← ROYAL GOLD INC
| Annual Trend | FY 2016 | FY 2017 | FY 2018 | FY 2019 | FY 2020 | FY 2021 | FY 2022 | FY 2023 | FY 2024 | FY 2025 | |
|---|---|---|---|---|---|---|---|---|---|---|---|
| ASSETS | |||||||||||
| Current assets: | |||||||||||
| Cash and Cash Equivalents, at Carrying Value | $116.6m | $85.8m | $88.8m | $119.5m | $319.1m | $143.6m | $118.6m | $104.2m | $195.5m | $233.7m | |
| Prepaid Expense and Other Assets, Current | $614k | $822k | $1.4m | $389k | $1.2m | $1.8m | $2.1m | $1.9m | $2.2m | $4.9m | |
| Cash and equivalents | $116.6m | $85.8m | $88.8m | $119.5m | $319.1m | $225.9m | $118.6m | $104.2m | $195.5m | $233.7m | |
| Royalty receivables | $18.0m | $23.5m | $26.4m | $20.7m | $27.7m | $47.2m | $49.4m | $48.9m | $63.5m | $110.8m | |
| Income tax receivable | $20.0m | $22.2m | $40k | $2.7m | $2.4m | $4.5m | $3.1m | $2.7m | $1.1m | $2.1m | |
| Stream inventory | $9.5m | $7.9m | $9.3m | $11.4m | $11.7m | $17.7m | $12.7m | $9.8m | $13.0m | $25.9m | |
| Prepaid expenses and other | $614k | $822k | $1.4m | $389k | $1.2m | $1.8m | $2.1m | $1.9m | $2.2m | $4.9m | |
| Cash and cash equivalents | — | $200.8m | $206.0m | $182.8m | $220.5m | $172.5m | $129.8m | $224.8m | $327.2m | $623.1m | |
| Amounts receivable (Note 8) | — | $41.0m | $39.5m | $37.4m | $34.7m | $31.1m | $37.2m | $53.4m | $46.7m | $45.0m | |
| Inventories (Note 9) | — | $161.2m | $110.2m | $126.9m | $148.5m | $199.0m | $234.2m | $271.2m | $232.8m | $225.4m | |
| Other current assets | — | $14.4m | $15.5m | $19.8m | $26.0m | $24.2m | $16.2m | $23.6m | $17.9m | $26.0m | |
| Income taxes receivable | — | — | $8.0m | $4.6m | $0 | $8.7m | $0 | — | — | — | |
| Inventory (Note 8) | — | $68.7m | $30.0m | $25.7m | $17.9m | $10.6m | $0 | $0 | $25.3m | — | |
| Assets, Current | $164.8m | $140.2m | $125.8m | $154.7m | $362.1m | $216.0m | $185.8m | $167.4m | $275.3m | $377.4m | |
| Total current assets | $164.8m | $140.2m | $125.8m | $154.7m | $362.1m | $297.1m | $185.8m | $167.4m | $275.3m | $377.4m | |
| Mineral property, plant and equipment (Note 10) | — | $2.8b | $2.8b | $2.9b | $3.1b | $3.1b | $3.2b | $3.4b | $4.6b | $5.0b | |
| Operating Lease, Right-of-Use Asset | — | — | — | — | $7.9m | $6.4m | $5.6m | $4.8m | $4.3m | — | |
| Other Assets, Noncurrent | $53.7m | $58.2m | $55.1m | $50.2m | $85.2m | $97.3m | $111.3m | $118.1m | $74.0m | $102.5m | |
| Other assets | $53.7m | $58.2m | $55.1m | $50.2m | $85.2m | $92.3m | $111.3m | $118.1m | $74.0m | $102.5m | |
| Additional Financial Items | |||||||||||
| Stream and royalty interests, net (Note 5) | $2.8b | $2.9b | $2.5b | $2.3b | $2.3b | $2.3b | $3.2b | $3.1b | $3.0b | $8.6b | |
| Equity method investment (Note 6) | — | — | — | — | — | — | — | — | $0 | $300.9m | |
| Marketable securities (Note 7) | — | — | — | — | — | — | — | — | $6k | $172.9m | |
| Income tax payable | $3.2m | $5.7m | $18.3m | $7.0m | $13.3m | $14.5m | $16.1m | $15.6m | $23.2m | $33.3m | |
| Other current liabilities | $3.6m | $5.6m | $4.4m | $5.3m | $9.4m | $11.5m | $16.2m | $19.1m | $21.8m | $37.4m | |
| Debt (Note 8) | $600.7m | $586.2m | $351.0m | $214.6m | $300.4m | — | $571.6m | $246.0m | $0 | $895.4m | |
