2021 Q4 Form 10-Q Financial Statement

#000143774921025360 Filed on November 05, 2021

View on sec.gov

Income Statement

Concept 2021 Q4 2021 Q3 2020 Q3
Revenue $185.1M $193.6M $199.7M
YoY Change -2.02% -3.08% 23.63%
Cost Of Revenue $131.8M $158.3M $141.0M
YoY Change -7.22% 12.28% -3.84%
Gross Profit $53.24M $35.23M $58.69M
YoY Change 13.76% -39.97% 294.41%
Gross Profit Margin 28.77% 18.2% 29.39%
Selling, General & Admin $6.585M $8.874M $11.70M
YoY Change -16.65% -24.15% 46.25%
% of Gross Profit 12.37% 25.19% 19.94%
Research & Development $19.91M $17.11M $0.00
YoY Change 134.21% -100.0%
% of Gross Profit 37.39% 48.56% 0.0%
Depreciation & Amortization $32.85M $41.68M $42.70M
YoY Change -11.45% -2.39% -18.2%
% of Gross Profit 61.7% 118.31% 72.76%
Operating Expenses $25.34M $43.80M $22.17M
YoY Change 22.39% 97.54% 10.9%
Operating Profit $27.91M -$8.572M $36.52M
YoY Change 6.92% -123.48% -814.16%
Interest Expense -$35.21M $10.47M $10.78M
YoY Change 37.54% -2.88% -8.47%
% of Operating Profit -126.17% 29.52%
Other Income/Expense, Net -$382.0K $3.060M -$16.05M
YoY Change 282.0% -119.06% 0.23%
Pretax Income -$13.77M -$5.512M $20.46M
YoY Change 4490.0% -126.94% -196.83%
Income Tax -$25.65M -$4.533M $5.181M
% Of Pretax Income 25.32%
Net Earnings $11.88M -$979.0K $15.28M
YoY Change 1384.38% -106.41% -178.29%
Net Earnings / Revenue 6.42% -0.51% 7.65%
Basic Earnings Per Share $0.00 $0.03
Diluted Earnings Per Share $21.85K $0.00 $0.03
COMMON SHARES
Basic Shares Outstanding 538.1M 537.0M 529.8M
Diluted Shares Outstanding 537.0M 535.8M

