CONDENSED CONSOLIDATING FINANCIAL STATEMENTS | NOTE 24 CONDENSED CONSOLIDATING FINANCIAL STATEMENTS The following Condensed Consolidating Financial Statements are presented to satisfy disclosure requirements of Rule 3-10(e) of Regulation S-X resulting from the inclusion of Newmont USA Limited (“Newmont USA”), a wholly-owned subsidiary of Newmont, as a co-registrant with Newmont on debt securities issued under a shelf registration statement on Form S-3 filed under the Securities Act of 1933 under which securities of Newmont (including debt securities guaranteed by Newmont USA) may be issued (the “Shelf Registration Statement”). In accordance with Rule 3-10(e) of Regulation S-X, Newmont USA, as the subsidiary guarantor, is 100% owned by Newmont, the guarantees are full and unconditional, and no other subsidiary of Newmont guaranteed any security issued under the Shelf Registration Statement. There are no restrictions on the ability of Newmont or Newmont USA to obtain funds from its subsidiaries by dividend or loan. Three Months Ended June 30, 2018 (Issuer) (Guarantor) (Non-Guarantor) Newmont Newmont Mining Mining Newmont Other Corporation Condensed Consolidating Statement of Operation Corporation USA Subsidiaries Eliminations Consolidated Sales $ — $ 419 $ 1,243 $ — $ 1,662 Costs and expenses: Costs applicable to sales (1) — 281 684 — 965 Depreciation and amortization 1 75 203 — 279 Reclamation and remediation — 4 33 — 37 Exploration — 15 39 — 54 Advanced projects, research and development — 8 28 — 36 General and administrative — 22 41 — 63 Other expense, net — 1 12 — 13 1 406 1,040 — 1,447 Other income (expense): Other income, net (5) 20 124 — 139 Interest income - intercompany 17 11 12 (40) — Interest expense - intercompany (11) — (29) 40 — Interest expense, net (48) — (1) — (49) (47) 31 106 — 90 Income (loss) before income and mining tax and other items (48) 44 309 — 305 Income and mining tax benefit (expense) 10 (7) (21) — (18) Equity income (loss) of affiliates 330 (20) (7) (310) (7) Net income (loss) from continuing operations 292 17 281 (310) 280 Net income (loss) from discontinued operations — — 18 — 18 Net income (loss) 292 17 299 (310) 298 Net loss (income) attributable to noncontrolling interests: — — (6) — (6) Net income (loss) attributable to Newmont stockholders $ 292 $ 17 $ 293 $ (310) $ 292 Comprehensive income (loss) $ 299 $ 17 $ 299 $ (310) $ 305 Comprehensive loss (income) attributable to noncontrolling interests — — (6) — (6) Comprehensive income (loss) attributable to Newmont stockholders $ 299 $ 17 $ 293 $ (310) $ 299 (1) Excludes Depreciation and amortization and Reclamation and remediation. Three Months Ended June 30, 2017 (Issuer) (Guarantor) (Non-Guarantor) Newmont Newmont Mining Mining Newmont Other Corporation Condensed Consolidating Statement of Operation Corporation USA Subsidiaries Eliminations Consolidated Sales $ — $ 517 $ 1,358 $ — $ 1,875 Costs and expenses: Costs applicable to sales (1) — 280 719 — 999 Depreciation and amortization 1 82 227 — 310 Reclamation and remediation — 4 39 — 43 Exploration — 13 38 — 51 Advanced projects, research and development — 2 30 — 32 General and administrative — 18 40 — 58 Other expense, net — 2 12 — 14 1 401 1,105 — 1,507 Other income (expense): Other income, net 23 3 5 — 31 Interest income - intercompany 23 24 15 (62) — Interest expense - intercompany (14) (4) (44) 62 — Interest expense, net (59) (1) (4) — (64) (27) 22 (28) — (33) Income (loss) before income and mining tax and other items (28) 138 225 — 335 Income and mining tax benefit (expense) 9 (22) (153) — (166) Equity income (loss) of affiliates 194 (150) (11) (36) (3) Net income (loss) from continuing operations 175 (34) 61 (36) 166 Net income (loss) from discontinued operations — — (15) — (15) Net income (loss) 175 (34) 46 (36) 151 Net loss (income) attributable to noncontrolling interests — — 