← Coeur Mining, Inc.
| Annual Trend | FY 2016 | FY 2017 | FY 2018 | FY 2019 | FY 2020 | FY 2021 | FY 2022 | FY 2023 | FY 2024 | FY 2025 | |
|---|---|---|---|---|---|---|---|---|---|---|---|
| Net income | $55.4m | ($1.3m) | ($48.4m) | ($341.2m) | $25.6m | ($31.3m) | ($78.1m) | ($103.6m) | $58.9m | $585.9m | |
| Amortization | $123.2m | $146.5m | $128.5m | $178.9m | $131.4m | $128.3m | $111.6m | $99.8m | $125.0m | $251.1m | |
| Depreciation | $1.6b | $1.6b | $1.5b | $2.0b | $2.2b | $2.1b | $2.0b | $2.0b | $1.9b | $1.9b | |
| Deferred income taxes | ($71.3m) | ($13.9m) | ($48.4m) | ($36.8m) | ($7.3m) | ($10.9m) | ($18.4m) | ($1.5m) | ($8.7m) | ($161.0m) | |
| Impairment charges (reversals) (notes 10 and 21) | ($250.0m) | ($212.0m) | $900.0m | ($1.4b) | ($269.0m) | ($63.0m) | $1.7b | $312.0m | ($457.0m) | $12.0m | |
| (Gain) loss on debt extinguishment | $21.4m | $9.3m | $0 | $1.3m | $0 | $9.2m | $0 | ($3.4m) | ($417k) | $113k | |
| Gain (Loss) on Disposition of Assets | ($11.3m) | ($21.1m) | $0 | $0 | — | $0 | $0 | $25.2m | $4.2m | $0 | |
| Income tax expense (note 12) | $917.0m | $1.2b | $1.2b | $1.8b | $1.3b | $1.3b | $664.0m | $861.0m | $1.5b | $1.7b | |
| Proceeds from sales of investments other than investments accounted for using equity method | $0 | ($7.0m) | ($159.0m) | ($4.0m) | $220.0m | — | ($381.0m) | — | $97.0m | $43.0m | |
| Dividends received from investments accounted for using equity method, classified as investing activities | — | — | — | — | $141.0m | $520.0m | $869.0m | $273.0m | $198.0m | $254.0m | |
| Purchase of investments other than investments accounted for using equity method | — | — | — | ($4.0m) | — | ($46.0m) | — | ($23.0m) | — | — | |
| Net funds (invested) received from equity method investments | — | $48.0m | ($5.0m) | — | — | — | — | — | — | — | |
| Accretion | $10.2m | $10.0m | $13.9m | $12.1m | $12.0m | $12.9m | $14.8m | $16.4m | $18.2m | $21.0m | |
| Fair value adjustments, net | $11.6m | $864k | ($3.6m) | ($16.0m) | ($7.6m) | $543k | $63.5m | ($3.4m) | $0 | $342k | |
| Stock-based compensation | $9.7m | $10.5m | $8.3m | $9.2m | $8.5m | $13.7m | $10.0m | $11.4m | $12.0m | $19.2m | |
| Inventory Write-down | — | $0 | $55.3m | $69.2m | $16.8m | $38.6m | $46.0m | $40.2m | $3.2m | $0 | |
| Revenue Recognized | — | — | $0 | ($1.9m) | ($16.7m) | ($16.2m) | ($15.9m) | ($25.5m) | ($55.6m) | ($42.8m) | |
| Acquired inventory purchase price allocation | — | — | — | — | — | — | — | $0 | $0 | $93.5m | |
| Foreign exchange and other | ($1.1m) | ($8.0m) | $7.4m | $14.3m | $3.7m | $911k | $542k | $3.2m | $5.5m | $4.3m | |
| Receivables | $9.0m | $18.9m | ($9.3m) | ($2.7m) | ($9.5m) | ($983k) | $4.5m | $933k | ($504k) | ($6.7m) | |
| Prepaid expenses and other current assets | ($826k) | ($2.0m) | $4.9m | $280k | ($2.6m) | $489k | $240k | ($461k) | $2.8m | $72.6m | |
| Inventories | ($35.6m) | $23.5m | ($44.5m) | ($63.0m) | ($34.5m) | ($27.6m) | ($51.4m) | ($47.6m) | ($69.6m) | ($51.8m) | |
| Accounts payable and accrued liabilities | ($10.9m) | $11.6m | ($43.4m) | $23.1m | $32.9m | ($7.0m) | $510k | $55.6m | $79.2m | $101.2m | |
| Cash provided by (used in) operating activities | $125.8m | $208.5m | $17.4m | $91.9m | $148.7m | $110.5m | $25.6m | $67.3m | $174.2m | $886.9m | |
| Acquisitions, net | ($1.4m) | ($156.2m) | $6.9m | $0 | $0 | — | $0 | $0 | ($10.0m) | $93.6m | |
