← KINROSS GOLD CORP
| Annual Trend | FY 2016 | FY 2017 | FY 2018 | FY 2019 | FY 2020 | FY 2021 | FY 2022 | FY 2023 | FY 2024 | FY 2025 | TTM | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Cash flows from operating activities: | ||||||||||||
| Net earnings | ($109.1m) |
$442.2m
+505.32%
|
($25.6m)
-105.79%
|
$717.1m
+2901.17%
|
$1.4b
+89.47%
|
$218.7m
-83.90%
|
$37.1m
-83.04%
|
$415.4m
+1019.68%
|
$994.0m
+139.29%
|
$2.5b
+148.49%
|
— | |
| Profit or Loss | ($109.1m) | $442.2m | ($25.6m) | $717.1m | $1.4b | $218.7m | ($605.7m) | $415.4m | $994.0m | $2.5b | — | |
| Other Adjustments To Reconcile Profit Loss | — | $3.6m | $0 | ($4.0m) | — | — | — | — | ($44.1m) | $2.0m | — | |
| Depreciation, depletion and amortization | $855.0m | $819.4m | $772.4m | $731.3m | $842.3m | $840.9m | $784.0m | $986.8m | $1.1b | $1.1b | $1.1b | |
| Amortization | — | $125.6m | $166.6m | $165.0m | $153.8m | $170.9m | $171.5m | $190.2m | $218.4m | $209.7m | — | |
| Adjustments For Deferred Tax Of Prior Periods | $600k | ($800k) | ($11.2m) | ($24.0m) | ($43.4m) | — | — | — | ($32.6m) | — | — | |
| Deferred income tax expense | — | ($16.3m) | $16.9m | $20.1m | $43.9m | $63.7m | $54.6m | $31.0m | $119.2m | $83.4m | $1.2b | |
| Adjustments For Share-Based Payments | $13.5m | $13.6m | $14.6m | $14.3m | $13.7m | $10.8m | $9.3m | $6.7m | $9.0m | $13.1m | — | |
| Share-based compensation expense | $13.5m | $13.6m | $14.6m | $14.3m | $13.7m | $10.8m | $9.3m | $6.7m | $9.0m | $13.1m | $15.3m | |
| Impairment reversal | — | — | — | ($361.8m) | ($650.9m) | $144.5m | $350.0m | $38.9m | ($74.1m) | ($116.1m) | — | |
| Reversal of impairment (Note 10) | — | — | — | — | $0 | $224.3m | $38.2m | $0 | ($57.1m) | ($218.8m) | — | |
| Impairment of El Chanate inventory | — | $0 | $64.0m | $0 | — | — | — | — | — | — | — | |
| Accounts receivable and other assets | ($21.2m) | $108.6m | ($22.7m) | ($64.5m) | ($120.9m) | ($50.0m) | $17.9m | $68.7m | $11.7m | $9.5m | ($7.6m) | |
| Inventories | $79.5m | ($86.7m) | ($5.7m) | $53.8m | ($6.8m) | ($86.7m) | ($261.6m) | ($91.4m) | $14.3m | ($83.9m) | ($52.3m) | |
| Inventory net realizable value adjustment | — | — | — | — | — | $0 | $33.9m | $0 | — | — | — | |
| Accounts payable and accrued liabilities | $239.9m | ($48.5m) | $69.8m | $165.9m | $279.0m | $265.4m | $130.4m | $95.5m | $370.8m | $114.1m | — | |
| Deferred revenue recognized (Note 14) | — | — | — | — | — | — | — | — | $0 | ($124.6m) | — | |
| Proceeds from long-term investments and other assets | — | — | — | — | — | — | — | — | $4.8m | $189.8m | — | |
| Additions to long-term investments and other assets | ($59.8m) | ($73.8m) | ($52.9m) | $71.6m | ($5.9m) | ($66.3m) | ($67.2m) | $1.7m | ($38.4m) | ($72.1m) | — | |
| Proceeds From Sales Of Property Plant And Equipment Classified As Investing Activities | $9.1m | $8.5m | $6.4m | $31.9m | $8.4m | $1.3m | ($43.7m) | ($114.1m) | ($92.6m) | ($19.8m) | — | |
| Additions to property, plant and equipment | ($633.8m) | ($897.6m) | ($1.0b) | ($1.1b) | ($916.1m) | ($938.6m) | ($764.2m) | ($1.1b) | ($1.1b) | ($1.2b) | — | |
| Adjustments For Gain Loss On Disposal Of Investments In Subsidiaries Joint Ventures And Associates | — | $55.2m | $2.1m | — | — | — | — | — | — | — | — | |
| Transaction costs arising on asset dispositions and acquisitions (Note 5, Note 8) | — | — | — | — | — | — | $0 | ($200k) | ($1.0m) | $0 | — | |
| Net cash flow of continuing operations used in investing activities | — | — | — | — | — | ($935.6m) | ($1.9b) | ($1.2b) | ($1.2b) | ($1.1b) | — | |
| Net cash flow of discontinued operations provided from investing activities | — | — | — | — | — | ($257.0m) | $296.2m | $45.0m | $10.0m | $53.4m | — | |
