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 i-80 Gold.
Income Statement
| Breakdown | December 31, 2023 | December 31, 2022 | December 31, 2021 | December 31, 2020 | December 31, 2019 | December 31, 2018 | December 31, 2017 |
|---|---|---|---|---|---|---|---|
| Revenue | $54.91M | $36.96M | $- | $- | $10.46M | $27.92M | $86.64M |
| Cost of Revenue | $63.16M | $33.39M | $662.12K | $295.84K | $5.50M | $9.55M | $22.90M |
| Gross Profit | $-8.26M | $3.57M | $-662.12K | $-295.84K | $4.96M | $18.37M | $63.74M |
| Gross Profit Ratio | -15.03% | 9.66% | 0.00% | 0.00% | 47.41% | 65.80% | 73.57% |
| Research and Development Expenses | $- | $- | $- | $- | $- | $- | $- |
| General and Administrative Expenses | $21.63M | $23.24M | $13.14M | $1.13M | $1.78M | $1.57M | $1.62M |
| Selling and Marketing Expenses | $- | $- | $- | $4.87M | $6.38M | $8.73M | $15.44M |
| Selling General and Administrative Expenses | $21.63M | $23.24M | $13.14M | $5.99M | $8.16M | $10.30M | $17.06M |
| Other Expenses | $- | $42.19M | $10.86M | $-330.59K | $- | $- | $- |
| Operating Expenses | $60.55M | $65.43M | $24.00M | $6.33M | $8.50M | $9.99M | $56.74M |
| Cost and Expenses | $123.71M | $98.82M | $24.00M | $6.62M | $14.00M | $19.54M | $79.64M |
| Interest Income | $533.35K | $17.49M | $1.51M | $4.59M | $4.56M | $4.60M | $4.75M |
| Interest Expense | $29.62M | $17.13M | $1.18M | $4.83M | $- | $- | $- |
| Depreciation and Amortization | $11.88M | $8.81M | $662.12K | $295.84K | $653.00K | $777.00K | $3.97M |
| EBITDA | $-32.83M | $-61.82M | $97.65M | $-6.33M | $-3.24M | $2.37M | $16.93M |
| EBITDA Ratio | -59.78% | -169.07% | 0.00% | 0.00% | -30.93% | 8.48% | 19.55% |
| Operating Income | $-68.80M | $-68.67M | $111.03M | $-6.62M | $-3.89M | $1.59M | $12.97M |
| Operating Income Ratio | -125.30% | -185.80% | 0.00% | 0.00% | -37.17% | 5.70% | 14.97% |
| Total Other Income Expenses Net | $-4.19M | $-36.70M | $120.68M | $-6.92M | $-4.21M | $-4.29M | $-10.72M |
| Income Before Tax | $-72.99M | $-91.03M | $96.67M | $-13.15M | $-8.10M | $3.78M | $2.25M |
| Income Before Tax Ratio | -132.92% | -246.31% | 0.00% | 0.00% | -77.39% | 13.54% | 2.59% |
| Income Tax Expense | $-7.79M | $-11.83M | $20.05M | $-10.23M | $- | $614.00K | $2.50M |
| Net Income | $-65.20M | $-79.20M | $88.22M | $-2.92M | $-8.10M | $3.17M | $-251.00K |
| Net Income Ratio | -118.73% | -214.29% | 0.00% | 0.00% | -77.39% | 11.34% | -0.29% |
| EPS | $-0.24 | $-0.33 | $0.37 | $-0.02 | $0.00 | $0.00 | $0.00 |
| EPS Diluted | $-0.24 | $-0.33 | $0.37 | $-0.02 | $0.00 | $0.00 | $0.00 |
| Weighted Average Shares Outstanding | 274.06M | 240.10M | 238.70M | 182.16M | - | - | - |
| Weighted Average Shares Outstanding Diluted | 274.06M | 240.10M | 238.70M | 182.16M | - | - | - |
| SEC Filing | Source | Source | Source | Source | Source | Source | Source |
Balance Sheet
| Breakdown | December 31, 2023 | December 31, 2022 | December 31, 2021 | December 31, 2020 | December 31, 2019 | December 31, 2018 | December 31, 2017 |
|---|---|---|---|---|---|---|---|
| Cash and Cash Equivalents | $16.28M | $48.28M | $87.66M | $1 | $26.21M | $6.92M | $5.25M |
| Short Term Investments | $- | $2.19M | $2.65M | $- | $- | $- | $- |
