10-Q Filing

ROYAL GOLD INC CIK: 85535 Q1 2019

Filing Information

Form Type	10-Q
Accession Number	`0001558370-18-008198`
Period End Date	20180930
Filing Date	20181101
Fiscal Year	2019
Fiscal Period	Q1
XBRL Instance	rgld-20180930.xml

Filing Contents

This filing contains the following financial statements:

Balance Sheet 71 Income Statement 50 Cash Flow Statement 57

Balance Sheet 71 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
Preferred stock, shares authorized	`PreferredStockSharesAuthorized`	10.00M	shares	Point-in-time
Cash and equivalents	`CashAndCashEquivalentsAtCarryingValue`	$88.75M	USD	Point-in-time
Cash and equivalents	`CashAndCashEquivalentsAtCarryingValue`	$117.08M	USD	Point-in-time
Preferred stock, shares authorized	`PreferredStockSharesAuthorized`	10.00M	shares	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`	$26.36M	USD	Point-in-time
Royalty receivables	`RoyaltyReceivables`	$25.11M	USD	Point-in-time
Common stock, par value (in dollars per share)	`CommonStockParOrStatedValuePerShare`	$0.01	USD	Point-in-time
Income tax receivable	`IncomeTaxesReceivable`	$6.38M	USD	Point-in-time
Common stock, par value (in dollars per share)	`CommonStockParOrStatedValuePerShare`	$0.01	USD	Point-in-time
Income tax receivable	`IncomeTaxesReceivable`	$40.00K	USD	Point-in-time
Common stock, shares authorized	`CommonStockSharesAuthorized`	200.00M	shares	Point-in-time
Stream inventory	`InventoryGross`	$10.01M	USD	Point-in-time
Common stock, shares authorized	`CommonStockSharesAuthorized`	200.00M	shares	Point-in-time
Stream inventory	`InventoryGross`	$9.31M	USD	Point-in-time
Common stock, shares outstanding	`CommonStockSharesOutstanding`	65.39M	shares	Point-in-time
Prepaid expenses and other	`PrepaidExpenseAndOtherAssetsCurrent`	$1.35M	USD	Point-in-time
Prepaid expenses and other	`PrepaidExpenseAndOtherAssetsCurrent`	$854.00K	USD	Point-in-time
Common stock, shares outstanding	`CommonStockSharesOutstanding`	65.36M	shares	Point-in-time
Total current assets	`AssetsCurrent`	$159.43M	USD	Point-in-time
Total current assets	`AssetsCurrent`	$125.81M	USD	Point-in-time
Stream and royalty interests, net	`MineralPropertiesNet`	$2.50B	USD	Point-in-time
Stream and royalty interests, net	`MineralPropertiesNet`	$2.46B	USD	Point-in-time
Other assets	`OtherAssetsNoncurrent`	$55.09M	USD	Point-in-time
Other assets	`OtherAssetsNoncurrent`	$54.82M	USD	Point-in-time
Total assets	`Assets`	$2.68B	USD	Point-in-time
Total assets	`Assets`	$2.67B	USD	Point-in-time
Accounts payable	`AccountsPayableCurrent`	$9.09M	USD	Point-in-time
Accounts payable	`AccountsPayableCurrent`	$5.05M	USD	Point-in-time
Dividends payable	`DividendsPayableCurrent`	$16.38M	USD	Point-in-time
Dividends payable	`DividendsPayableCurrent`	$16.38M	USD	Point-in-time
Income tax payable	`AccruedIncomeTaxesCurrent`	$8.01M	USD	Point-in-time
