Royal gold, inc (RGLD)
CashFlow / TTM
Mar'20Dec'19Sep'19Jun'19Mar'19Dec'18Sep'18Jun'18Mar'18Dec'17Sep'17Jun'17Mar'17Dec'16Sep'16Jun'16Mar'16Dec'15Sep'15Jun'15Mar'15Dec'14Sep'14Jun'14Mar'14Dec'13Sep'13Jun'13Mar'13Dec'12Sep'12Jun'12Mar'12Dec'11Sep'11Jun'11Mar'11Dec'10Sep'10Jun'10Mar'10Dec'09Sep'09
Cash flows from operating activities:
Net income and comprehensive income

173,043

163,344

145,975

89,079

87,623

-95,089

-133,923

-119,351

-126,522

49,125

92,018

92,425

93,671

2,644

-10,542

-82,438

-85,550

9,059

-11,182

52,678

54,640

50,009

67,110

63,472

60,199

46,616

63,396

73,409

80,716

100,771

97,462

98,309

100,614

93,968

90,438

77,299

68,904

43,670

33,302

29,422

0

0

0

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

172,368

160,508

159,219

163,056

163,042

163,353

166,555

163,696

161,231

161,716

159,226

159,636

155,176

153,174

154,063

141,108

131,930

118,551

98,421

93,486

91,939

88,761

91,154

91,342

87,427

87,471

85,920

85,020

80,910

78,982

79,280

75,001

74,991

71,108

65,695

67,399

68,381

65,544

61,640

53,793

0

0

0

Amortization of debt discount and issuance costs

4,257

7,990

11,666

15,288

15,728

15,497

15,270

15,046

14,823

14,487

14,153

13,825

13,500

13,296

13,139

12,985

14,163

13,527

12,824

12,100

11,818

11,625

11,465

11,332

9,440

9,287

9,163

9,015

0

0

0

-

-

-

-

-

-

-

-

-

-

-

-

Non-cash employee stock compensation expense

9,390

6,186

6,274

6,617

7,831

7,954

8,350

8,279

9,183

7,935

8,212

9,983

9,008

11,033

9,956

10,039

9,270

7,766

6,919

5,141

4,951

3,645

3,416

2,580

1,182

3,560

5,219

5,701

6,755

6,341

6,404

6,507

7,044

7,353

7,407

6,494

6,653

7,399

7,414

7,279

0

0

0

Fair value changes in equity securities

-8,454

-2,854

-6,707

-6,800

0

0

0

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

Tax (benefit) expense of stock-based compensation exercises

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

43

43

517

364

991

879

266

597

3,860

3,972

3,767

2,966

-4,245

-4,476

-5,554

-6,348

-3,611

-3,459

-2,371

-1,325

-1,791

-1,851

-2,108

-1,638

0

0

0

Gain on distribution to non-controlling interest

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

2,837

162

529

795

3,725

4,185

3,833

5,364

3,258

6,747

6,858

5,187

5,891

0

0

0

Restructuring on royalty interests

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-1,328

0

0

0

-

-

-

-

-

-

-

-

Deferred tax benefit

-33,533

-37,564

-33,203

-1,745

-6,589

-62,108

-33,797

-32,843

-23,761

33,725

1,859

1,556

5,997

3,573

-17,780

-4,983

-10,698

-22,315

-10,510

-27,651

-29,363

-17,231

-10,683

-8,166

-18,589

-17,291

-16,022

-11,419

-3,547

252

2,809

1,571

-4,170

-4,775

-4,107

-5,136

-4,011

-7,298

-7,107

-7,536

0

0

0

Impairment of royalty interests

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

31,335

0

0

0

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

Other

-

-

-

-

-

-

-

197

435

394

4,944

4,874

3,963

4,638

153

390

0

0

0

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

Changes in assets and liabilities:
Royalty receivables

4,768

2,788

1,529

-5,623

-241

-3,626

-3,973

-530

6,425

2,147

2,028

6,883

-3,165

2,395

682

-19,508

-16,781

-11,405

-15,692

-5,977

272

-5,741

-4,965

-3,731

-16,810

-27,700

-16,544

-3,562

-3,067

6,233

9,957

5,118

15,584

11,653

11,737

8,465

11,975

18,144

17,016

19,055

0

0

0

Stream inventory

-466

7,381

760

2,069

-286

