| Sep'18 | Jun'18 | Mar'18 | Dec'17 | Sep'17 | Jun'17 | Mar'17 |
|---|---|---|---|---|---|---|
Cash flows from operating activities | ||||||
Net income | ||||||
52,100 | 53,600 | 64,600 | 43,500 | 60,000 | 45,600 | 45,600 |
Adjustments to reconcile net income to net cash provided by operating activities: | ||||||
Depletion and depreciation | ||||||
66,000 | 59,600 | 60,600 | 63,800 | 70,500 | 67,200 | 71,500 |
Non-cash costs of sales | ||||||
2,000 | 1,800 | 1,900 | 3,000 | 600 | 2,300 | 1,800 |
Share-based payments | ||||||
1,500 | 1,400 | 1,200 | 600 | 900 | 1,600 | 1,500 |
Unrealized foreign exchange gain | ||||||
- | - | - | -1,100 | 0 | -200 | -400 |
Deferred income tax expense | ||||||
-4,300 | 5,700 | 6,100 | 11,600 | 4,200 | 3,400 | 2,600 |
Other non-cash items | ||||||
-300 | -300 | -300 | -100 | -1,300 | -300 | -400 |
Acquisition of gold bullion | ||||||
6,100 | 6,900 | 6,400 | 6,300 | 5,700 | 6,200 | 5,900 |
Proceeds from sale of gold bullion | ||||||
1,800 | 700 | 5,600 | 5,700 | 3,900 | 6,300 | 3,100 |
Operating cash flows before changes in non-cash working capital | ||||||
112,700 | 115,500 | 133,300 | 123,400 | 133,100 | 119,700 | 119,400 |
Changes in non-cash working capital: | ||||||
Decrease in receivables | ||||||
1,600 | -900 | 4,500 | -1,000 | -9,800 | 14,000 | 2,000 |
Increase (decrease) in prepaid expenses and other | ||||||
12,800 | -1,800 | -700 | 13,200 | -600 | -13,400 | 4,100 |
Decrease in current liabilities | ||||||
- | -1,500 | 400 | -9,300 | -6,700 | 6,200 | -5,700 |
Net cash provided by operating activities | ||||||
128,200 | 111,300 | 137,500 | 126,300 | 116,000 | 126,500 | 119,800 |
Cash flows from investing activities | ||||||
Acquisition of royalty, stream and working interests | ||||||
88,900 | 90,400 | 523,000 | 128,400 | 172,900 | 136,700 | 61,500 |
Acquisition of oil & gas well equipment | ||||||
500 | 400 | 200 | 400 | 400 | 500 | 400 |
Net cash used in investing activities | ||||||
-89,400 | -90,800 | -523,200 | -116,200 | -185,600 | -137,200 | -61,900 |
Cash flows from financing activities | ||||||
Credit facility amendment costs | ||||||
0 | 0 | 500 | 0 | 0 | 0 | 1,000 |
Payment of dividends | ||||||
33,900 | 35,000 | 35,600 | 31,800 | 31,800 | 32,100 | 30,100 |
Proceeds from exercise of stock options | ||||||
- | - | - | -200 | 2,500 | 7,700 | 100 |
Net cash (used in) provided by financing activities | ||||||
-33,800 | -35,000 | -36,100 | -32,000 | -29,300 | 332,000 | -31,000 |
Effect of exchange rate changes on cash and cash equivalents | ||||||
-200 | -1,100 | -1,600 | -300 | 17,900 | 10,000 | 3,100 |
Net change in cash and cash equivalents | ||||||
4,800 | -15,600 | -423,400 | -22,200 | -81,000 | 331,300 | 30,000 |
Supplemental cash flow information: | ||||||
Cash paid for interest expense and loan standby fees | ||||||
600 | 500 | 600 | 600 | 600 | 600 | 600 |
Income taxes paid | ||||||
4,900 | 8,300 | 7,700 | 1,600 | 7,200 | 19,300 | 10,100 |