10-Q Filing

ROYAL GOLD INC CIK: 85535 Q1 2020

Filing Information

Form Type	10-Q
Accession Number	`0001558370-19-010239`
Period End Date	20190930
Filing Date	20191107
Fiscal Year	2020
Fiscal Period	Q1
XBRL Instance	rgld-20190930x10q882581_htm.xml

Filing Contents

This filing contains the following financial statements:

Balance Sheet 69 Income Statement 50 Cash Flow Statement 55 Stockholders Equity 16

Balance Sheet 69 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
Preferred stock, shares authorized	`PreferredStockSharesAuthorized`	10.00M	shares	Point-in-time
Cash and equivalents	`CashAndCashEquivalentsAtCarryingValue`	$119.47M	USD	Point-in-time
Cash and equivalents	`CashAndCashEquivalentsAtCarryingValue`	$121.97M	USD	Point-in-time
Preferred stock, shares issued	`PreferredStockSharesIssued`	0.00	shares	Point-in-time
Royalty receivables	`RoyaltyReceivables`	$26.64M	USD	Point-in-time
Royalty receivables	`RoyaltyReceivables`	$20.73M	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`	$2.70M	USD	Point-in-time
Common stock, par value (in dollars per share)	`CommonStockParOrStatedValuePerShare`	$0.01	USD	Point-in-time
Income tax receivable	`IncomeTaxesReceivable`	$3.70M	USD	Point-in-time
Common stock, shares authorized	`CommonStockSharesAuthorized`	200.00M	shares	Point-in-time
Stream inventory	`InventoryGross`	$11.38M	USD	Point-in-time
Stream inventory	`InventoryGross`	$10.77M	USD	Point-in-time
Common stock, shares authorized	`CommonStockSharesAuthorized`	200.00M	shares	Point-in-time
Prepaid expenses and other	`PrepaidExpenseAndOtherAssetsCurrent`	$1.14M	USD	Point-in-time
Common stock, shares outstanding	`CommonStockSharesOutstanding`	65.44M	shares	Point-in-time
Prepaid expenses and other	`PrepaidExpenseAndOtherAssetsCurrent`	$389.00K	USD	Point-in-time
Common stock, shares outstanding	`CommonStockSharesOutstanding`	65.50M	shares	Point-in-time
Total current assets	`AssetsCurrent`	$164.21M	USD	Point-in-time
Total current assets	`AssetsCurrent`	$154.68M	USD	Point-in-time
Stream and royalty interests, net	`MineralPropertiesNet`	$2.34B	USD	Point-in-time
Stream and royalty interests, net	`MineralPropertiesNet`	$2.31B	USD	Point-in-time
Other assets	`OtherAssetsNoncurrent`	$50.16M	USD	Point-in-time
Other assets	`OtherAssetsNoncurrent`	$78.68M	USD	Point-in-time
Total assets	`Assets`	$2.54B	USD	Point-in-time
Total assets	`Assets`	$2.55B	USD	Point-in-time
Accounts payable	`AccountsPayableCurrent`	$2.89M	USD	Point-in-time
Accounts payable	`AccountsPayableCurrent`	$3.50M	USD	Point-in-time
Dividends payable	`DividendsPayableCurrent`	$17.37M	USD	Point-in-time
Dividends payable	`DividendsPayableCurrent`	$17.38M	USD	Point-in-time
Income tax payable	`AccruedIncomeTaxesCurrent`	$5.55M	USD	Point-in-time
Income tax payable	`AccruedIncomeTaxesCurrent`	$6.97M	USD	Point-in-time
Other current liabilities	`OtherLiabilitiesCurrent`	$6.37M	USD	Point-in-time
Other current liabilities	`OtherLiabilitiesCurrent`	$5.95M	USD	Point-in-time
Total current liabilities	`LiabilitiesCurrent`	$32.37M	USD	Point-in-time
Total current liabilities	`LiabilitiesCurrent`	$33.61M	USD	Point-in-time
Debt (Note 5)	`LongTermDebtNoncurrent`	$214.55M	USD	Point-in-time
Debt (Note 5)	`LongTermDebtNoncurrent`	$164.59M	USD	Point-in-time
Deferred tax liabilities	`DeferredIncomeTaxLiabilitiesNet`	$88.96M	USD	Point-in-time
Deferred tax liabilities	`DeferredIncomeTaxLiabilitiesNet`	$88.18M	USD	Point-in-time
Uncertain tax positions	`LiabilityForUncertainTaxPositionsNoncurrent`	$36.57M	USD	Point-in-time
Uncertain tax positions	`LiabilityForUncertainTaxPositionsNoncurrent`	$38.32M	USD	Point-in-time
Other long-term liabilities	`OtherLiabilitiesNoncurrent`	$2.11M	USD	Point-in-time
Total liabilities	`Liabilities`	$373.70M	USD	Point-in-time
Total liabilities	`Liabilities`	$325.58M	USD	Point-in-time
Commitments and contingencies	`CommitmentsAndContingencies`	-	USD	Point-in-time
Commitments and contingencies	`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 65,495,797 and 65,440,492 shares outstanding, respectively	`CommonStockValue`	$655.00K	USD	Point-in-time
Common stock, $.01 par value, 200,000,000 shares authorized; and 65,495,797 and 65,440,492 shares outstanding, respectively	`CommonStockValue`	$655.00K	USD	Point-in-time
Additional paid-in capital	`AdditionalPaidInCapital`	$2.20B	USD	Point-in-time
Additional paid-in capital	`AdditionalPaidInCapital`	$2.20B	USD	Point-in-time
Accumulated losses	`RetainedEarningsAccumulatedDeficit`	$-65.75M	USD	Point-in-time
Accumulated losses	`RetainedEarningsAccumulatedDeficit`	$-12.68M	USD	Point-in-time
Total Royal Gold stockholders' equity	`StockholdersEquity`	$2.19B	USD	Point-in-time
Total Royal Gold stockholders' equity	`StockholdersEquity`	$2.14B	USD	Point-in-time
Non-controlling interests	`MinorityInterest`	$33.77M	USD	Point-in-time
Non-controlling interests	`MinorityInterest`	$32.00M	USD	Point-in-time
Total equity	`StockholdersEquityIncludingPortionAttributableToNoncontrollingInterest`	$2.14B	USD	Point-in-time
Total equity	`StockholdersEquityIncludingPortionAttributableToNoncontrollingInterest`	$2.17B	USD	Point-in-time
Total equity	`StockholdersEquityIncludingPortionAttributableToNoncontrollingInterest`	$2.22B	USD	Point-in-time
Total equity	`StockholdersEquityIncludingPortionAttributableToNoncontrollingInterest`	$2.14B	USD	Point-in-time
Total liabilities and equity	`LiabilitiesAndStockholdersEquity`	$2.55B	USD	Point-in-time
Total liabilities and equity	`LiabilitiesAndStockholdersEquity`	$2.54B	USD	Point-in-time

