Teck Resources Ltd (TECK) Financials

The income statement for Teck Resources Ltd (TECK) shows the financial performance of the company over a specific period of time. It provides a summary of the revenues, expenses, and net income generated by the company. The income statement is divided into various sections, including gross profit, operating expenses, and net income from stockholders. Gross profit represents the total revenue generated by the company minus the cost of goods sold. Operating expenses include selling, general, and administrative expenses, as well as research and development costs. Net income from stockholders is the final figure after subtracting taxes and interest expenses from the operating income.

EBIT (earnings before interest and taxes) is a measure of a company's profitability. It is calculated by subtracting the operating expenses and non-operating expenses from the total revenue. EBIT provides a clear view of the company's operating performance, excluding the impact of interest and taxes. EBITDA (earnings before interest, taxes, depreciation, and amortization) is a similar metric that further eliminates the impact of depreciation and amortization expenses. Both EBIT and EBITDA are commonly used by investors and analysts to assess the profitability and financial health of a company.

The balance sheet for Teck Resources Ltd (TECK) provides a snapshot of the company's financial position at a specific point in time. It includes information about the company's assets, liabilities, and stockholders' equity. Total assets represent the value of the company's resources, including cash, investments, property, and equipment. Total liabilities include the company's debts, such as loans and accounts payable. Stockholders' equity reflects the ownership interest of the company's shareholders, calculated as the difference between total assets and total liabilities.

Cash equivalents are highly liquid assets that can be easily converted into cash. They typically include short-term investments, such as Treasury bills and money market funds. Cash equivalents are an important component of a company's balance sheet, as they provide liquidity and can be used to meet short-term financial obligations. Net debt is calculated by subtracting the company's cash and cash equivalents from its total debt. It represents the company's overall debt position, taking into account its available cash resources.

The cash flow statement for Teck Resources Ltd (TECK) shows the sources and uses of cash during a specific period of time. It includes information about the company's operating, investing, and financing activities. Operating cash flow represents the cash generated from the company's core operations, such as sales and collections from customers. Investing cash flow includes cash flows related to the purchase and sale of long-term assets, such as property and equipment. Financing cash flow includes cash flows related to borrowing and repaying debt, as well as issuing and repurchasing stock.

Free cash flow is calculated by subtracting the company's capital expenditures from its operating cash flow. It represents the amount of cash that is available to the company for discretionary purposes, such as paying dividends, repurchasing stock, or investing in new projects. Free cash flow is often used by investors to assess a company's ability to generate cash and its financial flexibility. It can also be used to evaluate the sustainability of a company's dividend payments.

In summary, Teck Resources Ltd (TECK) provides a comprehensive set of financial statements that allow investors and analysts to evaluate the company's financial performance and position. The income statement provides information about the company's revenues, expenses, and net income. EBIT and EBITDA are measures of profitability that exclude certain expenses. The balance sheet shows the company's assets, liabilities, and stockholders' equity. Cash equivalents and net debt provide insights into the company's liquidity and debt position. Finally, the cash flow statement reveals the sources and uses of cash, and free cash flow represents the cash available for discretionary purposes.