SSR MINING 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:
Adjustments to reconcile net income to net cash provided by operating activities:
Net income for the year $65.0m $71.5m ($31k) $55.8m $140.5m $3.3b $1.0b $2.0b $3.1b $7.2b
Net Income From Continuing Operations $210.4m ($120.2m) ($352.6m) $362.4m
Net Income (Loss) Attributable to Parent $368.1m $194.1m ($98.0m) ($261.3m) $395.8m
Net Income (Loss) Available to Common Stockholders, Basic $194.1m ($98.0m) ($261.3m) $395.8m
Other Adjustments To Reconcile Profit Loss $6.4m $3.6m $6.9m $11.5m $2.8m
Net Income (Loss), Including Portion Attributable to Noncontrolling Interest $65.0m $71.5m ($31k) $55.8m $140.5m $425.9m $210.4m ($120.2m) ($352.6m) $362.4m
Net Income (Loss) Attributable to Noncontrolling Interest $57.8m $16.3m ($22.2m) ($91.3m) ($33.3m)
Depreciation, Depletion and Amortization $1.6b $1.6b $1.5b $2.0b $2.2b $228.0m $181.4m $214.0m $130.2m $116.2m
Amortization of Debt Issuance Costs and Discounts $948k $976k $1.0m
Depletion and depreciation $76.2m $102.5m $100.5m $108.2m $126.4m
Depreciation Amortization Depletion $181.4m $214.0m $130.2m $116.2m
Deferred Income Tax Expense (Benefit) ($130.6m) ($67.9m) ($136.2m) ($21.9m) ($56.7m)
Deferred Income Tax ($67.9m) ($134.8m) ($14.2m) ($41.6m)
Deferred Tax ($67.9m) ($134.8m) ($14.2m) ($41.6m)
Share-based Payment Arrangement, Noncash Expense $14.8m $6.5m $5.2m $4.7m $44.6m
Adjustments For Share-Based Payments $2.1m $2.2m $2.2m $4.0m $2.1m
Goodwill, Impairment Loss $49.8m $0 $0
Impairment charges (reversals) (notes 10 and 21) ($250.0m) ($212.0m) $900.0m ($1.4b) ($269.0m) ($63.0m) $1.7b $312.0m ($457.0m) $12.0m
Asset Impairment Charge $0 $424.0m $115.1m $2.7m
Income (Loss) from Equity Method Investments ($3.0m) ($339k) ($351k) ($546k) ($486k)
Gain (Loss) on Extinguishment of Debt $0
Adjustments For Income Tax Expense $16.0m $3.1m $8.1m $30.4m $40.9m
Gain (Loss) on Disposition of Assets ($762k)
Gain (Loss) on Disposition of Other Assets $3.2m ($2.1m)
Gain (Loss) on Disposition of Property Plant Equipment $412k ($1.5m) ($1.4m)
Income Tax Expense (Benefit) ($14.1m) $30.1m ($82.5m) $33.3m $80.2m
Interest Expense Nonoperating $13.0m $14.6m
Other Nonoperating Income (Expense) ($14.1m) $20.3m $50.2m $26.3m $26.3m
Interest expense $22.5m $26.5m $20.6m $30.0m $25.4m $355.0m $301.0m $170.0m $232.0m $227.0m
Income tax expense $16.0m $3.1m $8.1m $30.4m $40.9m $1.3b $664.0m $861.0m $1.5b $1.7b
Proceeds from sales of investments other than investments accounted for using equity method $0 ($7.0m) ($159.0m) ($4.0m) $220.0m ($381.0m) $97.0m $43.0m
Dividends received from investments accounted for using equity method, classified as investing activities $141 $520 $869 $273 $198 $254
Purchase of investments other than investments accounted for using equity method ($4.0m) ($46.0m) ($23.0m)
Net funds (invested) received from equity method investments $48.0m ($5.0m)
Earnings (Loss)es From Equity Investments $3.0m $339k $351k
Changes in operating assets and liabilities:
Additional Financial Items
Increase (Decrease) in Inventories $20.8m $108.2m $33.3m $80.3m $147.9m
Increase (Decrease) in Accounts Payable ($6.9m) $40.8m ($41.9m) ($6.5m) ($1.1m)
Increase (Decrease) in Other Operating Assets $1.5m $6.1m $19.5m ($133k) $5.1m
Adjustments For Finance Costs $22.5m $26.5m $20.6m $30.0m $25.4m
