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Supplemental Guarantor Information
9 Months Ended
Sep. 30, 2016
Condensed Financial Information of Parent Company Only Disclosure [Abstract]  
SUPPLEMENTAL GUARANTOR INFORMATION
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., Wharf Resources (U.S.A.), Inc. and its subsidiaries, and Coeur Capital, Inc. (collectively, the “Subsidiary Guarantors”) of the 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 and joint and several obligations. There are no restrictions on the ability of Coeur to obtain funds from the Subsidiary Guarantors by dividend or loan.
CONDENSED CONSOLIDATING STATEMENT OF COMPREHENSIVE INCOME (LOSS)
THREE MONTHS ENDED SEPTEMBER 30, 2016
In thousands
 
Coeur Mining, Inc.
 
Guarantor Subsidiaries
 
Non-Guarantor Subsidiaries
 
Eliminations
 
Consolidated
Revenue
 
$

 
$
117,426

 
$
58,821

 
$

 
$
176,247

COSTS AND EXPENSES
 
 
 
 
 
 
 
 
 
 
Costs applicable to sales(1)
 

 
68,189

 
37,219

 

 
105,408

Amortization
 
389

 
19,750

 
7,624

 

 
27,763

COSTS AND EXPENSES
 
 
 
 
 
 
 
 
 
 
General and administrative
 
6,956

 
16

 
141

 

 
7,113

Exploration
 
989

 
1,410

 
1,307

 

 
3,706

Pre-development, reclamation, and other
 
388

 
1,470

 
2,633

 

 
4,491

Total costs and expenses
 
8,722

 
90,835

 
48,924

 

 
148,481

OTHER INCOME (EXPENSE), NET
 
 
 
 
 
 
 
 
 
 
Fair value adjustments, net
 

 
(852
)
 
(109
)
 

 
(961
)
Other, net
 
(8,374
)
 
3,021

 
3,178

 
(1,460
)
 
(3,635
)
Interest expense, net of capitalized interest
 
(7,852
)
 
(209
)
 
(1,467
)
 
1,460

 
(8,068
)
Total other income (expense), net
 
(16,226
)
 
1,960

 
1,602

 

 
(12,664
)
Loss before income and mining taxes
 
(24,948
)
 
28,551

 
11,499

 

 
15,102

Income and mining tax (expense) benefit
 
(29,312
)
 
41,807

 
41,960

 

 
54,455

Total loss after income and mining taxes
 
(54,260
)
 
70,358

 
53,459

 

 
69,557

Equity income (loss) in consolidated subsidiaries
 
123,818

 
328

 

 
(124,146
)
 

NET INCOME (LOSS)
 
$
69,558

 
$
70,686

 
$
53,459

 
$
(124,146
)
 
$
69,557

OTHER COMPREHENSIVE INCOME (LOSS), net of tax:
 
 
 
 
 
 
 
 
 
 
Unrealized gain (loss) on marketable securities, net of tax
 
1,387

 
1,387

 

 
(1,387
)
 
1,387

Reclassification adjustments for impairment of equity securities, net of tax
 

 

 

 

 

Reclassification adjustments for realized loss on sale of equity securities, net of tax
 
(2,965
)
 
(2,485
)
 

 
2,485

 
(2,965
)
Other comprehensive income (loss)
 
(1,578
)
 
(1,098
)
 

 
1,098

 
(1,578
)
COMPREHENSIVE INCOME (LOSS)
 
$
67,980

 
$
69,588

 
$
53,459

 
$
(123,048
)
 
$
67,979


(1) Excludes amortization.

CONDENSED CONSOLIDATING STATEMENT OF COMPREHENSIVE INCOME (LOSS)
THREE MONTHS ENDED SEPTEMBER 30, 2015
In thousands
 
Coeur Mining, Inc.
 
