Franco-Nevada Corporation (FNV) quarterly cash flow statement — complete operating, investing & financing history
Franco-Nevada Corporation (FNV) cash flow statement — 19-year operating, investing & financing cash flows
| Metric | Q2'26 | Q1'26 | Q4'25 | Q3'25 | Q2'25 | Q1'25 | Q4'24 | Q3'24 | Q2'24 | Q1'24 | Q4'23 | Q3'23 | Q2'23 | Q1'23 | Q4'22 | Q3'22 | Q2'22 | Q1'22 | Q4'21 | Q3'21 |
|---|
| Cash from Operations | 482.5M | 513.19M | 426.5M | 348M | 430.3M | 288.9M | 243M | 213.6M | 194.3M | 178.6M | 283.5M | 236M | 261.9M | 209.8M | 279.3M | 232.3M | 257.3M | 230.6M | 279M | 206.9M |
| Operating CF Margin % | 83.06% | 78.87% | 71.4% | 71.36% | 116.49% | 78.42% | 75.7% | 77.48% | 74.7% | 69.55% | 93.47% | 76.25% | 79.39% | 75.93% | 87.17% | 76.36% | 73.03% | 68.06% | 85.14% | 65.41% |
| Operating CF Growth % | 12.13% | 77.64% | 75.51% | 62.92% | 121.46% | 61.76% | -14.29% | -9.49% | -25.81% | -14.87% | 1.5% | 1.59% | 1.79% | -9.02% | 0.11% | 12.28% | 4.93% | 2.81% | 13.28% | -2.5% |
| Net Income | 354M | 462.11M | 367.7M | 287.5M | 247.1M | 209.8M | 175.4M | 152.7M | 79.5M | 144.5M | -982.5M | 175.1M | 184.5M | 156.5M | 165M | 157.1M | 196.5M | 182M | 220.9M | 166M |
| Depreciation & Amortization | 84M | 76.82M | 87.3M | 87M | 64M | 68.4M | 60M | 54.2M | 52.9M | 58.2M | 68.9M | 68.1M | 75.1M | 61M | 73.5M | 600K | 69.6M | 74.6M | 78.2M | 73M |
| Stock-Based Compensation | -3.5M | 0 | 1.5M | 1.7M | 1M | 2.1M | 1.2M | 1.3M | 1.5M | 1.4M | 800K | 1.5M | 1.7M | 1.5M | 3.6M | 1.6M | 1.4M | 1.6M | 3.5M | 1.5M |
| Deferred Taxes | 0 | 33.23M | 25.2M | 36.6M | 37.2M | 9.1M | 2.3M | 7.7M | 50.9M | 5.4M | 10M | 1.5M | 7M | 8.1M | 15.2M | 9M | 6.2M | 7M | 26.9M | -1.7M |
| Other Non-Cash Items | 43.4M | -68.34M | -65.4M | -20.1M | 79.4M | -2.4M | -2.4M | -8.9M | -5.9M | -23.8M | 1.16B | 1.5M | -13M | -2.8M | 6.3M | 68.8M | -4.5M | -24.7M | -74.3M | -9.3M |
| Working Capital Changes | 4.6M | 9.37M | 10.2M | -44.7M | 1.6M | 1.9M | 6.5M | 6.6M | 15.4M | -7.1M | 25.7M | -11.7M | 6.6M | -14.5M | 15.7M | -4.8M | -11.9M | -9.9M | 23.8M | -22.6M |
| Change in Receivables | 30M | -25.25M | -51.2M | -44M | 13.5M | -8.4M | -18.1M | -12.8M | 5.8M | -15.7M | 23.8M | 9.6M | 7.4M | -16.1M | 14.3M | -5.7M | -7.7M | -16.8M | 28M | -32.1M |
| Change in Inventory | 0 | 0 | -8.9M | 0 | 0 | 8.9M | 0 | 0 | 0 | 700K | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| Change in Payables | 0 | 37.77M | 63.8M | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| Cash from Investing | -101.4M | -392.39M | 64.1M | -208M | -1.34B | -551M | -31.1M | -279M | -36.7M | -190.5M | -104.2M | -173.7M | -160.6M | -102.6M | -98.2M | -30.9M | -14.8M | -1.6M | -36.4M | -7.1M |
| Capital Expenditures | -80.7M | -443.67M | 2.16B | -292.4M | -1.36B | -508.4M | -4.8M | -239.3M | -16.6M | -147.3M | -84.6M | -165.4M | -162M | -109.6M | -125M | -3.1M | -10.3M | -3.1M | -19.2M | -7.1M |
