2014 Q1 Form 10-Q Financial Statement

#000110465914033127 Filed on May 01, 2014

View on sec.gov

Income Statement

Concept 2014 Q1 2013 Q1
Revenue $57.75M $74.17M
YoY Change -22.14% 6.5%
Cost Of Revenue $3.700M $2.400M
YoY Change 54.17% -7.69%
Gross Profit $54.10M $71.70M
YoY Change -24.55% 7.01%
Gross Profit Margin 93.68% 96.68%
Selling, General & Admin $3.900M $7.200M
YoY Change -45.83% 63.64%
% of Gross Profit 7.21% 10.04%
Research & Development $0.00
YoY Change
% of Gross Profit 0.0%
Depreciation & Amortization $21.61M $21.65M
YoY Change -0.2% 9.78%
% of Gross Profit 39.94% 30.19%
Operating Expenses $29.13M $31.23M
YoY Change -6.72% 16.78%
Operating Profit $28.61M $42.93M
YoY Change -33.35% 0.09%
Interest Expense -$4.200M -$17.70M
YoY Change -76.27% 1509.09%
% of Operating Profit -14.68% -41.23%
Other Income/Expense, Net
YoY Change
Pretax Income $24.46M $25.18M
YoY Change -2.87% -39.78%
Income Tax $3.980M $18.29M
% Of Pretax Income 16.27% 72.61%
Net Earnings $20.48M $6.897M
YoY Change 196.96% -74.41%
Net Earnings / Revenue 35.47% 9.3%
Basic Earnings Per Share $0.31 $0.10
Diluted Earnings Per Share $0.31 $0.10
COMMON SHARES
Basic Shares Outstanding 64.96M shares 64.84M shares
Diluted Shares Outstanding 65.08M shares 64.99M shares

Balance Sheet

Concept 2014 Q1 2013 Q1
SHORT-TERM ASSETS
Cash & Short-Term Investments $646.1M $673.1M
YoY Change -4.01% 267.21%
Cash & Equivalents $646.1M $673.1M
Short-Term Investments
Other Short-Term Assets $4.100M $6.500M
YoY Change -36.92% 6.56%
Inventory
Prepaid Expenses
Receivables $42.20M $59.00M
Other Receivables $20.00M $10.40M
Total Short-Term Assets $712.4M $749.0M
YoY Change -4.88% 197.81%
LONG-TERM ASSETS
Property, Plant & Equipment $2.133B $2.104B
YoY Change 1.4% 15.31%
Goodwill
YoY Change
Intangibles
YoY Change
Long-Term Investments $7.300M $14.20M
YoY Change -48.59% -30.73%
Other Assets $29.74M $26.68M
YoY Change 11.47% 115.15%
Total Long-Term Assets $2.170B $2.145B
YoY Change 1.19% 15.47%
TOTAL ASSETS
Total Short-Term Assets $712.4M $749.0M
Total Long-Term Assets $2.170B $2.145B
Total Assets $2.883B $2.894B
YoY Change -0.38% 37.21%
SHORT-TERM LIABILITIES
YoY Change
Accounts Payable $2.949M $2.446M
YoY Change 20.56% 11.18%
Accrued Expenses $4.000M
YoY Change
Deferred Revenue
YoY Change
Short-Term Debt $0.00 $0.00
YoY Change
Long-Term Debt Due
YoY Change
Total Short-Term Liabilities $25.54M $21.64M
YoY Change 18.02% -30.63%
LONG-TERM LIABILITIES
Long-Term Debt $309.4M $300.0M
YoY Change 3.15% 203.6%
Other Long-Term Liabilities $2.197M $2.016M
YoY Change 8.98% -90.62%
Total Long-Term Liabilities $311.6M $302.0M
YoY Change 3.19% 151.02%
TOTAL LIABILITIES
Total Short-Term Liabilities $25.54M $21.64M
Total Long-Term Liabilities $311.6M $302.0M
Total Liabilities $522.0M $516.0M
YoY Change 1.16% 57.17%
SHAREHOLDERS EQUITY
Retained Earnings $186.9M $183.6M
YoY Change 1.81%
Common Stock $644.0K $642.0K
YoY Change 0.31%
Preferred Stock
YoY Change
Treasury Stock (at cost)
YoY Change
Treasury Stock Shares
Shareholders Equity $2.343B $2.354B
YoY Change
Total Liabilities & Shareholders Equity $2.883B $2.894B
YoY Change -0.38% 37.21%

