XML 122 R5.htm IDEA: XBRL DOCUMENT v2.4.0.8
Consolidated Statements of Cash Flows (USD $)
In Thousands, unless otherwise specified
12 Months Ended
Dec. 31, 2013
Dec. 31, 2012
Dec. 31, 2011
Operating activities:      
Net income (loss) $ (25,130) $ 14,954 $ 151,164
Non-cash elements included in net income (loss):      
Depreciation, depletion and amortization 82,366 50,113 47,348
Net gain on sale of investments (197)   (611)
Unrealized loss on investments 2,639 1,171 140
(Gain) loss on disposition of properties, plants, equipment and mineral interests (75) 275  
Provision for reclamation and closure costs 1,788 1,106 7,004
Deferred income taxes (5,893) 546 76,944
Stock compensation 4,461 3,101 2,073
Amortization of loan origination fees 1,435 460 598
(Gain) loss on derivative contracts (1,338) 29,627 (53,545)
Reversal of purchase price allocation to product inventory 550    
Other non-cash items (841) 1,765 1,209
Change in assets and liabilities, net of business acquired:      
Accounts receivable (1,313) (4,713) 16,531
Inventories (6,507) (2,442) (7,064)
Other current and non-current assets 3,281 610 2,164
Accounts payable and accrued liabilities (10,927) 4,927 1,466
Accrued payroll and related benefits 539 (2,118) 2,090
Accrued taxes (4,775) 1,967 (5,688)
Accrued reclamation and closure costs and other non-current liabilities (13,418) (32,333) (171,932)
Net cash provided by operating activities 26,644 69,016 69,891
Investing activities:      
Additions to properties, plants, equipment and mineral interests (150,736) (113,096) (87,546)
Proceeds from sale of investments 1,772   1,366
Proceeds from disposition of properties, plants and equipment 460 886 113
Redemptions of restricted cash and investment balances     9,448
Increases in restricted cash and investment balances 125 (5) (3,200)
Purchases of investments (6,001) (5,823)  
Acquisition of Aurizon, net of cash acquired (321,117)    
Net cash used by investing activities (475,497) (118,038) (79,819)
Financing activities:      
Proceeds from exercise of warrants and stock options 61   5,786
Dividends paid to common stockholders (5,991) (17,121) (5,592)
Dividend paid to preferred stockholders (552) (552) (3,822)
Debt issuance and loan origination fees paid (1,244) (750) (180)
Acquisition of treasury shares (286) (2,144) (469)
Borrowings on debt 490,000    
Repayments of capital leases (7,039) (5,890) (2,938)
Net cash provided by (used in) financing activities 474,949 (26,457) (7,215)
Effect of exchange rates on cash (4,905)    
Net increase (decrease) in cash and cash equivalents 21,191 (75,479) (17,143)
Cash and cash equivalents at beginning of year 190,984 266,463 283,606
Cash and cash equivalents at end of year 212,175 190,984 266,463
Cash received (paid) during year for:      
Interest (13,465) (1,968) (1,683)
Income tax receipts (payments) (1,402) 4,483 (17,874)
Significant non-cash investing and financing activities:      
Stock issued for acquisition of assets 218,302   33,831
Capital leases acquired 12,344 13,119 6,935
Accounts payable change relating to capital additions $ (7,067) $ 3,727 $ 8,687