Hecla Mining (HL) FY2019 results: revenue $673 million, up 18.7% on the year
Hecla Mining Co. (HL) reported revenue of $673 million for fiscal 2019, the year ended 31 December 2019, up 18.7% on the year before. Net income was -$95 million, and diluted earnings per share $-0.19. The figures are the company's own, from the 10-K it filed with the SEC on 10 February 2020.
Revenue
$673 million
+18.7% on the year
FY2012FY2019
Operating margin
-6.9%
-6.9% a year earlier
FY2012FY2019
Net income
-$95 million
FY2012FY2019
Diluted EPS
-$0.19
FY2012FY2019
this yearthe year beforeHover a bar for its figure.
The year in brief
Income statement (profit and loss)
$ million
FY2019
FY2018
FY2017
On the year
Last 8 years
Revenue
673
567
578
+18.7%
Cost of revenue
639
488
425
+31.0%
Gross profit
33.8
79.1
152
-57.2%
Gross margin
5.0%
13.9%
26.4%
Research and development
0.5
5.4
3.3
-90.2%
Operating income
-46.7
-39.1
60.1
Operating margin
-6.9%
-6.9%
10.4%
Interest expense
48.4
40.9
38.0
+18.3%
Pre-tax income
-113
-29.2
-7.6
Income tax
-18.3
-6.7
21.0
Net income
-94.9
-26.6
-28.5
Net margin
-14.1%
-4.7%
-4.9%
Diluted EPS
-$0.19
-$0.06
-$0.07
$ 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
FY2019
FY2018
FY2017
On the year
Last 8 years
Operating cash flow
121
94.2
116
+28.3%
Capital expenditure
121
137
98.0
-11.3%
Free cash flow
-0.6
-42.7
17.8
Free cash flow margin
-0.1%
-7.5%
3.1%
Cash from investing
-120
-237
-96.6
Cash from financing
33.2
-14.9
-5.2
Depreciation and amortisation
196
141
126
+39.4%
Share-based compensation
5.7
6.3
6.3
-9.7%
Buybacks
2.2
2.7
2.9
-17.2%
Dividends paid
4.9
4.4
4.0
+11.9%
Dividend per share
$0.01
$0.01
n/a
0.0%
Diluted shares, weighted
490m
433m
397m
+13.2%
Shares outstanding at period end
523m
483m
399m
+8.3%
Balance sheet
$ million
FY2019
FY2018
FY2017
On the year
Last 8 years
Shareholders' equity
1,697
1,691
1,461
+0.3%
Debt
505
533
502
-5.3%
Operating lease liabilities
10.8
0.0
n/a
Finance lease liabilities
7.2
7.9
n/a
-8.3%
Other liabilities
441
472
382
-6.5%
Total liabilities and equity
2,661
2,704
2,345
-1.6%
Fixed assets
2,447
2,520
1,999
-2.9%
Investments
6.2
6.6
41.4
-5.7%
Cash and equivalents
62.5
27.4
186
+128.0%
Receivables
12.0
4.2
14.8
+185.7%
Inventory
30.1
n/a
n/a
Other assets
103
146
104
-29.6%
Total assets
2,661
2,704
2,345
-1.6%
10-K for the year ended 31 December 2019, filed 10 February 2020: the filing.