Royal Gold Inc.
Cash Flow Statement
| Line Item | FY2025 | FY2024 | FY2023 | FY2022 | FY2021 | FY2020 | FY2019 | FY2018 |
|---|---|---|---|---|---|---|---|---|
| Operating Activities | ||||||||
| Net Income | $466.3M | $332.0M | $239.4M | $239.0M | $274.0M | $199.3M | $93.8M | $-113.1M |
| Depreciation & Amortization | $177.1M | $144.4M | $164.9M | $178.9M | $189.0M | $175.4M | $163.1M | $163.7M |
| Depreciation | — | — | $431.0K | $493.0K | $356.0K | $387.0K | $200.0K | $110.0K |
| Amortization | — | — | — | — | — | — | — | — |
| Stock-Based Compensation | $11.8M | $11.9M | $9.7M | $8.4M | $6.1M | $9.1M | $6.6M | $8.3M |
| Net Cash from Operating Activities | $704.8M | $529.5M | $415.8M | $417.3M | $461.9M | $340.8M | $253.2M | $328.8M |
| Investing Activities | ||||||||
| Capital Expenditures | — | — | — | — | — | — | — | — |
| Business Acquisitions | $411.3M | $0 | $0 | — | — | — | — | — |
| Net Cash from Investing Activities | $-1.42B | $-77.7M | $-2.8M | $-922.9M | $-417.0M | $-152.9M | $-5.6M | $-10.6M |
| Financing Activities | ||||||||
| Dividends Paid | $118.5M | $105.2M | $98.6M | $91.9M | $78.7M | $71.5M | $67.5M | $64.1M |
| Stock Repurchases | — | — | — | — | — | — | — | — |
| Net Cash from Financing Activities | $751.9M | $-360.5M | $-427.4M | $480.6M | $-283.2M | $11.8M | $-216.8M | $-315.3M |
| Net Change in Cash | $38.2M | $91.3M | $-14.4M | $-25.0M | $-238.3M | $199.7M | $30.7M | $2.9M |
| Free Cash Flow | — | — | — | — | — | — | — | — |