Cash flow Rio Tinto plc

Equities

RIO

GB0007188757

Diversified Mining

Real-time Estimate Cboe Europe Other stock markets 08:37:50 2024-12-02 am EST			5-day change	1st Jan Change
4,991.50 ^GBX	+1.11%		-0.47%	-14.54%

01:12pm	FTSE 100 up, record for DAX but CAC struggles	AN
11:40am	Rio Tinto: sale of Lake MacLeod to Leichhardt finalized	CF

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Published financial data: RIO TINTO PLC

Annual

Quarterly

Halfyear

YTD

LTM

Fiscal Period: December	2019	2020	2021	2022	2023
Revenues	43.16B	44.61B	63.5B	55.55B	54.04B
Total Revenues	43.16B	44.61B	63.5B	55.55B	54.04B
Cost of Goods Sold, Total	26.96B	25.91B	32.15B	34.26B	36.74B
Gross Profit	16.2B	18.7B	31.34B	21.3B	17.3B
Selling General & Admin Expenses, Total	343M	345M	538M	515M	309M
Exploration / Drilling Costs, Total	624M	625M	726M	896M	1.23B
Impairment of Oil, Gas & Mineral Properties - (IS)	1.34B	327M	2M	-	-139M
Other Operating Expenses	452M	500M	649M	1.94B	1.03B
Other Operating Expenses, Total	2.76B	1.8B	1.92B	3.35B	2.43B
Operating Income	13.44B	16.9B	29.43B	17.94B	14.87B
Interest Expense, Total	-550M	-271M	-178M	-346M	-980M
Interest And Investment Income	4M	4M	2M	3M	4M
Net Interest Expenses	-546M	-267M	-176M	-343M	-976M
Income (Loss) On Equity Invest.	301M	652M	1.04B	777M	675M
Currency Exchange Gains (Loss)	58M	-1.12B	802M	253M	-251M
Other Non Operating Income (Expenses)	292M	140M	66M	187M	545M
EBT, Excl. Unusual Items	13.55B	16.31B	31.16B	18.82B	14.86B
Impairment of Goodwill	-	-	-	-	-
Gain (Loss) On Sale Of Investments	-	-339M	-	-202M	-
Gain (Loss) On Sale Of Assets	-281M	1M	7M	-105M	-
Asset Writedown	-2.15B	-577M	-267M	150M	-1.08B
Other Unusual Items	-	-	-69M	-	-
EBT, Incl. Unusual Items	11.12B	15.39B	30.83B	18.66B	13.78B
Income Tax Expense	4.15B	4.99B	8.26B	5.59B	3.83B
Earnings From Continuing Operations	6.97B	10.4B	22.58B	13.08B	9.95B
Net Income to Company	6.97B	10.4B	22.58B	13.08B	9.95B
Minority Interest	1.04B	-631M	-1.48B	-656M	105M
Net Income - (IS)	8.01B	9.77B	21.09B	12.42B	10.06B
Net Income to Common Incl Extra Items	8.01B	9.77B	21.09B	12.42B	10.06B
Net Income to Common Excl. Extra Items	8.01B	9.77B	21.09B	12.42B	10.06B
Per Share Items
Net EPS - Basic	4.91	6.04	13.03	7.67	6.2
Basic EPS - Continuing Operations	4.91	6.04	13.03	7.67	6.2
Basic Weighted Average Shares Outstanding	1.63B	1.62B	1.62B	1.62B	1.62B
Net EPS - Diluted	4.88	6	12.95	7.62	6.16
Diluted EPS - Continuing Operations	4.88	6	12.95	7.62	6.16
Diluted Weighted Average Shares Outstanding	1.64B	1.63B	1.63B	1.63B	1.63B
Normalized Basic EPS	5.83	5.91	11.12	6.86	5.79
Normalized Diluted EPS	5.79	5.87	11.05	6.82	5.76
Dividend Per Share	3.98	4.66	7.82	4.9	4.35
Payout Ratio	67.38	62.77	51.89	86.5	64.33
American Depositary Receipts Ratio (ADR)	1	1	1	1	1
Supplemental Items
EBITDA	18.76B	21.04B	33.59B	22.35B	19.45B
EBITA	13.58B	17.07B	29.61B	18.1B	14.99B
EBIT	13.44B	16.9B	29.43B	17.94B	14.87B
EBITDAR	19.1B	21.39B	34.13B	22.87B	19.76B
Effective Tax Rate - (Ratio)	37.3	32.43	26.78	29.93	27.8
Total Current Taxes	4.44B	5.17B	8.14B	4.85B	5.09B
Total Deferred Taxes	-289M	-178M	114M	735M	-1.26B
Normalized Net Income	9.51B	9.56B	18B	11.11B	9.39B
Interest Capitalized	321M	340M	358M	416M	279M
Interest on Long-Term Debt	55M	50M	47M	49M	50M
Non-Cash Pension Expense	-15M	41M	46M	25M	-81M
Supplemental Operating Expense Items
Research And Development Expense From Footnotes	45M	45M	65M	76M	245M
Exploration/Drilling Costs	624M	625M	726M	896M	1.23B
Net Rental Expense, Total	343M	345M	538M	515M	309M
Imputed Operating Lease Interest Expense	178M	121M	169M	243M	234M
Imputed Operating Lease Depreciation	165M	224M	369M	272M	75.2M
Stock-Based Comp., COGS (Total)	123M	138M	126M	122M	144M
Stock-Based Comp., Other (Total)	3M	5M	-	-	-
Total Stock-Based Compensation	126M	143M	126M	122M	144M