24 — 24 Net income (loss) attributable to Newmont stockholders 175 (34) 70 (36) 175 Comprehensive income (loss) 179 (29) 41 (36) 155 Comprehensive loss (income) attributable to noncontrolling interests — — 24 — 24 Comprehensive income (loss) attributable to Newmont stockholders $ 179 $ (29) $ 65 $ (36) $ 179 (1) Excludes Depreciation and amortization and Reclamation and remediation. Six Months Ended June 30, 2018 (Issuer) (Guarantor) (Non-Guarantor) Newmont Newmont Mining Mining Newmont Other Corporation Condensed Consolidating Statement of Operation Corporation USA Subsidiaries Eliminations Consolidated Sales $ — $ 931 $ 2,548 $ — $ 3,479 Costs and expenses: Costs applicable to sales (1) — 605 1,389 — 1,994 Depreciation and amortization 2 162 416 — 580 Reclamation and remediation — 7 58 — 65 Exploration — 26 68 — 94 Advanced projects, research and development — 14 56 — 70 General and administrative — 41 81 — 122 Other expense, net — 2 22 — 24 2 857 2,090 — 2,949 Other income (expense): Other income, net 3 27 130 — 160 Interest income - intercompany 51 22 21 (94) — Interest expense - intercompany (19) — (75) 94 — Interest expense, net (97) (2) (3) — (102) (62) 47 73 — 58 Income (loss) before income and mining tax and other items (64) 121 531 — 588 Income and mining tax benefit (expense) 13 (21) (115) — (123) Equity income (loss) of affiliates 535 (77) (16) (458) (16) Net income (loss) from continuing operations 484 23 400 (458) 449 Net income (loss) from discontinued operations — — 40 — 40 Net income (loss) 484 23 440 (458) 489 Net loss (income) attributable to noncontrolling interests — — (5) — (5) Net income (loss) attributable to Newmont stockholders $ 484 $ 23 $ 435 $ (458) $ 484 Comprehensive income (loss) $ 499 $ 23 $ 440 $ (458) $ 504 Comprehensive loss (income) attributable to noncontrolling interests — — (5) — (5) Comprehensive income (loss) attributable to Newmont stockholders $ 499 $ 23 $ 435 $ (458) $ 499 (1) Excludes Depreciation and amortization and Reclamation and remediation. Six Months Ended June 30, 2017 (Issuer) (Guarantor) (Non-Guarantor) Newmont Newmont Mining Mining Newmont Other Corporation Condensed Consolidating Statement of Operation Corporation USA Subsidiaries Eliminations Consolidated Sales $ — $ 941 $ 2,624 $ — $ 3,565 Costs and expenses: Costs applicable to sales (1) — 583 1,373 — 1,956 Depreciation and amortization 2 165 443 — 610 Reclamation and remediation — 7 65 — 72 Exploration — 22 65 — 87 Advanced projects, research and development — 3 55 — 58 General and administrative — 35 78 — 113 Other expense, net — 8 23 — 31 2 823 2,102 — 2,927 Other income (expense): Other income, net 26 3 (7) — 22 Interest income - intercompany 47 24 22 (93) — Interest expense - intercompany (22) (4) (67) 93 — Interest expense, net (121) (3) (7) — (131) (70) 20 (59) — (109) Income (loss) before income and mining tax and other items (72) 138 463 — 529 Income and mining tax benefit (expense) 25 (22) (280) — (277) Equity income (loss) of affiliates 269 (234) (13) (27) (5) Net income (loss) from continuing operations 222 (118) 170 (27) 247 Net income (loss) from discontinued operations — — (38) — (38) Net income (loss) 222 (118) 132 (27) 209 Net loss (income) attributable to noncontrolling interests — — 13 — 13 Net income (loss) attributable to Newmont stockholders $ 222 $ (118) $ 145 $ (27) $ 222 Comprehensive income (loss) $ 238 $ (109) $ 123 $ (27) $ 225 Comprehensive loss (income) attributable to noncontrolling interests — — 13 — 13 Comprehensive income (loss) attributable to Newmont stockholders $ 238 $ (109) $ 136 $ (27) $ 238 (1) Excludes Depreciation and amortization and Reclamation and remediation. Six Months Ended June 30, 2018 (Issuer) (Guarantor) (Non-Guarantor) Newmont Newmont Mining Mining Newmont Other Corporation Condensed Consolidating Statement of Cash Flows Corporation USA Subsidiaries