NEWMONT Corp /DE/
For the period ended Sep 30, 2025. Filed Oct 23, 2025.
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.
Sep 30, 2025 · Filed Oct 23, 2025
Extracted filing text, with the paragraph anchors used by the comparison.
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Condensed Consolidated Statements of Cash Flows
| Nine Months Ended September 30, | ||
|---|---|---|
| 2025 | 2024 | |
| Operating activities: | ||
| Net income (loss) | $5,820 | $1,960 |
| Non-cash adjustments: | ||
| Depreciation and amortization | 1,856 | 1,887 |
| (Gain) loss on sale of assets held for sale (Note 3) | (1,074) | 846 |
| Change in fair value of investments and options | (480) | (39) |
| Net (income) loss from discontinued operations | — | (68) |
| Deferred income taxes | 416 | (35) |
| Reclamation and remediation | 282 | 306 |
| Stock-based compensation | 71 | 66 |
| Other non-cash adjustments | 93 | 22 |
| Change in operating assets and liabilities: | ||
| Trade and other receivables | 74 | (307) |
| Inventories, stockpiles and ore on leach pads | (342) | (580) |
| Other assets | (143) | 63 |
| Accounts payable | (8) | (54) |
| Reclamation and remediation liabilities (Note 6) | (527) | (273) |
| Accrued tax liabilities (1) | 527 | 82 |
| Other accrued liabilities | 148 | (69) |
| Net cash provided by (used in) operating activities of continuing operations | 6,713 | 3,807 |
| Net cash provided by (used in) operating activities of discontinued operations | — | 45 |
| Net cash provided by (used in) operating activities | 6,713 | 3,852 |
| Investing activities: | ||
| Proceeds from sales of mining operations and other assets, net | 2,789 | 330 |
| Additions to property, plant and mine development | (2,227) | (2,527) |
| Proceeds from sales of investments | 952 | 15 |
| Return of investment from equity method investees | 55 | 55 |
| Contributions to equity method investees | (52) | (35) |
| Purchases of investments | (14) | (62) |
| Other | (117) | 70 |
| Net cash provided by (used in) investing activities of continuing operations | 1,386 | (2,154) |
| Net cash provided by (used in) investing activities of discontinued operations | — | 153 |
| Net cash provided by (used in) investing activities | 1,386 | (2,001) |
| Financing activities: | ||
| Repayment of debt | (3,360) | (3,783) |
| Repurchases of common stock | (1,875) | (448) |
| Dividends paid to common stockholders | (834) | (863) |
| Distributions to noncontrolling interests | (132) | (113) |
| Funding from noncontrolling interests | 103 | 87 |
| Payments on lease and other financing obligations | (70) | (62) |
| Payments for withholding of employee taxes related to stock-based compensation | (19) | (12) |
| Proceeds from issuance of debt, net | — | 3,476 |
| Other | (20) | (28) |
| Net cash provided by (used in) financing activities | (6,207) | (1,746) |
| Effect of exchange rate changes on cash, cash equivalents and restricted cash | (8) | (15) |
| Net change in cash, cash equivalents and restricted cash, including cash and restricted cash reclassified to assets held for sale | 1,884 | 90 |
| Less: change in cash and restricted cash reclassified to assets held for sale (2) | 138 | (140) |
| Net change in cash, cash equivalents and restricted cash | 2,022 | (50) |
| Cash, cash equivalents and restricted cash at beginning of period | 3,650 | 3,100 |
| Cash, cash equivalents and restricted cash at end of period | $5,672 | $3,050 |
CONDENSED CONSOLIDATED STATEMENTS OF CASH FLOWS
| Nine Months Ended September 30, | ||
|---|---|---|
| 2025 | 2024 | |
| Reconciliation of cash, cash equivalents and restricted cash: | ||
| Cash and cash equivalents | $5,639 | $3,016 |
| Restricted cash included in other current assets | 1 | 3 |
| Restricted cash included in other non-current assets | 32 | 31 |
| Total cash, cash equivalents and restricted cash | $5,672 | $3,050 |
(1)Includes $1,701 and $558 of cash payments for income and mining taxes, net of refunds, for the nine months ended September 30, 2025 and 2024, respectively.
(2)During the first quarter of 2024, certain non-core assets were determined to meet the criteria for assets held for sale. As a result, at September 30, 2024 the related assets, including $86 of Cash and cash equivalents and $54 of restricted cash, included in Other current assets and Other non-current assets, were reclassified to Assets held for sale. At September 30, 2025, no amounts relating to Cash and cash equivalentsand restricted cash remained in Assets held for sale. Refer to Note 3 for additional information.
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