Caledonia Mining (CMCL) financial statements
Caledonia Mining reported revenue of $183M in fiscal 2024, up 15.8% a year over 9 years.
Net income was $18M and the operating margin 23.9%, against 17.3% in 2015.
Free cash flow was $14M, and the company returned $12M in dividends.
The diluted share count rose 84% over the period (dilution).
Revenue and free cash flow
Fiscal years, $ billions.
Income statement
Fiscal years, from Caledonia Mining's 10-K filings with the SEC.
| Fiscal year | 2015 | 2016 | 2017 | 2018 | 2019 | 2020 | 2021 | 2022 | 2023 | 2024 |
|---|---|---|---|---|---|---|---|---|---|---|
| Revenue | $49M | $62M | $70M | $68M | $76M | $100M | $121M | $142M | $146M | $183M |
| Cost of revenue | $30M | $32M | $36M | $39M | $36M | $44M | $53M | $63M | $83M | $81M |
| Gross profit | $13M | $23M | $26M | $22M | $31M | $47M | $54M | $62M | $41M | $77M |
| Selling, general and admin | $8M | $7M | $6M | $6M | $6M | $8M | $9M | $12M | $17M | $16M |
| Operating income | $8M | $19M | $21M | $21M | $37M | $36M | $36M | $30M | $11M | $44M |
| Interest expense | $536,000 | $192,000 | $69,000 | $273,000 | $344,000 | $367,000 | $375,000 | $657,000 | $3M | $3M |
| Pre-tax income | $8M | $19M | $21M | $21M | $37M | $36M | $36M | $30M | $8M | $41M |
| Income tax | $2M | $8M | $9M | $7M | $11M | $13M | $14M | $14M | $13M | $17M |
| Net income | $5M | $9M | $9M | $11M | $21M | $19M | $17M | $11M | -$8M | $18M |
| EPS (diluted) | $0.45 | $0.79 | $0.86 | $0.99 | $1.94 | $1.57 | $1.40 | $0.85 | -$0.44 | $0.91 |
| Diluted shares | 10M | 10M | 11M | 11M | 11M | 12M | 12M | 13M | 19M | 19M |
| Gross margin | 26.9% | 37.9% | 37.7% | 31.6% | 41.1% | 46.7% | 44.6% | 43.5% | 28.4% | 42.1% |
| Operating margin | 17.3% | 30.6% | 29.6% | 31.3% | 48.5% | 35.9% | 29.8% | 21.2% | 7.5% | 23.9% |
| Net margin | 9.8% | 13.8% | 13.5% | 15.7% | 28.1% | 18.9% | 14.3% | 7.9% | -5.4% | 9.8% |
Balance sheet
Fiscal years, from Caledonia Mining's 10-K filings with the SEC.
| Fiscal year | 2015 | 2016 | 2017 | 2018 | 2019 | 2020 | 2021 | 2022 | 2023 | 2024 |
|---|---|---|---|---|---|---|---|---|---|---|
| Cash and short-term investments | — | $14M | $13M | $11M | $9M | $19M | $17M | $7M | $7M | $4M |
| Receivables | — | $3M | $5M | $6M | $7M | $5M | $8M | $9M | $10M | $13M |
| Inventory | — | $7M | $9M | $9M | $11M | $17M | $21M | $18M | $20M | $24M |
| Total current assets | — | $26M | $28M | $28M | $30M | $45M | $53M | $38M | $54M | $61M |
| Property, plant and equipment | — | $65M | $82M | $90M | $107M | $126M | $149M | $179M | $180M | $189M |
| Total assets | — | $91M | $110M | $126M | $144M | $178M | $211M | $235M | $328M | $348M |
| Total current liabilities | — | $10M | $16M | $12M | $10M | $10M | $18M | $32M | $40M | $45M |
| Long-term debt | — | $2M | — | $6M | $2M | $0 | $0 | $0 | $0 | — |
| Total liabilities | — | $31M | $41M | $47M | $44M | $47M | $58M | $78M | $104M | $114M |
| Shareholders' equity | $50M | $56M | $63M | $70M | $88M | $119M | $138M | $141M | $206M | $214M |
| Net debt | — | -$11M | -$12M | -$5M | -$7M | -$19M | -$17M | $369,000 | -$6M | -$4M |
Cash flow
Fiscal years, from Caledonia Mining's 10-K filings with the SEC.
| Fiscal year | 2015 | 2016 | 2017 | 2018 | 2019 | 2020 | 2021 | 2022 | 2023 | 2024 |
|---|---|---|---|---|---|---|---|---|---|---|
| Operating cash flow | $7M | $23M | $25M | $18M | $18M | $31M | $31M | $43M | $15M | $42M |
| Capital spending | $17M | $20M | $22M | $20M | $20M | $25M | $32M | $41M | $29M | $27M |
| Free cash flow | -$10M | $3M | $3M | -$3M | -$2M | $6M | -$1M | $1M | -$14M | $14M |
| Dividends paid | $3M | $3M | $3M | $3M | $3M | $5M | $8M | $9M | $11M | $12M |
| Share buybacks (net) | — | — | -$146,000 | — | — | $0 | — | — | — | — |
| Net borrowing | — | $3M | -$2M | $4M | $2M | -$574,000 | -$361,000 | $0 | $7M | $2M |
| Free cash flow margin | -19.8% | 5.0% | 4.1% | -3.7% | -2.4% | 5.9% | -1.0% | 0.8% | -9.4% | 7.9% |
| Dividends per share | $0.24 | $0.29 | $0.31 | $0.33 | $0.32 | $0.39 | $0.66 | $0.69 | $0.60 | $0.64 |
Questions
What was Caledonia Mining's revenue in 2024?
$183M in fiscal 2024, from its 10-K filing.
How much free cash flow does Caledonia Mining generate?
$14M in fiscal 2024 (operating cash flow minus capital spending).
From Caledonia Mining's annual reports filed with the SEC (XBRL data), standardised by Investingly. Information only, not investment advice.