Rio Tinto Group (RIO)

Rio Tinto Group 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	54,176	54,041	55,554	63,495	44,611	43,165
Revenue Growth (YoY)	3.30%	-2.72%	-12.51%	42.33%	3.35%	6.52%
Cost of Revenue	37,304	36,743	34,255	32,154	25,910	26,965
Gross Profit	16,872	17,298	21,299	31,341	18,701	16,200
Selling, General & Admin	309	309	515	536	344	342
Other Operating Expenses	971	1,031	1,943	649	500	452
Operating Expenses	2,149	2,431	3,204	1,904	1,468	1,418
Operating Income	14,723	14,867	18,095	29,437	17,233	14,782
Interest Expense	-825	-980	-346	-178	-271	-550
Interest & Investment Income	31	4	3	2	4	4
Earnings From Equity Investments	666	675	777	1,042	652	301
Currency Exchange Gain (Loss)	-311	-251	253	802	-1,124	58
Other Non Operating Income (Expenses)	545	545	187	66	140	292
EBT Excluding Unusual Items	14,829	14,860	18,969	31,171	16,634	14,887
Gain (Loss) on Sale of Investments	-	-	-202	-	-339	-
Gain (Loss) on Sale of Assets	-	-	-105	-	-	-281
Asset Writedown	141	-1,075	-	-269	-904	-3,487
Other Unusual Items	-	-	-	-69	-	-
Pretax Income	14,970	13,785	18,662	30,833	15,391	11,119
Income Tax Expense	4,074	3,832	5,614	8,236	4,991	4,147
Earnings From Continuing Operations	10,896	9,953	13,048	22,597	10,400	6,972
Minority Interest in Earnings	-147	105	-656	-1,482	-631	1,038
Net Income	10,749	10,058	12,392	21,115	9,769	8,010
Net Income to Common	10,749	10,058	12,392	21,115	9,769	8,010
Net Income Growth	25.48%	-18.83%	-41.31%	116.14%	21.96%	-41.27%
Shares Outstanding (Basic)	1,622	1,621	1,620	1,618	1,617	1,630
Shares Outstanding (Diluted)	1,633	1,632	1,630	1,629	1,629	1,642
Shares Change (YoY)	0.15%	0.12%	0.04%	0.02%	-0.82%	-5.17%
EPS (Basic)	6.63	6.20	7.65	13.05	6.04	4.91
EPS (Diluted)	6.58	6.17	7.60	12.96	6.00	4.88
EPS Growth	25.31%	-18.92%	-41.34%	116.12%	22.96%	-38.07%
Free Cash Flow	7,138	8,074	9,384	17,961	9,686	9,424
Free Cash Flow Per Share	4.37	4.95	5.76	11.03	5.95	5.74
Dividend Per Share	4.349	4.349	4.904	7.823	4.664	3.984
Dividend Growth	8.63%	-11.31%	-37.32%	67.74%	17.07%	34.28%
Gross Margin	31.14%	32.01%	38.34%	49.36%	41.92%	37.53%
Operating Margin	27.18%	27.51%	32.57%	46.36%	38.63%	34.25%
Profit Margin	19.84%	18.61%	22.31%	33.25%	21.90%	18.56%
Free Cash Flow Margin	13.18%	14.94%	16.89%	28.29%	21.71%	21.83%
EBITDA	19,645	19,453	22,353	33,933	21,512	19,027
EBITDA Margin	36.26%	36.00%	40.24%	53.44%	48.22%	44.08%
D&A For EBITDA	4,922	4,586	4,258	4,496	4,279	4,245
EBIT	14,723	14,867	18,095	29,437	17,233	14,782
EBIT Margin	27.18%	27.51%	32.57%	46.36%	38.63%	34.25%
Effective Tax Rate	27.21%	27.80%	30.08%	26.71%	32.43%	37.30%

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