Denison Mines Financials
Denison Mines (DNN) reported $11.1M in revenue for fiscal year 2017, down 19.9% from the prior fiscal year. This page shows its income statement, balance sheet, cash flow statement, and key financial ratios. View 2 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).
Denison’s reported losses mask a capital-funded, low-capex balance sheet where investment spending, not operations, drove cash use in FY2017.
FY2017 flipped cash generation from operating cash flow of-$8.1M to$12.4M even as net loss stayed near-128.0% of revenue, so the year’s liquidity story is less about profitability than about non-cash charges and low reinvestment needs; with capex only$836K , free cash flow stayed positive at$11.5M . Cash still fell to$2.9M because investing outlays of-$35.5M overwhelmed internally generated cash.
The balance sheet became larger and somewhat more leveraged: assets rose to
A less obvious structural point is that positive equity does not come from retained profits: retained earnings were
Financial Health Signals
Denison Mines does not currently provide enough eligible data for a peer-relative financial health score, so none is published. The signals and metrics below are current.
Denison Mines passes 4 of 6 computable financial strength tests (3 of the nine could not be computed from available data). 3 of 4 profitability signals pass, all 1 leverage/liquidity signals pass, neither operating efficiency signal passes.
Denison Mines reported a net loss of $14.2M while generating $12.4M 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
Denison Mines generated $11.1M in revenue in fiscal year 2017. This represents a decrease of 19.9% from the prior year.
Denison Mines reported -$14.2M in net income in fiscal year 2017. This represents an increase of 18.3% from the prior year.
Not reported for fiscal year 2017.
Not reported for fiscal year 2017.
Cash & Balance Sheet
Denison Mines generated $11.5M in free cash flow in fiscal year 2017, representing cash available after capex. This represents an increase of 222.9% from the prior year.
Denison Mines held $2.9M in cash as of fiscal year 2017; long-term debt is not reported for that period.
Not reported for fiscal year 2017.
Margins & Returns
Denison Mines's ROE was -7.7% in fiscal year 2017, measuring profit generated per dollar of shareholder equity. This is up 2.3 percentage points from the prior year.
Not reported for fiscal year 2017.
Not reported for fiscal year 2017.
Not shown for fiscal year 2017: the reported ratio is below -100.0% of revenue, so it does not read as a share of revenue.
Capital Allocation
Denison Mines invested $836K in capex in fiscal year 2017, funding long-term assets and infrastructure. This represents a decrease of 34.0% from the prior year.
Not reported for fiscal year 2017.
Not reported for fiscal year 2017.
DNN Income Statement
Figures in USD, abbreviated K (thousand), M (million), B (billion), T (trillion). Negative values carry a minus sign and red type.
| Metric | FY17 | FY16 |
|---|---|---|
| Revenue | $11.1M-19.9% | $13.8M |
| Income Tax | -$3.6M+8.0% | -$4.0M |
| Net Income | -$14.2M+18.3% | -$17.3M |
Not reported in any period shown, so not listed: Cost of Revenue, Gross Profit, R&D Expenses, SG&A Expenses, Operating Income, Interest Expense, EPS (Diluted).
DNN Balance Sheet
Figures in USD, abbreviated K (thousand), M (million), B (billion), T (trillion). Negative values carry a minus sign and red type.
| Metric | FY17 | FY16 |
|---|---|---|
| Total Assets | $260.1M+19.6% | $217.4M |
| Current Assets | $40.1M+134.5% | $17.1M |
| Cash & Equivalents | $2.9M-75.5% | $11.8M |
| Inventory | $2.8M+15.6% | $2.4M |
| Total Liabilities | $76.1M+70.2% | $44.7M |
| Current Liabilities | $11.0M+51.4% | $7.3M |
| Total Equity | $184.0M+6.5% | $172.7M |
| Retained Earnings | -$975.6M-1.5% | -$961.4M |
Not reported in any period shown, so not listed: Accounts Receivable, Goodwill, Long-Term Debt.
DNN 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 | FY17 | FY16 |
|---|---|---|
| Operating Cash Flow | $12.4M+252.3% | -$8.1M |
| Capital Expenditures | $836K-34.0% | $1.3M |
| Free Cash Flow | $11.5M+222.9% | -$9.4M |
| Investing Cash Flow | -$35.5M-713.5% | $5.8M |
| Financing Cash Flow | $13.7M+56.1% | $8.8M |
Not reported in any period shown, so not listed: Dividends Paid, Share Buybacks.
DNN Financial Ratios
Margins and returns are percentages; the remaining ratios are unitless multiples.
| Metric | FY17 | FY16 |
|---|---|---|
| Net Margin | -127.8% | -125.4% |
| Return on Equity | -7.7%+2.3pp | -10.0% |
| Return on Assets | -5.5%+2.5pp | -8.0% |
| Current Ratio | 3.65+1.3x | 2.36 |
| Debt-to-Equity | 0.41+0.2x | 0.26 |
| FCF Margin | 104.1% | -67.9% |
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: Net Margin, FCF Margin.
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Where Denison Mines Ranks
Frequently Asked Questions
What is Denison Mines's annual revenue?
Denison Mines (DNN) reported $11.1M in total revenue for fiscal year 2017. This represents a -19.9% 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 Denison Mines's revenue growing?
Denison Mines (DNN) revenue declined by 19.9% year-over-year, from $13.8M to $11.1M in fiscal year 2017.
Is Denison Mines profitable?
No, Denison Mines (DNN) reported a net income of -$14.2M in fiscal year 2017.
What is Denison Mines's return on equity (ROE)?
Denison Mines (DNN) has a return on equity of -7.7% for fiscal year 2017, measuring how efficiently the company generates profit from shareholder equity.
What is Denison Mines's free cash flow?
Denison Mines (DNN) generated $11.5M in free cash flow during fiscal year 2017. This represents a 222.9% 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 Denison Mines's operating cash flow?
Denison Mines (DNN) generated $12.4M in operating cash flow during fiscal year 2017, representing cash generated from core business activities.
What are Denison Mines's total assets?
Denison Mines (DNN) had $260.1M in total assets as of fiscal year 2017, including both current and long-term assets.
What are Denison Mines's capital expenditures?
Denison Mines (DNN) invested $836K in capital expenditures during fiscal year 2017, funding long-term assets and infrastructure.
What is Denison Mines's current ratio?
Denison Mines (DNN) had a current ratio of 3.65 as of fiscal year 2017, which is generally considered healthy.
What is Denison Mines's debt-to-equity ratio?
Denison Mines (DNN) had a debt-to-equity ratio of 0.41 as of fiscal year 2017, measuring the company's financial leverage by comparing total debt to shareholder equity.
What is Denison Mines's return on assets (ROA)?
Denison Mines (DNN) had a return on assets of -5.5% for fiscal year 2017, measuring how efficiently the company uses its assets to generate profit.
What is Denison Mines's Piotroski F-Score?
Denison Mines (DNN) has a Piotroski F-Score of 4 out of 6 computable signals; 3 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 Denison Mines's earnings high quality?
Denison Mines (DNN) reported a net loss of $14.2M while generating $12.4M 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.