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Income Statement (USD)
| Q2 '24 | QoQ | |
|---|---|---|
| Revenue | 3.16B | 15.1% |
| Gross Profit | 1.18B | 45.9% |
| Cost of Revenue | 1.98B | 2.2% |
| Operating expense | 2.1B | 2% |
| Net Income | 370M | 25.4% |
Balance Sheet (USD)
| Q2 '24 | QoQ | |
|---|---|---|
| Total Assets | 46.2B | 0.8% |
| Total Liabilities | 13.7B | 0.7% |
| Total Equity | 23.6B | 0.7% |
| Shares Outstanding | 1.75B | 0.2% |
Cash Flow (USD)
| Q2 '24 | QoQ | |
|---|---|---|
| Cash from operations | 1.16B | 52.5% |
| Cash from financing | -362M | 27.5% |
EPS
Financial Highlights for Barrick Gold in Q2 '24
Barrick Gold reported a revenue of 3.16B, which is a 15.1% change from the previous quarter. An increase in revenue typically indicates growing demand for the company's products or services. This positive change in revenue is a good sign, suggesting that the company's sales are moving in the right direction.
Gross Profit stood at 1.18B, marking a 45.9% change since the last quarter. Gross profit showcases the efficiency in production and sales processes.
Cost of Revenue was 1.98B, a 2.2% difference from the previous quarter. A rising cost of revenue may suggest increased production or sales costs, which can impact margins. However, if accompanied by a proportionate rise in revenue, it could indicate scaling operations.
Operating Expenses for this period were 2.1B, showing a 2% change from the last quarter. Operating expenses cover the costs of running daily business operations. A significant increase might indicate inefficiencies or investments in growth, while a decrease could suggest cost-saving measures or potential underinvestment in key areas.
Net Income for the quarter was 370M, showing a 25.4% change from the prior quarter. Net income provides a clear picture of the company's profitability after all expenses. An increase suggests the company is becoming more profitable, while a decrease may raise concerns about the company's financial health, unless there are specific one-time costs or investments.
It was a positive quarter for Barrick Gold with growth in revenue, gross profit, and net income. Higher operating expenses might indicate increased investments or potential inefficiencies.
