Royal Gold Earnings 2019-12-31

RGLD 10Q Quarterly Report

Balance Sheet	Income Statement	Cash Flow

Comparables ($MM TTM)
Ticker	M Cap	Assets	Liab	Rev	G Profit	Net Inc	EBITDA	EV	G Margin	EV/EBITDA	ROA
AEM	6,846	5,256	1,846	0	0	0	0	7,378			0%
RGLD	8,241	2,548	326	442	154	149	298	8,289	35%	27.8	6%
SBGL	5,530	84,923		0	0	0	0	2,981			0%
AU	5,102	6,643	3,949	0	0	0	0	4,790			0%
BVN	4,371	4,217	1,188	0	0	0	0	4,371			0%
CLF	2,052	3,491	3,131	2,152	651	839	925	3,890	30%	4.2	24%
GFI	2,826	6,104	3,397	0	0	0	0	2,426			0%
NEXA	1,577	5,735	2,834	0	0	0	0	1,257			0%
NG	2,038	250	106	0	0	-26	-20	2,086		-106.0	-10%
CDE	1,229	1,690	759	660	-10	-70	103	1,438	-1%	13.9	-4%

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UNITED STATES
SECURITIES AND EXCHANGE COMMISSION

Washington, D.C. 20549

FORM 10-Q

(Mark One)


☒	QUARTERLY REPORT PURSUANT TO SECTION 13 OR 15(d) OF THE SECURITIES EXCHANGE ACT OF 1934

For the Quarterly Period Ended December 31, 2019


☐	TRANSITION REPORT PURSUANT TO SECTION 13 OR 15(d) OF THE SECURITIES EXCHANGE ACT OF 1934

For the transition period from to

Commission File Number: 001-13357

Royal Gold, Inc.

(Exact Name of Registrant as Specified in Its Charter)

Delaware		84-0835164
(State or Other Jurisdiction of		(I.R.S. Employer
Incorporation)		Identification No.)

1144 15^th Street, Suite 2500
Denver, Colorado		80202
(Address of Principal Executive Offices)		(Zip Code)

Registrant’s telephone number, including area code (303) 573-1660

1660 Wynkoop Street, Suite 1000, Denver, Colorado 80202

(Former address if changed since last report)

Securities registered pursuant to Section 12(b) of the Act:


Title of Each Class	Trading Symbol	Name of the Exchange on which Registered
Common Stock, $0.01 par value	RGLD	Nasdaq Global Select Market

Securities registered pursuant to Section 12(g) of the Act: None

Indicate by check mark whether the registrant (1) has filed all reports required to be filed by Section 13 or 15(d) of the Securities Exchange Act of 1934 during the preceding 12 months (or for such shorter period that the registrant was required to file such reports), and (2) has been subject to such filing requirements for the past 90 days. Yes ☒ No ☐

Indicate by check mark whether the registrant has submitted electronically every Interactive Data File required to be submitted pursuant to Rule 405 of Regulation S-T (§232.405 of this chapter) during the preceding 12 months (or for such shorter period that the registrant was required to submit such files) Yes ☒ No ☐

Indicate by check mark whether the registrant is a large accelerated filer, an accelerated filer, a non-accelerated filer, smaller reporting company, or an emerging growth company. See the definitions of “large accelerated filer,” “accelerated filer,” “smaller reporting company,” and “emerging growth company” in Rule 12b-2 of the Exchange Act.

Large accelerated filer ☒	Accelerated filer ☐
Non-accelerated filer ☐	Smaller reporting company ☐
Emerging growth company ☐

If an emerging growth company, indicate by check mark if the registrant has elected not to use the extended transition period for complying with any new or revised financial accounting standards provided pursuant to Section 13(a) of the Exchange Act. ☐

Indicate by check mark whether the registrant is a shell company (as defined in Rule 12b-2 of the Exchange Act). Yes ☐ No ☒

There were 65,572,978 shares of the Company’s common stock, par value $0.01 per share, outstanding as of January 30, 2020.

