Name: Newmont Corp. (NYSE:NEM) | Liabilities and Stockholders’ Equity
Creator: Stock Analysis on Net

Balance Sheet: Liabilities and Stockholders’ Equity

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.

Liabilities represents obligations of a company arising from past events, the settlement of which is expected to result in an outflow of economic benefits from the entity.

Download chart

Newmont Corp., consolidated balance sheet: liabilities and stockholders’ equity

US$ in millions

	Dec 31, 2023	Dec 31, 2022	Dec 31, 2021	Dec 31, 2020	Dec 31, 2019
Accounts payable	960)	633)	518)	493)	539)
Employee-related benefits	551)	399)	386)	380)	361)
Income and mining taxes	88)	199)	384)	657)	162)
Current finance lease and other financing obligations	114)	96)	106)	106)	100)
Current debt	1,923)	—)	87)	551)	—)
Reclamation and remediation liabilities	619)	526)	273)	214)	169)
Accrued operating costs	473)	370)	201)	285)	210)
Accrued capital expenditures	320)	221)	155)	144)	58)
Stamp duty on Newcrest transaction	316)	—)	—)	—)	—)
Accrued royalties	137)	80)	—)	—)	—)
Payables to NGM	91)	73)	114)	94)	75)
Silver streaming agreement	87)	80)	71)	67)	69)
Other	319)	249)	359)	378)	299)
Other current liabilities	2,362)	1,599)	1,173)	1,182)	880)
Current liabilities held for sale	—)	—)	—)	—)	343)
Current liabilities	5,998)	2,926)	2,654)	3,369)	2,385)
Non-current debt	6,951)	5,571)	5,565)	5,480)	6,138)
Non-current finance lease and other financing obligations	448)	465)	544)	565)	596)
Reclamation and remediation liabilities	8,167)	6,578)	5,839)	3,818)	3,464)
Deferred income tax liabilities	2,987)	1,809)	2,144)	2,073)	2,407)
Employee-related benefits	655)	342)	439)	493)	448)
Silver streaming agreement	779)	828)	910)	993)	1,058)
Income and mining taxes	177)	206)	328)	382)	445)
Norte Abierto deferred payments	10)	94)	102)	123)	154)
Other	129)	130)	178)	194)	462)
Other non-current liabilities	316)	430)	608)	699)	1,061)
Non-current liabilities	20,303)	16,023)	16,049)	14,121)	15,172)
Total liabilities	26,301)	18,949)	18,703)	17,490)	17,557)
Contingently redeemable noncontrolling interest	—)	—)	48)	34)	47)
Common stock, $1.60 par value	1,854)	1,279)	1,276)	1,287)	1,298)
Treasury stock	(264)	(239)	(200)	(168)	(120)
Additional paid-in capital	30,419)	17,369)	17,981)	18,103)	18,216)
Accumulated other comprehensive income (loss)	14)	29)	(133)	(216)	(265)
Retained earnings (accumulated deficit)	(2,996)	916)	3,098)	4,002)	2,291)
Total Newmont stockholders’ equity	29,027)	19,354)	22,022)	23,008)	21,420)
Noncontrolling interests	178)	179)	(209)	837)	950)
Total equity	29,205)	19,533)	21,813)	23,845)	22,370)
Total liabilities and equity	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).

The balance sheet demonstrates a significant expansion in total liabilities and equity, increasing from US$ 39,974 million in 2019 to US$ 55,506 million by the end of 2023. This growth is most pronounced between 2022 and 2023, characterized by a substantial rise in both total liabilities and total equity, coinciding with the Newcrest transaction.

Liability Structure and Trends: Total liabilities grew from US$ 17,557 million in 2019 to US$ 26,301 million in 2023. A sharp increase is observed in current liabilities during 2023, which more than doubled from US$ 2,926 million in 2022 to US$ 5,998 million. This surge is primarily driven by a spike in current debt to US$ 1,923 million and an increase in accounts payable to US$ 960 million. The appearance of US$ 316 million in stamp duty related to the Newcrest transaction further identifies the cause of this short-term obligation increase.; Non-current liabilities rose from US$ 15,172 million in 2019 to US$ 20,303 million in 2023. A consistent and significant upward trend is noted in reclamation and remediation liabilities, which grew from US$ 3,464 million in 2019 to US$ 8,167 million in 2023, indicating an escalation in long-term environmental obligations. Non-current debt also experienced a notable increase in 2023, reaching US$ 6,951 million compared to US$ 5,571 million in the previous year.
Equity and Capitalization: Total equity expanded from US$ 22,370 million in 2019 to US$ 29,205 million in 2023. This increase is largely attributed to a substantial rise in additional paid-in capital, which jumped from US$ 17,369 million in 2022 to US$ 30,419 million in 2023, suggesting significant equity financing to support corporate acquisitions.; A contrasting trend is observed in retained earnings, which transitioned from a surplus of US$ 2,291 million in 2019 to an accumulated deficit of US$ 2,996 million by 2023. The most severe decline occurred between 2022 and 2023, where retained earnings shifted from a positive US$ 916 million to a negative US$ 2,996 million.
Operational Obligations: Current operating payables, including accounts payable, accrued operating costs, and accrued capital expenditures, all showed an upward trajectory in 2023. Accrued capital expenditures increased steadily over the five-year period, rising from US$ 58 million in 2019 to US$ 320 million in 2023. Silver streaming agreements have seen a gradual decline in their non-current valuation, decreasing from US$ 1,058 million in 2019 to US$ 779 million in 2023.

AI Ask an analyst for more

My previous chats

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

How can I help you?