Newmont (NEM) FY2016 results: revenue $6.7 billion, up 9.8% on the year
Newmont Corp. (NEM) reported revenue of $6.7 billion for fiscal 2016, the year ended 31 December 2016, up 9.8% on the year before. Net income was -$629 million, and diluted earnings per share $-1.18. The figures are the company's own, from the 10-K it filed with the SEC on 21 February 2017.
Revenue
$6.7 billion
+9.8% on the year
FY2011FY2016
Operating margin
-0.2%
7.1% a year earlier
FY2011FY2016
Net income
-$629 million
FY2011FY2016
Diluted EPS
-$1.18
FY2011FY2016
this yearthe year beforeHover a bar for its figure.
The year in brief
Income statement (profit and loss)
$ million
FY2016
FY2015
FY2014
On the year
Last 8 years
Revenue
6,680
6,085
6,819
+9.8%
Research and development
134
126
159
+6.3%
Operating income
-16.0
432
993
Operating margin
-0.2%
7.1%
14.6%
Interest expense
273
297
330
-8.1%
Pre-tax income
-220
270
821
Income tax
579
386
204
+50.0%
Effective tax rate
n/a
143.0%
24.8%
Net income
-629
206
508
Net margin
-9.4%
3.4%
7.4%
Diluted EPS
-$1.18
$0.40
$1.02
$ 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
FY2016
FY2015
FY2014
On the year
Last 8 years
Operating cash flow
2,786
2,145
1,438
+29.9%
Capital expenditure
1,133
1,311
1,040
-13.6%
Free cash flow
1,653
834
398
+98.2%
Free cash flow margin
24.7%
13.7%
5.8%
Cash from investing
-74.0
-2,041
-507
Cash from financing
-1,817
302
-65.0
Depreciation and amortisation
1,213
1,121
1,088
+8.2%
Share-based compensation
70.0
77.0
51.0
-9.1%
Dividends paid
67.0
52.0
114
+28.8%
Dividend per share
$0.12
$0.10
$0.23
+25.0%
Diluted shares, weighted
532m
516m
499m
+3.1%
Balance sheet
$ million
FY2016
FY2015
FY2014
On the year
Last 8 years
Shareholders' equity
10,663
11,350
10,274
-6.1%
Non-controlling interest
1,122
2,942
2,815
-61.9%
Debt
4,615
5,863
6,646
-21.3%
Other liabilities
4,631
5,027
5,123
-7.9%
Total liabilities and equity
21,031
25,182
24,858
-16.5%
Fixed assets
12,518
13,210
13,650
-5.2%
Goodwill
n/a
58.0
105
Intangible assets
n/a
94.0
109
Investments
263
421
407
-37.5%
Cash and equivalents
2,756
2,363
2,231
+16.6%
Receivables
129
81.0
186
+59.3%
Inventory
n/a
n/a
700
Other assets
5,365
8,955
7,470
-40.1%
Total assets
21,031
25,182
24,858
-16.5%
10-K for the year ended 31 December 2016, filed 21 February 2017: the filing.