Natural Resource Partners Cash Flow Statement

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

Millions USD. Fiscal year is Jan - Dec.

Fiscal Year	FY 2025	FY 2024	FY 2023	FY 2022	FY 2021
Period Ending	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	133.64	180.55	274.42	263.72	107.36
Depreciation & Amortization	14.96	15.62	19.05	26.98	24.18
Other Amortization	-3.34	-	-	-	2.27
Loss (Gain) From Sale of Assets	-1.88	-4.85	-2.96	-1.08	-0.25
Asset Writedown & Restructuring Costs	0.02	-	-	-	-
Loss (Gain) on Equity Investments	4.78	20.65	8.08	-14.96	-10.6
Stock-Based Compensation	11.12	11.31	10.91	5.77	4.04
Provision & Write-off of Bad Debts	0.75	4.18	2.24	1.06	2.57
Other Operating Activities	2.73	1.59	5.32	17.65	1.55
Change in Accounts Receivable	2.31	7.29	-0.16	-18.67	-14.42
Change in Accounts Payable	0.25	0.03	-1.11	0.04	0.57
Change in Unearned Revenue	4.58	17.2	-3.48	-15.42	0.31
Change in Other Net Operating Assets	-4.04	-5.07	-1.33	1.76	4.23
Operating Cash Flow	165.86	248.49	310.98	266.84	121.8
Operating Cash Flow Growth	-33.25%	-20.09%	16.54%	119.07%	36.44%
Capital Expenditures	-	-	-0.01	-0.12	-
Sale of Property, Plant & Equipment	1.88	4.85	2.96	1.08	0.25
Other Investing Activities	2.89	2.67	2.46	1.72	2.16
Investing Cash Flow	4.77	7.51	5.42	2.69	2.41
Long-Term Debt Issued	46.7	167.85	248.83	70	-
Long-Term Debt Repaid	-155.83	-181.03	-262.4	-339.4	-39.4
Net Debt Issued (Repaid)	-109.13	-13.18	-13.56	-269.4	-39.4
Preferred Dividends Paid	-	-6.4	-22.07	-30.26	-15.57
Common Dividends Paid	-56.44	-70.7	-68.51	-33.7	-22.19
Dividends Paid	-56.44	-77.1	-90.58	-63.96	-37.76
Other Financing Activities	-5.36	-75.6	-61.02	-13.28	-11.33
Financing Cash Flow	-170.93	-237.55	-343.5	-365.96	-88.49
Net Cash Flow	-0.3	18.46	-27.1	-96.43	35.73
Free Cash Flow	165.86	248.49	310.97	266.72	121.8
Free Cash Flow Growth	-33.25%	-20.09%	16.59%	118.98%	36.44%
Free Cash Flow Margin	80.02%	101.42%	105.90%	81.30%	62.70%
Free Cash Flow Per Share	12.46	18.21	19.32	13.57	5.49
Cash Interest Paid	-	15.45	13.86	25.27	37.38
Levered Free Cash Flow	100.63	135.84	155.37	147.54	77.83
Unlevered Free Cash Flow	108.96	145.56	164.18	163.96	99.86
Change in Working Capital	3.1	19.44	-6.08	-32.3	-9.31

Updated Dec 31, 2025. Source: S&P Global Market Intelligence. Standard template. Financial Sources.

SEC Filings: 10-K · 10-Q