| Proceeds from the sale of assets | $16.3m | $16.7m | $577k | $1.0m | $5.5m | $6.8m | $165.8m | $8.5m | $37k | $13k | |
| Proceeds from Collection of Notes Receivable | $0 | $0 | $19.0m | $7.2m | $0 | $0 | $0 | $5.0m | $0 | $0 | |
| Other | $172k | ($3.7m) | ($5.2m) | ($3.4m) | ($1.8m) | ($4.3m) | ($3.7m) | ($2.4m) | ($2.1m) | ($9.6m) | |
| CASH PROVIDED BY (USED IN) INVESTING ACTIVITIES | ($83.4m) | ($281.6m) | ($130.5m) | ($92.6m) | ($65.7m) | ($304.1m) | ($146.2m) | ($303.7m) | ($193.5m) | ($127.8m) | |
| Issuance of notes and bank borrowings, net of issuance costs | $0 | $342.6m | $95.0m | $60.0m | $150.0m | $592.5m | $320.0m | $598.0m | $391.5m | $166.5m | |
| Share repurchases | — | — | — | — | — | — | — | $0 | $0 | ($9.6m) | |
| CASH PROVIDED (USED IN) BY FINANCING ACTIVITIES | ($80.2m) | $135.7m | ($5.2m) | ($60.9m) | ($46.5m) | $158.1m | $125.0m | $236.1m | $13.9m | ($260.6m) | |
| Finance costs (note 14) | $788.0m | $705.0m | $560.0m | $500.0m | $364.0m | $355.0m | $301.0m | $170.0m | $232.0m | $227.0m | |
| Income from equity investees (note 16) | — | — | — | — | ($288.0m) | ($446.0m) | ($258.0m) | ($232.0m) | ($241.0m) | ($444.0m) | |
| Loss on currency translation | $199.0m | $72.0m | $136.0m | $109.0m | $50.0m | $29.0m | $16.0m | $93.0m | $39.0m | $3.0m | |
| Net expense for business combination | — | — | — | — | — | — | — | — | $0 | $625.0m | |
| Gain on sale of non-current assets (note 9) | — | ($911.0m) | ($68.0m) | ($441.0m) | ($180.0m) | ($213.0m) | ($405.0m) | ($364.0m) | ($24.0m) | ($1.5b) | |
| Change in working capital (note 15) | ($428.0m) | ($590.0m) | ($173.0m) | ($357.0m) | ($211.0m) | ($273.0m) | ($322.0m) | ($404.0m) | ($382.0m) | ($23.0m) | |
| Other operating activities (note 15) | ($63.0m) | ($319.0m) | ($62.0m) | ($1.1b) | ($190.0m) | ($203.0m) | ($217.0m) | ($113.0m) | ($280.0m) | ($375.0m) | |
| Operating cash flows before interest and income taxes | $3.6b | $3.1b | $2.5b | $3.8b | $6.4b | $5.9b | $4.5b | $4.3b | $5.4b | $9.3b | |
| Interest received | — | — | — | — | — | $35.0m | $89.0m | $237.0m | $237.0m | $189.0m | |
| Sales proceeds | $135.0m | $28.0m | $70.0m | $41.0m | $45.0m | $35.0m | $88.0m | $13.0m | $19.0m | $4.0m | |
| Cash receipts from repayment of advances and loans made to other parties | — | — | — | — | $79.0m | $2.0m | $0 | $7.0m | $155.0m | $298.0m | |
| Cash flows from (used in) investing activities | ($412.0m) | ($337.0m) | ($1.5b) | $50.0m | ($1.3b) | ($1.9b) | ($1.7b) | ($2.8b) | ($2.8b) | ($1.2b) | |
| Lease repayments | — | — | $0 | ($28.0m) | ($26.0m) | ($20.0m) | ($20.0m) | ($13.0m) | ($14.0m) | ($12.0m) | |
| Share buyback program (note 31) | — | — | — | — | — | $0 | ($424.0m) | $0 | ($498.0m) | ($1.5b) | |
| Funding from non-controlling interests (note 32) | $70.0m | $13.0m | $24.0m | $140.0m | $11.0m | $12.0m | $0 | $40.0m | $146.0m | $362.0m | |
| Disbursements to non-controlling interests (note 32) | ($95.0m) | ($139.0m) | ($108.0m) | ($421.0m) | ($1.4b) | ($1.1b) | ($833.0m) | ($554.0m) | ($785.0m) | ($1.8b) | |
| Proceeds from issue of bonds, notes and debentures | — | — | — | — | — | $327.0m | $444.0m | $242.0m | $52.0m | ($9.0m) | |
| Cash flows from (used in) financing activities | ($2.3b) | ($1.9b) | ($925.0m) | ($1.1b) | ($2.3b) | ($2.4b) | ($2.6b) | $1.2b | $1.8b | $3.8b | |
| Return of capital (note 31) | — | — | — | — | $0 | ($750.0m) | $0 | — | — | — | |
