Income Statement
Quarterly Data
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.
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- Cash Flow Statement
- Common-Size Balance Sheet: Assets
- Analysis of Profitability Ratios
- Analysis of Short-term (Operating) Activity Ratios
- Analysis of Geographic Areas
- Common Stock Valuation Ratios
- Enterprise Value to EBITDA (EV/EBITDA)
- Dividend Discount Model (DDM)
- Net Profit Margin since 2005
- Current Ratio since 2005
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Newmont Corp., consolidated income statement (quarterly data)
US$ in millions
Based on: 10-Q (reporting date: 2024-03-31), 10-K (reporting date: 2023-12-31), 10-Q (reporting date: 2023-09-30), 10-Q (reporting date: 2023-06-30), 10-Q (reporting date: 2023-03-31), 10-K (reporting date: 2022-12-31), 10-Q (reporting date: 2022-09-30), 10-Q (reporting date: 2022-06-30), 10-Q (reporting date: 2022-03-31), 10-K (reporting date: 2021-12-31), 10-Q (reporting date: 2021-09-30), 10-Q (reporting date: 2021-06-30), 10-Q (reporting date: 2021-03-31), 10-K (reporting date: 2020-12-31), 10-Q (reporting date: 2020-09-30), 10-Q (reporting date: 2020-06-30), 10-Q (reporting date: 2020-03-31), 10-K (reporting date: 2019-12-31), 10-Q (reporting date: 2019-09-30), 10-Q (reporting date: 2019-06-30), 10-Q (reporting date: 2019-03-31).
- Sales
- Sales figures demonstrate a generally fluctuating trend with significant increases and decreases over the analyzed periods. After reaching a peak around the end of 2020, sales saw variability before a sharp rise in the first quarter of 2024.
- Costs applicable to sales
- Costs show a similar fluctuating pattern with notable increases in the most recent quarters, peaking sharply near the end of 2023, which may have compressed profit margins during these periods.
- Depreciation and amortization
- This expense remained relatively stable over time, with minor variations but no clear upward or downward trend, indicating consistent asset base usage.
- Reclamation and remediation
- Costs related to reclamation and remediation exhibit considerable variability, with some quarters showing sharp increases, notably in late 2021 and late 2023, suggesting episodic environmental or regulatory expenses.
- Gross profit
- Gross profit generally follows the trend of sales but is affected by rising costs in certain quarters. Notably, large negative gross profit was recorded in the last quarter of 2021 and early 2024, indicating periods of loss at the gross margin level.
- Exploration expenses
- Exploration expenses remain fairly steady across all quarters without significant spikes, reflecting a consistent investment in exploration activities.
- Advanced projects, research and development
- These costs demonstrate slight increases in volatility, particularly with a notable increase in the latter half of 2022, but overall remain within a moderate range.
- General and administrative expenses
- General and administrative costs show moderate fluctuations but generally maintain a stable level, with some increase in the most recent quarters.
- Impairment charges
- Impairment charges are absent in many quarters but display significant negative spikes in specific periods including the last quarter of 2021 and late 2023, suggesting occasional substantial write-downs.
- Loss on assets held for sale
- Losses under this item appear intermittently with notable impacts in some quarters, such as late 2021 and early 2024, indicating asset disposals at a loss during these times.
- Other expense, net
- Net other expenses vary substantially, with large negative amounts in mid-2020 and late 2023, implying irregular and substantial miscellaneous charges or losses during those periods.
- Operating income (loss)
- Operating income exhibits considerable volatility, with notably positive values interspersed with sharp losses including a significant negative figure in the last quarter of 2021 and an extreme loss late in 2023, corresponding to impairment and other expenses.
- Gain on formation of Nevada Gold Mines
- A major gain was recorded in the third quarter of 2019, which stands out as a one-time event boosting that quarter’s financial results significantly.
- Other income (loss), net
- Other income and losses fluctuate with no clear pattern, showing both positive and negative values, including a severe negative value in late 2023, contributing to volatility in pre-tax income.
- Interest expense, net of capitalized interest
- Interest expenses generally trend downward over the period, suggesting improvements in debt management or lower interest rates, although recent quarters show slight increases.
- Other income (expense)
- This category displays high variability with several large positive spikes in 2019 and notable negative values in late 2023, indicating irregular income or expense items affecting net results.
- Income (loss) before income and mining tax and other items
- Pre-tax income demonstrates substantial variability, with peaks driven by one-time gains and substantial declines associated with impairments and other charges, significantly impacting the company’s profitability across quarters.
- Income and mining tax (expense) benefit
- Tax expenses fluctuate in relation to pre-tax income, with some quarters showing tax benefits or reduced expenses corresponding to losses or reduced taxable income. Spikes in tax expense align with profitable quarters.
- Equity income (loss) of affiliates
- Equity income from affiliates remains relatively stable and positive, contributing moderately to overall net income throughout the periods examined.
- Net income (loss) from continuing operations
- Net income from continuing operations follows a pattern similar to operating income, with substantial positive earnings in many quarters but also large losses especially at the end of 2021 and late 2023, reflecting operational and impairment impacts.
- Net income (loss) from discontinued operations
- This item is minor relative to continuing operations and generally fluctuates near zero, with no significant impact on overall net income.
- Net income (loss)
- Overall net income mirrors the trends of continuing operations, showing strong performance dominated by the gain on Nevada Gold Mines in 2019, followed by periods of volatility and losses linked to impairments and other expenses.
- Net (income) loss attributable to noncontrolling interests
- Amounts related to noncontrolling interests are generally small relative to net income but show occasional spikes suggesting minor variability in minority ownership results.
- Net income (loss) attributable to Newmont stockholders
- Net income attributable to shareholders reflects the compounded effects of operational results, impairments, and one-off gains, showing substantial volatility. Particularly sharp declines are observed at the end of 2021 and late 2023, while early 2024 exhibits a recovery.