← Hudbay Minerals Inc.

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:
Net income for the year ($35.2m) $163.9m — ($343.8m) ($144.6m) ($244.4m) $70.4m $69.5m $67.8m $564.3m
Net Income — — — — — — $70.4m $66.4m $76.7m $568.5m
Net Income From Continuing Operations — — — — — — $70.4m $69.5m $67.8m $564.3m
Depreciation and amortization $299.1m $293.2m — $346.6m $363.6m $359.8m $339.1m $393.1m $428.0m $441.2m
Amortization of deferred revenue and variable consideration — — — ($76.1m) ($73.9m) ($73.1m) ($73.2m) ($77.3m) ($70.5m) ($75.0m)
Amortization of community agreements — — — — — — — $12.2m $13.7m $12.4m
Depreciation Amortization Depletion — — — — — — $339.1m $393.1m $428.0m $441.2m
Adjustments For Deferred Tax Of Prior Periods $266k ($1.4m) $691k $817k ($494k) $8.7m ($1.2m) $5.5m ($2.8m) ($1.1m)
Deferred Income Tax — — — — — — $25.4m $82.3m $183.8m $347.7m
Deferred Tax — — — — — — $25.4m $82.3m $183.8m $347.7m
Adjustments For Share-Based Payments $9.9m $15.9m ($2.4m) $2.7m $15.0m $12.1m $2.1m $7.4m $19.3m $61.3m
Share-based compensation $9.9m $15.9m — $2.7m $15.0m $12.1m $2.1m $7.4m $19.3m $61.3m
Impairment reversal $0 $11.3m — $322.2m $0 $193.5m $0 — $0 ($322.3m)
Asset Impairment Charge — — — — — — $95.0m $0 $27.4m ($318.8m)
Adjustments For Income Tax Expense $40.8m $34.8m $85.4m ($109.0m) ($34.5m) $41.6m $25.4m $82.3m $183.8m $347.7m
Proceeds From Sales Of Investments Other Than Investments Accounted For Using Equity Method — — — — — $1.2m $1.9m $53k ($3.2m) ($61.8m)
Additional Financial Items
Adjustments For Current Tax Of Prior Period — — $707k $6.3m ($398k) $0 ($704k) ($4.4m) $200k ($1.2m)
Adjustments For Finance Costs $164.3m $100.2m $143.6m $154.4m $31.9m $49.1m $22.1m $145.3m $148.7m $19.4m
Goodwill — — — — — — — $75.3m $69.2m $72.6m
Increase Decrease In Working Capital ($87.2m) ($9.0m) $13.9m ($3.6m) $2.4m $104.0m ($96.1m) $93.1m $24.9m $57.0m
Payments Of Lease Liabilities Classified As Financing Activities — — — — $36.0m $37.7m $35.8m $25.2m $31.4m $36.9m
Proceeds From Borrowings Classified As Financing Activities $62.2m $25.0m — — — — $0 $100.0m ($100.0m) —
Proceeds From Issuing Shares — — — — — — — — $398.0m $26.8m
Purchase Of Intangible Assets Classified As Investing Activities — — — — — — — — $1.8m $2.8m
Purchase Of Interests In Associates — — $19.1m — — — — — — —
Repayments Of Borrowings Classified As Financing Activities $176.5m $281.4m — — $400.0m $600.0m $0 $143.0m $0 $0
Tax expense $40.8m $34.8m — ($109.0m) ($34.5m) $41.6m $25.4m $82.3m $183.8m $347.7m
Net finance expenses $164.3m $100.2m — $17.6m $31.9m $49.1m $22.1m $145.3m $148.7m $19.4m
Inventory adjustments — — — — $2.3m $4.0m $3.6m $2.3m $2.9m $4.1m
Pension and other employee benefit payments, net of accruals ($11.1m) $3.1m — $2.1m $3.0m $8.0m $1.5m $7.0m $11.9m $5.3m
Re-evaluation adjustment - environmental obligation — — — — — ($4.6m) ($133.5m) ($11.4m) ($3.5m) $200k
Write-down/loss on disposal of PP&E — — — — — — — $0 $27.4m $3.5m
Decommissioning and restoration payments — — — ($4.1m) ($18.7m) ($21.7m) ($15.5m) ($2.1m) ($2.1m) ($1.7m)
Other $2.6m $4.2m — $2.9m $2.7m $3.2m ($2.0m) $8.7m ($3.8m) ($27.7m)
Change in non-cash working capital $87.2m $9.0m — $3.6m ($2.4m) ($104.0m) $96.1m ($93.1m) ($24.9m) ($57.0m)
