Newmont (NEM) FY2018 results: revenue $7.3 billion, down 1.7% on the year
Newmont Corp. (NEM) reported revenue of $7.3 billion for fiscal 2018, the year ended 31 December 2018, down 1.7% on the year before. Net income was $341 million, and diluted earnings per share $0.64. The figures are the company's own, from the 10-K it filed with the SEC on 21 February 2019.
Revenue
$7.3 billion
-1.7% on the year
FY2011FY2018
Operating margin
10.9%
17.1% a year earlier
FY2011FY2018
Net income
$341 million
FY2011FY2018
Diluted EPS
$0.64
FY2011FY2018
this yearthe year beforeHover a bar for its figure.
The year in brief
Income statement (profit and loss)
$ million
FY2018
FY2017
FY2016
On the year
Last 8 years
Revenue
7,253
7,379
6,680
-1.7%
Cost of revenue
4,093
n/a
n/a
Gross profit
3,160
n/a
n/a
Gross margin
43.6%
n/a
n/a
Research and development
153
143
134
+7.0%
Operating income
790
1,259
-16.0
-37.3%
Operating margin
10.9%
17.1%
-0.2%
Interest expense
207
241
273
-14.1%
Pre-tax income
738
1,072
-220
-31.2%
Income tax
386
1,125
579
-65.7%
Effective tax rate
52.3%
104.9%
n/a
Net income
341
-114
-629
Net margin
4.7%
-1.5%
-9.4%
Diluted EPS
$0.64
-$0.21
-$1.18
$ 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
FY2018
FY2017
FY2016
On the year
Last 8 years
Operating cash flow
1,827
2,124
2,786
-14.0%
Capital expenditure
1,032
866
1,133
+19.2%
Free cash flow
795
1,258
1,653
-36.8%
Free cash flow margin
11.0%
17.0%
24.7%
Cash from investing
-1,177
-946
-74.0
Cash from financing
-455
-668
-1,817
Depreciation and amortisation
1,215
1,261
1,213
-3.6%
Share-based compensation
76.0
70.0
70.0
+8.6%
Buybacks
98.0
n/a
n/a
Dividends paid
301
134
67.0
+124.6%
Dividend per share
$0.56
$0.25
$0.12
+124.0%
Diluted shares, weighted
535m
535m
532m
0.0%
Shares outstanding at period end
533m
533m
n/a
0.0%
Balance sheet
$ million
FY2018
FY2017
FY2016
On the year
Last 8 years
Shareholders' equity
10,502
10,535
10,663
-0.3%
Non-controlling interest
963
984
1,122
-2.1%
Redeemable equity
47.0
0.0
n/a
Debt
4,044
4,040
4,615
+0.1%
Other liabilities
5,159
5,087
4,631
+1.4%
Total liabilities and equity
20,715
20,646
21,031
+0.3%
Fixed assets
12,258
12,338
12,518
-0.6%
Goodwill
58.0
n/a
n/a
Intangible assets
97.0
n/a
n/a
Investments
319
342
263
-6.7%
Cash and equivalents
3,397
3,259
2,756
+4.2%
Receivables
254
124
129
+104.8%
Other assets
4,332
4,583
5,365
-5.5%
Total assets
20,715
20,646
21,031
+0.3%
10-K for the year ended 31 December 2018, filed 21 February 2019: the filing.