Ecora Royalties 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	22.18	-9.83	0.85	94.64	37.48
Depreciation & Amortization	14.1	8.58	8.15	9.71	15.12
Other Amortization	0.02	0.02	1.22	0.02	0.02
Loss (Gain) From Sale of Assets	-	-	-	-	19.19
Asset Writedown & Restructuring Costs	13.02	38.13	28.52	-23.75	-7.81
Stock-Based Compensation	0.44	1.83	0.9	0.71	0.33
Other Operating Activities	-14.19	-10.57	-15.48	37.25	2.25
Change in Accounts Receivable	-2.02	1.71	9.73	8.22	-11.64
Change in Accounts Payable	1.56	-0.28	-0.35	5.7	0.84
Operating Cash Flow	35.11	29.6	33.54	132.5	55.78
Operating Cash Flow Growth	18.62%	-11.76%	-74.69%	137.53%	158.96%
Capital Expenditures	-51.13	-1.5	-0.11	-3.86	-207.74
Sale of Property, Plant & Equipment	16.16	-	0.08	1.31	2.51
Cash Acquisitions	-0.02	-0.45	0.05	-	-0.02
Sale (Purchase) of Intangibles	11.46	-6.85	-51.67	-54.33	4.4
Investment in Securities	-	-0.71	6.13	-	62.98
Other Investing Activities	0.25	0.26	0.15	0.01	0
Investing Cash Flow	-20.74	-6.26	-43.17	-54.01	-136.61
Long-Term Debt Issued	51.5	21.27	96	49.5	123.5
Long-Term Debt Repaid	-49.86	-12.83	-56.21	-119.56	-72.76
Net Debt Issued (Repaid)	1.64	8.45	39.79	-70.06	50.74
Issuance of Common Stock	-	-	-	0.92	62.13
Repurchase of Common Stock	-	-10	-	-	-
Common Dividends Paid	-6.94	-10.84	-22.06	-19.38	-25.37
Other Financing Activities	-9.87	-10.31	-6.01	-4.21	-10.87
Financing Cash Flow	-15.17	-22.7	11.72	-92.74	76.63
Foreign Exchange Rate Adjustments	0.72	-0.61	-0.09	-1.89	-1.32
Net Cash Flow	-0.09	0.03	2	-16.14	-5.52
Free Cash Flow	-16.02	28.09	33.43	128.64	-151.96
Free Cash Flow Growth	-	-15.97%	-74.01%	-	-
Free Cash Flow Margin	-28.67%	47.13%	54.00%	90.67%	-178.16%
Free Cash Flow Per Share	-0.06	0.11	0.13	0.55	-0.73
Cash Interest Paid	9.87	10.31	6.01	4.21	10.87
Cash Income Tax Paid	7.51	23.61	23.38	12.05	7.67
Levered Free Cash Flow	-1.9	-6.03	-48.03	92.94	-172.91
Unlevered Free Cash Flow	4.07	-0.98	-44.84	96.48	-168.3
Change in Working Capital	-0.46	1.43	9.39	13.92	-10.8

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