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v3.23.1

SEGMENT INFORMATION (Tables) | 3 Months Ended
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Mar. 31, 2023
SEGMENT INFORMATION |
Schedule of geographical distribution of long-lived assets | ​
​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​
​ | ​ | As of March 31, 2023 | ​ | As of December 31, 2022
​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | Total stream | ​ | ​ | ​ | ​ | ​ | ​ | ​ | Total stream
​ | ​ | Stream | ​ | Royalty | ​ | and royalty | ​ | Stream | ​ | Royalty | ​ | and royalty
​ |  | interest |  | interest |  | interests, net |  | interest |  | interest |  | interests, net
Canada | ​ | $ | 497,010 | ​ | $ | 617,542 | ​ | $ | 1,114,552 | ​ | $ | 511,957 | ​ | $ | 620,549 | ​ | $ | 1,132,506
Dominican Republic | ​ | ​ | 317,903 | ​ | ​ | — | ​ | ​ | 317,903 | ​ | ​ | 320,867 | ​ | ​ | — | ​ | ​ | 320,867
Africa | ​ | ​ | 290,125 | ​ | ​ | 321 | ​ | ​ | 290,446 | ​ | ​ | 299,722 | ​ | ​ | 321 | ​ | ​ | 300,043
Chile | ​ | ​ | 232,563 | ​ | ​ | 224,116 | ​ | ​ | 456,679 | ​ | ​ | 236,312 | ​ | ​ | 224,116 | ​ | ​ | 460,428
United States | ​ | ​ | — | ​ | ​ | 816,336 | ​ | ​ | 816,336 | ​ | ​ | — | ​ | ​ | 823,203 | ​ | ​ | 823,203
Mexico | ​ | ​ | — | ​ | ​ | 47,936 | ​ | ​ | 47,936 | ​ | ​ | — | ​ | ​ | 50,156 | ​ | ​ | 50,156
Australia | ​ | ​ | — | ​ | ​ | 21,949 | ​ | ​ | 21,949 | ​ | ​ | — | ​ | ​ | 22,120 | ​ | ​ | 22,120
Rest of world | ​ | ​ | 98,945 | ​ | ​ | 26,639 | ​ | ​ | 125,584 | ​ | ​ | 101,440 | ​ | ​ | 26,639 | ​ | ​ | 128,079
Total | ​ | $ | 1,436,546 | ​ | $ | 1,754,839 | ​ | $ | 3,191,385 | ​ | $ | 1,470,298 | ​ | $ | 1,767,104 | ​ | $ | 3,237,402
Schedule of reportable segments for assessing performance | Our reportable segments for purposes of assessing performance are shown below (amounts in thousands): ​
​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​
​ | ​ | Three Months Ended March 31, 2023
​ |  | Revenue |  | Cost of sales (1) |  | Production taxes |  | Depletion (2) |  | Segment gross profit
Stream interests | ​ | $ | 114,990 | ​ | $ | 25,020 | ​ | $ | — | ​ | $ | 33,752 | ​ | $ | 56,218
Royalty interests | ​ | ​ | 55,402 | ​ | ​ | — | ​ | ​ | 1,989 | ​ | ​ | 12,462 | ​ | ​ | 40,951
Total | ​ | $ | 170,392 | ​ | $ | 25,020 | ​ | $ | 1,989 | ​ | $ | 46,214 | ​ | $ | 97,169
​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​
​ | ​ | Three Months Ended March 31, 2022
​ |  | Revenue |  | Cost of sales (1) |  | Production taxes |  | Depletion (2) |  | Segment gross profit
Stream interests | ​ | $ | 105,251 | ​ | $ | 22,639 | ​ | $ | — | ​ | $ | 36,378 | ​ | $ | 46,234
Royalty interests | ​ | ​ | 57,104 | ​ | ​ | — | ​ | ​ | 2,221 | ​ | ​ | 11,485 | ​ | ​ | 43,398
Total | ​ | $ | 162,355 | ​ | $ | 22,639 | ​ | $ | 2,221 | ​ | $ | 47,863 | ​ | $ | 89,632
​
(1) | Excludes depreciation, depletion and amortization.
​
(2) | Depletion amounts are included within Depreciation, depletion and amortization on our consolidated statements of operations and comprehensive income.
