DECEMBER 2021 INVESTOR PRESENTATION
Attributable Free cash flow
N
TM
Management uses Attributable Free Cash Flow as a non-GAAP measure to analyze cash flows generated from operations that are attributable to the Company. Attributable Free Cash Flow is Net cash provided by
(used in) operating activities after deducting net cash flows from operations attributable to noncontrolling interests less Net cash provided by (used in) operating activities of discontinued operations after deducting net
cash flows from discontinued operations attributable to noncontrolling interests less Additions to property, plant and mine development after deducting property, plant and mine development attributable to
noncontrolling interests. The Company believes that Attributable Free Cash Flow is useful as one of the bases for comparing the Company's performance with its competitors. Although Attributable Free Cash Flow
and similar measures are frequently used as measures of cash flows generated from operations by other companies, the Company's calculation of Attributable Free Cash Flow is not necessarily comparable to such
other similarly titled captions of other companies.
The presentation of non-GAAP Attributable Free Cash Flow is not meant to be considered in isolation or as an alternative to Net income attributable to Newmont stockholders as an indicator of the Company's
performance, or as an alternative to Net cash provided by (used in) operating activities as a measure of liquidity as those terms are defined by GAAP, and does not necessarily indicate whether cash flows will be
sufficient to fund cash needs. The Company's definition of Attributable Free Cash Flow is limited in that it does not represent residual cash flows available for discretionary expenditures due to the fact that the
measure does not deduct the payments required for debt service and other contractual obligations or payments made for business acquisitions. Therefore, the Company believes it is important to view
Attributable Free Cash Flow as a measure that provides supplemental information to the Company's Condensed Consolidated Statements of Cash Flows.
The following tables set forth a reconciliation of Attributable Free Cash Flow, a non-GAAP financial measure, to Net cash provided by (used in) operating activities, which the Company believes to be the GAAP financial
measure most directly comparable to Attributable Free Cash Flow, as well as information regarding Net cash provided by (used in) investing activities and Net cash provided by (used in) financing activities.
Three Months Ended September 30, 2021
Nine Months Ended September 30, 2021
Consolidated
Net cash provided by (used in) operating activities
$
1,144 $
interests (1)
(39) $
Attributable to Attributable to
noncontrolling Newmont
Stockholders
Consolidated
Attributable to
noncontrolling
interests (1)
Attributable to
Newmont
Stockholders
1,105 $
2,980 $
(92) $
2,888
Less: Net cash used in (provided by) operating activities of discontinued operations
Net cash provided by (used in) operating activities of continuing operations
(11)
(11)
(13)
(13)
1,133
Less: Additions to property, plant and mine development (2)
(398)
(39)
19
1,094
2,967
(92)
2,875
(379)
(1,212)
50
(1,162)
Free Cash Flow
$
735 $
(20) $
715 $
1,755 $
(42) $
1,713
Net cash provided by (used in) investing activities (3)
Net cash provided by (used in) financing activities
(1)
$
$
(390)
(697)
$
(1,517)
$
(2,363)
(2)
Adjustment to eliminate a portion of Net cash provided by (used in) operating activities, Net cash provided by (used in) operating activities of discontinued operations and Additions to property, plant and mine development attributable to noncontrolling interests, which
relate to Yanacocha (48.65%) and Merian (25%).
For the three months ended September 30, 2021 Yanacocha and Merian had total consolidated Additions to property, plant and mine development of $35 and $9, respectively, on a cash basis. For the nine months ended September 30, 2021, Yanacocha and
Merian had total consolidated Additions to property, plant and mine development of $88 and $31, respectively, on a cash basis.
(3)
Net cash provided by (used in) investing activities includes Additions to property, plant and mine development, which is included in the Company's computation of Free Cash Flow.
DECEMBER 2021 INVESTOR PRESENTATION
NEWMONT CORPORATION
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