Cash flow Lundin Mining Corporation

Equities

LUN

CA5503721063

Diversified Mining

Market Closed - Toronto S.E. Other stock markets 04:16:24 2025-01-14 pm EST			5-day change	1st Jan Change
12.22 ^CAD	+0.74%		-2.86%	-1.21%

Jan. 06	BHP, Lundin's Takeover of Filo Corp. to Conclude by Jan. 15	MT
Dec. 30	Swedish shares in North America - Ericsson down 0.8 percent	FW

90846d9d126b141971af53bee.eCMLWRUEp6ojcTtapWnd0UTGqSRqXJS9WM7aAU5kh2g.EE5OMVpLlJJIFFRi0Biykzzy7RFSObn1AKiocAMK7TcSVFMKbW31xxMjAw

Published financial data: LUNDIN MINING CORPORATION

Annual

Quarterly

Halfyear

YTD

LTM

Fiscal Period: December	2019	2020	2021	2022	2023
Revenues	1.89B	2.04B	3.33B	3.04B	3.39B
Total Revenues	1.89B	2.04B	3.33B	3.04B	3.39B
Cost of Goods Sold, Total	1.07B	1.1B	1.44B	1.72B	2.09B
Gross Profit	827M	946M	1.89B	1.32B	1.31B
Selling General & Admin Expenses, Total	50.8M	46.1M	52.97M	54.18M	72.87M
Exploration / Drilling Costs, Total	71.45M	42.28M	44.17M	144M	44.34M
Stock-Based Compensation (IS)	-	-	-	-	-
Depreciation & Amortization - (IS)	386M	447M	523M	555M	654M
Impairment of Oil, Gas & Mineral Properties - (IS)	-	-	-	-	-
Other Operating Expenses	9.72M	10.36M	9.11M	14.34M	23.17M
Other Operating Expenses, Total	518M	546M	629M	767M	794M
Operating Income	308M	399M	1.26B	550M	512M
Interest Expense, Total	-43.19M	-42.75M	-35.39M	-48.25M	-89.88M
Interest And Investment Income	12.16M	5.98M	613K	4.21M	11.14M
Net Interest Expenses	-31.02M	-36.77M	-34.78M	-44.04M	-78.74M
Income (Loss) On Equity Invest.	6.24M	3.3M	24.9M	3.3M	-
Currency Exchange Gains (Loss)	12.89M	12.96M	-8.92M	147M	119M
Other Non Operating Income (Expenses)	-21.82M	-25.8M	-16.15M	-77.01M	-22.57M
EBT, Excl. Unusual Items	275M	353M	1.23B	579M	529M
Merger & Related Restructuring Charges	-2.7M	-	-	-	-5.2M
Impairment of Goodwill	-	-	-	-	-
Gain (Loss) On Sale Of Investments	-1.5M	-707K	7.09M	5.48M	1.85M
Gain (Loss) On Sale Of Assets	-909K	-882K	-6.63M	13.7M	5.72M
Asset Writedown	-	-	-	-	-
Insurance Settlements	-	-	16M	-	-
Other Unusual Items	-	-10M	-	-	-
EBT, Incl. Unusual Items	270M	341M	1.24B	598M	532M
Income Tax Expense	80.42M	152M	366M	135M	217M
Earnings From Continuing Operations	189M	189M	879M	464M	315M
Earnings Of Discontinued Operations	-	-	-	-	-
Net Income to Company	189M	189M	879M	464M	315M
Minority Interest	-21.92M	-20.26M	-98.95M	-36.68M	-73.69M
Net Income - (IS)	167M	169M	780M	427M	242M
Net Income to Common Incl Extra Items	167M	169M	780M	427M	242M
Net Income to Common Excl. Extra Items	167M	169M	780M	427M	242M
Per Share Items
Net EPS - Basic	0.23	0.23	1.06	0.56	0.31
Basic EPS - Continuing Operations	0.23	0.23	1.06	0.56	0.31
Basic Weighted Average Shares Outstanding	735M	734M	737M	763M	773M
Net EPS - Diluted	0.23	0.23	1.06	0.56	0.31
Diluted EPS - Continuing Operations	0.23	0.23	1.06	0.56	0.31
Diluted Weighted Average Shares Outstanding	736M	735M	739M	764M	773M
Normalized Basic EPS	0.2	0.27	0.91	0.43	0.33
Normalized Diluted EPS	0.2	0.27	0.9	0.43	0.33
Dividend Per Share	0.09	0.13	0.24	0.27	0.27
Payout Ratio	39.72	52.13	22.42	49.43	85.5
American Depositary Receipts Ratio (ADR)	1	1	1	1	1
Supplemental Items
EBITDA	572M	691M	1.64B	975M	1.03B
EBITA	318M	410M	1.27B	564M	535M
EBIT	308M	399M	1.26B	550M	512M
EBITDAR	697M	831M	1.8B	1.15B	1.22B
Effective Tax Rate - (Ratio)	29.83	44.64	29.37	22.51	40.73
Total Current Taxes	62.86M	52.94M	274M	150M	154M
Total Deferred Taxes	17.56M	99.48M	92.05M	-15.35M	62.18M
Normalized Net Income	150M	200M	669M	325M	257M
Interest Capitalized	11.4M	10.9M	15.1M	4.4M	20.4M
Interest on Long-Term Debt	13.04M	12.38M	16.59M	5.83M	32.92M
Non-Cash Pension Expense	-	-	-	-	-
Supplemental Operating Expense Items
Marketing Expenses	3.7M	1.93M	771K	297K	6.15M
Selling and Marketing Expenses	3.7M	1.93M	771K	297K	6.15M
General and Administrative Expenses	47.1M	44.17M	52.2M	53.88M	66.72M
Exploration/Drilling Costs	71.24M	42.16M	43.99M	144M	44.1M
Net Rental Expense, Total	125M	139M	160M	177M	189M
Imputed Operating Lease Interest Expense	343M	234M	553M	653M	198M
Imputed Operating Lease Depreciation	-217M	-94.51M	-393M	-476M	-9.11M
Stock-Based Comp., COGS (Total)	3.52M	2.01M	2.31M	2.32M	1.64M
Stock-Based Compensation - Exploration Costs / Drilling Costs, Total	207K	128K	180K	345K	246K
Stock-Based Comp., G&A Exp. (Total)	9.63M	7.47M	12.35M	5.13M	5.41M
Stock-Based Comp., Other (Total)	1K	-	-	-	-
Total Stock-Based Compensation	13.35M	9.6M	14.84M	7.8M	7.3M

