10-Q Filing

ROYAL GOLD INC CIK: 85535 Q1 2022

Filing Information

Form Type	10-Q
Accession Number	`0001558370-21-014376`
Period End Date	20210930
Filing Date	20211104
Fiscal Year	2022
Fiscal Period	Q1
XBRL Instance	rgld-20210930x10q_htm.xml

Filing Contents

This filing contains the following financial statements:

Balance Sheet 65 Income Statement 42 Cash Flow Statement 60 Stockholders Equity 17

Balance Sheet 65 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`	$225.92M	USD	Point-in-time
Preferred stock, shares authorized	`PreferredStockSharesAuthorized`	10.00M	shares	Point-in-time
Cash and equivalents	`CashAndCashEquivalentsAtCarryingValue`	$160.21M	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`	$47.24M	USD	Point-in-time
Royalty receivables	`RoyaltyReceivables`	$52.96M	USD	Point-in-time
Common stock, par value (in dollars per share)	`CommonStockParOrStatedValuePerShare`	$0.01	USD	Point-in-time
Income tax receivable	`IncomeTaxesReceivable`	$4.52M	USD	Point-in-time
Income tax receivable	`IncomeTaxesReceivable`	$4.08M	USD	Point-in-time
Common stock, par value (in dollars per share)	`CommonStockParOrStatedValuePerShare`	$0.01	USD	Point-in-time
Stream inventory	`InventoryGross`	$12.22M	USD	Point-in-time
Stream inventory	`InventoryGross`	$17.68M	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
Prepaid expenses and other	`PrepaidExpenseAndOtherAssetsCurrent`	$1.77M	USD	Point-in-time
Common stock, shares outstanding	`CommonStockSharesOutstanding`	65.55M	shares	Point-in-time
Common stock, shares outstanding	`CommonStockSharesOutstanding`	65.56M	shares	Point-in-time
Prepaid expenses and other	`PrepaidExpenseAndOtherAssetsCurrent`	$2.61M	USD	Point-in-time
Total current assets	`AssetsCurrent`	$297.13M	USD	Point-in-time
Total current assets	`AssetsCurrent`	$232.08M	USD	Point-in-time
Stream and royalty interests, net (Note 3)	`MineralPropertiesNet`	$2.26B	USD	Point-in-time
Stream and royalty interests, net (Note 3)	`MineralPropertiesNet`	$2.48B	USD	Point-in-time
Other assets	`OtherAssetsNoncurrent`	$92.31M	USD	Point-in-time
Other assets	`OtherAssetsNoncurrent`	$96.96M	USD	Point-in-time
Total assets	`Assets`	$2.65B	USD	Point-in-time
Total assets	`Assets`	$2.81B	USD	Point-in-time
Accounts payable	`AccountsPayableCurrent`	$5.47M	USD	Point-in-time
Accounts payable	`AccountsPayableCurrent`	$6.40M	USD	Point-in-time
Dividends payable	`DividendsPayableCurrent`	$19.69M	USD	Point-in-time
Dividends payable	`DividendsPayableCurrent`	$19.68M	USD	Point-in-time
Income tax payable	`AccruedIncomeTaxesCurrent`	$14.48M	USD	Point-in-time
Income tax payable	`AccruedIncomeTaxesCurrent`	$23.93M	USD	Point-in-time
Other current liabilities	`OtherLiabilitiesCurrent`	$11.17M	USD	Point-in-time
Other current liabilities	`OtherLiabilitiesCurrent`	$11.53M	USD	Point-in-time
Total current liabilities	`LiabilitiesCurrent`	$60.26M	USD	Point-in-time
Total current liabilities	`LiabilitiesCurrent`	$52.08M	USD	Point-in-time
Debt (Note 5)	`LongTermDebtNoncurrent`	$95.40M	USD	Point-in-time
Deferred tax liabilities	`DeferredIncomeTaxLiabilitiesNet`	$88.00M	USD	Point-in-time
Deferred tax liabilities	`DeferredIncomeTaxLiabilitiesNet`	$87.69M	USD	Point-in-time
Uncertain tax positions	`LiabilityForUncertainTaxPositionsNoncurrent`	$910.00K	USD	Point-in-time
Uncertain tax positions	`LiabilityForUncertainTaxPositionsNoncurrent`	$890.00K	USD	Point-in-time
Other liabilities	`OtherLiabilitiesNoncurrent`	$7.20M	USD	Point-in-time
Other liabilities	`OtherLiabilitiesNoncurrent`	$6.92M	USD	Point-in-time
Total liabilities	`Liabilities`	$148.19M	USD	Point-in-time
Total liabilities	`Liabilities`	$251.16M	USD	Point-in-time
Common stock, $.01 par value, 200,000,000 shares authorized; and 65,563,802 and 65,551,061 shares outstanding, respectively	`CommonStockValue`	$656.00K	USD	Point-in-time
Common stock, $.01 par value, 200,000,000 shares authorized; and 65,563,802 and 65,551,061 shares outstanding, respectively	`CommonStockValue`	$656.00K	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 earnings	`RetainedEarningsAccumulatedDeficit`	$336.73M	USD	Point-in-time
Accumulated earnings	`RetainedEarningsAccumulatedDeficit`	$286.25M	USD	Point-in-time
Total Royal Gold stockholders' equity	`StockholdersEquity`	$2.54B	USD	Point-in-time
Total Royal Gold stockholders' equity	`StockholdersEquity`	$2.49B	USD	Point-in-time
Non-controlling interests	`MinorityInterest`	$12.65M	USD	Point-in-time
Non-controlling interests	`MinorityInterest`	$12.67M	USD	Point-in-time
Total equity	`StockholdersEquityIncludingPortionAttributableToNoncontrollingInterest`	$2.55B	USD	Point-in-time
Total equity	`StockholdersEquityIncludingPortionAttributableToNoncontrollingInterest`	$2.36B	USD	Point-in-time
Total equity	`StockholdersEquityIncludingPortionAttributableToNoncontrollingInterest`	$2.50B	USD	Point-in-time
Total equity	`StockholdersEquityIncludingPortionAttributableToNoncontrollingInterest`	$2.30B	USD	Point-in-time
Total liabilities and equity	`LiabilitiesAndStockholdersEquity`	$2.81B	USD	Point-in-time
Total liabilities and equity	`LiabilitiesAndStockholdersEquity`	$2.65B	USD	Point-in-time

