Selected Financial Data
since 2005
Income Statement
Newmont Corp., selected items from income statement, long-term trends
US$ in millions
| 12 months ended: | Sales | Net income (loss) attributable to Newmont stockholders |
|---|---|---|
| Dec 31, 2023 | 11,812) | (2,494) |
| Dec 31, 2022 | 11,915) | (429) |
| Dec 31, 2021 | 12,222) | 1,166) |
| Dec 31, 2020 | 11,497) | 2,829) |
| Dec 31, 2019 | 9,740) | 2,805) |
| Dec 31, 2018 | 7,253) | 341) |
| Dec 31, 2017 | 7,348) | (98) |
| Dec 31, 2016 | 6,711) | (627) |
| Dec 31, 2015 | 7,729) | 220) |
| Dec 31, 2014 | 7,292) | 508) |
| Dec 31, 2013 | 8,322) | (2,462) |
| Dec 31, 2012 | 9,868) | 1,809) |
| Dec 31, 2011 | 10,358) | 366) |
| Dec 31, 2010 | 9,540) | 2,277) |
| Dec 31, 2009 | 7,705) | 1,297) |
| Dec 31, 2008 | 6,199) | 853) |
| Dec 31, 2007 | 5,526) | (1,886) |
| Dec 31, 2006 | 4,987) | 791) |
| Dec 31, 2005 | 4,406) | 322) |
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), 10-K (reporting date: 2018-12-31), 10-K (reporting date: 2017-12-31), 10-K (reporting date: 2016-12-31), 10-K (reporting date: 2015-12-31), 10-K (reporting date: 2014-12-31), 10-K (reporting date: 2013-12-31), 10-K (reporting date: 2012-12-31), 10-K (reporting date: 2011-12-31), 10-K (reporting date: 2010-12-31), 10-K (reporting date: 2009-12-31), 10-K (reporting date: 2008-12-31), 10-K (reporting date: 2007-12-31), 10-K (reporting date: 2006-12-31), 10-K (reporting date: 2005-12-31).
- Sales Trend
- Sales exhibited a generally increasing trend from 2005 through 2011, rising from $4,406 million to a peak of $10,358 million in 2011. After 2011, sales declined notably through 2014, reaching a low of $7,292 million. This was followed by fluctuations in the range of approximately $6,700 million to $7,700 million up to 2018. From 2018 onwards, there was a strong upward movement peaking at $12,222 million by 2021, after which sales slightly decreased but remained relatively stable around $11,000 to $12,000 million through 2023.
- Net Income (Loss) Trend
- Net income attributable to stockholders showed considerable volatility throughout the period. The company recorded profits in the initial years (2005 and 2006), with net income rising from $322 million to $791 million. This was followed by substantial losses in 2007 (-$1,886 million) and negative swings again in 2013 (-$2,462 million). Profits were recovered in certain years such as 2008 ($853 million), 2009 ($1,297 million), and 2010 ($2,277 million), although these highs were not consistent. Most notably, net income peaked at $2,805 million in 2019 and $2,829 million in 2020, reflecting strong profitability. Post-2020, the company experienced a decline with net losses in 2022 (-$429 million) and a significant loss in 2023 (-$2,494 million), highlighting recent financial challenges.
- Analysis Summary
- Overall, while sales generally increased over the long term with some periods of decline and volatility, net income showed pronounced fluctuations, including multiple periods of losses and recoveries. The divergence between steadily increasing sales in certain years and erratic net income underscores possible issues with cost management, extraordinary expenses, or other financial factors affecting profitability. Recent years, particularly 2022 and 2023, indicate notable financial distress despite relatively high sales, suggesting the need for closer examination of expense controls and operational efficiency.
