Cash Flow Statement
Quarterly Data

The cash flow statement provides information about a company cash receipts and cash payments during an accounting period, showing how these cash flows link the ending cash balance to the beginning balance shown on the company balance sheet.

The cash flow statement consists of three parts: cash flows provided by (used in) operating activities, cash flows provided by (used in) investing activities, and cash flows provided by (used in) financing activities.

Newmont Corp., consolidated cash flow statement (quarterly data)

US$ in millions

3 months ended:	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
Net income (loss)	179)	(3,148)	163)	155)	363)	(1,458)	220)	400)	469)	(764)	(243)	661)	579)	764)	856)	347)	824)	561)	2,204)	—)	119)
Depreciation and amortization	654)	681)	480)	486)	461)	571)	508)	559)	547)	639)	570)	561)	553)	615)	592)	528)	565)	613)	548)	487)	312)
Loss on assets held for sale	485)	—)	—)	—)	—)	—)	—)	—)	—)	—)	571)	—)	—)	—)	—)	—)	—)	—)	—)	—)	—)
Gain on formation of Nevada Gold Mines	—)	—)	—)	—)	—)	—)	—)	—)	—)	—)	—)	—)	—)	—)	—)	—)	—)	(24)	(2,366)	—)	—)
Net (income) loss from discontinued operations	(4)	(12)	(1)	(2)	(12)	(11)	5)	(8)	(16)	(15)	(11)	(10)	(21)	(18)	(228)	68)	15)	(28)	48)	26)	26)
Reclamation and remediation	94)	1,219)	167)	59)	61)	743)	46)	46)	57)	1,619)	112)	53)	43)	246)	35)	37)	35)	107)	56)	68)	27)
Deferred income taxes	53)	(101)	(24)	6)	15)	(133)	(34)	(70)	(41)	(99)	(24)	39)	(25)	(150)	72)	(26)	(118)	(88)	435)	(34)	21)
Stock-based compensation	—)	22)	16)	23)	19)	16)	17)	22)	18)	17)	17)	21)	17)	17)	17)	17)	21)	21)	22)	35)	19)
Change in fair value of investments	(31)	5)	41)	42)	(41)	(45)	(5)	135)	(39)	(45)	96)	(26)	110)	(61)	(57)	(227)	93)	(91)	(19)	(35)	(21)
(Gain) loss on asset and investment sales, net	—)	231)	2)	—)	(36)	(61)	(9)	—)	35)	(166)	(3)	—)	(43)	(84)	(1)	1)	(593)	2)	1)	(32)	(1)
Charges from pension settlement	—)	9)	—)	—)	—)	7)	—)	—)	130)	4)	—)	—)	—)	—)	—)	—)	—)	—)	—)	—)	—)
Impairment charges	—)	1,891)	—)	—)	—)	1,320)	—)	—)	—)	25)	—)	—)	—)	49)	—)	—)	—)	1)	4)	—)	—)
Other non-cash adjustments	12)	(10)	30)	(6)	13)	90)	28)	(14)	(6)	47)	35)	(40)	(47)	63)	143)	68)	70)	34)	10)	55)	62)
Net change in operating assets and liabilities	(666)	(171)	127)	(107)	(362)	(29)	(310)	(37)	(465)	37)	13)	(266)	(325)	245)	168)	(145)	27)	100)	(150)	(269)	10)
Non-cash adjustments	597)	3,764)	838)	501)	118)	2,468)	246)	633)	220)	2,063)	1,376)	332)	262)	922)	741)	321)	115)	647)	(1,411)	301)	455)
Net cash provided by operating activities	776)	616)	1,001)	656)	481)	1,010)	466)	1,033)	689)	1,299)	1,133)	993)	841)	1,686)	1,597)	668)	939)	1,208)	793)	301)	574)
Additions to property, plant and mine development	(850)	(920)	(604)	(616)	(526)	(646)	(529)	(519)	(437)	(441)	(398)	(415)	(399)	(398)	(296)	(280)	(328)	(430)	(428)	(380)	(225)
Proceeds from asset and investment sales	35)	15)	5)	33)	181)	130)	16)	32)	9)	167)	26)	22)	63)	21)	37)	20)	1,385)	9)	3)	80)	5)
Return of investment from equity method investees	25)	6)	—)	30)	—)	10)	13)	26)	13)	—)	—)	—)	18)	15)	—)	—)	43)	49)	3)	80)	—)
Purchases of investments	(23)	(6)	(3)	(17)	(525)	(275)	(657)	(4)	(4)	(41)	(2)	(12)	(4)	(4)	—)	(21)	(12)	(18)	(8)	(33)	(53)
