Newmont Corp., profit margin by reportable segment
|
Dec 31, 2023 |
Dec 31, 2022 |
Dec 31, 2021 |
Dec 31, 2020 |
Dec 31, 2019 |
CC&V, U.S. |
24.70% | -158.26% | 16.16% | — | — |
Musselwhite, Canada |
-72.36% | 7.54% | 10.83% | — | — |
Porcupine, Canada |
8.95% | -65.28% | 23.40% | — | — |
Éléonore, Canada |
-44.81% | 1.02% | 13.45% | — | — |
Red Chris, Canada |
25.00% | — | — | — | — |
Brucejack, Canada |
-36.11% | — | — | — | — |
Peñasquito, Mexico |
-201.00% | 18.41% | 37.17% | — | — |
Merian, Suriname |
19.52% | 34.44% | 42.05% | — | — |
Cerro Negro, Argentina |
2.94% | -88.78% | 14.17% | — | — |
Yanacocha, Peru |
-199.26% | -135.70% | -329.51% | — | — |
Boddington, Australia |
44.71% | 44.19% | 41.61% | — | — |
Tanami, Australia |
46.94% | 48.06% | 53.01% | — | — |
Cadia, Australia |
37.44% | — | — | — | — |
Telfer, Australia |
-6.58% | — | — | — | — |
Lihir, Papua New Guinea |
34.96% | — | — | — | — |
Ahafo, Ghana |
32.65% | 26.10% | 31.13% | — | — |
Akyem, Ghana |
26.31% | 34.31% | 41.76% | — | — |
NGM, U.S. |
19.02% | 20.69% | 35.70% | — | — |
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).
Segment profitability ratio |
Reportable segment |
The company |
Segment profit margin |
CC&V, U.S. |
CC&V, U.S. segment profit margin ratio deteriorated from 2021 to 2022 but then improved from 2022 to 2023 exceeding 2021 level. |
|
Musselwhite, Canada |
Musselwhite, Canada segment profit margin ratio deteriorated from 2021 to 2022 and from 2022 to 2023. |
|
Porcupine, Canada |
Porcupine, Canada segment profit margin ratio deteriorated from 2021 to 2022 but then improved from 2022 to 2023 not reaching 2021 level. |
|
Éléonore, Canada |
Éléonore, Canada segment profit margin ratio deteriorated from 2021 to 2022 and from 2022 to 2023. |
|
Red Chris, Canada |
|
|
Brucejack, Canada |
|
|
Peñasquito, Mexico |
Peñasquito, Mexico segment profit margin ratio deteriorated from 2021 to 2022 and from 2022 to 2023. |
|
Merian, Suriname |
Merian, Suriname segment profit margin ratio deteriorated from 2021 to 2022 and from 2022 to 2023. |
|
Cerro Negro, Argentina |
Cerro Negro, Argentina segment profit margin ratio deteriorated from 2021 to 2022 but then improved from 2022 to 2023 not reaching 2021 level. |
|
Yanacocha, Peru |
Yanacocha, Peru segment profit margin ratio improved from 2021 to 2022 but then slightly deteriorated from 2022 to 2023. |
|
Boddington, Australia |
Boddington, Australia segment profit margin ratio improved from 2021 to 2022 and from 2022 to 2023. |
|
Tanami, Australia |
Tanami, Australia segment profit margin ratio deteriorated from 2021 to 2022 and from 2022 to 2023. |
|
Cadia, Australia |
|
|
Telfer, Australia |
|
|
Lihir, Papua New Guinea |
|
|
Ahafo, Ghana |
Ahafo, Ghana segment profit margin ratio deteriorated from 2021 to 2022 but then improved from 2022 to 2023 exceeding 2021 level. |
|
Akyem, Ghana |
Akyem, Ghana segment profit margin ratio deteriorated from 2021 to 2022 and from 2022 to 2023. |
|
NGM, U.S. |
NGM, U.S. segment profit margin ratio deteriorated from 2021 to 2022 and from 2022 to 2023. |
Segment Profit Margin: CC&V, U.S.
Newmont Corp.; CC&V, U.S.; segment profit margin calculation
|
Dec 31, 2023 |
Dec 31, 2022 |
Dec 31, 2021 |
Dec 31, 2020 |
Dec 31, 2019 |
Selected Financial Data (US$ in millions) |
Income (loss) before income and mining tax and other items |
82) | (527) | 64) | —) | —) |
Sales |
332) | 333) | 396) | —) | —) |
Segment Profitability Ratio |
Segment profit margin1 |
24.70% | -158.26% | 16.16% | — | — |
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).
1 2023 Calculation
Segment profit margin = 100 × Income (loss) before income and mining tax and other items ÷ Sales
= 100 × 82 ÷ 332 = 24.70%
Segment profitability ratio |
Reportable segment |
The company |
Segment profit margin |
CC&V, U.S. |
CC&V, U.S. segment profit margin ratio deteriorated from 2021 to 2022 but then improved from 2022 to 2023 exceeding 2021 level. |
Segment Profit Margin: Musselwhite, Canada
Newmont Corp.; Musselwhite, Canada; segment profit margin calculation
|
Dec 31, 2023 |
Dec 31, 2022 |
Dec 31, 2021 |
Dec 31, 2020 |
Dec 31, 2019 |
Selected Financial Data (US$ in millions) |
Income (loss) before income and mining tax and other items |
(254) | 23) | 30) | —) | —) |
Sales |
351) | 305) | 277) | —) | —) |
Segment Profitability Ratio |
Segment profit margin1 |
-72.36% | 7.54% | 10.83% | — | — |
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).
1 2023 Calculation
Segment profit margin = 100 × Income (loss) before income and mining tax and other items ÷ Sales
= 100 × -254 ÷ 351 = -72.36%
Segment profitability ratio |
Reportable segment |
The company |
Segment profit margin |
Musselwhite, Canada |
Musselwhite, Canada segment profit margin ratio deteriorated from 2021 to 2022 and from 2022 to 2023. |
Segment Profit Margin: Porcupine, Canada
Newmont Corp.; Porcupine, Canada; segment profit margin calculation
|
Dec 31, 2023 |
Dec 31, 2022 |
Dec 31, 2021 |
Dec 31, 2020 |
Dec 31, 2019 |
Selected Financial Data (US$ in millions) |
Income (loss) before income and mining tax and other items |
45) | (329) | 121) | —) | —) |
Sales |
503) | 504) | 517) | —) | —) |
Segment Profitability Ratio |
Segment profit margin1 |
8.95% | -65.28% | 23.40% | — | — |
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).
1 2023 Calculation
Segment profit margin = 100 × Income (loss) before income and mining tax and other items ÷ Sales
= 100 × 45 ÷ 503 = 8.95%
Segment profitability ratio |
Reportable segment |
The company |
Segment profit margin |
Porcupine, Canada |
Porcupine, Canada segment profit margin ratio deteriorated from 2021 to 2022 but then improved from 2022 to 2023 not reaching 2021 level. |
Segment Profit Margin: Éléonore, Canada
Newmont Corp.; Éléonore, Canada; segment profit margin calculation
|
Dec 31, 2023 |
Dec 31, 2022 |
Dec 31, 2021 |
Dec 31, 2020 |
Dec 31, 2019 |
Selected Financial Data (US$ in millions) |
Income (loss) before income and mining tax and other items |
(203) | 4) | 60) | —) | —) |
Sales |
453) | 391) | 446) | —) | —) |
Segment Profitability Ratio |
Segment profit margin1 |
-44.81% | 1.02% | 13.45% | — | — |
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).
1 2023 Calculation
Segment profit margin = 100 × Income (loss) before income and mining tax and other items ÷ Sales
= 100 × -203 ÷ 453 = -44.81%
Segment profitability ratio |
Reportable segment |
The company |
Segment profit margin |
Éléonore, Canada |
Éléonore, Canada segment profit margin ratio deteriorated from 2021 to 2022 and from 2022 to 2023. |
Segment Profit Margin: Red Chris, Canada
Newmont Corp.; Red Chris, Canada; segment profit margin calculation
|
Dec 31, 2023 |
Dec 31, 2022 |
Dec 31, 2021 |
Dec 31, 2020 |
Dec 31, 2019 |
Selected Financial Data (US$ in millions) |
Income (loss) before income and mining tax and other items |
8) | —) | —) | —) | —) |
Sales |
32) | —) | —) | —) | —) |
Segment Profitability Ratio |
Segment profit margin1 |
25.00% | — | — | — | — |
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).
1 2023 Calculation
Segment profit margin = 100 × Income (loss) before income and mining tax and other items ÷ Sales
= 100 × 8 ÷ 32 = 25.00%
Segment profitability ratio |
Reportable segment |
The company |
Segment profit margin |
Red Chris, Canada |
|
Segment Profit Margin: Brucejack, Canada
Newmont Corp.; Brucejack, Canada; segment profit margin calculation
|
Dec 31, 2023 |
Dec 31, 2022 |
Dec 31, 2021 |
Dec 31, 2020 |
Dec 31, 2019 |
Selected Financial Data (US$ in millions) |
Income (loss) before income and mining tax and other items |
(26) | —) | —) | —) | —) |
Sales |
72) | —) | —) | —) | —) |
Segment Profitability Ratio |
Segment profit margin1 |
-36.11% | — | — | — | — |
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).
1 2023 Calculation
Segment profit margin = 100 × Income (loss) before income and mining tax and other items ÷ Sales
= 100 × -26 ÷ 72 = -36.11%
Segment profitability ratio |
Reportable segment |
The company |
Segment profit margin |
Brucejack, Canada |
|
Segment Profit Margin: Peñasquito, Mexico
Newmont Corp.; Peñasquito, Mexico; segment profit margin calculation
|
Dec 31, 2023 |
Dec 31, 2022 |
Dec 31, 2021 |
Dec 31, 2020 |
Dec 31, 2019 |
Selected Financial Data (US$ in millions) |
Income (loss) before income and mining tax and other items |
(1,811) | 403) | 979) | —) | —) |
Sales |
901) | 2,189) | 2,634) | —) | —) |
Segment Profitability Ratio |
Segment profit margin1 |
-201.00% | 18.41% | 37.17% | — | — |
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).