Eliminations Consolidated Operating activities: Net cash provided by (used in) operating activities of continuing operations $ (63) $ 251 $ 479 $ — $ 667 Net cash provided by (used in) operating activities of discontinued operations — — (5) — (5) Net cash provided by (used in) operating activities (63) 251 474 — 662 Investing activities: Additions to property, plant and mine development — (125) (364) — (489) Acquisitions, net — — (39) — (39) Proceeds from sales of investments — 11 4 — 15 Purchases of investments — — (6) — (6) Other — 2 — — 2 Net cash provided by (used in) investing activities — (112) (405) — (517) Financing activities: Dividends paid to common stockholders (150) — — — (150) Repurchase of common stock (70) — — — (70) Distributions to noncontrolling interests — — (69) — (69) Funding from noncontrolling interests — — 52 — 52 Proceeds from sale of noncontrolling interests — — 48 — 48 Payments for withholding of employee taxes related to stock-based compensation — (39) — — (39) Net intercompany borrowings (repayments) 283 (99) (184) — — Other — (1) (2) — (3) Net cash provided by (used in) financing activities 63 (139) (155) — (231) Effect of exchange rate changes on cash, cash equivalents and restricted cash — — (2) — (2) Net change in cash, cash equivalents and restricted cash — — (88) — (88) Cash, cash equivalents and restricted cash at beginning of period — — 3,298 — 3,298 Cash, cash equivalents and restricted cash at end of period $ — $ — $ 3,210 $ — $ 3,210 Reconciliation of cash, cash equivalents and restricted cash: Cash and cash equivalents $ — $ — $ 3,127 $ — $ 3,127 Restricted cash included in Other current assets — — 1 — 1 Restricted cash included in Other noncurrent assets — — 82 — 82 Total cash, cash equivalents and restricted cash $ — $ — $ 3,210 $ — $ 3,210 Six Months Ended June 30, 2017 (Issuer) (Guarantor) (Non-Guarantor) Newmont Newmont Mining Mining Newmont Other Corporation Condensed Consolidating Statement of Cash Flows Corporation USA Subsidiaries Eliminations Consolidated Operating activities: Net cash provided by (used in) operating activities of continuing operations $ (116) $ 222 $ 796 $ — $ 902 Net cash provided by (used in) operating activities of discontinued operations — — (9) — (9) Net cash provided by (used in) operating activities (116) 222 787 — 893 Investing activities: Additions to property, plant and mine development — (121) (242) — (363) Acquisitions, net — — — — — Proceeds from sales of investments — — 19 — 19 Purchases of investments (109) — (4) — (113) Other — 2 15 — 17 Net cash provided by (used in) investing activities (109) (119) (212) — (440) Financing activities: Dividends paid to common stockholders (54) — — — (54) Repurchase of common stock — — — — — Distributions to noncontrolling interests — — (80) — (80) Funding from noncontrolling interests — — 46 — 46 Proceeds from sale of noncontrolling interests — — — — — Payments for withholding of employee taxes related to stock-based compensation — (13) — — (13) Net intercompany borrowings (repayments) 282 (90) (192) — — Other (3) (1) (2) — (6) Net cash provided by (used in) financing activities 225 (104) (228) — (107) Effect of exchange rate changes on cash, cash equivalents and restricted cash — — 2 — 2 Net change in cash, cash equivalents and restricted cash — (1) 349 — 348 Cash, cash equivalents and restricted cash at beginning of period — 1 2,781 — 2,782 Cash, cash equivalents and restricted cash at end of period $ — $ — $ 3,130 $ — $ 3,130 Reconciliation of cash, cash equivalents and restricted cash: Cash and cash equivalents $ — $ — $ 3,105 $ — $ 3,105 Restricted cash included in Other current assets — — 2 — 2 Restricted cash included in Other noncurrent assets — — 23 — 23 Total cash, cash equivalents and restricted cash $ — $ — $ 3,130 $ — $ 3,130 At June 30, 2018 (Issuer) (Guarantor) (Non-Guarantor) Newmont Newmont