Pan American Silver Corp
TSX:PAAS
Income Statement
Earnings Waterfall
Pan American Silver Corp
Revenue
|
2.3B
USD
|
Cost of Revenue
|
-2B
USD
|
Gross Profit
|
296.8m
USD
|
Operating Expenses
|
-179.5m
USD
|
Operating Income
|
117.3m
USD
|
Other Expenses
|
-221m
USD
|
Net Income
|
-103.7m
USD
|
Income Statement
Pan American Silver Corp
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 |
825
N/A
|
791
-4%
|
817
+3%
|
781
-4%
|
752
-4%
|
720
-4%
|
694
-4%
|
675
-3%
|
675
0%
|
655
-3%
|
673
+3%
|
747
+11%
|
775
+4%
|
815
+5%
|
824
+1%
|
781
-5%
|
817
+5%
|
825
+1%
|
840
+2%
|
837
0%
|
785
-6%
|
831
+6%
|
955
+15%
|
1 120
+17%
|
1 351
+21%
|
1 456
+8%
|
1 365
-6%
|
1 313
-4%
|
1 339
+2%
|
1 349
+1%
|
1 481
+10%
|
1 641
+11%
|
1 633
-1%
|
1 705
+4%
|
1 663
-2%
|
1 541
-7%
|
1 495
-3%
|
1 445
-3%
|
1 745
+21%
|
2 022
+16%
|
2 316
+15%
|
|
Gross Profit | ||||||||||||||||||||||||||||||||||||||||||
Cost of Revenue |
(693)
|
(703)
|
(722)
|
(733)
|
(744)
|
(741)
|
(726)
|
(721)
|
(707)
|
(673)
|
(645)
|
(605)
|
(576)
|
(600)
|
(609)
|
(607)
|
(645)
|
(634)
|
(639)
|
(688)
|
(684)
|
(770)
|
(897)
|
(994)
|
(1 122)
|
(1 208)
|
(1 119)
|
(1 007)
|
(979)
|
(948)
|
(1 026)
|
(1 212)
|
(1 265)
|
(1 360)
|
(1 453)
|
(1 452)
|
(1 446)
|
(1 386)
|
(1 584)
|
(1 777)
|
(2 019)
|
|
Gross Profit |
132
N/A
|
88
-33%
|
95
+7%
|
48
-49%
|
8
-83%
|
(21)
N/A
|
(32)
-53%
|
(46)
-42%
|
(32)
+30%
|
(18)
+44%
|
28
N/A
|
142
+415%
|
199
+40%
|
215
+8%
|
215
+0%
|
175
-19%
|
172
-1%
|
191
+11%
|
201
+5%
|
149
-26%
|
101
-32%
|
62
-39%
|
58
-6%
|
126
+118%
|
229
+82%
|
248
+8%
|
245
-1%
|
306
+25%
|
360
+18%
|
400
+11%
|
455
+14%
|
429
-6%
|
368
-14%
|
345
-6%
|
210
-39%
|
89
-57%
|
48
-46%
|
59
+22%
|
161
+174%
|
245
+52%
|
297
+21%
|
|
Operating Income | ||||||||||||||||||||||||||||||||||||||||||
Operating Expenses |
(25)
|
(17)
|
(15)
|
(17)
|
(32)
|
(33)
|
(33)
|
(35)
|
(35)
|
(34)
|
(36)
|
(37)
|
(33)
|
(34)
|
(33)
|
(39)
|
(47)
|
(47)
|
(46)
|
(39)
|
(38)
|
(40)
|
(51)
|
(57)
|
(72)
|
(79)
|
(83)
|
(87)
|
(93)
|
(91)
|
(86)
|
(91)
|
(78)
|
(83)
|
(87)
|
(82)
|
(95)
|
(107)
|
(134)
|
(157)
|
(180)
|
|
Selling, General & Administrative |
(16)
|
(15)
|
(16)
|
(16)
|
(13)
|
(13)
|
(13)
|
(11)
|
(18)
|
(18)
|
(20)
|
(24)
|
(24)
|
(24)
|
(22)
|
(22)
|
(21)
|
