Ivanhoe Electric Inc. (IE) Financial Statements (2025 and earlier)
Company Profile
Business Address |
450 E RIO SALADO PARKWAY TEMPE, AZ 85281 |
State of Incorp. | DE |
Fiscal Year End | December 31 |
Industry (SIC) | 10 - Metal Mining (benchmarking) |
More info | Complete Financial Analysis Financial Benchmarking |
Balance Sheet (Statement of Financial Position) ($ in thousands)
9/30/2024 MRQ | 12/31/2023 | 12/31/2022 | |||
---|---|---|---|---|---|
ASSETS | |||||
Current Assets | |||||
Cash, cash equivalents, and short-term investments | 205,043 | 139,660 | |||
Cash and cash equivalents | 205,043 | 139,660 | |||
Restricted cash and investments | |||||
Receivables | 1,497 | ||||
Inventory, net of allowances, customer advances and progress billings | 5,013 | 5,648 | |||
Inventory | 5,013 | 5,648 | |||
Disposal group, including discontinued operation | |||||
Other undisclosed current assets | 6,430 | 4,226 | |||
Total current assets: | 216,486 | 151,031 | |||
Noncurrent Assets | |||||
Property, plant and equipment | 6,645 | 3,934 | |||
Intangible assets, net (including goodwill) | 123 | 1,249 | |||
Intangible assets, net (excluding goodwill) | 123 | 1,249 | |||
Other noncurrent assets | 5,563 | 9,296 | |||
Other undisclosed noncurrent assets | 258,409 | 94,976 | |||
Total noncurrent assets: | 270,740 | 109,455 | |||
TOTAL ASSETS: | 487,226 | 260,486 | |||
LIABILITIES AND EQUITY | |||||
Liabilities | |||||
Current Liabilities | |||||
Accounts payable and accrued liabilities, including: | 19,948 | 13,943 | |||
Accounts payable | 12,859 | 7,277 | |||
Accrued liabilities | 3,481 | 6,666 | |||
Other undisclosed accounts payable and accrued liabilities | 3,608 | ||||
Deferred revenue | 2,404 | 2,783 | |||
Debt | 12,672 | ||||
Disposal group, including discontinued operation | |||||
Other undisclosed current liabilities | 4,699 | 706 | |||
Total current liabilities: | 39,723 | 17,432 | |||
Noncurrent Liabilities | |||||
Long-term debt and lease obligation | 64,616 | 25,918 | |||
Long-term debt, excluding current maturities | 64,616 | 25,918 | |||
Liabilities, other than long-term debt | 6,606 | 14,689 | |||
Deferred income tax liabilities | 4,845 | 3,888 | |||
Due to related parties | ✕ | ✕ | 10,010 | ||
Other liabilities | 562 | 388 | |||
Operating lease, liability | 1,199 | 403 | |||
Total noncurrent liabilities: | 71,222 | 40,607 | |||
Total liabilities: | 110,945 | 58,039 | |||
Equity | |||||
Equity, attributable to parent | 374,251 | 206,375 | |||
Common stock | 12 | 9 | |||
Additional paid in capital | 777,816 | 409,683 | |||
Accumulated other comprehensive loss | (2,073) | (1,189) | |||
Accumulated deficit | (401,504) | (202,128) | |||
Equity, attributable to noncontrolling interest | 2,030 | (3,928) | |||
Total equity: | 376,281 | 202,447 | |||
TOTAL LIABILITIES AND EQUITY: | 487,226 | 260,486 |
Income Statement (P&L) ($ in thousands)
9/30/2024 TTM | 12/31/2023 | 12/31/2022 | ||
---|---|---|---|---|
Revenues | 3,903 | 8,440 | ||
Cost of revenue | (2,986) | (3,135) | ||
Cost of goods and services sold | (1,932) | |||
Gross profit: | 917 | 5,305 | ||
Operating expenses | (181,319) | (137,470) | ||
Operating loss: | (180,402) | (132,165) | ||
Nonoperating income (expense) | 3,618 | (2,340) | ||
Gain (loss), foreign currency transaction, before tax | 1,274 | (1,327) | ||
Other nonoperating income (expense) | 2,344 | (1,013) | ||
Interest and debt expense | (3,707) | (972) | ||
Other undisclosed loss from continuing operations before equity method investments, income taxes | ||||
Loss from continuing operations before equity method investments, income taxes: | (180,491) | (135,477) | ||
Loss from equity method investments | (35,952) | (3,711) | ||
Loss from continuing operations before income taxes: | (216,443) | (139,188) | ||
Income tax expense (benefit) | 584 | (618) | ||
Loss from continuing operations: | (215,859) | (139,806) | ||
Other undisclosed net income (loss) | (216) | (20,415) | ||
Net loss: | (216,075) | (160,221) | ||
Net income attributable to noncontrolling interest | 16,698 | 10,408 | ||
Net loss available to common stockholders, diluted: | (199,377) | (149,813) |
Comprehensive Income ($ in thousands)
9/30/2024 TTM | 12/31/2023 | 12/31/2022 | ||
---|---|---|---|---|
Net loss: | (216,075) | (160,221) | ||
Other comprehensive income (loss) | (1,359) | 560 | ||
Comprehensive loss: | (217,434) | (159,661) | ||
Comprehensive income, net of tax, attributable to noncontrolling interest | 17,173 | 10,160 | ||
Comprehensive loss, net of tax, attributable to parent: | (200,261) | (149,501) |
Statements Sources
The financial statements are based on the Company's filings with the U.S. Securities and Exchange Commission (SEC) through the Electronic Data Gathering, Analysis, and Retrieval system (EDGAR). The information is derived from the 10-K and 10-Q reports submitted to the SEC in XBRL (eXtensible Business Reporting Language) format and presented according to the US GAAP Taxonomy. Please review the original filings for a more detailed information.