Steppe Gold Ltd. (TSX:STGO)

Steppe Gold Cash Flow Statement

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

Fiscal Year	FY 2025	FY 2024	FY 2023	FY 2022	FY 2021
Period Ending	Dec 31, 2025	Dec 31, 2024	Dec 31, 2023	Dec 31, 2022	Dec 31, 2021
Net Income	32.7	61.32	72.26	17.54	-22.68
Depreciation & Amortization	16.3	15.73	18.23	4.21	2.78
Stock-Based Compensation	-	-	-	2.67	1.62
Other Adjustments	68.1	-12.97	-1.51	-10.59	20.97
Change in Receivables	-0.83	18.78	0.13	2.96	-2.45
Changes in Inventories	-3.6	3.14	-4.36	-2.59	-10.5
Changes in Accounts Payable	43.69	-2.89	-2.76	4.51	3.21
Changes in Income Taxes Payable	-42.03	-16.42	-9.95	-	-
Operating Cash Flow	114.33	66.7	72.03	18.72	-7.04
Operating Cash Flow Growth	71.42%	-7.41%	284.89%	-	-
Capital Expenditures	-29.74	-14.17	-10.3	-5.92	-8.92
Sale of Property, Plant & Equipment	-	-	0.28	-	-
Purchases of Investments	-	-	-3.09	-	-
Payments for Business Acquisitions	-	2.1	-	-	-
Proceeds from Business Divestments	4.23	-	-	-	-
Other Investing Activities	-	-	-	-	5.03
Investing Cash Flow	-25.51	-12.06	-13.11	-5.92	-3.88
Long-Term Debt Issued	-	68.92	-	4.8	68.12
Long-Term Debt Repaid	-60.92	-30.57	-34.15	-77.68	-11.4
Net Long-Term Debt Issued (Repaid)	-60.92	38.35	-34.15	-72.88	56.71
Issuance of Common Stock	-	-	-	-	0.61
Net Common Stock Issued (Repurchased)	-	-	-	-	0.61
Common Dividends Paid	-1.9	-60.5	-	-	-
Other Financing Activities	-4.84	-0.26	-11.87	59.69	-58.8
Financing Cash Flow	-67.66	-22.4	-46.01	-13.19	-1.47
Effect of Exchange Rate Changes on Cash and Cash Equivalents	-	-	-	0.28	-0.06
Net Cash Flow	21.16	32.23	12.91	-0.13	-12.45
Free Cash Flow	84.59	52.53	61.73	12.79	-15.95
Free Cash Flow Growth	61.03%	-14.91%	382.55%	-	-
FCF Margin	33.28%	29.49%	46.75%	20.51%	-66.34%
Free Cash Flow Per Share	0.33	0.27	0.43	0.15	-0.17
Levered Free Cash Flow	-43.56	85.09	13.05	-56.72	20.67
Unlevered Free Cash Flow	40.05	51.82	43.93	14.28	-14.24

Updated Apr 1, 2026. Data Source: Fiscal.ai. Standard template. Financial Sources.