Royal Gold, Inc. (RGLD)

Royal Gold Cash Flow Statement

Financials in millions USD. Fiscal year is January - December.

Fiscal Year	FY 2025	FY 2024	FY 2023	FY 2022	FY 2021
Period Ending	Dec 31, 2025	Dec 31, 2024	Dec 31, 2023	Dec 31, 2022	Dec 31, 2021
Net Income	466.28	332.02	239.44	238.98	274.04
Depreciation & Amortization	177.08	144.43	164.94	183.22	189.01
Loss (Gain) From Sale of Investments	49.69	0.07	0.15	1.5	-2.51
Stock-Based Compensation	11.81	11.89	9.7	8.41	6.06
Other Operating Activities	-3.93	9.76	-5	-17.9	13.93
Change in Accounts Receivable	-18.12	-14.58	0.52	4.68	-9.77
Change in Inventory	-11.74	-3.19	2.87	-1.05	2.29
Change in Accounts Payable	-36.84	-9.11	4.76	0.21	3.86
Change in Income Taxes	9.79	9.16	-0.12	-1.16	-13.49
Change in Other Net Operating Assets	60.83	49.06	-1.46	0.44	-1.55
Operating Cash Flow	704.85	529.5	415.79	417.35	461.87
Operating Cash Flow Growth	33.12%	27.35%	-0.37%	-9.64%	13.44%
Capital Expenditures	-1,165	-102.56	-2.68	-922.16	-400.38
Cash Acquisitions	-411.34	-	-	-	-
Investment in Securities	149.56	-	-	-	8.65
Other Investing Activities	7.98	24.88	-0.15	-0.72	-0.24
Investing Cash Flow	-1,419	-77.68	-2.83	-922.88	-416.97
Long-Term Debt Issued	1,275	-	-	700	-
Total Debt Issued	1,275	-	-	700	100
Long-Term Debt Repaid	-375	-250	-325	-125	-
Total Debt Repaid	-375	-250	-325	-125	-300
Net Debt Issued (Repaid)	900	-250	-325	575	-200
Issuance of Common Stock	15.33	-	-	-	-
Common Dividends Paid	-118.53	-105.24	-98.57	-91.93	-78.74
Other Financing Activities	-44.87	-5.26	-3.82	-2.51	-4.47
Financing Cash Flow	751.93	-360.49	-427.38	480.57	-283.21
Net Cash Flow	38.22	91.33	-14.42	-24.97	-238.31
Free Cash Flow	-459.91	426.94	413.11	-504.81	61.49
Free Cash Flow Growth	-	3.35%	-	-	-74.27%
Free Cash Flow Margin	-45.01%	59.90%	69.03%	-84.67%	9.53%
Free Cash Flow Per Share	-6.61	6.49	6.28	-7.69	0.94
Cash Interest Paid	19.48	6.59	28.05	7.22	0.3
Cash Income Tax Paid	95.35	72.11	50.3	54.8	24.17
Levered Free Cash Flow	-606.52	313.74	356.53	-552.1	-
Unlevered Free Cash Flow	-591.9	317.67	374.28	-545.85	-
Change in Working Capital	3.92	31.34	6.57	3.12	-18.66

Updated Dec 31, 2025. Source: S&P Global Market Intelligence. Standard template. Financial Sources.

SEC Filings: 10-K · 10-Q