Segment Reporting (Tables)

12 Months Ended

Dec. 31, 2014

Dec. 31, 2013

Dec. 31, 2012

Financial information relating to the reporting segments

Financial information relating to the Company’s segments is as follows (in thousands):



Year ended December 31, 2014	Palmarejo Mine			San Bartolomé Mine			Kensington Mine			Rochester Mine			La Preciosa			Coeur Capital			Other			Total
Revenue
Metal sales	$	244,003		$	117,749		$	136,960		$	123,768		$	—		$	10,046		$	—		$	632,526
Royalties	—			—			—			—			—			3,216			—			3,216
	244,003			117,749			136,960			123,768			—			13,262			—			635,742
Costs and Expenses
Costs applicable to sales⁽¹⁾	187,276			89,659			105,342			91,462			—			4,206			—			477,945
Amortization	69,431			19,423			43,619			20,790			84			7,015			2,074			162,436
Exploration	6,671			120			8,005			2,636			236			515			3,557			21,740
Write-downs	784,038			118,754			107,832			—			372,466			6,202			83,429			1,472,721
Other operating expense (income)	620			(251		)	796			2,813			13,961			938			48,005			66,882
Other income (expense)
Interest income and other, net	131			2,461			(22		)	105			(523		)	(7,141		)	(229		)	(5,218		)
Interest expense, net	(9,320		)	(52		)	(214		)	(679		)	—			(1		)	(37,280		)	(47,546		)
Fair value adjustments, net	(1,847		)	—			—			3,653			—			—			1,812			3,618
Income and mining tax (expense) benefit	283,685			18,114			—			(2,224		)	132,151			1,212			26,306			459,244
Net income (loss)	$	(531,384	)	$	(89,433	)	$	(128,870	)	$	6,922		$	(255,119	)	$	(11,544	)	$	(146,456	)	$	(1,155,884	)
Segment assets⁽²⁾	$	341,367		$	188,616		$	215,973		$	196,765		$	39,701		$	59,848		$	41,987		$	1,084,257
Capital expenditures	$	26,084		$	7,937		$	16,220		$	11,898		$	255		$	—		$	1,850		$	64,244



Year ended December 31, 2013	Palmarejo Mine			San Bartolomé Mine			Kensington Mine			Rochester Mine			La Preciosa			Coeur Capital			Other			Total
Revenue
Metal sales	$	324,040		$	141,721		$	148,769		$	119,254		$	—		$	12,871		$	(661	)	$	745,994
Royalties	—			—			—			—			—			—			—			—
	324,040			141,721			148,769			119,254			—			12,871			(661		)	745,994
Costs and Expenses
Costs applicable to sales⁽¹⁾	188,572			86,827			104,575			77,869			—			5,820			—			463,663
Amortization	133,535			19,103			62,750			8,890			24			3,755			1,507			229,564
Exploration	7,161			111			4,199			2,653			80			2,069			6,087			22,360
Write-downs	642,094			—			130,694			—			—			—			205			772,993
Other operating expense (income)	705			6,205			735			36,265			3,237			1,397			54,029			102,573
Other income (expense)
Interest income and other, net	906			2,582			(187		)	(318		)	15			(19,474		)	11,491			(4,985		)
Interest expense, net	(15,123		)	(74		)	(424		)	(20		)	—			—			(25,662		)	(41,303		)
Fair value adjustments, net	76,218			—			7,480			416			—			—			(1,346		)	82,768
Income and mining tax (expense) benefit	107,748			(10,938		)	(1		)	(2,332		)	(20,856		)	2,179			82,316			158,116
Net income (loss)	$	(478,278	)	$	21,045		$	(147,316	)	$	(8,677	)	$	(24,182	)	$	(17,465	)	$	4,310		$	(650,563	)
Segment assets⁽²⁾	$	1,164,852		$	289,272		$	343,144		$	176,789		$	410,335		$	62,678		$	111,749		$	2,558,819
Capital expenditures	$	33,730		$	11,568		$	21,404		$	29,406		$	1,122		$	—		$	3,583		$	100,813