Balance Sheet

Concept 2021 Q4 2021 Q3 2020 Q3
SHORT-TERM ASSETS
Cash & Short-Term Investments $210.0M $190.9M $98.70M
YoY Change 61.8% 93.42% 199.09%
Cash & Equivalents $210.0M $190.9M $98.67M
Short-Term Investments
Other Short-Term Assets $16.56M $12.74M $7.301M
YoY Change -13.38% 74.55% -29.8%
Inventory $67.77M $58.44M $87.60M
Prepaid Expenses
Receivables $36.44M $32.82M $28.50M
Other Receivables $8.149M $10.15M $12.90M
Total Short-Term Assets $341.6M $310.3M $235.2M
YoY Change 20.16% 31.95% 31.43%
LONG-TERM ASSETS
Property, Plant & Equipment $2.311B $2.331B $2.342B
YoY Change -2.83% -0.47% -4.62%
Goodwill
YoY Change
Intangibles
YoY Change
Long-Term Investments $10.84M $8.030M $17.40M
YoY Change -28.19% -53.85% 138.36%
Other Assets $3.974M $3.511M $4.205M
YoY Change -50.84% -16.5% -55.04%
Total Long-Term Assets $2.387B $2.364B $2.380B
YoY Change -1.19% -0.67% -4.58%
TOTAL ASSETS
Total Short-Term Assets $341.6M $310.3M $235.2M
Total Long-Term Assets $2.387B $2.364B $2.380B
Total Assets $2.729B $2.674B $2.615B
YoY Change 1.06% 2.27% -2.17%
SHORT-TERM LIABILITIES
YoY Change
Accounts Payable $68.10M $62.57M $55.30M
YoY Change -0.58% 13.15% -4.49%
Accrued Expenses $54.91M $45.14M $43.60M
YoY Change 0.57% 3.52% -15.34%
Deferred Revenue
YoY Change
Short-Term Debt $0.00 $0.00 $0.00
YoY Change
Long-Term Debt Due $5.612M $5.637M $6.200M
YoY Change -13.66% -9.08% 8.77%
Total Short-Term Liabilities $160.4M $126.2M $125.4M
YoY Change 8.95% 0.63% -14.02%
LONG-TERM LIABILITIES
Long-Term Debt $515.9M $516.3M $503.7M
YoY Change -0.12% 2.49% -13.84%
Other Long-Term Liabilities $9.611M $4.787M $6.153M
YoY Change 121.15% -22.2% -24.16%
Total Long-Term Liabilities $9.611M $4.787M $6.153M
YoY Change 121.15% -22.2% -98.96%
TOTAL LIABILITIES
Total Short-Term Liabilities $160.4M $126.2M $125.4M
Total Long-Term Liabilities $9.611M $4.787M $6.153M
Total Liabilities $968.0M $931.4M $921.5M
YoY Change -1.87% 1.08% -12.78%
SHAREHOLDERS EQUITY
Retained Earnings -$353.7M -$362.0M -$375.5M
YoY Change -3.92% -3.6% 9.18%
Common Stock $136.4M $136.4M $134.4M
YoY Change 1.31% 1.44% 8.29%
Preferred Stock
YoY Change
Treasury Stock (at cost) $28.02M $28.02M $23.50M
YoY Change 19.26% 19.26% 2.27%
Treasury Stock Shares $7.395M $7.395M $6.821M
Shareholders Equity $1.761B $1.743B $1.703B
YoY Change
Total Liabilities & Shareholders Equity $2.729B $2.674B $2.615B
YoY Change 1.06% 2.27% -2.17%

Cashflow Statement

Concept 2021 Q4 2021 Q3 2020 Q3
OPERATING ACTIVITIES
Net Income $11.88M -$979.0K $15.28M
YoY Change 1384.38% -106.41% -178.29%
Depreciation, Depletion And Amortization $32.85M $41.68M $42.70M
YoY Change -11.45% -2.39% -18.2%
Cash From Operating Activities $53.35M $42.74M $73.40M
YoY Change -17.79% -41.77% 33.7%
INVESTING ACTIVITIES
Capital Expenditures -$28.84M -$26.90M -$23.70M
YoY Change -21.21% 13.5% -9.2%
Acquisitions
YoY Change
Other Investing Activities -$154.0K $2.042M -$1.000M
YoY Change -69.2% -304.2% -162.5%
Cash From Investing Activities -$28.99M -$24.86M -$24.60M
YoY Change -22.06% 1.04% 0.0%
FINANCING ACTIVITIES
Cash Dividend Paid
YoY Change
Common Stock Issuance & Retirement, Net
YoY Change
Debt Paid & Issued, Net
YoY Change
Cash From Financing Activities -5.198M -8.032M -26.00M
YoY Change -299.92% -69.11% 293.94%
NET CHANGE
Cash From Operating Activities 53.35M 42.74M 73.40M
Cash From Investing Activities -28.99M -24.86M -24.60M
Cash From Financing Activities -5.198M -8.032M -26.00M
Net Change In Cash 19.17M 9.853M 22.80M
YoY Change -36.75% -56.79% -3.8%
FREE CASH FLOW
Cash From Operating Activities $53.35M $42.74M $73.40M
Capital Expenditures -$28.84M -$26.90M -$23.70M
Free Cash Flow $82.19M $69.64M $97.10M
YoY Change -19.02% -28.28% 19.88%

