10-Q Filing

ROYAL GOLD INC CIK: 85535 Q1 2021

Filing Information

Form Type	10-Q
Accession Number	`0001558370-20-012623`
Period End Date	20200930
Filing Date	20201105
Fiscal Year	2021
Fiscal Period	Q1
XBRL Instance	rgld-20200930x10q_htm.xml

Filing Contents

This filing contains the following financial statements:

Balance Sheet 70 Income Statement 43 Cash Flow Statement 59 Stockholders Equity 17

Balance Sheet 70 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`	$413.12M	USD	Point-in-time
Cash and equivalents	`CashAndCashEquivalentsAtCarryingValue`	$319.13M	USD	Point-in-time
Preferred stock, shares authorized	`PreferredStockSharesAuthorized`	10.00M	shares	Point-in-time
Royalty receivables	`RoyaltyReceivables`	$33.57M	USD	Point-in-time
Preferred stock, shares issued	`PreferredStockSharesIssued`	0.00	shares	Point-in-time
Royalty receivables	`RoyaltyReceivables`	$27.69M	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`	$4.30M	USD	Point-in-time
Income tax receivable	`IncomeTaxesReceivable`	$2.44M	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`	$11.67M	USD	Point-in-time
Stream inventory	`InventoryGross`	$17.16M	USD	Point-in-time
Prepaid expenses and other	`PrepaidExpenseAndOtherAssetsCurrent`	$1.23M	USD	Point-in-time
Prepaid expenses and other	`PrepaidExpenseAndOtherAssetsCurrent`	$1.68M	USD	Point-in-time
Common stock, shares outstanding	`CommonStockSharesOutstanding`	65.55M	shares	Point-in-time
Common stock, shares outstanding	`CommonStockSharesOutstanding`	65.53M	shares	Point-in-time
Total current assets	`AssetsCurrent`	$362.15M	USD	Point-in-time
Total current assets	`AssetsCurrent`	$469.82M	USD	Point-in-time
Stream and royalty interests, net (Note 3)	`MineralPropertiesNet`	$2.32B	USD	Point-in-time
Stream and royalty interests, net (Note 3)	`MineralPropertiesNet`	$2.24B	USD	Point-in-time
Other assets	`OtherAssetsNoncurrent`	$85.05M	USD	Point-in-time
Other assets	`OtherAssetsNoncurrent`	$85.22M	USD	Point-in-time
Total assets	`Assets`	$2.77B	USD	Point-in-time
Total assets	`Assets`	$2.80B	USD	Point-in-time
Accounts payable	`AccountsPayableCurrent`	$2.90M	USD	Point-in-time
Accounts payable	`AccountsPayableCurrent`	$2.48M	USD	Point-in-time
Dividends payable	`DividendsPayableCurrent`	$18.37M	USD	Point-in-time
Dividends payable	`DividendsPayableCurrent`	$18.36M	USD	Point-in-time
Income tax payable	`AccruedIncomeTaxesCurrent`	$25.73M	USD	Point-in-time
Income tax payable	`AccruedIncomeTaxesCurrent`	$13.32M	USD	Point-in-time
Other current liabilities	`OtherLiabilitiesCurrent`	$9.14M	USD	Point-in-time
Other current liabilities	`OtherLiabilitiesCurrent`	$9.38M	USD	Point-in-time
Total current liabilities	`LiabilitiesCurrent`	$43.55M	USD	Point-in-time
Total current liabilities	`LiabilitiesCurrent`	$56.14M	USD	Point-in-time
Debt (Note 5)	`LongTermDebtNoncurrent`	$300.44M	USD	Point-in-time
Debt (Note 5)	`LongTermDebtNoncurrent`	$270.70M	USD	Point-in-time
Deferred tax liabilities	`DeferredIncomeTaxLiabilitiesNet`	$86.44M	USD	Point-in-time
Deferred tax liabilities	`DeferredIncomeTaxLiabilitiesNet`	$85.78M	USD	Point-in-time
Uncertain tax positions	`LiabilityForUncertainTaxPositionsNoncurrent`	$13.23M	USD	Point-in-time
Uncertain tax positions	`LiabilityForUncertainTaxPositionsNoncurrent`	$25.43M	USD	Point-in-time
Other long-term liabilities	`OtherLiabilitiesNoncurrent`	$8.31M	USD	Point-in-time
Other long-term liabilities	`OtherLiabilitiesNoncurrent`	$8.12M	USD	Point-in-time
Total liabilities	`Liabilities`	$464.17M	USD	Point-in-time
Total liabilities	`Liabilities`	$433.97M	USD	Point-in-time
Commitments and contingencies (Note 13)	`CommitmentsAndContingencies`	-	USD	Point-in-time
Commitments and contingencies (Note 13)	`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 65,545,606 and 65,531,288 shares outstanding, respectively	`CommonStockValue`	$656.00K	USD	Point-in-time
Common stock, $.01 par value, 200,000,000 shares authorized; and 65,545,606 and 65,531,288 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`	$2.21B	USD	Point-in-time
Accumulated earnings	`RetainedEarningsAccumulatedDeficit`	$149.70M	USD	Point-in-time
Accumulated earnings	`RetainedEarningsAccumulatedDeficit`	$61.13M	USD	Point-in-time
Total Royal Gold stockholders' equity	`StockholdersEquity`	$2.27B	USD	Point-in-time
Total Royal Gold stockholders' equity	`StockholdersEquity`	$2.35B	USD	Point-in-time
Non-controlling interests	`MinorityInterest`	$29.90M	USD	Point-in-time
Non-controlling interests	`MinorityInterest`	$13.16M	USD	Point-in-time
Total equity	`StockholdersEquityIncludingPortionAttributableToNoncontrollingInterest`	$2.36B	USD	Point-in-time
Total equity	`StockholdersEquityIncludingPortionAttributableToNoncontrollingInterest`	$2.30B	USD	Point-in-time
Total equity	`StockholdersEquityIncludingPortionAttributableToNoncontrollingInterest`	$2.17B	USD	Point-in-time
Total equity	`StockholdersEquityIncludingPortionAttributableToNoncontrollingInterest`	$2.22B	USD	Point-in-time
Total liabilities and equity	`LiabilitiesAndStockholdersEquity`	$2.80B	USD	Point-in-time
Total liabilities and equity	`LiabilitiesAndStockholdersEquity`	$2.77B	USD	Point-in-time