596

2,218

1,428

6,075

-2,819

-4,820

-1,606

1,223

1,890

8,347

7,203

0

0

0

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

Income tax receivable

2,571

-3,122

-2,683

2,663

7,640

-14,574

-19,643

-22,130

-14,081

18,201

13,695

13,056

17,758

18,219

660

14,637

15,379

-18,116

9,757

-12,808

0

0

0

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

Prepaid expenses and other assets

5,452

6,532

1,465

-2,793

-2,063

-5,446

-5,528

-2,813

-2,276

1,184

1,621

1,691

981

3,031

-805

153

1,425

-2,534

2,302

-2,527

-3,125

-452

-3,267

-11,417

-4,252

-20,360

1,754

12,300

4,263

20,956

358

-88

-2,598

-2,001

-1,023

-2,247

-872

-5,032

-4,922

-4,035

0

0

0

Accounts payable

-3,395

-329

-1,849

-6,426

1,786

-195

2,098

5,173

496

-32

-2,968

-206

-957

-589

-2,338

-849

359

-760

4,986

150

-831

734

260

1,105

888

-37

-665

113

265

63

513

530

-1,045

-823

-1,269

-930

-2,206

-12,460

-9,581

-10,742

0

0

0

Income tax payable

4,775

3,625

-2,466

-11,281

3,820

-4,358

-3,675

12,601

9,676

24,040

21,774

2,475

-1,912

-12,466

-12,881

460

2,931

2,496

2,311

2,717

-1,154

1,212

2,052

-7,441

-1,505

-7,756

-17,622

1,697

-3,877

513

1,180

633

9,589

5,237

10,402

5,527

-1,923

1,547

-355

-2,697

0

0

0

Withholding taxes payable

-

-

-

-

-

-

-

-171

7,087

-199

362

1,411

0

0

0

-

-

-

-

-

-

-5,210

-6,383

-13,319

3,781

5,196

7,036

15,294

0

0

0

-

-

-

-

-

-

-

-

-

-

-

-

Uncertain tax positions

-82

4,213

1,662

3,180

-92

5,404

8,540

7,767

12,279

7,139

4,750

8,631

0

0

0

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

Other liabilities

810

4,108

-10,984

-12,924

-13,097

-12,677

4,858

5,415

10,452

10,386

1,436

2,015

-2,813

-3,975

-5,591

235

5,587

4,138

4,080

-1,457

-4,286

-2,535

-3,931

-2,915

-649

-1,080

-820

-753

2,385

-2,970

1,397

-1,569

-266

4,382

7,247

6,900

7,222

4,890

120

1,030

0

0

0

Net cash provided by operating activities

321,452

299,194

279,768

253,166

257,924

285,058

301,852

328,824

317,730

289,215

283,354

266,853

249,596

239,587

221,928

169,311

164,552

164,421

142,132

192,099

180,310

159,270

164,173

147,202

155,203

178,411

154,575

172,630

171,775

151,153

169,532

162,164

167,508

161,039

158,897

146,957

123,379

81,842

66,415

48,371

0

0

0

Acquisition of stream and royalty interests

107,855

73,417

5,414

1,055

0

0

0

-

-

-

113,643

203,721

223,574

213,943

135,311

1,346,109

1,326,344

1,346,679

1,355,101

60,429

60,668

70,664

38,200

80,019

116,873

147,319

242,255

314,262

0

0

0

-

-

-

-

280,009

294,554

512,496

257,996

232,996

0

0

0

Andacollo royalty termination

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

345,000

0

0

0

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

Golden Star term loan

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

0

0

0

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

Change in restricted cash-compensating balance

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-19,250

0

0

0

Proceeds on sale of inventory - restricted

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

0

0

-

6,215

5,679

8,081

5,097

4,601

4,799

2,219

3,647

0

0

0

Deferred acquisition costs

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-117

-1,790

-1,834

-566

-120

0

0

0

Other

-2,417

-3,894

-4,012

967

-185

902

1,130

909

-851

-1,737

-3,931

-3,605

-1,496

-1,736

307

309

