greeksoup/ stock research

Newmont (NEM) FY2017 results: revenue $7.4 billion, up 10.5% on the year

Newmont Corp. (NEM) reported revenue of $7.4 billion for fiscal 2017, the year ended 31 December 2017, up 10.5% on the year before. Net income was -$114 million, and diluted earnings per share $-0.21. The figures are the company's own, from the 10-K it filed with the SEC on 21 February 2019.

Revenue
$7.4 billion
+10.5% on the year
FY2011FY2017
Operating margin
17.1%
-0.2% a year earlier
FY2011FY2017
Net income
-$114 million
FY2011FY2017
Diluted EPS
-$0.21
FY2011FY2017

this yearthe year beforeHover a bar for its figure.

The year in brief

Income statement (profit and loss)

$ millionFY2017FY2016FY2015On the yearLast 8 years
Revenue7,3796,6806,085+10.5%
Research and development143134126+6.7%
Operating income1,259-16.0432
Operating margin17.1%-0.2%7.1%
Interest expense241273297-11.7%
Pre-tax income1,072-220270
Income tax1,125579386+94.3%
Effective tax rate104.9%n/a143.0%
Net income-114-629206
Net margin-1.5%-9.4%3.4%
Diluted EPS-$0.21-$1.18$0.40
$ 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

$ millionFY2017FY2016FY2015On the yearLast 8 years
Operating cash flow2,1242,7862,145-23.8%
Capital expenditure8661,1331,311-23.6%
Free cash flow1,2581,653834-23.9%
Free cash flow margin17.0%24.7%13.7%
Cash from investing-946-74.0-2,041
Cash from financing-668-1,817302
Depreciation and amortisation1,2611,2131,121+4.0%
Share-based compensation70.070.077.00.0%
Dividends paid13467.052.0+100.0%
Dividend per share$0.25$0.12$0.10+100.0%
Diluted shares, weighted535m532m516m+0.6%
Shares outstanding at period end533mn/an/a

Balance sheet

$ millionFY2017FY2016FY2015On the yearLast 8 years
Shareholders' equity10,53510,66311,350-1.2%
Non-controlling interest9841,1222,942-12.3%
Redeemable equity0.0n/an/a
Debt4,0404,6155,863-12.5%
Other liabilities5,0874,6315,027+9.8%
Total liabilities and equity20,64621,03125,182-1.8%
Fixed assets12,33812,51813,210-1.4%
Goodwilln/an/a58.0
Intangible assetsn/an/a94.0
Investments342263421+30.0%
Cash and equivalents3,2592,7562,363+18.3%
Receivables12412981.0-3.9%
Other assets4,5835,3658,955-14.6%
Total assets20,64621,03125,182-1.8%

10-K for the year ended 31 December 2017, filed 21 February 2019: the filing.