RIO Q2 2020 Earnings Report — Rio Tinto Group Revenue & Financial Results | Market Cap Arena

Rio Tinto GroupRIO

Q2 2020 Earnings

Reported July 29, 2020

Quarter Comparison

Revenue

Operating Income

Gross Margin

Net Margin

EPS (Diluted)

Free Cash Flow

Metric	Q2 2020	Q1 2020	Q2 2019	QoQ Change	YoY Change
Revenue	$19.4B	—	$20.7B	—	-6.6%
Op. Income	$6.9B	—	$7.6B	—	-9.9%
Gross Margin	35.5%	—	36.8%	—	-1.3pp
Net Margin	17.1%	—	19.9%	—	-2.8pp
EPS (Diluted)	$2.04	—	$2.51	—	-18.7%
Free Cash Flow	$3.1B	—	$4.1B	—	-22.3%

Revenue Flow

Item	Amount
REVENUE	$19.4B
Cost of Revenue	$12.5B
GROSS PROFIT	$6.9B
R&D Expenses	$0
Selling & Marketing	$0
General & Administrative	$0
SG&A Expenses	$280M
Other Expenses	$0
Operating Expenses	$2.0B
Cost & Expenses	$12.5B
OPERATING INCOME	$6.9B
Interest Income	$104M
Interest Expense	$344M
Other Income/Expenses	-$1.8B
INCOME BEFORE TAX	$5.1B
Income Tax Expense	$1.8B
Net Income from Continuing Ops	$3.5B
Net Income from Discontinued Ops	$0
Other Adjustments	$0
NET INCOME	$3.3B
Net Income Deductions	$0
BOTTOM LINE NET INCOME	$3.3B
D&A	$2.1B
EBIT	$6.4B
EBITDA	$8.5B
EPS	$2
EPS Diluted	$2

Income Statement

Item	Amount
REVENUE	$19.4B
Cost of Revenue	$12.5B
GROSS PROFIT	$6.9B
R&D Expenses	$0
Selling & Marketing	$0
General & Administrative	$0
SG&A Expenses	$280M
Other Expenses	$0
Operating Expenses	$2.0B
Cost & Expenses	$12.5B
OPERATING INCOME	$6.9B
Interest Income	$104M
Interest Expense	$344M
Other Income/Expenses	-$1.8B
INCOME BEFORE TAX	$5.1B
Income Tax Expense	$1.8B
Net Income from Continuing Ops	$3.5B
Net Income from Discontinued Ops	$0
Other Adjustments	$0
NET INCOME	$3.3B
Net Income Deductions	$0
BOTTOM LINE NET INCOME	$3.3B
D&A	$2.1B
EBIT	$6.4B
EBITDA	$8.5B
EPS	$2
EPS Diluted	$2

Cash Flow Statement

Item	Amount
Net Income	$3.3B
Depreciation & Amortization	$2.1B
Stock-Based Compensation	$0
Deferred Income Tax	$0
Other Non-Cash Items	$4.7B
Change in Working Capital	-$43M
OPERATING CASH FLOW	$5.8B
Capital Expenditure	-$2.7B
Acquisitions (Net)	$117M
Purchases of Investments	-$34M
Sales/Maturities of Investments	$87M
Other Investing Activities	-$333M
NET CASH FROM INVESTING	-$2.9B
Net Debt Issuance	-$709M
Common Stock Repurchased	-$208M
Common Dividends Paid	-$3.6B
Other Financing Activities	-$215M
NET CASH FROM FINANCING	-$4.7B
FREE CASH FLOW	$3.1B
Net Change in Cash	-$1.8B

Balance Sheet

Item	Amount
Cash & Equivalents	$6.3B
Short-Term Investments	$2.7B
Net Receivables	$2.6B
Inventory	$3.6B
Other Current Assets	$133M
TOTAL CURRENT ASSETS	$15.2B
PP&E (Net)	$55.8B
Goodwill	$821M
Intangible Assets	$2.5B
Long-Term Investments	$2.2B
Tax Assets	$3.2B
Other Non-Current Assets	$4.8B
TOTAL NON-CURRENT ASSETS	$69.4B
TOTAL ASSETS	$84.5B
Account Payables	$6.2B
Short-Term Debt	$588M
Deferred Revenue	-$645M
Other Current Liabilities	$2.3B
TOTAL CURRENT LIABILITIES	$9.4B
Long-Term Debt	$13.5B
Deferred Revenue NC	$0
Deferred Tax Liabilities	$2.9B
Other Non-Current Liabilities	$13.9B
TOTAL NON-CURRENT LIABILITIES	$31.5B
TOTAL LIABILITIES	$40.9B
Common Stock	$3.6B
Additional Paid-In Capital	$4.3B
Retained Earnings	$23.0B
Treasury Stock	$0
Accum. Other Comp. Income	$8.4B
Other Equity	$0
TOTAL STOCKHOLDERS' EQUITY	$39.2B
Minority Interest	$4.4B
TOTAL EQUITY	$43.7B
TOTAL LIABILITIES & EQUITY	$84.5B
Total Debt	$14.1B
Net Debt	$7.8B