10-Q Filing

ROYAL GOLD INC CIK: 85535 Q1 2018

Filing Information

Form Type	10-Q
Accession Number	`0001558370-17-007947`
Period End Date	20170930
Filing Date	20171102
Fiscal Year	2018
Fiscal Period	Q1
XBRL Instance	rgld-20170930.xml

Filing Contents

This filing contains the following financial statements:

Balance Sheet 74 Income Statement 49 Cash Flow Statement 59

Balance Sheet 74 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`	$116.63M	USD	Point-in-time
Preferred stock, shares authorized	`PreferredStockSharesAuthorized`	10.00M	shares	Point-in-time
Cash and equivalents	`CashAndCashEquivalentsAtCarryingValue`	$85.85M	USD	Point-in-time
Cash and equivalents	`CashAndCashEquivalentsAtCarryingValue`	$88.39M	USD	Point-in-time
Preferred stock, shares authorized	`PreferredStockSharesAuthorized`	10.00M	shares	Point-in-time
Cash and equivalents	`CashAndCashEquivalentsAtCarryingValue`	$133.04M	USD	Point-in-time
Royalty receivables	`RoyaltyReceivables`	$29.08M	USD	Point-in-time
Preferred stock, shares issued	`PreferredStockSharesIssued`	0.00	shares	Point-in-time
Preferred stock, shares issued	`PreferredStockSharesIssued`	0.00	shares	Point-in-time
Royalty receivables	`RoyaltyReceivables`	$26.89M	USD	Point-in-time
Income tax receivable	`IncomeTaxesReceivable`	$22.17M	USD	Point-in-time
Income tax receivable	`IncomeTaxesReceivable`	$26.02M	USD	Point-in-time
Common stock, par value (in dollars per share)	`CommonStockParOrStatedValuePerShare`	$0.01	USD	Point-in-time
Common stock, par value (in dollars per share)	`CommonStockParOrStatedValuePerShare`	$0.01	USD	Point-in-time
Common stock, shares authorized	`CommonStockSharesAuthorized`	200.00M	shares	Point-in-time
Common stock, shares authorized	`CommonStockSharesAuthorized`	200.00M	shares	Point-in-time
Stream inventory	`InventoryGross`	$7.79M	USD	Point-in-time
Stream inventory	`InventoryGross`	$7.88M	USD	Point-in-time
Common stock, shares outstanding	`CommonStockSharesOutstanding`	65.18M	shares	Point-in-time
Prepaid expenses and other	`PrepaidExpenseAndOtherAssetsCurrent`	$822.00K	USD	Point-in-time
Common stock, shares outstanding	`CommonStockSharesOutstanding`	65.31M	shares	Point-in-time
Prepaid expenses and other	`PrepaidExpenseAndOtherAssetsCurrent`	$4.49M	USD	Point-in-time
Total current assets	`AssetsCurrent`	$155.78M	USD	Point-in-time
Total current assets	`AssetsCurrent`	$143.61M	USD	Point-in-time
Stream and royalty interests, net	`MineralPropertiesNet`	$2.85B	USD	Point-in-time
Stream and royalty interests, net	`MineralPropertiesNet`	$2.89B	USD	Point-in-time
Other assets	`OtherAssetsNoncurrent`	$58.20M	USD	Point-in-time
Other assets	`OtherAssetsNoncurrent`	$57.52M	USD	Point-in-time
Total assets	`Assets`	$3.07B	USD	Point-in-time
Total assets	`Assets`	$3.09B	USD	Point-in-time
Accounts payable	`AccountsPayableCurrent`	$3.91M	USD	Point-in-time
Accounts payable	`AccountsPayableCurrent`	$2.92M	USD	Point-in-time
Dividends payable	`DividendsPayableCurrent`	$15.71M	USD	Point-in-time
Dividends payable	`DividendsPayableCurrent`	$15.68M	USD	Point-in-time
Income tax payable	`AccruedIncomeTaxesCurrent`	$11.69M	USD	Point-in-time
Income tax payable	`AccruedIncomeTaxesCurrent`	$5.65M	USD	Point-in-time
Foreign withholding taxes payable	`ForeignWithholdingTaxesPayableCurrent`	$3.46M	USD	Point-in-time
