2012 Q4 Form 10-Q Financial Statement

#000110465912076094 Filed on November 09, 2012

View on sec.gov

Income Statement

Concept 2012 Q4 2012 Q3 2011 Q3
Revenue $7.702M $7.063M $0.00
YoY Change 319.5% -100.0%
Cost Of Revenue $10.27M $8.570M $970.0K
YoY Change 100.59% 783.51% 3133.33%
Gross Profit -$2.564M -$1.510M -$970.0K
YoY Change -39.67% 55.67% -1485.71%
Gross Profit Margin -33.29% -21.38%
Selling, General & Admin $3.030M $2.240M $5.100M
YoY Change 12.22% -56.08% 109.88%
% of Gross Profit
Research & Development $4.750M $2.960M $10.16M
YoY Change -51.43% -70.87% 30.42%
% of Gross Profit
Depreciation & Amortization $3.390M $2.774M $717.0K
YoY Change 180.17% 286.89% 131.29%
% of Gross Profit
Operating Expenses $9.220M $7.760M $16.08M
YoY Change -31.6% -51.74% 53.88%
Operating Profit -$11.78M -$66.47M -$22.40M
YoY Change -33.54% 196.8% 115.77%
Interest Expense -$330.0K $530.0K $9.330M
YoY Change 50.0% -94.32% 31000.0%
% of Operating Profit
Other Income/Expense, Net $0.00 $544.0K $9.485M
YoY Change -100.0% -94.26% 11756.25%
Pretax Income -$13.38M -$65.93M -$12.91M
YoY Change -23.41% 410.61% 25.73%
Income Tax -$2.440M -$2.614M -$1.168M
% Of Pretax Income
Net Earnings -$10.94M -$63.32M -$11.74M
YoY Change -33.33% 439.35% 14.54%
Net Earnings / Revenue -142.04% -896.5%
Basic Earnings Per Share -$1.74
Diluted Earnings Per Share -$6.39 -$43.66 -$14.69
COMMON SHARES
Basic Shares Outstanding 42.58M shares 36.32M shares 19.99M shares
Diluted Shares Outstanding 36.32M shares 19.99M shares

Balance Sheet

Concept 2012 Q4 2012 Q3 2011 Q3
SHORT-TERM ASSETS
Cash & Short-Term Investments $44.60M $54.00M $55.00M
YoY Change -8.23% -1.82% 79.74%
Cash & Equivalents $44.41M $53.56M $54.98M
Short-Term Investments $200.0K $400.0K $0.00
Other Short-Term Assets $1.100M $1.200M $3.200M
YoY Change -54.17% -62.5% 113.33%
Inventory $3.388M $5.170M $1.500M
Prepaid Expenses
Receivables $1.291M $1.199M
Other Receivables $4.400M $3.000M
Total Short-Term Assets $54.79M $64.56M $61.00M
YoY Change -6.17% 5.83% 89.44%
LONG-TERM ASSETS
Property, Plant & Equipment $280.9M $282.0M $378.4M
YoY Change -1.16% -25.47% 4058.24%
Goodwill $11.67M $12.94M
YoY Change -83.37%
Intangibles
YoY Change
Long-Term Investments
YoY Change
Other Assets $2.600M $2.100M $3.800M
YoY Change -31.58% -44.74% 111.11%
Total Long-Term Assets $293.3M $295.2M $382.8M
YoY Change -17.29% -22.9% 3444.77%
TOTAL ASSETS
Total Short-Term Assets $54.79M $64.56M $61.00M
Total Long-Term Assets $293.3M $295.2M $382.8M
Total Assets $348.1M $359.7M $443.8M
YoY Change -15.72% -18.95% 932.17%
SHORT-TERM LIABILITIES
YoY Change
Accounts Payable $4.100M $2.800M $4.800M
YoY Change -21.15% -41.67% 242.86%
Accrued Expenses $2.100M $3.200M $4.900M
YoY Change -27.59% -34.69% 276.92%
Deferred Revenue
YoY Change
Short-Term Debt $0.00 $0.00 $0.00
YoY Change
Long-Term Debt Due $15.00M
YoY Change
Total Short-Term Liabilities $13.31M $13.55M $33.20M
YoY Change -14.57% -59.2% 1129.63%
LONG-TERM LIABILITIES
Long-Term Debt $0.00 $0.00 $0.00
YoY Change
Other Long-Term Liabilities $193.0K $217.0K $4.000M
YoY Change -32.99% -94.58% 566.67%
Total Long-Term Liabilities $193.0K $217.0K $4.000M
YoY Change -32.99% -94.58% 566.67%
TOTAL LIABILITIES
Total Short-Term Liabilities $13.31M $13.55M $33.20M
Total Long-Term Liabilities $193.0K $217.0K $4.000M
Total Liabilities $62.83M $65.22M $120.6M
YoY Change -16.5% -45.92% 3554.55%
SHAREHOLDERS EQUITY
Retained Earnings -$208.2M -$197.3M
YoY Change 79.18%
Common Stock $493.6M $491.8M
YoY Change 8.7%
Preferred Stock
YoY Change
Treasury Stock (at cost)
YoY Change
Treasury Stock Shares
Shareholders Equity $285.3M $294.5M $323.3M
YoY Change
Total Liabilities & Shareholders Equity $348.1M $359.7M $443.8M
YoY Change -15.72% -18.94% 932.09%

