Note 14 - Guarantor Subsidiaries (Tables)

6 Months Ended

Jun. 30, 2019

Notes Tables

Condensed Balance Sheet [Table Text Block]

	As of June 30, 2019
	Parent			Guarantors			Non-Guarantors			Eliminations			Consolidated
	(in thousands)
Assets
Cash and cash equivalents	$	14		$	2,107		$	7,313		$	—		$	9,434
Other current assets		12,108			62,222			61,728			(74	)		135,984
Properties, plants, equipment and mineral interests, net		1,913			1,785,072			698,884			—			2,485,869
Intercompany receivable (payable)		152,061			(364,163	)		(199,609	)		411,711			—
Investments in subsidiaries		1,506,079			—			—			(1,506,079	)		—
Other non-current assets		286,460			22,798			(117,873	)		(151,959	)		39,426
Total assets	$	1,958,635		$	1,508,036		$	450,443		$	(1,246,401	)	$	2,670,713
Liabilities and Stockholders' Equity
Current liabilities	$	(314,607	)	$	122,102		$	44,741		$	265,617		$	117,853
Long-term debt		586,667			18,226			2,197			—			607,090
Non-current portion of accrued reclamation		—			89,209			14,573			—			103,782
Non-current deferred tax liability		—			66,781			87,496			(5,939	)		148,338
Other non-current liabilities		47,347			6,116			959			—			54,422
Stockholders' equity		1,639,228			1,205,602			300,477			(1,506,079	)		1,639,228
Total liabilities and stockholders' equity	$	1,958,635		$	1,508,036		$	450,443		$	(1,246,401	)	$	2,670,713

	As of December 31, 2018
	Parent			Guarantors			Non-Guarantors			Eliminations			Consolidated
	(in thousands)
Assets
Cash and cash equivalents	$	6,265		$	8,661		$	12,463		$	—		$	27,389
Other current assets		6,388			69,574			60,868			(69	)		136,761
Properties, plants, equipment and mineral interests, net		1,913			1,795,994			722,097			—			2,520,004
Intercompany receivable (payable)		171,905			(222,815	)		(171,834	)		222,744			—
Investments in subsidiaries		1,577,564			—			—			(1,577,564	)		—
Other non-current assets		276,641			9,030			(122,969	)		(142,912	)		19,790
Total assets	$	2,040,676		$	1,660,444		$	500,625		$	(1,497,801	)	$	2,703,944
Liabilities and Stockholders' Equity
Current liabilities	$	(234,133	)	$	118,863		$	45,922		$	205,542		$	136,194
Long-term debt		532,799			141,870			1,989			(135,988	)		540,670
Non-current portion of accrued reclamation		—			94,602			10,377			—			104,979
Non-current deferred tax liability		—			64,639			98,689			10,209			173,537
Other non-current liabilities		51,047			5,659			895			—			57,601
Stockholders' equity		1,690,963			1,234,811			342,753			(1,577,564	)		1,690,963
Total liabilities and stockholders' equity	$	2,040,676		$	1,660,444		$	500,625		$	(1,497,801	)	$	2,703,944

Condensed Income Statement [Table Text Block]

	Three Months Ended June 30, 2019
	Parent			Guarantors			Non-Guarantors			Eliminations			Consolidated
	(in thousands)
Revenues	$	1,292		$	76,213		$	56,667		$	—		$	134,172
Cost of sales		(257	)		(58,994	)		(45,687	)		—			(104,938	)
Depreciation, depletion, amortization		—			(29,068	)		(20,409	)		—			(49,477	)
General and administrative		(4,766	)		(3,738	)		(414	)		—			(8,918	)
Exploration and pre-development		(3	)		(2,097	)		(3,044	)		—			(5,144	)
Research and development		—			(153	)		(5	)		—			(158	)
Gain on derivative contracts		3,798			—			—			—			3,798
Acquisition costs		(163	)		(81	)		(153	)		—			(397	)
Equity in earnings of subsidiaries		(48,370	)		—			—			48,370			—
Other expense		1,939			(6,091	)		(20,058	)		(2,439	)		(26,649	)
Income (loss) before income taxes		(46,530	)		(24,009	)		(33,103	)		45,931			(57,711	)
(Provision) benefit from income taxes		(2	)		(2,859	)		11,601			2,439			11,179
Net income (loss)		(46,532	)		(26,868	)		(21,502	)		48,370			(46,532	)
Preferred stock dividends		(138	)		—			—			—			(138	)
Income (loss) applicable to common stockholders		(46,670	)		(26,868	)		(21,502	)		48,370			(46,670	)
Net income (loss)		(46,532	)		(26,868	)		(21,502	)		48,370			(46,532	)
Changes in comprehensive income (loss)		3,540			—			—			—			3,540
Comprehensive income (loss)	$	(42,992	)	$	(26,868	)	$	(21,502	)	$	48,370		$	(42,992	)

