Royal Gold, Inc. (RGLD) quarterly cash flow statement — complete operating, investing & financing history
| Metric | Q1'26 | Q4'25 | Q3'25 | Q2'25 | Q1'25 | Q4'24 | Q3'24 | Q2'24 | Q1'24 | Q4'23 | Q3'23 | Q2'23 | Q1'23 | Q4'22 | Q3'22 | Q2'22 | Q1'22 | Q4'21 | Q3'21 | Q2'21 |
|---|
| Cash from Operations | 293.56M | 241.71M | 173.97M | 152.8M | 136.37M | 141.05M | 136.65M | 113.52M | 138.28M | 101.09M | 98.12M | 107.93M | 108.66M | 101.03M | 94.99M | 120.2M | 101.13M | 120.85M | 129.88M | 120.85M |
| Operating CF Margin % | 62.58% | 64.4% | 69.02% | 72.89% | 71.15% | 69.64% | 71.06% | 65.8% | 93.78% | 66.22% | 71.65% | 75.6% | 64.52% | 62.86% | 72.9% | 82.88% | 63.16% | 72.73% | 74.46% | 71.92% |
| Operating CF Growth % | 115.27% | 71.36% | 27.31% | 34.61% | -1.38% | 39.53% | 39.27% | 5.18% | 27.27% | 0.06% | 3.3% | -10.21% | 7.44% | -16.41% | -26.87% | -0.54% | 9.65% | 20.96% | 37.95% | 32% |
| Net Income | 281.13M | 199.04M | 126.82M | 132.35M | 113.5M | 107.41M | 96.24M | 81.21M | 47.17M | 62.78M | 49.34M | 63.45M | 63.88M | 56.37M | 45.79M | 71.14M | 65.67M | 81.68M | 70.47M | 81.68M |
| Depreciation & Amortization | 90.88M | 80.03M | 32.9M | 31.15M | 32.99M | 33.74M | 36.18M | 35.75M | 38.77M | 40.09M | 40.11M | 38.41M | 46.33M | 49.2M | 37.76M | 43.99M | 47.99M | 48.03M | 41.3M | 48.03M |
| Stock-Based Compensation | 0 | 2.95M | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 1.5M | 0 |
| Deferred Taxes | -27.76M | 4.16M | 2.93M | -2.19M | -8.83M | 3.45M | 1.49M | 2.77M | 648K | -458K | 1.13M | -8.23M | 1.09M | -2.08M | 10.36M | -28.8M | 688K | 9.51M | -396K | 9.51M |
| Other Non-Cash Items | -14.37M | 56.37M | 3.31M | 3.06M | 3.54M | 2.94M | 3.72M | 3.78M | 2.91M | 2.7M | 3.53M | 2.83M | 2.25M | 6.92M | 2.12M | 5.06M | 2.04M | 67K | 9.98M | 67K |
| Working Capital Changes | -36.31M | -100.85M | 7.99M | -11.57M | -4.83M | -6.48M | -981K | -9.99M | 48.8M | -4.02M | 4.02M | 11.46M | -4.89M | -9.38M | -1.04M | 28.81M | -15.26M | -18.43M | 7.03M | -18.43M |
| Change in Receivables | -29.96M | -7.78M | -11.94M | -19.47M | 5.5M | -4.29M | -14.33M | -4.11M | 9.69M | -2.58M | -2.92M | 2.6M | 3.81M | -8.94M | 1.05M | 13.34M | 1.09M | 8.34M | -5.28M | 8.34M |
| Change in Inventory | -4.98M | -3.7M | -7.67M | 1.22M | -1.58M | -1.35M | -716K | 513K | -1.63M | 63K | 807K | 942K | 1.06M | 1.03M | -519K | -4.68M | 3.12M | -3.19M | 5.46M | -3.19M |
| Change in Payables | -2.79M | -40.55M | 541K | 3.04M | 135K | -10.92M | 18K | 1.63M | 158K | 2.82M | 74K | 700K | 1.17M | -646K | 265K | 800K | -208K | 1.99M | -927K | 1.99M |
| Cash from Investing | 34.11M | -261.6M | -985.91M | -112.75M | -58.3M | -46.91M | -3.43M | -50.93M | 23.59M | -2K | -6K | -2.62M | -197K | -206.37M | -678.63M | -66K | -37.81M | -95.1M | -272.73M | -95.1M |
| Capital Expenditures | 0 | 0 | -993.5M | -112.73M | -58.25M | -46.88M | -3.43M | -51.15M | -1.1M | 0 | -8K | -2.67M | 0 | -206.33M | -677.99M | -41K | -37.8M | -85.66M | -265M | -85.66M |