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INDEX

		PAGE

PART I	FINANCIAL INFORMATION

Item 1.	Financial Statements (Unaudited)

	Consolidated Balance Sheets	3
	Consolidated Statements of Operations and Comprehensive Income	4
	Consolidated Statements of Changes in Stockholders’ Equity	5
	Consolidated Statements of Cash Flows	6
	Notes to Consolidated Financial Statements	7

Item 2.	Management’s Discussion and Analysis of Financial Condition and Results of Operations	20

Item 3.	Quantitative and Qualitative Disclosures about Market Risk	34

Item 4.	Controls and Procedures	34

PART II	OTHER INFORMATION

Item 1.	Legal Proceedings	35

Item 1A.	Risk Factors	35

Item 2.	Unregistered Sales of Equity Securities and Use of Proceeds	35

Item 3.	Defaults Upon Senior Securities	35

Item 4.	Mine Safety Disclosure	35

Item 5.	Other Information	35

Item 6.	Exhibits	36

SIGNATURES		36

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ITEM 1. FINANCIAL STATEMENTS

ROYAL GOLD, INC.

Consolidated Balance Sheets

(Unaudited, amounts in thousands except share data)


	December 31,		June 30,
	2019		2019
ASSETS
Cash and equivalents	$	80,504	$	119,475
Royalty receivables		28,446		20,733
Income tax receivable		9,671		2,702
Stream inventory		15,336		11,380
Prepaid expenses and other		2,485		389
Total current assets		136,442		154,679
Stream and royalty interests, net (Note 3)		2,333,091		2,339,316
Other assets		85,103		50,156
Total assets	$	2,554,636	$	2,544,151
LIABILITIES
Accounts payable	$	3,170	$	2,890
Dividends payable		18,354		17,372
Income tax payable		14,366		6,974
Other current liabilities		8,240		6,374
Total current liabilities		44,130		33,610
Debt (Note 5)		129,869		214,554
Deferred tax liabilities		87,352		88,961
Uncertain tax positions		39,804		36,573
Other long-term liabilities		6,267		-
Total liabilities		307,422		373,698
Commitments and contingencies (Note 12)
EQUITY
Preferred stock, $.01 par value, 10,000,000 shares authorized; and 0 shares issued		—		—
Common stock, $.01 par value, 200,000,000 shares authorized; and 65,496,004 and 65,440,492 shares outstanding, respectively		655		655
Additional paid-in capital		2,205,364		2,201,773
Accumulated earnings (losses)		10,290		(65,747)
Total Royal Gold stockholders’ equity		2,216,309		2,136,681
Non-controlling interests		30,905		33,772
Total equity		2,247,214		2,170,453
Total liabilities and equity	$	2,554,636	$	2,544,151

The accompanying notes are an integral part of these consolidated financial statements.

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ROYAL GOLD, INC.

Consolidated Statements of Operations and Comprehensive Income

(Unaudited, amounts in thousands except share data)


	Three Months Ended				Six Months Ended
	December 31,		December 31,		December 31,		December 31,
	2019		2018		2019		2018
Revenue (Note 6)	$	123,643	$	97,592	$	242,417	$	197,585

Costs and expenses
Cost of sales (excludes depreciation, depletion and amortization)		21,077		18,162		41,188		34,689
General and administrative		6,665		7,423		14,108		17,349
Production taxes		984		909		2,083		2,201
Exploration costs		1,514		842		4,140		5,204
Depreciation, depletion and amortization		40,096		38,807		78,810		81,358
Total costs and expenses		70,336		66,143		140,329		140,801

Operating income		53,307		31,449		102,088		56,784

Fair value changes in equity securities		222		(3,631)		(1,153)		(5,099)
Interest and other income		226		487		1,001		590
Interest and other expense		(2,217)		(7,410)		(5,051)		(15,287)
Income before income taxes		51,538		20,895		96,885		36,988

