10-Q Filing

ROYAL GOLD INC CIK: 85535 Q1 2022

Filing Information

Form Type	10-Q
Accession Number	`0001558370-22-007134`
Period End Date	20220331
Filing Date	20220505
Fiscal Year	2022
Fiscal Period	Q1
XBRL Instance	rgld-20220331x10q_htm.xml

Filing Contents

This filing contains the following financial statements:

Balance Sheet 64 Income Statement 40 Cash Flow Statement 54 Stockholders Equity 16

Balance Sheet 64 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`	$143.55M	USD	Point-in-time
Cash and equivalents	`CashAndCashEquivalentsAtCarryingValue`	$183.71M	USD	Point-in-time
Preferred stock, shares authorized	`PreferredStockSharesAuthorized`	10.00M	shares	Point-in-time
Royalty receivables	`RoyaltyReceivables`	$54.09M	USD	Point-in-time
Royalty receivables	`RoyaltyReceivables`	$53.52M	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
Common stock, par value (in dollars per share)	`CommonStockParOrStatedValuePerShare`	$0.01	USD	Point-in-time
Income tax receivable	`IncomeTaxesReceivable`	$4.92M	USD	Point-in-time
Common stock, par value (in dollars per share)	`CommonStockParOrStatedValuePerShare`	$0.01	USD	Point-in-time
Income tax receivable	`IncomeTaxesReceivable`	$4.40M	USD	Point-in-time
Stream inventory	`InventoryGross`	$8.49M	USD	Point-in-time
Stream inventory	`InventoryGross`	$11.61M	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`	$1.83M	USD	Point-in-time
Prepaid expenses and other	`PrepaidExpenseAndOtherAssetsCurrent`	$8.53M	USD	Point-in-time
Common stock, shares outstanding	`CommonStockSharesOutstanding`	65.56M	shares	Point-in-time
Common stock, shares outstanding	`CommonStockSharesOutstanding`	65.57M	shares	Point-in-time
Total current assets	`AssetsCurrent`	$258.64M	USD	Point-in-time
Total current assets	`AssetsCurrent`	$216.00M	USD	Point-in-time
Stream and royalty interests, net (Note 3)	`MineralPropertiesNet`	$2.43B	USD	Point-in-time
Stream and royalty interests, net (Note 3)	`MineralPropertiesNet`	$2.44B	USD	Point-in-time
Other assets	`OtherAssetsNoncurrent`	$97.52M	USD	Point-in-time
Other assets	`OtherAssetsNoncurrent`	$97.28M	USD	Point-in-time
Total assets	`Assets`	$2.76B	USD	Point-in-time
Total assets	`Assets`	$2.79B	USD	Point-in-time
Accounts payable	`AccountsPayableCurrent`	$6.27M	USD	Point-in-time
Accounts payable	`AccountsPayableCurrent`	$6.47M	USD	Point-in-time
Dividends payable	`DividendsPayableCurrent`	$22.97M	USD	Point-in-time
Dividends payable	`DividendsPayableCurrent`	$22.98M	USD	Point-in-time
Income tax payable	`AccruedIncomeTaxesCurrent`	$19.07M	USD	Point-in-time
Income tax payable	`AccruedIncomeTaxesCurrent`	$8.16M	USD	Point-in-time
Other current liabilities	`OtherLiabilitiesCurrent`	$12.13M	USD	Point-in-time
Other current liabilities	`OtherLiabilitiesCurrent`	$12.92M	USD	Point-in-time
Total current liabilities	`LiabilitiesCurrent`	$49.54M	USD	Point-in-time
Total current liabilities	`LiabilitiesCurrent`	$61.43M	USD	Point-in-time
Deferred tax liabilities	`DeferredIncomeTaxLiabilitiesNet`	$87.70M	USD	Point-in-time
Deferred tax liabilities	`DeferredIncomeTaxLiabilitiesNet`	$87.76M	USD	Point-in-time
Other liabilities	`OtherLiabilitiesNoncurrent`	$6.43M	USD	Point-in-time
Other liabilities	`OtherLiabilitiesNoncurrent`	$6.69M	USD	Point-in-time
Total liabilities	`Liabilities`	$143.74M	USD	Point-in-time
Total liabilities	`Liabilities`	$155.82M	USD	Point-in-time
Commitments and contingencies (Note 12)	`CommitmentsAndContingencies`	-	USD	Point-in-time
Commitments and contingencies (Note 12)	`CommitmentsAndContingencies`	-	USD	Point-in-time
Common stock, $.01 par value, 200,000,000 shares authorized; and 65,568,799 and 65,564,364 shares outstanding, respectively	`CommonStockValue`	$656.00K	USD	Point-in-time
Common stock, $.01 par value, 200,000,000 shares authorized; and 65,568,799 and 65,564,364 shares outstanding, respectively	`CommonStockValue`	$656.00K	USD	Point-in-time
Additional paid-in capital	`AdditionalPaidInCapital`	$2.21B	USD	Point-in-time
Additional paid-in capital	`AdditionalPaidInCapital`	$2.21B	USD	Point-in-time
Accumulated earnings	`RetainedEarningsAccumulatedDeficit`	$381.93M	USD	Point-in-time
Accumulated earnings	`RetainedEarningsAccumulatedDeficit`	$424.61M	USD	Point-in-time
Total Royal Gold stockholders' equity	`StockholdersEquity`	$2.59B	USD	Point-in-time
Total Royal Gold stockholders' equity	`StockholdersEquity`	$2.63B	USD	Point-in-time
Non-controlling interests	`MinorityInterest`	$12.43M	USD	Point-in-time
Non-controlling interests	`MinorityInterest`	$12.47M	USD	Point-in-time
Total equity	`StockholdersEquityIncludingPortionAttributableToNoncontrollingInterest`	$2.44B	USD	Point-in-time
Total equity	`StockholdersEquityIncludingPortionAttributableToNoncontrollingInterest`	$2.65B	USD	Point-in-time
Total equity	`StockholdersEquityIncludingPortionAttributableToNoncontrollingInterest`	$2.40B	USD	Point-in-time
Total equity	`StockholdersEquityIncludingPortionAttributableToNoncontrollingInterest`	$2.60B	USD	Point-in-time
Total liabilities and equity	`LiabilitiesAndStockholdersEquity`	$2.79B	USD	Point-in-time
Total liabilities and equity	`LiabilitiesAndStockholdersEquity`	$2.76B	USD	Point-in-time