| CapEx % of Revenue | - | - | 394.14% | 53.77% | 30.39% | 23.14% | 1.78% | 29.65% | 0.75% | - | 0.01% | 1.87% | - | 128.37% | 520.29% | 0.03% | 23.61% | 51.55% | 151.92% | 50.98% |
| Acquisitions | 0 | -411.34M | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| Investments | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - |
| Other Investing | -166K | -9.14M | 7.59M | -21K | -49K | -25K | -6K | 220K | 24.7M | 105K | 2K | -61K | -197K | -45K | -640K | -25K | -11K | -18.09M | -7.73M | -18.09M |
| Cash from Financing | -327.25M | 80.76M | 736.61M | -32.63M | -32.81M | -26.53M | -79.57M | -126.3M | -128.09M | -99.82M | -101.37M | -125.96M | -100.23M | 101.69M | 425.26M | -23.22M | -23.17M | -170.1M | 77.14M | -170.1M |
| Debt Issued (Net) | -300M | 0 | 775M | 0 | 0 | 0 | -50M | -100M | -100M | -75M | -75M | -100M | -75M | 125M | 450M | - | - | -150M | 100M | -150M |
| Equity Issued (Net) | 14.6M | -176K | -357K | -1.49M | -3.01M | -56K | -3.13M | -63K | -1.37M | -10K | -1.63M | 650K | -397K | -9K | -1.55M | -33K | 141K | -40K | -909K | -40K |
| Dividends Paid | -40.19M | -29.64M | -29.64M | -29.63M | -29.61M | -26.32M | -26.31M | -26.31M | -26.29M | -24.65M | -24.65M | -24.64M | -24.63M | -22.99M | -22.98M | -22.98M | -22.98M | -19.68M | -19.68M | -19.68M |
| Share Repurchases | -5.58M | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | -909K | 0 |
| Other Financing | -1.66M | 110.4M | -8.39M | -1.51M | -190K | -155K | -122K | 73K | -431K | -161K | -99K | -1.97M | -202K | -311K | -210K | -212K | -329K | -377K | -2.27M | -377K |
| Net Change in Cash | 423K | 60.87M | -75.33M | 7.42M | 45.26M | 67.62M | 53.65M | -63.72M | 33.78M | 1.27M | -3.26M | -20.66M | 8.23M | -3.65M | -158.38M | 96.91M | -42.21M | -144.34M | -65.71M | -144.34M |
| Free Cash Flow | 293.56M | 241.71M | -819.53M | 40.07M | 78.12M | 94.17M | 133.22M | 62.36M | 137.18M | 101.09M | 98.11M | 105.26M | 108.66M | -105.3M | -583M | 120.16M | 63.33M | 35.19M | -135.12M | 35.19M |
| FCF Margin % | 62.58% | 64.4% | -325.12% | 19.11% | 40.76% | 46.49% | 69.27% | 36.15% | 93.03% | 66.22% | 71.64% | 73.73% | 64.52% | -65.52% | -447.39% | 82.86% | 39.55% | 21.18% | -77.46% | 20.95% |
| FCF Growth % | 275.77% | 156.66% | -715.15% | -35.75% | -43.05% | -6.84% | 35.78% | -40.75% | 26.25% | 196% | 116.83% | -12.4% | 71.56% | -399.2% | -331.48% | 241.41% | 8.12% | -43.58% | -263.09% | -18.96% |
| FCF per Share | 3.45 | 3.00 | -12.45 | 0.61 | 1.19 | 1.43 | 2.02 | 0.95 | 2.09 | 1.54 | 1.49 | 1.60 | 1.65 | -1.60 | -8.88 | 1.83 | 0.96 | 0.54 | -2.06 | 0.54 |
| FCF Conversion (FCF/Net Income) | 1.04x | 2.58x | 1.37x | 1.15x | 1.20x | 1.31x | 1.42x | 1.40x | 2.93x | 1.61x | 1.99x | 1.70x | 1.70x | 1.79x | 2.07x | 1.69x | 1.54x | 1.77x | 1.85x | 1.48x |
| Interest Paid | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | - | - | - | - | - | - | - | - | - | - | - |
| Taxes Paid | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | - | - | - | - | - | - | - | - | - | - | - |