Cash flow Eldorado Gold Corporation

Equities

ELD

CA2849025093

Gold

Market Closed - Toronto S.E. Other stock markets 04:00:00 2024-09-12 pm EDT			5-day change	1st Jan Change
24.16 ^CAD	+5.59%		+9.12%	+40.47%

Sep. 10	RBC Capital Markets Provides Estimate Changes for Intermediate/Junior Gold and Silver Cos	MT
Jul. 30	TRU Precious Metals Enters Definitive Option Agreement with Eldorado Gold	CI

221176b.hob7qGJMYCsmGmiyfQWuWip5RfH5AAQgySPqseMOhF8.sb-v5TQOAmRjai_kTWDEamU6MLW2Znxnm3nb94hG0Cq0_4zfCCEOHkpyUA

Published financial data: ELDORADO GOLD CORPORATION

Annual

Quarterly

Halfyear

YTD

LTM

Fiscal Period: December	2019	2020	2021	2022	2023
Revenues	618M	1.03B	941M	872M	1.01B
Total Revenues	618M	1.03B	941M	872M	1.01B
Cost of Goods Sold, Total	352M	458M	465M	494M	495M
Gross Profit	266M	569M	476M	378M	513M
Selling General & Admin Expenses, Total	42.29M	42.1M	46.92M	53.74M	54.21M
Exploration / Drilling Costs, Total	14.64M	12.69M	18.31M	19.64M	22.42M
Stock-Based Compensation (IS)	-	-	-	-	-
Depreciation & Amortization - (IS)	153M	247M	201M	240M	261M
Impairment of Oil, Gas & Mineral Properties - (IS)	-9.67M	-	-	-	-
Other Operating Expenses	2.53M	1.94M	1.41M	1.98M	4.29M
Other Operating Expenses, Total	203M	303M	268M	316M	342M
Operating Income	62.73M	266M	208M	62.49M	171M
Interest Expense, Total	-46.96M	-44.48M	-46.31M	-35.22M	-30.51M
Interest And Investment Income	2.8M	2.1M	2.2M	8.86M	23.95M
Net Interest Expenses	-44.16M	-42.38M	-44.11M	-26.36M	-6.55M
Income (Loss) On Equity Invest.	-	-	-	-	-
Currency Exchange Gains (Loss)	625K	2.99M	26.42M	9.71M	16M
Other Non Operating Income (Expenses)	4.58M	970K	81K	-4.44M	-7.19M
EBT, Excl. Unusual Items	23.78M	227M	191M	41.4M	174M
Merger & Related Restructuring Charges	-	-	-	-	-
Impairment of Goodwill	-	-	-	-	-
Gain (Loss) On Sale Of Investments	-	-	-	-	-
Gain (Loss) On Sale Of Assets	8.73M	-2.59M	4.98M	2.96M	-605K
Asset Writedown	80.95M	-38.66M	-23.03M	-32.5M	-9.72M
Other Unusual Items	-	-9.36M	-21.4M	-	-
EBT, Incl. Unusual Items	113M	176M	151M	11.86M	163M
Income Tax Expense	39.77M	79.13M	140M	61.22M	57.58M
Earnings From Continuing Operations	73.68M	97.36M	11.1M	-49.37M	106M
Earnings Of Discontinued Operations	-	-	-147M	-305M	-4.41M
Net Income to Company	73.68M	97.36M	-136M	-354M	101M
Minority Interest	6.9M	7.18M	-314K	192K	3.25M
Net Income - (IS)	80.59M	105M	-136M	-354M	105M
Net Income to Common Incl Extra Items	80.59M	105M	-136M	-354M	105M
Net Income to Common Excl. Extra Items	80.59M	105M	10.78M	-49.18M	109M
Per Share Items
Net EPS - Basic	0.51	0.61	-0.75	-1.93	0.54
Basic EPS - Continuing Operations	0.51	0.61	0.06	-0.27	0.56
Basic Weighted Average Shares Outstanding	159M	171M	180M	183M	194M
Net EPS - Diluted	0.5	0.6	-0.75	-1.93	0.54
Diluted EPS - Continuing Operations	0.5	0.6	0.06	-0.27	0.56
Diluted Weighted Average Shares Outstanding	162M	175M	182M	183M	195M
Normalized Basic EPS	0.14	0.87	0.66	0.14	0.57
Normalized Diluted EPS	0.13	0.85	0.65	0.14	0.57
Dividend Per Share	-	-	-	-	-
Payout Ratio	-	-	-	-	-
American Depositary Receipts Ratio (ADR)	1	1	1	1	1
Supplemental Items
EBITDA	205M	509M	404M	301M	436M
EBITA	65.26M	267M	210M	64.47M	176M
EBIT	62.73M	266M	208M	62.49M	171M
Effective Tax Rate - (Ratio)	35.05	44.84	92.65	516.4	35.24
Total Current Taxes	56.35M	88.58M	90.17M	69.7M	85.8M
Total Deferred Taxes	-16.58M	-9.44M	49.8M	-8.48M	-28.23M
Normalized Net Income	21.76M	149M	119M	26.06M	112M
Interest Capitalized	3.85M	-	-	-	17.09M
Interest on Long-Term Debt	47.61M	44.48M	46.31M	35.22M	47.59M
Non-Cash Pension Expense	364K	403K	2.32M	5.98M	4.23M
Supplemental Operating Expense Items
General and Administrative Expenses	39.58M	39.25M	44.6M	47.76M	49.98M
Exploration/Drilling Costs	14.64M	12.69M	18.31M	19.64M	22.42M
Maintenance & Repair Expenses, Total	17.33M	12.59M	15.43M	34.37M	16.11M
Stock-Based Comp., G&A Exp. (Total)	10.4M	10.69M	7.94M	10.74M	10.2M
Stock-Based Comp., Other (Total)	-	-	-	-	-
Total Stock-Based Compensation	10.4M	10.69M	7.94M	10.74M	10.2M