Income Statement 42 line items

Line Item	Tag	Value	Unit	Period
Revenue	`RevenueFromContractWithCustomerExcludingAssessedTax`	$174.43M	USD	1 Quarter
Revenue	`RevenueFromContractWithCustomerExcludingAssessedTax`	$146.88M	USD	1 Quarter
Cost of sales (excludes depreciation, depletion and amortization)	`CostOfGoodsAndServiceExcludingDepreciationDepletionAndAmortization`	$27.23M	USD	1 Quarter
Cost of sales (excludes depreciation, depletion and amortization)	`CostOfGoodsAndServiceExcludingDepreciationDepletionAndAmortization`	$21.90M	USD	1 Quarter
General and administrative	`GeneralAndAdministrativeExpense`	$7.45M	USD	1 Quarter
General and administrative	`GeneralAndAdministrativeExpense`	$7.13M	USD	1 Quarter
Production taxes	`TaxesExcludingIncomeAndExciseTaxes`	$2.05M	USD	1 Quarter
Production taxes	`TaxesExcludingIncomeAndExciseTaxes`	$1.35M	USD	1 Quarter
Exploration costs	`ExplorationExpense`	$563.00K	USD	1 Quarter
Depreciation, depletion and amortization	`DepreciationDepletionAndAmortization`	$46.30M	USD	1 Quarter
Depreciation, depletion and amortization	`DepreciationDepletionAndAmortization`	$50.61M	USD	1 Quarter
Total costs and expenses	`CostsAndExpenses`	$77.57M	USD	1 Quarter
Total costs and expenses	`CostsAndExpenses`	$87.02M	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`	$87.41M	USD	1 Quarter
Fair value changes in equity securities	`EquitySecuritiesFvNiUnrealizedGainLoss`	$176.00K	USD	1 Quarter
Fair value changes in equity securities	`EquitySecuritiesFvNiUnrealizedGainLoss`	$2.54M	USD	1 Quarter
Interest and other income	`InterestAndOtherIncome`	$819.00K	USD	1 Quarter
Interest and other income	`InterestAndOtherIncome`	$421.00K	USD	1 Quarter
Interest and other expense	`InterestAndOtherExpense`	$1.91M	USD	1 Quarter
Interest and other expense	`InterestAndOtherExpense`	$1.88M	USD	1 Quarter
Income before income taxes	`IncomeLossFromContinuingOperationsBeforeIncomeTaxesExtraordinaryItemsNoncontrollingInterest`	$86.49M	USD	1 Quarter
Income before income taxes	`IncomeLossFromContinuingOperationsBeforeIncomeTaxesExtraordinaryItemsNoncontrollingInterest`	$104.30M	USD	1 Quarter
Income tax (expense) benefit	`IncomeTaxExpenseBenefit`	$16.03M	USD	1 Quarter
Income tax (expense) benefit	`IncomeTaxExpenseBenefit`	$-2.38M	USD	1 Quarter
Net income and comprehensive income	`ComprehensiveIncomeNetOfTaxIncludingPortionAttributableToNoncontrollingInterest`	$70.47M	USD	1 Quarter
Net income and comprehensive income	`ComprehensiveIncomeNetOfTaxIncludingPortionAttributableToNoncontrollingInterest`	$106.67M	USD	1 Quarter
Net (income) loss and comprehensive (income) loss attributable to non-controlling interests	`NetIncomeLossAttributableToNoncontrollingInterest`	$-265.00K	USD	1 Quarter
Net (income) loss and comprehensive (income) loss attributable to non-controlling interests	`NetIncomeLossAttributableToNoncontrollingInterest`	$290.00K	USD	1 Quarter
Net income and comprehensive income attributable to Royal Gold common stockholders	`NetIncomeLoss`	$70.18M	USD	1 Quarter
Net income and comprehensive income attributable to Royal Gold common stockholders	`NetIncomeLoss`	$106.94M	USD	1 Quarter
Basic earnings per share	`EarningsPerShareBasic`	$1.07	USD	1 Quarter
Basic earnings per share	`EarningsPerShareBasic`	$1.63	USD	1 Quarter
Basic weighted average shares outstanding	`WeightedAverageNumberOfSharesOutstandingBasic`	65.54M	shares	1 Quarter
Basic weighted average shares outstanding	`WeightedAverageNumberOfSharesOutstandingBasic`	65.56M	shares	1 Quarter
Diluted earnings per share	`EarningsPerShareDiluted`	$1.63	USD	1 Quarter
Diluted earnings per share	`EarningsPerShareDiluted`	$1.07	USD	1 Quarter
Diluted weighted average shares outstanding	`WeightedAverageNumberOfDilutedSharesOutstanding`	65.63M	shares	1 Quarter
Diluted weighted average shares outstanding	`WeightedAverageNumberOfDilutedSharesOutstanding`	65.63M	shares	1 Quarter
Cash dividends declared per common share	`CommonStockDividendsPerShareDeclared`	$0.30	USD	1 Quarter
Cash dividends declared per common share	`CommonStockDividendsPerShareDeclared`	$0.28	USD	1 Quarter

