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Supplemental Guarantor Information
 9 Months Ended
Sep. 30, 2018
Condensed Financial Information of Parent Company Only Disclosure [Abstract]  
SUPPLEMENTAL GUARANTOR INFORMATION
SUPPLEMENTAL GUARANTOR INFORMATION
The following 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 2024 Senior Notes. The following schedules present 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, 2018
In thousands
Coeur Mining, Inc.
 
Guarantor Subsidiaries
 
Non-Guarantor Subsidiaries
 
Eliminations
 
Consolidated
Revenue
$
—

 
$
89,289

 
$
59,506

 
$
—

 
$
148,795

COSTS AND EXPENSES
 
 
 
 
 
 
 
 
 
Costs applicable to sales(1)
—

 
73,768

 
43,089

 
—

 
116,857

Amortization
232

 
15,084

 
15,868

 
—

 
31,184

General and administrative
7,682

 
3

 
44

 
—

 
7,729

Exploration
383

 
2,245

 
5,529

 
—

 
8,157

Pre-development, reclamation, and other
1,302

 
5,456

 
1,363

 
—

 
8,121

Total costs and expenses
9,599

 
96,556

 
65,893

 
—

 
172,048

OTHER INCOME (EXPENSE), NET
 
 
 
 
 
 
 
 
 
Fair value adjustments, net
745

 
(30
)
 
—

 
—

 
715

Other, net
(14,194
)
 
(189
)
 
(2,599
)
 
(3,921
)
 
(20,903
)
Interest expense, net of capitalized interest
(5,445
)
 
(372
)
 
(3,922
)
 
3,921

 
(5,818
)
Total other income (expense), net
(18,894
)
 
(591
)
 
(6,521
)
 
—

 
(26,006
)
Income (loss) from continuing operations before income and mining taxes
(28,493
)
 
(7,858
)
 
(12,908
)
 
—

 
(49,259
)
Income and mining tax (expense) benefit
(430
)
 
(489
)
 
(2,866
)
 
—

 
(3,785
)
Income (loss) from continuing operations
(28,923
)
 
(8,347
)
 
(15,774
)
 
—

 
(53,044
)
Equity income (loss) in consolidated subsidiaries
(24,122
)
 
(47
)
 
(174
)
 
24,343

 
—

Income (loss) from discontinued operations
—

 
—

 
—

 
—

 
—

NET INCOME (LOSS)
$
(53,045
)
 
$
(8,394
)
 
$
(15,948
)
 
$
24,343

 
$
(53,044
)
OTHER COMPREHENSIVE INCOME (LOSS), net of tax:
 
 
 
 
 
 
 
 
 
Unrealized gain (loss) on debt securities, net of tax
192

 
—

 
—

 
—

 
192

COMPREHENSIVE INCOME (LOSS)
$
(52,853
)
 
$
(8,394
)
 
$
(15,948
)
 
$
24,343

 
$
(52,852
)
(1) Excludes amortization.















CONDENSED CONSOLIDATING STATEMENT OF COMPREHENSIVE INCOME (LOSS)
THREE MONTHS ENDED SEPTEMBER 30, 2017
In thousands
Coeur Mining, Inc.
 
Guarantor Subsidiaries
 
Non-Guarantor Subsidiaries
 
Eliminations
 
Consolidated
Revenue
$
—

 
$
99,093

 
$
60,827

 
$
—

 
$
159,920

COSTS AND EXPENSES
 
 
 
 
 
 
 
 
 
Costs applicable to sales(1)
—

 
68,267

 
33,292

 
—

 
101,559

Amortization
286

 
15,678

 
16,436

 
—

 
32,400

General and administrative
7,250

 
6

 
89

 
—

 
7,345

Exploration
466

 
4,582

 
4,743

 
—

 
9,791

Pre-development, reclamation, and other
1,030

 
1,922

 
2,078

 
—

 
5,030

Total costs and expenses
9,032

 
90,455

 
56,638

 
—

 
156,125

OTHER INCOME (EXPENSE), NET
 
 
 
 
 
 
 
 
 
Other, net
2,868

 
(4,603
)
 
5,509

 
(1,413
)
 
2,361

Interest expense, net of capitalized interest
(3,220
)
 
(264
)
 
(1,524
)
 