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0
CY2020Q3 us-gaap Weighted Average Number Diluted Shares Outstanding Adjustment
WeightedAverageNumberDilutedSharesOutstandingAdjustment
5950000
us-gaap Weighted Average Number Diluted Shares Outstanding Adjustment
WeightedAverageNumberDilutedSharesOutstandingAdjustment
6227000
us-gaap Weighted Average Number Diluted Shares Outstanding Adjustment
WeightedAverageNumberDilutedSharesOutstandingAdjustment
0
CY2021Q3 us-gaap Weighted Average Number Of Diluted Shares Outstanding
WeightedAverageNumberOfDilutedSharesOutstanding
536966000
CY2020Q3 us-gaap Weighted Average Number Of Diluted Shares Outstanding
WeightedAverageNumberOfDilutedSharesOutstanding
535788000
us-gaap Weighted Average Number Of Diluted Shares Outstanding
WeightedAverageNumberOfDilutedSharesOutstanding
541769000
us-gaap Weighted Average Number Of Diluted Shares Outstanding
WeightedAverageNumberOfDilutedSharesOutstanding
526098000
us-gaap Incremental Common Shares Attributable To Share Based Payment Arrangements
IncrementalCommonSharesAttributableToShareBasedPaymentArrangements
2496622
us-gaap Incremental Common Shares Attributable To Call Options And Warrants
IncrementalCommonSharesAttributableToCallOptionsAndWarrants
1578293
hl Incremental Common Shares Attributable To Dilutive Effect Of Deferred Shares
IncrementalCommonSharesAttributableToDilutiveEffectOfDeferredShares
2152578
CY2020Q3 us-gaap Incremental Common Shares Attributable To Share Based Payment Arrangements
IncrementalCommonSharesAttributableToShareBasedPaymentArrangements
2499956
CY2020Q3 us-gaap Incremental Common Shares Attributable To Call Options And Warrants
IncrementalCommonSharesAttributableToCallOptionsAndWarrants
1454246
CY2020Q3 hl Incremental Common Shares Attributable To Dilutive Effect Of Deferred Shares
IncrementalCommonSharesAttributableToDilutiveEffectOfDeferredShares
1996112
CY2021Q3 us-gaap Allocated Share Based Compensation Expense
AllocatedShareBasedCompensationExpense
1500000 USD
us-gaap Allocated Share Based Compensation Expense
AllocatedShareBasedCompensationExpense
4800000 USD
CY2020Q3 us-gaap Allocated Share Based Compensation Expense
AllocatedShareBasedCompensationExpense
2800000 USD
us-gaap Allocated Share Based Compensation Expense
AllocatedShareBasedCompensationExpense
5200000 USD
us-gaap Shares Paid For Tax Withholding For Share Based Compensation
SharesPaidForTaxWithholdingForShareBasedCompensation
574251
us-gaap Adjustments Related To Tax Withholding For Share Based Compensation
AdjustmentsRelatedToTaxWithholdingForShareBasedCompensation
4500000 USD
CY2021Q3 hl Shares Withheld For Tax Withholding Obligation Price Per Share
SharesWithheldForTaxWithholdingObligationPricePerShare
7.88
us-gaap Shares Paid For Tax Withholding For Share Based Compensation
SharesPaidForTaxWithholdingForShareBasedCompensation
1183773
us-gaap Adjustments Related To Tax Withholding For Share Based Compensation
AdjustmentsRelatedToTaxWithholdingForShareBasedCompensation
2700000 USD
CY2020Q3 hl Shares Withheld For Tax Withholding Obligation Price Per Share
SharesWithheldForTaxWithholdingObligationPricePerShare
2.32
CY2021Q2 hl Average Realized Silver Price Per Ounce
AverageRealizedSilverPricePerOunce
20
CY2021Q3 hl Average Realized Silver Price Per Ounce
AverageRealizedSilverPricePerOunce