Fiscal Period: December	2019	2020	2021	2022	2023
Assets
Cash And Equivalents	178M	452M	481M	280M	540M
Short Term Investments	7.1M	59.23M	163K	35.14M	3.97M
Total Cash And Short Term Investments	185M	511M	481M	315M	544M
Accounts Receivable, Total	35.11M	35.65M	23.02M	33.75M	49.39M
Other Receivables	28.39M	18.01M	27.73M	33.29M	50.56M
Total Receivables	63.5M	53.66M	50.75M	67.04M	99.95M
Inventory	163M	176M	178M	199M	236M
Prepaid Expenses	11.79M	19.36M	17.83M	23.94M	20M
Restricted Cash	20K	-	-	-	-
Other Current Assets, Total	12.47M	5.75M	-	27.74M	30.13M
Total Current Assets	436M	766M	728M	632M	930M
Gross Property Plant And Equipment	6.85B	7.02B	7.16B	6.99B	7.42B
Accumulated Depreciation	-2.76B	-3.03B	-3.16B	-3.39B	-3.66B
Net Property Plant And Equipment	4.09B	4B	4B	3.6B	3.76B
Long-term Investments	-	-	59.85M	61.61M	106M
Goodwill	92.59M	92.59M	92.59M	92.59M	92.59M
Deferred Tax Assets Long-Term	-	-	-	14.51M	14.75M
Deferred Charges Long-Term	2.86M	2.19M	2.02M	1.49M	3.18M
Other Long-Term Assets, Total	29.4M	39.47M	44.83M	59M	85.19M
Total Assets	4.65B	4.9B	4.93B	4.46B	4.99B
Liabilities
Accounts Payable, Total	67.11M	65.06M	71.01M	74.91M	93.32M
Accrued Expenses, Total	58.79M	103M	105M	113M	128M
Short-term Borrowings	-	-	-	-	-
Current Portion of Long-Term Debt	66.67M	66.67M	-	-	-
Current Portion of Leases	9.91M	11.3M	7.23M	4.78M	5.02M
Current Income Taxes Payable	13.2M	11M	19.18M	4.12M	23.95M
Unearned Revenue Current, Total	-	-	-	-	8.94M
Other Current Liabilities	6.04M	4.7M	4.09M	14.46M	15.16M
Total Current Liabilities	222M	262M	207M	211M	274M
Long-Term Debt	413M	434M	490M	494M	636M
Long-Term Leases	15.14M	14.66M	14.9M	12.16M	12.09M
Pension & Other Post Retirement Benefits	18.22M	21.97M	8.94M	8.91M	10.26M
Deferred Tax Liability Non Current	413M	403M	439M	425M	399M
Other Non Current Liabilities	94.24M	107M	131M	106M	144M
Total Liabilities	1.18B	1.24B	1.29B	1.26B	1.48B
Common Stock, Total	3.05B	3.14B	3.23B	3.24B	3.41B
Additional Paid In Capital	2.63B	2.64B	2.62B	2.62B	2.62B
Retained Earnings	-2.23B	-2.13B	-2.24B	-2.59B	-2.49B
Treasury Stock	-8.66M	-11.45M	-10.29M	-20.45M	-19.26M
Comprehensive Income and Other	-28.97M	-30.3M	-20.9M	-42.28M	-4.75M
Total Common Equity	3.41B	3.62B	3.57B	3.2B	3.52B
Minority Interest	59.3M	40.87M	69.56M	-3.2M	-6.18M
Total Equity	3.47B	3.66B	3.64B	3.2B	3.51B
Total Liabilities And Equity	4.65B	4.9B	4.93B	4.46B	4.99B
Supplemental Items
ECS Total Shares Outstanding on Filing Date	165M	174M	182M	184M	202M
ECS Total Common Shares Outstanding	165M	174M	182M	184M	202M
Book Value / Share	20.75	20.74	19.57	17.43	17.38
Tangible Book Value	3.32B	3.52B	3.48B	3.11B	3.43B
Tangible Book Value Per Share	20.18	20.2	19.07	16.92	16.93
Total Debt	505M	527M	512M	511M	653M
Net Debt	320M	15.9M	-29.45M	135M	2.76M
Debt Equivalent of Unfunded Proj. Benefit Obligation	11.98M	16.22M	8.94M	-	-
Minority Interest, Total (Incl. Fin. Div)	59.3M	40.87M	69.56M	-3.2M	-6.18M
Account Code - Inventory Valuation	6	6	6	6	6
Inventories - Raw Materials, Total	81.95M	95.15M	115M	132M	133M
Inventories - Work In Process, Total	81.28M	81.12M	63.51M	67.26M	103M
Land - (BS)	234M	259M	254M	229M	242M
Machinery, Total	2.29B	2.41B	2.54B	2.6B	2.74B
Full Time Employees	2.96K	-	-	-	4.7K
Part Time Employees	12	-	-	-	-

