First Quantum Minerals 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	2	-954	1,034	832
Depreciation & Amortization	697	666	1,160	1,244	1,152
Asset Writedown & Restructuring Costs	-23	75	900	-	44
Loss (Gain) on Equity Investments	93	85	18	-44	-75
Stock-Based Compensation	58	54	-101	-82	33
Other Operating Activities	1,770	999	296	396	917
Change in Accounts Receivable	-477	50	277	-111	-31
Change in Inventory	-40	-5	-147	-144	-24
Change in Accounts Payable	32	-275	-22	39	37
Operating Cash Flow	2,082	1,651	1,427	2,332	2,885
Operating Cash Flow Growth	26.11%	15.70%	-38.81%	-19.17%	78.86%
Capital Expenditures	-1,224	-1,340	-1,326	-1,191	-999
Cash Acquisitions	-	-	-105	-	-
Investment in Securities	-	-	-	-	-100
Other Investing Activities	23	46	51	21	1
Investing Cash Flow	-1,201	-1,294	-1,380	-1,170	-1,098
Short-Term Debt Issued	169	-	24	89	-
Long-Term Debt Issued	2,566	2,967	2,759	2,532	3,204
Total Debt Issued	2,735	2,967	2,783	2,621	3,204
Short-Term Debt Repaid	-	-28	-	-	-280
Long-Term Debt Repaid	-3,301	-4,004	-2,909	-3,209	-3,442
Total Debt Repaid	-3,301	-4,032	-2,909	-3,209	-3,722
Net Debt Issued (Repaid)	-566	-1,065	-126	-588	-518
Issuance of Common Stock	-	1,103	-	-	-
Common Dividends Paid	-	-	-93	-75	-5
Other Financing Activities	-481	-539	-557	-668	-318
Financing Cash Flow	-1,047	-501	-776	-1,331	-841
Foreign Exchange Rate Adjustments	1	-3	-	-2	-1
Miscellaneous Cash Flow Adjustments	-3	-	-	-	-
Net Cash Flow	-168	-147	-729	-171	945
Free Cash Flow	858	311	101	1,141	1,886
Free Cash Flow Growth	175.88%	207.92%	-91.15%	-39.50%	88.04%
Free Cash Flow Margin	16.38%	6.48%	1.56%	14.96%	26.15%
Free Cash Flow Per Share	1.03	0.38	0.15	1.65	2.73
Cash Interest Paid	436	519	527	448	521
Cash Income Tax Paid	378	128	625	548	455
Levered Free Cash Flow	-95.75	-458.75	286.25	397.75	1,198
Unlevered Free Cash Flow	218.63	-111.25	629.38	762.75	1,604
Change in Working Capital	-485	-230	108	-216	-18

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