Cash flow Rio2 Limited

Equities

RIO

CA7672171021

Gold

Market Closed - Toronto S.E. Other stock markets 02:26:31 2024-09-12 pm EDT			5-day change	1st Jan Change
0.5500 ^CAD	0.00%		+5.77%	+37.50%

Aug. 30	Rio2 Limited Reports Earnings Results for the Second Quarter and Six Months Ended June 30, 2024	CI
May. 31	Rio2 Limited Reports Earnings Results for the First Quarter Ended March 31, 2024	CI

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Published financial data: RIO2 LIMITED

Annual

Quarterly

Halfyear

YTD

LTM

Fiscal Period: December	2019	2020	2021	2022	2023
Cost of Goods Sold, Total	-	-	-	-	-
Gross Profit	-	-	-	-	-
Selling General & Admin Expenses, Total	6.47M	7.56M	9.21M	9.1M	4.5M
Exploration / Drilling Costs, Total	625K	271K	70.49K	26.37K	156K
Stock-Based Compensation (IS)	1.91M	2.28M	1.94M	1.71M	1.05M
Amortization of Goodwill and Intangible Assets - (IS)	51.05K	100K	76.17K	2.28M	1.86M
Impairment of Oil, Gas & Mineral Properties - (IS)	-	-	-	-	-
Other Operating Expenses	-	-	285K	2.68M	3.37M
Other Operating Expenses, Total	9.06M	10.21M	11.58M	15.8M	10.94M
Operating Income	-9.06M	-10.21M	-11.58M	-15.8M	-10.94M
Interest Expense, Total	-	-	-	-	-
Interest And Investment Income	124K	116K	15.26K	53.68K	245K
Net Interest Expenses	124K	116K	15.26K	53.68K	245K
Currency Exchange Gains (Loss)	-1.23M	-1.31M	-239K	8.65M	-2.07M
Other Non Operating Income (Expenses)	-227K	-591K	1.3M	-182K	432K
EBT, Excl. Unusual Items	-10.39M	-11.99M	-10.51M	-7.27M	-12.34M
Gain (Loss) On Sale Of Assets	-	-	-	5M	-
Asset Writedown	-	-	-	-	-
Other Unusual Items	-	-	-	-	-
EBT, Incl. Unusual Items	-10.39M	-11.99M	-10.51M	-2.27M	-12.34M
Income Tax Expense	-	-	16.07K	33.02K	16.17K
Earnings From Continuing Operations	-10.39M	-11.99M	-10.53M	-2.3M	-12.36M
Net Income to Company	-10.39M	-11.99M	-10.53M	-2.3M	-12.36M
Net Income - (IS)	-10.39M	-11.99M	-10.53M	-2.3M	-12.36M
Net Income to Common Incl Extra Items	-10.39M	-11.99M	-10.53M	-2.3M	-12.36M
Net Income to Common Excl. Extra Items	-10.39M	-11.99M	-10.53M	-2.3M	-12.36M
Per Share Items
Net EPS - Basic	-0.07	-0.06	-0.05	-0.01	-0.05
Basic EPS - Continuing Operations	-0.07	-0.06	-0.05	-0.01	-0.05
Basic Weighted Average Shares Outstanding	140M	185M	220M	257M	258M
Net EPS - Diluted	-0.07	-0.06	-0.05	-0.01	-0.05
Diluted EPS - Continuing Operations	-0.07	-0.06	-0.05	-0.01	-0.05
Diluted Weighted Average Shares Outstanding	140M	185M	220M	257M	258M
Normalized Basic EPS	-0.05	-0.04	-0.03	-0.02	-0.03
Normalized Diluted EPS	-0.05	-0.04	-0.03	-0.02	-0.03
Supplemental Items
EBITDA	-9.05M	-10.18M	-11.54M	-13.06M	-8.85M
EBITA	-9.06M	-10.21M	-11.58M	-15.31M	-10.69M
EBIT	-9.06M	-10.21M	-11.58M	-15.8M	-10.94M
Effective Tax Rate - (Ratio)	-	-	-0.15	-1.45	-0.13
Normalized Net Income	-6.5M	-7.49M	-6.57M	-4.54M	-7.71M
Interest on Long-Term Debt	-	27.03K	17.83K	23.29K	14.51K
Supplemental Operating Expense Items
General and Administrative Expenses	1.57M	2.14M	3.43M	2.37M	1.81M
Exploration/Drilling Costs	625K	271K	70.49K	26.37K	156K
Stock-Based Comp., Other (Total)	1.91M	2.28M	1.94M	1.71M	1.28M
Total Stock-Based Compensation	1.91M	2.28M	1.94M	1.71M	1.28M

