Novagold Resources Inc. (NG) financial statements (2022 and earlier)

Company profile

Business Address 201 SOUTH MAIN
SALT LAKE CITY, UT 84111
State of Incorp. ON
Fiscal Year End November 30
SIC 104 - Gold And Silver Ores (benchmarking)
More info Complete financial analysis Financial benchmarking

Balance sheet (Statement of financial position) ($ in millions)

11/30/2021
11/30/2020
11/30/2019
11/30/2018
11/30/2017
11/30/2016
11/30/2015
ASSETS
Current Assets
Cash, cash equivalents, and short-term investments936268212830127
Cash and cash equivalents91616821283042
Short-term investments211   85
Receivables 73   10
Other current assets0222123
Other undisclosed current assets7660801465674(0)
Total current assets:16919615016985107130
Noncurrent Assets
Long-term investments and receivables27269591  244
Long-term investments4321  243
Accounts and financing receivable, after allowance for credit loss24239389   
Due from related parties      1
Other noncurrent assets2211766
Other undisclosed noncurrent assets    30829553
Total noncurrent assets:29289592314301304
TOTAL ASSETS:199224246261399408434
LIABILITIES AND EQUITY
Liabilities
Current Liabilities
Accounts payable and accrued liabilities, including:1111133
Employee-related liabilities32233  
Taxes payable 000   
Other undisclosed accounts payable and accrued liabilities(2)(1)(1)(2)(2)33
Other liabilities1000000
Other undisclosed current liabilities32233  
Total current liabilities:4434334
Noncurrent Liabilities
Long-term debt and lease obligation1161101049790 80
Long-term debt, excluding current maturities1161101049790 80
Operating lease, liability 0 
Liabilities, other than long-term debt0  0212021
Deferred tax liabilities, net0212021
Other liabilities0      
Other undisclosed noncurrent liabilities (0)1  85 
Total noncurrent liabilities:11611010597111105101
Total liabilities:121114108100115108104
Stockholders' equity
Stockholders' equity attributable to parent78111138161284300329
Common stock1,9791,9721,9661,9551,9521,9421,938
Additional paid in capital82818288848381
Accumulated other comprehensive loss(23)(24)(25)(24)(6)(19)(18)
Accumulated deficit(1,959)(1,919)(1,885)(1,858)(1,745)(1,706)(1,672)
Total stockholders' equity:78111138161284300329
TOTAL LIABILITIES AND EQUITY:199224246261399408434

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

11/30/2021
11/30/2020
11/30/2019
11/30/2018
11/30/2017
11/30/2016
11/30/2015
Operating expenses(37)(33)(27)(27)(34)(30)(32)
Other undisclosed operating income      11
Operating loss:(37)(33)(27)(27)(34)(30)(32)
Nonoperating income (expense)(0)24(4)(5)(3)(0)
Investment income, nonoperating0242110
Foreign currency transaction gain, before tax      5
Other nonoperating income0 0    
Interest and debt expense(6)(6)(7)(6)(5)(5)(5)
Loss from continuing operations before equity method investments, income taxes:(43)(38)(30)(37)(44)(38)(37)
Other undisclosed income from continuing operations before income taxes3336555
Loss from continuing operations before income taxes:(40)(34)(26)(31)(38)(34)(32)
Income tax expense (benefit)(0)1(1)(1)(1)(0)(0)
Net loss:(41)(34)(28)(31)(39)(34)(32)
Other undisclosed net loss attributable to parent   (81)   
Net loss available to common stockholders, diluted:(41)(34)(28)(113)(39)(34)(32)

Comprehensive Income ($ in millions)

11/30/2021
11/30/2020
11/30/2019
11/30/2018
11/30/2017
11/30/2016
11/30/2015
Net loss:(41)(34)(28)(31)(39)(34)(32)
Other comprehensive income (loss)   (18)13(1)(53)
Comprehensive loss:(41)(34)(28)(50)(26)(35)(84)
Other undisclosed comprehensive income (loss), net of tax, attributable to parent110(81)   
Comprehensive loss, net of tax, attributable to parent:(40)(33)(28)(131)(26)(35)(84)

Statements sources

The financial statements are based on the company's filings with the 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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