Fiscal Period: December	2019	2020	2021	2022	2023
Net Income	80.59M	105M	-136M	-354M	105M
Depreciation & Amortization - CF	155M	249M	203M	242M	264M
Amortization of Goodwill and Intangible Assets - (CF)	2.53M	1.94M	1.41M	1.98M	4.72M
Impairment of Oil, Gas & Mineral Properties - (CF)	-9.67M	-	-	-	-
Depreciation & Amortization, Total	148M	251M	204M	244M	269M
Amortization of Deferred Charges, Total - (CF)	3.56M	2.29M	9.7M	-	-
(Gain) Loss From Sale Of Asset	-8.08M	2.59M	-4.98M	-2.96M	605K
(Gain) Loss on Sale of Investments - (CF)	-	-	-	-	-
Asset Writedown & Restructuring Costs	-80.95M	38.66M	23.03M	32.5M	9.72M
(Income) Loss On Equity Investments - (CF)	-	-	-	-	-
Stock-Based Compensation (CF)	10.4M	10.69M	7.94M	10.74M	10.2M
Net Cash From Discontinued Operations	-	-	-3.49M	-164K	414K
Other Operating Activities, Total	-3.14M	-18.66M	271M	309M	16.99M
Change In Accounts Receivable	6.03M	-5.41M	14.06M	-3.77M	-29.34M
Change In Inventories	-16.41M	-3.21M	-16.09M	-20.55M	-33.57M
Change In Accounts Payable	25.64M	43.39M	-6.9M	-3.99M	34.62M
Cash from Operations	166M	426M	362M	211M	383M
Capital Expenditure	-218M	-191M	-282M	-290M	-413M
Sale of Property, Plant, and Equipment	8M	11.69M	3.09M	4.29M	1.65M
Cash Acquisitions	-	-	-19.34M	-	-
Divestitures	-	-	19.66M	-	-
Sale (Purchase) of Intangible assets	-	-	7.3M	-	-
Investment in Marketable and Equity Securities, Total	264K	-50.52M	33.36M	-55.16M	33.23M
Other Investing Activities, Total	21.21M	-14.48M	-27.86M	-30.17M	-17.91M
Cash from Investing	-189M	-244M	-266M	-371M	-396M
Long-Term Debt Issued, Total	494M	150M	500M	-	181M
Total Debt Issued	494M	150M	500M	-	181M
Long-Term Debt Repaid, Total	-607M	-143M	-549M	-6.88M	-15.3M
Total Debt Repaid	-607M	-143M	-549M	-6.88M	-15.3M
Issuance of Common Stock	40.07M	95.99M	14.55M	14.1M	169M
Repurchase of Common Stock	-	-3.55M	-	-13.97M	-4.44M
Common Dividends Paid	-	-	-	-	-
Common & Preferred Stock Dividends Paid	-	-	-	-	-
Other Financing Activities, Total	-12.79M	-7.08M	-32.41M	-34.59M	-56.38M
Cash from Financing	-85.46M	92.84M	-67.13M	-41.34M	274M
Miscellaneous Cash Flow Adjustments	-67K	-	-	-356K	-770K
Net Change in Cash	-109M	274M	29.36M	-202M	261M
Supplemental Items
Cash Interest Paid	35.48M	44.37M	23.64M	34.86M	29.49M
Cash Income Tax Paid (Refund)	36.24M	87.87M	75.47M	90.87M	59.84M
Levered Free Cash Flow	-71.77M	246M	59.77M	-81.79M	-50.68M
Unlevered Free Cash Flow	-45.98M	271M	79.01M	-59.78M	-31.61M
Change In Net Working Capital	25.43M	-34.9M	-11.51M	64.1M	5.35M
Net Debt Issued / Repaid	-113M	7.48M	-49.26M	-6.88M	166M

