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NEM Financial Statements and Analysis

NYSE : NEM

Newmont Corporation

$45.33
-2.76-5.74%
At Close 4:00 PM
$45.32
-0.01-0.02%
After-Market 07:40 PM
71.66
B+ESG ScoreESG Rating

NEM FINANCIAL STATEMENTS

An instrumental part of fundamental analysis is measuring key indicators of an asset, which are the factors that can influence its value and price. However, sometimes investors show more interest in financial statements with other factors to determine whether investing in that company is the right decision. Financial statements of a company include:

  • Balance Sheet
  • Income Statement
  • Cash Flow Statement

NEM Income Statement

A company's income statement helps investors and business owners determine whether the company is profitable or losing money. Profitability is a key factor investors consider before investing in a stock. Income statements provide them with information about a company's profitability over time. The statement also enables them to observe trends in company spending and earnings since it breaks down individual costs and revenues. Income statements also provide details on where a company's money is going when it isn't profitable or its profits fluctuate.

Date2024-09-302024-06-302024-03-312023-12-312023-09-30
reported currencyUSDUSDUSDUSDUSD
calendar year20242024202420232023
periodQ3Q2Q1Q4Q3
revenue4.605B4.311B4.001B3.92B2.493B
cost of revenue3.147B2.909B2.911B4.235B1.929B
gross profit1.458B1.402B1.09B-315.00M564.00M
gross profit ratio0.3170.3250.272-0.080.226
research and development expenses47.00M49.00M53.00M68.00M53.00M
general and administrative expenses113.00M100.00M101.00M84.00M70.00M
selling and marketing expenses00000
selling general and administrative expenses113.00M100.00M101.00M84.00M70.00M
other expenses0-20.00M-5.00M-3.00M-7.00M
operating expenses160.00M169.00M159.00M155.00M289.00M
cost and expenses3.315B3.078B3.07B4.39B2.218B
interest income37.00M38.00M39.00M40.00M35.00M
interest expense86.00M103.00M93.00M115.00M48.00M
depreciation and amortization631.00M696.00M752.00M1.859B480.00M
ebitda1.776B1.929B1.273B1.389B783.00M
ebitda ratio0.3860.4470.4210.3540.314
operating income1.298B1.233B931.00M-470.00M162.00M
operating income ratio0.2820.2860.233-0.120.065
total other income expenses net-239.00M-308.00M253.00M-2.572B-30.00M
income before tax1.059B1.036B428.00M-3.042B232.00M
income before tax ratio0.230.240.107-0.7760.093
income tax expense244.00M191.00M260.00M117.00M73.00M
net income922.00M853.00M170.00M-3.15B158.00M
net income ratio0.200.1980.042-0.8040.063
eps0.800.740.14-3.220.20
eps diluted0.800.740.14-3.220.20
weighted average shs out1.147B1.153B1.153B978.00M795.00M
weighted average shs out dil1.149B1.155B1.153B978.00M796.00M
Graph

NEM Balance Sheet

Balance sheet summarizes a company's financials and can be used as a basis by investors to determine the value of a company. It shows the value of the stock, as well as the assets and liabilities of the company. A company's balance sheet displays how its assets are put to use and how those assets are financed, based on the liabilities section. Both investors and analysts analyze a company's balance sheet to determine how it allocates its resources.

