Lundin Mining (LUN.TO) Financial Statements
Price: $10.66
Market Cap: $9.25B
Avg Volume: 2.79M
Market Cap: $9.25B
Avg Volume: 2.79M
Country: CA
Industry: Copper
Sector: Basic Materials
Industry: Copper
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 Lundin Mining.
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 | $3.42B | $2.74B | $3.04B | $3.33B | $2.04B | $1.89B | $1.73B | $2.08B | $1.55B | $1.70B |
| Cost of Revenue | $2.48B | $2.74B | $2.28B | $1.96B | $1.54B | $1.45B | $1.29B | $1.26B | $1.30B | $1.52B |
| Gross Profit | $942.86M | $3.74M | $762.57M | $1.37B | $498.12M | $440.39M | $436.60M | $820.35M | $246.54M | $184.59M |
| Gross Profit Ratio | 27.55% | 0.14% | 25.07% | 41.15% | 24.40% | 23.27% | 25.30% | 39.49% | 15.95% | 10.85% |
| Research and Development Expenses | $6.65M | $10.96M | $107.60M | $8.20M | $18.02M | $16.83M | $10.08M | $8.23M | $9.38M | $7.92M |
| General and Administrative Expenses | $58.35M | $66.72M | $53.88M | $52.20M | $44.17M | $47.10M | $49.44M | $38.84M | $27.20M | $27.53M |
| Selling and Marketing Expenses | $- | $- | $297.00K | $771.00K | $1.93M | $3.70M | $3.61M | $1.25M | $4.58M | $9.00K |
| Selling General and Administrative Expenses | $58.35M | $66.72M | $53.88M | $52.20M | $44.17M | $47.10M | $49.44M | $38.84M | $27.20M | $27.53M |
| Other Expenses | $60.98M | $67.90M | $51.09M | $45.84M | $36.55M | $70.75M | $-1.98M | $-5.66M | $-49.52M | $-13.65M |
| Operating Expenses | $125.99M | $145.58M | $212.58M | $106.24M | $98.75M | $134.68M | $140.51M | $125.86M | $88.20M | $90.94M |
| Cost and Expenses | $2.61B | $2.74B | $2.49B | $2.07B | $1.64B | $1.59B | $1.43B | $1.38B | $1.39B | $1.61B |
| Interest Income | $16.69M | $10.88M | $4.21M | $613.00K | $5.99M | $12.16M | $25.49M | $21.61M | $1.53M | $564.00K |
| Interest Expense | $124.35M | $63.88M | $11.63M | $7.52M | $12.32M | $13.93M | $27.08M | $70.80M | $79.94M | $83.66M |
| Depreciation and Amortization | $607.74M | $653.60M | $554.75M | $522.76M | $447.47M | $386.12M | $319.38M | $381.32M | $434.87M | $555.02M |
| EBITDA | $1.12B | $1.05B | $1.00B | $1.78B | $801.27M | $666.93M | $638.26M | $1.09B | $545.17M | $661.20M |
| EBITDA Ratio | 32.59% | 38.23% | 32.98% | 53.33% | 39.25% | 35.24% | 36.99% | 52.49% | 35.27% | 38.85% |
| Operating Income | $816.87M | $506.79M | $448.16M | $1.26B | $364.23M | $294.98M | $296.09M | $694.49M | $158.34M | $93.65M |
| Operating Income Ratio | 23.87% | 18.47% | 14.74% | 38.00% | 17.84% | 15.58% | 17.16% | 33.43% | 10.24% | 5.50% |
| Total Other Income Expenses Net | $-433.55M | $25.06M | $48.16M | $-18.49M | $-57.90M | $-38.83M | $-4.28M | $-56.17M | $-30.16M | $-373.81M |
| Income Before Tax | $383.33M | $531.85M | $598.16M | $1.24B | $341.48M | $269.60M | $291.81M | $638.32M | $128.18M | $-255.54M |
| Income Before Tax Ratio | 11.20% | 19.39% | 19.67% | 37.40% | 16.73% | 14.24% | 16.91% | 30.73% | 8.29% | -15.01% |
| Income Tax Expense | $229.97M | $216.60M | $134.63M | $365.69M | $152.42M | $80.42M | $76.37M | $191.40M | $4.31M | $26.25M |
| Net Income | $-203.53M | $241.56M | $426.85M | $780.35M | $168.80M | $167.26M | $195.85M | $426.49M | $-661.74M | $-294.08M |
| Net Income Ratio | -5.95% | 8.81% | 14.04% | 23.44% | 8.27% | 8.84% | 11.35% | 20.53% | -42.81% | -17.28% |
