NEWMONT Corp DE
For the period ended Mar 31, 2024. Filed Apr 29, 2024.
View on SEC.govAbout this filing
A company's report for each of its first three quarters. The financial statements are not audited. It shows how the business has moved since the last annual report, and what management says changed.
Mar 31, 2024 · Filed Apr 29, 2024
Extracted filing text, with the paragraph anchors used by the comparison.
See the whole filing, with its images and exhibitsContents
Condensed Consolidated Statements of Cash Flows
| Three Months EndedMarch 31, | ||
|---|---|---|
| 2024 | 2023 | |
| Operating activities: | ||
| Net income (loss) | $179 | $363 |
| Non-cash adjustments: | ||
| Depreciation and amortization | 654 | 461 |
| Loss on assets held for sale (Note 5) | 485 | — |
| Net (income) loss from discontinued operations | (4) | (12) |
| Reclamation and remediation | 94 | 61 |
| Deferred income taxes | 53 | 15 |
| Change in fair value of investments (Note 9) | (31) | (41) |
| Other non-cash adjustments | 12 | (4) |
| Net change in operating assets and liabilities (Note 19) | (666) | (362) |
| Net cash provided by (used in) operating activities | 776 | 481 |
| Investing activities: | ||
| Additions to property, plant and mine development | (850) | (526) |
| Proceeds from asset and investment sales | 35 | 181 |
| Return of investment from equity method investees | 25 | — |
| Purchases of investments | (23) | (525) |
| Contributions to equity method investees | (15) | (41) |
| Proceeds from maturities of investments | — | 557 |
| Other | 30 | 12 |
| Net cash provided by (used in) investing activities | (798) | (342) |
| Financing activities: | ||
| Proceeds from issuance of debt, net | 3,476 | — |
| Repayment of debt | (3,423) | — |
| Dividends paid to common stockholders | (288) | (318) |
| Distributions to noncontrolling interests | (41) | (34) |
| Funding from noncontrolling interests | 22 | 41 |
| Payments on lease and other financing obligations | (18) | (16) |
| Payments for withholding of employee taxes related to stock-based compensation | (10) | (22) |
| Other | (17) | (1) |
| Net cash provided by (used in) financing activities | (299) | (350) |
| Effect of exchange rate changes on cash, cash equivalents and restricted cash | (3) | (8) |
| Net change in cash, cash equivalents and restricted cash, including cash and restricted cash reclassified to assets held for sale | (324) | (219) |
| Less: cash and restricted cash reclassified to assets held for sale (1) | (395) | — |
| Net change in cash, cash equivalents and restricted cash | (719) | (219) |
| Cash, cash equivalents and restricted cash at beginning of period | 3,100 | 2,944 |
| Cash, cash equivalents and restricted cash at end of period | $2,381 | $2,725 |
| Reconciliation of cash, cash equivalents and restricted cash: | ||
| Cash and cash equivalents | $2,336 | $2,657 |
| Restricted cash included in other current assets | 6 | 1 |
| Restricted cash included in other non-current assets | 39 | 67 |
| Total cash, cash equivalents and restricted cash | $2,381 | $2,725 |
(1)During the first quarter of 2024, certain non-core assets were determined to meet the criteria for assets held for sale. As a result, the related assets and liabilities, including $342 of Cash and cash equivalents and $53 of restricted cash, included in Other current assets and Other non-current assets, were reclassified to Current assets held for sale and Current liabilities held for sale, respectively. Refer to Note 5 for additional information.
The text of this filing, as the company filed it with the SEC, without its images or exhibits. This is not investment advice.