Harmony Gold Mining
HMY · NYSEGold and Silver Ores · Fiscal year ends Jun 30
Harmony Gold Mining reported revenue of $1.6B in the fiscal year ended Jun 2018, up 11.9% from the year before. Operating income was −$335M, an operating margin of −21.1%, and net income was −$321M. Operating cash flow of $303M less capital expenditure of $355M left free cash flow of −$52M.
Last 5 fiscal years
Revenue and net income
Income statement
| Fiscal year | Jun 2016 | Jun 2017 | Jun 2018 |
|---|---|---|---|
| Revenue | $1.3B | $1.4B | $1.6B |
| Cost of revenue | $1.1B | $1.4B | $1.8B |
| Gross profit | $176M | −$32M | −$216M |
| Operating income | $111M | −$81M | −$335M |
| Interest expense | $19M | $17M | $26M |
| Pre-tax income | $109M | −$20M | −$339M |
| Income tax | $43M | −$37M | −$18M |
| Net income | $66M | $17M | −$321M |
Balance sheet
| Fiscal year | Jun 2016 | Jun 2017 | Jun 2018 |
|---|---|---|---|
| Cash & equivalents | $85M | $95M | $51M |
| Receivables | – | $76M | $83M |
| Inventory | – | $86M | $127M |
| Current assets | – | $375M | $303M |
| Net PP&E | – | $2.3B | $2.2B |
| Goodwill | – | $45M | $36M |
| Total assets | $2.5B | $3B | $2.9B |
| Payables | – | $153M | $198M |
| Current liabilities | – | $293M | $263M |
| Shareholders' equity | $1.9B | $2.2B | $1.8B |
Cash flow
| Fiscal year | Jun 2016 | Jun 2017 | Jun 2018 |
|---|---|---|---|
| Operating cash flow | $312M | $280M | $303M |
| Capital expenditure | $168M | $286M | $355M |
| Free cash flow | $144M | −$6M | −$52M |
Key ratios
| Fiscal year | Jun 2016 | Jun 2017 | Jun 2018 |
|---|---|---|---|
| Revenue growth (YoY) | – | 12.0% | 11.9% |
| Operating income growth (YoY) | – | −173.0% | – |
| Gross margin | 13.9% | −2.3% | −13.6% |
| Operating margin | 8.8% | −5.7% | −21.1% |
| Net margin | 5.2% | 1.2% | −20.3% |
| Return on equityBlank when equity is negative | 3.4% | 0.8% | −17.5% |
| ROCEEBIT ÷ (assets − current liabilities) | – | −3.0% | −12.9% |
| Free cash flow margin | 11.4% | −0.4% | −3.3% |
| Cash conversion (CFO ÷ net income) | 4.73x | 16.5x | −0.94x |
| Receivable days | – | 20 | 19 |
| Inventory days | – | 22 | 26 |
| Payable days | – | 39 | 40 |
| Interest cover | 5.84x | −4.76x | −12.9x |
| Current ratio | – | 1.28x | 1.15x |
Recent filings
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Standardised figures from the company's XBRL filings with the SEC (10-K, 10-Q). Line items follow US GAAP tags, so a company's own statement layout may differ and some lines show “–” where the company does not report that item. Ratios are calculated from these figures. For education only; not investment advice or a recommendation.