| Remeasurement of Turquoise Ridge to fair value (note 4) | — | — | $0 | ($1.9b) | $0 | — | — | — | — | — | |
| Cash acquired in merger (note 4) | — | — | $0 | $751.0m | $0 | — | — | — | — | — | |
| Debt extinguishment costs | ($129.0m) | ($102.0m) | ($29.0m) | — | — | — | — | — | — | — | |
| Net cash provided by operating activities | $2.6b | $2.1b | $1.8b | $2.8b | $5.4b | $4.4b | $3.5b | $3.7b | $4.5b | $7.7b | |
| Capital expenditures | ($101.0m) | ($136.7m) | ($140.8m) | ($99.8m) | ($99.3m) | ($309.8m) | ($352.4m) | ($364.6m) | ($183.2m) | ($221.2m) | |
| Sale of investments | — | — | $12.7m | $2.1m | $30.8m | $935k | $40.5m | $47.6m | $0 | $0 | |
| Loss (gain) on sale of non-current assets/investments (note 9a) | $42.0m | ($911.0m) | — | — | — | — | — | — | — | — | |
| Proceeds from divestitures | $588.0m | $990.0m | $0 | $750.0m | $283.0m | $27.0m | $0 | — | $0 | $2.2b | |
| Cash advances and loans made to other parties, classified as investing activities | — | — | — | — | — | — | — | $0 | ($59.0m) | ($1.0m) | |
| Other investing activities (note 15) | ($9.0m) | $48.0m | ($5.0m) | $213.0m | $220.0m | — | — | — | — | — | |
| Debt (note 25b), Proceeds | $5.0m | $0 | $0 | — | — | — | — | — | — | — | |
| Payments on long-term debt, capital leases, and associated costs | ($322.8m) | ($203.0m) | ($95.1m) | ($221.9m) | ($176.0m) | ($430.1m) | ($338.7m) | ($528.5m) | ($398.3m) | ($417.9m) | |
| Debt repayments | ($902.0m) | ($180.0m) | ($28.0m) | ($29.0m) | ($353.0m) | ($7.0m) | ($375.0m) | ($43.0m) | $0 | ($14.0m) | |
| Proceeds from Issuance of Common Stock | $269.6m | $0 | $0 | $123.1m | $0 | $0 | $147.4m | $169.0m | $22.8m | $10.0m | |
| Dividends (note 31) | ($86.0m) | ($125.0m) | ($125.0m) | ($548.0m) | ($547.0m) | ($634.0m) | ($1.1b) | ($700.0m) | ($696.0m) | ($890.0m) | |
| Other financing activities (note 15) | — | — | ($29.0m) | ($1.0m) | $28.0m | $115.0m | $191.0m | $65.0m | — | — | |
| Effect of exchange rate changes on cash and cash equivalents | ($678k) | $203k | $28k | $531k | $649k | ($423k) | $401k | $567k | ($1.1m) | $425k | |
| Effect of exchange rate changes on cash and equivalents | $3.0m | $3.0m | ($9.0m) | ($1.0m) | ($3.0m) | ($1.0m) | ($6.0m) | ($3.0m) | ($6.0m) | $2.0m | |
| INCREASE (DECREASE) IN CASH AND CASH EQUIVALENTS | ($38.5m) | $62.8m | ($118.3m) | ($61.1m) | $37.2m | ($35.9m) | $4.9m | $209k | ($6.5m) | $498.8m | |
| Net increase (decrease) in cash and equivalents | ($66.0m) | ($155.0m) | ($663.0m) | $1.7b | $1.9b | $92.0m | ($840.0m) | ($292.0m) | ($74.0m) | $2.6b | |
| Cash, cash equivalents and restricted cash at beginning of period | $126.6m | $203.4m | $118.1m | $57.0m | $94.2m | $58.3m | $63.2m | $63.4m | $56.9m | $555.7m | |
| Cash and equivalents at beginning of year (note 25a) | $2.4b | $2.2b | $1.6b | $3.3b | $5.2b | $5.3b | $4.4b | $4.1b | $4.1b | $4.1b | |
| Interest paid | ($513.0m) | ($425.0m) | ($350.0m) | ($333.0m) | ($295.0m) | ($303.0m) | ($305.0m) | ($300.0m) | ($380.0m) | ($291.0m) | |
| Income taxes paid | ($487.0m) | ($649.0m) | ($398.0m) | ($612.0m) | ($718.0m) | ($1.3b) | ($767.0m) | ($524.0m) | ($776.0m) | ($1.5b) | |
| Income taxes paid (refund), classified as investing activities | — | — | — | — | — | — | — | — | $0 | ($175.0m) |
Values abbreviated: b = billions, m = millions, k = thousands. Per share data in USD.