Sociedad Minera Cerro Verde S.A.A. (BVL: CVERDEC1)

CVERDEC1 Income Statement

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

Fiscal Year	TTM	FY 2023	FY 2022	FY 2021	FY 2020	FY 2019
Period Ending	Jun 30, 2024	Dec 31, 2023	Dec 31, 2022	Dec 31, 2021	Dec 31, 2020	Dec 31, 2019
Revenue	4,143	4,143	3,975	4,199	2,539	2,897
Revenue Growth (YoY)	1.90%	4.22%	-5.34%	65.42%	-12.37%	-5.15%
Cost of Revenue	2,579	2,555	2,324	2,066	1,714	1,962
Gross Profit	1,565	1,588	1,651	2,133	825.04	935.32
Selling, General & Admin	152.8	158.24	158.9	111.52	114.27	109.48
Other Operating Expenses	10.29	73.69	10.06	2.01	6.75	22.52
Operating Expenses	172.26	241.11	173.93	113.71	121.02	132
Operating Income	1,393	1,347	1,477	2,020	704.02	803.32
Interest Expense	-6.59	-79.92	-8.96	-13.75	-49.06	-57.39
Interest & Investment Income	1.18	-	-	1.11	2.35	10.36
Currency Exchange Gain (Loss)	-9.86	20.48	0.98	29.49	52.46	5.57
Other Non Operating Income (Expenses)	14.46	13.95	5.97	0.13	-1.79	-4.88
EBT Excluding Unusual Items	1,392	1,301	1,475	2,037	707.99	756.97
Merger & Restructuring Charges	-1.4	-1.4	-8.91	-5.93	-8.43	-14.92
Gain (Loss) on Sale of Investments	35.14	35.14	11.22	0.8	-	-
Asset Writedown	-3.55	-3.55	-	-	-	-
Legal Settlements	-	-	-	-15.33	-43.84	-53.6
Other Unusual Items	-0.82	-0.82	-43.67	-89.05	-112.85	-
Pretax Income	1,421	1,331	1,434	1,927	542.87	688.45
Income Tax Expense	531.26	551.8	508.55	735.7	268.33	298.07
Net Income	889.87	778.96	925.35	1,191	274.54	390.38
Net Income to Common	889.87	778.96	925.35	1,191	274.54	390.38
Net Income Growth	10.44%	-15.82%	-22.34%	333.98%	-29.67%	226.10%
Shares Outstanding (Basic)	350	350	350	350	350	350
Shares Outstanding (Diluted)	350	350	350	350	350	350
EPS (Basic)	2.54	2.23	2.64	3.40	0.78	1.12
EPS (Diluted)	2.54	2.23	2.64	3.40	0.78	1.12
EPS Growth	10.46%	-15.82%	-22.34%	333.98%	-29.67%	226.10%
Free Cash Flow	562.93	711	356.51	1,323	366.43	339.55
Free Cash Flow Per Share	1.61	2.03	1.02	3.78	1.05	0.97
Dividend Per Share	2.005	1.858	1.420	1.857	0.571	-
Dividend Growth	-5.85%	30.87%	-23.53%	225.00%	-	-
Gross Margin	37.77%	38.33%	41.54%	50.80%	32.50%	32.29%
Operating Margin	33.61%	32.51%	37.16%	48.09%	27.73%	27.73%
Profit Margin	21.48%	18.80%	23.28%	28.37%	10.81%	13.48%
Free Cash Flow Margin	13.59%	17.16%	8.97%	31.51%	14.43%	11.72%
EBITDA	1,683	1,726	1,835	2,378	1,053	1,171
EBITDA Margin	40.62%	41.65%	46.16%	56.62%	41.46%	40.43%
D&A For EBITDA	290.5	378.82	357.86	358.23	348.61	367.98
EBIT	1,393	1,347	1,477	2,020	704.02	803.32
EBIT Margin	33.61%	32.51%	37.16%	48.09%	27.73%	27.73%
Effective Tax Rate	37.38%	41.46%	35.47%	38.18%	49.43%	43.30%

Source: S&P Capital IQ. Standard template. Financial Sources.