Hecla Mining (HL) FY2013 results: revenue $383 million, up 19.1% on the year
Hecla Mining Co. (HL) reported revenue of $383 million for fiscal 2013, the year ended 31 December 2013, up 19.1% on the year before. Net income was -$25 million, and diluted earnings per share $-0.08. The figures are the company's own, from the 10-K it filed with the SEC on 19 February 2014.
Revenue
$383 million
+19.1% on the year
FY2010FY2013
Operating margin
-8.5%
11.8% a year earlier
FY2010FY2013
Net income
-$25 million
FY2010FY2013
Diluted EPS
-$0.08
FY2010FY2013
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
383
321
478
+19.1%
Cost of revenue
316
178
213
+78.2%
Gross profit
66.1
144
265
-53.9%
Gross margin
17.3%
44.7%
55.5%
Operating income
-32.4
37.9
198
Operating margin
-8.5%
11.8%
41.4%
Interest expense
21.7
2.4
2.9
+793.7%
Pre-tax income
-34.9
23.8
233
Income tax
-9.8
8.9
82.0
Effective tax rate
n/a
37.3%
35.2%
Net income
-25.1
15.0
151
Net margin
-6.6%
4.7%
31.6%
Diluted EPS
-$0.08
$0.05
$0.51
$ 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
26.6
69.0
69.9
-61.4%
Capital expenditure
151
113
87.5
+33.3%
Free cash flow
-124
-44.1
-17.7
Free cash flow margin
-32.4%
-13.7%
-3.7%
Cash from investing
-475
-118
-79.8
Cash from financing
475
-26.5
-7.2
Depreciation and amortisation
82.4
50.1
47.3
+64.4%
Share-based compensation
4.5
3.1
2.1
+43.9%
Buybacks
0.3
2.1
0.5
-86.7%
Dividends paid
6.0
17.1
5.6
-65.0%
Dividend per share
$0.02
$0.06
$0.02
-66.7%
Diluted shares, weighted
319m
298m
297m
+7.1%
Shares outstanding at period end
343m
285m
285m
+20.1%
Balance sheet
$ million
FY2013
FY2012
FY2011
On the year
Last 8 years
Shareholders' equity
1,326
1,138
1,140
+16.6%
Debt
491
11.9
n/a
+4,011.7%
Other liabilities
415
228
256
+81.7%
Total liabilities and equity
2,232
1,378
1,396
+61.9%
Fixed assets
1,792
997
923
+79.8%
Investments
7.0
9.6
3.9
-27.0%
Cash and equivalents
212
191
266
+11.1%
Receivables
17.7
17.6
11.0
+0.7%
Other assets
204
163
191
+24.6%
Total assets
2,232
1,378
1,396
+61.9%
10-K for the year ended 31 December 2013, filed 19 February 2014: the filing.