Newmont Historical Income Statement

NGT Stock  CAD 58.21  0.29  0.50%   
Historical analysis of Newmont Goldcorp income statement accounts such as Total Revenue of 12.4 B can show how well Newmont Goldcorp Corp performed in making a profits. Evaluating Newmont Goldcorp income statement over time to spot trends is a great complementary tool to traditional technical analysis and can indicate the direction of Newmont Goldcorp's future profits or losses.
 
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Financial Statement Analysis is much more than just reviewing and examining Newmont Goldcorp 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 Newmont Goldcorp Corp is a good buy for the upcoming year.
  
Check out Correlation Analysis to better understand how to build diversified portfolios, which includes a position in Newmont Goldcorp 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 board of governors.

About Newmont Income Statement Analysis

Newmont Goldcorp 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 Newmont Goldcorp shareholders. The income statement also shows Newmont 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).

Newmont Goldcorp Income Statement Chart

At this time, Newmont Goldcorp's Cost Of Revenue is very stable compared to the past year. As of the 4th of December 2024, Total Operating Expenses is likely to grow to about 2.4 B, while Selling General Administrative is likely to drop about 196 M.

Gross Profit

Gross profit is a required income statement account that reflects total revenue of Newmont Goldcorp Corp minus its cost of goods sold. It is profit before Newmont Goldcorp 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.

Other Operating Expenses

Other Operating Expenses is the expense which generally does not depend on sales or production quantities of Newmont Goldcorp Corp. It is also known as Newmont Goldcorp 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.

Net Income

Net income is one of the most important fundamental items in finance. It plays a large role in Newmont Goldcorp Corp financial statement analysis. It represents the amount of money remaining after all of Newmont Goldcorp Corp operating expenses, interest, taxes and preferred stock dividends have been deducted from a company total revenue.

Net Income Applicable To Common Shares

The net income that remains after preferred dividends have been deducted, available to common shareholders.
Most accounts from Newmont Goldcorp's income statement are interrelated and interconnected. However, analyzing income statement accounts one by one will only give a small insight into Newmont Goldcorp 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 Correlation Analysis to better understand how to build diversified portfolios, which includes a position in Newmont Goldcorp 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 board of governors.
At this time, Newmont Goldcorp's Cost Of Revenue is very stable compared to the past year. As of the 4th of December 2024, Total Operating Expenses is likely to grow to about 2.4 B, while Selling General Administrative is likely to drop about 196 M.
 2021 2022 2023 2024 (projected)
Gross Profit4.5B3.3B3.0B2.0B
Total Revenue12.2B11.9B11.8B12.4B

Newmont Goldcorp income statement Correlations

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0.530.560.560.310.510.330.330.480.580.20.11-0.10.120.150.10.21-0.07-0.070.18-0.03-0.04-0.110.15
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0.880.560.770.690.930.460.450.660.890.840.06-0.32-0.050.360.390.48-0.36-0.06-0.070.08-0.560.340.72
0.370.310.690.690.40.770.770.810.290.620.46-0.040.320.530.70.26-0.030.180.170.19-0.04-0.150.32
0.940.510.640.930.40.170.160.420.980.82-0.19-0.41-0.280.210.160.51-0.39-0.17-0.230.01-0.70.540.78
0.210.330.630.460.770.171.00.920.120.260.710.130.640.480.570.23-0.220.090.550.110.09-0.280.14
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0.950.580.620.890.290.980.120.120.40.7-0.2-0.38-0.240.150.060.47-0.46-0.21-0.15-0.03-0.710.510.76
0.690.20.550.840.620.820.260.260.40.7-0.13-0.41-0.310.330.410.5-0.08-0.04-0.390.12-0.520.50.68
-0.010.110.270.060.46-0.190.710.720.65-0.2-0.130.780.960.70.080.24-0.170.040.73-0.040.12-0.440.05
-0.22-0.1-0.19-0.32-0.04-0.410.130.140.09-0.38-0.410.780.780.58-0.370.1-0.03-0.020.52-0.170.11-0.34-0.1
-0.050.120.16-0.050.32-0.280.640.640.59-0.24-0.310.960.780.5-0.030.2-0.240.110.860.060.2-0.540.02
0.290.150.470.360.530.210.480.480.540.150.330.70.580.50.060.43-0.04-0.30.22-0.43-0.330.020.28
-0.060.10.370.390.70.160.570.570.430.060.410.08-0.37-0.030.06-0.30.140.32-0.210.30.27-0.05-0.15
0.670.210.350.480.260.510.230.230.420.470.50.240.10.20.43-0.3-0.08-0.350.3-0.12-0.50.070.74
-0.5-0.07-0.37-0.36-0.03-0.39-0.22-0.23-0.35-0.46-0.08-0.17-0.03-0.24-0.040.14-0.080.12-0.31-0.020.59-0.35-0.53
-0.25-0.07-0.31-0.060.18-0.170.090.09-0.01-0.21-0.040.04-0.020.11-0.30.32-0.350.120.080.740.59-0.21-0.15
0.060.180.2-0.070.17-0.230.550.550.57-0.15-0.390.730.520.860.22-0.210.3-0.310.080.020.15-0.580.09
-0.06-0.03-0.20.080.190.010.110.110.05-0.030.12-0.04-0.170.06-0.430.3-0.12-0.020.740.020.42-0.140.07
-0.76-0.04-0.47-0.56-0.04-0.70.090.09-0.16-0.71-0.520.120.110.2-0.330.27-0.50.590.590.150.42-0.68-0.74
0.38-0.110.20.34-0.150.54-0.28-0.27-0.190.510.5-0.44-0.34-0.540.02-0.050.07-0.35-0.21-0.58-0.14-0.680.33
0.880.150.430.720.320.780.140.140.420.760.680.05-0.10.020.28-0.150.74-0.53-0.150.090.07-0.740.33
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Newmont Goldcorp Account Relationship Matchups

