10-Q Filing

ROYAL GOLD INC CIK: 85535 Q1 2017

Filing Information

Form Type	10-Q
Accession Number	`0001104659-16-154281`
Period End Date	20160930
Filing Date	20161103
Fiscal Year	2017
Fiscal Period	Q1
XBRL Instance	rgld-20160930.xml

Filing Contents

This filing contains the following financial statements:

Balance Sheet 68 Income Statement 49 Cash Flow Statement 60

Balance Sheet 68 line items

Line Item	Tag	Value	Unit	Period
Preferred stock, par value (in dollars per share)	`PreferredStockParOrStatedValuePerShare`	$0.01	USD	Point-in-time
Preferred stock, par value (in dollars per share)	`PreferredStockParOrStatedValuePerShare`	$0.01	USD	Point-in-time
Cash and equivalents	`CashAndCashEquivalentsAtCarryingValue`	$133.04M	USD	Point-in-time
Preferred stock, shares authorized	`PreferredStockSharesAuthorized`	10.00M	shares	Point-in-time
Cash and equivalents	`CashAndCashEquivalentsAtCarryingValue`	$116.63M	USD	Point-in-time
Cash and equivalents	`CashAndCashEquivalentsAtCarryingValue`	$104.31M	USD	Point-in-time
Preferred stock, shares authorized	`PreferredStockSharesAuthorized`	10.00M	shares	Point-in-time
Cash and equivalents	`CashAndCashEquivalentsAtCarryingValue`	$742.85M	USD	Point-in-time
Royalty receivables	`RoyaltyReceivables`	$17.99M	USD	Point-in-time
Preferred stock, shares issued	`PreferredStockSharesIssued`	0.00	shares	Point-in-time
Royalty receivables	`RoyaltyReceivables`	$23.95M	USD	Point-in-time
Preferred stock, shares issued	`PreferredStockSharesIssued`	0.00	shares	Point-in-time
Common stock, par value (in dollars per share)	`CommonStockParOrStatedValuePerShare`	$0.01	USD	Point-in-time
Income tax receivable	`IncomeTaxesReceivable`	$20.04M	USD	Point-in-time
Common stock, par value (in dollars per share)	`CommonStockParOrStatedValuePerShare`	$0.01	USD	Point-in-time
Income tax receivable	`IncomeTaxesReceivable`	$21.03M	USD	Point-in-time
Stream inventory	`InventoryGross`	$12.62M	USD	Point-in-time
Common stock, shares authorized	`CommonStockSharesAuthorized`	100.00M	shares	Point-in-time
Common stock, shares authorized	`CommonStockSharesAuthorized`	100.00M	shares	Point-in-time
Stream inventory	`InventoryGross`	$9.49M	USD	Point-in-time
Prepaid expenses and other	`PrepaidExpenseAndOtherAssetsCurrent`	$614.00K	USD	Point-in-time
Common stock, shares outstanding	`CommonStockSharesOutstanding`	65.09M	shares	Point-in-time
Prepaid expenses and other	`PrepaidExpenseAndOtherAssetsCurrent`	$1.35M	USD	Point-in-time
Common stock, shares outstanding	`CommonStockSharesOutstanding`	65.14M	shares	Point-in-time
Total current assets	`AssetsCurrent`	$191.99M	USD	Point-in-time
Total current assets	`AssetsCurrent`	$164.77M	USD	Point-in-time
Stream and royalty interests, net (Note 3)	`MineralPropertiesNet`	$2.85B	USD	Point-in-time
Stream and royalty interests, net (Note 3)	`MineralPropertiesNet`	$2.90B	USD	Point-in-time
Other assets	`OtherAssetsNoncurrent`	$53.70M	USD	Point-in-time
Other assets	`OtherAssetsNoncurrent`	$58.51M	USD	Point-in-time
Total assets	`Assets`	$3.07B	USD	Point-in-time
Total assets	`Assets`	$3.15B	USD	Point-in-time
Accounts payable	`AccountsPayableCurrent`	$6.13M	USD	Point-in-time