25
CY2021Q1 hl Average Realized Silver Price Per Ounce
AverageRealizedSilverPricePerOunce
25.66
CY2021Q2 hl Average Realized Silver Price Per Ounce
AverageRealizedSilverPricePerOunce
27.14
CY2021Q3 hl Average Realized Silver Price Per Ounce
AverageRealizedSilverPricePerOunce
23.97
CY2021Q2 us-gaap Dividends
Dividends
6000000.0 USD
CY2021Q3 us-gaap Finance Lease Liability Payments Due In Next Rolling Twelve Months
FinanceLeaseLiabilityPaymentsDueInNextRollingTwelveMonths
6336000 USD
CY2021Q3 us-gaap Lessee Operating Lease Liability Payments Due Next Rolling Twelve Months
LesseeOperatingLeaseLiabilityPaymentsDueNextRollingTwelveMonths
3166000 USD
CY2021Q3 us-gaap Finance Lease Liability Payments Due In Rolling Year Two
FinanceLeaseLiabilityPaymentsDueInRollingYearTwo
4590000 USD
CY2021Q3 us-gaap Lessee Operating Lease Liability Payments Due In Rolling Year Two
LesseeOperatingLeaseLiabilityPaymentsDueInRollingYearTwo
2590000 USD
CY2021Q3 us-gaap Finance Lease Liability Payments Due In Rolling Year Three
FinanceLeaseLiabilityPaymentsDueInRollingYearThree
3313000 USD
CY2021Q3 us-gaap Lessee Operating Lease Liability Payments Due In Rolling Year Three
LesseeOperatingLeaseLiabilityPaymentsDueInRollingYearThree
1037000 USD
CY2021Q3 us-gaap Finance Lease Liability Payments Due In Rolling Year Four
FinanceLeaseLiabilityPaymentsDueInRollingYearFour
855000 USD
CY2021Q3 us-gaap Lessee Operating Lease Liability Payments Due In Rolling Year Four
LesseeOperatingLeaseLiabilityPaymentsDueInRollingYearFour
533000 USD
CY2021Q3 us-gaap Finance Lease Liability Payments Due In Rolling Year Five
FinanceLeaseLiabilityPaymentsDueInRollingYearFive
0 USD
CY2021Q3 us-gaap Lessee Operating Lease Liability Payments Due In Rolling Year Five
LesseeOperatingLeaseLiabilityPaymentsDueInRollingYearFive
524000 USD
CY2021Q3 us-gaap Finance Lease Liability Payments Due In Rolling After Year Five
FinanceLeaseLiabilityPaymentsDueInRollingAfterYearFive
0 USD
CY2021Q3 us-gaap Lessee Operating Lease Liability Payments Due After Rolling Year Five
LesseeOperatingLeaseLiabilityPaymentsDueAfterRollingYearFive
1953000 USD
CY2021Q3 us-gaap Finance Lease Liability Payments Due
FinanceLeaseLiabilityPaymentsDue
15094000 USD
CY2021Q3 us-gaap Lessee Operating Lease Liability Payments Due
LesseeOperatingLeaseLiabilityPaymentsDue
9803000 USD
CY2021Q3 hl Maximum Allocation Of Forecasted Cad Demonimated Operating Costs
MaximumAllocationOfForecastedCADDemonimatedOperatingCosts
0.75 pure
CY2021Q3 us-gaap Aoci Loss Cash Flow Hedge Cumulative Gain Loss After Tax
AociLossCashFlowHedgeCumulativeGainLossAfterTax
4800000 USD
us-gaap Foreign Currency Cash Flow Hedge Gain Loss Reclassified To Earnings Net
ForeignCurrencyCashFlowHedgeGainLossReclassifiedToEarningsNet
3500000 USD
us-gaap Gain Loss On Components Excluded From Assessment Of Foreign Currency Cash Flow Hedge Effectiveness
GainLossOnComponentsExcludedFromAssessmentOfForeignCurrencyCashFlowHedgeEffectiveness
0 USD
CY2021Q3 us-gaap Contractual Obligation
ContractualObligation
700000 USD
CY2021Q3 us-gaap Finance Lease Liability Payments Due
FinanceLeaseLiabilityPaymentsDue
15100000 USD
CY2021Q3 us-gaap Lessee Operating Lease Liability Payments Due
LesseeOperatingLeaseLiabilityPaymentsDue
9800000 USD

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