Foreign withholding taxes payable	`ForeignWithholdingTaxesPayableCurrent`	$3.42M	USD	Point-in-time
Other current liabilities	`OtherLiabilitiesCurrent`	$5.92M	USD	Point-in-time
Other current liabilities	`OtherLiabilitiesCurrent`	$5.62M	USD	Point-in-time
Total current liabilities	`LiabilitiesCurrent`	$39.70M	USD	Point-in-time
Total current liabilities	`LiabilitiesCurrent`	$34.28M	USD	Point-in-time
Debt	`LongTermDebtNoncurrent`	$586.17M	USD	Point-in-time
Debt	`LongTermDebtNoncurrent`	$539.77M	USD	Point-in-time
Deferred tax liabilities	`DeferredTaxLiabilitiesNoncurrent`	$121.33M	USD	Point-in-time
Deferred tax liabilities	`DeferredTaxLiabilitiesNoncurrent`	$121.73M	USD	Point-in-time
Uncertain tax positions	`LiabilityForUncertainTaxPositionsNoncurrent`	$28.12M	USD	Point-in-time
Uncertain tax positions	`LiabilityForUncertainTaxPositionsNoncurrent`	$25.63M	USD	Point-in-time
Other long-term liabilities	`OtherLiabilitiesNoncurrent`	$6.39M	USD	Point-in-time
Other long-term liabilities	`OtherLiabilitiesNoncurrent`	$6.39M	USD	Point-in-time
Total liabilities	`Liabilities`	$735.71M	USD	Point-in-time
Total liabilities	`Liabilities`	$773.80M	USD	Point-in-time
Commitments and contingencies (Note 10)	`CommitmentsAndContingencies`	-	USD	Point-in-time
Commitments and contingencies (Note 10)	`CommitmentsAndContingencies`	-	USD	Point-in-time
Preferred stock, $.01 par value, 10,000,000 shares authorized; and 0 shares issued	`PreferredStockValue`	-	USD	Point-in-time
Preferred stock, $.01 par value, 10,000,000 shares authorized; and 0 shares issued	`PreferredStockValue`	-	USD	Point-in-time
Common stock, $.01 par value, 200,000,000 shares authorized; and 65,306,271 and 65,179,527 shares outstanding, respectively	`CommonStockValue`	$652.00K	USD	Point-in-time
Common stock, $.01 par value, 200,000,000 shares authorized; and 65,306,271 and 65,179,527 shares outstanding, respectively	`CommonStockValue`	$653.00K	USD	Point-in-time
Additional paid-in capital	`AdditionalPaidInCapital`	$2.18B	USD	Point-in-time
Additional paid-in capital	`AdditionalPaidInCapital`	$2.19B	USD	Point-in-time
Accumulated other comprehensive income	`AccumulatedOtherComprehensiveIncomeLossNetOfTax`	$879.00K	USD	Point-in-time
Accumulated other comprehensive income	`AccumulatedOtherComprehensiveIncomeLossNetOfTax`	$1.08M	USD	Point-in-time
Accumulated earnings	`RetainedEarningsAccumulatedDeficit`	$88.05M	USD	Point-in-time
Accumulated earnings	`RetainedEarningsAccumulatedDeficit`	$100.97M	USD	Point-in-time
Total Royal Gold stockholders' equity	`StockholdersEquity`	$2.28B	USD	Point-in-time
Total Royal Gold stockholders' equity	`StockholdersEquity`	$2.29B	USD	Point-in-time
Non-controlling interests	`MinorityInterest`	$42.85M	USD	Point-in-time
Non-controlling interests	`MinorityInterest`	$44.89M	USD	Point-in-time
Total equity	`StockholdersEquityIncludingPortionAttributableToNoncontrollingInterest`	$2.33B	USD	Point-in-time
Total equity	`StockholdersEquityIncludingPortionAttributableToNoncontrollingInterest`	$2.32B	USD	Point-in-time
Total liabilities and equity	`LiabilitiesAndStockholdersEquity`	$3.09B	USD	Point-in-time
Total liabilities and equity	`LiabilitiesAndStockholdersEquity`	$3.07B	USD	Point-in-time

