Cash flow Capstone Copper Corp.

Equities

CS

CA14071L1085

Specialty Mining & Metals

End-of-day quote Toronto S.E. Other stock markets 2025-01-10			5-day change	1st Jan Change
8.690 ^CAD	-5.85%		-3.44%	-2.25%

11-29	Capstone Copper Maintained at Outperform by BMO Following Site Visits; Price Target Kept at C$12.00	MT
11-01	Capstone Copper Brief: National Bank Believe Capstone "Will Be the Name Investors Will Continue to Pivot To Under An Improved Backdrop For Copper Prices"	MT

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Published financial data: CAPSTONE COPPER CORP.

Annual

Quarterly

Halfyear

YTD

LTM

Fiscal Period: December	2019	2020	2021	2022	2023
Revenues	419M	454M	795M	1.3B	1.35B
Total Revenues	419M	454M	795M	1.3B	1.35B
Cost of Goods Sold, Total	297M	291M	343M	913M	1.03B
Gross Profit	122M	163M	451M	383M	319M
Selling General & Admin Expenses, Total	15.37M	13.66M	20.98M	26.24M	26.12M
Exploration / Drilling Costs, Total	6.47M	3.09M	3.06M	9.58M	4.96M
Stock-Based Compensation (IS)	4.78M	27.03M	74.01M	31.76M	19M
Depreciation & Amortization - (IS)	80.51M	81.48M	91.92M	175M	237M
Impairment of Oil, Gas & Mineral Properties - (IS)	-	-	-92.39M	-	-
Other Operating Expenses	-	-	-	-84.18M	14.68M
Other Operating Expenses, Total	107M	125M	97.59M	158M	302M
Operating Income	14.79M	37.31M	354M	224M	17.32M
Interest Expense, Total	-16.76M	-15.27M	-18.76M	-903K	-21.73M
Interest And Investment Income	-	-	-	-	3.39M
Net Interest Expenses	-16.76M	-15.27M	-18.76M	-903K	-18.34M
Currency Exchange Gains (Loss)	-1.37M	-574K	-1.79M	2.07M	-5.07M
Other Non Operating Income (Expenses)	-1.61M	-717K	-166K	-6.28M	-70.96M
EBT, Excl. Unusual Items	-4.95M	20.75M	333M	219M	-77.04M
Restructuring Charges	-	-	-	-	-2.31M
Merger & Related Restructuring Charges	-	-	-3.26M	-33.6M	-8.93M
Gain (Loss) On Sale Of Investments	-	-	-	-	-
Gain (Loss) On Sale Of Assets	1.24M	5.02M	5.07M	-	-
Asset Writedown	-	-	-	-	-
Other Unusual Items	-600K	-	-1.1M	8.04M	-2.72M
EBT, Incl. Unusual Items	-4.31M	25.77M	334M	194M	-91M
Income Tax Expense	-15.16M	13.39M	80.92M	57.58M	33.72M
Earnings From Continuing Operations	10.86M	12.38M	253M	136M	-125M
Earnings Of Discontinued Operations	-27.06M	-	-	-	-
Net Income to Company	-16.2M	12.38M	253M	136M	-125M
Minority Interest	157K	176K	-26.04M	-13.94M	23.05M
Net Income - (IS)	-16.04M	12.56M	227M	122M	-102M
Net Income to Common Incl Extra Items	-16.04M	12.56M	227M	122M	-102M
Net Income to Common Excl. Extra Items	11.01M	12.56M	227M	122M	-102M
Per Share Items
Net EPS - Basic	-0.04	0.03	0.56	0.2	-0.15
Basic EPS - Continuing Operations	0.03	0.03	0.56	0.2	-0.15
Basic Weighted Average Shares Outstanding	391M	394M	406M	625M	694M
Net EPS - Diluted	-0.04	0.03	0.55	0.19	-0.15
Diluted EPS - Continuing Operations	0.03	0.03	0.55	0.19	-0.15
Diluted Weighted Average Shares Outstanding	395M	399M	414M	630M	694M
Normalized Basic EPS	-0.01	0.03	0.45	0.2	-0.04
Normalized Diluted EPS	-0.01	0.03	0.44	0.2	-0.04
American Depositary Receipts Ratio (ADR)	1	1	1	1	1
Supplemental Items
EBITDA	80.86M	96.77M	434M	345M	182M
EBITA	14.79M	37.31M	354M	224M	17.32M
EBIT	14.79M	37.31M	354M	224M	17.32M
EBITDAR	81.56M	-	-	-	-
Effective Tax Rate - (Ratio)	352.05	51.95	24.24	29.72	-37.06
Deferred Domestic Taxes	-23.18M	-4.21M	-3.64M	-7.85M	-14.7M
Deferred Foreign Taxes	502K	1.21M	31.68M	19.72M	34.37M
Total Deferred Taxes	-22.68M	-3M	28.04M	11.87M	19.67M
Normalized Net Income	-2.93M	13.14M	182M	123M	-25.1M
Interest on Long-Term Debt	16.76M	14.76M	5.29M	8.62M	21.54M
Non-Cash Pension Expense	-	-	-	-	-
Supplemental Operating Expense Items
Marketing Expenses	-	-	1.45M	-	-
Selling and Marketing Expenses	-	-	1.45M	-	-
General and Administrative Expenses	15.37M	13.66M	19.53M	26.24M	26.12M
Exploration/Drilling Costs	6.47M	3.09M	3.06M	9.58M	4.96M
Net Rental Expense, Total	700K	-	-	-	-
Imputed Operating Lease Interest Expense	437K	-	-	-	-
Imputed Operating Lease Depreciation	263K	-	-	-	-
Maintenance & Repair Expenses, Total	1.02M	1.09M	983K	-	924K
Stock-Based Compensation - Exploration Costs / Drilling Costs, Total	-	-	-	-	-
Stock-Based Comp., Other (Total)	4.82M	27.03M	74.01M	31.76M	19M
Total Stock-Based Compensation	4.82M	27.03M	74.01M	31.76M	19M

