Income Statement Cornish Metals Inc.

Equities

CUSN

CA21948L1040

Diversified Mining

Market Closed - Toronto S.E. Other stock markets 20:57:34 06/09/2024 BST			5-day change	1st Jan Change
0.1100 ^CAD	0.00%		-12.00%	-37.14%

08-19	Cornish Metals Surges 22% After Reporting Final Drilling Results from the Wide Formation Target	MT
08-19	Cornish Metals loss widens as pushes tin mine to production	AN

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Published financial data: CORNISH METALS INC.

Annual

Quarterly

Halfyear

YTD

LTM

Fiscal Period: January	2019	2020	2021	2022	2023
Selling General & Admin Expenses, Total	1.98M	1.44M	1.56M	2.8M	5.18M
Exploration / Drilling Costs, Total	5.88K	6.24K	3.97K	37.05K	28.02K
Stock-Based Compensation (IS)	-	-	-	-	-
Depreciation & Amortization - (IS)	7.54K	91.4K	87.03K	25.51K	443
Impairment of Oil, Gas & Mineral Properties - (IS)	-	880K	-	-	-
Other Operating Expenses	-	-	-	-	-
Other Operating Expenses, Total	1.99M	2.42M	1.65M	2.86M	5.21M
Operating Income	-1.99M	-2.42M	-1.65M	-2.86M	-5.21M
Interest Expense, Total	-483K	-805K	-302K	-19.66K	-
Interest And Investment Income	27.52K	8.16K	4.54K	1.1K	1.85M
Net Interest Expenses	-456K	-797K	-297K	-18.56K	1.85M
Currency Exchange Gains (Loss)	-63.22K	-23.44K	-8.01K	-347K	430K
Other Non Operating Income (Expenses)	-22.11K	-14.07K	-30.57K	-130K	-94.65K
EBT, Excl. Unusual Items	-2.53M	-3.25M	-1.99M	-3.35M	-3.02M
Gain (Loss) On Sale Of Investments	2.89M	194K	392K	445K	-128K
Gain (Loss) On Sale Of Assets	-28.87K	-	-	-3.07K	-1K
Other Unusual Items	-	-1.5M	-	-	-
EBT, Incl. Unusual Items	326K	-4.56M	-1.6M	-2.91M	-3.15M
Income Tax Expense	-	-	-	-	-189K
Earnings From Continuing Operations	326K	-4.56M	-1.6M	-2.91M	-2.96M
Net Income to Company	326K	-4.56M	-1.6M	-2.91M	-2.96M
Net Income - (IS)	326K	-4.56M	-1.6M	-2.91M	-2.96M
Net Income to Common Incl Extra Items	326K	-4.56M	-1.6M	-2.91M	-2.96M
Net Income to Common Excl. Extra Items	326K	-4.56M	-1.6M	-2.91M	-2.96M
Per Share Items
Net EPS - Basic	0	-0.05	-0.01	-0.01	-0
Basic EPS - Continuing Operations	0	-0.05	-0.01	-0.01	-0
Basic Weighted Average Shares Outstanding	83.47M	86.77M	135M	268M	535M
Net EPS - Diluted	0	-0.05	-0.01	-0.01	-0
Diluted EPS - Continuing Operations	0	-0.05	-0.01	-0.01	-0
Diluted Weighted Average Shares Outstanding	84.86M	86.77M	135M	268M	535M
Normalized Basic EPS	-0.02	-0.02	-0.01	-0.01	-0
Normalized Diluted EPS	-0.02	-0.02	-0.01	-0.01	-0
Supplemental Items
EBITDA	-1.99M	-1.53M	-1.65M	-2.86M	-3.28M
EBITA	-1.99M	-2.42M	-1.65M	-2.86M	-5.21M
EBIT	-1.99M	-2.42M	-1.65M	-2.86M	-5.21M
EBITDAR	-	-1.57M	-1.67M	-2.86M	-
Effective Tax Rate - (Ratio)	-	-	-	-	6
Current Foreign Taxes	-	-	-	-	16K
Total Current Taxes	-	-	-	-	-189K
Normalized Net Income	-1.58M	-2.03M	-1.24M	-2.1M	-1.89M
Interest Capitalized	318K	491K	491K	27.76K	-
Supplemental Operating Expense Items
Advertising Expense	664K	407K	135K	373K	515K
Selling and Marketing Expenses	664K	407K	135K	373K	515K
General and Administrative Expenses	654K	256K	647K	1.19M	1.56M
Exploration/Drilling Costs	5.88K	6.24K	3.97K	37.05K	25.68K
Net Rental Expense, Total	-	-40.3K	-24.4K	-3.6K	-
Imputed Operating Lease Interest Expense	-	-73.88K	-27.33K	-454	-
Imputed Operating Lease Depreciation	-	33.58K	2.93K	-3.15K	-
Stock-Based Comp., G&A Exp. (Total)	167K	-	304K	80.55K	224K
Stock-Based Comp., Other (Total)	-	-	-	-	-
Total Stock-Based Compensation	167K	-	304K	80.55K	224K

