McEwen Mining Inc. (MUX) financial statements (2020 and earlier)
Company profile
| Business Address |
SUITE 2800 TORONTO, ON M5H 1J9 |
| State of Incorp. | CO |
| Fiscal Year End | December 31 |
| SIC | 104 - Gold And Silver Ores (benchmarking) |
| More info | Complete financial analysis Financial benchmarking |
Balance sheet (Statement of financial position) ($ in millions)
| 12/31/2019 | 12/31/2018 | 12/31/2017 | 12/31/2016 | 12/31/2015 | 12/31/2014 | 12/31/2013 | |||
|---|---|---|---|---|---|---|---|---|---|
| ASSETS | |||||||||
| Current Assets | |||||||||
| Cash, cash equivalents, and short-term investments | 48 | 19 | 27 | 37 | 26 | 12 | 24 | ||
| Cash and cash equivalents | 46 | 16 | 27 | 37 | 26 | 12 | 24 | ||
| Short-term investments | 2 | 3 | |||||||
| Receivables | 3 | 1 | 5 | 4 | 10 | ||||
| Inventory, net of allowances, customer advances and progress billings | 38 | 22 | 32 | 27 | 15 | 12 | 9 | ||
| Inventory | 38 | 22 | 32 | 27 | 15 | 12 | 9 | ||
| Other current assets | 3 | 3 | 5 | 2 | 3 | 2 | 2 | ||
| Other undisclosed current assets | 15 | 18 | 9 | 1 | 13 | 12 | |||
| Total current assets: | 92 | 59 | 87 | 79 | 54 | 40 | 47 | ||
| Noncurrent Assets | |||||||||
| Inventory, Noncurrent | 10 | ||||||||
| Operating lease, right-of-use asset | 1 | ✕ | ✕ | ✕ | ✕ | ✕ | ✕ | ||
| Property, plant and equipment | 108 | 115 | 51 | 14 | 16 | 18 | 15 | ||
| Long-term investments and receivables | 110 | 128 | 150 | 162 | 167 | 177 | 213 | ||
| Long-term investments | 110 | 128 | 150 | 162 | 167 | 177 | 213 | ||
| Restricted cash and investments | 0 | 0 | 5 | ||||||
| Other noncurrent assets | 1 | 6 | 11 | 1 | 1 | 1 | 0 | ||
| Other undisclosed noncurrent assets | 310 | 309 | 293 | 243 | 237 | 288 | 643 | ||
| Total noncurrent assets: | 539 | 558 | 505 | 420 | 421 | 483 | 876 | ||
| TOTAL ASSETS: | 631 | 617 | 592 | 498 | 475 | 523 | 923 | ||
| LIABILITIES AND EQUITY | |||||||||
| Liabilities | |||||||||
| Current Liabilities | |||||||||
| Accounts payable and accrued liabilities, including: | 34 | 31 | 35 | 20 | 18 | 22 | 10 | ||
| Taxes payable | 0 | ||||||||
| Other undisclosed accounts payable and accrued liabilities | 34 | 31 | 35 | 20 | 18 | 21 | 10 | ||
| Debt | 5 | 2 | 0 | 3 | |||||
| Asset retirement obligation | 3 | 1 | 1 | 1 | 0 | 2 | 1 | ||
| Due to related parties | 5 | ||||||||
| Other undisclosed current liabilities | 2 | 3 | 2 | ||||||
| Total current liabilities: | 49 | 36 | 38 | 21 | 22 | 24 | 11 | ||
| Noncurrent Liabilities | |||||||||
| Long-term debt and lease obligation | 5 | 0 | |||||||
| Capital lease obligations | ✕ | 5 | 0 | ||||||
| Liabilities, other than long-term debt | 58 | 65 | 33 | 35 | 35 | 6 | 165 | ||
| Deferred revenue and credits | ✕ | ✕ | 0 | 0 | |||||
| Asset retirement obligations | 30 | 29 | 24 | 9 | 8 | 5 | 6 | ||
| Deferred tax liabilities, net | ✕ | 6 | 8 | 24 | 27 | 159 | |||
| Deferred income tax liabilities | 5 | ✕ | ✕ | ✕ | ✕ | ✕ | ✕ | ||
| Due to related parties | 20 | 25 | |||||||
| Other liabilities | 4 | 6 | 1 | 2 | 0 | 0 | |||
| Other undisclosed noncurrent liabilities | 25 | 25 | 52 | ||||||
| Total noncurrent liabilities: | 83 | 95 | 33 | 35 | 35 | 58 | 165 | ||
| Total liabilities: | 132 | 131 | 71 | 55 | 57 | 82 | 176 | ||
| Stockholders' equity | |||||||||
