Cash flow B2Gold Corp.

Equities

BTO

CA11777Q2099

Gold

Market Closed - Toronto S.E. Other stock markets 04:00:00 2024-09-06 pm EDT			5-day change	1st Jan Change
3.590 ^CAD	-1.37%		-5.28%	-14.32%

Aug. 09	Transcript : B2Gold Corp., Q2 2024 Earnings Call, Aug 09, 2024
Aug. 09	B2Gold Keeps Stock Rating, Price Target at Both RBC and National Bank On First Looks at Q4	MT

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Published financial data: B2GOLD CORP.

Annual

Quarterly

Halfyear

YTD

LTM

Fiscal Period: December	2019	2020	2021	2022	2023
Revenues	1.16B	1.79B	1.76B	1.73B	1.93B
Total Revenues	1.16B	1.79B	1.76B	1.73B	1.93B
Cost of Goods Sold, Total	454M	529M	615M	744M	752M
Gross Profit	702M	1.26B	1.15B	988M	1.18B
Selling General & Admin Expenses, Total	57.78M	52.09M	53.26M	57.22M	67.57M
Exploration / Drilling Costs, Total	-	-	2M	-	2M
Stock-Based Compensation (IS)	17.14M	17.13M	22.57M	24.84M	20.92M
Depreciation & Amortization - (IS)	251M	301M	379M	384M	402M
Impairment of Oil, Gas & Mineral Properties - (IS)	7.28M	11.35M	15K	12.37M	226M
Other Operating Expenses	2.02M	8.66M	-18.09M	-13.31M	7.06M
Other Operating Expenses, Total	336M	391M	439M	465M	726M
Operating Income	366M	869M	709M	523M	457M
Interest Expense, Total	-26.55M	-15.8M	-11.8M	-10.84M	-13.92M
Interest And Investment Income	-	-	-	11.96M	18.52M
Net Interest Expenses	-26.55M	-15.8M	-11.8M	1.12M	4.59M
Income (Loss) On Equity Invest.	1.11M	22.17M	17.54M	10.18M	19.87M
Currency Exchange Gains (Loss)	1.63M	-15.3M	-5.9M	-10.05M	-16.02M
Other Non Operating Income (Expenses)	-649K	3M	2.02M	8.13M	-16.36M
EBT, Excl. Unusual Items	342M	863M	711M	533M	449M
Restructuring Charges	-	-	-	-	-12.15M
Impairment of Goodwill	-	-	-	-	-
Gain (Loss) On Sale Of Investments	-	-	-	-	-116M
Gain (Loss) On Sale Of Assets	40.13M	-	23.46M	-2.8M	-
Asset Writedown	100M	174M	-5.9M	909K	-148K
Other Unusual Items	-	-3M	-2M	-	-
EBT, Incl. Unusual Items	482M	1.03B	726M	531M	320M
Income Tax Expense	174M	362M	265M	244M	279M
Earnings From Continuing Operations	309M	672M	461M	287M	41.59M
Earnings Of Discontinued Operations	6.98M	-	-	-	-
Net Income to Company	316M	672M	461M	287M	41.59M
Minority Interest	-22.46M	-44.35M	-40.76M	-33.85M	-31.49M
Net Income - (IS)	293M	628M	420M	253M	10.1M
Net Income to Common Incl Extra Items	293M	628M	420M	253M	10.1M
Net Income to Common Excl. Extra Items	286M	628M	420M	253M	10.1M
Per Share Items
Net EPS - Basic	0.29	0.6	0.4	0.24	0.01
Basic EPS - Continuing Operations	0.28	0.6	0.4	0.24	0.01
Basic Weighted Average Shares Outstanding	1.01B	1.04B	1.05B	1.06B	1.23B
Net EPS - Diluted	0.29	0.59	0.4	0.24	0.01
Diluted EPS - Continuing Operations	0.28	0.59	0.4	0.24	0.01
Diluted Weighted Average Shares Outstanding	1.02B	1.06B	1.06B	1.07B	1.24B
Normalized Basic EPS	0.19	0.47	0.38	0.28	0.2
Normalized Diluted EPS	0.19	0.47	0.38	0.28	0.2
Dividend Per Share	0.01	0.11	0.16	0.16	0.16
Payout Ratio	3.5	18.35	40.08	67.48	1.85K
American Depositary Receipts Ratio (ADR)	1	1	1	1	1
Supplemental Items
EBITDA	525M	1.18B	1.09B	917M	873M
EBITA	369M	870M	710M	526M	457M
EBIT	366M	869M	709M	523M	457M
EBITDAR	-	1.19B	1.09B	937M	934M
Effective Tax Rate - (Ratio)	35.97	35	36.55	45.96	87.02
Current Foreign Taxes	-	-	-	-	-
Total Current Taxes	114M	310M	271M	248M	290M
Deferred Foreign Taxes	-	-	-	-	-
Total Deferred Taxes	59.08M	52.1M	-5.27M	-3.92M	-11.34M
Normalized Net Income	191M	495M	403M	299M	249M
Interest Capitalized	-	-	-	-	-
Interest on Long-Term Debt	3.25M	3.62M	1.84M	1.56M	2.39M
Supplemental Operating Expense Items
General and Administrative Expenses	54.56M	45.6M	50.18M	54.48M	62.36M
Exploration/Drilling Costs	-	-	2M	-	2M
Net Rental Expense, Total	-	14M	9M	20M	61M
Imputed Operating Lease Interest Expense	-	9.52M	9.18M	26.21M	54.5M
Imputed Operating Lease Depreciation	-	4.48M	-176K	-6.21M	6.5M
Stock-Based Comp., Other (Total)	17.14M	17.13M	22.57M	24.84M	20.92M
Total Stock-Based Compensation	17.14M	17.13M	22.57M	24.84M	20.92M