Guarantor Subsidiaries
 
Non-Guarantor Subsidiaries
 
Eliminations
 
Consolidated
Revenue
 
$

 
$
93,417

 
$
69,135

 
$

 
$
162,552

COSTS AND EXPENSES
 
 
 
 
 
 
 
 
 
 
Costs applicable to sales(1)
 

 
68,187

 
52,050

 

 
120,237

Amortization
 
495

 
21,083

 
13,919

 

 
35,497

General and administrative
 
6,563

 
11

 
120

 

 
6,694

Exploration
 
642

 
(96
)
 
1,566

 

 
2,112

Pre-development, reclamation, and other
 
887

 
1,476

 
2,575

 

 
4,938

Total costs and expenses
 
8,587

 
90,661

 
70,230

 

 
169,478

OTHER INCOME (EXPENSE), NET
 
 
 
 
 
 
 
 
 
 
Fair value adjustments, net
 
1,036

 
1,751

 
2,999

 

 
5,786

Other, net
 
1,218

 
(436
)
 
(8,649
)
 
(1,026
)
 
(8,893
)
Interest expense, net of capitalized interest
 
(11,198
)
 
(220
)
 
(2,054
)
 
1,026

 
(12,446
)
Total other income (expense), net
 
(8,944
)
 
1,095

 
(7,704
)
 

 
(15,553
)
Income (Loss) before income and mining taxes
 
(17,531
)
 
3,851

 
(8,799
)
 

 
(22,479
)
Income and mining tax (expense) benefit
 
516

 
(1,554
)
 
9,298

 

 
8,260

Income (Loss) after income and mining taxes
 
(17,015
)
 
2,297

 
499

 

 
(14,219
)
Equity income (loss) in consolidated subsidiaries
 
2,796

 
331

 

 
(3,127
)
 

NET INCOME (LOSS)
 
$
(14,219
)
 
$
2,628

 
$
499

 
$
(3,127
)
 
$
(14,219
)
OTHER COMPREHENSIVE INCOME (LOSS), net of tax:
 
 
 
 
 
 
 
 
 
 
Unrealized gain (loss) on equity securities, net of tax
 
(931
)
 
(769
)
 

 
769

 
(931
)
Reclassification adjustments for impairment of equity securities, net of tax
 
483

 
483

 

 
(483
)
 
483

Reclassification adjustments for realized loss on sale of equity securities, net of tax
 

 

 

 

 

Other comprehensive income (loss)
 
(448
)
 
(286
)
 

 
286

 
(448
)
COMPREHENSIVE INCOME (LOSS)
 
$
(14,667
)
 
$
2,342

 
$
499

 
$
(2,841
)
 
$
(14,667
)
(1) Excludes amortization.


CONDENSED CONSOLIDATING STATEMENT OF CASH FLOWS
THREE MONTHS ENDED SEPTEMBER 30, 2016
In thousands
 
Coeur Mining, Inc.
 
Guarantor Subsidiaries
 
Non-Guarantor Subsidiaries
 
Eliminations
 
Consolidated
CASH FLOWS FROM OPERATING ACTIVITIES:
 
 
 
 
 
 
 
 
 
 
Cash provided by (used in) operating activities
 
$
101,581

 
$
48,791

 
$
21,586

 
$
(124,146
)
 
47,812

 
 
 
 
 
 
 
 
 
 
 
CASH FLOWS FROM INVESTING ACTIVITIES
 
 
 
 
 
 
 
 
 
 
Capital expenditures
 
(62
)
 
(12,550
)
 
(13,015
)
 

 
(25,627
)
Proceeds from the sale of long-lived assets
 
2

 
560

 
4,240

 

 
4,802

Purchase of investments
 
(5
)
 
(16
)
 

 

 
(21
)
Sales and maturities of investments
 
2

 
5,430

 

 

 
5,432

Acquisitions, net of cash acquired
 

 

 
(1,427
)
 

 
(1,427
)
Other
 
(1,245
)
 
(7
)
 
(47
)
 

 
(1,299
)
Investments in consolidated subsidiaries
 
(117,911
)
 
1,356

 

 
116,555

 

CASH PROVIDED BY (USED IN) INVESTING ACTIVITIES
 
(119,219
)
 
(5,227
)
 