| Stockholders' equity attributable to parent, including: | 499 | 486 | 521 | 443 | 418 | 441 | 747 | ||
| Common stock | 1,531 | 1,457 | 1,444 | 1,360 | 1,359 | 1,361 | 1,355 | ||
| Accumulated other comprehensive income (loss) | 3 | 2 | (1) | 0 | (0) | ||||
| Accumulated deficit | (1,031) | (971) | (930) | (919) | (940) | (920) | (608) | ||
| Other undisclosed stockholders' equity attributable to parent | 4 | ||||||||
| Total stockholders' equity: | 499 | 486 | 521 | 443 | 418 | 441 | 747 | ||
| TOTAL LIABILITIES AND EQUITY: | 631 | 617 | 592 | 498 | 475 | 523 | 923 | ||
Income statement (P&L) ($ in millions)
| 12/31/2019 | 12/31/2018 | 12/31/2017 | 12/31/2016 | 12/31/2015 | 12/31/2014 | 12/31/2013 | ||
|---|---|---|---|---|---|---|---|---|
| Revenues | 117 | 129 | 68 | 60 | 73 | 45 | 46 | |
| Revenue, net | ✕ | ✕ | 68 | 60 | 73 | 45 | 46 | |
| Cost of revenue | (60) | (54) | (67) | (40) | (55) | (83) | (158) | |
| Cost of goods and services sold | (2) | (67) | (40) | (45) | (54) | (60) | ||
| Other undisclosed gross profit | (48) | (40) | ||||||
| Gross profit: | 9 | 35 | 1 | 20 | 18 | (38) | (112) | |
| Operating expenses | (13) | (28) | (27) | (16) | (67) | (373) | (89) | |
| Other undisclosed operating income (loss) | (60) | (54) | 11 | |||||
| Operating income (loss): | (64) | (47) | (26) | 15 | (49) | (410) | (200) | |
| Nonoperating income (expense) | 0 | (1) | 0 | 2 | 4 | (9) | (1) | |
| Investment income, nonoperating | 1 | 0 | 2 | 0 | 1 | |||
| Foreign currency transaction gain (loss), before tax | 4 | 1 | 1 | 2 | (2) | (1) | ||
| Other nonoperating income | 7 | |||||||
| Interest and debt expense | (2) | |||||||
| Income (loss) from continuing operations before equity method investments, income taxes: | (64) | (50) | (26) | 17 | (45) | (419) | (201) | |
| Income (loss) from equity method investments | (5) | 1 | ||||||
| Other undisclosed income from continuing operations before income taxes | 2 | |||||||
| Income (loss) from continuing operations before income taxes: | (64) | (48) | (26) | 17 | (45) | (424) | (200) | |
| Income tax benefit | 107 | 53 | ||||||
| Income (loss) before gain (loss) on sale of properties: | (64) | (48) | (26) | 17 | (45) | (317) | (147) | |
| Other undisclosed net income | 4 | 3 | 15 | |||||
| Net income (loss) attributable to parent: | (60) | (45) | (11) | 17 | (45) | (317) | (147) | |
| Other undisclosed net income (loss) available to common stockholders, basic | 4 | 25 | 5 | (1) | ||||
| Net income (loss) available to common stockholders, diluted: | (60) | (45) | (11) | 21 | (20) | (312) | (148) | |
Comprehensive Income ($ in millions)
| 12/31/2019 | 12/31/2018 | 12/31/2017 | 12/31/2016 | 12/31/2015 | 12/31/2014 | 12/31/2013 | ||
|---|---|---|---|---|---|---|---|---|
| Net income (loss): | (60) | (45) | (11) | 17 | (45) | (317) | (147) | |
| Comprehensive income (loss): | (60) | (45) | (11) | 17 | (45) | (317) | (147) | |
| Other undisclosed comprehensive income (loss), net of tax, attributable to parent | 1 | 6 | 24 | 6 | (1) | |||
| Comprehensive income (loss), net of tax, attributable to parent: | (60) | (45) | (9) | 24 | (21) | (312) | (148) | |
Statements sources
The financial statements are based on the company's filings with the 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.