Agnico Historical Income Statement

AEM Stock

CAD 118.06 0.99 0.85%

Historical analysis of Agnico Eagle income statement accounts such as Total Revenue of 7 B, Gross Profit of 2.3 B or Operating Income of 1.8 B can show how well Agnico Eagle Mines performed in making a profits. Evaluating Agnico Eagle income statement over time to spot trends is a great complementary tool to traditional technical analysis and can indicate the direction of Agnico Eagle's future profits or losses.

Cash Flow Balance Sheet Income Statement

Oil Shock

Dot-com Bubble

Housing Crash

Credit Downgrade

Yuan Drop

Covid

Financial Statement Analysis is much more than just reviewing and examining Agnico Eagle Mines latest accounting reports to predict its past. Macroaxis encourages investors to analyze financial statements over time for various trends across multiple indicators and accounts to determine whether Agnico Eagle Mines is a good buy for the upcoming year.

Net Income Gross Profit

Check out Trending Equities to better understand how to build diversified portfolios, which includes a position in Agnico Eagle Mines. Also, note that the market value of any company could be closely tied with the direction of predictive economic indicators such as signals in board of governors.

About Agnico Income Statement Analysis

Agnico Eagle Mines Income Statement consists of revenues and expenses along with the resulting net income or loss. It represents the profit for the accounting period attributable to Agnico Eagle shareholders. The income statement also shows Agnico investors and management if the firm made money during the period reported. The result of an income statement is the net income that is calculated after subtracting the expenses from revenue. It is essential to investors both as an absolute measure as well as earnings per share (i.e., EPS).

Agnico Eagle Income Statement Chart

At this time, Agnico Eagle's Net Income is very stable compared to the past year. As of the 29th of November 2024, Income Tax Expense is likely to grow to about 438.7 M, while Tax Provision is likely to drop about 254.1 M.

Total Revenue Gross Profit Operating Income Ebitda Other Operating Expenses

Total Revenue

Total revenue comprises all receipts Agnico Eagle Mines generated from the sale of its products or services. The total amount of income generated by the sale of goods or services related to the company's primary operations.

Gross Profit

Gross profit is a required income statement account that reflects total revenue of Agnico Eagle Mines minus its cost of goods sold. It is profit before Agnico Eagle operating expenses, interest payments and taxes. Gross profit is also known as gross margin. The profit a company makes after deducting the costs associated with making and selling its products, or the costs associated with providing its services.

Operating Income

Operating Income is the amount of profit realized from Agnico Eagle Mines operations after accounting for operating expenses such as cost of goods sold (COGS), wages and depreciation. Operating income takes the gross income and subtracts other operating expenses and then removes depreciation. Operating Income of Agnico Eagle Mines is typically a synonym for earnings before interest and taxes (EBIT) and is also commonly referred to as operating profit or recurring profit. Earnings before interest and taxes (EBIT), representing the amount of profit a company generates from its operations.

Other Operating Expenses

Other Operating Expenses is the expense which generally does not depend on sales or production quantities of Agnico Eagle Mines. It is also known as Agnico Eagle overhead expenses. Typically these expenses include marketing, rent and utilities, office, leases, and other overhead cost. Expenses incurred from non-core business activities, including administrative and general expenses, but excluding costs directly related to production.

Most accounts from Agnico Eagle's income statement are interrelated and interconnected. However, analyzing income statement accounts one by one will only give a small insight into Agnico Eagle Mines current financial condition. On the other hand, looking into the entire matrix of income statement accounts, and analyzing their relationships over time can provide a more complete picture of the company financial strength now and in the future. Check out Trending Equities to better understand how to build diversified portfolios, which includes a position in Agnico Eagle Mines. Also, note that the market value of any company could be closely tied with the direction of predictive economic indicators such as signals in board of governors.