Income Statement 50 line items

Line Item	Tag	Value	Unit	Period
Revenue	`RevenueFromContractWithCustomerExcludingAssessedTax`	$99.99M	USD	1 Quarter
Revenue	`RevenueFromContractWithCustomerExcludingAssessedTax`	$118.77M	USD	1 Quarter
Cost of sales (excludes depreciation, depletion and amortization)	`CostOfGoodsAndServiceExcludingDepreciationDepletionAndAmortization`	$16.53M	USD	1 Quarter
Cost of sales (excludes depreciation, depletion and amortization)	`CostOfGoodsAndServiceExcludingDepreciationDepletionAndAmortization`	$20.11M	USD	1 Quarter
General and administrative	`GeneralAndAdministrativeExpense`	$9.93M	USD	1 Quarter
General and administrative	`GeneralAndAdministrativeExpense`	$7.44M	USD	1 Quarter
Production taxes	`TaxesExcludingIncomeAndExciseTaxes`	$1.10M	USD	1 Quarter
Production taxes	`TaxesExcludingIncomeAndExciseTaxes`	$1.29M	USD	1 Quarter
Exploration costs	`ExplorationExpense`	$4.36M	USD	1 Quarter
Exploration costs	`ExplorationExpense`	$2.63M	USD	1 Quarter
Depreciation, depletion and amortization	`DepreciationDepletionAndAmortization`	$42.55M	USD	1 Quarter
Depreciation, depletion and amortization	`DepreciationDepletionAndAmortization`	$38.71M	USD	1 Quarter
Total costs and expenses	`CostsAndExpenses`	$74.66M	USD	1 Quarter
Total costs and expenses	`CostsAndExpenses`	$69.99M	USD	1 Quarter
Operating income (loss)	`OperatingIncomeLoss`	$25.33M	USD	1 Quarter
Operating income (loss)	`OperatingIncomeLoss`	$48.78M	USD	1 Quarter
Fair value changes in equity securities	`EquitySecuritiesFvNiUnrealizedGainLoss`	$-1.38M	USD	1 Quarter
Fair value changes in equity securities	`EquitySecuritiesFvNiUnrealizedGainLoss`	$-1.47M	USD	1 Quarter
Interest and other income	`InterestAndOtherIncome`	$103.00K	USD	1 Quarter
Interest and other income	`InterestAndOtherIncome`	$775.00K	USD	1 Quarter
Interest and other expense	`InterestAndOtherExpense`	$2.83M	USD	1 Quarter
Interest and other expense	`InterestAndOtherExpense`	$7.88M	USD	1 Quarter
Income before income taxes	`IncomeLossFromContinuingOperationsBeforeIncomeTaxesExtraordinaryItemsNoncontrollingInterest`	$16.09M	USD	1 Quarter
Income before income taxes	`IncomeLossFromContinuingOperationsBeforeIncomeTaxesExtraordinaryItemsNoncontrollingInterest`	$45.35M	USD	1 Quarter
Income tax benefit (expense)	`IncomeTaxExpenseBenefit`	$4.12M	USD	1 Quarter
Income tax benefit (expense)	`IncomeTaxExpenseBenefit`	$-23.52M	USD	1 Quarter
Net income	`ProfitLoss`	$11.98M	USD	1 Quarter
Net income	`ProfitLoss`	$68.87M	USD	1 Quarter
Net loss attributable to non-controlling interests	`NetIncomeLossAttributableToNoncontrollingInterest`	$-1.58M	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`	$70.45M	USD	1 Quarter
Net income	`ProfitLoss`	$11.98M	USD	1 Quarter
Net income	`ProfitLoss`	$68.87M	USD	1 Quarter
Comprehensive income	`ComprehensiveIncomeNetOfTaxIncludingPortionAttributableToNoncontrollingInterest`	$68.87M	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`	$-1.58M	USD	1 Quarter
Comprehensive income attributable to Royal Gold stockholders	`ComprehensiveIncomeNetOfTax`	$15.01M	USD	1 Quarter
Comprehensive income attributable to Royal Gold stockholders	`ComprehensiveIncomeNetOfTax`	$70.45M	USD	1 Quarter
Basic earnings per share (in dollars per share)	`EarningsPerShareBasic`	$1.07	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`	65.47M	shares	1 Quarter
Basic weighted average shares outstanding (in shares)	`WeightedAverageNumberOfSharesOutstandingBasic`	65.37M	shares	1 Quarter
Diluted earnings per share (in dollars per share)	`EarningsPerShareDiluted`	$0.23	USD	1 Quarter
Diluted earnings per share (in dollars per share)	`EarningsPerShareDiluted`	$1.07	USD	1 Quarter
Diluted weighted average shares outstanding (in shares)	`WeightedAverageNumberOfDilutedSharesOutstanding`	65.50M	shares	1 Quarter
Diluted weighted average shares outstanding (in shares)	`WeightedAverageNumberOfDilutedSharesOutstanding`	65.62M	shares	1 Quarter
Cash dividends declared per common share (in dollars per share)	`CommonStockDividendsPerShareDeclared`	$0.27	USD	1 Quarter
Cash dividends declared per common share (in dollars per share)	`CommonStockDividendsPerShareDeclared`	$0.25	USD	1 Quarter