Fiscal Period: December	2019	2020	2021	2022	2023
Profitability
Return on Assets	0.85	3.48	2.64	0.83	2.27
Return on Total Capital	0.99	4.07	3.11	0.99	2.72
Return On Equity %	2.16	2.73	0.3	-1.44	3.15
Return on Common Equity	2.41	2.97	0.3	-1.45	3.24
Margin Analysis
Gross Profit Margin %	43	55.41	50.56	43.35	50.91
SG&A Margin	6.85	4.1	4.99	6.16	5.38
EBITDA Margin %	33.19	49.59	42.98	34.56	43.27
EBITA Margin %	10.56	26.05	22.27	7.39	17.47
EBIT Margin %	10.15	25.86	22.12	7.17	17
Income From Continuing Operations Margin %	11.93	9.48	1.18	-5.66	10.49
Net Income Margin %	13.04	10.18	-14.46	-40.58	10.37
Net Avail. For Common Margin %	13.04	10.18	1.15	-5.64	10.81
Normalized Net Income Margin	3.52	14.52	12.62	2.99	11.09
Levered Free Cash Flow Margin	-11.62	23.95	6.35	-9.38	-5.03
Unlevered Free Cash Flow Margin	-7.44	26.43	8.4	-6.86	-3.13
Asset Turnover
Asset Turnover	0.13	0.22	0.19	0.19	0.21
Fixed Assets Turnover	0.15	0.25