Fiscal Period: December	2019	2020	2021	2022	2023
Assets
Cash And Equivalents	8.03B	10.38B	12.81B	6.78B	9.67B
Short Term Investments	28M	139M	80M	2.13B	1.08B
Trading Asset Securities, Total	2.58B	2.54B	2.4B	-	-
Total Cash And Short Term Investments	10.64B	13.06B	15.29B	8.91B	10.75B
Accounts Receivable, Total	2.15B	2.58B	2.32B	2.18B	2.46B
Other Receivables	778M	816M	795M	1.19B	1.01B
Notes Receivable	-	40M	-	-	-
Total Receivables	2.92B	3.44B	3.12B	3.37B	3.47B
Inventory	3.46B	3.92B	5.44B	6.21B	6.66B
Prepaid Expenses	219M	305M	529M	455M	589M
Other Current Assets, Total	58M	134M	62M	28M	40M
Total Current Assets	17.3B	20.86B	24.43B	18.97B	21.51B
Gross Property Plant And Equipment	114B	123B	126B	127B	134B
Accumulated Depreciation	-56.25B	-59.73B	-61.43B	-62.02B	-67.9B
Net Property Plant And Equipment	57.37B	62.88B	64.93B	64.73B	66.47B
Long-term Investments	4.26B	4.06B	3.82B	3.66B	4.79B
Goodwill	922M	946M	879M	826M	797M
Other Intangibles, Total	2.64B	2.76B	2.83B	3.64B	4.39B
Accounts Receivable Long-Term	53M	30M	2M	-	-
Loans Receivable Long-Term	39M	1M	-	-	-
Deferred Tax Assets Long-Term	3.1B	3.38B	3.38B	2.77B	3.62B
Other Long-Term Assets, Total	2.12B	2.48B	2.63B	2.14B	1.97B
Total Assets	87.8B	97.39B	103B	96.74B	104B
Liabilities
Accounts Payable, Total	2.96B	3.18B	3.45B	3.37B	3.28B
Accrued Expenses, Total	2.88B	3.32B	3.24B	3.49B	3.92B
Short-term Borrowings	-	-	2M	1M	1M
Current Portion of Long-Term Debt	720M	351M	810M	922M	823M
Current Portion of Leases	302M	233M	324M	292M	345M
Current Income Taxes Payable	1.87B	1.85B	1.41B	223M	542M
Unearned Revenue Current, Total	205M	350M	404M	333M	280M
Other Current Liabilities	2.18B	2.33B	2.99B	2.98B	3.55B
Total Current Liabilities	11.12B	11.61B	12.63B	11.6B	12.74B
Long-Term Debt	12.09B	12.3B	11.36B	10.15B	12.18B
Long-Term Leases	1.01B	945M	1.04B	908M	1.01B
Unearned Revenue Non Current	214M	204M	205M	114M	103M
Pension & Other Post Retirement Benefits	2.64B	2.98B	2.03B	1.23B	1.12B
Deferred Tax Liability Non Current	3.22B	3.24B	3.5B	3.6B	2.58B
Other Non Current Liabilities	12.27B	14.2B	15.54B	16.86B	17.47B
Total Liabilities	42.56B	45.49B	46.31B	44.47B	47.21B
Common Stock, Total	3.66B	3.99B	3.78B	3.54B	3.58B
Additional Paid In Capital	4.31B	4.31B	4.32B	4.32B	4.32B
Retained Earnings	23.39B	26.79B	33.34B	34.51B	38.35B
Comprehensive Income and Other	9.18B	11.96B	10B	7.8B	8.33B
Total Common Equity	40.53B	47.05B	51.43B	50.18B	54.59B
Minority Interest	4.71B	4.85B	5.16B	2.1B	1.76B
Total Equity	45.24B	51.9B	56.59B	52.27B	56.34B
Total Liabilities And Equity	87.8B	97.39B	103B	96.74B	104B
Supplemental Items
ECS Total Shares Outstanding on Filing Date	1.62B	1.62B	1.62B	1.62B	1.62B
ECS Total Common Shares Outstanding	1.62B	1.62B	1.62B	1.62B	1.62B
Book Value / Share	25.03	29.1	31.79	30.98	33.67
Tangible Book Value	36.97B	43.35B	47.72B	45.7B	49.4B
Tangible Book Value Per Share	22.83	26.81	29.49	28.22	30.47
Total Debt	14.12B	13.83B	13.53B	12.27B	14.35B
Net Debt	3.48B	773M	-1.76B	3.36B	3.6B
Debt Equivalent of Unfunded Proj. Benefit Obligation	831M	1.3B	194M	-153M	29M
Debt Equivalent Oper. Leases	2.74B	2.76B	4.3B	4.12B	2.47B
Minority Interest, Total (Incl. Fin. Div)	4.71B	4.85B	5.16B	2.1B	1.76B
Equity Method Investments, Total	3.97B	3.76B	3.5B	3.3B	4.41B
Account Code - Inventory Valuation	6	6	6	6	6
Land - (BS)	11.52B	12.18B	12.03B	12.8B	14.74B
Machinery, Total	66.7B	71.6B	73.42B	74.56B	80.99B
Full Time Employees	46K	47.5K	49K	54K	57K
Accumulated Allowance for Doubtful Accounts (Supple)	-	-	-	-	-

