XML 32 R4.htm IDEA: XBRL DOCUMENT v3.22.4
Consolidated Statements of Cash Flows - USD ($)
$ in Millions
 12 Months Ended
Dec. 31, 2022
Dec. 31, 2021
Cash flows from operating activities    
Net income $ 700.6 $ 733.7
Adjustments to reconcile net income to net cash provided by operating activities:    
Depletion and depreciation 286.2 299.6
Share-based compensation expenses 8.2 8.0
Impairment reversals   (68.0)
Unrealized foreign exchange loss 3.3 1.5
Deferred income tax expense 37.4 37.1
Other non-cash items (3.5) (3.0)
Acquisition of gold bullion (46.7) (40.0)
Proceeds from sale of gold bullion 51.6 27.5
Changes in other assets (26.7) (10.7)
Operating cash flows before changes in non-cash working capital 1,010.4 985.7
Changes in non-cash working capital:    
Increase in receivables (15.9) (26.4)
Increase in prepaid expenses and other (3.2) (2.4)
Increase (decrease) in current liabilities 8.2 (1.5)
Net cash provided by operating activities 999.5 955.4
Cash flows used in investing activities    
Acquisition of royalty, stream and working interests (139.6) (758.7)
Acquisition of investments (48.5) (17.2)
Acquisition of energy well equipment (1.9) (1.8)
Proceeds from settlement of loan receivable 42.7  
Proceeds from sale of investments 1.8 12.7
Net cash used in investing activities (145.5) (765.0)
Cash flows used in financing activities    
Payment of dividends (197.6) (179.6)
Proceeds from draw of revolving credit facilities   150.0
Repayment of revolving credit facilities   (150.0)
Credit facility amendment costs (0.9) (1.0)
Proceeds from exercise of stock options 9.5 0.4
Net cash used in financing activities (189.0) (180.2)
Effect of exchange rate changes on cash and cash equivalents (7.8) (5.1)
Net change in cash and cash equivalents 657.2 5.1
Cash and cash equivalents at beginning of year 539.3 534.2
Cash and cash equivalents at end of year 1,196.5 539.3
Supplemental cash flow information:    
Dividend income received 19.7 30.2
Interest and standby fees paid 2.4 2.4
Income taxes paid $ 95.1 $ 93.5