Stock Analysis on Net
Stock Analysis on Net

Newmont Corp. (NYSE:NEM)

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

Common-Size Income Statement

Newmont Corp., common-size consolidated income statement

Microsoft Excel
12 months ended: Dec 31, 2023 Dec 31, 2022 Dec 31, 2021 Dec 31, 2020 Dec 31, 2019
Sales 100.00 100.00 100.00 100.00 100.00
Costs applicable to sales -56.71 -54.28 -44.47 -43.61 -53.34
Depreciation and amortization -17.85 -18.34 -19.01 -20.01 -20.12
Reclamation and remediation -12.98 -7.73 -15.10 -3.18 -2.87
Gross profit 12.46% 19.65% 21.42% 33.20% 23.67%
Exploration -2.24 -1.94 -1.71 -1.63 -2.72
Advanced projects, research and development -1.69 -1.92 -1.26 -1.06 -1.54
General and administrative -2.53 -2.32 -2.12 -2.34 -3.21
Impairment charges -16.01 -11.08 -0.20 -0.43 -0.05
Loss on assets held for sale 0.00 0.00 -4.67 0.00 0.00
Newcrest transaction and integration costs -3.93 0.00 0.00 0.00 0.00
Restructuring and severance -0.20 -0.03 -0.09 -0.16 -0.07
Settlement costs -0.06 -0.18 -0.09 -0.50 -0.05
COVID-19 specific costs -0.01 -0.32 -0.71 -0.80 0.00
Goldcorp transaction and integration costs 0.00 0.00 0.00 -0.20 -2.23
Nevada JV transaction and implementation costs 0.00 0.00 0.00 0.00 -0.31
Other -0.18 -0.15 -0.28 -1.68 -0.37
Other expense, net -4.38% -0.69% -1.17% -3.34% -3.03%
Operating income (loss) -14.39% 1.70% 10.28% 24.41% 13.11%
Gain on formation of Nevada Gold Mines 0.00 0.00 0.00 0.00 24.54
Gain (loss) on asset and investment sales, net -1.67 0.29 1.73 5.89 0.31
Interest income 1.25 0.65 0.15 0.21 0.59
Foreign currency exchange, net -0.47 -0.04 0.19 -0.63 -0.07
Change in fair value of investments -0.40 -0.39 -1.10 2.19 1.70
Insurance Proceeds 0.31 0.12 0.00 0.00 0.39
Pension settlements -0.08 -1.15 -0.03 -0.80 0.21
Charges from debt extinguishment 0.00 0.00 -0.09 -0.67 0.00
Impairment of investments 0.00 0.00 -0.01 -0.81 -0.02
Other 0.30 0.29 0.19 0.23 0.26
Other income (loss), net -0.75% -0.23% 1.02% 5.61% 3.36%
Interest expense, net of capitalized interest -2.06 -1.91 -2.24 -2.68 -3.09
Other income (expense) -2.80% -2.13% -1.22% 2.93% 24.80%
Income (loss) before income and mining tax and other items -17.19% -0.43% 9.07% 27.34% 37.92%
Income and mining tax expense -4.45 -3.82 -8.98 -6.12 -8.54
Equity income of affiliates 0.53 0.90 1.36 1.64 0.98
Net income (loss) from continuing operations -21.11% -3.35% 1.44% 22.86% 30.35%
Net income (loss) from discontinued operations 0.23 0.25 0.47 1.42 -0.74
Net income (loss) -20.89% -3.10% 1.91% 24.28% 29.61%
Net (income) loss attributable to noncontrolling interests -0.23 -0.50 7.63 0.33 -0.81
Net income (loss) attributable to Newmont stockholders -21.11% -3.60% 9.54% 24.61% 28.80%

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).

Income statement item Description The company
Operating income (loss) The net result for the period of deducting operating expenses from operating revenues. Newmont Corp. operating income (loss) as a percentage of sales decreased from 2021 to 2022 and from 2022 to 2023.
Income (loss) before income and mining tax and other items Amount of income (loss) from continuing operations, including income (loss) from equity method investments, before deduction of income tax expense (benefit), and income (loss) attributable to noncontrolling interest. Newmont Corp. income (loss) before income and mining tax and other items as a percentage of sales decreased from 2021 to 2022 and from 2022 to 2023.
Net income (loss) attributable to Newmont stockholders The portion of profit or loss for the period, net of income taxes, which is attributable to the parent. Newmont Corp. net income (loss) attributable to Newmont stockholders as a percentage of sales decreased from 2021 to 2022 and from 2022 to 2023.