Harmony Gold Mng Financials

HMY

Source SEC Filings (10-K/10-Q) Data as of Jun 30, 2018 Currency USD FYE June

This page shows Harmony Gold Mng (HMY) financial statements, including the income statement, balance sheet, cash flow statement, and key financial ratios. View 3 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).

Rhea AI HMY FY2018 2026-04-22

Stable operating cash flow is being absorbed by a more capital-hungry asset base, pushing this business from self-funding to financing dependence.

From FY2016 to FY2018, operating cash flow stayed near $300M while net income turned from profit to a -$321M loss, showing the income statement became far more volatile than the cash engine underneath it. What changed was capital intensity: capex more than doubled across the period, pushing free cash flow to -$52M in FY2018 and requiring $320M of financing inflow.

Depreciation and other non-cash charges matter here: depreciation reached $200M in FY2018 while operating cash flow was $303M, a clue that reported earnings can look much worse than the cash generated by the asset base. For a reader, that makes cash flow a better guide to operating resilience than net income alone.

The FY2018 balance sheet was not short-term strained in a simple current-liquidity sense, with a current ratio of 1.2x and liabilities equal to about 35.9% of assets. But cash fell to $51M, so the year’s reinvestment was funded more by operating cash flow and new financing than by a large cash buffer.

Financial Health Signals

Financial health score pending refresh

We are recalculating Harmony Gold Mng'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.

Piotroski F-Score Partial

3/7

Harmony Gold Mng passes 3 of 7 computable financial strength tests (2 of the nine could not be computed from available data). 2 of 4 profitability signals pass, no leverage/liquidity signals pass (rising debt, declining liquidity, or share dilution), both operating efficiency signals pass.

Earnings Quality Mixed

-0.94x

For every $1 of reported earnings, Harmony Gold Mng generates $-0.94 in operating cash flow ($303.0M OCF vs -$321.0M net income). This mixed ratio suggests some earnings may rely on non-cash accounting items.

Key Financial Metrics

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Earnings & Revenue

Revenue

$1.6B

YoY+11.9%

Harmony Gold Mng generated $1.6B in revenue in fiscal year 2018. This represents an increase of 11.9% from the prior year.

EBITDA

N/A

Net Income

-$321.0M

YoY-1988.2%

Harmony Gold Mng reported -$321.0M in net income in fiscal year 2018. This represents a decrease of 1988.2% from the prior year.

EPS (Diluted)

N/A

Cash & Balance Sheet

Free Cash Flow

-$52.0M

YoY-766.7%

Harmony Gold Mng generated -$52.0M in free cash flow in fiscal year 2018, representing cash available after capex. This represents a decrease of 766.7% from the prior year.

Cash & Debt

$51.0M

YoY-46.3%

Harmony Gold Mng held $51.0M in cash against $407.0M in long-term debt as of fiscal year 2018.

Dividends Per Share

N/A

Shares Outstanding

500M

Harmony Gold Mng had 500M shares outstanding in fiscal year 2018.

Margins & Returns

Gross Margin

N/A

Operating Margin

N/A

Net Margin

-20.3%

YoY-21.5pp

Harmony Gold Mng's net profit margin was -20.3% in fiscal year 2018, showing the share of revenue converted to profit. This is down 21.5 percentage points from the prior year.

Return on Equity

-17.5%

YoY-18.3pp

Harmony Gold Mng's ROE was -17.5% in fiscal year 2018, measuring profit generated per dollar of shareholder equity. This is down 18.3 percentage points from the prior year.

Capital Allocation

R&D Spending

N/A

Share Buybacks

N/A

Capital Expenditures

$355.0M

YoY+24.1%

Harmony Gold Mng invested $355.0M in capex in fiscal year 2018, funding long-term assets and infrastructure. This represents an increase of 24.1% from the prior year.

HMY Income Statement

Metric	FY18	FY17	FY16
Revenue	$1.6B+11.9%	$1.4B+12.0%	$1.3B
Cost of Revenue	N/A	N/A	N/A
Gross Profit	N/A	N/A	N/A
R&D Expenses	N/A	N/A	N/A
SG&A Expenses	N/A	N/A	N/A
Operating Income	N/A	N/A	N/A
Interest Expense	N/A	N/A	N/A
Income Tax	-$18.0M+51.4%	-$37.0M-186.0%	$43.0M
Net Income	-$321.0M-1988.2%	$17.0M-74.2%	$66.0M
EPS (Diluted)	N/A	N/A	N/A

Metric	Q4'18	Q4'17	Q4'16
Revenue	N/A	N/A	N/A
Cost of Revenue	N/A	N/A	N/A
Gross Profit	N/A	N/A	N/A
R&D Expenses	N/A	N/A	N/A
SG&A Expenses	N/A	N/A	N/A
Operating Income	N/A	N/A	N/A
Interest Expense	N/A	N/A	N/A
Income Tax	N/A	N/A	N/A
Net Income	N/A	N/A	N/A
EPS (Diluted)	N/A	N/A	N/A

HMY Balance Sheet

Metric	FY18	FY17	FY16
Total Assets	$2.9B-3.5%	$3.0B+17.9%	$2.5B
Current Assets	$303.0M-19.2%	$375.0M	N/A
Cash & Equivalents	$51.0M-46.3%	$95.0M+11.8%	$85.0M
Inventory	$127.0M+47.7%	$86.0M	N/A
Accounts Receivable	$83.0M+9.2%	$76.0M	N/A
Goodwill	$36.0M-20.0%	$45.0M	N/A
Total Liabilities	$1.0B+40.3%	$732.0M+21.8%	$601.0M
Current Liabilities	$263.0M-10.2%	$293.0M	N/A
Long-Term Debt	$407.0M+149.7%	$163.0M	N/A
Total Equity	$1.8B-17.9%	$2.2B+16.7%	$1.9B
Retained Earnings	-$878.0M-60.5%	-$547.0M	N/A

