RGLD: the cash flow

MyFinsight

For the year ending 2025-12-31, RGLD had $38,221K increase in cash & cash equivalents over the period.

Cash Flow	2025-12-31
Net income	471,576
Depreciation, depletion and amortization	177,082
Non-cash employee stock compensation expense	11,805
Fair value changes in equity securities	327
Loss on marketable securities	-50,017
Deferred tax (benefit) expense	-3,926
Other	5,302
Royalty receivables	18,124
Stream inventory	11,740
Income tax receivable	969
Prepaid expenses and other assets	-1,335
Accounts payable	-36,836
Income tax payable	10,761
Mount milligan deferred liability	44,211
Other liabilities	15,283
Net cash provided by operating activities	704,846
Sandstorm & horizon acquisition, net of cash acquired	411,342
Acquisition of stream and royalty interests	1,164,753
Proceeds from the sale of the versamet shares and other securities	158,886
Cash calls for hod maden equity method investment	9,330
Proceeds from khoemacau debt facility	0
Proceeds from the sale of inventory - restricted	7,681
Other	-299
Net cash used in investing activities	-1,418,559
Repayment of debt	375,000
Borrowings from revolving credit facility	1,275,000
Net payments from issuance of common stock	5,032
Net proceeds from sandstorm option exercises	15,333
Horizon warrant payments	28,932
Distributions to non-controlling interests	8,125
Common stock dividends	118,525
Other	-2,785
Net cash provided by (used in) financing activities	751,934
Net increase (decrease) in cash and equivalents	38,221
Cash and equivalents at beginning of period	195,498
Cash and equivalents at end of period	233,719

Unit: Thousand (K) dollars (except for numbers of shares and EPS).