	2021	2022	2023	2024 (projected)
Gross Profit	1.3B	2.0B	2.2B	2.3B
Total Revenue	3.8B	5.7B	6.6B	7.0B

Gross Profit Total Revenue

Agnico Eagle income statement Correlations

	Interest Expense	Total Revenue	Gross Profit	Operating Income	Ebitda	Total Other Income Expense Net	Net Income	Income Tax Expense	Depreciation And Amortization	Ebit	Selling General Administrative	Other Operating Expenses	Cost Of Revenue	Total Operating Expenses	Income Before Tax	Net Income From Continuing Ops	Non Recurring	Tax Provision	Interest Income	Net Interest Income	Selling And Marketing Expenses	Reconciled Depreciation
Interest Expense		0.6	0.5	0.48	0.52	0.31	0.43	0.6	0.63	0.44	0.69	0.56	0.64	0.35	0.48	0.62	-0.14	0.53	-0.04	-0.71	0.67	0.34
Total Revenue	0.6		0.97	0.97	0.98	0.59	0.88	0.85	0.97	0.95	0.94	0.98	0.99	0.85	0.89	0.91	-0.01	0.82	-0.17	-0.59	0.64	0.86
Gross Profit	0.5	0.97		0.99	0.96	0.51	0.84	0.79	0.91	0.96	0.91	0.93	0.94	0.83	0.85	0.84	0.07	0.82	-0.17	-0.56	0.61	0.86
Operating Income	0.48	0.97	0.99		0.97	0.58	0.89	0.82	0.91	0.98	0.88	0.94	0.94	0.86	0.9	0.87	0.09	0.83	-0.23	-0.59	0.61	0.86
Ebitda	0.52	0.98	0.96	0.97		0.66	0.93	0.81	0.97	0.99	0.87	0.99	0.97	0.93	0.93	0.93	0.01	0.76	-0.34	-0.58	0.58	0.86
Total Other Income Expense Net	0.31	0.59	0.51	0.58	0.66		0.86	0.72	0.67	0.64	0.39	0.65	0.63	0.62	0.85	0.78	-0.15	0.48	-0.39	-0.45	0.36	0.54
Net Income	0.43	0.88	0.84	0.89	0.93	0.86		0.85	0.89	0.93	0.71	0.91	0.88	0.88	0.99	0.94	-0.03	0.71	-0.43	-0.59	0.51	0.78
Income Tax Expense	0.6	0.85	0.79	0.82	0.81	0.72	0.85		0.83	0.77	0.76	0.79	0.87	0.59	0.9	0.84	-0.05	0.88	-0.02	-0.71	0.73	0.74
Depreciation And Amortization	0.63	0.97	0.91	0.91	0.97	0.67	0.89	0.83		0.92	0.89	0.98	0.99	0.87	0.9	0.95	-0.12	0.75	-0.24	-0.57	0.6	0.83
Ebit	0.44	0.95	0.96	0.98	0.99	0.64	0.93	0.77	0.92		0.83	0.97	0.93	0.94	0.92	0.9	0.08	0.74	-0.38	-0.57	0.55	0.86
Selling General Administrative	0.69	0.94	0.91	0.88	0.87	0.39	0.71	0.76	0.89	0.83		0.89	0.93	0.73	0.74	0.77	0.02	0.73	-0.01	-0.48	0.57	0.76
Other Operating Expenses	0.56	0.98	0.93	0.94	0.99	0.65	0.91	0.79	0.98	0.97	0.89		0.98	0.93	0.91	0.93	-0.03	0.73	-0.31	-0.55	0.57	0.85
Cost Of Revenue	0.64	0.99	0.94	0.94	0.97	0.63	0.88	0.87	0.99	0.93	0.93	0.98		0.85	0.9	0.93	-0.05	0.8	-0.17	-0.59	0.64	0.85
Total Operating Expenses	0.35	0.85	0.83	0.86	0.93	0.62	0.88	0.59	0.87	0.94	0.73	0.93	0.85		0.84	0.85	0.02	0.52	-0.52	-0.42	0.38	0.77
Income Before Tax	0.48	0.89	0.85	0.9	0.93	0.85	0.99	0.9	0.9	0.92	0.74	0.91	0.9	0.84		0.94	-0.04	0.76	-0.36	-0.63	0.57	0.8
Net Income From Continuing Ops	0.62	0.91	0.84	0.87	0.93	0.78	0.94	0.84	0.95	0.9	0.77	0.93	0.93	0.85	0.94		-0.12	0.76	-0.37	-0.67	0.59	0.78
Non Recurring	-0.14	-0.01	0.07	0.09	0.01	-0.15	-0.03	-0.05	-0.12	0.08	0.02	-0.03	-0.05	0.02	-0.04	-0.12		-0.01	-0.06	-0.09	0.09	0.05
Tax Provision	0.53	0.82	0.82	0.83	0.76	0.48	0.71	0.88	0.75	0.74	0.73	0.73	0.8	0.52	0.76	0.76	-0.01		0.11	-0.7	0.82	0.83
Interest Income	-0.04	-0.17	-0.17	-0.23	-0.34	-0.39	-0.43	-0.02	-0.24	-0.38	-0.01	-0.31	-0.17	-0.52	-0.36	-0.37	-0.06	0.11		0.18	0.08	-0.13
Net Interest Income	-0.71	-0.59	-0.56	-0.59	-0.58	-0.45	-0.59	-0.71	-0.57	-0.57	-0.48	-0.55	-0.59	-0.42	-0.63	-0.67	-0.09	-0.7	0.18		-0.87	-0.42
Selling And Marketing Expenses	0.67	0.64	0.61	0.61	0.58	0.36	0.51	0.73	0.6	0.55	0.57	0.57	0.64	0.38	0.57	0.59	0.09	0.82	0.08	-0.87		0.64
Reconciled Depreciation	0.34	0.86	0.86	0.86	0.86	0.54	0.78	0.74	0.83	0.86	0.76	0.85	0.85	0.77	0.8	0.78	0.05	0.83	-0.13	-0.42	0.64

