10-Q Filing

ROYAL GOLD INC CIK: 85535 Q1 2023

Filing Information

Form Type	10-Q
Accession Number	`0001558370-23-007915`
Period End Date	20230331
Filing Date	20230504
Fiscal Year	2023
Fiscal Period	Q1
XBRL Instance	rgld-20230331x10q_htm.xml

Filing Contents

This filing contains the following financial statements:

Balance Sheet 68 Income Statement 41 Cash Flow Statement 53 Stockholders Equity 16

Balance Sheet 68 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`	$118.59M	USD	Point-in-time
Preferred stock, shares authorized	`PreferredStockSharesAuthorized`	10.00M	shares	Point-in-time
Cash and equivalents	`CashAndCashEquivalentsAtCarryingValue`	$126.82M	USD	Point-in-time
Royalty receivables	`RoyaltyReceivables`	$46.93M	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
Royalty receivables	`RoyaltyReceivables`	$49.41M	USD	Point-in-time
Income tax receivable	`IncomeTaxesReceivable`	$3.07M	USD	Point-in-time
Income tax receivable	`IncomeTaxesReceivable`	$1.72M	USD	Point-in-time
Common stock, par value (in dollars per share)	`CommonStockParOrStatedValuePerShare`	$0.01	USD	Point-in-time
Common stock, par value (in dollars per share)	`CommonStockParOrStatedValuePerShare`	$0.01	USD	Point-in-time
Stream inventory	`InventoryGross`	$12.66M	USD	Point-in-time
Common stock, shares authorized	`CommonStockSharesAuthorized`	200.00M	shares	Point-in-time
Stream inventory	`InventoryGross`	$11.60M	USD	Point-in-time
Common stock, shares authorized	`CommonStockSharesAuthorized`	200.00M	shares	Point-in-time
Prepaid expenses and other	`PrepaidExpenseAndOtherAssetsCurrent`	$2.12M	USD	Point-in-time
Common stock, shares outstanding	`CommonStockSharesOutstanding`	65.59M	shares	Point-in-time
Common stock, shares outstanding	`CommonStockSharesOutstanding`	65.60M	shares	Point-in-time
Prepaid expenses and other	`PrepaidExpenseAndOtherAssetsCurrent`	$2.09M	USD	Point-in-time
Total current assets	`AssetsCurrent`	$189.16M	USD	Point-in-time
Total current assets	`AssetsCurrent`	$185.83M	USD	Point-in-time
Stream and royalty interests, net (Note 2)	`MineralPropertiesNet`	$3.19B	USD	Point-in-time
Stream and royalty interests, net (Note 2)	`MineralPropertiesNet`	$3.24B	USD	Point-in-time
Other assets	`OtherAssetsNoncurrent`	$111.29M	USD	Point-in-time
Other assets	`OtherAssetsNoncurrent`	$110.48M	USD	Point-in-time
Total assets	`Assets`	$3.53B	USD	Point-in-time
Total assets	`Assets`	$3.49B	USD	Point-in-time
Accounts payable	`AccountsPayableCurrent`	$6.69M	USD	Point-in-time
Accounts payable	`AccountsPayableCurrent`	$7.85M	USD	Point-in-time
Dividends payable	`DividendsPayableCurrent`	$24.64M	USD	Point-in-time
Dividends payable	`DividendsPayableCurrent`	$24.63M	USD	Point-in-time