Income tax payable	`AccruedIncomeTaxesCurrent`	$18.25M	USD	Point-in-time
Withholding taxes payable	`ForeignWithholdingTaxesPayableCurrent`	$3.25M	USD	Point-in-time
Withholding taxes payable	`ForeignWithholdingTaxesPayableCurrent`	$2.55M	USD	Point-in-time
Other current liabilities	`OtherLiabilitiesCurrent`	$5.38M	USD	Point-in-time
Other current liabilities	`OtherLiabilitiesCurrent`	$4.41M	USD	Point-in-time
Total current liabilities	`LiabilitiesCurrent`	$51.38M	USD	Point-in-time
Total current liabilities	`LiabilitiesCurrent`	$37.37M	USD	Point-in-time
Debt	`LongTermDebtNoncurrent`	$351.03M	USD	Point-in-time
Debt	`LongTermDebtNoncurrent`	$354.94M	USD	Point-in-time
Deferred tax liabilities	`DeferredTaxLiabilitiesNoncurrent`	$91.15M	USD	Point-in-time
Deferred tax liabilities	`DeferredTaxLiabilitiesNoncurrent`	$91.36M	USD	Point-in-time
Uncertain tax positions	`LiabilityForUncertainTaxPositionsNoncurrent`	$33.39M	USD	Point-in-time
Uncertain tax positions	`LiabilityForUncertainTaxPositionsNoncurrent`	$36.66M	USD	Point-in-time
Other long-term liabilities	`OtherLiabilitiesNoncurrent`	$13.80M	USD	Point-in-time
Other long-term liabilities	`OtherLiabilitiesNoncurrent`	$13.28M	USD	Point-in-time
Total liabilities	`Liabilities`	$540.75M	USD	Point-in-time
Total liabilities	`Liabilities`	$533.60M	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 65,394,898 and 65,360,041 shares outstanding, respectively	`CommonStockValue`	$654.00K	USD	Point-in-time
Common stock, $.01 par value, 200,000,000 shares authorized; and 65,394,898 and 65,360,041 shares outstanding, respectively	`CommonStockValue`	$654.00K	USD	Point-in-time
Additional paid-in capital	`AdditionalPaidInCapital`	$2.20B	USD	Point-in-time
Additional paid-in capital	`AdditionalPaidInCapital`	$2.19B	USD	Point-in-time
Accumulated other comprehensive loss	`AccumulatedOtherComprehensiveIncomeLossNetOfTax`	$-1.20M	USD	Point-in-time
Accumulated losses	`RetainedEarningsAccumulatedDeficit`	$-92.47M	USD	Point-in-time
Accumulated losses	`RetainedEarningsAccumulatedDeficit`	$-89.90M	USD	Point-in-time
Total Royal Gold stockholders equity	`StockholdersEquity`	$2.10B	USD	Point-in-time
Total Royal Gold stockholders equity	`StockholdersEquity`	$2.10B	USD	Point-in-time
Non-controlling interests	`MinorityInterest`	$36.05M	USD	Point-in-time
Non-controlling interests	`MinorityInterest`	$39.10M	USD	Point-in-time
Total equity	`StockholdersEquityIncludingPortionAttributableToNoncontrollingInterest`	$2.14B	USD	Point-in-time
Total equity	`StockholdersEquityIncludingPortionAttributableToNoncontrollingInterest`	$2.14B	USD	Point-in-time
Total liabilities and equity	`LiabilitiesAndStockholdersEquity`	$2.67B	USD	Point-in-time
Total liabilities and equity	`LiabilitiesAndStockholdersEquity`	$2.68B	USD	Point-in-time