Fiscal Period: December	2019	2020	2021	2022	2023
Assets
Cash And Equivalents	251M	141M	594M	191M	269M
Total Cash And Short Term Investments	251M	141M	594M	191M	269M
Accounts Receivable, Total	230M	271M	508M	431M	644M
Other Receivables	137M	116M	155M	164M	171M
Notes Receivable	-	8.9M	-	-	-
Total Receivables	367M	396M	662M	595M	815M
Inventory	217M	254M	227M	297M	599M
Prepaid Expenses	21.73M	25.86M	25.97M	53.77M	48.9M
Other Current Assets, Total	14.33M	20.46M	16.82M	82.09M	59.54M
Total Current Assets	870M	838M	1.53B	1.22B	1.79B
Gross Property Plant And Equipment	8.06B	8.76B	9.08B	10.41B	12.78B
Accumulated Depreciation	-2.99B	-3.64B	-4.03B	-4.46B	-5.1B
Net Property Plant And Equipment	5.07B	5.13B	5.05B	5.95B	7.68B
Long-term Investments	33.29M	22.34M	15.08M	380K	-
Goodwill	242M	251M	243M	237M	241M
Other Intangibles, Total	-	-	-	20.98M	46.55M
Deferred Tax Assets Long-Term	105M	62.74M	12.05M	3.84M	170M
Other Long-Term Assets, Total	602M	759M	789M	737M	934M
Total Assets	6.92B	7.06B	7.64B	8.17B	10.86B
Liabilities
Accounts Payable, Total	188M	126M	200M	316M	394M
Accrued Expenses, Total	68.56M	80.57M	87.95M	104M	138M
Short-term Borrowings	35M	100M	-	127M	-
Current Portion of Long-Term Debt	32.07M	2.8M	2.61M	28.94M	165M
Current Portion of Leases	13.71M	14.14M	12M	13.81M	47.67M
Current Income Taxes Payable	66.82M	69.74M	226M	45M	62.93M
Unearned Revenue Current, Total	83.96M	80.83M	76.2M	74.06M	87.87M
Other Current Liabilities	117M	113M	183M	241M	314M
Total Current Liabilities	605M	587M	788M	950M	1.21B
Long-Term Debt	199M	63.93M	2.51M	13.83M	1.04B
Long-Term Leases	28.9M	22.18M	13.87M	13.35M	230M
Unearned Revenue Non Current	674M	659M	617M	580M	535M
Pension & Other Post Retirement Benefits	10.94M	11.22M	8.15M	5.61M	6.75M
Deferred Tax Liability Non Current	637M	701M	739M	710M	752M
Other Non Current Liabilities	465M	517M	476M	475M	666M
Total Liabilities	2.62B	2.56B	2.64B	2.75B	4.44B
Common Stock, Total	4.18B	4.2B	4.2B	4.56B	4.57B
Additional Paid In Capital	51.34M	52.1M	58.17M	55.77M	55.2M
Retained Earnings	-178M	-98.23M	437M	592M	628M
Comprehensive Income and Other	-285M	-177M	-250M	-342M	-297M
Total Common Equity	3.77B	3.98B	4.45B	4.86B	4.96B
Minority Interest	524M	519M	548M	564M	1.46B
Total Equity	4.3B	4.5B	4.99B	5.43B	6.42B
Total Liabilities And Equity	6.92B	7.06B	7.64B	8.17B	10.86B
Supplemental Items
ECS Total Shares Outstanding on Filing Date	735M	736M	736M	771M	774M
ECS Total Common Shares Outstanding	734M	736M	735M	771M	774M
Book Value / Share	5.14	5.4	6.05	6.31	6.41
Tangible Book Value	3.53B	3.73B	4.2B	4.6B	4.67B
Tangible Book Value Per Share	4.81	5.06	5.72	5.97	6.04
Total Debt	309M	203M	31M	197M	1.49B
Net Debt	53.66M	61.6M	-563M	5.94M	1.22B
Debt Equivalent of Unfunded Proj. Benefit Obligation	-	-	-	-	-
Debt Equivalent Oper. Leases	1B	1.12B	1.28B	1.42B	1.51B
Minority Interest, Total (Incl. Fin. Div)	524M	519M	548M	564M	1.46B
Equity Method Investments, Total	28.96M	22.34M	15.08M	380K	-
Account Code - Inventory Valuation	6	6	6	6	6
Inventories - Raw Materials, Total	172M	193M	171M	255M	522M
Inventories - Finished Goods, Total	44.02M	60.76M	56.53M	42.21M	77.84M
Machinery, Total	2.98B	3.28B	3.46B	3.75B	5.31B
Full Time Employees	4.17K	-	4.57K	4.98K	6.02K