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Agnico Eagle Account Relationship Matchups

Agnico Eagle income statement Accounts

	2019	2020	2021	2022	2023	2024 (projected)
Interest Expense	105.1M	95.1M	92.0M	82.9M	91.2M	95.8M
Total Revenue	2.5B	3.1B	3.8B	5.7B	6.6B	7.0B
Gross Profit	701.1M	1.1B	1.3B	2.0B	2.2B	2.3B
Operating Income	485.7M	777.3M	1.0B	1.3B	1.7B	1.8B
Ebitda	1.0B	1.5B	1.7B	2.4B	3.9B	4.1B
Total Other Income Expense Net	(104.2M)	(54.5M)	(79.5M)	(212.5M)	664.4M	697.7M
Net Income	473.2M	511.6M	561.9M	670.2M	1.9B	2.0B
Income Tax Expense	265.6M	256.0M	360.4M	445.2M	417.8M	438.7M
Depreciation And Amortization	546.1M	631.1M	738.1M	1.1B	1.5B	1.6B
Ebit	485.7M	850.5M	1.0B	1.3B	2.5B	2.6B
Selling General Administrative	121.0M	116.3M	142.0M	220.9M	208.5M	218.9M
Other Operating Expenses	2.0B	2.3B	2.8B	4.3B	6.6B	7.0B
Cost Of Revenue	1.8B	2.1B	2.5B	3.7B	4.4B	4.6B
Total Operating Expenses	228.6M	257.3M	295.1M	533.9M	2.2B	2.3B
Income Before Tax	738.7M	767.6M	903.4M	1.1B	2.4B	2.5B
Net Income From Continuing Ops	473.2M	511.6M	543.0M	670.2M	1.9B	2.0B
Net Income Applicable To Common Shares	473.2M	511.6M	543.0M	670.2M	770.8M	809.3M
Tax Provision	265.6M	256.0M	360.4M	445.2M	417.8M	254.1M
Interest Income	74.5M	9.7M	92.8M	132.1M	11.7M	11.1M
Net Interest Income	(98.4M)	(95.1M)	(92.0M)	(82.9M)	(89.2M)	(93.7M)
Reconciled Depreciation	546.1M	631.1M	738.1M	1.1B	1.5B	874.4M

Pair Trading with Agnico Eagle

One of the main advantages of trading using pair correlations is that every trade hedges away some risk. Because there are two separate transactions required, even if Agnico Eagle position performs unexpectedly, the other equity can make up some of the losses. Pair trading also minimizes risk from directional movements in the market. For example, if an entire industry or sector drops because of unexpected headlines, the short position in Agnico Eagle will appreciate offsetting losses from the drop in the long position's value.

