10-KPeriod: FY2013

NEWMONT Corp /DE/ Annual Report, Year Ended Dec 31, 2013

Filed February 21, 2014For Securities:NEMNEMCL

Summary

This 10-K filing from Newmont Corporation for the fiscal year ended December 30, 2013, provides a comprehensive overview of the company's financial position and operational details. While the filing itself is extensive, key information for investors centers on the company's financial health, executive structure, and significant contractual agreements. A notable item is the significant increase in the Deferred Income Tax Valuation Allowance, which grew from $1.626 billion in 2012 to $2.724 billion in 2013, indicating potential future tax benefits or uncertainties. The filing also details the executive officers and directors, outlining the leadership team responsible for guiding the company's strategic direction. A substantial portion of the document is dedicated to exhibits, which include various agreements related to debt, acquisitions, stock plans, and executive compensation. Investors should pay close attention to these exhibits as they can reveal important details about the company's capital structure, growth strategies, and commitments to management.

Financial Highlights

53 data points
Beta

Revenue

$8.41B

Net Income

-$2.53B

-30.1% Net Margin

EPS (Diluted)

$-5.09

Total Assets

$24.61B

Cash & Equivalents

$1.31B

Free Cash Flow

$1.54B

Financial Statements
Beta
Revenue$8.41B
R&D Expenses$222.00M
Operating Expenses$12.07B
Operating Income-$2.60B
Net Income-$2.53B
EPS (Basic)$-5.09
EPS (Diluted)$-5.09
Shares Outstanding (Basic)498.00M
Shares Outstanding (Diluted)498.00M

Key Highlights

  • 1The Deferred Income Tax Valuation Allowance saw a substantial increase, rising from $1.626 billion in 2012 to $2.724 billion in 2013.
  • 2The filing lists the Chief Executive Officer, Gary J. Goldberg, and other principal executive, financial, and accounting officers.
  • 3A wide array of exhibits detail various agreements, including underwriting agreements, acquisition agreements, and numerous debt instruments such as notes and indentures.
  • 4Extensive information on executive and employee compensation plans, including stock incentive plans, annual incentive programs, and severance plans, is incorporated by reference.
  • 5The company's subsidiaries are listed in Exhibit 21, providing insight into its operational footprint.
  • 6Consents from auditors (PricewaterhouseCoopers LLP) and legal documents like Powers of Attorney are included, standard for annual filings.

Frequently Asked Questions

The significant increase in the Deferred Income Tax Valuation Allowance from $1.626 billion in 2012 to $2.724 billion in 2013 suggests that Newmont Corporation may have recognized a greater need to offset potential future tax liabilities with these allowances. This could be due to changes in the company's assessment of future taxable income, changes in tax laws, or significant operational shifts impacting tax positions. Investors should look for further details in the financial statement notes (referenced as Note 8) for a more in-depth explanation from the company.

The exhibits detail a wide range of critical agreements. These include underwriting agreements related to past debt issuances, significant acquisition agreements (such as with Franco-Nevada Corporation and Fronteer Gold Inc.), various indentures and notes representing the company's debt obligations, and numerous compensation plans for executives and employees. These documents provide context on the company's financing, growth strategies, and management incentives.

The principal executive officers identified are Gary J. Goldberg (Chief Executive Officer and Director) and Laurie Brlas (Executive Vice President and Chief Financial Officer). Christopher S. Howson is listed as Vice President and Controller. The filing also lists several Directors, including Bruce R. Brook, J. Kofi Bucknor, Vincent A. Calarco, Joseph A. Carrabba, Noreen Doyle, Veronica M. Hagen, Jane Nelson, Donald C. Roth, and Simon R. Thompson. This information is crucial for understanding the company's leadership.

This JSON provides a summary and key highlights based on the provided text. For a complete financial picture, investors should refer to the full 10-K report, specifically the 'ITEM 8. FINANCIAL STATEMENTS AND SUPPLEMENTARY DATA' section. This section would contain the detailed consolidated financial statements, including balance sheets, income statements, and cash flow statements, along with extensive notes that provide further explanation and context for the figures presented.