1 2023 Calculation
Segment profit margin = 100 × Income (loss) before income and mining tax and other items ÷ Sales
= 100 × -1,811 ÷ 901 = -201.00%
Segment profitability ratio |
Reportable segment |
The company |
Segment profit margin |
Peñasquito, Mexico |
Peñasquito, Mexico segment profit margin ratio deteriorated from 2021 to 2022 and from 2022 to 2023. |
Segment Profit Margin: Merian, Suriname
Newmont Corp.; Merian, Suriname; segment profit margin calculation
|
Dec 31, 2023 |
Dec 31, 2022 |
Dec 31, 2021 |
Dec 31, 2020 |
Dec 31, 2019 |
Selected Financial Data (US$ in millions) |
Income (loss) before income and mining tax and other items |
122) | 249) | 328) | —) | —) |
Sales |
625) | 723) | 780) | —) | —) |
Segment Profitability Ratio |
Segment profit margin1 |
19.52% | 34.44% | 42.05% | — | — |
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).
1 2023 Calculation
Segment profit margin = 100 × Income (loss) before income and mining tax and other items ÷ Sales
= 100 × 122 ÷ 625 = 19.52%
Segment profitability ratio |
Reportable segment |
The company |
Segment profit margin |
Merian, Suriname |
Merian, Suriname segment profit margin ratio deteriorated from 2021 to 2022 and from 2022 to 2023. |
Segment Profit Margin: Cerro Negro, Argentina
Newmont Corp.; Cerro Negro, Argentina; segment profit margin calculation
|
Dec 31, 2023 |
Dec 31, 2022 |
Dec 31, 2021 |
Dec 31, 2020 |
Dec 31, 2019 |
Selected Financial Data (US$ in millions) |
Income (loss) before income and mining tax and other items |
15) | (451) | 68) | —) | —) |
Sales |
510) | 508) | 480) | —) | —) |
Segment Profitability Ratio |
Segment profit margin1 |
2.94% | -88.78% | 14.17% | — | — |
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).
1 2023 Calculation
Segment profit margin = 100 × Income (loss) before income and mining tax and other items ÷ Sales
= 100 × 15 ÷ 510 = 2.94%
Segment profitability ratio |
Reportable segment |
The company |
Segment profit margin |
Cerro Negro, Argentina |
Cerro Negro, Argentina segment profit margin ratio deteriorated from 2021 to 2022 but then improved from 2022 to 2023 not reaching 2021 level. |
Segment Profit Margin: Yanacocha, Peru
Newmont Corp.; Yanacocha, Peru; segment profit margin calculation
|
Dec 31, 2023 |
Dec 31, 2022 |
Dec 31, 2021 |
Dec 31, 2020 |
Dec 31, 2019 |
Selected Financial Data (US$ in millions) |
Income (loss) before income and mining tax and other items |
(1,070) | (612) | (1,552) | —) | —) |
Sales |
537) | 451) | 471) | —) | —) |
Segment Profitability Ratio |
Segment profit margin1 |
-199.26% | -135.70% | -329.51% | — | — |
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).
1 2023 Calculation
Segment profit margin = 100 × Income (loss) before income and mining tax and other items ÷ Sales
= 100 × -1,070 ÷ 537 = -199.26%
Segment profitability ratio |
Reportable segment |
The company |
Segment profit margin |
Yanacocha, Peru |
Yanacocha, Peru segment profit margin ratio improved from 2021 to 2022 but then slightly deteriorated from 2022 to 2023. |
Segment Profit Margin: Boddington, Australia
Newmont Corp.; Boddington, Australia; segment profit margin calculation
|
Dec 31, 2023 |
Dec 31, 2022 |
Dec 31, 2021 |
Dec 31, 2020 |
Dec 31, 2019 |
Selected Financial Data (US$ in millions) |
Income (loss) before income and mining tax and other items |
811) | 779) | 627) | —) | —) |
Sales |
1,814) | 1,763) | 1,507) | —) | —) |
Segment Profitability Ratio |
Segment profit margin1 |
44.71% | 44.19% | 41.61% | — | — |
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).
1 2023 Calculation
Segment profit margin = 100 × Income (loss) before income and mining tax and other items ÷ Sales
= 100 × 811 ÷ 1,814 = 44.71%
Segment profitability ratio |
Reportable segment |
The company |
Segment profit margin |
Boddington, Australia |
Boddington, Australia segment profit margin ratio improved from 2021 to 2022 and from 2022 to 2023. |
Segment Profit Margin: Tanami, Australia
Newmont Corp.; Tanami, Australia; segment profit margin calculation
|
Dec 31, 2023 |
Dec 31, 2022 |
Dec 31, 2021 |
Dec 31, 2020 |
Dec 31, 2019 |
Selected Financial Data (US$ in millions) |
Income (loss) before income and mining tax and other items |
407) | 422) | 466) | —) | —) |
Sales |
867) | 878) | 879) | —) | —) |
Segment Profitability Ratio |
Segment profit margin1 |
46.94% | 48.06% | 53.01% | — | — |
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).
1 2023 Calculation
Segment profit margin = 100 × Income (loss) before income and mining tax and other items ÷ Sales
= 100 × 407 ÷ 867 = 46.94%
Segment profitability ratio |
Reportable segment |
The company |
Segment profit margin |
Tanami, Australia |
Tanami, Australia segment profit margin ratio deteriorated from 2021 to 2022 and from 2022 to 2023. |
Segment Profit Margin: Cadia, Australia
Newmont Corp.; Cadia, Australia; segment profit margin calculation
|
Dec 31, 2023 |
Dec 31, 2022 |
Dec 31, 2021 |
Dec 31, 2020 |
Dec 31, 2019 |
Selected Financial Data (US$ in millions) |
Income (loss) before income and mining tax and other items |
158) | —) | —) | —) | —) |
Sales |
422) | —) | —) | —) | —) |
Segment Profitability Ratio |
Segment profit margin1 |
37.44% | — | — | — | — |
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).
1 2023 Calculation
Segment profit margin = 100 × Income (loss) before income and mining tax and other items ÷ Sales
= 100 × 158 ÷ 422 = 37.44%
Segment profitability ratio |
Reportable segment |
The company |
Segment profit margin |
Cadia, Australia |
|
Segment Profit Margin: Telfer, Australia
Newmont Corp.; Telfer, Australia; segment profit margin calculation
|
Dec 31, 2023 |
Dec 31, 2022 |
Dec 31, 2021 |
Dec 31, 2020 |
Dec 31, 2019 |
Selected Financial Data (US$ in millions) |
Income (loss) before income and mining tax and other items |
(10) | —) | —) | —) | —) |
Sales |
152) | —) | —) | —) | —) |
Segment Profitability Ratio |
Segment profit margin1 |
-6.58% | — | — | — | — |
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).
1 2023 Calculation
Segment profit margin = 100 × Income (loss) before income and mining tax and other items ÷ Sales
= 100 × -10 ÷ 152 = -6.58%
Segment profitability ratio |
Reportable segment |
The company |
Segment profit margin |
Telfer, Australia |
|
Segment Profit Margin: Lihir, Papua New Guinea
Newmont Corp.; Lihir, Papua New Guinea; segment profit margin calculation
|
Dec 31, 2023 |
Dec 31, 2022 |
Dec 31, 2021 |
Dec 31, 2020 |
Dec 31, 2019 |
Selected Financial Data (US$ in millions) |
Income (loss) before income and mining tax and other items |
93) | —) | —) | —) | —) |
Sales |
266) | —) | —) | —) | —) |
Segment Profitability Ratio |
Segment profit margin1 |
34.96% | — | — | — | — |
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).
1 2023 Calculation
Segment profit margin = 100 × Income (loss) before income and mining tax and other items ÷ Sales
= 100 × 93 ÷ 266 = 34.96%
Segment profitability ratio |
Reportable segment |
The company |
Segment profit margin |
Lihir, Papua New Guinea |
|
Segment Profit Margin: Ahafo, Ghana
Newmont Corp.; Ahafo, Ghana; segment profit margin calculation
|
Dec 31, 2023 |
Dec 31, 2022 |
Dec 31, 2021 |
Dec 31, 2020 |
Dec 31, 2019 |
Selected Financial Data (US$ in millions) |
Income (loss) before income and mining tax and other items |
369) | 267) | 269) | —) | —) |
Sales |
1,130) | 1,023) | 864) | —) | —) |
Segment Profitability Ratio |
Segment profit margin1 |
32.65% | 26.10% | 31.13% | — | — |
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).
1 2023 Calculation
Segment profit margin = 100 × Income (loss) before income and mining tax and other items ÷ Sales
= 100 × 369 ÷ 1,130 = 32.65%
Segment profitability ratio |
Reportable segment |
The company |
Segment profit margin |
Ahafo, Ghana |
Ahafo, Ghana segment profit margin ratio deteriorated from 2021 to 2022 but then improved from 2022 to 2023 exceeding 2021 level. |
Segment Profit Margin: Akyem, Ghana
Newmont Corp.; Akyem, Ghana; segment profit margin calculation
|
Dec 31, 2023 |
Dec 31, 2022 |
Dec 31, 2021 |
Dec 31, 2020 |
Dec 31, 2019 |
Selected Financial Data (US$ in millions) |
Income (loss) before income and mining tax and other items |
151) | 257) | 284) | —) | —) |
Sales |
574) | 749) | 680) | —) | —) |
Segment Profitability Ratio |
Segment profit margin1 |
26.31% | 34.31% | 41.76% | — | — |
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).
1 2023 Calculation
Segment profit margin = 100 × Income (loss) before income and mining tax and other items ÷ Sales
= 100 × 151 ÷ 574 = 26.31%
Segment profitability ratio |
Reportable segment |
The company |
Segment profit margin |
Akyem, Ghana |
Akyem, Ghana segment profit margin ratio deteriorated from 2021 to 2022 and from 2022 to 2023. |
Segment Profit Margin: NGM, U.S.
Newmont Corp.; NGM, U.S.; segment profit margin calculation
|
Dec 31, 2023 |
Dec 31, 2022 |
Dec 31, 2021 |
Dec 31, 2020 |
Dec 31, 2019 |
Selected Financial Data (US$ in millions) |
Income (loss) before income and mining tax and other items |
432) | 434) | 818) | —) | —) |
Sales |
2,271) | 2,098) | 2,291) | —) | —) |
Segment Profitability Ratio |
Segment profit margin1 |
19.02% | 20.69% | 35.70% | — | — |
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).