Income tax (expense) benefit		(11,124)		2,148		12,401		(1,967)
Net income and comprehensive income		40,414		23,043		109,286		35,021
Net loss and comprehensive loss attributable to non-controlling interests		907		543		2,488		3,575
Net income and comprehensive income attributable to Royal Gold common stockholders	$	41,321	$	23,586	$	111,774	$	38,596
Net income per share available to Royal Gold common stockholders:
Basic earnings per share	$	0.63	$	0.36	$	1.70	$	0.59
Basic weighted average shares outstanding		65,495,907		65,395,457		65,480,759		65,385,161
Diluted earnings per share	$	0.63	$	0.36	$	1.70	$	0.59
Diluted weighted average shares outstanding		65,611,567		65,473,400		65,613,406		65,485,423
Cash dividends declared per common share	$	0.28	$	0.265	$	0.545	$	0.515

The accompanying notes are an integral part of these consolidated financial statements.

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ROYAL GOLD, INC.

Consolidated Statements of Changes in Stockholders’ Equity

(unaudited, amounts in thousands except share data)


	Royal Gold Stockholders
						Accumulated
				Additional		Other
	Common Shares			Paid-In		Comprehensive		Accumulated		Non-controlling		Total
	Shares	Amount		Capital		Income (Loss)		(Losses) Earnings		Interests		Equity
Balance at September 30, 2019	65,495,787	$	655	$	2,202,350	$	—	$	(12,676)	$	31,999	$	2,222,328
Stock-based compensation and related share issuances	217		—		1,214		—		—		—		1,214
Distributions from (to) non-controlling interests	—		—		1,800		—		—		(187)		1,613
Net income and comprehensive income	—		—		—		—		41,321		(907)		40,414
Dividends declared	—		—		—		—		(18,355)		—		(18,355)
Balance at December 31, 2019	65,496,004	$	655	$	2,205,364	$	—	$	10,290	$	30,905	$	2,247,214

	Royal Gold Stockholders
						Accumulated
				Additional		Other
	Common Shares			Paid-In		Comprehensive		Accumulated		Non-controlling		Total
	Shares	Amount		Capital		Income (Loss)		(Losses) Earnings		Interests		Equity
Balance at September 30, 2018	65,394,898	$	654	$	2,195,034	$	—	$	(92,465)	$	36,046	$	2,139,269
Stock-based compensation and related share issuances	1,441		—		1,380		—		—		—		1,380
Distributions from (to) non-controlling interests	—		—		840		—		—		(203)		637
Net income and comprehensive income	—		—		—		—		23,586		(543)		23,043
Dividends declared	—		—		—		—		(17,359)		—		(17,359)
Balance at December 31, 2018	65,396,339	$	654	$	2,197,254	$	—	$	(86,238)	$	35,300	$	2,146,970

	Royal Gold Stockholders
						Accumulated
				Additional		Other
	Common Shares			Paid-In		Comprehensive		Accumulated		Non-controlling		Total
	Shares	Amount		Capital		Income (Loss)		(Losses) Earnings		Interests		Equity
Balance at June 30, 2019	65,440,492	$	655	$	2,201,773	$	—	$	(65,747)	$	33,772	$	2,170,453
Stock-based compensation and related share issuances	55,512		—		891		—		—		—		891
Distributions from (to) non-controlling interests	—		—		2,700		—		—		(379)		2,321
Net income and comprehensive income	—		—		—		—		111,774		(2,488)		109,286
Dividends declared	—		—		—		—		(35,737)		—		(35,737)
Balance at December 31, 2019	65,496,004	$	655	$	2,205,364	$	—	$	10,290	$	30,905	$	2,247,214

