Hecla Mining (HL) FY2018 results: revenue $567 million, down 1.8% on the year
Hecla Mining Co. (HL) reported revenue of $567 million for fiscal 2018, the year ended 31 December 2018, down 1.8% on the year before. Net income was -$27 million, and diluted earnings per share $-0.06. The figures are the company's own, from the 10-K it filed with the SEC on 22 February 2019.
Revenue
$567 million
-1.8% on the year
FY2011FY2018
Operating margin
-6.9%
10.4% a year earlier
FY2011FY2018
Net income
-$27 million
FY2011FY2018
Diluted EPS
-$0.06
FY2011FY2018
this yearthe year beforeHover a bar for its figure.
The year in brief
Income statement (profit and loss)
$ million
FY2018
FY2017
FY2016
On the year
Last 8 years
Revenue
567
578
646
-1.8%
Cost of revenue
488
425
462
+14.7%
Gross profit
79.1
152
184
-48.1%
Gross margin
13.9%
26.4%
28.5%
Research and development
5.4
3.3
0.2
+66.1%
Operating income
-39.1
60.1
109
Operating margin
-6.9%
10.4%
16.9%
Interest expense
40.9
38.0
21.8
+7.7%
Pre-tax income
-29.2
-7.6
89.7
Income tax
-6.7
21.0
28.1
Effective tax rate
n/a
n/a
31.3%
Net income
-26.6
-28.5
61.6
Net margin
-4.7%
-4.9%
9.5%
Diluted EPS
-$0.06
-$0.07
$0.16
$ 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
FY2018
FY2017
FY2016
On the year
Last 8 years
Operating cash flow
94.2
116
225
-18.7%
Capital expenditure
137
98.0
165
+39.7%
Free cash flow
-42.7
17.8
60.5
Free cash flow margin
-7.5%
3.1%
9.4%
Cash from investing
-237
-96.6
-197
Cash from financing
-14.9
-5.2
-12.0
Depreciation and amortisation
141
126
125
+11.4%
Share-based compensation
6.3
6.3
6.2
-0.7%
Buybacks
2.7
2.9
4.4
-6.1%
Dividends paid
4.4
4.0
3.9
+10.5%
Dividend per share
$0.01
n/a
n/a
Diluted shares, weighted
433m
397m
389m
+9.1%
Shares outstanding at period end
483m
399m
395m
+20.9%
Balance sheet
$ million
FY2018
FY2017
FY2016
On the year
Last 8 years
Shareholders' equity
1,691
1,461
1,462
+15.7%
Debt
533
502
501
+6.1%
Operating lease liabilities
0.0
n/a
n/a
Finance lease liabilities
7.9
n/a
n/a
Other liabilities
472
382
392
+23.8%
Total liabilities and equity
2,704
2,345
2,356
+15.3%
Fixed assets
2,520
1,999
2,033
+26.0%
Investments
6.6
41.4
34.1
-84.1%
Cash and equivalents
27.4
186
170
-85.3%
Receivables
4.2
14.8
20.1
-71.7%
Other assets
146
104
99.1
+40.8%
Total assets
2,704
2,345
2,356
+15.3%
10-K for the year ended 31 December 2018, filed 22 February 2019: the filing.