SEGMENT INFORMATION (Tables)

12 Months Ended

Jun. 30, 2019

SEGMENT INFORMATION

Schedule of geographical distribution of long-lived assets

Royal Gold’s long‑lived assets (stream and royalty interests, net) as of June 30, 2019 and 2018 are geographically distributed as shown in the following table (amounts in thousands):

	As of June 30, 2019						As of June 30, 2018
					Total stream								Total stream
	Stream		Royalty		and royalty		Stream		Royalty				and royalty
	interest		interest		interests, net		interest		interest		Impairments		interests, net
Canada	$	767,749	$	200,251	$	968,000	$	809,500	$	214,562	$	(284)	$	1,023,778
Dominican Republic		451,585		—		451,585		495,460		—		—		495,460
Chile		301,507		214,226		515,733		328,331		453,306		(239,080)		542,557
Africa		89,555		321		89,876		104,874		502		—		105,376
Mexico		—		83,748		83,748		—		93,277		—		93,277
United States		—		163,398		163,398		—		165,543		—		165,543
Australia		—		31,944		31,944		—		34,254		—		34,254
Rest of world		12,039		22,993		35,032		12,039		28,833		—		40,872
Total	$	1,622,435	$	716,881	$	2,339,316	$	1,750,204	$	990,277	$	(239,364)	$	2,501,117

Schedule of reportable segments for assessing performance

The Company’s reportable segments for purposes of assessing performance are shown below (amounts in thousands):

	Fiscal Year Ended June 30, 2019
	Revenue		Cost of sales		Production taxes		Depletion		Segment gross profit
Stream interests	$	305,824	$	77,535	$	—	$	127,770	$	100,519
Royalty interests		117,232		—		4,112		35,086		78,034
Total	$	423,056	$	77,535	$	4,112	$	162,856	$	178,553

	Fiscal Year Ended June 30, 2018
	Revenue		Cost of sales		Production taxes		Depletion		Segment gross profit
Stream interests	$	324,516	$	83,839	$	—	$	129,662	$	111,015
Royalty interests		134,526		—		2,268		33,924		98,334
Total	$	459,042	$	83,839	$	2,268	$	163,586	$	209,349

	Fiscal Year Ended June 30, 2017
	Revenue		Cost of sales		Production taxes		Depletion		Segment gross profit
Stream interests	$	314,011	$	87,265	$	—	$	121,530	$	105,216
Royalty interests		126,803		—		1,760		38,023		87,020
Total	$	440,814	$	87,265	$	1,760	$	159,553	$	192,236

Schedule of reconciliation of segment gross profit to consolidated income (loss)

A reconciliation of total segment gross profit to the consolidated Income (loss) before income taxes is shown below (amounts in thousands):

	Fiscal Year Ended June 30,
		2019		2018		2017
Total segment gross profit	$	178,553	$	209,349	$	192,236
Costs and expenses
General and administrative expenses		30,488		35,464		33,350
Exploration costs		7,158		8,946		12,861
Depreciation		200		110		83
Impairment of royalty interests		—		239,364		—
Operating income (loss)		140,707		(74,535)		145,942
Fair value changes in equity securities		(6,800)		—		—
Interest and other income		2,320		4,170		9,302
Interest and other expense		(29,650)		(34,214)		(36,378)
Income (loss) before income taxes	$	106,577	$	(104,579)	$	118,866

Schedule of revenue by reportable segment

The Company’s revenue by reportable segment for the fiscal year’s ended June 30, 2019, 2018 and 2017 is geographically distributed as shown in the following table (amounts in thousands):

	Fiscal Year Ended June 30,
	2019		2018		2017
Stream interests:
Canada	$	123,152	$	142,244	$	136,736
Dominican Republic		82,844		95,055		91,589
Chile		69,264		57,413		60,251
Africa		30,564		29,804		25,435
Total stream interests	$	305,824	$	324,516	$	314,011
Royalty interests:
United States	$	34,845	$	39,496	$	35,282
Canada		32,602		24,254		23,208
Mexico		27,224		42,959		41,945
Australia		12,806		13,710		12,943
Africa		1,416		2,098		3,131
Chile		—		473		1,648
Rest of world		8,339		11,536		8,646
Total royalty interests	$	117,232	$	134,526	$	126,803
Total revenue	$	423,056	$	459,042	$	440,814