(10,249
)
 
116,555

 
(18,140
)
CASH FLOWS FROM FINANCING ACTIVITIES:
 
 
 
 
 
 
 
 
 
 
Payments on debt, capital leases, and associated costs
 
(104,165
)
 
(2,498
)
 
(1,205
)
 

 
(107,868
)
Gold production royalty payments
 

 

 
(7,563
)
 

 
(7,563
)
Net intercompany financing activity
 
39,297

 
(42,679
)
 
(4,209
)
 
7,591

 

Issuance of common stock
 
49,513

 

 

 

 
49,513

Other
 
1,051

 

 

 

 
1,051

CASH PROVIDED BY (USED IN) FINANCING ACTIVITIES
 
(14,304
)
 
(45,177
)
 
(12,977
)
 
7,591

 
(64,867
)
Effect of exchange rate changes on cash and cash equivalents
 

 

 
121

 

 
121

NET CHANGE IN CASH AND CASH EQUIVALENTS
 
(31,942
)
 
(1,613
)
 
(1,519
)
 

 
(35,074
)
Cash and cash equivalents at beginning of period
 
127,803

 
53,548

 
76,240

 

 
257,591

Cash and cash equivalents at end of period
 
$
95,861

 
$
51,935

 
$
74,721

 
$

 
$
222,517



CONDENSED CONSOLIDATING STATEMENT OF CASH FLOWS
THREE MONTHS ENDED SEPTEMBER 30, 2015
In thousands
 
Coeur Mining, Inc.
 
Guarantor Subsidiaries
 
Non-Guarantor Subsidiaries
 
Eliminations
 
Consolidated
CASH FLOWS FROM OPERATING ACTIVITIES:
 
 
 
 
 
 
 
 
 
 
Cash provided by (used in) operating activities
 
$
(20,565
)
 
$
28,924

 
$
31,538

 
$
(3,127
)
 
36,770

CASH FLOWS FROM INVESTING ACTIVITIES
 
 
 
 
 
 
 
 
 
 
Capital expenditures
 
(94
)
 
(11,468
)
 
(12,299
)
 

 
(23,861
)
Proceeds from the sale of long-lived assets
 

 
42

 
291

 

 
333

Purchase of investments
 
(3
)
 

 

 

 
(3
)
Sales and maturities of investments
 

 
60

 

 

 
60

Acquisitions
 
(122
)
 

 

 

 
(122
)
Other
 
(1
)
 
2

 
6

 

 
7

Investments in consolidated subsidiaries
 
1,206

 
3,666

 
1

 
(4,873
)
 

CASH PROVIDED BY (USED IN) INVESTING ACTIVITIES
 
986

 
(7,698
)
 
(12,001
)
 
(4,873
)
 
(23,586
)
CASH FLOWS FROM FINANCING ACTIVITIES:
 
 
 
 
 
 
 
 
 
 
Issuance of notes and bank borrowings
 

 

 

 

 

Payments on long-term debt, capital leases, and associated costs
 
(711
)
 
(1,889
)
 
(18
)
 

 
(2,618
)
Gold production royalty payments
 

 

 
(10,159
)
 

 
(10,159
)
Net intercompany financing activity
 
9,333

 
(24,940
)
 
7,607

 
8,000

 

Other
 
(34
)
 

 

 

 
(34
)
CASH PROVIDED BY (USED IN) FINANCING ACTIVITIES
 
8,588

 
(26,829
)
 
(2,570
)
 
8,000

 
(12,811
)
Effect of exchange rate changes on cash and cash equivalents
 

 

 
(533
)
 

 
(533
)
NET CHANGE IN CASH AND CASH EQUIVALENTS
 
(10,991
)
 
(5,603
)
 
16,434

 

 
(160
)
Cash and cash equivalents at beginning of period
 
124,695

 
27,259

 
53,914

 

 
205,868

Cash and cash equivalents at end of period
 
$
113,704

 
$
21,656

 
$
70,348

 
$

 
$
205,708


CONDENSED CONSOLIDATING STATEMENT OF COMPREHENSIVE INCOME (LOSS)
NINE MONTHS ENDED SEPTEMBER 30, 2016
In thousands
 
Coeur Mining, Inc.
 
