Balance Sheet First Quantum Minerals Ltd.

Equities

FM

CA3359341052

Specialty Mining & Metals

Market Closed - Toronto S.E. Other stock markets 04:00:00 2024-09-13 pm EDT			5-day change	1st Jan Change
16.86 ^CAD	+1.57%		+19.32%	+55.39%

Sep. 13	Metals-rich Kazakhstan seeks niche in battery supply chain	RE
Sep. 12	First Quantum expects feasibility studies for Peru mine by 2028, manager says	RE

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Published financial data: FIRST QUANTUM MINERALS LTD.

Annual

Quarterly

Halfyear

YTD

LTM

Fiscal Period: December	2019	2020	2021	2022	2023
Revenues	4.07B	5.2B	7.21B	7.63B	6.46B
Total Revenues	4.07B	5.2B	7.21B	7.63B	6.46B
Cost of Goods Sold, Total	3.28B	4.12B	4.65B	5.43B	5.16B
Gross Profit	790M	1.08B	2.56B	2.2B	1.29B
Selling General & Admin Expenses, Total	82M	99M	118M	136M	142M
Exploration / Drilling Costs, Total	19M	15M	20M	26M	30M
Impairment of Oil, Gas & Mineral Properties - (IS)	97M	-	-	-	-
Other Operating Expenses	21M	9M	27M	40M	25M
Other Operating Expenses, Total	219M	123M	165M	202M	197M
Operating Income	571M	954M	2.4B	2B	1.1B
Interest Expense, Total	-271M	-729M	-714M	-584M	-641M
Interest And Investment Income	37M	66M	65M	80M	106M
Net Interest Expenses	-234M	-663M	-649M	-504M	-535M
Income (Loss) On Equity Invest.	-11M	-45M	75M	44M	-18M
Currency Exchange Gains (Loss)	-96M	-225M	159M	184M	-67M
Other Non Operating Income (Expenses)	-182M	16M	-16M	-253M	-12M
EBT, Excl. Unusual Items	48M	37M	1.97B	1.47B	463M
Restructuring Charges	-	-	-	-	-49M
Gain (Loss) On Sale Of Investments	-	-	-	-	-
Gain (Loss) On Sale Of Assets	-	-	-	-	-
Asset Writedown	-4M	-	-44M	-	-900M
Insurance Settlements	-	-	-	-	-
Other Unusual Items	-25M	-5M	-21M	-	-
EBT, Incl. Unusual Items	19M	32M	1.9B	1.47B	-486M
Income Tax Expense	70M	256M	812M	320M	757M
Earnings From Continuing Operations	-51M	-224M	1.09B	1.15B	-1.24B
Earnings Of Discontinued Operations	-	-	-	-	-
Net Income to Company	-51M	-224M	1.09B	1.15B	-1.24B
Minority Interest	-6M	44M	-257M	-115M	289M
Net Income - (IS)	-57M	-180M	832M	1.03B	-954M
Net Income to Common Incl Extra Items	-57M	-180M	832M	1.03B	-954M
Net Income to Common Excl. Extra Items	-57M	-180M	832M	1.03B	-954M
Per Share Items
Net EPS - Basic	-0.08	-0.26	1.21	1.5	-1.38
Basic EPS - Continuing Operations	-0.08	-0.26	1.21	1.5	-1.38
Basic Weighted Average Shares Outstanding	688M	688M	689M	691M	691M
Net EPS - Diluted	-0.08	-0.26	1.2	1.49	-1.38
Diluted EPS - Continuing Operations	-0.08	-0.26	1.2	1.49	-1.38
Diluted Weighted Average Shares Outstanding	688M	688M	692M	693M	691M
Normalized Basic EPS	0.03	0.1	1.41	1.16	0.84
Normalized Diluted EPS	0.03	0.1	1.4	1.16	0.84
Dividend Per Share	0.01	0.01	0.01	0.21	0.06
Payout Ratio	-8.77	-2.78	0.6	7.25	-9.75
American Depositary Receipts Ratio (ADR)	0.04	0.04	0.04	0.04	0.04
Supplemental Items
EBITDA	1.61B	2.16B	3.55B	3.24B	2.26B
EBITA	585M	965M	2.41B	2.01B	1.11B
EBIT	571M	954M	2.4B	2B	1.1B
EBITDAR	1.62B	2.17B	-	-	-
Effective Tax Rate - (Ratio)	368.42	800	42.71	21.78	-155.76
Total Current Taxes	270M	334M	634M	243M	605M
Total Deferred Taxes	-200M	-78M	178M	77M	152M
Normalized Net Income	24M	67.12M	972M	803M	578M
Interest Capitalized	549M	-	4M	24M	26M
Supplemental Operating Expense Items
General and Administrative Expenses	82M	99M	118M	136M	142M
Exploration/Drilling Costs	19M	15M	20M	26M	30M
Net Rental Expense, Total	11M	10M	-	-	-
Imputed Operating Lease Interest Expense	7.68M	5.89M	-	-	-
Imputed Operating Lease Depreciation	3.32M	4.11M	-	-	-
Maintenance & Repair Expenses, Total	278M	275M	323M	380M	379M
Stock-Based Comp., G&A Exp. (Total)	13M	27M	31M	43M	50M
Stock-Based Comp., Other (Total)	4M	4M	2M	4M	-
Total Stock-Based Compensation	17M	31M	33M	47M	50M