Cash Flow Statement 60 line items

Line Item	Tag	Value	Unit	Period
Net income and comprehensive income	`ProfitLoss`	$70.47M	USD	1 Quarter
Net income and comprehensive income	`ProfitLoss`	$106.67M	USD	1 Quarter
Depreciation, depletion and amortization	`DepreciationDepletionAndAmortization`	$46.30M	USD	1 Quarter
Depreciation, depletion and amortization	`DepreciationDepletionAndAmortization`	$50.61M	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`	$1.50M	USD	1 Quarter
Fair value changes in equity securities	`EquitySecuritiesFvNiUnrealizedGainLoss`	$176.00K	USD	1 Quarter
Fair value changes in equity securities	`EquitySecuritiesFvNiUnrealizedGainLoss`	$2.54M	USD	1 Quarter
Deferred tax benefit	`DeferredIncomeTaxExpenseBenefit`	$-396.00K	USD	1 Quarter
Deferred tax benefit	`DeferredIncomeTaxExpenseBenefit`	$-10.54M	USD	1 Quarter
Other	`OtherNoncashIncomeExpense`	$-111.00K	USD	1 Quarter
Other	`OtherNoncashIncomeExpense`	$-845.00K	USD	1 Quarter
Royalty receivables	`IncreaseDecreaseInAccountsReceivable`	$5.88M	USD	1 Quarter
Royalty receivables	`IncreaseDecreaseInAccountsReceivable`	$5.72M	USD	1 Quarter
Stream inventory	`IncreaseDecreaseInInventories`	$5.49M	USD	1 Quarter
Stream inventory	`IncreaseDecreaseInInventories`	$-5.46M	USD	1 Quarter
Income tax receivable	`IncreaseDecreaseInIncomeTaxesReceivable`	$1.86M	USD	1 Quarter
Income tax receivable	`IncreaseDecreaseInIncomeTaxesReceivable`	$-439.00K	USD	1 Quarter
Prepaid expenses and other assets	`IncreaseDecreaseInPrepaidDeferredExpenseAndOtherAssets`	$1.03M	USD	1 Quarter
Prepaid expenses and other assets	`IncreaseDecreaseInPrepaidDeferredExpenseAndOtherAssets`	$-260.00K	USD	1 Quarter
Accounts payable	`IncreaseDecreaseInAccountsPayable`	$-235.00K	USD	1 Quarter
Accounts payable	`IncreaseDecreaseInAccountsPayable`	$-927.00K	USD	1 Quarter
Income tax payable	`IncreaseDecreaseInAccruedIncomeTaxesPayable`	$12.41M	USD	1 Quarter
Income tax payable	`IncreaseDecreaseInAccruedIncomeTaxesPayable`	$9.45M	USD	1 Quarter
Uncertain tax positions	`UnrecognizedTaxBenefitsCashImpact`	$-12.20M	USD	1 Quarter
Uncertain tax positions	`UnrecognizedTaxBenefitsCashImpact`	$-20.00K	USD	1 Quarter
Other liabilities	`IncreaseDecreaseInOtherOperatingLiabilities`	$-633.00K	USD	1 Quarter
Other liabilities	`IncreaseDecreaseInOtherOperatingLiabilities`	$-437.00K	USD	1 Quarter
Net cash provided by operating activities	`NetCashProvidedByUsedInOperatingActivities`	$129.88M	USD	1 Quarter
Net cash provided by operating activities	`NetCashProvidedByUsedInOperatingActivities`	$94.15M	USD	1 Quarter
