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)
$ million
FY2017
FY2016
FY2015
On the year
Last 8 years
Revenue
7,379
6,680
6,085
+10.5%
Research and development
143
134
126
+6.7%
Operating income
1,259
-16.0
432
Operating margin
17.1%
-0.2%
7.1%
Interest expense
241
273
297
-11.7%
Pre-tax income
1,072
-220
270
Income tax
1,125
579
386
+94.3%
Effective tax rate
104.9%
n/a
143.0%
Net income
-114
-629
206
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
$ million
FY2017
FY2016
FY2015
On the year
Last 8 years
Operating cash flow
2,124
2,786
2,145
-23.8%
Capital expenditure
866
1,133
1,311
-23.6%
Free cash flow
1,258
1,653
834
-23.9%
Free cash flow margin
17.0%
24.7%
13.7%
Cash from investing
-946
-74.0
-2,041
Cash from financing
-668
-1,817
302
Depreciation and amortisation
1,261
1,213
1,121
+4.0%
Share-based compensation
70.0
70.0
77.0
0.0%
Dividends paid
134
67.0
52.0
+100.0%
Dividend per share
$0.25
$0.12
$0.10
+100.0%
Diluted shares, weighted
535m
532m
516m
+0.6%
Shares outstanding at period end
533m
n/a
n/a
Balance sheet
$ million
FY2017
FY2016
FY2015
On the year
Last 8 years
Shareholders' equity
10,535
10,663
11,350
-1.2%
Non-controlling interest
984
1,122
2,942
-12.3%
Redeemable equity
0.0
n/a
n/a
Debt
4,040
4,615
5,863
-12.5%
Other liabilities
5,087
4,631
5,027
+9.8%
Total liabilities and equity
20,646
21,031
25,182
-1.8%
Fixed assets
12,338
12,518
13,210
-1.4%
Goodwill
n/a
n/a
58.0
Intangible assets
n/a
n/a
94.0
Investments
342
263
421
+30.0%
Cash and equivalents
3,259
2,756
2,363
+18.3%
Receivables
124
129
81.0
-3.9%
Other assets
4,583
5,365
8,955
-14.6%
Total assets
20,646
21,031
25,182
-1.8%
10-K for the year ended 31 December 2017, filed 21 February 2019: the filing.