Income Statement 49 line items

Line Item	Tag	Value	Unit	Period
Revenue	`RoyaltyRevenue`	$112.48M	USD	1 Quarter
Revenue	`RoyaltyRevenue`	$117.95M	USD	1 Quarter
Cost of sales	`CostOfGoldProductsAndServices`	$22.66M	USD	1 Quarter
Cost of sales	`CostOfGoldProductsAndServices`	$20.42M	USD	1 Quarter
General and administrative	`GeneralAndAdministrativeExpense`	$6.90M	USD	1 Quarter
General and administrative	`GeneralAndAdministrativeExpense`	$10.51M	USD	1 Quarter
Production taxes	`TaxesExcludingIncomeAndExciseTaxes`	$497.00K	USD	1 Quarter
Production taxes	`TaxesExcludingIncomeAndExciseTaxes`	$543.00K	USD	1 Quarter
Exploration costs	`ExplorationExpenseMining`	$3.29M	USD	1 Quarter
Exploration costs	`ExplorationExpenseMining`	$3.20M	USD	1 Quarter
Depreciation, depletion and amortization	`DepreciationDepletionAndAmortization`	$39.69M	USD	1 Quarter
Depreciation, depletion and amortization	`DepreciationDepletionAndAmortization`	$40.10M	USD	1 Quarter
Total costs and expenses	`CostsAndExpenses`	$70.76M	USD	1 Quarter
Total costs and expenses	`CostsAndExpenses`	$77.06M	USD	1 Quarter
Operating income	`OperatingIncomeLoss`	$40.89M	USD	1 Quarter
Operating income	`OperatingIncomeLoss`	$41.72M	USD	1 Quarter
Interest and other income	`InterestAndOtherIncome`	$1.56M	USD	1 Quarter
Interest and other income	`InterestAndOtherIncome`	$989.00K	USD	1 Quarter
Interest and other expense	`InterestAndOtherExpense`	$8.62M	USD	1 Quarter
Interest and other expense	`InterestAndOtherExpense`	$8.30M	USD	1 Quarter
Income before income taxes	`IncomeLossFromContinuingOperationsBeforeIncomeTaxesExtraordinaryItemsNoncontrollingInterest`	$34.09M	USD	1 Quarter
Income before income taxes	`IncomeLossFromContinuingOperationsBeforeIncomeTaxesExtraordinaryItemsNoncontrollingInterest`	$34.14M	USD	1 Quarter
Income tax expense	`IncomeTaxExpenseBenefit`	$7.19M	USD	1 Quarter
Income tax expense	`IncomeTaxExpenseBenefit`	$7.54M	USD	1 Quarter
Net income	`ProfitLoss`	$26.95M	USD	1 Quarter
Net income	`ProfitLoss`	$26.55M	USD	1 Quarter
Net loss attributable to non-controlling interests	`NetIncomeLossAttributableToNoncontrollingInterest`	$-2.08M	USD	1 Quarter
Net loss attributable to non-controlling interests	`NetIncomeLossAttributableToNoncontrollingInterest`	$-2.83M	USD	1 Quarter
Net income attributable to Royal Gold common stockholders	`NetIncomeLoss`	$28.63M	USD	1 Quarter
Net income attributable to Royal Gold common stockholders	`NetIncomeLoss`	$29.79M	USD	1 Quarter
Net income	`ProfitLoss`	$26.95M	USD	1 Quarter
Net income	`ProfitLoss`	$26.55M	USD	1 Quarter
Unrealized change in market value of available-for-sale securities	`OtherComprehensiveIncomeUnrealizedHoldingGainLossOnSecuritiesArisingDuringPeriodNetOfTax`	$197.00K	USD	1 Quarter
Comprehensive income	`ComprehensiveIncomeNetOfTaxIncludingPortionAttributableToNoncontrollingInterest`	$26.75M	USD	1 Quarter
Comprehensive income	`ComprehensiveIncomeNetOfTaxIncludingPortionAttributableToNoncontrollingInterest`	$26.95M	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`	$-2.08M	USD	1 Quarter
Comprehensive income attributable to Royal Gold stockholders	`ComprehensiveIncomeNetOfTax`	$29.79M	USD	1 Quarter
Comprehensive income attributable to Royal Gold stockholders	`ComprehensiveIncomeNetOfTax`	$28.83M	USD	1 Quarter
Basic earnings per share (in dollars per share)	`EarningsPerShareBasic`	$0.46	USD	1 Quarter
Basic earnings per share (in dollars per share)	`EarningsPerShareBasic`	$0.44	USD	1 Quarter
Basic weighted average shares outstanding (in shares)	`WeightedAverageNumberOfSharesOutstandingBasic`	65.24M	shares	1 Quarter
Basic weighted average shares outstanding (in shares)	`WeightedAverageNumberOfSharesOutstandingBasic`	65.12M	shares	1 Quarter
Diluted earnings per share (in dollars per share)	`EarningsPerShareDiluted`	$0.44	USD	1 Quarter
Diluted earnings per share (in dollars per share)	`EarningsPerShareDiluted`	$0.46	USD	1 Quarter
Diluted weighted average shares outstanding (in shares)	`WeightedAverageNumberOfDilutedSharesOutstanding`	65.28M	shares	1 Quarter
Diluted weighted average shares outstanding (in shares)	`WeightedAverageNumberOfDilutedSharesOutstanding`	65.40M	shares	1 Quarter
Cash dividends declared per common share (in dollars per share)	`CommonStockDividendsPerShareDeclared`	$0.23	USD	1 Quarter
Cash dividends declared per common share (in dollars per share)	`CommonStockDividendsPerShareDeclared`	$0.24	USD	1 Quarter

