Fortuna Silver Mines (FSM) Financial Statements
Price: $6.24
Market Cap: $1.91B
Avg Volume: 14.53M
Market Cap: $1.91B
Avg Volume: 14.53M
Country: CA
Industry: Silver
Sector: Basic Materials
Industry: Silver
Sector: Basic Materials
Overview of Financial Statements
Financial statements are records that provide an overview of a company's financial performance and position. There are three main types of financial statements:
- Income Statement: Shows the company's revenue, expenses, and profit over a specific period.
- Balance Sheet: Provides a snapshot of the company's assets, liabilities, and equity at a specific point in time.
- Cash Flow Statement: Details the cash inflows and outflows from operating, investing, and financing activities over a period.
This page presents both annual and quarterly data for these financial statements. The charts below provide a visual representation of the key metrics from each statement, helping you to quickly understand the financial health of Fortuna Silver Mines.
Income Statement
| Breakdown | December 31, 2024 | December 31, 2023 | December 31, 2022 | December 31, 2021 | December 31, 2020 | December 31, 2019 | December 31, 2018 | December 31, 2017 | December 31, 2016 | December 31, 2015 |
|---|---|---|---|---|---|---|---|---|---|---|
| Revenue | $1.06B | $842.43M | $681.49M | $599.85M | $278.97M | $257.19M | $263.30M | $268.11M | $210.25M | $154.73M |
| Cost of Revenue | $718.43M | $652.40M | $534.70M | $394.38M | $168.75M | $172.61M | $166.72M | $158.55M | $129.65M | $111.08M |
| Gross Profit | $343.61M | $190.03M | $146.80M | $205.48M | $110.22M | $84.58M | $96.57M | $109.56M | $80.61M | $43.65M |
| Gross Profit Ratio | 32.35% | 22.56% | 21.54% | 34.30% | 39.51% | 32.89% | 36.68% | 40.86% | 38.34% | 28.21% |
| Research and Development Expenses | $- | $- | $- | $- | $- | $- | $- | $- | $- | $- |
| General and Administrative Expenses | $76.08M | $64.07M | $61.46M | $45.36M | $35.09M | $29.80M | $26.19M | $24.91M | $31.12M | $17.43M |
| Selling and Marketing Expenses | $1.70M | $- | $- | $- | $- | $- | $- | $- | $- | $- |
| Selling General and Administrative Expenses | $77.78M | $64.07M | $61.46M | $45.36M | $35.09M | $29.80M | $26.19M | $24.91M | $31.12M | $17.43M |
| Other Expenses | $37.78M | $126.36M | $1.23M | $1.67M | $888.00K | $2.69M | $1.43M | $1.26M | $839.00K | $668.00K |
| Operating Expenses | $115.56M | $190.43M | $62.68M | $47.03M | $35.97M | $32.50M | $27.62M | $26.17M | $31.96M | $18.10M |
| Cost and Expenses | $833.99M | $842.84M | $597.38M | $441.41M | $204.72M | $205.11M | $194.34M | $184.72M | $161.60M | $129.18M |
| Interest Income | $- | $3.35M | $1.85M | $1.85M | $1.22M | $1.84M | $3.43M | $1.95M | $328.00K | $381.00K |
| Interest Expense | $- | $22.15M | $13.71M | $14.04M | $2.26M | $1.45M | $1.92M | $1.67M | $2.15M | $1.57M |