Guarantor Subsidiaries
 
Non-Guarantor Subsidiaries
 
Eliminations
 
Consolidated
Revenue
 
$

 
$
317,587

 
$
189,054

 
$

 
$
506,641

COSTS AND EXPENSES
 
 
 
 
 
 
 
 
 
 
Costs applicable to sales(1)
 

 
189,227

 
118,201

 

 
307,428

Amortization
 
1,225

 
57,983

 
34,024

 

 
93,232

COSTS AND EXPENSES
 
 
 
 
 
 
 
 
 
 
General and administrative
 
22,132

 
237

 
420

 

 
22,789

Exploration
 
2,091

 
2,843

 
2,735

 

 
7,669

Write-downs
 

 

 
4,446

 

 
4,446

Pre-development, reclamation, and other
 
1,774

 
4,332

 
6,953

 

 
13,059

Total costs and expenses
 
27,222

 
254,622

 
166,779

 

 
448,623

OTHER INCOME (EXPENSE), NET
 
 
 
 
 
 
 
 
 
 
Fair value adjustments, net
 
(1,635
)
 
(5,787
)
 
(5,813
)
 

 
(13,235
)
Other, net
 
(6,695
)
 
3,082

 
3,068

 
(3,633
)
 
(4,178
)
Interest expense, net of capitalized interest
 
(28,348
)
 
(665
)
 
(4,683
)
 
3,633

 
(30,063
)
Total other income (expense), net
 
(36,678
)
 
(3,370
)
 
(7,428
)
 

 
(47,476
)
Loss before income and mining taxes
 
(63,900
)
 
59,595

 
14,847

 

 
10,542

Income and mining tax (expense) benefit
 
(29,768
)
 
39,905

 
42,981

 

 
53,118

Total loss after income and mining taxes
 
(93,668
)
 
99,500

 
57,828

 

 
63,660

Equity income (loss) in consolidated subsidiaries
 
157,328

 
(4,825
)
 

 
(152,503
)
 

NET INCOME (LOSS)
 
$
63,660

 
$
94,675

 
$
57,828

 
$
(152,503
)
 
$
63,660

OTHER COMPREHENSIVE INCOME (LOSS), net of tax:
 
 
 
 
 
 
 
 
 
 
Unrealized gain (loss) on equity securities, net of tax
 
4,533

 
4,466

 

 
(4,466
)
 
4,533

Reclassification adjustments for impairment of equity securities, net of tax
 
20

 
20

 

 
(20
)
 
20

Reclassification adjustments for realized loss on sale of equity securities, net of tax
 
(2,691
)
 
(3,181
)
 

 
3,181

 
(2,691
)
Other comprehensive income (loss)
 
1,862

 
1,305

 

 
(1,305
)
 
1,862

COMPREHENSIVE INCOME (LOSS)
 
$
65,522

 
$
95,980

 
$
57,828

 
$
(153,808
)
 
$
65,522


(1) Excludes amortization.

CONDENSED CONSOLIDATING STATEMENT OF COMPREHENSIVE INCOME (LOSS)
NINE MONTHS ENDED SEPTEMBER 30, 2015
In thousands
 
Coeur Mining, Inc.
 
Guarantor Subsidiaries
 
Non-Guarantor Subsidiaries
 
Eliminations
 
Consolidated
Revenue
 
$

 
$
281,724

 
$
200,046

 
$

 
$
481,770

COSTS AND EXPENSES
 
 
 
 
 
 
 
 
 
 
Costs applicable to sales(1)
 

 
197,475

 
156,922

 

 
354,397

Amortization
 
1,493

 
61,422

 
44,645

 

 
107,560

General and administrative
 
23,690

 
25

 
264

 

 
23,979

Exploration
 
1,796

 
3,370

 
4,791

 

