Franco-Nevada (FNV.TO) Financial Statements
Price: $223.53
Market Cap: $43.04B
Avg Volume: 275.60K
Market Cap: $43.04B
Avg Volume: 275.60K
Country: CA
Industry: Gold
Sector: Basic Materials
Industry: Gold
Sector: Basic Materials
Overview of Financial Statements
Financial statements are records that provide an overview of a company's financial performance and position. There are three main types of financial statements:
- Income Statement: Shows the company's revenue, expenses, and profit over a specific period.
- Balance Sheet: Provides a snapshot of the company's assets, liabilities, and equity at a specific point in time.
- Cash Flow Statement: Details the cash inflows and outflows from operating, investing, and financing activities over a period.
This page presents both annual and quarterly data for these financial statements. The charts below provide a visual representation of the key metrics from each statement, helping you to quickly understand the financial health of Franco-Nevada.
Income Statement
| Breakdown | December 31, 2023 | December 31, 2022 | December 31, 2021 | December 31, 2020 | December 31, 2019 | December 31, 2018 | December 31, 2017 | December 31, 2016 | December 31, 2015 | December 31, 2014 |
|---|---|---|---|---|---|---|---|---|---|---|
| Revenue | $1.22B | $1.32B | $1.30B | $1.02B | $844.10M | $653.20M | $675.00M | $610.20M | $443.60M | $442.40M |
| Cost of Revenue | $452.40M | $463.10M | $477.90M | $399.80M | $408.00M | $365.90M | $415.00M | $379.60M | $309.40M | $236.00M |
| Gross Profit | $766.60M | $852.60M | $822.10M | $620.40M | $436.10M | $287.30M | $260.00M | $230.60M | $134.20M | $206.40M |
| Gross Profit Ratio | 62.89% | 64.80% | 63.20% | 60.81% | 51.66% | 43.98% | 38.52% | 37.79% | 30.25% | 46.65% |
| Research and Development Expenses | $- | $- | $- | $- | $- | $- | $3.60M | $3.40M | $2.70M | $2.20M |
| General and Administrative Expenses | $24.50M | $32.60M | $30.80M | $26.80M | $28.80M | $22.60M | $21.30M | $20.70M | $15.10M | $16.40M |
| Selling and Marketing Expenses | $4.40M | $- | $- | $- | $- | $- | $- | $3.40M | $2.70M | $2.20M |
| Selling General and Administrative Expenses | $28.90M | $32.60M | $30.80M | $26.80M | $28.80M | $22.60M | $21.30M | $20.70M | $15.10M | $16.40M |
| Other Expenses | $1.17B | $- | $- | $-1.70M | $- | $100.00K | $300.00K | $2.30M | $- | $- |
| Operating Expenses | $1.19B | $32.60M | $30.80M | $26.80M | $28.80M | $22.60M | $24.90M | $24.10M | $17.80M | $18.60M |
| Cost and Expenses | $1.65B | $495.70M | $508.70M | $426.60M | $436.80M | $388.50M | $439.90M | $403.70M | $327.20M | $254.60M |
| Interest Income | $52.30M | $12.60M | $3.70M | $3.70M | $3.50M | $3.10M | $5.40M | $3.50M | $5.30M | $3.90M |
| Interest Expense | $2.90M | $100.00K | $300.00K | $400.00K | $10.60M | $4.60M | $3.40M | $3.60M | $2.90M | $1.60M |
| Depreciation and Amortization | $273.10M | $286.20M | $299.60M | $241.00M | $263.20M | $247.70M | $273.00M | $273.80M | $216.30M | $163.10M |
| EBITDA | $-91.00M | $1.11B | $1.16B | $833.50M | $673.40M | $438.30M | $508.40M | $445.30M | $267.70M | $321.70M |
| EBITDA Ratio | -7.47% | 84.80% | 83.95% | 81.70% | 79.85% | 78.92% | 35.63% | 79.29% | 76.19% | 80.20% |
| Operating Income | $-428.00M | $820.70M | $860.70M | $592.50M | $410.20M | $188.80M | $235.40M | $155.40M | $53.50M | $156.30M |
| Operating Income Ratio | -35.11% | 62.38% | 66.21% | 58.08% | 48.60% | 28.90% | 34.87% | 25.47% | 12.06% | 35.33% |