| Depreciation and Amortization | $238.00M | $219.69M | $168.23M | $124.96M | $48.60M | $47.68M | $43.28M | $44.76M | $33.28M | $25.74M |
| EBITDA | $474.26M | $230.79M | $59.17M | $277.76M | $106.62M | $94.20M | $114.04M | $149.80M | $81.95M | $22.36M |
| EBITDA Ratio | 44.66% | 27.40% | 37.93% | 46.31% | 43.17% | 38.60% | 44.31% | 47.62% | 39.00% | 33.27% |
| Operating Income | $228.05M | $-407.00K | $85.69M | $136.88M | $57.24M | $53.28M | $61.59M | $110.33M | $48.54M | $-1.84M |
| Operating Income Ratio | 21.47% | -0.05% | 12.57% | 22.82% | 20.52% | 20.72% | 23.39% | 41.15% | 23.09% | -1.19% |
| Total Other Income Expenses Net | $-15.84M | $-10.64M | $-11.56M | $-29.70M | $1.72M | $-9.31M | $5.75M | $-5.38M | $-1.43M | $-1.38M |
| Income Before Tax | $212.21M | $-11.05M | $-125.11M | $107.18M | $58.95M | $43.97M | $67.34M | $104.95M | $47.11M | $-3.22M |
| Income Before Tax Ratio | 19.98% | -1.31% | -18.36% | 17.87% | 21.13% | 17.10% | 25.58% | 39.14% | 22.41% | -2.08% |
| Income Tax Expense | $70.30M | $32.58M | $10.80M | $47.78M | $37.40M | $20.18M | $33.35M | $38.65M | $29.25M | $7.39M |
| Net Income | $128.74M | $-50.84M | $-135.91M | $57.88M | $21.55M | $23.80M | $33.99M | $66.31M | $17.86M | $-10.61M |
| Net Income Ratio | 12.12% | -6.03% | -19.94% | 9.65% | 7.73% | 9.25% | 12.91% | 24.73% | 8.49% | -6.86% |
| EPS | $0.41 | $-0.17 | $-0.47 | $0.24 | $0.13 | $0.15 | $0.21 | $0.42 | $0.13 | $-0.08 |
| EPS Diluted | $0.41 | $-0.17 | $-0.47 | $0.23 | $0.12 | $0.15 | $0.21 | $0.42 | $0.13 | $-0.08 |
| Weighted Average Shares Outstanding | 313.99M | 295.07M | 291.28M | 238.00M | 174.99M | 160.19M | 159.78M | 158.04M | 136.89M | 129.00M |
| Weighted Average Shares Outstanding Diluted | 310.75M | 295.07M | 291.28M | 249.44M | 186.07M | 164.53M | 161.64M | 158.31M | 138.05M | 129.00M |
| SEC Filing | Source | Source | Source | Source | Source | Source | Source | Source | Source | Source |
Balance Sheet
| Breakdown | December 31, 2024 | December 31, 2023 | December 31, 2022 | December 31, 2021 | December 31, 2020 | December 31, 2019 | December 31, 2018 | December 31, 2017 | December 31, 2016 | December 31, 2015 |
|---|---|---|---|---|---|---|---|---|---|---|
| Cash and Cash Equivalents | $231.33M | $128.15M | $80.49M | $107.10M | $131.90M | $83.40M | $90.50M | $183.07M | $82.48M | $72.22M |
| Short Term Investments | $- | $- | $78.00K | $416.00K | $1.06M | $- | $72.82M | $30.06M | $42.68M | $36.03M |
| Cash and Short Term Investments | $231.33M | $128.15M | $80.57M | $107.51M | $132.96M | $83.40M | $163.33M | $213.13M | $125.16M | $108.25M |
| Net Receivables | $26.70M | $74.64M | $23.98M | $25.72M | $76.56M | $50.26M | $28.13M | $34.25M | $23.18M | $7.85M |
| Inventory | $134.50M | $115.83M | $92.03M | $85.82M | $35.27M | $14.47M | $14.39M | $17.75M | $13.57M | $10.43M |
