RGLD FY 2019 Earnings Report — Royal Gold, Inc. Revenue & Financial Results | Market Cap Arena

Royal Gold, Inc.RGLD

FY 2019 Earnings

Reported August 5, 2020

Quarter Comparison

Revenue

Operating Income

Gross Margin

Net Margin

EPS (Diluted)

Free Cash Flow

Metric	FY 2019	Prior Q	FY 2018	QoQ Change	YoY Change
Revenue	$495M	—	$419M	—	18.2%
Op. Income	$199M	—	$141M	—	41.4%
Gross Margin	83.1%	—	81.5%	—	1.6pp
Net Margin	40.3%	—	22.4%	—	17.9pp
EPS (Diluted)	$3.03	—	$1.43	—	111.9%
Free Cash Flow	$185M	—	$252M	—	-26.7%

Revenue Flow

Item	Amount
REVENUE	$495M
Cost of Revenue	$84M
GROSS PROFIT	$411M
R&D Expenses	$0
Selling & Marketing	$5M
General & Administrative	$30M
SG&A Expenses	$35M
Other Expenses	$177M
Operating Expenses	$212M
Cost & Expenses	$296M
OPERATING INCOME	$199M
Interest Income	$2M
Interest Expense	$7M
Other Income/Expenses	-$6M
INCOME BEFORE TAX	$193M
Income Tax Expense	-$4M
Net Income from Continuing Ops	$196M
Net Income from Discontinued Ops	$0
Other Adjustments	$0
NET INCOME	$199M
Net Income Deductions	$0
BOTTOM LINE NET INCOME	$199M
D&A	$177M
EBIT	$199M
EBITDA	$376M
EPS	$3
EPS Diluted	$3

Income Statement

Item	Amount
REVENUE	$495M
Cost of Revenue	$84M
GROSS PROFIT	$411M
R&D Expenses	$0
Selling & Marketing	$5M
General & Administrative	$30M
SG&A Expenses	$35M
Other Expenses	$177M
Operating Expenses	$212M
Cost & Expenses	$296M
OPERATING INCOME	$199M
Interest Income	$2M
Interest Expense	$7M
Other Income/Expenses	-$6M
INCOME BEFORE TAX	$193M
Income Tax Expense	-$4M
Net Income from Continuing Ops	$196M
Net Income from Discontinued Ops	$0
Other Adjustments	$0
NET INCOME	$199M
Net Income Deductions	$0
BOTTOM LINE NET INCOME	$199M
D&A	$177M
EBIT	$199M
EBITDA	$376M
EPS	$3
EPS Diluted	$3

Cash Flow Statement

Item	Amount
Net Income	$199M
Depreciation & Amortization	$175M
Stock-Based Compensation	$0
Deferred Income Tax	-$32M
Other Non-Cash Items	$7M
Change in Working Capital	-$9M
OPERATING CASH FLOW	$341M
Capital Expenditure	-$156M
Acquisitions (Net)	$4M
Purchases of Investments	-$461.0K
Sales/Maturities of Investments	$0
Other Investing Activities	$4M
NET CASH FROM INVESTING	-$149M
Net Debt Issuance	$85M
Common Stock Repurchased	$0
Common Dividends Paid	-$71M
Other Financing Activities	-$1M
NET CASH FROM FINANCING	$8M
FREE CASH FLOW	$185M
Net Change in Cash	$200M

Balance Sheet

Item	Amount
Cash & Equivalents	$319M
Short-Term Investments	$0
Net Receivables	$30M
Inventory	$12M
Other Current Assets	$0
TOTAL CURRENT ASSETS	$362M
PP&E (Net)	$2.3B
Goodwill	$0
Intangible Assets	$0
Long-Term Investments	$0
Tax Assets	$0
Other Non-Current Assets	$85M
TOTAL NON-CURRENT ASSETS	$2.4B
TOTAL ASSETS	$2.8B
Account Payables	$2M
Short-Term Debt	$0
Deferred Revenue	$0
Other Current Liabilities	$9M
TOTAL CURRENT LIABILITIES	$44M
Long-Term Debt	$300M
Deferred Revenue NC	$0
Deferred Tax Liabilities	$86M
Other Non-Current Liabilities	$34M
TOTAL NON-CURRENT LIABILITIES	$421M
TOTAL LIABILITIES	$464M
Common Stock	$655.0K
Additional Paid-In Capital	$2.2B
Retained Earnings	$61M
Treasury Stock	$0
Accum. Other Comp. Income	$0
Other Equity	$0
TOTAL STOCKHOLDERS' EQUITY	$2.3B
Minority Interest	$30M
TOTAL EQUITY	$2.3B
TOTAL LIABILITIES & EQUITY	$2.8B
Total Debt	$300M
Net Debt	-$19M