| Total Other Income Expenses Net | $63.80M | $13.00M | $-2.90M | $3.00M | $-4.30M | $300.00K | $600.00K | $12.50M | $-2.80M | $300.00K |
| Income Before Tax | $-364.20M | $833.70M | $857.80M | $339.50M | $405.90M | $189.10M | $236.00M | $167.90M | $48.50M | $157.00M |
| Income Before Tax Ratio | -29.88% | 63.37% | 65.98% | 33.28% | 48.09% | 28.95% | 34.96% | 27.52% | 10.93% | 35.49% |
| Income Tax Expense | $102.20M | $133.10M | $124.10M | $13.30M | $61.80M | $50.10M | $41.30M | $45.70M | $23.90M | $50.30M |
| Net Income | $-466.40M | $700.60M | $733.70M | $326.20M | $344.10M | $139.00M | $194.70M | $122.20M | $24.60M | $106.70M |
| Net Income Ratio | -38.26% | 53.25% | 56.44% | 31.97% | 40.77% | 21.28% | 28.84% | 20.03% | 5.55% | 24.12% |
| EPS | $-2.43 | $3.51 | $3.81 | $1.80 | $1.88 | $0.75 | $1.07 | $0.70 | $0.16 | $0.71 |
| EPS Diluted | $-2.43 | $3.51 | $3.80 | $1.80 | $1.87 | $0.75 | $1.07 | $0.69 | $0.16 | $0.70 |
| Weighted Average Shares Outstanding | 192.00M | 191.50M | 191.10M | 190.30M | 187.70M | 185.17M | 181.99M | 174.33M | 156.12M | 149.75M |
| Weighted Average Shares Outstanding Diluted | 192.30M | 191.90M | 191.50M | 190.70M | 188.00M | 185.47M | 182.39M | 175.52M | 156.12M | 150.75M |
| SEC Filing | Source | Source | Source | Source | Source | Source | Source | Source | Source | Source |
Balance Sheet
| Breakdown | December 31, 2023 | December 31, 2022 | December 31, 2021 | December 31, 2020 | December 31, 2019 | December 31, 2018 | December 31, 2017 | December 31, 2016 | December 31, 2015 | December 31, 2014 |
|---|---|---|---|---|---|---|---|---|---|---|
| Cash and Cash Equivalents | $1.42B | $1.20B | $539.30M | $534.20M | $132.10M | $69.70M | $511.10M | $253.00M | $149.20M | $592.50M |
| Short Term Investments | $- | $654.80M | $9.59M | $10.50M | $13.40M | $33.00M | $- | $- | $18.80M | $- |
| Cash and Short Term Investments | $1.42B | $1.20B | $539.30M | $534.20M | $132.10M | $69.70M | $511.10M | $253.00M | $168.00M | $592.50M |
| Net Receivables | $111.00M | $135.70M | $119.80M | $93.40M | $97.80M | $75.50M | $65.90M | $71.10M | $65.10M | $72.10M |
| Inventory | $500.00K | $100.00K | $500.00K | $500.00K | $4.40M | $5.40M | $7.10M | $2.70M | $20.60M | $16.40M |
| Other Current Assets | $81.90M | $50.80M | $91.80M | $35.60M | $44.40M | $33.30M | $32.30M | $34.40M | $41.60M | $34.30M |
| Total Current Assets | $1.62B | $1.38B | $751.40M | $663.70M | $278.70M | $178.50M | $616.40M | $361.20M | $274.70M | $698.90M |
| Property Plant Equipment Net | $4.03B | $4.93B | $5.16B | $4.64B | $4.81B | $4.57B | $3.95B | $3.68B | $3.27B | $2.66B |
| Goodwill | $- | $- | $- | $- | $- | $- | $- | $- | $- | $- |
| Intangible Assets | $- | $- | $- | $- | $- | $- | $- | $- | $- | $- |
| Goodwill and Intangible Assets | $- | $- | $16.40M | $- | $37.60M | $- | $- | $7.10M | $-17.10M | $21.20M |
| Long Term Investments | $246.40M | $224.60M | $235.10M | $238.40M | $145.60M | $136.70M | $203.10M | $147.40M | $94.80M | $67.10M |
| Tax Assets | $37.00M | $39.90M | $49.40M | $45.10M | $6.80M | $17.30M | $14.50M | $21.30M | $16.10M | $13.90M |
| Other Non-Current Assets | $61.70M | $45.00M | $1.20M | $6.20M | $1.90M | $33.00M | $1.90M | $1.60M | $31.20M | $1.00M |
| Total Non-Current Assets | $4.38B | $5.24B | $5.46B | $4.93B | $5.00B | $4.75B | $4.17B | $3.86B | $3.40B | $2.77B |
| Other Assets | $- | $- | $- | $- | $- | $- | $- | $- | $- | $- |
| Total Assets | $5.99B | $6.63B | $6.21B | $5.59B | $5.28B | $4.93B | $4.79B | $4.22B | $3.67B | $3.47B |