​
Schedule of reconciliation of segment gross profit to consolidated income (loss) | A reconciliation of total segment gross profit to the consolidated Income before income taxes is shown below (amounts in thousands): ​
​ | ​ | ​ | ​ | ​ | ​ | ​
​ | ​ | Three Months Ended
​ | ​ | March 31, | ​ | March 31,
​ |  | ​ | 2023 |  | ​ | 2022
Total segment gross profit | ​ | $ | 97,169 | ​ | $ | 89,632
​ | ​ | ​ | ​ | ​ | ​ | ​
Costs and expenses | ​ | ​ | ​ | ​ | ​ | ​
General and administrative expenses | ​ | ​ | 11,000 | ​ | ​ | 8,931
Depreciation and amortization | ​ | ​ | 114 | ​ | ​ | 125
Operating income | ​ | ​ | 86,055 | ​ | ​ | 80,576
Fair value changes in equity securities | ​ | ​ | 799 | ​ | ​ | 613
Interest and other income | ​ | ​ | 2,263 | ​ | ​ | 975
Interest and other expense | ​ | ​ | (9,175) | ​ | ​ | (898)
Income before income taxes | ​ | $ | 79,942 | ​ | $ | 81,266
​
Schedule of revenue by reportable segment geographically distributed | Our revenue by reportable segment for the three months ended March 31, 2023 and 2022 is geographically distributed as shown in the following table (amounts in thousands): ​
​ | ​ | ​ | ​ | ​ | ​ | ​
​ | ​ | Three Months Ended
​ | ​ | March 31, | ​ | March 31,
​ |  | 2023 |  | 2022
Stream interests: | ​ | ​ | ​ | ​ | ​ | ​
Canada | ​ | $ | 56,981 | ​ | $ | 51,485
Dominican Republic | ​ | ​ | 22,358 | ​ | ​ | 23,264
Chile | ​ | ​ | 12,934 | ​ | ​ | 15,674
Africa | ​ | ​ | 17,539 | ​ | ​ | 8,446
Rest of world | ​ | ​ | 5,178 | ​ | ​ | 6,382
Total stream interests | ​ | $ | 114,990 | ​ | $ | 105,251
​ | ​ | ​ | ​ | ​ | ​ | ​
Royalty interests: | ​ | ​ | ​ | ​ | ​ | ​
United States | ​ | $ | 33,581 | ​ | $ | 24,358
Mexico | ​ | ​ | 9,295 | ​ | ​ | 15,881
Canada | ​ | ​ | 6,591 | ​ | ​ | 10,778
Australia | ​ | ​ | 4,099 | ​ | ​ | 4,046
Africa | ​ | ​ | — | ​ | ​ | 316
Rest of world | ​ | ​ | 1,836 | ​ | ​ | 1,725
Total royalty interests | ​ | $ | 55,402 | ​ | $ | 57,104
Total revenue | ​ | $ | 170,392 | ​ | $ | 162,355

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- Definition Tabular disclosure of the profit or loss and total assets for each reportable segment. An entity discloses certain information on each reportable segment if the amounts (a) are included in the measure of segment profit or loss reviewed by the chief operating decision maker or (b) are otherwise regularly provided to the chief operating decision maker, even if not included in that measure of segment profit or loss. + References Reference 1: http://fasb.org/us-gaap/role/ref/legacyRef -Publisher FASB -Name Accounting Standards Codification -Topic 280 -SubTopic 10 -Section 50 -Paragraph 22 -URI https://asc.fasb.org/extlink&oid=126901519&loc=d3e8736-108599 Reference 2: http://fasb.org/us-gaap/role/ref/legacyRef -Publisher FASB -Name Accounting Standards Codification -Topic 280 -SubTopic 10 -Section 50 -Paragraph 25 -URI https://asc.fasb.org/extlink&oid=126901519&loc=d3e8813-108599 Reference 3: http://fasb.org/us-gaap/role/ref/legacyRef -Publisher FASB -Name Accounting Standards Codification -Topic 350 -SubTopic 20 -Section 50 -Paragraph 1 -URI https://asc.fasb.org/extlink&oid=121556970&loc=d3e13816-109267 Reference 4: http://fasb.org/us-gaap/role/ref/legacyRef -Publisher FASB -Name Accounting Standards Codification -Topic 280 -SubTopic 10 -Section 50 -Paragraph 30 -URI https://asc.fasb.org/extlink&oid=126901519&loc=d3e8906-108599 + Details
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