2019 Q2 Form 10-Q Financial Statement

#000143774919015859 Filed on August 08, 2019

View on sec.gov

Income Statement

Concept 2019 Q2 2018 Q2 2018 Q1
Revenue $134.2M $147.3M $139.7M
YoY Change -8.89% 9.67% -1.99%
Cost Of Revenue $154.4M $112.3M $100.9M
YoY Change 37.55% 7.39% -7.5%
Gross Profit -$20.24M $35.00M $38.79M
YoY Change -157.83% 17.68% 16.01%
Gross Profit Margin -15.09% 23.77% 27.76%
Selling, General & Admin $8.900M $9.800M $7.700M
YoY Change -9.18% -4.85% -16.3%
% of Gross Profit 28.0% 19.85%
Research & Development $158.0K $2.337M $1.436M
YoY Change -93.24% 649.04% 110.25%
% of Gross Profit 6.68% 3.7%
Depreciation & Amortization $50.50M $33.40M $29.49M
YoY Change 51.2% 22.34% -5.09%
% of Gross Profit 95.42% 76.03%
Operating Expenses $23.23M $31.25M $26.84M
YoY Change -25.64% 14.74% 40.91%
Operating Profit -$43.48M $3.756M $11.95M
YoY Change -1257.53% 49.58% -16.95%
Interest Expense $11.34M $10.08M $9.794M
YoY Change 12.46% -4.4% 14.93%
% of Operating Profit 268.34% 81.97%
Other Income/Expense, Net -$14.23M $8.745M -$2.941M
YoY Change -262.77% -178.83% -83.76%
Pretax Income -$57.71M $12.50M $9.008M
YoY Change -561.65% -245.67% -342.28%
Income Tax -$11.18M $427.0K $768.0K
% Of Pretax Income 3.42% 8.53%
Net Earnings -$46.53M $12.07M $8.240M
YoY Change -485.39% -148.4% -67.15%
Net Earnings / Revenue -34.68% 8.2% 5.9%
Basic Earnings Per Share -$0.10 $0.03 $0.02
Diluted Earnings Per Share -$0.10 $0.03 $0.02
COMMON SHARES
Basic Shares Outstanding 486.1M 400.6M 399.3M
Diluted Shares Outstanding 486.1M 403.6M 401.9M

Balance Sheet

Concept 2019 Q2 2018 Q2 2018 Q1
SHORT-TERM ASSETS
Cash & Short-Term Investments $9.400M $245.3M $246.9M
YoY Change -96.17% 20.82% 15.77%
Cash & Equivalents $9.434M $239.7M $212.6M
Short-Term Investments $5.556M $34.36M
Other Short-Term Assets $15.52M $17.01M $17.37M
YoY Change -8.71% 89.91% 110.38%
Inventory $80.60M $61.10M $62.80M
Prepaid Expenses
Receivables $6.900M $9.717M $19.71M
Other Receivables $32.70M $19.30M $19.30M
Total Short-Term Assets $145.4M $352.4M $366.1M
YoY Change -58.73% 20.77% 16.17%
LONG-TERM ASSETS
Property, Plant & Equipment $2.486B $2.007B $2.009B
YoY Change 23.89% -1.32% -1.19%
Goodwill
YoY Change
Intangibles
YoY Change
Long-Term Investments $5.800M $7.400M $7.700M
YoY Change -21.62% 57.45% 50.98%
Other Assets $10.17M $24.01M $13.95M
YoY Change -57.63% 598.49% 434.84%
Total Long-Term Assets $2.525B $2.040B $2.032B
YoY Change 23.77% -2.26% -2.84%
TOTAL ASSETS
Total Short-Term Assets $145.4M $352.4M $366.1M
Total Long-Term Assets $2.525B $2.040B $2.032B
Total Assets $2.671B $2.393B $2.398B
YoY Change 11.62% 0.56% -0.35%
SHORT-TERM LIABILITIES
YoY Change
Accounts Payable $69.30M $53.80M $51.60M
YoY Change 28.81% 12.08% -0.19%
Accrued Expenses $40.80M $38.00M $44.30M
YoY Change 7.37% 10.14% -3.7%
Deferred Revenue
YoY Change
Short-Term Debt $0.00 $0.00 $0.00
YoY Change
Long-Term Debt Due $5.400M $6.000M $5.700M
YoY Change -10.0%
Total Short-Term Liabilities $117.9M $105.3M $115.9M
YoY Change 11.89% -7.43% -12.6%
LONG-TERM LIABILITIES
Long-Term Debt $586.7M $533.2M $533.6M
YoY Change 10.02% 6.3% 6.44%
Other Long-Term Liabilities $5.974M $4.438M $2.784M
YoY Change 34.61% -30.81% -47.68%
Total Long-Term Liabilities $592.6M $537.7M $536.4M
YoY Change 10.22% 5.84% 5.87%
TOTAL LIABILITIES
Total Short-Term Liabilities $117.9M $105.3M $115.9M
Total Long-Term Liabilities $592.6M $537.7M $536.4M
Total Liabilities $1.031B $891.3M $903.6M
YoY Change 15.73% 1.66% 1.28%
SHAREHOLDERS EQUITY
Retained Earnings -$323.1M -$176.2M -$187.1M
YoY Change 83.4% 5.56% 32.01%
Common Stock $123.7M $101.6M $101.3M
YoY Change 21.7% 0.9% 1.32%
Preferred Stock
YoY Change
Treasury Stock (at cost) $22.38M $20.74M $19.27M
YoY Change 7.93% 17.5% 21.14%
Treasury Stock Shares $5.941M $5.227M $4.865M
Shareholders Equity $1.639B $1.479B $1.472B
YoY Change
Total Liabilities & Shareholders Equity $2.671B $2.393B $2.398B
YoY Change 11.62% 0.56% -0.35%

