2013 Q3 Form 10-Q Financial Statement

#000110465913082308 Filed on November 07, 2013

View on sec.gov

Income Statement

Concept 2013 Q3 2012 Q3
Revenue $13.82M $11.70M
YoY Change 18.14%
Cost Of Revenue $7.907M $119.0K
YoY Change 6544.54%
Gross Profit $5.911M $11.58M
YoY Change -48.94%
Gross Profit Margin 42.78% 98.98%
Selling, General & Admin $5.540M $13.34M
YoY Change -58.47% 242.05%
% of Gross Profit 93.72% 115.23%
Research & Development $2.660M $6.710M
YoY Change -60.36% -55.62%
% of Gross Profit 45.0% 57.96%
Depreciation & Amortization $204.0K $266.0K
YoY Change -23.31% 48.6%
% of Gross Profit 3.45% 2.3%
Operating Expenses $8.510M $20.42M
YoY Change -58.33% 5.64%
Operating Profit -$8.845M -$10.63M
YoY Change -16.75% -49.97%
Interest Expense -$50.00K $1.600M
YoY Change -103.13% -165.57%
% of Operating Profit
Other Income/Expense, Net -$48.00K $1.602M
YoY Change -103.0% -165.63%
Pretax Income -$8.893M -$9.023M
YoY Change -1.44% -61.9%
Income Tax -$12.16M -$6.369M
% Of Pretax Income
Net Earnings $3.260M -$2.650M
YoY Change -223.02% -88.81%
Net Earnings / Revenue 23.59% -22.66%
Basic Earnings Per Share $0.01 -$0.01
Diluted Earnings Per Share $0.01 -$0.01
COMMON SHARES
Basic Shares Outstanding 297.1M shares 268.4M shares
Diluted Shares Outstanding 297.9M shares 268.4M shares

Balance Sheet

Concept 2013 Q3 2012 Q3
SHORT-TERM ASSETS
Cash & Short-Term Investments $31.10M $20.20M
YoY Change 53.96% -67.26%
Cash & Equivalents $31.06M $18.52M
Short-Term Investments $0.00 $1.700M
Other Short-Term Assets $1.922M $4.900M
YoY Change -60.78% 60.45%
Inventory $7.800M $2.783M
Prepaid Expenses
Receivables
Other Receivables
Total Short-Term Assets $50.92M $36.02M
YoY Change 41.37% -44.35%
LONG-TERM ASSETS
Property, Plant & Equipment $15.14M $13.48M
YoY Change 12.31% 15.09%
Goodwill
YoY Change
Intangibles
YoY Change
Long-Term Investments $177.1M $271.2M
YoY Change -34.7%
Other Assets $84.00K $54.00K
YoY Change 55.56% 800.0%
Total Long-Term Assets $922.3M $1.075B
YoY Change -14.22% 309.81%
TOTAL ASSETS
Total Short-Term Assets $50.92M $36.02M
Total Long-Term Assets $922.3M $1.075B
Total Assets $973.3M $1.111B
YoY Change -12.41% 239.73%
SHORT-TERM LIABILITIES
YoY Change
Accounts Payable $10.00M $7.200M
YoY Change 38.89% 26.32%
Accrued Expenses
YoY Change
Deferred Revenue
YoY Change
Short-Term Debt $0.00 $0.00
YoY Change
Long-Term Debt Due
YoY Change
Total Short-Term Liabilities $11.39M $7.504M
YoY Change 51.81% 10.87%
LONG-TERM LIABILITIES
Long-Term Debt $0.00 $0.00
YoY Change
Other Long-Term Liabilities $400.0K $400.0K
YoY Change 0.0% 0.0%
Total Long-Term Liabilities $400.0K $400.0K
YoY Change 0.0% 0.0%
TOTAL LIABILITIES
Total Short-Term Liabilities $11.39M $7.504M
Total Long-Term Liabilities $400.0K $400.0K
Total Liabilities $215.6M $256.8M
YoY Change -16.07% 180.77%
SHAREHOLDERS EQUITY
Retained Earnings -$596.3M -$433.8M
YoY Change 37.45% 15.09%
Common Stock $1.354B $1.288B
YoY Change 5.11% 110.17%
Preferred Stock
YoY Change
Treasury Stock (at cost)
YoY Change
Treasury Stock Shares
Shareholders Equity $757.7M $854.6M
YoY Change
Total Liabilities & Shareholders Equity $973.3M $1.111B
YoY Change -12.41% 239.73%