Mining Mining Newmont Other Corporation Condensed Consolidating Balance Sheet Corporation USA Subsidiaries Eliminations Consolidated Assets: Cash and cash equivalents $ — $ — $ 3,127 $ — $ 3,127 Trade receivables — 15 118 — 133 Other accounts receivables — — 101 — 101 Intercompany receivable 2,075 4,882 3,692 (10,649) — Investments — — 56 — 56 Inventories — 167 530 — 697 Stockpiles and ore on leach pads — 215 496 — 711 Other current assets — 40 102 — 142 Current assets 2,075 5,319 8,222 (10,649) 4,967 Property, plant and mine development, net 16 3,059 9,303 (27) 12,351 Investments 113 5 235 — 353 Investments in subsidiaries 13,250 (463) 16 (12,803) — Stockpiles and ore on leach pads — 643 1,194 — 1,837 Deferred income tax assets 87 — 450 — 537 Non-current intercompany receivable 738 527 6 (1,271) — Other non-current assets — 244 366 — 610 Total assets $ 16,279 $ 9,334 $ 19,792 $ (24,750) $ 20,655 Liabilities: Lease and other financing obligations $ — $ 1 $ 12 $ — $ 13 Accounts payable — 74 286 — 360 Intercompany payable 1,364 2,529 6,756 (10,649) — Employee-related benefits — 100 140 — 240 Income and mining taxes — 8 63 — 71 Other current liabilities 52 115 229 — 396 Current liabilities 1,416 2,827 7,486 (10,649) 1,080 Debt 4,042 — — — 4,042 Lease and other financing obligations — 3 63 — 66 Reclamation and remediation liabilities — 312 2,057 — 2,369 Deferred income tax liabilities — 125 464 — 589 Employee-related benefits 1 223 168 — 392 Non-current intercompany payable 7 — 1,291 (1,298) — Other non-current liabilities — 13 271 — 284 Total liabilities 5,466 3,503 11,800 (11,947) 8,822 Contingently redeemable noncontrolling interest — — 48 — 48 Equity: Newmont stockholders’ equity 10,813 5,831 6,972 (12,803) 10,813 Noncontrolling interests — — 972 — 972 Total equity 10,813 5,831 7,944 (12,803) 11,785 Total liabilities and equity $ 16,279 $ 9,334 $ 19,792 $ (24,750) $ 20,655 At December 31, 2017 (Issuer) (Guarantor) (Non-Guarantor) Newmont Newmont Mining Mining Newmont Other Corporation Condensed Consolidating Balance Sheet Corporation USA Subsidiaries Eliminations Consolidated Assets: Cash and cash equivalents $ — $ — $ 3,259 $ — $ 3,259 Trade receivables — 18 106 — 124 Other accounts receivables — — 113 — 113 Intercompany receivable 2,053 4,601 3,484 (10,138) — Investments — — 62 — 62 Inventories — 181 498 — 679 Stockpiles and ore on leach pads — 196 480 — 676 Other current assets — 38 115 — 153 Current assets 2,053 5,034 8,117 (10,138) 5,066 Property, plant and mine development, net 17 3,082 9,266 (27) 12,338 Investments 106 4 170 — 280 Investments in subsidiaries 12,012 (311) — (11,701) — Stockpiles and ore on leach pads — 648 1,200 — 1,848 Deferred income tax assets 84 5 460 — 549 Non-current intercompany receivable 1,700 401 7 (2,108) — Other non-current assets — 255 310 — 565 Total assets $ 15,972 $ 9,118 $ 19,530 $ (23,974) $ 20,646 Liabilities: Lease and other financing obligations $ — $ 1 $ 3 $ — $ 4 Accounts payable — 83 292 — 375 Intercompany payable 1,338 2,145 6,655 (10,138) — Employee-related benefits — 143 166 — 309 Income and mining taxes — 18 230 — 248 Other current liabilities 52 163 247 — 462 Current liabilities 1,390 2,553 7,593 (10,138) 1,398 Debt 4,040 — — — 4,040 Lease and other financing obligations — 4 17 — 21 Reclamation and remediation liabilities — 309 2,036 — 2,345 Deferred income tax liabilities — 121 474 — 595 Employee-related benefits — 222 164 — 386 Non-current intercompany payable 7 — 2,128 (2,135) — Other non-current liabilities — 18 324 — 342 Total liabilities 5,437 3,227 12,736 (12,273) 9,127 Contingently redeemable noncontrolling interest — — — — — Equity: Newmont stockholders’ equity 10,535 5,891 5,810 (11,701) 10,535 Noncontrolling interests — — 984 — 984 Total equity 10,535 5,891 6,794 (11,701) 11,519 Total liabilities and equity $ 15,972 $ 9,118 $ 19,530 $ (23,974) $ 20,646 |