Cash flow Taseko Mines Limited

Equities

TKO

CA8765111064

Specialty Mining & Metals

Market Closed - Toronto S.E. Other stock markets 04:00:00 2024-09-10 pm EDT			5-day change	1st Jan Change
2.650 ^CAD	+0.38%		-1.85%	+42.47%

Sep. 03	Copper Stocks Brief: Goldman Sachs Group Exited a Long-term Bullish Position on Copper and Slashed Its Price Forecast for 2025 by Near US$5,000, Citing Shrinking Demand in China, Bloomberg noted	MT
Aug. 09	Big Technologies COO sells GBP215,000 in shares	AN

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Published financial data: TASEKO MINES LIMITED

Annual

Quarterly

Halfyear

YTD

LTM

Fiscal Period: December	2019	2020	2021	2022	2023
Revenues	329M	343M	433M	392M	525M
Total Revenues	329M	343M	433M	392M	525M
Cost of Goods Sold, Total	259M	224M	203M	285M	318M
Gross Profit	70.61M	119M	230M	106M	207M
Selling General & Admin Expenses, Total	13.8M	14.64M	16.94M	12.06M	13.46M
Exploration / Drilling Costs, Total	3.57M	1.4M	-408K	543K	1.72M
Stock-Based Compensation (IS)	2.95M	5.08M	5.51M	3.81M	5.92M
Depreciation & Amortization - (IS)	110M	95.3M	66.59M	51.98M	56.94M
Other Operating Expenses	2.83M	-1.39M	13.38M	-15.91M	9.03M
Other Operating Expenses, Total	133M	115M	102M	52.48M	87.07M
Operating Income	-62.3M	4M	128M	53.74M	120M
Interest Expense, Total	-34.59M	-37.29M	-40.89M	-40.93M	-42.11M
Interest And Investment Income	1.2M	249K	678K	1.8M	2.97M
Net Interest Expenses	-33.39M	-37.04M	-40.22M	-39.13M	-39.14M
Currency Exchange Gains (Loss)	14.78M	4.09M	-555K	-29.79M	11.43M
Other Non Operating Income (Expenses)	-4.81M	-3.68M	-4.07M	-3.95M	-5.92M
EBT, Excl. Unusual Items	-85.72M	-32.62M	83.55M	-19.14M	86.66M
Merger & Related Restructuring Charges	-	-	-	-	-
Gain (Loss) On Sale Of Investments	-	-	-	-	-
Gain (Loss) On Sale Of Assets	-	-	-	-	-
Asset Writedown	-	-	-	-	-
Insurance Settlements	-	-	-	-	-
Other Unusual Items	-	-	-12.74M	-	46.21M
EBT, Incl. Unusual Items	-85.72M	-32.62M	70.81M	-19.14M	133M
Income Tax Expense	-32.34M	-9.1M	34.34M	6.83M	50.14M
Earnings From Continuing Operations	-53.38M	-23.52M	36.47M	-25.97M	82.73M
Net Income to Company	-53.38M	-23.52M	36.47M	-25.97M	82.73M
Net Income - (IS)	-53.38M	-23.52M	36.47M	-25.97M	82.73M
Net Income to Common Incl Extra Items	-53.38M	-23.52M	36.47M	-25.97M	82.73M
Net Income to Common Excl. Extra Items	-53.38M	-23.52M	36.47M	-25.97M	82.73M
Per Share Items
Net EPS - Basic	-0.22	-0.09	0.13	-0.09	0.29
Basic EPS - Continuing Operations	-0.22	-0.09	0.13	-0.09	0.29
Basic Weighted Average Shares Outstanding	244M	251M	284M	286M	289M
Net EPS - Diluted	-0.22	-0.09	0.13	-0.09	0.28
Diluted EPS - Continuing Operations	-0.22	-0.09	0.13	-0.09	0.28
Diluted Weighted Average Shares Outstanding	244M	251M	288M	286M	291M
Normalized Basic EPS	-0.22	-0.08	0.18	-0.04	0.19
Normalized Diluted EPS	-0.22	-0.08	0.18	-0.04	0.19
Supplemental Items
EBITDA	44.82M	95.58M	191M	99.59M	169M
EBITA	-60.72M	4.55M	129M	54.1M	123M
EBIT	-62.3M	4M	128M	53.74M	120M
Effective Tax Rate - (Ratio)	37.72	27.88	48.5	-35.7	37.74
Total Current Taxes	817K	1.77M	3.2M	892K	3M
Total Deferred Taxes	-33.15M	-10.86M	31.14M	5.94M	47.14M
Normalized Net Income	-53.57M	-20.39M	52.22M	-11.96M	54.16M
Interest Capitalized	-	-	-	3.42M	8.86M
Interest on Long-Term Debt	34.59M	37.29M	38.85M	44.35M	50.97M
Supplemental Operating Expense Items
General and Administrative Expenses	13.8M	14.64M	16.94M	12.06M	13.46M
Exploration/Drilling Costs	3.57M	1.4M	-408K	543K	1.72M
Stock-Based Comp., Other (Total)	3.13M	5.31M	5.76M	4.15M	6.33M
Total Stock-Based Compensation	3.13M	5.31M	5.76M	4.15M	6.33M

