Business
Franco-Nevada Reports Record Royalty Revenue, Free Cash Flow and Margins
Franco-Nevada Reports Record Royalty Revenue, Free Cash Flow and Margins
About this update from Franco-nevada Corporation
[{"type":"text","content":"\n\n\n\n Nov. 11, 2010 (Canada NewsWire Group) -- \n\n#ReleaseContent TABLE\n{\n BORDER-COLLAPSE: collapse\n}\nTR.cnwUnderlinedCell TD\n{\n BORDER-BOTTOM: #000000 1px solid\n}\nTR.cnwDoubleUnderlinedCell TD\n{\n BORDER-BOTTOM: #000000 3px double\n}\nTR.cnwBoldUnderlinedCell TD\n{\n BORDER-BOTTOM: #000000 3px solid\n}\nTD.cnwUnderlinedCell\n{\n BORDER-BOTTOM: #000000 1px solid\n}\nTD.cnwDoubleUnderlinedCell\n{\n BORDER-BOTTOM: #000000 3px double\n}\nTD.cnwBoldUnderlinedCell\n{\n BORDER-BOTTOM: #000000 3px solid\n}\n#ReleaseContent TABLE.cnwBorderedTable TD\n{\n BORDER-RIGHT: black 1px solid;\n PADDING-RIGHT: 2px;\n BORDER-TOP: black 1px solid;\n PADDING-LEFT: 2px;\n PADDING-BOTTOM: 2px;\n BORDER-LEFT: black 1px solid;\n PADDING-TOP: 2px;\n BORDER-BOTTOM: black 1px solid;\n BORDER-COLLAPSE: collapse\n}\n#ReleaseContent TABLE TD\n{\n PADDING-RIGHT: 2px;\n PADDING-LEFT: 2px;\n PADDING-BOTTOM: 2px;\n PADDING-TOP: 2px\n}\n\n\nTORONTO, Nov. 11 /CNW/ - Franco-Nevada Corporation (TSX: FNV) today\n reported its financial results for the three and nine months ended\n September 30, 2010.  All figures are in US dollars unless otherwise\n noted. The complete Financial Statements and Management's Discussion\n and Analysis can be found today on Franco-Nevada's website at www.franco-nevada.com and by tomorrow on www.sedar.com.\n\n\nQuarterly Highlights for Q3 2010 (US dollars unless otherwise noted)\n\n\n\nRecord Royalty Revenue(1) of $49.0 million, up 35% year over year.\n\n\nRecord Free Cash Flow(2)  of $44.6 million (or $0.39 per share).\n\n\nRecord Margin(5) of 91% of Royalty Revenue.  \n\n\nAdjusted Net Income(3) of $14.8 million (or $0.13 per share).\n\n\nWorking capital of $639.6 million with no hedges or debt.\n\n\n\nSelected Quarterly Financial Information: \n\n\n(Millions of US dollars except per share amounts)\n\n\n\n\n \n\n\n    Three months ended\n\n\n    Nine months ended\n\n\n\n\n \n\n\n \n\n\nQ3 \n2010\n\n\nQ3\n2009\n\n\n \n\n\nQ3\n2010\n\n\n \n\n\nQ3\n2009\n\n\n\n\nRoyalty Revenue(1)\n\n\n$\n\n\n49.0\n\n\n$\n\n\n36.4\n\n\n$\n\n\n136.0\n\n\n$\n\n\n98.5\n\n\n\n\nTotal revenue(4)\n\n\n \n\n\n52.2\n\n\n \n\n\n41.1\n\n\n \n\n\n157.2\n\n\n \n\n\n119.3\n\n\n\n\nNet income\n\n\n \n\n\n18.0\n\n\n \n\n\n12.3\n\n\n \n\n\n...