XML 34 R43.htm IDEA: XBRL DOCUMENT v2.4.0.6
Segment Reporting (Tables)
 3 Months Ended
Mar. 31, 2013
Segment Reporting [Abstract]  
Financial information relating to the reporting segments
Financial information relating to the Company’s segments is as follows (in thousands):
Three months ended March 31, 2013
Palmarejo
Mine
 
San Bartolomé
Mine
 
Kensington
Mine
 
Rochester
Mine
 
Martha
Mine
 
Endeavor
Mine
 
Joaquin
 
Other
 
Total
Sales of metals
$
57,426

 
$
33,141

 
$
39,274

 
$
39,474

 
$
(501
)
 
$
2,983

 
$
—

 
$
—

 
$
171,797

Productions costs applicable to sales
(26,718
)
 
(15,678
)
 
(23,565
)
 
(21,502
)
 
—

 
(1,321
)
 
—

 
—

 
(88,784
)
Depreciation and depletion
(28,950
)
 
(4,756
)
 
(13,386
)
 
(2,181
)
 
(117
)
 
(824
)
 
—

 
(222
)
 
(50,436
)
Gross profit (loss)
1,758

 
12,707

 
2,323

 
15,791

 
(618
)
 
838

 
—

 
(222
)
 
32,577

Exploration expense
1,980

 
53

 
672

 
484

 
2,995

 
—

 
—

 
657

 
6,841

Loss on impairment
—

 
—

 
—

 
—

 
119

 
—

 
—

 
—

 
119

Other operating expenses
—

 
3,721

 
76

 
144

 
1,045

 
—

 
11

 
9,714

 
14,711

OPERATING INCOME (LOSS)
(222
)
 
8,933

 
1,575

 
15,163

 
(4,777
)
 
838

 
(11
)
 
(10,593
)
 
10,906

Interest and other income, net
1,941

 
605

 
130

 
57

 
908

 
(13
)
 
(14
)
 
206

 
3,820

Interest expense, net
(3,738
)
 
(32
)
 
(259
)
 
(5
)
 
(15
)
 
—

 
15

 
(5,698
)
 
(9,732
)
Fair value adjustments, net
14,429

 
—

 
4,227

 
—

 
—

 
—

 
—

 
(860
)
 
17,796

Income tax expense
(3,534
)
 
(4,328
)
 
—

 
—

 
73

 
—

 
—

 
(2,731
)
 
(10,520
)
Net income (loss)
$
8,876

 
$
5,178

 
$
5,673

 
$
15,215

 
$
(3,811
)
 
$
825

 
$
(10
)
 
$
(19,676
)
 
$
12,270

Segment assets (A)
$
1,900,071

 
$
303,761

 
$
498,762

 
$
114,381

 
$
8,304

 
$
93,770

 
$
31,054

 
$
13,561

 
$
2,963,664

Capital expenditures (B)
$
5,314

 
$
457

 
$
3,330

 
$
3,299

 
$
—

 
$
—

 
$
—

 
$
427

 
$
12,827

A.
Segment assets consist of receivables, prepaids, inventories, property, plant and equipment, and mining properties
B.
Balance represents cash flow amounts 

Three months ended March 31, 2012
Palmarejo
Mine
 
San Bartolomé
Mine
 
Kensington
Mine
 
Rochester
Mine
 
Martha
Mine
 
Endeavor
Mine
 
Joaquin
 
Other
 
Total
Sales of metals
$
123,722

 
$
41,376

 
$
10,377

 
$
18,758

 
$
3,618

 
$
6,713

 
$
—

 
$
—

 
$
204,564

Productions costs applicable to sales
(45,860
)
 
(13,608
)
 
(17,090
)
 
(9,565
)
 
(3,694
)
 
(2,737
)
 
—

 
—

 
(92,554
)
Depreciation and depletion
(37,769
)
 
(4,219
)
 
(6,605
)
 
(1,642
)
 
(596
)
 
(1,644
)
 
—

 
(117
)
 
(52,592
)
Gross profit (loss)
40,093

 
23,549

 
(13,318
)
 
7,551

 
(672
)
 
2,332

 
—

 
(117
)
 
59,418

Exploration expense
1,320

 
70

 
222

 
709

 
3,412

 
—

 
—

 
834

 
6,567

Other operating expenses
—

 
5

 
19

 
1,341

 
197

 
—

 
—

 
7,102

 
8,664

OPERATING INCOME (LOSS)
38,773

 
23,474

 
(13,559
)
 
5,501

 
(4,281
)
 
2,332

 
—

 
(8,053
)
 
44,187

Interest and other income, net
4,581

 
95

 
—

 
49

 
(75
)
 
—

 
—

 
357

 
5,007

Interest expense
(4,810
)
 
—

 
(892
)
 
(8
)
 
—

 
—

 
—

 
(960
)
 
(6,670
)
Fair value adjustments, net
(25,611
)
 
—

 
(551
)
 
—

 
—

 
—

 
—

 
3,049

 
(23,113
)
Income tax benefit (expense)
(3,544
)
 
(7,689
)
 
—

 
—

 
(201
)
 
—

 
—

 
(4,002
)
 
(15,436
)
Net income (loss)
$
9,389

 
$
15,880

 
$
(15,002
)
 
$
5,542

 
$
(4,557
)
 
$
2,332

 
$
—

 
$
(9,609
)
 
$
3,975

Segment assets (A)
$
2,008,004

 
$
285,276

 
$
504,082

 
$
90,072

 
$
24,183

 
$
36,372

 
$
—

 
$
17,104

 
$
2,965,093

Capital expenditures (B)
$
7,170

 
$
10,207

 
$
10,878

 
$
2,639

 
$
659

 
$
—

 
$
—

 
$
94

 
$
31,647

A.
Segment assets consist of receivables, prepaids, inventories, property, plant and equipment, and mining properties
B.
Balance represents cash flow amounts 
Consolidated Assets
 
March 31, 2013
 
December 31, 2012
Assets
 
 
 
Total assets for reportable segments
$
2,963,664

 
$
2,974,056

Cash and cash equivalents
331,311

 
125,440

Short term investments
1,498

 
999

Other assets
127,209

 
120,906

Total consolidated assets
$
3,423,682

 
$
3,221,401
Long Lived Assets by Country
Geographic Information
 
March 31, 2013
 
December 31, 2012
Long Lived Assets:
 
 
 
United States
$
505,593

 
$
514,663

Australia
28,584

 
29,408

Chile
21

 
24

Argentina
95,053

 
95,134

Bolivia
237,157

 
240,905

Mexico
1,771,240

 
1,795,677

Total
$
2,637,648

 
$
2,675,811
Revenue by Country

 
Three months ended
March 31,
 
2013
 
2012
Revenues:
 
 
 
United States
$
78,748

 
$
29,135

Mexico
57,426

 
123,722

Bolivia
33,141

 
41,376

Australia
2,983

 
6,713

Argentina
(501
)
 
3,618

Total
$
171,797

 
$
204,564