Income Statement

The income statement presents information on the financial results of a company business activities over a period of time. The income statement communicates how much revenue the company generated during a period and what cost it incurred in connection with generating that revenue.

Newmont Corp., consolidated income statement

US$ in millions

12 months ended:	Dec 31, 2023	Dec 31, 2022	Dec 31, 2021	Dec 31, 2020	Dec 31, 2019
Sales	11,812)	11,915)	12,222)	11,497)	9,740)
Costs applicable to sales	(6,699)	(6,468)	(5,435)	(5,014)	(5,195)
Depreciation and amortization	(2,108)	(2,185)	(2,323)	(2,300)	(1,960)
Reclamation and remediation	(1,533)	(921)	(1,846)	(366)	(280)
Gross profit	1,472)	2,341)	2,618)	3,817)	2,305)
Exploration	(265)	(231)	(209)	(187)	(265)
Advanced projects, research and development	(200)	(229)	(154)	(122)	(150)
General and administrative	(299)	(276)	(259)	(269)	(313)
Impairment charges	(1,891)	(1,320)	(25)	(49)	(5)
Loss on assets held for sale	—)	—)	(571)	—)	—)
Newcrest transaction and integration costs	(464)	—)	—)	—)	—)
Restructuring and severance	(24)	(4)	(11)	(18)	(7)
Settlement costs	(7)	(22)	(11)	(58)	(5)
COVID-19 specific costs	(1)	(38)	(87)	(92)	—)
Goldcorp transaction and integration costs	—)	—)	—)	(23)	(217)
Nevada JV transaction and implementation costs	—)	—)	—)	—)	(30)
Other	(21)	(18)	(34)	(193)	(36)
Other expense, net	(517)	(82)	(143)	(384)	(295)
Operating income (loss)	(1,700)	203)	1,257)	2,806)	1,277)
Gain on formation of Nevada Gold Mines	—)	—)	—)	—)	2,390)
Gain (loss) on asset and investment sales, net	(197)	35)	212)	677)	30)
Interest income	148)	78)	18)	24)	57)
Foreign currency exchange, net	(56)	(5)	23)	(73)	(7)
Change in fair value of investments	(47)	(46)	(135)	252)	166)
Insurance Proceeds	37)	14)	—)	—)	38)
Pension settlements	(9)	(137)	(4)	(92)	20)
Charges from debt extinguishment	—)	—)	(11)	(77)	—)
Impairment of investments	—)	—)	(1)	(93)	(2)
Other	36)	34)	23)	27)	25)
Other income (loss), net	(88)	(27)	125)	645)	327)
Interest expense, net of capitalized interest	(243)	(227)	(274)	(308)	(301)
Other income (expense)	(331)	(254)	(149)	337)	2,416)
Income (loss) before income and mining tax and other items	(2,031)	(51)	1,108)	3,143)	3,693)
Income and mining tax expense	(526)	(455)	(1,098)	(704)	(832)
Equity income of affiliates	63)	107)	166)	189)	95)
Net income (loss) from continuing operations	(2,494)	(399)	176)	2,628)	2,956)
Net income (loss) from discontinued operations	27)	30)	57)	163)	(72)
Net income (loss)	(2,467)	(369)	233)	2,791)	2,884)
Net (income) loss attributable to noncontrolling interests	(27)	(60)	933)	38)	(79)
Net income (loss) attributable to Newmont stockholders	(2,494)	(429)	1,166)	2,829)	2,805)

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).

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Income statement item	Description	The company
Sales	Amount, including tax collected from customer, of revenue from satisfaction of performance obligation by transferring promised good or service to customer. Tax collected from customer is tax assessed by governmental authority that is both imposed on and concurrent with specific revenue-producing transaction, including, but not limited to, sales, use, value-added and excise.	Newmont Corp. sales decreased from 2021 to 2022 and from 2022 to 2023.
Operating income (loss)	The net result for the period of deducting operating expenses from operating revenues.	Newmont Corp. operating income (loss) 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 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 decreased from 2021 to 2022 and from 2022 to 2023.

Newmont Corp. (NYSE:NEM)

Income Statement