Northern Dynasty Minerals Ltd. (FRA:ND3)

Northern Dynasty Minerals Cash Flow Statement

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

Fiscal Year	TTM	FY 2024	FY 2023	FY 2022	FY 2021	FY 2020
Period Ending	Sep 30, 2025	Dec 31, 2024	Dec 31, 2023	Dec 31, 2022	Dec 31, 2021	Dec 31, 2020
Net Income	-82.8	-36.15	-21	-24.44	-31.54	-63.87
Depreciation & Amortization	0.17	0.16	0.16	0.26	0.33	0.53
Loss (Gain) From Sale of Assets	-	-	-	-0	0	-
Stock-Based Compensation	0.69	0.03	1.07	2.3	2.86	9.34
Other Operating Activities	59.62	17.46	-1.34	-0.25	-0.15	1.92
Change in Accounts Receivable	-0.14	1.01	-0.24	-0.57	-0.02	-0.55
Change in Accounts Payable	1.85	0.35	-0.8	-1.12	-3.48	-6.13
Change in Other Net Operating Assets	0.14	0	0.04	-0.14	-0.47	0.94
Operating Cash Flow	-20.47	-17.15	-22.11	-23.96	-32.48	-57.82
Capital Expenditures	-	-	-	-0.03	-	-
Sale of Property, Plant & Equipment	-	-	0	0	-	-
Other Investing Activities	33.75	14.59	2.95	15.7	0.16	0.13
Investing Cash Flow	33.75	14.59	2.95	15.67	0.16	0.13
Short-Term Debt Issued	-	-	20.1	-	-	-
Total Debt Issued	-	-	20.1	-	-	-
Long-Term Debt Repaid	-	-0.15	-0.15	-0.13	-0.2	-2.82
Net Debt Issued (Repaid)	-0.17	-0.15	19.95	-0.13	-0.2	-2.82
Issuance of Common Stock	9.17	0.02	3.42	-	12.82	95.08
Other Financing Activities	-	-	-0.06	-	-0.43	-4.29
Financing Cash Flow	9	-0.12	23.31	-0.13	12.19	87.97
Foreign Exchange Rate Adjustments	0.74	0.62	-0.12	0.3	-0.05	-1.86
Net Cash Flow	23.01	-2.06	4.03	-8.12	-20.17	28.42
Free Cash Flow	-20.47	-17.15	-22.11	-23.99	-32.48	-57.82
Free Cash Flow Per Share	-0.04	-0.03	-0.04	-0.04	-0.06	-0.12
Levered Free Cash Flow	31.25	7.62	0.67	-14.06	-21.61	-35.27
Unlevered Free Cash Flow	31.82	8.14	0.72	-14.02	-21.57	-35.19
Change in Working Capital	1.85	1.36	-1.01	-1.83	-3.97	-5.74

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