Fiscal Period: December	2019	2020	2021	2022	2023
Assets
Cash And Equivalents	1.14B	950M	1.86B	1.69B	1.16B
Total Cash And Short Term Investments	1.14B	950M	1.86B	1.69B	1.16B
Accounts Receivable, Total	369M	583M	466M	491M	272M
Other Receivables	143M	154M	156M	399M	314M
Notes Receivable	-	-	-	-	-
Total Receivables	512M	737M	622M	890M	586M
Inventory	1.37B	1.33B	1.31B	1.46B	1.59B
Prepaid Expenses	-	-	-	-	-
Other Current Assets, Total	135M	88M	138M	133M	123M
Total Current Assets	3.15B	3.11B	3.93B	4.17B	3.46B
Gross Property Plant And Equipment	26.42B	27.05B	27.94B	28.82B	29.19B
Accumulated Depreciation	-6.45B	-7.58B	-8.66B	-9.77B	-10.6B
Net Property Plant And Equipment	19.97B	19.47B	19.28B	19.05B	18.58B
Long-term Investments	589M	544M	619M	663M	645M
Goodwill	237M	237M	237M	237M	237M
Deferred Tax Assets Long-Term	-	152M	182M	163M	50M
Other Long-Term Assets, Total	797M	727M	1.02B	795M	784M
Total Assets	24.75B	24.24B	25.27B	25.08B	23.76B
Liabilities
Accounts Payable, Total	637M	662M	719M	771M	830M
Accrued Expenses, Total	-	-	-	-	-
Short-term Borrowings	877M	347M	31M	120M	342M
Current Portion of Long-Term Debt	576M	560M	282M	455M	625M
Current Portion of Leases	-	9M	10M	13M	7M
Current Income Taxes Payable	141M	164M	363M	53M	27M
Unearned Revenue Current, Total	95M	91M	103M	118M	-
Other Current Liabilities	197M	602M	170M	208M	176M
Total Current Liabilities	2.52B	2.44B	1.68B	1.74B	2.01B
Long-Term Debt	8.6B	8.78B	8.91B	8.06B	7.97B
Long-Term Leases	36M	21M	16M	16M	13M
Unearned Revenue Non Current	1.42B	1.43B	1.39B	1.34B	1.42B
Deferred Tax Liability Non Current	609M	595M	804M	857M	874M
Other Non Current Liabilities	898M	938M	983M	834M	698M
Total Liabilities	14.08B	14.2B	13.78B	12.84B	12.98B
Common Stock, Total	5.64B	5.64B	5.64B	5.65B	5.67B
Additional Paid In Capital	-	-	-	-	-
Retained Earnings	3.88B	3.7B	4.52B	5.47B	4.9B
Treasury Stock	-114M	-114M	-190M	-130M	-56M
Comprehensive Income and Other	42M	-354M	44M	-90M	-260M
Total Common Equity	9.45B	8.87B	10.02B	10.9B	10.25B
Minority Interest	1.21B	1.17B	1.48B	1.34B	531M
Total Equity	10.66B	10.04B	11.49B	12.24B	10.78B
Total Liabilities And Equity	24.75B	24.24B	25.27B	25.08B	23.76B
Supplemental Items
ECS Total Shares Outstanding on Filing Date	687M	688M	686M	686M	687M
ECS Total Common Shares Outstanding	687M	688M	686M	686M	687M
Book Value / Share	13.75	12.89	14.6	15.88	14.92
Tangible Book Value	9.21B	8.63B	9.78B	10.66B	10.01B
Tangible Book Value Per Share	13.41	12.54	14.26	15.54	14.58
Total Debt	10.09B	9.72B	9.25B	8.66B	8.96B
Net Debt	8.95B	8.77B	7.39B	6.98B	7.8B
Debt Equivalent Oper. Leases	88M	80M	-	-	-
Minority Interest, Total (Incl. Fin. Div)	1.21B	1.17B	1.48B	1.34B	531M
Equity Method Investments, Total	589M	544M	619M	663M	645M
Account Code - Inventory Valuation	6	6	6	6	6
Inventories - Raw Materials, Total	1.06B	991M	1.01B	1.12B	1.15B
Inventories - Work In Process, Total	27M	29M	44M	48M	37M
Inventories - Finished Goods, Total	284M	313M	260M	289M	410M
Machinery, Total	15.37B	15.63B	15.98B	16.46B	16.42B
Full Time Employees	20K	-	-	-	-
Assets under Capital Lease - Gross	-	-	-	-	-
Assets under Capital Lease - Accumulated Depreciation	-	-	-	-	-

