Supplemental Guarantor Information | 12 Months Ended |
Dec. 31, 2014 |
Condensed Financial Information of Parent Company Only Disclosure [Abstract] | |
Condensed Financial Information of Parent Company Only Disclosure [Text Block] | SUPPLEMENTAL GUARANTOR INFORMATION |
The following Condensed Consolidating Financial Statements are presented to satisfy disclosure requirements of Rule 3-10 of Regulation S-X resulting from the guarantees by Coeur Alaska, Inc., Coeur Explorations, Inc., Coeur Rochester, Inc., Coeur South America Corp., and Coeur Capital, Inc. (collectively, the “Subsidiary Guarantors”) of the $434.9 million aggregate principal amount of Senior Notes. The following schedules present Condensed Consolidating Financial Statements of (a) Coeur, the parent company; (b) the Subsidiary Guarantors; and (c) certain wholly owned domestic and foreign subsidiaries of the Company (collectively, the “Non-Guarantor Subsidiaries”). Each of the Subsidiary Guarantors is 100% owned by Coeur and the guarantees are full and unconditional. There are no restrictions on the ability of Coeur to obtain funds from its subsidiaries by dividend or loan. |
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CONDENSED CONSOLIDATING STATEMENT OF COMPREHENSIVE INCOME (LOSS) |
YEAR ENDED DECEMBER 31, 2014 |
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| | | | | | | | | | | | | | | | | | | | |
In thousands | | Coeur Mining, Inc. | | Guarantor Subsidiaries | | Non-Guarantor Subsidiaries | | Eliminations | | Consolidated |
Revenue | | $ | — | | | $ | 261,963 | | | $ | 373,779 | | | $ | — | | | $ | 635,742 | |
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COSTS AND EXPENSES | | | | | | | | | | |
Costs applicable to sales(1) | | — | | | 196,805 | | | 281,140 | | | — | | | 477,945 | |
|
Amortization | | 1,805 | | | 65,100 | | | 95,531 | | | — | | | 162,436 | |
|
General and administrative | | 39,976 | | | 6 | | | 863 | | | — | | | 40,845 | |
|
Exploration | | 3,560 | | | 11,157 | | | 7,023 | | | — | | | 21,740 | |
|
Write-downs | | — | | | 107,832 | | | 1,364,889 | | | — | | | 1,472,721 | |
|
Pre-development, reclamation, and other | | 8,813 | | | 3,889 | | | 13,335 | | | — | | | 26,037 | |
|
Total costs and expenses | | 54,154 | | | 384,789 | | | 1,762,781 | | | — | | | 2,201,724 | |
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OTHER INCOME (EXPENSE), NET | | | | | | | | | | |
Fair value adjustments, net | | 1,812 | | | 3,653 | | | (1,847 | ) | | — | | | 3,618 | |
|
Impairment of equity securities | | — | | | (6,593 | ) | | — | | | — | | | (6,593 | ) |
|
Interest income and other, net | | 4,406 | | | (430 | ) | | 227 | | | (2,828 | ) | | 1,375 | |
|
Interest expense, net of capitalized interest | | (38,389 | ) | | (891 | ) | | (11,094 | ) | | 2,828 | | | (47,546 | ) |
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Total other income (expense), net | | (32,171 | ) | | (4,261 | ) | | (12,714 | ) | | — | | | (49,146 | ) |
|
Income (Loss) before income and mining taxes | | (86,325 | ) | | (127,087 | ) | | (1,401,716 | ) | | — | | | (1,615,128 | ) |
|
Income and mining tax (expense) benefit | | 1,742 | | | (2,224 | ) | | 459,726 | | | — | | | 459,244 | |
|
Income (Loss) after income and mining taxes | | (84,583 | ) | | (129,311 | ) | | (941,990 | ) | | — | | | (1,155,884 | ) |