Fiscal Period: December	2019	2020	2021	2022	2023
Assets
Cash And Equivalents	5.41M	3.31M	21.35M	4.68M	4.55M
Short Term Investments	14.06M	1.06M	46K	46K	46K
Total Cash And Short Term Investments	19.47M	4.37M	21.39M	4.73M	4.6M
Accounts Receivable, Total	-	-	-	124K	-
Other Receivables	100K	8.22K	249K	240K	12.64K
Total Receivables	100K	8.22K	249K	364K	12.64K
Prepaid Expenses	118K	242K	1.48M	411K	285K
Other Current Assets, Total	-	278K	-	-	-
Total Current Assets	19.69M	4.9M	23.12M	5.5M	4.89M
Gross Property Plant And Equipment	63.73M	77.04M	62.66M	95.39M	97.12M
Accumulated Depreciation	-17.97K	-42.82K	-76.24K	-2.33M	-4.17M
Net Property Plant And Equipment	63.71M	76.99M	62.59M	93.06M	92.94M
Other Intangibles, Total	180K	117K	58.36K	24.8K	4.5K
Other Long-Term Assets, Total	10.48M	11.7M	9.93M	16.47M	10.57M
Total Assets	94.05M	93.71M	95.7M	115M	108M
Liabilities
Accounts Payable, Total	3.86M	2.76M	2.77M	1.34M	252K
Accrued Expenses, Total	10K	10K	713K	165K	230K
Short-term Borrowings	-	-	-	-	-
Current Portion of Leases	-	267K	190K	209K	151K
Other Current Liabilities	-	-	-	-	-
Total Current Liabilities	3.87M	3.04M	3.67M	1.71M	634K
Long-Term Leases	-	345K	296K	505K	314K
Unearned Revenue Non Current	-	-	-	27.19M	30.3M
Other Non Current Liabilities	-	4.74M	3.37M	3.83M	3.96M
Total Liabilities	3.87M	8.13M	7.33M	33.23M	35.21M
Common Stock, Total	120M	126M	127M	129M	129M
Additional Paid In Capital	-	-	-	-	-
Retained Earnings	-38.02M	-50.02M	-48.79M	-51.09M	-63.44M
Comprehensive Income and Other	8.24M	9.61M	9.95M	4.39M	7.84M
Total Common Equity	90.18M	85.58M	88.36M	81.83M	73.21M
Total Equity	90.18M	85.58M	88.36M	81.83M	73.21M
Total Liabilities And Equity	94.05M	93.71M	95.7M	115M	108M
Supplemental Items
ECS Total Shares Outstanding on Filing Date	181M	200M	256M	258M	260M
ECS Total Common Shares Outstanding	181M	191M	254M	258M	259M
Book Value / Share	0.5	0.45	0.35	0.32	0.28
Tangible Book Value	90M	85.47M	88.3M	81.81M	73.21M
Tangible Book Value Per Share	0.5	0.45	0.35	0.32	0.28
Total Debt	0	612K	485K	713K	465K
Net Debt	-19.47M	-3.76M	-20.91M	-4.01M	-4.13M
Account Code - Inventory Valuation	3	3	3	3	3
Land - (BS)	-	2.77K	2.17K	2.17K	2.17K
Buildings, Total	-	-	3.84K	-	-
Machinery, Total	74.88K	361K	2.04M	29.91M	33.4M
Full Time Employees	-	56	-	-	-