Cash Flow Statement 55 line items

Line Item	Tag	Value	Unit	Period
Net income	`ProfitLoss`	$11.98M	USD	1 Quarter
Net income	`ProfitLoss`	$68.87M	USD	1 Quarter
Depreciation, depletion and amortization	`DepreciationDepletionAndAmortization`	$42.55M	USD	1 Quarter
Depreciation, depletion and amortization	`DepreciationDepletionAndAmortization`	$38.71M	USD	1 Quarter
Amortization of debt discount and issuance costs	`AmortizationOfFinancingCostsAndDiscounts`	$281.00K	USD	1 Quarter
Amortization of debt discount and issuance costs	`AmortizationOfFinancingCostsAndDiscounts`	$3.90M	USD	1 Quarter
Non-cash employee stock compensation expense	`ShareBasedCompensation`	$2.10M	USD	1 Quarter
Non-cash employee stock compensation expense	`ShareBasedCompensation`	$2.44M	USD	1 Quarter
Fair value changes in equity securities	`EquitySecuritiesFvNiUnrealizedGainLoss`	$-1.38M	USD	1 Quarter
Fair value changes in equity securities	`EquitySecuritiesFvNiUnrealizedGainLoss`	$-1.47M	USD	1 Quarter
Deferred tax benefit	`DeferredIncomeTaxExpenseBenefit`	$-1.68M	USD	1 Quarter
Deferred tax benefit	`DeferredIncomeTaxExpenseBenefit`	$-33.14M	USD	1 Quarter
Royalty receivables	`IncreaseDecreaseInAccountsReceivable`	$-1.25M	USD	1 Quarter
Royalty receivables	`IncreaseDecreaseInAccountsReceivable`	$5.90M	USD	1 Quarter
Stream inventory	`IncreaseDecreaseInInventories`	$-608.00K	USD	1 Quarter
Stream inventory	`IncreaseDecreaseInInventories`	$701.00K	USD	1 Quarter
Income tax receivable	`IncreaseDecreaseInIncomeTaxesReceivable`	$6.34M	USD	1 Quarter
Income tax receivable	`IncreaseDecreaseInIncomeTaxesReceivable`	$995.00K	USD	1 Quarter
Prepaid expenses and other assets	`IncreaseDecreaseInPrepaidDeferredExpenseAndOtherAssets`	$3.20M	USD	1 Quarter
Prepaid expenses and other assets	`IncreaseDecreaseInPrepaidDeferredExpenseAndOtherAssets`	$-1.06M	USD	1 Quarter
Accounts payable	`IncreaseDecreaseInAccountsPayable`	$-4.06M	USD	1 Quarter
Accounts payable	`IncreaseDecreaseInAccountsPayable`	$517.00K	USD	1 Quarter
Income tax payable	`IncreaseDecreaseInAccruedIncomeTaxesPayable`	$-10.24M	USD	1 Quarter
Income tax payable	`IncreaseDecreaseInAccruedIncomeTaxesPayable`	$-1.43M	USD	1 Quarter
Uncertain tax positions	`UnrecognizedTaxBenefitsCashImpact`	$1.75M	USD	1 Quarter
Uncertain tax positions	`UnrecognizedTaxBenefitsCashImpact`	$3.27M	USD	1 Quarter
Other liabilities	`IncreaseDecreaseInOtherOperatingLiabilities`	$1.68M	USD	1 Quarter
Other liabilities	`IncreaseDecreaseInOtherOperatingLiabilities`	$-258.00K	USD	1 Quarter
Net cash provided by operating activities	`NetCashProvidedByUsedInOperatingActivities`	$71.24M	USD	1 Quarter
Net cash provided by operating activities	`NetCashProvidedByUsedInOperatingActivities`	$44.64M	USD	1 Quarter
