B2Gold Corp. (TSX:BTO)
Canada · Delayed Price · Currency is CAD 7.01
-0.04 (-0.57%)
Nov 13, 2026, 4:00 PM EST
B2Gold Cash Flow Statement
Financials in millions USD. Fiscal year is January - December.
Millions USD. Fiscal year is Jan - Dec.
Operating Activities
Fiscal Year | TTM | FY 2025 | FY 2024 | FY 2023 | FY 2022 | FY 2021 |
|---|---|---|---|---|---|---|
Period Ending | Sep '26 Sep 30, 2026 | 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 | 1,197 | 401.91 | -629.89 | 10.1 | 252.87 | 420.07 |
Depreciation & Amortization | 550.41 | 445.95 | 1,187 | 422.28 | 398.79 | 381.39 |
Loss (Gain) From Sale of Assets | -286.12 | 6.26 | -54.92 | - | 2.8 | -22.46 |
Asset Writedown & Restructuring Costs | -203.78 | - | 57.86 | 334.3 | -0.91 | 5.91 |
Loss (Gain) From Sale of Investments | -28.21 | - | -7.84 | 0.94 | - | - |
Loss (Gain) on Equity Investments | -8.75 | - | - | -19.87 | -10.18 | -17.54 |
Stock-Based Compensation | 26.12 | 22.94 | 24.34 | 18.17 | 24.68 | 22.57 |
Other Operating Activities | -167.39 | 63.41 | 584.27 | 75.95 | 43.82 | 40.12 |
Change in Accounts Receivable | -27 | -12.68 | -0.22 | 0.15 | -3.92 | 0.57 |
Change in Inventory | 5.49 | -83.63 | -130.34 | -24.33 | -50.27 | -24.04 |
Change in Accounts Payable | 23.98 | 69.04 | -1.24 | -21.38 | 1.19 | 12.08 |
Change in Income Taxes | 115.28 | 219.53 | -21.18 | 49.66 | 0.99 | -44.4 |
Change in Other Net Operating Assets | -211.08 | -236.88 | -129.81 | -131.51 | -64.07 | -50.13 |
Operating Cash Flow | 985.71 | 895.84 | 877.6 | 714.45 | 595.8 | 724.11 |
Operating Cash Flow Growth | 35.03% | 2.08% | 22.84% | 19.91% | -17.72% | -23.83% |
Investing Activities
Fiscal Year | TTM | FY 2025 | FY 2024 | FY 2023 | FY 2022 | FY 2021 |
|---|---|---|---|---|---|---|
Period Ending | Sep '26 Sep 30, 2026 | 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 |
Capital Expenditures | -685.85 | -830.91 | -901.26 | -824.86 | -382.18 | -278.43 |
Sale of Property, Plant & Equipment | 324.89 | - | 7.5 | - | - | 31.68 |
Cash Acquisitions | - | - | - | 31.38 | -23.05 | - |
Divestitures | - | - | - | - | 45 | - |
Investment in Securities | -42.7 | -52.66 | 139.1 | -39.66 | -15.89 | -29.83 |
Other Investing Activities | -4.31 | -9.17 | -8.64 | -12.2 | -12.67 | -9.7 |
Investing Cash Flow | -407.97 | -892.74 | -763.3 | -845.34 | -388.78 | -286.28 |
Financing Activities
Fiscal Year | TTM | FY 2025 | FY 2024 | FY 2023 | FY 2022 | FY 2021 |
|---|---|---|---|---|---|---|
Period Ending | Sep '26 Sep 30, 2026 | 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 |
Short-Term Debt Issued | - | - | - | - | - | 5.31 |
Long-Term Debt Issued | - | 663.25 | 453.53 | 150 | - | - |
Total Debt Issued | 120.59 | 663.25 | 453.53 | 150 | - | 5.31 |
Long-Term Debt Repaid | - | -486.08 | -217.57 | -19.49 | -26.42 | -32.69 |
Lease Payments | -23.32 | -22.08 | -6.53 | -6.19 | - | - |
Net Debt Issued (Repaid) | -135.99 | 177.16 | 235.96 | 130.51 | -26.42 | -27.37 |
Issuance of Common Stock | 89.69 | 80 | 13.2 | 12.85 | 14.28 | 6.44 |
Repurchase of Common Stock | -205.16 | -9.85 | - | - | - | - |
Common Dividends Paid | -104.08 | -103.44 | -184.63 | -186.72 | -170.64 | -168.37 |
Other Financing Activities | -266.79 | -85.23 | -133.59 | -149.15 | -28.51 | -44.92 |
Financing Cash Flow | -622.32 | 58.65 | -69.07 | -192.51 | -211.29 | -234.23 |
Net Cash Flow
Fiscal Year | TTM | FY 2025 | FY 2024 | FY 2023 | FY 2022 | FY 2021 |
|---|---|---|---|---|---|---|
Period Ending | Sep '26 Sep 30, 2026 | 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 |
Foreign Exchange Rate Adjustments | -31.75 | -18.29 | -15.16 | -21.66 | -16.78 | -10.29 |
Net Cash Flow | -76.33 | 43.45 | 30.08 | -345.05 | -21.05 | 193.31 |
Free Cash Flow
Fiscal Year | TTM | FY 2025 | FY 2024 | FY 2023 | FY 2022 | FY 2021 |
|---|---|---|---|---|---|---|
Period Ending | Sep '26 Sep 30, 2026 | 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 |
Free Cash Flow | 299.85 | 64.93 | -23.66 | -110.41 | 213.62 | 445.68 |
Free Cash Flow Growth | - | - | - | - | -52.07% | -27.83% |
Free Cash Flow Margin | 7.81% | 2.12% | -1.24% | -5.71% | 12.33% | 25.29% |
Free Cash Flow Per Share | 0.20 | 0.04 | -0.02 | -0.09 | 0.20 | 0.42 |
Levered Free Cash Flow | 344.7 | 596.06 | 253.34 | -48.46 | 363.84 | 425.44 |
Unlevered Free Cash Flow | 388.68 | 619.62 | 275.12 | -39.76 | 370.62 | 432.82 |
Free Cash Flow After Leases | 276.53 | 42.85 | -30.19 | -116.59 | 213.62 | 445.68 |
Additional Metrics
Fiscal Year | TTM | FY 2025 | FY 2024 | FY 2023 | FY 2022 | FY 2021 |
|---|---|---|---|---|---|---|
Period Ending | Sep '26 Sep 30, 2026 | 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 |
Cash Interest Paid | 24.74 | 18.45 | 11.65 | 4.58 | 4.46 | 6.23 |
Cash Income Tax Paid | 698 | 502 | 360 | 239 | 239 | 324 |
Change in Working Capital | -93.33 | -44.62 | -282.78 | -127.42 | -116.08 | -105.93 |