1 2023 Calculation
Segment profit margin = 100 × Income (loss) before income and mining tax and other items ÷ Sales
= 100 × 432 ÷ 2,271 = 19.02%
Segment profitability ratio |
Reportable segment |
The company |
Segment profit margin |
NGM, U.S. |
NGM, U.S. segment profit margin ratio deteriorated from 2021 to 2022 and from 2022 to 2023. |
Newmont Corp., ROA by reportable segment
|
Dec 31, 2023 |
Dec 31, 2022 |
Dec 31, 2021 |
Dec 31, 2020 |
Dec 31, 2019 |
CC&V, U.S. |
21.41% | -184.27% | 8.24% | — | — |
Musselwhite, Canada |
-24.95% | 1.78% | 2.28% | — | — |
Porcupine, Canada |
3.05% | -23.48% | 7.70% | — | — |
Éléonore, Canada |
-26.13% | 0.40% | 5.65% | — | — |
Red Chris, Canada |
0.37% | — | — | — | — |
Brucejack, Canada |
-0.65% | — | — | — | — |
Peñasquito, Mexico |
-38.22% | 6.27% | 14.92% | — | — |
Merian, Suriname |
13.16% | 26.98% | 34.45% | — | — |
Cerro Negro, Argentina |
0.91% | -27.19% | 3.11% | — | — |
Yanacocha, Peru |
-50.54% | -27.51% | -89.45% | — | — |
Boddington, Australia |
34.13% | 34.41% | 27.73% | — | — |
Tanami, Australia |
21.47% | 26.62% | 34.93% | — | — |
Cadia, Australia |
2.49% | — | — | — | — |
Telfer, Australia |
-1.74% | — | — | — | — |
Lihir, Papua New Guinea |
2.38% | — | — | — | — |
Ahafo, Ghana |
13.07% | 10.19% | 11.09% | — | — |
Akyem, Ghana |
14.13% | 25.75% | 28.69% | — | — |
NGM, U.S. |
5.84% | 5.85% | 10.79% | — | — |
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).
Segment profitability ratio |
Reportable segment |
The company |
Segment ROA |
CC&V, U.S. |
CC&V, U.S. segment ROA deteriorated from 2021 to 2022 but then improved from 2022 to 2023 exceeding 2021 level. |
|
Musselwhite, Canada |
Musselwhite, Canada segment ROA deteriorated from 2021 to 2022 and from 2022 to 2023. |
|
Porcupine, Canada |
Porcupine, Canada segment ROA deteriorated from 2021 to 2022 but then improved from 2022 to 2023 not reaching 2021 level. |
|
Éléonore, Canada |
Éléonore, Canada segment ROA deteriorated from 2021 to 2022 and from 2022 to 2023. |
|
Red Chris, Canada |
|
|
Brucejack, Canada |
|
|
Peñasquito, Mexico |
Peñasquito, Mexico segment ROA deteriorated from 2021 to 2022 and from 2022 to 2023. |
|
Merian, Suriname |
Merian, Suriname segment ROA deteriorated from 2021 to 2022 and from 2022 to 2023. |
|
Cerro Negro, Argentina |
Cerro Negro, Argentina segment ROA deteriorated from 2021 to 2022 but then improved from 2022 to 2023 not reaching 2021 level. |
|
Yanacocha, Peru |
Yanacocha, Peru segment ROA improved from 2021 to 2022 but then slightly deteriorated from 2022 to 2023. |
|
Boddington, Australia |
Boddington, Australia segment ROA improved from 2021 to 2022 but then slightly deteriorated from 2022 to 2023. |
|
Tanami, Australia |
Tanami, Australia segment ROA deteriorated from 2021 to 2022 and from 2022 to 2023. |
|
Cadia, Australia |
|
|
Telfer, Australia |
|
|
Lihir, Papua New Guinea |
|
|
Ahafo, Ghana |
Ahafo, Ghana segment ROA deteriorated from 2021 to 2022 but then improved from 2022 to 2023 exceeding 2021 level. |
|
Akyem, Ghana |
Akyem, Ghana segment ROA deteriorated from 2021 to 2022 and from 2022 to 2023. |
|
NGM, U.S. |
NGM, U.S. segment ROA deteriorated from 2021 to 2022 and from 2022 to 2023. |
Segment ROA: CC&V, U.S.
Newmont Corp.; CC&V, U.S.; segment ROA calculation
|
Dec 31, 2023 |
Dec 31, 2022 |
Dec 31, 2021 |
Dec 31, 2020 |
Dec 31, 2019 |
Selected Financial Data (US$ in millions) |
Income (loss) before income and mining tax and other items |
82) | (527) | 64) | —) | —) |
Total assets |
383) | 286) | 777) | —) | —) |
Segment Profitability Ratio |
Segment ROA1 |
21.41% | -184.27% | 8.24% | — | — |
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).
1 2023 Calculation
Segment ROA = 100 × Income (loss) before income and mining tax and other items ÷ Total assets
= 100 × 82 ÷ 383 = 21.41%
Segment profitability ratio |
Reportable segment |
The company |
Segment ROA |
CC&V, U.S. |
CC&V, U.S. segment ROA deteriorated from 2021 to 2022 but then improved from 2022 to 2023 exceeding 2021 level. |
Segment ROA: Musselwhite, Canada
Newmont Corp.; Musselwhite, Canada; segment ROA calculation
|
Dec 31, 2023 |
Dec 31, 2022 |
Dec 31, 2021 |
Dec 31, 2020 |
Dec 31, 2019 |
Selected Financial Data (US$ in millions) |
Income (loss) before income and mining tax and other items |
(254) | 23) | 30) | —) | —) |
Total assets |
1,018) | 1,294) | 1,317) | —) | —) |
Segment Profitability Ratio |
Segment ROA1 |
-24.95% | 1.78% | 2.28% | — | — |
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).
1 2023 Calculation
Segment ROA = 100 × Income (loss) before income and mining tax and other items ÷ Total assets
= 100 × -254 ÷ 1,018 = -24.95%
Segment profitability ratio |
Reportable segment |
The company |
Segment ROA |
Musselwhite, Canada |
Musselwhite, Canada segment ROA deteriorated from 2021 to 2022 and from 2022 to 2023. |
Segment ROA: Porcupine, Canada
Newmont Corp.; Porcupine, Canada; segment ROA calculation
|
Dec 31, 2023 |
Dec 31, 2022 |
Dec 31, 2021 |
Dec 31, 2020 |
Dec 31, 2019 |
Selected Financial Data (US$ in millions) |
Income (loss) before income and mining tax and other items |
45) | (329) | 121) | —) | —) |
Total assets |
1,473) | 1,401) | 1,572) | —) | —) |
Segment Profitability Ratio |
Segment ROA1 |
3.05% | -23.48% | 7.70% | — | — |
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).
1 2023 Calculation
Segment ROA = 100 × Income (loss) before income and mining tax and other items ÷ Total assets
= 100 × 45 ÷ 1,473 = 3.05%
Segment profitability ratio |
Reportable segment |
The company |
Segment ROA |
Porcupine, Canada |
Porcupine, Canada segment ROA deteriorated from 2021 to 2022 but then improved from 2022 to 2023 not reaching 2021 level. |
Segment ROA: Éléonore, Canada
Newmont Corp.; Éléonore, Canada; segment ROA calculation
|
Dec 31, 2023 |
Dec 31, 2022 |
Dec 31, 2021 |
Dec 31, 2020 |
Dec 31, 2019 |
Selected Financial Data (US$ in millions) |
Income (loss) before income and mining tax and other items |
(203) | 4) | 60) | —) | —) |
Total assets |
777) | 1,010) | 1,062) | —) | —) |
Segment Profitability Ratio |
Segment ROA1 |
-26.13% | 0.40% | 5.65% | — | — |
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).
1 2023 Calculation
Segment ROA = 100 × Income (loss) before income and mining tax and other items ÷ Total assets
= 100 × -203 ÷ 777 = -26.13%
Segment profitability ratio |
Reportable segment |
The company |
Segment ROA |
Éléonore, Canada |
Éléonore, Canada segment ROA deteriorated from 2021 to 2022 and from 2022 to 2023. |
Segment ROA: Red Chris, Canada
Newmont Corp.; Red Chris, Canada; segment ROA calculation
|
Dec 31, 2023 |
Dec 31, 2022 |
Dec 31, 2021 |
Dec 31, 2020 |
Dec 31, 2019 |
Selected Financial Data (US$ in millions) |
Income (loss) before income and mining tax and other items |
8) | —) | —) | —) | —) |
Total assets |
2,178) | —) | —) | —) | —) |
Segment Profitability Ratio |
Segment ROA1 |
0.37% | — | — | — | — |
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).
1 2023 Calculation
Segment ROA = 100 × Income (loss) before income and mining tax and other items ÷ Total assets
= 100 × 8 ÷ 2,178 = 0.37%
Segment profitability ratio |
Reportable segment |
The company |
Segment ROA |
Red Chris, Canada |
|
Segment ROA: Brucejack, Canada
Newmont Corp.; Brucejack, Canada; segment ROA calculation
|
Dec 31, 2023 |
Dec 31, 2022 |
Dec 31, 2021 |
Dec 31, 2020 |
Dec 31, 2019 |
Selected Financial Data (US$ in millions) |
Income (loss) before income and mining tax and other items |
(26) | —) | —) | —) | —) |
Total assets |
4,006) | —) | —) | —) | —) |
Segment Profitability Ratio |
Segment ROA1 |
-0.65% | — | — | — | — |
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).
1 2023 Calculation
Segment ROA = 100 × Income (loss) before income and mining tax and other items ÷ Total assets
= 100 × -26 ÷ 4,006 = -0.65%
Segment profitability ratio |
Reportable segment |
The company |
Segment ROA |
Brucejack, Canada |
|
Segment ROA: Peñasquito, Mexico
Newmont Corp.; Peñasquito, Mexico; segment ROA calculation
|
Dec 31, 2023 |
Dec 31, 2022 |
Dec 31, 2021 |
Dec 31, 2020 |
Dec 31, 2019 |
Selected Financial Data (US$ in millions) |
Income (loss) before income and mining tax and other items |
(1,811) | 403) | 979) | —) | —) |
Total assets |
4,738) | 6,430) | 6,561) | —) | —) |
Segment Profitability Ratio |
Segment ROA1 |
-38.22% | 6.27% | 14.92% | — | — |
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).
