Barrick Historical Income Statement
| GOLD Stock | USD 17.57 0.01 0.06% |
Historical analysis of Barrick Gold income statement accounts such as Gross Profit of 2.4 B or Operating Income of 1.9 B can show how well Barrick Gold Corp performed in making a profits. Evaluating Barrick Gold income statement over time to spot trends is a great complementary tool to traditional technical analysis and can indicate the direction of Barrick Gold's future profits or losses.
Financial Statement Analysis is much more than just reviewing and examining Barrick Gold Corp 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 Barrick Gold Corp is a good buy for the upcoming year.
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About Barrick Income Statement Analysis
Barrick Gold Corp 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 Barrick Gold shareholders. The income statement also shows Barrick 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).
Barrick Gold Income Statement Chart
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Total Revenue
Total revenue comprises all receipts Barrick Gold Corp 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 Barrick Gold Corp minus its cost of goods sold. It is profit before Barrick Gold 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 Barrick Gold Corp 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 Barrick Gold Corp 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.Most accounts from Barrick Gold's income statement are interrelated and interconnected. However, analyzing income statement accounts one by one will only give a small insight into Barrick Gold Corp 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 Risk vs Return Analysis to better understand how to build diversified portfolios, which includes a position in Barrick Gold Corp. Also, note that the market value of any company could be closely tied with the direction of predictive economic indicators such as signals in bureau of economic analysis. At present, Barrick Gold's Net Income is projected to increase significantly based on the last few years of reporting. The current year's Total Operating Expenses is expected to grow to about 939.4 M, whereas Gross Profit is forecasted to decline to about 2.4 B.
| 2021 | 2022 | 2023 | 2024 (projected) | Gross Profit | 4.9B | 3.5B | 3.5B | 2.4B | Total Revenue | 12.0B | 11.0B | 11.4B | 5.7B |
Barrick Gold income statement Correlations
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Barrick Gold Account Relationship Matchups
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Barrick Gold income statement Accounts
| 2019 | 2020 | 2021 | 2022 | 2023 | 2024 (projected) | ||
| Interest Expense | 427M | 323M | 346M | 341M | 350M | 367.5M | |
| Total Revenue | 9.7B | 12.6B | 12.0B | 11.0B | 11.4B | 5.7B | |
| Gross Profit | 2.8B | 5.2B | 4.9B | 3.5B | 3.5B | 2.4B | |
| Operating Income | 5.1B | 4.9B | 4.8B | 3.4B | 2.5B | 1.9B | |
| Ebit | 5.1B | 5.3B | 4.5B | 1.7B | 3.0B | 1.7B | |
| Ebitda | 7.1B | 7.7B | 6.6B | 3.7B | 5.2B | 2.7B | |
| Net Income | 4.0B | 3.6B | 3.3B | 432M | 1.3B | 1.3B | |
| Income Tax Expense | 1.8B | 1.3B | 1.3B | 664M | 861M | 437.4M | |
| Depreciation And Amortization | 2.0B | 2.5B | 2.1B | 2.0B | 2.2B | 1.2B | |
| Other Operating Expenses | 7.3B | 8.1B | 7.6B | 8.0B | 8.7B | 5.1B | |
| Cost Of Revenue | 6.9B | 7.4B | 7.1B | 7.5B | 7.9B | 4.1B | |
| Total Operating Expenses | 400M | 669M | 555M | 492M | 590M | 939.4M | |
| Income Before Tax | 6.4B | 4.9B | 4.6B | 1.7B | 2.8B | 3.0B | |
| Total Other Income Expense Net | 1.3B | 43M | (191M) | (1.3B) | 345M | 362.3M | |
| Selling General Administrative | 212M | 185M | 151M | 159M | 126M | 226.7M | |
| Net Income Applicable To Common Shares | 4.0B | 2.3B | 2.0B | 432M | 496.8M | 864.6M | |
| Minority Interest | 8.4B | 8.4B | (1.3B) | (585M) | (681M) | (647.0M) | |
| Net Income From Continuing Ops | 4.6B | 3.6B | 3.3B | 1.0B | 2.0B | 2.1B | |
| Tax Provision | 1.8B | 1.3B | 1.3B | 664M | 861M | 1.1B | |
| Net Interest Income | (468M) | (332M) | (344M) | (236M) | (64M) | (67.2M) | |
| Interest Income | 51M | 49M | 57M | 111M | 21M | 20.0M | |
| Reconciled Depreciation | 2.0B | 2.2B | 2.1B | 2.0B | 2.0B | 2.1B |
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Analyzing currently trending equities could be an opportunity to develop a better portfolio based on different market momentums that they can trigger. Utilizing the top trending stocks is also useful when creating a market-neutral strategy or pair trading technique involving a short or a long position in a currently trending equity.When determining whether Barrick Gold Corp is a strong investment it is important to analyze Barrick Gold'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 Barrick Gold's future performance. For an informed investment choice regarding Barrick Stock, refer to the following important reports:Check out Risk vs Return Analysis to better understand how to build diversified portfolios, which includes a position in Barrick Gold Corp. Also, note that the market value of any company could be closely tied with the direction of predictive economic indicators such as signals in bureau of economic analysis. You can also try the Portfolio Backtesting module to avoid under-diversification and over-optimization by backtesting your portfolios.
Is Metals & Mining space expected to grow? Or is there an opportunity to expand the business' product line in the future? Factors like these will boost the valuation of Barrick Gold. If investors know Barrick will grow in the future, the company's valuation will be higher. The financial industry is built on trying to define current growth potential and future valuation accurately. All the valuation information about Barrick Gold listed above have to be considered, but the key to understanding future value is determining which factors weigh more heavily than others.
Quarterly Earnings Growth 0.315 | Dividend Share 0.4 | Earnings Share 0.92 | Revenue Per Share 7.032 | Quarterly Revenue Growth 0.177 |
The market value of Barrick Gold Corp is measured differently than its book value, which is the value of Barrick that is recorded on the company's balance sheet. Investors also form their own opinion of Barrick Gold's value that differs from its market value or its book value, called intrinsic value, which is Barrick Gold's true underlying value. Investors use various methods to calculate intrinsic value and buy a stock when its market value falls below its intrinsic value. Because Barrick Gold's market value can be influenced by many factors that don't directly affect Barrick Gold's underlying business (such as a pandemic or basic market pessimism), market value can vary widely from intrinsic value.
Please note, there is a significant difference between Barrick Gold's value and its price as these two are different measures arrived at by different means. Investors typically determine if Barrick Gold is a good investment by looking at such factors as earnings, sales, fundamental and technical indicators, competition as well as analyst projections. However, Barrick Gold'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.