Fortuna Silver Mines Inc
TSX:FVI
Income Statement
Earnings Waterfall
Fortuna Silver Mines Inc
Revenue
|
842.4m
USD
|
Cost of Revenue
|
-636.1m
USD
|
Gross Profit
|
206.3m
USD
|
Operating Expenses
|
-82.7m
USD
|
Operating Income
|
123.6m
USD
|
Other Expenses
|
-174.4m
USD
|
Net Income
|
-50.8m
USD
|
Income Statement
Fortuna Silver Mines Inc
Dec-2013 | Mar-2014 | Jun-2014 | Sep-2014 | Dec-2014 | Mar-2015 | Jun-2015 | Sep-2015 | Dec-2015 | Mar-2016 | Jun-2016 | Sep-2016 | Dec-2016 | Mar-2017 | Jun-2017 | Sep-2017 | Dec-2017 | Mar-2018 | Jun-2018 | Sep-2018 | Dec-2018 | Mar-2019 | Jun-2019 | Sep-2019 | Dec-2019 | Mar-2020 | Jun-2020 | Sep-2020 | Dec-2020 | Mar-2021 | Jun-2021 | Sep-2021 | Dec-2021 | Mar-2022 | Jun-2022 | Sep-2022 | Dec-2022 | Mar-2023 | Jun-2023 | Sep-2023 | Dec-2023 | ||
---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
Revenue | ||||||||||||||||||||||||||||||||||||||||||
Revenue |
137
N/A
|
142
+3%
|
156
+10%
|
173
+10%
|
174
+1%
|
168
-3%
|
163
-3%
|
156
-5%
|
155
-1%
|
158
+2%
|
163
+4%
|
189
+16%
|
210
+11%
|
232
+11%
|
252
+8%
|
251
0%
|
268
+7%
|
274
+2%
|
284
+4%
|
279
-2%
|
263
-6%
|
252
-4%
|
246
-2%
|
248
+1%
|
257
+4%
|
246
-4%
|
222
-10%
|
244
+10%
|
279
+14%
|
349
+25%
|
425
+22%
|
504
+19%
|
600
+19%
|
664
+11%
|
712
+7%
|
716
+1%
|
681
-5%
|
675
-1%
|
665
-1%
|
742
+11%
|
842
+14%
|
|
Gross Profit | ||||||||||||||||||||||||||||||||||||||||||
Cost of Revenue |
(96)
|
(100)
|
(104)
|
(112)
|
(114)
|
(113)
|
(113)
|
(112)
|
(111)
|
(111)
|
(111)
|
(119)
|
(130)
|
(140)
|
(153)
|
(156)
|
(159)
|
(160)
|
(161)
|
(165)
|
(167)
|
(165)
|
(168)
|
(169)
|
(171)
|
(174)
|
(160)
|
(156)
|
(169)
|
(195)
|
(237)
|
(309)
|
(387)
|
(440)
|
(499)
|
(526)
|
(526)
|
(542)
|
(537)
|
(574)
|
(636)
|
|
Gross Profit |
42
N/A
|
42
+1%
|
52
+23%
|
61
+17%
|
60
0%
|
56
-8%
|
50
-11%
|
43
-13%
|
44
+0%
|
47
+7%
|
52
+12%
|
70
+35%
|
81
+15%
|
92
+14%
|
99
+7%
|
95
-4%
|
110
+15%
|
114
+4%
|
123
+8%
|
114
-7%
|
97
-16%
|
87
-10%
|
78
-10%
|
79
+0%
|
86
+9%
|
72
-16%
|
63
-13%
|
88
+41%
|
110
+25%
|
154
+40%
|
189
+22%
|
196
+4%
|
213
+9%
|
225
+6%
|
213
-5%
|
190
-11%
|
156
-18%
|
133
-15%
|
128
-3%
|
168
+31%
|
206
+23%
|
|
Operating Income | ||||||||||||||||||||||||||||||||||||||||||
Operating Expenses |
(20)
|
(22)
|
(25)
|
(24)
|
(25)
|
(23)
|
(20)
|
(19)
|
(19)
|
(48)
|
(55)
|
(60)
|
(32)
|
(28)
|
(23)
|
