Income statement, balance sheet and cash flow statement for the last 3 fiscal years, taken from the XBRL data HARMONY GOLD MINING CO LTD files with the SEC in its annual reports.
In USD millions, except per-share amounts. Outflows in the cash flow statement are negative.
Income statement
FY2016
FY2018
FY2018
Revenue
1,264
1,416
1,584
Cost of revenue
1,088
1,448
1,800
Gross profit
176
-32
-216
General and administrative
28
38
63
Operating income
111
-81
-335
Interest expense
19
17
26
Interest income
17
20
27
Pre-tax income
109
-20
-339
Income tax
43
-37
-18
Net income
66
17
-321
EBITDA
260
104
-135
EPS, basic
0.15
0.04
-0.72
EPS, diluted
0.15
0.04
-0.72
Balance sheet
FY2016
FY2018
FY2018
Cash and equivalents
85
95
51
Receivables
76
83
Inventory
86
127
Total current assets
375
303
Property, plant and equipment
2,292
2,245
Goodwill
45
36
Intangible assets
1
1
Total assets
2,515
2,966
2,862
Accounts payable
153
198
Total current liabilities
293
263
Total liabilities
732
1,027
Total debt
163
407
Retained earnings
-547
-878
Shareholders' equity
1,914
2,234
1,835
Total equity
1,914
2,234
1,835
Total liabilities and equity
2,966
2,862
Cash flow statement
FY2016
FY2018
FY2018
Net income
66
17
-321
Depreciation and amortization
149
185
200
Cash from operations
312
280
303
Capital expenditures
-168
-286
-355
Cash from investing
-180
-249
-658
Debt issued
24
54
565
Debt repaid
-138
-50
-312
Dividends paid
0
-33
-12
Cash from financing
-114
-29
320
Exchange rate effect
-21
8
-9
Net change in cash
-3
10
-44
Free cash flow
144
-6
-52
Interest paid
11
6
14
Income taxes paid
4
40
23
Key metrics
Worked out from the statements above. Latest values use fiscal 2018. Valuation uses the share price of $17.74 on September 28, 2026.
Profitability
Metric
Value
How it is calculated
Gross margin
-13.6%
Gross profit / revenue.
Operating margin
-21.1%
Operating income / revenue.
EBITDA margin
-8.5%
EBITDA (operating income + depreciation and amortization) / revenue.
Pre-tax margin
-21.4%
Pre-tax income / revenue.
Net margin
-20.3%
Net income / revenue.
FCF margin
-3.3%
Free cash flow (cash from operations - capital expenditures) / revenue.
Operating cash flow margin
19.1%
Cash from operations / revenue.
Return on equity (ROE)
-15.8%
Net income / average shareholders' equity (opening and closing). Not shown when equity is negative.
Return on assets (ROA)
-11.0%
Net income / average total assets.
Return on invested capital (ROIC)
-11.8%
Approximation: operating income x (1 - tax rate) / average (total debt + equity - cash). Tax rate is the effective rate when between 0% and 50%, else 21%.
Capex / revenue
22.4%
Capital expenditures / revenue.
D&A / revenue
12.6%
Depreciation and amortization / revenue.
Growth
Metric
Value
How it is calculated
Revenue growth, 1y
11.9%
Revenue vs the same period a year earlier. Only from a positive base.
EBITDA growth, 1y
-229.4%
EBITDA vs the same period a year earlier. Only from a positive base.
Net income growth, 1y
-1,988.0%
Net income vs the same period a year earlier. Only from a positive base.
EPS growth, 1y
-1,900.0%
EPS vs the same period a year earlier. Only from a positive base.
Operating cash flow growth, 1y
8.2%
Operating cash flow vs the same period a year earlier. Only from a positive base.
Book value growth, 1y
-17.9%
Book value vs the same period a year earlier. Only from a positive base.
Total assets growth, 1y
-3.5%
Total assets vs the same period a year earlier. Only from a positive base.
Balance sheet health
Metric
Value
How it is calculated
Current ratio
1.15x
Current assets / current liabilities.
Quick ratio
0.51x
(Cash + short-term investments + receivables) / current liabilities.
Cash ratio
0.19x
(Cash + short-term investments) / current liabilities.
Debt / equity
0.22x
Total debt / shareholders' equity. Not shown when equity is negative.
Debt / assets
14.2%
Total debt / total assets.
Liabilities / assets
35.9%
Total liabilities / total assets.
Net debt
$356.0M
Total debt - cash - short-term investments. Negative means more cash than debt.
Days inventory + days sales outstanding - days payables.
Capex / operating cash flow
117.2%
Capital expenditures / cash from operations, when that is positive.
Per share
Metric
Value
How it is calculated
EPS, diluted
-$0.72
Net income per diluted share, as reported (split-adjusted). Over the last twelve months: the four quarters summed, or net income / latest diluted shares when a quarter has no reported EPS.
EPS, basic
-$0.72
Net income per basic share, as reported (split-adjusted).
Valuation
Metric
Value
How it is calculated
Market cap
$11.26B
Share price x shares outstanding.
Enterprise value
$11.62B
Market cap + total debt - cash - short-term investments.
P/S
7.11x
Market cap / revenue.
P/B
6.14x
Market cap / shareholders' equity. Only when equity is positive.
Price / tangible book
6.26x
Market cap / tangible book value, when positive.
P/OCF
37.2x
Market cap / cash from operations, when positive.
EV/Sales
7.33x
Enterprise value / revenue.
FCF yield
-0.5%
Free cash flow / market cap.
Earnings yield
-2.9%
Net income / market cap (the inverse of P/E).
Dividend yield
0.1%
Dividends paid over the period / market cap.
Shareholder yield
0.1%
(Dividends paid + share buybacks) / market cap.
What was HARMONY GOLD MINING CO LTD's revenue in fiscal 2018?
HARMONY GOLD MINING CO LTD reported revenue of $1.58B for fiscal 2018, 11.9% higher than the year before.
Was HARMONY GOLD MINING CO LTD profitable in fiscal 2018?
No. It reported a net loss of $321.0M.
How much free cash flow did HARMONY GOLD MINING CO LTD generate in fiscal 2018?
Cash from operations of $303.0M minus capital expenditures of $355.0M left free cash flow of -$52.0M.
Source: SEC EDGAR XBRL company facts. Where a company tags only year-to-date figures, quarters are worked out as differences. Where a line is not tagged it is left empty, never estimated.