ROYAL GOLD INC
For the period ended Dec 31, 2024. Filed Feb 13, 2025.
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FY2024 · Filed Feb 13, 2025
RGLD$274.57-2.9%Stored close · as of Nov 10, 2026
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Item 8. CONSOLIDATED STATEMENTS OF CASH FLOWS
Consolidated Statements of Cash Flows
(In thousands)
| Years Ended | |||
|---|---|---|---|
| December 31,2024 | December 31,2023 | December 31,2022 | |
| Cash flows from operating activities: | |||
| Net income and comprehensive income | $332,479 | $240,132 | $239,942 |
| Adjustments to reconcile net income and comprehensive income to net cash provided by operating activities: | |||
| Depreciation, depletion and amortization | 144,426 | 164,937 | 178,935 |
| Non-cash employee stock compensation expense | 11,892 | 9,696 | 8,411 |
| Fair value changes in equity securities | 66 | 147 | 1,503 |
| Deferred tax expense (benefit) | 8,354 | (6,469) | (19,836) |
| Impairment of royalty interests | — | — | 4,287 |
| Other | 945 | 779 | 979 |
| Changes in assets and liabilities: | |||
| Royalty receivables | (14,577) | 521 | 4,683 |
| Stream inventory | (3,186) | 2,868 | (1,049) |
| Income tax receivable | 1,537 | 390 | 1,849 |
| Prepaid expenses and other assets | 11,168 | (4,369) | (3,908) |
| Accounts payable | (9,113) | 4,756 | 211 |
| Income tax payable | 7,620 | (508) | (3,005) |
| Mount Milligan deferred liability | 25,000 | — | — |
| Other liabilities | 12,892 | 2,912 | 4,343 |
| Net cash provided by operating activities | $529,503 | $415,792 | $417,345 |
| Cash flows from investing activities: | |||
| Acquisition of stream and royalty interests | (102,564) | (2,678) | (922,155) |
| Proceeds from Khoemacau debt facility | 25,000 | — | — |
| Other | (116) | (151) | (721) |
| Net cash used in investing activities | $(77,680) | $(2,829) | $(922,876) |
| Cash flows from financing activities: | |||
| Repayment of debt | (250,000) | (325,000) | (125,000) |
| Borrowings from revolving credit facility | — | — | 700,000 |
| Net payments from issuance of common stock | (4,620) | (1,383) | (1,447) |
| Common stock dividends | (105,237) | (98,567) | (91,925) |
| Other | (635) | (2,432) | (1,062) |
| Net cash (used in) provided by financing activities | $(360,492) | $(427,382) | $480,566 |
| Net increase (decrease) in cash and equivalents | 91,331 | (14,419) | (24,965) |
| Cash and equivalents at beginning of period | 104,167 | 118,586 | 143,551 |
| Cash and equivalents at end of period | $195,498 | $104,167 | $118,586 |
See Note 12 for supplemental cash flow information.
The text of this filing, as the company filed it with the SEC, without its images or exhibits. This is not investment advice.