Cash Flow Statement 59 line items

Line Item	Tag	Value	Unit	Period
Net income	`ProfitLoss`	$26.95M	USD	1 Quarter
Net income	`ProfitLoss`	$26.55M	USD	1 Quarter
Depreciation, depletion and amortization	`DepreciationDepletionAndAmortization`	$39.69M	USD	1 Quarter
Depreciation, depletion and amortization	`DepreciationDepletionAndAmortization`	$40.10M	USD	1 Quarter
Amortization of debt discount and issuance costs	`AmortizationOfFinancingCostsAndDiscounts`	$3.35M	USD	1 Quarter
Amortization of debt discount and issuance costs	`AmortizationOfFinancingCostsAndDiscounts`	$3.68M	USD	1 Quarter
Non-cash employee stock compensation expense	`ShareBasedCompensation`	$4.14M	USD	1 Quarter
Non-cash employee stock compensation expense	`ShareBasedCompensation`	$2.37M	USD	1 Quarter
Deferred tax expense	`DeferredIncomeTaxExpenseBenefit`	$-1.03M	USD	1 Quarter
Deferred tax expense	`DeferredIncomeTaxExpenseBenefit`	$-727.00K	USD	1 Quarter
Other	`OtherNoncashIncomeExpense`	$223.00K	USD	1 Quarter
Other	`OtherNoncashIncomeExpense`	$153.00K	USD	1 Quarter
Royalty receivables	`IncreaseDecreaseInReceivables`	$2.19M	USD	1 Quarter
Royalty receivables	`IncreaseDecreaseInReceivables`	$7.05M	USD	1 Quarter
Stream inventory	`IncreaseDecreaseInInventories`	$3.12M	USD	1 Quarter
Stream inventory	`IncreaseDecreaseInInventories`	$-89.00K	USD	1 Quarter
Income tax receivable	`IncreaseDecreaseInIncomeTaxesReceivable`	$3.21M	USD	1 Quarter
Income tax receivable	`IncreaseDecreaseInIncomeTaxesReceivable`	$3.85M	USD	1 Quarter
Prepaid expenses and other assets	`IncreaseDecreaseInPrepaidDeferredExpenseAndOtherAssets`	$1.72M	USD	1 Quarter
Prepaid expenses and other assets	`IncreaseDecreaseInPrepaidDeferredExpenseAndOtherAssets`	$1.65M	USD	1 Quarter
Accounts payable	`IncreaseDecreaseInAccountsPayable`	$-985.00K	USD	1 Quarter
Accounts payable	`IncreaseDecreaseInAccountsPayable`	$1.78M	USD	1 Quarter
Income tax payable	`IncreaseDecreaseInAccruedIncomeTaxesPayable`	$-13.26M	USD	1 Quarter
Income tax payable	`IncreaseDecreaseInAccruedIncomeTaxesPayable`	$6.04M	USD	1 Quarter
Foreign withholding taxes payable	`IncreaseDecreaseInForeignWithholdingTaxesPayable`	$37.00K	USD	1 Quarter
Foreign withholding taxes payable	`IncreaseDecreaseInForeignWithholdingTaxesPayable`	$1.09M	USD	1 Quarter
Uncertain tax positions	`UnrecognizedTaxBenefitsCashImpact`	$2.49M	USD	1 Quarter
Uncertain tax positions	`UnrecognizedTaxBenefitsCashImpact`	$6.37M	USD	1 Quarter
Other liabilities	`IncreaseDecreaseInOtherOperatingLiabilities`	$299.00K	USD	1 Quarter
Other liabilities	`IncreaseDecreaseInOtherOperatingLiabilities`	$878.00K	USD	1 Quarter
Net cash provided by operating activities	`NetCashProvidedByUsedInOperatingActivities`	$71.61M	USD	1 Quarter