Date2024-09-302024-06-302024-03-312023-12-312023-09-30
reported currencyUSDUSDUSDUSDUSD
calendar year20242024202420232023
periodQ3Q2Q1Q4Q3
cash and cash equivalents3.016B2.608B2.342B3.013B3.19B
short term investments43.00M50.00M23.00M23.00M24.00M
cash and short term investments3.059B2.658B2.365B3.036B3.214B
net receivables974.00M955.00M782.00M1.227B78.00M
inventory2.175B2.148B2.13B2.642B1.956B
other current assets6.369B6.309B6.529B607.00M707.00M
total current assets12.577B12.07B11.806B7.512B5.955B
property plant equipment net33.697B33.655B33.564B37.563B24.474B
goodwill2.721B2.792B2.792B3.001B1.971B
intangible assets00000
goodwill and intangible assets2.721B2.792B2.792B3.001B1.971B
long term investments4.342B4.35B4.589B4.674B3.133B
tax assets229.00M273.00M210.00M268.00M138.00M
other non current assets2.609B2.538B2.374B2.488B2.413B
total non current assets43.598B43.608B43.529B47.994B32.129B
other assets00000
total assets56.175B55.678B55.335B55.506B38.084B
account payables772.00M683.00M698.00M960.00M651.00M
short term debt112.00M104.00M99.00M2.061B94.00M
tax payables346.00M264.00M136.00M88.00M143.00M
deferred revenue0264.00M136.00M88.00M143.00M
other current liabilities5.178B4.681B4.549B2.889B1.92B
total current liabilities6.408B5.732B5.482B5.998B2.808B
long term debt8.987B9.121B9.369B6.951B5.993B
deferred revenue non current0429.00M436.00M10.00M7.335B
deferred tax liabilities non current2.883B3.046B3.094B2.987B1.696B
other non current liabilities8.001B8.216B8.315B10.355B992.00M
total non current liabilities19.871B20.383B20.778B20.303B16.016B
other liabilities00000
capital lease obligations549.00M429.00M436.00M544.00M512.00M
total liabilities26.279B26.115B26.26B26.301B18.824B
preferred stock00000
common stock1.84B1.851B1.855B1.854B1.281B
retained earnings-2.101B-2.585B-3.111B-2.996B623.00M
accumulated other comprehensive income loss21.00M-7.00M-16.00M14.00M8.00M
other total stockholders equity29.952B30.12B30.162B30.155B17.162B
total stockholders equity29.712B29.379B28.89B29.027B19.074B
total equity29.896B29.563B29.075B29.205B19.26B
total liabilities and stockholders equity56.175B55.678B55.335B55.506B38.084B
minority interest184.00M184.00M185.00M178.00M186.00M
total investments4.385B4.40B4.612B4.697B3.157B
total debt9.099B9.225B9.468B9.556B6.087B
net debt6.083B6.617B7.126B6.543B2.897B
Graph

NEM Cash Flow

A cash flow statement is regarded as a valuable indicator of profitability and the long-term outlook for a company. It assists the company in evaluating whether it has sufficient funds to cover its expenses. Essentially, a cash flow statement represents an organization's financial health. The cash flow statement, which measures the business's ability to operate in the short as well as long term, is broken down into operating, investing, and financing activities.

Date2024-09-302024-06-302024-03-312023-12-312023-09-30
reported currencyUSDUSDUSDUSDUSD
calendar year20242024202420232023
periodQ3Q2Q1Q4Q3
deferred income tax7.00M-95.00M53.00M-101.00M-24.00M
stock based compensation22.00M0-10.00M22.00M16.00M
change in working capital-209.00M-263.00M-666.00M-171.00M127.00M
accounts receivables-83.00M-140.00M-84.00M-531.00M114.00M
inventory-202.00M-185.00M-193.00M76.00M-2.00M
accounts payables69.00M-32.00M-91.00M-53.00M95.00M
other working capital7.00M94.00M-298.00M337.00M-80.00M
other non cash items273.00M1.967B2.343B2.157B241.00M
net cash provided by operating activities1.648B1.394B776.00M616.00M1.003B
investments in property plant and equipment-877.00M-800.00M-850.00M-920.00M-604.00M
acquisitions net-1.00M31.00M22.00M699.00M-26.00M
purchases of investments44.00M-88.00M-38.00M-24.00M-3.00M
sales maturities of investments-224.00M233.00M60.00M29.00M379.00M
other investing activites496.00M14.00M30.00M-2.00M1.00M
net cash used for investing activites-562.00M-610.00M-776.00M-218.00M-253.00M
debt repayment-155.00M-249.00M-35.00M-19.00M-16.00M
common stock issued000018.00M
common stock repurchased-344.00M-104.00M-10.00M0-2.00M
dividends paid-286.00M-289.00M-288.00M-461.00M-318.00M
other financing activites-4.00M-47.00M-68.00M-89.00M-63.00M
net cash used provided by financing activities-789.00M-689.00M-321.00M-569.00M-381.00M
effect of forex changes on cash-1.00M-11.00M-3.00M7.00M-5.00M
net change in cash414.00M266.00M-671.00M-178.00M364.00M
cash at end of period3.05B2.608B2.342B3.013B3.264B
cash at beginning of period2.636B2.342B3.013B3.191B2.90B
operating cashflow1.648B1.394B776.00M616.00M1.003B
capital expenditure-877.00M-800.00M-850.00M-920.00M-604.00M
free cash flow771.00M594.00M-74.00M-304.00M399.00M
Graph

Frequently Asked Questions

How did Newmont Corporation do last quarter? What was its Total Revenue and Cost of Revenue?

