RIO Q4 2022 Earnings Report — Rio Tinto Group Revenue & Financial Results | Market Cap Arena

Rio Tinto GroupRIO

Q4 2022 Earnings

Reported February 24, 2023

Quarter Comparison

Revenue

Operating Income

Gross Margin

Net Margin

EPS (Diluted)

Free Cash Flow

Metric	Q4 2022	Q3 2022	Q4 2021	QoQ Change	YoY Change
Revenue	$27.0B	—	$30.7B	—	-11.9%
Op. Income	$8.1B	—	$12.8B	—	-36.8%
Gross Margin	29.8%	—	41.6%	—	-11.8pp
Net Margin	13.6%	—	28.9%	—	-15.2pp
EPS (Diluted)	$2.26	—	$7.27	—	-68.9%
Free Cash Flow	$2.9B	—	$8.5B	—	-65.7%

Revenue Flow

Item	Amount
REVENUE	$27.0B
Cost of Revenue	$19.0B
GROSS PROFIT	$8.1B
R&D Expenses	$76M
Selling & Marketing	$0
General & Administrative	$0
SG&A Expenses	$1.0B
Other Expenses	$0
Operating Expenses	$2.1B
Cost & Expenses	$19.0B
OPERATING INCOME	$8.1B
Interest Income	$170M
Interest Expense	$512M
Other Income/Expenses	-$1.7B
INCOME BEFORE TAX	$6.3B
Income Tax Expense	$2.8B
Net Income from Continuing Ops	$3.5B
Net Income from Discontinued Ops	$0
Other Adjustments	$324M
NET INCOME	$3.7B
Net Income Deductions	$0
BOTTOM LINE NET INCOME	$3.7B
D&A	$2.7B
EBIT	$6.6B
EBITDA	$9.3B
EPS	$2
EPS Diluted	$2

Income Statement

Item	Amount
REVENUE	$27.0B
Cost of Revenue	$19.0B
GROSS PROFIT	$8.1B
R&D Expenses	$76M
Selling & Marketing	$0
General & Administrative	$0
SG&A Expenses	$1.0B
Other Expenses	$0
Operating Expenses	$2.1B
Cost & Expenses	$19.0B
OPERATING INCOME	$8.1B
Interest Income	$170M
Interest Expense	$512M
Other Income/Expenses	-$1.7B
INCOME BEFORE TAX	$6.3B
Income Tax Expense	$2.8B
Net Income from Continuing Ops	$3.5B
Net Income from Discontinued Ops	$0
Other Adjustments	$324M
NET INCOME	$3.7B
Net Income Deductions	$0
BOTTOM LINE NET INCOME	$3.7B
D&A	$2.7B
EBIT	$6.6B
EBITDA	$9.3B
EPS	$2
EPS Diluted	$2

Cash Flow Statement

Item	Amount
Net Income	$3.7B
Depreciation & Amortization	$2.7B
Stock-Based Compensation	$122M
Deferred Income Tax	$771M
Other Non-Cash Items	$5.2B
Change in Working Capital	-$45M
OPERATING CASH FLOW	$6.9B
Capital Expenditure	-$3.9B
Acquisitions (Net)	-$3.8B
Purchases of Investments	$803M
Sales/Maturities of Investments	$884M
Other Investing Activities	$43M
NET CASH FROM INVESTING	-$6.1B
Net Debt Issuance	-$425M
Common Stock Repurchased	$0
Common Dividends Paid	-$4.7B
Other Financing Activities	-$640M
NET CASH FROM FINANCING	-$5.8B
FREE CASH FLOW	$2.9B
Net Change in Cash	-$4.6B

Balance Sheet

Item	Amount
Cash & Equivalents	$6.8B
Short-Term Investments	$2.2B
Net Receivables	$3.4B
Inventory	$6.2B
Other Current Assets	$1.2B
TOTAL CURRENT ASSETS	$19.0B
PP&E (Net)	$64.7B
Goodwill	$826M
Intangible Assets	$3.6B
Long-Term Investments	$1.5B
Tax Assets	$2.8B
Other Non-Current Assets	$4.3B
TOTAL NON-CURRENT ASSETS	$77.8B
TOTAL ASSETS	$96.7B
Account Payables	$3.3B
Short-Term Debt	$923M
Deferred Revenue	$0
Other Current Liabilities	$3.5B
TOTAL CURRENT LIABILITIES	$11.6B
Long-Term Debt	$10.1B
Deferred Revenue NC	$114M
Deferred Tax Liabilities	$3.6B
Other Non-Current Liabilities	$18.5B
TOTAL NON-CURRENT LIABILITIES	$32.9B
TOTAL LIABILITIES	$44.5B
Common Stock	$3.5B
Additional Paid-In Capital	$4.3B
Retained Earnings	$34.5B
Treasury Stock	$0
Accum. Other Comp. Income	$7.8B
Other Equity	$0
TOTAL STOCKHOLDERS' EQUITY	$50.2B
Minority Interest	$2.1B
TOTAL EQUITY	$52.3B
TOTAL LIABILITIES & EQUITY	$96.7B
Total Debt	$12.3B
Net Debt	$5.5B