Coeur Mining (CDE) FY2013 results: revenue $746 million, down 16.7% on the year
Coeur Mining, Inc. (CDE) reported revenue of $746 million for fiscal 2013, the year ended 31 December 2013, down 16.7% on the year before. Net income was -$651 million, and diluted earnings per share $-6.65. The figures are the company's own, from the 10-K it filed with the SEC on 26 February 2014.
Revenue
$746 million
-16.7% on the year
FY2008FY2013
Operating margin
-113.3%
17.4% a year earlier
FY2008FY2013
Net income
-$651 million
FY2008FY2013
Diluted EPS
-$6.65
FY2008FY2013
this yearthe year beforeHover a bar for its figure.
The year in brief
Income statement (profit and loss)
$ million
FY2013
FY2012
FY2011
On the year
Last 8 years
Revenue
746
895
247
-16.7%
Cost of revenue
464
455
109
+2.0%
Gross profit
49.5
222
138
-77.7%
Gross margin
6.6%
24.8%
55.8%
Operating income
-845
156
307
Operating margin
-113.3%
17.4%
124.3%
Interest expense
41.3
26.2
34.8
+57.8%
Pre-tax income
-809
119
208
Income tax
-158
70.8
115
Effective tax rate
n/a
59.3%
55.2%
Net income
-651
48.7
29.3
Net margin
-87.2%
5.4%
11.9%
Diluted EPS
-$6.65
$0.54
$0.13
$ million except per share. Read moreFree cash flow is operating cash flow less capital expenditure; the effective tax rate is income tax over pre-tax income; margins are the line over revenue. Gross profit is revenue less cost of revenue, and operating income is revenue less the company's own total costs, where the statement does not print those lines. Those four are arithmetic on the filed numbers; everything else is as filed. Money is in $ million as the company files it, or in $ billion by the switch above the tables; per share figures and share counts are as they are.
Cash flow
$ million
FY2013
FY2012
FY2011
On the year
Last 8 years
Operating cash flow
114
272
87.4
-58.0%
Capital expenditure
101
116
40.2
-12.8%
Free cash flow
13.2
156
47.2
-91.6%
Free cash flow margin
1.8%
17.4%
19.1%
Cash from investing
-186
-133
-161
Cash from financing
154
-188
-146
Depreciation and amortisation
230
216
55.8
+6.3%
Share-based compensation
4.8
8.0
8.1
-39.9%
Buybacks
27.6
20.0
0.0
+38.0%
Diluted shares, weighted
98m
90m
90m
+9.2%
Shares outstanding at period end
n/a
90m
90m
Balance sheet
$ million
FY2013
FY2012
FY2011
On the year
Last 8 years
Shareholders' equity
1,731
2,198
2,137
-21.3%
Short-term borrowings
n/a
n/a
0.0
Debt
309
266
380
+15.8%
Other liabilities
847
757
748
+11.9%
Total liabilities and equity
2,886
3,221
3,264
-10.4%
Fixed assets
486
684
688
-28.9%
Investments
0.0
1.0
20.3
Cash and equivalents
207
125
175
+64.8%
Receivables
81.1
62.4
83.5
+29.8%
Inventory
132
171
133
-22.6%
Other assets
1,980
2,178
2,165
-9.1%
Total assets
2,886
3,221
3,264
-10.4%
10-K for the year ended 31 December 2013, filed 26 February 2014: the filing.