Coeur Mining (CDE) FY2014 results: revenue $636 million, down 14.8% on the year
Coeur Mining, Inc. (CDE) reported revenue of $636 million for fiscal 2014, the year ended 31 December 2014, down 14.8% on the year before. Net income was -$1.2 billion, and diluted earnings per share $-11.59. The figures are the company's own, from the 10-K it filed with the SEC on 9 February 2017.
Revenue
$636 million
-14.8% on the year
FY2008FY2014
Operating margin
-321.5%
-113.3% a year earlier
FY2008FY2014
Net income
-$1.2 billion
FY2008FY2014
Diluted EPS
-$11.59
FY2008FY2014
this yearthe year beforeHover a bar for its figure.
The year in brief
Income statement (profit and loss)
$ million
FY2014
FY2013
FY2012
On the year
Last 8 years
Revenue
636
746
895
-14.8%
Cost of revenue
478
464
455
+3.1%
Gross profit
158
49.5
222
+219.1%
Gross margin
24.8%
6.6%
24.8%
Operating income
-2,044
-845
156
Operating margin
-321.5%
-113.3%
17.4%
Interest expense
47.5
41.3
26.2
+15.1%
Pre-tax income
-1,615
-809
119
Income tax
-428
-158
70.8
Effective tax rate
n/a
n/a
59.3%
Net income
-1,187
-651
48.7
Net margin
-186.7%
-87.2%
5.4%
Diluted EPS
-$11.59
-$6.65
$0.54
$ 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
FY2014
FY2013
FY2012
On the year
Last 8 years
Operating cash flow
53.5
114
272
-53.0%
Capital expenditure
64.2
101
116
-36.3%
Free cash flow
-10.7
13.2
156
Free cash flow margin
-1.7%
1.8%
17.4%
Cash from investing
-81.7
-186
-133
Cash from financing
93.0
154
-188
-39.7%
Depreciation and amortisation
162
230
216
-29.2%
Share-based compensation
9.3
4.8
8.0
+93.0%
Buybacks
0.0
27.6
20.0
Diluted shares, weighted
102m
98m
90m
+4.7%
Shares outstanding at period end
n/a
n/a
90m
Balance sheet
$ million
FY2014
FY2013
FY2012
On the year
Last 8 years
Shareholders' equity
554
1,731
2,198
-68.0%
Debt
451
309
266
+46.1%
Other liabilities
431
847
757
-49.1%
Total liabilities and equity
1,437
2,886
3,221
-50.2%
Fixed assets
228
486
684
-53.1%
Investments
n/a
0.0
1.0
Cash and equivalents
240
207
125
+16.2%
Receivables
108
81.1
62.4
+33.1%
Inventory
115
132
171
-12.9%
Other assets
746
1,980
2,178
-62.3%
Total assets
1,437
2,886
3,221
-50.2%
10-K for the year ended 31 December 2014, filed 9 February 2017: the filing.