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Consolidated Statements of Cash Flows (USD $)
In Thousands
12 Months Ended
Jun. 30, 2011
Jun. 30, 2010
Jun. 30, 2009
Cash flows from operating activities:      
Net income $ 77,299 $ 29,422 $ 41,357
Adjustments to reconcile net income to net cash provided by operating activities:      
Depreciation, depletion and amortization 67,399 53,793 32,578
Gain on distribution to non-controlling interest (3,258) (5,891) (1,924)
Deferred tax expense (benefit) (5,136) (7,536) (2,170)
Non-cash employee stock compensation expense 6,494 7,279 2,921
Gain on royalty restructuring     (33,714)
Tax benefit of stock-based compensation exercises (1,325) (1,638) (334)
Other   371  
Changes in assets and liabilities:      
Royalty receivables (8,465) (19,055) (4,280)
Prepaid expenses and other assets 2,247 4,035 (477)
Accounts payable (930) (10,742) (1,834)
Income taxes (receivable) payable 5,527 (2,697) (147)
Other liabilities 7,105 1,030 (1,929)
Net cash provided by operating activities 146,957 48,371 30,047
Cash flows from investing activities:      
Acquisition of royalty interests in mineral properties (280,009) (232,996) (186,110)
Acquisition of International Royalty Corporation, net of cash acquired   (270,233)  
Acquisition of available for sale securities (28,574)    
Proceeds from royalty restructuring     34,897
Change in restricted cash - compensating balance   19,250 (3,500)
Proceeds on sale of inventory - restricted 5,097 3,647 3,477
Deferred acquisition costs (117) (120) (1,021)
Other (2,660) (86) (284)
Net cash used in investing activities (306,263) (480,538) (152,541)
Cash flows from financing activities:      
Borrowings from credit facilities 19,500 255,000  
Tax benefit of stock-based compensation exercises 1,325 1,638 334
(Prepayment of) borrowings under Chilean loan facility   (19,250) 3,500
Common stock dividends (22,130) (14,628) (10,242)
Repayment of debt (41,900) (36,013)  
Proceeds from foreign exchange contract   4,101  
Distribution to non-controlling interests (7,158) (3,647) (3,477)
Net proceeds from issuance of common stock   276,839 235,707
Debt issuance costs (968) (1,593) (797)
Other (54)    
Net cash (used in) provided by financing activities (51,385) 462,447 225,025
Net (decrease) increase in cash and equivalents (210,691) 30,280 102,531
Cash and equivalents at beginning of period 324,846 294,566 192,035
Cash and equivalents at end of period $ 114,155 $ 324,846 $ 294,566