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Consolidated Statements of Cash Flows - USD ($)
$ in Thousands
3 Months Ended 6 Months Ended 12 Months Ended
Jun. 30, 2023
Jun. 30, 2022
Jun. 30, 2023
Jun. 30, 2022
Dec. 31, 2022
Cash flows from operating activities:          
Net income and comprehensive income     $ 127,671 $ 137,308  
Adjustments to reconcile net income and comprehensive income to net cash provided by operating activities:          
Depreciation, depletion and amortization $ 38,412 $ 43,989 84,741 91,976  
Non-cash employee stock compensation expense     4,579 4,542  
Fair value changes in equity securities 509 2,191 (291) 1,577 $ 1,503
Deferred tax benefit     (7,139) (28,114)  
Other     445 491  
Changes in assets and liabilities:          
Royalty receivables     12,948 17,220  
Stream inventory     1,998 (1,564)  
Income tax receivable     (6,536) (2,797)  
Prepaid expenses and other assets     (2,641) (1,359)  
Accounts payable     1,866 592  
Income tax payable     (462) 4,976  
Other liabilities     (597) (3,519)  
Net cash provided by operating activities     216,582 221,329  
Cash flows from investing activities:          
Acquisition of stream and royalty interests     (2,670) (37,841)  
Sale of equity securities     107    
Other     (258) (36)  
Net cash used in investing activities     (2,821) (37,877)  
Cash flows from financing activities:          
Repayment of debt     (175,000)    
Debt issuance costs     (1,533)    
Net payments from issuance of common stock     253 108  
Common stock dividends     (49,271) (45,953)  
Other     (639) (541)  
Net cash used in financing activities     (226,190) (46,386)  
Net (decrease) increase in cash and equivalents     (12,429) 137,066  
Cash and equivalents at beginning of period     118,586 143,551 143,551
Cash and equivalents at end of period $ 106,157 $ 280,617 $ 106,157 $ 280,617 $ 118,586