Ivanhoe Mines 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	306.21	228.14	318.93	410.86	55.24	-19.88
Depreciation & Amortization	65.73	19.67	2.3	5.87	9.59	8.35
Loss (Gain) From Sale of Assets	0.18	-	-	0.03	0.45	0.07
Loss (Gain) From Sale of Investments	-2.66	2.04	3.39	3.63	0.27	-0.27
Loss (Gain) on Equity Investments	-208.58	-291.91	-274.83	-254.18	-105.74	26.8
Stock-Based Compensation	16.04	27.92	29.27	27.22	20	15.51
Provision & Write-off of Bad Debts	-	-	-	1.02	-	0.72
Other Operating Activities	-249.57	-73.3	-119.13	-23.73	12.29	-92.51
Change in Accounts Receivable	-86.75	-48.35	-16.75	-5.05	-4.26	1.6
Change in Inventory	-7.19	-76.2	-0.51	-0.02	0.02	0.04
Change in Accounts Payable	-11.6	28.58	47.3	34.84	4.12	-0.35
Change in Other Net Operating Assets	4.96	30.99	-21.52	-23.52	0.93	-0.57
Operating Cash Flow	-173.22	-152.43	-31.57	176.97	-7.09	-60.47
Capital Expenditures	-338.75	-491.71	-477.9	-158.66	-52.04	-41.88
Sale of Property, Plant & Equipment	1.85	0.12	5.35	0.12	0.28	2.1
Sale (Purchase) of Intangibles	-	-	-	-	-0.56	-0.11
Investment in Securities	-65.08	0.75	-0.04	-13.37	-3.2	-6.73
Other Investing Activities	-4.84	-4.57	-4.4	-1.73	-153.06	-333.61
Investing Cash Flow	-406.82	-495.41	-477	-173.63	-208.58	-380.31
Long-Term Debt Issued	-	306	98.18	-	564.53	-
Long-Term Debt Repaid	-	-85.86	-1.8	-0.71	-0.72	-0.86
Net Debt Issued (Repaid)	923.02	220.14	96.39	-0.71	563.82	-0.86
Issuance of Common Stock	568.47	3.5	434.81	5.52	6.46	2.29
Other Financing Activities	-36.17	-16.69	-30.92	-14.38	-8.31	-0.3
Financing Cash Flow	1,455	206.95	500.27	-9.57	561.97	1.13
Foreign Exchange Rate Adjustments	0.37	-16.06	-14.86	-4.49	-0.95	-0.34
Net Cash Flow	875.66	-456.95	-23.16	-10.73	345.35	-439.99
Free Cash Flow	-511.97	-644.14	-509.47	18.32	-59.13	-102.35
Free Cash Flow Margin	-148.83%	-1578.09%	-	-	-	-
Free Cash Flow Per Share	-0.38	-0.49	-0.41	0.01	-0.05	-0.09
Cash Interest Paid	69.62	27.8	17.39	14.52	8.4	0.09
Cash Income Tax Paid	3.44	3.3	0.62	0.01	0.07	0.13
Levered Free Cash Flow	-472.48	-947.82	-181.89	-157.31	-120.24	-136.36
Unlevered Free Cash Flow	-449.24	-917.11	-162.21	-133.5	-97.4	-135.29
Change in Working Capital	-100.57	-64.99	8.52	6.26	0.81	0.73

Updated Sep 30, 2025. Source: S&P Global Market Intelligence. Standard template. Financial Sources.