Cash flow Agnico Eagle Mines Limited

Equities

AEM

CA0084741085

Gold

Market Closed - Nyse Other stock markets 16:00:01 2024-09-13 EDT			5-day change	1st Jan Change
83.17 ^USD	+1.60%		+8.17%	+51.63%

09-10	Orosur Mining Nears 100% Acquisition of Anzá Gold Project in Colombia	MT
09-04	Osisko Gold Royalties Providing Select Asset Updates	MT

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Published financial data: AGNICO EAGLE MINES LIMITED

Annual

Quarterly

Halfyear

YTD

LTM

Fiscal Period: December	2019	2020	2021	2022	2023
Revenues	2.49B	3.14B	3.82B	5.74B	6.63B
Total Revenues	2.49B	3.14B	3.82B	5.74B	6.63B
Cost of Goods Sold, Total	1.23B	1.4B	1.73B	2.42B	2.9B
Gross Profit	1.26B	1.74B	2.1B	3.32B	3.72B
Selling General & Admin Expenses, Total	121M	116M	142M	263M	256M
Exploration / Drilling Costs, Total	105M	113M	153M	271M	216M
Depreciation & Amortization - (IS)	546M	631M	738M	1.09B	1.49B
Impairment of Oil, Gas & Mineral Properties - (IS)	-346M	-	-	55M	366M
Other Operating Expenses	-8.6M	-76.83M	18.23M	107M	-35.53M
Other Operating Expenses, Total	417M	784M	1.05B	1.79B	2.29B
Operating Income	843M	953M	1.05B	1.53B	1.43B
Interest Expense, Total	-93.5M	-86.52M	-79.94M	-67.33M	-98.86M
Interest And Investment Income	6.69M	4.87M	3.94M	14.03M	16.01M
Net Interest Expenses	-86.82M	-81.66M	-76M	-53.3M	-82.85M
Currency Exchange Gains (Loss)	-4.85M	-22.48M	-5.67M	16.08M	328K
Other Non Operating Income (Expenses)	12.53M	-10.49M	-5.48M	-29.92M	-32.34M
EBT, Excl. Unusual Items	764M	839M	958M	1.46B	1.31B
Merger & Related Restructuring Charges	-	-	-12.94M	-253M	-47.98M
Impairment of Goodwill	-	-	-	-	-421M
Gain (Loss) On Sale Of Investments	-	-	-	-	1.54B
Gain (Loss) On Sale Of Assets	-11.91M	-14.18M	549K	-8.75M	-26.76M
Asset Writedown	-13.2M	-23.5M	-28.7M	-62.4M	-2.7M
Legal Settlements	-	-	-	-3.5M	-
Other Unusual Items	-	-33.54M	-13.35M	-17.78M	-
EBT, Incl. Unusual Items	739M	768M	903M	1.12B	2.36B
Income Tax Expense	266M	256M	360M	445M	418M
Earnings From Continuing Operations	473M	512M	543M	670M	1.94B
Net Income to Company	473M	512M	543M	670M	1.94B
Net Income - (IS)	473M	512M	543M	670M	1.94B
Net Income to Common Incl Extra Items	473M	512M	543M	670M	1.94B
Net Income to Common Excl. Extra Items	473M	512M	543M	670M	1.94B
Per Share Items
Net EPS - Basic	2	2.12	2.23	1.53	3.97
Basic EPS - Continuing Operations	2	2.12	2.23	1.53	3.97
Basic Weighted Average Shares Outstanding	237M	242M	244M	438M	489M
Net EPS - Diluted	1.99	2.1	2.22	1.53	3.95
Diluted EPS - Continuing Operations	1.99	2.1	2.22	1.53	3.95
Diluted Weighted Average Shares Outstanding	238M	243M	245M	439M	490M
Normalized Basic EPS	2.01	2.17	2.46	2.09	1.68
Normalized Diluted EPS	2	2.16	2.45	2.08	1.68
Dividend Per Share	0.55	0.95	1.4	1.6	1.6
Payout Ratio	22.28	37.19	50.67	90.76	32.9
Supplemental Items
EBITDA	1.04B	1.57B	1.76B	2.59B	3.25B
EBITA	843M	953M	1.05B	1.53B	1.43B
EBIT	843M	953M	1.05B	1.53B	1.43B
EBITDAR	1.15B	1.69B	1.91B	2.72B	3.38B
Effective Tax Rate - (Ratio)	35.95	33.35	39.89	39.91	17.71
Normalized Net Income	477M	524M	599M	913M	821M
Interest Capitalized	4.05M	2.8M	3.51M	3.64M	3.18M
Interest on Long-Term Debt	103M	93.74M	85.92M	74.84M	108M
Non-Cash Pension Expense	905K	847K	6.65M	1.83M	3.14M
Supplemental Operating Expense Items
Marketing Expenses	-	-	-	-	-
Selling and Marketing Expenses	-	-	-	-	-
General and Administrative Expenses	121M	116M	142M	221M	208M
Exploration/Drilling Costs	105M	113M	153M	271M	216M
Net Rental Expense, Total	112M	123M	142M	129M	125M
Imputed Operating Lease Interest Expense	48.86M	49.86M	56.2M	45.79M	58.42M
Imputed Operating Lease Depreciation	62.71M	73.17M	86.16M	82.84M	66.76M
Stock-Based Comp., G&A Exp. (Total)	46M	50.1M	52.1M	60.3M	80.6M
Stock-Based Comp., Other (Total)	8.26M	6.9M	9.2M	10.1M	-
Total Stock-Based Compensation	54.26M	57M	61.3M	70.4M	80.6M

