Lundin Mining Corporation (STO: LUMI)

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	Jun 30, 2024	Dec 31, 2023	Dec 31, 2022	Dec 31, 2021	Dec 31, 2020	Dec 31, 2019
Revenue	4,073	3,392	3,041	3,329	2,042	1,893
Revenue Growth (YoY)	45.47%	11.54%	-8.64%	63.05%	7.86%	9.69%
Cost of Revenue	2,437	2,086	1,724	1,436	1,096	1,066
Gross Profit	1,636	1,306	1,317	1,892	945.6	826.51
Selling, General & Admin	72.76	72.87	54.18	52.97	46.1	50.8
Other Operating Expenses	25.45	23.17	14.34	9.11	10.36	9.73
Operating Expenses	931.08	793.98	767.33	629.01	546.22	518.09
Operating Income	704.98	511.99	550	1,263	399.38	308.42
Interest Expense	-132.09	-89.88	-48.25	-35.39	-42.75	-43.19
Interest & Investment Income	18.11	11.14	4.21	0.61	5.99	12.17
Earnings From Equity Investments	-	-	-	24.9	3.3	6.24
Currency Exchange Gain (Loss)	105.89	118.8	146.72	-8.92	12.96	10.19
Other Non Operating Income (Expenses)	-71.98	-22.57	-78.83	-16.15	-35.81	-21.82
EBT Excluding Unusual Items	624.91	529.48	573.85	1,229	343.07	271.99
Merger & Restructuring Charges	-0.2	-5.2	-	-	-	-2.7
Gain (Loss) on Sale of Investments	0.46	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	-17.19	-	-	-	-	-
Other Unusual Items	-9.82	-	-	-	-	-
Pretax Income	598.16	531.85	598.16	1,245	341.48	266.89
Income Tax Expense	294.24	216.6	134.63	365.69	152.42	77.71
Earnings From Continuing Operations	303.92	315.25	463.53	879.3	189.06	189.18
Net Income to Company	303.92	315.25	463.53	879.3	189.06	189.18
Minority Interest in Earnings	-132.62	-73.69	-36.68	-98.95	-20.26	-21.92
Net Income	171.31	241.56	426.85	780.35	168.8	167.26
Net Income to Common	171.31	241.56	426.85	780.35	168.8	167.26
Net Income Growth	-49.63%	-43.41%	-45.30%	362.30%	0.92%	-14.60%
Shares Outstanding (Basic)	774	773	763	737	734	735
Shares Outstanding (Diluted)	775	773	764	739	735	736
Shares Change (YoY)	0.26%	1.27%	3.29%	0.54%	-0.10%	0.34%
EPS (Basic)	0.22	0.31	0.56	1.06	0.23	0.23
EPS (Diluted)	0.21	0.31	0.56	1.06	0.23	0.23
EPS Growth	-52.19%	-44.62%	-47.15%	360.59%	1.09%	-15.02%
Free Cash Flow	351.74	3.5	33.99	952.86	134.65	-100.73
Free Cash Flow Per Share	0.45	0.00	0.04	1.29	0.18	-0.14
Dividend Per Share	0.268	0.273	0.266	0.237	0.126	0.093
Dividend Growth	2.29%	2.48%	12.20%	88.79%	35.72%	5.20%
Gross Margin	40.17%	38.50%	43.32%	56.85%	46.32%	43.67%
Operating Margin	17.31%	15.09%	18.08%	37.96%	19.56%	16.29%
Profit Margin	4.21%	7.12%	14.04%	23.44%	8.27%	8.84%
Free Cash Flow Margin	8.64%	0.10%	1.12%	28.62%	6.60%	-5.32%
EBITDA	1,311	1,028	974.8	1,644	691.31	571.62
EBITDA Margin	32.18%	30.32%	32.05%	49.39%	33.86%	30.20%
D&A For EBITDA	605.7	516.37	424.81	380.66	291.93	263.2
EBIT	704.98	511.99	550	1,263	399.38	308.42
EBIT Margin	17.31%	15.09%	18.08%	37.96%	19.56%	16.29%
Effective Tax Rate	49.19%	40.73%	22.51%	29.37%	44.64%	29.12%

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