Newmont (NEM) FY2015 results: revenue $6.1 billion, down 10.8% on the year
Newmont Corp. (NEM) reported revenue of $6.1 billion for fiscal 2015, the year ended 31 December 2015, down 10.8% on the year before. Net income was $206 million, down 59.4%, and diluted earnings per share $0.40. The figures are the company's own, from the 10-K it filed with the SEC on 17 February 2016.
Revenue
$6.1 billion
-10.8% on the year
FY2011FY2015
Operating margin
7.1%
14.6% a year earlier
FY2011FY2015
Net income
$206 million
-59.4% on the year
FY2011FY2015
Diluted EPS
$0.40
-60.8% on the year
FY2011FY2015
this yearthe year beforeHover a bar for its figure.
The year in brief
Income statement (profit and loss)
$ million
FY2015
FY2014
FY2013
On the year
Last 8 years
Revenue
6,085
6,819
8,414
-10.8%
Research and development
126
159
222
-20.8%
Operating income
432
993
-3,652
-56.5%
Operating margin
7.1%
14.6%
-43.4%
Interest expense
297
330
303
-10.0%
Pre-tax income
270
821
-3,606
-67.1%
Income tax
386
204
-755
+89.2%
Effective tax rate
143.0%
24.8%
n/a
Net income
206
508
-2,534
-59.4%
Net margin
3.4%
7.4%
-30.1%
Diluted EPS
$0.40
$1.02
-$5.09
-60.8%
$ 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
FY2015
FY2014
FY2013
On the year
Last 8 years
Operating cash flow
2,145
1,438
1,543
+49.2%
Capital expenditure
1,311
1,040
1,900
+26.1%
Free cash flow
834
398
-357
+109.5%
Free cash flow margin
13.7%
5.8%
-4.2%
Cash from investing
-2,041
-507
n/a
Cash from financing
302
-65.0
n/a
Depreciation and amortisation
1,121
1,088
1,362
+3.0%
Share-based compensation
77.0
51.0
51.0
+51.0%
Dividends paid
52.0
114
611
-54.4%
Dividend per share
$0.10
$0.23
$1.23
-55.6%
Diluted shares, weighted
516m
499m
498m
+3.4%
Balance sheet
$ million
FY2015
FY2014
FY2013
On the year
Last 8 years
Shareholders' equity
11,350
10,274
9,993
+10.5%
Non-controlling interest
2,942
2,815
2,916
+4.5%
Debt
5,863
6,646
6,740
-11.8%
Other liabilities
5,027
5,123
4,958
-1.9%
Total liabilities and equity
25,182
24,858
24,607
+1.3%
Fixed assets
13,210
13,650
14,277
-3.2%
Goodwill
58.0
105
132
-44.8%
Intangible assets
94.0
109
98.0
-13.8%
Investments
421
407
517
+3.4%
Cash and equivalents
2,363
2,231
1,312
+5.9%
Receivables
81.0
186
230
-56.5%
Inventory
n/a
700
717
Other assets
8,955
7,470
7,324
+19.9%
Total assets
25,182
24,858
24,607
+1.3%
10-K for the year ended 31 December 2015, filed 17 February 2016: the filing.