Income Statement 43 line items

Line Item	Tag	Value	Unit	Period
Revenue (Note 7)	`RevenueFromContractWithCustomerExcludingAssessedTax`	$118.77M	USD	1 Quarter
Revenue (Note 7)	`RevenueFromContractWithCustomerExcludingAssessedTax`	$146.88M	USD	1 Quarter
Cost of sales (excludes depreciation, depletion and amortization)	`CostOfGoodsAndServiceExcludingDepreciationDepletionAndAmortization`	$21.90M	USD	1 Quarter
Cost of sales (excludes depreciation, depletion and amortization)	`CostOfGoodsAndServiceExcludingDepreciationDepletionAndAmortization`	$20.11M	USD	1 Quarter
General and administrative	`GeneralAndAdministrativeExpense`	$7.45M	USD	1 Quarter
General and administrative	`GeneralAndAdministrativeExpense`	$7.44M	USD	1 Quarter
Production taxes	`TaxesExcludingIncomeAndExciseTaxes`	$1.35M	USD	1 Quarter
Production taxes	`TaxesExcludingIncomeAndExciseTaxes`	$1.10M	USD	1 Quarter
Exploration costs	`ExplorationExpense`	$2.63M	USD	1 Quarter
Exploration costs	`ExplorationExpense`	$563.00K	USD	1 Quarter
Depreciation, depletion and amortization	`DepreciationDepletionAndAmortization`	$38.71M	USD	1 Quarter
Depreciation, depletion and amortization	`DepreciationDepletionAndAmortization`	$46.30M	USD	1 Quarter
Total costs and expenses	`CostsAndExpenses`	$69.99M	USD	1 Quarter
Total costs and expenses	`CostsAndExpenses`	$77.57M	USD	1 Quarter
Gain on sale of Peak Gold JV interest	`EquityMethodInvestmentRealizedGainLossOnDisposal`	$33.91M	USD	1 Quarter
Operating income	`OperatingIncomeLoss`	$103.21M	USD	1 Quarter
Operating income	`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`	$2.54M	USD	1 Quarter
Interest and other income	`InterestAndOtherIncome`	$421.00K	USD	1 Quarter
Interest and other income	`InterestAndOtherIncome`	$775.00K	USD	1 Quarter
Interest and other expense	`InterestAndOtherExpense`	$1.88M	USD	1 Quarter
Interest and other expense	`InterestAndOtherExpense`	$2.83M	USD	1 Quarter
Income before income taxes	`IncomeLossFromContinuingOperationsBeforeIncomeTaxesExtraordinaryItemsNoncontrollingInterest`	$104.30M	USD	1 Quarter
Income before income taxes	`IncomeLossFromContinuingOperationsBeforeIncomeTaxesExtraordinaryItemsNoncontrollingInterest`	$45.35M	USD	1 Quarter
Income tax benefit	`IncomeTaxExpenseBenefit`	$-2.38M	USD	1 Quarter
Income tax benefit	`IncomeTaxExpenseBenefit`	$-23.52M	USD	1 Quarter
Net income and comprehensive income	`ComprehensiveIncomeNetOfTaxIncludingPortionAttributableToNoncontrollingInterest`	$68.87M	USD	1 Quarter
Net income and comprehensive income	`ComprehensiveIncomeNetOfTaxIncludingPortionAttributableToNoncontrollingInterest`	$106.67M	USD	1 Quarter
Net loss and comprehensive loss attributable to non-controlling interests	`NetIncomeLossAttributableToNoncontrollingInterest`	$-1.58M	USD	1 Quarter
Net loss and comprehensive loss attributable to non-controlling interests	`NetIncomeLossAttributableToNoncontrollingInterest`	$-265.00K	USD	1 Quarter
Net income and comprehensive income attributable to Royal Gold common stockholders	`NetIncomeLoss`	$70.45M	USD	1 Quarter
Net income and comprehensive income attributable to Royal Gold common stockholders	`NetIncomeLoss`	$106.94M	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`	$1.63	USD	1 Quarter
Basic weighted average shares outstanding (in shares)	`WeightedAverageNumberOfSharesOutstandingBasic`	65.47M	shares	1 Quarter
Basic weighted average shares outstanding (in shares)	`WeightedAverageNumberOfSharesOutstandingBasic`	65.54M	shares	1 Quarter
Diluted earnings per share (in dollars per share)	`EarningsPerShareDiluted`	$1.07	USD	1 Quarter
Diluted earnings per share (in dollars per share)	`EarningsPerShareDiluted`	$1.63	USD	1 Quarter
Diluted weighted average shares outstanding (in shares)	`WeightedAverageNumberOfDilutedSharesOutstanding`	65.62M	shares	1 Quarter
Diluted weighted average shares outstanding (in shares)	`WeightedAverageNumberOfDilutedSharesOutstanding`	65.63M	shares	1 Quarter
Cash dividends declared per common share (in dollars per share)	`CommonStockDividendsPerShareDeclared`	$0.28	USD	1 Quarter
Cash dividends declared per common share (in dollars per share)	`CommonStockDividendsPerShareDeclared`	$0.27	USD	1 Quarter

