XML 16 R5.htm IDEA: XBRL DOCUMENT v3.3.1.900
Consolidated Statements of Cash Flows - USD ($)
$ in Thousands
6 Months Ended
Dec. 31, 2015
Dec. 31, 2014
Cash flows from operating activities:    
Net (loss) income $ (31,023) $ 12,596
Adjustments to reconcile net (loss) income to net cash provided by operating activities:    
Depreciation, depletion and amortization 67,555 42,490
Non-cash employee stock compensation expense 5,449 2,824
Amortization of debt discount 5,383 5,013
Impairment of royalty and stream interests   28,339
Tax expense (benefit) of stock-based compensation exercises 247 (74)
Deferred tax benefit (11,767) (17,103)
Other (390)  
Changes in assets and liabilities:    
Royalty receivables 14,768 9,340
Stream inventory (6,002) 1,308
Prepaid expenses and other assets 3,100 2,036
Accounts payable (2,092) (1,182)
Foreign withholding taxes payable (199) (1,999)
Income taxes receivable 3,530 (1,778)
Uncertain tax positions 806 1,027
Other liabilities 5,231 (563)
Net cash provided by operating activities 54,596 82,274
Cash flows from investing activities:    
Acquisition of royalty and stream interests (1,324,984) (38,734)
Andacollo royalty termination 345,000  
Golden Star term loan (20,000)  
Other (271) (517)
Net cash used in investing activities (1,000,255) (39,251)
Cash flows from financing activities:    
Borrowings from revolving credit facility 350,000  
Net proceeds from issuance of common stock   775
Common stock dividends (28,699) (27,369)
Distribution to non-controlling interests (636) (911)
Tax (benefit) expense of stock-based compensation exercises (247) 74
Other (8)  
Net cash provided by (used in) financing activities 320,410 (27,431)
Net (decrease) increase in cash and equivalents (625,249) 15,592
Cash and equivalents at beginning of period 742,849 659,536
Cash and equivalents at end of period $ 117,600 $ 675,128