Income Statement 40 line items

Line Item	Tag	Value	Unit	Period
Revenue (Note 6)	`RevenueFromContractWithCustomerExcludingAssessedTax`	$142.59M	USD	1 Quarter
Revenue (Note 6)	`RevenueFromContractWithCustomerExcludingAssessedTax`	$162.35M	USD	1 Quarter
Cost of sales (excludes depreciation, depletion and amortization)	`CostOfGoodsAndServiceExcludingDepreciationDepletionAndAmortization`	$21.47M	USD	1 Quarter
Cost of sales (excludes depreciation, depletion and amortization)	`CostOfGoodsAndServiceExcludingDepreciationDepletionAndAmortization`	$22.64M	USD	1 Quarter
General and administrative	`GeneralAndAdministrativeExpense`	$6.93M	USD	1 Quarter
General and administrative	`GeneralAndAdministrativeExpense`	$8.93M	USD	1 Quarter
Production taxes	`TaxesExcludingIncomeAndExciseTaxes`	$2.22M	USD	1 Quarter
Production taxes	`TaxesExcludingIncomeAndExciseTaxes`	$1.83M	USD	1 Quarter
Depreciation, depletion and amortization	`DepreciationDepletionAndAmortization`	$47.99M	USD	1 Quarter
Depreciation, depletion and amortization	`DepreciationDepletionAndAmortization`	$41.30M	USD	1 Quarter
Total costs and expenses	`CostsAndExpenses`	$81.78M	USD	1 Quarter
Total costs and expenses	`CostsAndExpenses`	$71.53M	USD	1 Quarter
Operating income	`OperatingIncomeLoss`	$71.06M	USD	1 Quarter
Operating income	`OperatingIncomeLoss`	$80.58M	USD	1 Quarter
Fair value changes in equity securities	`EquitySecuritiesFvNiUnrealizedGainLoss`	$613.00K	USD	1 Quarter
Fair value changes in equity securities	`EquitySecuritiesFvNiUnrealizedGainLoss`	$1.90M	USD	1 Quarter
Interest and other income	`InterestAndOtherIncome`	$975.00K	USD	1 Quarter
Interest and other income	`InterestAndOtherIncome`	$733.00K	USD	1 Quarter
Interest and other expense	`InterestAndOtherExpense`	$898.00K	USD	1 Quarter
Interest and other expense	`InterestAndOtherExpense`	$1.82M	USD	1 Quarter
Income before income taxes	`IncomeLossFromContinuingOperationsBeforeIncomeTaxesExtraordinaryItemsNoncontrollingInterest`	$71.87M	USD	1 Quarter
Income before income taxes	`IncomeLossFromContinuingOperationsBeforeIncomeTaxesExtraordinaryItemsNoncontrollingInterest`	$81.27M	USD	1 Quarter
Income tax expense	`IncomeTaxExpenseBenefit`	$15.30M	USD	1 Quarter
Income tax expense	`IncomeTaxExpenseBenefit`	$17.68M	USD	1 Quarter
Net income and comprehensive income	`ComprehensiveIncomeNetOfTaxIncludingPortionAttributableToNoncontrollingInterest`	$54.19M	USD	1 Quarter
Net income and comprehensive income	`ComprehensiveIncomeNetOfTaxIncludingPortionAttributableToNoncontrollingInterest`	$65.96M	USD	1 Quarter
Net income and comprehensive income attributable to non-controlling interests	`NetIncomeLossAttributableToNoncontrollingInterest`	$167.00K	USD	1 Quarter
Net income and comprehensive income attributable to non-controlling interests	`NetIncomeLossAttributableToNoncontrollingInterest`	$287.00K	USD	1 Quarter
Net income and comprehensive income attributable to Royal Gold common stockholders	`NetIncomeLoss`	$65.67M	USD	1 Quarter
Net income and comprehensive income attributable to Royal Gold common stockholders	`NetIncomeLoss`	$54.03M	USD	1 Quarter
Basic earnings per share	`EarningsPerShareBasic`	$1.00	USD	1 Quarter
Basic earnings per share	`EarningsPerShareBasic`	$0.82	USD	1 Quarter
Basic weighted average shares outstanding	`WeightedAverageNumberOfSharesOutstandingBasic`	65.57M	shares	1 Quarter
Basic weighted average shares outstanding	`WeightedAverageNumberOfSharesOutstandingBasic`	65.55M	shares	1 Quarter
Diluted earnings per share	`EarningsPerShareDiluted`	$1.00	USD	1 Quarter
Diluted earnings per share	`EarningsPerShareDiluted`	$0.82	USD	1 Quarter
Diluted weighted average shares outstanding	`WeightedAverageNumberOfDilutedSharesOutstanding`	65.64M	shares	1 Quarter
Diluted weighted average shares outstanding	`WeightedAverageNumberOfDilutedSharesOutstanding`	65.62M	shares	1 Quarter
Cash dividends declared per common share	`CommonStockDividendsPerShareDeclared`	$0.35	USD	1 Quarter
Cash dividends declared per common share	`CommonStockDividendsPerShareDeclared`	$0.30	USD	1 Quarter

