Stock Analysis on Net
Stock Analysis on Net

Newmont Corp. (NYSE:NEM)

$22.49

This company has been moved to the archive! The financial data has not been updated since April 29, 2024.

Balance Sheet: Liabilities and Stockholders’ Equity
Quarterly Data

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.

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Newmont Corp., consolidated balance sheet: liabilities and stockholders’ equity (quarterly data)

US$ in millions

Microsoft Excel
Mar 31, 2024 Dec 31, 2023 Sep 30, 2023 Jun 30, 2023 Mar 31, 2023 Dec 31, 2022 Sep 30, 2022 Jun 30, 2022 Mar 31, 2022 Dec 31, 2021 Sep 30, 2021 Jun 30, 2021 Mar 31, 2021 Dec 31, 2020 Sep 30, 2020 Jun 30, 2020 Mar 31, 2020 Dec 31, 2019 Sep 30, 2019 Jun 30, 2019 Mar 31, 2019
Accounts payable
Employee-related benefits
Income and mining taxes payable
Current finance lease and other financing obligations
Current debt
Other current liabilities
Current liabilities held for sale
Current liabilities
Non-current debt
Non-current finance lease and other financing obligations
Reclamation and remediation liabilities
Deferred income tax liabilities
Employee-related benefits
Silver streaming agreement
Other non-current liabilities
Non-current liabilities
Total liabilities
Contingently redeemable noncontrolling interest
Common stock
Treasury stock
Additional paid-in capital
Accumulated other comprehensive income (loss)
Retained earnings (accumulated deficit)
Total Newmont stockholders’ equity
Noncontrolling interests
Total equity
Total liabilities and equity

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).