 
9,957

Pre-development, reclamation, and other
 
3,437

 
4,354

 
6,177

 

 
13,968

Total costs and expenses
 
30,416

 
266,646

 
212,799

 

 
509,861

OTHER INCOME (EXPENSE), NET
 
 
 
 
 
 
 
 
 
 
Fair value adjustments, net
 
1,178

 
596

 
1,883

 

 
3,657

Other, net
 
3,108

 
(2,892
)
 
(11,681
)
 
(2,792
)
 
(14,257
)
Interest expense, net of capitalized interest
 
(29,389
)
 
(771
)
 
(6,577
)
 
2,792

 
(33,945
)
Total other income (expense), net
 
(25,103
)
 
(3,067
)
 
(16,375
)
 

 
(44,545
)
Income (Loss) before income and mining taxes
 
(55,519
)
 
12,011

 
(29,128
)
 

 
(72,636
)
Income and mining tax (expense) benefit
 
4,011

 
(2,836
)
 
7,276

 

 
8,451

Income (Loss) after income and mining taxes
 
(51,508
)
 
9,175

 
(21,852
)
 

 
(64,185
)
Equity income (loss) in consolidated subsidiaries
 
(12,677
)
 
491

 

 
12,186

 

NET INCOME (LOSS)
 
$
(64,185
)
 
$
9,666

 
$
(21,852
)
 
$
12,186

 
$
(64,185
)
OTHER COMPREHENSIVE INCOME (LOSS), net of tax:
 
 
 
 
 
 
 
 
 
 
Unrealized gain (loss) on equity securities, net of tax
 
(3,744
)
 
(2,751
)
 

 
2,751

 
(3,744
)
Reclassification adjustments for impairment of equity securities, net of tax
 
2,028

 
2,028

 

 
(2,028
)
 
2,028

Reclassification adjustments for realized loss on sale of equity securities, net of tax
 
904

 
904

 

 
(904
)
 
904

Other comprehensive income (loss)
 
(812
)
 
181

 

 
(181
)
 
(812
)
COMPREHENSIVE INCOME (LOSS)
 
$
(64,997
)
 
$
9,847

 
$
(21,852
)
 
$
12,005

 
$
(64,997
)

(1) Excludes amortization.


CONDENSED CONSOLIDATING STATEMENT OF CASH FLOWS
NINE MONTHS ENDED SEPTEMBER 30, 2016
In thousands
 
Coeur Mining, Inc.
 
Guarantor Subsidiaries
 
Non-Guarantor Subsidiaries
 
Eliminations
 
Consolidated
CASH FLOWS FROM OPERATING ACTIVITIES:
 
 
 
 
 
 
 
 
 
 
Cash provided by (used in) operating activities
 
$
98,323

 
$
101,368

 
$
53,180

 
$
(152,503
)
 
100,368

 
 
 
 
 
 
 
 
 
 
 
CASH FLOWS FROM INVESTING ACTIVITIES
 
 
 
 
 
 
 
 
 
 
Capital expenditures
 
(196
)
 
(38,272
)
 
(32,619
)
 

 
(71,087
)
Proceeds from the sale of long-lived assets
 
2

 
4,601

 
11,501

 

 
16,104

Purchase of investments
 
(104
)
 
(16
)
 

 

 
(120
)
Sales and maturities of investments
 
501

 
6,576

 

 

 
7,077

Acquisitions, net of cash acquired
 

 

 
(1,427
)
 

 
(1,427
)
Other
 
(4,383
)
 
294

 
(129
)
 

 
(4,218
)
Investments in consolidated subsidiaries
 
(138,843
)
 
25,516

 

 
113,327

 

CASH PROVIDED BY (USED IN) INVESTING ACTIVITIES
 
(143,023
)
 
(1,301
)
 
(22,674
)
 
113,327

 
(53,671
)
CASH FLOWS FROM FINANCING ACTIVITIES:
 
 
 
 
 
 
 
 
 
 
Payments on debt, capital leases, and associated costs
 
(104,665
)
 
(9,001
)
 
(6,885
)
 