Cashflow Statement

Concept 2012 Q4 2012 Q3 2011 Q3
OPERATING ACTIVITIES
Net Income -$10.94M -$63.32M -$11.74M
YoY Change -33.33% 439.35% 14.54%
Depreciation, Depletion And Amortization $3.390M $2.774M $717.0K
YoY Change 180.17% 286.89% 131.29%
Cash From Operating Activities -$9.240M -$4.480M -$15.17M
YoY Change -53.57% -70.47% 74.77%
INVESTING ACTIVITIES
Capital Expenditures -$2.500M -$1.960M -$1.380M
YoY Change 10.62% 42.03% 62.35%
Acquisitions
YoY Change
Other Investing Activities $2.570M $50.00K -$8.860M
YoY Change 2236.36% -100.56% -247.18%
Cash From Investing Activities $70.00K -$1.910M -$10.23M
YoY Change -103.26% -81.33% -297.49%
FINANCING ACTIVITIES
Cash Dividend Paid
YoY Change
Common Stock Issuance & Retirement, Net $36.90M
YoY Change
Debt Paid & Issued, Net
YoY Change
Cash From Financing Activities 20.00K 36.89M -4.600M
YoY Change -99.87% -901.96%
NET CHANGE
Cash From Operating Activities -9.240M -4.480M -15.17M
Cash From Investing Activities 70.00K -1.910M -10.23M
Cash From Financing Activities 20.00K 36.89M -4.600M
Net Change In Cash -9.150M 30.50M -30.00M
YoY Change 44.32% -201.67% 757.14%
FREE CASH FLOW
Cash From Operating Activities -$9.240M -$4.480M -$15.17M
Capital Expenditures -$2.500M -$1.960M -$1.380M
Free Cash Flow -$6.740M -$2.520M -$13.79M
YoY Change -61.79% -81.73% 76.12%