| Proceeds From Borrowings Classified As Financing Activities | $175.0m | $494.7m | $80.0m | $300.0m | $950.0m | $200.0m | $1.3b | $588.1m | — | — | — | |
| Repayments Of Borrowings Classified As Financing Activities | $425.0m | $500.0m | $80.0m | $200.0m | $850.0m | $500.0m | $340.0m | $960.0m | $800.0m | $700.0m | — | |
| Repayment of debt | ($425.0m) | ($500.0m) | ($80.0m) | ($200.0m) | ($850.0m) | ($500.0m) | ($340.0m) | ($960.0m) | ($800.0m) | ($700.0m) | ($508.4m) | |
| Repayments of current borrowings | — | — | — | $0 | $100.0m | $0 | — | — | — | — | — | |
| Dividends paid to common shareholders | — | — | — | — | ($76) | ($151) | ($154) | ($147) | ($148) | ($152) | ($174.0m) | |
| Dividends paid (Note 19) | — | ($6) | ($8) | ($16) | ($24) | ($34) | ($35) | ($35) | ($35) | ($40) | ($174.0m) | |
| Net cash flow used in financing activities | ($48.3m) |
($69.0m)
-42.86%
|
($72.6m)
-5.22%
|
$25.1m
+134.57%
|
($67.7m)
-369.72%
|
($623.2m)
-820.53%
|
($28.4m)
+95.44%
|
($549.0m)
-1833.10%
|
($1.0b)
-83.22%
|
($1.6b)
-61.85%
|
— | |
| Cash and cash equivalents, beginning of period | $827.0m | $1.0b | $349.0m | $575.1m | $1.2b | $531.5m | $418.1m | $352.4m | $611.5m | $1.7b | — | |
| Increase in restricted cash - net | ($1.1m) | ($500k) | ($600k) | ($2.5m) | ($23.5m) | $2.3m | ($4.2m) | $25.3m | ($400k) | ($3.3m) | — | |
| Effect of exchange rate changes on cash and cash equivalents | $2.3m | $3.4m | ($5.9m) | $2.7m | ($5.0m) | $1.2m | ($100k) | $200k | ($1.5m) | $1.7m | ($1.5m) | |
| Additional Supplementary Disclosures | ||||||||||||
| Additional Supplementary Disclosures | ||||||||||||
| Additional Financial Items | ||||||||||||
| Adjustments For Current Tax Of Prior Period | ($24.6m) | ($10.0m) | ($7.9m) | ($1.0m) | ($75.8m) | $49.9m | ($100k) | $300k | ($1.1m) | ($2.7m) | — | |
| Adjustments For Decrease Increase In Trade Account Receivable | — | — | — | ($64.5m) | ($120.9m) | ($50.0m) | $17.9m | $68.7m | $11.7m | $9.5m | — | |
| Adjustments For Finance Costs | $134.6m | $117.8m | $101.2m | $107.9m | $112.6m | $85.7m | $93.7m | $106.0m | $91.4m | $90.1m | — | |
| Adjustments For Income Tax Expense | — | $11.9m | $17.3m | $12.7m | $30.1m | $5.3m | $10.7m | $52.7m | $487.4m | $724.7m | — | |
| Adjustments For Increase Decrease In Trade Account Payable | — | — | — | $165.9m | $279.0m | $265.4m | $130.4m | $95.5m | $370.8m | $114.1m | — | |
| Adjustments For Undistributed Profits Of Associates | ($1.2m) | ($1.3m) | ($300k) | $100k | — | — | — | — | — | — | — | |
| Adjustments For Unrealised Foreign Exchange Losses Gains | $14.4m | ($31.9m) | $12.5m | ($53.1m) | $11.8m | $72.9m | $21.6m | ($8.6m) | ($59.1m) | $5.7m | — | |
| Goodwill | $162.7m | $162.7m | $162.7m | $158.8m | $158.8m | $158.8m | — | — | — | — | ($116.1m) | |
| Income Taxes Paid Refund Classified As Operating Activities | $125.7m | $188.5m | $126.9m | $115.1m | $106.4m | $303.4m | $140.7m | $137.4m | $178.2m | $418.4m | — | |
| Interest Paid Classified As Financing Activities | $73.5m | $62.9m | $57.9m | $55.6m | $63.1m | $46.9m | $52.4m | $53.2m | $35.6m | $65.2m | — | |
| Payments Of Lease Liabilities Classified As Financing Activities | — | — | — | $14.3m | $20.7m | $33.8m | $23.2m | $30.2m | $12.1m | $7.2m | — | |
| Payments To Acquire Or Redeem Entitys Shares | — | — | — | — | — | $100.2m | $300.8m | — | — | $600.3m | — | |
| Proceeds From Issuing Shares | $275.7m | — | — | — | — | — | — | — | — | — | — | |
| Finance expense - net | $134.6m | $117.8m | $101.2m | $107.9m | $112.6m | $85.7m | $93.7m | $106.0m | $91.4m | $90.1m | — | |
| Foreign exchange losses (gains) | $14.4m | ($31.9m) | $12.5m | ($53.1m) | $11.8m | $72.9m | $21.6m | ($8.6m) | ($59.1m) | $5.7m | — | |