Acquisition of intangibles — — — — — — — $0 ($1.8m) ($2.8m)
Community agreements — — — — — ($26.5m) ($37.5m) ($10.7m) ($9.1m) ($17.5m)
Grants received — — — — — — — $0 $3.1m $700k
Consideration received from sale of non-core project — — — — — — — — $0 $14.9m
Investment income received $212k $890k — $8.1m $2.2m $1.3m $2.8m $8.0m $14.4m $24.0m
Repayment of revolving credit facility ($176.5m) ($281.4m) — — ($400.0m) ($600.0m) $0 ($143.0m) $0 $0
Repurchase of senior unsecured notes, net of discount — — — — — — — $0 ($81.9m) ($102.1m)
Copper Mountain non-controlling interest - acquisition payment — — — — — — — — $0 ($6.0m)
Equity and flow-through share issuance, net of issuance costs — — — — — — — $14.2m $398.0m $26.8m
Financing costs ($21.8m) ($26.6m) — ($26.1m) ($16.2m) ($19.6m) ($12.3m) ($12.2m) ($15.1m) ($11.7m)
Lease payments — — — ($33.0m) ($36.0m) ($37.7m) ($35.8m) ($25.2m) ($31.4m) ($36.9m)
Equipment financing payments — — — — — — $0 ($1.9m) ($10.2m) ($20.2m)
Gold prepayment repayments — — — — — $0 ($71.7m) ($26.7m) ($62.3m) $0
Deferred Rosemont acquisition payment — — — — — $0 ($10.0m) ($10.0m) ($10.0m) $0
Net payments on settlement of non-QP hedges — — — — — — — $0 ($7.9m) ($3.4m)
Net proceeds from exercise of stock options and warrants — — — — $0 $980k $1.3m $190k $4.4m $3.1m
Beginning Cash Position — — — — — — $271.0m $225.7m $249.8m $541.8m
Cash Flow From Continuing Financing Activities — — — — — — ($196.3m) ($182.4m) $10.2m ($214.4m)
Cash Flow From Continuing Investing Activities — — — — — — ($337.7m) ($271.8m) ($382.9m) ($468.4m)
Change In Inventory — — — — — — ($13.0m) $18.2m $10.0m ($13.6m)
Change In Other Working Capital — — — — — — $23.6m ($25.9m) ($29.8m) $42.1m
Change In Payable — — — — — — $2.4m ($31.5m) $43.2m $52.3m
Change In Payables And Accrued Expense — — — — — — $2.4m ($31.5m) $43.2m $52.3m
Change In Prepaid Assets — — — — — — ($5.4m) $16.4m ($11.8m) $3.5m
Change In Receivables — — — — — — $88.5m ($70.3m) ($36.5m) ($141.3m)
Change In Working Capital — — — — — — $96.1m ($93.1m) ($24.9m) ($57.0m)
Changes In Cash — — — — — — ($46.2m) $22.7m $293.5m $24.5m
End Cash Position — — — — — — $225.7m $249.8m $541.8m $568.9m
Financing Cash Flow — — — — — — ($196.3m) ($182.4m) $10.2m ($214.4m)
Free Cash Flow — — — — — — $178.8m $195.8m $317.3m $237.8m
Gain Loss On Investment Securities — — — — — — $3.6m $700k $9.2m $2.3m
Interest Received CFI — — — — — — $2.8m $8.0m $14.4m $24.0m
Investing Cash Flow — — — — — — ($337.7m) ($271.8m) ($382.9m) ($468.4m)
Issuance Of Capital Stock — — — — — — $0 $14.2m $398.0m $26.8m
Net Business Purchase And Sale — — — — — — $0 $11.0m $0 $14.9m
Net Foreign Currency Exchange Gain Loss — — — — — — ($5.4m) $5.3m $21.0m ($18.6m)
Net Intangibles Purchase And Sale — — — — — — — $0 ($1.8m) ($2.8m)
Net PPE Purchase And Sale — — — — — — ($304.9m) ($280.3m) ($347.1m) ($466.7m)
Operating Gains Losses — — — — — — ($191k) $13.0m $42.1m ($11.0m)
Other Non Cash Items — — — — — — ($101.3m) $45.5m $47.7m $3.2m
Pension And Employee Benefit Expense — — — — — — $1.5m $7.0m $11.9m $5.3m
Proceeds From Stock Option Exercised — — — — — — $1.3m $200k $4.4m $3.1m
Purchase Of Intangibles — — — — — — — $0 ($1.8m) ($2.8m)