1,413

 
(3,595
)
Total other income (expense), net
(352
)
 
(4,867
)
 
3,985

 
—

 
(1,234
)
Income (loss) from continuing operations before income and mining taxes
(9,384
)
 
3,771

 
8,174

 
—

 
2,561

Income and mining tax (expense) benefit
(8,091
)
 
(574
)
 
(5,624
)
 
—

 
(14,289
)
Income (loss) from continuing operations
(17,475
)
 
3,197

 
2,550

 
—

 
(11,728
)
Equity income (loss) in consolidated subsidiaries
823

 
(1,755
)
 
(304
)
 
1,236

 
—

Income (loss) from discontinued operations
—

 
—

 
(4,924
)
 
—

 
(4,924
)
NET INCOME (LOSS)
$
(16,652
)
 
$
1,442

 
$
(2,678
)
 
$
1,236

 
$
(16,652
)
OTHER COMPREHENSIVE INCOME (LOSS), net of tax:
 
 
 
 
 
 
 
 
 
Unrealized gain (loss) on debt securities, net of tax
1,066

 
1,504

 
—

 
(1,504
)
 
1,066

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

 
(852
)
 
—

 
852

 
—

Reclassification adjustments for realized gain (loss) on sale of equity securities, net of tax
32

 
1,112

 
—

 
(1,112
)
 
32

Other comprehensive income (loss)
1,098

 
1,764

 
—

 
(1,764
)
 
1,098

COMPREHENSIVE INCOME (LOSS)
$
(15,554
)
 
$
3,206

 
$
(2,678
)
 
$
(528
)
 
$
(15,554
)
(1) Excludes amortization.

CONDENSED CONSOLIDATING STATEMENT OF CASH FLOWS
THREE MONTHS ENDED SEPTEMBER 30, 2018
In thousands
Coeur Mining, Inc.
 
Guarantor Subsidiaries
 
Non-Guarantor Subsidiaries
 
Eliminations
 
Consolidated
CASH FLOWS FROM OPERATING ACTIVITIES:
 
 
 
 
 
 
 
 
 
Cash provided by (used in) activities of continuing operations
$
(37,112
)
 
$
7,058

 
$
11,500

 
$
24,343

 
5,789

Cash provided by (used in) activities of discontinued operations
—

 
—

 
—

 
—

 
—

CASH PROVIDED BY (USED IN) OPERATING ACTIVITIES
(37,112
)
 
7,058

 
11,500

 
24,343

 
5,789

 
 
 
 
 
 
 
 
 
 
CASH FLOWS FROM INVESTING ACTIVITIES
 
 
 
 
 
 
 
 
 
Capital expenditures
(119
)
 
(16,720
)
 
(22,633
)
 
—

 
(39,472
)
Proceeds from the sale of assets
—

 
304

 
89

 
—

 
393

Purchase of investments
(15
)
 
—

 
—

 
—

 
(15
)
Sales of investments
(126
)
 
48

 
—

 
—

 
(78
)
Proceeds from notes receivable
15,000

 
—

 
—

 
—

 
15,000

Other
124

 
—

 
(60
)
 
—

 
64

Investments in consolidated subsidiaries
24,121

 
56

 
166

 
(24,343
)
 
—

Cash provided by (used in) activities of continuing operations
38,985

 
(16,312
)
 
(22,438
)
 
(24,343
)
 
(24,108
)
Cash provided by (used in) activities of discontinued operations
—

 
—

 
—

 
—

 
—

CASH PROVIDED BY (USED IN) INVESTING ACTIVITIES
38,985

 
(16,312
)
 
(22,438
)
 
(24,343
)
 
(24,108
)
CASH FLOWS FROM FINANCING ACTIVITIES:
 
 
 
 
 
 
 
 
 
Issuance of notes and bank borrowings, net of issuance costs
25,000

 
—

 
—

 
—

 
25,000

Payments on debt, capital leases, and associated costs
(20,000
)
 
(3,535
)
 
(1,998
)
 
—

 
(25,533
)
Net intercompany financing activity
(7,130
)
 
(4,844
)
 
11,974

 
—

 
—

Other
(77
)
 
—

 
—

 
—

 
(77
)
Cash provided by (used in) activities of continuing operations
(2,207
)
 
(8,379
)
 