Cashflow Statement

Concept 2019 Q2 2018 Q2 2018 Q1
OPERATING ACTIVITIES
Net Income -$46.53M $12.07M $8.240M
YoY Change -485.39% -148.4% -67.15%
Depreciation, Depletion And Amortization $50.50M $33.40M $29.49M
YoY Change 51.2% 22.34% -5.09%
Cash From Operating Activities -$11.30M $30.60M $16.38M
YoY Change -136.93% 308.0% -57.21%
INVESTING ACTIVITIES
Capital Expenditures -$38.10M -$25.70M $17.64M
YoY Change 48.25% 5.76% -18.58%
Acquisitions
YoY Change
Other Investing Activities -$100.0K $28.60M $530.0K
YoY Change -100.35% -9633.33% -92.86%
Cash From Investing Activities -$38.20M $3.000M -$18.17M
YoY Change -1373.33% -112.24% -37.53%
FINANCING ACTIVITIES
Cash Dividend Paid $1.136M
YoY Change 0.8%
Common Stock Issuance & Retirement, Net $1.225M
YoY Change 67.58%
Debt Paid & Issued, Net
YoY Change
Cash From Financing Activities 46.80M -5.000M 27.34M
YoY Change -1036.0% -198.04% -781.14%
NET CHANGE
Cash From Operating Activities -11.30M 30.60M 16.38M
Cash From Investing Activities -38.20M 3.000M -18.17M
Cash From Financing Activities 46.80M -5.000M 27.34M
Net Change In Cash -2.700M 28.60M 26.44M
YoY Change -109.44% -340.34% 277.16%
FREE CASH FLOW
Cash From Operating Activities -$11.30M $30.60M $16.38M
Capital Expenditures -$38.10M -$25.70M $17.64M
Free Cash Flow $26.80M $56.30M -$1.252M
YoY Change -52.4% 77.04% -107.53%