Purchase Of PPE — $249.8m $190.9m $259.2m $361.2m $377.4m ($309.0m) ($281.1m) ($347.1m) ($466.7m)
Sale Of Business — — — — — — $0 $11.0m $0 $14.9m
Sale Of PPE — — — — — $0 $4.1m $800k $0 —
Stock Based Compensation — — — — — — $2.1m $7.4m $19.3m $61.3m
Unrealized Gain Loss On Investment Securities — — — — — — $942k $14.0m $7.5m ($55.2m)
Profit or Loss ($35.2m) $163.9m $85.4m ($343.8m) ($144.6m) ($244.4m) $70.4m $69.5m $67.8m $564.3m
Proceeds From Sales Of Property Plant And Equipment Classified As Investing Activities ($192.8m) ($249.8m) — ($259.2m) ($361.2m) ($377.4m) $4.1m $874k $0 ($466.7m)
Capital Expenditure — — — — — — ($309.0m) ($281.1m) ($348.9m) ($469.5m)
Net purchase of investments — — — — $0 $1.2m $1.9m $53k ($3.2m) ($61.8m)
Net Investment Purchase And Sale — — — — — — $1.9m $100k ($43.2m) ($21.8m)
Purchase Of Investment — — — — — — — — ($43.2m) ($61.8m)
Maturity of (investment in) short-term investments — — — — — — — $0 ($40.0m) $40.0m
Sale Of Investment — — — — — $1.2m $1.9m $53k — $40.0m
Net Other Investing Changes — — — — — — ($37.5m) ($10.6m) ($5.2m) ($16.0m)
Net cash flows from investing activities ($147.1m) ($234.3m) — ($292.4m) ($359.0m) ($375.0m) ($337.7m) ($271.8m) ($382.9m) ($468.4m)
Cash flows from financing activities:
Issuance Of Debt — — — — — $591.9m $0 $100.0m — —
Long Term Debt Issuance — — — — — $591.9m $0 $100.0m — —
Net Issuance Payments Of Debt — — — — — — ($35.8m) ($73.1m) ($223.5m) ($159.2m)
Net Long Term Debt Issuance — — — — — — ($35.8m) ($73.1m) ($223.5m) ($159.2m)
Long Term Debt Payments — — — — — — ($35.8m) ($173.1m) ($223.5m) ($159.2m)
Repayment Of Debt — — — — — — ($35.8m) ($173.1m) ($223.5m) ($159.2m)
Common Stock Issuance — — — — — — $0 $14.2m $398.0m $26.8m
Net Common Stock Issuance — — — — — — $0 $14.2m $398.0m $26.8m
Dividends paid $3.6m $3.7m $4.0m $3.9m $3.8m $4.1m $4.0m $4.5m $5.5m $5.6m
Dividends Paid Classified As Financing Activities $3.6m $3.7m $4.0m $3.9m $3.8m $4.1m $4.0m $4.5m $5.5m $5.6m
Cash Dividends Paid — — — — — — ($4.0m) ($4.5m) ($5.5m) ($5.6m)
Common Stock Dividend Paid — — — — — — ($4.0m) ($4.5m) ($5.5m) ($5.6m)
Net Other Financing Charges — — — — — — ($94.0m) ($45.2m) ($95.3m) ($21.1m)
Net cash flows from financing activities ($236.1m) ($92.8m) — ($137.8m) $162.1m ($175.9m) ($196.3m) ($182.4m) $10.2m ($214.4m)
Effect of movement in exchange rates on cash $1.1m ($2.8m) — ($59k) $434k ($1.1m) $843k $1.4m ($1.5m) $2.6m
Effect Of Exchange Rate Changes — — — — — — $843k $1.4m ($1.5m) $2.6m
Net increase in cash and cash equivalents $93.0m $209.6m — ($119.4m) $43.0m ($168.1m) ($45.3m) $24.1m $292.0m $27.1m
Change in restricted cash $45.9m $16.9m — $3.4m $0 ($100k) ($49k) $126k $800k $800k
Cash and cash equivalents, beginning of the year $146.9m $356.5m — $396.1m $439.1m $271.0m $225.7m $249.8m $541.8m $568.9m
Change In Cash Supplemental As Reported — — — — — — ($45.3m) $24.1m $292.0m $27.1m
Interest Paid Classified As Financing Activities $126.5m $52.7m $74.8m $74.8m $81.5m $84.4m $63.8m $74.0m $67.9m $58.4m
Income Taxes Paid Refund Classified As Operating Activities $13.6m $10.6m $37.3m $26.9m $12.6m $20.1m $39.6m $54.8m $132.5m $268.4m

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