Hecla Mining (HL) FY2017 results: revenue $578 million, down 10.6% on the year
Hecla Mining Co. (HL) reported revenue of $578 million for fiscal 2017, the year ended 31 December 2017, down 10.6% on the year before. Net income was -$29 million, and diluted earnings per share $-0.07. The figures are the company's own, from the 10-K it filed with the SEC on 22 February 2019.
Revenue
$578 million
-10.6% on the year
FY2010FY2017
Operating margin
10.4%
16.9% a year earlier
FY2010FY2017
Net income
-$29 million
FY2010FY2017
Diluted EPS
-$0.07
FY2010FY2017
this yearthe year beforeHover a bar for its figure.
The year in brief
Income statement (profit and loss)
$ million
FY2017
FY2016
FY2015
On the year
Last 8 years
Revenue
578
646
444
-10.6%
Cost of revenue
425
462
405
-7.9%
Gross profit
152
184
38.5
-17.1%
Gross margin
26.4%
28.5%
8.7%
Research and development
3.3
0.2
n/a
+1,248.1%
Operating income
60.1
109
-35.6
-45.1%
Operating margin
10.4%
16.9%
-8.0%
Interest expense
38.0
21.8
25.4
+74.4%
Pre-tax income
-7.6
89.7
-30.7
Income tax
21.0
28.1
56.3
-25.4%
Effective tax rate
n/a
31.3%
n/a
Net income
-28.5
61.6
-87.0
Net margin
-4.9%
9.5%
-19.6%
Diluted EPS
-$0.07
$0.16
-$0.23
$ 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
FY2017
FY2016
FY2015
On the year
Last 8 years
Operating cash flow
116
225
106
-48.6%
Capital expenditure
98.0
165
137
-40.5%
Free cash flow
17.8
60.5
-31.0
-70.5%
Free cash flow margin
3.1%
9.4%
-7.0%
Cash from investing
-96.6
-197
-139
Cash from financing
-5.2
-12.0
-17.1
Depreciation and amortisation
126
125
113
+1.2%
Share-based compensation
6.3
6.2
5.4
+2.2%
Buybacks
2.9
4.4
1.9
-35.4%
Dividends paid
4.0
3.9
3.7
+2.8%
Dividend per share
n/a
n/a
$0.01
Diluted shares, weighted
397m
389m
374m
+2.1%
Shares outstanding at period end
399m
395m
378m
+1.0%
Balance sheet
$ million
FY2017
FY2016
FY2015
On the year
Last 8 years
Shareholders' equity
1,461
1,462
1,329
-0.1%
Debt
502
501
503
+0.2%
Other liabilities
382
392
390
-2.7%
Total liabilities and equity
2,345
2,356
2,222
-0.5%
Fixed assets
1,999
2,033
1,897
-1.6%
Investments
41.4
34.1
1.5
+21.3%
Cash and equivalents
186
170
155
+9.6%
Receivables
14.8
20.1
13.5
-26.3%
Other assets
104
99.1
155
+4.5%
Total assets
2,345
2,356
2,222
-0.5%
10-K for the year ended 31 December 2017, filed 22 February 2019: the filing.