1 2023 Calculation
Segment ROA = 100 × Income (loss) before income and mining tax and other items ÷ Total assets
= 100 × -1,811 ÷ 4,738 = -38.22%
Segment profitability ratio |
Reportable segment |
The company |
Segment ROA |
Peñasquito, Mexico |
Peñasquito, Mexico segment ROA deteriorated from 2021 to 2022 and from 2022 to 2023. |
Segment ROA: Merian, Suriname
Newmont Corp.; Merian, Suriname; segment ROA calculation
|
Dec 31, 2023 |
Dec 31, 2022 |
Dec 31, 2021 |
Dec 31, 2020 |
Dec 31, 2019 |
Selected Financial Data (US$ in millions) |
Income (loss) before income and mining tax and other items |
122) | 249) | 328) | —) | —) |
Total assets |
927) | 923) | 952) | —) | —) |
Segment Profitability Ratio |
Segment ROA1 |
13.16% | 26.98% | 34.45% | — | — |
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).
1 2023 Calculation
Segment ROA = 100 × Income (loss) before income and mining tax and other items ÷ Total assets
= 100 × 122 ÷ 927 = 13.16%
Segment profitability ratio |
Reportable segment |
The company |
Segment ROA |
Merian, Suriname |
Merian, Suriname segment ROA deteriorated from 2021 to 2022 and from 2022 to 2023. |
Segment ROA: Cerro Negro, Argentina
Newmont Corp.; Cerro Negro, Argentina; segment ROA calculation
|
Dec 31, 2023 |
Dec 31, 2022 |
Dec 31, 2021 |
Dec 31, 2020 |
Dec 31, 2019 |
Selected Financial Data (US$ in millions) |
Income (loss) before income and mining tax and other items |
15) | (451) | 68) | —) | —) |
Total assets |
1,646) | 1,659) | 2,183) | —) | —) |
Segment Profitability Ratio |
Segment ROA1 |
0.91% | -27.19% | 3.11% | — | — |
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).
1 2023 Calculation
Segment ROA = 100 × Income (loss) before income and mining tax and other items ÷ Total assets
= 100 × 15 ÷ 1,646 = 0.91%
Segment profitability ratio |
Reportable segment |
The company |
Segment ROA |
Cerro Negro, Argentina |
Cerro Negro, Argentina segment ROA deteriorated from 2021 to 2022 but then improved from 2022 to 2023 not reaching 2021 level. |
Segment ROA: Yanacocha, Peru
Newmont Corp.; Yanacocha, Peru; segment ROA calculation
|
Dec 31, 2023 |
Dec 31, 2022 |
Dec 31, 2021 |
Dec 31, 2020 |
Dec 31, 2019 |
Selected Financial Data (US$ in millions) |
Income (loss) before income and mining tax and other items |
(1,070) | (612) | (1,552) | —) | —) |
Total assets |
2,117) | 2,225) | 1,735) | —) | —) |
Segment Profitability Ratio |
Segment ROA1 |
-50.54% | -27.51% | -89.45% | — | — |
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).
1 2023 Calculation
Segment ROA = 100 × Income (loss) before income and mining tax and other items ÷ Total assets
= 100 × -1,070 ÷ 2,117 = -50.54%
Segment profitability ratio |
Reportable segment |
The company |
Segment ROA |
Yanacocha, Peru |
Yanacocha, Peru segment ROA improved from 2021 to 2022 but then slightly deteriorated from 2022 to 2023. |
Segment ROA: Boddington, Australia
Newmont Corp.; Boddington, Australia; segment ROA calculation
|
Dec 31, 2023 |
Dec 31, 2022 |
Dec 31, 2021 |
Dec 31, 2020 |
Dec 31, 2019 |
Selected Financial Data (US$ in millions) |
Income (loss) before income and mining tax and other items |
811) | 779) | 627) | —) | —) |
Total assets |
2,376) | 2,264) | 2,261) | —) | —) |
Segment Profitability Ratio |
Segment ROA1 |
34.13% | 34.41% | 27.73% | — | — |
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).
1 2023 Calculation
Segment ROA = 100 × Income (loss) before income and mining tax and other items ÷ Total assets
= 100 × 811 ÷ 2,376 = 34.13%
Segment profitability ratio |
Reportable segment |
The company |
Segment ROA |
Boddington, Australia |
Boddington, Australia segment ROA improved from 2021 to 2022 but then slightly deteriorated from 2022 to 2023. |
Segment ROA: Tanami, Australia
Newmont Corp.; Tanami, Australia; segment ROA calculation
|
Dec 31, 2023 |
Dec 31, 2022 |
Dec 31, 2021 |
Dec 31, 2020 |
Dec 31, 2019 |
Selected Financial Data (US$ in millions) |
Income (loss) before income and mining tax and other items |
407) | 422) | 466) | —) | —) |
Total assets |
1,896) | 1,585) | 1,334) | —) | —) |
Segment Profitability Ratio |
Segment ROA1 |
21.47% | 26.62% | 34.93% | — | — |
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).
1 2023 Calculation
Segment ROA = 100 × Income (loss) before income and mining tax and other items ÷ Total assets
= 100 × 407 ÷ 1,896 = 21.47%
Segment profitability ratio |
Reportable segment |
The company |
Segment ROA |
Tanami, Australia |
Tanami, Australia segment ROA deteriorated from 2021 to 2022 and from 2022 to 2023. |
Segment ROA: Cadia, Australia
Newmont Corp.; Cadia, Australia; segment ROA calculation
|
Dec 31, 2023 |
Dec 31, 2022 |
Dec 31, 2021 |
Dec 31, 2020 |
Dec 31, 2019 |
Selected Financial Data (US$ in millions) |
Income (loss) before income and mining tax and other items |
158) | —) | —) | —) | —) |
Total assets |
6,351) | —) | —) | —) | —) |
Segment Profitability Ratio |
Segment ROA1 |
2.49% | — | — | — | — |
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).
1 2023 Calculation
Segment ROA = 100 × Income (loss) before income and mining tax and other items ÷ Total assets
= 100 × 158 ÷ 6,351 = 2.49%
Segment profitability ratio |
Reportable segment |
The company |
Segment ROA |
Cadia, Australia |
|
Segment ROA: Telfer, Australia
Newmont Corp.; Telfer, Australia; segment ROA calculation
|
Dec 31, 2023 |
Dec 31, 2022 |
Dec 31, 2021 |
Dec 31, 2020 |
Dec 31, 2019 |
Selected Financial Data (US$ in millions) |
Income (loss) before income and mining tax and other items |
(10) | —) | —) | —) | —) |
Total assets |
574) | —) | —) | —) | —) |
Segment Profitability Ratio |
Segment ROA1 |
-1.74% | — | — | — | — |
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).
1 2023 Calculation
Segment ROA = 100 × Income (loss) before income and mining tax and other items ÷ Total assets
= 100 × -10 ÷ 574 = -1.74%
Segment profitability ratio |
Reportable segment |
The company |
Segment ROA |
Telfer, Australia |
|
Segment ROA: Lihir, Papua New Guinea
Newmont Corp.; Lihir, Papua New Guinea; segment ROA calculation
|
Dec 31, 2023 |
Dec 31, 2022 |
Dec 31, 2021 |
Dec 31, 2020 |
Dec 31, 2019 |
Selected Financial Data (US$ in millions) |
Income (loss) before income and mining tax and other items |
93) | —) | —) | —) | —) |
Total assets |
3,909) | —) | —) | —) | —) |
Segment Profitability Ratio |
Segment ROA1 |
2.38% | — | — | — | — |
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).
1 2023 Calculation
Segment ROA = 100 × Income (loss) before income and mining tax and other items ÷ Total assets
= 100 × 93 ÷ 3,909 = 2.38%
Segment profitability ratio |
Reportable segment |
The company |
Segment ROA |
Lihir, Papua New Guinea |
|
Segment ROA: Ahafo, Ghana
Newmont Corp.; Ahafo, Ghana; segment ROA calculation
|
Dec 31, 2023 |
Dec 31, 2022 |
Dec 31, 2021 |
Dec 31, 2020 |
Dec 31, 2019 |
Selected Financial Data (US$ in millions) |
Income (loss) before income and mining tax and other items |
369) | 267) | 269) | —) | —) |
Total assets |
2,823) | 2,619) | 2,425) | —) | —) |
Segment Profitability Ratio |
Segment ROA1 |
13.07% | 10.19% | 11.09% | — | — |
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).
1 2023 Calculation
Segment ROA = 100 × Income (loss) before income and mining tax and other items ÷ Total assets
= 100 × 369 ÷ 2,823 = 13.07%
Segment profitability ratio |
Reportable segment |
The company |
Segment ROA |
Ahafo, Ghana |
Ahafo, Ghana segment ROA deteriorated from 2021 to 2022 but then improved from 2022 to 2023 exceeding 2021 level. |
Segment ROA: Akyem, Ghana
Newmont Corp.; Akyem, Ghana; segment ROA calculation
|
Dec 31, 2023 |
Dec 31, 2022 |
Dec 31, 2021 |
Dec 31, 2020 |
Dec 31, 2019 |
Selected Financial Data (US$ in millions) |
Income (loss) before income and mining tax and other items |
151) | 257) | 284) | —) | —) |
Total assets |
1,069) | 998) | 990) | —) | —) |
Segment Profitability Ratio |
Segment ROA1 |
14.13% | 25.75% | 28.69% | — | — |
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).
1 2023 Calculation
Segment ROA = 100 × Income (loss) before income and mining tax and other items ÷ Total assets
= 100 × 151 ÷ 1,069 = 14.13%
Segment profitability ratio |
Reportable segment |
The company |
Segment ROA |
Akyem, Ghana |
Akyem, Ghana segment ROA deteriorated from 2021 to 2022 and from 2022 to 2023. |
Segment ROA: NGM, U.S.
Newmont Corp.; NGM, U.S.; segment ROA calculation
|
Dec 31, 2023 |
Dec 31, 2022 |
Dec 31, 2021 |
Dec 31, 2020 |
Dec 31, 2019 |
Selected Financial Data (US$ in millions) |
Income (loss) before income and mining tax and other items |
432) | 434) | 818) | —) | —) |
Total assets |
7,401) | 7,419) | 7,584) | —) | —) |
Segment Profitability Ratio |
Segment ROA1 |
5.84% | 5.85% | 10.79% | — | — |
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).