|
Equity income (loss) in consolidated subsidiaries | | (1,071,301 | ) | | (4,181 | ) | | — | | | 1,075,482 | | | — | |
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NET INCOME (LOSS) | | $ | (1,155,884 | ) | | $ | (133,492 | ) | | $ | (941,990 | ) | | $ | 1,075,482 | | | $ | (1,155,884 | ) |
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OTHER COMPREHENSIVE INCOME (LOSS), net of tax: | | | | | | | | | | |
Unrealized gain (loss) on equity securities, net of tax | | (2,290 | ) | | (2,272 | ) | | — | | | 2,272 | | | (2,290 | ) |
|
Reclassification adjustments for impairment of equity securities, net of tax | | 4,042 | | | 4,042 | | | — | | | (4,042 | ) | | 4,042 | |
|
Reclassification adjustments for realized loss on sale of equity securities, net of tax | | 346 | | | 328 | | | — | | | (328 | ) | | 346 | |
|
Other comprehensive income (loss) | | 2,098 | | | 2,098 | | | — | | | (2,098 | ) | | 2,098 | |
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COMPREHENSIVE INCOME (LOSS) | | $ | (1,153,786 | ) | | $ | (131,394 | ) | | $ | (941,990 | ) | | $ | 1,073,384 | | | $ | (1,153,786 | ) |
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(1) Excludes amortization. |
CONDENSED CONSOLIDATING STATEMENT OF COMPREHENSIVE INCOME (LOSS) |
YEAR ENDED DECEMBER 31, 2013 |
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| | | | | | | | | | | | | | | | | | | | |
In thousands | | Coeur Mining, Inc. | | Guarantor Subsidiaries | | Non-Guarantor Subsidiaries | | Eliminations | | Consolidated |
Revenue | | $ | — | | | $ | 268,023 | | | $ | 477,971 | | | $ | — | | | $ | 745,994 | |
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COSTS AND EXPENSES | | | | | | | | | | |
Costs applicable to sales(1) | | — | | | 182,444 | | | 281,219 | | | — | | | 463,663 | |
|
Amortization | | 1,066 | | | 71,655 | | | 156,843 | | | — | | | 229,564 | |
|
General and administrative | | 50,213 | | | 3,245 | | | 1,885 | | | — | | | 55,343 | |
|
Exploration | | 1,602 | | | 8,920 | | | 11,838 | | | — | | | 22,360 | |
|
Litigation settlement | | — | | | 32,046 | | | — | | | — | | | 32,046 | |
|
Write-downs | | — | | | 130,694 | | | 642,299 | | | — | | | 772,993 | |
|
Pre-development, reclamation, and other | | — | | | 3,093 | | | 12,091 | | | — | | | 15,184 | |
|
Total costs and expenses | | 52,881 | | | 432,097 | | | 1,106,175 | | | — | | | 1,591,153 | |
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OTHER INCOME (EXPENSE), NET | | | | | | | | | | |
Fair value adjustments, net | | (1,346 | ) | | 7,896 | | | 76,218 | | | — | | | 82,768 | |
|
Impairment of equity securities | | (18,097 | ) | | (211 | ) | | — | | | — | | | (18,308 | ) |
|
Interest income and other, net | | 13,408 | | | (1,539 | ) | | 4,602 | | | (3,148 | ) | | 13,323 | |
|
Interest expense, net of capitalized interest | | (25,652 | ) | | (445 | ) | | (18,354 | ) | | 3,148 | | | (41,303 | ) |
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Total other income (expense), net | | (31,687 | ) | | 5,701 | | | 62,466 | | | — | | | 36,480 | |
|
Income (Loss) before income and mining taxes | | (84,568 | ) | | (158,373 | ) | | (565,738 | ) | | — | | | (808,679 | ) |
|
Income and mining tax (expense) benefit | | 78,332 | | | (155 | ) | | 79,939 | | | — | | | 158,116 | |
|
