10-QPeriod: Q3 FY2015

NEWMONT Corp /DE/ Quarterly Report for Q3 Ended Sep 30, 2015

Filed October 29, 2015For Securities:NEMNEMCL

Summary

Newmont Corporation's (NEM) third-quarter 2015 10-Q filing reveals a mixed operational and financial performance, marked by efforts to manage costs and debt amidst a challenging commodity price environment. The company generated revenue from its various gold mining operations, but profitability was impacted by several factors, including lower realized gold prices and operational adjustments. Management's discussion highlights a focus on improving cost efficiency and maintaining financial flexibility. Key financial areas to note include the company's liquidity position, capital expenditures, and debt management strategies. Investors should pay close attention to the company's ability to generate free cash flow, manage its debt obligations, and adapt to fluctuating market conditions. The filing also touches upon various risk factors inherent in the mining industry, including commodity price volatility, operational risks, and environmental concerns, which are crucial for a comprehensive understanding of Newmont's business outlook.

Financial Highlights

48 data points
Beta

Net Income

$219.00M

EPS (Diluted)

$0.42

Total Assets

$25.55B

Cash & Equivalents

$2.43B

Free Cash Flow

$810.00M

Financial Statements
Beta
Gross Profit$321.00M
R&D Expenses$31.00M
Operating Expenses$1.39B
Operating Income$159.00M
Net Income$219.00M
EPS (Basic)$0.42
EPS (Diluted)$0.42
Shares Outstanding (Basic)529.00M
Shares Outstanding (Diluted)530.00M

Key Highlights

  • 1The report covers the third quarter of 2015, providing investors with a snapshot of the company's performance during that period.
  • 2Management's Discussion and Analysis (MD&A) section is a key area for understanding the operational results and financial condition.
  • 3The filing includes standard financial statements: Income, Comprehensive Income, Cash Flows, and Balance Sheets.
  • 4Newmont is actively discussing its liquidity and capital resources, indicating a focus on financial health and strategic investments.
  • 5The company addresses market risk and its potential impact on financial performance.
  • 6Risk factors are detailed, offering insight into potential challenges and uncertainties faced by Newmont.
  • 7The report also contains information on legal proceedings, issuer purchases of equity, and mine safety disclosures.

Frequently Asked Questions

The 10-Q filing for the third quarter of 2015 provides detailed financial statements, including the Condensed Consolidated Statements of Income, which would show revenue, cost of goods sold, operating expenses, and net income for the period. Investors should refer to the 'Consolidated Financial Results' and 'Results of Consolidated Operations' sections within the MD&A for a narrative explanation of the performance drivers, including impacts of gold prices and operational efficiencies.

The 'Liquidity and Capital Resources' section of the MD&A is critical for understanding Newmont's cash position, debt levels, and its ability to meet financial obligations and fund operations. Investors should look for details on cash flow from operations, capital expenditures, and any financing activities or debt repayment plans discussed by management.

Item 1A, 'Risk Factors,' outlines the significant risks that could affect Newmont's business, financial condition, or results of operations. These typically include risks related to commodity price volatility (especially gold), operational challenges, environmental regulations, political and economic instability in mining regions, and foreign currency fluctuations.

Yes, the 'Non-GAAP Financial Measures' section within the MD&A is where Newmont would disclose and reconcile any non-GAAP metrics it uses, such as adjusted EBITDA or free cash flow, providing a more granular view of performance beyond standard accounting measures.