← Ero Copper Corp.

Annual Trend FY 2017 FY 2018 FY 2019 FY 2020 FY 2021 FY 2022 FY 2023 FY 2024 FY 2025
Cash Flows from Operating Activities
OPERATING ACTIVITIES ($2.3m) ($2.1m) ($2.0m) ($2.4m) ($3.9m) ($3.3m) ($2.5m) ($4.7m) ($3.4m)
Net Income — — — — — $101.8m $92.8m ($68.5m) $263.7m
Net Income From Continuing Operations — — — — — $103.1m $94.3m ($67.8m) $266.9m
Amortization and depreciation — — — $39.3m $47.3m $59.0m $83.0m $87.4m $115.7m
Amortization of deferred revenue — — — $0 ($7.3m) ($14.8m) ($17.1m) ($18.3m) ($14.0m)
Depreciation — — — $0 $103k $168k $207k $158k $98k
Depreciation Amortization Depletion — — — — — $59.0m $83.0m $87.4m $115.7m
Deferred Income Tax — — — — — $23.3m $18.0m ($7.7m) $64.0m
Deferred Tax — — — — — $23.3m $18.0m ($7.7m) $64.0m
Share-based compensation $319k $575k $406k $9.1m $7.8m $7.9m $9.2m $10.0m $24.6m
Asset Impairment Charge — — — — — — $0 $12.1m $0
Income tax expense (recovery) — — — $8.9m $34.3m $23.3m $18.0m ($7.7m) $64.0m
Changes in non-cash working capital items — — — ($9.5m) ($15.1m) ($18.0m) ($8.4m) ($25.7m) ($51.7m)
Cash Flows used in Investing Activities
Income (loss) for the year ($2.7m) ($2.9m) ($1.8m) $52.5m $202.6m $103.1m $94.3m ($67.8m) $266.9m
Finance income — — — ($1.3m) ($3.0m) ($10.3m) ($12.5m) ($4.3m) ($5.4m)
Finance expenses — — — $15.4m $12.2m $33.2m $25.8m $17.1m $33.4m
Foreign exchange (gain) loss — — — $79.8m $20.3m ($23.1m) ($36.8m) $159.2m ($90.1m)
Other — — — $1.7m ($1.2m) ($490k) $4.2m $8.3m $12.2m
Cash flows from operations — — — $187.0m $298.0m $159.8m $159.9m $170.3m $355.6m
Advances from customers — — — $0 $100.0m $3.2m $2.4m $22.7m $50.0m
Derivative contract settlements — — — ($20.8m) ($22.2m) ($12.0m) $9.6m ($10.8m) ($3.0m)
Provision settlements — — — ($1.6m) ($2.0m) ($2.2m) ($3.3m) ($5.9m) ($5.6m)
Additions to mineral properties, plant and equipment — — — ($117.6m) ($169.2m) ($282.8m) ($447.2m) ($329.0m) ($262.8m)
Additions to exploration and evaluation assets — — — ($199k) ($12.7m) ($13.0m) ($13.5m) ($8.6m) ($19.7m)
Proceeds from interest received — — — — — $9.7m $192.5m $2.2m $3.9m
Proceeds from equity offering, net of share issue costs — — — — — $0 $104.3m $0 —
Lease liability payments — — — ($4.3m) ($4.8m) ($7.4m) ($11.9m) ($14.2m) ($18.0m)
New loans and borrowings, net of transaction costs — — — — — $401.5m $14.9m $213.3m $57.4m
Loans and borrowings repaid — — — ($57.4m) ($113.2m) ($55.6m) ($7.8m) ($40.0m) ($54.7m)
Other finance expenses paid — — — ($3.2m) ($4.2m) ($4.5m) ($5.5m) ($4.1m) ($8.9m)
Proceeds from exercise of stock options — — — $4.4m $5.5m $8.8m $11.2m $8.4m $7.2m
Cash flows (used in)/from financing activities $1.4m $3.9m $3.1m $288k ($115.4m) $327.3m $77.8m $131.2m ($59.7m)
Finance costs — — — $0 $26k $38k $26k $8k $14k
Gain on marketable securities $169k $34k $92k ($576k) ($367k) $694k ($621k) ($48k) ($2.4m)
ITEMS NOT AFFECTING CASH $488k $608k ($269k) ($148k) $104k $1.7m $695k ($4.4m) ($3.1m)
Change in non-cash working capital items ($111k) $120k ($2k) ($189k) ($265k) ($38k) $108k ($378k) ($173k)
Settlement of deferred share units — — — — — — — $0 ($77k)
Financings $0 $3.3m $3.4m $6.4m $33.6m $0 $29.6m $54.3m $0
Share issuance costs $0 ($153k) ($342k) ($179k) ($1.6m) $0 ($305k) ($3.3m) $0
Exercise of stock options $1.4m $732k $72k $855k $1.3m $133k $2.0m $3.5m $2.7m
Exercise of warrants — — — — — — — $0 $1.3m
Proceeds from sale of marketable securities — — — — — — — $0 $3.5m
Leasehold improvements — — — — — ($280k) $0 — —
Flow-through premium recovery — — ($767k) ($128k) ($897k) ($760k) $0 — —
Right of use asset — — — — $0 ($280k) — — —
Equity offering — — — $28.8m $0 — — — —
