Lundin Historical Income Statement

LUN Stock

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Historical analysis of Lundin Mining income statement accounts such as Other Operating Expenses of 3 B can show how well Lundin Mining performed in making a profits. Evaluating Lundin Mining income statement over time to spot trends is a great complementary tool to traditional technical analysis and can indicate the direction of Lundin Mining's future profits or losses.

Cash Flow Balance Sheet Income Statement

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Financial Statement Analysis is much more than just reviewing and examining Lundin Mining latest accounting reports to predict its past. Macroaxis encourages investors to analyze financial statements over time for various trends across multiple indicators and accounts to determine whether Lundin Mining is a good buy for the upcoming year.

Net Income Gross Profit

Check out Correlation Analysis to better understand how to build diversified portfolios, which includes a position in Lundin Mining. Also, note that the market value of any company could be closely tied with the direction of predictive economic indicators such as signals in board of governors.

About Lundin Income Statement Analysis

Lundin Mining Income Statement consists of revenues and expenses along with the resulting net income or loss. It represents the profit for the accounting period attributable to Lundin Mining shareholders. The income statement also shows Lundin investors and management if the firm made money during the period reported. The result of an income statement is the net income that is calculated after subtracting the expenses from revenue. It is essential to investors both as an absolute measure as well as earnings per share (i.e., EPS).

Lundin Mining Income Statement Chart

At this time, Lundin Mining's Total Other Income Expense Net is very stable compared to the past year. As of the 1st of December 2024, Net Income is likely to grow to about 253.6 M, while Selling General Administrative is likely to drop about 33.9 M.

Selling General Administrative Other Operating Expenses Ebitda Total Operating Expenses Tax Provision

Other Operating Expenses

Other Operating Expenses is the expense which generally does not depend on sales or production quantities of Lundin Mining. It is also known as Lundin Mining overhead expenses. Typically these expenses include marketing, rent and utilities, office, leases, and other overhead cost. Expenses incurred from non-core business activities, including administrative and general expenses, but excluding costs directly related to production.

Total Operating Expenses

The total costs associated with the day-to-day operations of a business, excluding the cost of goods sold but including selling, general, and administrative expenses.

Tax Provision

The amount set aside by a company to cover any estimated taxes for the current period. It reflects the company's expected tax liabilities.

Most accounts from Lundin Mining's income statement are interrelated and interconnected. However, analyzing income statement accounts one by one will only give a small insight into Lundin Mining current financial condition. On the other hand, looking into the entire matrix of income statement accounts, and analyzing their relationships over time can provide a more complete picture of the company financial strength now and in the future. Check out Correlation Analysis to better understand how to build diversified portfolios, which includes a position in Lundin Mining. Also, note that the market value of any company could be closely tied with the direction of predictive economic indicators such as signals in board of governors.

	2021	2022	2023	2024 (projected)
Total Operating Expenses	106.2M	212.6M	145.6M	87.5M
EBITDA	1.8B	1.0B	1.2B	1.3B