Income (Loss) after income and mining taxes | | (6,236 | ) | | (158,528 | ) | | (485,799 | ) | | — | | | (650,563 | ) |
|
Equity income (loss) in consolidated subsidiaries | | (644,327 | ) | | (68 | ) | | — | | | 644,395 | | | — | |
|
NET INCOME (LOSS) | | $ | (650,563 | ) | | $ | (158,596 | ) | | $ | (485,799 | ) | | $ | 644,395 | | | $ | (650,563 | ) |
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OTHER COMPREHENSIVE INCOME (LOSS), net of tax: | | | | | | | | | | |
Unrealized gain (loss) on equity securities, net of tax | | (8,489 | ) | | (552 | ) | | — | | | 552 | | | (8,489 | ) |
|
Reclassification adjustments for impairment of equity securities, net of tax | | 11,221 | | | 211 | | | — | | | (211 | ) | | 11,221 | |
|
Reclassification adjustments for realized loss on sale of equity securities, net of tax | | 83 | | | — | | | — | | | — | | | 83 | |
|
Other comprehensive income (loss) | | 2,815 | | | (341 | ) | | — | | | 341 | | | 2,815 | |
|
COMPREHENSIVE INCOME (LOSS) | | $ | (647,748 | ) | | $ | (158,937 | ) | | $ | (485,799 | ) | | $ | 644,736 | | | $ | (647,748 | ) |
|
(1) Excludes amortization. |
CONDENSED CONSOLIDATING STATEMENT OF COMPREHENSIVE INCOME (LOSS) |
YEAR ENDED DECEMBER 31, 2012 |
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| | | | | | | | | | | | | | | | | | | | |
In thousands | | Coeur Mining, Inc. | | Guarantor Subsidiaries | | Non-Guarantor Subsidiaries | | Eliminations | | Consolidated |
Revenue | | $ | — | | | $ | 243,380 | | | $ | 652,112 | | | $ | — | | | $ | 895,492 | |
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COSTS AND EXPENSES | | | | | | | | | | |
Costs applicable to sales(1) | | — | | | 159,151 | | | 295,411 | | | — | | | 454,562 | |
|
Amortization | | 521 | | | 48,065 | | | 167,446 | | | — | | | 216,032 | |
|
General and administrative | | 30,699 | | | 1,101 | | | 1,177 | | | — | | | 32,977 | |
|
Exploration | | 1,946 | | | 7,930 | | | 16,394 | | | — | | | 26,270 | |
|
Write-downs | | — | | | — | | | 5,825 | | | — | | | 5,825 | |
|
Pre-development, reclamation, and other | | — | | | 1,323 | | | 2,763 | | | — | | | 4,086 | |
|
Total costs and expenses | | 33,166 | | | 217,570 | | | 489,016 | | | — | | | 739,752 | |
|
Loss on debt extinguishments | | — | | | (1,036 | ) | | — | | | — | | | (1,036 | ) |
|
Fair value adjustments, net | | 3,477 | | | 4,089 | | | (31,053 | ) | | — | | | (23,487 | ) |
|
Impairment of equity securities | | (605 | ) | | — | | | — | | | — | | | (605 | ) |
|
Interest income and other, net | | 5,744 | | | 859 | | | 13,071 | | | (4,633 | ) | | 15,041 | |
|
Interest expense, net of capitalized interest | | (4,158 | ) | | (2,997 | ) | | (23,647 | ) | | 4,633 | | | (26,169 | ) |
|
Total other income (expense), net | | 4,458 | | | 915 | | | (41,629 | ) | | — | | | (36,256 | ) |
|
Income (Loss) before income and mining taxes | | (28,708 | ) | | 26,725 | | | 121,467 | | | — | | | 119,484 | |
|
Income and mining tax (expense) benefit | | (3,844 | ) | | (2,930 | ) | | (64,033 | ) | | — | | | (70,807 | ) |
|
Income (Loss) after income and mining taxes | | (32,552 | ) | | 23,795 | | | 57,434 | | | — | | | 48,677 | |
|
Equity income (loss) in consolidated subsidiaries | | 81,229 | | | — | | | — | | | (81,229 | ) | | — | |
|
NET INCOME (LOSS) | | $ | 48,677 | | | $ | 23,795 | | | $ | 57,434 | | | $ | (81,229 | ) | | $ | 48,677 | |