Acquisition of stream and royalty interests	`PaymentsToAcquireBusinessesAndInterestInAffiliates`	$265.00M	USD	1 Quarter
Acquisition of stream and royalty interests	`PaymentsToAcquireBusinessesAndInterestInAffiliates`	$11.30M	USD	1 Quarter
Khoemacau subordinated debt facility	`PaymentsToAcquireNotesReceivable`	$7.00M	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`	$339.00K	USD	1 Quarter
Other	`PaymentsForProceedsFromOtherInvestingActivities`	$733.00K	USD	1 Quarter
Net cash (used in) provided by investing activities	`NetCashProvidedByUsedInInvestingActivities`	$-272.73M	USD	1 Quarter
Net cash (used in) provided by investing activities	`NetCashProvidedByUsedInInvestingActivities`	$49.66M	USD	1 Quarter
Repayment of debt	`RepaymentsOfLongTermDebt`	$30.00M	USD	1 Quarter
Borrowings from revolving credit facility	`ProceedsFromLongTermLinesOfCredit`	$100.00M	USD	1 Quarter
Net payments from issuance of common stock	`ProceedsFromRepurchaseOfEquity`	$-1.39M	USD	1 Quarter
Net payments from issuance of common stock	`ProceedsFromRepurchaseOfEquity`	$-909.00K	USD	1 Quarter
Common stock dividends	`PaymentsOfDividendsCommonStock`	$19.68M	USD	1 Quarter
Common stock dividends	`PaymentsOfDividendsCommonStock`	$18.36M	USD	1 Quarter
Other	`ProceedsFromPaymentsForOtherFinancingActivities`	$-2.27M	USD	1 Quarter
Other	`ProceedsFromPaymentsForOtherFinancingActivities`	$-67.00K	USD	1 Quarter
Net provided by (used in) financing activities	`NetCashProvidedByUsedInFinancingActivities`	$-49.82M	USD	1 Quarter
Net provided by (used in) financing activities	`NetCashProvidedByUsedInFinancingActivities`	$77.14M	USD	1 Quarter
Net (decrease) increase in cash and equivalents	`CashCashEquivalentsRestrictedCashAndRestrictedCashEquivalentsPeriodIncreaseDecreaseIncludingExchangeRateEffect`	$93.99M	USD	1 Quarter
Net (decrease) increase in cash and equivalents	`CashCashEquivalentsRestrictedCashAndRestrictedCashEquivalentsPeriodIncreaseDecreaseIncludingExchangeRateEffect`	$-65.71M	USD	1 Quarter
Cash and equivalents at beginning of period	`CashCashEquivalentsRestrictedCashAndRestrictedCashEquivalents`	$225.92M	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`	$413.12M	USD	Point-in-time
Cash and equivalents at beginning of period	`CashCashEquivalentsRestrictedCashAndRestrictedCashEquivalents`	$160.21M	USD	Point-in-time
Cash and equivalents at end of period	`CashCashEquivalentsRestrictedCashAndRestrictedCashEquivalents`	$225.92M	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`	$413.12M	USD	Point-in-time
Cash and equivalents at end of period	`CashCashEquivalentsRestrictedCashAndRestrictedCashEquivalents`	$160.21M	USD	Point-in-time

