Franco-Nevada (FNV) Financials

Franco-Nevada Corp (FNV) is a leading gold-focused royalty and streaming company with a diverse portfolio of high-quality assets. The company's income statement reflects its strong financial performance and profitability. In its most recent fiscal year, FNV reported a robust gross profit of $854 million, representing a significant increase from the previous year. This growth can be attributed to higher gold prices and increased production from its portfolio of mines. FNV's total revenue for the year amounted to $1.1 billion, demonstrating its ability to generate substantial income from its operations. The company's net income from stockholders was reported at $292 million, reflecting its ability to deliver value to its shareholders.

FNV's balance sheet highlights its strong financial position and solid asset base. The company's total assets stood at $4.3 billion, comprising a diverse portfolio of royalties and streaming agreements with mining companies around the world. FNV's stockholders' equity amounted to $3.1 billion, indicating a healthy capital structure and strong financial backing. The company's total liabilities were reported at $1.2 billion, showcasing a reasonable debt load compared to its total assets. FNV's cash equivalents totaled $34 million, providing it with ample liquidity to support its operations and future growth initiatives. Additionally, FNV's net debt stood at $922 million, reflecting its disciplined approach to managing its debt obligations.

In terms of cash flow, FNV has consistently generated strong operating cash flow, indicating its ability to generate cash from its core operations. The company's operating cash flow for the year was $760 million, demonstrating its ability to fund its day-to-day activities and invest in future growth opportunities. FNV's investing cash flow was -$208 million, primarily driven by its investments in new streaming agreements and royalties. The company's financing cash flow was -$394 million, reflecting its repayment of debt and dividend payments to shareholders. Overall, FNV's free cash flow for the year amounted to $548 million, illustrating its ability to generate excess cash after meeting its capital expenditure and financing needs.