Cashflow Statement

Concept 2013 Q3 2012 Q3
OPERATING ACTIVITIES
Net Income $3.260M -$2.650M
YoY Change -223.02% -88.81%
Depreciation, Depletion And Amortization $204.0K $266.0K
YoY Change -23.31% 48.6%
Cash From Operating Activities $1.740M $2.420M
YoY Change -28.1% 1110.0%
INVESTING ACTIVITIES
Capital Expenditures -$3.480M -$260.0K
YoY Change 1238.46% -97.3%
Acquisitions
YoY Change
Other Investing Activities $1.450M $16.01M
YoY Change -90.94% 95.24%
Cash From Investing Activities -$2.030M $15.75M
YoY Change -112.89% -1201.4%
FINANCING ACTIVITIES
Cash Dividend Paid
YoY Change
Common Stock Issuance & Retirement, Net
YoY Change
Debt Paid & Issued, Net
YoY Change
Cash From Financing Activities 70.00K 260.0K
YoY Change -73.08%
NET CHANGE
Cash From Operating Activities 1.740M 2.420M
Cash From Investing Activities -2.030M 15.75M
Cash From Financing Activities 70.00K 260.0K
Net Change In Cash -220.0K 18.43M
YoY Change -101.19% -1598.37%
FREE CASH FLOW
Cash From Operating Activities $1.740M $2.420M
Capital Expenditures -$3.480M -$260.0K
Free Cash Flow $5.220M $2.680M
YoY Change 94.78% -72.71%

Facts In Submission

Frame Concept Type Concept / XBRL Key Value Unit
dei Document Fiscal Period Focus
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us-gaap Net Cash Provided By Used In Continuing Operations
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mux Stock Issued During Period Value Issued For Litigation Settlement
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mux Gain On Litigation Settlement
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us-gaap Foreign Currency Transaction Gain Loss Unrealized
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dei Entity Registrant Name
EntityRegistrantName
McEwen Mining Inc.
dei Entity Central Index Key
EntityCentralIndexKey
0000314203
dei Document Type
DocumentType
10-Q
dei Document Period End Date
DocumentPeriodEndDate
2013-09-30
dei Amendment Flag
AmendmentFlag
false
dei Current Fiscal Year End Date
CurrentFiscalYearEndDate
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dei Entity Current Reporting Status
EntityCurrentReportingStatus
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dei Entity Filer Category
EntityFilerCategory
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CY2013Q4 mux Exchangeable Common Stock Shares Outstanding Dei
ExchangeableCommonStockSharesOutstandingDEI
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us-gaap Earnings Per Share Diluted
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us-gaap Earnings Per Share Diluted
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us-gaap Weighted Average Number Of Shares Outstanding Basic
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us-gaap Weighted Average Number Of Shares Outstanding Basic
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CY2013Q3 us-gaap Weighted Average Number Of Diluted Shares Outstanding
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us-gaap Antidilutive Securities Excluded From Computation Of Earnings Per Share Amount
AntidilutiveSecuritiesExcludedFromComputationOfEarningsPerShareAmount
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CY2013Q3 mux Number Of Mining Contractors With Which Entity Has Entered Into Agreement
NumberOfMiningContractorsWithWhichEntityHasEnteredIntoAgreement
1 Item
mux Term Of Agreement
TermOfAgreement
P6M
mux Number Of Shares Agreed To Be Issued Under Agreement
NumberOfSharesAgreedToBeIssuedUnderAgreement
15800 shares
CY2012Q3 us-gaap Antidilutive Securities Excluded From Computation Of Earnings Per Share Amount
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CY2013Q3 us-gaap Common Stock No Par Value
CommonStockNoParValue
CY2012Q4 us-gaap Common Stock No Par Value
CommonStockNoParValue

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