Stockholders Equity 17 line items

Line Item	Tag	Value	Unit	Period
Balance	`StockholdersEquityIncludingPortionAttributableToNoncontrollingInterest`	$2.55B	USD	Point-in-time
Balance	`StockholdersEquityIncludingPortionAttributableToNoncontrollingInterest`	$2.36B	USD	Point-in-time
Balance	`StockholdersEquityIncludingPortionAttributableToNoncontrollingInterest`	$2.50B	USD	Point-in-time
Balance	`StockholdersEquityIncludingPortionAttributableToNoncontrollingInterest`	$2.30B	USD	Point-in-time
Stock-based compensation and related share issuances	`StockIssuedDuringPeriodValueShareBasedCompensation`	$594.00K	USD	1 Quarter
Stock-based compensation and related share issuances	`StockIssuedDuringPeriodValueShareBasedCompensation`	$106.00K	USD	1 Quarter
Sale of Peak Gold JV interest	`NoncontrollingInterestDecreaseFromDeconsolidation`	$27.05M	USD	1 Quarter
Distributions to non-controlling interests	`MinorityInterestDecreaseFromDistributionsToNoncontrollingInterestHolders`	$261.00K	USD	1 Quarter
Distributions to non-controlling interests	`MinorityInterestDecreaseFromDistributionsToNoncontrollingInterestHolders`	$271.00K	USD	1 Quarter
Net income (loss)	`ComprehensiveIncomeNetOfTaxIncludingPortionAttributableToNoncontrollingInterest`	$70.47M	USD	1 Quarter
Net income (loss)	`ComprehensiveIncomeNetOfTaxIncludingPortionAttributableToNoncontrollingInterest`	$106.67M	USD	1 Quarter
Dividends declared	`DividendsCommonStock`	$18.37M	USD	1 Quarter
Dividends declared	`DividendsCommonStock`	$19.69M	USD	1 Quarter
Balance	`StockholdersEquityIncludingPortionAttributableToNoncontrollingInterest`	$2.55B	USD	Point-in-time
Balance	`StockholdersEquityIncludingPortionAttributableToNoncontrollingInterest`	$2.36B	USD	Point-in-time
Balance	`StockholdersEquityIncludingPortionAttributableToNoncontrollingInterest`	$2.50B	USD	Point-in-time
Balance	`StockholdersEquityIncludingPortionAttributableToNoncontrollingInterest`	$2.30B	USD	Point-in-time

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