1 2023 Calculation
Segment ROA = 100 × Income (loss) before income and mining tax and other items ÷ Total assets
= 100 × 432 ÷ 7,401 = 5.84%
Segment profitability ratio |
Reportable segment |
The company |
Segment ROA |
NGM, U.S. |
NGM, U.S. segment ROA deteriorated from 2021 to 2022 and from 2022 to 2023. |
Newmont Corp., asset turnover by reportable segment
|
Dec 31, 2023 |
Dec 31, 2022 |
Dec 31, 2021 |
Dec 31, 2020 |
Dec 31, 2019 |
CC&V, U.S. |
0.87 | 1.16 | 0.51 | — | — |
Musselwhite, Canada |
0.34 | 0.24 | 0.21 | — | — |
Porcupine, Canada |
0.34 | 0.36 | 0.33 | — | — |
Éléonore, Canada |
0.58 | 0.39 | 0.42 | — | — |
Red Chris, Canada |
0.01 | — | — | — | — |
Brucejack, Canada |
0.02 | — | — | — | — |
Peñasquito, Mexico |
0.19 | 0.34 | 0.40 | — | — |
Merian, Suriname |
0.67 | 0.78 | 0.82 | — | — |
Cerro Negro, Argentina |
0.31 | 0.31 | 0.22 | — | — |
Yanacocha, Peru |
0.25 | 0.20 | 0.27 | — | — |
Boddington, Australia |
0.76 | 0.78 | 0.67 | — | — |
Tanami, Australia |
0.46 | 0.55 | 0.66 | — | — |
Cadia, Australia |
0.07 | — | — | — | — |
Telfer, Australia |
0.26 | — | — | — | — |
Lihir, Papua New Guinea |
0.07 | — | — | — | — |
Ahafo, Ghana |
0.40 | 0.39 | 0.36 | — | — |
Akyem, Ghana |
0.54 | 0.75 | 0.69 | — | — |
NGM, U.S. |
0.31 | 0.28 | 0.30 | — | — |
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).
Segment activity ratio |
Reportable segment |
The company |
Segment asset turnover |
CC&V, U.S. |
CC&V, U.S. segment asset turnover ratio improved from 2021 to 2022 but then slightly deteriorated from 2022 to 2023. |
|
Musselwhite, Canada |
Musselwhite, Canada segment asset turnover ratio improved from 2021 to 2022 and from 2022 to 2023. |
|
Porcupine, Canada |
Porcupine, Canada segment asset turnover ratio improved from 2021 to 2022 but then slightly deteriorated from 2022 to 2023 not reaching 2021 level. |
|
Éléonore, Canada |
Éléonore, Canada segment asset turnover ratio deteriorated from 2021 to 2022 but then improved from 2022 to 2023 exceeding 2021 level. |
|
Red Chris, Canada |
|
|
Brucejack, Canada |
|
|
Peñasquito, Mexico |
Peñasquito, Mexico segment asset turnover ratio deteriorated from 2021 to 2022 and from 2022 to 2023. |
|
Merian, Suriname |
Merian, Suriname segment asset turnover ratio deteriorated from 2021 to 2022 and from 2022 to 2023. |
|
Cerro Negro, Argentina |
Cerro Negro, Argentina segment asset turnover ratio improved from 2021 to 2022 and from 2022 to 2023. |
|
Yanacocha, Peru |
Yanacocha, Peru segment asset turnover ratio deteriorated from 2021 to 2022 but then improved from 2022 to 2023 not reaching 2021 level. |
|
Boddington, Australia |
Boddington, Australia segment asset turnover ratio improved from 2021 to 2022 but then slightly deteriorated from 2022 to 2023. |
|
Tanami, Australia |
Tanami, Australia segment asset turnover ratio deteriorated from 2021 to 2022 and from 2022 to 2023. |
|
Cadia, Australia |
|
|
Telfer, Australia |
|
|
Lihir, Papua New Guinea |
|
|
Ahafo, Ghana |
Ahafo, Ghana segment asset turnover ratio improved from 2021 to 2022 and from 2022 to 2023. |
|
Akyem, Ghana |
Akyem, Ghana segment asset turnover ratio improved from 2021 to 2022 but then deteriorated significantly from 2022 to 2023. |
|
NGM, U.S. |
NGM, U.S. segment asset turnover ratio deteriorated from 2021 to 2022 but then improved from 2022 to 2023 exceeding 2021 level. |
Segment Asset Turnover: CC&V, U.S.
Newmont Corp.; CC&V, U.S.; segment asset turnover calculation
|
Dec 31, 2023 |
Dec 31, 2022 |
Dec 31, 2021 |
Dec 31, 2020 |
Dec 31, 2019 |
Selected Financial Data (US$ in millions) |
Sales |
332) | 333) | 396) | —) | —) |
Total assets |
383) | 286) | 777) | —) | —) |
Segment Activity Ratio |
Segment asset turnover1 |
0.87 | 1.16 | 0.51 | — | — |
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).
1 2023 Calculation
Segment asset turnover = Sales ÷ Total assets
= 332 ÷ 383 = 0.87
Segment activity ratio |
Reportable segment |
The company |
Segment asset turnover |
CC&V, U.S. |
CC&V, U.S. segment asset turnover ratio improved from 2021 to 2022 but then slightly deteriorated from 2022 to 2023. |
Segment Asset Turnover: Musselwhite, Canada
Newmont Corp.; Musselwhite, Canada; segment asset turnover calculation
|
Dec 31, 2023 |
Dec 31, 2022 |
Dec 31, 2021 |
Dec 31, 2020 |
Dec 31, 2019 |
Selected Financial Data (US$ in millions) |
Sales |
351) | 305) | 277) | —) | —) |
Total assets |
1,018) | 1,294) | 1,317) | —) | —) |
Segment Activity Ratio |
Segment asset turnover1 |
0.34 | 0.24 | 0.21 | — | — |
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).
1 2023 Calculation
Segment asset turnover = Sales ÷ Total assets
= 351 ÷ 1,018 = 0.34
Segment activity ratio |
Reportable segment |
The company |
Segment asset turnover |
Musselwhite, Canada |
Musselwhite, Canada segment asset turnover ratio improved from 2021 to 2022 and from 2022 to 2023. |
Segment Asset Turnover: Porcupine, Canada
Newmont Corp.; Porcupine, Canada; segment asset turnover calculation
|
Dec 31, 2023 |
Dec 31, 2022 |
Dec 31, 2021 |
Dec 31, 2020 |
Dec 31, 2019 |
Selected Financial Data (US$ in millions) |
Sales |
503) | 504) | 517) | —) | —) |
Total assets |
1,473) | 1,401) | 1,572) | —) | —) |
Segment Activity Ratio |
Segment asset turnover1 |
0.34 | 0.36 | 0.33 | — | — |
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).
1 2023 Calculation
Segment asset turnover = Sales ÷ Total assets
= 503 ÷ 1,473 = 0.34
Segment activity ratio |
Reportable segment |
The company |
Segment asset turnover |
Porcupine, Canada |
Porcupine, Canada segment asset turnover ratio improved from 2021 to 2022 but then slightly deteriorated from 2022 to 2023 not reaching 2021 level. |
Segment Asset Turnover: Éléonore, Canada
Newmont Corp.; Éléonore, Canada; segment asset turnover calculation
|
Dec 31, 2023 |
Dec 31, 2022 |
Dec 31, 2021 |
Dec 31, 2020 |
Dec 31, 2019 |
Selected Financial Data (US$ in millions) |
Sales |
453) | 391) | 446) | —) | —) |
Total assets |
777) | 1,010) | 1,062) | —) | —) |
Segment Activity Ratio |
Segment asset turnover1 |
0.58 | 0.39 | 0.42 | — | — |
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).
1 2023 Calculation
Segment asset turnover = Sales ÷ Total assets
= 453 ÷ 777 = 0.58
Segment activity ratio |
Reportable segment |
The company |
Segment asset turnover |
Éléonore, Canada |
Éléonore, Canada segment asset turnover ratio deteriorated from 2021 to 2022 but then improved from 2022 to 2023 exceeding 2021 level. |
Segment Asset Turnover: Red Chris, Canada
Newmont Corp.; Red Chris, Canada; segment asset turnover calculation
|
Dec 31, 2023 |
Dec 31, 2022 |
Dec 31, 2021 |
Dec 31, 2020 |
Dec 31, 2019 |
Selected Financial Data (US$ in millions) |
Sales |
32) | —) | —) | —) | —) |
Total assets |
2,178) | —) | —) | —) | —) |
Segment Activity Ratio |
Segment asset turnover1 |
0.01 | — | — | — | — |
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).
1 2023 Calculation
Segment asset turnover = Sales ÷ Total assets
= 32 ÷ 2,178 = 0.01
Segment activity ratio |
Reportable segment |
The company |
Segment asset turnover |
Red Chris, Canada |
|
Segment Asset Turnover: Brucejack, Canada
Newmont Corp.; Brucejack, Canada; segment asset turnover calculation
|
Dec 31, 2023 |
Dec 31, 2022 |
Dec 31, 2021 |
Dec 31, 2020 |
Dec 31, 2019 |
Selected Financial Data (US$ in millions) |
Sales |
72) | —) | —) | —) | —) |
Total assets |
4,006) | —) | —) | —) | —) |
Segment Activity Ratio |
Segment asset turnover1 |
0.02 | — | — | — | — |
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).
1 2023 Calculation
Segment asset turnover = Sales ÷ Total assets
= 72 ÷ 4,006 = 0.02
Segment activity ratio |
Reportable segment |
The company |
Segment asset turnover |
Brucejack, Canada |
|
Segment Asset Turnover: Peñasquito, Mexico
Newmont Corp.; Peñasquito, Mexico; segment asset turnover calculation
|
Dec 31, 2023 |
Dec 31, 2022 |
Dec 31, 2021 |
Dec 31, 2020 |
Dec 31, 2019 |
Selected Financial Data (US$ in millions) |
Sales |
901) | 2,189) | 2,634) | —) | —) |
Total assets |
4,738) | 6,430) | 6,561) | —) | —) |
Segment Activity Ratio |
Segment asset turnover1 |
0.19 | 0.34 | 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).
1 2023 Calculation
Segment asset turnover = Sales ÷ Total assets
= 901 ÷ 4,738 = 0.19
Segment activity ratio |
Reportable segment |
The company |
Segment asset turnover |
Peñasquito, Mexico |
Peñasquito, Mexico segment asset turnover ratio deteriorated from 2021 to 2022 and from 2022 to 2023. |
Segment Asset Turnover: Merian, Suriname
Newmont Corp.; Merian, Suriname; segment asset turnover calculation
|
Dec 31, 2023 |
Dec 31, 2022 |
Dec 31, 2021 |
Dec 31, 2020 |
Dec 31, 2019 |
Selected Financial Data (US$ in millions) |
Sales |
625) | 723) | 780) | —) | —) |
Total assets |
927) | 923) | 952) | —) | —) |
Segment Activity Ratio |
Segment asset turnover1 |
0.67 | 0.78 | 0.82 | — | — |
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).