(22)
|
(22)
|
(22)
|
(23)
|
(26)
|
(34)
|
(43)
|
(55)
|
(61)
|
(62)
|
(64)
|
(63)
|
(64)
|
(67)
|
(66)
|
(67)
|
(72)
|
(75)
|
(78)
|
(74)
|
(86)
|
(110)
|
(129)
|
(144)
|
|
Research & Development |
(18)
|
(14)
|
(11)
|
(12)
|
(18)
|
(19)
|
(19)
|
(19)
|
(12)
|
(10)
|
(10)
|
(11)
|
(11)
|
(14)
|
(15)
|
(19)
|
(20)
|
(19)
|
(16)
|
(12)
|
(11)
|
(10)
|
(14)
|
(13)
|
(12)
|
(12)
|
(9)
|
(9)
|
(7)
|
(7)
|
(8)
|
(8)
|
(11)
|
(11)
|
(13)
|
(14)
|
(18)
|
(17)
|
(18)
|
(19)
|
(15)
|
|
Other Operating Expenses |
8
|
12
|
12
|
11
|
(1)
|
(1)
|
(2)
|
(6)
|
(5)
|
(6)
|
(6)
|
(2)
|
2
|
4
|
5
|
2
|
(6)
|
(6)
|
(8)
|
(5)
|
(4)
|
(4)
|
(3)
|
(2)
|
(5)
|
(6)
|
(13)
|
(14)
|
(22)
|
(20)
|
(12)
|
(16)
|
0
|
0
|
2
|
10
|
(2)
|
(4)
|
(6)
|
(8)
|
(21)
|
|
Operating Income |
107
N/A
|
71
-33%
|
80
+12%
|
31
-61%
|
(24)
N/A
|
(53)
-119%
|
(65)
-22%
|
(81)
-23%
|
(67)
+17%
|
(52)
+22%
|
(8)
+84%
|
106
N/A
|
166
+57%
|
181
+9%
|
182
+1%
|
135
-26%
|
126
-7%
|
144
+15%
|
155
+8%
|
110
-29%
|
63
-42%
|
21
-66%
|
7
-66%
|
69
+842%
|
157
+128%
|
169
+8%
|
163
-4%
|
219
+35%
|
268
+22%
|
309
+15%
|
369
+19%
|
338
-8%
|
290
-14%
|
262
-10%
|
124
-53%
|
7
-94%
|
(46)
N/A
|
(48)
-4%
|
27
N/A
|
88
+228%
|
117
+33%
|
|
Pre-Tax Income | ||||||||||||||||||||||||||||||||||||||||||
Interest Income Expense |
(10)
|
(12)
|
(17)
|
(19)
|
(14)
|
(17)
|
(15)
|
(14)
|
(14)
|
(10)
|
(14)
|
(14)
|
(7)
|
0
|
7
|
8
|
7
|
4
|
9
|
9
|
9
|
17
|
6
|
33
|
81
|
26
|
77
|
63
|
62
|
68
|
32
|
(7)
|
(65)
|
23
|
(1)
|
5
|
21
|
(19)
|
(32)
|
(24)
|
(40)
|
|
Non-Reccuring Items |
(526)
|
(512)
|
(330)
|
(331)
|
(595)
|
(595)
|
(595)
|
(624)
|
(150)
|
(150)
|
(132)
|
(97)
|
25
|
25
|
7
|
1
|
58
|
70
|
69
|
69
|
(30)
|
(40)
|
(39)
|
(43)
|
(44)
|
(65)
|
(114)
|
(131)
|
(67)
|
(59)
|
(6)
|
43
|
32
|
32
|
(72)
|
(101)
|
(259)
|
(277)
|
(228)
|
(218)
|
(96)
|
|
Total Other Income |
0
|
(1)
|
0
|
0
|
(4)
|
(1)
|
(2)
|
(4)
|
(5)
|
(5)
|
(6)
|
(7)
|
(7)
|
(8)
|
(9)
|
(8)
|
(8)
|
(8)
|
(8)
|
(9)
|
(9)
|
(9)
|
(10)
|
(11)
|
(12)
|
(13)
|
(12)
|
(12)
|
(11)
|
(11)
|
(11)
|
(13)
|
(13)
|
(14)
|
(16)
|
(16)
|
(17)
|
(19)
|
(26)
|
(33)
|
(40)
|
|
Pre-Tax Income |
(429)
N/A
|
(453)
-6%
|
(268)
+41%
|
(319)
-19%
|
(637)
-100%
|
(666)
-4%
|
(677)
-2%
|
(722)
-7%
|
(236)
+67%
|
(217)
+8%
|
(161)
+26%
|
(12)
