Name: Newmont Corp. (NYSE:NEM) | Balance Sheet: Assets
Creator: Stock Analysis on Net

Balance Sheet: Assets

The balance sheet provides creditors, investors, and analysts with information on company resources (assets) and its sources of capital (its equity and liabilities). It normally also provides information about the future earnings capacity of a company assets as well as an indication of cash flows that may come from receivables and inventories.

Assets are resources controlled by the company as a result of past events and from which future economic benefits are expected to flow to the entity.

Assets: Selected Items

Download chart

Current Assets: Selected Items

Download chart

Newmont Corp., consolidated balance sheet: assets

US$ in millions

	Dec 31, 2023	Dec 31, 2022	Dec 31, 2021	Dec 31, 2020	Dec 31, 2019
Cash and cash equivalents	3,002)	2,877)	4,992)	5,540)	2,243)
Time deposits and other investments	23)	880)	82)	290)	237)
Trade receivables	734)	366)	337)	449)	373)
Inventories	1,663)	979)	930)	963)	1,014)
Stockpiles and ore on leach pads	979)	774)	857)	827)	812)
Other receivables	493)	324)	—)	—)	—)
Derivative assets	198)	12)	—)	—)	—)
Other current assets	420)	303)	498)	436)	570)
Current assets held for sale	—)	—)	—)	—)	1,023)
Current assets	7,512)	6,515)	7,696)	8,505)	6,272)
Property, plant and mine development, net	37,563)	24,073)	24,124)	24,281)	25,276)
Investments	4,143)	3,278)	3,243)	3,197)	3,199)
Stockpiles and ore on leach pads	1,935)	1,716)	1,775)	1,705)	1,484)
Deferred income tax assets	268)	173)	269)	337)	549)
Goodwill	3,001)	1,971)	2,771)	2,771)	2,674)
Derivative assets	444)	196)	—)	—)	—)
Other non-current assets	640)	560)	686)	573)	520)
Non-current assets	47,994)	31,967)	32,868)	32,864)	33,702)
Total assets	55,506)	38,482)	40,564)	41,369)	39,974)

Based on: 10-K (reporting date: 2023-12-31), 10-K (reporting date: 2022-12-31), 10-K (reporting date: 2021-12-31), 10-K (reporting date: 2020-12-31), 10-K (reporting date: 2019-12-31).

Total assets remained relatively stable between 2019 and 2022, fluctuating within a range of 38.4 billion to 41.4 billion US dollars. However, a substantial increase is observed in 2023, with total assets rising to 55.5 billion US dollars, representing a significant expansion of the balance sheet.

Non-Current Asset Expansion: The most pronounced growth occurred within non-current assets, which climbed from 31.9 billion US dollars in 2022 to 47.9 billion US dollars in 2023. This surge was primarily driven by Property, plant and mine development, net, which increased from 24.1 billion US dollars to 37.6 billion US dollars over the same period. Additionally, goodwill rose to 3.0 billion US dollars in 2023 after a decline in 2022, suggesting significant capital expenditure or acquisition activity during the final year of the period.
Liquidity and Cash Management: Cash and cash equivalents peaked in 2020 at 5.5 billion US dollars before trending downward to 2.9 billion US dollars in 2022 and stabilizing at 3.0 billion US dollars in 2023. Time deposits and other investments exhibited high volatility, peaking at 880 million US dollars in 2022 before dropping sharply to 23 million US dollars by the end of 2023.
Working Capital Trends: Current assets showed an upward trend in 2023, reaching 7.5 billion US dollars. This was supported by a sharp increase in trade receivables, which rose to 734 million US dollars from 366 million US dollars in 2022. Inventories also experienced a significant spike in 2023, increasing to 1.66 billion US dollars from 979 million US dollars in the prior year.
Other Asset Observations: Derivative assets, both current and non-current, showed marked increases in 2023, totaling 642 million US dollars combined, compared to 208 million US dollars in 2022. Conversely, deferred income tax assets showed a general downward trend from 2019 to 2022 before a slight recovery to 268 million US dollars in 2023.

AI Ask an analyst for more

Hi, I’m an AI-powered financial analyst at Stock Analysis on Net.

How can I help you?