Accounts Payable
The accounts payable demonstrated a generally increasing trend from March 2019 through December 2023, with some fluctuations. The balance rose from 287 million USD in early 2019 to a peak of 960 million USD at the end of 2023, then slightly declined to 698 million USD in March 2024, indicating increased short-term obligations over the period.
Employee-Related Benefits (Current)
Current employee-related benefits fluctuated moderately throughout the period, with values ranging from 230 million USD in March 2019 to a peak of 551 million USD in December 2023. This reflects periodic changes in short-term employee obligations, but no strong directional trend emerges.
Income and Mining Taxes Payable
This liability exhibited variability, increasing markedly from 96 million USD in March 2019 to 657 million USD in December 2020, followed by a downward movement to 88 million USD by December 2023. This trend may suggest shifts in taxable income or tax payments during the quarters.
Current Finance Lease and Other Financing Obligations
Current finance lease and related obligations remained relatively stable, with values near 100 million USD through several years, showing minor fluctuations but no definitive trend.
Current Debt
Current debt showed considerable variation, starting at 626 million USD in early 2019, then dropping to low levels such as 86 million USD in March 2020, with spikes in March 2021 (1042 million USD) and a notable surge to 1923 million USD in March 2024. The inconsistency signals shifts in short-term borrowing and repayments over the years.
Other Current Liabilities
Other current liabilities rose from 517 million USD in March 2019 to a high of 2362 million USD in December 2023, followed by decline to 1784 million USD in March 2024. This trend indicates a buildup of miscellaneous short-term obligations before some reduction in early 2024.
Current Liabilities Held for Sale
This category appeared only in December 2019 and March 2024 with respective amounts of 343 million USD and 2351 million USD, indicating assets or liabilities classified as held for sale during these periods.
Total Current Liabilities
Current liabilities increased overall from 1815 million USD in March 2019 to a substantial 5998 million USD in December 2023, then decreased slightly to 5482 million USD in March 2024. The general trend indicates an increase in short-term obligations over the five-year span.
Non-Current Debt
Non-current debt was elevated throughout the period, increasing significantly from 3420 million USD in March 2019 to 8933 million USD in March 2024. This steady increase reflects greater long-term borrowing over time.
Non-Current Finance Lease and Other Financing Obligations
These obligations fluctuated without a clear directional trend, moving between 268 million USD and around 500 million USD over the years. Minor declines were noticed toward 2024.
Reclamation and Remediation Liabilities
There was a consistent increase in reclamation and remediation liabilities, rising from 2499 million USD in March 2019 to a peak of 8167 million USD in December 2023, then falling to 6652 million USD in March 2024. This reflects the growing estimated costs related to environmental responsibilities, with some adjustment at the start of 2024.
Deferred Income Tax Liabilities
Deferred income tax liabilities showed volatility, peaking at 2965 million USD in September 2019 and dropping to about 1696 million USD by December 2023 before rising again to over 3000 million USD by March 2024. The fluctuations suggest changes in temporary differences or tax strategies.
Employee-Related Benefits (Non-Current)
Non-current employee-related benefits gradually increased from 415 million USD in March 2019 to 655 million USD in December 2023, indicating higher long-term employee obligations.
Silver Streaming Agreement
This liability started from 974 million USD in June 2019 and steadily declined to 753 million USD by March 2024, reflecting amortization or settlements related to the agreement.
Other Non-Current Liabilities
Other non-current liabilities saw an initial rise to over 1100 million USD in December 2019, followed by a downward trend reaching around 300 million USD in early 2024, indicating reductions in miscellaneous long-term obligations.
Total Non-Current Liabilities
This category increased from 7546 million USD in March 2019 to over 20,700 million USD by March 2024, with some fluctuations, indicating substantial growth in long-term liabilities overall.
Total Liabilities
Total liabilities rose significantly from 9361 million USD in March 2019 to over 26,000 million USD in late 2023 and early 2024, suggesting increased leveraging and financial obligations.
Contingently Redeemable Noncontrolling Interest
This item remained relatively small and stable between 34 million and 49 million USD through most of the period.
Common Stock
Common stock values remained relatively steady around 1270-1317 million USD from 2019 to 2023, then increased sharply to about 1855 million USD by March 2024, possibly reflecting new issuances or stock restructuring.
Treasury Stock
Treasury stock showed a steady increase in negative amounts, from -109 million USD in early 2019 to -274 million USD by March 2024, indicating ongoing share repurchases or treasury holdings.
Additional Paid-In Capital
Additional paid-in capital trended upward significantly, rising from 9632 million USD in March 2019 to over 30,400 million USD in early 2024, which may reflect new equity financing activities.
Accumulated Other Comprehensive Income (Loss)
This item improved from a negative balance (-269 million USD) in early 2019 to near zero or small positive figures toward 2023, before dipping slightly negative in early 2024, reflecting changing unrealized gains/losses in comprehensive income.
Retained Earnings (Accumulated Deficit)
Retained earnings were volatile, including a large increase from negative 25 million USD in June 2019 to over 4000 million USD in late 2020, followed by a steep decline to negative 3111 million USD by March 2024, indicating substantial losses or distributions impacting reserves.
Total Newmont Stockholders’ Equity
Stockholders’ equity increased from about 10,499 million USD in March 2019 to a peak near 23,000 million USD by early 2021, then declined to approximately 19,000 million USD by late 2023, before a sharp rise to about 29,000 million USD in early 2024, indicating fluctuations in net assets and equity structure.
Noncontrolling Interests
Noncontrolling interests remained minor relative to total equity, fluctuating from about 972 million USD in early 2019 to low or negative values near -209 million USD during 2021, recovering around 185 million USD by March 2024.
Total Equity
Total equity followed a similar pattern to stockholders’ equity, rising significantly through 2019-2021 before declining and then sharply increasing again in 2024, reflecting overall shifts in ownership interest and retained earnings.
Total Liabilities and Equity
This composite figure more than doubled over the span, growing from 20,880 million USD in early 2019 to over 55,000 million USD by early 2024, indicating a substantial expansion in the company's balance sheet size due to increases in both liabilities and equity.