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Newmont (NEM) Q3 FY2022 earnings: revenue $2.6 billion, down 9.0% on the year

Newmont Corp. (NEM) reported revenue of $2.6 billion for Q3 FY2022, the quarter ended 30 September 2022, down 9.0% on the same quarter a year earlier. Net income was $213 million, up 7000.0% on the year, and diluted earnings per share $0.27. The figures are the company's own, from the 10-Q it filed with the SEC on 1 November 2022.

Revenue$2.6 billiondown 9.0%
Net income$213 millionup 7000.0%
Diluted EPS$0.27
QuarterQ3 FY2022ended 30 September 2022

The quarter, against the one before and a year earlier

LineQ3 FY2022Q2 FY2022A year earlierChange on the year
Revenue2,6343,058n/an/a
Cost of revenue1,5451,708n/an/a
Gross profit1,0891,350n/an/a
Gross margin41.3%44.1%n/a
Research and development80.045.0n/an/a
Operating income295540n/an/a
Operating margin11.2%17.7%n/a
Pre-tax income296408n/an/a
Income tax96.033.0n/an/a
Effective tax rate32.4%8.1%n/a
Net income213387n/an/a
Net margin8.1%12.7%n/a
Diluted EPS$0.27$0.49n/an/a
$ 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 and capital returned

LineQ3 FY2022Q2 FY2022A year earlierChange on the year
Operating cash flow4731,043n/an/a
Capital expenditure529519n/an/a
Free cash flow-56.0524n/an/a
Free cash flow margin-2.1%17.1%n/a
Cash from investing-1,223-515n/an/a
Cash from financing-460-522n/an/a
Depreciation and amortisation508559n/an/a
Share-based compensation17.0n/an/an/a
Buybacks0.0n/an/an/a
Dividends paid437437n/an/a
Dividend per share$0.55$0.55n/an/a
Diluted shares, weighted795m795mn/an/a
Shares outstanding at period end794m794mn/an/a

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

Balance sheet at quarter end

LineQ3 FY2022Q2 FY2022A year earlierChange on the year
Shareholders' equity21,21921,421n/an/a
Non-controlling interest181178n/an/a
Redeemable equity0.00.0n/an/a
Debt5,6245,624n/an/a
Other liabilities12,11912,467n/an/a
Total liabilities and equity39,14339,690n/an/a
Fixed assets24,15024,131n/an/a
Goodwill2,7712,771n/an/a
Investments3,9533,254n/an/a
Cash and equivalents3,0584,307n/an/a
Receivables289364n/an/a
Other assets4,9224,863n/an/a
Total assets39,14339,690n/an/a

Questions

What was Newmont's revenue in Q3 FY2022?

Newmont (NEM) reported revenue of $2.6 billion for Q3 FY2022, the quarter ended 30 September 2022, down 9.0% on the same quarter a year earlier.

How much did Newmont earn in Q3 FY2022?

Net income for Q3 FY2022 was $213 million, up 7000.0% on the year, and diluted earnings per share $0.27.

When did Newmont report Q3 FY2022 results?

Newmont filed its 10-Q for the quarter ended 30 September 2022 with the SEC on 1 November 2022.

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%
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-Q for the period ended 30 September 2022, filed 1 November 2022: the filing.