Accounts payable	`AccountsPayableCurrent`	$4.11M	USD	Point-in-time
Dividends payable	`DividendsPayableCurrent`	$15.02M	USD	Point-in-time
Dividends payable	`DividendsPayableCurrent`	$15.01M	USD	Point-in-time
Other current liabilities	`OtherLiabilitiesCurrent`	$4.43M	USD	Point-in-time
Other current liabilities	`OtherLiabilitiesCurrent`	$3.55M	USD	Point-in-time
Total current liabilities	`LiabilitiesCurrent`	$25.59M	USD	Point-in-time
Total current liabilities	`LiabilitiesCurrent`	$22.68M	USD	Point-in-time
Debt (Note 4)	`LongTermDebtNoncurrent`	$674.03M	USD	Point-in-time
Debt (Note 4)	`LongTermDebtNoncurrent`	$600.68M	USD	Point-in-time
Deferred tax liabilities	`DeferredTaxLiabilitiesNoncurrent`	$133.87M	USD	Point-in-time
Deferred tax liabilities	`DeferredTaxLiabilitiesNoncurrent`	$120.67M	USD	Point-in-time
Uncertain tax positions	`LiabilityForUncertainTaxPositionsNoncurrent`	$23.37M	USD	Point-in-time
Uncertain tax positions	`LiabilityForUncertainTaxPositionsNoncurrent`	$17.00M	USD	Point-in-time
Other long-term liabilities	`OtherLiabilitiesNoncurrent`	$6.44M	USD	Point-in-time
Other long-term liabilities	`OtherLiabilitiesNoncurrent`	$6.39M	USD	Point-in-time
Total liabilities	`Liabilities`	$780.67M	USD	Point-in-time
Total liabilities	`Liabilities`	$850.05M	USD	Point-in-time
Commitments and contingencies (Note 11)	`CommitmentsAndContingencies`	-	USD	Point-in-time
Commitments and contingencies (Note 11)	`CommitmentsAndContingencies`	-	USD	Point-in-time
Preferred stock, $.01 par value, authorized 10,000,000 shares authorized; and 0 shares issued	`PreferredStockValue`	-	USD	Point-in-time
Preferred stock, $.01 par value, authorized 10,000,000 shares authorized; and 0 shares issued	`PreferredStockValue`	-	USD	Point-in-time
Common stock, $.01 par value, 100,000,000 shares authorized; and 65,142,812 and 65,093,950 shares outstanding, respectively	`CommonStockValue`	$651.00K	USD	Point-in-time
Common stock, $.01 par value, 100,000,000 shares authorized; and 65,142,812 and 65,093,950 shares outstanding, respectively	`CommonStockValue`	$652.00K	USD	Point-in-time
Additional paid-in capital	`AdditionalPaidInCapital`	$2.18B	USD	Point-in-time
Additional paid-in capital	`AdditionalPaidInCapital`	$2.18B	USD	Point-in-time
Accumulated earnings	`RetainedEarningsAccumulatedDeficit`	$63.35M	USD	Point-in-time
Accumulated earnings	`RetainedEarningsAccumulatedDeficit`	$48.58M	USD	Point-in-time
Total Royal Gold stockholders' equity	`StockholdersEquity`	$2.24B	USD	Point-in-time
Total Royal Gold stockholders' equity	`StockholdersEquity`	$2.23B	USD	Point-in-time
Non-controlling interests	`MinorityInterest`	$53.73M	USD	Point-in-time
Non-controlling interests	`MinorityInterest`	$56.87M	USD	Point-in-time
Total equity	`StockholdersEquityIncludingPortionAttributableToNoncontrollingInterest`	$2.30B	USD	Point-in-time
Total equity	`StockholdersEquityIncludingPortionAttributableToNoncontrollingInterest`	$2.29B	USD	Point-in-time
Total liabilities and equity	`LiabilitiesAndStockholdersEquity`	$3.07B	USD	Point-in-time
Total liabilities and equity	`LiabilitiesAndStockholdersEquity`	$3.15B	USD	Point-in-time