| Account Payables | $5.50M | $7.00M | $8.50M | $3.50M | $6.80M | $7.30M | $6.20M | $9.60M | $6.20M | $6.20M |
| Short Term Debt | $- | $- | $- | $- | $- | $- | $- | $- | $- | $- |
| Tax Payables | $8.30M | $7.10M | $9.60M | $12.40M | $11.60M | $1.40M | $1.10M | $16.60M | $2.80M | $3.40M |
| Deferred Revenue | $- | $- | $- | $- | $- | $- | $- | $- | $- | $- |
| Other Current Liabilities | $25.40M | $36.10M | $25.10M | $37.30M | $35.00M | $16.30M | $15.30M | $11.40M | $11.80M | $11.50M |
| Total Current Liabilities | $39.20M | $50.20M | $43.20M | $53.20M | $53.40M | $25.00M | $22.60M | $37.60M | $20.80M | $21.10M |
| Long Term Debt | $- | $- | $- | $- | $82.60M | $207.60M | $- | $- | $457.30M | $- |
| Deferred Revenue Non-Current | $- | $- | $- | $- | $80.00M | $-67.30M | $- | $- | $-33.20M | $- |
| Deferred Tax Liabilities Non-Current | $180.10M | $153.00M | $135.40M | $91.50M | $82.40M | $67.30M | $60.30M | $37.50M | $33.20M | $40.30M |
| Other Non-Current Liabilities | $5.70M | $159.00M | $141.50M | $95.90M | $- | $- | $- | $- | $- | $- |
| Total Non-Current Liabilities | $185.80M | $159.00M | $141.50M | $95.90M | $165.00M | $274.90M | $60.30M | $37.50M | $490.50M | $40.30M |
| Other Liabilities | $- | $- | $- | $- | $- | $- | $- | $- | $- | $- |
| Total Liabilities | $225.00M | $209.20M | $184.70M | $149.10M | $218.40M | $299.90M | $82.90M | $75.10M | $511.30M | $61.40M |
| Preferred Stock | $- | $- | $- | $- | $- | $- | $- | $- | $- | $- |
| Common Stock | $5.73B | $5.70B | $5.63B | $5.58B | $5.39B | $5.16B | $5.11B | $4.67B | $3.71B | $3.66B |
| Retained Earnings | $212.30M | $940.40M | $484.90M | $-34.40M | $-164.40M | $-321.70M | $-310.00M | $-336.80M | $-302.20M | $-197.80M |
| Accumulated Other Comprehensive Income Loss | $-192.00M | $-233.70M | $-104.30M | $-115.90M | $-178.30M | $-220.30M | $-106.50M | $-224.50M | $-288.10M | $-98.80M |
| Other Total Stockholders Equity | $20.60M | $15.60M | $16.10M | $14.00M | $14.20M | $15.60M | $14.20M | $41.60M | $44.30M | $45.50M |
| Total Stockholders Equity | $5.77B | $6.42B | $6.03B | $5.44B | $5.06B | $4.63B | $4.71B | $4.15B | $3.16B | $3.41B |
| Total Equity | $5.77B | $6.42B | $6.03B | $5.44B | $5.06B | $4.63B | $4.71B | $4.15B | $3.16B | $3.41B |
| Total Liabilities and Stockholders Equity | $5.99B | $6.63B | $6.21B | $5.59B | $5.28B | $4.93B | $4.79B | $4.22B | $3.67B | $3.47B |
| Minority Interest | $- | $- | $- | $- | $- | $- | $- | $- | $- | $- |
| Total Liabilities and Total Equity | $5.99B | $6.63B | $6.21B | $5.59B | $5.28B | $4.93B | $4.79B | $4.22B | $3.67B | $3.47B |
| Total Investments | $246.40M | $224.60M | $235.10M | $238.40M | $145.60M | $169.70M | $203.10M | $147.40M | $113.60M | $67.10M |
| Total Debt | $- | $6.00M | $6.09M | $4.40M | $82.60M | $207.60M | $- | $- | $457.30M | $- |
| Net Debt | $-1.42B | $-1.19B | $-533.21M | $-529.80M | $-49.50M | $137.90M | $-511.10M | $-253.00M | $308.10M | $-592.50M |
Cash Flow Statement
| Breakdown | December 31, 2023 | December 31, 2022 | December 31, 2021 | December 31, 2020 | December 31, 2019 | December 31, 2018 | December 31, 2017 | December 31, 2016 | December 31, 2015 | December 31, 2014 |
|---|---|---|---|---|---|---|---|---|---|---|
| Net Income | $-474.95M | $700.60M | $733.70M | $326.20M | $344.10M | $139.00M | $194.70M | $122.20M | $24.60M | $106.70M |
| Depreciation and Amortization | $278.11M | $286.20M | $233.10M | $503.50M | $263.20M | $323.30M | $274.00M | $314.90M | $284.50M | $195.30M |