| EPS | $-0.26 | $0.31 | $0.58 | $1.06 | $0.23 | $0.23 | $0.27 | $0.59 | $-0.92 | $-0.41 |
| EPS Diluted | $-0.26 | $0.31 | $0.58 | $1.06 | $0.23 | $0.23 | $0.27 | $0.59 | $-0.92 | $-0.41 |
| Weighted Average Shares Outstanding | 776.18M | 772.53M | 739.30M | 736.79M | 734.07M | 735.31M | 731.73M | 726.99M | 720.33M | 719.09M |
| Weighted Average Shares Outstanding Diluted | 779.09M | 772.53M | 739.30M | 739.30M | 735.32M | 736.06M | 733.55M | 729.74M | 721.21M | 719.09M |
| 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 | $357.48M | $268.79M | $191.39M | $594.07M | $141.45M | $250.56M | $815.43M | $1.57B | $715.31M | $556.51M |
| Short Term Investments | $50.10M | $- | $- | $- | $- | $- | $- | $- | $- | $- |
| Cash and Short Term Investments | $407.58M | $268.79M | $191.39M | $594.07M | $141.45M | $250.56M | $815.43M | $1.57B | $715.31M | $556.51M |
| Net Receivables | $482.75M | $814.51M | $430.73M | $507.70M | $271.11M | $229.73M | $251.01M | $308.13M | $289.80M | $141.09M |
| Inventory | $590.68M | $599.41M | $296.71M | $227.38M | $254.04M | $216.50M | $160.99M | $192.36M | $163.14M | $144.75M |
| Other Current Assets | $1.46B | $108.44M | $135.86M | $42.79M | $46.32M | $36.06M | $86.54M | $77.84M | $1.17B | $22.29M |
| Total Current Assets | $2.94B | $1.79B | $1.22B | $1.53B | $837.93M | $869.70M | $1.44B | $2.25B | $2.41B | $953.35M |
| Property Plant Equipment Net | $6.21B | $7.68B | $5.98B | $5.05B | $5.13B | $5.07B | $3.83B | $3.39B | $3.18B | $3.35B |
| Goodwill | $134.28M | $240.62M | $237.29M | $243.00M | $251.18M | $242.21M | $109.79M | $114.49M | $101.93M | $104.92M |
| Intangible Assets | $35.39M | $46.55M | $20.98M | $- | $- | $- | $- | $- | $- | $- |
| Goodwill and Intangible Assets | $169.68M | $287.16M | $237.29M | $243.00M | $251.18M | $242.21M | $109.79M | $114.49M | $101.93M | $104.92M |
| Long Term Investments | $9.96M | $- | $380.00K | $15.08M | $22.34M | $33.29M | $139.70M | $144.57M | $79.17M | $2.06B |
| Tax Assets | $191.25M | $- | $3.84M | $12.05M | $62.74M | $104.63M | $94.47M | $84.71M | $102.79M | $55.02M |
| Other Non-Current Assets | $889.64M | $1.10B | $736.84M | $789.28M | $758.67M | $601.87M | $317.86M | $306.10M | $271.16M | $257.02M |
| Total Non-Current Assets | $7.47B | $9.07B | $6.95B | $6.11B | $6.22B | $6.05B | $4.49B | $4.04B | $3.73B | $5.83B |
| Other Assets | $- | $- | $- | $- | $- | $- | $- | $- | $- | $- |
| Total Assets | $10.41B | $10.86B | $8.17B | $7.64B | $7.06B | $6.92B | $5.93B | $6.29B | $6.14B | $6.78B |
| Account Payables | $297.69M | $393.83M | $315.95M | $199.54M | $126.04M | $188.43M | $228.61M | $160.07M | $119.72M | $122.19M |
| Short Term Debt | $395.23M | $260.32M | $183.96M | $14.62M | $116.94M | $80.78M | $3.83M | $3.43M | $1.08M | $1.10M |
| Tax Payables | $128.25M | $62.93M | $45.00M | $226.29M | $69.74M | $66.83M | $42.97M | $140.76M | $34.59M | $14.20M |
| Deferred Revenue | $280.78M | $286.27M | $196.84M | $165.43M | $149.79M | $163.22M | $143.45M | $142.04M | $128.86M | $120.77M |
| Other Current Liabilities | $609.74M | $159.01M | $208.40M | $181.65M | $124.88M | $106.11M | $76.04M | $93.45M | $84.09M | $62.09M |
