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Select SDGs to find out how we are taking action in support of the UN Substinable Development Goals
| units | 2019 | 2020 | 2021 | |
|---|---|---|---|---|
| Sales | $ millions | 5,271 | 5,043 | 6,955 |
| Operating income | $ millions | 756 | 202 | 2,611 |
| Adjusted operating income | $ millions | 760 | 509 | 1,194 |
| Total adjusted net income - shareholders of the Company | $ millions | 479 | 258 | 824 |
| Cash Flow from Operating Activities | $ millions | 992 | 804 | 1,065 |
| 2021 | |
|---|---|
| Revenues | 6,955 |
| Operating costs* | 4,380 |
| Employee wages and benefits | 1,295 |
| Payment to providers of capital | 388 |
| Royalties to governments | 78 |
| Payments to governments** | 145 |
| Community investments | 8 |
| Economic value retained | 661 |
*Excluding payments of royalties to governments.
** Includes only current taxes.
As a leading global specialty minerals company, we create impactful solutions in global food, agriculture and industrial markets. The Company leverages its unique bromine, potash and phosphate resources, its professional employees, and its strong focus on R&D and technological innovation, to drive growth across its end markets.
While maintaining our business operations and in order to comply with the relevant government requirements, we implement an overall corporate global tax policy. Our policy includes engagement with tax authorities, tax risk management and governance, and prudent and responsible tax planning.
Our business segments operate in many countries around the world, and thus are subject to taxes in various jurisdictions, including income taxes, royalties, dividend withholding tax, payroll taxes and social security and payments relating to taxes.
For more information regarding the taxation, see Item 10E and Note 15D in ICL’s 2021 Annual Report.
| units | 2019 | 2020 | 2021 | |
|---|---|---|---|---|
| Consolidated income before tax | $ millions | 628 | 49 | 1,092 |
| Income tax expense | $ millions | 147 | 25 | 260 |
| Effective tax rate | $ millions | 23% | 51% | 24% |