	Royal Gold Stockholders
						Accumulated
				Additional		Other
	Common Shares			Paid-In		Comprehensive		Accumulated		Non-controlling		Total
	Shares	Amount		Capital		Income (Loss)		(Losses) Earnings		Interests		Equity
Balance at June 30, 2018	65,360,041	$	654	$	2,192,612	$	(1,201)	$	(89,898)	$	39,102	$	2,141,269
Stock-based compensation and related share issuances	36,298		—		1,852		—		—		—		1,852
Distributions from (to) non-controlling interests	—		—		2,790		—		—		(227)		2,563
Net income and comprehensive income	—		—		—		—		38,596		(3,575)		35,021
Other comprehensive loss	—		—		—		1,201		(1,201)		—		—
Dividends declared	—		—		—		—		(33,735)		—		(33,735)
Balance at December 31, 2018	65,396,339	$	654	$	2,197,254	$	—	$	(86,238)	$	35,300	$	2,146,970

The accompanying notes are an integral part of these consolidated financial statements.

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ROYAL GOLD, INC.

Consolidated Statements of Cash Flows

(Unaudited, amounts in thousands)


	Six Months Ended
	December 31,		December 31,
	2019		2018
Cash flows from operating activities:
Net income and comprehensive income	$	109,286	$	35,021
Adjustments to reconcile net income to net cash provided by operating activities:

Depreciation, depletion and amortization		78,810		81,358
Amortization of debt discount and issuance costs		566		7,864
Non-cash employee stock compensation expense		3,639		4,070
Fair value changes in equity securities		1,153		5,099
Deferred tax benefit		(36,126)		(307)
Changes in assets and liabilities:
Royalty receivables		(7,714)		697
Stream inventory		(3,956)		1,356
Income tax receivable		(6,968)		(12,753)
Prepaid expenses and other assets		(7,020)		2,305
Accounts payable		(929)		(7,026)
Income tax payable		7,392		(7,514)
Uncertain tax positions		3,230		2,197
Other liabilities		8,133		(8,899)
Net cash provided by operating activities	$	149,496	$	103,468

Cash flows from investing activities:
Acquisition of stream and royalty interests		(72,417)		(55)
Purchase of equity securities		(411)		(3,569)
Other		4,774		(87)
Net cash used in investing activities	$	(68,054)	$	(3,711)

Cash flows from financing activities:
Repayment of debt		(85,000)		—
Net payments from issuance of common stock		(2,747)		(2,217)
Common stock dividends		(34,755)		(32,754)
Contributions from non-controlling interest		2,700		2,790
Other		(611)		210
Net cash used in financing activities	$	(120,413)	$	(31,971)
Net (decrease) increase in cash and equivalents		(38,971)		67,786
Cash and equivalents at beginning of period		119,475		88,750
Cash and equivalents at end of period	$	80,504	$	156,536

The accompanying notes are an integral part of these consolidated financial statements.

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1. OPERATIONS, SUMMARY OF SIGNIFICANT ACCOUNTING POLICIES AND RECENTLY ADOPTED AND RECENTLY ISSUED ACCOUNTING STANDARDS

Royal Gold, Inc. (“Royal Gold”, the “Company”, “we”, “us”, or “our”), together with its subsidiaries, is engaged in the business of acquiring and managing metal streams, royalties and similar interests. We seek to acquire existing stream and royalty interests or to finance mining projects that are in production or in the development stage in exchange for stream or royalty interests. A metal stream is a purchase agreement that provides, in exchange for an upfront deposit payment, the right to purchase all or a portion of one or more metals produced from a mine at a price determined for the life of the transaction by the purchase agreement. A royalty is a non-operating interest in a mining project that provides the right to revenue or metals produced from the project after deducting contractually specified costs, if any.

Summary of Significant Accounting Policies

The accompanying unaudited consolidated financial statements have been prepared in accordance with U.S. generally accepted accounting principles (“U.S. GAAP”) for interim financial information and with the instructions to Form 10-Q and Article 10 of Regulation S-X under the Securities Exchange Act of 1934, as amended. Accordingly, they do not include all of the information and footnotes required by U.S. GAAP for annual financial statements. In the opinion of management, all adjustments which are of a normal recurring nature considered necessary for a fair presentation of our interim financial statements have been included in this Form 10-Q. Operating results for the three and six months ended December 31, 2019 are not necessarily indicative of the results that may be expected for the fiscal year ending June 30, 2020. These interim unaudited financial statements should be read in conjunction with the Company’s Annual Report on Form 10-K for the fiscal year ended June 30, 2019 filed with the Securities and Exchange Commission on August 8, 2019 (“Fiscal 2019 10-K”).

