XML 39 R4.htm IDEA: XBRL DOCUMENT v3.20.4
Consolidated Statements of Cash Flows - USD ($)
$ in Millions
 12 Months Ended
Dec. 31, 2020
Dec. 31, 2019
Cash flows from operating activities    
Net income $ 326.2 $ 344.1
Adjustments to reconcile net income to net cash provided by operating activities:    
Depletion and depreciation 241.0 263.2
Share-based payments 5.6 4.9
Impairment charges and reversals 262.1  
Unrealized foreign exchange loss 0.4  
Deferred income tax (recovery) expense (35.2) 22.7
Other non-cash items (12.0) (7.8)
Acquisition of gold bullion (37.9) (31.8)
Proceeds from sale of gold bullion 52.7 36.2
Operating cash flows before changes in non-cash working capital 802.9 631.5
Changes in non-cash working capital:    
Decrease (increase) in receivables 4.4 (22.3)
Decrease (increase) in prepaid expenses and other 1.4 (14.3)
(Decrease) increase in current liabilities (4.8) 22.8
Net cash provided by operating activities 803.9 617.7
Cash flows from investing activities    
Acquisition of royalty, stream and working interests (311.1) (443.9)
Acquisition of energy well equipment (1.5) (1.3)
Proceeds from sale of investments 3.6 13.0
Acquisition of investments   (3.9)
Net cash used in investing activities (309.0) (436.1)
Cash flows from financing activities    
Proceeds from at-the-market equity offerings 135.7 136.0
Repayment of term loan (80.0) (80.0)
Proceeds from draw of term loan   160.0
Repayment of revolving credit facilities   (485.0)
Proceeds from draw of credit facilities   275.0
Credit facility amendment costs   (0.8)
Payment of dividends (154.9) (138.2)
Proceeds from exercise of stock options 7.4 13.2
Net cash used in financing activities (91.8) (119.8)
Effect of exchange rate changes on cash and cash equivalents (1.0) 0.6
Net change in cash and cash equivalents 402.1 62.4
Cash and cash equivalents at beginning of year 132.1 69.7
Cash and cash equivalents at end of year 534.2 132.1
Supplemental cash flow information:    
Cash paid for interest expense and loan standby fees 2.4 9.5
Income taxes paid $ 51.2 $ 38.6