Mining and Metallurgical Company Norilsk Nickel (MOEX: GMKN)

GMKN 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	12,854	14,409	16,876	17,852	15,545	13,563
Revenue Growth (YoY)	-14.64%	-14.62%	-5.47%	14.84%	14.61%	16.22%
Cost of Revenue	5,554	6,049	5,727	4,734	4,750	4,956
Gross Profit	7,300	8,360	11,149	13,118	10,795	8,607
Selling, General & Admin	1,199	1,260	1,514	1,104	959	994
Other Operating Expenses	1,619	1,493	2,065	2,457	3,057	495
Operating Expenses	2,866	2,801	3,629	3,684	4,263	1,521
Operating Income	4,434	5,559	7,520	9,434	6,532	7,086
Interest Expense	-500	-432	-364	-172	-558	-153
Interest & Investment Income	56	41	150	52	73	98
Currency Exchange Gain (Loss)	-225	-1,507	140	-29	-1,026	694
Other Non Operating Income (Expenses)	97	7	-5	-72	-268	-69
EBT Excluding Unusual Items	3,862	3,668	7,441	9,213	4,753	7,656
Merger & Restructuring Charges	7	1	-14	3	10	-190
Gain (Loss) on Sale of Assets	-	-4	-180	-6	-	2
Asset Writedown	-482	-131	-40	75	-61	56
Other Unusual Items	-	-	172	-	-123	-
Pretax Income	3,408	3,534	7,379	9,285	4,579	7,524
Income Tax Expense	779	664	1,525	2,311	945	1,558
Earnings From Continuing Operations	2,629	2,870	5,854	6,974	3,634	5,966
Minority Interest in Earnings	-389	-486	-396	-462	-249	-184
Net Income	2,240	2,384	5,458	6,512	3,385	5,782
Net Income to Common	2,240	2,384	5,458	6,512	3,385	5,782
Net Income Growth	76.52%	-56.32%	-16.19%	92.38%	-41.46%	87.42%
Shares Outstanding (Basic)	15,286	15,286	15,286	15,550	15,825	15,825
Shares Outstanding (Diluted)	15,286	15,286	15,286	15,550	15,825	15,825
Shares Change (YoY)	-	-	-1.70%	-1.73%	-	-
EPS (Basic)	0.15	0.16	0.36	0.42	0.21	0.37
EPS (Diluted)	0.15	0.16	0.36	0.42	0.21	0.37
EPS Growth	76.52%	-56.32%	-14.74%	95.77%	-41.46%	87.42%
Free Cash Flow	1,992	2,740	359	4,359	6,602	4,747
Free Cash Flow Per Share	0.13	0.18	0.02	0.28	0.42	0.30
Dividend Per Share	-	-	0.398	0.398	0.224	0.310
Dividend Growth	-	-	0%	77.77%	-27.92%	31.22%
Gross Margin	56.79%	58.02%	66.06%	73.48%	69.44%	63.46%
Operating Margin	34.50%	38.58%	44.56%	52.85%	42.02%	52.25%
Profit Margin	17.43%	16.55%	32.34%	36.48%	21.78%	42.63%
Free Cash Flow Margin	15.50%	19.02%	2.13%	24.42%	42.47%	35.00%
EBITDA	5,565	6,724	8,550	10,432	7,687	7,985
EBITDA Margin	43.29%	46.67%	50.66%	58.44%	49.45%	58.87%
D&A For EBITDA	1,131	1,165	1,030	998	1,155	899
EBIT	4,434	5,559	7,520	9,434	6,532	7,086
EBIT Margin	34.49%	38.58%	44.56%	52.85%	42.02%	52.24%
Effective Tax Rate	22.86%	18.79%	20.67%	24.89%	20.64%	20.71%
Revenue as Reported	12,854	14,409	16,876	17,852	15,545	13,563

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