Last A$2.54 AUD
Change Today -0.01 / -0.39%
Volume 9.0M
FMG On Other Exchanges
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As of 10:10 PM 12/23/14 All times are local (Market data is delayed by at least 15 minutes).

Financial Statements for fortescue metals group ltd (FMG)

Although debt as a percent of total capital decreased at Fortescue Metals Group Limited over the last fiscal year to 55.76%, it is still in-line with the Metals and Mining industry's norm. Additionally, even though there are not enough liquid assets to satisfy current obligations, Operating Profits are more than adequate to service the debt. Accounts Receivable are among the industry's worst with 10.89 days worth of sales outstanding. This implies that revenues are not being collected in an efficient manner. Last, inventory levels, relative to its Cost of Goods Sold, are typical for the industry and have shown a consistent decrease during the last 4 years. This implies that management is becoming more efficient.
Currency in
Millions of US Dollars
As of:Jun 30
2011
Restated
Jun 30
2012
Reclassified
Jun 30
2013
Reclassified
Jun 30
2014
4 Year
Trend
Assets    
Cash and Equivalents2,671.02,353.02,158.02,398.0
TOTAL CASH AND SHORT TERM INVESTMENTS2,671.02,353.02,158.02,398.0
Accounts Receivable195.0262.0171.0530.0
Other Receivables69.0140.080.054.0
TOTAL RECEIVABLES264.0402.0251.0584.0
Inventory417.0617.0961.01,467.0
Prepaid Expenses6.090.018.027.0
Other Current Assets138.0188.0184.01.0
TOTAL CURRENT ASSETS3,496.03,650.03,572.04,477.0
Gross Property Plant and Equipment5,320.012,016.018,321.020,221.0
Accumulated Depreciation-227.0-659.0-1,162.0-2,153.0
NET PROPERTY PLANT AND EQUIPMENT5,093.011,357.017,159.018,068.0
Loans Receivable, Long Term3.0------
Other Intangibles21.019.040.067.0
Other Long-Term Assets14.037.096.082.0
TOTAL ASSETS8,627.015,063.020,867.022,694.0
    
LIABILITIES & EQUITY    
Accounts Payable238.0616.0372.0397.0
Accrued Expenses--100.0121.0166.0
Current Portion of Long-Term Debt/Capital Lease214.0283.0205.0154.0
Current Portion of Capital Lease Obligations17.027.029.02.0
Current Income Taxes Payable91.0551.0--666.0
Other Current Liabilities, Total575.0566.0678.0951.0
Unearned Revenue, Current----38.0936.0
TOTAL CURRENT LIABILITIES1,118.02,116.01,414.03,270.0
Long-Term Debt4,466.07,964.011,873.09,088.0
Capital Leases192.0254.0613.0315.0
Minority Interest----4.014.0
Unearned Revenue, Non-Current--5.0331.0556.0
Pension & Other Post-Retirement Benefits--2.06.04.0
Deferred Tax Liability Non-Current100.0221.0805.01,154.0
Other Non-Current Liabilities317.0739.0536.0724.0
TOTAL LIABILITIES6,193.011,301.015,578.015,111.0
Common Stock1,295.01,293.01,291.01,289.0
Retained Earnings1,126.02,428.04,043.06,211.0
Comprehensive Income and Other13.041.0-49.069.0
TOTAL COMMON EQUITY2,434.03,762.05,285.07,569.0
TOTAL EQUITY2,434.03,762.05,289.07,583.0
TOTAL LIABILITIES AND EQUITY8,627.015,063.020,867.022,694.0
 

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Industry Analysis

FMG

Industry Average

Valuation FMG Industry Range
Price/Earnings 2.4x
Price/Sales 0.5x
Price/Book 0.8x
Price/Cash Flow 2.3x
TEV/Sales NM Not Meaningful
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