9,976

 
—

 
(610
)
Cash provided by (used in) activities of discontinued operations
—

 
—

 
—

 
—

 
—

CASH PROVIDED BY (USED IN) FINANCING ACTIVITIES
(2,207
)
 
(8,379
)
 
9,976

 
—

 
(610
)
Effect of exchange rate changes on cash and cash equivalents
—

 
(2
)
 
185

 
—

 
183

Less net cash provided by (used in) discontinued operations
—

 
—

 
—

 
—

 
—

NET CHANGE IN CASH, CASH EQUIVALENTS AND RESTRICTED CASH
(334
)
 
(17,635
)
 
(777
)
 
—

 
(18,746
)
Cash, cash equivalents and restricted cash at beginning of period
24,232

 
40,200

 
71,594

 
—

 
136,026

Cash, cash equivalents and restricted cash at end of period
$
23,898

 
$
22,565

 
$
70,817

 
$
—

 
$
117,280




















CONDENSED CONSOLIDATING STATEMENT OF CASH FLOWS
THREE MONTHS ENDED SEPTEMBER 30, 2017
In thousands
Coeur Mining, Inc.
 
Guarantor Subsidiaries
 
Non-Guarantor Subsidiaries
 
Eliminations
 
Consolidated
CASH FLOWS FROM OPERATING ACTIVITIES:
 
 
 
 
 
 
 
 
 
Cash provided by (used in) activities of continuing operations
$
(8,682
)
 
$
27,407

 
$
17,348

 
$
1,236

 
37,309

Cash provided by (used in) activities of discontinued operations
—

 
—

 
(7,877
)
 
—

 
(7,877
)
CASH PROVIDED BY (USED IN) OPERATING ACTIVITIES
(8,682
)
 
27,407

 
9,471

 
1,236

 
29,432

 
 
 
 
 
 
 
 
 
 
CASH FLOWS FROM INVESTING ACTIVITIES
 
 
 
 
 
 
 
 
 
Capital expenditures
(318
)
 
(23,016
)
 
(5,648
)
 
—

 
(28,982
)
Proceeds from the sale of assets
—

 
76

 
940

 
—

 
1,016

Purchase of investments
(3,594
)
 
(1
)
 
—

 
—

 
(3,595
)
Sales of investments
—

 
403

 
—

 
—

 
403

Other
(4,252
)
 
—

 
(67
)
 
—

 
(4,319
)
Investments in consolidated subsidiaries
3,432

 
7,144

 
(9,340
)
 
(1,236
)
 
—

Cash provided by (used in) activities of continuing operations
(4,732
)
 
(15,394
)
 
(14,115
)
 
(1,236
)
 
(35,477
)
Cash provided by (used in) activities of discontinued operations
—


—


(412
)
 
—

 
(412
)
CASH PROVIDED BY (USED IN) INVESTING ACTIVITIES
(4,732
)
 
(15,394
)
 
(14,527
)
 
(1,236
)
 
(35,889
)
CASH FLOWS FROM FINANCING ACTIVITIES:
 
 
 
 
 
 
 
 
 
Issuance of notes and bank borrowings
(2,257
)
 
—

 
—

 
—

 
(2,257
)
Payments on debt, capital leases, and associated costs
—

 
(1,894
)
 
(1,429
)
 
—

 
(3,323
)
Net intercompany financing activity
9,266

 
(12,370
)

3,104

 
—

 
—

Other
(6
)
 
—

 
—

 
—

 
(6
)
Cash provided by (used in) activities of continuing operations
7,003

 
(14,264
)
 
1,675

 
—

 
(5,586
)
Cash provided by (used in) activities of discontinued operations
—

 
—


(21
)
 
—

 
(21
)
CASH PROVIDED BY (USED IN) FINANCING ACTIVITIES
7,003

 
(14,264
)
 
1,654

 
—

 
(5,607
)
Effect of exchange rate changes on cash and cash equivalents
—

 
3

 
(225
)
 
—

 
(222
)
Less net cash provided by (used in) discontinued operations
—

 
—

 
(8,491
)
 
—

 
(8,491
)
NET CHANGE IN CASH, CASH EQUIVALENTS AND RESTRICTED CASH
(6,411
)
 
(2,248
)
 
4,864

 
—

 
(3,795
)
Cash, cash equivalents and restricted cash at beginning of period
113,708

 
47,912

 
49,189

 
—

 
210,809

Cash, cash equivalents and restricted cash at end of period
$
107,297

 
$
45,664

 
$
54,053

 
$
—

 
$
207,014






















CONDENSED CONSOLIDATING STATEMENT OF COMPREHENSIVE INCOME (LOSS)
NINE MONTHS ENDED SEPTEMBER 30, 2018
In thousands
Coeur Mining, Inc.
 
