Summary by Futu AI
Newmont Corporation has released unaudited pro forma financial information reflecting its acquisition of Newcrest Mining Limited, which was completed on November 6, 2023. The all-stock transaction was valued at $13.549 billion, with Newmont issuing approximately 357.7 million shares.The pro forma combined results for the year ended December 31, 2023 show sales of $15.432 billion and a net loss from continuing operations of $1.985 billion. The results include preliminary purchase price allocation adjustments and alignment of accounting policies between US GAAP and IFRS standards.The transaction's pro forma impact includes increased depreciation and amortization expenses, additional interest expenses of $68 million related to assumed debt, and various accounting adjustments for inventory valuation, property valuations, and equity method investments. The pro forma diluted loss per share was $1.74, based on approximately 1.158 billion weighted average shares outstanding.