Income Statement 50 line items

Line Item	Tag	Value	Unit	Period
Revenue	`RevenueFromContractWithCustomerExcludingAssessedTax`	$99.99M	USD	1 Quarter
Revenue	`RevenueFromContractWithCustomerExcludingAssessedTax`	$112.48M	USD	1 Quarter
Cost of sales	`CostOfGoodsSoldExcludingDepreciationDepletionAndAmortization`	$16.53M	USD	1 Quarter
Cost of sales	`CostOfGoodsSoldExcludingDepreciationDepletionAndAmortization`	$20.42M	USD	1 Quarter
General and administrative	`GeneralAndAdministrativeExpense`	$9.93M	USD	1 Quarter
General and administrative	`GeneralAndAdministrativeExpense`	$6.90M	USD	1 Quarter
Production taxes	`TaxesExcludingIncomeAndExciseTaxes`	$543.00K	USD	1 Quarter
Production taxes	`TaxesExcludingIncomeAndExciseTaxes`	$1.29M	USD	1 Quarter
Exploration costs	`ExplorationExpense`	$4.36M	USD	1 Quarter
Exploration costs	`ExplorationExpense`	$3.20M	USD	1 Quarter
Depreciation, depletion and amortization	`DepreciationDepletionAndAmortization`	$39.69M	USD	1 Quarter
Depreciation, depletion and amortization	`DepreciationDepletionAndAmortization`	$42.55M	USD	1 Quarter
Total costs and expenses	`CostsAndExpenses`	$74.66M	USD	1 Quarter
Total costs and expenses	`CostsAndExpenses`	$70.76M	USD	1 Quarter
Operating income	`OperatingIncomeLoss`	$41.72M	USD	1 Quarter
Operating income	`OperatingIncomeLoss`	$25.33M	USD	1 Quarter
Fair value changes in equity securities	`EquitySecuritiesFvNiUnrealizedGainLoss`	$-1.47M	USD	1 Quarter
Interest and other income	`InterestAndOtherIncome`	$989.00K	USD	1 Quarter
Interest and other income	`InterestAndOtherIncome`	$103.00K	USD	1 Quarter
Interest and other expense	`InterestAndOtherExpense`	$7.88M	USD	1 Quarter
Interest and other expense	`InterestAndOtherExpense`	$8.62M	USD	1 Quarter
Income before income taxes	`IncomeLossFromContinuingOperationsBeforeIncomeTaxesExtraordinaryItemsNoncontrollingInterest`	$34.09M	USD	1 Quarter
Income before income taxes	`IncomeLossFromContinuingOperationsBeforeIncomeTaxesExtraordinaryItemsNoncontrollingInterest`	$16.09M	USD	1 Quarter
Income tax expense	`IncomeTaxExpenseBenefit`	$7.54M	USD	1 Quarter
Income tax expense	`IncomeTaxExpenseBenefit`	$4.12M	USD	1 Quarter
Net income	`ProfitLoss`	$26.55M	USD	1 Quarter
Net income	`ProfitLoss`	$11.98M	USD	1 Quarter
Net loss attributable to non-controlling interests	`NetIncomeLossAttributableToNoncontrollingInterest`	$-2.08M	USD	1 Quarter
Net loss attributable to non-controlling interests	`NetIncomeLossAttributableToNoncontrollingInterest`	$-3.03M	USD	1 Quarter
Net income attributable to Royal Gold common stockholders	`NetIncomeLoss`	$15.01M	USD	1 Quarter
Net income attributable to Royal Gold common stockholders	`NetIncomeLoss`	$28.63M	USD	1 Quarter
Net income	`ProfitLoss`	$26.55M	USD	1 Quarter
Net income	`ProfitLoss`	$11.98M	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`	$11.98M	USD	1 Quarter
Comprehensive loss attributable to non-controlling interests	`ComprehensiveIncomeNetOfTaxAttributableToNoncontrollingInterest`	$-3.03M	USD	1 Quarter
Comprehensive loss attributable to non-controlling interests	`ComprehensiveIncomeNetOfTaxAttributableToNoncontrollingInterest`	$-2.08M	USD	1 Quarter
Comprehensive income attributable to Royal Gold stockholders	`ComprehensiveIncomeNetOfTax`	$28.83M	USD	1 Quarter
Comprehensive income attributable to Royal Gold stockholders	`ComprehensiveIncomeNetOfTax`	$15.01M	USD	1 Quarter
Basic earnings per share (in dollars per share)	`EarningsPerShareBasic`	$0.44	USD	1 Quarter
Basic earnings per share (in dollars per share)	`EarningsPerShareBasic`	$0.23	USD	1 Quarter
Basic weighted average shares outstanding (in shares)	`WeightedAverageNumberOfSharesOutstandingBasic`	65.37M	shares	1 Quarter
Basic weighted average shares outstanding (in shares)	`WeightedAverageNumberOfSharesOutstandingBasic`	65.24M	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`	$0.23	USD	1 Quarter
Diluted weighted average shares outstanding (in shares)	`WeightedAverageNumberOfDilutedSharesOutstanding`	65.50M	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`	$0.24	USD	1 Quarter
Cash dividends declared per common share (in dollars per share)	`CommonStockDividendsPerShareDeclared`	$0.25	USD	1 Quarter