Guarantor Subsidiaries
 
Non-Guarantor Subsidiaries
 
Eliminations
 
Consolidated
Revenue
$
—

 
$
281,762

 
$
200,287

 
$
—

 
$
482,049

COSTS AND EXPENSES
 
 
 
 
 
 
 
 
 
Costs applicable to sales(1)
—

 
219,948

 
104,495

 
—

 
324,443

Amortization
714

 
43,876

 
46,830

 
—

 
91,420

General and administrative
24,113

 
15

 
55

 
—

 
24,183

Exploration
1,168

 
7,289

 
12,812

 
—

 
21,269

Pre-development, reclamation, and other
1,912

 
9,391

 
4,663

 
—

 
15,966

Total costs and expenses
27,907

 
280,519

 
168,855

 
—

 
477,281

OTHER INCOME (EXPENSE), NET
 
 
 
 
 
 
 
 
 
Fair value adjustments, net
3,335

 
(428
)
 


 
—

 
2,907

Other, net
(4,890
)
 
187

 
(3,607
)
 
(11,536
)
 
(19,846
)
Interest expense, net of capitalized interest
(15,786
)
 
(1,092
)
 
(12,459
)
 
11,536

 
(17,801
)
Total other income (expense), net
(17,341
)
 
(1,333
)
 
(16,066
)
 
—

 
(34,740
)
Income (loss) from continuing operations before income and mining taxes
(45,248
)
 
(90
)
 
15,366

 
—

 
(29,972
)
Income and mining tax (expense) benefit
286

 
(2,997
)
 
(16,740
)
 
—

 
(19,451
)
Income (loss) from continuing operations
(44,962
)
 
(3,087
)
 
(1,374
)
 
—

 
(49,423
)
Equity income (loss) in consolidated subsidiaries
(4,922
)
 
(113
)
 
(590
)
 
5,625

 
—

Income (loss) from discontinued operations
1,010

 
(284
)
 
(176
)
 
—

 
550

NET INCOME (LOSS)
$
(48,874
)
 
$
(3,484
)
 
$
(2,140
)
 
$
5,625

 
$
(48,873
)
OTHER COMPREHENSIVE INCOME (LOSS), net of tax:
 
 
 
 
 
 
 
 
 
Unrealized gain (loss) on debt securities, net of tax
(173
)
 
—

 
—

 
—

 
(173
)
COMPREHENSIVE INCOME (LOSS)
$
(49,047
)
 
$
(3,484
)
 
$
(2,140
)
 
$
5,625

 
$
(49,046
)
(1) Excludes amortization.



































CONDENSED CONSOLIDATING STATEMENT OF COMPREHENSIVE INCOME (LOSS)
NINE MONTHS ENDED SEPTEMBER 30, 2017
In thousands
Coeur Mining, Inc.
 
Guarantor Subsidiaries
 
Non-Guarantor Subsidiaries
 
Eliminations
 
Consolidated
Revenue
$
—

 
$
301,658

 
$
193,356

 
$
—

 
$
495,014

COSTS AND EXPENSES
 
 
 
 
 
 
 
 
 
Costs applicable to sales(1)
—

 
207,385

 
110,893

 
—

 
318,278

Amortization
908

 
49,617

 
51,302

 
—

 
101,827

General and administrative
24,316

 
26

 
153

 
—

 
24,495

Exploration
1,197

 
9,526

 
12,133

 
—

 
22,856

Pre-development, reclamation, and other
1,803

 
5,593

 
5,556

 
—

 
12,952

Total costs and expenses
28,224

 
272,147

 
180,037

 
—

 
480,408

OTHER INCOME (EXPENSE), NET
 
 
 
 
 
 
 
 
 
Loss on debt extinguishments
(9,342
)
 
—

 
—

 
—

 
(9,342
)
Fair value adjustments, net
—

 
(864
)
 