Cashflow Statement

Concept 2014 Q1 2013 Q1
OPERATING ACTIVITIES
Net Income $20.48M $6.897M
YoY Change 196.96% -74.41%
Depreciation, Depletion And Amortization $21.61M $21.65M
YoY Change -0.2% 9.78%
Cash From Operating Activities $44.90M $79.00M
YoY Change -43.16% 66.32%
INVESTING ACTIVITIES
Capital Expenditures -$31.60M -$157.0M
YoY Change -79.87% 245.81%
Acquisitions
YoY Change
Other Investing Activities $200.0K $100.0K
YoY Change 100.0% -83.33%
Cash From Investing Activities -$31.40M -$157.0M
YoY Change -80.0% 250.45%
FINANCING ACTIVITIES
Cash Dividend Paid
YoY Change
Common Stock Issuance & Retirement, Net
YoY Change
Debt Paid & Issued, Net
YoY Change
Cash From Financing Activities -26.70M 449.0M
YoY Change -105.95% 428.86%
NET CHANGE
Cash From Operating Activities 44.90M 79.00M
Cash From Investing Activities -31.40M -157.0M
Cash From Financing Activities -26.70M 449.0M
Net Change In Cash -13.20M 371.0M
YoY Change -103.56% 323.52%
FREE CASH FLOW
Cash From Operating Activities $44.90M $79.00M
Capital Expenditures -$31.60M -$157.0M
Free Cash Flow $76.50M $236.0M
YoY Change -67.58% 154.04%

