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Consolidated Statements of Cash Flows - USD ($)
$ in Thousands
9 Months Ended
Sep. 30, 2023
Sep. 30, 2022
Cash flows from operating activities:    
Net income and comprehensive income $ 177,170 $ 183,242
Adjustments to reconcile net income and comprehensive income to net cash provided by operating activities:    
Depreciation, depletion and amortization 124,847 129,739
Non-cash employee stock compensation expense 7,342 6,632
Fair value changes in equity securities 171 1,221
Deferred tax benefit (6,011) (17,757)
Other 592 734
Changes in assets and liabilities:    
Royalty receivables 14,678 25,612
Stream inventory 2,805 (2,083)
Income tax receivable (11,182) (10,141)
Prepaid expenses and other assets (3,367) (3,073)
Accounts payable 1,940 857
Income tax payable 6,428 2,646
Other liabilities (709) (1,310)
Net cash provided by operating activities 314,704 316,319
Cash flows from investing activities:    
Acquisition of stream and royalty interests (2,678) (715,829)
Sale of equity securities 107  
Other (256) (676)
Net cash used in investing activities (2,827) (716,505)
Cash flows from financing activities:    
Repayment of debt (250,000) (50,000)
Borrowings from revolving credit facility   500,000
Debt issuance costs (1,535)  
Net payments from issuance of common stock (1,373) (1,438)
Common stock dividends (73,918) (68,938)
Other (736) (751)
Net cash (used in) provided by financing activities (327,562) 378,873
Net decrease in cash and equivalents (15,685) (21,313)
Cash and equivalents at beginning of period 118,586 143,551
Cash and equivalents at end of period $ 102,901 $ 122,238