| CapEx % of Revenue | 13.89% | 68.18% | 361.06% | 59.95% | 368.41% | 138% | 1.5% | 86.8% | 6.38% | 57.36% | 27.89% | 53.44% | 49.11% | 39.67% | 39.01% | 1.02% | 2.92% | 0.92% | 5.86% | 2.24% |
| Acquisitions | 0 | 96.15M | -2.19B | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| Investments | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - |
| Other Investing | -20.7M | -10.06M | -9.57M | -432.46K | 10M | 0 | 0 | -24.7M | -16.9M | -36.5M | -18.7M | 0 | 0 | 7M | 0 | 0 | -4.7M | 0 | -17.2M | 0 |
| Cash from Financing | -81.2M | -79.68M | -70.3M | -64.2M | -66.1M | -66.8M | -62M | -61.1M | -59.2M | -58.1M | -59.8M | -56.8M | -56.9M | -56.6M | -43.7M | -49.1M | -48.6M | -47.6M | -46.1M | -47.3M |
| Debt Issued (Net) | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| Equity Issued (Net) | 0 | 394.46K | 3.75M | 3.08M | 867.44K | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| Dividends Paid | -80.6M | -79.38M | -70.6M | -67.3M | -67M | -70.2M | -62.1M | -61.1M | -60.3M | -58.9M | -59.8M | -56.8M | -58.6M | -57.8M | -48M | -48.2M | -51.3M | -50.1M | -46.2M | -46.4M |
| Share Repurchases | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| Other Financing | -600K | -690.3K | -3.45M | 21.35K | 32.56K | 3.4M | 100K | 0 | 1.1M | 800K | 0 | 0 | 1.7M | 1.2M | 4.3M | -900K | 2.7M | 2.5M | 100K | -900K |
| Net Change in Cash | 299.5M | -49.85M | 434.2M | 76.4M | -967.8M | -323.2M | 134M | -121.7M | 87M | -69.9M | 124.8M | 2M | 46.7M | 51.9M | 139.1M | 146.8M | 187.9M | 183.4M | 192.6M | 149M |
| Free Cash Flow | 401.8M | 69.52M | 2.58B | 55.6M | -930.6M | -219.5M | 238.2M | -25.7M | 177.7M | 31.3M | 198.9M | 70.6M | 99.9M | 100.2M | 154.3M | 229.2M | 247M | 227.5M | 259.8M | 199.8M |
| FCF Margin % | 69.17% | 10.68% | 432.46% | 11.4% | -251.92% | -59.58% | 74.21% | -9.32% | 68.32% | 12.19% | 65.58% | 22.81% | 30.28% | 36.26% | 48.16% | 75.35% | 70.11% | 67.15% | 79.28% | 63.17% |
| FCF Growth % | 143.18% | 131.67% | 984.42% | 316.34% | -623.69% | -801.28% | 19.76% | -136.4% | 77.88% | -68.76% | 28.9% | -69.2% | -59.55% | -55.96% | -40.61% | 14.71% | 182.77% | 575.07% | 140.11% | 162.2% |
| FCF per Share | 2.08 | 0.36 | 13.40 | 0.29 | -4.82 | -1.14 | 1.24 | -0.13 | 0.92 | 0.16 | 1.03 | 0.37 | 0.52 | 0.52 | 0.80 | 1.20 | 1.29 | 1.19 | 1.36 | 1.05 |
| FCF Conversion (FCF/Net Income) | 1.36x | 1.10x | 1.16x | 1.21x | 1.74x | 1.38x | 1.39x | 1.40x | 2.44x | 1.24x | -0.29x | 1.35x | 1.42x | 1.34x | 1.69x | 1.48x | 1.31x | 1.27x | 1.26x | 1.25x |
| Interest Paid | 600K | 800K | -2.6M | 1.2M | 400K | 1M | 600K | 500K | 600K | 400K | 500K | 600K | 600K | 600K | 600K | 500K | 700K | 600K | 600K | 500K |
| Taxes Paid | 0 | 58.1M | -138.6M | 46.8M | 45.7M | 46.1M | 17.2M | 14.1M | 35.1M | 7.4M | 21.1M | 16.1M | 27M | 23.9M | 14.8M | 21M | 36.8M | 22.5M | 21.9M | 20.3M |