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OTHER COMPREHENSIVE INCOME (LOSS), net of tax: | | | | | | | | | | |
Unrealized gain (loss) on equity securities, net of tax | | (3,351 | ) | | — | | | — | | | — | | | (3,351 | ) |
|
Reclassification adjustments for impairment of equity securities, net of tax | | 605 | | | — | | | — | | | — | | | 605 | |
|
Other comprehensive income (loss) | | (2,746 | ) | | — | | | — | | | — | | | (2,746 | ) |
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COMPREHENSIVE INCOME (LOSS) | | $ | 45,931 | | | $ | 23,795 | | | $ | 57,434 | | | $ | (81,229 | ) | | $ | 45,931 | |
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(1) Excludes amortization. |
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CONDENSED CONSOLIDATING STATEMENT OF CASH FLOWS |
YEAR ENDED DECEMBER 31, 2014 |
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| | | | | | | | | | | | | | | | | | | | |
In thousands | | Coeur Mining, Inc. | | Guarantor Subsidiaries | | Non-Guarantor Subsidiaries | | Eliminations | | Consolidated |
CASH FLOWS FROM OPERATING ACTIVITIES: | | | | | | | | | | |
Cash provided by (used in) operating activities | | $ | (1,144,474 | ) | | $ | 41,292 | | | $ | 80,627 | | | $ | 1,075,482 | | | 52,927 | |
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CASH FLOWS FROM INVESTING ACTIVITIES | | — | | | — | | | — | | | | | |
|
Capital expenditures | | (1,849 | ) | | (28,118 | ) | | (34,277 | ) | | — | | | (64,244 | ) |
|
Purchase of short term investments and equity securities | | (50,013 | ) | | (429 | ) | | (71 | ) | | — | | | (50,513 | ) |
|
Sales and maturities of short term investments and equity securities | | 49,069 | | | 5,261 | | | 14 | | | — | | | 54,344 | |
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Acquisitions | | (12,079 | ) | | (4,000 | ) | | (5,250 | ) | | — | | | (21,329 | ) |
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Other | | — | | | 48 | | | (40 | ) | | — | | | 8 | |
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Investments in consolidated subsidiaries | | 1,120,382 | | | 4,106 | | | — | | | (1,124,488 | ) | | — | |
|
CASH PROVIDED BY (USED IN) INVESTING ACTIVITIES | | 1,105,510 | | | (23,132 | ) | | (39,624 | ) | | (1,124,488 | ) | | (81,734 | ) |
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CASH FLOWS FROM FINANCING ACTIVITIES: | | | | | | | | | | |
Issuance of notes and bank borrowings | | 153,000 | | | — | | | 14,784 | | | — | | | 167,784 | |
|
Payments on long-term debt, capital leases, and associated costs | | (18,545 | ) | | (6,114 | ) | | (1,243 | ) | | — | | | (25,902 | ) |
|
Gold production royalty payments | | — | | | — | | | (48,395 | ) | | — | | | (48,395 | ) |
|
Net intercompany financing activity | | (21,697 | ) | | (7,256 | ) | | (20,053 | ) | | 49,006 | | | — | |
|
Other | | (509 | ) | | — | | | — | | | — | | | (509 | ) |
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CASH PROVIDED BY (USED IN) FINANCING ACTIVITIES | | 112,249 | | | (13,370 | ) | | (54,907 | ) | | 49,006 | | | 92,978 | |
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NET CHANGE IN CASH AND CASH EQUIVALENTS | | 73,285 | | | 4,790 | | | (13,904 | ) | | — | | | 64,171 | |
|
Cash and cash equivalents at beginning of period | | 137,076 | | | 991 | | | 68,623 | | | — | | | 206,690 | |