1,004

527

874

773

5,080

5,245

4,885

4,782

-4,865

-4,804

-4,813

-4,820

-5,666

-5,417

-5,421

-5,327

4,165

2,692

2,738

2,660

-1,347

101

89

86

0

0

0

Net proceeds from issuance of common stock

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

0

0

-

-

-

-

473,771

473,867

742,395

270,711

271,536

0

0

0

-

-

-

-

-

-

-

-

Net cash used in investing activities

-105,899

-69,938

-4,975

-5,595

-13,112

-14,207

-10,809

-10,590

-161

-9,166

-109,712

-200,116

-217,106

-200,302

-123,713

-1,009,513

-995,415

-1,012,206

-1,020,975

-51,202

-55,748

-75,909

-43,085

-84,801

-112,008

-142,633

-237,560

-309,442

-359,950

-342,840

-395,634

-271,356

-218,729

-172,338

-277,662

-306,263

-290,396

-779,865

-526,665

-480,538

0

0

0

Cash flows from financing activities:
Repayment of debt

0

0

0

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

326,100

230,600

56,700

69,300

41,900

48,750

78,263

61,763

55,263

0

0

0

Borrowings from revolving credit facility

-

-

-

-

-

-

-

-

-

-

-

70,000

70,000

70,000

70,000

350,000

0

0

0

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

Repayment of revolving credit facility

-

-

-

-

-

-

-

-

0

0

0

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

0

0

0

Net payments from issuance of common stock

-3,870

-2,125

-2,046

-1,595

-2,522

-2,718

-2,485

-4,042

-3,310

-3,647

-3,917

-2,426

0

0

0

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

Common stock dividends

70,474

69,478

68,474

67,477

66,477

65,481

64,812

64,118

63,436

62,752

62,066

61,396

60,726

60,056

59,391

58,720

58,051

57,384

56,717

56,054

55,386

54,717

54,048

53,380

52,715

52,051

47,995

43,934

39,875

35,210

32,358

29,504

26,642

24,386

23,252

22,130

20,464

18,059

16,342

14,628

0

0

0

Purchase of additional royalty interest from non-controlling interest

-

-

-

-

-

-

-

-

-

-

-

2,518

0

0

0

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

Distribution to non-controlling interests

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

1,745

2,263

2,363

2,431

7,298

7,218

7,383

7,412

2,920

3,768

3,992

8,810

9,007

8,350

10,567

7,158

6,273

5,662

2,719

3,647

0

0

0

Tax (benefit) expense of stock-based compensation exercises

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

43

43

517

364

351

463

322

597

2,072

1,960

2,165

2,966

4,245

4,476

5,554

6,348

3,611

3,459

2,371

1,325

1,791

1,851

2,108

1,638

0

0

0

Other

-959

-974

-1,760

-153

2,777

3,142

5,117

3,009

-141

-86

-2,473

-2,843

-1,414

-2,866

-715

-830

0

0

0

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-54

0

0

0

-

0

0

0

Net cash used in financing activities

-337,834

-305,288

-269,901

-216,846

-138,192

-212,447

-262,360

-315,331

-296,283

-265,905

-218,289

-97,523

-67,263

-72,897

-69,483

213,986

238,498

290,257

291,742

-57,584

-55,446

-67,522

-67,576

-66,900

-70,186

-57,220

418,847

425,391

677,940

776,616

404,738

370,493

108,788

35,692

-79,337

-51,385

239,138

452,595

474,256

462,447

0

0

0

Net (decrease) increase in cash and equivalents

-122,281

-76,032

4,892

30,725

106,620

58,404

28,683

2,903

21,286

14,144

-44,647

-30,786

-34,773

-33,612

28,732

-626,216

-592,365

-557,528

-587,101

83,313

69,116

15,839

53,512

-4,499

-26,991

-21,442

335,862

288,579

489,765

584,929

178,636

261,301

57,567

24,393

-198,102

-210,691

72,121

-245,428

14,006

30,280

0

0

0