Hecla Mining Company (HL) Financial Statements (2024 and earlier)

Company Profile

Business Address 6500 N MINERAL DRIVE SUITE 200
COEUR D'ALENE, ID 83815-9408
State of Incorp. DE
Fiscal Year End December 31
Industry (SIC) 14 - Mining And Quarrying Of Nonmetallic Minerals, Except Fuels (benchmarking)
More info Complete Financial Analysis Financial Benchmarking

Balance Sheet (Statement of Financial Position) ($ in thousands)

12/31/2023
12/31/2022
12/31/2021
12/31/2020
12/31/2019
12/31/2018
12/31/2017
ASSETS
Current Assets
Cash, cash equivalents, and short-term investments104,743210,010144,93068,65233,989219,865
Cash and cash equivalents104,743210,010129,83062,45227,389186,107
Short-term investments   15,1006,2006,60033,758
Receivables45,14636,43729,44832,00018,37514,805
Inventory, net of allowances, customer advances and progress billings      
Inventory      
Prepaid expense    10712,231 
Other current assets16,47119,26619,11411,93111,17913,715
Other undisclosed current assets101,36775,91491,18966,43488,37671,940
Total current assets:267,727341,627284,681179,124164,150320,325
Noncurrent Assets
Operating lease, right-of-use asset11,06412,43510,62816,381
Property, plant and equipment2,569,7902,310,8102,345,2192,423,6982,520,0042,020,021
Long-term investments and receivables 24,01810,84415,1486,2076,5837,561
Long-term investments 24,01810,84415,1486,2076,5837,561
Restricted cash and investments1,1641,0531,0531,0251,0251,032
Deferred income tax assets21,10545,5622,912 
Other noncurrent assets32,3046,4778,0837,33610,19514,509
Other undisclosed noncurrent assets   3,5371,9871,509
Total noncurrent assets:2,659,4452,387,1812,383,0432,458,1842,539,7942,044,632
TOTAL ASSETS:2,927,1722,728,8082,667,7242,637,3082,703,9442,364,957
LIABILITIES AND EQUITY
Liabilities
Current Liabilities
Accounts payable and accrued liabilities, including:84,74768,10068,51657,71677,86146,549
Interest and dividends payable14,45414,1575,8045,9615,745
Taxes payable12,3068,3494,7767,7275,919
Employee-related liabilities28,71431,80726,91630,03431,259
Accrued liabilities56,063     
Other undisclosed accounts payable and accrued liabilities28,68412,62614,20320,22034,1393,626
Debt9,4835,6126,49111,0095,2645,608
Derivative instruments and hedges, liabilities16,12519,35311,737   
Accrued environmental loss contingencies8,5919,2595,5824,5813,410 
Accrued reclamation costs8,5919,2595,5824,5813,4106,679
Other liabilities3,457991386,1725,93710,371
Other undisclosed current liabilities47,47248,70151,73932,91540,31242,923
Total current liabilities:178,466160,383149,785116,974136,194112,130
Noncurrent Liabilities
Long-term debt and lease obligation517,742525,821524,150522,761540,670508,422
Long-term debt, excluding current maturities517,742508,095507,242504,729532,799502,229
Capital lease obligations7,8716,193
Finance lease, liability  7,7769,2747,214
Liabilities, other than long-term debt251,997281,817291,449270,661336,117260,523
Asset retirement obligations108,408103,972110,466103,793104,97979,366
Deferred tax liabilities, net173,537121,546
Deferred income tax liabilities125,846149,706132,475 
Liability, pension and other postretirement and postemployment benefits  4,67344,14456,21947,71146,628
Accrued environmental loss contingencies    103,793  
Other liabilities11,6774,9384,3646,8569,89012,983
Operating lease, liability  9,9507,63410,818
Derivative instruments and hedges, liabilities6,06618,528    
Other undisclosed noncurrent liabilities    34,489  
Total noncurrent liabilities:769,739807,638815,599827,911876,787768,945
Total liabilities:948,205968,021965,384944,8851,012,981881,075
Equity
Equity, attributable to parent, including:1,978,9671,760,7871,702,3401,692,4231,690,9631,483,882
Preferred stock39 39393939
Common stock151,819136,391134,629132,292121,956100,926
Treasury stock, value(31,698)(28,021)(23,496)(22,967)(20,736)(18,042)
Additional paid in capital2,260,2902,034,4852,003,5761,973,7001,880,4811,619,816
Accumulated other comprehensive income (loss)(2,448)(28,456)(32,889)(37,310)(42,469)(23,373)
Accumulated deficit(403,931)(353,651)(379,519)(353,331)(248,308)(195,484)
Other undisclosed equity, attributable to parent 4,89639    
Total equity:1,978,9671,760,7871,702,3401,692,4231,690,9631,483,882
TOTAL LIABILITIES AND EQUITY:2,927,1722,728,8082,667,7242,637,3082,703,9442,364,957