Balance Sheet: Assets
Newmont Corp., selected items from assets, long-term trends
US$ in millions
| Current assets | Total assets | |
|---|---|---|
| Dec 31, 2023 | 7,512) | 55,506) |
| Dec 31, 2022 | 6,515) | 38,482) |
| Dec 31, 2021 | 7,696) | 40,564) |
| Dec 31, 2020 | 8,505) | 41,369) |
| Dec 31, 2019 | 6,272) | 39,974) |
| Dec 31, 2018 | 5,277) | 20,715) |
| Dec 31, 2017 | 5,066) | 20,563) |
| Dec 31, 2016 | 4,677) | 21,031) |
| Dec 31, 2015 | 4,983) | 25,182) |
| Dec 31, 2014 | 5,439) | 24,916) |
| Dec 31, 2013 | 4,874) | 24,764) |
| Dec 31, 2012 | 5,945) | 29,650) |
| Dec 31, 2011 | 5,388) | 27,474) |
| Dec 31, 2010 | 7,253) | 25,663) |
| Dec 31, 2009 | 5,822) | 22,299) |
| Dec 31, 2008 | 2,361) | 15,839) |
| Dec 31, 2007 | 2,672) | 15,598) |
| Dec 31, 2006 | 2,642) | 15,601) |
| Dec 31, 2005 | 3,036) | 13,992) |
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), 10-K (reporting date: 2018-12-31), 10-K (reporting date: 2017-12-31), 10-K (reporting date: 2016-12-31), 10-K (reporting date: 2015-12-31), 10-K (reporting date: 2014-12-31), 10-K (reporting date: 2013-12-31), 10-K (reporting date: 2012-12-31), 10-K (reporting date: 2011-12-31), 10-K (reporting date: 2010-12-31), 10-K (reporting date: 2009-12-31), 10-K (reporting date: 2008-12-31), 10-K (reporting date: 2007-12-31), 10-K (reporting date: 2006-12-31), 10-K (reporting date: 2005-12-31).
The analysis of the financial data reveals several notable trends in the company's asset structure over the observed period.
- Current Assets
- Current assets exhibited fluctuations throughout the years. Starting at 3,036 million US dollars in 2005, the value decreased slightly in 2006 and 2007, followed by a more significant drop to 2,361 million in 2008. From 2009 onwards, there was a marked increase, peaking at 8,505 million in 2020. After 2020, current assets showed a declining trend, decreasing to 6,515 million by the end of 2022, before rising again to 7,512 million in 2023. The overall trend over the entire period indicates growth in current assets, with periods of volatility and occasional declines.
- Total Assets
- Total assets demonstrated a generally increasing trend with some variability. Beginning at 13,992 million US dollars in 2005, total assets rose steadily through the late 2000s and early 2010s, reaching a peak of 29,650 million in 2012. Subsequently, a decline trend is evident from 2013 to 2016, falling to around 20,563 million by 2017. A significant jump occurred in 2019, with total assets soaring to 39,974 million and remaining elevated through 2021. A modest decline followed in 2022 to 38,482 million, with a sharp increase to 55,506 million in 2023. These fluctuations indicate periods of asset acquisition or revaluation, as well as occasional asset divestitures or impairments.
Overall, the asset base of the company expanded considerably over the observed years, with current assets demonstrating higher volatility compared to total assets. The substantial increases in total assets in recent years suggest strategic growth activities or financial restructuring. The variability in current assets may reflect operational changes or shifts in liquidity management.
