B2Gold (BTG) financial statements
Net income was $402M.
The diluted share count rose 55% over the period (dilution).
Income statement
Fiscal years, from B2Gold's 10-K filings with the SEC.
| Fiscal year | 2016 | 2017 | 2018 | 2019 | 2020 | 2021 | 2022 | 2023 | 2024 | 2025 |
|---|---|---|---|---|---|---|---|---|---|---|
| Cost of revenue | $473M | $488M | $671M | $705M | $831M | $994M | $1.1B | $1.2B | $1.2B | $1.5B |
| Gross profit | $210M | $150M | $381M | $450M | $958M | $769M | $604M | $780M | $706M | $1.5B |
| Selling, general and admin | $41M | $44M | $51M | $55M | $46M | $50M | $54M | $62M | $59M | $67M |
| Operating income | $126M | $87M | $286M | $508M | $1.1B | $714M | $502M | $327M | -$248M | $1.4B |
| Interest expense | $10M | $10M | $27M | $24M | $13M | $12M | $11M | $14M | $14M | $7M |
| Pre-tax income | $69M | $69M | $267M | $482M | $1.0B | $726M | $531M | $320M | -$309M | $977M |
| Income tax | $30M | $7M | $132M | $174M | $362M | $265M | $244M | $279M | $317M | $550M |
| Net income | $39M | $57M | $29M | $293M | $628M | $420M | $253M | $10M | -$630M | $402M |
| EPS (diluted) | $0.04 | $0.06 | $0.02 | $0.29 | $0.59 | $0.40 | $0.24 | $0.01 | -$0.48 | $0.28 |
| Diluted shares | 955M | 991M | 1.05B | 1.02B | 1.06B | 1.06B | 1.07B | 1.24B | 1.31B | 1.48B |
Balance sheet
Fiscal years, from B2Gold's 10-K filings with the SEC.
| Fiscal year | 2016 | 2017 | 2018 | 2019 | 2020 | 2021 | 2022 | 2023 | 2024 | 2025 |
|---|---|---|---|---|---|---|---|---|---|---|
| Cash and short-term investments | $145M | $147M | $103M | $141M | $480M | $673M | $652M | $307M | $337M | $380M |
| Inventory | $105M | $206M | $234M | $218M | $238M | $272M | $332M | $346M | $478M | $627M |
| Total current assets | $277M | $396M | $363M | $430M | $763M | $1.0B | $1.0B | $711M | $902M | $1.1B |
| Property, plant and equipment | $2.0B | $2.1B | $2.0B | $2.0B | $2.4B | $2.2B | $2.3B | $3.6B | $3.3B | $3.8B |
| Total assets | $2.3B | $2.7B | $2.5B | $2.7B | $3.4B | $3.6B | $3.7B | $4.9B | $4.8B | $5.9B |
| Total current liabilities | $176M | $495M | $207M | $165M | $286M | $231M | $234M | $313M | $581M | $1.1B |
| Long-term debt | $473M | $400M | $455M | $236M | $76M | $50M | $42M | $176M | $421M | $564M |
| Total liabilities | $882M | $1.1B | $895M | $631M | $702M | $600M | $569M | $965M | $1.8B | $2.2B |
| Shareholders' equity | $1.4B | $1.6B | $1.6B | $2.0B | $2.6B | $2.9B | $3.0B | $3.8B | $3.0B | $3.6B |
| Net debt | $342M | $555M | $377M | $121M | -$370M | -$598M | -$595M | -$115M | $101M | $218M |
Cash flow
Fiscal years, from B2Gold's 10-K filings with the SEC.
| Fiscal year | 2016 | 2017 | 2018 | 2019 | 2020 | 2021 | 2022 | 2023 | 2024 | 2025 |
|---|---|---|---|---|---|---|---|---|---|---|
| Operating cash flow | $412M | $155M | $451M | $492M | $951M | $724M | $596M | $714M | $878M | $896M |
| Stock-based compensation | $14M | $18M | $18M | $17M | $17M | $23M | $25M | $18M | $24M | $23M |
| Dividends paid | — | — | $0 | $10M | $115M | $168M | $171M | $187M | $185M | $103M |
| Share buybacks (net) | — | — | — | — | — | — | — | — | $0 | -$10M |
| Net borrowing | — | -$17M | -$28M | -$24M | — | -$29M | -$20M | $150M | — | — |
| Dividends per share | — | — | — | $0.01 | $0.11 | $0.16 | $0.16 | $0.15 | $0.14 | $0.07 |
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Open BTG in InvestinglyFrom B2Gold's annual reports filed with the SEC (XBRL data), standardised by Investingly. Information only, not investment advice.