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Kirkland Lake Gold Ltd. KL

Kirkland Lake Gold Ltd. Income Statement 2020-2011 | KL

Brief overview of revenue and earnings at Kirkland Lake Gold Ltd.

The overview follows changes across a five-year period. Revenue reported by Kirkland Lake Gold Ltd. was 183 million dollars at the beginning of the period and 2.5 billion dollars at the end. The total change was +1245.3%, with a CAGR of approximately 68.2%. The annual growth rate indicates an exceptionally strong top-line trend.

The gross result shifted from 41.7 million dollars to 1.4 billion dollars, or +3270.3%. Gross margin moved from 22.8% to 57.1%. A wider margin shows that the economics of the core business improved.

EBITDA changed from $62.5 million to $1.6 billion (+2529.8%). EBITDA expanded faster than the top line. EBITDA margin was 34.2% at the start and 66.8% at the end. The company improved its ability to convert sales into EBITDA.

The net result moved from $16.5 million to $788 million, or +4686.9%. The final year delivered the highest net income in the period.

Market value was 374 million dollars at the start and 8.1 billion dollars at the end. The financial trend was stronger than the market valuation.

Summary assessment

The results point to consistent and sustainable progress. The financial profile benefits from better sales economics, positive operating leverage and a stronger final result. Future reports should be judged by revenue momentum, margins, and the conversion of sales into net income.

Annual Income Statement Kirkland Lake Gold Ltd.

2020 2019 2018 2017 2016 2015 2014 2013 2012 2011

Market Cap

8.13 B 8.53 B 6.66 B 3.09 B 826 M 374 M 189 M 373 M 761 M 987 M

Shares

212 M 212 M 213 M 209 M 121 M 73.3 M 70.2 M 70.2 M 71.5 M 68.3 M

Net Income

788 M 560 M 274 M 132 M 42.1 M 16.5 M -10.1 M -3.6 M 42.1 M 21.3 M

Revenue

2.46 B 1.38 B 916 M 747 M 407 M 183 M 158 M 150 M 163 M 111 M

EBITDA

1.64 B 981 M 521 M 351 M 164 M 62.5 M 22.5 M 25.7 M 57.4 M 28.8 M

Operating Expenses

142 M 80.9 M 102 M 85.5 M 30.3 M 10.8 M 11.9 M 22.4 M 19.9 M 21.2 M

General and Administrative Expenses

60.5 M 45.4 M 31.6 M 24.2 M 10.4 M 5.69 M 5.05 M 5.52 M 5.41 M 3.35 M

All numbers in USD currency

The income statement is one of the three key financial reports of a company Kirkland Lake Gold Ltd. (alongside the balance sheet and the cash flow statement). It shows how the company makes money and what its expenses are:

  • How much revenue the company earned
  • How much it spent on production, personnel, marketing, taxes, etc.
  • What profit remained in the end

Analyzing the income statement helps an investor understand whether the business generates stable and growing profits, how effectively the company controls its expenses, and whether it is capable of generating income in the future. Additionally, this analysis shows how the company copes with crises and economic cycles, and allows assessing the potential for stock price growth and dividend payments.

Features
  • The income statement may include both recurring and one-time items (for example, profit from the sale of assets). It is necessary to separate core metrics from one-off events for accurate analysis.
  • Companies often publish interim reports (e.g., quarterly), which allows for more timely tracking of trends.
  • A combined analysis of the income statement with the balance sheet and cash flow statement provides a comprehensive view of the company’s financial health.

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