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Consolidated Statements of Cash Flows - USD ($)
$ in Thousands
3 Months Ended 12 Months Ended
Mar. 31, 2023
Mar. 31, 2022
Dec. 31, 2022
Cash flows from operating activities:      
Net income and comprehensive income $ 64,071 $ 65,962  
Adjustments to reconcile net income and comprehensive income to net cash provided by operating activities:      
Depreciation, depletion and amortization 46,328 47,988  
Non-cash employee stock compensation expense 2,636 2,124  
Fair value changes in equity securities (799) (613) $ 1,503
Deferred tax expense 1,092 688  
Other 214 245  
Changes in assets and liabilities:      
Royalty receivables 2,471 569  
Stream inventory 1,056 3,118  
Income tax receivable 1,342 518  
Prepaid expenses and other assets (914) (7,309)  
Accounts payable 1,166 (208)  
Income tax payable (7,840) (10,910)  
Other liabilities (2,168) (1,039)  
Net cash provided by operating activities 108,655 101,133  
Cash flows from investing activities:      
Acquisition of stream and royalty interests   (37,800)  
Other (197) (11)  
Net cash used in investing activities (197) (37,811)  
Cash flows from financing activities:      
Repayment of debt (75,000)    
Net payments from issuance of common stock (397) 141  
Common stock dividends (24,629) (22,978)  
Other (202) (329)  
Net cash used in financing activities (100,228) (23,166)  
Net increase in cash and equivalents 8,230 40,156  
Cash and equivalents at beginning of period 118,586 143,551 143,551
Cash and equivalents at end of period $ 126,816 $ 183,707 $ 118,586