Year ended December 31, 2012	Palmarejo Mine			San Bartolomé Mine			Kensington Mine			Rochester Mine			Coeur Capital			Other			Total
Revenue
Metal sales	$	442,098		$	178,005		$	110,987		$	132,392		$	18,848		$	13,162		$	895,492
Royalties	—			—			—			—			—			—			—
	442,098			178,005			110,987			132,392			18,848			13,162			895,492
Costs and Expenses
Costs applicable to sales⁽¹⁾	197,478			71,428			87,089			72,061			8,824			17,682			454,562
Amortization	145,945			16,624			41,241			6,784			4,632			806			216,032
Exploration	7,575			159			3,283			3,591			1,056			10,606			26,270
Write-downs	—			—			—			—			—			5,825			5,825
Other operating expense (income)	661			165			478			2,682			(736		)	33,813			37,063
Other income (expense)
Interest income and other, net	4,017			9,719			(77		)	358			(77		)	496			14,436
Interest expense, net	(18,938		)	(72		)	(2,972		)	(26		)	—			(4,161		)	(26,169		)
Loss on debt extinguishment	—			—			(1,036		)	—			—			—			(1,036		)
Fair value adjustments, net	(31,054		)	—			4,089			—			—			3,478			(23,487		)
Income and mining tax (expense) benefit	(18,066		)	(44,632		)	—			(2,195		)	(327		)	(5,587		)	(70,807		)
Net income (loss)	$	26,398		$	54,644		$	(21,100	)	$	45,411		$	4,668		$	(61,344	)	$	48,677
Segment assets⁽²⁾	$	1,905,269		$	302,922		$	508,658		$	104,373		$	32,656		$	120,178		$	2,974,056
Capital expenditures	$	38,456		$	25,672		$	36,994		$	11,794		$	—		$	2,725		$	115,641

(1) Excludes amortization

(2) Segment assets include receivables, prepaids, inventories, property, plant, and equipment, and mineral interests

Consolidated Assets



In thousands	December 31, 2014		December 31, 2013
Assets
Total assets for reportable segments	$	1,084,257	$	2,558,819
Cash and cash equivalents	270,861		206,690
Other assets	100,300		120,469
Total consolidated assets	$	1,455,418	$	2,885,978

Long Lived Assets by Country

Geographic Information



In thousands	December 31, 2014		December 31, 2013
Long Lived Assets
Mexico	$	298,101	$	1,487,228
United States	275,594		384,626
Bolivia	107,960		235,085
Australia	21,362		25,668
Argentina	10,970		94,705
Other	15,116		10,462
Total	$	729,103	$	2,237,774

Revenue by Country

The following table indicates customers that represent 10% or more of total sales of metal for at least one of the years December 31, 2014, 2013, and 2012 (in millions):



	Years Ended December 31,
Customer	2014		2013		2012		Segments reporting revenue
Mitsui & Co.	$	133.8	$	70.3	$	65.6	Palmarejo, Rochester
TD Securities	106.7		106.7		65.8		Palmarejo, Rochester
Standard Bank	87.5		69.0		72.3		Palmarejo, Rochester
China National Gold	86.8		81.5		43.8		Kensington
Johnson Matthey	71.8		66.4		1.7		San Bartolomé
Valcambi	33.9		77.2		414.4		Palmarejo, San Bartolomé
INTL Commodities	22.4		84.6		58.0		Palmarejo, San Bartolomé, Rochester
Auramet	10.8		111.7		94.6		Palmarejo, San Bartolomé, Kensington, Rochester



	Year ended December 31,
In thousands	2014		2013			2012
Revenue
United States	$	260,728	$	268,023		$	243,379
Mexico	245,493		324,040			442,098
Bolivia	117,749		141,721			178,005
Australia	10,046		12,871			18,848
Other	$	1,726	$	(661	)	$	13,162
Total	$	635,742	$	745,994		$	895,492

- Definition

Tabular disclosure of the profit or loss and total assets for each reportable segment. An entity discloses certain information on each reportable segment if the amounts (a) are included in the measure of segment profit or loss reviewed by the chief operating decision maker or (b) are otherwise regularly provided to the chief operating decision maker, even if not included in that measure of segment profit or loss.

+ References+ Details