Centerra Gold Financials
Centerra Gold (CGAU) reported $1.1B in revenue for fiscal year 2023, up 28.8% from the prior fiscal year. This page shows its income statement, balance sheet, cash flow statement, and key financial ratios. View 4 years of annual fundamentals and quarterly data, with year-over-year growth rates and compound annual growth rates (CAGR). All figures are derived from SEC filings (10-K and 10-Q reports).
Centerra Gold’s latest filings show a cash-generative but earnings-noisy operator financed far more by liquidity than by debt.
In FY2023, net loss and cash generation split apart: the company lost$81.3M yet produced$245.6M of operating cash flow and$160.3M of free cash flow, helped by working-capital release as inventory fell about$59.5M and receivables about$21.4M versus FY2022. The practical reading is that FY2023’s accounting loss was not a pure cash drain.
Balance-sheet pressure is low relative to the earnings volatility: cash of
Higher sales did not restore accounting profit: revenue rebounded to
Financial Health Signals
We are recalculating Centerra Gold's peer-relative financial health score against the latest fiscal year. It will appear here once the refresh completes. The signals and metrics below are current.
Centerra Gold passes 4 of 8 computable financial strength tests (1 of the nine could not be computed from available data). 2 of 4 profitability signals pass, 1 of 3 leverage/liquidity signals pass, both operating efficiency signals pass.
Centerra Gold reported a net loss of $81.3M while generating $245.6M in operating cash flow. Operations generated cash despite the loss, but with no positive earnings behind it, the ratio between the two carries no quality signal.
Key Financial Metrics
Earnings & Revenue
Centerra Gold generated $1.1B in revenue in fiscal year 2023. This represents an increase of 28.8% from the prior year.
Centerra Gold reported -$81.3M in net income in fiscal year 2023. This represents a decrease of 5.3% from the prior year.
Centerra Gold earned -$0.38 per diluted share (EPS) in fiscal year 2023. This represents a decrease of 22.6% from the prior year.
Not reported for fiscal year 2023.
Cash & Balance Sheet
Centerra Gold generated $160.3M in free cash flow in fiscal year 2023, representing cash available after capex. This represents an increase of 293.3% from the prior year.
Centerra Gold held $612.9M in cash against $18.1M in long-term debt as of fiscal year 2023.
Not reported for fiscal year 2023.
Margins & Returns
Centerra Gold's net profit margin was -7.4% in fiscal year 2023, showing the share of revenue converted to profit. This is up 1.7 percentage points from the prior year.
Centerra Gold's ROE was -4.9% in fiscal year 2023, measuring profit generated per dollar of shareholder equity. This is down 0.6 percentage points from the prior year.
Not reported for fiscal year 2023.
Not reported for fiscal year 2023.
Capital Allocation
Centerra Gold invested $85.3M in capex in fiscal year 2023, funding long-term assets and infrastructure. This represents an increase of 5.4% from the prior year.
Not reported for fiscal year 2023.
Not reported for fiscal year 2023.
CGAU Income Statement
Figures in USD, abbreviated K (thousand), M (million), B (billion), T (trillion). Negative values carry a minus sign and red type.
| Metric | FY23 | FY22 | FY21 | FY20 |
|---|---|---|---|---|
| Revenue | $1.1B+28.8% | $850.2M-5.5% | $900.1M+24.8% | $721.3M |
| Interest Expense | $657K-3.2% | $679K-5.0% | $715K-22.4% | $921K |
| Income Tax | $94.9M+189.6% | $32.8M+174.5% | -$44.0M-671.0% | $7.7M |
| Net Income | -$81.3M-5.3% | -$77.2M+79.8% | -$381.8M-193.4% | $408.5M |
| EPS (Diluted) | -$0.38-22.6% | -$0.31-120.9% | $1.48+2860.0% | $0.05 |
Not reported in any period shown, so not listed: Cost of Revenue, Gross Profit, R&D Expenses, SG&A Expenses, Operating Income.
CGAU Balance Sheet
Figures in USD, abbreviated K (thousand), M (million), B (billion), T (trillion). Negative values carry a minus sign and red type.
| Metric | FY23 | FY22 | FY21 | FY20 |
|---|---|---|---|---|
| Total Assets | $2.3B-2.4% | $2.3B-12.7% | $2.7B-14.7% | $3.1B |
| Current Assets | $966.0M-2.5% | $990.7M-22.1% | $1.3B-7.4% | $1.4B |
| Cash & Equivalents | $612.9M+15.2% | $531.9M-43.8% | $947.2M+73.7% | $545.2M |
| Inventory | $257.3M-18.8% | $316.8M+43.2% | $221.2M-61.9% | $580.6M |
| Accounts Receivable | $70.8M-23.2% | $92.2M+19.9% | $76.8M+16.2% | $66.1M |
| Total Liabilities | $606.5M+15.4% | $525.6M-17.0% | $633.0M-5.5% | $670.0M |
| Current Liabilities | $297.4M+8.2% | $274.9M+20.9% | $227.4M-11.8% | $257.8M |
| Long-Term Debt | $18.1M+107.4% | $8.7M-37.9% | $14.1M-2.0% | $14.3M |
| Total Equity | $1.7B-7.5% | $1.8B-11.4% | $2.0B-17.1% | $2.5B |
| Retained Earnings | $771.4M-14.1% | $897.6M-12.2% | $1.0B-29.5% | $1.4B |
Not reported in any period shown, so not listed: Goodwill.