Fiscal Period: December	2019	2020	2021	2022	2023
Assets
Cash And Equivalents	322M	403M	186M	659M	339M
Short Term Investments	92.26M	3.94M	5.29M	9.9M	10.2M
Trading Asset Securities, Total	9.12M	-	-	-	-
Total Cash And Short Term Investments	423M	406M	191M	669M	349M
Accounts Receivable, Total	8.32M	11.87M	13.54M	8.58M	8.15M
Other Receivables	81.12M	71.32M	114M	135M	177M
Total Receivables	89.44M	83.19M	127M	144M	185M
Inventory	580M	630M	879M	1.21B	1.42B
Prepaid Expenses	70.99M	72.5M	90.68M	111M	152M
Restricted Cash	-	-	-	-	-
Other Current Assets, Total	29.79M	54.56M	14.43M	47.91M	86.72M
Total Current Assets	1.19B	1.25B	1.3B	2.18B	2.19B
Gross Property Plant And Equipment	12.07B	13.01B	14.07B	26.08B	32.47B
Accumulated Depreciation	-5.07B	-5.68B	-6.42B	-7.62B	-11.25B
Net Property Plant And Equipment	7B	7.33B	7.65B	18.46B	21.22B
Long-term Investments	-	282M	269M	315M	335M
Goodwill	408M	408M	408M	2.04B	4.16B
Other Intangibles, Total	-	-	-	13.32M	-
Loans Receivable Long-Term	-	21.25M	37.94M	3.94M	10.11M
Deferred Tax Assets Long-Term	-	-	134M	11.57M	53.8M
Other Long-Term Assets, Total	185M	331M	390M	467M	716M
Total Assets	8.79B	9.61B	10.19B	23.49B	28.68B
Liabilities
Accounts Payable, Total	158M	167M	189M	259M	318M
Accrued Expenses, Total	171M	166M	187M	383M	387M
Current Portion of Long-Term Debt	360M	-	225M	100M	100M
Current Portion of Leases	14.69M	20.85M	32.99M	36.47M	46.39M
Current Income Taxes Payable	26.17M	103M	47.21M	4.19M	81.22M
Other Current Liabilities	45.16M	58.92M	80.1M	164M	116M
Total Current Liabilities	776M	516M	762M	946M	1.05B
Long-Term Debt	1.36B	1.57B	1.34B	1.24B	1.74B
Long-Term Leases	102M	99.42M	98.44M	115M	115M
Unearned Revenue Non Current	-	-	-	-	24.05M
Pension & Other Post Retirement Benefits	40.49M	49.82M	51.21M	53.02M	56.26M
Deferred Tax Liability Non Current	948M	1.04B	1.21B	3.98B	4.97B
Other Non Current Liabilities	448M	665M	742M	915M	1.3B
Total Liabilities	3.68B	3.93B	4.21B	7.25B	9.26B
Common Stock, Total	5.59B	5.75B	5.86B	16.25B	18.33B
Additional Paid In Capital	37.25M	37.25M	37.25M	23.28M	22.07M
Retained Earnings	-647M	-366M	-165M	-202M	963M
Comprehensive Income and Other	132M	261M	245M	168M	103M
Total Common Equity	5.11B	5.68B	5.98B	16.24B	19.42B
Total Equity	5.11B	5.68B	5.98B	16.24B	19.42B
Total Liabilities And Equity	8.79B	9.61B	10.19B	23.49B	28.68B
Supplemental Items
ECS Total Shares Outstanding on Filing Date	240M	243M	455M	457M	498M
ECS Total Common Shares Outstanding	240M	243M	245M	456M	497M
Book Value / Share	21.33	23.4	24.41	35.58	39.06
Tangible Book Value	4.7B	5.28B	5.57B	14.18B	15.27B
Tangible Book Value Per Share	19.63	21.72	22.75	31.07	30.7
Total Debt	1.84B	1.69B	1.7B	1.49B	2B
Net Debt	1.42B	1.28B	1.51B	825M	1.66B
Debt Equivalent of Unfunded Proj. Benefit Obligation	26.74M	41.34M	41.94M	43.9M	43.77M
Debt Equivalent Oper. Leases	893M	984M	1.14B	1.03B	1B
Equity Method Investments, Total	-	-	-	10.73M	10.86M
Account Code - Inventory Valuation	6	6	6	6	6
Inventories - Raw Materials, Total	82.19M	80.72M	140M	208M	238M
Inventories - Finished Goods, Total	124M	111M	126M	185M	238M
Inventories - Others	374M	439M	613M	816M	943M
Machinery, Total	6.18B	6.53B	6.94B	10.49B	12.46B
Full Time Employees	6.19K	6.21K	6.81K	10.12K	-