Fiscal Period: December	2019	2020	2021	2022	2023
Assets
Cash And Equivalents	39.94M	56.58M	262M	170M	126M
Short Term Investments	4.55M	3.42M	2.26M	6.05M	5.51M
Trading Asset Securities, Total	-	-	-	19.73M	16.84M
Total Cash And Short Term Investments	44.49M	60M	264M	196M	148M
Accounts Receivable, Total	20.27M	18.54M	25.06M	144M	108M
Other Receivables	4.49M	1.38M	3.43M	48.35M	38.97M
Notes Receivable	3.79M	6.77M	-	-	-
Total Receivables	28.55M	26.69M	28.49M	192M	147M
Inventory	47.89M	58.24M	62.82M	143M	150M
Prepaid Expenses	2.3M	4.94M	5.45M	37.93M	36.61M
Other Current Assets, Total	147K	7.99M	543K	2.79M	4.94M
Total Current Assets	123M	158M	362M	572M	487M
Gross Property Plant And Equipment	1.66B	1.77B	2.23B	6.95B	7.79B
Accumulated Depreciation	-531M	-618M	-923M	-2.24B	-2.5B
Net Property Plant And Equipment	1.13B	1.15B	1.31B	4.71B	5.29B
Long-term Investments	1.68M	2.86M	6.08M	30.21M	17.39M
Other Intangibles, Total	-	7.82M	-	-	-
Accounts Receivable Long-Term	1.55M	1.23M	861K	431K	-
Loans Receivable Long-Term	31.59M	27.08M	-	-	-
Deferred Tax Assets Long-Term	24.66M	28.84M	30.59M	38.7M	53.4M
Deferred Charges Long-Term	-	-	566K	-	-
Other Long-Term Assets, Total	16.35M	18.1M	17.33M	33.06M	30.01M
Total Assets	1.33B	1.39B	1.73B	5.38B	5.87B
Liabilities
Accounts Payable, Total	52.49M	74.87M	97.38M	285M	272M
Accrued Expenses, Total	873K	8.29M	50.14M	30.5M	32.4M
Short-term Borrowings	-	-	-	-	25.62M
Current Portion of Long-Term Debt	-	-	-	-	31.64M
Current Portion of Leases	769K	1.6M	3.41M	28.93M	33.52M
Current Income Taxes Payable	1.26M	9.12M	29.38M	10.95M	6.19M
Unearned Revenue Current, Total	-	-	6.13M	8.52M	12.14M
Other Current Liabilities	-	-	43.79M	44.72M	18.04M
Total Current Liabilities	55.39M	93.87M	230M	409M	432M
Long-Term Debt	207M	184M	-	659M	1.16B
Long-Term Leases	5.17M	8.31M	12.63M	74.97M	103M
Unearned Revenue Non Current	-	-	166M	160M	148M
Pension & Other Post Retirement Benefits	4.77M	5.59M	5.1M	6.41M	13.04M
Deferred Tax Liability Non Current	64.02M	65.14M	95.79M	598M	630M
Other Non Current Liabilities	124M	146M	202M	294M	319M
Total Liabilities	460M	502M	712M	2.2B	2.81B
Common Stock, Total	839M	843M	849M	2.45B	2.45B
Retained Earnings	-110M	-97.51M	128M	263M	169M
Treasury Stock	-7.3M	-6.64M	-5.13M	-2.5M	-705K
Comprehensive Income and Other	39.69M	40.42M	44.14M	43.83M	40.83M
Total Common Equity	761M	779M	1.02B	2.75B	2.66B
Minority Interest	110M	110M	-	429M	406M
Total Equity	871M	889M	1.02B	3.18B	3.07B
Total Liabilities And Equity	1.33B	1.39B	1.73B	5.38B	5.87B
Supplemental Items
ECS Total Shares Outstanding on Filing Date	400M	409M	414M	692M	753M
ECS Total Common Shares Outstanding	400M	409M	413M	692M	696M
Book Value / Share	1.9	1.91	2.46	3.98	3.82
Tangible Book Value	761M	771M	1.02B	2.75B	2.66B
Tangible Book Value Per Share	1.9	1.89	2.46	3.98	3.82
Total Debt	213M	194M	16.04M	763M	1.36B
Net Debt	167M	131M	-254M	565M	1.21B
Debt Equivalent of Unfunded Proj. Benefit Obligation	-	-	-	-	-
Debt Equivalent Oper. Leases	5.6M	-	-	-	-
Minority Interest, Total (Incl. Fin. Div)	110M	110M	-	429M	406M
Account Code - Inventory Valuation	6	6	6	6	6
Inventories - Raw Materials, Total	34.14M	37.8M	41.29M	81.42M	96.48M
Inventories - Work In Process, Total	-	-	-	29.39M	21.48M
Inventories - Finished Goods, Total	13.75M	20.44M	21.54M	32.69M	31.66M
Machinery, Total	492M	574M	603M	2.67B	2.88B
Full Time Employees	1.05K	-	-	-	-
Assets under Capital Lease - Gross	-	-	-	-	-
Assets under Capital Lease - Accumulated Depreciation	-	-	-	-	-