—

 
—

 
(864
)
Other, net
20,090

 
3,332

 
7,951

 
(4,239
)
 
27,134

Interest expense, net of capitalized interest
(9,876
)
 
(703
)
 
(4,578
)
 
4,239

 
(10,918
)
Total other income (expense), net
872

 
1,765

 
3,373

 
—

 
6,010

Income (loss) from continuing operations before income and mining taxes
(27,352
)
 
31,276

 
16,692

 
—

 
20,616

Income and mining tax (expense) benefit
(3,108
)
 
(3,946
)
 
(16,986
)
 
—

 
(24,040
)
Income (loss) from continuing operations
(30,460
)
 
27,330

 
(294
)
 
—

 
(3,424
)
Equity income (loss) in consolidated subsidiaries
21,516

 
(546
)
 
(609
)
 
(20,361
)
 
—

Income (loss) from discontinued operations
—

 
—

 
(5,520
)
 
—

 
(5,520
)
NET INCOME (LOSS)
$
(8,944
)
 
$
26,784

 
$
(6,423
)
 
$
(20,361
)
 
$
(8,944
)
OTHER COMPREHENSIVE INCOME (LOSS), net of tax:
 
 
 
 
 
 
 
 
 
Unrealized gain (loss) on debt and equity securities, net of tax
(1,134
)
 
756

 
—

 
(756
)
 
(1,134
)
Reclassification adjustments for impairment of equity securities, net of tax
426

 
(426
)
 
—

 
426

 
426

Reclassification adjustments for realized loss on sale of equity securities, net of tax
1,300

 
540

 
—

 
(540
)
 
1,300

Other comprehensive income (loss)
592

 
870

 
—

 
(870
)
 
592

COMPREHENSIVE INCOME (LOSS)
$
(8,352
)
 
$
27,654

 
$
(6,423
)
 
$
(21,231
)
 
$
(8,352
)
(1) Excludes amortization.

CONDENSED CONSOLIDATING STATEMENT OF CASH FLOWS
NINE MONTHS ENDED SEPTEMBER 30, 2018
In thousands
Coeur Mining, Inc.
 
Guarantor Subsidiaries
 
Non-Guarantor Subsidiaries
 
Eliminations
 
Consolidated
CASH FLOWS FROM OPERATING ACTIVITIES:
 
 
 
 
 
 
 
 
 
Cash provided by (used in) activities of continuing operations
$
(36,687
)
 
$
33,173

 
$
17,925

 
$
5,625

 
20,036

Cash provided by (used in) activities of discontinued operations
—

 
—

 
(2,690
)
 
—

 
(2,690
)
CASH PROVIDED BY (USED IN) OPERATING ACTIVITIES
(36,687
)
 
33,173

 
15,235

 
5,625

 
17,346

 
 
 
 
 
 
 
 
 
 
CASH FLOWS FROM INVESTING ACTIVITIES
 
 
 
 
 
 
 
 
 
Capital expenditures
(303
)
 
(43,598
)
 
(79,081
)
 
—

 
(122,982
)
Proceeds from the sale of assets
23

 
437

 
89

 
—

 
549

Purchase of investments
(415
)
 
—

 
—

 
—

 
(415
)
Sales of investments
11,694

 
988

 
—

 
—

 
12,682

Proceeds from notes receivable
15,000

 
—

 
—

 
—

 
15,000

Other
45

 
109

 
(188
)
 
—

 
(34
)
Investments in consolidated subsidiaries
4,922

 
121

 
582

 
(5,625
)
 
—

Cash provided by (used in) activities of continuing operations
30,966

 
(41,943
)
 
(78,598
)
 
(5,625
)
 
(95,200
)
Cash provided by (used in) activities of discontinued operations
—

 
—

 
(28,470
)
 
—

 
(28,470
)
CASH PROVIDED BY (USED IN) INVESTING ACTIVITIES
30,966


(41,943
)

(107,068
)
 
(5,625
)
 
(123,670
)
CASH FLOWS FROM FINANCING ACTIVITIES:
 
 
 
 
 
 
 
 
 
Issuance of notes and bank borrowings, net of issuance costs
40,000

 
—


—

 
—

 
40,000

Payments on debt, capital leases, and associated costs
(20,000
)
 
(8,462
)
 