Income Statement 49 line items

Line Item	Tag	Value	Unit	Period
Revenue	`RoyaltyRevenue`	$74.06M	USD	1 Quarter
Revenue	`RoyaltyRevenue`	$117.95M	USD	1 Quarter
Cost of sales	`CostOfGoldProductsAndServices`	$11.47M	USD	1 Quarter
Cost of sales	`CostOfGoldProductsAndServices`	$22.66M	USD	1 Quarter
General and administrative	`GeneralAndAdministrativeExpense`	$9.51M	USD	1 Quarter
General and administrative	`GeneralAndAdministrativeExpense`	$10.51M	USD	1 Quarter
Production taxes	`TaxesExcludingIncomeAndExciseTaxes`	$497.00K	USD	1 Quarter
Production taxes	`TaxesExcludingIncomeAndExciseTaxes`	$1.59M	USD	1 Quarter
Exploration costs	`ExplorationExpenseMining`	$3.29M	USD	1 Quarter
Exploration costs	`ExplorationExpenseMining`	$3.16M	USD	1 Quarter
Depreciation, depletion and amortization	`DepreciationDepletionAndAmortization`	$40.10M	USD	1 Quarter
Depreciation, depletion and amortization	`DepreciationDepletionAndAmortization`	$27.15M	USD	1 Quarter
Total costs and expenses	`CostsAndExpenses`	$77.06M	USD	1 Quarter
Total costs and expenses	`CostsAndExpenses`	$52.87M	USD	1 Quarter
Operating income	`OperatingIncomeLoss`	$40.89M	USD	1 Quarter
Operating income	`OperatingIncomeLoss`	$21.18M	USD	1 Quarter
Interest and other income	`InterestAndOtherIncome`	$1.56M	USD	1 Quarter
Interest and other income	`InterestAndOtherIncome`	$265.00K	USD	1 Quarter
Interest and other expense	`InterestAndOtherExpense`	$7.21M	USD	1 Quarter
Interest and other expense	`InterestAndOtherExpense`	$8.30M	USD	1 Quarter
Income before income taxes	`IncomeLossFromContinuingOperationsBeforeIncomeTaxesMinorityInterestAndIncomeLossFromEquityMethodInvestments`	$34.14M	USD	1 Quarter
Income before income taxes	`IncomeLossFromContinuingOperationsBeforeIncomeTaxesMinorityInterestAndIncomeLossFromEquityMethodInvestments`	$14.24M	USD	1 Quarter
Income tax expense	`IncomeTaxExpenseBenefit`	$7.19M	USD	1 Quarter
Income tax expense	`IncomeTaxExpenseBenefit`	$59.18M	USD	1 Quarter
Net income (loss)	`ProfitLoss`	$26.95M	USD	1 Quarter
Net income (loss)	`ProfitLoss`	$-44.94M	USD	1 Quarter
Net loss (income) attributable to non-controlling interests	`NetIncomeLossAttributableToNoncontrollingInterest`	$-2.83M	USD	1 Quarter
Net loss (income) attributable to non-controlling interests	`NetIncomeLossAttributableToNoncontrollingInterest`	$105.00K	USD	1 Quarter
Net income (loss) attributable to Royal Gold common stockholders	`NetIncomeLossAvailableToCommonStockholdersBasic`	$29.79M	USD	1 Quarter
Net income (loss) attributable to Royal Gold common stockholders	`NetIncomeLossAvailableToCommonStockholdersBasic`	$-45.05M	USD	1 Quarter
Net income (loss)	`ProfitLoss`	$26.95M	USD	1 Quarter
Net income (loss)	`ProfitLoss`	$-44.94M	USD	1 Quarter
Unrealized change in market value of available-for-sale securities	`OtherComprehensiveIncomeUnrealizedHoldingGainLossOnSecuritiesArisingDuringPeriodNetOfTax`	$-449.00K	USD	1 Quarter
Comprehensive income (loss)	`ComprehensiveIncomeNetOfTaxIncludingPortionAttributableToNoncontrollingInterest`	$26.95M	USD	1 Quarter
Comprehensive income (loss)	`ComprehensiveIncomeNetOfTaxIncludingPortionAttributableToNoncontrollingInterest`	$-45.39M	USD	1 Quarter
Comprehensive loss (income) attributable to non-controlling interests	`ComprehensiveIncomeNetOfTaxAttributableToNoncontrollingInterest`	$-2.83M	USD	1 Quarter
Comprehensive loss (income) attributable to non-controlling interests	`ComprehensiveIncomeNetOfTaxAttributableToNoncontrollingInterest`	$105.00K	USD	1 Quarter
Comprehensive income (loss) attributable to Royal Gold stockholders	`ComprehensiveIncomeNetOfTax`	$29.79M	USD	1 Quarter
Comprehensive income (loss) attributable to Royal Gold stockholders	`ComprehensiveIncomeNetOfTax`	$-45.49M	USD	1 Quarter
Basic earnings (loss) per share (in dollars per share)	`EarningsPerShareBasic`	$-0.69	USD	1 Quarter
Basic earnings (loss) per share (in dollars per share)	`EarningsPerShareBasic`	$0.46	USD	1 Quarter
Basic weighted average shares outstanding (in shares)	`WeightedAverageNumberOfSharesOutstandingBasic`	65.12M	shares	1 Quarter
Basic weighted average shares outstanding (in shares)	`WeightedAverageNumberOfSharesOutstandingBasic`	65.05M	shares	1 Quarter
Diluted earnings (loss) per share (in dollars per share)	`EarningsPerShareDiluted`	$0.46	USD	1 Quarter
Diluted earnings (loss) per share (in dollars per share)	`EarningsPerShareDiluted`	$-0.69	USD	1 Quarter
Diluted weighted average shares outstanding (in shares)	`WeightedAverageNumberOfDilutedSharesOutstanding`	65.05M	shares	1 Quarter
Diluted weighted average shares outstanding (in shares)	`WeightedAverageNumberOfDilutedSharesOutstanding`	65.28M	shares	1 Quarter
Cash dividends declared per common share (in dollars per share)	`CommonStockDividendsPerShareDeclared`	$0.22	USD	1 Quarter
Cash dividends declared per common share (in dollars per share)	`CommonStockDividendsPerShareDeclared`	$0.23	USD	1 Quarter

