First Quantum Minerals Cash Flow Statement

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

Millions USD. Fiscal year is Jan - Dec.

Fiscal Year	TTM	FY 2024	FY 2023	FY 2022	FY 2021	FY 2020
Period Ending	Sep '25 Sep 30, 2025	Dec '24 Dec 31, 2024	Dec '23 Dec 31, 2023	Dec '22 Dec 31, 2022	Dec '21 Dec 31, 2021	Dec '20 Dec 31, 2020
Net Income	46	2	-954	1,034	832	-180
Depreciation & Amortization	689	666	1,160	1,244	1,152	1,210
Asset Writedown & Restructuring Costs	2	75	900	-	44	-
Loss (Gain) on Equity Investments	78	85	18	-44	-75	45
Stock-Based Compensation	37	35	-101	-82	33	31
Other Operating Activities	1,874	1,018	296	396	917	693
Change in Accounts Receivable	-56	50	277	-111	-31	-
Change in Inventory	-65	-5	-147	-144	-24	-
Change in Accounts Payable	96	-275	-22	39	37	-
Change in Other Net Operating Assets	-	-	-	-	-	-186
Operating Cash Flow	2,701	1,651	1,427	2,332	2,885	1,613
Operating Cash Flow Growth	205.89%	15.70%	-38.81%	-19.17%	78.86%	81.44%
Capital Expenditures	-1,249	-1,340	-1,326	-1,191	-999	-610
Cash Acquisitions	-	-	-105	-	-	-
Investment in Securities	-	-	-	-	-100	-100
Other Investing Activities	20	46	51	21	1	37
Investing Cash Flow	-1,229	-1,294	-1,380	-1,170	-1,098	-673
Short-Term Debt Issued	-	-	24	89	-	49
Long-Term Debt Issued	-	2,967	2,759	2,532	3,204	4,017
Total Debt Issued	2,726	2,967	2,783	2,621	3,204	4,066
Short-Term Debt Repaid	-	-28	-	-	-280	-
Long-Term Debt Repaid	-	-4,004	-2,909	-3,209	-3,442	-4,003
Total Debt Repaid	-3,358	-4,032	-2,909	-3,209	-3,722	-4,003
Net Debt Issued (Repaid)	-632	-1,065	-126	-588	-518	63
Issuance of Common Stock	-	1,103	-	-	-	-
Common Dividends Paid	-	-	-93	-75	-5	-5
Other Financing Activities	-571	-539	-557	-668	-318	-601
Financing Cash Flow	-1,203	-501	-776	-1,331	-841	-543
Foreign Exchange Rate Adjustments	-2	-3	-	-2	-1	-6
Net Cash Flow	267	-147	-729	-171	945	391
Free Cash Flow	1,452	311	101	1,141	1,886	1,003
Free Cash Flow Growth	-	207.92%	-91.15%	-39.50%	88.04%	-
Free Cash Flow Margin	28.94%	6.48%	1.56%	14.96%	26.15%	19.78%
Free Cash Flow Per Share	1.75	0.38	0.15	1.65	2.73	1.46
Cash Interest Paid	547	519	527	448	521	574
Cash Income Tax Paid	294	128	625	548	455	313
Levered Free Cash Flow	-20.38	-458.75	286.25	397.75	1,198	1,051
Unlevered Free Cash Flow	303.38	-111.25	629.38	762.75	1,604	1,546
Change in Working Capital	-25	-230	108	-216	-18	-186

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