(19,893
)
 
—

 
(48,355
)
Net intercompany financing activity
(41,498
)
 
(12,436
)
 
53,934

 
—

 
—

Other
(4,916
)
 
—

 
—

 
—

 
(4,916
)
Cash provided by (used in) activities of continuing operations
(26,414
)
 
(20,898
)
 
34,041

 
—

 
(13,271
)
Cash provided by (used in) activities of discontinued operations
—

 
—

 
(22
)
 
—

 
(22
)
CASH PROVIDED BY (USED IN) FINANCING ACTIVITIES
(26,414
)

(20,898
)

34,019


—


(13,293
)
Effect of exchange rate changes on cash and cash equivalents
—

 
(6
)
 
571

 
—

 
565

Less net cash provided by (used in) discontinued operations
—

 
—

 
(32,930
)
 
—

 
(32,930
)
NET CHANGE IN CASH, CASH EQUIVALENTS AND RESTRICTED CASH
(32,135
)

(29,674
)

(24,313
)
 
—

 
(86,122
)
Cash, cash equivalents and restricted cash at beginning of period
56,033

 
52,239

 
95,130

 
—

 
203,402

Cash, cash equivalents and restricted cash at end of period
$
23,898


$
22,565


$
70,817


$
—


$
117,280


CONDENSED CONSOLIDATING STATEMENT OF CASH FLOWS
NINE MONTHS ENDED SEPTEMBER 30, 2017
In thousands
Coeur Mining, Inc.
 
Guarantor Subsidiaries
 
Non-Guarantor Subsidiaries
 
Eliminations
 
Consolidated
CASH FLOWS FROM OPERATING ACTIVITIES:
 
 
 
 
 
 
 
 
 
Cash provided by (used in) activities of continuing operations
$
(18,502
)
 
$
59,434

 
$
84,778

 
$
(20,361
)
 
105,349

Cash provided by (used in) activities of discontinued operations
—

 
—

 
8,633

 
—

 
8,633

CASH PROVIDED BY (USED IN) OPERATING ACTIVITIES
(18,502
)
 
59,434

 
93,411

 
(20,361
)
 
113,982

 
 
 
 
 
 
 
 
 
 
CASH FLOWS FROM INVESTING ACTIVITIES
 
 
 
 
 
 
 
 
 
Capital expenditures
(1,626
)
 
(63,928
)
 
(24,126
)
 
—

 
(89,680
)
Proceeds from the sale of assets
8,917

 
6,670

 
884

 
—

 
16,471

Purchase of investments
(13,558
)
 
(1
)
 
—

 
—

 
(13,559
)
Sales of investments
9,157

 
2,164

 
—

 
—

 
11,321

Other
(4,197
)
 
—

 
(188
)
 
—

 
(4,385
)
Investments in consolidated subsidiaries
(9,572
)
 
7,897

 
(18,686
)
 
20,361

 
—

Cash provided by (used in) activities of continuing operations
(10,879
)
 
(47,198
)
 
(42,116
)
 
20,361

 
(79,832
)
Cash provided by (used in) activities of discontinued operations
—

 
—

 
(1,175
)
 
—

 
(1,175
)
CASH PROVIDED BY (USED IN) INVESTING ACTIVITIES
(10,879
)
 
(47,198
)
 
(43,291
)
 
20,361

 
(81,007
)
CASH FLOWS FROM FINANCING ACTIVITIES:
 
 
 
 
 
 
 
 
 
Issuance of notes and bank borrowings
242,701

 
—

 
—

 
—

 
242,701

Payments on debt, capital leases, and associated costs
(185,538
)
 
(5,789
)
 
(4,112
)
 
—

 
(195,439
)
Net intercompany financing activity
16,904

 
(10,809
)
 
(6,095
)
 
—

 
—

Other
(3,726
)
 
—

 
—

 
—

 
(3,726
)
Cash provided by (used in) activities of continuing operations
70,341

 
(16,598
)
 
(10,207
)
 
—

 
43,536

Cash provided by (used in) activities of discontinued operations
—

 
—

 
(62
)
 
—

 
(62
)
CASH PROVIDED BY (USED IN) FINANCING ACTIVITIES
70,341

 
(16,598
)
 
(10,269
)
 