Income tax payable	`AccruedIncomeTaxesCurrent`	$8.22M	USD	Point-in-time
Income tax payable	`AccruedIncomeTaxesCurrent`	$16.07M	USD	Point-in-time
Other current liabilities	`OtherLiabilitiesCurrent`	$16.21M	USD	Point-in-time
Other current liabilities	`OtherLiabilitiesCurrent`	$14.28M	USD	Point-in-time
Total current liabilities	`LiabilitiesCurrent`	$55.00M	USD	Point-in-time
Total current liabilities	`LiabilitiesCurrent`	$63.59M	USD	Point-in-time
Debt (Note 4)	`LongTermDebtNoncurrent`	$496.82M	USD	Point-in-time
Debt (Note 4)	`LongTermDebtNoncurrent`	$571.57M	USD	Point-in-time
Deferred tax liabilities	`DeferredIncomeTaxLiabilitiesNet`	$138.16M	USD	Point-in-time
Deferred tax liabilities	`DeferredIncomeTaxLiabilitiesNet`	$136.78M	USD	Point-in-time
Other liabilities	`OtherLiabilitiesNoncurrent`	$7.74M	USD	Point-in-time
Other liabilities	`OtherLiabilitiesNoncurrent`	$7.50M	USD	Point-in-time
Total liabilities	`Liabilities`	$696.10M	USD	Point-in-time
Total liabilities	`Liabilities`	$781.05M	USD	Point-in-time
Commitments and contingencies (Note 11)	`CommitmentsAndContingencies`	-	USD	Point-in-time
Commitments and contingencies (Note 11)	`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 65,599,348 and 65,592,597 shares outstanding, respectively	`CommonStockValue`	$656.00K	USD	Point-in-time
Common stock, $.01 par value, 200,000,000 shares authorized; and 65,599,348 and 65,592,597 shares outstanding, respectively	`CommonStockValue`	$656.00K	USD	Point-in-time
Additional paid-in capital	`AdditionalPaidInCapital`	$2.22B	USD	Point-in-time
Additional paid-in capital	`AdditionalPaidInCapital`	$2.21B	USD	Point-in-time
Accumulated earnings	`RetainedEarningsAccumulatedDeficit`	$566.54M	USD	Point-in-time
Accumulated earnings	`RetainedEarningsAccumulatedDeficit`	$527.31M	USD	Point-in-time
Total Royal Gold stockholders' equity	`StockholdersEquity`	$2.74B	USD	Point-in-time
Total Royal Gold stockholders' equity	`StockholdersEquity`	$2.78B	USD	Point-in-time
Non-controlling interests	`MinorityInterest`	$12.38M	USD	Point-in-time
Non-controlling interests	`MinorityInterest`	$12.37M	USD	Point-in-time
Total equity	`StockholdersEquityIncludingPortionAttributableToNoncontrollingInterest`	$2.79B	USD	Point-in-time
Total equity	`StockholdersEquityIncludingPortionAttributableToNoncontrollingInterest`	$2.65B	USD	Point-in-time
Total equity	`StockholdersEquityIncludingPortionAttributableToNoncontrollingInterest`	$2.75B	USD	Point-in-time
Total equity	`StockholdersEquityIncludingPortionAttributableToNoncontrollingInterest`	$2.60B	USD	Point-in-time
Total liabilities and equity	`LiabilitiesAndStockholdersEquity`	$3.53B	USD	Point-in-time
Total liabilities and equity	`LiabilitiesAndStockholdersEquity`	$3.49B	USD	Point-in-time

