Newmont (NEM) FY2021 results: revenue $12.2 billion, up 6.3% on the year
Newmont Corp. (NEM) reported revenue of $12.2 billion for fiscal 2021, the year ended 31 December 2021, up 6.3% on the year before. Net income was $1.2 billion, down 58.8%, and diluted earnings per share $1.46. The figures are the company's own, from the 10-K it filed with the SEC on 24 February 2022.
Revenue
$12.2 billion
+6.3% on the year
FY2014FY2021
Operating margin
10.3%
24.4% a year earlier
FY2014FY2021
Net income
$1.2 billion
-58.8% on the year
FY2014FY2021
Diluted EPS
$1.46
-58.4% on the year
FY2014FY2021
this yearthe year beforeHover a bar for its figure.
$ 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
FY2021
FY2020
FY2019
On the year
Last 8 years
Operating cash flow
4,279
4,882
2,866
-12.4%
Capital expenditure
1,653
1,302
1,463
+27.0%
Free cash flow
2,626
3,580
1,403
-26.6%
Free cash flow margin
21.5%
31.1%
14.4%
Cash from investing
-1,868
91.0
-1,226
Cash from financing
-2,958
-1,680
-2,777
Depreciation and amortisation
2,323
2,300
1,960
+1.0%
Share-based compensation
72.0
84.0
121
-14.3%
Buybacks
525
521
479
+0.8%
Dividends paid
1,757
834
889
+110.7%
Dividend per share
$2.20
$1.04
$0.56
+111.5%
Diluted shares, weighted
801m
806m
737m
-0.6%
Shares outstanding at period end
792m
800m
808m
-1.0%
Balance sheet
$ million
FY2021
FY2020
FY2019
On the year
Last 8 years
Shareholders' equity
22,022
23,008
21,420
-4.3%
Non-controlling interest
-209
837
950
Redeemable equity
48.0
34.0
47.0
+41.2%
Debt
5,711
6,080
6,166
-6.1%
Operating lease liabilities
n/a
91.0
47.0
Other liabilities
12,992
11,319
11,344
+14.8%
Total liabilities and equity
40,564
41,369
39,974
-1.9%
Fixed assets
24,124
24,281
25,276
-0.6%
Goodwill
2,771
2,771
2,674
0.0%
Investments
3,325
3,487
3,436
-4.6%
Cash and equivalents
4,992
5,540
2,243
-9.9%
Receivables
337
449
373
-24.9%
Other assets
5,015
4,841
5,972
+3.6%
Total assets
40,564
41,369
39,974
-1.9%
10-K for the year ended 31 December 2021, filed 24 February 2022: the filing.