| Total Current Liabilities | $1.71B | $1.21B | $950.15M | $787.54M | $587.38M | $605.37M | $494.90M | $539.75M | $355.56M | $320.35M |
| Long Term Debt | $1.61B | $1.27B | $40.53M | $16.39M | $86.11M | $227.77M | $7.16M | $446.51M | $982.29M | $978.01M |
| Deferred Revenue Non-Current | $447.13M | $- | $580.04M | $617.26M | $658.73M | $674.19M | $527.38M | $471.50M | $504.01M | $549.83M |
| Deferred Tax Liabilities Non-Current | $643.85M | $- | $709.60M | $738.92M | $701.10M | $636.70M | $405.20M | $407.53M | $413.25M | $412.54M |
| Other Non-Current Liabilities | $477.35M | $1.96B | $467.36M | $1.84B | $1.89B | $1.79B | $1.24B | $1.15B | $1.18B | $1.23B |
| Total Non-Current Liabilities | $3.18B | $3.23B | $1.80B | $1.86B | $1.97B | $2.01B | $1.25B | $1.60B | $2.16B | $2.21B |
| Other Liabilities | $- | $- | $- | $- | $- | $- | $- | $- | $- | $- |
| Total Liabilities | $4.89B | $4.44B | $2.75B | $2.64B | $2.56B | $2.62B | $1.74B | $2.14B | $2.51B | $2.53B |
| Preferred Stock | $- | $- | $- | $- | $- | $- | $- | $- | $- | $- |
| Common Stock | $4.59B | $4.57B | $4.56B | $4.20B | $4.20B | $4.18B | $4.18B | $4.15B | $4.14B | $4.11B |
| Retained Earnings | $161.06M | $627.90M | $592.42M | $437.16M | $-98.23M | $-178.30M | $-275.76M | $-336.35M | $-695.72M | $-33.98M |
| Accumulated Other Comprehensive Income Loss | $-375.84M | $-296.62M | $-342.29M | $-249.93M | $-177.22M | $-284.65M | $-260.18M | $-196.66M | $-320.14M | $-308.82M |
| Other Total Stockholders Equity | $51.31M | $55.20M | $55.77M | $58.17M | $52.10M | $51.34M | $49.42M | $48.93M | $44.78M | $49.11M |
| Total Stockholders Equity | $4.42B | $4.96B | $4.86B | $4.45B | $3.98B | $3.77B | $3.69B | $3.67B | $3.16B | $3.81B |
| Total Equity | $5.52B | $6.42B | $5.43B | $4.99B | $4.50B | $4.30B | $4.19B | $4.15B | $3.63B | $4.25B |
| Total Liabilities and Stockholders Equity | $10.41B | $10.86B | $8.17B | $7.64B | $7.06B | $6.92B | $5.93B | $6.29B | $6.14B | $6.78B |
| Minority Interest | $1.09B | $1.46B | $564.09M | $547.58M | $518.60M | $524.34M | $502.42M | $482.83M | $463.34M | $433.82M |
| Total Liabilities and Total Equity | $10.41B | $10.86B | $8.17B | $7.64B | $7.06B | $6.92B | $5.93B | $6.29B | $6.14B | $6.78B |
| Total Investments | $60.06M | $14.27M | $380.00K | $15.08M | $22.34M | $33.29M | $139.70M | $144.57M | $79.17M | $2.06B |
| Total Debt | $2.01B | $1.76B | $197.33M | $31.00M | $203.05M | $308.55M | $10.99M | $449.95M | $983.38M | $979.12M |
| Net Debt | $1.65B | $1.49B | $5.94M | $-563.07M | $61.60M | $57.99M | $-804.44M | $-1.12B | $268.07M | $422.61M |
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 | $153.35M | $276.85M | $463.53M | $879.30M | $189.06M | $189.18M | $215.44M | $446.92M | $123.87M | $-281.79M |
| Depreciation and Amortization | $- | $- | $554.75M | $601.01M | $453.40M | $396.45M | $319.38M | $381.32M | $434.87M | $555.02M |
| Deferred Income Tax | $-64.97M | $62.18M | $-15.35M | $92.05M | $99.48M | $17.56M | $-392.00K | $18.62M | $-44.14M | $-42.52M |
| Stock Based Compensation | $6.42M | $7.30M | $7.80M | $14.84M | $9.61M | $13.35M | $12.14M | $9.86M | $6.53M | $7.02M |
| Change in Working Capital | $213.72M | $-7.61M | $-105.80M | $-2.14M | $-164.95M | $-13.86M | $-48.83M | $69.18M | $-128.16M | $181.94M |