Fiscal Period: December	2019	2020	2021	2022	2023
Assets
Cash And Equivalents	53.2M	85.11M	237M	121M	96.48M
Short Term Investments	730K	1.79M	3.11M	2.57M	1.33M
Trading Asset Securities, Total	-	-	-	-	-
Total Cash And Short Term Investments	53.93M	86.9M	240M	123M	97.81M
Accounts Receivable, Total	11.22M	4.68M	5.86M	11.4M	11.04M
Other Receivables	2.57M	2.01M	3.74M	1.82M	5.48M
Total Receivables	13.79M	6.69M	9.6M	13.22M	16.51M
Inventory	43.62M	58.84M	79.87M	92.85M	123M
Prepaid Expenses	2.51M	2.98M	3.97M	4.93M	8.46M
Other Current Assets, Total	-	1.79M	3.9M	6.44M	3.72M
Total Current Assets	114M	157M	337M	241M	249M
Gross Property Plant And Equipment	1.25B	1.33B	1.49B	1.73B	2.03B
Accumulated Depreciation	-489M	-587M	-654M	-696M	-747M
Net Property Plant And Equipment	758M	743M	838M	1.03B	1.29B
Long-term Investments	2.4M	1.2M	1.2M	1.2M	1.2M
Goodwill	5.36M	5.25M	5.23M	5.58M	5.46M
Other Long-Term Assets, Total	4.38M	4.1M	1.7M	1.79M	24.25M
Total Assets	884M	910M	1.18B	1.28B	1.57B
Liabilities
Accounts Payable, Total	24.17M	32.78M	30.1M	31.72M	28.56M
Accrued Expenses, Total	20.7M	20.13M	38.87M	49.22M	57.09M
Current Portion of Long-Term Debt	6.63M	7.54M	6.54M	8.49M	16.62M
Current Portion of Leases	9.83M	10.08M	11.77M	9.92M	11.04M
Current Income Taxes Payable	1.41M	2.36M	2.76M	1.23M	3.16M
Unearned Revenue Current, Total	4.56M	5.6M	13.44M	12.06M	10.35M
Other Current Liabilities	-	-	-	-	14.38M
Total Current Liabilities	67.29M	78.48M	103M	113M	141M
Long-Term Debt	336M	327M	502M	558M	603M
Long-Term Leases	20.55M	19.29M	11.38M	10.42M	6.93M
Unearned Revenue Non Current	39.43M	47.15M	45.36M	47.62M	59.72M
Deferred Tax Liability Non Current	50.7M	39.06M	70.19M	76.26M	115M
Other Non Current Liabilities	67.86M	82.51M	92.21M	118M	206M
Total Liabilities	582M	593M	825M	922M	1.13B
Common Stock, Total	436M	473M	477M	480M	486M
Additional Paid In Capital	51.62M	53.43M	55.4M	55.8M	54.83M
Retained Earnings	-193M	-217M	-180M	-206M	-123M
Comprehensive Income and Other	6.83M	7.67M	6.65M	26.79M	16.56M
Total Common Equity	302M	317M	359M	356M	434M
Total Equity	302M	317M	359M	356M	434M
Total Liabilities And Equity	884M	910M	1.18B	1.28B	1.57B
Supplemental Items
ECS Total Shares Outstanding on Filing Date	246M	283M	286M	288M	290M
ECS Total Common Shares Outstanding	246M	282M	285M	286M	290M
Book Value / Share	1.23	1.12	1.26	1.24	1.5
Tangible Book Value	296M	312M	353M	351M	429M
Tangible Book Value Per Share	1.2	1.11	1.24	1.22	1.48
Total Debt	373M	363M	532M	587M	638M
Net Debt	320M	277M	292M	463M	540M
Account Code - Inventory Valuation	6	6	6	6	6
Inventories - Raw Materials, Total	34.34M	50.5M	59.73M	80.32M	105M
Inventories - Work In Process, Total	-	-	-	-	-
Inventories - Finished Goods, Total	9.28M	8.35M	20.14M	12.52M	18.07M
Machinery, Total	748M	770M	821M	803M	908M
Full Time Employees	-	-	-	-	-