Acquisition of royalty interests	`PaymentsToAcquireBusinessesAndInterestInAffiliates`	$4.36M	USD	1 Quarter
Acquisition of royalty interests	`PaymentsToAcquireBusinessesAndInterestInAffiliates`	$3.00K	USD	1 Quarter
Other	`PaymentsForProceedsFromOtherInvestingActivities`	$121.00K	USD	1 Quarter
Other	`PaymentsForProceedsFromOtherInvestingActivities`	$-4.86M	USD	1 Quarter
Net cash provided by (used in) investing activities	`NetCashProvidedByUsedInInvestingActivities`	$496.00K	USD	1 Quarter
Net cash provided by (used in) investing activities	`NetCashProvidedByUsedInInvestingActivities`	$-124.00K	USD	1 Quarter
Repayment of debt	`RepaymentsOfLongTermDebt`	$50.00M	USD	1 Quarter
Net payments from issuance of common stock	`ProceedsFromRepurchaseOfEquity`	$-1.97M	USD	1 Quarter
Net payments from issuance of common stock	`ProceedsFromRepurchaseOfEquity`	$-2.42M	USD	1 Quarter
Common stock dividends	`PaymentsOfDividendsCommonStock`	$16.38M	USD	1 Quarter
Common stock dividends	`PaymentsOfDividendsCommonStock`	$17.37M	USD	1 Quarter
Other	`ProceedsFromPaymentsForOtherFinancingActivities`	$2.16M	USD	1 Quarter
Other	`ProceedsFromPaymentsForOtherFinancingActivities`	$556.00K	USD	1 Quarter
Net cash used in financing activities	`NetCashProvidedByUsedInFinancingActivities`	$-16.18M	USD	1 Quarter
Net cash used in financing activities	`NetCashProvidedByUsedInFinancingActivities`	$-69.24M	USD	1 Quarter
Net increase in cash and equivalents	`CashCashEquivalentsRestrictedCashAndRestrictedCashEquivalentsPeriodIncreaseDecreaseIncludingExchangeRateEffect`	$2.50M	USD	1 Quarter
Net increase in cash and equivalents	`CashCashEquivalentsRestrictedCashAndRestrictedCashEquivalentsPeriodIncreaseDecreaseIncludingExchangeRateEffect`	$28.33M	USD	1 Quarter
Cash and equivalents at beginning of period	`CashCashEquivalentsRestrictedCashAndRestrictedCashEquivalents`	$88.75M	USD	Point-in-time
Cash and equivalents at beginning of period	`CashCashEquivalentsRestrictedCashAndRestrictedCashEquivalents`	$119.47M	USD	Point-in-time
Cash and equivalents at beginning of period	`CashCashEquivalentsRestrictedCashAndRestrictedCashEquivalents`	$121.97M	USD	Point-in-time
Cash and equivalents at beginning of period	`CashCashEquivalentsRestrictedCashAndRestrictedCashEquivalents`	$117.08M	USD	Point-in-time
Cash and equivalents at end of period	`CashCashEquivalentsRestrictedCashAndRestrictedCashEquivalents`	$88.75M	USD	Point-in-time
Cash and equivalents at end of period	`CashCashEquivalentsRestrictedCashAndRestrictedCashEquivalents`	$119.47M	USD	Point-in-time
Cash and equivalents at end of period	`CashCashEquivalentsRestrictedCashAndRestrictedCashEquivalents`	$121.97M	USD	Point-in-time
Cash and equivalents at end of period	`CashCashEquivalentsRestrictedCashAndRestrictedCashEquivalents`	$117.08M	USD	Point-in-time