Cash Flow Statement 54 line items

Line Item	Tag	Value	Unit	Period
Net income and comprehensive income	`ProfitLoss`	$54.19M	USD	1 Quarter
Net income and comprehensive income	`ProfitLoss`	$65.96M	USD	1 Quarter
Depreciation, depletion and amortization	`DepreciationDepletionAndAmortization`	$47.99M	USD	1 Quarter
Depreciation, depletion and amortization	`DepreciationDepletionAndAmortization`	$41.30M	USD	1 Quarter
Non-cash employee stock compensation expense	`ShareBasedCompensation`	$2.12M	USD	1 Quarter
Non-cash employee stock compensation expense	`ShareBasedCompensation`	$1.34M	USD	1 Quarter
Fair value changes in equity securities	`EquitySecuritiesFvNiUnrealizedGainLoss`	$613.00K	USD	1 Quarter
Fair value changes in equity securities	`EquitySecuritiesFvNiUnrealizedGainLoss`	$1.90M	USD	1 Quarter
Deferred tax expense (benefit)	`DeferredIncomeTaxExpenseBenefit`	$-645.00K	USD	1 Quarter
Deferred tax expense (benefit)	`DeferredIncomeTaxExpenseBenefit`	$688.00K	USD	1 Quarter
Other	`OtherNoncashIncomeExpense`	$-245.00K	USD	1 Quarter
Other	`OtherNoncashIncomeExpense`	$-286.00K	USD	1 Quarter
Royalty receivables	`IncreaseDecreaseInAccountsReceivable`	$-569.00K	USD	1 Quarter
Royalty receivables	`IncreaseDecreaseInAccountsReceivable`	$1.11M	USD	1 Quarter
Stream inventory	`IncreaseDecreaseInInventories`	$-3.12M	USD	1 Quarter
Stream inventory	`IncreaseDecreaseInInventories`	$591.00K	USD	1 Quarter
Income tax receivable	`IncreaseDecreaseInIncomeTaxesReceivable`	$-518.00K	USD	1 Quarter
Income tax receivable	`IncreaseDecreaseInIncomeTaxesReceivable`	$5.73M	USD	1 Quarter
Prepaid expenses and other assets	`IncreaseDecreaseInPrepaidDeferredExpenseAndOtherAssets`	$7.31M	USD	1 Quarter
Prepaid expenses and other assets	`IncreaseDecreaseInPrepaidDeferredExpenseAndOtherAssets`	$-98.00K	USD	1 Quarter
Accounts payable	`IncreaseDecreaseInAccountsPayable`	$-208.00K	USD	1 Quarter
Accounts payable	`IncreaseDecreaseInAccountsPayable`	$1.79M	USD	1 Quarter
Income tax payable	`IncreaseDecreaseInAccruedIncomeTaxesPayable`	$2.34M	USD	1 Quarter
Income tax payable	`IncreaseDecreaseInAccruedIncomeTaxesPayable`	$-10.91M	USD	1 Quarter
Uncertain tax positions	`UnrecognizedTaxBenefitsCashImpact`	$-310.00K	USD	1 Quarter
Other liabilities	`IncreaseDecreaseInOtherOperatingLiabilities`	$-1.04M	USD	1 Quarter
Other liabilities	`IncreaseDecreaseInOtherOperatingLiabilities`	$1.17M	USD	1 Quarter
Net cash provided by operating activities	`NetCashProvidedByUsedInOperatingActivities`	$101.13M	USD	1 Quarter
Net cash provided by operating activities	`NetCashProvidedByUsedInOperatingActivities`	$92.23M	USD	1 Quarter
Acquisition of stream and royalty interests	`PaymentsToAcquireBusinessesAndInterestInAffiliates`	$33.66M	USD	1 Quarter