	Six Months Ended June 30, 2019
	Parent			Guarantors			Non-Guarantors			Eliminations			Consolidated
	(in thousands)
Revenues	$	(1,185	)	$	178,645		$	109,329		$	—		$	286,789
Cost of sales		(718	)		(125,863	)		(88,743	)		—			(215,324	)
Depreciation, depletion, amortization		—			(49,940	)		(38,324	)		—			(88,264	)
General and administrative		(9,159	)		(8,849	)		(869	)		—			(18,877	)
Exploration and pre-development		(19	)		(3,641	)		(6,742	)		—			(10,402	)
Research and development		—			(506	)		(55	)		—			(561	)
Loss on derivative contracts		1,999			—			—			—			1,999
Acquisition costs		(121	)		(136	)		(153	)		—			(410	)
Equity in earnings of subsidiaries		(70,803	)		—			—			70,803			—
Other expense		7,943			(11,821	)		(32,700	)		(8,832	)		(45,410	)
Income (loss) before income taxes		(72,063	)		(22,111	)		(58,257	)		61,971			(90,460	)
(Provision) benefit from income taxes		(2	)		(6,775	)		16,340			8,832			18,395
Net income (loss)		(72,065	)		(28,886	)		(41,917	)		70,803			(72,065	)
Preferred stock dividends		(276	)		—			—			—			(276	)
Income (loss) applicable to common stockholders		(72,341	)		(28,886	)		(41,917	)		70,803			(72,341	)
Net income (loss)		(72,065	)		(28,886	)		(41,917	)		70,803			(72,065	)
Changes in comprehensive income (loss)		7,799			—			—			—			7,799
Comprehensive income (loss)	$	(64,266	)	$	(28,886	)	$	(41,917	)	$	70,803		$	(64,266	)

	Three Months Ended June 30, 2018
	Parent			Guarantors			Non-Guarantors			Eliminations			Consolidated
	(in thousands)
Revenues	$	2,697		$	75,197		$	69,365		$	—		$	147,259
Cost of sales		(73	)		(37,489	)		(42,878	)		—			(80,440	)
Depreciation, depletion, amortization		—			(11,996	)		(19,821	)		—			(31,817	)
General and administrative		(4,615	)		(4,602	)		(570	)		—			(9,787	)
Exploration and pre-development		(72	)		(3,064	)		(6,117	)		—			(9,253	)
Research and development		—			(1,579	)		(758	)		—			(2,337	)
Gain on derivative contracts		16,804			—			—			—			16,804
Acquisition costs		(940	)		(68	)		(2	)		—			(1,010	)
Foreign exchange gain (loss)		(5,731	)		(74	)		8,281			—			2,476
Suspension costs		—			(6,801	)		—			—			(6,801	)
Equity in earnings of subsidiaries		5,745			—			—			(5,745	)		—
Other (expense) income		(1,741	)		(1,616	)		(5,522	)		(3,714	)		(12,593	)
Income (loss) before income taxes		12,074			7,908			1,978			(9,459	)		12,501
(Provision) benefit from income taxes		—			(3,715	)		(426	)		3,714			(427	)
Net income (loss)		12,074			4,193			1,552			(5,745	)		12,074
Preferred stock dividends		(138	)		—			—			—			(138	)
Income (loss) applicable to common stockholders		11,936			4,193			1,552			(5,745	)		11,936
Net income (loss)		12,074			4,193			1,552			(5,745	)		12,074
Changes in comprehensive income (loss)		(5,162	)		—			—			—			(5,162	)
Comprehensive income (loss)	$	6,912		$	4,193		$	1,552		$	(5,745	)	$	6,912

