What does free cash flow mean?

Free cash flow represents the cash generated by a company after accounting for cash outflows to support operations and maintain or expand its capital asset base. It serves as a critical indicator of a company's ability to fund organic growth, pay down debt, or return capital to shareholders without relying on external financing.

McEwen Mining MUX Free cash flow

Discontinued — last reported Q1 '19

Free cash flow at other companies

NewmontNEM

$3.14B+161%

i-80 GoldIAUX

-$56.94M-147%

SSR MiningSSRM

$175.66M+368%

Freeport-McMoRan Inc.FCX

$522M+558%

Southern CopperSCCO

$1.25B+210%

Coeur MiningCDE

——

Other financials

Income statement

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Revenue$74.0M+107%

Gross profit$38.4M+139%

Operating income$41.2M+640%

Net income$33.4M+632%

EPS (diluted)$0.47+492%

Balance sheet

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Cash & equivalents$56.5M-17.5%

Total debt$126.4M+0.7%

Total equity$388.0M—

Total assets$972.6M+33.1%

Cash flow

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Operating cash flow$12.1M+726%

Valuation

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Market cap$1.02B+108%

Enterprise value$1.09B+99.4%

P/E13.7×—

P/S4.3×+1.4×

Profitability

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Gross margin38.2%+6.0pp

Operating margin21.8%+14.6pp

Net margin31.4%+23.1pp

FCF margin38.5%—

Returns & leverage

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Return on equity-13.4%—

Debt / equity0.1×—

Current ratio1.1×-1.2×

Where this comes from

Calculated from McEwen Mining’s reported figures.

−$10.8Mnet cash from operating−$16.5Mcapital expenditures=-$27.33M

The official record: McEwen Mining’s 10-Q, filed May 18, 2020, on SEC EDGAR. View the filing →

Questions, answered.

What does free cash flow mean?: Free cash flow represents the cash generated by a company after accounting for cash outflows to support operations and maintain or expand its capital asset base. It serves as a critical indicator of a company's ability to fund organic growth, pay down debt, or return capital to shareholders without relying on external financing.