|
Cash and cash equivalents at end of period | | $ | 210,361 | | | $ | 5,781 | | | $ | 54,719 | | | $ | — | | | $ | 270,861 | |
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CONDENSED CONSOLIDATING STATEMENT OF CASH FLOWS |
YEAR ENDED DECEMBER 31, 2013 |
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| | | | | | | | | | | | | | | | | | | | |
In thousands | | Coeur Mining, Inc. | | Guarantor Subsidiaries | | Non-Guarantor Subsidiaries | | Eliminations | | Consolidated |
CASH FLOWS FROM OPERATING ACTIVITIES: | | | | | | | | | | |
Cash provided by (used in) operating activities | | $ | (701,653 | ) | | $ | 17,456 | | | $ | 151,491 | | | $ | 646,173 | | | $ | 113,467 | |
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CASH FLOWS FROM INVESTING ACTIVITIES | | | | | | | | | | |
Capital expenditures | | (3,573 | ) | | (50,810 | ) | | (46,430 | ) | | — | | | (100,813 | ) |
|
Purchase of short term investments and equity securities | | (2,921 | ) | | (66 | ) | | (5,065 | ) | | — | | | (8,052 | ) |
|
Sales and maturities of short term investments and equity securities | | 29,274 | | | 75 | | | 5,447 | | | — | | | 34,796 | |
|
Acquisitions | | (113,214 | ) | | (3,684 | ) | | — | | | — | | | (116,898 | ) |
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Other | | 3,266 | | | 444 | | | 768 | | | — | | | 4,478 | |
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Investments in consolidated subsidiaries | | 642,617 | | | 68 | | | 3,488 | | | (646,173 | ) | | — | |
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CASH PROVIDED BY (USED IN) INVESTING ACTIVITIES | | 555,449 | | | (53,973 | ) | | (41,792 | ) | | (646,173 | ) | | (186,489 | ) |
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CASH FLOWS FROM FINANCING ACTIVITIES: | | | | | | | | | | |
Issuance of notes and bank borrowings | | 300,000 | | | — | | | — | | | — | | | 300,000 | |
|
Payments on long-term debt, capital leases, and associated costs | | (52,568 | ) | | (3,171 | ) | | (4,889 | ) | | — | | | (60,628 | ) |
|
Gold production royalty payments | | — | | | — | | | (57,034 | ) | | — | | | (57,034 | ) |
|
Share repurchases | | (27,552 | ) | | — | | | — | | | — | | | (27,552 | ) |
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Net intercompany financing activity | | (22,874 | ) | | 40,279 | | | (17,405 | ) | | — | | | — | |
|
Other | | (514 | ) | | — | | | — | | | — | | | (514 | ) |
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CASH PROVIDED BY (USED IN) FINANCING ACTIVITIES | | 196,492 | | | 37,108 | | | (79,328 | ) | | — | | | 154,272 | |
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NET CHANGE IN CASH AND CASH EQUIVALENTS | | 50,288 | | | 591 | | | 30,371 | | | — | | | 81,250 | |
|
Cash and cash equivalents at beginning of period | | 86,788 | | | 400 | | | 38,252 | | | — | | | 125,440 | |
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Cash and cash equivalents at end of period | | $ | 137,076 | | | $ | 991 | | | $ | 68,623 | | | $ | — | | | $ | 206,690 | |
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CONDENSED CONSOLIDATING STATEMENT OF CASH FLOWS |
YEAR ENDED DECEMBER 31, 2012 |
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| | | | | | | | | | | | | | | | | | | | |
In thousands | | Coeur Mining, Inc. | | Guarantor Subsidiaries | | Non-Guarantor Subsidiaries | | Eliminations | | Consolidated |