Total Operating Expenses Ebitda

Lundin Mining income statement Correlations

	Depreciation And Amortization	Interest Expense	Selling General Administrative	Other Operating Expenses	Operating Income	Ebit	Ebitda	Total Operating Expenses	Income Before Tax	Total Other Income Expense Net	Net Income	Income Tax Expense	Total Revenue	Gross Profit	Cost Of Revenue	Discontinued Operations	Net Income From Continuing Ops	Non Recurring	Minority Interest	Selling And Marketing Expenses	Research Development	Tax Provision	Interest Income	Net Interest Income	Reconciled Depreciation
Depreciation And Amortization		0.6	0.61	0.96	0.49	0.58	0.83	0.24	0.47	-0.32	0.15	0.67	0.93	0.55	0.96	0.13	0.2	0.37	-0.4	0.06	0.12	0.59	-0.54	0.29	0.68
Interest Expense	0.6		0.08	0.45	0.01	0.08	0.31	-0.02	-0.1	-0.52	-0.44	0.12	0.37	0.01	0.46	-0.3	-0.31	0.21	0.03	0.16	-0.28	0.02	0.23	-0.41	0.12
Selling General Administrative	0.61	0.08		0.68	0.61	0.61	0.68	0.74	0.61	0.13	0.5	0.62	0.72	0.71	0.65	0.43	0.48	0.73	-0.17	-0.23	0.21	0.61	-0.68	0.52	0.58
Other Operating Expenses	0.96	0.45	0.68		0.5	0.62	0.84	0.3	0.56	-0.08	0.3	0.71	0.97	0.58	1.0	0.25	0.32	0.35	-0.52	0.12	0.22	0.63	-0.67	0.3	0.78
Operating Income	0.49	0.01	0.61	0.5		0.96	0.87	0.23	0.93	0.02	0.71	0.9	0.69	0.98	0.5	0.26	0.87	0.3	-0.42	-0.13	-0.01	0.95	-0.5	0.62	0.5
Ebit	0.58	0.08	0.61	0.62	0.96		0.93	0.22	0.96	0.09	0.75	0.96	0.78	0.96	0.62	0.35	0.83	0.23	-0.52	-0.06	-0.04	0.97	-0.55	0.5	0.58
Ebitda	0.83	0.31	0.68	0.84	0.87	0.93		0.26	0.86	-0.07	0.58	0.95	0.94	0.89	0.84	0.3	0.66	0.32	-0.53	-0.02	0.02	0.92	-0.61	0.47	0.7
Total Operating Expenses	0.24	-0.02	0.74	0.3	0.23	0.22	0.26		0.28	0.21	0.31	0.19	0.3	0.4	0.24	0.32	0.22	0.58	0.05	-0.46	0.45	0.14	-0.28	0.22	0.23
Income Before Tax	0.47	-0.1	0.61	0.56	0.93	0.96	0.86	0.28		0.34	0.79	0.91	0.73	0.94	0.55	0.28	0.94	0.2	-0.54	-0.04	0.12	0.92	-0.57	0.56	0.59
Total Other Income Expense Net	-0.32	-0.52	0.13	-0.08	0.02	0.09	-0.07	0.21	0.34		0.37	0.03	-0.04	0.07	-0.1	0.02	0.46	-0.05	-0.23	0.12	0.24	0.06	-0.13	-0.02	0.19
Net Income	0.15	-0.44	0.5	0.3	0.71	0.75	0.58	0.31	0.79	0.37		0.69	0.46	0.74	0.29	0.74	0.77	0.1	-0.43	-0.2	0.22	0.75	-0.61	0.51	0.43
Income Tax Expense	0.67	0.12	0.62	0.71	0.9	0.96	0.95	0.19	0.91	0.03	0.69		0.84	0.91	0.71	0.35	0.74	0.17	-0.57	0.09	-0.06	0.96	-0.65	0.52	0.67
Total Revenue	0.93	0.37	0.72	0.97	0.69	0.78	0.94	0.3	0.73	-0.04	0.46	0.84		0.75	0.97	0.28	0.51	0.33	-0.56	0.08	0.19	0.79	-0.7	0.42	0.79
Gross Profit	0.55	0.01	0.71	0.58	0.98	0.96	0.89	0.4	0.94	0.07	0.74	0.91	0.75		0.57	0.32	0.86	0.34	-0.43	-0.18	0.13	0.93	-0.56	0.63	0.56
Cost Of Revenue	0.96	0.46	0.65	1.0	0.5	0.62	0.84	0.24	0.55	-0.1	0.29	0.71	0.97	0.57		0.23	0.31	0.32	-0.53	0.15	0.2	0.64	-0.66	0.3	0.78
Discontinued Operations	0.13	-0.3	0.43	0.25	0.26	0.35	0.3	0.32	0.28	0.02	0.74	0.35	0.28	0.32	0.23		0.17	0.22	-0.11	-0.36	0.14	0.38	-0.56	0.29	0.23
Net Income From Continuing Ops	0.2	-0.31	0.48	0.32	0.87	0.83	0.66	0.22	0.94	0.46	0.77	0.74	0.51	0.86	0.31	0.17		0.13	-0.49	-0.04	0.2	0.82	-0.44	0.57	0.47
Non Recurring	0.37	0.21	0.73	0.35	0.3	0.23	0.32	0.58	0.2	-0.05	0.1	0.17	0.33	0.34	0.32	0.22	0.13		0.3	-0.6	0.06	0.22	-0.16	0.2	0.24
Minority Interest	-0.4	0.03	-0.17	-0.52	-0.42	-0.52	-0.53	0.05	-0.54	-0.23	-0.43	-0.57	-0.56	-0.43	-0.53	-0.11	-0.49	0.3		-0.43	-0.28	-0.56	0.38	-0.05	-0.79
Selling And Marketing Expenses	0.06	0.16	-0.23	0.12	-0.13	-0.06	-0.02	-0.46	-0.04	0.12	-0.2	0.09	0.08	-0.18	0.15	-0.36	-0.04	-0.6	-0.43		-0.25	0.02	-0.15	-0.15	0.19
Research Development	0.12	-0.28	0.21	0.22	-0.01	-0.04	0.02	0.45	0.12	0.24	0.22	-0.06	0.19	0.13	0.2	0.14	0.2	0.06	-0.28	-0.25		-0.01	-0.23	0.24	0.32
Tax Provision	0.59	0.02	0.61	0.63	0.95	0.97	0.92	0.14	0.92	0.06	0.75	0.96	0.79	0.93	0.64	0.38	0.82	0.22	-0.56	0.02	-0.01		-0.62	0.57	0.67
Interest Income	-0.54	0.23	-0.68	-0.67	-0.5	-0.55	-0.61	-0.28	-0.57	-0.13	-0.61	-0.65	-0.7	-0.56	-0.66	-0.56	-0.44	-0.16	0.38	-0.15	-0.23	-0.62		-0.73	-0.53
Net Interest Income	0.29	-0.41	0.52	0.3	0.62	0.5	0.47	0.22	0.56	-0.02	0.51	0.52	0.42	0.63	0.3	0.29	0.57	0.2	-0.05	-0.15	0.24	0.57	-0.73		0.2
Reconciled Depreciation	0.68	0.12	0.58	0.78	0.5	0.58	0.7	0.23	0.59	0.19	0.43	0.67	0.79	0.56	0.78	0.23	0.47	0.24	-0.79	0.19	0.32	0.67	-0.53	0.2