Fiscal Period: December	2019	2020	2021	2022	2023
Net Income	473M	512M	543M	670M	1.94B
Depreciation & Amortization - CF	546M	631M	738M	1.09B	1.49B
Impairment of Oil, Gas & Mineral Properties - (CF)	-346M	-	-	-	366M
Depreciation & Amortization, Total	200M	631M	738M	1.09B	1.86B
(Gain) Loss on Sale of Investments - (CF)	-	-	-	-	-1.54B
Asset Writedown & Restructuring Costs	-	-	-	55M	421M
Stock-Based Compensation (CF)	54.26M	54.49M	57.8M	48.57M	71.55M
Other Operating Activities, Total	140M	13.94M	258M	247M	-259K
Change In Accounts Receivable	1.74M	-3.55M	-1.68M	12.11M	7.46M
Change In Inventories	-91.44M	-82.95M	-185M	-46.24M	-169M
Change In Accounts Payable	84.84M	-5.52M	-75K	59.46M	2.78M
Change In Income Taxes	22.22M	77.92M	-62.42M	-35.01M	104M
Change in Other Net Operating Assets	-2.97M	-4.98M	-31.94M	-9.56M	-91.31M
Cash from Operations	882M	1.19B	1.32B	2.1B	2.6B
Capital Expenditure	-883M	-759M	-868M	-1.54B	-1.65B
Sale of Property, Plant, and Equipment	3.69M	936K	2.7M	1.02M	-
Cash Acquisitions	-	-	-341M	839M	-1.01B
Investment in Marketable and Equity Securities, Total	5.09M	-50.41M	-51.88M	-51.97M	-105M
Net (Increase) Decrease in Loans Originated / Sold - Investing	-	-	-	40M	-
Other Investing Activities, Total	-	-	23.08M	-	9.65M
Cash from Investing	-874M	-809M	-1.23B	-710M	-2.76B
Short Term Debt Issued, Total	-	1.08B	595M	100M	1.3B
Long-Term Debt Issued, Total	220M	200M	-	-	599M
Total Debt Issued	220M	1.28B	595M	100M	1.9B
Short Term Debt Repaid, Total	-	-1.08B	-595M	-100M	-1.3B
Long-Term Debt Repaid, Total	-235M	-376M	-25.02M	-259M	-148M
Total Debt Repaid	-235M	-1.45B	-620M	-359M	-1.45B
Issuance of Common Stock	156M	105M	40.1M	62.11M	70.32M
Repurchase of Common Stock	-24.67M	-39.62M	-34.61M	-110M	-47M
Common Dividends Paid	-105M	-190M	-275M	-608M	-639M
Common & Preferred Stock Dividends Paid	-105M	-190M	-275M	-608M	-639M
Other Financing Activities, Total	-	-1.6M	-2.55M	-	-
Cash from Financing	10.61M	-303M	-297M	-915M	-164M
Foreign Exchange Rate Adjustments	1.65M	210K	-804K	1.51M	3.2M
Net Change in Cash	20.07M	80.63M	-217M	473M	-320M
Supplemental Items
Cash Interest Paid	102M	95.12M	85.11M	67.51M	105M
Cash Income Tax Paid (Refund)	90.69M	111M	246M	317M	291M
Levered Free Cash Flow	-201M	489M	273M	446M	877M
Unlevered Free Cash Flow	-142M	543M	323M	488M	938M
Change In Net Working Capital	40.86M	-18.48M	262M	94.09M	239M
Net Debt Issued / Repaid	-15.45M	-176M	-25.02M	-259M	451M

