TECK Q2 2022 Earnings Report — Teck Resources Limited Revenue & Financial Results | Market Cap Arena

Teck Resources LimitedTECK

Q2 2022 Earnings

Reported June 30, 2022

Quarter Comparison

Revenue

Operating Income

Gross Margin

Net Margin

EPS (Diluted)

Free Cash Flow

Metric	Q2 2022	Q1 2022	Q2 2021	QoQ Change	YoY Change
Revenue	$3.9B	—	$1.9B	—	107.2%
Op. Income	$1.9B	—	$394M	—	394.6%
Gross Margin	59.3%	—	26.9%	—	32.3pp
Net Margin	31.6%	—	10.2%	—	21.4pp
EPS (Diluted)	$2.24	—	$0.35	—	538.0%
Free Cash Flow	$1.2B	—	-$474M	—	346.9%

Revenue Flow

Item	Amount
REVENUE	$3.9B
Cost of Revenue	$1.6B
GROSS PROFIT	$2.3B
R&D Expenses	$25M
Selling & Marketing	$0
General & Administrative	$40M
SG&A Expenses	$40M
Other Expenses	$283M
Operating Expenses	$348M
Cost & Expenses	$1.9B
OPERATING INCOME	$1.9B
Interest Income	$4M
Interest Expense	$8M
Other Income/Expenses	-$105M
INCOME BEFORE TAX	$1.8B
Income Tax Expense	$679M
Net Income from Continuing Ops	$1.2B
Net Income from Discontinued Ops	$68M
Other Adjustments	$0
NET INCOME	$1.2B
Net Income Deductions	$0
BOTTOM LINE NET INCOME	$1.2B
D&A	$305M
EBIT	$1.8B
EBITDA	$2.1B
EPS	$2
EPS Diluted	$2

Income Statement

Item	Amount
REVENUE	$3.9B
Cost of Revenue	$1.6B
GROSS PROFIT	$2.3B
R&D Expenses	$25M
Selling & Marketing	$0
General & Administrative	$40M
SG&A Expenses	$40M
Other Expenses	$283M
Operating Expenses	$348M
Cost & Expenses	$1.9B
OPERATING INCOME	$1.9B
Interest Income	$4M
Interest Expense	$8M
Other Income/Expenses	-$105M
INCOME BEFORE TAX	$1.8B
Income Tax Expense	$679M
Net Income from Continuing Ops	$1.2B
Net Income from Discontinued Ops	$68M
Other Adjustments	$0
NET INCOME	$1.2B
Net Income Deductions	$0
BOTTOM LINE NET INCOME	$1.2B
D&A	$305M
EBIT	$1.8B
EBITDA	$2.1B
EPS	$2
EPS Diluted	$2

Cash Flow Statement

Item	Amount
Net Income	$1.2B
Depreciation & Amortization	$330M
Stock-Based Compensation	$4M
Deferred Income Tax	$714M
Other Non-Cash Items	-$365M
Change in Working Capital	$220M
OPERATING CASH FLOW	$2.1B
Capital Expenditure	-$965M
Acquisitions (Net)	$0
Purchases of Investments	-$64M
Sales/Maturities of Investments	$26M
Other Investing Activities	-$18M
NET CASH FROM INVESTING	-$1.0B
Net Debt Issuance	-$640M
Common Stock Repurchased	-$418M
Common Dividends Paid	-$49M
Other Financing Activities	$88M
NET CASH FROM FINANCING	-$997M
FREE CASH FLOW	$1.2B
Net Change in Cash	$173M

Balance Sheet

Item	Amount
Cash & Equivalents	$2.0B
Short-Term Investments	$0
Net Receivables	$1.5B
Inventory	$1.8B
Other Current Assets	$30M
TOTAL CURRENT ASSETS	$5.6B
PP&E (Net)	$28.1B
Goodwill	$802M
Intangible Assets	$0
Long-Term Investments	$1.7B
Tax Assets	$118M
Other Non-Current Assets	$0
TOTAL NON-CURRENT ASSETS	$30.7B
TOTAL ASSETS	$36.3B
Account Payables	$2.5B
Short-Term Debt	$240M
Deferred Revenue	$0
Other Current Liabilities	$265M
TOTAL CURRENT LIABILITIES	$3.1B
Long-Term Debt	$6.0B
Deferred Revenue NC	$0
Deferred Tax Liabilities	$0
Other Non-Current Liabilities	$7.6B
TOTAL NON-CURRENT LIABILITIES	$14.0B
TOTAL LIABILITIES	$17.1B
Common Stock	$4.6B
Additional Paid-In Capital	$150M
Retained Earnings	$13.5B
Treasury Stock	$0
Accum. Other Comp. Income	$310M
Other Equity	$0
TOTAL STOCKHOLDERS' EQUITY	$18.6B
Minority Interest	$625M
TOTAL EQUITY	$19.2B
TOTAL LIABILITIES & EQUITY	$36.3B
Total Debt	$6.7B
Net Debt	$4.7B