Stockholders Equity 16 line items

Line Item	Tag	Value	Unit	Period
Balance	`StockholdersEquityIncludingPortionAttributableToNoncontrollingInterest`	$2.14B	USD	Point-in-time
Balance	`StockholdersEquityIncludingPortionAttributableToNoncontrollingInterest`	$2.17B	USD	Point-in-time
Balance	`StockholdersEquityIncludingPortionAttributableToNoncontrollingInterest`	$2.22B	USD	Point-in-time
Balance	`StockholdersEquityIncludingPortionAttributableToNoncontrollingInterest`	$2.14B	USD	Point-in-time
Stock-based compensation and related share issuances	`StockIssuedDuringPeriodValueShareBasedCompensation`	$-323.00K	USD	1 Quarter
Stock-based compensation and related share issuances	`StockIssuedDuringPeriodValueShareBasedCompensation`	$472.00K	USD	1 Quarter
Distributions from (to) non-controlling interests	`NoncontrollingInterestIncreaseFromContributionsFromNoncontrollingInterestHolders`	$708.00K	USD	1 Quarter
Distributions from (to) non-controlling interests	`NoncontrollingInterestIncreaseFromContributionsFromNoncontrollingInterestHolders`	$1.93M	USD	1 Quarter
Net income	`ProfitLoss`	$11.98M	USD	1 Quarter
Net income	`ProfitLoss`	$68.87M	USD	1 Quarter
Dividends declared	`DividendsCommonStock`	$17.38M	USD	1 Quarter
Dividends declared	`DividendsCommonStock`	$16.38M	USD	1 Quarter
Balance	`StockholdersEquityIncludingPortionAttributableToNoncontrollingInterest`	$2.14B	USD	Point-in-time
Balance	`StockholdersEquityIncludingPortionAttributableToNoncontrollingInterest`	$2.17B	USD	Point-in-time
Balance	`StockholdersEquityIncludingPortionAttributableToNoncontrollingInterest`	$2.22B	USD	Point-in-time
Balance	`StockholdersEquityIncludingPortionAttributableToNoncontrollingInterest`	$2.14B	USD	Point-in-time

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