Fiscal Period: December	2019	2020	2021	2022	2023
Profitability
Return on Assets	6.33	6.48	6.6	5.67	3.42
Return on Total Capital	7.97	8.32	8.68	7.51	4.56
Return On Equity %	9.79	9.48	9.31	6.03	10.89
Return on Common Equity	9.79	9.48	9.31	6.03	10.89
Margin Analysis
Gross Profit Margin %	50.52	55.37	54.81	57.8	56.18
SG&A Margin	4.85	3.71	3.71	4.58	3.86
EBITDA Margin %	41.81	50.03	46.12	45.2	49.08
EBITA Margin %	33.79	30.38	27.33	26.62	21.56
EBIT Margin %	33.79	30.38	27.33	26.62	21.56
Income From Continuing Operations Margin %	18.97	16.3	14.2	11.67	29.29
Net Income Margin %	18.97	16.3	14.2	11.67	29.29
Net Avail. For Common Margin %	18.97	16.3	14.2	11.67	29.29
Normalized Net Income Margin	19.14	16.71	15.66	15.91	12.39
Levered Free Cash Flow Margin	-8.04	15.58	7.15	7.76	13.23
Unlevered Free Cash Flow Margin	-5.7	17.31	8.45	8.5	14.16
Asset Turnover
Asset Turnover	0.3	0.34	0.39	0.34	0.25
Fixed Assets Turnover	0.38	0.44	0.51	0.44	0.33
Receivables Turnover (Average Receivables)	271.55	310.9	300.95	519	792.36
Inventory Turnover (Average Inventory)	2.3	2.31	2.29	2.32	2.21
Short Term Liquidity
Current Ratio	1.54