XML 35 R5.htm IDEA: XBRL DOCUMENT v3.8.0.1
Consolidated Statements of Cash Flows - USD ($)
$ in Thousands
12 Months Ended
Dec. 31, 2017
Dec. 31, 2016
Dec. 31, 2015
Operating activities:      
Net Income (Loss) $ (23,519) $ 69,547 $ (86,968)
Non-cash elements included in net (loss) income:      
Depreciation, depletion and amortization 121,930 117,413 112,585
Loss on disposition of investments 167 44
Unrealized loss on investments 251 177 3,333
Adjustment of inventory to market value 811 1,649
(Gain) loss on disposition of properties, plants, equipment and mineral interests (6,042) (147) 404
Provision for reclamation and closure costs 4,508 4,813 12,036
Deferred income taxes 18,308 2,112 54,978
Stock compensation 6,323 6,184 5,425
Acquisition costs 1,048
Amortization of loan origination fees 1,864 1,871 1,821
Loss (gains) on derivative contracts 20,741 (5,494) 11,630
Foreign exchange loss (gain) 10,828 4,649 (20,081)
Other non-cash items 51 (174) (35)
Change in assets and liabilities, net of business acquired:      
Accounts receivable (2,414) 4,233 (6,834)
Inventories (3,744) (5,697) (854)
Other current and non-current assets (11,595) 14,422 1,195
Accounts payable and accrued liabilities (16,434) (6,539) (4,211)
Accrued payroll and related benefits 2,092 17,705 7,325
Accrued taxes (2,234) 263 4,653
Accrued reclamation and closure costs and other non-current liabilities (5,203) (1,869) 8,350
Net cash provided by operating activities 115,878 225,328 106,445
Investing activities:      
Additions to properties, plants, equipment and mineral interests (98,038) (164,788) (137,443)
Proceeds from sale of investments 14
Proceeds from disposition of properties, plants and equipment 374 348 579
Insurance proceeds received for damaged property 7,745
Redemptions of restricted cash and investment balances 1,168
Purchases of investments (56,613) (48,943) (947)
Maturities of investments 49,969 18,649
Purchase of other companies, net of cash acquired (3,931) (809)
Net cash used by investing activities (95,395) (198,665) (138,606)
Financing activities:      
Proceeds from issuance of common stock, net of offering costs 9,610 8,121
Dividends paid to common stockholders (3,976) (3,867) (3,739)
Dividend paid to preferred stockholders (552) (552) (552)
Debt issuance and credit facility fees paid (476) (127) (127)
Acquisition of treasury shares (2,868) (4,440) (1,874)
Payments on debt (470) (2,721) (870)
Payments on capital leases (6,516) (8,435) (9,981)
Net cash (used in) provided by financing activities (5,248) (12,021) (17,143)
Effect of exchange rates on cash 1,095 (74) (5,152)
Net increase (decrease) in cash and cash equivalents 16,330 14,568 (54,456)
Cash and cash equivalents at beginning of year 169,777 155,209 209,665
Cash and cash equivalents at end of year 186,107 169,777 155,209
Supplemental disclosure of cash flow information:      
Common stock issued for acquisition of other companies 48,109 19,133
Capital leases acquired 6,439 2,297 5,090
Payment of accrued compensation in restricted stock units 4,240 5,511 3,016
Cash received (paid) during year for:      
Interest, net of amount capitalized (35,624) (19,280) (22,628)
Income tax (payments) receipts $ (23,128) $ (6,333) $ 4,186