Cash Flow Statement 60 line items

Line Item	Tag	Value	Unit	Period
Net income (loss)	`ProfitLoss`	$26.95M	USD	1 Quarter
Net income (loss)	`ProfitLoss`	$-44.94M	USD	1 Quarter
Depreciation, depletion and amortization	`DepreciationDepletionAndAmortization`	$40.10M	USD	1 Quarter
Depreciation, depletion and amortization	`DepreciationDepletionAndAmortization`	$27.15M	USD	1 Quarter
Amortization of debt discount and issuance costs	`AmortizationOfFinancingCostsAndDiscounts`	$3.20M	USD	1 Quarter
Amortization of debt discount and issuance costs	`AmortizationOfFinancingCostsAndDiscounts`	$3.35M	USD	1 Quarter
Non-cash employee stock compensation expense	`ShareBasedCompensation`	$4.14M	USD	1 Quarter
Non-cash employee stock compensation expense	`ShareBasedCompensation`	$4.23M	USD	1 Quarter
Tax benefit of stock-based compensation exercises	`DeferredTaxExpenseFromStockOptionsExercisedCreditBalance`	$-150.00K	USD	1 Quarter
Tax benefit of stock-based compensation exercises	`DeferredTaxExpenseFromStockOptionsExercisedCreditBalance`	$-24.00K	USD	1 Quarter
Deferred tax expense	`DeferredIncomeTaxExpenseBenefit`	$11.77M	USD	1 Quarter
Deferred tax expense	`DeferredIncomeTaxExpenseBenefit`	$-1.03M	USD	1 Quarter
Other	`OtherNoncashIncomeExpense`	$390.00K	USD	1 Quarter
Other	`OtherNoncashIncomeExpense`	$153.00K	USD	1 Quarter
Royalty receivables	`IncreaseDecreaseInReceivables`	$-13.14M	USD	1 Quarter
Royalty receivables	`IncreaseDecreaseInReceivables`	$5.96M	USD	1 Quarter
Stream inventory	`IncreaseDecreaseInInventories`	$3.12M	USD	1 Quarter
Stream inventory	`IncreaseDecreaseInInventories`	$1.98M	USD	1 Quarter
Income taxes receivable	`IncreaseDecreaseInIncomeTaxesReceivable`	$16.48M	USD	1 Quarter
Income taxes receivable	`IncreaseDecreaseInIncomeTaxesReceivable`	$17.19M	USD	1 Quarter
Prepaid expenses and other assets	`IncreaseDecreaseInPrepaidDeferredExpenseAndOtherAssets`	$1.72M	USD	1 Quarter
Prepaid expenses and other assets	`IncreaseDecreaseInPrepaidDeferredExpenseAndOtherAssets`	$2.68M	USD	1 Quarter
Accounts payable	`IncreaseDecreaseInAccountsPayable`	$3.27M	USD	1 Quarter
Accounts payable	`IncreaseDecreaseInAccountsPayable`	$1.78M	USD	1 Quarter
Uncertain tax positions	`IncreaseDecreaseInAccruedIncomeTaxesPayable`	$77.00K	USD	1 Quarter
Uncertain tax positions	`IncreaseDecreaseInAccruedIncomeTaxesPayable`	$6.37M	USD	1 Quarter
Other liabilities	`IncreaseDecreaseInOtherOperatingLiabilities`	$879.00K	USD	1 Quarter
Other liabilities	`IncreaseDecreaseInOtherOperatingLiabilities`	$6.70M	USD	1 Quarter
Net cash provided by operating activities	`NetCashProvidedByUsedInOperatingActivitiesContinuingOperations`	$2.49M	USD	1 Quarter
Net cash provided by operating activities	`NetCashProvidedByUsedInOperatingActivitiesContinuingOperations`	$55.13M	USD	1 Quarter
Acquisition of stream and royalty interests	`PaymentsToAcquireBusinessesAndInterestInAffiliates`	$1.30B	USD	1 Quarter
Acquisition of stream and royalty interests	`PaymentsToAcquireBusinessesAndInterestInAffiliates`	$90.08M	USD	1 Quarter
