Franco Nevada Corp cash flow statement

In fiscal 2025, Franco Nevada Corp's operations generated $1.49bn of cash; it spent $2.4m on capital projects, leaving free cash flow of $1.49bn. It returned $275m in dividends.

Cash flow statement

US$ millions unless shown otherwise. Fiscal years, plus the last twelve months (LTM) when newer.

Franco Nevada Corp: cash flow statement, annual
Fiscal year	2016Dec 2016	2017Dec 2017	2018Dec 2018	2019Dec 2019	2020Dec 2020	2021Dec 2021	2022Dec 2022	2023Dec 2023	2024Dec 2024	2025Dec 2025
Cash from operations	471	489	475	618	804	955	1,000	991	830	1,494
Depreciation and amortisation	274	273	248	263	241	300	286	273	225	307
Stock-based pay	5	5	5	5	6	8	8	6	5	6
Capital spending	0	—	—	—	—	—	—	—	0	2
Free cash flow	471	—	—	—	—	—	—	—	829	1,491
Free cash flow after stock pay	466	—	—	—	—	—	—	—	824	1,485
Dividends paid	118	126	136	138	155	180	198	233	242	275

Free cash flow is cash from operations minus capital spending. Free cash flow after stock pay also subtracts stock-based compensation, a real cost to shareholders that the cash flow statement adds back. Dividends, buybacks and shares issued are cash amounts for the period.

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Figures from Franco Nevada Corp's SEC filings (10-K and 10-Q), retrieved November 1, 2026. How we read and check them: methodology and data sources. Not investment advice. Back to Franco Nevada Corp.