Fiscal Period: December	2019	2020	2021	2022	2023
Net Income	167M	169M	780M	427M	242M
Depreciation & Amortization - CF	266M	297M	392M	432M	545M
Amortization of Goodwill and Intangible Assets - (CF)	9.72M	10.36M	9.11M	14.34M	23.17M
Impairment of Oil, Gas & Mineral Properties - (CF)	-	-	-	-	-
Depreciation & Amortization, Total	276M	308M	401M	446M	568M
Amortization of Deferred Charges, Total - (CF)	120M	150M	131M	123M	109M
(Gain) Loss From Sale Of Asset	-	-	6.63M	-	-
(Gain) Loss on Sale of Investments - (CF)	1.5M	-	-	-	-1.85M
Asset Writedown & Restructuring Costs	-	-	-	-	-
(Income) Loss On Equity Investments - (CF)	-6.24M	-3.3M	-24.9M	-3.3M	-
Stock-Based Compensation (CF)	13.35M	9.6M	14.84M	7.8M	7.3M
Net Cash From Discontinued Operations	-	-	-	-	-
Other Operating Activities, Total	6.71M	97.9M	247M	-17.76M	172M
Change In Accounts Receivable	39.32M	-78.92M	-270M	-52.52M	4.03M
Change In Accounts Payable	-25.51M	204K	268M	-63.54M	-11.64M
Change in Other Net Operating Assets	-27.67M	-86.24M	-68.59M	10.26M	-71.92M
Cash from Operations	565M	566M	1.48B	877M	1.02B
Capital Expenditure	-665M	-431M	-532M	-843M	-1.01B
Sale of Property, Plant, and Equipment	-	-	-	-	-
Cash Acquisitions	-757M	-	-	-126M	-649M
Divestitures	-	-	-	16.83M	5.72M
Investment in Marketable and Equity Securities, Total	111M	9.92M	32.15M	18M	-
Net (Increase) Decrease in Loans Originated / Sold - Investing	-	-	-	-54.1M	-
Other Investing Activities, Total	13.16M	339K	-20.07M	-24.81M	-18.57M
Cash from Investing	-1.3B	-421M	-520M	-1.01B	-1.67B
Long-Term Debt Issued, Total	456M	387M	33.17M	283M	2.49B
Total Debt Issued	456M	387M	33.17M	283M	2.49B
Long-Term Debt Repaid, Total	-200M	-504M	-214M	-181M	-1.5B
Total Debt Repaid	-200M	-504M	-214M	-181M	-1.5B
Issuance of Common Stock	14.12M	17.41M	15.28M	26.18M	11.38M
Repurchase of Common Stock	-21.74M	-11.09M	-40.71M	-59.41M	-
Common Dividends Paid	-66.44M	-88M	-175M	-211M	-207M
Common & Preferred Stock Dividends Paid	-66.44M	-88M	-175M	-211M	-207M
Special Dividend Paid	-	-	-52.48M	-64.47M	-
Other Financing Activities, Total	-15.05M	-37.31M	-63.3M	-44.91M	-67.72M
Cash from Financing	167M	-237M	-497M	-252M	729M
Foreign Exchange Rate Adjustments	1.27M	-17.1M	-15.68M	-14.58M	6.74M
Net Change in Cash	-565M	-109M	453M	-403M	77.41M
Supplemental Items
Cash Interest Paid	12.63M	11.31M	7.3M	9.76M	61.31M
Cash Income Tax Paid (Refund)	33.08M	35.61M	130M	304M	106M
Levered Free Cash Flow	-47.78M	128M	849M	-40.21M	-343M
Unlevered Free Cash Flow	-20.78M	154M	871M	-10.05M	-287M
Change In Net Working Capital	-42.55M	131M	-66.45M	87.79M	278M
Net Debt Issued / Repaid	256M	-118M	-181M	102M	991M