| Reclamation payments, net of reclamation (recovery) expense | — | — | — | — | — | — | — | — | ($22.3m) | ($92.3m) | — | |
| Interest received and other - net | $3.5m | $6.6m | $7.7m | $7.6m | $2.9m | $1.3m | $8.8m | $18.2m | $17.0m | $42.8m | — | |
| Payment of lease liabilities | — | — | — | ($14.3m) | ($20.7m) | ($33.8m) | ($23.2m) | ($30.2m) | ($12.1m) | ($7.2m) | — | |
| Funding from non-controlling interest | — | — | — | — | — | — | $10.8m | $46.2m | $31.3m | — | — | |
| Repurchase and cancellation of shares | — | — | — | — | — | ($100.2m) | ($300.8m) | — | — | ($600.3m) | — | |
| Other - net | ($3.3m) | ($1.6m) | ($2.2m) | $3.9m | ($2.4m) | $8.8m | $10.3m | $7.4m | ($1.5m) | ($1.2m) | — | |
| Increase in cash and cash equivalents | ($216.9m) | $198.8m | ($676.8m) | $226.1m | $635.8m | ($679.4m) | ($113.4m) | ($65.7m) | $259.1m | $1.1b | — | |
| Loss on commodity derivatives | — | — | — | — | — | — | — | $900k | $24.2m | $230.5m | — | |
| Gain on sale of assets (Note 7) | — | — | — | — | — | — | — | — | $0 | ($231.0m) | — | |
| Settlement of Argonaut legacy gold hedges (Note 13) | — | — | — | — | — | — | — | — | $0 | ($113.5m) | — | |
| Proceeds from gold sale prepayment (Note 14) | — | — | — | — | — | — | — | — | $0 | $50.0m | — | |
| Other items (Note 23) | — | ($1.4m) | $6.5m | ($12.2m) | ($5.1m) | ($3.1m) | ($6.7m) | $11.8m | $11.0m | ($34.0m) | — | |
| Proceeds from disposition of equity securities | — | — | — | $0 | $9.7m | $25.8m | $0 | $100k | $1.0m | $9.8m | — | |
| Investment in equity securities | — | — | — | ($4.0m) | ($3.4m) | ($8.8m) | ($4.0m) | ($2.8m) | ($11.6m) | ($500k) | — | |
| Investment in Argonaut, net of cash acquired (Note 6) | — | — | — | $0 | $19.5m | $0 | — | — | ($30.2m) | $0 | — | |
| Proceeds from sale of assets, net of transaction costs (Note 7) | — | — | — | — | — | — | — | — | $0 | $160.0m | — | |
| Cash flows from (used in) investing activities | — | ($119.4m) | ($196.6m) | ($267.6m) | ($314.1m) | ($357.1m) | ($312.7m) | ($351.8m) | ($467.1m) | ($356.9m) | — | |
| Proceeds from draw down of credit facility | — | — | — | $0 | $100.0m | $0 | — | $0 | $250.0m | $0 | — | |
| Repurchase and cancellation of common shares (Note 19) | — | — | — | — | — | — | — | — | $0 | ($38.8m) | — | |
| Proceeds from issuance of flow-through shares | — | $11.7m | $0 | $7.5m | $0 | $0 | $10.4m | $0 | $10.5m | $0 | — | |
| Proceeds from the exercise of options and warrants | — | $3.5m | $3.9m | $7.0m | $7.5m | $200k | $5.3m | $9.3m | $6.8m | $4.1m | — | |
| Proceeds from sale of Esperanza Project (note 8) | — | — | — | — | — | $0 | $5.0m | $0 | — | — | — | |
| Capital Advances | — | — | — | — | $0 | ($9.8m) | $0 | — | — | — | — | |
| Repurchase of Island Gold royalties (note 8(i)) | — | ($6.7m) | $24.9m | $0 | ($54.8m) | ($15.7m) | $0 | — | — | — | — | |
| Proceeds from share purchase plan | — | — | — | $0 | $8.3m | $0 | — | — | — | — | — | |
| Loss on redemption of senior secured notes | — | $29.1m | $0 | — | — | — | — | — | — | — | — | |
| Cash received from the acquisition of Richmont (note 5) | — | $46.2m | $0 | — | — | — | — | — | — | — | — | |
| Net proceeds from bought deal financing | — | $239.1m | $0 | — | — | — | — | — | — | — | — | |
| Repayment of senior secured notes | — | ($327.2m) | $0 | — | — | — | — | — | — | — | — | |
| Credit facility transaction fees | — | ($2.1m) | ($800k) | ($1.2m) | — | — | — | — | — | — | — | |
| Purchase and cancellation of common shares (note 11) | — | — | $0 | ($11.4m) | — | — | — | — | — | — | — |
Values abbreviated: b = billions, m = millions, k = thousands. Per share data in USD.