	Six Months Ended June 30, 2018
	Parent			Guarantors			Non-Guarantors			Eliminations			Consolidated
	(in thousands)
Revenues	$	3,312		$	145,408		$	138,248		$	—		$	286,968
Cost of sales		402			(72,190	)		(81,521	)		—			(153,309	)
Depreciation, depletion, amortization		—			(23,256	)		(36,615	)		—			(59,871	)
General and administrative		(8,448	)		(8,050	)		(1,024	)		—			(17,522	)
Exploration and pre-development		(127	)		(5,003	)		(12,488	)		—			(17,618	)
Research and development		—			(2,061	)		(1,712	)		—			(3,773	)
Loss on derivative contracts		20,811			—			—			—			20,811
Acquisition costs		(3,300	)		(68	)		(149	)		—			(3,517	)
Foreign exchange gain (loss)		(14,435	)		(74	)		19,577			—			5,068
Suspension costs		—			(11,818	)		—			—			(11,818	)
Equity in earnings of subsidiaries		23,513			—			—			(23,513	)		—
Other (expense) income		(1,414	)		(3,393	)		(9,901	)		(9,202	)		(23,910	)
Income (loss) before income taxes		20,314			19,495			14,415			(32,715	)		21,509
(Provision) benefit from income taxes		—			(9,203	)		(1,194	)		9,202			(1,195	)
Net income (loss)		20,314			10,292			13,221			(23,513	)		20,314
Preferred stock dividends		(276	)		—			—			—			(276	)
Income (loss) applicable to common stockholders		20,038			10,292			13,221			(23,513	)		20,038
Net income (loss)		20,314			10,292			13,221			(23,513	)		20,314
Changes in comprehensive income (loss)		(7,267	)		—			38			(38	)		(7,267	)
Comprehensive income (loss)	$	13,048		$	10,292		$	13,259		$	(23,551	)	$	13,048

Condensed Cash Flow Statement [Table Text Block]

	Six Months Ended June 30, 2019
	Parent			Guarantors			Non-Guarantors			Eliminations			Consolidated
	(in thousands)
Cash flows from operating activities	$	(168,393	)	$	2,714		$	12,414		$	137,550		$	8,713
Cash flows from investing activities:
Additions to properties, plants, and equipment		—			(52,144	)		(19,101	)					(71,245	)
Other investing activities, net		71,485			17			(99	)		(71,485	)		(82	)
Cash flows from financing activities:
Dividends paid to stockholders		(2,706	)		—			—						(2,706	)
Issuance of debt		170,000			—			—						170,000
Payments on debt		(118,000	)		(2,475	)		(902	)					(121,377	)
Other financing activity		41,363			20,906			2,106			(66,065	)		(1,690	)
Effect of exchange rate changes on cash		—			—			432						432
Changes in cash, cash equivalents and restricted cash and cash equivalents		(6,251	)		(6,554	)		(5,150	)		—			(17,955	)
Beginning cash, cash equivalents and restricted cash and cash equivalents		6,265			9,686			12,463						28,414
Ending cash, cash equivalents and restricted cash and cash equivalents	$	14		$	3,132		$	7,313		$	—		$	10,459

	Six Months Ended June 30, 2018
	Parent			Guarantors			Non-Guarantors			Eliminations			Consolidated
	(in thousands)
Cash flows from operating activities	$	27,981		$	60,805		$	2,166		$	(43,934	)	$	47,018
Cash flows from investing activities:
Additions to properties, plants, and equipment		—			(25,454	)		(17,850	)		—			(43,304	)
Other investing activities, net		6,294			44			420			21,359			28,117
Cash flows from financing activities:
Dividends paid to stockholders		(2,276	)		—			—			—			(2,276	)
Borrowings on debt		31,024			—			—			—			31,024
Payments on debt		—			(1,393	)		(2,369	)		—			(3,762	)
Other financing activity		(3,544	)		(40,658	)		18,930			22,575			(2,697	)
Effect of exchange rate changes on cash		—			—			(532	)		—			(532	)
Changes in cash, cash equivalents and restricted cash and cash equivalents		59,479			(6,656	)		765			—			53,588
Beginning cash, cash equivalents and restricted cash and cash equivalents		103,878			32,048			51,213			—			187,139
Ending cash, cash equivalents and restricted cash and cash equivalents	$	163,357		$	25,392		$	51,978		$	—		$	240,727