Acquisition of stream and royalty interests	`PaymentsToAcquireBusinessesAndInterestInAffiliates`	$37.80M	USD	1 Quarter
Other	`PaymentsForProceedsFromOtherInvestingActivities`	$87.00K	USD	1 Quarter
Other	`PaymentsForProceedsFromOtherInvestingActivities`	$11.00K	USD	1 Quarter
Net cash used in investing activities	`NetCashProvidedByUsedInInvestingActivities`	$-33.74M	USD	1 Quarter
Net cash used in investing activities	`NetCashProvidedByUsedInInvestingActivities`	$-37.81M	USD	1 Quarter
Repayment of debt	`RepaymentsOfLongTermDebt`	$50.00M	USD	1 Quarter
Net payments from issuance of common stock	`ProceedsFromRepurchaseOfEquity`	$-10.00K	USD	1 Quarter
Net payments from issuance of common stock	`ProceedsFromRepurchaseOfEquity`	$141.00K	USD	1 Quarter
Common stock dividends	`PaymentsOfDividendsCommonStock`	$22.98M	USD	1 Quarter
Common stock dividends	`PaymentsOfDividendsCommonStock`	$19.68M	USD	1 Quarter
Other	`ProceedsFromPaymentsForOtherFinancingActivities`	$-397.00K	USD	1 Quarter
Other	`ProceedsFromPaymentsForOtherFinancingActivities`	$-329.00K	USD	1 Quarter
Net cash used in financing activities	`NetCashProvidedByUsedInFinancingActivities`	$-23.17M	USD	1 Quarter
Net cash used in financing activities	`NetCashProvidedByUsedInFinancingActivities`	$-70.09M	USD	1 Quarter
Net increase (decrease) in cash and equivalents	`CashCashEquivalentsRestrictedCashAndRestrictedCashEquivalentsPeriodIncreaseDecreaseIncludingExchangeRateEffect`	$40.16M	USD	1 Quarter
Net increase (decrease) in cash and equivalents	`CashCashEquivalentsRestrictedCashAndRestrictedCashEquivalentsPeriodIncreaseDecreaseIncludingExchangeRateEffect`	$-11.60M	USD	1 Quarter
Cash and equivalents at beginning of period	`CashCashEquivalentsRestrictedCashAndRestrictedCashEquivalents`	$143.55M	USD	Point-in-time
Cash and equivalents at beginning of period	`CashCashEquivalentsRestrictedCashAndRestrictedCashEquivalents`	$370.26M	USD	Point-in-time
Cash and equivalents at beginning of period	`CashCashEquivalentsRestrictedCashAndRestrictedCashEquivalents`	$183.71M	USD	Point-in-time
Cash and equivalents at beginning of period	`CashCashEquivalentsRestrictedCashAndRestrictedCashEquivalents`	$381.86M	USD	Point-in-time
Cash and equivalents at end of period	`CashCashEquivalentsRestrictedCashAndRestrictedCashEquivalents`	$143.55M	USD	Point-in-time
Cash and equivalents at end of period	`CashCashEquivalentsRestrictedCashAndRestrictedCashEquivalents`	$370.26M	USD	Point-in-time
Cash and equivalents at end of period	`CashCashEquivalentsRestrictedCashAndRestrictedCashEquivalents`	$183.71M	USD	Point-in-time
Cash and equivalents at end of period	`CashCashEquivalentsRestrictedCashAndRestrictedCashEquivalents`	$381.86M	USD	Point-in-time