| Cash and Short Term Investments | $16.28M | $48.28M | $87.66M | $1 | $26.21M | $6.92M | $5.25M |
| Net Receivables | $4.32M | $623.00K | $393.00K | $- | $27.51M | $55.51M | $86.64M |
| Inventory | $11.39M | $16.54M | $26.00M | $4.42M | $4.24M | $198.00K | $3.90M |
| Other Current Assets | $7.83M | $11.88M | $4.79M | $- | $938.00K | $5.18M | $4.41M |
| Total Current Assets | $39.81M | $77.31M | $121.50M | $1 | $58.91M | $67.81M | $100.21M |
| Property Plant Equipment Net | $635.36M | $529.26M | $502.65M | $100.16M | $94.72M | $63.26M | $54.09M |
| Goodwill | $- | $- | $- | $- | $- | $- | $- |
| Intangible Assets | $- | $- | $- | $- | $- | $- | $- |
| Goodwill and Intangible Assets | $- | $- | $- | $- | $- | $- | $- |
| Long Term Investments | $44.26M | $32.89M | $32.16M | $5.49M | $- | $- | $- |
| Tax Assets | $- | $- | $- | $- | $- | $- | $- |
| Other Non-Current Assets | $4.26M | $2.50M | $43.59K | $3.12M | $8.62M | $8.82M | $11.14M |
| Total Non-Current Assets | $683.88M | $564.65M | $534.85M | $108.77M | $103.35M | $72.09M | $65.23M |
| Other Assets | $- | $- | $- | $-108.77M | $- | $- | $- |
| Total Assets | $723.69M | $641.96M | $656.35M | $1 | $162.25M | $139.90M | $165.44M |
| Account Payables | $12.85M | $10.62M | $8.53M | $113.00K | $20.06M | $3.02M | $1.43M |
| Short Term Debt | $31.94M | $21.29M | $58.00K | $69.54M | $- | $- | $46.00K |
| Tax Payables | $- | $- | $- | $952.00K | $- | $- | $- |
| Deferred Revenue | $543.00K | $- | $5.53M | $952.00K | $- | $- | $- |
| Other Current Liabilities | $16.06M | $53.74M | $21.33M | $78.95M | $78.43M | $64.59M | $96.36M |
| Total Current Liabilities | $60.85M | $85.65M | $29.92M | $151.46M | $98.49M | $67.61M | $97.83M |
| Long Term Debt | $148.34M | $94.90M | $41.97M | $105.00K | $70.68M | $70.50M | $70.50M |
| Deferred Revenue Non-Current | $- | $- | $92.85M | $- | $- | $- | $- |
| Deferred Tax Liabilities Non-Current | $- | $8.02M | $19.85M | $- | $- | $- | $- |
| Other Non-Current Liabilities | $88.24M | $128.00M | $84.64M | $8.21M | $7.18M | $8.27M | $7.36M |
| Total Non-Current Liabilities | $236.58M | $222.90M | $219.45M | $8.31M | $77.86M | $78.76M | $77.85M |
| Other Liabilities | $- | $- | $- | $1 | $- | $- | $- |
| Total Liabilities | $297.43M | $308.55M | $249.37M | $159.77M | $176.36M | $146.37M | $175.69M |
| Preferred Stock | $- | $- | $- | $16.54M | $- | $- | $- |
| Common Stock | $489.27M | $354.47M | $350.20M | $1 | $10.22M | $10.22M | $10.22M |
| Retained Earnings | $-82.32M | $-36.10M | $43.10M | $-33.90M | $-31.12M | $-23.03M | $-26.19M |
| Accumulated Other Comprehensive Income Loss | $19.31M | $15.04M | $13.68M | $7.14M | $6.80M | $6.34M | $5.73M |
| Other Total Stockholders Equity | $- | $- | $- | $2 | $- | $- | $- |
| Total Stockholders Equity | $426.26M | $333.41M | $406.98M | $1 | $-14.11M | $-6.47M | $-10.25M |
| Total Equity | $426.26M | $333.41M | $406.98M | $1 | $-14.11M | $-6.47M | $-10.25M |
| Total Liabilities and Stockholders Equity | $723.69M | $641.96M | $656.35M | $1 | $162.25M | $139.90M | $165.44M |
| Minority Interest | $- | $- | $- | $- | $- | $- | $- |
| Total Liabilities and Total Equity | $723.69M | $641.96M | $656.35M | $1 | $162.25M | $139.90M | $165.44M |