1 2023 Calculation
Segment asset turnover = Sales ÷ Total assets
= 625 ÷ 927 = 0.67
Segment activity ratio |
Reportable segment |
The company |
Segment asset turnover |
Merian, Suriname |
Merian, Suriname segment asset turnover ratio deteriorated from 2021 to 2022 and from 2022 to 2023. |
Segment Asset Turnover: Cerro Negro, Argentina
Newmont Corp.; Cerro Negro, Argentina; segment asset turnover calculation
|
Dec 31, 2023 |
Dec 31, 2022 |
Dec 31, 2021 |
Dec 31, 2020 |
Dec 31, 2019 |
Selected Financial Data (US$ in millions) |
Sales |
510) | 508) | 480) | —) | —) |
Total assets |
1,646) | 1,659) | 2,183) | —) | —) |
Segment Activity Ratio |
Segment asset turnover1 |
0.31 | 0.31 | 0.22 | — | — |
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).
1 2023 Calculation
Segment asset turnover = Sales ÷ Total assets
= 510 ÷ 1,646 = 0.31
Segment activity ratio |
Reportable segment |
The company |
Segment asset turnover |
Cerro Negro, Argentina |
Cerro Negro, Argentina segment asset turnover ratio improved from 2021 to 2022 and from 2022 to 2023. |
Segment Asset Turnover: Yanacocha, Peru
Newmont Corp.; Yanacocha, Peru; segment asset turnover calculation
|
Dec 31, 2023 |
Dec 31, 2022 |
Dec 31, 2021 |
Dec 31, 2020 |
Dec 31, 2019 |
Selected Financial Data (US$ in millions) |
Sales |
537) | 451) | 471) | —) | —) |
Total assets |
2,117) | 2,225) | 1,735) | —) | —) |
Segment Activity Ratio |
Segment asset turnover1 |
0.25 | 0.20 | 0.27 | — | — |
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).
1 2023 Calculation
Segment asset turnover = Sales ÷ Total assets
= 537 ÷ 2,117 = 0.25
Segment activity ratio |
Reportable segment |
The company |
Segment asset turnover |
Yanacocha, Peru |
Yanacocha, Peru segment asset turnover ratio deteriorated from 2021 to 2022 but then improved from 2022 to 2023 not reaching 2021 level. |
Segment Asset Turnover: Boddington, Australia
Newmont Corp.; Boddington, Australia; segment asset turnover calculation
|
Dec 31, 2023 |
Dec 31, 2022 |
Dec 31, 2021 |
Dec 31, 2020 |
Dec 31, 2019 |
Selected Financial Data (US$ in millions) |
Sales |
1,814) | 1,763) | 1,507) | —) | —) |
Total assets |
2,376) | 2,264) | 2,261) | —) | —) |
Segment Activity Ratio |
Segment asset turnover1 |
0.76 | 0.78 | 0.67 | — | — |
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).
1 2023 Calculation
Segment asset turnover = Sales ÷ Total assets
= 1,814 ÷ 2,376 = 0.76
Segment activity ratio |
Reportable segment |
The company |
Segment asset turnover |
Boddington, Australia |
Boddington, Australia segment asset turnover ratio improved from 2021 to 2022 but then slightly deteriorated from 2022 to 2023. |
Segment Asset Turnover: Tanami, Australia
Newmont Corp.; Tanami, Australia; segment asset turnover calculation
|
Dec 31, 2023 |
Dec 31, 2022 |
Dec 31, 2021 |
Dec 31, 2020 |
Dec 31, 2019 |
Selected Financial Data (US$ in millions) |
Sales |
867) | 878) | 879) | —) | —) |
Total assets |
1,896) | 1,585) | 1,334) | —) | —) |
Segment Activity Ratio |
Segment asset turnover1 |
0.46 | 0.55 | 0.66 | — | — |
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).
1 2023 Calculation
Segment asset turnover = Sales ÷ Total assets
= 867 ÷ 1,896 = 0.46
Segment activity ratio |
Reportable segment |
The company |
Segment asset turnover |
Tanami, Australia |
Tanami, Australia segment asset turnover ratio deteriorated from 2021 to 2022 and from 2022 to 2023. |
Segment Asset Turnover: Cadia, Australia
Newmont Corp.; Cadia, Australia; segment asset turnover calculation
|
Dec 31, 2023 |
Dec 31, 2022 |
Dec 31, 2021 |
Dec 31, 2020 |
Dec 31, 2019 |
Selected Financial Data (US$ in millions) |
Sales |
422) | —) | —) | —) | —) |
Total assets |
6,351) | —) | —) | —) | —) |
Segment Activity Ratio |
Segment asset turnover1 |
0.07 | — | — | — | — |
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).
1 2023 Calculation
Segment asset turnover = Sales ÷ Total assets
= 422 ÷ 6,351 = 0.07
Segment activity ratio |
Reportable segment |
The company |
Segment asset turnover |
Cadia, Australia |
|
Segment Asset Turnover: Telfer, Australia
Newmont Corp.; Telfer, Australia; segment asset turnover calculation
|
Dec 31, 2023 |
Dec 31, 2022 |
Dec 31, 2021 |
Dec 31, 2020 |
Dec 31, 2019 |
Selected Financial Data (US$ in millions) |
Sales |
152) | —) | —) | —) | —) |
Total assets |
574) | —) | —) | —) | —) |
Segment Activity Ratio |
Segment asset turnover1 |
0.26 | — | — | — | — |
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).
1 2023 Calculation
Segment asset turnover = Sales ÷ Total assets
= 152 ÷ 574 = 0.26
Segment activity ratio |
Reportable segment |
The company |
Segment asset turnover |
Telfer, Australia |
|
Segment Asset Turnover: Lihir, Papua New Guinea
Newmont Corp.; Lihir, Papua New Guinea; segment asset turnover calculation
|
Dec 31, 2023 |
Dec 31, 2022 |
Dec 31, 2021 |
Dec 31, 2020 |
Dec 31, 2019 |
Selected Financial Data (US$ in millions) |
Sales |
266) | —) | —) | —) | —) |
Total assets |
3,909) | —) | —) | —) | —) |
Segment Activity Ratio |
Segment asset turnover1 |
0.07 | — | — | — | — |
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).
1 2023 Calculation
Segment asset turnover = Sales ÷ Total assets
= 266 ÷ 3,909 = 0.07
Segment activity ratio |
Reportable segment |
The company |
Segment asset turnover |
Lihir, Papua New Guinea |
|
Segment Asset Turnover: Ahafo, Ghana
Newmont Corp.; Ahafo, Ghana; segment asset turnover calculation
|
Dec 31, 2023 |
Dec 31, 2022 |
Dec 31, 2021 |
Dec 31, 2020 |
Dec 31, 2019 |
Selected Financial Data (US$ in millions) |
Sales |
1,130) | 1,023) | 864) | —) | —) |
Total assets |
2,823) | 2,619) | 2,425) | —) | —) |
Segment Activity Ratio |
Segment asset turnover1 |
0.40 | 0.39 | 0.36 | — | — |
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).
1 2023 Calculation
Segment asset turnover = Sales ÷ Total assets
= 1,130 ÷ 2,823 = 0.40
Segment activity ratio |
Reportable segment |
The company |
Segment asset turnover |
Ahafo, Ghana |
Ahafo, Ghana segment asset turnover ratio improved from 2021 to 2022 and from 2022 to 2023. |
Segment Asset Turnover: Akyem, Ghana
Newmont Corp.; Akyem, Ghana; segment asset turnover calculation
|
Dec 31, 2023 |
Dec 31, 2022 |
Dec 31, 2021 |
Dec 31, 2020 |
Dec 31, 2019 |
Selected Financial Data (US$ in millions) |
Sales |
574) | 749) | 680) | —) | —) |
Total assets |
1,069) | 998) | 990) | —) | —) |
Segment Activity Ratio |
Segment asset turnover1 |
0.54 | 0.75 | 0.69 | — | — |
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).
1 2023 Calculation
Segment asset turnover = Sales ÷ Total assets
= 574 ÷ 1,069 = 0.54
Segment activity ratio |
Reportable segment |
The company |
Segment asset turnover |
Akyem, Ghana |
Akyem, Ghana segment asset turnover ratio improved from 2021 to 2022 but then deteriorated significantly from 2022 to 2023. |
Segment Asset Turnover: NGM, U.S.
Newmont Corp.; NGM, U.S.; segment asset turnover calculation
|
Dec 31, 2023 |
Dec 31, 2022 |
Dec 31, 2021 |
Dec 31, 2020 |
Dec 31, 2019 |
Selected Financial Data (US$ in millions) |
Sales |
2,271) | 2,098) | 2,291) | —) | —) |
Total assets |
7,401) | 7,419) | 7,584) | —) | —) |
Segment Activity Ratio |
Segment asset turnover1 |
0.31 | 0.28 | 0.30 | — | — |
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).
1 2023 Calculation
Segment asset turnover = Sales ÷ Total assets
= 2,271 ÷ 7,401 = 0.31
Segment activity ratio |
Reportable segment |
The company |
Segment asset turnover |
NGM, U.S. |
NGM, U.S. segment asset turnover ratio deteriorated from 2021 to 2022 but then improved from 2022 to 2023 exceeding 2021 level. |
Newmont Corp., capital expenditures to depreciation by reportable segment
|
Dec 31, 2023 |
Dec 31, 2022 |
Dec 31, 2021 |
Dec 31, 2020 |
Dec 31, 2019 |
CC&V, U.S. |
2.78 | 0.62 | 0.64 | — | — |
Musselwhite, Canada |
1.30 | 0.68 | 0.49 | — | — |
Porcupine, Canada |
1.42 | 1.46 | 0.75 | — | — |
Éléonore, Canada |
1.05 | 0.52 | 0.33 | — | — |
Red Chris, Canada |
6.25 | — | — | — | — |
Brucejack, Canada |
1.00 | — | — | — | — |
Peñasquito, Mexico |
0.32 | 0.43 | 0.28 | — | — |
Merian, Suriname |
1.02 | 0.70 | 0.48 | — | — |
Cerro Negro, Argentina |
1.18 | 0.89 | 0.79 | — | — |
Yanacocha, Peru |
3.67 | 4.62 | 1.54 | — | — |
Boddington, Australia |
1.15 | 0.47 | 1.43 | — | — |
Tanami, Australia |
3.75 | 3.40 | 3.04 | — | — |
Cadia, Australia |
2.50 | — | — | — | — |
Telfer, Australia |
1.29 | — | — | — | — |
Lihir, Papua New Guinea |
2.65 | — | — | — | — |
Ahafo, Ghana |
1.71 | 1.60 | 1.49 | — | — |
Akyem, Ghana |
0.33 | 0.24 | 0.55 | — | — |
NGM, U.S. |
1.04 | 0.65 | 0.43 | — | — |
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).
