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Newmont (NEM) Q4 FY2021 earnings: revenue $3.4 billion, up 0.3% on the year

Newmont Corp. (NEM) reported revenue of $3.4 billion for Q4 FY2021, the quarter ended 31 December 2021, up 0.3% on the same quarter a year earlier. Net income was -$46 million, and diluted earnings per share $-0.05. The figures are the company's own, from the 10-K it filed with the SEC on 24 February 2022.

Revenue
$3.4 billion
+0.3% on the year · +17.1% on the quarter
Q1 FY2020Q4 FY2021
Operating margin
-18.5%
27.2% a year earlier
Q1 FY2020Q4 FY2021
Net income
-$46 million
Q1 FY2020Q4 FY2021
Diluted EPS
-$0.05
Q1 FY2020Q4 FY2021

this quarterthe same quarter a year earlierHover a bar for its figure.

Income statement (profit and loss)

$ millionQ4 FY2021Q3 FY2021Q4 FY2020On the quarterOn the yearLast 8 quarters
Revenue3,3902,8953,381+17.1%+0.3%
Cost of revenue1,540n/an/a
Gross profit1,850n/an/a
Gross margin54.6%n/an/a
Research and development46.0n/an/a
Operating income-62666.0920
Operating margin-18.5%2.3%27.2%
Interest expense66.0n/an/a
Pre-tax income-507n/an/a
Income tax300n/an/a
Net income-46.03.0824
Net margin-1.4%n/an/a
Diluted EPS-$0.05$0.00$1.02
$ million except per share.
Read moreFourth quarters are the year less the first three quarters. Free 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

$ millionQ4 FY2021Q3 FY2021Q4 FY2020On the quarterOn the yearLast 8 quarters
Operating cash flow1,299n/an/a
Capital expenditure441n/an/a
Free cash flow858n/an/a
Free cash flow margin25.3%n/an/a
Cash from investing-351n/an/a
Cash from financing-595n/an/a
Depreciation and amortisation639570615+12.1%+3.9%
Buybacks277n/an/a
Dividends paid436n/an/a
Diluted shares, weighted801m800m806m+0.1%-0.6%
Shares outstanding at period end792m797m800m-0.7%-1.0%

Cash flow lines for the quarter; where the company files them year to date, the quarter is the difference between two filings.

Balance sheet

$ millionQ4 FY2021Q3 FY2021Q4 FY2020On the quarterOn the yearLast 8 quarters
Shareholders' equity22,02222,71223,008-3.0%-4.3%
Non-controlling interest-209n/an/a
Redeemable equity48.0n/an/a
Debt5,7115,5306,080+3.3%-6.1%
Other liabilities12,992n/an/a
Total liabilities and equity40,564n/an/a
Fixed assets24,124n/an/a
Goodwill2,771n/an/a
Investments3,325n/an/a
Cash and equivalents4,9924,6365,540+7.7%-9.9%
Receivables337n/an/a
Other assets5,015n/an/a
Total assets40,564n/an/a

Questions

What was Newmont's revenue in Q4 FY2021?

Newmont (NEM) reported revenue of $3.4 billion for Q4 FY2021, the quarter ended 31 December 2021, up 0.3% on the same quarter a year earlier.

How much did Newmont earn in Q4 FY2021?

Net loss for Q4 FY2021 was $46 million, and the diluted loss per share $0.05.

When did Newmont report Q4 FY2021 results?

Newmont filed its 10-K for the year that ended with the quarter on 24 February 2022; the fourth quarter is the year less the first three.

Quarterly results, the last 20 quarters

Q4 FY2021 *Q1 FY2022Q2 FY2022Q3 FY2022Q4 FY2022 *Q1 FY2023Q2 FY2023Q3 FY2023Q4 FY2023 *Q1 FY2024Q2 FY2024Q3 FY2024Q4 FY2024 *Q1 FY2025Q2 FY2025Q3 FY2025Q4 FY2025 *Q1 FY2026Q2 FY2026Q3 FY2026
Revenue3,3903,0233,0582,6343,2002,6792,6832,4933,9574,0234,4024,6055,6525,0105,3175,5246,8187,3076,1186,363
Cost of revenue1,5401,4351,7081,5451,7801,4821,5431,3712,3032,1062,1562,3102,3912,1062,0011,9512,0271,9372,0882,143
Gross profit1,8501,5881,3501,0891,4201,1971,1401,1221,6541,9172,2462,2953,2612,9043,3163,5734,7915,3704,0304,220
Gross margin55%53%44%41%44%45%42%45%42%48%51%50%58%58%62%65%70%73%66%66%
R&D46.044.045.080.060.035.044.053.068.053.049.047.048.043.040.040.043.045.047.058.0
Operating income-626799540295-1,431505366238-2,8094001,0391,1281,9602,2493,0682,5763,0684,4663,0963,163
Operating margin-18%26%18%11%-45%19%14%10%-71%10%24%24%35%45%58%47%45%61%51%50%
Interest expense66.062.057.055.053.065.049.048.081.093.010386.093.079.065.052.033.039.035.031.0
Pre-tax income-507628408296-1,383539300232-3,1024281,0361,0592,0542,4713,1182,5073,2464,5832,9993,210
Tax raten/a34%8%32%n/a40%54%31%n/a61%18%23%34%26%35%31%64%31%32%26%
Net income-46.0448387213-1,477351155158-3,1581708539221,4031,8912,0611,8321,3013,2622,2022,475
Net margin-1%15%13%8%-46%13%6%6%-80%4%19%20%25%38%39%33%19%45%36%39%
Diluted EPS-$0.05$0.56$0.49$0.27-$1.86$0.44$0.19$0.20-$3.80$0.15$0.74$0.80$1.23$1.68$1.85$1.67$1.19$3.00$2.06$2.35
Operating cash flow1,2996941,0434731,0104816631,0036167761,4281,6482,5112,0312,3842,2983,6213,7852,9242,768
Capital expenditure441437519529646526616604920850800877875826674727808641719856
Free cash flow858257524-56.0364-45.047.0399-304-74.06287711,6361,2051,7101,5712,8133,1442,2051,912
Buybacks277n/an/a0.0n/an/an/a0.0n/a0.01043447983481,0115164281,8951,5671,779
Dividends paid436436437437436318318318461288289286282282279273272282277272
Shares outstanding792m794m794m794m793m795m795m795m1,152m1,153m1,147m1,138m1,127m1,113m1,098m1,091m1,089m1,068m1,054m1,039m
Filing10-K10-Q10-Q10-Q10-K10-Q10-Q10-Q10-K10-Q10-Q10-Q10-K10-Q10-Q10-Q10-K10-Q10-Q10-Q
Each quarter as filed, linked to its filing.
Read more* The fourth quarter is the full year less the first three quarters, because the company files the year and not the quarter on its own. A fourth quarter's EPS, and its diluted share count where shown, are from the company's results press release for that quarter, checked against the company's filed figures or a second data source. Money is in $ million as the company files it, or in $ billion by the switch above the tables; per share figures and the share count are as they are. Free 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. Cash flow lines filed year to date are the difference between two filings. Shares outstanding are at the period end where the balance sheet tags them, otherwise the count on the filing's cover page. A derived fourth-quarter EPS is left blank when a split in the year makes the arithmetic meaningless.

10-K for the period ended 31 December 2021, filed 24 February 2022: the filing.