RIO Q2 2019 Earnings Report — Rio Tinto Group Revenue & Financial Results | Market Cap Arena

Rio Tinto GroupRIO

Q2 2019 Earnings

Reported August 1, 2019

Quarter Comparison

Revenue

Operating Income

Gross Margin

Net Margin

EPS (Diluted)

Free Cash Flow

Metric	Q2 2019	Q1 2019	Q2 2018	QoQ Change	YoY Change
Revenue	$20.7B	—	$19.9B	—	4.1%
Op. Income	$7.6B	—	$6.0B	—	26.8%
Gross Margin	36.8%	—	32.3%	—	4.4pp
Net Margin	19.9%	—	22.0%	—	-2.1pp
EPS (Diluted)	$2.51	—	$2.50	—	0.4%
Free Cash Flow	$4.1B	—	$2.9B	—	41.5%

Revenue Flow

Item	Amount
REVENUE	$20.7B
Cost of Revenue	$13.1B
GROSS PROFIT	$7.6B
R&D Expenses	$0
Selling & Marketing	$0
General & Administrative	$0
SG&A Expenses	$287M
Other Expenses	$0
Operating Expenses	$2.8B
Cost & Expenses	$13.1B
OPERATING INCOME	$7.6B
Interest Income	$175M
Interest Expense	$439M
Other Income/Expenses	-$2.6B
INCOME BEFORE TAX	$5.0B
Income Tax Expense	$2.3B
Net Income from Continuing Ops	$2.9B
Net Income from Discontinued Ops	$0
Other Adjustments	$0
NET INCOME	$4.1B
Net Income Deductions	$0
BOTTOM LINE NET INCOME	$4.1B
D&A	$2.1B
EBIT	$7.3B
EBITDA	$9.4B
EPS	$3
EPS Diluted	$3

Income Statement

Item	Amount
REVENUE	$20.7B
Cost of Revenue	$13.1B
GROSS PROFIT	$7.6B
R&D Expenses	$0
Selling & Marketing	$0
General & Administrative	$0
SG&A Expenses	$287M
Other Expenses	$0
Operating Expenses	$2.8B
Cost & Expenses	$13.1B
OPERATING INCOME	$7.6B
Interest Income	$175M
Interest Expense	$439M
Other Income/Expenses	-$2.6B
INCOME BEFORE TAX	$5.0B
Income Tax Expense	$2.3B
Net Income from Continuing Ops	$2.9B
Net Income from Discontinued Ops	$0
Other Adjustments	$0
NET INCOME	$4.1B
Net Income Deductions	$0
BOTTOM LINE NET INCOME	$4.1B
D&A	$2.1B
EBIT	$7.3B
EBITDA	$9.4B
EPS	$3
EPS Diluted	$3

Cash Flow Statement

Item	Amount
Net Income	$4.1B
Depreciation & Amortization	$2.1B
Stock-Based Compensation	$0
Deferred Income Tax	$0
Other Non-Cash Items	$5.2B
Change in Working Capital	-$372M
OPERATING CASH FLOW	$6.4B
Capital Expenditure	-$2.4B
Acquisitions (Net)	$106M
Purchases of Investments	-$59M
Sales/Maturities of Investments	$7M
Other Investing Activities	$5M
NET CASH FROM INVESTING	-$2.3B
Net Debt Issuance	-$93M
Common Stock Repurchased	-$988M
Common Dividends Paid	-$2.9B
Other Financing Activities	-$57M
NET CASH FROM FINANCING	-$8.0B
FREE CASH FLOW	$4.1B
Net Change in Cash	-$3.9B

Balance Sheet

Item	Amount
Cash & Equivalents	$6.9B
Short-Term Investments	$2.8B
Net Receivables	$3.3B
Inventory	$3.6B
Other Current Assets	$534M
TOTAL CURRENT ASSETS	$16.9B
PP&E (Net)	$56.3B
Goodwill	$919M
Intangible Assets	$2.6B
Long-Term Investments	$2.4B
Tax Assets	$3.1B
Other Non-Current Assets	$4.5B
TOTAL NON-CURRENT ASSETS	$69.9B
TOTAL ASSETS	$86.8B
Account Payables	$6.4B
Short-Term Debt	$2.0B
Deferred Revenue	-$2.0B
Other Current Liabilities	$2.4B
TOTAL CURRENT LIABILITIES	$11.1B
Long-Term Debt	$13.3B
Deferred Revenue NC	-$13.3B
Deferred Tax Liabilities	$3.5B
Other Non-Current Liabilities	$13.6B
TOTAL NON-CURRENT LIABILITIES	$31.4B
TOTAL LIABILITIES	$42.5B
Common Stock	$3.7B
Additional Paid-In Capital	$4.3B
Retained Earnings	$22.7B
Treasury Stock	$0
Accum. Other Comp. Income	$8.9B
Other Equity	$0
TOTAL STOCKHOLDERS' EQUITY	$39.6B
Minority Interest	$4.7B
TOTAL EQUITY	$44.3B
TOTAL LIABILITIES & EQUITY	$86.8B
Total Debt	$15.3B
Net Debt	$8.5B