← Black Stone Minerals, L.P.

Annual Trend FY 2016 FY 2017 FY 2018 FY 2019 FY 2020 FY 2021 FY 2022 FY 2023 FY 2024 FY 2025
Cash flows from operating activities:
Adjustments to reconcile net income to net cash provided by operating activities:
Net Income From Continuing Operations — — — — — — $476.5m $422.5m $271.3m $299.9m
Net Income (Loss) Attributable to Parent $20.2m $157.2m $295.6m $214.4m $121.8m $182.0m $476.5m $422.5m $271.3m $299.9m
Net Income (Loss) Available to Common Stockholders, Basic $14.4m $152.1m $274.5m $193.4m $100.8m $161.0m $455.5m $400.8m $241.9m $270.5m
Net Income (Loss), Including Portion Attributable to Noncontrolling Interest $20.2m $157.2m $295.6m $214.4m $121.8m $182.0m $476.5m — — $299.9m
Depreciation, Depletion and Amortization $102.5m $114.5m $122.7m $109.6m $82.0m $61.0m $47.8m $45.7m $45.2m $36.9m
Amortization of Debt Issuance Costs $900k $900k $900k $1.0m $1.0m $1.6m $2.0m $1.0m $1.1m $1.1m
Amortization of Deferred Charges $871k $877k $905k $1.0m $1.0m $1.6m $2.0m $1.0m $1.1m $1.1m
Depreciation Amortization Depletion — — — — — — $47.8m $45.7m $45.2m $36.9m
Share-based Payment Arrangement, Noncash Expense $43.1m $33.0m $30.1m $20.5m $3.7m $12.2m $17.4m $10.8m $8.6m $9.6m
Asset Impairment Charge — — — — — $0 $0 — — —
Gain (Loss) on Disposition of Property Plant Equipment $4.8m $931k $3k $0 $24.0m $2.9m $17k $73k $0 $0
Interest Expense Nonoperating — — — — — — — — $3.1m $8.9m
Operating Lease, Expense — — $18.4m $17.7m $14.0m $13.1m $12.4m $11.4m $9.7m $10.1m
Other Nonoperating Income (Expense) ($390k) $714k ($2.2m) $472k $83k $299k $215k ($160k) ($337k) $229k
Changes in operating assets and liabilities:
Additional Financial Items
Increase (Decrease) in Accounts Receivable $29.8m $6.1m $31.5m ($35.0m) ($16.5m) $34.9m $39.5m ($53.1m) ($11.2m) —
Asset Retirement Obligation, Accretion Expense $892k $1.0m $1.1m $1.1m $1.1m $1.1m $861k $1.0m $1.3m $1.4m
General and Administrative Expense $73.1m $77.6m $76.7m $63.4m $43.0m $48.7m $53.7m $51.5m $52.1m $55.5m
Investment Income, Interest $656k $49k $183k $159k $35k $1k $53k $1.9m $1.7m —
Nonoperating Income (Expense) ($7.3m) ($14.9m) ($22.8m) ($20.8m) ($10.3m) ($5.3m) ($6.0m) ($1.0m) ($1.8m) ($8.5m)
Operating Expenses $233.4m $257.6m $291.2m $252.6m $210.6m $171.9m $181.1m $168.6m $160.6m $161.5m
Beginning Cash Position — — — — — — $8.9m $4.3m $70.3m $2.5m
Cash Flow From Continuing Financing Activities — — — — — — ($428.3m) ($435.5m) ($344.6m) ($192.9m)
Cash Flow From Continuing Investing Activities — — — — — — ($1.2m) ($19.7m) ($112.2m) ($118.3m)
Change In Account Payable — — — — — — $3.0m ($3.8m) $1.0m ($286k)
Change In Payable — — — — — — $3.0m ($3.8m) $1.0m ($286k)
Change In Payables And Accrued Expense — — — — — — $3.0m ($3.8m) $1.0m ($286k)
Change In Prepaid Assets — — — — — — $51k ($414k) ($789k) ($6.6m)
Change In Receivables — — — — — — ($39.5m) $53.1m $11.2m $5.5m
Change In Working Capital — — — — — — ($36.5m) $48.8m $11.5m ($1.4m)
Changes In Account Receivables — — — — — — ($39.5m) $53.1m $11.2m $5.5m
