Teck Resources Ltd's income statement, balance sheet and cash flow statement as filed with the SEC (10-K and 10-Q), with the latest fiscal years and quarters. In its latest fiscal year (Dec 31, 2025 · FY), Teck Resources Ltd reported revenue of $10.8B (+18.7% year on year).
| Line item | Dec 31, 2025 · FY | Dec 31, 2024 · FY | Dec 31, 2023 · FY | Dec 31, 2022 · FY |
|---|---|---|---|---|
| Revenue (Note 6) | $10.8B | $9.1B | $15.0B | $17.3B |
| Cost of sales | ($8.1B) | ($7.5B) | ($9.9B) | ($8.7B) |
| Gross profit | $2.7B | $1.6B | $5.1B | $8.6B |
| General and administration | ($269.0M) | ($275.0M) | ($317.0M) | ($236.0M) |
| Exploration | ($90.0M) | ($87.0M) | ($86.0M) | ($90.0M) |
| Research and innovation | ($35.0M) | ($50.0M) | ($164.0M) | ($157.0M) |
| Asset impairment (Note 8) | $0 | ($1.1B) | — | $0 |
| Other operating income (expense) (Note 9) | ($15.0M) | ($151.0M) | ($206.0M) | ($1.1B) |
| Profit (loss) from operations | $2.2B | ($9.0M) | $4.4B | $7.0B |
| Finance income (Note 10) | $271.0M | $234.0M | $112.0M | $53.0M |
| Finance expense (Note 10) | ($912.0M) | ($953.0M) | ($274.0M) | ($203.0M) |
| Non-operating income (expense) (Note 11) | $52.0M | $7.0M | ($266.0M) | ($275.0M) |
| Share of profit (loss) of joint venture and associate (Note 15) | ($3.0M) | $3.0M | $2.0M | $4.0M |
| Profit (loss) from continuing operations before taxes | $1.7B | ($718.0M) | $3.9B | $6.6B |
| Provision for income taxes from continuing operations (Note 23(a)) | ($584.0M) | ($205.0M) | ($1.6B) | ($2.5B) |
| Profit from discontinued operations (Note 5(c)) | $0 | $1.2B | ($26.0M) | ($772.0M) |
| Profit for the year | $1.1B | $283.0M | $2.3B | $3.3B |
| Profit (loss) from continuing operations for the year | $1.1B | ($923.0M) | $2.3B | $4.1B |
| Shareholders of the company | $1.4B | ($467.0M) | $2.4B | — |
| Non-controlling interests | ($329.0M) | ($456.0M) | ($101.0M) | ($19.0M) |
| Basic (in dollars per share) | $0.00 | $1.69 | -$0.05 | -$1470000.00 |
| Diluted (in dollars per share) | $0.00 | $1.68 | -$0.05 | -$1470000.00 |
| Basic (in dollars per share) | $2.84 | -$0.90 | $4.70 | $7.77 |
| Diluted (in dollars per share) | $2.83 | -$0.90 | $4.64 | $7.63 |
| Weighted average shares outstanding (millions) (in shares) | 493.8M | 516.0M | 517.8M | 526.7M |
| Weighted average diluted shares outstanding (millions) (in shares) | 495.4M | 520.0M | 525.3M | 535.9M |
| Shares outstanding at end of year (millions) (in shares) | 488.5M | 506.3M | 517.3M | 513.7M |
| Line item | Dec 31, 2025 · FY | Dec 31, 2024 · FY | Dec 31, 2023 · FY | Dec 31, 2022 · FY |
|---|---|---|---|---|
| Cash and cash equivalents (Note 12) | $5.0B | $7.6B | $744.0M | $1.9B |
| Current income taxes receivable | $317.0M | $267.0M | $94.0M | $92.0M |
| Trade and settlement receivables | $2.6B | $1.7B | $2.1B | $1.5B |
| Inventories (Note 13) | $2.7B | $2.6B | $2.9B | $2.7B |
| Prepaids and other current assets | $523.0M | $461.0M | $585.0M | $540.0M |
| Total current assets | $11.2B | $12.6B | $6.5B | $8.3B |
| Financial assets (Note 14) | $1.1B | $764.0M | $1.9B | $1.5B |
| Investment in joint venture and associate (Note 15) | $1.2B | $1.2B | $1.1B | $1.1B |
| Property, plant and equipment (Note 16) | $29.7B | $30.6B | $45.6B | $40.1B |
| Intangible assets (Note 17) | $169.0M | $196.0M | — | — |
| Deferred income tax assets (Note 23(b)) | $931.0M | $572.0M | $65.0M | $75.0M |
| Goodwill | $421.0M | $442.0M | $1.1B | $1.1B |
| Other assets (Note 18) | $741.0M | $698.0M | — | — |
| Total assets | $45.4B | $47.0B | $56.2B | $52.4B |
| Trade accounts payable and other liabilities (Note 19) | $3.4B | $2.7B | $4.0B | $4.4B |
| Current portion of debt (Note 20) | $403.0M | $423.0M | $515.0M | $616.0M |
| Current portion of lease liabilities (Note 21(c)) | $169.0M | $175.0M | $195.0M | $132.0M |
| Current income taxes payable | $182.0M | $850.0M | $1.2B | $104.0M |
| Current portion of provisions (Note 25) | $245.0M | $187.0M | — | — |
| Total current liabilities | $4.4B | $4.4B | $5.9B | $5.9B |
| Debt (Note 20) | $3.5B | $4.1B | $6.0B | $6.6B |
| Lease liabilities (Note 21(c)) | $789.0M | $776.0M | $866.0M | $439.0M |
| QB advances from SMM/SC (Note 22) | $4.7B | $4.5B | $3.5B | $2.3B |