CGAU Cash Flow Statement
Figures in USD, abbreviated K (thousand), M (million), B (billion), T (trillion). Negative values carry a minus sign and red type.
| Metric | FY23 | FY22 | FY21 | FY20 |
|---|---|---|---|---|
| Operating Cash Flow | $245.6M+12503.9% | -$2.0M-100.5% | $414.8M-55.4% | $930.0M |
| Capital Expenditures | $85.3M+5.4% | $80.9M-12.5% | $92.5M-10.7% | $103.6M |
| Free Cash Flow | $160.3M+293.3% | -$82.9M-125.7% | $322.3M-61.0% | $826.5M |
| Investing Cash Flow | -$90.3M+64.7% | -$255.6M-801.8% | $36.4M+112.0% | -$303.4M |
| Financing Cash Flow | -$74.3M+52.9% | -$157.7M-220.9% | -$49.1M+60.4% | -$124.0M |
| Dividends Paid | $44.9M-5.8% | $47.7M+5.8% | $45.0M+13.3% | $39.8M |
Not reported in any period shown, so not listed: Share Buybacks.
CGAU Financial Ratios
Margins and returns are percentages; the remaining ratios are unitless multiples.
| Metric | FY23 | FY22 | FY21 | FY20 |
|---|---|---|---|---|
| Net Margin | -7.4%+1.7pp | -9.1%+33.3pp | -42.4%-99.0pp | 56.6% |
| Return on Equity | -4.9%-0.6pp | -4.3%+14.4pp | -18.7%-35.3pp | 16.6% |
| Return on Assets | -3.6%-0.3pp | -3.3%+11.0pp | -14.3%-27.3pp | 13.0% |
| Current Ratio | 3.25-0.4x | 3.60-2.0x | 5.59+0.3x | 5.32 |
| Debt-to-Equity | 0.010.0x | 0.000.0x | 0.010.0x | 0.01 |
| FCF Margin | 14.6%+24.4pp | -9.8%-45.6pp | 35.8% | 114.6% |
Not reported in any period shown, so not listed: Gross Margin, Operating Margin.
Reported as filed but not readable as a share of revenue in the periods where the ratio runs further from zero than a revenue base allows; no change figure is given where either compared period is one of those: FCF Margin.
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Where Centerra Gold Ranks
Frequently Asked Questions
What is Centerra Gold's annual revenue?
Centerra Gold (CGAU) reported $1.1B in total revenue for fiscal year 2023. This represents a 28.8% change compared to the previous fiscal year. Revenue measures the total income earned from the company's primary business operations before any expenses are deducted.
How fast is Centerra Gold's revenue growing?
Centerra Gold (CGAU) revenue grew by 28.8% year-over-year, from $850.2M to $1.1B in fiscal year 2023.
Is Centerra Gold profitable?
No, Centerra Gold (CGAU) reported a net income of -$81.3M in fiscal year 2023, with a net profit margin of -7.4%.
How much debt does Centerra Gold have?
As of fiscal year 2023, Centerra Gold (CGAU) had $612.9M in cash and equivalents against $18.1M in long-term debt.
What is Centerra Gold's net profit margin?
Centerra Gold (CGAU) had a net profit margin of -7.4% in fiscal year 2023, representing the share of revenue converted into profit after all expenses.
What is Centerra Gold's return on equity (ROE)?
Centerra Gold (CGAU) has a return on equity of -4.9% for fiscal year 2023, measuring how efficiently the company generates profit from shareholder equity.
What is Centerra Gold's free cash flow?
Centerra Gold (CGAU) generated $160.3M in free cash flow during fiscal year 2023. This represents a 293.3% change compared to the previous fiscal year. Free cash flow represents the cash a company generates after accounting for capital expenditures, and is widely used to assess financial flexibility and shareholder value.
What is Centerra Gold's operating cash flow?
Centerra Gold (CGAU) generated $245.6M in operating cash flow during fiscal year 2023, representing cash generated from core business activities.
What are Centerra Gold's total assets?
Centerra Gold (CGAU) had $2.3B in total assets as of fiscal year 2023, including both current and long-term assets.
What are Centerra Gold's capital expenditures?
Centerra Gold (CGAU) invested $85.3M in capital expenditures during fiscal year 2023, funding long-term assets and infrastructure.
What is Centerra Gold's current ratio?
Centerra Gold (CGAU) had a current ratio of 3.25 as of fiscal year 2023, which is generally considered healthy.
What is Centerra Gold's debt-to-equity ratio?
Centerra Gold (CGAU) had a debt-to-equity ratio of 0.01 as of fiscal year 2023, measuring the company's financial leverage by comparing total debt to shareholder equity.
What is Centerra Gold's return on assets (ROA)?
Centerra Gold (CGAU) had a return on assets of -3.6% for fiscal year 2023, measuring how efficiently the company uses its assets to generate profit.
What is Centerra Gold's Piotroski F-Score?
Centerra Gold (CGAU) has a Piotroski F-Score of 4 out of 8 computable signals; 1 of the nine could not be computed from available data, so the full-scale strength rating is not shown. The F-Score evaluates nine binary signals across profitability (positive ROA, positive cash flow, improving ROA, earnings quality), leverage (decreasing debt, improving liquidity, no share dilution), and operating efficiency (improving gross margin, improving asset turnover). Scores of 7 to 9 indicate strong and improving fundamentals. Learn more in our complete guide to financial health indicators.
Are Centerra Gold's earnings high quality?
Centerra Gold (CGAU) reported a net loss of $81.3M while generating $245.6M in operating cash flow. Operations generated cash despite the loss, but with no positive earnings behind it, the ratio between the two carries no quality signal. This ratio compares operating cash flow to net income. A ratio above 1.0x means the company generates more cash than its reported earnings, indicating sustainable, cash-backed profits. Ratios below 1.0x suggest earnings rely on accounting accruals rather than actual cash generation. Learn more in our complete guide to financial health indicators.