Value20202021202220232024TTMSelling/general/admin expenses28.8 M19.6 M22.5 M24.5 M26.6 M—Research & development——————Operating income336.5 M860.7 M820.7 M428 M726.6 M—Non-Operating Income, Total——————Interest expense, net of interest capitalized——————Non-Operating Income, excl. Interest Expenses——————Unusual income/expense——————Pretax income339.5 M857.8 M833.7 M364.2 M763.9 M—Equity in earnings——————Taxes13.3 M124.1 M133.1 M102.2 M211.8 M—Non-controlling/minority interest——————After tax other income/expense——————Net income before discontinued operations326.2 M733.7 M700.6 M466.4 M552.1 M—Discontinued operations——————Net income326.2 M733.7 M700.6 M466.4 M552.1 M—Dilution adjustment——————Preferred dividends——————Diluted net income available to common stockholders——————Basic earnings per share (Basic EPS)——————Diluted earnings per share (Diluted EPS)——————Average basic shares outstanding——————Diluted shares outstanding——————EBITDA——————EBIT——————Cost of revenue399.8 M477.9 M463.1 M452.4 M354.3 M—Other cost of goods sold——————Depreciation & amortization (cash flow)241 M299.6 M286.2 M273.1 M225.3 M—
Franco-Nevada Corporation
Franco-Nevada Corporation is a Toronto, Ontario, Canada-based, gold-focused royalty and streaming company with a diversified portfolio of cash-flow producing assets. It is traded on the Toronto Stock Exchange and New York Stock Exchange.
The Old Franco-Nevada was a publicly listed company on the Toronto Stock Exchange from 1983 to 2002. In 1986, Old Franco-Nevada made its first royalty acquisition, and acquired or created additional royalties and resource investments from 1986 to 2002. Following several royalty acquisitions in the 1980s and 1990s, Old Franco-Nevada sold its only mining property to Normandy Mining in exchange for 19.9% of the company's shares.
In 2002, Newmont acquired 100% of Franco-Nevada as part of a three-way combination of Newmont, Normandy and Old Franco-Nevada. Newmont maintained Franco-Nevada as a royalty holding division, transferring numerous other royalties to it over the five-year period following the acquisition, building its portfolio of royalties to include investments in almost 300 royalties at the time.
In 2007 Newmont spun off Franco-Nevada in an initial public offering.