Stock Analysis on Net

Newmont Corp. (NYSE:NEM)

Income Statement 

The income statement presents information on the financial results of a company business activities over a period of time. The income statement communicates how much revenue the company generated during a period and what cost it incurred in connection with generating that revenue.

Newmont Corp., consolidated income statement

US$ in millions

Microsoft Excel
12 months ended: Dec 31, 2023 Dec 31, 2022 Dec 31, 2021 Dec 31, 2020 Dec 31, 2019
Sales 11,812 11,915 12,222 11,497 9,740
Costs applicable to sales (6,699) (6,468) (5,435) (5,014) (5,195)
Depreciation and amortization (2,108) (2,185) (2,323) (2,300) (1,960)
Reclamation and remediation (1,533) (921) (1,846) (366) (280)
Gross profit 1,472 2,341 2,618 3,817 2,305
Exploration (265) (231) (209) (187) (265)
Advanced projects, research and development (200) (229) (154) (122) (150)
General and administrative (299) (276) (259) (269) (313)
Impairment charges (1,891) (1,320) (25) (49) (5)
Loss on assets held for sale (571)
Newcrest transaction and integration costs (464)
Restructuring and severance (24) (4) (11) (18) (7)
Settlement costs (7) (22) (11) (58) (5)
COVID-19 specific costs (1) (38) (87) (92)
Goldcorp transaction and integration costs (23) (217)
Nevada JV transaction and implementation costs (30)
Other (21) (18) (34) (193) (36)
Other expense, net (517) (82) (143) (384) (295)
Operating income (loss) (1,700) 203 1,257 2,806 1,277
Gain on formation of Nevada Gold Mines 2,390
Gain (loss) on asset and investment sales, net (197) 35 212 677 30
Interest income 148 78 18 24 57
Foreign currency exchange, net (56) (5) 23 (73) (7)
Change in fair value of investments (47) (46) (135) 252 166
Insurance Proceeds 37 14 38
Pension settlements (9) (137) (4) (92) 20
Charges from debt extinguishment (11) (77)
Impairment of investments (1) (93) (2)
Other 36 34 23 27 25
Other income (loss), net (88) (27) 125 645 327
Interest expense, net of capitalized interest (243) (227) (274) (308) (301)
Other income (expense) (331) (254) (149) 337 2,416
Income (loss) before income and mining tax and other items (2,031) (51) 1,108 3,143 3,693
Income and mining tax expense (526) (455) (1,098) (704) (832)
Equity income of affiliates 63 107 166 189 95
Net income (loss) from continuing operations (2,494) (399) 176 2,628 2,956
Net income (loss) from discontinued operations 27 30 57 163 (72)
Net income (loss) (2,467) (369) 233 2,791 2,884
Net (income) loss attributable to noncontrolling interests (27) (60) 933 38 (79)
Net income (loss) attributable to Newmont stockholders (2,494) (429) 1,166 2,829 2,805

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).

Income statement item Description The company
Sales Amount, including tax collected from customer, of revenue from satisfaction of performance obligation by transferring promised good or service to customer. Tax collected from customer is tax assessed by governmental authority that is both imposed on and concurrent with specific revenue-producing transaction, including, but not limited to, sales, use, value-added and excise. Newmont Corp. sales decreased from 2021 to 2022 and from 2022 to 2023.
Operating income (loss) The net result for the period of deducting operating expenses from operating revenues. Newmont Corp. operating income (loss) decreased from 2021 to 2022 and from 2022 to 2023.
Income (loss) before income and mining tax and other items Amount of income (loss) from continuing operations, including income (loss) from equity method investments, before deduction of income tax expense (benefit), and income (loss) attributable to noncontrolling interest. Newmont Corp. income (loss) before income and mining tax and other items decreased from 2021 to 2022 and from 2022 to 2023.
Net income (loss) attributable to Newmont stockholders The portion of profit or loss for the period, net of income taxes, which is attributable to the parent. Newmont Corp. net income (loss) attributable to Newmont stockholders decreased from 2021 to 2022 and from 2022 to 2023.