FSM FY 2020 Earnings Report — Fortuna Mining Corp. Revenue & Financial Results | Market Cap Arena

Fortuna Mining Corp.FSM

FY 2020 Earnings

Reported March 30, 2021

Quarter Comparison

Revenue

Operating Income

Gross Margin

Net Margin

EPS (Diluted)

Free Cash Flow

Metric	FY 2020	Prior Q	FY 2019	QoQ Change	YoY Change
Revenue	$279M	—	$257M	—	8.5%
Op. Income	$57M	—	$34M	—	67.4%
Gross Margin	39.5%	—	32.9%	—	6.6pp
Net Margin	7.7%	—	9.3%	—	-1.5pp
EPS (Diluted)	$0.12	—	$0.15	—	-20.0%
Free Cash Flow	$352.0K	—	-$161M	—	100.2%

Revenue Flow

Item	Amount
REVENUE	$279M
Cost of Revenue	$169M
GROSS PROFIT	$110M
R&D Expenses	$0
Selling & Marketing	$0
General & Administrative	$35M
SG&A Expenses	$35M
Other Expenses	$18M
Operating Expenses	$53M
Cost & Expenses	$222M
OPERATING INCOME	$57M
Interest Income	$1M
Interest Expense	$2M
Other Income/Expenses	$2M
INCOME BEFORE TAX	$59M
Income Tax Expense	$37M
Net Income from Continuing Ops	$22M
Net Income from Discontinued Ops	$0
Other Adjustments	$0
NET INCOME	$22M
Net Income Deductions	$0
BOTTOM LINE NET INCOME	$22M
D&A	$45M
EBIT	$61M
EBITDA	$107M
EPS	$0
EPS Diluted	$0

Income Statement

Item	Amount
REVENUE	$279M
Cost of Revenue	$169M
GROSS PROFIT	$110M
R&D Expenses	$0
Selling & Marketing	$0
General & Administrative	$35M
SG&A Expenses	$35M
Other Expenses	$18M
Operating Expenses	$53M
Cost & Expenses	$222M
OPERATING INCOME	$57M
Interest Income	$1M
Interest Expense	$2M
Other Income/Expenses	$2M
INCOME BEFORE TAX	$59M
Income Tax Expense	$37M
Net Income from Continuing Ops	$22M
Net Income from Discontinued Ops	$0
Other Adjustments	$0
NET INCOME	$22M
Net Income Deductions	$0
BOTTOM LINE NET INCOME	$22M
D&A	$45M
EBIT	$61M
EBITDA	$107M
EPS	$0
EPS Diluted	$0

Cash Flow Statement

Item	Amount
Net Income	$22M
Depreciation & Amortization	$0
Stock-Based Compensation	$12M
Deferred Income Tax	$37M
Other Non-Cash Items	$31M
Change in Working Capital	-$9M
OPERATING CASH FLOW	$93M
Capital Expenditure	-$93M
Acquisitions (Net)	$0
Purchases of Investments	-$18M
Sales/Maturities of Investments	$11M
Other Investing Activities	-$13M
NET CASH FROM INVESTING	-$114M
Net Debt Issuance	$2M
Common Stock Repurchased	$0
Common Dividends Paid	$0
Other Financing Activities	-$3M
NET CASH FROM FINANCING	$69M
FREE CASH FLOW	$352.0K
Net Change in Cash	$48M

Balance Sheet

Item	Amount
Cash & Equivalents	$132M
Short-Term Investments	$1M
Net Receivables	$77M
Inventory	$35M
Other Current Assets	$659.0K
TOTAL CURRENT ASSETS	$248M
PP&E (Net)	$791M
Goodwill	$0
Intangible Assets	$0
Long-Term Investments	$0
Tax Assets	$0
Other Non-Current Assets	$16M
TOTAL NON-CURRENT ASSETS	$807M
TOTAL ASSETS	$1.1B
Account Payables	$32M
Short-Term Debt	$0
Deferred Revenue	$0
Other Current Liabilities	$257.0K
TOTAL CURRENT LIABILITIES	$96M
Long-Term Debt	$159M
Deferred Revenue NC	$0
Deferred Tax Liabilities	$19M
Other Non-Current Liabilities	$42M
TOTAL NON-CURRENT LIABILITIES	$233M
TOTAL LIABILITIES	$330M
Common Stock	$492M
Additional Paid-In Capital	$0
Retained Earnings	$209M
Treasury Stock	$0
Accum. Other Comp. Income	$25M
Other Equity	$0
TOTAL STOCKHOLDERS' EQUITY	$726M
Minority Interest	$0
TOTAL EQUITY	$726M
TOTAL LIABILITIES & EQUITY	$1.1B
Total Debt	$178M
Net Debt	$46M