Stock Analysis on Net
Stock Analysis on Net
Microsoft Excel LibreOffice Calc

Newmont Corp. (NYSE:NEM)

Balance Sheet: Liabilities and Stockholders’ Equity

Beginner level

The balance sheet provides creditors, investors, and analysts with information on company’s resources (assets) and its sources of capital (its equity and liabilities). It normally also provides information about the future earnings capacity of a company’s 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.

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

US$ in millions

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Dec 31, 2019 Dec 31, 2018 Dec 31, 2017 Dec 31, 2016 Dec 31, 2015
Accounts payable 539  303  375  320  396 
Employee-related benefits 361  305  309  304  293 
Income and mining taxes payable 162  71  248  153  38 
Current lease and other financing obligations 100  27  4  —  — 
Current debt —  626  —  566  149 
Accrued operating costs 210  129  124  99  105 
Reclamation and remediation liabilities 169  114  100  61  71 
Payables to joint venture partners 75  —  —  —  — 
Silver streaming agreement 69  —  —  —  — 
Royalties 60  63  63  52  63 
Accrued interest 60  52  52  57  71 
Accrued capital expenditures 58  61  77  53  121 
Taxes other than income and mining 47  8  7  8  9 
Current operating leases 28  —  —  —  — 
Holt royalty obligation 14  12  15  13  10 
Other 90  16  21  64  90 
Other current liabilities 880  455  459  407  540 
Current liabilities held for sale 343  —  —  —  — 
Current liabilities 2,385  1,787  1,395  1,750  1,416 
Non-current debt 6,138  3,418  4,040  4,049  6,087 
Non-current lease and other financing obligations 596  190  21  —  — 
Reclamation and remediation liabilities 3,464  2,481  2,154  2,029  1,800 
Deferred income tax liabilities 2,407  612  595  592  840 
Employee-related benefits 448  401  386  411  437 
Silver streaming agreement 1,058  —  —  —  — 
Income and mining taxes 445  17  47  50  78 
Holt royalty obligation 243  149  228  174  119 
Norte Abierto deferred payments 154  —  —  —  — 
Galore Creek deferred payments 92  89  —  —  — 
Non-current operating leases 47  —  —  —  — 
Social development obligations 18  18  22  25  29 
Power supply agreements —  28  32  31  31 
Other 62  13  13  46  53 
Other non-current liabilities 1,061  314  342  326  310 
Non-current liabilities 15,172  7,416  7,538  7,407  9,474 
Total liabilities 17,557  9,203  8,933  9,157  10,890 
Contingently redeemable noncontrolling interest 47  47  —  —  — 
Common stock, $1.60 par value 1,298  855  853  849  847 
Treasury shares (120) (70) —  —  — 
Additional paid-in capital 18,216  9,618  9,564  9,490  9,427 
Accumulated other comprehensive loss (265) (284) (292) (334) (334)
Retained earnings 2,291  383  484  716  1,410 
Total Newmont stockholders’ equity 21,420  10,502  10,609  10,721  11,350 
Noncontrolling interests 950  963  1,021  1,153  2,942 
Total equity 22,370  11,465  11,630  11,874  14,292 
Total liabilities and equity 39,974  20,715  20,563  21,031  25,182 

Based on: 10-K (filing date: 2020-02-20), 10-K (filing date: 2019-02-21), 10-K (filing date: 2018-02-22), 10-K (filing date: 2017-02-21), 10-K (filing date: 2016-02-17).

Balance sheet item Description The company
Current liabilities Total obligations incurred as part of normal operations that are expected to be paid during the following twelve months or within one business cycle, if longer. Newmont Corp.’s current liabilities increased from 2017 to 2018 and from 2018 to 2019.
Non-current liabilities Amount of obligation due after one year or beyond the normal operating cycle, if longer. Newmont Corp.’s non-current liabilities decreased from 2017 to 2018 but then increased from 2018 to 2019 exceeding 2017 level.
Total liabilities Sum of the carrying amounts as of the balance sheet date of all liabilities that are recognized. Liabilities are probable future sacrifices of economic benefits arising from present obligations of an entity to transfer assets or provide services to other entities in the future. Newmont Corp.’s total liabilities increased from 2017 to 2018 and from 2018 to 2019.
Total Newmont stockholders’ equity Total of all stockholders’ equity (deficit) items, net of receivables from officers, directors, owners, and affiliates of the entity which are attributable to the parent. The amount of the economic entity’s stockholders’ equity attributable to the parent excludes the amount of stockholders’ equity which is allocable to that ownership interest in subsidiary equity which is not attributable to the parent (noncontrolling interest, minority interest). This excludes temporary equity and is sometimes called permanent equity. Newmont Corp.’s total Newmont stockholders’ equity decreased from 2017 to 2018 but then increased from 2018 to 2019 exceeding 2017 level.