| Mount Milligan deferred liability (Note 10) | — | — | — | — | — | — | — | $0 | $25.0m | $69.2m | |
| Other liabilities | $6.4m | $6.4m | $13.8m | — | $8.3m | $7.2m | $7.7m | $7.7m | $18.5m | $55.9m | |
| Non-controlling interests | $56.9m | $44.9m | $39.1m | $33.8m | $29.9m | $12.6m | $12.4m | $12.4m | $12.2m | $48.2m | |
| Equity securities | — | $35.8m | $7.8m | $22.8m | $43.7m | $23.9m | $18.6m | $13.0m | $24.0m | $58.9m | |
| Deferred payment consideration (Note 7) | — | — | — | — | — | — | — | — | $0 | $157.1m | |
| Deferred income taxes (Note 18) | — | $477.0m | $491.5m | $513.7m | $559.9m | $623.2m | $0 | $9.0m | $12.2m | $34.0m | |
| Other non-current assets (Note 11) | — | $45.0m | $41.9m | $43.1m | $43.9m | $43.0m | $59.4m | $46.1m | $32.0m | $30.7m | |
| Derivative liabilities (Note 13) | — | — | — | — | — | — | — | $1.0m | $9.1m | $128.0m | |
| Deferred revenue (Note 14) | — | — | — | — | — | — | — | $0 | $116.6m | $50.0m | |
| Income taxes payable | — | $12.2m | $6.2m | $0 | $15.5m | $0 | $700k | $40.3m | $50.5m | $53.6m | |
| Current portion of lease liabilities (Note 16) | — | — | — | — | — | — | — | $0 | $15.2m | $11.8m | |
| Current portion of decommissioning liabilities (Note 17) | — | — | — | — | — | — | $8.5m | $12.6m | $6.5m | $8.1m | |
| Debt and financing obligations (Note 15) | — | — | — | — | — | — | — | $0 | $250.0m | $200.0m | |
| Lease liabilities (Note 16) | — | — | — | — | — | — | — | $0 | $21.4m | $11.2m | |
| Decommissioning liabilities (Note 17) | — | $44.6m | $44.9m | $57.1m | $75.2m | $102.8m | $108.1m | $124.2m | $145.1m | $153.4m | |
| Other non-current liabilities | — | $4.3m | $1.6m | $3.1m | $3.0m | $2.5m | $2.2m | $2.0m | $3.9m | $4.2m | |
| Share capital (Note 19) | — | $3.7b | $3.7b | $3.7b | $3.7b | $3.7b | $3.7b | $3.7b | $4.1b | $4.1b | |
| Contributed surplus | — | $89.5m | $87.3m | $90.7m | $88.5m | $89.5m | $90.7m | $88.6m | $89.3m | $87.7m | |
| Asset held for sale | — | — | — | — | — | $0 | $5.0m | $0 | — | — | |
| Warrants | — | $4.0m | $3.9m | $0 | — | — | — | — | — | — | |
| Total Royal Gold stockholders’ equity | $2.2b | $2.3b | $2.1b | $2.1b | $2.3b | $2.5b | $2.7b | $2.9b | $3.1b | $7.2b | |
| Total equity | $2.3b | $2.3b | $2.1b | $2.2b | $2.3b | $2.5b | $2.8b | $2.9b | $3.1b | $7.2b | |
| Assets | $3.1b | $3.1b | $2.7b | $2.5b | $2.8b | $2.8b | $3.5b | $3.4b | $3.4b | $9.5b | |
| Total assets | $3.1b | $3.1b | $2.7b | $2.5b | $2.8b | $2.7b | $3.5b | $3.4b | $3.4b | $9.5b | |
| LIABILITIES AND EQUITY | |||||||||||
| Current liabilities: | |||||||||||
| Operating Lease, Liability, Current | — | — | — | — | $901k | $943k | $923k | $972k | $965k | $4.2m | |
| Accounts Payable, Current | $4.1m | $3.9m | $9.1m | $2.9m | $2.5m | $6.5m | $6.7m | $11.4m | $10.6m | $10.1m | |
| Operating Lease, Liability, Noncurrent | — | — | — | — | $8.3m | $6.7m | $5.6m | $4.7m | $4.0m | $33.0m | |
| Dividends Payable | $15 | $62 | $65 | $68 | $72 | $43 | $94 | $100 | $109 | $129 | |
| Dividends Payable, Current | $15 | $16 | $16 | $17 | $18 | $23 | $25 | $26 | $30 | $40 | |
