ROYAL GOLD INC
For the period ended Sep 30, 2025. Filed Nov 6, 2025.
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A company's report for each of its first three quarters. The financial statements are not audited. It shows how the business has moved since the last annual report, and what management says changed.
Sep 30, 2025 · Filed Nov 6, 2025
RGLD$274.57-2.9%Stored close · as of Nov 10, 2026
Extracted filing text, with the paragraph anchors used by the comparison.
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Consolidated Statements of Cash Flows
(Unaudited, amounts in thousands)
| Nine Months Ended | ||
|---|---|---|
| September 30,2025 | September 30,2024 | |
| Cash flows from operating activities: | ||
| Net income and comprehensive income | $377,857 | $224,958 |
| Adjustments to reconcile net income and comprehensive income to net cash provided by operating activities: | ||
| Depreciation, depletion and amortization | 97,051 | 110,689 |
| Non-cash employee stock compensation expense | 8,853 | 9,313 |
| Fair value changes in equity securities | 35 | 42 |
| Deferred tax (benefit) expense | (8,085) | 4,908 |
| Other | (4,163) | 717 |
| Changes in assets and liabilities: | ||
| Royalty receivables | (6,240) | (1,234) |
| Stream inventory | (8,036) | (1,832) |
| Income tax receivable | (19,666) | (7,513) |
| Prepaid expenses and other assets | (1,219) | 11,240 |
| Accounts payable | 3,719 | 1,804 |
| Income tax payable | 17,919 | 14,830 |
| Mount Milligan deferred liability | — | 25,000 |
| Other liabilities | 5,116 | (4,472) |
| Net cash provided by operating activities | $463,141 | $388,450 |
| Cash flows from investing activities: | ||
| Acquisition of stream and royalty interests | (1,164,483) | (55,683) |
| Proceeds from Khoemacau debt facility | — | 25,000 |
| Proceeds from the sale of inventory - restricted | 7,681 | — |
| Other | (161) | (91) |
| Net cash used in investing activities | $(1,156,963) | $(30,774) |
| Cash flows from financing activities: | ||
| Borrowings from revolving credit facility | 825,000 | — |
| Repayment of debt | (50,000) | (250,000) |
| Net payments from issuance of common stock | (4,856) | (4,564) |
| Common stock dividends | (88,885) | (78,917) |
| Distributions to non-controlling interests | (7,336) | (476) |
| Other | (2,750) | (4) |
| Net cash provided by (used in) financing activities | $671,173 | $(333,961) |
| Net (decrease) increase in cash and equivalents | (22,649) | 23,715 |
| Cash and equivalents at beginning of period | 195,498 | 104,167 |
| Cash and equivalents at end of period | $172,849 | $127,882 |
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