Fiscal Period: December	2019	2020	2021	2022	2023
Net Income	-16.04M	12.56M	227M	122M	-102M
Depreciation & Amortization - CF	67.03M	60.87M	67M	144M	180M
Impairment of Oil, Gas & Mineral Properties - (CF)	-	-	-92.39M	-	-
Depreciation & Amortization, Total	67.03M	60.87M	-25.4M	144M	180M
Amortization of Deferred Charges, Total - (CF)	15.51M	22.2M	26.25M	32.09M	57.34M
(Gain) Loss From Sale Of Asset	513K	342K	-	-226K	-
(Gain) Loss on Sale of Investments - (CF)	-	-	-	-	-
Asset Writedown & Restructuring Costs	-	-	-	-	-
Stock-Based Compensation (CF)	4.82M	27.03M	74.01M	31.76M	19M
Net Cash From Discontinued Operations	24.49M	-	-	-	-
Other Operating Activities, Total	-16.21M	7.3M	230M	-109M	53.24M
Change In Accounts Receivable	6.17M	5.93M	-8.7M	-35.52M	46.84M
Change In Inventories	20.11M	-6.13M	-5M	54.02M	-445K
Change In Accounts Payable	-4.16M	19.42M	2.35M	-101M	-101M
Change In Income Taxes	-	-	-	-	-
Change in Other Net Operating Assets	-9.35M	-2.34M	33.13M	-50.41M	-35.8M
Cash from Operations	92.88M	147M	553M	87.42M	117M
Capital Expenditure	-96.75M	-97.52M	-133M	-583M	-678M
Sale of Property, Plant, and Equipment	684K	83K	-	391K	2.16M
Cash Acquisitions	-	-	-	219M	-
Investment in Marketable and Equity Securities, Total	31.22M	1.12M	1.17M	706K	2.82M
Other Investing Activities, Total	-647K	-56K	-11.44M	-7.9M	-
Cash from Investing	-65.49M	-96.37M	-144M	-371M	-673M
Long-Term Debt Issued, Total	25M	45M	32M	542M	674M
Total Debt Issued	25M	45M	32M	542M	674M
Long-Term Debt Repaid, Total	-36.05M	-71.6M	-220M	-271M	-163M
Total Debt Repaid	-36.05M	-71.6M	-220M	-271M	-163M
Issuance of Common Stock	91K	2.87M	4.36M	3.11M	2.72M
Repurchase of Common Stock	-	-	-	-	-
Other Financing Activities, Total	-10.7M	-10.4M	-20.42M	-81.75M	-5.44M
Cash from Financing	-21.65M	-34.13M	-204M	192M	508M
Foreign Exchange Rate Adjustments	311K	-22K	141K	-606K	3.7M
Net Change in Cash	6.05M	16.64M	206M	-91.79M	-44.29M
Supplemental Items
Cash Interest Paid	15.64M	11.4M	3.52M	7.59M	6.59M
Cash Income Tax Paid (Refund)	17.41M	5.24M	33.27M	69.94M	21.7M
Levered Free Cash Flow	2.96M	45.03M	286M	-362M	-429M
Unlevered Free Cash Flow	13.44M	54.57M	298M	-361M	-415M
Change In Net Working Capital	-13.58M	-18.68M	-135M	126M	3.64M
Net Debt Issued / Repaid	-11.05M	-26.6M	-188M	271M	511M