Fiscal Period: January	2019	2020	2021	2022	2023
Assets
Cash And Equivalents	2.16M	1.31M	354K	6.92M	25.79M
Short Term Investments	1.17M	548K	1M	1.57M	2.67M
Total Cash And Short Term Investments	3.33M	1.85M	1.36M	8.5M	28.46M
Other Receivables	14.68K	23.41K	23.64K	107K	1.11M
Total Receivables	14.68K	23.41K	23.64K	107K	1.11M
Prepaid Expenses	133K	54.7K	41.69K	232K	591K
Other Current Assets, Total	553K	-	840K	-	135K
Total Current Assets	4.03M	1.93M	2.26M	8.84M	30.3M
Gross Property Plant And Equipment	12.61M	14.26M	16.39M	27.46M	75.18M
Accumulated Depreciation	-234K	-376K	-512K	-251K	-1.34M
Net Property Plant And Equipment	12.37M	13.89M	15.87M	27.21M	73.84M
Long-term Investments	-	-	-	-	-
Other Intangibles, Total	3.76K	9.88K	5.05K	444	66.74K
Other Long-Term Assets, Total	1.57M	36.83K	36.98K	42.45K	85.95K
Total Assets	17.98M	15.86M	18.18M	36.09M	104M
Liabilities
Accounts Payable, Total	186K	493K	785K	427K	3.02M
Accrued Expenses, Total	84.48K	116K	161K	187K	2.05M
Current Portion of Leases	-	78.6K	20.39K	4.2K	642
Current Income Taxes Payable	-	-	-	-	16K
Other Current Liabilities	-	946	789	6.04M	-
Total Current Liabilities	270K	689K	968K	6.66M	5.06M
Long-Term Debt	6M	5.21M	5.99M	-	-
Long-Term Leases	-	20.31K	-	667	-
Other Non Current Liabilities	2.89M	2.89M	2.89M	8.72M	9.06M
Total Liabilities	9.16M	8.81M	9.85M	15.38M	14.13M
Common Stock, Total	37.27M	37.27M	40.74M	56.85M	128M
Additional Paid In Capital	508K	2.01M	2.01M	2.01M	2.01M
Retained Earnings	-29.78M	-34.28M	-35.69M	-38.6M	-42.39M
Comprehensive Income and Other	816K	2.06M	1.28M	456K	2.08M
Total Common Equity	8.82M	7.06M	8.33M	20.71M	90.09M
Total Equity	8.82M	7.06M	8.33M	20.71M	90.09M
Total Liabilities And Equity	17.98M	15.86M	18.18M	36.09M	104M
Supplemental Items
ECS Total Shares Outstanding on Filing Date	86.77M	134M	269M	286M	535M
ECS Total Common Shares Outstanding	86.77M	86.77M	150M	286M	535M
Book Value / Share	0.1	0.08	0.06	0.07	0.17
Tangible Book Value	8.82M	7.05M	8.33M	20.71M	90.09M
Tangible Book Value Per Share	0.1	0.08	0.06	0.07	0.17
Total Debt	6M	5.31M	6.01M	4.87K	0
Net Debt	2.67M	3.46M	4.66M	-8.49M	-28.46M
Debt Equivalent Oper. Leases	-	-322K	-195K	-28.8K	-
Account Code - Inventory Valuation	3	3	3	3	3
Land - (BS)	1.61M	1.72M	1.84M	1.81M	1.8M
Machinery, Total	378K	389K	399K	366K	1.82M

