Summary by Moomoo AI
Newmont Corporation released unaudited pro forma financial information for the year ended December 31, 2023, reflecting its acquisition of Newcrest Mining Limited. The pro forma combined sales were $15,432 million, with a net loss from continuing operations of $1,985 million.The pro forma results include adjustments for purchase accounting, policy alignments, and transaction costs. Key impacts include a $146 million decrease in costs applicable to sales due to inventory fair value adjustments, a $57 million increase in depreciation from revalued property and equipment, and $68 million higher interest expense from assumed debt.Pro forma basic and diluted loss per share from continuing operations attributable to Newmont stockholders was $1.74, based on 1,158 million weighted average shares outstanding. The company noted that the purchase price allocation remains preliminary and subject to further refinement during the measurement period.