Fiscal Period: December	2019	2020	2021	2022	2023
Profitability
Return on Assets	3	3.57	10.75	4.35	3.36
Return on Total Capital	4.38	5.36	16.24	6.46	4.73
Return On Equity %	4.46	4.3	18.53	8.9	5.32
Return on Common Equity	4.48	4.36	18.53	9.17	4.92
Margin Analysis
Gross Profit Margin %	43.67	46.32	56.85	43.32	38.5
SG&A Margin	2.68	2.26	1.59	1.78	2.15
EBITDA Margin %	30.2	33.86	49.39	32.05	30.32
EBITA Margin %	16.81	20.07	38.23	18.56	15.78
EBIT Margin %	16.29	19.56	37.96	18.08	15.09
Income From Continuing Operations Margin %	10	9.26	26.42	15.24	9.29
Net Income Margin %	8.84	8.27	23.44	14.04	7.12
Net Avail. For Common Margin %	8.84	8.27	23.44	14.04	7.12
Normalized Net Income Margin	7.91	9.82	20.09	10.69	7.58
Levered Free Cash Flow Margin	-2.52	6.25	25.49	-1.32	-10.11
Unlevered Free Cash Flow Margin	-1.1	7.56	26.16	-0.33	-8.45
Asset Turnover
Asset Turnover	0.29	0.29	0.45	0.38	0.36
Fixed Assets Turnover	0.43	0.4	0.65	0.55	0.5
Receivables Turnover (Average Receivables)	7.87	8.15	8.55	6.48	6.31
Inventory Turnover (Average Inventory)	5.65	4.66	5.97	6.58	4.66
Short Term Liquidity
Current Ratio	1.44	1.43	1.94	1.28	1.48
Quick Ratio	1.02	0.9	1.6	0.83	0.9
Operating Cash Flow to Current Liabilities	0.93	0.96	1.89	0.92	0.84
Days Sales Outstanding (Average Receivables)	46.35	44.9	42.7	56.31	57.81
Days Outstanding Inventory (Average Inventory)	64.62	78.57	61.17	55.48	78.4
Average Days Payable Outstanding