Kinross Historical Income Statement

KGC Stock  USD 8.09  0.04  0.49%   
Historical analysis of Kinross Gold income statement accounts such as Operating Income of 817.3 M can show how well Kinross Gold performed in making a profits. Evaluating Kinross Gold income statement over time to spot trends is a great complementary tool to traditional technical analysis and can indicate the direction of Kinross Gold's future profits or losses.
 
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Financial Statement Analysis is much more than just reviewing and examining Kinross Gold latest accounting reports to predict its past. Macroaxis encourages investors to analyze financial statements over time for various trends across multiple indicators and accounts to determine whether Kinross Gold is a good buy for the upcoming year.
  
Check out Correlation Analysis to better understand how to build diversified portfolios, which includes a position in Kinross Gold. Also, note that the market value of any company could be tightly coupled with the direction of predictive economic indicators such as signals in price.
For information on how to trade Kinross Stock refer to our How to Trade Kinross Stock guide.

About Kinross Income Statement Analysis

Kinross Gold Income Statement consists of revenues and expenses along with the resulting net income or loss. It represents the profit for the accounting period attributable to Kinross Gold shareholders. The income statement also shows Kinross investors and management if the firm made money during the period reported. The result of an income statement is the net income that is calculated after subtracting the expenses from revenue. It is essential to investors both as an absolute measure as well as earnings per share (i.e., EPS).

Kinross Gold Income Statement Chart

At present, Kinross Gold's Gross Profit is projected to increase significantly based on the last few years of reporting. The current year's Operating Income is expected to grow to about 817.3 M, whereas Interest Expense is forecasted to decline to about 65.5 M.

Total Revenue

Total revenue comprises all receipts Kinross Gold generated from the sale of its products or services. The total amount of income generated by the sale of goods or services related to the company's primary operations.

Other Operating Expenses

Other Operating Expenses is the expense which generally does not depend on sales or production quantities of Kinross Gold. It is also known as Kinross Gold overhead expenses. Typically these expenses include marketing, rent and utilities, office, leases, and other overhead cost. Expenses incurred from non-core business activities, including administrative and general expenses, but excluding costs directly related to production.
Most accounts from Kinross Gold's income statement are interrelated and interconnected. However, analyzing income statement accounts one by one will only give a small insight into Kinross Gold current financial condition. On the other hand, looking into the entire matrix of income statement accounts, and analyzing their relationships over time can provide a more complete picture of the company financial strength now and in the future. Check out Correlation Analysis to better understand how to build diversified portfolios, which includes a position in Kinross Gold. Also, note that the market value of any company could be tightly coupled with the direction of predictive economic indicators such as signals in price.
For information on how to trade Kinross Stock refer to our How to Trade Kinross Stock guide.At present, Kinross Gold's Gross Profit is projected to increase significantly based on the last few years of reporting. The current year's Operating Income is expected to grow to about 817.3 M, whereas Interest Expense is forecasted to decline to about 65.5 M.
 2023 2024 (projected)
Research Development130.5M69.9M
Other Operating Expenses3.5B2.3B

Kinross Gold income statement Correlations

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Kinross Gold Account Relationship Matchups

Kinross Gold income statement Accounts

201920202021202220232024 (projected)
Interest Expense107.9M112.6M71.5M93.7M69M65.6M
Total Revenue3.5B4.2B3.7B3.5B4.3B4.5B
Gross Profit1.3B2.3B1.0B515.4M994.4M1.0B
Operating Income991.1M1.9B463.6M200.4M778.4M817.3M
Ebit991.1M1.9B463.6M200.4M778.4M817.3M
Ebitda1.8B2.8B1.3B984.4M1.8B1.9B
Net Income718.6M1.3B221.2M(605.2M)416.3M437.1M
Income Tax Expense246.7M439.8M115M76.1M298.6M313.5M
Depreciation And Amortization811.9M854M842.3M784M1.0B1.1B
Selling General Administrative135.8M117.9M126.6M129.8M108.7M101.7M
Other Operating Expenses2.5B2.3B3.3B3.3B3.5B2.3B
Cost Of Revenue2.1B1.9B2.7B2.9B3.3B2.0B
Total Operating Expenses357.8M396.9M568.5M397.7M216.0M331.5M
Income Before Tax963.8M1.8B469.4M106.7M721.6M757.7M
Total Other Income Expense Net(27.3M)(100.9M)5.8M(93.7M)(56.8M)(59.7M)
Minority Interest14.1M66.5M2.5M500K1.5M1.4M
Net Income Applicable To Common Shares718.6M1.3B221.2M(605.2M)(696.0M)(661.2M)
Net Income From Continuing Ops717.1M1.4B218.7M30.6M243.4M255.6M
Tax Provision246.7M439.8M250.7M76.1M197.6M185.5M
Net Interest Income(69M)(108.3M)(59.2M)(49.9M)(30.7M)(32.2M)
Reconciled Depreciation731.3M842.3M840.9M784M967M904.7M

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Additional Information and Resources on Investing in Kinross Stock

When determining whether Kinross Gold offers a strong return on investment in its stock, a comprehensive analysis is essential. The process typically begins with a thorough review of Kinross Gold's financial statements, including income statements, balance sheets, and cash flow statements, to assess its financial health. Key financial ratios are used to gauge profitability, efficiency, and growth potential of Kinross Gold Stock. Outlined below are crucial reports that will aid in making a well-informed decision on Kinross Gold Stock:
Check out Correlation Analysis to better understand how to build diversified portfolios, which includes a position in Kinross Gold. Also, note that the market value of any company could be tightly coupled with the direction of predictive economic indicators such as signals in price.
For information on how to trade Kinross Stock refer to our How to Trade Kinross Stock guide.
You can also try the Volatility Analysis module to get historical volatility and risk analysis based on latest market data.
Is Metals & Mining space expected to grow? Or is there an opportunity to expand the business' product line in the future? Factors like these will boost the valuation of Kinross Gold. If investors know Kinross will grow in the future, the company's valuation will be higher. The financial industry is built on trying to define current growth potential and future valuation accurately. All the valuation information about Kinross Gold listed above have to be considered, but the key to understanding future value is determining which factors weigh more heavily than others.
Quarterly Earnings Growth
0.244
Dividend Share
0.12
Earnings Share
0.36
Revenue Per Share
3.577
Quarterly Revenue Growth
0.164
The market value of Kinross Gold is measured differently than its book value, which is the value of Kinross that is recorded on the company's balance sheet. Investors also form their own opinion of Kinross Gold's value that differs from its market value or its book value, called intrinsic value, which is Kinross Gold's true underlying value. Investors use various methods to calculate intrinsic value and buy a stock when its market value falls below its intrinsic value. Because Kinross Gold's market value can be influenced by many factors that don't directly affect Kinross Gold's underlying business (such as a pandemic or basic market pessimism), market value can vary widely from intrinsic value.
Please note, there is a significant difference between Kinross Gold's value and its price as these two are different measures arrived at by different means. Investors typically determine if Kinross Gold is a good investment by looking at such factors as earnings, sales, fundamental and technical indicators, competition as well as analyst projections. However, Kinross Gold's price is the amount at which it trades on the open market and represents the number that a seller and buyer find agreeable to each party.