Pan American Silver Corp.
Cash Flow Statement
| Line Item | FY2025 | FY2024 | FY2023 | FY2022 | FY2021 | FY2020 | FY2019 | FY2018 |
|---|---|---|---|---|---|---|---|---|
| Operating Activities | ||||||||
| Net Income | $980.0M | $113.0M | $-104.9M | $-340.1M | $98.6M | $176.5M | $111.2M | $12.0M |
| Depreciation & Amortization | — | — | — | — | — | — | — | — |
| Depreciation | $513.0M | $522.0M | $486.0M | $321.0M | $304.3M | $272.4M | $253.5M | — |
| Amortization | — | — | — | — | — | — | — | — |
| Stock-Based Compensation | $2.0M | $0 | $5.5M | $3.9M | $5.1M | $3.0M | $4.4M | $3.0M |
| Net Cash from Operating Activities | $1.33B | $724.0M | $450.2M | $31.8M | $392.1M | $462.3M | $282.0M | $155.0M |
| Investing Activities | ||||||||
| Capital Expenditures | $314.0M | $323.0M | $379.0M | $274.7M | $243.5M | $178.6M | $205.8M | $144.3M |
| Business Acquisitions | — | — | — | — | — | — | — | — |
| Net Cash from Investing Activities | $-706.0M | $-33.0M | $397.9M | $-255.4M | $-186.7M | $-83.9M | $-402.2M | $-159.2M |
| Financing Activities | ||||||||
| Dividends Paid | $175.0M | $145.0M | $130.4M | $94.7M | $71.5M | $46.2M | $29.3M | $21.5M |
| Stock Repurchases | $46.0M | $24.0M | — | — | — | — | — | — |
| Net Cash from Financing Activities | $-278.0M | $-225.0M | $-551.8M | $53.0M | $-85.9M | $-329.6M | $103.3M | $-33.1M |
| Net Change in Cash | $352.0M | $463.0M | $292.6M | $-176.6M | $116.4M | $46.5M | $-17.9M | $-37.4M |
| Free Cash Flow | $1.02B | $401.0M | $71.2M | $-242.9M | $148.6M | $283.8M | $76.2M | $10.6M |