XML 31 R7.htm IDEA: XBRL DOCUMENT v3.25.0.1
Consolidated Statements of Cash Flows - USD ($)
$ in Thousands
12 Months Ended
Dec. 31, 2024
Dec. 31, 2023
Dec. 31, 2022
Cash flows from operating activities:      
Net income and comprehensive income $ 332,479 $ 240,132 $ 239,942
Adjustments to reconcile net income and comprehensive income to net cash provided by operating activities:      
Depreciation, depletion and amortization 144,426 164,937 178,935
Non-cash employee stock compensation expense 11,892 9,696 8,411
Fair value changes in equity securities 66 147 1,503
Deferred tax expense (benefit) 8,354 (6,469) (19,836)
Impairment of royalty interests 0 0 4,287
Other 945 779 979
Changes in assets and liabilities:      
Royalty receivables (14,577) 521 4,683
Stream inventory (3,186) 2,868 (1,049)
Income tax receivable 1,537 390 1,849
Prepaid expenses and other assets 11,168 (4,369) (3,908)
Accounts payable (9,113) 4,756 211
Income tax payable 7,620 (508) (3,005)
Mount Milligan deferred liability 25,000 0 0
Other liabilities 12,892 2,912 4,343
Net cash provided by operating activities 529,503 415,792 417,345
Cash flows from investing activities:      
Acquisition of stream and royalty interests (102,564) (2,678) (922,155)
Proceeds from Khoemacau debt facility 25,000 0 0
Other (116) (151) (721)
Net cash used in investing activities (77,680) (2,829) (922,876)
Cash flows from financing activities:      
Repayment of debt (250,000) (325,000) (125,000)
Borrowings from revolving credit facility 0 0 700,000
Net payments from issuance of common stock (4,620) (1,383) (1,447)
Common stock dividends (105,237) (98,567) (91,925)
Other (635) (2,432) (1,062)
Net cash (used in) provided by financing activities (360,492) (427,382) 480,566
Net increase (decrease) in cash and equivalents 91,331 (14,419) (24,965)
Cash and equivalents at beginning of period 104,167 118,586 143,551
Cash and equivalents at end of period $ 195,498 $ 104,167 $ 118,586