Metric	Q4'18	Q4'17	Q4'16
Total Assets	$2.9B-3.5%	$3.0B+17.9%	$2.5B
Current Assets	$303.0M-19.2%	$375.0M	N/A
Cash & Equivalents	$51.0M-46.3%	$95.0M+11.8%	$85.0M
Inventory	$127.0M+47.7%	$86.0M	N/A
Accounts Receivable	$83.0M+9.2%	$76.0M	N/A
Goodwill	$36.0M-20.0%	$45.0M	N/A
Total Liabilities	$1.0B+40.3%	$732.0M+21.8%	$601.0M
Current Liabilities	$263.0M-10.2%	$293.0M	N/A
Long-Term Debt	$407.0M+149.7%	$163.0M	N/A
Total Equity	$1.8B-17.9%	$2.2B+16.7%	$1.9B
Retained Earnings	-$878.0M-60.5%	-$547.0M	N/A

HMY Cash Flow Statement

Metric	FY18	FY17	FY16
Operating Cash Flow	$303.0M+8.2%	$280.0M-10.3%	$312.0M
Capital Expenditures	$355.0M+24.1%	$286.0M+70.2%	$168.0M
Free Cash Flow	-$52.0M-766.7%	-$6.0M-104.2%	$144.0M
Investing Cash Flow	-$658.0M-164.3%	-$249.0M-38.3%	-$180.0M
Financing Cash Flow	$320.0M+1203.4%	-$29.0M+74.6%	-$114.0M
Dividends Paid	$12.0M-63.6%	$33.0M	$0
Share Buybacks	N/A	N/A	N/A

Metric	Q4'18	Q4'17	Q4'16
Operating Cash Flow	N/A	N/A	N/A
Capital Expenditures	N/A	N/A	N/A
Free Cash Flow	N/A	N/A	N/A
Investing Cash Flow	N/A	N/A	N/A
Financing Cash Flow	N/A	N/A	N/A
Dividends Paid	N/A	N/A	N/A
Share Buybacks	N/A	N/A	N/A

HMY Financial Ratios

Metric	Q4'18	Q4'17	Q4'16
Gross Margin	N/A	N/A	N/A
Operating Margin	N/A	N/A	N/A
Net Margin	N/A	N/A	N/A
Return on Equity	N/A	N/A	N/A
Return on Assets	N/A	N/A	N/A
Current Ratio	1.15-0.1	1.28	N/A
Debt-to-Equity	0.22+0.1	0.07-0.2	0.31
FCF Margin	N/A	N/A	N/A

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Frequently Asked Questions

What is Harmony Gold Mng's annual revenue?

Harmony Gold Mng (HMY) reported $1.6B in total revenue for fiscal year 2018. This represents a 11.9% 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 Harmony Gold Mng's revenue growing?

Harmony Gold Mng (HMY) revenue grew by 11.9% year-over-year, from $1.4B to $1.6B in fiscal year 2018.

Is Harmony Gold Mng profitable?

No, Harmony Gold Mng (HMY) reported a net income of -$321.0M in fiscal year 2018, with a net profit margin of -20.3%.

How much debt does Harmony Gold Mng have?

As of fiscal year 2018, Harmony Gold Mng (HMY) had $51.0M in cash and equivalents against $407.0M in long-term debt.

What is Harmony Gold Mng's net profit margin?

Harmony Gold Mng (HMY) had a net profit margin of -20.3% in fiscal year 2018, representing the share of revenue converted into profit after all expenses.

What is Harmony Gold Mng's return on equity (ROE)?

Harmony Gold Mng (HMY) has a return on equity of -17.5% for fiscal year 2018, measuring how efficiently the company generates profit from shareholder equity.

What is Harmony Gold Mng's free cash flow?

Harmony Gold Mng (HMY) generated -$52.0M in free cash flow during fiscal year 2018. This represents a -766.7% 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 Harmony Gold Mng's operating cash flow?

Harmony Gold Mng (HMY) generated $303.0M in operating cash flow during fiscal year 2018, representing cash generated from core business activities.

What are Harmony Gold Mng's total assets?

Harmony Gold Mng (HMY) had $2.9B in total assets as of fiscal year 2018, including both current and long-term assets.

What are Harmony Gold Mng's capital expenditures?

Harmony Gold Mng (HMY) invested $355.0M in capital expenditures during fiscal year 2018, funding long-term assets and infrastructure.

How many shares does Harmony Gold Mng have outstanding?

Harmony Gold Mng (HMY) had 500M shares outstanding as of fiscal year 2018.

What is Harmony Gold Mng's current ratio?

Harmony Gold Mng (HMY) had a current ratio of 1.15 as of fiscal year 2018, which is considered adequate.

What is Harmony Gold Mng's debt-to-equity ratio?

Harmony Gold Mng (HMY) had a debt-to-equity ratio of 0.22 as of fiscal year 2018, measuring the company's financial leverage by comparing total debt to shareholder equity.

What is Harmony Gold Mng's return on assets (ROA)?

Harmony Gold Mng (HMY) had a return on assets of -11.2% for fiscal year 2018, measuring how efficiently the company uses its assets to generate profit.

What is Harmony Gold Mng's Piotroski F-Score?

Harmony Gold Mng (HMY) has a Piotroski F-Score of 3 out of 7 computable signals; 2 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 Harmony Gold Mng's earnings high quality?

Harmony Gold Mng (HMY) has an earnings quality ratio of -0.94x, considered mixed quality. 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.