Hecla Mining (HL) FY2016 results: revenue $646 million, up 45.6% on the year
Hecla Mining Co. (HL) reported revenue of $646 million for fiscal 2016, the year ended 31 December 2016, up 45.6% on the year before. Net income was $62 million, and diluted earnings per share $0.16. The figures are the company's own, from the 10-K it filed with the SEC on 23 February 2017.
Revenue
$646 million
+45.6% on the year
FY2010FY2016
Operating margin
16.9%
-8.0% a year earlier
FY2010FY2016
Net income
$62 million
FY2010FY2016
Diluted EPS
$0.16
FY2010FY2016
this yearthe year beforeHover a bar for its figure.
The year in brief
Income statement (profit and loss)
$ million
FY2016
FY2015
FY2014
On the year
Last 8 years
Revenue
646
444
501
+45.6%
Cost of revenue
462
405
416
+14.0%
Gross profit
184
38.5
85.2
+377.8%
Gross margin
28.5%
8.7%
17.0%
Research and development
0.2
n/a
n/a
Operating income
109
-35.6
21.6
Operating margin
16.9%
-8.0%
4.3%
Interest expense
21.8
25.4
26.8
-14.2%
Pre-tax income
89.7
-30.7
12.6
Income tax
28.1
56.3
-5.2
-50.1%
Effective tax rate
31.3%
n/a
-41.6%
Net income
61.6
-87.0
17.8
Net margin
9.5%
-19.6%
3.6%
Diluted EPS
$0.16
-$0.23
$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
FY2016
FY2015
FY2014
On the year
Last 8 years
Operating cash flow
225
106
83.1
+111.7%
Capital expenditure
165
137
123
+19.9%
Free cash flow
60.5
-31.0
-39.4
Free cash flow margin
9.4%
-7.0%
-7.9%
Cash from investing
-197
-139
-118
Cash from financing
-12.0
-17.1
36.5
Depreciation and amortisation
125
113
112
+11.0%
Share-based compensation
6.2
5.4
5.0
+14.0%
Buybacks
4.4
1.9
3.7
+136.9%
Dividends paid
3.9
3.7
3.5
+3.4%
Dividend per share
n/a
$0.01
$0.01
Diluted shares, weighted
389m
374m
357m
+4.1%
Shares outstanding at period end
395m
378m
367m
+4.5%
Balance sheet
$ million
FY2016
FY2015
FY2014
On the year
Last 8 years
Shareholders' equity
1,462
1,329
1,397
+10.0%
Debt
501
503
498
-0.3%
Other liabilities
392
390
367
+0.6%
Total liabilities and equity
2,356
2,222
2,262
+6.0%
Fixed assets
2,033
1,897
1,832
+7.2%
Investments
34.1
1.5
4.9
+2,151.0%
Cash and equivalents
170
155
210
+9.4%
Receivables
20.1
13.5
17.7
+48.9%
Other assets
99.1
155
198
-36.0%
Total assets
2,356
2,222
2,262
+6.0%
10-K for the year ended 31 December 2016, filed 23 February 2017: the filing.