Fiscal Period: December	2019	2020	2021	2022	2023
Profitability
Return on Assets	0.69	1.71	14.18	3.95	0.19
Return on Total Capital	0.86	2.15	20.91	5.64	0.26
Return On Equity %	1.26	1.41	26.54	6.49	-3.99
Return on Common Equity	1.47	1.63	25.27	6.49	-3.76
Margin Analysis
Gross Profit Margin %	29.12	35.83	56.79	29.54	23.74
SG&A Margin	3.67	3.01	2.64	2.02	1.94
EBITDA Margin %	19.31	21.33	54.55	26.62	13.55
EBITA Margin %	3.53	8.22	44.52	17.31	1.29
EBIT Margin %	3.53	8.22	44.52	17.31	1.29
Income From Continuing Operations Margin %	2.59	2.73	31.82	10.5	-9.27
Net Income Margin %	-3.83	2.77	28.54	9.43	-7.56
Net Avail. For Common Margin %	2.63	2.77	28.54	9.43	-7.56
Normalized Net Income Margin	-0.7	2.9	22.92	9.5	-1.87
Levered Free Cash Flow Margin	0.71	9.92	35.98	-27.9	-31.87
Unlevered Free Cash Flow Margin	3.21	12.03	37.45	-27.85	-30.86
Asset Turnover
Asset Turnover	0.31	0.33	0.51	0.36	0.24
Fixed Assets Turnover	0.38	0.4	0.65	0.43	0.27
Receivables Turnover (Average Receivables)	29.08	23.38	36.45	15.41	10.68
Inventory Turnover (Average Inventory)	5.19	5.49	5.67	8.85	7.07
Short Term Liquidity
Current Ratio	2.23	1.68	1.57	1.4	1.13
Quick Ratio	1.25	0.85	1.27	0.95	0.68
Operating Cash Flow to Current Liabilities	1.68	1.57	2.4	0.21	0.27
Days Sales Outstanding (Average Receivables)	12.55	15.65	10.01	23.69	34.16
Days Outstanding Inventory (Average Inventory)	70.36	66.7	64.34	41.23	51.65
Average Days Payable Outstanding	67.24	77.29	90.34	70.2	98.25
Cash Conversion Cycle (Average Days)	15.67	5.06	-15.99	-5.28	-12.44
Long Term Solvency
Total Debt/Equity	24.45	21.76	1.58	23.99	44.25
Total Debt / Total Capital	19.64	17.87	1.55	19.35	30.67
LT Debt/Equity	24.36	21.58	1.24	23.08	41.29
Long-Term Debt / Total Capital	19.57	17.73	1.22	18.62	28.62
Total Liabilities / Total Assets