Fiscal Period: January	2019	2020	2021	2022	2023
Net Income	326K	-4.56M	-1.6M	-2.91M	-2.96M
Depreciation & Amortization - CF	3.78K	87.02K	82.21K	20.9K	-
Amortization of Goodwill and Intangible Assets - (CF)	-	-	-	-	-
Impairment of Oil, Gas & Mineral Properties - (CF)	-	880K	-	-	-
Depreciation & Amortization, Total	3.78K	967K	82.21K	20.9K	-
Amortization of Deferred Charges, Total - (CF)	3.76K	591K	14.54K	8.5K	443
(Gain) Loss From Sale Of Asset	28.87K	-	-	3.07K	1K
(Gain) Loss on Sale of Investments - (CF)	-2.89M	-194K	-392K	-445K	128K
Asset Writedown & Restructuring Costs	-	1.5M	-	-	-
Stock-Based Compensation (CF)	167K	-	304K	80.55K	224K
Other Operating Activities, Total	483K	242K	292K	363K	-448K
Change In Accounts Receivable	144K	-11.31K	-116	-83.59K	-498K
Change In Accounts Payable	-215K	23.09K	11.24K	16.01K	796K
Change in Other Net Operating Assets	564	81.79K	21.47K	-137K	-223K
Cash from Operations	-1.94M	-1.36M	-1.26M	-3.09M	-2.98M
Capital Expenditure	-5M	-1.38M	-1.65M	-3.99M	-30.69M
Sale of Property, Plant, and Equipment	500	-	-	-	-
Sale (Purchase) of Intangible assets	-	-	-	-	-
Investment in Marketable and Equity Securities, Total	2.3M	880K	-	3.06K	-
Other Investing Activities, Total	-38.49K	-	-	-5.47K	-32.89K
Cash from Investing	-2.74M	-505K	-1.65M	-3.99M	-30.73M
Long-Term Debt Issued, Total	-	-	-	-	-
Total Debt Issued	-	-	-	-	-
Long-Term Debt Repaid, Total	-	-85.54K	-88.34K	-27.76K	-723
Total Debt Repaid	-	-85.54K	-88.34K	-27.76K	-789
Issuance of Common Stock	90.97K	1.18M	2.5M	15.38M	65.56M
Other Financing Activities, Total	-193K	-72.21K	-443K	-1.39M	-34.21K
Cash from Financing	-102K	1.02M	1.97M	13.96M	-35K
Foreign Exchange Rate Adjustments	-	-9.17K	-11.15K	-319K	1.34M
Net Change in Cash	-4.79M	-857K	-952K	6.57M	-32.4M
Supplemental Items
Cash Income Tax Paid (Refund)	-	-	-	-	-171K
Levered Free Cash Flow	-6.73M	-879K	-2.96M	598K	-17.21M
Unlevered Free Cash Flow	-6.42M	-962K	-2.78M	607K	-17.21M
Change In Net Working Capital	352K	-963K	490K	-6.27M	4.85M
Net Debt Issued / Repaid	-	-85.54K	-88.34K	-27.76K	-789