Cash Flow Statement 57 line items

Line Item	Tag	Value	Unit	Period
Net income	`ProfitLoss`	$26.55M	USD	1 Quarter
Net income	`ProfitLoss`	$11.98M	USD	1 Quarter
Depreciation, depletion and amortization	`DepreciationDepletionAndAmortization`	$39.69M	USD	1 Quarter
Depreciation, depletion and amortization	`DepreciationDepletionAndAmortization`	$42.55M	USD	1 Quarter
Amortization of debt discount and issuance costs	`AmortizationOfFinancingCostsAndDiscounts`	$3.68M	USD	1 Quarter
Amortization of debt discount and issuance costs	`AmortizationOfFinancingCostsAndDiscounts`	$3.90M	USD	1 Quarter
Non-cash employee stock compensation expense	`ShareBasedCompensation`	$2.37M	USD	1 Quarter
Non-cash employee stock compensation expense	`ShareBasedCompensation`	$2.44M	USD	1 Quarter
Fair value changes in equity securities	`IncreaseDecreaseInEquitySecuritiesFvNi`	$-1.47M	USD	1 Quarter
Deferred tax benefit	`DeferredIncomeTaxExpenseBenefit`	$-1.68M	USD	1 Quarter
Deferred tax benefit	`DeferredIncomeTaxExpenseBenefit`	$-727.00K	USD	1 Quarter
Other	`OtherNoncashIncomeExpense`	$223.00K	USD	1 Quarter
Royalty receivables	`IncreaseDecreaseInReceivables`	$-1.25M	USD	1 Quarter
Royalty receivables	`IncreaseDecreaseInReceivables`	$2.19M	USD	1 Quarter
Stream inventory	`IncreaseDecreaseInInventories`	$701.00K	USD	1 Quarter
Stream inventory	`IncreaseDecreaseInInventories`	$-89.00K	USD	1 Quarter
Income tax receivable	`IncreaseDecreaseInIncomeTaxesReceivable`	$3.85M	USD	1 Quarter
Income tax receivable	`IncreaseDecreaseInIncomeTaxesReceivable`	$6.34M	USD	1 Quarter
Prepaid expenses and other assets	`IncreaseDecreaseInPrepaidDeferredExpenseAndOtherAssets`	$1.65M	USD	1 Quarter
Prepaid expenses and other assets	`IncreaseDecreaseInPrepaidDeferredExpenseAndOtherAssets`	$-1.06M	USD	1 Quarter
Accounts payable	`IncreaseDecreaseInAccountsPayable`	$-985.00K	USD	1 Quarter
Accounts payable	`IncreaseDecreaseInAccountsPayable`	$-4.06M	USD	1 Quarter
Income tax payable	`IncreaseDecreaseInAccruedIncomeTaxesPayable`	$-10.24M	USD	1 Quarter
Income tax payable	`IncreaseDecreaseInAccruedIncomeTaxesPayable`	$6.04M	USD	1 Quarter
Withholding taxes payable	`IncreaseDecreaseInForeignWithholdingTaxesPayable`	$-703.00K	USD	1 Quarter
Withholding taxes payable	`IncreaseDecreaseInForeignWithholdingTaxesPayable`	$37.00K	USD	1 Quarter
Uncertain tax positions	`UnrecognizedTaxBenefitsCashImpact`	$2.49M	USD	1 Quarter
Uncertain tax positions	`UnrecognizedTaxBenefitsCashImpact`	$3.27M	USD	1 Quarter
Other liabilities	`IncreaseDecreaseInOtherOperatingLiabilities`	$445.00K	USD	1 Quarter
Other liabilities	`IncreaseDecreaseInOtherOperatingLiabilities`	$299.00K	USD	1 Quarter
Net cash provided by operating activities	`NetCashProvidedByUsedInOperatingActivities`	$44.64M	USD	1 Quarter
Net cash provided by operating activities	`NetCashProvidedByUsedInOperatingActivities`	$71.61M	USD	1 Quarter
