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Consolidated Statements of Cash Flows - USD ($)
$ in Thousands
6 Months Ended
Jun. 30, 2022
Jun. 30, 2021
Cash flows from operating activities:    
Net income and comprehensive income $ 137,308 $ 136,114
Adjustments to reconcile net income and comprehensive income to net cash provided by operating activities:    
Depreciation, depletion and amortization 91,976 89,324
Non-cash employee stock compensation expense 4,542 2,837
Fair value changes in equity securities 1,577 (3,859)
Deferred tax (benefit) expense (28,114) 8,861
Other 491 572
Changes in assets and liabilities:    
Royalty receivables 17,220 (2,925)
Stream inventory (1,564) (3,785)
Income tax receivable (2,797) 4,419
Prepaid expenses and other assets (1,359) (582)
Accounts payable 592 3,786
Income tax payable 4,976 (8,839)
Uncertain tax positions   (12,358)
Other liabilities (3,519) (479)
Net cash provided by operating activities 221,329 213,086
Cash flows from investing activities:    
Acquisition of stream and royalty interests (37,841) (119,315)
Khoemacau subordinated debt facility   (18,000)
Proceeds from sale of equity securities   8,651
Other (36) (177)
Net cash used in investing activities (37,877) (128,841)
Cash flows from financing activities:    
Repayment of debt   (200,000)
Net payments from issuance of common stock 108 (50)
Common stock dividends (45,953) (39,364)
Other (541) (774)
Net cash used in financing activities (46,386) (240,188)
Net increase (decrease) in cash and equivalents 137,066 (155,943)
Cash and equivalents at beginning of period 143,551 381,859
Cash and equivalents at end of period $ 280,617 $ 225,916