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CONDENSED CONSOLIDATED STATEMENTS OF CASH FLOWS - USD ($)
$ in Millions
6 Months Ended
Jun. 30, 2019
Jun. 30, 2018
Cash flows from operating activities    
Net income $ 129.2 $ 118.2
Adjustments to reconcile net income to net cash provided by operating activities:    
Depletion and depreciation 119.8 120.2
Non-cash costs of sales   3.7
Share-based payments 2.6 2.6
Unrealized foreign exchange gain (0.1) (0.1)
Deferred income tax expense 5.3 11.8
Other non-cash items (1.9) (0.6)
Acquisition of gold bullion (15.6) (13.3)
Proceeds from sale of gold bullion 17.9 6.3
Operating cash flows before changes in non-cash working capital 257.2 248.8
Changes in non-cash working capital:    
Decrease in receivables 4.7 3.6
Increase in prepaid expenses and other (5.4) (2.5)
Increase (decrease) in current liabilities 6.2 (1.1)
Net cash provided by operating activities 262.7 248.8
Cash flows from investing activities    
Acquisition of royalty, stream and working interests (95.6) (613.4)
Acquisition of energy well equipment (0.5) (0.6)
Proceeds from sale of investments 6.3  
Net cash used in investing activities (89.8) (614.0)
Cash flows from financing activities    
Proceeds from draw of term loan 160.0  
Proceeds from draw of credit facilities 275.0  
Repayment of credit facilities (210.0)  
Credit facility amendment costs (0.8) (0.5)
Payment of dividends (70.0) (70.6)
Proceeds from exercise of stock options 2.5  
Net cash provided by (used in) financing activities 156.7 (71.1)
Effect of exchange rate changes on cash and cash equivalents (0.4) (2.7)
Net change in cash and cash equivalents 329.2 (439.0)
Cash and cash equivalents at beginning of period 69.7 511.1
Cash and cash equivalents at end of period 398.9 72.1
Supplemental cash flow information:    
Cash paid for interest expense and loan standby fees 4.4 1.1
Income taxes paid $ 25.1 $ 16.0