Agnico Eagle Mines Ltd (AEM) is a Canadian mining company that specializes in the production of gold and other precious metals. The company's financials paint a picture of a strong and stable business. Looking at the income statement, AEM has consistently reported positive earnings over the years. In the most recent fiscal year, the company recorded a net income from stockholders of $290 million. This reflects the company's ability to generate profit for its shareholders. AEM's total revenue for the year stood at $3.53 billion, indicating a healthy top line performance.
Moving on to the balance sheet, AEM exhibits a strong financial position. The company's total assets amount to over $7.5 billion, showcasing its substantial resource base. On the liability side, AEM has managed its debts effectively, with a total debt of $1.63 billion. This puts the company in a comfortable position to meet its financial obligations. Furthermore, AEM's stockholders' equity stands at $5.58 billion, indicating a solid foundation of ownership in the company.
In terms of cash flow, AEM has demonstrated its ability to generate and manage cash. The company's cash equivalents, which include short-term investments, amount to $800 million, providing liquidity for operational needs. Additionally, AEM's operating cash flow for the year was $1.08 billion, reflecting a strong operational performance. The company's investing cash flow, which represents capital expenditures and acquisitions, was $860 million, indicating a focus on growth and expansion. Finally, AEM's financing cash flow, which includes debt repayments and dividends, was $280 million, highlighting responsible financial management.
Looking at profitability measures, AEM's gross profit for the year stood at $1.34 billion, demonstrating the company's ability to generate revenue after deducting direct costs. Furthermore, AEM's EBIT (earnings before interest and taxes) was $600 million, indicating the company's profitability before considering interest and tax expenses. Finally, the company's EBITDA (earnings before interest, taxes, depreciation, and amortization) was $1.2 billion, highlighting its ability to generate cash flow from operations.
In summary, Agnico Eagle Mines Ltd (AEM) is a financially sound company with a strong balance sheet, positive cash flow, and consistent profitability. Its total revenue and net income from stockholders demonstrate a healthy top and bottom line performance. Furthermore, AEM's financials reflect responsible financial management, with a focus on growth and generating value for its shareholders.