CASH FLOWS FROM OPERATING ACTIVITIES: | | | | | | | | | | |
Cash provided by (used in) operating activities | | $ | 58,754 | | | $ | 37,426 | | | $ | 256,683 | | | $ | (81,229 | ) | | 271,634 | |
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CASH FLOWS FROM INVESTING ACTIVITIES | | | | | | | | | | |
Capital expenditures | | (1,531 | ) | | (48,788 | ) | | (65,322 | ) | | — | | | (115,641 | ) |
|
Purchase of short term investments and equity securities | | (12,913 | ) | | (46 | ) | | — | | | — | | | (12,959 | ) |
|
Sales and maturities of short term investments and equity securities | | 21,590 | | | 45 | | | 60 | | | — | | | 21,695 | |
|
Acquisitions | | (29,338 | ) | | — | | | 41 | | | — | | | (29,297 | ) |
|
Other | | 3,538 | | | 130 | | | (581 | ) | | — | | | 3,087 | |
|
Investments in consolidated subsidiaries | | (81,229 | ) | | — | | | — | | | 81,229 | | | — | |
|
CASH PROVIDED BY (USED IN) INVESTING ACTIVITIES | | (99,883 | ) | | (48,659 | ) | | (65,802 | ) | | 81,229 | | | (133,115 | ) |
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CASH FLOWS FROM FINANCING ACTIVITIES: | | | | | | | | | | |
Payments on long-term debt, capital leases, and associated costs | | (4,005 | ) | | (79,839 | ) | | (13,326 | ) | | — | | | (97,170 | ) |
|
Gold production royalty payments | | — | | | — | | | (74,734 | ) | | — | | | (74,734 | ) |
|
Share repurchases | | (19,971 | ) | | — | | | — | | | — | | | (19,971 | ) |
|
Net intercompany financing activity | | 67,082 | | | 86,394 | | | (153,476 | ) | | — | | | — | |
|
Other | | (861 | ) | | 4,645 | | | — | | | — | | | 3,784 | |
|
CASH PROVIDED BY (USED IN) FINANCING ACTIVITIES | | 42,245 | | | 11,200 | | | (241,536 | ) | | — | | | (188,091 | ) |
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NET CHANGE IN CASH AND CASH EQUIVALENTS | | 1,116 | | | (33 | ) | | (50,655 | ) | | — | | | (49,572 | ) |
|
Cash and cash equivalents at beginning of period | | 85,672 | | | 433 | | | 88,907 | | | — | | | 175,012 | |
|
Cash and cash equivalents at end of period | | $ | 86,788 | | | $ | 400 | | | $ | 38,252 | | | $ | — | | | $ | 125,440 | |
|
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CONDENSED CONSOLIDATING BALANCE SHEET |
DECEMBER 31, 2014 |
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| | | | | | | | | | | | | | | | | | | | |
In thousands | | Coeur Mining, Inc. | | Guarantor Subsidiaries | | Non-Guarantor Subsidiaries | | Eliminations | | Consolidated |
ASSETS | | | | | | | | |
CURRENT ASSETS | | | | | | | | | | |
Cash and cash equivalents | | $ | 210,361 | | | $ | 5,781 | | | $ | 54,719 | | | $ | — | | | $ | 270,861 | |
|
Receivables | | 87 | | | 11,151 | | | 105,683 | | | — | | | 116,921 | |
|
Ore on leach pads | | — | | | 48,204 | | | — | | | — | | | 48,204 | |
|
Inventory | | — | | | 54,983 | | | 59,948 | | | — | | | 114,931 | |
|
Deferred tax assets | | 393 | | | — | | | 6,971 | | | — | | | 7,364 | |
|
Prepaid expenses and other | | 6,349 | | | 4,557 | | | 4,617 | | | — | | | 15,523 | |
|
| | 217,190 | | | 124,676 | | | 231,938 | | | — | | | 573,804 | |
|
NON-CURRENT ASSETS | | | | | | | | | | |
Property, plant, and equipment, net | | 6,155 | | | 107,084 | | | 114,672 | | | — | | | 227,911 | |
|
Mining properties, net | | 12,004 | | | 159,124 | | | 330,064 | | | — | | | 501,192 | |
