XML 26 R5.htm IDEA: XBRL DOCUMENT v3.20.1
Condensed Consolidated Statements of Cash Flows (Unaudited) - USD ($)
$ in Thousands
3 Months Ended
Mar. 31, 2020
Mar. 31, 2019
Operating activities:    
Net loss $ (17,185) $ (25,533)
Non-cash elements included in net loss:    
Depreciation, depletion and amortization 41,630 40,267
Unrealized loss (gain) on investments 978 (96)
Adjustment of inventory to market value 0 1,399
Gain on disposition of properties, plants, equipment, and mineral interests (104) 0
Provision for reclamation and closure costs 1,548 1,594
Stock compensation 1,219 1,580
Deferred income taxes (3,252) (8,293)
Amortization of loan origination fees and loss on extinguishment of debt 2,140 625
(Gain) loss on derivative contracts (10,437) 3,686
Foreign exchange (gain) loss (8,066) 5,550
Other non-cash items, net 0 2
Change in assets and liabilities:    
Accounts receivable 9,955 (5,063)
Inventories (6,602) 3,171
Other current and non-current assets (2,642) 1,124
Accounts payable and accrued liabilities (11,879) (9,496)
Accrued payroll and related benefits 9,495 7,212
Accrued taxes 1,332 1,237
Accrued reclamation and closure costs and other non-current liabilities (3,203) 1,064
Cash provided by operating activities 4,927 20,030
Investing activities:    
Additions to properties, plants, equipment and mineral interests (19,870) (33,071)
Proceeds from disposition of properties, plants and equipment 154 1
Net cash used in investing activities (19,716) (33,070)
Financing activities:    
Dividends paid to common stockholders (1,304) (1,209)
Dividends paid to preferred stockholders (138) (138)
Credit facility fees paid (458) (39)
Borrowings on debt 679,500 58,000
Repayments of debt (506,500) (58,000)
Repayments of finance leases (1,284) (1,261)
Net cash provided by (used in) financing activities 169,816 (2,647)
Effect of exchange rates on cash (1,736) 95
Net increase (decrease) in cash, cash equivalents and restricted cash and cash equivalents 153,291 (15,592)
Cash, cash equivalents and restricted cash and cash equivalents at beginning of period 63,477 28,414
Cash, cash equivalents and restricted cash and cash equivalents at end of period 216,768 12,822
Supplemental disclosure of cash flow information:    
Cash paid for interest 13,984 672
Significant non-cash investing and financing activities:    
Addition of finance lease obligations and right-of-use assets 0 3,498
Recognition of operating lease liabilities and right-of-use assets $ 0 $ 22,365