Changes In Cash — — — — — — ($4.6m) $66.0m ($67.8m) ($1.0m)
End Cash Position — — — — — — $4.3m $70.3m $2.5m $1.5m
Financing Cash Flow — — — — — — ($428.3m) ($435.5m) ($344.6m) ($192.9m)
Free Cash Flow — — — — — — $412.4m $501.4m $274.0m $191.1m
Gain Loss On Investment Securities — — — — — — $120.7m ($91.1m) $5.7m ($47.6m)
Investing Cash Flow — — — — — — ($1.2m) ($19.7m) ($112.2m) ($118.3m)
Net PPE Purchase And Sale — — — — — — ($1.2m) ($19.7m) ($112.2m) ($118.3m)
Operating Gains Losses — — — — — — $120.7m ($91.2m) $5.7m ($47.6m)
Other Non Cash Items — — — — — — ($200.9m) $84.6m $46.7m $12.7m
Purchase Of PPE — — — — — — ($12.6m) ($19.8m) ($115.0m) ($119.1m)
Repurchase Of Capital Stock — — — — — — ($3.0m) ($5.5m) ($4.4m) ($3.8m)
Sale Of PPE — — — — — — $11.3m $73k $2.8m $834k
Stock Based Compensation — — — — — — $17.4m $10.8m $8.6m $9.6m
Gain (Loss) on Derivative Instruments, Net, Pretax ($36.5m) $26.9m $14.8m ($5.0m) $46.1m ($146.5m) ($120.7m) $91.1m ($5.7m) $47.6m
Net Cash Provided by (Used in) Operating Activities $196.7m $281.9m $385.4m $412.7m $281.8m $256.9m $425.0m $521.3m $389.0m $310.2m
Cash flows from investing activities:
Capital Expenditure — — — — — — ($12.6m) ($19.8m) ($115.0m) ($119.1m)
Net Cash Provided by (Used in) Investing Activities ($221.5m) ($454.2m) ($163.8m) ($48.6m) $151.2m ($14.3m) ($1.2m) ($19.7m) ($112.2m) ($118.3m)
Cash flows from financing activities:
Issuance Of Debt — — — — — — $339.0m $64.0m $97.0m $373.0m
Long Term Debt Issuance — — — — — — $339.0m $64.0m $97.0m $373.0m
Net Issuance Payments Of Debt — — — — — — ($79.0m) ($10.0m) $25.0m $129.0m
Net Long Term Debt Issuance — — — — — — ($79.0m) ($10.0m) $25.0m $129.0m
Long Term Debt Payments — — — — — — ($418.0m) ($74.0m) ($72.0m) ($244.0m)
Repayment Of Debt — — — — — — ($418.0m) ($74.0m) ($72.0m) ($244.0m)
Net Common Stock Issuance — — — — — — ($3.0m) ($5.5m) ($4.4m) ($3.8m)
Common Stock Payments — — — — — — ($3.0m) ($5.5m) ($4.4m) ($3.8m)
Cash Dividends Paid — — — — — — ($343.4m) ($419.8m) ($365.1m) ($315.1m)
Common Stock Dividend Paid — — — — — — ($322.4m) ($398.8m) ($336.9m) ($285.7m)
Preferred Stock Dividend Paid — — — — — — ($21.0m) ($21.0m) ($28.1m) ($29.5m)
Net Other Financing Charges — — — — — — ($2.9m) ($216k) ($64k) ($3.0m)
Net Cash Provided by (Used in) Financing Activities $21.4m $168.3m ($221.8m) ($361.4m) ($439.4m) ($235.5m) ($428.3m) ($435.5m) ($344.6m) ($192.9m)
Cash, Cash Equivalents, Restricted Cash and Restricted Cash Equivalents, Period Increase (Decrease), Including Exchange Rate Effect — — — — — $7.1m ($4.6m) $66.0m ($67.8m) ($1.0m)
Cash, Cash Equivalents, Restricted Cash and Restricted Cash Equivalents — — — $8.1m $1.8m $8.9m $4.3m $70.3m $2.5m $1.5m
Supplemental disclosure of cash flow information:
Change In Cash Supplemental As Reported — — — — — — ($4.6m) $66.0m ($67.8m) ($1.0m)
Interest Paid, Excluding Capitalized Interest, Operating Activities $6.5m $14.8m $19.8m $20.5m $9.4m $4.0m $4.3m $1.7m $2.0m $7.4m

Data sourced from SEC EDGAR 10-K filings via EdgarTools. Amounts are shown in USD as reported in each fiscal year filing.