Facts In Submission

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dei Entity Registrant Name
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Golden Minerals Co
dei Entity Central Index Key
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dei Document Type
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10-Q
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CY2012Q4 dei Entity Common Stock Shares Outstanding
EntityCommonStockSharesOutstanding
42578333 shares
CY2011Q4 aumn Prepaid Contractor Fees And Vendor Advances Current
PrepaidContractorFeesAndVendorAdvancesCurrent
1557000 USD
CY2011Q4 us-gaap Prepaid Insurance
PrepaidInsurance
590000 USD
CY2012Q3 aumn Prepaid Contractor Fees And Vendor Advances Current
PrepaidContractorFeesAndVendorAdvancesCurrent
486000 USD
CY2012Q3 us-gaap Prepaid Insurance
PrepaidInsurance
313000 USD
CY2012Q3 us-gaap Accumulated Depreciation Depletion And Amortization Property Plant And Equipment
AccumulatedDepreciationDepletionAndAmortizationPropertyPlantAndEquipment
9579000 USD
CY2012Q3 us-gaap Property Plant And Equipment Gross
PropertyPlantAndEquipmentGross
291610000 USD
aumn Asset Retirement Cost Amortization Expense
AssetRetirementCostAmortizationExpense
200000 USD
CY2011Q4 us-gaap Liability For Uncertain Tax Positions Current
LiabilityForUncertainTaxPositionsCurrent
2600000 USD
CY2011Q4 us-gaap Loss Contingency Accrual Carrying Value Current
LossContingencyAccrualCarryingValueCurrent
4900000 USD
aumn Loss Contingency Settlement Period
LossContingencySettlementPeriod
P5Y
CY2012Q3 us-gaap Liability For Uncertain Tax Positions Current
LiabilityForUncertainTaxPositionsCurrent
2700000 USD
CY2012Q3 us-gaap Loss Contingency Accrual Carrying Value Current
LossContingencyAccrualCarryingValueCurrent
4800000 USD
aumn Increase Decrease In Value Added Tax Receivable Net
IncreaseDecreaseInValueAddedTaxReceivableNet
199000 USD
CY2012Q3 aumn Investment With Financial Institutions Minimum Net Worth Required
InvestmentWithFinancialInstitutionsMinimumNetWorthRequired
1000000000 USD
CY2012Q3 us-gaap Deferred Tax Liabilities Property Plant And Equipment
DeferredTaxLiabilitiesPropertyPlantAndEquipment
64000000 USD
CY2012Q3 us-gaap Unrecognized Tax Benefits
UnrecognizedTaxBenefits
2600000 USD
CY2011Q4 us-gaap Unrecognized Tax Benefits
UnrecognizedTaxBenefits
2700000 USD
CY2012Q3 us-gaap Deferred Tax Assets Operating Loss Carryforwards
DeferredTaxAssetsOperatingLossCarryforwards
14900000 USD
us-gaap Additions To Noncurrent Assets
AdditionsToNoncurrentAssets
6230000 USD
CY2011Q3 us-gaap Additions To Noncurrent Assets
AdditionsToNoncurrentAssets
1379000 USD
CY2011Q3 us-gaap Assets
Assets
443835000 USD
aumn Exploration Project And General And Administrative Expense
ExplorationProjectAndGeneralAndAdministrativeExpense
42163000 USD
CY2011Q3 aumn Exploration Project And General And Administrative Expense
ExplorationProjectAndGeneralAndAdministrativeExpense
11995000 USD
us-gaap Additions To Noncurrent Assets
AdditionsToNoncurrentAssets
7305000 USD
CY2012Q3 us-gaap Additions To Noncurrent Assets
AdditionsToNoncurrentAssets
2201000 USD
aumn Exploration Project And General And Administrative Expense
ExplorationProjectAndGeneralAndAdministrativeExpense
21071000 USD