Fiscal Period: January	2019	2020	2021	2022	2023
Profitability
Return on Assets	-7.13	-8.94	-6.07	-6.58	-2.97
Return on Total Capital	-8.81	-11.12	-7.74	-10.19	-3.69
Return On Equity %	3.82	-57.43	-20.77	-20.05	-2.19
Return on Common Equity	3.82	-57.43	-20.77	-20.05	-2.19
Short Term Liquidity
Current Ratio	14.93	2.8	2.34	1.33	5.98
Quick Ratio	12.39	2.72	1.43	1.29	5.84
Operating Cash Flow to Current Liabilities	-7.2	-1.97	-1.31	-0.46	-0.59
Long Term Solvency
Total Debt/Equity	68.05	75.24	72.18	0.02	0
Total Debt / Total Capital	40.49	42.94	41.92	0.02	0
LT Debt/Equity	68.05	74.13	71.94	0	-
Long-Term Debt / Total Capital	40.49	42.3	41.78	0	-
Total Liabilities / Total Assets	50.94	55.51	54.17	42.61	13.56
EBIT / Interest Expense	-4.12	-3	-5.48	-145.4	-
EBITDA / Interest Expense	-4.11	-1.8	-5.21	-144.34	-
(EBITDA - Capex) / Interest Expense	-14.46	-3.52	-10.67	-347.12	-
Total Debt / EBITDA	-3.02	-3.66	-3.83	-0	-0
Net Debt / EBITDA	-1.34	-2.38	-2.96	2.99	17.73
Total Debt / (EBITDA - Capex)	-0.86	-1.87	-1.87	-0	-0
Net Debt / (EBITDA - Capex)	-0.38	-1.22	-1.45	1.24	4.28
Growth Over Prior Year
EBITDA, 1 Yr. Growth %	-2.39	-22.76	7.53	73.17	14.87
EBITA, 1 Yr. Growth %	-2.35	21.53	-31.61	72.78	14.86
EBIT, 1 Yr. Growth %	-2.35	21.53	-31.61	72.78	14.86
Earnings From Cont. Operations, 1 Yr. Growth %	-114.6	-1.5K	-64.94	82.13	-58.15
Net Income, 1 Yr. Growth %	-114.6	-1.5K	-64.94	82.13	-58.15
Normalized Net Income, 1 Yr. Growth %	13.01	28.51	-38.83	68.5	-32.23
Diluted EPS Before Extra, 1 Yr. Growth %	-111.57	-1.47K	-77.52	-7.9	-75.46
Net Property, Plant and Equip., 1 Yr. Growth %	71.03	12.21	14.33	71.4	57.09
Total Assets, 1 Yr. Growth %	6.11	-11.76	14.6	98.51	182.94
Tangible Book Value, 1 Yr. Growth %	7.24	-20.06	18.16	148.72	336.46
Common Equity, 1 Yr. Growth %	7.1	-19.99	18.07	148.57	336.78
Cash From Operations, 1 Yr. Growth %	6.66	-30.03	-7.02	144.02	16.89
Capital Expenditures, 1 Yr. Growth %	173	-72.33	18.93	142.1	158.53
Levered Free Cash Flow, 1 Yr. Growth %	124.02	-86.93	236.64	-120.22	-2.98K
Unlevered Free Cash Flow, 1 Yr. Growth %	121.68	-85.02	188.84	-121.82	-2.94K
Compound Annual Growth Rate Over Two Years
EBITDA, 2 Yr. CAGR %	41.8	-13.17	-8.86	36.46	41.04
EBITA, 2 Yr. CAGR %	41.72	8.94	-8.83	8.7	40.88
EBIT, 2 Yr. CAGR %	41.71	8.94	-8.83	8.7	40.88
Earnings From Cont. Operations, 2 Yr. CAGR %	-47.23	42.89	121.44	-20.09	-12.7
Net Income, 2 Yr. CAGR %	-47.23	42.89	121.44	-20.09	-12.7
Normalized Net Income, 2 Yr. CAGR %	46.94	20.51	-11.34	1.52	6.86
Diluted EPS Before Extra, 2 Yr. CAGR %	-63.72	25.78	75.36	-54.5	-52.45
Net Property, Plant and Equip., 2 Yr. CAGR %	52.16	38.53	13.26	39.98	64.09
Total Assets, 2 Yr. CAGR %	41.84	-3.24	0.56	50.83	136.99
Tangible Book Value, 2 Yr. CAGR %	8.11	-7.41	-2.81	71.43	229.48
Common Equity, 2 Yr. CAGR %	8.13	-7.43	-2.8	71.32	229.5
Cash From Operations, 2 Yr. CAGR %	37.81	-13.62	-19.35	50.63	68.89
Capital Expenditures, 2 Yr. CAGR %	55.13	-13.08	-42.63	69.69	150.18
Levered Free Cash Flow, 2 Yr. CAGR %	27.17	-45.9	-33.68	-17.5	141.17
Unlevered Free Cash Flow, 2 Yr. CAGR %	25.45	-42.37	-34.22	-20.61	148.81
Compound Annual Growth Rate Over Three Years
EBITDA, 3 Yr. CAGR %	45.09	15.81	-6.76	12.88	28.85
EBITA, 3 Yr. CAGR %	22.67	34.64	-6.72	12.82	10.72
EBIT, 3 Yr. CAGR %	22.65	34.64	-6.72	12.82	10.72
Earnings From Cont. Operations, 3 Yr. CAGR %	-33.28	57.34	-10.55	107.47	-35.59
Net Income, 3 Yr. CAGR %	-33.28	57.34