Certain amounts in the prior period consolidated balance sheet have been reclassified for comparative purposes to conform with the presentation in the current period balance sheet. Reclassified amounts were not material.

Recently Adopted Accounting Standards

Leases

In February 2016, the Financial Accounting Standards Board (“FASB”) issued Accounting Standards Update (“ASU”) 2016-02, Leases (Topic 842), which requires recognition of right-of-use assets and lease payment liabilities on the balance sheet by lessees for all leases with terms greater than twelve months. Classification of leases as either a finance or operating lease will determine the recognition, measurement and presentation of expenses. ASU 2016-02 also requires certain quantitative and qualitative disclosures about material leasing arrangements.

Subsequently, in July 2018, the FASB issued ASU No. 2018-11, Leases (Topic 842): Targeted Improvements (“ASU 2018-11”). ASU 2018-11 provides an additional modified retrospective transition method for adopting ASU 2016-02, which eliminates the need for adjusting prior period comparable financial statements prepared under legacy lease accounting guidance.

ASU 2016-02, together with ASU 2018-11, was effective for the Company July 1, 2019. The Company adopted the new guidance using the modified retrospective approach set forth in ASU 2018-11, with the date of initial application on July 1, 2019. Comparative reporting periods were not adjusted upon adoption.

As permitted under the transition guidance, the Company has elected to use the following practical expedients at transition:

●

To not reassess whether any expired or existing contracts were or contained leases; and

●

To not reassess the lease classification for any expired or existing leases.

In addition, the Company has elected to use the following practical expedients at and subsequent to adoption in accordance with ASU 2016-02:

●

Not to separate non-lease from lease components, and instead account for each lease component and any associated non-lease components as a single lease component; and

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●

Not to recognize right-of-use assets and associated liabilities for short-term contracts with lease terms of 12 months or less.

The Company’s significant lease arrangements relate to its office spaces. These arrangements are for leases of assets such as corporate office space and office equipment. Through the implementation process, the Company evaluated its lease arrangements, which included an analysis of contracts, and updating its internal controls and processes that are necessary to track and calculate the additional accounting and disclosure requirements as required upon adoption of ASU 2016-02.

The Company leases office space and office equipment under operating leases expiring at various dates through the fiscal year ending June 30, 2030. The following amounts were recorded in the consolidated balance sheets at December 31, 2019 (amounts in thousands):


	Classification	December 31, 2019
Operating Leases
Right-of-use assets - current	Prepaid expenses and other	$	568
Right-of-use assets - non-current	Other assets		5,052
Total right-of-use assets		$	5,620

Lease liabilities - current	Other current liabilities	$	412
Lease liabilities - non-current	Other long-term liabilities		6,267
Total operating lease liabilities		$	6,679

Maturities of operating lease liabilities at December 31, 2019 were as follows (amounts in thousands):


Fiscal Years:	Operating Leases
2020	$	194
2021		804
2022		802
2023		789
2024		790
Thereafter		4,190
Total lease payments	$	7,569
Less imputed interest		(890)
Total	$	6,679

Other information pertaining to leases consist of the following:


	December 31, 2019
Operating Lease Term and Discount Rate
Weighted average remaining lease term in years		9
Weighted average discount rate		2.5%

The Company did not have any finance leases as of December 31, 2019. The adoption of ASU 2016-02 did not impact accumulated earnings (losses), our consolidated statements of operations and comprehensive income, or our consolidated statements of cash flows.

