Hudbay Minerals Inc. cash flow statement

In fiscal 2025, Hudbay Minerals Inc.'s operations generated $707m of cash; it spent $467m on capital projects, leaving free cash flow of $241m. It returned $5.6m in dividends.

Cash flow statement

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

Hudbay Minerals Inc.: 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	475	540	480	311	239	385	488	477	666	707
Depreciation and amortisation	299	298	333	347	364	360	339	393	428	441
Stock-based pay	10	16	−2	3	15	12	2	7	19	61
Capital spending	193	250	191	259	361	352	309	281	347	467
Free cash flow	282	290	289	52	−122	33	179	196	319	241
Free cash flow after stock pay	272	274	291	49	−137	21	177	188	300	179
Dividends paid	4	4	4	4	4	4	4	5	6	6

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 Hudbay Minerals Inc.'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 Hudbay Minerals Inc.