Kinross Historical Income Statement
| KGC Stock | USD 6.84 0.10 1.48% |
Historical analysis of Kinross Gold income statement accounts such as Operating Income of 817.3 M can show how well Kinross Gold performed in making a profits. Evaluating Kinross Gold income statement over time to spot trends is a great complementary tool to traditional technical analysis and can indicate the direction of Kinross Gold's future profits or losses.
Financial Statement Analysis is much more than just reviewing and examining Kinross Gold latest accounting reports to predict its past. Macroaxis encourages investors to analyze financial statements over time for various trends across multiple indicators and accounts to determine whether Kinross Gold is a good buy for the upcoming year.
Kinross |
About Kinross Income Statement Analysis
Kinross Gold Income Statement consists of revenues and expenses along with the resulting net income or loss. It represents the profit for the accounting period attributable to Kinross Gold shareholders. The income statement also shows Kinross investors and management if the firm made money during the period reported. The result of an income statement is the net income that is calculated after subtracting the expenses from revenue. It is essential to investors both as an absolute measure as well as earnings per share (i.e., EPS).
Kinross Gold Income Statement Chart
Kinross Gold Income Statement is one of the three primary financial statements used for reporting Kinross's overall financial performance over a current year or for a given accounting period. An Income Statement sometimes referred to as the statement of Kinross Gold revenue and expense. Kinross Gold Income Statement primarily focuses on the company's revenues and expenses during a particular period.
At present, Kinross Gold's Gross Profit is projected to increase significantly based on the last few years of reporting. The current year's Operating Income is expected to grow to about 817.3 M, whereas Interest Expense is forecasted to decline to about 65.5 M. Add Fundamental
Interest Expense
The cost incurred by an entity for borrowed funds, including loans, bonds, or lines of credit.Total Revenue
Total revenue comprises all receipts Kinross Gold generated from the sale of its products or services. The total amount of income generated by the sale of goods or services related to the company's primary operations.Gross Profit
Gross profit is a required income statement account that reflects total revenue of Kinross Gold minus its cost of goods sold. It is profit before Kinross Gold operating expenses, interest payments and taxes. Gross profit is also known as gross margin. The profit a company makes after deducting the costs associated with making and selling its products, or the costs associated with providing its services.Net Income
Net income is one of the most important fundamental items in finance. It plays a large role in Kinross Gold financial statement analysis. It represents the amount of money remaining after all of Kinross Gold operating expenses, interest, taxes and preferred stock dividends have been deducted from a company total revenue.Income Before Tax
Income Before Tax which can also be referred as pre-tax income is reported on Kinross Gold income statement and is an important metric when analyzing Kinross Gold profitability. Accounting techniques because taxes can be complex, and not perfectly consistent from one company to company, an analyst may use pre-tax income as a more stable measure of profitability.Most accounts from Kinross Gold's income statement are interrelated and interconnected. However, analyzing income statement accounts one by one will only give a small insight into Kinross Gold current financial condition. On the other hand, looking into the entire matrix of income statement accounts, and analyzing their relationships over time can provide a more complete picture of the company financial strength now and in the future. Check out Correlation Analysis to better understand how to build diversified portfolios, which includes a position in Kinross Gold. Also, note that the market value of any company could be tightly coupled with the direction of predictive economic indicators such as signals in price. For information on how to trade Kinross Stock refer to our How to Trade Kinross Stock guide.At present, Kinross Gold's Gross Profit is projected to increase significantly based on the last few years of reporting. The current year's Operating Income is expected to grow to about 817.3 M, whereas Interest Expense is forecasted to decline to about 65.5 M.
| 2023 | 2024 (projected) | Research Development | 130.5M | 69.9M | Other Operating Expenses | 3.5B | 2.3B |
Kinross Gold income statement Correlations
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Kinross Gold Account Relationship Matchups
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Kinross Gold income statement Accounts
| 2019 | 2020 | 2021 | 2022 | 2023 | 2024 (projected) | ||
| Interest Expense | 107.9M | 112.6M | 71.5M | 93.7M | 69M | 65.6M | |
| Total Revenue | 3.5B | 4.2B | 3.7B | 3.5B | 4.3B | 4.5B | |
| Gross Profit | 1.3B | 2.3B | 1.0B | 515.4M | 994.4M | 1.0B | |
| Operating Income | 991.1M | 1.9B | 463.6M | 200.4M | 778.4M | 817.3M | |
| Ebit | 991.1M | 1.9B | 463.6M | 200.4M | 778.4M | 817.3M | |
| Ebitda | 1.8B | 2.8B | 1.3B | 984.4M | 1.8B | 1.9B | |
| Net Income | 718.6M | 1.3B | 221.2M | (605.2M) | 416.3M | 437.1M | |
| Income Tax Expense | 246.7M | 439.8M | 115M | 76.1M | 298.6M | 313.5M | |
| Depreciation And Amortization | 811.9M | 854M | 842.3M | 784M | 1.0B | 1.1B | |
| Selling General Administrative | 135.8M | 117.9M | 126.6M | 129.8M | 108.7M | 101.7M | |
| Other Operating Expenses | 2.5B | 2.3B | 3.3B | 3.3B | 3.5B | 2.3B | |
| Cost Of Revenue | 2.1B | 1.9B | 2.7B | 2.9B | 3.3B | 2.0B | |
| Total Operating Expenses | 357.8M | 396.9M | 568.5M | 397.7M | 216.0M | 331.5M | |
| Income Before Tax | 963.8M | 1.8B | 469.4M | 106.7M | 721.6M | 757.7M | |
| Total Other Income Expense Net | (27.3M) | (100.9M) | 5.8M | (93.7M) | (56.8M) | (59.7M) | |
| Minority Interest | 14.1M | 66.5M | 2.5M | 500K | 1.5M | 1.4M | |
| Net Income Applicable To Common Shares | 718.6M | 1.3B | 221.2M | (605.2M) | (696.0M) | (661.2M) | |
| Net Income From Continuing Ops | 717.1M | 1.4B | 218.7M | 30.6M | 243.4M | 255.6M | |
| Tax Provision | 246.7M | 439.8M | 250.7M | 76.1M | 197.6M | 185.5M | |
| Net Interest Income | (69M) | (108.3M) | (59.2M) | (49.9M) | (30.7M) | (32.2M) | |
| Reconciled Depreciation | 731.3M | 842.3M | 840.9M | 784M | 967M | 904.7M |
Kinross Gold Investors Sentiment
The influence of Kinross Gold's investor sentiment on the probability of its price appreciation or decline could be a good factor in your decision-making process regarding taking a position in Kinross. The overall investor sentiment generally increases the direction of a stock movement in a one-year investment horizon. However, the impact of investor sentiment on the entire stock market does not have solid backing from leading economists and market statisticians.