A company's Total Revenue reveals how much money it generates before any expenses or deductions are made. As a result, this metric informs investors/stakeholders how much money the business makes. Tracking and understanding it is essential for evaluating a company's growth. As opposed to revenue, Cost of Revenue is any expenses a business incur to generate revenue. There can be high revenue in a business, but if the costs are high, it won't make a profit and will go out of business when money runs out. Therefore, NEM generated $4.61B in revenue last quarter, while its costs came in at $3.15B.

Last quarter, how much Gross Profit did Newmont Corporation report?

A business's Gross Profit is a key indicator of its profitability and financial performance. In other words, it reflects how efficiently a business uses labor, raw materials, and other resources. Newmont Corporation reported a $1.46B Gross Profit for the quarter ended Sep 30, 2024.

Have NEM's Total Operating Expenses and Operating Income been favorable recently?

Operational Expenses represent the costs a company must incur to generate revenue, which is the ultimate goal of a business, whereas Operating Income shows the revenue left after operational direct and indirect costs have been deducted. NEM incurred $160.00M worth of Operating Expenses, while it generated $1.30B worth of Operating Income.

How much Net Income has NEM posted recently?

The Net Income of a company is one of the factors investors consider when investing in the company. According to recent earnings report from Newmont Corporation, the company generated $922.00M in Net Income. When a company has a history of consistent net income, investors are more likely to invest in it since they know they will get a return.

At the end of the last quarter, how much Cash and Equivalents did Newmont Corporation have?

The amount of Cash and Cash Equivalents is an effective indicator of the financial strength and well-being of a company. An excess cash situation occurs when a company has more cash and cash equivalents than it needs for operating activities. The amount of Cash and Cash Equivalents available to Newmont Corporation as of the end of the last quarter was $3.02B.

What are NEM's Total Net Receivables for the last quarter?

Total Net Receivables are a company's outstanding debts to its customers. Therefore, it refers to the amount that a company expects to collect from its customers. The higher a company's net receivables are, the more confident it is that it can collect money from its debtors. As of the end of the last quarter, NEM had Total Net Receivables of $974.00M.

In terms of Total Assets and Current Assets, where did Newmont Corporation stand at?

An asset with an economic value within a year is considered a current asset. Total assets, however, also include long-term fixed assets, intangible assets, and other non-current assets. The current Assets of NEM were $12.58B, while the Total Assets stand at $56.18B.

As of the last quarter, how much Total Debt did Newmont Corporation have?

The total debt of a business refers to how much it borrows. A company's current and long-term liabilities are added together to calculate its Total Debt. A debt ratio may be taken into account on a balance sheet by financial lenders, investors, and business leaders when making informed decisions about future loans or investments. The total amount of NEM's debt was $9.10B at the end of the last quarter.

What were NEM's Total Liabilities during the last reported quarter?

A company's total liabilities are the sum of all debts it is liable for, including any off-balance shee liabilities it may incur. This can be calculated by adding up all short-term and long-term liabilities. In its last quarter, NEM reported total liabilities of $26.28B.

How much did NEM's Working Capital change over the last quarter?

Working Capital Change for NEM was -$209.00M over the last quarter. Working Capital Change refers to the difference between net working capital amounts at the end of one accounting period and the end of another. It tells investors/stakeholders how much the company's cash flow will differ from its Net Income (i.e., after-tax profits). More powerful companies often have positive Change in Working Capital numbers as they have increased control over collecting cash from customers and delaying payments to suppliers.

NEM generated how much cash from operating activities?

An operating cash flow statement usually contains cash from operating activities in the first section. An organization's cash from operating activities refers to the money it takes in and takes out as a result of its regular business operations. NEM generated $1.65B of Cash from Operating Activities during its recently reported quarter.

What was NEM's latest reported Net Change in Cash?

An increase or decrease in cash and cash equivalent balances within a specified period is considered the net change in cash in a cash flow statement. Furthermore, it takes into account cash changes as a result of investments, financing, and operating activities. NEM reported a $414.00M Net Change in Cash in the most recent quarter.

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