Adjustments For Unrealised Foreign Exchange Losses Gains $2.1m ($4.4m) ($13.0m) $2.2m ($159k)
Asset Retirement Obligation, Accretion Expense $4.8m $6.0m $8.7m $9.7m $25.6m
Disposal Group, Not Discontinued Operation, Gain (Loss) on Disposal $3.2m ($2.8m)
Foreign Currency Transaction Gain (Loss), before Tax $3.6m ($32.5m) ($105.7m) ($9.7m) ($30.1m)
Gain (Loss) on Sale of Derivatives ($12k) $0 $5.8m
General and Administrative Expense $56.6m $71.7m $67.5m $62.9m $107.8m
Goodwill $49.8m $49.8m $49.8m $49.8m $49.8m $49.8m $49.8m $0
Increase Decrease In Working Capital ($9.2m) $4.9m $30.9m $61.0m ($63.1m)
Inventory Write-down $0 $0 $12.6m $501k $2.7m
Marketable Securities, Unrealized Gain (Loss) $602k $4.2m $7.7m $9.5m
Nonoperating Income (Expense) ($29.6m) $50.6m ($72.2m) $3.6m ($18.3m)
Payments Of Lease Liabilities Classified As Financing Activities $1.1m $4.9m
Proceeds From Borrowings Classified As Financing Activities $230.0m $3.1m
Proceeds from Stock Options Exercised $8.8m $2.6m $208k $0
Repayments Of Borrowings Classified As Financing Activities $3.8m $0 $35.0m
Unrealized Gain (Loss) on Derivatives $5.1m ($982k) ($4k)
Interest and other finance income ($11.8m) ($11.9m) ($6.5m)
Non-cash foreign exchange (gain) loss $2.1m ($4.4m) ($13.0m) $2.2m ($159k) $29.0m $16.0m $93.0m $39.0m $3.0m
Loss on redemption of convertible debt $0 $5.4m $0
Other $1.2m $1.7m $6.9m $252k $8.5m
Net change in operating assets and liabilities $9.2m ($4.9m) ($30.9m) ($61.0m) $63.1m ($273.0m) ($322.0m) ($404.0m) ($382.0m) ($23.0m)
Expenditures on mineral properties, plant and equipment ($42.3m) ($28.9m) ($67.7m) ($135.8m) ($169.3m) ($2.4b) ($3.0b) ($3.1b) ($3.2b) ($3.8b)
Purchases of marketable securities $0 ($23.1m) ($3.4m) ($29.6m)
Net proceeds from sales of marketable securities $5.0m $68.6m $63.4m $3.3m $97.1m
Interest received $1.7m $3.9m $9.2m $9.7m $3.7m $35.0m $89.0m $237.0m $237.0m $189.0m
Acquisition of non-controlling interest $0 ($11.4m) ($60.2m) ($2.4m) $0
Cash generated by (used in) investing activities ($43.3m) ($15.5m) ($115.9m) ($130.3m) $180.8m ($1.9b) ($1.7b) ($2.8b) ($2.8b) ($1.2b)
Redemption of convertible notes $0 ($152.2m) ($115.0m)
Proceeds from Issuance of convertible notes, net of transaction costs $222.9m $0
Proceeds from exercise of stock options $6.7m $2.3m $5.3m $7.2m $6.7m
Settlement of restricted share units ("RSUs") and performance share units ("PSUs") $0 ($14.5m) ($750.0m) $0
Funding from non-controlling interest $0 $2.3m $15.2m $3.7m $0 $12.0m $0 $40.0m $146.0m $362.0m
Lease payments $0 ($1.1m) ($4.9m) ($20.0m) ($20.0m) ($13.0m) ($14.0m) ($12.0m)
Cash (used in) generated by financing activities ($11.1m) $4.6m $20.5m $80.6m ($173.2m) ($2.4b) ($2.6b) $1.2b $1.8b $3.8b
Income from equity investees (note 16) ($288.0m) ($446.0m) ($258.0m) ($232.0m) ($241.0m) ($444.0m)
Net expense for business combination $0 $625.0m
Gain on sale of non-current assets (note 9) ($911.0m) ($68.0m) ($441.0m) ($180.0m) ($213.0m) ($405.0m) ($364.0m) ($24.0m) ($1.5b)
Other operating activities (note 15) ($190.0m) ($203.0m) ($217.0m) ($113.0m) ($280.0m) ($375.0m)
Sales proceeds $135.0m $28.0m $70.0m $41.0m $45.0m $35.0m $88.0m $13.0m $19.0m $4.0m
Cash receipts from repayment of advances and loans made to other parties $79.0m $2.0m $0 $7.0m $155.0m $298.0m