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Lundin Mining Account Relationship Matchups

Lundin Mining income statement Accounts

	2019	2020	2021	2022	2023	2024 (projected)
Depreciation And Amortization	386.1M	447.5M	522.8M	554.8M	653.6M	686.3M
Interest Expense	13.9M	12.3M	7.5M	11.6M	63.9M	67.1M
Selling General Administrative	47.1M	44.2M	52.2M	53.9M	66.7M	33.9M
Other Operating Expenses	1.6B	1.6B	2.1B	2.5B	2.9B	3.0B
Operating Income	295.0M	364.2M	1.3B	448.2M	506.8M	273.8M
Ebit	280.8M	353.8M	1.3B	448.2M	595.7M	625.5M
Ebitda	666.9M	801.3M	1.8B	1.0B	1.2B	1.3B
Total Operating Expenses	134.7M	98.7M	106.2M	212.6M	145.6M	87.5M
Income Before Tax	269.6M	341.5M	1.2B	598.2M	531.8M	558.4M
Total Other Income Expense Net	(38.8M)	(57.9M)	(18.5M)	48.2M	25.1M	26.3M
Net Income	167.3M	168.8M	780.3M	426.9M	241.6M	253.6M
Income Tax Expense	80.4M	152.4M	365.7M	134.6M	216.6M	227.4M
Total Revenue	1.9B	2.0B	3.3B	3.0B	3.4B	3.6B
Gross Profit	440.4M	498.1M	1.4B	762.6M	652.4M	474.5M
Cost Of Revenue	1.5B	1.5B	2.0B	2.3B	2.7B	2.9B
Net Income From Continuing Ops	189.2M	189.1M	879.3M	463.5M	315.2M	163.3M
Net Income Applicable To Common Shares	167.3M	168.8M	780.3M	426.9M	490.9M	515.4M
Minority Interest	524.3M	518.6M	(99.0M)	(36.7M)	(73.7M)	(70.0M)
Selling And Marketing Expenses	3.7M	1.9M	771K	297K	6.1M	6.5M
Research Development	16.8M	18.0M	8.2M	107.6M	11.0M	10.4M
Tax Provision	80.4M	152.4M	365.7M	134.6M	216.6M	152.5M
Interest Income	1.8M	6.0M	6.9M	7.4M	11.1M	10.6M
Net Interest Income	(38.8M)	(36.3M)	(32.3M)	(49.8M)	(79.5M)	(83.5M)
Reconciled Depreciation	386.1M	447.5M	522.8M	554.8M	653.6M	513.1M

