Newmont (NEM) FY2014 results: revenue $6.8 billion, down 19.0% on the year
Newmont Corp. (NEM) reported revenue of $6.8 billion for fiscal 2014, the year ended 31 December 2014, down 19.0% on the year before. Net income was $508 million, and diluted earnings per share $1.02. The figures are the company's own, from the 10-K it filed with the SEC on 20 February 2015.
Revenue
$6.8 billion
-19.0% on the year
FY2011FY2014
Operating margin
14.6%
-43.4% a year earlier
FY2011FY2014
Net income
$508 million
FY2011FY2014
Diluted EPS
$1.02
FY2011FY2014
this yearthe year beforeHover a bar for its figure.
The year in brief
Income statement (profit and loss)
$ million
FY2014
FY2013
FY2012
On the year
Last 8 years
Revenue
6,819
8,414
9,964
-19.0%
Research and development
159
222
348
-28.4%
Operating income
993
-3,652
3,085
Operating margin
14.6%
-43.4%
31.0%
Interest expense
330
303
249
+8.9%
Pre-tax income
821
-3,606
3,114
Income tax
204
-755
876
Effective tax rate
24.8%
n/a
28.1%
Net income
508
-2,534
1,802
Net margin
7.4%
-30.1%
18.1%
Diluted EPS
$1.02
-$5.09
$3.61
$ million except per share. Read moreFree cash flow is operating cash flow less capital expenditure; the effective tax rate is income tax over pre-tax income; margins are the line over revenue. Gross profit is revenue less cost of revenue, and operating income is revenue less the company's own total costs, where the statement does not print those lines. Those four are arithmetic on the filed numbers; everything else is as filed. Money is in $ million as the company files it, or in $ billion by the switch above the tables; per share figures and share counts are as they are.
Cash flow
$ million
FY2014
FY2013
FY2012
On the year
Last 8 years
Operating cash flow
1,438
1,543
2,372
-6.8%
Capital expenditure
1,040
1,900
3,210
-45.3%
Free cash flow
398
-357
-838
Free cash flow margin
5.8%
-4.2%
-8.4%
Cash from investing
-507
n/a
-3,264
Cash from financing
-65.0
n/a
689
Depreciation and amortisation
1,088
1,362
1,032
-20.1%
Share-based compensation
51.0
51.0
51.0
0.0%
Dividends paid
114
611
695
-81.3%
Dividend per share
$0.23
$1.23
$1.40
-81.6%
Diluted shares, weighted
499m
498m
499m
+0.2%
Balance sheet
$ million
FY2014
FY2013
FY2012
On the year
Last 8 years
Shareholders' equity
10,274
9,993
13,696
+2.8%
Non-controlling interest
2,815
2,916
3,175
-3.5%
Debt
6,646
6,740
6,298
-1.4%
Other liabilities
5,123
4,958
6,404
+3.3%
Total liabilities and equity
24,858
24,607
29,573
+1.0%
Fixed assets
13,650
14,277
18,010
-4.4%
Goodwill
105
132
188
-20.5%
Intangible assets
109
98.0
136
+11.2%
Investments
407
517
1,532
-21.3%
Cash and equivalents
2,231
1,312
1,561
+70.0%
Receivables
186
230
283
-19.1%
Inventory
700
717
796
-2.4%
Other assets
7,470
7,324
7,067
+2.0%
Total assets
24,858
24,607
29,573
+1.0%
10-K for the year ended 31 December 2014, filed 20 February 2015: the filing.