Newmont Goldcorp income statement Accounts

201920202021202220232024 (projected)
Depreciation And Amortization2.0B2.3B2.3B2.2B2.1B2.2B
Interest Expense301M308M274M227M243M255.2M
Selling General Administrative313M269M259M276M299M196.0M
Total Revenue9.7B11.5B12.2B11.9B11.8B12.4B
Gross Profit2.6B4.2B4.5B3.3B3.0B2.0B
Other Operating Expenses8.2B8.4B10.2B10.3B11.1B11.7B
Operating Income4.0B2.8B1.7B1.5B871M1.2B
Ebit4.0B2.8B1.7B1.5B871M1.2B
Ebitda6.0B5.1B4.1B3.6B3.0B2.0B
Cost Of Revenue7.2B7.3B7.8B8.7B8.8B9.2B
Total Operating Expenses1.0B1.1B2.5B1.7B2.3B2.4B
Income Before Tax3.7B3.1B1.1B(51M)(2.0B)(1.9B)
Total Other Income Expense Net(306M)320M(633M)(1.5B)(2.6B)(2.5B)
Net Income2.8B2.8B10M(506M)(2.5B)(2.4B)
Income Tax Expense832M704M1.1B455M526M295.7M
Research Development150M122M154M229M200M185.2M
Tax Provision832M704M1.1B455M526M664.9M
Interest Income85M24M368M78M148M145.8M
Discontinued Operations(72M)163M57M30M34.5M36.2M
Net Income From Continuing Ops3.0B2.6B176M(399M)(2.5B)(2.4B)
Extraordinary Items109M(72M)163M57M65.6M68.8M
Net Income Applicable To Common Shares2.8B2.8B1.2B(429M)(493.4M)(468.7M)
Minority Interest997M871M933M(60M)(27M)(25.7M)
Net Interest Income(244M)(284M)(256M)(227M)(95M)(99.8M)
Reconciled Depreciation2.0B2.3B2.3B2.2B2.1B2.1B

Pair Trading with Newmont Goldcorp

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 Newmont Goldcorp 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 Newmont Goldcorp will appreciate offsetting losses from the drop in the long position's value.

Moving together with Newmont Stock

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Moving against Newmont Stock

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The ability to find closely correlated positions to Newmont Goldcorp could be a great tool in your tax-loss harvesting strategies, allowing investors a quick way to find a similar-enough asset to replace Newmont Goldcorp 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 Newmont Goldcorp - 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 Newmont Goldcorp Corp to buy it.
The correlation of Newmont Goldcorp 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 Newmont Goldcorp moves, either up or down, the other security will move in the same direction. Alternatively, perfect negative correlation means that if Newmont Goldcorp Corp 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 Newmont Goldcorp 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 CorrelationCorrelation Matching
When determining whether Newmont Goldcorp Corp is a strong investment it is important to analyze Newmont Goldcorp'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 Newmont Goldcorp's future performance. For an informed investment choice regarding Newmont Stock, refer to the following important reports:
Check out Correlation Analysis to better understand how to build diversified portfolios, which includes a position in Newmont Goldcorp 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 board of governors.
You can also try the Content Syndication module to quickly integrate customizable finance content to your own investment portal.
Please note, there is a significant difference between Newmont Goldcorp's value and its price as these two are different measures arrived at by different means. Investors typically determine if Newmont Goldcorp is a good investment by looking at such factors as earnings, sales, fundamental and technical indicators, competition as well as analyst projections. However, Newmont Goldcorp'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.