Income Statement 41 line items

Line Item	Tag	Value	Unit	Period
Revenue (Note 5)	`RevenueFromContractWithCustomerExcludingAssessedTax`	$162.35M	USD	1 Quarter
Revenue (Note 5)	`RevenueFromContractWithCustomerExcludingAssessedTax`	$170.39M	USD	1 Quarter
Cost of sales (excludes depreciation, depletion and amortization)	`CostOfGoodsAndServiceExcludingDepreciationDepletionAndAmortization`	$25.02M	USD	1 Quarter
Cost of sales (excludes depreciation, depletion and amortization)	`CostOfGoodsAndServiceExcludingDepreciationDepletionAndAmortization`	$22.64M	USD	1 Quarter
General and administrative	`GeneralAndAdministrativeExpense`	$8.93M	USD	1 Quarter
General and administrative	`GeneralAndAdministrativeExpense`	$11.00M	USD	1 Quarter
Production taxes	`TaxesExcludingIncomeAndExciseTaxes`	$1.99M	USD	1 Quarter
Production taxes	`TaxesExcludingIncomeAndExciseTaxes`	$2.22M	USD	1 Quarter
Depreciation, depletion and amortization	`DepreciationDepletionAndAmortization`	$47.99M	USD	1 Quarter
Depreciation, depletion and amortization	`DepreciationDepletionAndAmortization`	$46.33M	USD	1 Quarter
Total costs and expenses	`CostsAndExpenses`	$84.34M	USD	1 Quarter
Total costs and expenses	`CostsAndExpenses`	$81.78M	USD	1 Quarter
Operating income	`OperatingIncomeLoss`	$80.58M	USD	1 Quarter
Operating income	`OperatingIncomeLoss`	$86.06M	USD	1 Quarter
Fair value changes in equity securities	`EquitySecuritiesFvNiUnrealizedGainLoss`	$799.00K	USD	1 Quarter
Fair value changes in equity securities	`EquitySecuritiesFvNiUnrealizedGainLoss`	$-1.50M	USD	Annual
Fair value changes in equity securities	`EquitySecuritiesFvNiUnrealizedGainLoss`	$613.00K	USD	1 Quarter
Interest and other income	`InterestAndOtherIncome`	$2.26M	USD	1 Quarter
Interest and other income	`InterestAndOtherIncome`	$975.00K	USD	1 Quarter
Interest and other expense	`InterestAndOtherExpense`	$898.00K	USD	1 Quarter
Interest and other expense	`InterestAndOtherExpense`	$9.18M	USD	1 Quarter
Income before income taxes	`IncomeLossFromContinuingOperationsBeforeIncomeTaxesExtraordinaryItemsNoncontrollingInterest`	$81.27M	USD	1 Quarter
Income before income taxes	`IncomeLossFromContinuingOperationsBeforeIncomeTaxesExtraordinaryItemsNoncontrollingInterest`	$79.94M	USD	1 Quarter
Income tax expense	`IncomeTaxExpenseBenefit`	$15.87M	USD	1 Quarter
Income tax expense	`IncomeTaxExpenseBenefit`	$15.30M	USD	1 Quarter
Net income and comprehensive income	`ComprehensiveIncomeNetOfTaxIncludingPortionAttributableToNoncontrollingInterest`	$65.96M	USD	1 Quarter
Net income and comprehensive income	`ComprehensiveIncomeNetOfTaxIncludingPortionAttributableToNoncontrollingInterest`	$64.07M	USD	1 Quarter
Net income and comprehensive income attributable to non-controlling interests	`NetIncomeLossAttributableToNoncontrollingInterest`	$196.00K	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`	$63.88M	USD	1 Quarter
Basic earnings per share	`EarningsPerShareBasic`	$1.00	USD	1 Quarter
Basic earnings per share	`EarningsPerShareBasic`	$0.97	USD	1 Quarter
Basic weighted average shares outstanding	`WeightedAverageNumberOfSharesOutstandingBasic`	65.59M	shares	1 Quarter
Basic weighted average shares outstanding	`WeightedAverageNumberOfSharesOutstandingBasic`	65.57M	shares	1 Quarter
Diluted earnings per share	`EarningsPerShareDiluted`	$0.97	USD	1 Quarter
Diluted earnings per share	`EarningsPerShareDiluted`	$1.00	USD	1 Quarter
Diluted weighted average shares outstanding	`WeightedAverageNumberOfDilutedSharesOutstanding`	65.64M	shares	1 Quarter
Diluted weighted average shares outstanding	`WeightedAverageNumberOfDilutedSharesOutstanding`	65.71M	shares	1 Quarter
Cash dividends declared per common share	`CommonStockDividendsPerShareDeclared`	$0.35	USD	1 Quarter
Cash dividends declared per common share	`CommonStockDividendsPerShareDeclared`	$0.38	USD	1 Quarter

