Hecla Mining (HL) FY2014 results: revenue $501 million, up 30.9% on the year
Hecla Mining Co. (HL) reported revenue of $501 million for fiscal 2014, the year ended 31 December 2014, up 30.9% on the year before. Net income was $18 million, and diluted earnings per share $0.05. The figures are the company's own, from the 10-K it filed with the SEC on 18 February 2015.
Revenue
$501 million
+30.9% on the year
FY2010FY2014
Operating margin
4.3%
-8.5% a year earlier
FY2010FY2014
Net income
$18 million
FY2010FY2014
Diluted EPS
$0.05
FY2010FY2014
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
501
383
321
+30.9%
Cost of revenue
416
316
178
+31.3%
Gross profit
85.2
66.1
144
+28.8%
Gross margin
17.0%
17.3%
44.7%
Operating income
21.6
-32.4
37.9
Operating margin
4.3%
-8.5%
11.8%
Interest expense
26.8
21.7
2.4
+23.4%
Pre-tax income
12.6
-34.9
23.8
Income tax
-5.2
-9.8
8.9
Effective tax rate
-41.6%
n/a
37.3%
Net income
17.8
-25.1
15.0
Net margin
3.6%
-6.6%
4.7%
Diluted EPS
$0.05
-$0.08
$0.05
$ 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
83.1
26.6
69.0
+212.0%
Capital expenditure
123
151
113
-18.7%
Free cash flow
-39.4
-124
-44.1
Free cash flow margin
-7.9%
-32.4%
-13.7%
Cash from investing
-118
-475
-118
Cash from financing
36.5
475
-26.5
-92.3%
Depreciation and amortisation
112
82.4
50.1
+36.2%
Share-based compensation
5.0
4.5
3.1
+11.3%
Buybacks
3.7
0.3
2.1
+1,207.7%
Dividends paid
3.5
6.0
17.1
-40.8%
Dividend per share
$0.01
$0.02
$0.06
-50.0%
Diluted shares, weighted
357m
319m
298m
+12.2%
Shares outstanding at period end
367m
343m
285m
+7.2%
Balance sheet
$ million
FY2014
FY2013
FY2012
On the year
Last 8 years
Shareholders' equity
1,397
1,326
1,138
+5.3%
Debt
498
491
11.9
+1.6%
Other liabilities
367
415
228
-11.7%
Total liabilities and equity
2,262
2,232
1,378
+1.3%
Fixed assets
1,832
1,792
997
+2.2%
Investments
4.9
7.0
9.6
-29.9%
Cash and equivalents
210
212
191
-1.2%
Receivables
17.7
17.7
17.6
+0.1%
Other assets
198
204
163
-2.7%
Total assets
2,262
2,232
1,378
+1.3%
10-K for the year ended 31 December 2014, filed 18 February 2015: the filing.