Metals Exploration Cash Flow Statement

Financials in millions USD. Fiscal year is January - December.

Millions USD. Fiscal year is Jan - Dec.

Fiscal Year	FY 2025	FY 2024	FY 2023	FY 2022	FY 2021
Period Ending	Dec '25 Dec 31, 2025	Dec '24 Dec 31, 2024	Dec '23 Dec 31, 2023	Dec '22 Dec 31, 2022	Dec '21 Dec 31, 2021
Net Income	28.89	25.59	119.25	8.75	11.29
Depreciation & Amortization	59.25	54.17	51.89	22.46	19.68
Other Amortization	-	0.01	-	0.04	0.03
Loss (Gain) From Sale of Assets	-	-	-	-	0.08
Asset Writedown & Restructuring Costs	-0.91	-	-100.29	0	-0.39
Loss (Gain) on Equity Investments	0.01	-0.01	-0.02	0.08	-0.02
Stock-Based Compensation	22.2	0.84	0.18	0.37	0.01
Provision & Write-off of Bad Debts	-	5.9	0.9	1.2	1.5
Other Operating Activities	-4.26	13.19	9.82	13.78	13.49
Change in Accounts Receivable	-5.2	-14.15	-10.05	0.27	4.29
Change in Inventory	0.24	-1.71	0.82	-4	-2.6
Change in Accounts Payable	7.64	1.65	2.06	-4.77	-0.84
Operating Cash Flow	107.87	85.47	74.56	38.19	46.52
Operating Cash Flow Growth	26.21%	14.63%	95.24%	-17.90%	61.46%
Capital Expenditures	-79.62	-6.05	-10.25	-8.23	-11.88
Sale of Property, Plant & Equipment	-	-	-	-	0.06
Cash Acquisitions	-21.6	-0.5	-	-	-
Sale (Purchase) of Intangibles	-	-	-	-	-0.05
Other Investing Activities	0.93	0.15	0	-	-
Investing Cash Flow	-100.29	-8.9	-10.25	-8.23	-11.87
Long-Term Debt Issued	-	6.89	-	-	-
Long-Term Debt Repaid	-	-23.9	-61.43	-32	-37.25
Net Debt Issued (Repaid)	-	-17.01	-61.43	-32	-37.25
Issuance of Common Stock	4.17	0	0	-	-
Repurchase of Common Stock	-	-25.35	-	-	-
Other Financing Activities	-	-3.34	-3.37	-1.82	-2.42
Financing Cash Flow	4.17	-45.69	-64.8	-33.82	-39.68
Foreign Exchange Rate Adjustments	-1.8	0	-0.03	-0.02	0.83
Net Cash Flow	9.95	30.88	-0.52	-3.88	-4.19
Free Cash Flow	28.25	79.42	64.31	29.96	34.63
Free Cash Flow Growth	-64.43%	23.49%	114.64%	-13.49%	115.65%
Free Cash Flow Margin	13.55%	41.55%	38.58%	24.08%	26.67%
Free Cash Flow Per Share	0.01	0.04	0.03	0.01	0.02
Cash Interest Paid	-	3.34	3.37	1.82	2.42
Levered Free Cash Flow	19.34	78.93	61.29	16.97	18.21
Unlevered Free Cash Flow	19.34	80.39	67.99	25.37	27.6
Change in Working Capital	2.69	-14.22	-7.17	-8.49	0.85

Source: S&P Global Market Intelligence. Standard template. Financial Sources.