Contributions to equity method investees	(15)	(18)	(26)	(23)	(41)	(42)	(61)	(39)	(52)	(36)	(42)	(45)	(27)	(44)	(2)	(9)	(5)	—)	—)	—)	—)
Proceeds from maturities of investments	—)	8)	374)	424)	557)	93)	—)	—)	—)	—)	—)	—)	—)	—)	—)	—)	—)	—)	—)	—)	—)
Acquisitions, net	—)	668)	—)	—)	—)	—)	—)	(15)	—)	—)	—)	(328)	—)	—)	—)	—)	—)	—)	6)	121)	—)
Other	30)	(2)	1)	11)	12)	4)	(5)	4)	(48)	—)	26)	1)	(1)	(1)	(1)	6)	40)	(19)	(14)	28)	(2)
Net cash (used in) provided by investing activities	(798)	(249)	(253)	(158)	(342)	(726)	(1,223)	(515)	(519)	(351)	(390)	(777)	(350)	(411)	(262)	(284)	1,123)	(409)	(438)	(104)	(275)
Proceeds from issuance of debt, net	3,476)	—)	—)	—)	—)	—)	—)	—)	—)	992)	—)	—)	—)	—)	—)	—)	985)	—)	690)	—)	—)
Repayment of debt	(3,423)	—)	—)	—)	—)	—)	—)	—)	(89)	(832)	—)	(550)	—)	—)	—)	(90)	(1,070)	(626)	—)	(1,250)	—)
Dividends paid to common stockholders	(288)	(461)	(318)	(318)	(318)	(436)	(437)	(437)	(436)	(436)	(440)	(440)	(441)	(320)	(201)	(201)	(112)	(114)	(109)	(590)	(76)
Distributions to noncontrolling interests	(41)	(43)	(41)	(32)	(34)	(51)	(37)	(44)	(59)	(45)	(58)	(43)	(54)	(54)	(55)	(42)	(46)	(49)	(44)	(49)	(44)
Funding from noncontrolling interests	22)	31)	32)	34)	41)	28)	33)	24)	32)	27)	25)	18)	30)	30)	27)	27)	28)	18)	29)	20)	26)
Payments on finance lease and other financing obligations	(18)	(19)	(16)	(16)	(16)	(16)	(16)	(15)	(19)	(19)	(18)	(18)	(18)	(17)	(16)	(17)	(16)	(18)	(11)	(16)	(10)
Payments for Norte Abierto deferred payment obligation	—)	(64)	—)	—)	—)	—)	—)	—)	—)	—)	—)	—)	—)	—)	—)	—)	—)	—)	—)	—)	—)
Payments for withholding of employee taxes related to stock-based compensation	(10)	(1)	(2)	—)	(22)	(1)	(2)	—)	(36)	(1)	(2)	(1)	(28)	(3)	(6)	(3)	(36)	(2)	(3)	(6)	(39)
Acquisition of noncontrolling interests	—)	—)	—)	—)	—)	—)	—)	(48)	(300)	—)	—)	—)	—)	—)	—)	—)	—)	—)	—)	—)	—)
Repurchases of common stock	—)	—)	—)	—)	—)	—)	—)	—)	—)	(277)	(114)	(134)	—)	(200)	—)	—)	(321)	(479)	—)	—)	—)
Other	(17)	19)	(36)	(2)	(1)	(3)	(1)	(2)	12)	(4)	(90)	13)	—)	3)	9)	35)	2)	(1)	(22)	(2)	—)
Net cash used in financing activities	(299)	(538)	(381)	(334)	(350)	(479)	(460)	(522)	(895)	(595)	(697)	(1,155)	(511)	(561)	(242)	(291)	(586)	(1,271)	530)	(1,893)	(143)
Net cash provided by (used in) operating activities of discontinued operations	—)	—)	2)	7)	—)	—)	7)	10)	5)	—)	11)	2)	—)	—)	(1)	(4)	(3)	(3)	(2)	(2)	(3)
Net cash used in investing activities of discontinued operations	—)	—)	—)	—)	—)	—)	—)	—)	—)	—)	—)	—)	—)	—)	(75)	—)	—)	—)	—)	—)	—)
Net cash provided by (used in) discontinued operations	—)	—)	2)	7)	—)	—)	7)	10)	5)	—)	11)	2)	—)	—)	(76)	(4)	(3)	(3)	(2)	(2)	(3)
Net change in cash, cash equivalents and restricted cash, including cash and restricted cash reclassified to assets held for sale	(3)	7)	(5)	4)	(8)	(1)	(20)	(12)	3)	(5)	(3)	2)	(2)	2)	4)	4)	(4)	1)	(2)	1)	(3)
Cash and restricted cash reclassified to assets held for sale	(395)	—)	—)	—)	—)	—)	—)	—)	—)	—)	—)	—)	—)	—)	—)	—)	—)	—)	—)	—)	—)
Net change in cash, cash equivalents and restricted cash	(719)	(164)	364)	175)	(219)	(196)	(1,230)	(6)	(717)	348)	54)	(935)	(22)	716)	1,021)	93)	1,469)	(474)	881)	(1,697)	150)

