NEWMONT Corp DE
For the period ended Dec 31, 2023. Filed Feb 29, 2024.
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FY2023 · Filed Feb 29, 2024
NEM$119.96-4.2%Stored close · as of Nov 10, 2026
Extracted filing text, with the paragraph anchors used by the comparison.
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Item 8. Consolidated Statements of Cash Flows
| Year Ended December 31, | |||
|---|---|---|---|
| 2023 | 2022 | 2021 | |
| (in millions) | |||
| Operating activities: | |||
| Net income (loss) | $(2,467) | $(369) | $233 |
| Adjustments: | |||
| Depreciation and amortization | 2,108 | 2,185 | 2,323 |
| Impairment charges (Note 7) | 1,891 | 1,320 | 25 |
| Loss on assets held for sale (Note 1) | — | — | 571 |
| Net loss (income) from discontinued operations (Note 1) | (27) | (30) | (57) |
| Reclamation and remediation | 1,506 | 892 | 1,827 |
| (Gain) loss on asset and investment sales, net | 197 | (35) | (212) |
| Deferred income taxes (Note 10) | (104) | (278) | (109) |
| Stock-based compensation (Note 12) | 80 | 73 | 72 |
| Change in fair value of investments (Note 9) | 47 | 46 | 135 |
| Charges from pension settlement (Note 11) | 9 | 137 | 4 |
| Other non-cash adjustments | 27 | 98 | (5) |
| Net change in operating assets and liabilities (Note 24) | (513) | (841) | (541) |
| Net cash provided by (used in) operating activities of continuing operations | 2,754 | 3,198 | 4,266 |
| Net cash provided by (used in) operating activities of discontinued operations (Note 1) | 9 | 22 | 13 |
| Net cash provided by (used in) operating activities | 2,763 | 3,220 | 4,279 |
| Investing activities: | |||
| Additions to property, plant and mine development | (2,666) | (2,131) | (1,653) |
| Maturities of investments | 1,363 | 93 | — |
| Acquisitions, net (1) | 668 | (15) | (328) |
| Purchases of investments | (551) | (940) | (59) |
| Proceeds from sales of investments | 234 | 171 | 194 |
| Contributions to equity method investees | (108) | (194) | (150) |
| Return of investment from equity method investees | 36 | 62 | 18 |
| Proceeds from sales of mining operations and other assets, net | — | 16 | 84 |
| Other | 22 | (45) | 26 |
| Net cash provided by (used in) investing activities | (1,002) | (2,983) | (1,868) |
| Financing activities: | |||
| Dividends paid to common stockholders | (1,415) | (1,746) | (1,757) |
| Distributions to noncontrolling interests | (150) | (191) | (200) |
| Funding from noncontrolling interests | 138 | 117 | 100 |
| Payments on lease and other financing obligations (Note 21) | (67) | (66) | (73) |
| Payments for Norte Abierto deferred payment obligation | (64) | (8) | (26) |
| Payments for withholding of employee taxes related to stock-based compensation | (25) | (39) | (32) |
| Acquisition of noncontrolling interests (Note 1) | — | (348) | — |
| Repayment of debt | — | (89) | (1,382) |
| Proceeds from issuance of debt, net (Note 20) | — | — | 992 |
| Repurchases of common stock (Note 2) | — | — | (525) |
| Other | (20) | 14 | (55) |
| Net cash provided by (used in) financing activities | (1,603) | (2,356) | (2,958) |
| Effect of exchange rate changes on cash, cash equivalents and restricted cash | (2) | (30) | (8) |
| Net change in cash, cash equivalents and restricted cash | 156 | (2,149) | (555) |
| Cash, cash equivalents and restricted cash at beginning of period | 2,944 | 5,093 | 5,648 |
| Cash, cash equivalents and restricted cash at end of period | $3,100 | $2,944 | $5,093 |
| Year Ended December 31, | |||
|---|---|---|---|
| 2023 | 2022 | 2021 | |
| (in millions) | |||
| Reconciliation of cash, cash equivalents and restricted cash: | |||
| Cash and cash equivalents | $3,002 | $2,877 | $4,992 |
| Restricted cash included in Other current assets | 11 | 1 | 2 |
| Restricted cash included in Other non-current assets | 87 | 66 | 99 |
| Total cash, cash equivalents and restricted cash | $3,100 | $2,944 | $5,093 |
| Supplemental cash flow information: | |||
| Income and mining taxes paid, net of refunds | $794 | $1,122 | $1,534 |
| Interest paid, net of amounts capitalized | $228 | $172 | $229 |
(1)Acquisitions, net is primarily related to the cash acquired in the Newcrest transaction for the year ended December 31, 2023, and the asset acquisition of the remaining 85.1% of GT Gold for the year ended December 31, 2021. Refer to Note 1 for additional information.
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