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Recently Issued Accounting Standards

Current Expected Credit Loss

In June 2016, the FASB issued ASU No. 2016-13, Financial Instruments-Credit Losses (Topic 326): Measurement of Credit Losses of Financial Instruments, which, together with subsequent amendments, changes how an entity will record credit losses from an “incurred loss” approach to an “expected loss” approach. This update is effective for annual periods beginning after December 15, 2019 (i.e. July 1, 2020 for the Company) and interim financial statement periods within those years, with early adoption permitted. The Company is currently undergoing its assessment of the new guidance and the impact it will have on our consolidated financial statements and related disclosures. Based on procedures performed as of December 31, 2019, the Company does not expect the adoption to have a material impact on the Company’s consolidated financial statements. The Company will adopt the new guidance effective July 1, 2020.

2. ACQUISITION

Castelo de Sonhos royalty acquisition

In August 2019, a subsidiary of the Company entered into an agreement with TriStar Gold Inc. and its subsidiaries (together “TriStar”) to acquire (i) up to a 1.5% net smelter return (“NSR”) royalty on the Castelo de Sonhos gold project (“CDS”), located in Brazil, and (ii) warrants to purchase up to 19,640,000 common shares of TriStar. Total consideration is $7.5 million and is payable over three payments, of which $4.5 million was paid in August 2019 and $1.5 million was paid in November 2019. The final payment of $1.5 million is subject to satisfaction of certain conditions and is payable by March 31, 2020. The NSR royalty is incrementally earned pro-rata with the funding schedule while the warrants to purchase TriStar common shares will be issued pro-rata with the funding schedule.

The CDS royalty acquisition has been accounted for as an asset acquisition. The $6.0 million paid as part of the aggregate funding schedule, plus direct acquisition costs, have been recorded as an exploration stage royalty interest within Stream and royalty interests, net on our consolidated balance sheets. Any future funding of the third payment, plus any direct acquisition costs, will also be recorded as an exploration stage royalty interest.

The warrants have been recorded within Other assets on our consolidated balance sheets and have a carrying value of approximately $0.2 million as of December 31, 2019. The warrants have been classified as a financial asset instrument and are recorded at fair value at each reporting date using the Black-Scholes model. Any change in fair value of the warrants at subsequent reporting periods will be recorded within Fair value changes in equity securities on our consolidated statements of operations and comprehensive income. As of December 31, 2019, the Company holds 15,712,000 warrants at an exercise price of C$0.25 per common share with a term of approximately five years.

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3. STREAM AND ROYALTY INTERESTS, NET

The following tables summarize the Company’s stream and royalty interests, net as of December 31, 2019 and June 30, 2019.


As of December 31, 2019 (Amounts in thousands):	Cost		Accumulated Depletion		Net
Production stage stream interests:
Mount Milligan	$	790,636	$	(201,382)	$	589,254
Pueblo Viejo		610,404		(179,796)		430,608
Andacollo		388,182		(100,873)		287,309
Rainy River		175,727		(20,438)		155,289
Wassa and Prestea		146,475		(62,182)		84,293
Total production stage stream interests		2,111,424		(564,671)		1,546,753
Production stage royalty interests:
Voisey's Bay		205,724		(98,684)		107,040
Peñasquito		99,172		(42,451)		56,721
Holt		34,612		(23,273)		11,339
Cortez		80,681		(13,055)		67,626
Other		487,224		(395,171)		92,053
Total production stage royalty interests		907,413		(572,634)		334,779
Total production stage stream and royalty interests		3,018,837		(1,137,305)		1,881,532

Development stage stream interests:
Khoemacau		66,605		—		66,605
Other		12,038		—		12,038
Development stage royalty interests:
Other		70,952		—		70,952
Total development stage stream and royalty interests		149,595		—		149,595

Exploration stage royalty interests:
Pascua-Lama		177,690		—		177,690
Other		124,274		—		124,274
Total exploration stage royalty interests

