Royal gold, inc (RGLD)
CashFlow / Yearly
Jun'19Jun'18Jun'17Jun'16Jun'15Jun'14Jun'13Jun'12Jun'11Jun'10Jun'09
Cash flows from operating activities:
Net income and comprehensive income

89,079

-119,351

92,425

-82,438

52,678

63,472

73,409

98,309

77,299

29,422

41,357

Adjustments to reconcile net income to net cash provided by operating activities:
Depreciation, depletion and amortization

163,056

163,696

159,636

141,108

93,486

91,342

85,020

75,001

67,399

53,793

32,578

Amortization of debt discount and issuance costs

15,288

15,046

13,825

12,985

12,100

11,332

9,015

-

-

-

-

Recognized loss on available-for-sale securities

-

-

-

-

-

-

12,121

-

-

-

-

Non-cash employee stock compensation expense

6,617

8,279

9,983

10,039

5,141

2,580

5,701

6,507

6,494

7,279

2,921

Fair value changes in equity securities

-6,800

-

-

-

-

-

-

-

-

-

-

Tax (benefit) expense of stock-based compensation exercises

-

-

-

-

364

597

2,966

-6,348

-1,325

-1,638

-334

Gain on distribution to non-controlling interest

-

-

-

-

-

-

2,837

3,725

3,258

5,891

1,924

Gain on available-for-sale securities

-

-

-

2,340

-183

-4,499

-

-

-

-

-

Restructuring on royalty interests

-

-

-

-

-

-

-

-1,328

-

-

33,714

Deferred tax benefit

-1,745

-32,843

1,556

-4,983

-27,651

-8,166

-11,419

1,571

-5,136

-7,536

-2,170

Impairment of royalty interests

-

239,364

-

98,588

31,335

-

-

-

-

-

-

Other

2

197

4,874

390

46

259

100

2,117

-

371

-

Changes in assets and liabilities:
Royalty receivables

-5,623

-530

6,883

-19,508

-5,977

-3,731

-3,562

5,118

8,465

19,055

4,280

Stream inventory

2,069

1,428

-1,606

7,203

-1,110

-3,396

-

-

-

-

-

Income tax receivable

2,663

-22,130

13,056

14,637

-12,808

6,183

3,127

7,179

-

-

-

Prepaid expenses and other assets

-2,793

-2,813

1,691

153

-2,527

-11,417

12,300

-88

-2,247

-4,035

477

Accounts payable

-6,426

5,173

-206

-849

150

1,105

113

530

-930

-10,742

-1,834

Income tax payable

-11,281

12,601

2,475

460

2,717

-7,441

1,697

633

5,527

-2,697

-147

Withholding taxes payable

-2,160

-171

1,411

-2,486

-

-13,319

15,294

19

205

-

-

Uncertain tax positions

3,180

7,767

8,631

1,867

1,405

-

-

-

-

-

-

Other liabilities

-12,924

5,415

2,015

235

-1,457

-2,915

-753

-1,569

6,900

1,030

-1,929

Net cash provided by operating activities

253,166

328,824

266,853

169,311

192,099

147,202

172,630

162,164

146,957

48,371

30,047

Acquisition of stream and royalty interests

1,055

11,812

203,721

1,346,109

60,429

80,019

314,262

276,683

280,009

232,996

186,110

Repayment of Golden Star term loan

-

20,000

-

-

-

-

-

-

-

-

-

Purchase of equity securities

3,573

17,869

-

-

-

-

-

-

-

-

-

Andacollo royalty termination

-

-

-

345,000

-

-

-

-

-

-

-

Golden Star term loan

-

-

-

20,000

-

-

-

-

-

-

-

Sale of available-for-sale securities

-

-

-

11,905

-

-

-

-

-

-

-

Tulsequah stream termination

-

-

-

-

10,000

-

-

-

-

-

-

Acquisition of International Royalty Corporation, net of cash acquired

-

-

-

-

-

-

-

-

-

270,233

-

Acquisition of available for sale securities

-

-

-

-

-

-

-

-

28,574

-

-

Proceeds from royalty restructuring

-

-

-

-

-

-

-

-

-

-

34,897

Change in restricted cash-compensating balance

-

-

-

-

-

-

-

-

-

-19,250

3,500

Proceeds on sale of inventory - restricted

-

-

-

-

-

-

-

-

5,097

3,647

3,477

Deferred acquisition costs

-

-

-

-

-

-

-

-

-117

-120

-1,021

Other

967

909

-3,605

309

773

4,782

-4,820

-5,327

2,660

86

284

Net proceeds from issuance of common stock

-

-

-

-

-

-

473,771

271,536

-

276,839

235,707

Net cash used in investing activities

-5,595

-10,590

-200,116

-1,009,513

-51,202

-84,801

-309,442

-271,356

-306,263

-480,538

-152,541

Cash flows from financing activities:
Net proceeds from debt

-

-

-

-

-

-

-

457,023

18,532

253,407

-

Repayment of debt

370,000

250,000

95,000

-

-

-

-

326,100

41,900

55,263

-

Borrowings from revolving credit facility

220,000

-

70,000

350,000

-

-

-

-

-

-

-

Repayment of revolving credit facility

-

-

-

75,000

-

-

-

-

-

-

-

Net payments from issuance of common stock

-1,595

-4,042

-2,426

-353

775

1,120

-

-

-

-

-

(Prepayment of) borrowings under Chilean loan facility

-

-

-

-

-

-

-

-

-

-

3,500

Common stock dividends

67,477

64,118

61,396

58,720

56,054

53,380

43,934

29,504

22,130

14,628

10,242

Debt issuance costs

1,761

180

3,340

1,111

864

1,284

-

-

-

-

797

Contributions from non-controlling interest

4,140

-

-

-

-

-

-

-

-

-

-

Purchase of additional royalty interest from non-controlling interest

-

-

2,518

-

-

11,522

-

-

-

-

-

Proceeds from foreign exchange contract

-

-

-

-

-

-

-

-

-

-4,101

-

Distribution to non-controlling interests

-

-

-

-

-

2,431

7,412

8,810

7,158

3,647

3,477

Tax (benefit) expense of stock-based compensation exercises

-

-

-

-

364

597

2,966

6,348

1,325

1,638

334

Other

-153

3,009

-2,843

-830

-1,805

-

-

-

-54

-

-

Net cash used in financing activities

-216,846

-315,331

-97,523

213,986

-57,584

-66,900

425,391

370,493

-51,385

462,447

225,025

Net (decrease) increase in cash and equivalents

30,725

2,903

-30,786

-626,216

83,313

-4,499

288,579

261,301

-210,691

30,280

102,531