Guarantor Subsidiaries [Text Block] | Note 16: Presented below are Hecla’s condensed consolidating financial statements as required by Rule 3 10 1934, Note 6 100% April 12, 2013, January 3, 2014. The condensed consolidating financial statements below have been prepared from our financial information on the same basis of accounting as the consolidated financial statements set forth elsewhere in this report. Investments in the subsidiaries are accounted for under the equity method. Accordingly, the entries necessary to consolidate Hecla, the Guarantors, and our non-guarantor subsidiaries are reflected in the intercompany eliminations column. In the course of preparing consolidated financial statements, we eliminate the effects of various transactions conducted between Hecla and its subsidiaries and among the subsidiaries. While valid at an individual subsidiary level, such activities are eliminated in consolidation because, when taken as a whole, they do not represent business activity with third • Investments in subsidiaries • Capital contributions • Debt. • Dividends. • Deferred taxes may Separate financial statements of the Guarantors are not presented because the guarantees by the Guarantors are joint and several and full and unconditional, except for certain customary release provisions, including: (1) (2) (3) (4) (5) Effective December 31, 2015, 100% $240.8 five 29.7331% January 1, 2016. Condensed Consolidating Balance Sheets As of December 31, 2016 Parent Guarantors Non-Guarantors Eliminations Consolidated (in thousands) Assets Cash and cash equivalents $ 113,275 $ 24,388 $ 32,114 $ — $ 169,777 Other current assets 33,950 65,369 35,524 (1,236 ) 133,607 Properties, plants, and equipment - net 2,103 1,258,890 771,692 — 2,032,685 Intercompany receivable (payable) 404,121 (222,072 ) (307,018 ) 124,769 — Investments in subsidiaries 1,496,787 — — (1,496,787 ) — Other non-current assets 4,186 186,988 5,350 (160,916 ) 35,608 Total assets $ 2,054,422 $ 1,313,563 $ 537,662 $ (1,533,970 ) $ 2,371,677 Liabilities and Stockholders' Equity Current liabilities $ 22,401 $ 86,730 $ 41,348 $ (22,999 ) $ 127,480 Long-term debt 500,979 3,065 2,773 — 506,817 Non-current portion of accrued reclamation — 63,025 16,902 — 79,927 Non-current deferred tax liability — 14,212 121,600 (14,212 ) 121,600 Other non-current liabilities 51,198 5,108 (325 ) 28 56,009 Stockholders' equity 1,479,844 1,141,423 355,364 (1,496,787 ) 1,479,844 Total liabilities and stockholders' equity $ 2,054,422 $ 1,313,563 $ 537,662 $ (1,533,970 ) $ 2,371,677 As of December 31, 2015 Parent Guarantors Non-Guarantors Eliminations Consolidated (in thousands) Assets Cash and cash equivalents $ 94,167 $ 42,692 $ 18,350 $ — $ 155,209 Other current assets 15,972 58,453 32,273 7,626 114,324 Properties, plants, and equipment - net 2,281 1,147,770 746,760 — 1,896,811 Intercompany receivable (payable) 540,665 (301,291 ) (332,553 ) 93,179 — Investments in subsidiaries 1,252,191 — — (1,252,191 ) — Other non-current assets 2,200 165,080 1,781 (113,480 ) 55,581 Total assets $ 1,907,476 $ 1,112,704 $ 466,611 $ (1,264,866 ) $ 2,221,925 Liabilities and Stockholders' Equity Current liabilities $ 21,087 $ 84,559 $ 30,636 $ (9,198 ) $ 127,084 Long-term debt 499,729 6,128 3,183 — 509,040 Non-current portion of accrued