Wheaton Precious Metals Cash Flow Statement

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

Millions USD. Fiscal year is Jan - Dec.

Fiscal Year	TTM	FY 2025	FY 2024	FY 2023	FY 2022	FY 2021
Period Ending	Mar '26 Mar 31, 2026	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	1,800	1,472	529.14	537.64	669.13	754.89
Depreciation & Amortization	305.46	305.17	357.16	215.93	224.93	99.97
Loss (Gain) From Sale of Assets	-85.72	-85.72	-	-5.03	-155.87	-
Loss (Gain) From Sale of Investments	-	-	-	0.03	1.03	2.1
Stock-Based Compensation	1.18	15.3	12.14	6.07	1.65	2.34
Other Operating Activities	293.21	228.93	124.71	-5.75	0.98	-6.07
Change in Accounts Receivable	-10.78	-40.2	4.39	-0.26	2.02	-5.7
Change in Inventory	-	-	-	-	-	-4.44
Change in Accounts Payable	6.5	8.96	-0.01	0.87	-1.32	1.1
Change in Other Net Operating Assets	0.38	0.83	0.05	1.31	0.87	0.97
Operating Cash Flow	2,310	1,905	1,028	750.81	743.42	845.15
Operating Cash Flow Growth	97.61%	85.39%	36.86%	0.99%	-12.04%	10.41%
Capital Expenditures	-1,307	-1,341	-628.23	-664.53	-153.43	-522.39
Sale of Property, Plant & Equipment	101.73	101.73	-	46.4	131.76	-
Sale (Purchase) of Intangibles	-	-	-30.1	-11.34	-	-3.57
Investment in Securities	268.94	-39.87	156.85	-17.25	-22.77	122.3
Other Investing Activities	3.83	0.37	13.17	0.07	0.14	-0.55
Investing Cash Flow	-932.28	-1,279	-488.3	-646.65	-44.3	-404.22
Long-Term Debt Repaid	-	-0.51	-0.59	-0.69	-0.8	-195.78
Net Debt Issued (Repaid)	-0.54	-0.51	-0.59	-0.69	-0.8	-195.78
Issuance of Common Stock	5.5	7.27	13.19	12.42	10.37	7.95
Common Dividends Paid	-296.37	-296.37	-279.05	-265.11	-237.1	-218.05
Other Financing Activities	-4	-0.96	-0.94	-0.86	-1.36	-1.73
Financing Cash Flow	-295.41	-290.56	-267.39	-254.24	-228.89	-407.61
Foreign Exchange Rate Adjustments	-3.4	0.15	-0.25	0.52	-0.2	0.04
Net Cash Flow	1,079	335.43	271.64	-149.56	470.04	33.36
Free Cash Flow	1,003	563.61	399.35	86.28	590	322.75
Free Cash Flow Growth	10.50%	41.13%	362.84%	-85.38%	82.80%	-57.73%
Free Cash Flow Margin	36.54%	24.35%	31.09%	8.49%	55.40%	26.86%
Free Cash Flow Per Share	2.21	1.24	0.88	0.19	1.30	0.71
Cash Interest Paid	0.44	0.43	0.29	0.19	0.09	0.43
Cash Income Tax Paid	1.59	3.65	-8.52	6.19	0.17	0.28
Levered Free Cash Flow	639.69	75.48	130.29	-118.31	416.07	52.79
Unlevered Free Cash Flow	639.97	75.75	130.46	-118.18	416.13	53.01
Change in Working Capital	-3.89	-30.41	4.43	1.91	1.57	-8.07

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