Cash Flow Statement 53 line items

Line Item	Tag	Value	Unit	Period
Net income and comprehensive income	`ProfitLoss`	$65.96M	USD	1 Quarter
Net income and comprehensive income	`ProfitLoss`	$64.07M	USD	1 Quarter
Depreciation, depletion and amortization	`DepreciationDepletionAndAmortization`	$47.99M	USD	1 Quarter
Depreciation, depletion and amortization	`DepreciationDepletionAndAmortization`	$46.33M	USD	1 Quarter
Non-cash employee stock compensation expense	`ShareBasedCompensation`	$2.64M	USD	1 Quarter
Non-cash employee stock compensation expense	`ShareBasedCompensation`	$2.12M	USD	1 Quarter
Fair value changes in equity securities	`EquitySecuritiesFvNiUnrealizedGainLoss`	$799.00K	USD	1 Quarter
Fair value changes in equity securities	`EquitySecuritiesFvNiUnrealizedGainLoss`	$-1.50M	USD	Annual
Fair value changes in equity securities	`EquitySecuritiesFvNiUnrealizedGainLoss`	$613.00K	USD	1 Quarter
Deferred tax expense	`DeferredIncomeTaxExpenseBenefit`	$688.00K	USD	1 Quarter
Deferred tax expense	`DeferredIncomeTaxExpenseBenefit`	$1.09M	USD	1 Quarter
Other	`OtherNoncashIncomeExpense`	$-214.00K	USD	1 Quarter
Other	`OtherNoncashIncomeExpense`	$-245.00K	USD	1 Quarter
Royalty receivables	`IncreaseDecreaseInAccountsReceivable`	$-569.00K	USD	1 Quarter
Royalty receivables	`IncreaseDecreaseInAccountsReceivable`	$-2.47M	USD	1 Quarter
Stream inventory	`IncreaseDecreaseInInventories`	$-3.12M	USD	1 Quarter
Stream inventory	`IncreaseDecreaseInInventories`	$-1.06M	USD	1 Quarter
Income tax receivable	`IncreaseDecreaseInIncomeTaxesReceivable`	$-1.34M	USD	1 Quarter
Income tax receivable	`IncreaseDecreaseInIncomeTaxesReceivable`	$-518.00K	USD	1 Quarter
Prepaid expenses and other assets	`IncreaseDecreaseInPrepaidDeferredExpenseAndOtherAssets`	$7.31M	USD	1 Quarter
Prepaid expenses and other assets	`IncreaseDecreaseInPrepaidDeferredExpenseAndOtherAssets`	$914.00K	USD	1 Quarter
Accounts payable	`IncreaseDecreaseInAccountsPayable`	$-208.00K	USD	1 Quarter
Accounts payable	`IncreaseDecreaseInAccountsPayable`	$1.17M	USD	1 Quarter
Income tax payable	`IncreaseDecreaseInAccruedIncomeTaxesPayable`	$-7.84M	USD	1 Quarter
Income tax payable	`IncreaseDecreaseInAccruedIncomeTaxesPayable`	$-10.91M	USD	1 Quarter
Other liabilities	`IncreaseDecreaseInOtherOperatingLiabilities`	$-1.04M	USD	1 Quarter
Other liabilities	`IncreaseDecreaseInOtherOperatingLiabilities`	$-2.17M	USD	1 Quarter
Net cash provided by operating activities	`NetCashProvidedByUsedInOperatingActivities`	$108.66M	USD	1 Quarter
Net cash provided by operating activities	`NetCashProvidedByUsedInOperatingActivities`	$101.13M	USD	1 Quarter
Acquisition of stream and royalty interests	`PaymentsToAcquireMineralRights`	$37.80M	USD	1 Quarter
Other	`PaymentsForProceedsFromOtherInvestingActivities`	$11.00K	USD	1 Quarter
Other	`PaymentsForProceedsFromOtherInvestingActivities`	$197.00K	USD	1 Quarter
Net cash used in investing activities	`NetCashProvidedByUsedInInvestingActivities`	$-37.81M	USD	1 Quarter
Net cash used in investing activities	`NetCashProvidedByUsedInInvestingActivities`	$-197.00K	USD	1 Quarter
Repayment of debt	`RepaymentsOfLongTermDebt`	$75.00M	USD	1 Quarter
Net payments from issuance of common stock	`ProceedsFromRepurchaseOfEquity`	$141.00K	USD	1 Quarter
Net payments from issuance of common stock	`ProceedsFromRepurchaseOfEquity`	$-397.00K	USD	1 Quarter
Common stock dividends	`PaymentsOfDividendsCommonStock`	$22.98M	USD	1 Quarter
Common stock dividends	`PaymentsOfDividendsCommonStock`	$24.63M	USD	1 Quarter
Other	`ProceedsFromPaymentsForOtherFinancingActivities`	$-202.00K	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`	$-100.23M	USD	1 Quarter
Net increase in cash and equivalents	`CashCashEquivalentsRestrictedCashAndRestrictedCashEquivalentsPeriodIncreaseDecreaseIncludingExchangeRateEffect`	$40.16M	USD	1 Quarter
Net increase in cash and equivalents	`CashCashEquivalentsRestrictedCashAndRestrictedCashEquivalentsPeriodIncreaseDecreaseIncludingExchangeRateEffect`	$8.23M	USD	1 Quarter
Cash and equivalents at beginning of period	`CashCashEquivalentsRestrictedCashAndRestrictedCashEquivalents`	$118.59M	USD	Point-in-time
Cash and equivalents at beginning of period	`CashCashEquivalentsRestrictedCashAndRestrictedCashEquivalents`	$126.82M	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`	$143.55M	USD	Point-in-time
Cash and equivalents at end of period	`CashCashEquivalentsRestrictedCashAndRestrictedCashEquivalents`	$118.59M	USD	Point-in-time
Cash and equivalents at end of period	`CashCashEquivalentsRestrictedCashAndRestrictedCashEquivalents`	$126.82M	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`	$143.55M	USD	Point-in-time