Income Statement (P&L) ($ in thousands)

12/31/2023
12/31/2022
12/31/2021
12/31/2020
12/31/2019
12/31/2018
12/31/2017
Revenues718,905807,473691,873673,266567,137577,775
Revenue, net577,775
Cost of revenue
(Cost of Goods and Services Sold)
(602,749)(589,672)(546,170)(649,867)(488,038)(420,789)
Gross profit:116,156217,801145,70323,39979,099156,986
Operating expenses(128,594)(134,381)(94,122)(80,508)(118,225)(92,343)
Other undisclosed operating income 24,876     
Operating income (loss):12,43883,42051,581(57,109)(39,126)64,643
Nonoperating income (expense)(32,476)(77,894)(68,236)(66,549)5,862(10,995)
Investment income, nonoperating(4,723)(35,792)   (167)
Loss, foreign currency transaction, before tax      (10,828)
Other nonoperating income (expense)(7,829)(574)(2,256)(4,429)(907) 
Interest and debt expense(42,793)(41,945)(49,569)(48,447)(40,944)(38,012)
Other undisclosed income (loss) from continuing operations before equity method investments, income taxes   49,56948,44740,944(19,276)
Loss from continuing operations before equity method investments, income taxes:(62,831)(36,419)(16,655)(123,658)(33,264)(3,640)
Other undisclosed income from continuing operations before income taxes17,91741,945    
Income (loss) from continuing operations before income taxes:(44,914)5,526(16,655)(123,658)(33,264)(3,640)
Income tax expense (benefit)(7,566)29,569(135)24,1016,701(19,879)
Income (loss) from continuing operations:(52,480)35,095(16,790)(99,557)(26,563)(23,519)
Income (loss) before gain (loss) on sale of properties:35,095(16,790)(99,557)(26,563)(23,519)
Net income (loss):(52,480)35,095(16,790)(99,557)(26,563)(23,519)
Other undisclosed net income attributable to parent 15,132     
Net income (loss) attributable to parent:(37,348)35,095(16,790)(99,557)(26,563)(23,519)
Other undisclosed net loss available to common stockholders, basic(552)(552)(552)(552)(552)(552)
Net income (loss) available to common stockholders, diluted:(37,900)34,543(17,342)(100,109)(27,115)(24,071)

Comprehensive Income ($ in thousands)

12/31/2023
12/31/2022
12/31/2021
12/31/2020
12/31/2019
12/31/2018
12/31/2017
Net income (loss):(52,480)35,095(16,790)(99,557)(26,563)(23,519)
Other comprehensive income      11,229
Comprehensive income (loss):(52,480)35,095(16,790)(99,557)(26,563)(12,290)
Other undisclosed comprehensive income (loss), net of tax, attributable to parent46,0364,4334,4215,159(17,807) 
Comprehensive income (loss), net of tax, attributable to parent:(6,444)39,528(12,369)(94,398)(44,370)(12,290)

Statements Sources

The financial statements are based on the Company's filings with the U.S. Securities and Exchange Commission (SEC) through the Electronic Data Gathering, Analysis, and Retrieval system (EDGAR). The information is derived from the 10-K and 10-Q reports submitted to the SEC in XBRL (eXtensible Business Reporting Language) format and presented according to the US GAAP Taxonomy. Please review the original filings for a more detailed information.

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