XML 14 R3.htm IDEA: XBRL DOCUMENT v3.22.1
Condensed Consolidated Statements of Cash Flows - USD ($)
$ in Thousands
3 Months Ended
Mar. 31, 2022
Mar. 31, 2021
Operating activities        
Net income $ 76,106 $ 127,451
Adjustments for:      
Depreciation, depletion, and amortization 58,742 53,779
Amortization of debt discount 227 220
Reclamation costs 1,311 1,205
Deferred income taxes (16,404) (23,024)
Stock-based compensation 4,849 (1,699)
Equity pickup on investments in joint ventures 253 1,178
Unrealized gain on derivative instruments (364) (2,583)
Change in fair value of marketable securities 923 586
Non-cash fair value adjustment on acquired inventories 4,540 16,069
Loss (gain) on sale of mineral properties, plant and equipment 584 22
Net change in operating assets and liabilities   (68,580) (45,701)
Net cash provided by operating activities 62,187 127,503
Investing activities    
Additions to mineral properties, plant and equipment (34,492) (55,711)
Net proceeds from sales of marketable securities 6,607 0
Proceeds from sale of mineral properties, plant and equipment 0 149
Other investing activities 0 (172)
Net cash used in investing activities (27,885) (55,734)
Financing activities     
Repayment of debt, principal (17,781) (17,500)
Proceeds from exercise of stock options 2,398 2,750
Principal payments on finance leases (7,293) (2,158)
Non-controlling interest dividend (30,773) (38,084)
Dividends paid 0 (10,992)
Other financing activities 0 (423)
Net cash used in financing activities (53,449) (66,407)
Effect of foreign exchange rate changes on cash and cash equivalents 583 22
Net increase (decrease) in cash, cash equivalents, and restricted cash (18,564) 5,384
Cash, cash equivalents, and restricted cash, beginning of period 1,052,865 895,921
Cash, cash equivalents, and restricted cash, end of period 1,034,301 901,305
Reconciliation of cash, cash equivalents, and restricted cash:    
Cash and cash equivalents 998,986 866,015
Restricted cash 35,315 35,290
Total cash, cash equivalents, and restricted cash $ 1,034,301 $ 901,305