Ivanhoe Mines 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	261.56	228.14	318.93	410.86	55.24
Depreciation & Amortization	75.72	19.67	2.3	5.87	9.59
Loss (Gain) From Sale of Assets	-	-	-	0.03	0.45
Loss (Gain) From Sale of Investments	-4.88	2.04	3.39	3.63	0.27
Loss (Gain) on Equity Investments	-180.6	-291.91	-274.83	-254.18	-105.74
Stock-Based Compensation	18.38	27.92	29.27	27.22	20
Provision & Write-off of Bad Debts	-	-	-	1.02	-
Other Operating Activities	-204.86	-73.3	-119.13	-23.73	12.29
Change in Accounts Receivable	-	-	-16.75	-5.05	-4.26
Change in Inventory	-	-	-0.51	-0.02	0.02
Change in Accounts Payable	-	-	47.3	34.84	4.12
Change in Other Net Operating Assets	-92.76	-64.99	-21.52	-23.52	0.93
Operating Cash Flow	-127.45	-152.43	-31.57	176.97	-7.09
Capital Expenditures	-341.81	-491.71	-477.9	-158.66	-52.04
Sale of Property, Plant & Equipment	3.14	0.12	5.35	0.12	0.28
Sale (Purchase) of Intangibles	-	-	-	-	-0.56
Investment in Securities	-318.1	0.75	-0.04	-13.37	-3.2
Other Investing Activities	-8.95	-4.57	-4.4	-1.73	-153.06
Investing Cash Flow	-665.72	-495.41	-477	-173.63	-208.58
Long-Term Debt Issued	891.5	306	98.18	-	564.53
Long-Term Debt Repaid	-13.27	-85.86	-1.8	-0.71	-0.72
Net Debt Issued (Repaid)	878.23	220.14	96.39	-0.71	563.82
Issuance of Common Stock	582.14	3.5	434.81	5.52	6.46
Other Financing Activities	-40.4	-16.69	-30.92	-14.38	-8.31
Financing Cash Flow	1,420	206.95	500.27	-9.57	561.97
Foreign Exchange Rate Adjustments	40.4	-16.06	-14.86	-4.49	-0.95
Net Cash Flow	667.2	-456.95	-23.16	-10.73	345.35
Free Cash Flow	-469.26	-644.14	-509.47	18.32	-59.13
Free Cash Flow Margin	-106.26%	-1578.09%	-	-	-
Free Cash Flow Per Share	-0.34	-0.49	-0.41	0.01	-0.05
Cash Interest Paid	66.55	27.8	17.39	14.52	8.4
Cash Income Tax Paid	3.74	3.3	0.62	0.01	0.07
Levered Free Cash Flow	-357.27	-947.82	-181.89	-157.31	-120.24
Unlevered Free Cash Flow	-333.13	-917.11	-162.21	-133.5	-97.4
Change in Working Capital	-92.76	-64.99	8.52	6.26	0.81

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