Moving together with Agnico Stock

0.83	AG	First Majestic Silver	Pair Corr
0.65	IE	Ivanhoe Energy	Pair Corr

Moving against Agnico Stock

0.33

INFM

Infinico Metals Corp

Pair Corr

The ability to find closely correlated positions to Agnico Eagle could be a great tool in your tax-loss harvesting strategies, allowing investors a quick way to find a similar-enough asset to replace Agnico Eagle when you sell it. If you don't do this, your portfolio allocation will be skewed against your target asset allocation. So, investors can't just sell and buy back Agnico Eagle - that would be a violation of the tax code under the "wash sale" rule, and this is why you need to find a similar enough asset and use the proceeds from selling Agnico Eagle Mines to buy it.

The correlation of Agnico Eagle is a statistical measure of how it moves in relation to other instruments. This measure is expressed in what is known as the correlation coefficient, which ranges between -1 and +1. A perfect positive correlation (i.e., a correlation coefficient of +1) implies that as Agnico Eagle moves, either up or down, the other security will move in the same direction. Alternatively, perfect negative correlation means that if Agnico Eagle Mines moves in either direction, the perfectly negatively correlated security will move in the opposite direction. If the correlation is 0, the equities are not correlated; they are entirely random. A correlation greater than 0.8 is generally described as strong, whereas a correlation less than 0.5 is generally considered weak.

Correlation analysis and pair trading evaluation for Agnico Eagle can also be used as hedging techniques within a particular sector or industry or even over random equities to generate a better risk-adjusted return on your portfolios.

Pair Correlation Correlation Matching

When determining whether Agnico Eagle Mines is a strong investment it is important to analyze Agnico Eagle's competitive position within its industry, examining market share, product or service uniqueness, and competitive advantages. Beyond financials and market position, potential investors should also consider broader economic conditions, industry trends, and any regulatory or geopolitical factors that may impact Agnico Eagle's future performance. For an informed investment choice regarding Agnico Stock, refer to the following important reports:

How To Invest In Agnico

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Is Agnico Stock a good investment?

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What is Agnico Eagle's Net Worth?

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Largest Metals & Mining Companies

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You can also try the Portfolio Analyzer module to portfolio analysis module that provides access to portfolio diagnostics and optimization engine.

Please note, there is a significant difference between Agnico Eagle's value and its price as these two are different measures arrived at by different means. Investors typically determine if Agnico Eagle is a good investment by looking at such factors as earnings, sales, fundamental and technical indicators, competition as well as analyst projections. However, Agnico Eagle's price is the amount at which it trades on the open market and represents the number that a seller and buyer find agreeable to each party.

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Agnico Historical Income Statement

About Agnico Income Statement Analysis

Agnico Eagle Income Statement Chart

Total Revenue

Gross Profit

Operating Income

Other Operating Expenses

Agnico Eagle income statement Correlations

Agnico Eagle Account Relationship Matchups

High Positive Relationship

High Negative Relationship

Agnico Eagle income statement Accounts

Pair Trading with Agnico Eagle

Moving together with Agnico Stock

Moving against Agnico Stock

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Cost Of Revenue	+ 0.99	Total Revenue
Operating Income	+ 0.99	Gross Profit
Ebit	+ 0.99	Ebitda
Other Operating Expenses	+ 0.99	Ebitda
Income Before Tax	+ 0.99	Net Income
Cost Of Revenue	+ 0.99	Depreciation And Amortization

Selling And Marketing Expenses	- 0.87	Net Interest Income
Net Interest Income	- 0.71	Income Tax Expense
Net Interest Income	- 0.71	Interest Expense
Net Interest Income	- 0.7	Tax Provision
Net Interest Income	- 0.67	Net Income From Continuing Ops
Net Interest Income	- 0.63	Income Before Tax