Acquisition of stream and royalty interests	`PaymentsToAcquireBusinessesAndInterestInAffiliates`	$3.00K	USD	1 Quarter
Acquisition of stream and royalty interests	`PaymentsToAcquireBusinessesAndInterestInAffiliates`	$5.00K	USD	1 Quarter
Other	`PaymentsForProceedsFromOtherInvestingActivities`	$121.00K	USD	1 Quarter
Other	`PaymentsForProceedsFromOtherInvestingActivities`	$-100.00K	USD	1 Quarter
Net cash (used in) provided by investing activities	`NetCashProvidedByUsedInInvestingActivities`	$-124.00K	USD	1 Quarter
Net cash (used in) provided by investing activities	`NetCashProvidedByUsedInInvestingActivities`	$95.00K	USD	1 Quarter
Repayment of revolving credit facility	`RepaymentsOfLongTermLinesOfCredit`	$50.00M	USD	1 Quarter
Net payments from issuance of common stock	`ProceedsFromRepurchaseOfEquity`	$-3.53M	USD	1 Quarter
Net payments from issuance of common stock	`ProceedsFromRepurchaseOfEquity`	$-1.97M	USD	1 Quarter
Common stock dividends	`PaymentsOfDividendsCommonStock`	$16.38M	USD	1 Quarter
Common stock dividends	`PaymentsOfDividendsCommonStock`	$15.68M	USD	1 Quarter
Other	`ProceedsFromPaymentsForOtherFinancingActivities`	$2.16M	USD	1 Quarter
Other	`ProceedsFromPaymentsForOtherFinancingActivities`	$55.00K	USD	1 Quarter
Net cash used in financing activities	`NetCashProvidedByUsedInFinancingActivities`	$-69.16M	USD	1 Quarter
Net cash used in financing activities	`NetCashProvidedByUsedInFinancingActivities`	$-16.18M	USD	1 Quarter
Net increase in cash and equivalents	`CashCashEquivalentsRestrictedCashAndRestrictedCashEquivalentsPeriodIncreaseDecreaseIncludingExchangeRateEffect`	$28.33M	USD	1 Quarter
Net increase in cash and equivalents	`CashCashEquivalentsRestrictedCashAndRestrictedCashEquivalentsPeriodIncreaseDecreaseIncludingExchangeRateEffect`	$2.55M	USD	1 Quarter
Cash and equivalents at beginning of period	`CashCashEquivalentsRestrictedCashAndRestrictedCashEquivalents`	$85.85M	USD	Point-in-time
Cash and equivalents at beginning of period	`CashCashEquivalentsRestrictedCashAndRestrictedCashEquivalents`	$117.08M	USD	Point-in-time
Cash and equivalents at beginning of period	`CashCashEquivalentsRestrictedCashAndRestrictedCashEquivalents`	$88.39M	USD	Point-in-time
Cash and equivalents at beginning of period	`CashCashEquivalentsRestrictedCashAndRestrictedCashEquivalents`	$88.75M	USD	Point-in-time
Cash and equivalents at end of period	`CashCashEquivalentsRestrictedCashAndRestrictedCashEquivalents`	$85.85M	USD	Point-in-time
Cash and equivalents at end of period	`CashCashEquivalentsRestrictedCashAndRestrictedCashEquivalents`	$117.08M	USD	Point-in-time
Cash and equivalents at end of period	`CashCashEquivalentsRestrictedCashAndRestrictedCashEquivalents`	$88.39M	USD	Point-in-time
Cash and equivalents at end of period	`CashCashEquivalentsRestrictedCashAndRestrictedCashEquivalents`	$88.75M	USD	Point-in-time

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