Stockholders Equity 16 line items

Line Item	Tag	Value	Unit	Period
Balance	`StockholdersEquityIncludingPortionAttributableToNoncontrollingInterest`	$2.44B	USD	Point-in-time
Balance	`StockholdersEquityIncludingPortionAttributableToNoncontrollingInterest`	$2.65B	USD	Point-in-time
Balance	`StockholdersEquityIncludingPortionAttributableToNoncontrollingInterest`	$2.40B	USD	Point-in-time
Balance	`StockholdersEquityIncludingPortionAttributableToNoncontrollingInterest`	$2.60B	USD	Point-in-time
Stock-based compensation and related share issuances	`StockIssuedDuringPeriodValueShareBasedCompensation`	$1.33M	USD	1 Quarter
Stock-based compensation and related share issuances	`StockIssuedDuringPeriodValueShareBasedCompensation`	$2.27M	USD	1 Quarter
Distributions to non-controlling interests	`MinorityInterestDecreaseFromDistributionsToNoncontrollingInterestHolders`	$329.00K	USD	1 Quarter
Distributions to non-controlling interests	`MinorityInterestDecreaseFromDistributionsToNoncontrollingInterestHolders`	$399.00K	USD	1 Quarter
Net income and comprehensive income	`ComprehensiveIncomeNetOfTaxIncludingPortionAttributableToNoncontrollingInterest`	$54.19M	USD	1 Quarter
Net income and comprehensive income	`ComprehensiveIncomeNetOfTaxIncludingPortionAttributableToNoncontrollingInterest`	$65.96M	USD	1 Quarter
Dividends declared	`DividendsCommonStock`	$19.68M	USD	1 Quarter
Dividends declared	`DividendsCommonStock`	$23.00M	USD	1 Quarter
Balance	`StockholdersEquityIncludingPortionAttributableToNoncontrollingInterest`	$2.44B	USD	Point-in-time
Balance	`StockholdersEquityIncludingPortionAttributableToNoncontrollingInterest`	$2.65B	USD	Point-in-time
Balance	`StockholdersEquityIncludingPortionAttributableToNoncontrollingInterest`	$2.40B	USD	Point-in-time
Balance	`StockholdersEquityIncludingPortionAttributableToNoncontrollingInterest`	$2.60B	USD	Point-in-time

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