Fiscal Period: December	2019	2020	2021	2022	2023
Assets
Cash And Equivalents	141M	480M	673M	652M	307M
Total Cash And Short Term Investments	141M	480M	673M	652M	307M
Accounts Receivable, Total	-	-	-	-	-
Other Receivables	32.97M	19.74M	63.8M	29.32M	37.69M
Total Receivables	32.97M	19.74M	63.8M	29.32M	37.69M
Inventory	218M	238M	272M	332M	346M
Prepaid Expenses	2.22M	4.9M	4.15M	4.06M	8.64M
Other Current Assets, Total	35.79M	20.32M	32.81M	17.81M	11.01M
Total Current Assets	430M	763M	1.05B	1.04B	711M
Gross Property Plant And Equipment	2.92B	3.54B	3.77B	4.2B	6.41B
Accumulated Depreciation	-877M	-1.15B	-1.54B	-1.92B	-2.85B
Net Property Plant And Equipment	2.05B	2.39B	2.23B	2.27B	3.56B
Long-term Investments	134M	85.59M	136M	152M	220M
Loans Receivable Long-Term	3.98M	-	-	5.1M	5.76M
Deferred Tax Assets Long-Term	1.34M	24.55M	1.46M	-	16.93M
Deferred Charges Long-Term	-	5.45M	8.96M	6.71M	-
Other Long-Term Assets, Total	67.97M	97.08M	137M	208M	358M
Total Assets	2.68B	3.36B	3.56B	3.68B	4.87B
Liabilities
Accounts Payable, Total	83.37M	89.06M	112M	115M	167M
Current Portion of Long-Term Debt	23.05M	29.82M	21.12M	10.61M	11.32M
Current Portion of Leases	2.98M	4.3M	4.29M	4.9M	4.94M
Current Income Taxes Payable	53.4M	155M	92.28M	95.62M	121M
Unearned Revenue Current, Total	-	-	-	-	-
Other Current Liabilities	2.27M	8.21M	1.79M	7.68M	9.42M
Total Current Liabilities	165M	286M	231M	234M	313M
Long-Term Debt	229M	48.7M	25.16M	13.36M	152M
Long-Term Leases	6.75M	27.21M	24.57M	28.35M	23.9M
Unearned Revenue Non Current	-	-	-	-	-
Pension & Other Post Retirement Benefits	4.74M	5.87M	7.12M	8.12M	19.17M
Deferred Tax Liability Non Current	146M	221M	188M	183M	188M
Other Non Current Liabilities	80.21M	113M	124M	103M	268M
Total Liabilities	631M	702M	600M	569M	965M
Common Stock, Total	2.34B	2.41B	2.42B	2.49B	3.45B
Additional Paid In Capital	56.68M	48.47M	67.03M	78.23M	84.97M
Retained Earnings	-261M	254M	507M	588M	396M
Comprehensive Income and Other	-145M	-139M	-136M	-146M	-125M
Total Common Equity	1.99B	2.57B	2.86B	3.01B	3.81B
Minority Interest	61.41M	88.57M	101M	104M	99.6M
Total Equity	2.05B	2.66B	2.96B	3.11B	3.91B
Total Liabilities And Equity	2.68B	3.36B	3.56B	3.68B	4.87B
Supplemental Items
ECS Total Shares Outstanding on Filing Date	1.04B	1.05B	1.06B	1.08B	1.3B
ECS Total Common Shares Outstanding	1.03B	1.05B	1.06B	1.07B	1.3B
Book Value / Share	1.93	2.45	2.71	2.8	2.93
Tangible Book Value	1.99B	2.57B	2.86B	3.01B	3.81B
Tangible Book Value Per Share	1.93	2.45	2.71	2.8	2.93
Total Debt	262M	110M	75.13M	57.23M	192M
Net Debt	121M	-370M	-598M	-595M	-115M
Debt Equivalent Oper. Leases	-	112M	72M	160M	488M
Minority Interest, Total (Incl. Fin. Div)	61.41M	88.57M	101M	104M	99.6M
Equity Method Investments, Total	131M	76.24M	104M	120M	134M
Account Code - Inventory Valuation	6	6	6	6	6
Inventories - Raw Materials, Total	161M	191M	206M	268M	275M
Inventories - Work In Process, Total	10.3M	7.98M	13.26M	14.65M	18.22M
Inventories - Finished Goods, Total	46.48M	39.16M	52.87M	49.47M	53.06M
Full Time Employees	2.21K	-	-	-	-