Andacollo royalty termination	`ProceedsFromRoyaltySale`	$345.00M	USD	1 Quarter
Golden Star term loan	`PaymentToFundLoans`	$20.00M	USD	1 Quarter
Other	`PaymentsForProceedsFromOtherInvestingActivities`	$226.00K	USD	1 Quarter
Other	`PaymentsForProceedsFromOtherInvestingActivities`	$228.00K	USD	1 Quarter
Net cash used in investing activities	`NetCashProvidedByUsedInInvestingActivitiesContinuingOperations`	$-976.11M	USD	1 Quarter
Net cash used in investing activities	`NetCashProvidedByUsedInInvestingActivitiesContinuingOperations`	$-90.31M	USD	1 Quarter
Borrowings from revolving credit facility	`ProceedsFromLongTermLinesOfCredit`	$70.00M	USD	1 Quarter
Borrowings from revolving credit facility	`ProceedsFromLongTermLinesOfCredit`	$350.00M	USD	1 Quarter
Net payments from issuance of common stock	`ProceedsFromRepurchaseOfEquity`	$-2.04M	USD	1 Quarter
Common stock dividends	`PaymentsOfDividendsCommonStock`	$14.34M	USD	1 Quarter
Common stock dividends	`PaymentsOfDividendsCommonStock`	$15.01M	USD	1 Quarter
Purchase of additional royalty interest from non-controlling interest	`PaymentToAcquireRoyaltyInterestFromNoncontrollingInterest`	$1.02M	USD	1 Quarter
Tax expense of stock-based compensation exercises	`ExcessTaxBenefitExpenseFromShareBasedCompensationFinancingActivities`	$-150.00K	USD	1 Quarter
Tax expense of stock-based compensation exercises	`ExcessTaxBenefitExpenseFromShareBasedCompensationFinancingActivities`	$-24.00K	USD	1 Quarter
Other	`ProceedsFromPaymentsForOtherFinancingActivities`	$-430.00K	USD	1 Quarter
Other	`ProceedsFromPaymentsForOtherFinancingActivities`	$-315.00K	USD	1 Quarter
Net cash provided by financing activities	`NetCashProvidedByUsedInFinancingActivitiesContinuingOperations`	$51.59M	USD	1 Quarter
Net cash provided by financing activities	`NetCashProvidedByUsedInFinancingActivitiesContinuingOperations`	$335.08M	USD	1 Quarter
Net increase (decrease) in cash and equivalents	`NetCashProvidedByUsedInContinuingOperations`	$16.41M	USD	1 Quarter
Net increase (decrease) in cash and equivalents	`NetCashProvidedByUsedInContinuingOperations`	$-638.54M	USD	1 Quarter
Cash and equivalents at beginning of period	`CashAndCashEquivalentsAtCarryingValue`	$133.04M	USD	Point-in-time
Cash and equivalents at beginning of period	`CashAndCashEquivalentsAtCarryingValue`	$116.63M	USD	Point-in-time
Cash and equivalents at beginning of period	`CashAndCashEquivalentsAtCarryingValue`	$104.31M	USD	Point-in-time
Cash and equivalents at beginning of period	`CashAndCashEquivalentsAtCarryingValue`	$742.85M	USD	Point-in-time
Cash and equivalents at end of period	`CashAndCashEquivalentsAtCarryingValue`	$133.04M	USD	Point-in-time
Cash and equivalents at end of period	`CashAndCashEquivalentsAtCarryingValue`	$116.63M	USD	Point-in-time
Cash and equivalents at end of period	`CashAndCashEquivalentsAtCarryingValue`	$104.31M	USD	Point-in-time
Cash and equivalents at end of period	`CashAndCashEquivalentsAtCarryingValue`	$742.85M	USD	Point-in-time

Data is extracted from SEC EDGAR XBRL filings. Values shown are as reported in the filing.