 
(120,551
)
Gold production royalty payments
 

 

 
(27,155
)
 

 
(27,155
)
Net intercompany financing activity
 
26,196

 
(73,364
)
 
7,992

 
39,176

 

Issuance of common stock
 
122,584

 

 

 

 
122,584

Other
 
323

 


 

 

 
323

CASH PROVIDED BY (USED IN) FINANCING ACTIVITIES
 
44,438

 
(82,365
)
 
(26,048
)
 
39,176

 
(24,799
)
Effect of exchange rate changes on cash and cash equivalents
 

 
5

 
(100
)
 

 
(95
)
NET CHANGE IN CASH AND CASH EQUIVALENTS
 
(262
)
 
17,707

 
4,358

 

 
21,803

Cash and cash equivalents at beginning of period
 
96,123

 
34,228

 
70,363

 

 
200,714

Cash and cash equivalents at end of period
 
$
95,861

 
$
51,935

 
$
74,721

 
$

 
$
222,517



CONDENSED CONSOLIDATING STATEMENT OF CASH FLOWS
NINE MONTHS ENDED SEPTEMBER 30, 2015
In thousands
 
Coeur Mining, Inc.
 
Guarantor Subsidiaries
 
Non-Guarantor Subsidiaries
 
Eliminations
 
Consolidated
CASH FLOWS FROM OPERATING ACTIVITIES:
 
 
 
 
 
 
 
 
 
 
Cash provided by (used in) operating activities
 
$
(73,276
)
 
$
80,313

 
$
51,102

 
$
12,186

 
70,325

CASH FLOWS FROM INVESTING ACTIVITIES
 
 
 
 
 
 
 
 
 
 
Capital expenditures
 
(181
)
 
(30,791
)
 
(34,186
)
 

 
(65,158
)
Proceeds from the sale of long-lived assets
 

 
187

 
311

 

 
498

Purchase of investments
 
(1,876
)
 

 

 

 
(1,876
)
Sales and maturities of investments
 
12

 
446

 
71

 

 
529

Acquisitions
 
(111,290
)
 

 

 

 
(111,290
)
Other
 
(1,767
)
 
25

 
(94
)
 

 
(1,836
)
Investments in consolidated subsidiaries
 
(14,477
)
 
4,490

 
117

 
9,870

 

CASH PROVIDED BY (USED IN) INVESTING ACTIVITIES
 
(129,579
)
 
(25,643
)
 
(33,781
)
 
9,870

 
(179,133
)
CASH FLOWS FROM FINANCING ACTIVITIES:
 
 
 
 
 
 
 
 
 
 
Issuance of notes and bank borrowings
 
150,000

 

 
3,500

 

 
153,500

Payments on long-term debt, capital leases, and associated costs
 
(62,579
)
 
(5,592
)
 
(9,667
)
 

 
(77,838
)
Gold production royalty payments
 

 

 
(30,281
)
 

 
(30,281
)
Net intercompany financing activity
 
19,306

 
(33,203
)
 
35,953

 
(22,056
)
 

Other
 
(529
)
 

 

 

 
(529
)
CASH PROVIDED BY (USED IN) FINANCING ACTIVITIES
 
106,198

 
(38,795
)
 
(495
)
 
(22,056
)
 
44,852

Effect of exchange rate changes on cash and cash equivalents
 

 

 
(1,197
)
 

 
(1,197
)
NET CHANGE IN CASH AND CASH EQUIVALENTS
 
(96,657
)
 
15,875

 
15,629

 

 
(65,153
)
Cash and cash equivalents at beginning of period
 
210,361

 
5,781

 
54,719

 

 
270,861

Cash and cash equivalents at end of period
 
$
113,704

 
$
21,656

 
$
70,348

 
$

 
$
205,708


CONDENSED CONSOLIDATING BALANCE SHEET
SEPTEMBER 30, 2016
In thousands
 
Coeur Mining, Inc.
 
