Hecla Mining Company (HL) Financial Statements (2025 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)
| 9/30/2024 MRQ | 12/31/2023 | 12/31/2022 | 12/31/2021 | 12/31/2020 | 12/31/2019 | 12/31/2018 | |||
|---|---|---|---|---|---|---|---|---|---|
| ASSETS | |||||||||
| Current Assets | |||||||||
| Cash, cash equivalents, and short-term investments | 106,374 | 104,743 | 210,010 | 144,930 | 68,652 | 33,989 | |||
| Cash and cash equivalents | 106,374 | 104,743 | 210,010 | 129,830 | 62,452 | 27,389 | |||
| Short-term investments | 15,100 | 6,200 | 6,600 | ||||||
| Receivables | 14,740 | 45,146 | 36,437 | 29,448 | 32,000 | 18,375 | |||
| Inventory, net of allowances, customer advances and progress billings | 28,823 | ||||||||
| Inventory | 28,823 | ||||||||
| Prepaid expense | 107 | 12,231 | |||||||
| Other current assets | 27,125 | 16,471 | 19,266 | 19,114 | 11,931 | 11,179 | |||
| Other undisclosed current assets | 83,200 | 101,367 | 75,914 | 91,189 | 66,434 | 88,376 | |||
| Total current assets: | 260,262 | 267,727 | 341,627 | 284,681 | 179,124 | 164,150 | |||
| Noncurrent Assets | |||||||||
| Operating lease, right-of-use asset | 8,349 | 11,064 | 12,435 | 10,628 | 16,381 | ✕ | |||
| Property, plant and equipment | 2,666,250 | 2,569,790 | 2,310,810 | 2,345,219 | 2,423,698 | 2,520,004 | |||
| Long-term investments and receivables | 24,018 | 10,844 | 15,148 | 6,207 | 6,583 | ||||
| Long-term investments | 24,018 | 10,844 | 15,148 | 6,207 | 6,583 | ||||
| Restricted cash and investments | 1,165 | 1,164 | 1,053 | 1,053 | 1,025 | 1,025 | |||
| Deferred income tax assets | 2,883 | 21,105 | 45,562 | 2,912 | ✕ | ||||
| Other noncurrent assets | 38,471 | 32,304 | 6,477 | 8,083 | 7,336 | 10,195 | |||
| Other undisclosed noncurrent assets | 33,724 | 3,537 | 1,987 | ||||||
| Total noncurrent assets: | 2,750,842 | 2,659,445 | 2,387,181 | 2,383,043 | 2,458,184 | 2,539,794 | |||
| TOTAL ASSETS: | 3,011,104 | 2,927,172 | 2,728,808 | 2,667,724 | 2,637,308 | 2,703,944 | |||
| LIABILITIES AND EQUITY | |||||||||
| Liabilities | |||||||||
| Current Liabilities | |||||||||
| Accounts payable and accrued liabilities, including: | 81,737 | 84,747 | 68,100 | 68,516 | 57,716 | 77,861 | |||
| Interest and dividends payable | ✕ | ✕ | ✕ | 14,454 | 14,157 | 5,804 | 5,961 | ||
| Taxes payable | ✕ | ✕ | ✕ | 12,306 | 8,349 | 4,776 | 7,727 | ||
| Employee-related liabilities | ✕ | ✕ | ✕ | 28,714 | 31,807 | 26,916 | 30,034 | ||
| Accrued liabilities | 46,146 | 56,063 | |||||||
| Other undisclosed accounts payable and accrued liabilities | 35,591 | 28,684 | 12,626 | 14,203 | 20,220 | 34,139 | |||
| Debt | 9,800 | 9,483 | 5,612 | 6,491 | 11,009 | 5,264 | |||
| Derivative instruments and hedges, liabilities | 1,144 | 16,125 | 19,353 | 11,737 | |||||
| Accrued environmental loss contingencies | 9,660 | 8,591 | 9,259 | 5,582 | 4,581 | 3,410 | |||
| Accrued reclamation costs | 9,660 | 8,591 | 9,259 | 5,582 | 4,581 | 3,410 | |||
