Coeur Mining (CDE) FY2019 results: revenue $712 million, up 13.7% on the year
Coeur Mining, Inc. (CDE) reported revenue of $712 million for fiscal 2019, the year ended 31 December 2019, up 13.7% on the year before. Net income was -$341 million, and diluted earnings per share $-1.56. The figures are the company's own, from the 10-K it filed with the SEC on 19 February 2020.
Revenue
$712 million
+13.7% on the year
FY2012FY2019
Operating margin
-48.5%
-3.2% a year earlier
FY2012FY2019
Net income
-$341 million
FY2012FY2019
Diluted EPS
-$1.56
FY2012FY2019
this yearthe year beforeHover a bar for its figure.
The year in brief
Income statement (profit and loss)
$ million
FY2019
FY2018
FY2017
On the year
Last 8 years
Revenue
712
626
710
+13.7%
Cost of revenue
n/a
n/a
440
Gross profit
n/a
n/a
269
Gross margin
n/a
n/a
38.0%
Operating income
-345
-20.3
-400
Operating margin
-48.5%
-3.2%
-56.4%
Interest expense
24.8
24.4
16.4
+1.7%
Pre-tax income
-358
-65.7
39.9
Income tax
-11.1
-16.8
29.0
Effective tax rate
n/a
n/a
72.6%
Net income
-341
-48.4
-1.3
Net margin
-48.0%
-7.7%
-0.2%
Diluted EPS
-$1.56
-$0.26
-$0.01
$ 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
FY2019
FY2018
FY2017
On the year
Last 8 years
Operating cash flow
91.9
17.4
208
+427.5%
Capital expenditure
99.8
141
137
-29.1%
Free cash flow
-7.9
-123
71.7
Free cash flow margin
-1.1%
-19.7%
10.1%
Cash from investing
-92.6
-130
-279
Cash from financing
-60.9
-5.2
136
Depreciation and amortisation
179
128
147
+39.2%
Share-based compensation
9.2
8.3
10.5
+10.3%
Diluted shares, weighted
219m
189m
184m
+16.0%
Shares outstanding at period end
242m
n/a
n/a
Balance sheet
$ million
FY2019
FY2018
FY2017
On the year
Last 8 years
Shareholders' equity
667
853
815
-21.8%
Debt
273
434
381
-37.1%
Operating lease liabilities
40.6
n/a
n/a
Other liabilities
398
426
506
-6.5%
Total liabilities and equity
1,379
1,712
1,701
-19.5%
Fixed assets
249
298
255
-16.6%
Cash and equivalents
55.6
115
192
-51.6%
Receivables
18.7
29.7
19.1
-37.2%
Inventory
55.9
66.3
58.2
-15.7%
Other assets
1,000
1,203
1,177
-16.9%
Total assets
1,379
1,712
1,701
-19.5%
10-K for the year ended 31 December 2019, filed 19 February 2020: the filing.