Denison Mines (DNN) Cash Flow: Operating & Free Cash Flow

Denison Mines Cash Flow Statement Analysis

Values in millions CAD

Income Statement Balance Sheet Cash Flow Ratios

Scale:

Scroll to see more

Cash flow statement showing operating, investing, and financing activities for Denison Mines Corp. (DNN) - Annual data in millions CAD
Breakdown	FY 2025	FY 2024	FY 2023	FY 2022	FY 2021	FY 2020	FY 2019	FY 2018	FY 2017
Period ending	Dec 2025	Dec 2024	Dec 2023	Dec 2022	Dec 2021	Dec 2020	Dec 2019	Dec 2018	Dec 2017
Operating Activities
Net Income	-217.29	-91.12	90.38	14.35	18.98	-16.28	-18.14	-30.08	-17.82
Depreciation & Amortization	17.77	9.93	9.39	8.67	0.00	7.15	4.99	8.59	0.00
Deferred Income Tax	-6.63	-0.24	-2.34	-2.27	-2.00	-0.86	-5.38	-8.29	-4.57
Stock Based Compensation	4.75	4.66	3.75	3.74	2.83	1.83	2.22	1.84	1.30
Change in Working Capital	0.81	7.67	1.87	1.74	-0.20	-0.31	2.26	0.36	-1.45
Change in Accounts Receivable	-2.71	-0.82	2.23	-0.51	-0.28	0.65	-0.20	0.97	-1.59
Change in Inventory	-6.60	-0.17	-0.87	0.74	-0.41	0.22	0.23	-0.19	-0.39
Change in Accounts Payable	10.44	9.18	0.76	1.39	0.68	-0.75	2.39	-0.21	0.64
Change in Other Working Capital	36.04	7.67	-1.75	1.74	-4.72	-0.42	-0.16	-0.21	-0.11
Other Operating Activities	36.04	28.48	-1.75	-56.64	-4.72	-0.42	-4.75	6.65	38.11
Net Cash from Operating Activities	-68.15	-40.38	-30.67	-28.14	-21.25	-13.49	-18.80	-20.95	15.57
Investing Activities
Capital Expenditures	-50.50	-7.69	-3.23	-6.87	-1.23	-0.28	-0.93	-1.57	-1.09
Acquisitions	-4.30	-5.33	-2.39	-0.80	-1.36	0.00	0.01	0.00	-0.10
Purchases of Investments	-48.82	-5.33	-15.00	-0.80	-91.67	0.47	-0.51	0.00	-37.59
Sales/Maturities of Investments	54.25	13.60	19.90	0.00	15.60	0.48	0.26	37.50	2.47
Other Investing Activities	-48.82	-0.39	-0.13	0.90	-20.34	-0.02	0.25	0.04	-8.34
Net Cash from Investing Activities	-49.52	0.43	-0.72	-6.76	-99.00	0.31	-0.92	35.97	-44.64
Financing Activities
Debt Repayment	-0.52	-0.30	-0.22	-0.21	-0.25	0.00	0.67	0.00	-0.37
Common Stock Issued	14.50	15.46	107.86	21.01	153.72	34.08	4.29	4.55	17.55
Other Financing Activities	0.00	1.37	-0.22	-0.21	-0.25	-3.11	-0.26	0.00	1.41
Net Cash from Financing Activities	474.28	15.15	111.18	20.96	159.82	30.51	4.71	4.55	18.59
Summary
Effect of Forex Changes on Cash	0.78	2.27	0.35	0.86	-0.56	-0.52	0.00	0.00	0.00
Net Change in Cash	356.62	-22.54	79.79	-13.08	39.57	16.80	-15.02	19.57	-12.26
Cash at Beginning of Period	108.52	131.05	50.92	64.00	24.99	8.19	23.21	3.64	15.90
Cash at End of Period	465.92	108.52	131.05	50.92	64.00	24.99	8.19	23.21	3.64
Free Cash Flow	-118.64	-48.07	-33.90	-35.01	-22.48	-13.76	-19.73	-22.52	14.52
Supplemental Disclosures
Interest Paid	-	-	-	0.01	0.00	0.00	-	-	-

Source: Company financial statements from annual and quarterly filings. Data as of Jun 30, 2026. Data sources and methodology

Frequently Asked Questions About Denison Mines Cash Flow

What is Denison Mines's free cash flow?

Denison Mines had negative free cash flow of CAD 118.64M in fiscal 2025 (fiscal year ended Dec 31, 2025), operating cash flow of −CAD 68.15M minus CAD 50.50M of capital expenditures.

How much does Denison Mines spend on capital expenditures?

Denison Mines spent CAD 50.50M on capital expenditures in fiscal 2025, compared with CAD 7.69M a year earlier.

Does Denison Mines pay dividends or buy back shares?

Denison Mines's cash flow statement for fiscal 2025 shows no dividend payments or share repurchases.

What is free cash flow?

Free cash flow is operating cash flow minus capital expenditures. It is the cash a company has left for dividends, buybacks, debt repayment or acquisitions after funding its operations and investment. Full definition