Facts In Submission

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us-gaap Operating Income Loss
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CY2019Q2 us-gaap Assets
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CY2018Q4 us-gaap Assets
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CY2019Q2 hl Smelter And Refining Charges
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9910000 USD
CY2018Q2 hl Smelter And Refining Charges
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16258000 USD
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134172000 USD
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147259000 USD
us-gaap Revenue From Contract With Customer Including Assessed Tax
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286789000 USD
us-gaap Revenue From Contract With Customer Including Assessed Tax
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286968000 USD
CY2019Q2 hl Sales Revenue Goods Excluding Gain Loss On Forward Contracts
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132879000 USD
CY2018Q2 hl Sales Revenue Goods Excluding Gain Loss On Forward Contracts
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144563000 USD
hl Sales Revenue Goods Excluding Gain Loss On Forward Contracts
SalesRevenueGoodsExcludingGainLossOnForwardContracts
287972000 USD
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283657000 USD
CY2019Q2 hl Sales Revenue Goods Excluding Gain Loss On Forward Contracts
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132879000 USD
CY2018Q2 hl Sales Revenue Goods Excluding Gain Loss On Forward Contracts
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144563000 USD
hl Sales Revenue Goods Excluding Gain Loss On Forward Contracts
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287972000 USD
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283657000 USD
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1300000 USD
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1200000 USD
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2700000 USD
us-gaap Derivative Gain On Derivative
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3300000 USD
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6900000 USD
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4200000 USD
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30000 USD
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30000 USD
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us-gaap Defined Benefit Plan Net Periodic Benefit Cost
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714645
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1600000 USD
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2.30
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697341
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2700000 USD
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3.86
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1100000 USD
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1252000 USD
CY2019Q2 us-gaap Defined Benefit Plan Interest Cost
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1620000 USD
CY2018Q2 us-gaap Defined Benefit Plan Interest Cost
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1634000 USD
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15000 USD
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15000 USD
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2336000 USD
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1941000 USD
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2200000 USD
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3240000 USD
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2754000 USD
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2992000 USD
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36252000 USD
CY2019Q2 hl Longterm Debt Maturities Repayments Of Principal And Interest In Year Two
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603526000 USD
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2396000 USD
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2.50 pure
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5400000 USD
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5300000 USD
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20000000.0 USD
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P1Y9M18D
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4886000 USD
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2845000 USD
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487000 USD
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P5Y
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1000000.0 USD
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300000 USD
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1700000 USD
us-gaap Subsidiary Or Equity Method Investee Cumulative Percentage Ownership After All Transactions
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1 pure
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12501000 USD
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PaymentsToAcquirePropertyPlantAndEquipment
71245000 USD
us-gaap Payments For Proceeds From Other Investing Activities
PaymentsForProceedsFromOtherInvestingActivities
82000 USD
us-gaap Payments Of Dividends
PaymentsOfDividends
2706000 USD
us-gaap Proceeds From Issuance Of Long Term Debt
ProceedsFromIssuanceOfLongTermDebt
170000000 USD
us-gaap Repayments Of Long Term Debt And Capital Securities
RepaymentsOfLongTermDebtAndCapitalSecurities
121377000 USD
us-gaap Proceeds From Payments For Other Financing Activities
ProceedsFromPaymentsForOtherFinancingActivities
-1690000 USD
us-gaap Effect Of Exchange Rate On Cash And Cash Equivalents
EffectOfExchangeRateOnCashAndCashEquivalents
432000 USD
us-gaap Cash Cash Equivalents Restricted Cash And Restricted Cash Equivalents Period Increase Decrease Including Exchange Rate Effect
CashCashEquivalentsRestrictedCashAndRestrictedCashEquivalentsPeriodIncreaseDecreaseIncludingExchangeRateEffect
-17955000 USD
CY2018Q4 us-gaap Cash Cash Equivalents Restricted Cash And Restricted Cash Equivalents Including Disposal Group And Discontinued Operations
CashCashEquivalentsRestrictedCashAndRestrictedCashEquivalentsIncludingDisposalGroupAndDiscontinuedOperations
28414000 USD
CY2019Q2 us-gaap Cash Cash Equivalents Restricted Cash And Restricted Cash Equivalents Including Disposal Group And Discontinued Operations
CashCashEquivalentsRestrictedCashAndRestrictedCashEquivalentsIncludingDisposalGroupAndDiscontinuedOperations
10459000 USD
us-gaap Net Cash Provided By Used In Operating Activities
NetCashProvidedByUsedInOperatingActivities
47018000 USD
us-gaap Payments To Acquire Property Plant And Equipment
PaymentsToAcquirePropertyPlantAndEquipment
43304000 USD
us-gaap Payments For Proceeds From Other Investing Activities
PaymentsForProceedsFromOtherInvestingActivities
-28117000 USD
us-gaap Payments Of Dividends
PaymentsOfDividends
2276000 USD
us-gaap Proceeds From Issuance Of Long Term Debt
ProceedsFromIssuanceOfLongTermDebt
31024000 USD
us-gaap Repayments Of Long Term Debt And Capital Securities
RepaymentsOfLongTermDebtAndCapitalSecurities
3762000 USD
us-gaap Proceeds From Payments For Other Financing Activities
ProceedsFromPaymentsForOtherFinancingActivities
-2697000 USD
us-gaap Effect Of Exchange Rate On Cash And Cash Equivalents
EffectOfExchangeRateOnCashAndCashEquivalents
-532000 USD
us-gaap Cash Cash Equivalents Restricted Cash And Restricted Cash Equivalents Period Increase Decrease Including Exchange Rate Effect
CashCashEquivalentsRestrictedCashAndRestrictedCashEquivalentsPeriodIncreaseDecreaseIncludingExchangeRateEffect
53588000 USD
CY2017Q4 us-gaap Cash Cash Equivalents Restricted Cash And Restricted Cash Equivalents Including Disposal Group And Discontinued Operations
CashCashEquivalentsRestrictedCashAndRestrictedCashEquivalentsIncludingDisposalGroupAndDiscontinuedOperations
187139000 USD
CY2018Q2 us-gaap Cash Cash Equivalents Restricted Cash And Restricted Cash Equivalents Including Disposal Group And Discontinued Operations
CashCashEquivalentsRestrictedCashAndRestrictedCashEquivalentsIncludingDisposalGroupAndDiscontinuedOperations
240727000 USD

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