Statement of Comprehensive Income
Comprehensive income is the change in equity (net assets) of a business enterprise during a period from transactions and other events and circumstances from non-owners sources. It includes all changes in equity during a period except those resulting from investments by owners and distributions to owners.
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- Income Statement
- Cash Flow Statement
- Analysis of Geographic Areas
- Enterprise Value to FCFF (EV/FCFF)
- Present Value of Free Cash Flow to Equity (FCFE)
- Selected Financial Data since 2005
- Return on Equity (ROE) since 2005
- Current Ratio since 2005
- Price to Earnings (P/E) since 2005
- Price to Sales (P/S) since 2005
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Newmont Corp., consolidated statement of comprehensive income
US$ in millions
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).
- Net Income (Loss)
- The net income exhibited a declining trend over the examined period. From a high of 2884 million US dollars in 2019, it decreased to 2791 million in 2020, followed by a sharp drop to 233 million in 2021. The company experienced net losses in 2022 and 2023, with values of -369 million and -2467 million, respectively, indicating increasing financial challenges in recent years.
- Change in Marketable Securities, Net of Tax
- This item showed minor fluctuations with small positive and negative values, lacking a consistent trend. Values alternated between positive and negative from 2019 to 2022, and data for 2023 was unavailable, suggesting a relatively stable and marginal impact on the overall financial outcomes.
- Foreign Currency Translation Adjustments
- Foreign currency translation adjustments fluctuated over the period, with minor positive and negative values. The adjustments ranged from 1 million in 2019 to -5 million in 2023, with an observed peak of 7 million in 2022. This variability points to the influence of exchange rate movements on comprehensive income, with no clear directional trend.
- Change in Pension and Other Post-Retirement Benefits, Net of Tax
- This component generally increased from negative 19 million in 2019 to a peak of 139 million in 2022, before declining sharply to -9 million in 2023. The rising values through 2022 suggest growing pension and other post-retirement benefits obligations or changes in assumptions, followed by a significant reversal in the last year.
- Change in Cash Flow Hedges, Net of Tax
- Changes in cash flow hedges showed a declining trend from 32 million in 2019 down to -1 million in 2023. Despite some fluctuations, the positive values generally decreased over time, indicating diminishing gains or increasing losses associated with hedge accounting adjustments.
- Other Comprehensive Income (Loss)
- Other comprehensive income increased substantially from 19 million in 2019 to 162 million in 2022, before reversing to a negative 15 million in 2023. This pattern correlates with changes in pension benefits and cash flow hedges, suggesting volatility in components excluded from net income but impacting overall comprehensive earnings.
- Comprehensive Income (Loss)
- Comprehensive income mirrored net income trends, starting at 2903 million in 2019 and remaining relatively stable at 2840 million in 2020. It then declined sharply to 316 million in 2021, moved into losses in 2022 (-207 million), and extended losses in 2023 (-2482 million). This reflects the combined effects of net income declines and volatility in other comprehensive income components.
- Comprehensive (Income) Loss Attributable to Noncontrolling Interests
- Attributable comprehensive income to noncontrolling interests was volatile, ranging from -79 million in 2019, to a positive 933 million in 2021, then negative again in 2022 and 2023. The substantial positive figure in 2021 suggests a significant one-time impact or reclassification involving noncontrolling interests in that year.
- Comprehensive Income (Loss) Attributable to Newmont Stockholders
- The comprehensive income attributable to stockholders followed a declining trajectory similar to overall comprehensive income. It started at 2824 million in 2019, peaked slightly at 2878 million in 2020, then fell sharply to 1249 million in 2021. Negative values in 2022 (-267 million) and 2023 (-2509 million) indicate worsening financial performance attributable directly to the parent company's shareholders.