Rio Tinto Group (ASX: RIO)

Rio Tinto Group Income Statement

Financials in millions USD. Fiscal year is January - December.

Year	2023	2022	2021	2020	2019
Revenue	54,041	55,554	63,495	44,611	43,165
Revenue Growth (YoY)	-2.72%	-12.51%	42.33%	3.35%	6.52%
Cost of Revenue	21,640	34,255	32,154	25,910	26,965
Gross Profit	32,401	21,299	31,341	18,701	16,200
Selling, General & Admin	9,417	1,411	1,255	968	966
Research & Development	245	76	65	45	45
Other Operating Expenses	-309	-515	336	1	10
Operating Expenses	16,380	2,294	332	3,043	4,535
Operating Income	14,823	17,945	29,435	17,233	14,782
Interest Income	4	343	176	267	546
Interest Expense	1,957	1,865	596	648	938
Other Expense / Income	-1,020	-1,583	-337	2,092	2,233
Pretax Income	13,785	18,662	30,833	15,391	11,119
Income Tax	3,832	5,586	8,258	4,991	4,147
Net Income	10,058	12,420	21,094	9,769	8,010
Net Income Growth	-19.02%	-41.12%	115.93%	21.96%	-41.27%
Shares Outstanding (Basic)	1,621	1,620	1,618	1,617	1,630
Shares Outstanding (Diluted)	1,631	1,630	1,629	1,629	1,642
Shares Change	0.11%	0.04%	0.02%	-0.82%	-5.17%
EPS (Basic)	6.20	7.67	13.03	6.04	4.91
EPS (Diluted)	6.17	7.62	12.95	6.00	4.88
EPS Growth	-19.03%	-41.16%	115.83%	22.95%	-38.07%
Free Cash Flow	8,074	9,384	17,961	9,686	9,424
Free Cash Flow Per Share	4.95	5.76	11.03	5.95	5.74
Gross Margin	59.96%	38.34%	49.36%	41.92%	37.53%
Operating Margin	27.43%	32.30%	46.36%	38.63%	34.25%
Profit Margin	18.61%	22.36%	33.22%	21.90%	18.56%
Free Cash Flow Margin	14.94%	16.89%	28.29%	21.71%	21.83%
Effective Tax Rate	27.80%	29.93%	26.78%	32.43%	37.30%
EBITDA	22,257	22,353	33,601	21,512	19,027
EBITDA Margin	41.19%	40.24%	52.92%	48.22%	44.08%
Depreciation & Amortization	5,334	4,764	4,498	4,279	4,245
EBIT	16,923	17,589	29,103	17,233	14,782
EBIT Margin	31.32%	31.66%	45.84%	38.63%	34.25%

Sources: The data provider is Financial Modeling Prep and the numbers are sourced from SEC filings.