reclamation — 45,494 29,055 — 74,549 Non-current deferred tax liability — 3,264 119,836 (3,477 ) 119,623 Other non-current liabilities 47,734 5,834 (865 ) — 52,703 Stockholders' equity 1,338,926 967,425 284,766 (1,252,191 ) 1,338,926 Total liabilities and stockholders' equity $ 1,907,476 $ 1,112,704 $ 466,611 $ (1,264,866 ) $ 2,221,925 Condensed Consolidating Statements of Operations Year Ended December 31, 2016 Parent Guarantors Non-Guarantors Eliminations Consolidated (in thousands) Revenues $ (14,237 ) $ 369,162 $ 291,032 $ — $ 645,957 Cost of sales — (203,133 ) (135,850 ) — (338,983 ) Depreciation, depletion, and amortization — (64,374 ) (51,094 ) — (115,468 ) General and administrative (23,262 ) (20,425 ) (1,353 ) — (45,040 ) Exploration and pre-development (304 ) (6,640 ) (10,913 ) — (17,857 ) Gain on derivative contracts 4,423 — — — 4,423 Acquisition costs (2,607 ) (34 ) (54 ) — (2,695 ) Equity in earnings of subsidiaries 94,878 — — (94,878 ) — Other (expense) income 10,656 11,400 (36,074 ) (19,344 ) (33,362 ) (Loss) income before income taxes 69,547 85,956 55,694 (114,222 ) 96,975 (Provision) benefit from income taxes — (25,334 ) (21,438 ) 19,344 (27,428 ) Net (loss) income 69,547 60,622 34,256 (94,878 ) 69,547 Preferred stock dividends (552 ) — — — (552 ) (Loss) income applicable to common stockholders 68,995 60,622 34,256 (94,878 ) 68,995 Net (loss) income 69,547 60,622 34,256 (94,878 ) 69,547 Changes in comprehensive (loss) income (1,971 ) 8 2,657 (2,665 ) (1,971 ) Comprehensive (loss) income $ 67,576 $ 60,630 $ 36,913 $ (97,543 ) $ 67,576 Year Ended December 31, 2015 Parent Guarantors Non-Guarantors Eliminations Consolidated (in thousands) Revenues $ 6,194 $ 287,941 $ 149,432 $ — $ 443,567 Cost of sales — (192,683 ) (100,884 ) — (293,567 ) Depreciation, depletion, and amortization — (67,815 ) (43,674 ) — (111,489 ) General and administrative (17,920 ) (14,508 ) (1,773 ) — (34,201 ) Exploration and pre-development (627 ) (7,177 ) (14,154 ) — (21,958 ) Loss on derivative contracts 8,252 — — — 8,252 Closed operations (517 ) (1,645 ) — — (2,162 ) Equity in earnings of subsidiaries 49,565 — — (49,565 ) — Other (expense) income (131,915 ) 22,537 36,090 54,188 (19,100 ) Income (loss) before income taxes (86,968 ) 26,650 25,037 4,623 (30,658 ) (Provision) benefit from income taxes — (7,251 ) 5,129 (54,188 ) (56,310 ) Net income (loss) (86,968 ) 19,399 30,166 (49,565 ) (86,968 ) Preferred stock dividends (552 ) — — — (552 ) Income (loss) applicable to common stockholders (87,520 ) 19,399 30,166 (49,565 ) (87,520 ) Net income (loss) (86,968 ) 19,399 30,166 (49,565 ) (86,968 ) Changes in comprehensive income (loss) (600 ) (467 ) 259 208 (600 ) Comprehensive income (loss) $ (87,568 ) $ 18,932 $ 30,425 $ (49,357 ) $ (87,568 ) Year Ended December 31, 2014 Parent Guarantors Non-Guarantors Eliminations Consolidated (in thousands) Revenues $ 1,473 $ 333,460 $ 165,848 $ — $ 500,781 Cost of sales — (194,600 ) (109,846 ) — (304,446 ) Depreciation, depletion, and amortization — (72,937 ) (38,197 ) — (111,134 ) General and administrative (17,667 ) (12,694 ) (1,177 ) — (31,538 ) Exploration and pre-development (252 ) (7,088 ) (12,327 ) — (19,667 ) Gain on derivative contracts 9,134 — — — 9,134 Closed operations — — — — — Equity in earnings of subsidiaries 