Pair Trading with Lundin Mining

One of the main advantages of trading using pair correlations is that every trade hedges away some risk. Because there are two separate transactions required, even if Lundin Mining position performs unexpectedly, the other equity can make up some of the losses. Pair trading also minimizes risk from directional movements in the market. For example, if an entire industry or sector drops because of unexpected headlines, the short position in Lundin Mining will appreciate offsetting losses from the drop in the long position's value.

Moving together with Lundin Stock

0.71	AG	First Majestic Silver	Pair Corr
0.64	IE	Ivanhoe Energy	Pair Corr
0.71	FDY	Faraday Copper Corp	Pair Corr

The ability to find closely correlated positions to Lundin Mining could be a great tool in your tax-loss harvesting strategies, allowing investors a quick way to find a similar-enough asset to replace Lundin Mining when you sell it. If you don't do this, your portfolio allocation will be skewed against your target asset allocation. So, investors can't just sell and buy back Lundin Mining - that would be a violation of the tax code under the "wash sale" rule, and this is why you need to find a similar enough asset and use the proceeds from selling Lundin Mining to buy it.

The correlation of Lundin Mining is a statistical measure of how it moves in relation to other instruments. This measure is expressed in what is known as the correlation coefficient, which ranges between -1 and +1. A perfect positive correlation (i.e., a correlation coefficient of +1) implies that as Lundin Mining moves, either up or down, the other security will move in the same direction. Alternatively, perfect negative correlation means that if Lundin Mining moves in either direction, the perfectly negatively correlated security will move in the opposite direction. If the correlation is 0, the equities are not correlated; they are entirely random. A correlation greater than 0.8 is generally described as strong, whereas a correlation less than 0.5 is generally considered weak.

Correlation analysis and pair trading evaluation for Lundin Mining can also be used as hedging techniques within a particular sector or industry or even over random equities to generate a better risk-adjusted return on your portfolios.

Pair Correlation Correlation Matching

Other Information on Investing in Lundin Stock

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Lundin Historical Income Statement

About Lundin Income Statement Analysis

Lundin Mining Income Statement Chart

Other Operating Expenses

Total Operating Expenses

Tax Provision

Lundin Mining income statement Correlations

Lundin Mining Account Relationship Matchups

High Positive Relationship

High Negative Relationship

Lundin Mining income statement Accounts

Pair Trading with Lundin Mining

Moving together with Lundin Stock

Other Information on Investing in Lundin Stock

COMMON DESTINATIONS

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COMPANY

Cost Of Revenue	+ 1.0	Other Operating Expenses
Gross Profit	+ 0.98	Operating Income
Total Revenue	+ 0.97	Other Operating Expenses
Tax Provision	+ 0.97	Ebit
Cost Of Revenue	+ 0.97	Total Revenue
Other Operating Expenses	+ 0.96	Depreciation And Amortization

Reconciled Depreciation	- 0.79	Minority Interest
Net Interest Income	- 0.73	Interest Income
Interest Income	- 0.7	Total Revenue
Interest Income	- 0.68	Selling General Administrative
Interest Income	- 0.67	Other Operating Expenses
Interest Income	- 0.66	Cost Of Revenue