(22)
|
(27)
|
(30)
|
(32)
|
(31)
|
(28)
|
(29)
|
(27)
|
(30)
|
(32)
|
(30)
|
(33)
|
(33)
|
(36)
|
(41)
|
(41)
|
(56)
|
(61)
|
(70)
|
(76)
|
(65)
|
(63)
|
(60)
|
(66)
|
(67)
|
(83)
|
|
Selling, General & Administrative |
(20)
|
(22)
|
(25)
|
(24)
|
(25)
|
(22)
|
(19)
|
(18)
|
(18)
|
(23)
|
(30)
|
(34)
|
(31)
|
(27)
|
(21)
|
(18)
|
(26)
|
(27)
|
(29)
|
(29)
|
(27)
|
(26)
|
(25)
|
(27)
|
(30)
|
(27)
|
(30)
|
(32)
|
(36)
|
(40)
|
(39)
|
(41)
|
(55)
|
(64)
|
(69)
|
(71)
|
(61)
|
(59)
|
(59)
|
(61)
|
(64)
|
|
Research & Development |
(0)
|
(0)
|
(0)
|
0
|
0
|
0
|
(0)
|
(0)
|
(0)
|
(0)
|
(0)
|
(0)
|
(0)
|
(0)
|
(0)
|
(0)
|
(2)
|
(2)
|
(2)
|
(2)
|
(1)
|
(1)
|
(1)
|
(2)
|
(2)
|
(3)
|
(2)
|
(1)
|
(1)
|
(1)
|
(1)
|
(1)
|
(1)
|
(1)
|
(2)
|
(1)
|
(1)
|
(1)
|
(1)
|
0
|
0
|
|
Depreciation & Amortization |
0
|
0
|
0
|
0
|
(1)
|
0
|
0
|
0
|
(0)
|
0
|
0
|
0
|
0
|
0
|
0
|
0
|
0
|
0
|
0
|
0
|
0
|
0
|
0
|
0
|
0
|
0
|
0
|
0
|
0
|
0
|
0
|
0
|
0
|
0
|
0
|
0
|
0
|
0
|
0
|
0
|
0
|
|
Other Operating Expenses |
0
|
0
|
0
|
0
|
0
|
0
|
0
|
(0)
|
0
|
(25)
|
(25)
|
(25)
|
0
|
0
|
(1)
|
(2)
|
1
|
(2)
|
(2)
|
(1)
|
(1)
|
(2)
|
(1)
|
(1)
|
(0)
|
(0)
|
0
|
0
|
0
|
0
|
(1)
|
(14)
|
(5)
|
(5)
|
(5)
|
8
|
(0)
|
0
|
(6)
|
(6)
|
(19)
|
|
Operating Income |
22
N/A
|
20
-8%
|
27
+35%
|
37
+39%
|
35
-5%
|
33
-7%
|
30
-9%
|
24
-18%
|
25
+3%
|
(2)
N/A
|
(3)
-81%
|
11
N/A
|
49
+362%
|
64
+31%
|
76
+18%
|
74
-3%
|
83
+13%
|
84
+1%
|
91
+8%
|
83
-8%
|
69
-18%
|
58
-15%
|
52
-11%
|
49
-6%
|
54
+10%
|
42
-21%
|
30
-29%
|
55
+83%
|
74
+35%
|
113
+53%
|
148
+30%
|
140
-5%
|
152
+9%
|
155
+2%
|
137
-11%
|
125
-9%
|
93
-25%
|
73
-22%
|
62
-14%
|
101
+62%
|
124
+23%
|
|
Pre-Tax Income | ||||||||||||||||||||||||||||||||||||||||||
Interest Income Expense |
(0)
|
(1)
|
(1)
|
(1)
|
0
|
(0)
|
(1)
|
(3)
|
(3)
|
(4)
|
(4)
|
(2)
|
(0)
|
(6)
|
(6)
|
(9)
|
(7)
|
(4)
|
(1)
|
4
|
2
|
(3)
|
(5)
|
(15)
|
(3)
|
2
|
1
|
5
|
(10)
|
(11)
|
(16)
|
(14)
|
(17)
|
(25)
|
(20)
|
(25)
|
(18)
|
(16)
|
(20)
|
(27)
|
(18)
|
|
Non-Reccuring Items |
(31)
|
(31)
|
(16)
|
(15)
|
(1)
|
0
|
0
|
0
|
(25)
|
0
|
0
|
0
|
(1)
|
0
|
0
|
0
|
30
|
31
|
31
|
31
|
(2)
|
(0)
|
(0)
|
(2)
|
(6)
|
(6)
|
(8)
|
(8)
|
(4)
|
(4)
|
(6)
|
(18)
|
(24)
|
(26)
|
(26)
|
(17)
|
(198)
|
(195)
|
(192)
|
(188)
|
(113)
|
|
Total Other Income |
0
|
0
|
0
|
0
|
(1)
|
0
|
0
|
(0)
|
(1)
|
0
|
(0)
|
(0)
|
(1)
|
(1)
|
(1)
|
(1)
|
(1)
|
(1)