Equity offering costs — — — ($1.2m) $0 — — — —
Mineral property expenditures ($1.8m) ($1.3m) ($3.9m) ($5.3m) — — — — —
Acquisition of mineral claims — — ($39k) — — — — — —
Beginning Cash Position — — — — — $130.1m $177.7m $111.7m $50.4m
Cash Flow From Continuing Financing Activities — — — — — $327.3m $77.8m $131.2m ($59.7m)
Cash Flow From Continuing Investing Activities — — — — — ($425.8m) ($308.2m) ($335.4m) ($278.6m)
Change In Inventory — — — — — ($1.7m) ($5.3m) ($12.6m) ($41.6m)
Change In Other Current Assets — — — — — ($13.8m) ($11.7m) ($17.6m) ($5.8m)
Change In Other Working Capital — — — — — — $2.4m $22.7m —
Change In Payables And Accrued Expense — — — — — ($614k) $1.7m ($4.1m) $18.1m
Change In Receivables — — — — — ($1.9m) $6.9m ($14.0m) ($22.4m)
Change In Working Capital — — — — — ($18.0m) ($5.9m) ($48.3m) ($51.7m)
Changes In Account Receivables — — — — — ($1.9m) $6.9m ($14.0m) ($22.4m)
Changes In Cash — — — — — $44.9m ($67.3m) ($58.8m) $56.8m
End Cash Position — — — — — $177.7m $111.7m $50.4m $105.4m
Financing Cash Flow — — — — — $327.3m $77.8m $131.2m ($59.7m)
Free Cash Flow — — — — — ($152.4m) ($297.6m) ($192.2m) $112.7m
Investing Cash Flow — — — — — ($425.8m) ($308.2m) ($335.4m) ($278.6m)
Issuance Of Capital Stock — — — — — $0 $104.3m $0 —
Net Foreign Currency Exchange Gain Loss — — — — — ($23.1m) ($36.8m) $159.2m ($90.1m)
Net PPE Purchase And Sale — — — — — ($295.8m) ($460.6m) ($337.6m) ($282.4m)
Operating Gains Losses — — — — — ($23.1m) ($36.8m) $159.2m ($90.1m)
Other Non Cash Items — — — — — ($3.4m) $6.8m $8.7m $67.6m
Proceeds From Stock Option Exercised — — — — — $8.8m $11.2m $8.4m $7.2m
Purchase Of PPE — — — — $169.2m ($295.8m) ($460.6m) ($337.6m) ($282.4m)
Stock Based Compensation — — — — — $7.9m $9.2m $10.0m $24.6m
INVESTING ACTIVITIES $635k $838k ($2.4m) ($5.3m) ($27.4m) ($25.9m) ($3.9m) ($61.3m) $7.6m
Write-downs (reversals of write-downs) of property, plant and equipment — — — — — — $0 $12.1m $0
Purchase of short-term investments $2.4m $2.2m $1.5m $1.2m $2.3m ($130.0m) ($40.0m) $0 —
Redemption (purchase) of short-term investments — — — — — $0 $16.0m ($47.5m) $24.7m
Net Investment Purchase And Sale — — — — — ($130.0m) $152.5m $2.2m $3.9m
Purchase Of Investment — — — — — ($139.7m) ($40.0m) $0 —
Sale Of Investment — — — — — $9.7m $192.5m $2.2m $3.9m
Issuance Of Debt — — — — — $401.5m $14.9m $213.3m $57.4m
Long Term Debt Issuance — — — — — $401.5m $14.9m $213.3m $57.4m
Net Issuance Payments Of Debt — — — — — $338.4m ($4.8m) $159.1m ($15.3m)
Net Long Term Debt Issuance — — — — — $338.4m ($4.8m) $159.1m ($15.3m)
Long Term Debt Payments — — — — — ($63.1m) ($19.7m) ($54.2m) ($72.7m)
Repayment Of Debt — — — — — ($63.1m) ($19.7m) ($54.2m) ($72.7m)
Common Stock Issuance — — — — — $0 $104.3m $0 —
Net Common Stock Issuance — — — — — $0 $104.3m $0 —
Cash Dividends Paid — — — — — $0 $0 $0 $0
Net Other Financing Charges — — — — ($4.2m) ($4.5m) ($5.5m) — —
Effect of exchange rate changes on cash and cash equivalents — — — ($5.5m) ($2.0m) $2.7m $1.4m ($2.5m) ($1.8m)
Effect Of Exchange Rate Changes — — — — — $2.7m $1.4m ($2.5m) ($1.8m)
Net increase (decrease) in cash and cash equivalents ($216k) $2.6m ($1.4m) $41.0m $67.6m $47.6m ($66.0m) ($61.3m) $55.0m
Cash and cash equivalents - beginning of year $612k $395k $3.0m $62.5m $130.1m $177.7m $111.7m $50.4m $105.4m
Change In Cash Supplemental As Reported — — — — — $47.6m ($66.0m) ($61.3m) $55.0m
Interest paid on loans and borrowings — — — ($9.7m) ($4.2m) ($15.4m) ($27.5m) ($32.2m) ($42.7m)
Income taxes paid — — — ($1.8m) ($9.1m) ($5.4m) ($5.6m) ($8.2m) ($1.9m)

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