Fiscal Period: December	2019	2020	2021	2022	2023
Net Income	8.01B	9.77B	21.09B	12.42B	10.06B
Depreciation & Amortization - CF	4.11B	3.97B	4.32B	4.6B	4.99B
Amortization of Goodwill and Intangible Assets - (CF)	133M	161M	178M	159M	124M
Impairment of Oil, Gas & Mineral Properties - (CF)	1.34B	327M	2M	-	-139M
Depreciation & Amortization, Total	5.58B	4.46B	4.5B	4.76B	4.98B
Amortization of Deferred Charges, Total - (CF)	139M	145M	201M	246M	216M
Minority Interest in Earnings - (CF)	-376M	-683M	-1.09B	-421M	-462M
(Gain) Loss From Sale Of Asset	291M	-	-	105M	-
(Gain) Loss on Sale of Investments - (CF)	-	339M	-	202M	-
Asset Writedown & Restructuring Costs	2.15B	577M	267M	-150M	1.08B
(Income) Loss On Equity Investments - (CF)	-301M	-652M	-1.04B	-777M	-675M
Other Operating Activities, Total	-583M	2.2B	2.98B	1.45B	1.12B
Change In Accounts Receivable	163M	-562M	-367M	20M	-418M
Change In Inventories	28M	-281M	-1.4B	-1.18B	-422M
Change In Accounts Payable	-191M	558M	685M	700M	-86M
Change in Other Net Operating Assets	-	-	-480M	-1.24B	-228M
Cash from Operations	14.91B	15.88B	25.34B	16.13B	15.16B
Capital Expenditure	-5.49B	-6.19B	-7.38B	-6.75B	-7.09B
Sale of Property, Plant, and Equipment	49M	45M	61M	-	9M
Cash Acquisitions	-	-	-	-850M	-834M
Divestitures	-80M	10M	4M	80M	-
Investment in Marketable and Equity Securities, Total	7M	15M	75M	762M	1.04B
Other Investing Activities, Total	11M	-437M	85M	51M	-88M
Cash from Investing	-5.5B	-6.56B	-7.16B	-6.71B	-6.96B
Long-Term Debt Issued, Total	80M	125M	1.49B	321M	1.83B
Total Debt Issued	80M	125M	1.49B	321M	1.83B
Long-Term Debt Repaid, Total	-518M	-1.04B	-2.06B	-1.16B	-736M
Total Debt Repaid	-518M	-1.04B	-2.06B	-1.16B	-736M
Repurchase of Common Stock	-1.55B	-208M	-	-	-
Common Dividends Paid	-5.4B	-6.13B	-10.95B	-10.74B	-6.47B
Common & Preferred Stock Dividends Paid	-5.4B	-6.13B	-10.95B	-10.74B	-6.47B
Special Dividend Paid	-4.94B	-	-4.44B	-984M	-
Other Financing Activities, Total	105M	130M	100M	-2.9B	96M
Cash from Financing	-12.22B	-7.13B	-15.86B	-15.47B	-5.28B
Foreign Exchange Rate Adjustments	-54M	165M	100M	15M	-23M
Net Change in Cash	-2.86B	2.35B	2.42B	-6.03B	2.9B
Supplemental Items
Cash Income Tax Paid (Refund)	4.55B	5.29B	8.49B	6.91B	4.63B
Levered Free Cash Flow	8.83B	8.74B	14.84B	7.36B	7.43B
Unlevered Free Cash Flow	9.17B	8.91B	14.95B	7.57B	8.04B
Change In Net Working Capital	-411M	213M	879M	2.02B	-493M
Net Debt Issued / Repaid	-438M	-920M	-577M	-843M	1.1B