Facts In Submission

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-10246000 USD
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17072000 USD
us-gaap Other Comprehensive Income Unrealized Holding Gain Loss On Securities Arising During Period Net Of Tax
OtherComprehensiveIncomeUnrealizedHoldingGainLossOnSecuritiesArisingDuringPeriodNetOfTax
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us-gaap Other Comprehensive Income Loss Reclassification Adjustment From Aoci For Sale Of Securities Net Of Tax
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us-gaap Comprehensive Income Net Of Tax Attributable To Noncontrolling Interest
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ComprehensiveIncomeNetOfTax
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us-gaap Cost Of Gold Products And Services
CostOfGoldProductsAndServices
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CY2012Q2 us-gaap Cash And Cash Equivalents At Carrying Value
CashAndCashEquivalentsAtCarryingValue
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us-gaap Net Cash Provided By Used In Operating Activities Continuing Operations
NetCashProvidedByUsedInOperatingActivitiesContinuingOperations
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us-gaap Net Cash Provided By Used In Investing Activities Continuing Operations
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-79465000 USD
us-gaap Share Based Compensation
ShareBasedCompensation
5808000 USD
rgld Gain On Distribution To Noncontrolling Interest
GainOnDistributionToNoncontrollingInterest
162000 USD
us-gaap Amortization Of Debt Discount Premium
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6713000 USD
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DeferredTaxExpenseFromStockOptionsExercised
-1214000 USD
us-gaap Deferred Income Tax Expense Benefit
DeferredIncomeTaxExpenseBenefit
-5832000 USD
us-gaap Increase Decrease In Receivables
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5073000 USD
us-gaap Increase Decrease In Prepaid Deferred Expense And Other Assets
IncreaseDecreaseInPrepaidDeferredExpenseAndOtherAssets
4223000 USD
us-gaap Increase Decrease In Accounts Payable
IncreaseDecreaseInAccountsPayable
-581000 USD
rgld Increase Decrease In Foreign Withholding Taxes Payable
IncreaseDecreaseInForeignWithholdingTaxesPayable
-20000 USD
us-gaap Increase Decrease In Accrued Income Taxes Payable
IncreaseDecreaseInAccruedIncomeTaxesPayable
-1349000 USD
us-gaap Increase Decrease In Other Operating Liabilities
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2307000 USD
us-gaap Net Cash Provided By Used In Operating Activities Continuing Operations
NetCashProvidedByUsedInOperatingActivitiesContinuingOperations
132513000 USD
us-gaap Payments To Acquire Royalty Interests In Mining Properties
PaymentsToAcquireRoyaltyInterestsInMiningProperties
277081000 USD
us-gaap Proceeds From Issuance Of Common Stock
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561000 USD
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PaymentsForProceedsFromOtherInvestingActivities
-182000 USD
us-gaap Net Cash Provided By Used In Investing Activities Continuing Operations
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us-gaap Proceeds From Issuance Of Common Stock
ProceedsFromIssuanceOfCommonStock
473771000 USD
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PaymentsOfDividendsCommonStock
30925000 USD
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PaymentsToMinorityShareholders
2027000 USD
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1214000 USD
us-gaap Net Cash Provided By Used In Financing Activities Continuing Operations
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442033000 USD
us-gaap Net Cash Provided By Used In Continuing Operations
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297647000 USD
CY2014Q1 us-gaap Assets
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2882831000 USD
us-gaap Share Based Compensation
ShareBasedCompensation
1289000 USD
rgld Gain On Distribution To Noncontrolling Interest
GainOnDistributionToNoncontrollingInterest
259000 USD
us-gaap Amortization Of Debt Discount Premium
AmortizationOfDebtDiscountPremium
7138000 USD
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DeferredIncomeTaxExpenseBenefit
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us-gaap Increase Decrease In Receivables
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-8175000 USD
CY2014Q1 us-gaap Dividends Payable Current
DividendsPayableCurrent
13673000 USD
CY2014Q1 rgld Foreign Withholding Taxes Payable Current
ForeignWithholdingTaxesPayableCurrent
3984000 USD
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OtherLiabilitiesCurrent
4938000 USD
CY2014Q1 us-gaap Deferred Tax Liabilities Noncurrent
DeferredTaxLiabilitiesNoncurrent
161277000 USD
CY2014Q1 us-gaap Liability For Uncertain Tax Positions Noncurrent
LiabilityForUncertainTaxPositionsNoncurrent
23590000 USD
CY2014Q1 us-gaap Common Stock Value
CommonStockValue
644000 USD
CY2014Q1 us-gaap Common Stock Other Value Outstanding
CommonStockOtherValueOutstanding
23344000 USD
CY2014Q1 us-gaap Additional Paid In Capital
AdditionalPaidInCapital
2138899000 USD
CY2014Q1 us-gaap Accumulated Other Comprehensive Income Loss Available For Sale Securities Adjustment Net Of Tax
AccumulatedOtherComprehensiveIncomeLossAvailableForSaleSecuritiesAdjustmentNetOfTax
-6987000 USD
CY2014Q1 us-gaap Retained Earnings Accumulated Deficit
RetainedEarningsAccumulatedDeficit
186915000 USD
CY2014Q1 us-gaap Minority Interest
MinorityInterest
18007000 USD
CY2014Q1 us-gaap Cost Of Gold Products And Services
CostOfGoldProductsAndServices
1940000 USD
CY2014Q1 us-gaap General And Administrative Expense
GeneralAndAdministrativeExpense
3866000 USD
us-gaap General And Administrative Expense
GeneralAndAdministrativeExpense
15093000 USD
CY2014Q1 us-gaap Taxes Excluding Income And Excise Taxes
TaxesExcludingIncomeAndExciseTaxes
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us-gaap Taxes Excluding Income And Excise Taxes
TaxesExcludingIncomeAndExciseTaxes
5110000 USD
CY2014Q1 us-gaap Depreciation Depletion And Amortization
DepreciationDepletionAndAmortization
21605000 USD
us-gaap Depreciation Depletion And Amortization
DepreciationDepletionAndAmortization
66676000 USD
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InterestAndOtherIncome
1788000 USD
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InterestAndOtherIncome
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InterestAndOtherExpense
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us-gaap Other Comprehensive Income Unrealized Holding Gain Loss On Securities Arising During Period Net Of Tax
OtherComprehensiveIncomeUnrealizedHoldingGainLossOnSecuritiesArisingDuringPeriodNetOfTax
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CY2014Q1 us-gaap Net Income Loss Attributable To Noncontrolling Interest
NetIncomeLossAttributableToNoncontrollingInterest
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535000 USD
CY2014Q1 us-gaap Comprehensive Income Net Of Tax Attributable To Noncontrolling Interest
ComprehensiveIncomeNetOfTaxAttributableToNoncontrollingInterest
338000 USD
us-gaap Comprehensive Income Net Of Tax Attributable To Noncontrolling Interest
ComprehensiveIncomeNetOfTaxAttributableToNoncontrollingInterest
535000 USD
CY2014Q1 us-gaap Common Stock Dividends Per Share Declared
CommonStockDividendsPerShareDeclared
0.21
us-gaap Increase Decrease In Prepaid Deferred Expense And Other Assets
IncreaseDecreaseInPrepaidDeferredExpenseAndOtherAssets
-12329000 USD
us-gaap Increase Decrease In Accounts Payable
IncreaseDecreaseInAccountsPayable
194000 USD
rgld Increase Decrease In Foreign Withholding Taxes Payable
IncreaseDecreaseInForeignWithholdingTaxesPayable
-11533000 USD
us-gaap Increase Decrease In Accrued Income Taxes Payable
IncreaseDecreaseInAccruedIncomeTaxesPayable
-4551000 USD
us-gaap Increase Decrease In Other Operating Liabilities
IncreaseDecreaseInOtherOperatingLiabilities
2411000 USD
us-gaap Payments To Acquire Royalty Interests In Mining Properties
PaymentsToAcquireRoyaltyInterestsInMiningProperties
79692000 USD
us-gaap Payments For Proceeds From Other Investing Activities
PaymentsForProceedsFromOtherInvestingActivities
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PaymentsOfDividendsCommonStock
39706000 USD
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PaymentsToMinorityShareholders
1913000 USD
us-gaap Excess Tax Benefit From Share Based Compensation Financing Activities
ExcessTaxBenefitFromShareBasedCompensationFinancingActivities
320000 USD
rgld Payment To Acquire Royalty Interest From Noncontrolling Interest
PaymentToAcquireRoyaltyInterestFromNoncontrollingInterest
11522000 USD
us-gaap Payments Of Debt Issuance Costs
PaymentsOfDebtIssuanceCosts
1284000 USD

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