| Total Investments | $44.26M | $2.19M | $32.16M | $5.49M | $- | $- | $- |
| Total Debt | $180.27M | $115.88M | $41.44M | $70.60M | $70.68M | $70.50M | $70.54M |
| Net Debt | $164.00M | $67.60M | $-46.22M | $70.60M | $44.47M | $63.57M | $65.29M |
Cash Flow Statement
| Breakdown | December 31, 2023 | December 31, 2022 | December 31, 2021 | December 31, 2020 | December 31, 2019 | December 31, 2018 | December 31, 2017 |
|---|---|---|---|---|---|---|---|
| Net Income | $-65.20M | $-79.20M | $76.62M | $-13.15M | $-8.10M | $3.17M | $-251.00K |
| Depreciation and Amortization | $- | $6.18M | $-116.81M | $295.84K | $724.00K | $777.00K | $3.97M |
| Deferred Income Tax | $-8.17M | $-11.83M | $19.85M | $-2.33M | $-1.54M | $- | $- |
| Stock Based Compensation | $2.31M | $2.92M | $2.68M | $1.23M | $858.00K | $673.00K | $989.00K |
| Change in Working Capital | $8.45M | $7.16M | $2.87M | $-3.37M | $28.73M | $31.86M | $-50.19M |
| Accounts Receivables | $-3.60M | $1.22M | $-303.00K | $1.05K | $4.91M | $-1.03M | $-6.62M |
| Inventory | $1.38M | $9.22M | $-4.58M | $-1 | $-4.23M | $1.50M | $4.28M |
| Accounts Payables | $10.10M | $-2.39M | $11.66M | $-516.94K | $- | $- | $- |
| Other Working Capital | $568.15K | $-897.42K | $-3.91M | $-2.86M | $28.04M | $31.38M | $-47.85M |
| Other Non Cash Items | $7.99M | $28.93M | $1.77M | $22.20M | $33.32M | $3.31M | $38.24M |
| Net Cash Provided by Operating Activities | $-54.62M | $-45.84M | $-13.01M | $4.87M | $55.53M | $39.79M | $-7.24M |
| Investments in Property Plant and Equipment | $-39.51M | $-50.22M | $-6.01M | $-7.99M | $-32.93M | $-8.98M | $-1.47M |
| Acquisitions Net | $10.03M | $- | $-98.39M | $- | $- | $- | $- |
| Purchases of Investments | $-894.00K | $-597.35K | $-1.95M | $- | $- | $- | $- |
| Sales Maturities of Investments | $- | $- | $6.01M | $- | $- | $- | $- |
| Other Investing Activities | $-12.12M | $-3.92M | $-37.24M | $-1.88M | $1.24M | $-1.29M | $-1.52M |
| Net Cash Used for Investing Activities | $-42.51M | $-54.73M | $-137.59M | $-9.87M | $-31.69M | $-10.27M | $-2.98M |
| Debt Repayment | $58.64M | $58.73M | $58.59M | $-6.48M | $-3.06M | $-23.25M | $6.43M |
| Common Stock Issued | $27.69M | $3.01M | $166.84M | $- | $- | $- | $- |
| Common Stock Repurchased | $- | $- | $- | $- | $- | $- | $- |
| Dividends Paid | $- | $- | $- | $- | $- | $- | $- |
| Other Financing Activities | $-21.17M | $2.70M | $-2.54M | $259.04K | $-1.49M | $-4.60M | $-7.11M |
| Net Cash Used Provided by Financing Activities | $65.16M | $61.43M | $222.90M | $-6.55M | $-4.55M | $-27.85M | $-683.00K |
| Effect of Forex Changes on Cash | $-39.00K | $-232.00K | $117.00K | $579.72K | $- | $- | $- |
| Net Change in Cash | $-32.00M | $-39.38M | $72.42M | $-10.97M | $19.29M | $1.67M | $-10.91M |
| Cash at End of Period | $16.28M | $48.28M | $87.66M | $15.24M | $26.21M | $6.92M | $5.25M |
| Cash at Beginning of Period | $48.28M | $87.66M | $15.24M | $26.21M | $6.92M | $5.25M | $16.16M |
| Operating Cash Flow | $-54.62M | $-45.84M | $-13.01M | $4.87M | $55.53M | $39.79M | $-7.24M |
| Capital Expenditure | $-39.51M | $-50.22M | $-6.01M | $-7.99M | $-32.93M | $-8.98M | $-1.47M |
| Free Cash Flow | $-94.13M | $-96.06M | $-19.02M | $-3.13M | $22.60M | $30.81M | $-8.71M |