Segment financial ratio |
Reportable segment |
The company |
Segment capital expenditures to depreciation |
CC&V, U.S. |
CC&V, U.S. segment capital expenditures to depreciation ratio deteriorated from 2021 to 2022 but then improved from 2022 to 2023 exceeding 2021 level. |
|
Musselwhite, Canada |
Musselwhite, Canada segment capital expenditures to depreciation ratio improved from 2021 to 2022 and from 2022 to 2023. |
|
Porcupine, Canada |
Porcupine, Canada segment capital expenditures to depreciation ratio improved from 2021 to 2022 but then slightly deteriorated from 2022 to 2023. |
|
Éléonore, Canada |
Éléonore, Canada segment capital expenditures to depreciation ratio improved from 2021 to 2022 and from 2022 to 2023. |
|
Red Chris, Canada |
|
|
Brucejack, Canada |
|
|
Peñasquito, Mexico |
Peñasquito, Mexico segment capital expenditures to depreciation ratio improved from 2021 to 2022 but then slightly deteriorated from 2022 to 2023 not reaching 2021 level. |
|
Merian, Suriname |
Merian, Suriname segment capital expenditures to depreciation ratio improved from 2021 to 2022 and from 2022 to 2023. |
|
Cerro Negro, Argentina |
Cerro Negro, Argentina segment capital expenditures to depreciation ratio improved from 2021 to 2022 and from 2022 to 2023. |
|
Yanacocha, Peru |
Yanacocha, Peru segment capital expenditures to depreciation ratio improved from 2021 to 2022 but then slightly deteriorated from 2022 to 2023. |
|
Boddington, Australia |
Boddington, Australia segment capital expenditures to depreciation ratio deteriorated from 2021 to 2022 but then improved from 2022 to 2023 not reaching 2021 level. |
|
Tanami, Australia |
Tanami, Australia segment capital expenditures to depreciation ratio improved from 2021 to 2022 and from 2022 to 2023. |
|
Cadia, Australia |
|
|
Telfer, Australia |
|
|
Lihir, Papua New Guinea |
|
|
Ahafo, Ghana |
Ahafo, Ghana segment capital expenditures to depreciation ratio improved from 2021 to 2022 and from 2022 to 2023. |
|
Akyem, Ghana |
Akyem, Ghana segment capital expenditures to depreciation ratio deteriorated from 2021 to 2022 but then slightly improved from 2022 to 2023. |
|
NGM, U.S. |
NGM, U.S. segment capital expenditures to depreciation ratio improved from 2021 to 2022 and from 2022 to 2023. |
Segment Capital Expenditures to Depreciation: CC&V, U.S.
Newmont Corp.; CC&V, U.S.; segment capital expenditures to depreciation calculation
|
Dec 31, 2023 |
Dec 31, 2022 |
Dec 31, 2021 |
Dec 31, 2020 |
Dec 31, 2019 |
Selected Financial Data (US$ in millions) |
Capital expenditures |
64) | 44) | 42) | —) | —) |
Depreciation and amortization |
23) | 71) | 66) | —) | —) |
Segment Financial Ratio |
Segment capital expenditures to depreciation1 |
2.78 | 0.62 | 0.64 | — | — |
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).
1 2023 Calculation
Segment capital expenditures to depreciation = Capital expenditures ÷ Depreciation and amortization
= 64 ÷ 23 = 2.78
Segment financial ratio |
Reportable segment |
The company |
Segment capital expenditures to depreciation |
CC&V, U.S. |
CC&V, U.S. segment capital expenditures to depreciation ratio deteriorated from 2021 to 2022 but then improved from 2022 to 2023 exceeding 2021 level. |
Segment Capital Expenditures to Depreciation: Musselwhite, Canada
Newmont Corp.; Musselwhite, Canada; segment capital expenditures to depreciation calculation
|
Dec 31, 2023 |
Dec 31, 2022 |
Dec 31, 2021 |
Dec 31, 2020 |
Dec 31, 2019 |
Selected Financial Data (US$ in millions) |
Capital expenditures |
104) | 54) | 39) | —) | —) |
Depreciation and amortization |
80) | 79) | 80) | —) | —) |
Segment Financial Ratio |
Segment capital expenditures to depreciation1 |
1.30 | 0.68 | 0.49 | — | — |
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).
1 2023 Calculation
Segment capital expenditures to depreciation = Capital expenditures ÷ Depreciation and amortization
= 104 ÷ 80 = 1.30
Segment financial ratio |
Reportable segment |
The company |
Segment capital expenditures to depreciation |
Musselwhite, Canada |
Musselwhite, Canada segment capital expenditures to depreciation ratio improved from 2021 to 2022 and from 2022 to 2023. |
Segment Capital Expenditures to Depreciation: Porcupine, Canada
Newmont Corp.; Porcupine, Canada; segment capital expenditures to depreciation calculation
|
Dec 31, 2023 |
Dec 31, 2022 |
Dec 31, 2021 |
Dec 31, 2020 |
Dec 31, 2019 |
Selected Financial Data (US$ in millions) |
Capital expenditures |
166) | 152) | 68) | —) | —) |
Depreciation and amortization |
117) | 104) | 91) | —) | —) |
Segment Financial Ratio |
Segment capital expenditures to depreciation1 |
1.42 | 1.46 | 0.75 | — | — |
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).
1 2023 Calculation
Segment capital expenditures to depreciation = Capital expenditures ÷ Depreciation and amortization
= 166 ÷ 117 = 1.42
Segment financial ratio |
Reportable segment |
The company |
Segment capital expenditures to depreciation |
Porcupine, Canada |
Porcupine, Canada segment capital expenditures to depreciation ratio improved from 2021 to 2022 but then slightly deteriorated from 2022 to 2023. |
Segment Capital Expenditures to Depreciation: Éléonore, Canada
Newmont Corp.; Éléonore, Canada; segment capital expenditures to depreciation calculation
|
Dec 31, 2023 |
Dec 31, 2022 |
Dec 31, 2021 |
Dec 31, 2020 |
Dec 31, 2019 |
Selected Financial Data (US$ in millions) |
Capital expenditures |
106) | 60) | 46) | —) | —) |
Depreciation and amortization |
101) | 115) | 139) | —) | —) |
Segment Financial Ratio |
Segment capital expenditures to depreciation1 |
1.05 | 0.52 | 0.33 | — | — |
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).
1 2023 Calculation
Segment capital expenditures to depreciation = Capital expenditures ÷ Depreciation and amortization
= 106 ÷ 101 = 1.05
Segment financial ratio |
Reportable segment |
The company |
Segment capital expenditures to depreciation |
Éléonore, Canada |
Éléonore, Canada segment capital expenditures to depreciation ratio improved from 2021 to 2022 and from 2022 to 2023. |
Segment Capital Expenditures to Depreciation: Red Chris, Canada
Newmont Corp.; Red Chris, Canada; segment capital expenditures to depreciation calculation
|
Dec 31, 2023 |
Dec 31, 2022 |
Dec 31, 2021 |
Dec 31, 2020 |
Dec 31, 2019 |
Selected Financial Data (US$ in millions) |
Capital expenditures |
25) | —) | —) | —) | —) |
Depreciation and amortization |
4) | —) | —) | —) | —) |
Segment Financial Ratio |
Segment capital expenditures to depreciation1 |
6.25 | — | — | — | — |
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).
1 2023 Calculation
Segment capital expenditures to depreciation = Capital expenditures ÷ Depreciation and amortization
= 25 ÷ 4 = 6.25
Segment financial ratio |
Reportable segment |
The company |
Segment capital expenditures to depreciation |
Red Chris, Canada |
|
Segment Capital Expenditures to Depreciation: Brucejack, Canada
Newmont Corp.; Brucejack, Canada; segment capital expenditures to depreciation calculation
|
Dec 31, 2023 |
Dec 31, 2022 |
Dec 31, 2021 |
Dec 31, 2020 |
Dec 31, 2019 |
Selected Financial Data (US$ in millions) |
Capital expenditures |
22) | —) | —) | —) | —) |
Depreciation and amortization |
22) | —) | —) | —) | —) |
Segment Financial Ratio |
Segment capital expenditures to depreciation1 |
1.00 | — | — | — | — |
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).
1 2023 Calculation
Segment capital expenditures to depreciation = Capital expenditures ÷ Depreciation and amortization
= 22 ÷ 22 = 1.00
Segment financial ratio |
Reportable segment |
The company |
Segment capital expenditures to depreciation |
Brucejack, Canada |
|
Segment Capital Expenditures to Depreciation: Peñasquito, Mexico
Newmont Corp.; Peñasquito, Mexico; segment capital expenditures to depreciation calculation
|
Dec 31, 2023 |
Dec 31, 2022 |
Dec 31, 2021 |
Dec 31, 2020 |
Dec 31, 2019 |
Selected Financial Data (US$ in millions) |
Capital expenditures |
113) | 183) | 144) | —) | —) |
Depreciation and amortization |
351) | 427) | 521) | —) | —) |
Segment Financial Ratio |
Segment capital expenditures to depreciation1 |
0.32 | 0.43 | 0.28 | — | — |
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).
1 2023 Calculation
Segment capital expenditures to depreciation = Capital expenditures ÷ Depreciation and amortization
= 113 ÷ 351 = 0.32
Segment financial ratio |
Reportable segment |
The company |
Segment capital expenditures to depreciation |
Peñasquito, Mexico |
Peñasquito, Mexico segment capital expenditures to depreciation ratio improved from 2021 to 2022 but then slightly deteriorated from 2022 to 2023 not reaching 2021 level. |
Segment Capital Expenditures to Depreciation: Merian, Suriname
Newmont Corp.; Merian, Suriname; segment capital expenditures to depreciation calculation
|
Dec 31, 2023 |
Dec 31, 2022 |
Dec 31, 2021 |
Dec 31, 2020 |
Dec 31, 2019 |
Selected Financial Data (US$ in millions) |
Capital expenditures |
84) | 56) | 47) | —) | —) |
Depreciation and amortization |
82) | 80) | 98) | —) | —) |
Segment Financial Ratio |
Segment capital expenditures to depreciation1 |
1.02 | 0.70 | 0.48 | — | — |
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).