—

 
43,474

Effect of exchange rate changes on cash and cash equivalents
—

 
3

 
659

 
—

 
662

Less net cash provided by (used in) discontinued operations
—

 
—

 
(3,302
)
 
—

 
(3,302
)
NET CHANGE IN CASH, CASH EQUIVALENTS AND RESTRICTED CASH
40,960

 
(4,359
)
 
43,812

 
—

 
80,413

Cash, cash equivalents and restricted cash at beginning of period
66,337

 
50,023

 
10,241

 
—

 
126,601

Cash, cash equivalents and restricted cash at end of period
$
107,297

 
$
45,664

 
$
54,053

 
$
—

 
$
207,014




CONDENSED CONSOLIDATING BALANCE SHEET
SEPTEMBER 30, 2018
In thousands
Coeur Mining, Inc.
 
Guarantor Subsidiaries
 
Non-Guarantor Subsidiaries
 
Eliminations
 
Consolidated
ASSETS
 
 
 
 
 
 
 
CURRENT ASSETS
 
 
 
 
 
 
 
 
 
Cash and cash equivalents
$
11,432

 
$
22,496

 
$
70,818

 
$
—

 
$
104,746

Receivables
9,697

 
3,355

 
17,428

 
—

 
30,480

Ore on leach pads
—

 
77,515

 
—

 
—

 
77,515

Inventory
—

 
28,751

 
33,818

 
—

 
62,569

Prepaid expenses and other
4,938

 
1,430

 
5,799

 
—

 
12,167

 
26,067

 
133,547

 
127,863

 
—

 
287,477

NON-CURRENT ASSETS
 
 
 
 
 
 
 
 
 
Property, plant and equipment, net
2,893

 
176,645

 
106,333

 
—

 
285,871

Mining properties, net
4,753

 
221,969

 
638,321

 
—

 
865,043

Ore on leach pads
—

 
67,420

 
—

 
—

 
67,420

Restricted assets
14,359

 
227

 
6,775

 
—

 
21,361

Equity and debt securities
24,218

 
14

 
—

 
—

 
24,232

Receivables
—

 
—

 
28,035

 
—

 
28,035

Net investment in subsidiaries
459,064

 
258

 
294

 
(459,616
)
 
—

Other
297,919

 
11,846

 
3,897

 
(294,724
)
 
18,938

TOTAL ASSETS
$
829,273

 
$
611,926

 
$
911,518

 
$
(754,340
)
 
$
1,598,377

 
 
 
 
 
 
 
 
 
 
LIABILITIES AND STOCKHOLDERS’ EQUITY
 
 
 
 
 
 
 
 
 
CURRENT LIABILITIES
 
 
 
 
 
 
 
 
 
Accounts payable
$
2,244

 
$
21,697

 
$
31,191

 
$
—

 
$
55,132

Other accrued liabilities
11,701

 
11,148

 
42,551

 
—

 
65,400

Debt
—

 
16,913

 
5,783

 
—

 
22,696

Reclamation
—

 
2,313

 
1,464

 
—

 
3,777

 
13,945

 
52,071

 
80,989

 
—

 
147,005

NON-CURRENT LIABILITIES
 
 
 
 
 
 
 
 
 
Debt
365,662

 
33,022

 
302,534

 
(294,724
)
 
406,494

Reclamation
—

 
85,376

 
37,601

 
—

 
122,977

Deferred tax liabilities
5,179

 
4,928

 
88,784

 
—

 
98,891

Other long-term liabilities
2,627

 
3,178

 
49,422

 
—

 
55,227

Intercompany payable (receivable)
(325,923
)
 
305,823

 
20,100

 
—

 
—

 
47,545

 
432,327

 
498,441

 
(294,724
)
 
683,589

STOCKHOLDERS’ EQUITY
 
 
 
 
 
 
 
 
 
Common stock
1,870

 
39,010

 
195,020

 
(234,030
)
 
1,870

Additional paid-in capital
3,359,183

 
143,542

 
1,927,630

 
(2,071,172
)
 
3,359,183

Accumulated deficit
(2,593,012
)
 
(55,024
)
 
(1,790,562
)
 
1,845,586

 
(2,593,012
)
Accumulated other comprehensive income (loss)
(258
)
 
—

 
—

 
—

 
(258
)
 
767,783

 
127,528

 
332,088

 
(459,616
)
 
767,783

TOTAL LIABILITIES AND STOCKHOLDERS’ EQUITY
$
829,273

 
$
611,926

 
$
911,518

 
$
(754,340
)
 
$
1,598,377



CONDENSED CONSOLIDATING BALANCE SHEET
DECEMBER 31, 2017
In thousands
Coeur Mining, Inc.
 
