RIO Q2 2014 Earnings Report — Rio Tinto Group Revenue & Financial Results | Market Cap Arena

Rio Tinto GroupRIO

Q2 2014 Earnings

Reported August 8, 2014

Quarter Comparison

Revenue

Operating Income

Gross Margin

Net Margin

EPS (Diluted)

Free Cash Flow

Metric	Q2 2014	Q1 2014	Q2 2013	QoQ Change	YoY Change
Revenue	$24.3B	—	$24.5B	—	-0.7%
Op. Income	$6.9B	—	$5.7B	—	20.7%
Gross Margin	30.6%	—	26.2%	—	4.4pp
Net Margin	18.1%	—	7.0%	—	11.1pp
EPS (Diluted)	$2.37	—	$0.93	—	154.8%
Free Cash Flow	$1.6B	—	-$1.4B	—	211.6%

Revenue Flow

Item	Amount
REVENUE	$24.3B
Cost of Revenue	$16.9B
GROSS PROFIT	$7.4B
R&D Expenses	$0
Selling & Marketing	$0
General & Administrative	$0
SG&A Expenses	$340M
Other Expenses	$0
Operating Expenses	$1.3B
Cost & Expenses	$18.2B
OPERATING INCOME	$6.9B
Interest Income	$72M
Interest Expense	$0
Other Income/Expenses	$509M
INCOME BEFORE TAX	$6.1B
Income Tax Expense	$1.8B
Net Income from Continuing Ops	$4.3B
Net Income from Discontinued Ops	$0
Other Adjustments	$0
NET INCOME	$4.4B
Net Income Deductions	$0
BOTTOM LINE NET INCOME	$4.4B
D&A	$2.3B
EBIT	$6.9B
EBITDA	$9.2B
EPS	$2
EPS Diluted	$2

Income Statement

Item	Amount
REVENUE	$24.3B
Cost of Revenue	$16.9B
GROSS PROFIT	$7.4B
R&D Expenses	$0
Selling & Marketing	$0
General & Administrative	$0
SG&A Expenses	$340M
Other Expenses	$0
Operating Expenses	$1.3B
Cost & Expenses	$18.2B
OPERATING INCOME	$6.9B
Interest Income	$72M
Interest Expense	$0
Other Income/Expenses	$509M
INCOME BEFORE TAX	$6.1B
Income Tax Expense	$1.8B
Net Income from Continuing Ops	$4.3B
Net Income from Discontinued Ops	$0
Other Adjustments	$0
NET INCOME	$4.4B
Net Income Deductions	$0
BOTTOM LINE NET INCOME	$4.4B
D&A	$2.3B
EBIT	$6.9B
EBITDA	$9.2B
EPS	$2
EPS Diluted	$2

Cash Flow Statement

Item	Amount
Net Income	$4.4B
Depreciation & Amortization	$2.3B
Stock-Based Compensation	$303M
Deferred Income Tax	-$898M
Other Non-Cash Items	-$2.1B
Change in Working Capital	$595M
OPERATING CASH FLOW	$5.5B
Capital Expenditure	-$3.8B
Acquisitions (Net)	$0
Purchases of Investments	$0
Sales/Maturities of Investments	$0
Other Investing Activities	$1.1B
NET CASH FROM INVESTING	-$2.7B
Net Debt Issuance	-$2.7B
Common Stock Repurchased	$0
Common Dividends Paid	-$2.0B
Other Financing Activities	$1.3B
NET CASH FROM FINANCING	-$3.4B
FREE CASH FLOW	$1.6B
Net Change in Cash	-$633M

Balance Sheet

Item	Amount
Cash & Equivalents	$9.6B
Short-Term Investments	$500M
Net Receivables	$4.3B
Inventory	$5.6B
Other Current Assets	$64M
TOTAL CURRENT ASSETS	$20.1B
PP&E (Net)	$73.3B
Goodwill	$1.4B
Intangible Assets	$6.3B
Long-Term Investments	$5.0B
Tax Assets	$4.0B
Other Non-Current Assets	$2.5B
TOTAL NON-CURRENT ASSETS	$92.5B
TOTAL ASSETS	$112.6B
Account Payables	$7.1B
Short-Term Debt	$2.5B
Deferred Revenue	-$2.5B
Other Current Liabilities	$2.7B
TOTAL CURRENT LIABILITIES	$12.3B
Long-Term Debt	$23.6B
Deferred Revenue NC	-$23.6B
Deferred Tax Liabilities	$4.0B
Other Non-Current Liabilities	$18.9B
TOTAL NON-CURRENT LIABILITIES	$42.6B
TOTAL LIABILITIES	$54.8B
Common Stock	$5.4B
Additional Paid-In Capital	$4.3B
Retained Earnings	$25.7B
Treasury Stock	$0
Accum. Other Comp. Income	$13.6B
Other Equity	$0
TOTAL STOCKHOLDERS' EQUITY	$49.0B
Minority Interest	$8.8B
TOTAL EQUITY	$57.8B
TOTAL LIABILITIES & EQUITY	$112.6B
Total Debt	$26.1B
Net Debt	$16.5B