Sandstorm Gold 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	Jun '25 Jun 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	34.42	14.29	41.72	78.36	27.62	13.82
Depreciation & Amortization	58.31	62.31	75.93	61.33	36.59	34.63
Loss (Gain) From Sale of Assets	3.11	3.69	-0.32	-25.83	-	-
Asset Writedown & Restructuring Costs	-	-	-	-	-	7.86
Loss (Gain) From Sale of Investments	1.33	4.63	-15.67	-39.15	1.66	-3.83
Loss (Gain) on Equity Investments	-	-	-	3.65	0.94	-
Stock-Based Compensation	7.03	7.85	7.62	6.1	6	5.65
Other Operating Activities	48.17	46.2	41.79	25.35	10.67	10.21
Change in Accounts Receivable	-6.58	-2.58	1.49	-5.5	-4.21	-0.55
Change in Accounts Payable	2.06	-1.01	0.2	2.61	1.87	-2.17
Operating Cash Flow	147.85	135.38	152.75	106.92	81.14	65.62
Operating Cash Flow Growth	7.58%	-11.38%	42.87%	31.77%	23.66%	14.44%
Capital Expenditures	-4.84	-13	-20.94	-620.79	-152.7	-3.48
Sale of Property, Plant & Equipment	10.02	14.39	23.55	38.11	-	-
Investment in Securities	2.83	9.56	-24.79	-30	8.79	37.15
Investing Cash Flow	8	10.94	-22.18	-612.67	-143.91	33.68
Long-Term Debt Issued	-	22	41.5	653.12	-	41
Total Debt Issued	38	22	41.5	653.12	-	41
Long-Term Debt Repaid	-	-102	-104	-212.37	-	-86
Total Debt Repaid	-111	-102	-104	-212.37	-	-86
Net Debt Issued (Repaid)	-73	-80	-62.5	440.75	-	-45
Issuance of Common Stock	-	-	-	86.03	-	77.58
Repurchase of Common Stock	-34.97	-16.56	-15.97	-0.42	-33.05	-23.52
Common Dividends Paid	-16.99	-17.51	-17.74	-13.64	-	-
Other Financing Activities	-28.91	-32.67	-35.72	-15.16	-1.17	-1.36
Financing Cash Flow	-153.88	-146.74	-131.93	497.56	-34.22	7.69
Foreign Exchange Rate Adjustments	-0.07	-0.2	-0.67	-0.95	-0.62	-0.18
Net Cash Flow	1.9	-0.61	-2.03	-9.14	-97.61	106.81
Free Cash Flow	143	122.38	131.81	-513.87	-71.56	62.14
Free Cash Flow Growth	16.28%	-7.16%	-	-	-	-
Free Cash Flow Margin	73.87%	69.42%	73.38%	-345.50%	-62.30%	66.80%
Free Cash Flow Per Share	0.48	0.41	0.44	-2.19	-0.36	0.32
Cash Interest Paid	28.91	32.67	35.72	15.16	1.17	1.36
Levered Free Cash Flow	88.61	78.6	73.49	-534.67	-83.76	56.04
Unlevered Free Cash Flow	107.36	100.5	98.19	-523.86	-82.43	57.35
Change in Working Capital	-4.52	-3.59	1.7	-2.89	-2.34	-2.72

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