Newmont (NEM) FY2023 results: revenue $11.8 billion, down 0.9% on the year
Newmont Corp. (NEM) reported revenue of $11.8 billion for fiscal 2023, the year ended 31 December 2023, down 0.9% on the year before. Net income was -$2.5 billion, and diluted earnings per share $-2.97. The figures are the company's own, from the 10-K it filed with the SEC on 29 February 2024.
Revenue
$11.8 billion
-0.9% on the year
FY2016FY2023
Operating margin
-14.4%
1.7% a year earlier
FY2016FY2023
Net income
-$2.5 billion
FY2016FY2023
Diluted EPS
-$2.97
FY2016FY2023
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
FY2023
FY2022
FY2021
On the year
Last 8 years
Operating cash flow
2,763
3,220
4,279
-14.2%
Capital expenditure
2,666
2,131
1,653
+25.1%
Free cash flow
97.0
1,089
2,626
-91.1%
Free cash flow margin
0.8%
9.1%
21.5%
Cash from investing
-1,002
-2,983
-1,868
Cash from financing
-1,603
-2,356
-2,958
Depreciation and amortisation
2,108
2,185
2,323
-3.5%
Share-based compensation
80.0
76.0
72.0
+5.3%
Buybacks
0.0
0.0
525
Dividends paid
1,415
1,746
1,757
-19.0%
Dividend per share
$1.60
$2.20
$2.20
-27.3%
Diluted shares, weighted
841m
795m
801m
+5.8%
Shares outstanding at period end
1,152m
793m
792m
+45.3%
Balance sheet
$ million
FY2023
FY2022
FY2021
On the year
Last 8 years
Shareholders' equity
29,027
19,354
22,022
+50.0%
Non-controlling interest
178
179
-209
-0.6%
Redeemable equity
0.0
0.0
48.0
Debt
8,874
5,571
5,711
+59.3%
Other liabilities
17,427
13,378
12,992
+30.3%
Total liabilities and equity
55,506
38,482
40,564
+44.2%
Fixed assets
37,563
24,073
24,124
+56.0%
Goodwill
3,001
1,971
2,771
+52.3%
Investments
4,166
4,158
3,325
+0.2%
Cash and equivalents
3,002
2,877
4,992
+4.3%
Receivables
734
366
337
+100.5%
Other assets
7,040
5,037
5,015
+39.8%
Total assets
55,506
38,482
40,564
+44.2%
10-K for the year ended 31 December 2023, filed 29 February 2024: the filing.