| Other liabilities | 9,021 | 3,457 | 99 | 138 | 6,172 | 5,937 | |||
| Other undisclosed current liabilities | 36,438 | 47,472 | 48,701 | 51,739 | 32,915 | 40,312 | |||
| Total current liabilities: | 157,460 | 178,466 | 160,383 | 149,785 | 116,974 | 136,194 | |||
| Noncurrent Liabilities | |||||||||
| Long-term debt and lease obligation | 653,063 | 517,742 | 525,821 | 524,150 | 522,761 | 540,670 | |||
| Long-term debt, excluding current maturities | 653,063 | 517,742 | 508,095 | 507,242 | 504,729 | 532,799 | |||
| Capital lease obligations | ✕ | ✕ | ✕ | ✕ | ✕ | ✕ | 7,871 | ||
| Finance lease, liability | 7,776 | 9,274 | 7,214 | ✕ | |||||
| Liabilities, other than long-term debt | 232,477 | 251,997 | 281,817 | 291,449 | 270,661 | 336,117 | |||
| Asset retirement obligations | 110,797 | 108,408 | 103,972 | 110,466 | 103,793 | 104,979 | |||
| Deferred tax liabilities, net | ✕ | ✕ | ✕ | ✕ | ✕ | ✕ | 173,537 | ||
| Deferred income tax liabilities | 104,835 | 125,846 | 149,706 | 132,475 | ✕ | ||||
| Liability, pension and other postretirement and postemployment benefits | 4,673 | 44,144 | 56,219 | 47,711 | |||||
| Accrued environmental loss contingencies | 103,793 | ||||||||
| Other liabilities | 16,481 | 11,677 | 4,938 | 4,364 | 6,856 | 9,890 | |||
| Operating lease, liability | 9,950 | 7,634 | 10,818 | ✕ | |||||
| Derivative instruments and hedges, liabilities | 364 | 6,066 | 18,528 | ||||||
| Other undisclosed noncurrent liabilities | 34,489 | ||||||||
| Total noncurrent liabilities: | 885,540 | 769,739 | 807,638 | 815,599 | 827,911 | 876,787 | |||
| Total liabilities: | 1,043,000 | 948,205 | 968,021 | 965,384 | 944,885 | 1,012,981 | |||
| Equity | |||||||||
| Equity, attributable to parent, including: | 1,968,104 | 1,978,967 | 1,760,787 | 1,702,340 | 1,692,423 | 1,690,963 | |||
| Preferred stock | 39 | 39 | 39 | 39 | 39 | ||||
| Common stock | 156,076 | 151,819 | 136,391 | 134,629 | 132,292 | 121,956 | |||
| Treasury stock, value | (33,734) | (31,698) | (28,021) | (23,496) | (22,967) | (20,736) | |||
| Additional paid in capital | 2,343,747 | 2,260,290 | 2,034,485 | 2,003,576 | 1,973,700 | 1,880,481 | |||
| Accumulated other comprehensive income (loss) | 5,837 | (2,448) | (28,456) | (32,889) | (37,310) | (42,469) | |||
| Accumulated deficit | (503,861) | (403,931) | (353,651) | (379,519) | (353,331) | (248,308) | |||
| Other undisclosed equity, attributable to parent | 4,896 | 39 | |||||||
| Total equity: | 1,968,104 | 1,978,967 | 1,760,787 | 1,702,340 | 1,692,423 | 1,690,963 | |||
| TOTAL LIABILITIES AND EQUITY: | 3,011,104 | 2,927,172 | 2,728,808 | 2,667,724 | 2,637,308 | 2,703,944 | |||
Income Statement (P&L) ($ in thousands)
| 9/30/2024 TTM | 12/31/2023 | 12/31/2022 | 12/31/2021 | 12/31/2020 | 12/31/2019 | 12/31/2018 | ||
|---|---|---|---|---|---|---|---|---|
| Revenues | 720,227 | 718,905 | 807,473 | 691,873 | 673,266 | 567,137 | ||