Share buyback program (note 31) $0 ($424.0m) $0 ($498.0m) ($1.5b)
Disbursements to non-controlling interests (note 32) ($95.0m) ($139.0m) ($108.0m) ($421.0m) ($1.4b) ($1.1b) ($833.0m) ($554.0m) ($785.0m) ($1.8b)
Proceeds from issue of bonds, notes and debentures $327.0m $444.0m $242.0m $52.0m ($9.0m)
Remeasurement of Turquoise Ridge to fair value (note 4) $0 ($1.9b) $0
Lease repayments $0 ($28.0m)
Debt extinguishment costs ($129.0m) ($102.0m) ($29.0m)
Beginning Cash Position $1.1b $689.1m $492.5m $387.9m
Cash Flow From Continuing Financing Activities ($271.8m) ($182.3m) $6.9m $26.2m
Cash Flow From Continuing Investing Activities ($236.3m) ($339.3m) ($143.1m) ($339.7m)
Change In Account Payable ($6.9m) $40.8m ($41.9m)
Change In Accrued Expense $38.8m ($60.9m) $4.0m
Change In Inventory ($20.8m) ($108.2m) ($33.3m)
Change In Other Current Assets ($1.5m) ($6.1m) ($19.5m)
Change In Other Current Liabilities ($429k) ($12.2m) $193k
Change In Other Working Capital ($243k) ($1.2m) ($1.5m)
Change In Payable ($6.9m) $40.8m ($41.9m)
Change In Payables And Accrued Expense $31.9m ($20.0m) ($37.8m)
Change In Receivables ($38.1m) ($11.7m) ($42.2m)
Change In Working Capital ($146.0m) ($132.7m) ($72.3m) ($172.7m)
Changes In Cash ($347.2m) ($99.8m) ($96.1m) $158.3m
End Cash Position $689.1m $492.5m $387.9m $534.8m
Financing Cash Flow ($271.8m) ($182.3m) $6.9m $26.2m
Free Cash Flow $23.4m $198.3m ($103.4m) $241.6m
Gain Loss On Investment Securities ($5.1m) $982k $4k
Gain Loss On Sale Of Business $0 ($81.9m) $0 $0
Gain Loss On Sale Of PPE ($412k) $1.5m $1.4m
Investing Cash Flow ($236.3m) ($339.3m) ($143.1m) ($339.7m)
Issuance Of Capital Stock $408k $0
Net Business Purchase And Sale ($170.1m) ($119.9m) $0 ($106.0m)
Net Foreign Currency Exchange Gain Loss $25.8m $138.6m $17.5m $16.3m
Net PPE Purchase And Sale ($102.4m) ($223.4m) ($138.7m) ($230.2m)
Operating Gains Losses ($54.6m) $139.9m $14.2m $18.4m
Other Non Cash Items $31.7m $30.6m $222.7m $151.4m
Proceeds From Stock Option Exercised $8.8m $2.6m $208k $0
Purchase Of Business ($170.1m) ($119.9m) $0 ($106.0m)
Purchase Of PPE $28.9m $67.7m $135.8m $169.3m $164.8m ($137.5m) ($223.4m) ($143.5m) ($230.2m)
Repurchase Of Capital Stock ($100.0m) ($56.3m) ($9.8m) $0
Sale Of PPE $35.1m $0 $4.9m $0
Stock Based Compensation $6.5m $5.2m $4.7m $44.6m
Unrealized Gain Loss On Investment Securities ($602k) ($4.2m) ($7.7m) ($9.5m)
Other Operating Income (Expense), Net ($2.1m) ($1.3m) ($37.2m) ($13.1m)
Net Cash Provided by (Used in) Operating Activities $170.7m $144.7m $59.8m $134.2m $348.6m $609.0m $160.9m $421.7m $40.1m $471.9m
Cash flows from investing activities:
Payments to Acquire Property, Plant, and Equipment $164.8m $137.5m $223.4m $143.5m $230.2m
Net Investment Purchase And Sale $26.6m $4.2m ($4.0m) ($4.2m)
Purchase Of Investment ($9.0m) ($15.5m) ($31.3m) ($101.6m)
Loss (gain) on sale of non-current assets/investments (note 9a) $42.0m ($911.0m)
Sale Of Investment $35.6m $19.7m $27.3m $97.4m
Proceeds from divestitures $588.0m $990.0m $0 $750.0m $283.0m $27.0m $0 $0 $2.2b
Payments for (Proceeds from) Other Investing Activities $742k ($1.2m) $83k $454k ($656k)
Cash advances and loans made to other parties, classified as investing activities $0 ($59.0m) ($1.0m)
Other investing activities (note 15) ($9.0m) $48.0m ($5.0m) $213.0m $220.0m
Net Other Investing Changes $9.6m ($83k) ($454k) $656k