Balance Sheet: Liabilities and Stockholders’ Equity
Newmont Corp., selected items from liabilities and stockholders’ equity, long-term trends
US$ in millions
| Current liabilities | Total liabilities | Debt, finance lease and other financing obligations | Newmont stockholders’ equity | |
|---|---|---|---|---|
| Dec 31, 2023 | 5,998) | 26,301) | 9,436) | 29,027) |
| Dec 31, 2022 | 2,926) | 18,949) | 6,132) | 19,354) |
| Dec 31, 2021 | 2,654) | 18,703) | 6,302) | 22,022) |
| Dec 31, 2020 | 3,369) | 17,490) | 6,702) | 23,008) |
| Dec 31, 2019 | 2,385) | 17,557) | 6,834) | 21,420) |
| Dec 31, 2018 | 1,787) | 9,203) | 4,261) | 10,502) |
| Dec 31, 2017 | 1,395) | 8,933) | 4,065) | 10,609) |
| Dec 31, 2016 | 1,750) | 9,157) | 4,615) | 10,721) |
| Dec 31, 2015 | 1,416) | 10,890) | 6,236) | 11,350) |
| Dec 31, 2014 | 2,198) | 11,827) | 6,646) | 10,274) |
| Dec 31, 2013 | 2,740) | 11,700) | 6,740) | 10,141) |
| Dec 31, 2012 | 3,141) | 12,702) | 6,298) | 13,773) |
| Dec 31, 2011 | 3,940) | 11,703) | 4,313) | 12,896) |
| Dec 31, 2010 | 2,747) | 9,947) | 4,441) | 13,345) |
| Dec 31, 2009 | 2,320) | 9,686) | 4,809) | 10,703) |
| Dec 31, 2008 | 1,596) | 7,367) | 3,542) | 7,102) |
| Dec 31, 2007 | 1,500) | 6,601) | 2,938) | 7,548) |
| Dec 31, 2006 | 1,739) | 5,166) | 1,911) | 9,337) |
| Dec 31, 2005 | 1,350) | 4,685) | 1,929) | 8,376) |
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), 10-K (reporting date: 2018-12-31), 10-K (reporting date: 2017-12-31), 10-K (reporting date: 2016-12-31), 10-K (reporting date: 2015-12-31), 10-K (reporting date: 2014-12-31), 10-K (reporting date: 2013-12-31), 10-K (reporting date: 2012-12-31), 10-K (reporting date: 2011-12-31), 10-K (reporting date: 2010-12-31), 10-K (reporting date: 2009-12-31), 10-K (reporting date: 2008-12-31), 10-K (reporting date: 2007-12-31), 10-K (reporting date: 2006-12-31), 10-K (reporting date: 2005-12-31).
- Current liabilities
- Current liabilities exhibited significant fluctuations over the analyzed period. Starting at 1,350 million US dollars at the end of 2005, there was a general upward trend peaking in 2011 at 3,940 million. After some volatility, a notable increase occurred in 2023, reaching 5,998 million, almost doubling the prior year's amount. This suggests increasing short-term obligations or working capital needs in recent years.
- Total liabilities
- Total liabilities grew steadily from 4,685 million in 2005 to a peak of 17,557 million in 2019. Following a slight decline and stabilization during the early 2020s, the figure surged again by 2023 to 26,301 million. The overall trend indicates a rising leverage and increased borrowing or obligations over the long term with particularly strong growth post-2018.
- Debt, finance lease, and other financing obligations
- Debt and financing obligations also increased markedly from 1,929 million in 2005 to a peak around 6,740 million in 2013. Afterwards, these obligations slightly decreased and stabilized around 4,000 to 6,800 million during the late 2010s. However, a sharp rise to 9,436 million was recorded in 2023, suggesting the company either took on significant new debt or financing arrangements recently.
- Newmont stockholders’ equity
- Equity showed variability over the period with initial growth from 8,376 million in 2005 to 13,345 million in 2010. This was followed by a decline and stagnation between 2012 and 2018, dipping to around 10,000 to 11,000 million. A substantial rise occurred in 2019, reaching 21,420 million and continuing an upward trajectory to 29,027 million by 2023. The trend reflects strengthening capital base and accumulated retained earnings over the last five years.
- Summary
- The financial data reveals substantial growth in both liabilities and equity over the examined timeframe. While liabilities, including current and long-term debt, have increased significantly, equity has also strengthened, particularly since 2019. The recent surge in both debts and equity suggests aggressive financing and capital expansion strategies. The rise in current liabilities and other financing obligations in recent years signals growing short-term financial commitments and possible increased operational scale or investment activities.