Fiscal Period: December	2019	2020	2021	2022	2023
Net Income	-53.38M	-23.52M	36.47M	-25.97M	82.73M
Depreciation & Amortization - CF	110M	95.3M	66.59M	51.98M	56.94M
Amortization of Goodwill and Intangible Assets - (CF)	1.58M	550K	373K	367K	2.33M
Depreciation & Amortization, Total	111M	95.85M	66.96M	52.35M	59.27M
Amortization of Deferred Charges, Total - (CF)	-	-	-	2.52M	2.79M
(Gain) Loss on Sale of Investments - (CF)	-	-	-	-	-
Asset Writedown & Restructuring Costs	-	-	-	-	-
Stock-Based Compensation (CF)	3.13M	5.31M	5.76M	4.15M	6.33M
Other Operating Activities, Total	-11.82M	31.88M	97.55M	53.66M	48.1M
Change In Accounts Receivable	713K	7.41M	-2.92M	-3.6M	-2.84M
Change In Inventories	-4.63M	-11.29M	-16.71M	-14.04M	-23.97M
Change In Accounts Payable	-463K	2.97M	-12.98M	14.7M	-12.23M
Change in Unearned Revenues	-	-	5.3M	1.16M	-3.37M
Change In Income Taxes	-887K	-820K	-2.8M	-	-
Change in Other Net Operating Assets	-1.34M	-1.59M	-1.86M	-3.67M	-5.71M
Cash from Operations	42.64M	106M	175M	81.27M	151M
Capital Expenditure	-50.75M	-65.5M	-134M	-182M	-173M
Cash Acquisitions	-	-	-	-	2.95M
Investment in Marketable and Equity Securities, Total	-	5.5M	-	-	-
Other Investing Activities, Total	33.82M	354K	-14.06M	15.53M	2.53M
Cash from Investing	-16.93M	-59.64M	-148M	-166M	-168M
Long-Term Debt Issued, Total	34.01M	-	496M	31.77M	26.49M
Total Debt Issued	34.01M	-	496M	31.77M	26.49M
Long-Term Debt Repaid, Total	-18.92M	-14.36M	-346M	-26.44M	-18.69M
Total Debt Repaid	-18.92M	-14.36M	-346M	-26.44M	-18.69M
Issuance of Common Stock	176K	35.32M	2.41M	727K	-
Other Financing Activities, Total	-32.01M	-32.89M	-27.04M	-41.29M	-14.85M
Cash from Financing	-16.74M	-11.94M	126M	-35.24M	-7.05M
Foreign Exchange Rate Adjustments	-1.44M	-2.7M	-1.19M	4.47M	-818K
Net Change in Cash	7.53M	31.91M	152M	-116M	-24.38M
Supplemental Items
Cash Interest Paid	32.01M	32.89M	25.59M	39.36M	47.76M
Levered Free Cash Flow	1.67M	14.52M	-9M	-126M	-70.73M
Unlevered Free Cash Flow	23.29M	37.83M	16.56M	-103M	-47.21M
Change In Net Working Capital	1.48M	339K	2.75M	11.04M	14.9M
Net Debt Issued / Repaid	15.09M	-14.36M	150M	5.33M	7.8M

