XML 20 R5.htm IDEA: XBRL DOCUMENT v3.8.0.1
Consolidated Statements of Cash Flows - USD ($)
$ in Thousands
9 Months Ended
Mar. 31, 2018
Mar. 31, 2017
Cash flows from operating activities:    
Net (loss) income $ (143,359) $ 75,588
Adjustments to reconcile net (loss) income to net cash provided by operating activities:    
Depreciation, depletion and amortization 121,380 119,785
Amortization of debt discount and issuance costs 11,200 10,202
Non-cash employee stock compensation expense 5,958 6,758
Impairment of royalty interests 239,364  
Deferred tax benefit (31,583) (6,266)
Other (199) (4,638)
Changes in assets and liabilities:    
Royalty receivables (909) (1,367)
Stream inventory (4,816) 2,865
Income tax receivable 21,020 (6,117)
Prepaid expenses and other assets 3,224 (743)
Accounts payable (939) (1,641)
Income tax payable 6,779 (422)
Withholding taxes payable 227 (5,449)
Uncertain tax positions 10,989 7,341
Other liabilities 13,473 5,036
Net cash provided by operating activities 251,809 200,932
Cash flows from investing activities:    
Acquisition of stream and royalty interests (1,012) (203,721)
Other (1,251) 1,503
Net cash used in investing activities (2,263) (202,218)
Cash flows from financing activities:    
Borrowings from revolving credit facility   70,000
Repayment of revolving credit facility (175,000) (45,000)
Net payments from issuance of common stock (3,502) (2,618)
Common stock dividends (47,755) (45,715)
Purchase of additional royalty interest from non-controlling interest   (1,462)
Other 240 (2,462)
Net cash used in financing activities (226,017) (27,257)
Net increase (decrease) in cash and equivalents 23,529 (28,543)
Cash and equivalents at beginning of period 85,847 116,633
Cash and equivalents at end of period $ 109,376 $ 88,090