Net Income (Loss): Net income exhibited notable volatility over the periods, with pronounced positive peaks in the third quarter of 2019 and the fourth quarter of 2020, reaching values above 800 million USD. Noteworthy losses occurred in the final quarter of 2023 (approximately -3.1 billion USD) and oscillating negative values were evidenced in certain quarters such as the last quarter of 2022. The fluctuations suggest susceptibility to non-operational events or market conditions impacting profitability on a quarter-to-quarter basis.
Depreciation and Amortization: This non-cash expense maintained relatively stable trends throughout the entire period, mostly fluctuating within the range of 450 to 680 million USD quarterly. A slight upward trend towards the end of the timeframe is observable, indicating consistent asset utilization and possible capital expenditure effects.
Impairment Charges: Periodic spikes in impairment charges are visible, notably a significant increase in the fourth quarter of 2022 and continuing to the last quarter of 2023, with values surpassing 1.3 billion USD and even 1.8 billion USD respectively. Such charges can indicate asset write-downs due to declining asset values or operational difficulties.
Net Cash Provided by Operating Activities: Operating cash flow showed periodic strength with peaks surpassing 1.5 billion USD in late 2019 and late 2020 but experienced considerable volatility. Lower values were observed in several quarters subsequently, with occasional rebound. Overall, operating cash generation appears to correspond with varying net income but remains robust despite earnings volatility.
Additions to Property, Plant and Mine Development: Capital expenditures exhibited an increasing trend, particularly worsening in magnitude toward the end of the dataset, with the highest outflow recorded in the first quarter of 2024, reaching approximately -920 million USD. This indicates ongoing investment in long-lived assets, possibly expansion or modernization efforts.
Net Cash Used in Investing Activities: Investing cash flows were highly variable, with significant positive inflows around the first quarter of 2020 due to asset sales or similar activities. However, recurrent negative outflows dominate the latter periods, reflecting consistent investment in fixed assets and other commitments. The large positive spike in early 2020 contrasts with general investing cash consumption in other quarters.
Net Cash Used in Financing Activities: Financing cash flows present substantial outflows in multiple quarters, especially during 2019 and 2021, indicating repayments of debt and dividend payments as primary uses of funds. Periodic net proceeds from debt issuance are observed but do not consistently offset repayments. Share repurchases were notable particularly in 2019 and 2020, contributing to financing outflows.
Dividends Paid: Dividends paid to common stockholders remained relatively steady, mostly between -300 and -460 million USD per quarter, with a sharp increase to -590 million in the second quarter of 2019. The consistency of dividend payments despite net income variability highlights a commitment to returning capital to shareholders.
Reclamation and Remediation Expenses: These expenses demonstrated a marked increase in certain quarters, notably in the fourth quarter of 2021 and again in the final quarter of 2022, with values exceeding 700 million and peaking over 1200 million USD. The sporadic nature and large magnitude suggest considerable environmental or site closure-related costs impacting specific periods.
Non-Cash Adjustments: Non-cash adjustments fluctuated significantly, including large positive adjustments in the fourth quarter of 2022 and the last quarter of 2023, exceeding 2.4 billion USD and 3.7 billion USD respectively. This variation implies substantial accounting entries related to asset valuations, stock-based compensation, or other non-operating factors influencing reported cash flow from operations.
Net Change in Operating Assets and Liabilities: Changes in working capital components were inconsistent, with negative and positive swings indicating varying liquidity and operational cycles. Pronounced negative swings occurred in the first quarter of 2022 and again in the first quarter of 2024, potentially signaling tightening liquidity or shifts in accounts receivable/payable balances.
Proceeds from Sale of Assets and Investments: Significant one-time proceeds from asset sales were evident in early 2020, reaching nearly 1.4 billion USD, which may explain the strong investing cash inflow during that period. Subsequent quarters showed smaller but consistent inflows indicative of continued asset disposition activity.
Debt Issuance and Repayment: Debt issuance occurred sporadically, with large inflows in the second quarter of 2020 and 2024, notably exceeding 3.4 billion USD in the first quarter of 2024. Debt repayments were generally consistent and substantial throughout the periods, sometimes surpassing issuance amounts, suggesting an overall deleveraging strategy or refinancing activities.
Stock-Based Compensation and Related Expenses: Stock-based compensation remained relatively stable at low levels quarter-over-quarter, with minor fluctuations. Payments related to employee tax withholding on stock compensation varied without a consistent trend and were generally minor compared to other items.
Cash and Cash Equivalents: The net change in cash equivalents exhibited high variability, featuring both minor increases and decreases without a sustained trend. Some quarters recorded significant negative movements correlated with financing or investing cash outflows. The variability aligns with the overall cash flow volatility of the company.
Overall Financial Trends: The dataset depicts a company experiencing significant quarter-to-quarter volatility in profitability and cash flows, driven by impairment charges, asset sales, reclamation costs, and financing activities. Capital expenditures and environmental liabilities appear to be increasing, while the company maintains steady dividend payments and manages debt actively. Large non-cash adjustments suggest substantial accounting intricacies affecting reported earnings and cash flows. The financial performance demonstrates sensitivity to external factors and strategic transactions impacting operating and investing results.

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Newmont Corp. (NYSE:NEM)

Cash Flow Statement Quarterly Data

Cash Flow Statement
Quarterly Data