Guarantor Subsidiaries
 
Non-Guarantor Subsidiaries
 
Eliminations
 
Consolidated
ASSETS
 
 
 
 
 
 
 
 
CURRENT ASSETS
 
 
 
 
 
 
 
 
 
 
Cash and cash equivalents
 
$
95,861

 
$
51,935

 
$
74,721

 
$

 
$
222,517

Receivables
 
3,937

 
4,036

 
59,689

 

 
67,662

Ore on leach pads
 

 
70,446

 

 

 
70,446

Inventory
 

 
44,339

 
45,422

 

 
89,761

Prepaid expenses and other
 
2,667

 
5,000

 
9,458

 

 
17,125

 
 
102,465

 
175,756

 
189,290

 

 
467,511

NON-CURRENT ASSETS
 
 
 
 
 
 
 
 
 
 
Property, plant and equipment, net
 
3,517

 
141,980

 
71,904

 

 
217,401

Mining properties, net
 

 
181,949

 
370,105

 

 
552,054

Ore on leach pads
 

 
63,034

 

 

 
63,034

Restricted assets
 
10,140

 
209

 
7,391

 

 
17,740

Equity securities
 

 
6,208

 

 

 
6,208

Receivables
 

 

 
32,427

 

 
32,427

Deferred tax assets
 

 

 
1,854

 

 
1,854

Net investment in subsidiaries
 
268,768

 
11,182

 

 
(279,950
)
 

Other
 
221,387

 
9,349

 
3,364

 
(221,387
)
 
12,713

TOTAL ASSETS
 
$
606,277

 
$
589,667

 
$
676,335

 
$
(501,337
)
 
$
1,370,942

 
 
 
 
 
 
 
 
 
 
 
LIABILITIES AND STOCKHOLDERS’ EQUITY
 
 
 
 
 
 
 
 
 
 
CURRENT LIABILITIES
 
 
 
 
 
 
 
 
 
 
Accounts payable
 
$
1,551

 
$
19,798

 
$
28,623

 
$

 
$
49,972

Accrued liabilities and other
 
9,597

 
16,875

 
17,097

 

 
43,569

Debt
 

 
7,063

 
5,449

 

 
12,512

Royalty obligations
 

 
5,722

 

 

 
5,722

Reclamation
 

 
1,164

 
268

 

 
1,432

 
 
11,148

 
50,622

 
51,437

 

 
113,207

NON-CURRENT LIABILITIES
 
 
 
 
 
 
 
 
 
 
Debt
 
363,596

 
16,576

 
230,448

 
(221,387
)
 
389,233

Royalty obligations
 

 
6,556

 

 

 
6,556

Reclamation
 

 
65,627

 
21,650

 

 
87,277

Deferred tax liabilities
 
56,898

 
(38,810
)
 
63,396

 

 
81,484

Other long-term liabilities
 
2,040

 
4,746

 
54,068

 

 
60,854

Intercompany payable (receivable)
 
(459,736
)
 
351,578

 
108,158

 

 

 
 
(37,202
)
 
406,273

 
477,720

 
(221,387
)
 
625,404

STOCKHOLDERS’ EQUITY
 
 
 
 
 
 
 
 
 
 
Common stock
 
1,676

 
250

 
163,455

 
(163,705
)
 
1,676

Additional paid-in capital
 
3,169,631

 
179,553

 
1,864,263

 
(2,043,816
)
 
3,169,631

Accumulated deficit
 
(2,537,116
)
 
(45,171
)
 
(1,880,540
)
 
1,925,711

 
(2,537,116
)
Accumulated other comprehensive income (loss)
 
(1,860
)
 
(1,860
)
 

 
1,860

 
(1,860
)
 
 
632,331

 
132,772

 
147,178

 
(279,950
)
 
632,331

TOTAL LIABILITIES AND STOCKHOLDERS’ EQUITY
 
$
606,277

 
$
589,667

 
$
676,335

 
$
(501,337
)
 
$
1,370,942



CONDENSED CONSOLIDATING BALANCE SHEET
DECEMBER 31, 2015

In thousands
 
Coeur Mining, Inc.
 