1 2023 Calculation
Segment capital expenditures to depreciation = Capital expenditures ÷ Depreciation and amortization
= 84 ÷ 82 = 1.02
Segment financial ratio |
Reportable segment |
The company |
Segment capital expenditures to depreciation |
Merian, Suriname |
Merian, Suriname segment capital expenditures to depreciation ratio improved from 2021 to 2022 and from 2022 to 2023. |
Segment Capital Expenditures to Depreciation: Cerro Negro, Argentina
Newmont Corp.; Cerro Negro, Argentina; segment capital expenditures to depreciation calculation
|
Dec 31, 2023 |
Dec 31, 2022 |
Dec 31, 2021 |
Dec 31, 2020 |
Dec 31, 2019 |
Selected Financial Data (US$ in millions) |
Capital expenditures |
162) | 132) | 108) | —) | —) |
Depreciation and amortization |
137) | 148) | 137) | —) | —) |
Segment Financial Ratio |
Segment capital expenditures to depreciation1 |
1.18 | 0.89 | 0.79 | — | — |
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).
1 2023 Calculation
Segment capital expenditures to depreciation = Capital expenditures ÷ Depreciation and amortization
= 162 ÷ 137 = 1.18
Segment financial ratio |
Reportable segment |
The company |
Segment capital expenditures to depreciation |
Cerro Negro, Argentina |
Cerro Negro, Argentina segment capital expenditures to depreciation ratio improved from 2021 to 2022 and from 2022 to 2023. |
Segment Capital Expenditures to Depreciation: Yanacocha, Peru
Newmont Corp.; Yanacocha, Peru; segment capital expenditures to depreciation calculation
|
Dec 31, 2023 |
Dec 31, 2022 |
Dec 31, 2021 |
Dec 31, 2020 |
Dec 31, 2019 |
Selected Financial Data (US$ in millions) |
Capital expenditures |
312) | 439) | 171) | —) | —) |
Depreciation and amortization |
85) | 95) | 111) | —) | —) |
Segment Financial Ratio |
Segment capital expenditures to depreciation1 |
3.67 | 4.62 | 1.54 | — | — |
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).
1 2023 Calculation
Segment capital expenditures to depreciation = Capital expenditures ÷ Depreciation and amortization
= 312 ÷ 85 = 3.67
Segment financial ratio |
Reportable segment |
The company |
Segment capital expenditures to depreciation |
Yanacocha, Peru |
Yanacocha, Peru segment capital expenditures to depreciation ratio improved from 2021 to 2022 but then slightly deteriorated from 2022 to 2023. |
Segment Capital Expenditures to Depreciation: Boddington, Australia
Newmont Corp.; Boddington, Australia; segment capital expenditures to depreciation calculation
|
Dec 31, 2023 |
Dec 31, 2022 |
Dec 31, 2021 |
Dec 31, 2020 |
Dec 31, 2019 |
Selected Financial Data (US$ in millions) |
Capital expenditures |
164) | 72) | 174) | —) | —) |
Depreciation and amortization |
143) | 152) | 122) | —) | —) |
Segment Financial Ratio |
Segment capital expenditures to depreciation1 |
1.15 | 0.47 | 1.43 | — | — |
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).
1 2023 Calculation
Segment capital expenditures to depreciation = Capital expenditures ÷ Depreciation and amortization
= 164 ÷ 143 = 1.15
Segment financial ratio |
Reportable segment |
The company |
Segment capital expenditures to depreciation |
Boddington, Australia |
Boddington, Australia segment capital expenditures to depreciation ratio deteriorated from 2021 to 2022 but then improved from 2022 to 2023 not reaching 2021 level. |
Segment Capital Expenditures to Depreciation: Tanami, Australia
Newmont Corp.; Tanami, Australia; segment capital expenditures to depreciation calculation
|
Dec 31, 2023 |
Dec 31, 2022 |
Dec 31, 2021 |
Dec 31, 2020 |
Dec 31, 2019 |
Selected Financial Data (US$ in millions) |
Capital expenditures |
413) | 343) | 304) | —) | —) |
Depreciation and amortization |
110) | 101) | 100) | —) | —) |
Segment Financial Ratio |
Segment capital expenditures to depreciation1 |
3.75 | 3.40 | 3.04 | — | — |
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).
1 2023 Calculation
Segment capital expenditures to depreciation = Capital expenditures ÷ Depreciation and amortization
= 413 ÷ 110 = 3.75
Segment financial ratio |
Reportable segment |
The company |
Segment capital expenditures to depreciation |
Tanami, Australia |
Tanami, Australia segment capital expenditures to depreciation ratio improved from 2021 to 2022 and from 2022 to 2023. |
Segment Capital Expenditures to Depreciation: Cadia, Australia
Newmont Corp.; Cadia, Australia; segment capital expenditures to depreciation calculation
|
Dec 31, 2023 |
Dec 31, 2022 |
Dec 31, 2021 |
Dec 31, 2020 |
Dec 31, 2019 |
Selected Financial Data (US$ in millions) |
Capital expenditures |
75) | —) | —) | —) | —) |
Depreciation and amortization |
30) | —) | —) | —) | —) |
Segment Financial Ratio |
Segment capital expenditures to depreciation1 |
2.50 | — | — | — | — |
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).
1 2023 Calculation
Segment capital expenditures to depreciation = Capital expenditures ÷ Depreciation and amortization
= 75 ÷ 30 = 2.50
Segment financial ratio |
Reportable segment |
The company |
Segment capital expenditures to depreciation |
Cadia, Australia |
|
Segment Capital Expenditures to Depreciation: Telfer, Australia
Newmont Corp.; Telfer, Australia; segment capital expenditures to depreciation calculation
|
Dec 31, 2023 |
Dec 31, 2022 |
Dec 31, 2021 |
Dec 31, 2020 |
Dec 31, 2019 |
Selected Financial Data (US$ in millions) |
Capital expenditures |
9) | —) | —) | —) | —) |
Depreciation and amortization |
7) | —) | —) | —) | —) |
Segment Financial Ratio |
Segment capital expenditures to depreciation1 |
1.29 | — | — | — | — |
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).
1 2023 Calculation
Segment capital expenditures to depreciation = Capital expenditures ÷ Depreciation and amortization
= 9 ÷ 7 = 1.29
Segment financial ratio |
Reportable segment |
The company |
Segment capital expenditures to depreciation |
Telfer, Australia |
|
Segment Capital Expenditures to Depreciation: Lihir, Papua New Guinea
Newmont Corp.; Lihir, Papua New Guinea; segment capital expenditures to depreciation calculation
|
Dec 31, 2023 |
Dec 31, 2022 |
Dec 31, 2021 |
Dec 31, 2020 |
Dec 31, 2019 |
Selected Financial Data (US$ in millions) |
Capital expenditures |
53) | —) | —) | —) | —) |
Depreciation and amortization |
20) | —) | —) | —) | —) |
Segment Financial Ratio |
Segment capital expenditures to depreciation1 |
2.65 | — | — | — | — |
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).
1 2023 Calculation
Segment capital expenditures to depreciation = Capital expenditures ÷ Depreciation and amortization
= 53 ÷ 20 = 2.65
Segment financial ratio |
Reportable segment |
The company |
Segment capital expenditures to depreciation |
Lihir, Papua New Guinea |
|
Segment Capital Expenditures to Depreciation: Ahafo, Ghana
Newmont Corp.; Ahafo, Ghana; segment capital expenditures to depreciation calculation
|
Dec 31, 2023 |
Dec 31, 2022 |
Dec 31, 2021 |
Dec 31, 2020 |
Dec 31, 2019 |
Selected Financial Data (US$ in millions) |
Capital expenditures |
310) | 268) | 213) | —) | —) |
Depreciation and amortization |
181) | 167) | 143) | —) | —) |
Segment Financial Ratio |
Segment capital expenditures to depreciation1 |
1.71 | 1.60 | 1.49 | — | — |
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).
1 2023 Calculation
Segment capital expenditures to depreciation = Capital expenditures ÷ Depreciation and amortization
= 310 ÷ 181 = 1.71
Segment financial ratio |
Reportable segment |
The company |
Segment capital expenditures to depreciation |
Ahafo, Ghana |
Ahafo, Ghana segment capital expenditures to depreciation ratio improved from 2021 to 2022 and from 2022 to 2023. |
Segment Capital Expenditures to Depreciation: Akyem, Ghana
Newmont Corp.; Akyem, Ghana; segment capital expenditures to depreciation calculation
|
Dec 31, 2023 |
Dec 31, 2022 |
Dec 31, 2021 |
Dec 31, 2020 |
Dec 31, 2019 |
Selected Financial Data (US$ in millions) |
Capital expenditures |
40) | 34) | 66) | —) | —) |
Depreciation and amortization |
122) | 141) | 120) | —) | —) |
Segment Financial Ratio |
Segment capital expenditures to depreciation1 |
0.33 | 0.24 | 0.55 | — | — |
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).
1 2023 Calculation
Segment capital expenditures to depreciation = Capital expenditures ÷ Depreciation and amortization
= 40 ÷ 122 = 0.33
Segment financial ratio |
Reportable segment |
The company |
Segment capital expenditures to depreciation |
Akyem, Ghana |
Akyem, Ghana segment capital expenditures to depreciation ratio deteriorated from 2021 to 2022 but then slightly improved from 2022 to 2023. |
Segment Capital Expenditures to Depreciation: NGM, U.S.
Newmont Corp.; NGM, U.S.; segment capital expenditures to depreciation calculation
|
Dec 31, 2023 |
Dec 31, 2022 |
Dec 31, 2021 |
Dec 31, 2020 |
Dec 31, 2019 |
Selected Financial Data (US$ in millions) |
Capital expenditures |
472) | 308) | 234) | —) | —) |
Depreciation and amortization |
452) | 471) | 550) | —) | —) |
Segment Financial Ratio |
Segment capital expenditures to depreciation1 |
1.04 | 0.65 | 0.43 | — | — |
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).
1 2023 Calculation
Segment capital expenditures to depreciation = Capital expenditures ÷ Depreciation and amortization
= 472 ÷ 452 = 1.04
Segment financial ratio |
Reportable segment |
The company |
Segment capital expenditures to depreciation |
NGM, U.S. |
NGM, U.S. segment capital expenditures to depreciation ratio improved from 2021 to 2022 and from 2022 to 2023. |