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Consolidated Statements of Cash Flows
$ in Thousands
12 Months Ended
Jun. 30, 2021
USD ($)
Cash flows from operating activities:  
Net income and comprehensive income $ 302,776
Adjustments to reconcile net income and comprehensive income to net cash provided by operating activities:  
Depreciation, depletion and amortization 183,569
Amortization of debt issuance costs 1,148
Gain on sale of Peak Gold JV interest (33,906)
Non-cash employee stock compensation expense 5,730
Fair value changes in equity securities (6,017)
Deferred tax expense (benefit) 456
Other (177)
Changes in assets and liabilities:  
Royalty receivables (19,552)
Stream inventory (6,014)
Income tax receivable (2,085)
Prepaid expenses and other assets 318
Accounts payable 3,237
Income tax payable 1,156
Uncertain tax positions (24,518)
Other liabilities 1,030
Net cash provided by operating activities 407,151
Cash flows from investing activities:  
Acquisition of stream and royalty interests (168,147)
Khoemacau subordinated debt facility (18,000)
Proceeds from sale of Peak Gold JV interest 49,154
Proceeds from sale of Contango shares 12,146
Proceeds from sale of equity securities 8,651
Other (541)
Net cash used in investing activities (116,737)
Cash flows from financing activities:  
Repayment of debt (305,000)
Net payments from issuance of common stock (1,465)
Common stock dividends (76,099)
Other (1,062)
Net cash (used in) provided by financing activities (383,626)
Net (decrease) increase in cash and equivalents (93,212)
Cash and equivalents at beginning of period 319,128
Cash and equivalents at end of period $ 225,916