|
Ore on leach pads | | — | | | 37,889 | | | — | | | — | | | 37,889 | |
|
Restricted assets | | 897 | | | 50 | | | 6,090 | | | — | | | 7,037 | |
|
Equity securities | | — | | | 5,982 | | | — | | | — | | | 5,982 | |
|
Receivables | | — | | | — | | | 21,686 | | | — | | | 21,686 | |
|
Debt issuance costs, net | | 9,851 | | | — | | | — | | | — | | | 9,851 | |
|
Deferred tax assets | | 30,419 | | | — | | | 29,732 | | | — | | | 60,151 | |
|
Net investment in subsidiaries | | 128,913 | | | 45,615 | | | — | | | (174,528 | ) | | — | |
|
Other | | 50,813 | | | 5,522 | | | 4,394 | | | (50,814 | ) | | 9,915 | |
|
TOTAL ASSETS | | $ | 456,242 | | | $ | 485,942 | | | $ | 738,576 | | | $ | (225,342 | ) | | $ | 1,455,418 | |
|
| | | | | | | | | | |
LIABILITIES AND STOCKHOLDERS’ EQUITY | | | | | | | | | | |
CURRENT LIABILITIES | | | | | | | | | | |
Accounts payable | | $ | 3,414 | | | $ | 13,391 | | | $ | 32,247 | | | $ | — | | | $ | 49,052 | |
|
Accrued liabilities and other | | 22,588 | | | 11,207 | | | 17,718 | | | — | | | 51,513 | |
|
Debt | | 5,334 | | | 7,476 | | | 4,688 | | | — | | | 17,498 | |
|
Royalty obligations | | — | | | 5,747 | | | 37,931 | | | — | | | 43,678 | |
|
Reclamation | | — | | | 3,401 | | | 1,621 | | | (1,151 | ) | | 3,871 | |
|
Deferred tax liabilities | | 7,142 | | | 848 | | | 88 | | | — | | | 8,078 | |
|
| | 38,478 | | | 42,070 | | | 94,293 | | | (1,151 | ) | | 173,690 | |
|
NON-CURRENT LIABILITIES | | | | | | | | | | |
Debt | | 437,455 | | | 12,806 | | | 61,452 | | | (50,814 | ) | | 460,899 | |
|
Royalty obligations | | — | | | 9,623 | | | 18,028 | | | — | | | 27,651 | |
|
Reclamation | | — | | | 46,792 | | | 19,000 | | | 1,151 | | | 66,943 | |
|
Deferred tax liabilities | | 53,201 | | | 2,963 | | | 54,842 | | | — | | | 111,006 | |
|
Other long-term liabilities | | 2,582 | | | 469 | | | 26,860 | | | — | | | 29,911 | |
|
Intercompany payable (receivable) | | (660,792 | ) | | 427,156 | | | 233,636 | | | — | | | — | |
|
| | (167,554 | ) | | 499,809 | | | 413,818 | | | (49,663 | ) | | 696,410 | |
|
STOCKHOLDERS’ EQUITY | | | | | | | | | | |
Common stock | | 1,034 | | | 250 | | | 128,299 | | | (128,549 | ) | | 1,034 | |
|
Additional paid-in capital | | 2,789,695 | | | 79,712 | | | 1,682,830 | | | (1,762,542 | ) | | 2,789,695 | |
|
Accumulated deficit | | (2,202,603 | ) | | (133,091 | ) | | (1,580,664 | ) | | 1,713,755 | | | (2,202,603 | ) |
|
Accumulated other comprehensive income (loss) | | (2,808 | ) | | (2,808 | ) | | — | | | 2,808 | | | (2,808 | ) |
|
| | 585,318 | | | (55,937 | ) | | 230,465 | | | (174,528 | ) | | 585,318 | |
|
TOTAL LIABILITIES AND STOCKHOLDERS’ EQUITY | | $ | 456,242 | | | $ | 485,942 | | | $ | 738,576 | | | $ | (225,342 | ) | | $ | 1,455,418 | |
|
|
CONDENSED CONSOLIDATING BALANCE SHEET |
DECEMBER 31, 2013 |
|
|
| | | | | | | | | | | | | | | | | | | | |
In thousands | | Coeur Mining, Inc. | | Guarantor Subsidiaries | | Non-Guarantor Subsidiaries | | Eliminations | | Consolidated |
ASSETS | | | | | | | | |
CURRENT ASSETS | | | | | | | | | | |
Cash and cash equivalents | | $ | 137,076 | | | $ | 991 | | | $ | 68,623 | | | $ | — | | | $ | 206,690 | |
|
Receivables | | 530 | | | 19,982 | | | 60,562 | | | — | | | 81,074 | |
|
Ore on leach pads | | — | | | 50,495 | | | — | | | — | | | 50,495 | |
|