Stockholders Equity 16 line items

Line Item	Tag	Value	Unit	Period
Balance	`StockholdersEquityIncludingPortionAttributableToNoncontrollingInterest`	$2.79B	USD	Point-in-time
Balance	`StockholdersEquityIncludingPortionAttributableToNoncontrollingInterest`	$2.65B	USD	Point-in-time
Balance	`StockholdersEquityIncludingPortionAttributableToNoncontrollingInterest`	$2.75B	USD	Point-in-time
Balance	`StockholdersEquityIncludingPortionAttributableToNoncontrollingInterest`	$2.60B	USD	Point-in-time
Stock-based compensation and related share issuances	`StockIssuedDuringPeriodValueShareBasedCompensation`	$2.27M	USD	1 Quarter
Stock-based compensation and related share issuances	`StockIssuedDuringPeriodValueShareBasedCompensation`	$2.24M	USD	1 Quarter
Distributions to non-controlling interests	`MinorityInterestDecreaseFromDistributionsToNoncontrollingInterestHolders`	$203.00K	USD	1 Quarter
Distributions to non-controlling interests	`MinorityInterestDecreaseFromDistributionsToNoncontrollingInterestHolders`	$329.00K	USD	1 Quarter
Net income and comprehensive income	`ComprehensiveIncomeNetOfTaxIncludingPortionAttributableToNoncontrollingInterest`	$65.96M	USD	1 Quarter
Net income and comprehensive income	`ComprehensiveIncomeNetOfTaxIncludingPortionAttributableToNoncontrollingInterest`	$64.07M	USD	1 Quarter
Dividends declared	`DividendsCommonStock`	$24.64M	USD	1 Quarter
Dividends declared	`DividendsCommonStock`	$23.00M	USD	1 Quarter
Balance	`StockholdersEquityIncludingPortionAttributableToNoncontrollingInterest`	$2.79B	USD	Point-in-time
Balance	`StockholdersEquityIncludingPortionAttributableToNoncontrollingInterest`	$2.65B	USD	Point-in-time
Balance	`StockholdersEquityIncludingPortionAttributableToNoncontrollingInterest`	$2.75B	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.