TECK Q4 2021 Earnings Report — Teck Resources Limited Revenue & Financial Results | Market Cap Arena

Teck Resources LimitedTECK

Q4 2021 Earnings

Reported March 17, 2022

Quarter Comparison

Revenue

Operating Income

Gross Margin

Net Margin

EPS (Diluted)

Free Cash Flow

Metric	Q4 2021	Q3 2021	Q4 2020	QoQ Change	YoY Change
Revenue	$3.2B	$2.9B	$1.9B	11.0%	72.1%
Op. Income	$1.6B	$1.1B	-$364M	46.4%	542.4%
Gross Margin	47.1%	41.9%	19.7%	5.3pp	27.4pp
Net Margin	33.7%	20.6%	-18.1%	13.2pp	51.9pp
EPS (Diluted)	$2.02	$1.10	$-0.64	82.8%	415.2%
Free Cash Flow	$600M	$197M	-$333M	204.1%	280.0%

Revenue Flow

Item	Amount
REVENUE	$3.2B
Cost of Revenue	$1.7B
GROSS PROFIT	$1.5B
R&D Expenses	$23M
Selling & Marketing	$0
General & Administrative	$75M
SG&A Expenses	$75M
Other Expenses	-$190M
Operating Expenses	-$93M
Cost & Expenses	$1.6B
OPERATING INCOME	$1.6B
Interest Income	$0
Interest Expense	$8M
Other Income/Expenses	$4M
INCOME BEFORE TAX	$1.6B
Income Tax Expense	$501M
Net Income from Continuing Ops	$1.1B
Net Income from Discontinued Ops	$0
Other Adjustments	$0
NET INCOME	$1.1B
Net Income Deductions	$0
BOTTOM LINE NET INCOME	$1.1B
D&A	$295M
EBIT	$1.6B
EBITDA	$1.9B
EPS	$2
EPS Diluted	$2

Income Statement

Item	Amount
REVENUE	$3.2B
Cost of Revenue	$1.7B
GROSS PROFIT	$1.5B
R&D Expenses	$23M
Selling & Marketing	$0
General & Administrative	$75M
SG&A Expenses	$75M
Other Expenses	-$190M
Operating Expenses	-$93M
Cost & Expenses	$1.6B
OPERATING INCOME	$1.6B
Interest Income	$0
Interest Expense	$8M
Other Income/Expenses	$4M
INCOME BEFORE TAX	$1.6B
Income Tax Expense	$501M
Net Income from Continuing Ops	$1.1B
Net Income from Discontinued Ops	$0
Other Adjustments	$0
NET INCOME	$1.1B
Net Income Deductions	$0
BOTTOM LINE NET INCOME	$1.1B
D&A	$295M
EBIT	$1.6B
EBITDA	$1.9B
EPS	$2
EPS Diluted	$2

Cash Flow Statement

Item	Amount
Net Income	$1.1B
Depreciation & Amortization	$295M
Stock-Based Compensation	$0
Deferred Income Tax	$501M
Other Non-Cash Items	-$311M
Change in Working Capital	-$39M
OPERATING CASH FLOW	$1.5B
Capital Expenditure	-$933M
Acquisitions (Net)	$0
Purchases of Investments	-$19M
Sales/Maturities of Investments	$4M
Other Investing Activities	$0
NET CASH FROM INVESTING	-$948M
Net Debt Issuance	$75M
Common Stock Repurchased	$0
Common Dividends Paid	-$19M
Other Financing Activities	$99M
NET CASH FROM FINANCING	$171M
FREE CASH FLOW	$600M
Net Change in Cash	$758M

Balance Sheet

Item	Amount
Cash & Equivalents	$1.0B
Short-Term Investments	$0
Net Receivables	$1.4B
Inventory	$1.7B
Other Current Assets	$4M
TOTAL CURRENT ASSETS	$4.5B
PP&E (Net)	$27.3B
Goodwill	$797M
Intangible Assets	$289M
Long-Term Investments	$905M
Tax Assets	$118M
Other Non-Current Assets	$729M
TOTAL NON-CURRENT ASSETS	$30.2B
TOTAL ASSETS	$34.6B
Account Payables	$1.2B
Short-Term Debt	$156M
Deferred Revenue	$0
Other Current Liabilities	$767M
TOTAL CURRENT LIABILITIES	$2.7B
Long-Term Debt	$6.2B
Deferred Revenue NC	$0
Deferred Tax Liabilities	$0
Other Non-Current Liabilities	$7.9B
TOTAL NON-CURRENT LIABILITIES	$14.5B
TOTAL LIABILITIES	$17.2B
Common Stock	$4.5B
Additional Paid-In Capital	$185M
Retained Earnings	$11.9B
Treasury Stock	$0
Accum. Other Comp. Income	$148M
Other Equity	$0
TOTAL STOCKHOLDERS' EQUITY	$16.8B
Minority Interest	$561M
TOTAL EQUITY	$17.4B
TOTAL LIABILITIES & EQUITY	$34.6B
Total Debt	$6.8B
Net Debt	$5.8B