Inventory | | — | | | 35,290 | | | 96,733 | | | — | | | 132,023 | |
|
Deferred tax assets | | — | | | — | | | 35,008 | | | — | | | 35,008 | |
|
Prepaid expenses and other | | 4,128 | | | 5,282 | | | 16,530 | | | — | | | 25,940 | |
|
| | 141,734 | | | 112,040 | | | 277,456 | | | — | | | 531,230 | |
|
NON-CURRENT ASSETS | | | | | | | | | | |
Property, plant, and equipment, net | | 5,980 | | | 143,118 | | | 337,175 | | | — | | | 486,273 | |
|
Mining properties, net | | — | | | 235,537 | | | 1,515,964 | | | — | | | 1,751,501 | |
|
Ore on leach pads | | — | | | 31,528 | | | — | | | — | | | 31,528 | |
|
Restricted assets | | 830 | | | 50 | | | 6,134 | | | — | | | 7,014 | |
|
Equity securities | | — | | | 14,521 | | | — | | | — | | | 14,521 | |
|
Receivables | | — | | | — | | | 36,574 | | | — | | | 36,574 | |
|
Debt issuance costs, net | | 10,812 | | | — | | | — | | | — | | | 10,812 | |
|
Deferred tax assets | | 955 | | | — | | | 234 | | | — | | | 1,189 | |
|
Net investment in subsidiaries | | 1,242,480 | | | 46,215 | | | 1,578,799 | | | (2,867,494 | ) | | — | |
|
Other | | 53,858 | | | 14,616 | | | 320,425 | | | (373,563 | ) | | 15,336 | |
|
TOTAL ASSETS | | $ | 1,456,649 | | | $ | 597,625 | | | $ | 4,072,761 | | | $ | (3,241,057 | ) | | $ | 2,885,978 | |
|
| | | | | | | | | | |
LIABILITIES AND STOCKHOLDERS’ EQUITY | | | | | | | | | | |
CURRENT LIABILITIES | | | | | | | | | | |
Accounts payable | | $ | 1,963 | | | $ | 15,864 | | | $ | 36,020 | | | $ | — | | | $ | 53,847 | |
|
Accrued liabilities and other | | 16,693 | | | 8,016 | | | 14,611 | | | (1,054 | ) | | 38,266 | |
|
Debt | | — | | | 1,262 | | | 309,472 | | | (308,229 | ) | | 2,505 | |
|
Royalty obligations | | — | | | 3,934 | | | 44,085 | | | — | | | 48,019 | |
|
Reclamation | | — | | | — | | | 794 | | | 119 | | | 913 | |
|
Deferred tax liabilities | | — | | | — | | | 1,011 | | | — | | | 1,011 | |
|
| | 18,656 | | | 29,076 | | | 405,993 | | | (309,164 | ) | | 144,561 | |
|
NON-CURRENT LIABILITIES | | | | | | | | | | |
Debt | | 305,335 | | | 255 | | | 64,820 | | | (64,280 | ) | | 306,130 | |
|
Royalty obligations | | — | | | 17,696 | | | 47,446 | | | — | | | 65,142 | |
|
Reclamation | | — | | | 45,894 | | | 11,740 | | | (119 | ) | | 57,515 | |
|
Deferred tax liabilities | | 37,095 | | | 1,618 | | | 517,533 | | | — | | | 556,246 | |
|
Other long-term liabilities | | 2,467 | | | 544 | | | 22,806 | | | — | | | 25,817 | |
|
Intercompany payable (receivable) | | (637,471 | ) | | 427,085 | | | 210,386 | | | — | | | — | |
|
| | (292,574 | ) | | 493,092 | | | 874,731 | | | (64,399 | ) | | 1,010,850 | |
|
STOCKHOLDERS’ EQUITY | | | | | | | | | | |
Common stock | | 1,028 | | | 250 | | | 122,666 | | | (122,916 | ) | | 1,028 | |
|
Additional paid-in capital | | 2,781,164 | | | 79,712 | | | 3,258,037 | | | (3,337,749 | ) | | 2,781,164 | |
|
Accumulated deficit | | (1,046,719 | ) | | 401 | | | (588,666 | ) | | 588,265 | | | (1,046,719 | ) |
|
Accumulated other comprehensive income (loss) | | (4,906 | ) | | (4,906 | ) | | — | | | 4,906 | | | (4,906 | ) |
|
| | 1,730,567 | | | 75,457 | | | 2,792,037 | | | (2,867,494 | ) | | 1,730,567 | |
|
TOTAL LIABILITIES AND STOCKHOLDERS’ EQUITY | | $ | 1,456,649 | | | $ | 597,625 | | | $ | 4,072,761 | | | $ | (3,241,057 | ) | | $ | 2,885,978 | |
|
| | | | | | | | | | | | | | | | | | | | | |