Guarantor Subsidiaries
 
Non-Guarantor Subsidiaries
 
Eliminations
 
Consolidated
ASSETS
 
 
 
 
 
 
 
 
CURRENT ASSETS
 
 
 
 
 
 
 
 
 
 
Cash and cash equivalents
 
$
96,123

 
$
34,228

 
$
70,363

 
$

 
$
200,714

Receivables
 
11

 
12,773

 
73,208

 

 
85,992

Ore on leach pads
 

 
67,329

 

 

 
67,329

Inventory
 

 
45,491

 
36,220

 

 
81,711

Prepaid expenses and other
 
3,496

 
1,075

 
6,371

 

 
10,942

 
 
99,630

 
160,896

 
186,162

 

 
446,688

NON-CURRENT ASSETS
 
 
 
 
 
 
 
 
 
 
Property, plant and equipment, net
 
4,546

 
138,706

 
52,747

 

 
195,999

Mining properties, net
 

 
199,303

 
389,916

 

 
589,219

Ore on leach pads
 

 
44,582

 

 

 
44,582

Restricted assets
 
5,755

 
381

 
5,497

 

 
11,633

Equity securities
 
434

 
2,332

 

 

 
2,766

Receivables
 

 

 
24,768

 

 
24,768

Deferred tax assets
 

 

 
1,942

 

 
1,942

Net investment in subsidiaries
 
127,671

 
27,657

 

 
(155,328
)
 

Other
 
54,578

 
9,197

 
5,695

 
(54,578
)
 
14,892

TOTAL ASSETS
 
$
292,614

 
$
583,054

 
$
666,727

 
$
(209,906
)
 
$
1,332,489

 
 
 
 
 
 
 
 
 
 
 
LIABILITIES AND STOCKHOLDERS’ EQUITY
 
 
 
 
 
 
 
 
 
 
CURRENT LIABILITIES
 
 
 
 
 
 
 
 
 
 
Accounts payable
 
$
1,743

 
$
18,535

 
$
28,454

 
$

 
$
48,732

Accrued liabilities and other
 
20,555

 
14,598

 
18,800

 

 
53,953

Debt
 
1,000

 
8,120

 
1,311

 

 
10,431

Royalty obligations
 

 
4,729

 
20,164

 

 
24,893

Reclamation
 

 
1,401

 
1,821

 
(1,151
)
 
2,071

 
 
23,298

 
47,383

 
70,550

 
(1,151
)
 
140,080

NON-CURRENT LIABILITIES
 
 
 
 
 
 
 
 
 
 
Debt
 
467,634

 
4,947

 
61,976

 
(54,578
)
 
479,979

Royalty obligations
 

 
4,864

 

 

 
4,864

Reclamation
 

 
61,924

 
20,122

 
1,151

 
83,197

Deferred tax liabilities
 
28,600

 
6,927

 
111,605

 

 
147,132

Other long-term liabilities
 
2,171

 
3,838

 
49,752

 

 
55,761

Intercompany payable (receivable)
 
(650,565
)
 
411,103

 
239,462

 

 

 
 
(152,160
)
 
493,603

 
482,917

 
(53,427
)
 
770,933

STOCKHOLDERS’ EQUITY
 
 
 
 
 
 
 
 
 
 
Common stock
 
1,513

 
250

 
130,885

 
(131,135
)
 
1,513

Additional paid-in capital
 
3,024,461

 
179,553

 
1,896,047

 
(2,075,600
)
 
3,024,461

Accumulated deficit
 
(2,600,776
)
 
(135,049
)
 
(1,913,672
)
 
2,048,721

 
(2,600,776
)
Accumulated other comprehensive income (loss)
 
(3,722
)
 
(2,686
)
 

 
2,686

 
(3,722
)
 
 
421,476

 
42,068

 
113,260

 
(155,328
)
 
421,476

TOTAL LIABILITIES AND STOCKHOLDERS’ EQUITY
 
$
292,614

 
$
583,054

 
$
666,727

 
$
(209,906
)
 
$
1,332,489