| Other Current Assets | $93.72M | $14.71M | $56.21M | $62.03M | $3.28M | $4.01M | $13.07M | $7.18M | $4.99M | $1.51M |
| Total Current Assets | $486.24M | $333.32M | $252.71M | $281.08M | $248.07M | $152.15M | $218.92M | $272.45M | $166.91M | $128.04M |
| Property Plant Equipment Net | $1.54B | $1.57B | $1.57B | $1.71B | $791.13M | $732.03M | $505.00M | $430.28M | $394.40M | $242.40M |
| Goodwill | $- | $- | $- | $- | $- | $- | $- | $- | $- | $- |
| Intangible Assets | $- | $- | $- | $- | $- | $- | $- | $- | $- | $- |
| Goodwill and Intangible Assets | $- | $- | $- | $-2.18M | $- | $- | $- | $- | $-119.00K | $-28.00K |
| Long Term Investments | $- | $905.34K | $3.97M | $2.18M | $14.30M | $1.33M | $4.28M | $2.69M | $119.00K | $28.00K |
| Tax Assets | $- | $- | $- | $22.00K | $- | $- | $- | $- | $471.00K | $492.00K |
| Other Non-Current Assets | $90.10M | $59.42M | $51.92M | $28.46M | $1.84M | $50.56M | $58.32M | $1.22M | $1.13M | $8.72M |
| Total Non-Current Assets | $1.63B | $1.63B | $1.62B | $1.74B | $807.27M | $783.92M | $567.60M | $434.19M | $396.00M | $251.61M |
| Other Assets | $- | $- | $1.00K | $- | $- | $- | $- | $- | $- | $- |
| Total Assets | $2.12B | $1.97B | $1.88B | $2.02B | $1.06B | $936.07M | $786.52M | $706.65M | $562.91M | $379.65M |
| Account Payables | $91.18M | $100.39M | $72.57M | $82.53M | $31.57M | $40.97M | $14.10M | $13.72M | $15.25M | $18.18M |
| Short Term Debt | $19.76M | $58.84M | $9.42M | $10.52M | $8.06M | $9.72M | $3.40M | $906.00K | $2.13M | $772.00K |
| Tax Payables | $- | $31.62M | $11.59M | $20.56M | $24.33M | $12.62M | $8.36M | $15.52M | $16.31M | $3.60M |
| Deferred Revenue | $- | $- | $- | $70.64M | $58.59M | $39.08M | $33.49M | $43.79M | $40.48M | $14.85M |
| Other Current Liabilities | $145.09M | $52.92M | $41.50M | $53.15M | $32.48M | $26.45M | $35.48M | $30.46M | $24.42M | $11.60M |
| Total Current Liabilities | $256.03M | $243.77M | $135.08M | $166.77M | $96.44M | $89.77M | $61.33M | $60.60M | $58.11M | $34.15M |
| Long Term Debt | $174.25M | $205.41M | $231.10M | $176.37M | $171.13M | $161.58M | $74.67M | $39.87M | $40.67M | $40.60M |
| Deferred Revenue Non-Current | $- | $- | $- | $54.23M | $42.23M | $27.87M | $-78.50M | $12.58M | $13.96M | $15.06M |
| Deferred Tax Liabilities Non-Current | $- | $159.85M | $167.62M | $191.67M | $19.50M | $20.91M | $31.44M | $28.66M | $25.34M | $25.18M |
| Other Non-Current Liabilities | $219.18M | $70.71M | $53.72M | $194.98M | $259.00K | $499.00K | $47.71M | $30.01M | $1.68M | $25.67M |
| Total Non-Current Liabilities | $393.43M | $435.97M | $452.45M | $425.58M | $233.13M | $210.87M | $122.39M | $82.46M | $81.65M | $81.33M |
| Other Liabilities | $- | $- | $- | $- | $- | $- | $- | $- | $- | $- |
| Total Liabilities | $649.46M | $679.74M | $587.53M | $592.35M | $329.57M | $300.64M | $183.71M | $143.06M | $139.76M | $115.49M |
