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Consolidated Statements of Cash Flows - USD ($)
$ in Thousands
9 Months Ended
Sep. 30, 2022
Sep. 30, 2021
Cash flows from operating activities:    
Net income and comprehensive income $ 183,242 $ 206,578
Adjustments to reconcile net income and comprehensive income to net cash provided by operating activities:    
Depreciation, depletion and amortization 129,739 139,935
Non-cash employee stock compensation expense 6,632 4,340
Fair value changes in equity securities 1,221 (4,035)
Deferred tax (benefit) expense (17,757) 8,465
Other 734 1,418
Changes in assets and liabilities:    
Royalty receivables 25,612 (8,643)
Stream inventory (2,083) 1,678
Income tax receivable (10,141) 4,858
Prepaid expenses and other assets (3,073) (1,608)
Accounts payable 857 2,859
Income tax payable 2,646 615
Uncertain tax positions   (12,378)
Other liabilities (1,310) (1,111)
Net cash provided by operating activities 316,319 342,971
Cash flows from investing activities:    
Acquisition of stream and royalty interests (715,829) (384,315)
Khoemacau subordinated debt facility   (25,000)
Proceeds from sale of equity securities   8,651
Other (676) (910)
Net cash used in investing activities (716,505) (401,574)
Cash flows from financing activities:    
Repayment of debt (50,000) (200,000)
Borrowings from revolving credit facility 500,000 100,000
Net payments from issuance of common stock (1,438) (959)
Common stock dividends (68,938) (59,046)
Other (751) (3,043)
Net cash provided by (used in) financing activities 378,873 (163,048)
Net decrease in cash and equivalents (21,313) (221,651)
Cash and equivalents at beginning of period 143,551 381,859
Cash and equivalents at end of period $ 122,238 $ 160,208