Cash Flow Statement
Newmont Corp., selected items from cash flow statement, long-term trends
US$ in millions
| 12 months ended: | Net cash provided by operating activities | Net cash (used in) provided by investing activities | Net cash provided by (used in) financing activities |
|---|---|---|---|
| Dec 31, 2023 | 2,754) | (1,002) | (1,603) |
| Dec 31, 2022 | 3,198) | (2,983) | (2,356) |
| Dec 31, 2021 | 4,266) | (1,868) | (2,958) |
| Dec 31, 2020 | 4,890) | 166) | (1,680) |
| Dec 31, 2019 | 2,876) | (1,226) | (2,777) |
| Dec 31, 2018 | 1,837) | (1,177) | (455) |
| Dec 31, 2017 | 2,350) | (961) | (864) |
| Dec 31, 2016 | 1,917) | (34) | (1,480) |
| Dec 31, 2015 | 2,157) | (2,041) | 296) |
| Dec 31, 2014 | 1,451) | (507) | (65) |
| Dec 31, 2013 | 1,561) | (1,313) | (212) |
| Dec 31, 2012 | 2,388) | (3,264) | 689) |
| Dec 31, 2011 | 3,591) | (5,067) | (854) |
| Dec 31, 2010 | 3,180) | (1,419) | (915) |
| Dec 31, 2009 | 2,914) | (2,781) | 2,572) |
| Dec 31, 2008 | 1,403) | (2,151) | 123) |
| Dec 31, 2007 | 525) | (2,467) | 465) |
| Dec 31, 2006 | 1,237) | (838) | (333) |
| Dec 31, 2005 | 1,253) | (977) | 38) |
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), 10-K (reporting date: 2018-12-31), 10-K (reporting date: 2017-12-31), 10-K (reporting date: 2016-12-31), 10-K (reporting date: 2015-12-31), 10-K (reporting date: 2014-12-31), 10-K (reporting date: 2013-12-31), 10-K (reporting date: 2012-12-31), 10-K (reporting date: 2011-12-31), 10-K (reporting date: 2010-12-31), 10-K (reporting date: 2009-12-31), 10-K (reporting date: 2008-12-31), 10-K (reporting date: 2007-12-31), 10-K (reporting date: 2006-12-31), 10-K (reporting date: 2005-12-31).
- Operating Activities
-
The net cash provided by operating activities exhibited notable fluctuations over the examined period. From 2005 to 2007, there was a sharp decline from 1,253 million to 525 million USD, followed by a surge to 2,914 million USD in 2009. Subsequently, the values stabilized around the 1,400 to 3,500 million USD range with occasional variations. The peak was recorded at 4,890 million USD in 2020, after which there was a gradual decline through to 2,754 million USD in 2023. Overall, the operating cash flow demonstrated resilience with periods of strong growth interspersed with moderate contractions.
- Investing Activities
-
Net cash flows from investing activities consistently displayed negative values, indicating ongoing investments. The cash outflows were relatively moderate in the early years, peaking in 2011 and 2012 with outflows of -5,067 and -3,264 million USD respectively. From 2013 onwards, the investing cash outflows generally diminished in magnitude but remained substantial. Notably, 2020 saw a reversal with a positive inflow of 166 million USD, likely reflecting asset disposals or strategic divestments. However, the trend reverted to negative in subsequent years, reaching -1,002 million USD by 2023. This pattern suggests sustained investment activity with episodic strategic adjustments.
- Financing Activities
-
Cash flows from financing activities showed significant volatility, alternating between inflows and outflows throughout the period. Early years recorded a mixture of small positive and negative amounts, but 2009 saw a significant inflow of 2,572 million USD, possibly reflecting debt issuance or equity financing. Post-2009, there was a predominance of cash outflows, peaking at -2,777 million USD in 2019, consistent with debt repayments, dividend distributions, or share buybacks. The trend continued with large negative values through 2023, ending at -1,603 million USD. This indicates a period focused on capital structure optimization and shareholder returns.