| Preferred Stock | $- | $- | $- | $- | $- | $- | $- | $- | $- | $- |
| Common Stock | $1.13B | $1.13B | $1.08B | $1.08B | $492.31M | $422.14M | $420.47M | $418.17M | $343.96M | $203.95M |
| Retained Earnings | $216.38M | $87.65M | $138.49M | $266.62M | $208.74M | $187.19M | $163.39M | $129.40M | $63.10M | $45.24M |
| Accumulated Other Comprehensive Income Loss | $57.77M | $25.21M | $29.93M | $28.79M | $24.72M | $26.09M | $18.95M | $16.02M | $16.09M | $14.98M |
| Other Total Stockholders Equity | $1 | $129.66K | $- | $- | $- | $- | $- | $- | $- | $- |
| Total Stockholders Equity | $1.40B | $1.24B | $1.24B | $1.38B | $725.77M | $635.43M | $602.80M | $563.58M | $423.15M | $264.17M |
| Total Equity | $1.47B | $1.29B | $1.29B | $1.43B | $725.77M | $635.43M | $602.80M | $563.58M | $423.15M | $264.17M |
| Total Liabilities and Stockholders Equity | $2.12B | $1.97B | $1.88B | $2.02B | $1.06B | $936.07M | $786.52M | $706.65M | $562.91M | $379.65M |
| Minority Interest | $62.21M | $49.50M | $43.94M | $54.42M | $- | $- | $- | $- | $- | $- |
| Total Liabilities and Total Equity | $2.12B | $1.97B | $1.88B | $2.02B | $1.06B | $936.07M | $786.52M | $706.65M | $562.91M | $379.65M |
| Total Investments | $- | $905.34K | $78.00K | $416.00K | $1.06M | $1.33M | $77.10M | $32.75M | $42.68M | $36.03M |
| Total Debt | $194.01M | $264.25M | $240.52M | $186.89M | $178.11M | $170.41M | $78.07M | $40.78M | $42.80M | $41.37M |
| Net Debt | $-37.32M | $136.10M | $160.03M | $79.80M | $46.22M | $87.01M | $-12.44M | $-142.30M | $-39.68M | $-30.85M |
Cash Flow Statement
| Breakdown | December 31, 2024 | December 31, 2023 | December 31, 2022 | December 31, 2021 | December 31, 2020 | December 31, 2019 | December 31, 2018 | December 31, 2017 | December 31, 2016 | December 31, 2015 |
|---|---|---|---|---|---|---|---|---|---|---|
| Net Income | $128.74M | $-51.77M | $-135.91M | $59.40M | $21.55M | $23.80M | $33.99M | $66.31M | $17.86M | $-10.61M |
| Depreciation and Amortization | $253.50M | $226.76M | $172.81M | $67.08M | $30.19M | $23.73M | $12.39M | $-17.73M | $14.14M | $32.77M |
| Deferred Income Tax | $- | $-10.24M | $10.80M | $47.78M | $37.40M | $20.18M | $33.35M | $38.65M | $29.25M | $7.39M |
| Stock Based Compensation | $11.69M | $2.02M | $-1.00K | $-3.08M | $12.28M | $4.57M | $-2.05M | $-36.00K | $468.00K | $761.00K |
| Change in Working Capital | $-68.17M | $-9.92M | $-18.02M | $-39.31M | $-9.12M | $-10.70M | $4.95M | $-17.68M | $-9.60M | $24.18M |
| Accounts Receivables | $-46.37M | $-17.42M | $7.03M | $-16.75M | $10.26M | $-14.31M | $3.64M | $-11.78M | $-18.52M | $13.23M |
| Inventory | $-24.45M | $-21.41M | $-20.41M | $-23.82M | $-25.66M | $-1.04M | $1.79M | $-4.74M | $-2.92M | $3.32M |
| Accounts Payables | $- | $32.22M | $-3.15M | $3.52M | $6.12M | $3.02M | $696.00K | $542.00K | $4.86M | $8.11M |
