Gold Fields Limited (GFI) quarterly cash flow statement — complete operating, investing & financing history
| Metric | Q4'25 | Q2'25 | Q4'24 | Q2'24 | Q4'23 | Q2'23 | Q4'22 | Q2'22 | Q4'21 | Q2'21 | Q4'20 | Q2'20 | Q4'19 | Q2'19 | Q4'18 | Q2'18 | Q4'17 | Q2'17 | Q4'16 | Q2'16 |
|---|
| Cash from Operations | 2.85B | 1.69B | 1.33B | 645.2M | 859.46M | 726.7M | 942.07M | 856.4M | 885.6M | 666.9M | 700.5M | 548.6M | 434.1M | 456.4M | 351.3M | 262.9M | 554.6M | 270.6M | 572.8M | 383.9M |
| Operating CF Margin % | 53.97% | 48.54% | 43.18% | 30.38% | 38.46% | 32.07% | 45.92% | 38.31% | 40.04% | 33.62% | 32.77% | 31.27% | 27.33% | 33.11% | 28.63% | 19.46% | 38.06% | 20.74% | 40.71% | 30.48% |
| Operating CF Growth % | 114.73% | 162.31% | 54.63% | -11.22% | -8.77% | -15.14% | 6.38% | 28.42% | 26.42% | 21.56% | 61.37% | 20.2% | 23.57% | 73.6% | -36.66% | -2.85% | -3.18% | -29.51% | 35.67% | 13.98% |
| Net Income | 2.55B | 1.03B | 856M | 389M | 267.72M | 457.8M | 212.94M | 509.7M | 401.9M | 387.4M | 567.5M | 155.5M | 91.1M | 70.5M | 18.4M | -366.6M | -69.7M | 51M | 42.9M | 115.3M |
| Depreciation & Amortization | 559.8M | 392.23M | 358.8M | 281M | 387.4M | 423.5M | 499.61M | 377.8M | 429.6M | 314.9M | 382.9M | 305.1M | 348.1M | 291.9M | 361.1M | 346.9M | 424.9M | 324.8M | 493.6M | 295.6M |
| Stock-Based Compensation | 0 | 0 | 900K | 0 | 0 | 4.7M | 0 | 4.1M | 6.3M | 6.4M | 7.8M | 6.7M | 9.3M | 11.2M | 17.2M | 20.3M | 15.4M | 11.4M | 8.5M | 5.5M |
| Deferred Taxes | 487.51M | 183.28M | 0 | 0 | 6.89M | 0 | -34.91M | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| Other Non-Cash Items | -814.91M | -26.47M | 281M | -104.7M | 1.01B | 871.9M | 1.41B | -44.3M | 131.3M | -40.9M | -101.6M | 103.1M | 49.5M | 80.7M | -39.8M | 256.4M | 216M | -91.3M | 53.7M | -22M |
| Working Capital Changes | 73.9M | 114M | -167.7M | 79.9M | -42.3M | -159.3M | -151.06M | 9.1M | -83.5M | -900K | -156.1M | -21.8M | -63.9M | 2.1M | -5.6M | 5.9M | -32M | -25.3M | -25.9M | -10.5M |
| Change in Receivables | 0 | 0 | -126.1M | 0 | 0 | 0 | 0 | 0 | 47.7M | 0 | -88M | 0 | -5.6M | 0 | -500K | 0 | -2.2M | 0 | 2.8M | 0 |
| Change in Inventory | 0 | 0 | -41.6M | 0 | 0 | 0 | 0 | 0 | -132.1M | 0 | -89.9M | 0 | -56.2M | 0 | 800K | 0 | -55.1M | 0 | -39.2M | 0 |
| Change in Payables | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| Cash from Investing | -2.12B | -657.83M | -2.08B | -513.3M | -613.88M | -773M | -582.61M | -551.6M | -601.2M | -469.3M | -356.1M | -251.3M | -169.4M | -277.4M | -567.2M | -319.6M | -470.1M | -438.5M | -547.1M | -320.8M |
| Capital Expenditures | -755.55M | -670.56M | -562.49M | -600.8M | -560.43M | -507.5M | -586.14M | -545M | -619.4M | -469.3M | -345M | -238.7M | -256.2M | -356.3M | -403.4M | -410.8M | -451M | -382.6M | -519.1M | -306.5M |