CY2012Q3 us-gaap Inventory Work In Process Net Of Reserves
InventoryWorkInProcessNetOfReserves
369000 USD
CY2012Q3 us-gaap Inventory Finished Goods Net Of Reserves
InventoryFinishedGoodsNetOfReserves
3392000 USD
CY2011Q4 us-gaap Inventory Raw Materials And Supplies Net Of Reserves
InventoryRawMaterialsAndSuppliesNetOfReserves
805000 USD
CY2011Q4 us-gaap Inventory Work In Process Net Of Reserves
InventoryWorkInProcessNetOfReserves
257000 USD
CY2011Q4 us-gaap Inventory Finished Goods Net Of Reserves
InventoryFinishedGoodsNetOfReserves
4250000 USD
aumn Inventory Write Down Charged To Depreciation
InventoryWriteDownChargedToDepreciation
600000 USD
us-gaap Inventory Write Down
InventoryWriteDown
2000000 USD
CY2011Q4 us-gaap Accumulated Depreciation Depletion And Amortization Property Plant And Equipment
AccumulatedDepreciationDepletionAndAmortizationPropertyPlantAndEquipment
3918000 USD
CY2011Q4 us-gaap Property Plant And Equipment Gross
PropertyPlantAndEquipmentGross
288117000 USD
CY2012Q3 aumn Exploration Project And General And Administrative Expense
ExplorationProjectAndGeneralAndAdministrativeExpense
4893000 USD
us-gaap Number Of Reportable Segments
NumberOfReportableSegments
2 segment
us-gaap Increase Decrease In Inventories
IncreaseDecreaseInInventories
-299000 USD
us-gaap Increase Decrease In Prepaid Deferred Expense And Other Assets
IncreaseDecreaseInPrepaidDeferredExpenseAndOtherAssets
-1975000 USD
us-gaap Increase Decrease In Accounts Receivable
IncreaseDecreaseInAccountsReceivable
1199000 USD
us-gaap Share Based Compensation
ShareBasedCompensation
831000 USD
us-gaap Gain Loss On Disposition Of Assets
GainLossOnDispositionOfAssets
1889000 USD
aumn Fair Value Of Stock Or Warrants Received For Mineral Rights
FairValueOfStockOrWarrantsReceivedForMineralRights
309000 USD
aumn Foreign Currency Gain Loss On Deferred Tax Liability
ForeignCurrencyGainLossOnDeferredTaxLiability
522000 USD
aumn Foreign Currency Gain Loss On Loss Contingency
ForeignCurrencyGainLossOnLossContingency
117000 USD
us-gaap Asset Retirement Obligation Accretion Expense
AssetRetirementObligationAccretionExpense
-118000 USD
us-gaap Stock Repurchased And Retired During Period Value
StockRepurchasedAndRetiredDuringPeriodValue
-1834000 USD
aumn Increase Decrease In Deferred Leasehold Payments
IncreaseDecreaseInDeferredLeaseholdPayments
-98000 USD
us-gaap Increase Decrease In Accounts Payable And Accrued Liabilities
IncreaseDecreaseInAccountsPayableAndAccruedLiabilities
-5327000 USD
us-gaap Increase Decrease In Prepaid Deferred Expense And Other Assets
IncreaseDecreaseInPrepaidDeferredExpenseAndOtherAssets
-346000 USD
us-gaap Share Based Compensation
ShareBasedCompensation
5328000 USD
us-gaap Gain Loss On Disposition Of Assets
GainLossOnDispositionOfAssets
389000 USD
us-gaap Marketable Securities Realized Gain Loss Excluding Other Than Temporary Impairments
MarketableSecuritiesRealizedGainLossExcludingOtherThanTemporaryImpairments
-215000 USD
aumn Increase Decrease In Deferred Leasehold Payments
IncreaseDecreaseInDeferredLeaseholdPayments
-71000 USD
us-gaap Increase Decrease In Accounts Payable And Accrued Liabilities
IncreaseDecreaseInAccountsPayableAndAccruedLiabilities
-1909000 USD
aumn Increase Decrease In Value Added Tax Receivable Net
