Lundin Mining Income Statement

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

Millions USD. Fiscal year is Jan - Dec.

Year Ending	TTM	Dec 31, 2023	Dec 31, 2022	Dec 31, 2021	Dec 31, 2020
Revenue	3,578	3,392	3,041	3,329	2,042
Revenue Growth (YoY)	-	11.54%	-8.64%	63.05%	-
Cost of Revenue	2,953	2,740	2,279	1,959	1,543
Gross Profit	624.4	652.37	762.57	1,370	498.12
Selling, General & Admin	68.37	66.72	53.88	52.2	44.17
Research & Development	6.23	10.96	107.6	8.2	18.03
Other Operating Expenses	72.45	67.9	51.09	45.84	36.55
Operating Expenses	147.05	145.58	212.58	106.24	98.75
Operating Income	477.34	506.79	550	1,263	399.38
Interest Income	14.09	11.14	4.21	0.61	5.99
Interest Expense	86.34	63.88	11.63	7.52	12.32
Other Expense / Income	48.02	104.59	98	13.79	-21.64
Pretax Income	426.97	531.85	598.16	1,245	341.48
Income Tax	218.47	216.6	134.63	365.69	152.42
Net Income	208.49	315.25	463.53	879.3	189.06
Net Income Growth	-	-31.99%	-47.28%	365.10%	-
Shares Outstanding (Basic)	773	773	763	737	734
Shares Outstanding (Diluted)	775	773	763	737	734
Shares Change	-	1.31%	3.49%	0.37%	-
EPS (Basic)	0.10	0.31	0.56	1.06	0.23
EPS (Diluted)	0.10	0.31	0.56	1.06	0.23
EPS Growth	-	-44.64%	-47.17%	360.87%	-
Free Cash Flow	33.36	3.5	33.99	952.86	134.65
Free Cash Flow Per Share	0.04	0.00	0.04	1.29	0.18
Gross Margin	17.45%	19.23%	25.07%	41.15%	24.40%
Operating Margin	13.34%	14.94%	18.08%	37.96%	19.56%
Profit Margin	5.83%	9.29%	15.24%	26.42%	9.26%
Free Cash Flow Margin	0.93%	0.10%	1.12%	28.62%	6.60%
Effective Tax Rate	51.17%	40.73%	22.51%	29.37%	44.64%
EBITDA	1,179	1,133	997.78	1,772	811.71
EBITDA Margin	32.95%	33.40%	32.81%	53.22%	39.76%
Depreciation & Amortization	717.84	653.6	554.75	522.76	447.47
EBIT	460.91	479.51	443.03	1,249	364.23
EBIT Margin	12.88%	14.14%	14.57%	37.52%	17.84%