| Long-term Debt, Excluding Current Maturities | $600.7m | $586.2m | $351.0m | $214.6m | $300.4m | — | $571.6m | $246.0m | $0 | $895.4m | |
| Accounts payable and accrued liabilities (Note 12) | — | $101.0m | $131.9m | $127.3m | $131.4m | $157.4m | $172.7m | $194.0m | $233.0m | $316.1m | |
| Liabilities, Current | $22.7m | $30.9m | $51.4m | $33.6m | $43.6m | $61.4m | $63.6m | $72.4m | $85.2m | $120.9m | |
| Total current liabilities | $22.7m | $30.9m | $51.4m | $33.6m | $43.6m | $52.1m | $63.6m | $72.4m | $85.2m | $120.9m | |
| Deferred Income Tax Liabilities, Net | — | — | — | $89.0m | $86.4m | $87.7m | $138.2m | $134.3m | $132.3m | $1.2b | |
| Other Liabilities, Noncurrent | $6.4m | $6.4m | $13.8m | — | $8.3m | $6.7m | $7.7m | $7.7m | $18.5m | $55.9m | |
| Deferred tax liabilities | $133.9m | $121.3m | $91.1m | $89.0m | $86.4m | $88.0m | $138.2m | $134.3m | $132.3m | $1.2b | |
| Deferred Tax Liabilities, Net | $120.8m | $106.6m | $73.7m | $72.0m | $39.5m | $42.5m | $76.3m | $69.8m | $78.1m | $1.1b | |
| Liabilities: | |||||||||||
| Liabilities | $780.7m | $770.4m | $540.7m | $373.7m | $464.2m | $155.8m | $781.1m | $460.4m | $260.9m | $2.3b | |
| Total liabilities | $780.7m | $770.4m | $540.7m | $373.7m | $464.2m | $148.2m | $781.1m | $460.4m | $260.9m | $2.3b | |
| Stockholders’ equity: | |||||||||||
| Preferred Stock, Value, Issued | — | — | — | — | — | — | — | — | $0 | $0 | |
| Common Stock, Value, Issued | $651k | $652k | $654k | $655k | $655k | $656k | $656k | $656k | $657k | $845k | |
| Additional Paid in Capital | $2.2b | $2.2b | $2.2b | $2.2b | $2.2b | $2.2b | $2.2b | $2.2b | $2.2b | $5.9b | |
| Retained Earnings (Accumulated Deficit) | $48.6m | $88.0m | ($89.9m) | ($65.7m) | $61.1m | $381.9m | $527.3m | $666.5m | $890.0m | $1.2b | |
| Accumulated Other Comprehensive Income (Loss), Net of Tax | — | $879k | ($1.2m) | — | — | — | — | — | — | $993k | |
| Preferred stock, $.01 par value, 10,000,000 shares authorized; and 0 shares issued | — | — | — | — | — | — | — | $0 | $0 | $0 | |
| Common stock, $.01 par value, 200,000,000 shares authorized; and 84,499,692 and 65,691,151 shares outstanding, respectively | 651k | 652k | 654k | 655k | 655k | 656k | 656k | 656k | 657k | 845k | |
| Accumulated other comprehensive income | — | $879k | ($1.2m) | — | — | — | — | — | $0 | $993k | |
| Retained earnings (deficit) | — | ($1.1b) | ($1.2b) | ($1.1b) | ($958.1m) | ($1.0b) | ($1.0b) | ($876.8m) | ($606.2m) | $217.2m | |
| Accumulated other comprehensive loss | — | $13.0m | ($9.2m) | ($200k) | $18.2m | $1.9m | ($24.8m) | ($26.9m) | ($37.4m) | — | |
| Stockholders' Equity Attributable to Parent | $2.2b | $2.3b | $2.1b | $2.1b | $2.3b | $2.6b | $2.7b | $2.9b | $3.1b | $7.2b | |
| Stockholders' Equity Attributable to Noncontrolling Interest | $56.9m | $44.9m | $39.1m | $33.8m | $29.9m | $12.5m | $12.4m | $12.4m | $12.2m | $48.2m | |
| Liabilities and Equity | $3.1b | $3.1b | $2.7b | $2.5b | $2.8b | $2.8b | $3.5b | $3.4b | $3.4b | $9.5b | |
| Total liabilities and equity | $3.1b | $3.1b | $2.7b | $2.5b | $2.8b | $2.7b | $3.5b | $3.4b | $3.4b | $9.5b |
Values abbreviated: b = billions, m = millions, k = thousands. Per share data in USD.