XML 22 R5.htm IDEA: XBRL DOCUMENT v3.8.0.1
Condensed Consolidated Statements of Cash Flows (Unaudited) - USD ($)
$ in Thousands
9 Months Ended
Sep. 30, 2017
Sep. 30, 2016
Operating activities:    
Net income $ 4,230 $ 49,285
Non-cash elements included in net income:    
Depreciation, depletion and amortization 87,634 83,900
Loss on disposition of investments 167
Unrealized loss (gain) on investments 73 (488)
Gain on disposition of properties, plants, equipment, and mineral interests (4,924) (319)
Provision for reclamation and closure costs 3,379 3,685
Stock compensation 4,943 4,814
Acquisition costs 1,048
Deferred income taxes (24,280) 10,330
Amortization of loan origination fees 1,415 1,397
Loss on derivative contracts 16,718 337
Foreign exchange loss 11,171 7,555
Other non-cash items, net (1) 5
Change in assets and liabilities, net of business acquisitions:    
Accounts receivable 4,903 5,776
Inventories (9,611) (44)
Other current and non-current assets (2,685) (539)
Accounts payable and accrued liabilities (7,759) 2,042
Accrued payroll and related benefits (913) 8,621
Accrued taxes (4,469) (2,894)
Accrued reclamation and closure costs and other non-current liabilities (5,876) (1,397)
Cash provided by operating activities 74,115 173,114
Investing activities:    
Additions to properties, plants, equipment and mineral interests (70,390) (120,236)
Acquisitions of other companies, net of cash acquired (3,931)
Proceeds from disposition of properties, plants, equipment and mineral interests 151 348
Insurance proceeds received for damaged property 5,628
Purchases of investments (36,916) (32,847)
Maturities of investments 31,169 7,240
Changes in restricted cash and investment balances 1,124 (3,900)
Net cash used in investing activities (69,234) (153,326)
Financing activities:    
Proceeds from sale of common stock, net of offering costs 9,610 8,121
Acquisition of treasury shares (2,993) (4,363)
Dividends paid to common shareholders (2,978) (2,882)
Dividends paid to preferred shareholders (414) (414)
Credit availability and debt issuance fees (476) (107)
Repayments of debt (470) (1,807)
Repayments of capital leases (5,065) (6,328)
Net cash used in financing activities (2,786) (7,780)
Effect of exchange rates on cash 1,051 627
Net increase in cash and cash equivalents 3,146 12,635
Cash and cash equivalents at beginning of period 169,777 155,209
Cash and cash equivalents at end of period 172,923 167,844
Significant non-cash investing and financing activities:    
Addition of capital lease obligations 6,439 2,297
Common stock issued for the acquisition of other companies 48,109
Payment of accrued compensation in restricted stock units $ 4,240 $ 5,511