Closing Price ($)	Shares Out (MM)	Market Cap ($MM)
$0.00	66	$6,707

10-Q	2020-02-06	Quarter: 2019-12-31
10-Q	2019-11-07	Quarter: 2019-09-30
10-K	2019-08-08	Annual: 2019-06-30
10-Q	2019-05-02	Quarter: 2019-03-31
10-Q	2019-02-07	Quarter: 2018-12-31
10-Q	2018-11-01	Quarter: 2018-09-30
10-K	2018-08-09	Annual: 2018-06-30
10-Q	2018-05-03	Quarter: 2018-03-31
10-Q	2018-02-08	Quarter: 2017-12-31
10-Q	2017-11-02	Quarter: 2017-09-30
10-K	2017-08-10	Annual: 2017-06-30
10-Q	2017-05-10	Quarter: 2017-03-31
10-Q	2017-02-02	Quarter: 2016-12-31
10-Q	2016-11-03	Quarter: 2016-09-30
10-K	2016-08-11	Annual: 2016-06-30
10-Q	2016-04-28	Quarter: 2016-03-31
10-Q	2016-02-04	Quarter: 2015-12-31
10-Q	2015-11-05	Quarter: 2015-09-30
10-K	2015-08-06	Annual: 2015-06-30
10-Q	2015-04-30	Quarter: 2015-03-31
10-Q	2015-01-29	Quarter: 2014-12-31
10-Q	2014-10-30	Quarter: 2014-09-30
10-K	2014-08-07	Annual: 2014-06-30
10-Q	2014-05-01	Quarter: 2014-03-31
10-Q	2014-01-30	Quarter: 2013-12-31
10-Q	2013-11-07	Quarter: 2013-09-30
10-K	2013-08-08	Annual: 2013-06-30
10-Q	2013-05-02	Quarter: 2013-03-31
10-K	2012-08-09	Annual: 2012-06-30
10-Q	2012-05-03	Quarter: 2012-03-31
10-Q	2011-11-03	Quarter: 2011-09-30
10-K	2011-08-18	Annual: 2011-06-30
10-Q	2011-05-06	Quarter: 2011-03-31
10-Q	2011-02-04	Quarter: 2010-12-31
10-Q	2010-11-05	Quarter: 2010-09-30
10-K	2010-08-26	Annual: 2010-06-30
10-Q	2010-05-07	Quarter: 2010-03-31
10-Q	2010-02-05	Quarter: 2009-12-31

8-K	2020-02-05	Earnings, Exhibits
8-K	2019-12-05	Regulation FD, Exhibits
8-K	2019-11-20	Shareholder Vote
8-K	2019-11-06	Earnings, Exhibits
8-K	2019-10-30	Regulation FD, Exhibits
8-K	2019-10-11	Officers, Regulation FD, Exhibits
8-K	2019-09-26	Officers, Regulation FD, Exhibits
8-K	2019-08-07	Earnings, Exhibits
8-K	2019-06-11	Off-BS Arrangement
8-K	2019-06-03	Enter Agreement, Off-BS Arrangement, Exhibits
8-K	2019-05-30	Regulation FD, Exhibits
8-K	2019-05-01	Earnings, Officers, Exhibits
8-K	2019-02-25	Other Events
8-K	2019-02-14	Officers, Exhibits
8-K	2019-02-06	Earnings, Exhibits
8-K	2019-01-01	Enter Agreement, Officers, Exhibits
8-K	2018-11-14	Shareholder Vote
8-K	2018-10-31	Earnings, Exhibits
8-K	2018-09-19	Officers, Other Events, Exhibits
8-K	2018-08-08	Earnings, Exhibits
8-K	2018-06-18	Enter Agreement, Leave Agreement, Officers
8-K	2018-05-30	Officers, Regulation FD, Exhibits
8-K	2018-05-02	Earnings, Exhibits
8-K	2018-02-07	Earnings, Exhibits

EX-31.1	ex-31d1.htm
EX-31.2	ex-31d2.htm
EX-32.1	ex-32d1.htm
EX-32.2	ex-32d2.htm