Cash Flow Statement 59 line items

Line Item	Tag	Value	Unit	Period
Net income and comprehensive income	`ProfitLoss`	$68.87M	USD	1 Quarter
Net income and comprehensive income	`ProfitLoss`	$106.67M	USD	1 Quarter
Depreciation, depletion and amortization	`DepreciationDepletionAndAmortization`	$38.71M	USD	1 Quarter
Depreciation, depletion and amortization	`DepreciationDepletionAndAmortization`	$46.30M	USD	1 Quarter
Gain on sale of Peak Gold JV interest	`EquityMethodInvestmentRealizedGainLossOnDisposal`	$33.91M	USD	1 Quarter
Non-cash employee stock compensation expense	`ShareBasedCompensation`	$1.49M	USD	1 Quarter
Non-cash employee stock compensation expense	`ShareBasedCompensation`	$2.10M	USD	1 Quarter
Fair value changes in equity securities	`EquitySecuritiesFvNiUnrealizedGainLoss`	$-1.38M	USD	1 Quarter
Fair value changes in equity securities	`EquitySecuritiesFvNiUnrealizedGainLoss`	$2.54M	USD	1 Quarter
Deferred tax benefit	`DeferredIncomeTaxExpenseBenefit`	$-33.14M	USD	1 Quarter
Deferred tax benefit	`DeferredIncomeTaxExpenseBenefit`	$-10.54M	USD	1 Quarter
Other	`OtherNoncashIncomeExpense`	$-111.00K	USD	1 Quarter
Other	`OtherNoncashIncomeExpense`	$-281.00K	USD	1 Quarter
Royalty receivables	`IncreaseDecreaseInAccountsReceivable`	$5.88M	USD	1 Quarter
Royalty receivables	`IncreaseDecreaseInAccountsReceivable`	$5.90M	USD	1 Quarter
Stream inventory	`IncreaseDecreaseInInventories`	$-608.00K	USD	1 Quarter
Stream inventory	`IncreaseDecreaseInInventories`	$5.49M	USD	1 Quarter
Income tax receivable	`IncreaseDecreaseInIncomeTaxesReceivable`	$1.86M	USD	1 Quarter
Income tax receivable	`IncreaseDecreaseInIncomeTaxesReceivable`	$995.00K	USD	1 Quarter
Prepaid expenses and other assets	`IncreaseDecreaseInPrepaidDeferredExpenseAndOtherAssets`	$-260.00K	USD	1 Quarter
Prepaid expenses and other assets	`IncreaseDecreaseInPrepaidDeferredExpenseAndOtherAssets`	$3.20M	USD	1 Quarter
Accounts payable	`IncreaseDecreaseInAccountsPayable`	$517.00K	USD	1 Quarter
Accounts payable	`IncreaseDecreaseInAccountsPayable`	$-235.00K	USD	1 Quarter
Income tax payable	`IncreaseDecreaseInAccruedIncomeTaxesPayable`	$-1.43M	USD	1 Quarter
Income tax payable	`IncreaseDecreaseInAccruedIncomeTaxesPayable`	$12.41M	USD	1 Quarter
Uncertain tax positions	`UnrecognizedTaxBenefitsCashImpact`	$1.75M	USD	1 Quarter
Uncertain tax positions	`UnrecognizedTaxBenefitsCashImpact`	$-12.20M	USD	1 Quarter
Other liabilities	`IncreaseDecreaseInOtherOperatingLiabilities`	$-437.00K	USD	1 Quarter
Other liabilities	`IncreaseDecreaseInOtherOperatingLiabilities`	$1.68M	USD	1 Quarter
