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.

Income Statement 
Quarterly Data

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 (quarterly data)

US$ in millions

Microsoft Excel
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
Sales 4,023 3,957 2,493 2,683 2,679 3,200 2,634 3,058 3,023 3,390 2,895 3,065 2,872 3,381 3,170 2,365 2,581 2,967 2,713 2,257 1,803
Costs applicable to sales (2,106) (2,303) (1,371) (1,543) (1,482) (1,780) (1,545) (1,708) (1,435) (1,540) (1,367) (1,281) (1,247) (1,355) (1,269) (1,058) (1,332) (1,459) (1,392) (1,366) (978)
Depreciation and amortization (654) (681) (480) (486) (461) (571) (508) (559) (547) (639) (570) (561) (553) (615) (592) (528) (565) (613) (548) (487) (312)
Reclamation and remediation (98) (1,235) (166) (66) (66) (758) (53) (49) (61) (1,626) (117) (57) (46) (250) (38) (40) (38) (115) (62) (73) (30)
Gross profit 1,165 (262) 476 588 670 91 528 742 980 (415) 841 1,166 1,026 1,161 1,271 739 646 780 711 331 483
Exploration (53) (73) (78) (66) (48) (62) (69) (62) (38) (62) (60) (52) (35) (69) (48) (26) (44) (67) (88) (69) (41)
Advanced projects, research and development (53) (68) (53) (44) (35) (60) (80) (45) (44) (46) (40) (37) (31) (30) (39) (26) (27) (48) (43) (32) (27)
General and administrative (101) (84) (70) (71) (74) (66) (73) (73) (64) (69) (61) (64) (65) (64) (68) (72) (65) (89) (84) (81) (59)
Impairment charges (1,891) (1,320) (25) (49) (2) (3)
Loss on assets held for sale (485) (571)
Other expense, net (73) (431) (37) (41) (8) (14) (11) (22) (35) (9) (43) (52) (39) (29) (118) (184) (53) (55) (35) (137) (68)
Operating income (loss) 400 (2,809) 238 366 505 (1,431) 295 540 799 (626) 66 961 856 920 998 431 457 519 458 12 288
Gain on formation of Nevada Gold Mines 24 2,366
Other income (loss), net 121 (212) 42 (17) 99 101 56 (75) (109) 185 (71) 50 (39) 87 (43) 197 404 161 31 90 45
Interest expense, net of capitalized interest (93) (81) (48) (49) (65) (53) (55) (57) (62) (66) (66) (68) (74) (73) (75) (78) (82) (84) (77) (82) (58)
Other income (expense) 28 (293) (6) (66) 34 48 1 (132) (171) 119 (137) (18) (113) 14 (118) 119 322 101 2,320 8 (13)
Income (loss) before income and mining tax and other items 428 (3,102) 232 300 539 (1,383) 296 408 628 (507) (71) 943 743 934 880 550 779 620 2,778 20 275
Income and mining tax (expense) benefit (260) (77) (73) (163) (213) (112) (96) (33) (214) (300) (222) (341) (235) (258) (305) (164) 23 (129) (558) (20) (125)
Equity income (loss) of affiliates 7 19 3 16 25 26 25 17 39 28 39 49 50 70 53 29 37 42 32 26 (5)
Net income (loss) from continuing operations 175 (3,160) 162 153 351 (1,469) 225 392 453 (779) (254) 651 558 746 628 415 839 533 2,252 26 145
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)
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
Net (income) loss attributable to noncontrolling interests (9) (10) (5) (12) (19) (7) (13) (21) 718 246 (11) (20) 60 (17) (3) (2) 4 (26) (25) (32)
Net income (loss) attributable to Newmont stockholders 170 (3,158) 158 155 351 (1,477) 213 387 448 (46) 3 650 559 824 839 344 822 565 2,178 (25) 87

Based on: 10-Q (reporting date: 2024-03-31), 10-K (reporting date: 2023-12-31), 10-Q (reporting date: 2023-09-30), 10-Q (reporting date: 2023-06-30), 10-Q (reporting date: 2023-03-31), 10-K (reporting date: 2022-12-31), 10-Q (reporting date: 2022-09-30), 10-Q (reporting date: 2022-06-30), 10-Q (reporting date: 2022-03-31), 10-K (reporting date: 2021-12-31), 10-Q (reporting date: 2021-09-30), 10-Q (reporting date: 2021-06-30), 10-Q (reporting date: 2021-03-31), 10-K (reporting date: 2020-12-31), 10-Q (reporting date: 2020-09-30), 10-Q (reporting date: 2020-06-30), 10-Q (reporting date: 2020-03-31), 10-K (reporting date: 2019-12-31), 10-Q (reporting date: 2019-09-30), 10-Q (reporting date: 2019-06-30), 10-Q (reporting date: 2019-03-31).

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 increased from Q3 2023 to Q4 2023 and from Q4 2023 to Q1 2024.
Operating income (loss) The net result for the period of deducting operating expenses from operating revenues. Newmont Corp. operating income (loss) decreased from Q3 2023 to Q4 2023 but then increased from Q4 2023 to Q1 2024 exceeding Q3 2023 level.
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 Q3 2023 to Q4 2023 but then increased from Q4 2023 to Q1 2024 exceeding Q3 2023 level.
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 Q3 2023 to Q4 2023 but then increased from Q4 2023 to Q1 2024 exceeding Q3 2023 level.