| Other Working Capital | $2.65M | $-3.30M | $-1.48M | $-2.27M | $161.00K | $1.62M | $-1.18M | $-1.69M | $6.98M | $-481.00K |
| Other Non Cash Items | $39.93M | $145.50M | $164.57M | $15.27M | $1.07M | $1.44M | $830.00K | $698.00K | $579.00K | $274.00K |
| Net Cash Provided by Operating Activities | $365.68M | $302.35M | $194.25M | $147.14M | $93.39M | $63.01M | $83.45M | $70.20M | $52.70M | $54.77M |
| Investments in Property Plant and Equipment | $-203.78M | $-217.31M | $-251.24M | $-152.29M | $-114.33M | $-224.13M | $-97.90M | $-47.06M | $-40.23M | $-57.13M |
| Acquisitions Net | $- | $-13.57M | $- | $40.29M | $-9.43M | $-6.00M | $-1.15M | $48.69K | $-4.88M | $13.00K |
| Purchases of Investments | $- | $-9.53M | $-1.84M | $- | $-7.27M | $-45.15M | $-237.79M | $-152.91M | $-48.08M | $-95.45M |
| Sales Maturities of Investments | $- | $21.75M | $- | $14.00K | $10.57M | $128.32M | $191.63M | $160.64M | $41.84M | $92.93M |
| Other Investing Activities | $9.34M | $-2.21M | $-2.26M | $-6.51M | $6.80M | $1.75M | $-59.85M | $47.00K | $10.00K | $-6.75M |
| Net Cash Used for Investing Activities | $-194.44M | $-220.86M | $-255.33M | $-118.50M | $-113.65M | $-145.21M | $-205.05M | $-39.29M | $-51.33M | $-66.39M |
| Debt Repayment | $-22.84M | $-31.62M | $47.79M | $-44.22M | $2.25M | $77.61M | $29.09M | $-2.13M | $-1.22M | $39.32M |
| Common Stock Issued | $- | $306.52K | $- | $313.00K | $70.01M | $- | $959.00K | $76.69M | $10.03M | $2.03M |
| Common Stock Repurchased | $-34.13M | $- | $-5.93M | $- | $- | $- | $- | $- | $- | $- |
| Dividends Paid | $- | $- | $- | $- | $- | $- | $- | $- | $- | $- |
| Other Financing Activities | $-9.17M | $-1.40M | $-3.40M | $-7.52M | $-3.36M | $-2.49M | $-1.34M | $-5.02M | $- | $- |
| Net Cash Used Provided by Financing Activities | $-66.14M | $-32.72M | $38.47M | $-51.42M | $68.91M | $75.12M | $28.71M | $69.54M | $8.81M | $41.34M |
| Effect of Forex Changes on Cash | $-1.92M | $346.00K | $-3.99M | $-2.02M | $-148.00K | $-15.00K | $313.00K | $137.00K | $89.00K | $-370.00K |
| Net Change in Cash | $103.18M | $47.66M | $-26.60M | $-24.80M | $48.49M | $-7.10M | $-92.57M | $100.59M | $10.27M | $29.35M |
| Cash at End of Period | $231.33M | $128.15M | $80.49M | $107.10M | $131.90M | $83.40M | $90.50M | $183.07M | $82.48M | $72.22M |
| Cash at Beginning of Period | $128.15M | $80.49M | $107.10M | $131.90M | $83.40M | $90.50M | $183.07M | $82.48M | $72.22M | $42.87M |
| Operating Cash Flow | $365.68M | $296.91M | $194.25M | $147.14M | $93.39M | $63.01M | $83.45M | $70.20M | $52.70M | $54.77M |
| Capital Expenditure | $-203.78M | $-217.31M | $-251.24M | $-152.29M | $-114.33M | $-224.13M | $-97.90M | $-47.06M | $-40.23M | $-57.13M |
| Free Cash Flow | $161.90M | $79.59M | $-56.99M | $-5.15M | $-20.94M | $-161.13M | $-14.44M | $23.14M | $12.47M | $-2.36M |