Fiscal Period: December	2019	2020	2021	2022	2023
Profitability
Return on Assets	9.4	11.41	18.37	11.24	9.28
Return on Total Capital	13.78	16.89	27.08	16.66	13.69
Return On Equity %	14.67	21.41	41.62	24.02	18.25
Return on Common Equity	19.02	22.31	42.84	24.45	19.12
Margin Analysis
Gross Profit Margin %	37.53	41.92	49.36	38.34	32.01
SG&A Margin	0.79	0.77	0.85	0.93	0.57
EBITDA Margin %	43.45	47.17	52.91	40.24	36
EBITA Margin %	31.45	38.26	46.63	32.59	27.74
EBIT Margin %	31.14	37.89	46.35	32.3	27.51
Income From Continuing Operations Margin %	16.15	23.31	35.55	23.54	18.42
Net Income Margin %	18.56	21.9	33.22	22.36	18.61
Net Avail. For Common Margin %	18.56	21.9	33.22	22.36	18.61
Normalized Net Income Margin	22.02	21.43	28.34	19.99	17.38
Levered Free Cash Flow Margin	20.46	19.6	23.38	13.24	13.74
Unlevered Free Cash Flow Margin	21.25	19.98	23.55	13.63	14.87
Asset Turnover
Asset Turnover	0.48	0.48	0.63	0.56	0.54
Fixed Assets Turnover	0.76	0.74	0.99	0.86	0.82
Receivables Turnover (Average Receivables)	19.79	18.86	25.88	25.14	23.29
Inventory Turnover (Average Inventory)	7.8	7.02	6.88	5.88	5.71
Short Term Liquidity
Current Ratio	1.56	1.8	1.93	1.64	1.69
Quick Ratio	1.22	1.42	1.46	1.06	1.12
Operating Cash Flow to Current Liabilities	1.34	1.37	2.01	1.39	1.19
Days Sales Outstanding (Average Receivables)	18.45	19.41	14.1	14.52	15.67
Days Outstanding Inventory (Average Inventory)	46.77	52.13	53.09	62.06	63.93
Average Days Payable Outstanding	41.98	42.58	35.91	35.51	32.59
Cash Conversion Cycle (Average Days)	23.24	28.95	31.28	41.07	47.01
Long Term Solvency
Total Debt/Equity	31.2	26.65	23.91	23.47	25.47
Total Debt / Total Capital	23.78	21.04	19.3	19.01	20.3
LT Debt/Equity	28.94	25.52	21.9	21.15	23.4
Long-Term Debt / Total Capital	22.06	20.15	17.68	17.13	18.65
Total Liabilities / Total Assets	48.47	46.71	45	45.97	45.59
EBIT / Interest Expense