Fiscal Period: December	2019	2020	2021	2022	2023
Net Income	-10.39M	-11.99M	-10.53M	-2.3M	-12.36M
Depreciation & Amortization - CF	10.85K	24.85K	260K	2.47M	2.01M
Amortization of Goodwill and Intangible Assets - (CF)	-	-	-	490K	250K
Impairment of Oil, Gas & Mineral Properties - (CF)	-	-	-	-	-
Depreciation & Amortization, Total	10.85K	24.85K	260K	2.96M	2.26M
Amortization of Deferred Charges, Total - (CF)	40.2K	75.41K	33.56K	33.56K	20.3K
Asset Writedown & Restructuring Costs	-	-	-	-	-
Stock-Based Compensation (CF)	1.91M	2.28M	1.94M	1.71M	1.28M
Other Operating Activities, Total	-	-	303K	2.21M	3.13M
Change In Accounts Receivable	-	-	-	-251K	251K
Change In Accounts Payable	1.45M	-1.14M	185K	-2.89M	-1.05M
Change In Income Taxes	-	-	-	-	-
Change in Other Net Operating Assets	-196K	-24.83K	-1.53M	-5.34M	6.13M
Cash from Operations	-7.18M	-10.77M	-9.33M	-3.87M	-331K
Capital Expenditure	-4.37M	-8.71M	-5.86M	-31.6M	-1.95M
Cash Acquisitions	-	-	-	-	-
Investment in Marketable and Equity Securities, Total	-14.06M	13M	785K	-	-
Other Investing Activities, Total	-	-1.27M	2.95M	-	-
Cash from Investing	-18.43M	3.02M	-2.13M	-31.6M	-1.95M
Short Term Debt Issued, Total	-	-	-	-	-
Total Debt Issued	-	-	-	-	-
Short Term Debt Repaid, Total	-	-	-	-	-
Long-Term Debt Repaid, Total	-	-	-232K	-264K	-181K
Total Debt Repaid	-	-	-232K	-264K	-181K
Issuance of Common Stock	29.92M	5.07M	32.71M	1.15M	-
Other Financing Activities, Total	-	-	-1.51M	25M	-
Cash from Financing	29.92M	5.07M	30.97M	25.88M	-181K
Foreign Exchange Rate Adjustments	-	579K	-762K	-7.08M	2.33M
Net Change in Cash	4.31M	-2.1M	18.74M	-16.67M	-129K
Supplemental Items
Cash Interest Paid	-	-	-	-	-
Levered Free Cash Flow	-6.74M	-14.11M	-11.1M	-37.8M	-5.76M
Unlevered Free Cash Flow	-6.74M	-14.11M	-11.1M	-37.8M	-5.76M
Change In Net Working Capital	-1.33M	1.4M	229K	1.03M	540K
Net Debt Issued / Repaid	-	-	-232K	-264K	-181K