Guarantor Subsidiaries
 
Non-Guarantor Subsidiaries
 
Eliminations
 
Consolidated
ASSETS
 
 
 
 
 
 
 
CURRENT ASSETS
 
 
 
 
 
 
 
 
 
Cash and cash equivalents
$
44,662

 
$
52,239

 
$
95,131

 
$
—

 
$
192,032

Receivables
137

 
7,922

 
11,010

 
—

 
19,069

Ore on leach pads
—

 
73,752

 
—

 
—

 
73,752

Inventory
—

 
29,769

 
28,461

 
—

 
58,230

Prepaid expenses and other
7,824

 
2,816

 
4,413

 
—

 
15,053

Assets held for sale
—

 
—

 
91,421

 
—

 
91,421

 
52,623

 
166,498

 
230,436

 
—

 
449,557

NON-CURRENT ASSETS
 
 
 
 
 
 
 
 
 
Property, plant and equipment, net
4,007

 
161,487

 
89,243

 
—

 
254,737

Mining properties, net
—

 
216,281

 
613,288

 
—

 
829,569

Ore on leach pads
—

 
65,393

 
—

 
—

 
65,393

Restricted assets
13,251

 
227

 
7,369

 
—

 
20,847

Equity and debt securities
33,569

 
1,268

 
—

 
—

 
34,837

Receivables
—

 
—

 
28,750

 
—

 
28,750

Net investment in subsidiaries
422,074

 
223

 
(18
)
 
(422,279
)
 
—

Other
320,335

 
11,040

 
2,854

 
(316,744
)
 
17,485

TOTAL ASSETS
$
845,859

 
$
622,417

 
$
971,922

 
$
(739,023
)
 
$
1,701,175

 
 
 
 
 
 
 
 
 
 
LIABILITIES AND STOCKHOLDERS’ EQUITY
 
 
 
 
 
 
 
 
 
CURRENT LIABILITIES
 
 
 
 
 
 
 
 
 
Accounts payable
$
3,607

 
$
24,534

 
$
20,451

 
$
—

 
$
48,592

Other accrued liabilities
13,205

 
19,262

 
62,463

 
—

 
94,930

Debt
—

 
9,215

 
21,538

 
—

 
30,753

Reclamation
—

 
2,313

 
1,464

 
—

 
3,777

Liabilities held for sale
—

 
—

 
50,677

 
—

 
50,677

 
16,812

 
55,324

 
156,593

 
—

 
228,729

NON-CURRENT LIABILITIES
 
 
 
 
 
 
 
 
 
Debt
345,088

 
28,313

 
323,912

 
(316,744
)
 
380,569

Reclamation
—

 
82,021

 
35,034

 
—

 
117,055

Deferred tax liabilities
4,110

 
5,127

 
95,911

 
—

 
105,148

Other long-term liabilities
2,311

 
3,063

 
49,323

 
—

 
54,697

Intercompany payable (receivable)
(337,439
)
 
317,759

 
19,680

 
—

 
—

 
14,070

 
436,283

 
523,860

 
(316,744
)
 
657,469

STOCKHOLDERS’ EQUITY
 
 
 
 
 
 
 
 
 
Common stock
1,856

 
19,630

 
195,020

 
(214,650
)
 
1,856

Additional paid-in capital
3,357,345

 
149,194

 
1,885,046

 
(2,034,240
)
 
3,357,345

Accumulated deficit
(2,546,743
)
 
(34,551
)
 
(1,788,597
)
 
1,823,148

 
(2,546,743
)
Accumulated other comprehensive income (loss)
2,519

 
(3,463
)
 
—

 
3,463

 
2,519

 
814,977

 
130,810

 
291,469

 
(422,279
)
 
814,977

TOTAL LIABILITIES AND STOCKHOLDERS’ EQUITY
$
845,859

 
$
622,417

 
$
971,922

 
$
(739,023
)
 
$
1,701,175