Fiscal Period: December	2019	2020	2021	2022	2023
Net Income	293M	628M	420M	253M	10.1M
Depreciation & Amortization - CF	251M	301M	379M	384M	402M
Amortization of Goodwill and Intangible Assets - (CF)	2.46M	917K	1.44M	2.57M	-
Impairment of Oil, Gas & Mineral Properties - (CF)	-93.2M	11.35M	15K	12.37M	19.9M
Depreciation & Amortization, Total	161M	314M	380M	399M	422M
(Gain) Loss From Sale Of Asset	-40.13M	-	-22.46M	2.8M	-
(Gain) Loss on Sale of Investments - (CF)	-	-	-	-	-
Asset Writedown & Restructuring Costs	-	-174M	5.9M	-909K	334M
(Income) Loss On Equity Investments - (CF)	-	-22.17M	-17.54M	-10.18M	-19.87M
Stock-Based Compensation (CF)	17.14M	17.13M	22.57M	24.68M	18.17M
Net Cash From Discontinued Operations	42.54M	-	-	-	-
Other Operating Activities, Total	65.5M	108M	41.16M	43.82M	69.28M
Change In Accounts Receivable	-16.18M	3.98M	568K	-3.92M	147K
Change In Inventories	-18.44M	-24.82M	-24.04M	-50.27M	-24.33M
Change In Accounts Payable	5.3M	7.04M	12.08M	1.19M	-21.38M
Change In Income Taxes	-12.83M	101M	-44.4M	994K	49.66M
Change in Other Net Operating Assets	-4.87M	-6.9M	-50.13M	-64.07M	-124M
Cash from Operations	492M	951M	724M	596M	714M
Capital Expenditure	-256M	-333M	-278M	-382M	-825M
Sale of Property, Plant, and Equipment	-	-	31.68M	-	-
Cash Acquisitions	-	-	-	-23.05M	31.38M
Divestitures	51.53M	15.52M	-	45M	3.85M
Sale (Purchase) of Intangible assets	-	-	-	-	-
Investment in Marketable and Equity Securities, Total	-5.19M	-19.5M	-29.83M	-15.89M	-39.66M
Other Investing Activities, Total	-53.16M	-908K	-9.7M	-12.66M	-16.05M
Cash from Investing	-263M	-338M	-286M	-389M	-845M
Short Term Debt Issued, Total	-	-	5.31M	663K	-
Long-Term Debt Issued, Total	3.46M	291M	-	-	150M
Total Debt Issued	3.46M	291M	5.31M	663K	150M
Long-Term Debt Repaid, Total	-227M	-482M	-32.69M	-26.42M	-19.49M
Total Debt Repaid	-227M	-482M	-32.69M	-26.42M	-19.49M
Issuance of Common Stock	72.93M	46.15M	6.44M	14.28M	12.85M
Common Dividends Paid	-10.27M	-115M	-168M	-171M	-187M
Common & Preferred Stock Dividends Paid	-10.27M	-115M	-168M	-171M	-187M
Other Financing Activities, Total	-30.9M	-19.08M	-44.92M	-29.17M	-149M
Cash from Financing	-192M	-279M	-234M	-211M	-193M
Foreign Exchange Rate Adjustments	724K	5.26M	-10.29M	-16.78M	-21.66M
Net Change in Cash	37.84M	339M	193M	-21.05M	-345M
Supplemental Items
Cash Interest Paid	22.37M	12.45M	6.23M	4.46M	4.58M
Cash Income Tax Paid (Refund)	119M	217M	324M	239M	239M
Levered Free Cash Flow	62.2M	650M	424M	364M	-46.52M
Unlevered Free Cash Flow	78.79M	660M	431M	371M	-37.81M
Change In Net Working Capital	71.84M	-119M	136M	-2.21M	-58.51M
Net Debt Issued / Repaid	-224M	-191M	-27.37M	-25.76M	131M