|
(1)
|
0
|
(1)
|
(1)
|
(1)
|
(1)
|
(1)
|
(1)
|
(1)
|
(1)
|
(1)
|
(2)
|
(2)
|
(3)
|
(4)
|
(3)
|
(2)
|
0
|
(3)
|
0
|
0
|
0
|
(3)
|
|
Pre-Tax Income |
(10)
N/A
|
(12)
-19%
|
10
N/A
|
21
+106%
|
33
+57%
|
32
-3%
|
29
-10%
|
22
-26%
|
(3)
N/A
|
(6)
-78%
|
(7)
-19%
|
8
N/A
|
47
+461%
|
58
+22%
|
69
+20%
|
64
-7%
|
105
+64%
|
110
+4%
|
120
+9%
|
117
-2%
|
67
-43%
|
55
-19%
|
45
-17%
|
31
-32%
|
44
+42%
|
37
-16%
|
22
-42%
|
51
+136%
|
59
+15%
|
96
+63%
|
124
+29%
|
105
-15%
|
107
+2%
|
101
-6%
|
88
-13%
|
81
-8%
|
(125)
N/A
|
(139)
-11%
|
(150)
-8%
|
(114)
+24%
|
(11)
+90%
|
|
Net Income | ||||||||||||||||||||||||||||||||||||||||||
Tax Provision |
(9)
|
(9)
|
(18)
|
(20)
|
(17)
|
(17)
|
(17)
|
(15)
|
(7)
|
(6)
|
(7)
|
(14)
|
(29)
|
(31)
|
(32)
|
(27)
|
(39)
|
(43)
|
(51)
|
(51)
|
(33)
|
(32)
|
(24)
|
(24)
|
(20)
|
(20)
|
(21)
|
(29)
|
(37)
|
(44)
|
(49)
|
(43)
|
(48)
|
(41)
|
(43)
|
(40)
|
(11)
|
(12)
|
1
|
(0)
|
(33)
|
|
Income from Continuing Operations |
(19)
|
(21)
|
(7)
|
1
|
16
|
15
|
12
|
7
|
(11)
|
(12)
|
(14)
|
(6)
|
18
|
27
|
37
|
37
|
66
|
67
|
69
|
66
|
34
|
23
|
22
|
7
|
24
|
17
|
1
|
22
|
22
|
52
|
74
|
61
|
59
|
60
|
45
|
41
|
(136)
|
(151)
|
(149)
|
(114)
|
(44)
|
|
Income to Minority Interest |
0
|
0
|
0
|
0
|
0
|
0
|
0
|
0
|
0
|
0
|
0
|
0
|
0
|
0
|
0
|
0
|
0
|
0
|
0
|
0
|
0
|
0
|
0
|
0
|
0
|
0
|
0
|
0
|
0
|
0
|
0
|
(1)
|
(2)
|
(2)
|
(2)
|
(1)
|
8
|
8
|
7
|
3
|
(7)
|
|
Net Income (Common) |
(19)
N/A
|
(21)
-9%
|
(7)
+65%
|
1
N/A
|
16
+2 129%
|
15
-6%
|
12
-18%
|
7
-43%
|
(11)
N/A
|
(12)
-12%
|
(14)
-13%
|
(6)
+56%
|
18
N/A
|
27
+49%
|
37
+39%
|
37
+0%
|
66
+79%
|
67
+1%
|
69
+3%
|
66
-5%
|
34
-48%
|
23
-34%
|
22
-4%
|
7
-68%
|
24
+240%
|
17
-28%
|
1
-94%
|
22
+1 891%
|
22
-1%
|
52
+143%
|
74
+42%
|
61
-18%
|
58
-5%
|
58
-1%
|
44
-24%
|
40
-8%
|
(128)
N/A
|
(143)
-12%
|
(143)
+1%
|
(111)
+22%
|
(51)
+54%
|
|
EPS (Diluted) |
-0.14
N/A
|
-0.15
-7%
|
-0.05
+67%
|
0.01
N/A
|
0.12
+1 100%
|
0.11
-8%
|
0.09
-18%
|
0.05
-44%
|
-0.08
N/A
|
-0.09
-13%
|
-0.1
-11%
|
-0.05
+50%
|
0.13
N/A
|
0.18
+38%
|
0.25
+39%
|
0.24
-4%
|
0.42
+75%
|
0.42
N/A
|
0.43
+2%
|
0.41
-5%
|
0.21
-49%
|
0.13
-38%
|
0.12
-8%
|
0.03
-75%
|
0.14
+367%
|
0.1
-29%
|
0.01
-90%
|
0.13
+1 200%
|
0.12
-8%
|
0.28
+133%
|
0.4
+43%
|
0.21
-48%
|
0.23
+10%
|
0.19
-17%
|
0.14
-26%
|
0.13
-7%
|
-0.44
N/A
|
-0.49
-11%
|
-0.49
N/A
|
-0.39
+20%
|
-0.17
+56%
|