Net cash provided by operating activities	`NetCashProvidedByUsedInOperatingActivities`	$55.11M	USD	1 Quarter
Acquisition of stream and royalty interests	`PaymentsToAcquireBusinessesAndInterestInAffiliates`	$90.08M	USD	1 Quarter
Acquisition of stream and royalty interests	`PaymentsToAcquireBusinessesAndInterestInAffiliates`	$5.00K	USD	1 Quarter
Other	`PaymentsForProceedsFromOtherInvestingActivities`	$-100.00K	USD	1 Quarter
Other	`PaymentsForProceedsFromOtherInvestingActivities`	$226.00K	USD	1 Quarter
Net cash provided by (used in) investing activities	`NetCashProvidedByUsedInInvestingActivities`	$95.00K	USD	1 Quarter
Net cash provided by (used in) investing activities	`NetCashProvidedByUsedInInvestingActivities`	$-90.31M	USD	1 Quarter
Borrowings from revolving credit facility	`ProceedsFromLongTermLinesOfCredit`	$70.00M	USD	1 Quarter
Repayment of revolving credit facility	`RepaymentsOfLongTermLinesOfCredit`	$50.00M	USD	1 Quarter
Net payments from issuance of common stock	`ProceedsFromRepurchaseOfEquity`	$-2.04M	USD	1 Quarter
Net payments from issuance of common stock	`ProceedsFromRepurchaseOfEquity`	$-3.53M	USD	1 Quarter
Common stock dividends	`PaymentsOfDividendsCommonStock`	$15.01M	USD	1 Quarter
Common stock dividends	`PaymentsOfDividendsCommonStock`	$15.68M	USD	1 Quarter
Purchase of additional royalty interest from non-controlling interest	`PaymentToAcquireRoyaltyInterestFromNoncontrollingInterest`	$1.02M	USD	1 Quarter
Other	`ProceedsFromPaymentsForOtherFinancingActivities`	$55.00K	USD	1 Quarter
Other	`ProceedsFromPaymentsForOtherFinancingActivities`	$-315.00K	USD	1 Quarter
Net cash (used in) provided by financing activities	`NetCashProvidedByUsedInFinancingActivities`	$51.61M	USD	1 Quarter
Net cash (used in) provided by financing activities	`NetCashProvidedByUsedInFinancingActivities`	$-69.16M	USD	1 Quarter
Net increase in cash and equivalents	`CashAndCashEquivalentsPeriodIncreaseDecrease`	$16.41M	USD	1 Quarter
Net increase in cash and equivalents	`CashAndCashEquivalentsPeriodIncreaseDecrease`	$2.55M	USD	1 Quarter
Cash and equivalents at beginning of period	`CashAndCashEquivalentsAtCarryingValue`	$116.63M	USD	Point-in-time
Cash and equivalents at beginning of period	`CashAndCashEquivalentsAtCarryingValue`	$85.85M	USD	Point-in-time
Cash and equivalents at beginning of period	`CashAndCashEquivalentsAtCarryingValue`	$88.39M	USD	Point-in-time
Cash and equivalents at beginning 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`	$85.85M	USD	Point-in-time
Cash and equivalents at end of period	`CashAndCashEquivalentsAtCarryingValue`	$88.39M	USD	Point-in-time
Cash and equivalents at end of period	`CashAndCashEquivalentsAtCarryingValue`	$133.04M	USD	Point-in-time

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