Per Share Data
Newmont Corp., selected data per share, long-term trends
US$
| 12 months ended: | Basic earnings per share 1 | Diluted earnings per share 2 | Dividend per share 3 |
|---|---|---|---|
| Dec 31, 2023 | -2.97 | -2.97 | 1.60 |
| Dec 31, 2022 | -0.54 | -0.54 | 2.20 |
| Dec 31, 2021 | 1.46 | 1.46 | 2.20 |
| Dec 31, 2020 | 3.52 | 3.51 | 1.04 |
| Dec 31, 2019 | 3.82 | 3.81 | 1.44 |
| Dec 31, 2018 | 0.64 | 0.64 | 0.56 |
| Dec 31, 2017 | -0.18 | -0.18 | 0.25 |
| Dec 31, 2016 | -1.18 | -1.18 | 0.13 |
| Dec 31, 2015 | 0.43 | 0.43 | 0.10 |
| Dec 31, 2014 | 1.02 | 1.02 | 0.23 |
| Dec 31, 2013 | -4.94 | -4.94 | 1.23 |
| Dec 31, 2012 | 3.65 | 3.63 | 1.40 |
| Dec 31, 2011 | 0.74 | 0.73 | 1.00 |
| Dec 31, 2010 | 4.63 | 4.55 | 0.50 |
| Dec 31, 2009 | 2.66 | 2.66 | 0.40 |
| Dec 31, 2008 | 1.88 | 1.87 | 0.40 |
| Dec 31, 2007 | -4.17 | -4.17 | 0.40 |
| Dec 31, 2006 | 1.76 | 1.75 | 0.40 |
| Dec 31, 2005 | 0.72 | 0.72 | 0.40 |
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), 10-K (reporting date: 2018-12-31), 10-K (reporting date: 2017-12-31), 10-K (reporting date: 2016-12-31), 10-K (reporting date: 2015-12-31), 10-K (reporting date: 2014-12-31), 10-K (reporting date: 2013-12-31), 10-K (reporting date: 2012-12-31), 10-K (reporting date: 2011-12-31), 10-K (reporting date: 2010-12-31), 10-K (reporting date: 2009-12-31), 10-K (reporting date: 2008-12-31), 10-K (reporting date: 2007-12-31), 10-K (reporting date: 2006-12-31), 10-K (reporting date: 2005-12-31).
1, 2, 3 Data adjusted for splits and stock dividends.
- Basic and Diluted Earnings per Share (EPS)
- The basic and diluted earnings per share exhibit a highly volatile pattern throughout the observed period. From 2005 to 2007, EPS experienced an initial increase from approximately 0.72 USD to 1.76 USD, followed by a sharp decline into negative territory around 2007 (-4.17 USD). This was succeeded by fluctuations with positive spikes in 2008 (approximately 1.88 USD) and 2009 (2.66 USD), reaching a peak in 2010 of around 4.63 USD, then sharply declining again to 0.74 USD in 2011. Subsequent years showed irregular variation including significant negative values in 2013 (-4.94 USD) and 2016 (-1.18 USD), and a return to positive values with a peak again in 2019 (3.82 USD) and 2020 (3.52 USD). Negative earnings reoccurred in the final years with -0.54 USD in 2022 and -2.97 USD in 2023. The diluted EPS follows a nearly identical pattern, indicating no significant dilution effects over time.
- Dividend per Share
- The dividend per share trend reveals a generally increasing tendency with some variability. Initially, dividends were stable at 0.4 USD per share from 2005 through 2009. A marked increase occurred starting in 2010, rising to 0.5 USD, then steadily growing to 1.0 USD in 2011 and 1.4 USD in 2012. A noticeable drop happens in 2014 and 2015 with dividends falling to approximately 0.23 USD and 0.10 USD respectively, which may correspond to financial stress observed in earnings during this period. The dividends resumed growth from 2016 onwards, peaking near 2.20 USD in 2021 and 2022 before declining to 1.60 USD in 2023. Overall, dividend policy appears responsive to earnings trends but maintains a general upward trajectory over the long term.