| Deferred Income Tax | $26.60M | $37.40M | $37.10M | $-35.20M | $22.70M | $10.00M | $21.80M | $3.50M | $-2.20M | $18.60M |
| Stock Based Compensation | $4.40M | $8.20M | $8.00M | $5.60M | $4.90M | $5.20M | $4.60M | $5.00M | $4.50M | $3.90M |
| Change in Working Capital | $6.10M | $-10.90M | $-41.00M | $1.00M | $-13.80M | $4.40M | $-7.00M | $6.30M | $-63.70M | $-65.00M |
| Accounts Receivables | $24.70M | $-15.27M | $-26.17M | $4.63M | $-22.82M | $-9.60M | $5.20M | $-6.00M | $7.00M | $5.90M |
| Inventory | $- | $- | $- | $- | $- | $- | $- | $- | $- | $- |
| Accounts Payables | $- | $- | $- | $- | $- | $- | $- | $- | $- | $- |
| Other Working Capital | $-18.60M | $4.37M | $-14.83M | $-3.63M | $9.02M | $14.00M | $-12.20M | $12.30M | $-70.70M | $-70.90M |
| Other Non Cash Items | $1.15B | $-22.00M | $-15.50M | $2.80M | $-3.40M | $-7.10M | $500.00K | $19.10M | $5.80M | $7.50M |
| Net Cash Provided by Operating Activities | $991.20M | $999.50M | $955.40M | $803.90M | $617.70M | $474.80M | $488.60M | $471.00M | $253.50M | $267.00M |
| Investments in Property Plant and Equipment | $-521.60M | $-141.50M | $-760.50M | $-312.60M | $-445.20M | $-989.60M | $-501.20M | $-747.10M | $-1.02B | $-857.90M |
| Acquisitions Net | $- | $- | $4.50M | $- | $-9.10M | $- | $- | $-744.80M | $-1.02B | $- |
| Purchases of Investments | $-9.80M | $-48.50M | $-17.20M | $- | $-3.90M | $- | $-12.30M | $-1.60M | $-111.30M | $-54.60M |
| Sales Maturities of Investments | $2.00M | $1.80M | $12.70M | $3.60M | $13.00M | $900.00K | $12.60M | $28.60M | $25.60M | $45.20M |
| Other Investing Activities | $-11.70M | $42.70M | $-4.50M | $3.60M | $9.10M | $900.00K | $300.00K | $775.10M | $1.08B | $51.40M |
| Net Cash Used for Investing Activities | $-541.10M | $-145.50M | $-765.00M | $-309.00M | $-436.10M | $-988.70M | $-500.90M | $-689.80M | $-1.05B | $-815.90M |
| Debt Repayment | $- | $- | $- | $-80.00M | $-130.00M | $210.00M | $- | $-460.00M | $460.00M | $- |
| Common Stock Issued | $2.95M | $9.12M | $396.48K | $135.70M | $136.00M | $3.99M | $379.68M | $883.50M | $9.67M | $479.80M |
| Common Stock Repurchased | $- | $- | $-396.48K | $- | $- | $- | $- | $- | $- | $- |
| Dividends Paid | $-233.00M | $-197.60M | $-179.60M | $-154.90M | $-138.20M | $-136.10M | $-125.80M | $-118.10M | $-94.10M | $-90.70M |
| Other Financing Activities | $2.90M | $8.60M | $-600.00K | $7.40M | $12.40M | $3.70M | $365.50M | $16.30M | $8.20M | $5.60M |
| Net Cash Used Provided by Financing Activities | $-230.10M | $-189.00M | $-180.20M | $-91.80M | $-119.80M | $77.60M | $239.70M | $321.70M | $374.10M | $394.70M |
| Effect of Forex Changes on Cash | $5.40M | $-7.80M | $-5.10M | $-1.00M | $600.00K | $-5.10M | $30.70M | $900.00K | $-25.60M | $-23.30M |
| Net Change in Cash | $225.40M | $657.20M | $5.10M | $402.10M | $62.40M | $-441.40M | $258.10M | $103.80M | $-443.30M | $-177.50M |
| Cash at End of Period | $1.42B | $1.20B | $539.30M | $534.20M | $132.10M | $69.70M | $511.10M | $253.00M | $149.20M | $592.50M |
| Cash at Beginning of Period | $1.20B | $539.30M | $534.20M | $132.10M | $69.70M | $511.10M | $253.00M | $149.20M | $592.50M | $770.00M |
| Operating Cash Flow | $991.20M | $999.50M | $955.40M | $803.90M | $617.70M | $474.80M | $488.60M | $471.00M | $253.50M | $267.00M |
| Capital Expenditure | $-521.60M | $-141.50M | $-760.50M | $-312.60M | $-445.20M | $-989.60M | $-501.20M | $-747.10M | $-1.02B | $-857.90M |
| Free Cash Flow | $469.60M | $858.00M | $194.90M | $491.30M | $172.50M | $-514.80M | $-12.60M | $-276.10M | $-766.90M | $-590.90M |