| Accounts Receivables | $100.75M | $4.03M | $-52.52M | $-270.39M | $-78.92M | $39.32M | $68.37M | $-71.42M | $-162.89M | $204.79M |
| Inventory | $-7.16M | $- | $10.26M | $-68.59M | $-86.23M | $-27.67M | $-38.62M | $-4.33M | $-7.50M | $-13.04M |
| Accounts Payables | $- | $-4.03M | $52.52M | $- | $78.92M | $-25.51M | $-78.58M | $144.94M | $42.22M | $- |
| Other Working Capital | $120.13M | $-7.61M | $-116.06M | $336.84M | $-78.71M | $-27.67M | $-38.62M | $-4.33M | $-7.50M | $194.98M |
| Other Non Cash Items | $1.21B | $677.88M | $-28.05M | $-100.11M | $-20.70M | $-38.12M | $-21.38M | $-22.41M | $-29.77M | $294.27M |
| Net Cash Provided by Operating Activities | $1.52B | $1.02B | $876.89M | $1.48B | $565.89M | $564.56M | $476.35M | $903.48M | $363.19M | $713.94M |
| Investments in Property Plant and Equipment | $-807.31M | $-1.01B | $-842.90M | $-532.10M | $-431.24M | $-665.29M | $-751.75M | $-478.81M | $-187.55M | $-277.74M |
| Acquisitions Net | $- | $-642.85M | $-109.55M | $- | $- | $-756.95M | $- | $1.12B | $-30.66M | $- |
| Purchases of Investments | $-41.69M | $- | $- | $- | $- | $- | $- | $-28.65M | $- | $- |
| Sales Maturities of Investments | $- | $- | $- | $- | $- | $- | $52.61M | $66.27M | $- | $- |
| Other Investing Activities | $-157.91M | $-18.57M | $-60.91M | $12.08M | $10.26M | $124.41M | $23.76M | $203.00K | $74.37M | $33.24M |
| Net Cash Used for Investing Activities | $-1.01B | $-1.67B | $-1.01B | $-520.01M | $-420.98M | $-1.30B | $-675.38M | $680.43M | $-143.85M | $-244.50M |
| Debt Repayment | $489.69M | $991.47M | $101.96M | $-180.52M | $-117.93M | $256.24M | $-445.00M | $-550.00M | $-1.35M | $-6.08M |
| Common Stock Issued | $21.02M | $11.38M | $26.18M | $15.28M | $17.41M | $14.12M | $16.02M | $12.54M | $18.21M | $4.80M |
| Common Stock Repurchased | $-24.37M | $- | $-59.41M | $-40.71M | $-11.09M | $-21.74M | $- | $- | $- | $- |
| Dividends Paid | $-202.50M | $-206.54M | $-275.45M | $-227.39M | $-88.00M | $-66.44M | $-66.91M | $-67.65M | $- | $- |
| Other Financing Activities | $-628.07M | $-67.72M | $-44.91M | $-63.30M | $-37.31M | $-15.05M | $-43.81M | $-149.63M | $-77.55M | $-79.12M |
| Net Cash Used Provided by Financing Activities | $-344.23M | $728.59M | $-251.63M | $-496.64M | $-236.93M | $167.13M | $-539.70M | $-754.75M | $-60.68M | $-80.41M |
| Effect of Forex Changes on Cash | $-4.24M | $6.74M | $-14.58M | $-15.68M | $-17.10M | $1.27M | $-12.88M | $22.56M | $140.00K | $-7.30M |
| Net Change in Cash | $88.69M | $77.41M | $-402.68M | $452.62M | $-109.12M | $-564.87M | $-751.61M | $851.73M | $158.80M | $381.72M |
| Cash at End of Period | $357.48M | $268.79M | $191.39M | $594.07M | $141.45M | $250.56M | $815.43M | $1.57B | $715.31M | $556.51M |
| Cash at Beginning of Period | $268.79M | $191.39M | $594.07M | $141.45M | $250.56M | $815.43M | $1.57B | $715.31M | $556.51M | $174.79M |
| Operating Cash Flow | $1.52B | $1.02B | $876.89M | $1.48B | $565.89M | $564.56M | $476.35M | $903.48M | $363.19M | $713.94M |
| Capital Expenditure | $-807.31M | $-1.01B | $-842.90M | $-532.10M | $-431.24M | $-665.29M | $-751.75M | $-478.81M | $-187.55M | $-277.74M |
| Free Cash Flow | $711.55M | $3.50M | $33.99M | $952.86M | $134.65M | $-100.73M | $-275.40M | $424.67M | $175.64M | $436.19M |