IncreaseDecreaseInValueAddedTaxReceivableNet
1716000 USD
aumn Mineral Sales Number Of Customers
MineralSalesNumberOfCustomers
5 customer
CY2011Q4 us-gaap Accrued Vacation Current
AccruedVacationCurrent
300000 USD
CY2011Q4 aumn Accrued Payroll Taxes And Employee Benefits Current
AccruedPayrollTaxesAndEmployeeBenefitsCurrent
2600000 USD
CY2011Q4 us-gaap Accounts And Other Receivables Net Current
AccountsAndOtherReceivablesNetCurrent
682000 USD
CY2011Q4 us-gaap Deposits Assets Current
DepositsAssetsCurrent
290000 USD
CY2012Q3 us-gaap Deposits Assets Current
DepositsAssetsCurrent
378000 USD
us-gaap Provision For Doubtful Accounts
ProvisionForDoubtfulAccounts
35000 USD
us-gaap Provision For Doubtful Accounts
ProvisionForDoubtfulAccounts
151000 USD
CY2012Q2 aumn Royalty Interest Sold
RoyaltyInterestSold
0.01 pure
CY2012Q2 us-gaap Significant Acquisitions And Disposals Acquisition Costs Or Sale Proceeds
SignificantAcquisitionsAndDisposalsAcquisitionCostsOrSaleProceeds
2400000 USD
CY2012Q2 us-gaap Significant Acquisitions And Disposals Gain Loss On Sale Or Disposal Pretax
SignificantAcquisitionsAndDisposalsGainLossOnSaleOrDisposalPretax
1800000 USD
CY2012Q3 us-gaap Common Stock Shares Authorized
CommonStockSharesAuthorized
100000000 shares
CY2011Q4 us-gaap Common Stock Shares Authorized
CommonStockSharesAuthorized
100000000 shares
us-gaap Asset Impairment Charges
AssetImpairmentCharges
428000 USD
CY2012Q3 us-gaap Deferred Income Tax Expense Benefit
DeferredIncomeTaxExpenseBenefit
-2600000 USD
us-gaap Deferred Income Tax Expense Benefit
DeferredIncomeTaxExpenseBenefit
-5600000 USD
aumn Number Of Dore Customers With Whom Entity Entered Into Agreement For Passing Title To Purchasers After Receipt Of Product By Refinery
NumberOfDoreCustomersWithWhomEntityEnteredIntoAgreementForPassingTitleToPurchasersAfterReceiptOfProductByRefinery
1 item
CY2012Q3 us-gaap Available For Sale Securities Amortized Cost
AvailableForSaleSecuritiesAmortizedCost
394000 USD
CY2012Q3 us-gaap Available For Sale Securities Fair Value Disclosure
AvailableForSaleSecuritiesFairValueDisclosure
417000 USD
CY2012Q3 us-gaap Available For Sale Securities
AvailableForSaleSecurities
417000 USD
CY2012Q3 us-gaap Accounts Payable And Other Accrued Liabilities Current
AccountsPayableAndOtherAccruedLiabilitiesCurrent
2808000 USD
CY2012Q3 us-gaap Employee Related Liabilities Current
EmployeeRelatedLiabilitiesCurrent
3226000 USD
CY2011Q4 us-gaap Accounts Payable And Other Accrued Liabilities Current
AccountsPayableAndOtherAccruedLiabilitiesCurrent
5172000 USD
CY2011Q4 us-gaap Employee Related Liabilities Current
EmployeeRelatedLiabilitiesCurrent
2898000 USD
CY2012Q3 us-gaap Accrued Vacation Current
AccruedVacationCurrent
200000 USD
CY2012Q3 aumn Accrued Payroll Taxes And Employee Benefits Current
AccruedPayrollTaxesAndEmployeeBenefitsCurrent
3000000 USD
CY2011Q3 us-gaap Mineral Extraction Processing And Marketing Costs
MineralExtractionProcessingAndMarketingCosts
965000 USD
us-gaap Mineral Extraction Processing And Marketing Costs
MineralExtractionProcessingAndMarketingCosts
965000 USD
CY2011Q3 aumn Severance And Acquisition Related Cost
SeveranceAndAcquisitionRelatedCost
5353000 USD
aumn Severance And Acquisition Related Cost