| Cost of revenue (Cost of Goods and Services Sold) | (607,278) | (602,749) | (589,672) | (546,170) | (649,867) | (488,038) | ||
| Gross profit: | 112,949 | 116,156 | 217,801 | 145,703 | 23,399 | 79,099 | ||
| Operating expenses | (157,623) | (128,594) | (134,381) | (94,122) | (80,508) | (118,225) | ||
| Other operating income, net (Other undisclosed Other operating income, net) | ||||||||
| Other undisclosed operating income (loss) | 24,876 | |||||||
| Operating income (loss): | (44,674) | 12,438 | 83,420 | 51,581 | (57,109) | (39,126) | ||
| Nonoperating income (expense) | (38,321) | (32,476) | (77,894) | (68,236) | (66,549) | 5,862 | ||
| Investment income, nonoperating | 2,925 | (4,723) | (35,792) | |||||
| Other nonoperating income (expense) | 5,883 | (7,829) | (574) | (2,256) | (4,429) | (907) | ||
| Interest and debt expense | (43,319) | (42,793) | (41,945) | (49,569) | (48,447) | (40,944) | ||
| Other undisclosed income from continuing operations before equity method investments, income taxes | 49,569 | 48,447 | 40,944 | |||||
| Loss from continuing operations before equity method investments, income taxes: | (126,314) | (62,831) | (36,419) | (16,655) | (123,658) | (33,264) | ||
| Other undisclosed income from continuing operations before income taxes | 43,319 | 17,917 | 41,945 | |||||
| Income (loss) from continuing operations before income taxes: | (82,995) | (44,914) | 5,526 | (16,655) | (123,658) | (33,264) | ||
| Income tax expense (benefit) | (1,222) | (7,566) | 29,569 | (135) | 24,101 | 6,701 | ||
| Income (loss) from continuing operations: | (84,217) | (52,480) | 35,095 | (16,790) | (99,557) | (26,563) | ||
| Income (loss) before gain (loss) on sale of properties: | ✕ | ✕ | ✕ | 35,095 | (16,790) | (99,557) | (26,563) | |
| Net income (loss): | (84,217) | (52,480) | 35,095 | (16,790) | (99,557) | (26,563) | ||
| Other undisclosed net income attributable to parent | 15,132 | |||||||
| Net income (loss) attributable to parent: | (84,217) | (37,348) | 35,095 | (16,790) | (99,557) | (26,563) | ||
| Other undisclosed net loss available to common stockholders, basic | (552) | (552) | (552) | (552) | (552) | (552) | ||
| Net income (loss) available to common stockholders, diluted: | (84,769) | (37,900) | 34,543 | (17,342) | (100,109) | (27,115) | ||
Comprehensive Income ($ in thousands)
| 9/30/2024 TTM | 12/31/2023 | 12/31/2022 | 12/31/2021 | 12/31/2020 | 12/31/2019 | 12/31/2018 | ||
|---|---|---|---|---|---|---|---|---|
| Net income (loss): | (84,217) | (52,480) | 35,095 | (16,790) | (99,557) | (26,563) | ||
| Comprehensive income (loss): | (84,217) | (52,480) | 35,095 | (16,790) | (99,557) | (26,563) | ||
| Other undisclosed comprehensive income (loss), net of tax, attributable to parent | 3,389 | 46,036 | 4,433 | 4,421 | 5,159 | (17,807) | ||
| Comprehensive income (loss), net of tax, attributable to parent: | (80,828) | (6,444) | 39,528 | (12,369) | (94,398) | (44,370) | ||
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.