RIO Q2 2021 Earnings Report — Rio Tinto Group Revenue & Financial Results | Market Cap Arena

Rio Tinto GroupRIO

Q2 2021 Earnings

Reported July 28, 2021

Quarter Comparison

Revenue

Operating Income

Gross Margin

Net Margin

EPS (Diluted)

Free Cash Flow

Metric	Q2 2021	Q1 2021	Q2 2020	QoQ Change	YoY Change
Revenue	$33.1B	—	$19.4B	—	70.9%
Op. Income	$17.4B	—	$6.9B	—	154.0%
Gross Margin	52.7%	—	35.5%	—	17.3pp
Net Margin	37.2%	—	17.1%	—	20.1pp
EPS (Diluted)	$10.45	—	$2.04	—	412.3%
Free Cash Flow	$10.7B	—	$3.1B	—	240.7%

Revenue Flow

Item	Amount
REVENUE	$33.1B
Cost of Revenue	$15.6B
GROSS PROFIT	$17.4B
R&D Expenses	$0
Selling & Marketing	$0
General & Administrative	$0
SG&A Expenses	$324M
Other Expenses	$0
Operating Expenses	$337M
Cost & Expenses	$15.6B
OPERATING INCOME	$17.4B
Interest Income	$42M
Interest Expense	$265M
Other Income/Expenses	$612M
INCOME BEFORE TAX	$17.5B
Income Tax Expense	$5.0B
Net Income from Continuing Ops	$13.1B
Net Income from Discontinued Ops	$0
Other Adjustments	$0
NET INCOME	$12.3B
Net Income Deductions	$0
BOTTOM LINE NET INCOME	$12.3B
D&A	$2.3B
EBIT	$17.6B
EBITDA	$19.9B
EPS	$10
EPS Diluted	$10

Income Statement

Item	Amount
REVENUE	$33.1B
Cost of Revenue	$15.6B
GROSS PROFIT	$17.4B
R&D Expenses	$0
Selling & Marketing	$0
General & Administrative	$0
SG&A Expenses	$324M
Other Expenses	$0
Operating Expenses	$337M
Cost & Expenses	$15.6B
OPERATING INCOME	$17.4B
Interest Income	$42M
Interest Expense	$265M
Other Income/Expenses	$612M
INCOME BEFORE TAX	$17.5B
Income Tax Expense	$5.0B
Net Income from Continuing Ops	$13.1B
Net Income from Discontinued Ops	$0
Other Adjustments	$0
NET INCOME	$12.3B
Net Income Deductions	$0
BOTTOM LINE NET INCOME	$12.3B
D&A	$2.3B
EBIT	$17.6B
EBITDA	$19.9B
EPS	$10
EPS Diluted	$10

Cash Flow Statement

Item	Amount
Net Income	$12.3B
Depreciation & Amortization	$2.3B
Stock-Based Compensation	$0
Deferred Income Tax	$0
Other Non-Cash Items	$6.6B
Change in Working Capital	-$1.3B
OPERATING CASH FLOW	$14.1B
Capital Expenditure	-$3.3B
Acquisitions (Net)	$64M
Purchases of Investments	-$18M
Sales/Maturities of Investments	$44M
Other Investing Activities	-$33M
NET CASH FROM INVESTING	-$3.3B
Net Debt Issuance	-$290M
Common Stock Repurchased	$0
Common Dividends Paid	-$4.9B
Other Financing Activities	-$401M
NET CASH FROM FINANCING	-$7.1B
FREE CASH FLOW	$10.7B
Net Change in Cash	$3.6B

Balance Sheet

Item	Amount
Cash & Equivalents	$14.0B
Short-Term Investments	$2.9B
Net Receivables	$4.4B
Inventory	$4.4B
Other Current Assets	$55M
TOTAL CURRENT ASSETS	$25.8B
PP&E (Net)	$63.8B
Goodwill	$945M
Intangible Assets	$2.8B
Long-Term Investments	$1.4B
Tax Assets	$3.4B
Other Non-Current Assets	$5.3B
TOTAL NON-CURRENT ASSETS	$77.7B
TOTAL ASSETS	$103.4B
Account Payables	$7.5B
Short-Term Debt	$0
Deferred Revenue	-$704M
Other Current Liabilities	$4.2B
TOTAL CURRENT LIABILITIES	$12.1B
Long-Term Debt	$13.2B
Deferred Revenue NC	$0
Deferred Tax Liabilities	$3.5B
Other Non-Current Liabilities	$16.5B
TOTAL NON-CURRENT LIABILITIES	$33.2B
TOTAL LIABILITIES	$45.3B
Common Stock	$3.9B
Additional Paid-In Capital	$4.3B
Retained Earnings	$33.2B
Treasury Stock	$0
Accum. Other Comp. Income	$11.5B
Other Equity	$0
TOTAL STOCKHOLDERS' EQUITY	$53.0B
Minority Interest	$5.2B
TOTAL EQUITY	$58.2B
TOTAL LIABILITIES & EQUITY	$103.4B
Total Debt	$13.9B
Net Debt	-$113M