Fiscal Period: December	2019	2020	2021	2022	2023
Profitability
Return on Assets	8.75	17.97	12.8	9.03	6.67
Return on Total Capital	10.3	21.37	15.26	10.54	7.85
Return On Equity %	16.67	28.54	16.39	9.44	1.18
Return on Common Equity	15.91	27.53	15.47	8.62	0.3
Margin Analysis
Gross Profit Margin %	60.73	70.42	65.11	57.03	61.13
SG&A Margin	5	2.91	3.02	3.3	3.49
EBITDA Margin %	45.41	65.95	61.58	52.92	45.12
EBITA Margin %	31.9	48.63	40.3	30.34	23.6
EBIT Margin %	31.69	48.58	40.22	30.19	23.6
Income From Continuing Operations Margin %	26.73	37.59	26.15	16.55	2.15
Net Income Margin %	25.39	35.11	23.84	14.6	0.52
Net Avail. For Common Margin %	24.78	35.11	23.84	14.6	0.52
Normalized Net Income Margin	16.54	27.68	22.89	17.26	12.87
Levered Free Cash Flow Margin	5.38	36.33	24.05	21	-2.4
Unlevered Free Cash Flow Margin	6.82	36.88	24.47	21.39	-1.95
Asset Turnover
Asset Turnover	0.44	0.59	0.51	0.48	0.45
Fixed Assets Turnover	0.57	0.81	0.76	0.77	0.66
Receivables Turnover (Average Receivables)	-	-	-	-	-
Inventory Turnover (Average Inventory)