PAAS FY 2019 Earnings Report — Pan American Silver Corp. Revenue & Financial Results | Market Cap Arena

Pan American Silver Corp.PAAS

FY 2019 Earnings

Reported March 12, 2020

Quarter Comparison

Revenue

Operating Income

Gross Margin

Net Margin

EPS (Diluted)

Free Cash Flow

Metric	FY 2019	Prior Q	FY 2018	QoQ Change	YoY Change
Revenue	$1.4B	—	—	—	—
Op. Income	$127M	—	—	—	—
Gross Margin	15.2%	—	—	—	—
Net Margin	8.2%	—	—	—	—
EPS (Diluted)	$0.55	—	—	—	—
Free Cash Flow	$75M	—	—	—	—

Revenue Flow

Item	Amount
REVENUE	$1.4B
Cost of Revenue	$1.1B
GROSS PROFIT	$206M
R&D Expenses	$0
Selling & Marketing	$0
General & Administrative	$32M
SG&A Expenses	$32M
Other Expenses	$47M
Operating Expenses	$79M
Cost & Expenses	$1.2B
OPERATING INCOME	$127M
Interest Income	$87M
Interest Expense	$20M
Other Income/Expenses	$55M
INCOME BEFORE TAX	$183M
Income Tax Expense	$71M
Net Income from Continuing Ops	$111M
Net Income from Discontinued Ops	$0
Other Adjustments	$0
NET INCOME	$111M
Net Income Deductions	$0
BOTTOM LINE NET INCOME	$111M
D&A	$253M
EBIT	$199M
EBITDA	$453M
EPS	$1
EPS Diluted	$1

Income Statement

Item	Amount
REVENUE	$1.4B
Cost of Revenue	$1.1B
GROSS PROFIT	$206M
R&D Expenses	$0
Selling & Marketing	$0
General & Administrative	$32M
SG&A Expenses	$32M
Other Expenses	$47M
Operating Expenses	$79M
Cost & Expenses	$1.2B
OPERATING INCOME	$127M
Interest Income	$87M
Interest Expense	$20M
Other Income/Expenses	$55M
INCOME BEFORE TAX	$183M
Income Tax Expense	$71M
Net Income from Continuing Ops	$111M
Net Income from Discontinued Ops	$0
Other Adjustments	$0
NET INCOME	$111M
Net Income Deductions	$0
BOTTOM LINE NET INCOME	$111M
D&A	$253M
EBIT	$199M
EBITDA	$453M
EPS	$1
EPS Diluted	$1

Cash Flow Statement

Item	Amount
Net Income	$111M
Depreciation & Amortization	$253M
Stock-Based Compensation	$4M
Deferred Income Tax	$71M
Other Non-Cash Items	-$130M
Change in Working Capital	-$28M
OPERATING CASH FLOW	$282M
Capital Expenditure	-$207M
Acquisitions (Net)	-$247M
Purchases of Investments	$0
Sales/Maturities of Investments	$42M
Other Investing Activities	$10M
NET CASH FROM INVESTING	-$402M
Net Debt Issuance	$134M
Common Stock Repurchased	$0
Common Dividends Paid	-$29M
Other Financing Activities	-$4M
NET CASH FROM FINANCING	$103M
FREE CASH FLOW	$75M
Net Change in Cash	-$18M

Balance Sheet

Item	Amount
Cash & Equivalents	$121M
Short-Term Investments	$118M
Net Receivables	$186M
Inventory	$347M
Other Current Assets	$1M
TOTAL CURRENT ASSETS	$789M
PP&E (Net)	$2.5B
Goodwill	$5M
Intangible Assets	$0
Long-Term Investments	$84M
Tax Assets	$36M
Other Non-Current Assets	$42M
TOTAL NON-CURRENT ASSETS	$2.7B
TOTAL ASSETS	$3.5B
Account Payables	$67M
Short-Term Debt	$0
Deferred Revenue	$0
Other Current Liabilities	$8M
TOTAL CURRENT LIABILITIES	$272M
Long-Term Debt	$275M
Deferred Revenue NC	$13M
Deferred Tax Liabilities	$177M
Other Non-Current Liabilities	$231M
TOTAL NON-CURRENT LIABILITIES	$722M
TOTAL LIABILITIES	$994M
Common Stock	$3.1B
Additional Paid-In Capital	$0
Retained Earnings	-$755M
Treasury Stock	$0
Accum. Other Comp. Income	$0
Other Equity	$94M
TOTAL STOCKHOLDERS' EQUITY	$2.5B
Minority Interest	$5M
TOTAL EQUITY	$2.5B
TOTAL LIABILITIES & EQUITY	$3.5B
Total Debt	$316M
Net Debt	$196M