Newmont (NEM) FY2019 results: revenue $9.7 billion, up 34.3% on the year
Newmont Corp. (NEM) reported revenue of $9.7 billion for fiscal 2019, the year ended 31 December 2019, up 34.3% on the year before. Net income was $2.8 billion, up 722.6%, and diluted earnings per share $3.81. The figures are the company's own, from the 10-K it filed with the SEC on 20 February 2020.
Revenue
$9.7 billion
+34.3% on the year
FY2012FY2019
Operating margin
13.1%
10.9% a year earlier
FY2012FY2019
Net income
$2.8 billion
+722.6% on the year
FY2012FY2019
Diluted EPS
$3.81
+495.3% on the year
FY2012FY2019
this yearthe year beforeHover a bar for its figure.
The year in brief
Income statement (profit and loss)
$ million
FY2019
FY2018
FY2017
On the year
Last 8 years
Revenue
9,740
7,253
7,379
+34.3%
Cost of revenue
5,195
4,093
n/a
+26.9%
Gross profit
4,545
3,160
n/a
+43.8%
Gross margin
46.7%
43.6%
n/a
Research and development
150
153
143
-2.0%
Operating income
1,277
790
1,259
+61.6%
Operating margin
13.1%
10.9%
17.1%
Interest expense
301
207
241
+45.4%
Pre-tax income
3,693
738
1,072
+400.4%
Income tax
832
386
1,125
+115.5%
Effective tax rate
22.5%
52.3%
104.9%
Net income
2,805
341
-114
+722.6%
Net margin
28.8%
4.7%
-1.5%
Diluted EPS
$3.81
$0.64
-$0.21
+495.3%
$ 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
FY2019
FY2018
FY2017
On the year
Last 8 years
Operating cash flow
2,866
1,827
2,124
+56.9%
Capital expenditure
1,463
1,032
866
+41.8%
Free cash flow
1,403
795
1,258
+76.5%
Free cash flow margin
14.4%
11.0%
17.0%
Cash from investing
-1,226
-1,177
-946
Cash from financing
-2,777
-455
-668
Depreciation and amortisation
1,960
1,215
1,261
+61.3%
Share-based compensation
121
76.0
70.0
+59.2%
Buybacks
479
98.0
n/a
+388.8%
Dividends paid
889
301
134
+195.3%
Dividend per share
$0.56
$0.56
$0.25
0.0%
Diluted shares, weighted
737m
535m
535m
+37.8%
Shares outstanding at period end
808m
533m
533m
+51.6%
Balance sheet
$ million
FY2019
FY2018
FY2017
On the year
Last 8 years
Shareholders' equity
21,420
10,502
10,535
+104.0%
Non-controlling interest
950
963
984
-1.3%
Redeemable equity
47.0
47.0
0.0
0.0%
Debt
6,166
4,044
4,040
+52.5%
Operating lease liabilities
47.0
n/a
n/a
Other liabilities
11,344
5,159
5,087
+119.9%
Total liabilities and equity
39,974
20,715
20,646
+93.0%
Fixed assets
25,276
12,258
12,338
+106.2%
Goodwill
2,674
58.0
n/a
+4,510.3%
Intangible assets
n/a
97.0
n/a
Investments
3,436
319
342
+977.1%
Cash and equivalents
2,243
3,397
3,259
-34.0%
Receivables
373
254
124
+46.9%
Other assets
5,972
4,332
4,583
+37.9%
Total assets
39,974
20,715
20,646
+93.0%
10-K for the year ended 31 December 2019, filed 20 February 2020: the filing.