Fiscal Period: December	2019	2020	2021	2022	2023
Profitability
Return on Assets	-4.19	0.28	7.67	2.73	5.28
Return on Total Capital	-5.65	0.37	10.22	3.66	7.46
Return On Equity %	-16.46	-7.6	10.79	-7.27	20.93
Return on Common Equity	-16.46	-7.6	10.79	-7.27	20.93
Margin Analysis
Gross Profit Margin %	21.45	34.67	53.17	27.12	39.5
SG&A Margin	4.19	4.26	3.91	3.08	2.56
EBITDA Margin %	13.62	27.85	44.18	25.43	32.16
EBITA Margin %	-18.45	1.33	29.72	13.82	23.36
EBIT Margin %	-18.93	1.17	29.63	13.72	22.91
Income From Continuing Operations Margin %	-16.22	-6.85	8.42	-6.63	15.76
Net Income Margin %	-16.22	-6.85	8.42	-6.63	15.76
Net Avail. For Common Margin %	-16.22	-6.85	8.42	-6.63	15.76
Normalized Net Income Margin	-16.28	-5.94	12.05	-3.05	10.32
Levered Free Cash Flow Margin	0.51	4.23	-2.08	-32.16	-13.47
Unlevered Free Cash Flow Margin	7.08	11.02	3.82	-26.27	-8.99
Asset Turnover
Asset Turnover	0.35	0.38	0.41	0.32	0.37
Fixed Assets Turnover	0.42	0.46	0.55	0.42	0.45
Receivables Turnover (Average Receivables)	30.2	43.19	82.25	45.38	46.79
Inventory Turnover (Average Inventory)	6.26	4.38	2.93	3.3	2.94
Short Term Liquidity
Current Ratio	1.69	2	3.26	2.14	1.77
Quick Ratio	1.01	1.19	2.41	1.21	0.81
Operating Cash Flow to Current Liabilities	0.63	1.35	1.69	0.72	1.07
Days Sales Outstanding (Average Receivables)	12.09	8.47	4.44	8.04	7.8
Days Outstanding Inventory (Average Inventory)	58.31	83.62	124.77	110.45	123.99
Average Days Payable Outstanding	31.92	43.52	51.25	37.81	31.64
Cash Conversion Cycle (Average Days)	38.48	48.57	77.97	80.68	100.15
Long Term Solvency
Total Debt/Equity	123.8	114.5	148.32	164.58	146.93
Total Debt / Total Capital	55.32	53.38	59.73	62.2	59.5
LT Debt/Equity	118.34	108.95	143.21	159.41	140.56
Long-Term Debt / Total Capital	52.88	50.79	57.67	60.25	56.92
Total Liabilities / Total Assets	65.87	65.14	69.7	72.13	72.28
EBIT / Interest Expense	-1.8	0.11	3.14	1.31	2.86
EBITDA / Interest Expense	1.42	2.68	4.78	2.59	4.26
(EBITDA - Capex) / Interest Expense	-0.05	0.92	1.51	-1.85	0.15
Total Debt / EBITDA	7.62	3.64	2.72	5.53	3.55
Net Debt / EBITDA	6.52	2.77	1.49	4.37	3.01
Total Debt / (EBITDA - Capex)	-217.9	10.58	8.62	-7.73	98.58
Net Debt / (EBITDA - Capex)	-186.44	8.05	4.73	-6.11	83.46
Growth Over Prior Year
Total Revenues, 1 Yr. Growth %	-4.28	4.28	26.22	-9.62	34.06
Gross Profit, 1 Yr. Growth %	-32.16	68.56	93.56	-53.9	95.22
EBITDA, 1 Yr. Growth %	-51.25	121.04	100.25	-47.97	69.5
EBITA, 1 Yr. Growth %	-387.02	-107.31	2.73K	-57.98	126.63
EBIT, 1 Yr. Growth %