Lundin Mining Corporation (TSX: LUN)

Lundin Mining Income Statement

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

Year Ending	TTM	Dec 31, 2023	Dec 31, 2022	Dec 31, 2021	Dec 31, 2020	Dec 31, 2019
Revenue	3,578	3,392	3,041	3,329	2,042	1,893
Revenue Growth (YoY)	27.71%	11.54%	-8.64%	63.05%	7.86%	9.69%
Cost of Revenue	2,235	2,086	1,724	1,436	1,096	1,066
Gross Profit	1,342	1,306	1,317	1,892	945.6	826.51
Selling, General & Admin	127.95	127.62	198.23	97.13	88.38	122.25
Depreciation & Amortization	717.84	653.6	554.75	522.76	447.47	386.12
Other Operating Expenses	24.3	23.17	14.34	9.11	10.36	9.73
Operating Expenses	870.1	804.38	767.33	629.01	546.22	518.09
Operating Income	472.14	501.59	550	1,263	399.38	308.42
Interest Expense	-110.41	-89.88	-48.25	-35.39	-42.75	-43.19
Interest & Investment Income	14.09	11.14	4.21	0.61	5.99	12.17
Net Interest Expenses	-96.33	-78.74	-44.04	-34.78	-36.77	-31.02
Income (Loss) On Equity Investments	-	-	-	24.9	3.3	6.24
Currency Exchange Gain (Loss)	58.31	118.8	146.72	-8.92	12.96	10.19
Other Non Operating Income (Expenses)	-16.2	-22.57	-78.83	-16.15	-35.81	-21.82
EBT Excluding Unusual Items	417.93	519.08	573.85	1,229	343.07	271.99
Merger & Restructuring Charges	5.2	5.2	-	-	-	-2.7
Gain (Loss) on Sale of Assets	-	5.72	18.83	-6.63	-0.88	-0.91
Gain (Loss) on Sale of Investments	3.84	1.85	5.48	7.09	-0.71	-1.5
Pretax Income	426.97	531.85	598.16	1,245	341.48	266.89
Income Tax Expense	218.47	216.6	134.63	365.69	152.42	77.71
Earnings From Continuing Operations	208.49	315.25	463.53	879.3	189.06	189.18
Net Income to Company	208.49	315.25	463.53	879.3	189.06	189.18
Minority Interest in Earnings	-99.67	-73.69	-36.68	-98.95	-20.26	-21.92
Net Income	108.83	241.56	426.85	780.35	168.8	167.26
Net Income to Common	108.83	241.56	426.85	780.35	168.8	167.26
Net Income Growth	-52.35%	-43.41%	-45.30%	362.30%	0.92%	-14.60%
Shares Outstanding (Basic)	773	773	763	737	734	735
Shares Outstanding (Diluted)	774	773	764	739	735	736
Shares Change (YoY)	0.26%	1.27%	3.29%	0.54%	-0.10%	0.34%
EPS (Basic)	0.14	0.31	0.56	1.06	0.23	0.23
EPS (Diluted)	0.14	0.31	0.56	1.06	0.23	0.23
EPS Growth	-52.38%	-44.62%	-47.15%	360.59%	1.09%	-15.02%
Free Cash Flow	33.36	3.5	33.99	952.86	134.65	-100.73
Free Cash Flow Per Share	0.04	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	4.65%	2.48%	12.20%	88.79%	35.72%	5.20%
Gross Margin	37.52%	38.50%	43.32%	56.85%	46.32%	43.67%
Operating Margin	13.20%	14.79%	18.08%	37.96%	19.56%	16.29%
Profit Margin	3.04%	7.12%	14.04%	23.44%	8.27%	8.84%
Free Cash Flow Margin	0.93%	0.10%	1.12%	28.62%	6.60%	-5.32%
EBITDA	1,046	1,018	974.8	1,644	691.31	571.62
EBITDA Margin	29.22%	30.01%	32.05%	49.39%	33.86%	30.20%
D&A For EBITDA	573.39	516.37	424.81	380.66	291.93	263.2
EBIT	472.14	501.59	550	1,263	399.38	308.42
EBIT Margin	13.20%	14.79%	18.08%	37.96%	19.56%	16.29%
Effective Tax Rate	51.17%	40.73%	22.51%	29.37%	44.64%	29.12%

Source: S&P Capital IQ. Standard template.