Fiscal Period: December	2019	2020	2021	2022	2023
Net Income	-57M	-180M	832M	1.03B	-954M
Depreciation & Amortization - CF	932M	1.2B	1.14B	1.23B	1.14B
Amortization of Goodwill and Intangible Assets - (CF)	14M	11M	11M	15M	17M
Impairment of Oil, Gas & Mineral Properties - (CF)	97M	-	-	-	-
Depreciation & Amortization, Total	1.04B	1.21B	1.15B	1.24B	1.16B
(Gain) Loss on Sale of Investments - (CF)	-	-	-	-	-
Asset Writedown & Restructuring Costs	4M	-	44M	-	900M
(Income) Loss On Equity Investments - (CF)	-	45M	-75M	-44M	18M
Stock-Based Compensation (CF)	-	31M	33M	47M	-101M
Net Cash From Discontinued Operations	-	-	-	-	-
Other Operating Activities, Total	354M	710M	917M	267M	296M
Change In Accounts Receivable	-	-227M	-	-111M	277M
Change In Inventories	-	-2M	-	-144M	-147M
Change In Accounts Payable	-	43M	-	39M	-22M
Change in Other Net Operating Assets	-455M	-17M	-18M	-	-
Cash from Operations	889M	1.61B	2.88B	2.33B	1.43B
Capital Expenditure	-1.84B	-610M	-999M	-1.19B	-1.33B
Sale of Property, Plant, and Equipment	-	-	-	-	-
Cash Acquisitions	-	-	-	-	-105M
Divestitures	-	-	-	-	-
Investment in Marketable and Equity Securities, Total	-100M	-100M	-100M	-	-
Other Investing Activities, Total	23M	37M	1M	21M	51M
Cash from Investing	-1.92B	-673M	-1.1B	-1.17B	-1.38B
Short Term Debt Issued, Total	157M	49M	-	89M	24M
Long-Term Debt Issued, Total	3.2B	4.04B	3.2B	2.53B	2.76B
Total Debt Issued	3.36B	4.09B	3.2B	2.62B	2.78B
Short Term Debt Repaid, Total	-	-	-280M	-	-
Long-Term Debt Repaid, Total	-2.42B	-3.98B	-3.44B	-3.21B	-2.91B
Total Debt Repaid	-2.42B	-3.98B	-3.72B	-3.21B	-2.91B
Issuance of Common Stock	-	-	-	-	-
Common Dividends Paid	-5M	-5M	-5M	-75M	-93M
Common & Preferred Stock Dividends Paid	-5M	-5M	-5M	-75M	-93M
Other Financing Activities, Total	-169M	-655M	-318M	-668M	-557M
Cash from Financing	766M	-543M	-841M	-1.33B	-776M
Foreign Exchange Rate Adjustments	-	-6M	-1M	-2M	-
Net Change in Cash	-265M	391M	945M	-171M	-729M
Supplemental Items
Cash Interest Paid	181M	628M	521M	448M	527M
Cash Income Tax Paid (Refund)	251M	313M	455M	548M	625M
Levered Free Cash Flow	-534M	1.09B	1.16B	372M	229M
Unlevered Free Cash Flow	-364M	1.55B	1.6B	737M	629M
Change In Net Working Capital	-62M	-319M	80M	612M	-61M
Net Debt Issued / Repaid	940M	117M	-518M	-588M	-126M

Fiscal Period: December	2019	2020	2021	2022	2023
Profitability
Return on Assets	1.48	2.43	6.05	4.96	2.8
Return on Total Capital	1.78	2.94	7.4	6	3.37
Return On Equity %	-0.48	-2.16	10.12	9.68	-10.8
Return on Common Equity	-0.6	-1.97	8.81	9.89	-9.02
Margin Analysis
Gross Profit Margin %	19.42	20.72	35.52	28.85	20.01
SG&A Margin	2.02	1.9	1.64	1.78	2.2
EBITDA Margin %	39.69	41.62	49.21	42.51	34.93
EBITA Margin %	14.38	18.56	33.39	26.4	17.22
EBIT Margin %	14.04	18.35	33.24	26.2	16.96
Income From Continuing Operations Margin %	-1.25	-4.31	15.1	15.07	-19.25
Net Income Margin %	-1.4	-3.46	11.54	13.56	-14.78
Net Avail. For Common Margin %	-1.4	-3.46	11.54	13.56	-14.78
Normalized Net Income Margin	0.59	1.29	13.47	10.53	8.96
Levered Free Cash Flow Margin	-13.12	20.98	16.05	4.87	3.54
Unlevered Free Cash Flow Margin	-8.95	29.74	22.24	9.66	9.75
Asset Turnover
Asset Turnover	0.17	0.21	0.29	0.3	0.26
Fixed Assets Turnover	0.21	0.26	0.37	0.4	0.34
Receivables Turnover (Average Receivables)	13.33	10.92	13.75	15.94	16.92
Inventory Turnover (Average Inventory)