| Deferred income tax liabilities (Note 23(b)) | $2.5B | $2.3B | $6.2B | $6.8B |
| Retirement benefit liabilities (Note 24(a)) | $351.0M | $373.0M | $445.0M | $420.0M |
| Provisions (Note 25) | $2.3B | $2.4B | — | — |
| Financial and other liabilities (Note 26) | $840.0M | $1.1B | — | — |
| Total liabilities | $19.4B | $19.9B | $27.9B | $25.8B |
| Attributable to shareholders of the company | $25.1B | $26.1B | $27.0B | $25.5B |
| Attributable to non-controlling interests (Note 28) | $911.0M | $1.0B | $1.3B | $1.0B |
| Total equity | $26.0B | $27.1B | $28.3B | $26.5B |
| Total equity and liabilities | $45.4B | $47.0B | $56.2B | $52.4B |
| Line item | Dec 31, 2025 · FY | Dec 31, 2024 · FY | Dec 31, 2023 · FY | Dec 31, 2022 · FY |
|---|---|---|---|---|
| Profit (loss) from continuing operations | $1.1B | ($923.0M) | $2.3B | $4.1B |
| Depreciation and amortization | $1.8B | $1.7B | $1.9B | $1.7B |
| Provision for income taxes from continuing operations | $584.0M | $205.0M | $1.6B | $2.5B |
| Asset impairment | $0 | $1.1B | — | — |
| Net finance expense | $641.0M | $719.0M | $162.0M | $150.0M |
| Income taxes paid | ($1.2B) | ($1.8B) | ($990.0M) | ($1.2B) |
| Expenditures on decommissioning and restoration provisions | ($106.0M) | — | — | — |
| QB variable consideration to IMSA and Codelco | ($142.0M) | $51.0M | $156.0M | $188.0M |
| Foreign exchange (gains) losses | $41.0M | ($146.0M) | — | — |
| Embedded derivatives and other | ($155.0M) | ($77.0M) | $41.0M | $147.0M |
| Net change in non-cash working capital items | ($978.0M) | ($276.0M) | ($990.0M) | ($107.0M) |
| Net cash provided by continuing operating activities | $1.5B | $430.0M | $4.1B | $7.5B |
| Net cash provided by discontinued operating activities | $0 | $2.4B | $0 | $442.0M |
| Net cash from operating activities | $1.5B | $2.8B | $4.1B | $8.0B |
| Expenditures on property, plant and equipment | ($1.8B) | ($2.3B) | ($4.7B) | ($4.4B) |
| Capitalized stripping costs | ($224.0M) | — | — | — |
| Expenditures on investments and other assets | ($187.0M) | ($68.0M) | ($137.0M) | ($199.0M) |
| Net proceeds from sale of steelmaking coal business | $0 | $9.5B | — | — |
| Proceeds from sale of investments and other assets | $88.0M | — | — | — |
| Proceeds from interest and dividend income | $251.0M | $194.0M | — | — |
| Net cash provided by (used in) continuing investing activities | ($1.9B) | $7.0B | ($4.7B) | ($5.6B) |
| Net cash used in discontinued investing activities | $0 | ($856.0M) | ($14.0M) | ($129.0M) |
| Net cash used in investing activities | ($1.9B) | $6.2B | ($4.8B) | ($5.7B) |
| Proceeds from debt | $308.0M | $77.0M | $230.0M | $569.0M |
| Redemption, purchase or repayment of debt | ($733.0M) | ($2.5B) | ($710.0M) | ($1.3B) |
| Repayment of lease liabilities | ($112.0M) | ($68.0M) | ($160.0M) | ($138.0M) |
| QB advances from SMM/SC | $476.0M | $652.0M | — | — |
| Sale of minority interest in steelmaking coal business | $0 | $1.7B | — | — |
| Interest and finance charges paid | ($686.0M) | ($863.0M) | ($753.0M) | ($459.0M) |
| Issuance of Class B subordinate voting shares | 26.0M | 172.0M | 63.0M | 234.0M |
| Purchase and cancellation of Class B subordinate voting shares | -1.0B | -1.2B | -250.0M | -1.4B |
| Dividends paid | ($246.0M) | ($514.0M) | ($515.0M) | ($532.0M) |
| Net contributions from non-controlling interests | $157.0M | $263.0M | $439.0M | $307.0M |
| Settlement of other liabilities | ($25.0M) | ($102.0M) | ($48.0M) | ($46.0M) |
| Net cash used in continuing financing activities | ($1.8B) | ($2.5B) | ($466.0M) | ($2.0B) |
| Net cash used in discontinued financing activities | $0 | ($68.0M) | ($3.0M) | ($31.0M) |
| Net cash used in financing activities | ($1.8B) | ($2.6B) | ($469.0M) | ($2.0B) |
| Increase (decrease) in cash and cash equivalents | ($2.3B) | $6.4B | ($1.1B) | $313.0M |
| Effect of exchange rate changes on cash and cash equivalents | ($298.0M) | $445.0M | ($32.0M) | $178.0M |
| Cash and cash equivalents at beginning of year | $7.6B | $744.0M | $1.9B | $1.4B |
| Cash and cash equivalents at end of year | $5.0B | $7.6B | $744.0M | $1.9B |
Teck Resources Ltd score and earnings-call analysis · All covered companies
Figures as reported in SEC filings. General information, not investment advice.