| CapEx % of Revenue | 14.29% | 19.23% | 18.28% | 28.29% | 25.08% | 22.39% | 28.57% | 24.38% | 28.01% | 23.66% | 16.14% | 13.61% | 16.13% | 25.85% | 32.87% | 30.41% | 30.95% | 29.33% | 36.89% | 24.34% |
| Acquisitions | -2.13B | 1.5M | -1.45B | -37.7M | -288M | 5.8M | 4.54M | 25.2M | 28.87M | 2.3M | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| Investments | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - |
| Other Investing | -4.71M | -5.41M | -62.31M | -4.9M | 249.27M | -265.5M | 13.86M | -6.6M | 18.2M | 199.63K | -11.1M | -12.6M | 86.8M | 78.9M | -163.8M | 91.2M | -19.1M | -55.9M | -28M | -14.3M |
| Cash from Financing | -62.21M | -875.5M | 1.1B | -249.8M | -239.07M | -55.9M | -315.1M | -84.6M | -445M | -387.8M | -434.5M | 157M | -243.7M | 93.6M | 25.7M | 80.4M | -101.7M | 123.1M | 1.9M | -4.1M |
| Debt Issued (Net) | 397.94M | -431.83M | 1.29B | 11.28M | -38.47M | 194.3M | -92.6M | 101.7M | -276.33M | -155.71M | -303.98M | -16.5M | 0 | 17.5M | 0 | 0 | 0 | 0 | 21.35M | 0 |
| Equity Issued (Net) | -26.77M | -9.63M | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | -3.01M | 249M | 0 | 0 | 0 | 0 | 0 | 0 | 9.45M | 0 |
| Dividends Paid | -361.98M | -347.71M | -152.4M | -199.2M | -157.82M | -215.4M | -167.9M | -153.2M | -131.9M | -190.4M | -84.7M | -53M | -34M | -11.5M | -10.8M | -34.7M | -25.3M | -37.5M | -28.6M | -10.6M |
| Share Repurchases | -26.77M | -9.63M | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| Other Financing | -71.39M | -86.33M | -58.54M | -50.6M | -42.77M | -34.8M | -54.59M | -48.6M | -313.1M | -197.4M | -42.81M | -22.5M | -209.7M | -17.2M | 144.58M | 115.1M | -76.4M | 160.6M | -307.2K | 6.5M |
| Net Change in Cash | 712.71M | 206.35M | -527.7M | -121M | -1.8M | -118.9M | 45.3M | 199.4M | -178.8M | -183.3M | -54M | 425.8M | -19.8M | 135.1M | -98.4M | 19.1M | -13.8M | -32.94M | 22.34M | 31.7M |
| Free Cash Flow | 2.1B | 1.02B | 681.1M | 44.4M | 299.03M | 219.2M | 355.93M | 311.4M | 266.2M | 197.6M | 355.5M | 309.9M | 177.9M | 100.1M | -52.1M | -147.9M | 103.6M | -112M | 53.7M | 77.4M |
| FCF Margin % | 39.68% | 29.31% | 22.13% | 2.09% | 13.38% | 9.67% | 17.35% | 13.93% | 12.04% | 9.96% | 16.63% | 17.67% | 11.2% | 7.26% | -4.25% | -10.95% | 7.11% | -8.59% | 3.82% | 6.15% |
| FCF Growth % | 208.07% | 2201.54% | 127.77% | -79.74% | -15.99% | -29.61% | 33.71% | 57.59% | -25.12% | -36.24% | 99.83% | 209.59% | 441.46% | 167.68% | -150.29% | -32.05% | 92.92% | -244.7% | -55.69% | 1991.89% |
| FCF per Share | 2.35 | 1.14 | 0.76 | 0.05 | 0.33 | 0.25 | 0.40 | 0.35 | 0.30 | 0.22 | 0.39 | 0.35 | 0.21 | 0.11 | -0.06 | -0.18 | 0.12 | -0.14 | 0.07 | 0.09 |
| FCF Conversion (FCF/Net Income) | 1.12x | 1.64x | 1.55x | 1.66x | 3.25x | 1.59x | 5.00x | 1.68x | 2.20x | 1.72x | 1.23x | 3.53x | 4.77x | 6.47x | 19.09x | -0.72x | -6.49x | 5.04x | 12.16x | 3.49x |
| Interest Paid | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| Taxes Paid | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |