Hecla Mining (HL) FY2020 results: revenue $692 million, up 2.8% on the year
Hecla Mining Co. (HL) reported revenue of $692 million for fiscal 2020, the year ended 31 December 2020, up 2.8% on the year before. Net income was -$9 million, and diluted earnings per share $-0.03. The figures are the company's own, from the 10-K it filed with the SEC on 18 February 2021.
Revenue
$692 million
+2.8% on the year
FY2013FY2020
Operating margin
9.7%
-6.9% a year earlier
FY2013FY2020
Net income
-$9 million
FY2013FY2020
Diluted EPS
-$0.03
FY2013FY2020
this yearthe year beforeHover a bar for its figure.
The year in brief
Income statement (profit and loss)
$ million
FY2020
FY2019
FY2018
On the year
Last 8 years
Revenue
692
673
567
+2.8%
Cost of revenue
531
639
488
-17.0%
Gross profit
161
33.8
79.1
+376.2%
Gross margin
23.3%
5.0%
13.9%
Research and development
0.0
0.5
5.4
Operating income
67.0
-46.7
-39.1
Operating margin
9.7%
-6.9%
-6.9%
Interest expense
49.6
48.4
40.9
+2.3%
Pre-tax income
-1.3
-113
-29.2
Income tax
-8.2
-18.3
-6.7
Net income
-9.5
-94.9
-26.6
Net margin
-1.4%
-14.1%
-4.7%
Diluted EPS
-$0.03
-$0.19
-$0.06
$ 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
FY2020
FY2019
FY2018
On the year
Last 8 years
Operating cash flow
181
121
94.2
+49.6%
Capital expenditure
91.0
121
137
-25.0%
Free cash flow
89.8
-0.6
-42.7
Free cash flow margin
13.0%
-0.1%
-7.5%
Cash from investing
92.9
-120
-237
Cash from financing
-19.4
33.2
-14.9
Depreciation and amortisation
155
196
141
-21.1%
Share-based compensation
6.5
5.7
6.3
+13.9%
Buybacks
2.7
2.2
2.7
+23.0%
Dividends paid
8.6
4.9
4.4
+75.0%
Dividend per share
$0.01
$0.01
$0.01
0.0%
Diluted shares, weighted
527m
490m
433m
+7.5%
Shares outstanding at period end
532m
523m
483m
+1.7%
Balance sheet
$ million
FY2020
FY2019
FY2018
On the year
Last 8 years
Shareholders' equity
1,714
1,697
1,691
+1.0%
Debt
507
505
533
+0.5%
Operating lease liabilities
7.6
10.8
0.0
-29.4%
Finance lease liabilities
9.3
7.2
7.9
+28.6%
Other liabilities
462
441
472
+4.7%
Total liabilities and equity
2,700
2,661
2,704
+1.5%
Fixed assets
2,378
2,447
2,520
-2.8%
Investments
15.1
6.2
6.6
+144.0%
Cash and equivalents
130
62.5
27.4
+107.9%
Receivables
27.9
12.0
4.2
+133.1%
Inventory
57.6
30.1
n/a
+91.4%
Other assets
91.7
103
146
-10.6%
Total assets
2,700
2,661
2,704
+1.5%
10-K for the year ended 31 December 2020, filed 18 February 2021: the filing.