Investor biases related to Kinross Gold's public news can be used to forecast risks associated with an investment in Kinross. The trend in average sentiment can be used to explain how an investor holding Kinross can time the market purely based on public headlines and social activities around Kinross Gold. Please note that most equities that are difficult to arbitrage are affected by market sentiment the most.
Kinross Gold's market sentiment shows the aggregated news analyzed to detect positive and negative mentions from the text and comments. The data is normalized to provide daily scores for Kinross Gold's and other traded tickers. The bigger the bubble, the more accurate is the estimated score. Higher bars for a given day show more participation in the average Kinross Gold's news discussions. The higher the estimated score, the more favorable is the investor's outlook on Kinross Gold.
Kinross Gold Implied Volatility | 59.8 |
Kinross Gold's implied volatility exposes the market's sentiment of Kinross Gold stock's possible movements over time. However, it does not forecast the overall direction of its price. In a nutshell, if Kinross Gold's implied volatility is high, the market thinks the stock has potential for high price swings in either direction. On the other hand, the low implied volatility suggests that Kinross Gold stock will not fluctuate a lot when Kinross Gold's options are near their expiration.
Some investors attempt to determine whether the market's mood is bullish or bearish by monitoring changes in market sentiment. Unlike more traditional methods such as technical analysis, investor sentiment usually refers to the aggregate attitude towards Kinross Gold in the overall investment community. So, suppose investors can accurately measure the market's sentiment. In that case, they can use it for their benefit. For example, some tools to gauge market sentiment could be utilized using contrarian indexes, Kinross Gold's short interest history, or implied volatility extrapolated from Kinross Gold options trading.
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Try AI Portfolio ArchitectCheck out Correlation Analysis to better understand how to build diversified portfolios, which includes a position in Kinross Gold. Also, note that the market value of any company could be tightly coupled with the direction of predictive economic indicators such as signals in price. For information on how to trade Kinross Stock refer to our How to Trade Kinross Stock guide.Note that the Kinross Gold information on this page should be used as a complementary analysis to other Kinross Gold's statistical models used to find the right mix of equity instruments to add to your existing portfolios or create a brand new portfolio. You can also try the Equity Forecasting module to use basic forecasting models to generate price predictions and determine price momentum.
Complementary Tools for Kinross Stock analysis
When running Kinross Gold's price analysis, check to measure Kinross Gold's market volatility, profitability, liquidity, solvency, efficiency, growth potential, financial leverage, and other vital indicators. We have many different tools that can be utilized to determine how healthy Kinross Gold is operating at the current time. Most of Kinross Gold's value examination focuses on studying past and present price action to predict the probability of Kinross Gold's future price movements. You can analyze the entity against its peers and the financial market as a whole to determine factors that move Kinross Gold's price. Additionally, you may evaluate how the addition of Kinross Gold to your portfolios can decrease your overall portfolio volatility.
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Is Kinross Gold's industry expected to grow? Or is there an opportunity to expand the business' product line in the future? Factors like these will boost the valuation of Kinross Gold. If investors know Kinross will grow in the future, the company's valuation will be higher. The financial industry is built on trying to define current growth potential and future valuation accurately. All the valuation information about Kinross Gold listed above have to be considered, but the key to understanding future value is determining which factors weigh more heavily than others.
Quarterly Earnings Growth 0.809 | Dividend Share 0.12 | Earnings Share 0.34 | Revenue Per Share 3.455 | Quarterly Revenue Growth 0.037 |
The market value of Kinross Gold is measured differently than its book value, which is the value of Kinross that is recorded on the company's balance sheet. Investors also form their own opinion of Kinross Gold's value that differs from its market value or its book value, called intrinsic value, which is Kinross Gold's true underlying value. Investors use various methods to calculate intrinsic value and buy a stock when its market value falls below its intrinsic value. Because Kinross Gold's market value can be influenced by many factors that don't directly affect Kinross Gold's underlying business (such as a pandemic or basic market pessimism), market value can vary widely from intrinsic value.
Please note, there is a significant difference between Kinross Gold's value and its price as these two are different measures arrived at by different means. Investors typically determine if Kinross Gold is a good investment by looking at such factors as earnings, sales, fundamental and technical indicators, competition as well as analyst projections. However, Kinross Gold's price is the amount at which it trades on the open market and represents the number that a seller and buyer find agreeable to each party.