Net Cash Provided by (Used in) Investing Activities ($129.1m) ($236.3m) ($339.3m) ($143.1m) ($339.7m)
Cash flows from financing activities:
Proceeds from issuance of debt $5.0m $0 $0 $230.0m $3.1m
Issuance Of Debt $0 $6.5m $22.2m $33.6m
Long Term Debt Issuance $0 $6.5m $22.2m $33.6m
Net Issuance Payments Of Debt ($81.2m) ($68.5m) $16.7m $28.7m
Net Long Term Debt Issuance ($81.2m) ($68.5m) $16.7m $28.7m
Repayment of debt, principal ($3.8m) $0 ($28.0m) $0 ($35.0m) ($7.0m) ($375.0m) ($43.0m) $0 ($14.0m)
Long Term Debt Payments ($81.2m) ($75.0m) ($5.5m) ($4.9m)
Repayment Of Debt ($81.2m) ($75.0m) ($5.5m) ($4.9m)
Common Stock Issuance $408k $0
Net Common Stock Issuance ($100.0m) ($56.3m) ($9.8m) $0
Payments for Repurchase of Common Stock $148.1m $100.0m $56.3m $9.8m $0
Payments of Ordinary Dividends, Common Stock $43.2m $58.8m $57.7m $0 $0
Common Stock Payments ($100.0m) ($56.3m) ($9.8m) $0
Proceeds from Noncontrolling Interests $0 $6.5m
Dividends (note 31) ($86) ($125) ($125) ($548) ($547) ($634) ($1k) ($700) ($696) ($890)
Cash Dividends Paid ($58.8m) ($57.7m) $0 $0
Common Stock Dividend Paid ($58.8m) ($57.7m) $0 $0
Proceeds from (Payments for) Other Financing Activities ($1.7m) $195k $0 $0 ($2.5m)
Other financing activities (note 15) ($29.0m) ($1.0m) $28.0m $115.0m $191.0m $65.0m
Net Other Financing Charges ($56.8m) ($34.3m) $208k ($2.5m)
Net Cash Provided by (Used in) Financing Activities ($319.8m) ($271.8m) ($182.3m) $6.9m $26.2m
Effect of Exchange Rate on Cash, Cash Equivalents, Restricted Cash and Restricted Cash Equivalents ($3.1m) ($16.6m) ($96.8m) ($8.5m) ($11.4m)
Effect of foreign exchange rate changes on cash and cash equivalents ($1.1m) ($1.1m) ($5.0m) $12k $789k ($1.0m) ($6.0m) ($3.0m) ($6.0m) $2.0m
Effect Of Exchange Rate Changes ($16.6m) ($96.8m) ($8.5m) ($11.4m)
Cash, Cash Equivalents, Restricted Cash and Restricted Cash Equivalents, Period Increase (Decrease), Including Exchange Rate Effect $156.9m ($363.8m) ($196.6m) ($104.6m) $147.0m
Increase in cash and cash equivalents $115.3m $132.7m ($40.7m) $84.4m $357.0m $92.0m ($840.0m) ($292.0m) ($74.0m) $2.6b
Cash, Cash Equivalents, Restricted Cash and Restricted Cash Equivalents $1.1b $689.1m $492.5m $387.9m $534.8m
Cash and cash equivalents acquired in Alacer acquisition $16.8m $0 $0 $0 $270.4m
Cash and cash equivalents, beginning of year $327.1m $459.9m $419.2m $503.6m $860.6m $5.3b $4.4b $4.1b $4.1b $4.1b
Supplemental disclosure of cash flow information:
Change In Cash Supplemental As Reported ($363.8m) ($196.6m) ($104.6m) $147.0m
Interest Paid, Excluding Capitalized Interest, Operating Activities ($8.1m) ($15.2m) ($13.8m) ($11.6m) ($13.7m) $12.5m $22.6m $16.5m $7.4m $9.0m
Interest Paid Classified As Financing Activities ($8.1m) ($15.2m) ($13.8m) ($11.6m) $13.7m ($303.0m) ($305.0m) ($300.0m) ($380.0m) ($291.0m)
Interest Paid Classified As Operating Activities $8.1m $15.2m $13.8m $11.6m ($13.7m) ($303.0m) ($305.0m) ($300.0m) ($380.0m) ($291.0m)
Income Taxes Paid, Net ($18.6m) ($4.3m) ($12.8m) ($20.9m) ($43.7m) ($1.3b) ($767.0m) ($524.0m) ($776.0m) $101.3m
Income Taxes Paid Refund Classified As Operating Activities $18.6m $4.3m $12.8m $20.9m $43.7m ($1.3b) ($767.0m) ($524.0m) ($776.0m) ($1.5b)

Values abbreviated: b = billions, m = millions, k = thousands. Per share data in USD.