FSM FY 2017 Earnings Report — Fortuna Mining Corp. Revenue & Financial Results | Market Cap Arena

Fortuna Mining Corp.FSM

FY 2017 Earnings

Reported December 31, 2017

Quarter Comparison

Revenue

Operating Income

Gross Margin

Net Margin

EPS (Diluted)

Free Cash Flow

Metric	FY 2017	Prior Q	FY 2016	QoQ Change	YoY Change
Revenue	$268M	—	$210M	—	27.5%
Op. Income	$110M	—	$49M	—	127.3%
Gross Margin	40.9%	—	38.3%	—	2.5pp
Net Margin	24.7%	—	8.5%	—	16.2pp
EPS (Diluted)	$0.42	—	$0.13	—	223.1%
Free Cash Flow	$23M	—	$12M	—	85.6%

Revenue Flow

Item	Amount
REVENUE	$268M
Cost of Revenue	$159M
GROSS PROFIT	$110M
R&D Expenses	$0
Selling & Marketing	$0
General & Administrative	$25M
SG&A Expenses	$25M
Other Expenses	$1M
Operating Expenses	$26M
Cost & Expenses	$185M
OPERATING INCOME	$110M
Interest Income	$2M
Interest Expense	$2M
Other Income/Expenses	-$5M
INCOME BEFORE TAX	$105M
Income Tax Expense	$39M
Net Income from Continuing Ops	$66M
Net Income from Discontinued Ops	$0
Other Adjustments	$0
NET INCOME	$66M
Net Income Deductions	$0
BOTTOM LINE NET INCOME	$66M
D&A	$45M
EBIT	$107M
EBITDA	$150M
EPS	$0
EPS Diluted	$0

Income Statement

Item	Amount
REVENUE	$268M
Cost of Revenue	$159M
GROSS PROFIT	$110M
R&D Expenses	$0
Selling & Marketing	$0
General & Administrative	$25M
SG&A Expenses	$25M
Other Expenses	$1M
Operating Expenses	$26M
Cost & Expenses	$185M
OPERATING INCOME	$110M
Interest Income	$2M
Interest Expense	$2M
Other Income/Expenses	-$5M
INCOME BEFORE TAX	$105M
Income Tax Expense	$39M
Net Income from Continuing Ops	$66M
Net Income from Discontinued Ops	$0
Other Adjustments	$0
NET INCOME	$66M
Net Income Deductions	$0
BOTTOM LINE NET INCOME	$66M
D&A	$45M
EBIT	$107M
EBITDA	$150M
EPS	$0
EPS Diluted	$0

Cash Flow Statement

Item	Amount
Net Income	$66M
Depreciation & Amortization	-$18M
Stock-Based Compensation	-$36.0K
Deferred Income Tax	$39M
Other Non-Cash Items	$698.0K
Change in Working Capital	-$18M
OPERATING CASH FLOW	$70M
Capital Expenditure	-$47M
Acquisitions (Net)	$48.7K
Purchases of Investments	-$153M
Sales/Maturities of Investments	$161M
Other Investing Activities	$47.0K
NET CASH FROM INVESTING	-$39M
Net Debt Issuance	-$2M
Common Stock Repurchased	$0
Common Dividends Paid	$0
Other Financing Activities	-$5M
NET CASH FROM FINANCING	$70M
FREE CASH FLOW	$23M
Net Change in Cash	$101M

Balance Sheet

Item	Amount
Cash & Equivalents	$183M
Short-Term Investments	$30M
Net Receivables	$35M
Inventory	$18M
Other Current Assets	$4M
TOTAL CURRENT ASSETS	$272M
PP&E (Net)	$430M
Goodwill	$0
Intangible Assets	$0
Long-Term Investments	$3M
Tax Assets	$0
Other Non-Current Assets	$1M
TOTAL NON-CURRENT ASSETS	$434M
TOTAL ASSETS	$707M
Account Payables	$14M
Short-Term Debt	$0
Deferred Revenue	$44M
Other Current Liabilities	$19M
TOTAL CURRENT LIABILITIES	$61M
Long-Term Debt	$40M
Deferred Revenue NC	$13M
Deferred Tax Liabilities	$29M
Other Non-Current Liabilities	$30M
TOTAL NON-CURRENT LIABILITIES	$82M
TOTAL LIABILITIES	$143M
Common Stock	$418M
Additional Paid-In Capital	$418M
Retained Earnings	$129M
Treasury Stock	$0
Accum. Other Comp. Income	$16M
Other Equity	-$418M
TOTAL STOCKHOLDERS' EQUITY	$564M
Minority Interest	$0
TOTAL EQUITY	$564M
TOTAL LIABILITIES & EQUITY	$707M
Total Debt	$41M
Net Debt	-$142M