SeveranceAndAcquisitionRelatedCost
7050000 USD
CY2011Q3 aumn Reclamation Expense
ReclamationExpense
31000 USD
aumn Reclamation Expense
ReclamationExpense
126000 USD
CY2011Q3 aumn Interest And Other Expense Nonoperating
InterestAndOtherExpenseNonoperating
337000 USD
aumn Interest And Other Expense Nonoperating
InterestAndOtherExpenseNonoperating
337000 USD
us-gaap Cash Acquired From Acquisition
CashAcquiredFromAcquisition
5614000 USD
us-gaap Other Payments To Acquire Businesses
OtherPaymentsToAcquireBusinesses
15713000 USD
us-gaap Proceeds From Issuance Of Common Stock
ProceedsFromIssuanceOfCommonStock
36891000 USD
us-gaap Repayments Of Long Term Debt
RepaymentsOfLongTermDebt
554000 USD
aumn Payment Of Customer Advance
PaymentOfCustomerAdvance
4049000 USD
us-gaap Net Cash Provided By Used In Financing Activities Continuing Operations
NetCashProvidedByUsedInFinancingActivitiesContinuingOperations
36891000 USD
us-gaap Net Cash Provided By Used In Financing Activities Continuing Operations
NetCashProvidedByUsedInFinancingActivitiesContinuingOperations
-4603000 USD
aumn Stock Issued During Period Value Private Placement
StockIssuedDuringPeriodValuePrivatePlacement
7461000 USD
CY2012Q3 us-gaap Earnings Per Share Basic And Diluted
EarningsPerShareBasicAndDiluted
-1.74
CY2011Q3 us-gaap Earnings Per Share Basic And Diluted
EarningsPerShareBasicAndDiluted
-0.59
us-gaap Earnings Per Share Basic And Diluted
EarningsPerShareBasicAndDiluted
-2.79
us-gaap Earnings Per Share Basic And Diluted
EarningsPerShareBasicAndDiluted
-2.27
CY2011Q4 us-gaap Deferred Tax Liabilities Property Plant And Equipment
DeferredTaxLiabilitiesPropertyPlantAndEquipment
65500000 USD
CY2012 aumn Increase Decrease In Metal Prices Percentage
IncreaseDecreaseInMetalPricesPercentage
0.20 pure
us-gaap Increase Decrease In Accrued Taxes Payable
IncreaseDecreaseInAccruedTaxesPayable
-60000 USD
us-gaap Increase Decrease In Interest Payable Net
IncreaseDecreaseInInterestPayableNet
769000 USD
CY2012Q3 us-gaap Proceeds From Issuance Of Common Stock
ProceedsFromIssuanceOfCommonStock
36900000 USD
CY2012Q3 aumn Sale Of Capital Unit Number Of Common Shares In Each Unit
SaleOfCapitalUnitNumberOfCommonSharesInEachUnit
1 shares
CY2012Q3 aumn Class Of Warrant Or Right Term Of Warrants Or Rights
ClassOfWarrantOrRightTermOfWarrantsOrRights
P5Y
CY2012Q3 aumn Class Of Warrant Or Right Number Of Securities Called By Each Warrant Or Right
ClassOfWarrantOrRightNumberOfSecuritiesCalledByEachWarrantOrRight
.5 shares
CY2011Q4 us-gaap Deferred Tax Assets Operating Loss Carryforwards
DeferredTaxAssetsOperatingLossCarryforwards
10100000 USD
us-gaap Deferred Income Tax Expense Benefit
DeferredIncomeTaxExpenseBenefit
-1100000 USD
us-gaap Deferred Income Taxes And Tax Credits
DeferredIncomeTaxesAndTaxCredits
-1070000 USD
us-gaap Deferred Income Taxes And Tax Credits
DeferredIncomeTaxesAndTaxCredits
-5857000 USD
us-gaap Foreign Currency Transaction Gain Loss Unrealized
ForeignCurrencyTransactionGainLossUnrealized
-472000 USD
aumn Operating Plan Term
OperatingPlanTerm
P25Y
us-gaap Effective Income Tax Rate Reconciliation At Federal Statutory Income Tax Rate
EffectiveIncomeTaxRateReconciliationAtFederalStatutoryIncomeTaxRate
0.34 pure

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