+93%
|
176
N/A
|
198
+12%
|
188
-5%
|
137
-27%
|
183
+34%
|
209
+15%
|
225
+7%
|
180
-20%
|
33
-82%
|
(11)
N/A
|
(37)
-239%
|
47
N/A
|
183
+286%
|
117
-36%
|
114
-3%
|
140
+23%
|
252
+80%
|
307
+22%
|
384
+25%
|
361
-6%
|
245
-32%
|
303
+24%
|
35
-88%
|
(105)
N/A
|
(301)
-188%
|
(364)
-21%
|
(259)
+29%
|
(186)
+28%
|
(59)
+68%
|
|
Net Income | ||||||||||||||||||||||||||||||||||||||||||
Tax Provision |
(17)
|
(6)
|
(10)
|
7
|
93
|
95
|
104
|
102
|
4
|
7
|
(8)
|
(46)
|
(74)
|
(78)
|
(66)
|
(41)
|
(59)
|
(58)
|
(73)
|
(54)
|
(21)
|
(22)
|
(14)
|
(51)
|
(71)
|
(117)
|
(113)
|
(111)
|
(76)
|
(61)
|
(86)
|
(108)
|
(146)
|
(120)
|
(97)
|
(49)
|
(39)
|
(36)
|
(15)
|
(39)
|
(46)
|
|
Income from Continuing Operations |
(446)
|
(459)
|
(278)
|
(312)
|
(545)
|
(571)
|
(573)
|
(620)
|
(232)
|
(210)
|
(168)
|
(58)
|
102
|
120
|
122
|
96
|
124
|
152
|
152
|
125
|
12
|
(33)
|
(51)
|
(4)
|
111
|
0
|
1
|
29
|
177
|
246
|
298
|
253
|
99
|
183
|
(62)
|
(153)
|
(340)
|
(400)
|
(274)
|
(226)
|
(105)
|
|
Income to Minority Interest |
0
|
0
|
(0)
|
(0)
|
(1)
|
(1)
|
(1)
|
(0)
|
5
|
4
|
4
|
3
|
(2)
|
(2)
|
(2)
|
(2)
|
(3)
|
(3)
|
(3)
|
(2)
|
(2)
|
(1)
|
(1)
|
(1)
|
(1)
|
0
|
1
|
2
|
1
|
1
|
(0)
|
(1)
|
(1)
|
(1)
|
(1)
|
(2)
|
(2)
|
(1)
|
(1)
|
1
|
1
|
|
Net Income (Common) |
(446)
N/A
|
(459)
-3%
|
(278)
+39%
|
(313)
-12%
|
(546)
-75%
|
(572)
-5%
|
(574)
0%
|
(620)
-8%
|
(227)
+63%
|
(206)
+9%
|
(164)
+20%
|
(55)
+67%
|
100
N/A
|
118
+18%
|
120
+1%
|
94
-21%
|
121
+29%
|
149
+23%
|
150
+0%
|
123
-18%
|
10
-92%
|
(34)
N/A
|
(52)
-52%
|
(5)
+91%
|
111
N/A
|
1
-99%
|
2
+243%
|
30
+1 167%
|
178
+485%
|
247
+39%
|
298
+21%
|
252
-15%
|
97
-61%
|
182
+87%
|
(63)
N/A
|
(155)
-145%
|
(342)
-121%
|
(402)
-18%
|
(275)
+32%
|
(225)
+18%
|
(104)
+54%
|
|
EPS (Diluted) |
-2.94
N/A
|
-3.03
-3%
|
-1.84
+39%
|
-2.06
-12%
|
-3.6
-75%
|
-3.78
-5%
|
-3.79
0%
|
-4.1
-8%
|
-1.49
+64%
|
-1.36
+9%
|
-1.09
+20%
|
-0.37
+66%
|
0.66
N/A
|
0.77
+17%
|
0.78
+1%
|
0.61
-22%
|
0.79
+30%
|
0.97
+23%
|
0.98
+1%
|
0.81
-17%
|
0.07
-91%
|
-0.19
N/A
|
-0.24
-26%
|
-0.02
+92%
|
0.55
N/A
|
0.01
-98%
|
0.02
+100%
|
0.14
+600%
|
0.85
+507%
|
1.17
+38%
|
1.41
+21%
|
1.19
-16%
|
0.46
-61%
|
0.86
+87%
|
-0.3
N/A
|
-0.74
-147%
|
-1.62
-119%
|
-1.91
-18%
|
-0.75
+61%
|
-0.61
+19%
|
-0.32
+48%
|