
Tax rate	20.7%	26.1%	117.2%	21.4%	27.0%	70.9%	0.5%	40.3%
Minority interest	1.0	2.0	5.0	4.0	-2.0	6.0	-14.0	-2.0
Earnings from continuing ops	1,457.0	168.0	20.0	843.0	1,365.0	19.0	-193.0	717.0
Earnings from discontinued ops	2.0	1.0			3.0	10.0	2.0
Net income	1,459.0	169.0	20.0	843.0	1,368.0	29.0	-191.0	717.0
Net margin	29.1%	6.4%	0.7%	19.9%	27.0%	1.1%	-7.5%	17.1%

Basic EPS [+]	$3.30	$0.38	$0.05	$1.92	$3.11	$0.04	($0.44)	$1.64
Growth	6.2%	780.0%	-110.5%	17.0%	28.7%	-103.7%	-58.4%	-32.0%
Diluted EPS [+]	$3.27	$0.38	$0.05	$1.90	$3.09	$0.04	($0.43)	$1.63
Growth	6.0%	777.1%	-110.4%	16.8%	28.6%	-103.7%	-58.4%	-31.9%

Dividends per share [+]	$1.08	$0.54	$1.08	$0.54	$1.08	$0.54	$1.08	$0.54
Growth	0.0%	-0.1%	0.0%	0.0%	0.0%	-3.3%	4.9%	-100.0%

Shares outstanding (basic) [+]	441.0	440.2	438.8	439.1	438.7	438.1	442.7	437.1
Growth	0.5%	0.5%	-0.9%	0.5%	0.0%	-3.5%	-7.2%	-7.6%
Shares outstanding (diluted) [+]	445.5	445.3	443.8	443.4	442.3	441.7	447.1	440.3
Growth	0.7%	0.8%	-0.7%	0.7%	0.1%	-2.7%	-7.1%	-7.7%

EBIT is a non-GAAP figure that excludes all non-recurring expenses: restructuring costs, asset impairments, IPR&D writeoffs, and other unusual charges.