Hecla Mining (HL) FY2015 results: revenue $444 million, down 11.4% on the year
Hecla Mining Co. (HL) reported revenue of $444 million for fiscal 2015, the year ended 31 December 2015, down 11.4% on the year before. Net income was -$87 million, and diluted earnings per share $-0.23. The figures are the company's own, from the 10-K it filed with the SEC on 23 February 2016.
Revenue
$444 million
-11.4% on the year
FY2010FY2015
Operating margin
-8.0%
4.3% a year earlier
FY2010FY2015
Net income
-$87 million
FY2010FY2015
Diluted EPS
-$0.23
FY2010FY2015
this yearthe year beforeHover a bar for its figure.
The year in brief
Income statement (profit and loss)
$ million
FY2015
FY2014
FY2013
On the year
Last 8 years
Revenue
444
501
383
-11.4%
Cost of revenue
405
416
316
-2.5%
Gross profit
38.5
85.2
66.1
-54.8%
Gross margin
8.7%
17.0%
17.3%
Operating income
-35.6
21.6
-32.4
Operating margin
-8.0%
4.3%
-8.5%
Interest expense
25.4
26.8
21.7
-5.2%
Pre-tax income
-30.7
12.6
-34.9
Income tax
56.3
-5.2
-9.8
Effective tax rate
n/a
-41.6%
n/a
Net income
-87.0
17.8
-25.1
Net margin
-19.6%
3.6%
-6.6%
Diluted EPS
-$0.23
$0.05
-$0.08
$ 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
FY2015
FY2014
FY2013
On the year
Last 8 years
Operating cash flow
106
83.1
26.6
+28.1%
Capital expenditure
137
123
151
+12.2%
Free cash flow
-31.0
-39.4
-124
Free cash flow margin
-7.0%
-7.9%
-32.4%
Cash from investing
-139
-118
-475
Cash from financing
-17.1
36.5
475
Depreciation and amortisation
113
112
82.4
+0.4%
Share-based compensation
5.4
5.0
4.5
+9.3%
Buybacks
1.9
3.7
0.3
-49.9%
Dividends paid
3.7
3.5
6.0
+5.4%
Dividend per share
$0.01
$0.01
$0.02
0.0%
Diluted shares, weighted
374m
357m
319m
+4.6%
Shares outstanding at period end
378m
367m
343m
+2.9%
Balance sheet
$ million
FY2015
FY2014
FY2013
On the year
Last 8 years
Shareholders' equity
1,329
1,397
1,326
-4.8%
Debt
503
498
491
+0.9%
Other liabilities
390
367
415
+6.3%
Total liabilities and equity
2,222
2,262
2,232
-1.8%
Fixed assets
1,897
1,832
1,792
+3.6%
Investments
1.5
4.9
7.0
-69.2%
Cash and equivalents
155
210
212
-26.0%
Receivables
13.5
17.7
17.7
-23.8%
Other assets
155
198
204
-21.9%
Total assets
2,222
2,262
2,232
-1.8%
10-K for the year ended 31 December 2015, filed 23 February 2016: the filing.