Lundin Mining Corporation (LUNMF)

Lundin Mining 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	Sep 30, 2024	Dec 31, 2023	Dec 31, 2022	Dec 31, 2021	Dec 31, 2020	Dec 31, 2019
Revenue	4,154	3,392	3,041	3,329	2,042	1,893
Revenue Growth (YoY)	32.13%	11.54%	-8.64%	63.05%	7.86%	9.69%
Cost of Revenue	2,403	2,086	1,724	1,436	1,096	1,066
Gross Profit	1,751	1,306	1,317	1,892	945.6	826.51
Selling, General & Admin	67.55	72.87	54.18	52.97	46.1	50.8
Other Operating Expenses	25.74	23.17	14.34	9.11	10.36	9.73
Operating Expenses	942.33	793.98	767.33	629.01	546.22	518.09
Operating Income	808.53	511.99	550	1,263	399.38	308.42
Interest Expense	-137.4	-89.88	-48.25	-35.39	-42.75	-43.19
Interest & Investment Income	18.58	11.14	4.21	0.61	5.99	12.17
Earnings From Equity Investments	-	-	-	24.9	3.3	6.24
Currency Exchange Gain (Loss)	72.4	118.8	146.72	-8.92	12.96	10.19
Other Non Operating Income (Expenses)	-6.02	-22.57	-78.83	-16.15	-35.81	-21.82
EBT Excluding Unusual Items	756.1	529.48	573.85	1,229	343.07	271.99
Merger & Restructuring Charges	-5.2	-5.2	-	-	-	-2.7
Gain (Loss) on Sale of Investments	7.87	1.85	5.48	7.09	-0.71	-1.5
Gain (Loss) on Sale of Assets	-	5.72	18.83	-6.63	-0.88	-0.91
Asset Writedown	-17.97	-	-	-	-	-
Other Unusual Items	-24.64	-	-	-	-	-
Pretax Income	716.15	531.85	598.16	1,245	341.48	266.89
Income Tax Expense	306.28	216.6	134.63	365.69	152.42	77.71
Earnings From Continuing Operations	409.87	315.25	463.53	879.3	189.06	189.18
Net Income to Company	409.87	315.25	463.53	879.3	189.06	189.18
Minority Interest in Earnings	-134.44	-73.69	-36.68	-98.95	-20.26	-21.92
Net Income	275.43	241.56	426.85	780.35	168.8	167.26
Net Income to Common	275.43	241.56	426.85	780.35	168.8	167.26
Net Income Growth	-20.93%	-43.41%	-45.30%	362.30%	0.92%	-14.60%
Shares Outstanding (Basic)	774	773	763	737	734	735
Shares Outstanding (Diluted)	776	773	764	739	735	736
Shares Change (YoY)	0.48%	1.27%	3.29%	0.54%	-0.10%	0.34%
EPS (Basic)	0.36	0.31	0.56	1.06	0.23	0.23
EPS (Diluted)	0.35	0.31	0.56	1.06	0.23	0.23
EPS Growth	-22.04%	-44.62%	-47.15%	360.59%	1.09%	-15.02%
Free Cash Flow	224.99	3.5	33.99	952.86	134.65	-100.73
Free Cash Flow Per Share	0.29	0.00	0.04	1.29	0.18	-0.14
Dividend Per Share	0.273	0.273	0.266	0.237	0.126	0.093
Dividend Growth	1.46%	2.48%	12.20%	88.79%	35.72%	5.20%
Gross Margin	42.15%	38.50%	43.32%	56.85%	46.32%	43.67%
Operating Margin	19.47%	15.09%	18.08%	37.96%	19.56%	16.29%
Profit Margin	6.63%	7.12%	14.04%	23.44%	8.27%	8.84%
Free Cash Flow Margin	5.42%	0.10%	1.12%	28.62%	6.60%	-5.32%
EBITDA	1,405	1,028	974.8	1,644	691.31	571.62
EBITDA Margin	33.84%	30.32%	32.05%	49.39%	33.86%	30.20%
D&A For EBITDA	596.88	516.37	424.81	380.66	291.93	263.2
EBIT	808.53	511.99	550	1,263	399.38	308.42
EBIT Margin	19.47%	15.09%	18.08%	37.96%	19.56%	16.29%
Effective Tax Rate	42.77%	40.73%	22.51%	29.37%	44.64%	29.12%

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