Fiscal Period: December	2019	2020	2021	2022	2023
Profitability
Return on Assets	-6.85	-6.8	-8.63	-9.37	-6.12
Return on Total Capital	-7.12	-7.24	-9.34	-11.52	-8.76
Return On Equity %	-13.08	-13.64	-13.66	-2.71	-15.94
Return on Common Equity	-13.08	-13.64	-13.66	-2.71	-15.94
Short Term Liquidity
Current Ratio	5.09	1.61	6.3	3.22	7.72
Quick Ratio	5.06	1.44	5.9	2.98	7.27
Operating Cash Flow to Current Liabilities	-1.86	-3.54	-2.54	-2.26	-0.52
Average Days Payable Outstanding	-	-	-	-	-
Long Term Solvency
Total Debt/Equity	-	0.72	0.55	0.87	0.64
Total Debt / Total Capital	-	0.71	0.55	0.86	0.63
LT Debt/Equity	-	0.4	0.33	0.62	0.43
Long-Term Debt / Total Capital	-	0.4	0.33	0.61	0.43
Total Liabilities / Total Assets	4.11	8.67	7.66	28.88	32.47
EBIT / Interest Expense	-	-	-	-	-
EBITDA / Interest Expense	-	-	-	-	-
(EBITDA - Capex) / Interest Expense	-	-	-	-	-
Total Debt / EBITDA	-	-0.06	-0.04	-0.06	-0.05
Net Debt / EBITDA	2.15	0.37	1.85	0.31	0.48
Total Debt / (EBITDA - Capex)	-	-0.03	-0.03	-0.02	-0.04
Net Debt / (EBITDA - Capex)	1.45	0.2	1.22	0.09	0.39
Growth Over Prior Year
EBITDA, 1 Yr. Growth %	15.91	13.08	51.94	15.99	-32.22
EBITA, 1 Yr. Growth %	15.12	12.72	52.21	35.46	-30.14
EBIT, 1 Yr. Growth %	15.12	12.72	52.21	36.36	-30.73
Earnings From Cont. Operations, 1 Yr. Growth %	25.66	15.38	17.75	-78.12	436.4
Net Income, 1 Yr. Growth %	25.66	15.38	17.75	-78.12	436.4
Normalized Net Income, 1 Yr. Growth %	25.7	15.38	17.57	-39.97	69.72
Diluted EPS Before Extra, 1 Yr. Growth %	-53.46	-13.03	-0.9	-81.24	433.02
Net Property, Plant and Equip., 1 Yr. Growth %	7.3	20.85	5.62	48.69	-0.12
Total Assets, 1 Yr. Growth %	32.15	-0.37	32.61	20.24	-5.77
Tangible Book Value, 1 Yr. Growth %	31.28	-5.04	34.43	-7.36	-10.51
Common Equity, 1 Yr. Growth %	31.17	-5.1	34.33	-7.39	-10.53
Cash From Operations, 1 Yr. Growth %	90.96	50.06	-0.59	-58.59	-91.43
Capital Expenditures, 1 Yr. Growth %	66.78	99.45	53.78	438.99	-93.84
Levered Free Cash Flow, 1 Yr. Growth %	112.71	109.5	47.26	249.46	-84.76
Unlevered Free Cash Flow, 1 Yr. Growth %	112.71	109.5	47.26	249.46	-84.76
Compound Annual Growth Rate Over Two Years
EBITDA, 2 Yr. CAGR %	26.66	14.23	27.35	31.1	-11.34
EBITA, 2 Yr. CAGR %	26.73	13.91	27.22	41.82	-2.72
EBIT, 2 Yr. CAGR %	26.73	13.91	27.22	44.07	-2.81
Earnings From Cont. Operations, 2 Yr. CAGR %	35.32	20.41	13.21	-49.24	8.35
Net Income, 2 Yr. CAGR %	35.32	20.41	13.21	-49.24	8.35
Normalized Net Income, 2 Yr. CAGR %	35.32	20.43	13.12	-9.81	0.94
Diluted EPS Before Extra, 2 Yr. CAGR %	-29.13	-36.38	-9.83	-56.88	0.01
Net Property, Plant and Equip., 2 Yr. CAGR %	5.48K	13.87	11.5	25.32	21.86
Total Assets, 2 Yr. CAGR %	306.97	14.74	13.47	26.27	6.44
Tangible Book Value, 2 Yr. CAGR %	311.02	11.65	11.43	11.59	-8.95
Common Equity, 2 Yr. CAGR %	311.43	11.57	11.35	11.53	-8.98
Cash From Operations, 2 Yr. CAGR %	37.86	69.28	28.27	-35.84	-81.16
Capital Expenditures, 2 Yr. CAGR %	3.21K	82.38	30.37	187.9	-42.37
Levered Free Cash Flow, 2 Yr. CAGR %	110.78	111.1	44.41	123.93	-27.03
Unlevered Free Cash Flow, 2 Yr. CAGR %	110.78	111.1	44.41	123.93	-27.03
Compound Annual Growth Rate Over Three Years
EBITDA, 3 Yr. CAGR %	239.06	21.78	23.23	25.19	5.22
EBITA, 3 Yr. CAGR %	239.12	21.87	23.05	31.75	12
EBIT, 3 Yr. CAGR %	239.12	21.87	23.05	33.15	12.87
Earnings From Cont. Operations, 3 Yr. CAGR %	185.91	28.31	17.22	-33.06	11.4
Net Income, 3 Yr. CAGR %	185.91	28.31	17.22	-33.06	11.4
Normalized Net Income, 3 Yr. CAGR %	220.77	28.31	17.17	-1.8	11.35
Diluted EPS Before Extra, 3 Yr. CAGR %	2.16	-24.13	-27.67	-45.36	-0.3
Net Property, Plant and Equip., 3 Yr. CAGR %	1.47K	1.46K	10.08	25.51	16.19
Total Assets, 3 Yr. CAGR %	273.46	154.59	19.38	18.3	14.53
Tangible Book Value, 3 Yr. CAGR %	278.96	152.2	17.69	7.15	3.68
Common Equity, 3 Yr. CAGR %	279.21	152.32	17.6	7.09	3.63
Cash From Operations, 3 Yr. CAGR %	245.19	41.81	46.46	-10.01	-67.2