Net cash provided by operating activities	`NetCashProvidedByUsedInOperatingActivities`	$71.24M	USD	1 Quarter
Net cash provided by operating activities	`NetCashProvidedByUsedInOperatingActivities`	$94.15M	USD	1 Quarter
Acquisition of stream and royalty interests	`PaymentsToAcquireBusinessesAndInterestInAffiliates`	$11.30M	USD	1 Quarter
Acquisition of stream and royalty interests	`PaymentsToAcquireBusinessesAndInterestInAffiliates`	$4.36M	USD	1 Quarter
Proceeds from sale of Peak Gold JV interest	`ProceedsFromDivestitureOfInterestInJointVenture`	$49.15M	USD	1 Quarter
Proceeds from sale of Contango shares	`ProceedsFromSaleAndMaturityOfMarketableSecurities`	$12.15M	USD	1 Quarter
Other	`PaymentsForProceedsFromOtherInvestingActivities`	$-4.86M	USD	1 Quarter
Other	`PaymentsForProceedsFromOtherInvestingActivities`	$339.00K	USD	1 Quarter
Net cash provided by investing activities	`NetCashProvidedByUsedInInvestingActivities`	$49.66M	USD	1 Quarter
Net cash provided by investing activities	`NetCashProvidedByUsedInInvestingActivities`	$496.00K	USD	1 Quarter
Repayment of debt	`RepaymentsOfLongTermDebt`	$30.00M	USD	1 Quarter
Repayment of debt	`RepaymentsOfLongTermDebt`	$50.00M	USD	1 Quarter
Net payments from issuance of common stock	`ProceedsFromRepurchaseOfEquity`	$-1.39M	USD	1 Quarter
Net payments from issuance of common stock	`ProceedsFromRepurchaseOfEquity`	$-2.42M	USD	1 Quarter
Common stock dividends	`PaymentsOfDividendsCommonStock`	$17.37M	USD	1 Quarter
Common stock dividends	`PaymentsOfDividendsCommonStock`	$18.36M	USD	1 Quarter
Other	`ProceedsFromPaymentsForOtherFinancingActivities`	$556.00K	USD	1 Quarter
Other	`ProceedsFromPaymentsForOtherFinancingActivities`	$-67.00K	USD	1 Quarter
Net cash used in financing activities	`NetCashProvidedByUsedInFinancingActivities`	$-49.82M	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`	$93.99M	USD	1 Quarter
Cash and equivalents at beginning of period	`CashCashEquivalentsRestrictedCashAndRestrictedCashEquivalents`	$413.12M	USD	Point-in-time
Cash and equivalents at beginning of period	`CashCashEquivalentsRestrictedCashAndRestrictedCashEquivalents`	$319.13M	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`	$119.47M	USD	Point-in-time
Cash and equivalents at end of period	`CashCashEquivalentsRestrictedCashAndRestrictedCashEquivalents`	$413.12M	USD	Point-in-time
Cash and equivalents at end of period	`CashCashEquivalentsRestrictedCashAndRestrictedCashEquivalents`	$319.13M	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`	$119.47M	USD	Point-in-time

