2018 Q1 Form 10-Q Financial Statement

#000021546618000085 Filed on April 25, 2018

View on sec.gov

Income Statement

Concept 2018 Q1 2017 Q1
Revenue $163.3M $185.6M
YoY Change -12.01% 45.98%
Cost Of Revenue $99.34M $114.5M
YoY Change -13.23% 36.2%
Gross Profit $33.15M $32.37M
YoY Change 2.41% -24.81%
Gross Profit Margin 20.3% 17.45%
Selling, General & Admin $13.00M $14.00M
YoY Change -7.14% 12.0%
% of Gross Profit 39.22% 43.25%
Research & Development $6.700M $5.300M
YoY Change 26.42% 211.76%
% of Gross Profit 20.21% 16.37%
Depreciation & Amortization $30.78M $38.69M
YoY Change -20.46% 47.63%
% of Gross Profit 92.84% 119.53%
Operating Expenses $149.8M $172.4M
YoY Change -13.09% 16.35%
Operating Profit -$116.7M -$140.0M
YoY Change -16.67% 33.2%
Interest Expense $5.965M $3.579M
YoY Change 66.67% -67.81%
% of Operating Profit
Other Income/Expense, Net -$798.0K $16.02M
YoY Change -104.98% -186.59%
Pretax Income $12.64M $29.18M
YoY Change -56.68% -259.52%
Income Tax $11.90M $10.88M
% Of Pretax Income 94.15% 37.28%
Net Earnings $1.241M $18.66M
YoY Change -93.35% -191.5%
Net Earnings / Revenue 0.76% 10.06%
Basic Earnings Per Share $0.00 $0.10
Diluted Earnings Per Share $0.00 $0.10
COMMON SHARES
Basic Shares Outstanding 184.4M shares 178.9M shares
Diluted Shares Outstanding 187.6M shares 183.1M shares

Balance Sheet

Concept 2018 Q1 2017 Q1
SHORT-TERM ASSETS
Cash & Short-Term Investments $159.6M $210.0M
YoY Change -24.0% 21.11%
Cash & Equivalents $159.6M $160.6M
Short-Term Investments
Other Short-Term Assets $18.20M $22.45M
YoY Change -18.92% 70.98%
Inventory $61.72M $73.76M
Prepaid Expenses
Receivables $35.86M $67.06M
Other Receivables $32.10M $58.30M
Total Short-Term Assets $351.0M $439.9M
YoY Change -20.2% 4.55%
LONG-TERM ASSETS
Property, Plant & Equipment $266.2M $222.6M
YoY Change 19.56% 0.76%
Goodwill
YoY Change
Intangibles
YoY Change
Long-Term Investments $37.30M $3.800M
YoY Change 881.58% -30.91%
Other Assets $18.65M $15.27M
YoY Change 22.17% 6.09%
Total Long-Term Assets $1.311B $897.9M
YoY Change 46.01% -0.72%
TOTAL ASSETS
Total Short-Term Assets $351.0M $439.9M
Total Long-Term Assets $1.311B $897.9M
Total Assets $1.662B $1.338B
YoY Change 24.23% 0.95%
SHORT-TERM LIABILITIES
YoY Change
Accounts Payable $44.86M $47.37M
YoY Change -5.29% 0.88%
Accrued Expenses $44.00M $38.00M
YoY Change 15.79% -9.52%
Deferred Revenue
YoY Change
Short-Term Debt $0.00 $0.00
YoY Change
Long-Term Debt Due $17.00M $13.50M
YoY Change 25.93% -19.64%
Total Short-Term Liabilities $170.8M $107.4M
YoY Change 59.08% -17.67%
LONG-TERM LIABILITIES
Long-Term Debt $397.0M $205.6M
YoY Change 93.09% -58.41%
Other Long-Term Liabilities $55.43M $59.85M
YoY Change -7.38% 2.97%
Total Long-Term Liabilities $676.8M $443.7M
YoY Change 52.52% -43.8%
TOTAL LIABILITIES
Total Short-Term Liabilities $170.8M $107.4M
Total Long-Term Liabilities $676.8M $443.7M
Total Liabilities $847.6M $551.1M
YoY Change 53.8% -40.09%
SHAREHOLDERS EQUITY
Retained Earnings -$2.543B -$2.527B
YoY Change 0.64% -3.6%
Common Stock $3.358B $3.316B
YoY Change 1.24% 9.51%
Preferred Stock
YoY Change
Treasury Stock (at cost)
YoY Change
Treasury Stock Shares
Shareholders Equity $814.3M $786.6M
YoY Change
Total Liabilities & Shareholders Equity $1.662B $1.338B
YoY Change 24.23% 0.95%

Cashflow Statement

Concept 2018 Q1 2017 Q1
OPERATING ACTIVITIES
Net Income $1.241M $18.66M
YoY Change -93.35% -191.5%
Depreciation, Depletion And Amortization $30.78M $38.69M
YoY Change -20.46% 47.63%
Cash From Operating Activities $15.54M $55.27M
YoY Change -71.88% 4994.1%
INVESTING ACTIVITIES
Capital Expenditures -$42.30M -$23.60M
YoY Change 79.24% 6.31%
Acquisitions $0.00
YoY Change
Other Investing Activities $65.00K $14.00K
YoY Change 364.29% -99.05%
Cash From Investing Activities -$69.56M $30.00K
YoY Change -231973.33% -100.16%
FINANCING ACTIVITIES
Cash Dividend Paid
YoY Change
Common Stock Issuance & Retirement, Net
YoY Change
Debt Paid & Issued, Net
YoY Change
Cash From Financing Activities -$8.077M -$6.473M
YoY Change 24.78% -57.92%
NET CHANGE
Cash From Operating Activities $15.54M $55.27M
Cash From Investing Activities -$69.56M $30.00K
Cash From Financing Activities -$8.077M -$6.473M
Net Change In Cash -$64.23M $49.38M
YoY Change -230.07% -249.9%
FREE CASH FLOW
Cash From Operating Activities $15.54M $55.27M
Capital Expenditures -$42.30M -$23.60M
Free Cash Flow $57.84M $78.87M
YoY Change -26.66% 238.72%

Facts In Submission

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CY2018Q1 us-gaap Nature Of Operations
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<div style="font-family:Times New Roman;font-size:10pt;"><div style="line-height:120%;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;font-weight:bold;"></font></div><div style="line-height:120%;padding-top:9px;text-align:justify;text-indent:48px;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">The interim condensed consolidated financial statements of Coeur Mining, Inc. and its subsidiaries (collectively, &#8220;Coeur&#8221; or the &#8220;Company&#8221;) are unaudited. In the opinion of management, all adjustments and disclosures necessary for the fair presentation of these interim statements have been included. The results reported in these interim statements may not be indicative of the results which will be reported for the year ending December 31, 2018. The condensed consolidated December 31, 2017 balance sheet data was derived from audited consolidated financial statements. Accordingly, these unaudited interim condensed consolidated financial statements should be read in conjunction with the audited consolidated financial statements included in the Company&#8217;s Annual Report on Form 10-K for the year ended December 31, 2017 (the &#8220;2017 10-K&#8221;).</font></div></div>

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