72,407 — — (72,407 ) — Other (expense) income (47,271 ) 29,753 3,267 (16,295 ) (30,546 ) (Loss) income before income taxes 17,824 75,894 7,568 (88,702 ) 12,584 (Provision) benefit from income taxes — (10,565 ) (490 ) 16,295 5,240 Net (loss) income 17,824 65,329 7,078 (72,407 ) 17,824 Preferred stock dividends (552 ) — — — (552 ) (Loss) income applicable to common stockholders 17,272 65,329 7,078 (72,407 ) 17,272 Net (loss) income 17,824 65,329 7,078 (72,407 ) 17,824 Changes in comprehensive (loss) income (5,732 ) (1,329 ) 1,152 177 (5,732 ) Comprehensive (loss) income $ 12,092 $ 64,000 $ 8,230 $ (72,230 ) $ 12,092 Condensed Consolidating Statements of Cash Flows Year Ended December 31, 2016 Parent Guarantors Non-Guarantors Eliminations Consolidated (in thousands) Cash flows from operating activities $ 85,665 $ 82,778 $ 76,491 $ (19,606 ) $ 225,328 Cash flows from investing activities: Additions to properties, plants, and equipment (348 ) (93,541 ) (70,899 ) — (164,788 ) Purchase of other companies, net of cash acquired (3,931 ) — — — (3,931 ) Other investing activities, net (29,383 ) (896 ) 333 — (29,946 ) Cash flows from financing activities: Dividends paid to stockholders (4,419 ) — — (4,419 ) Payments on debt — (10,174 ) (982 ) — (11,156 ) Other financing activity (28,476 ) 3,529 8,895 19,606 3,554 Effect of exchange rate changes on cash — — (74 ) — (74 ) Changes in cash and cash equivalents 19,108 (18,304 ) 13,764 — 14,568 Beginning cash and cash equivalents 94,167 42,692 18,350 — 155,209 Ending cash and cash equivalents $ 113,275 $ 24,388 $ 32,114 $ — $ 169,777 Year Ended December 31, 2015 Parent Guarantors Non-Guarantors Eliminations Consolidated (in thousands) Cash flows from operating activities $ (56,036 ) $ 101,254 $ 63,856 $ (2,629 ) $ 106,445 Cash flows from investing activities: — Additions to properties, plants, and equipment (1,355 ) (97,684 ) (38,404 ) — (137,443 ) Other investing activities, net (748 ) 637 (1,052 ) — (1,163 ) Cash flows from financing activities: — Dividends paid to stockholders (4,291 ) — — — (4,291 ) Payments on debt — (12,405 ) 1,554 — (10,851 ) Other financing activity 9,712 17,066 (31,408 ) 2,629 (2,001 ) Effect of exchange rate changes on cash — — (5,152 ) — (5,152 ) Changes in cash and cash equivalents (52,718 ) 8,868 (10,606 ) — (54,456 ) Beginning cash and cash equivalents 146,885 33,824 28,956 — 209,665 Ending cash and cash equivalents $ 94,167 $ 42,692 $ 18,350 $ — $ 155,209 Year Ended December 31, 2014 Parent Guarantors Non-Guarantors Eliminations Consolidated (in thousands) Cash flows from operating activities $ 38,270 $ 61,900 $ 58,277 $ (75,323 ) $ 83,124 Cash flows from investing activities: — Additions to properties, plants, and equipment (1,336 ) (68,859 ) (52,342 ) — (122,537 ) Other investing activities — 417 3,765 — 4,182 Cash flows from financing activities: — Dividends paid to stockholders (4,099 ) — — — (4,099 ) Payments on debt — (9,137 ) — — (9,137 ) Other financing activity (12,221 ) 9,494 (22,856 ) 75,323 49,740 Effect of exchange rates on cash — — (3,783 ) — (3,783 ) Changes in cash and cash equivalents 20,614 (6,185 ) (16,939 ) — (2,510 ) Beginning cash and cash equivalents 126,271 40,009 45,895 — 212,175 Ending cash and cash equivalents $ 146,885 $ 33,824 $ 28,956 $ — $ 209,665 |