Newmont Corporation (NEM) Financial Statements (2024 and earlier)

Company Profile

Business Address 6900 E LAYTON AVE
DENVER, CO 80237
State of Incorp. CO
Fiscal Year End December 31
Industry (SIC) 104 - Gold And Silver Ores (benchmarking)
More info Complete Financial Analysis Financial Benchmarking

Balance Sheet (Statement of Financial Position) ($ in millions)

9/30/2023
MRQ
12/31/2022
12/31/2021
12/31/2020
12/31/2019
12/31/2018
12/31/2017
ASSETS
Current Assets
Cash, cash equivalents, and short-term investments2,8775,0745,8302,4803,4453,321
Cash and cash equivalents2,8774,9925,5402,2433,3973,259
Short-term investments 822902374862
Restricted cash and investments12221 
Receivables366337449373346237
Disposal group, including discontinued operation    1,023  
Other current assets639498436570159153
Other undisclosed current assets2,6321,7851,7881,8241,3261,355
Total current assets:6,5157,6968,5056,2725,2775,066
Noncurrent Assets
Finance lease, right-of-use asset, after accumulated amortization 558619666 
Property, plant and equipment3,2112,3092,47425,27612,25812,267
Long-term investments and receivables3,2783,2433,1973,199271280
Long-term investments3,2783,2433,1973,199271280
Intangible assets, net (including goodwill)1,9712,7712,7712,674  
Goodwill1,9712,7712,7712,674  
Restricted cash and investments10115014415991 
Deferred income tax assets173269337549
Other noncurrent assets756686573520642565
Other undisclosed noncurrent assets21,91922,82122,7021,3252,1762,385
Total noncurrent assets:31,96732,86832,86433,70215,43815,497
TOTAL ASSETS:38,48240,56441,36939,97420,71520,563
LIABILITIES AND EQUITY
Liabilities
Current Liabilities
Accounts payable and accrued liabilities1,2311,2881,5301,062679932
Taxes payable38465716271248
Employee-related liabilities386380361305309
Accounts payable633518493539303375
Accrued liabilities598     
Debt  87551 6534
Deferred compensation liability    12  
Disposal group, including discontinued operation    343  
Other liabilities1,5991,1731,182880455459
Other undisclosed current liabilities9610610688  
Total current liabilities:2,9262,6543,3692,3851,7871,395
Noncurrent Liabilities
Long-term debt and lease obligation5,5715,5655,4806,1383,6084,061
Long-term debt, excluding current maturities5,5715,5655,4806,1383,4184,061
Capital lease obligations190 
Liabilities, other than long-term debt9,7439,6243,9754,721539633
Asset retirement obligations6,2495,555    
Deferred income tax liabilities1,8092,1442,0732,407
Liability, pension and other postretirement and postemployment benefits 98123210195225291
Accrued environmental loss contingencies329284    
Liabilities of business transferred under contractual arrangement8289109931,058  
Other liabilities4306086991,061314342
Other undisclosed noncurrent liabilities7098604,6664,3133,2692,844
Total noncurrent liabilities:16,02316,04914,12115,1727,4167,538
Total liabilities:18,94918,70317,49017,5579,2038,933
Temporary equity, carrying amount  48344747 
Equity
Equity, attributable to parent19,35422,02223,00821,42010,50210,609
Common stock1,2791,2761,2871,298855853
Treasury stock, value(239)(200)(168)(120)(70) 
Additional paid in capital17,36917,98118,10318,2169,6189,564
Accumulated other comprehensive income (loss)29(133)(216)(265)(284)(292)
Retained earnings9163,0984,0022,291383484
Equity, attributable to noncontrolling interest179(209)8379509631,021
Total equity:19,53321,81323,84522,37011,46511,630
TOTAL LIABILITIES AND EQUITY:38,48240,56441,36939,97420,71520,563

Income Statement (P&L) ($ in millions)

9/30/2023
TTM
12/31/2022
12/31/2021
12/31/2020
12/31/2019
12/31/2018
12/31/2017
Revenues11,91512,22211,4979,7407,2537,348
Revenue, net7,348
Cost of revenue(9,805)(9,821)(8,045)(7,630)(5,571)(5,484)
Cost of goods and services sold(6,468)(5,435)(5,014)(130)(271)(391)
Gross profit:2,1102,4013,4522,1101,6821,864
Operating expenses(1,907)(1,144)(646)(833)(892)(585)
Operating income (loss):2031,2572,8061,2777901,279
Nonoperating income (expense)(254)(149)3372,416(52)(187)
Investment income, nonoperating    2,390  
Other nonoperating income (expense)(62)(87)(32)32715554
Interest and debt expense (34)(36)(37)(34)  
Other undisclosed income from continuing operations before equity method investments, income taxes 34363734  
Income (loss) from continuing operations before equity method investments, income taxes:(51)1,1083,1433,6937381,092
Income (loss) from equity method investments10716618995(33)(16)
Other undisclosed loss from continuing operations before income taxes(107)(166)    
Income (loss) from continuing operations before income taxes:(51)1,1083,3323,7887051,076
Income tax expense(455)(1,098)(704)(832)(386)(1,125)
Other undisclosed income from continuing operations107166    
Income (loss) from continuing operations:(399)1762,6282,956319(49)
Income (loss) before gain (loss) on sale of properties:2332,7912,884380(87)
Income (loss) from discontinued operations3057163(72)61(38)
Net income (loss):(369)2332,7912,884380(87)
Net income (loss) attributable to noncontrolling interest(60)93338(79)(39)(11)
Net income (loss) available to common stockholders, diluted:(429)1,1662,8292,805341(98)

Comprehensive Income ($ in millions)

9/30/2023
TTM
12/31/2022
12/31/2021
12/31/2020
12/31/2019
12/31/2018
12/31/2017
Net income (loss):(369)2332,7912,884380(87)
Other comprehensive income (loss)162834919(11)42
Comprehensive income (loss):(207)3162,8402,903369(45)
Comprehensive income (loss), net of tax, attributable to noncontrolling interest(60)93338(79)(39)(11)
Comprehensive income (loss), net of tax, attributable to parent:(267)1,2492,8782,824330(56)

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.

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