Stockholders Equity 17 line items

Line Item	Tag	Value	Unit	Period
Balance	`StockholdersEquityIncludingPortionAttributableToNoncontrollingInterest`	$2.36B	USD	Point-in-time
Balance	`StockholdersEquityIncludingPortionAttributableToNoncontrollingInterest`	$2.30B	USD	Point-in-time
Balance	`StockholdersEquityIncludingPortionAttributableToNoncontrollingInterest`	$2.17B	USD	Point-in-time
Balance	`StockholdersEquityIncludingPortionAttributableToNoncontrollingInterest`	$2.22B	USD	Point-in-time
Stock-based compensation and related share issuances	`StockIssuedDuringPeriodValueShareBasedCompensation`	$106.00K	USD	1 Quarter
Stock-based compensation and related share issuances	`StockIssuedDuringPeriodValueShareBasedCompensation`	$-323.00K	USD	1 Quarter
Sale of Peak Gold JV interest	`NoncontrollingInterestDecreaseFromDeconsolidation`	$27.05M	USD	1 Quarter
Distributions from (to) non-controlling interests	`NoncontrollingInterestIncreaseFromContributionsFromNoncontrollingInterestHolders`	$708.00K	USD	1 Quarter
Net income (loss) and comprehensive income (loss)	`ComprehensiveIncomeNetOfTaxIncludingPortionAttributableToNoncontrollingInterest`	$68.87M	USD	1 Quarter
Net income (loss) and comprehensive income (loss)	`ComprehensiveIncomeNetOfTaxIncludingPortionAttributableToNoncontrollingInterest`	$106.67M	USD	1 Quarter
Distributions to non-controlling interests	`MinorityInterestDecreaseFromDistributionsToNoncontrollingInterestHolders`	$261.00K	USD	1 Quarter
Dividends declared	`DividendsCommonStock`	$18.37M	USD	1 Quarter
Dividends declared	`DividendsCommonStock`	$17.38M	USD	1 Quarter
Balance	`StockholdersEquityIncludingPortionAttributableToNoncontrollingInterest`	$2.36B	USD	Point-in-time
Balance	`StockholdersEquityIncludingPortionAttributableToNoncontrollingInterest`	$2.30B	USD	Point-in-time
Balance	`StockholdersEquityIncludingPortionAttributableToNoncontrollingInterest`	$2.17B	USD	Point-in-time
Balance	`StockholdersEquityIncludingPortionAttributableToNoncontrollingInterest`	$2.22B	USD	Point-in-time

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