Note 13 - Guarantor Subsidiaries (Tables)

6 Months Ended

Jun. 30, 2020

Notes Tables

Condensed Balance Sheet [Table Text Block]

	As of June 30, 2020
	Parent			Guarantors			Non-Guarantors			Eliminations			Consolidated
	(in thousands)
Assets
Cash and cash equivalents	$	42,071		$	24,523		$	9,329		$	—		$	75,923
Other current assets		12,745			115,587			10,700			(74	)		138,958
Properties, plants, equipment and mineral interests, net		1,913			2,343,623			9,347			—			2,354,883
Intercompany receivable (payable)		(25,989	)		(559,649	)		221,658			363,980			—
Investments in subsidiaries		1,643,530			—			—			(1,643,530	)		—
Other non-current assets		277,344			24,666			(120,211	)		(148,155	)		33,644
Total assets	$	1,951,614		$	1,948,750		$	130,823		$	(1,427,779	)	$	2,603,408
Liabilities and Stockholders' Equity
Current liabilities	$	(284,257	)	$	150,204		$	3,987		$	245,702		$	115,636
Long-term debt		518,252			15,848			288			—			534,388
Non-current portion of accrued reclamation		—			93,160			6,289			—			99,449
Non-current deferred tax liability		—			158,628			—			(29,951	)		128,677
Other non-current liabilities		58,926			6,673			966			—			66,565
Stockholders' equity		1,658,693			1,524,237			119,293			(1,643,530	)		1,658,693
Total liabilities and stockholders' equity	$	1,951,614		$	1,948,750		$	130,823		$	(1,427,779	)	$	2,603,408

	As of December 31, 2019
	Parent			Guarantors			Non-Guarantors			Eliminations			Consolidated
	(in thousands)
Assets
Cash and cash equivalents	$	33,750		$	15,357		$	13,345		$	—		$	62,452
Other current assets		9,725			89,722			17,299			(74	)		116,672
Properties, plants, equipment and mineral interests - net		1,913			2,410,458			11,327			—			2,423,698
Intercompany receivable (payable)		(28,381	)		(579,830	)		216,632			391,579			—
Investments in subsidiaries		1,636,802			—			—			(1,636,802	)		—
Other non-current assets		289,422			24,325			(121,981	)		(157,280	)		34,486
Total assets	$	1,943,231		$	1,960,032		$	136,622		$	(1,402,577	)	$	2,637,308
Liabilities and Stockholders' Equity
Current liabilities	$	(309,293	)	$	155,441		$	8,334		$	262,492		$	116,974
Long-term debt		504,729			17,271			761			—			522,761
Non-current portion of accrued reclamation		—			96,389			7,404			—			103,793
Non-current deferred tax liability		—			166,549			—			(28,267	)		138,282
Other non-current liabilities		55,372			6,577			1,126			—			63,075
Stockholders' equity		1,692,423			1,517,805			118,997			(1,636,802	)		1,692,423
Total liabilities and stockholders' equity	$	1,943,231		$	1,960,032		$	136,622		$	(1,402,577	)	$	2,637,308

Condensed Income Statement [Table Text Block]

	Three Months Ended June 30, 2020
	Parent			Guarantors			Non-Guarantors			Eliminations			Consolidated
	(in thousands)
Revenues	$	(4,998	)	$	166,420		$	4,933		$	—		$	166,355
Cost of sales		(1,044	)		(88,705	)		(3,104	)		—			(92,853	)
Depreciation, depletion, amortization		—			(38,528	)		(895	)		—			(39,423	)
General and administrative		(1,641	)		(4,789	)		(549	)		—			(6,979	)
Exploration and pre-development		(11	)		(1,745	)		(769	)		—			(2,525	)
Gain on derivative contracts		(14,002	)		—			—			—			(14,002	)
Acquisition costs		(6	)		—			—			—			(6	)
Equity in earnings of subsidiaries		(4,601	)		—			—			4,601			—
Other expense		12,312			(31,301	)		2,325			(7,305	)		(23,969	)
Income (loss) before income taxes		(13,991	)		1,352			1,941			(2,704	)		(13,402	)
(Provision) benefit from income taxes		(37	)		(7,657	)		(237	)		7,305			(626	)
Net income (loss)		(14,028	)		(6,305	)		1,704			4,601			(14,028	)
Preferred stock dividends		(138	)		—			—			—			(138	)
Income (loss) applicable to common stockholders		(14,166	)		(6,305	)		1,704			4,601			(14,166	)
Net income (loss)		(14,028	)		(6,305	)		1,704			4,601			(14,028	)
Changes in comprehensive income (loss)		10,384			—			—			—			10,384
Comprehensive income (loss)	$	(3,644	)	$	(6,305	)	$	1,704		$	4,601		$	(3,644	)

	Six Months Ended June 30, 2020
	Parent			Guarantors			Non-Guarantors			Eliminations			Consolidated
	(in thousands)
Revenues	$	(3,319	)	$	291,736		$	14,863		$	—		$	303,280
Cost of sales		(1,328	)		(167,456	)		(9,956	)		—			(178,740	)
Depreciation, depletion, amortization		—			(76,721	)		(2,368	)		—			(79,089	)
General and administrative		(4,804	)		(10,128	)		(986	)		—			(15,918	)
Exploration and pre-development		(23	)		(3,800	)		(1,767	)		—			(5,590	)
Loss on derivative contracts		(6,109	)		—			—			—			(6,109	)
Acquisition costs		(11	)		—			—			—			(11	)
Equity in earnings of subsidiaries		6,729			—			—			(6,729	)		—
Other expense		(22,311	)		(20,597	)		1,584			(8,148	)		(49,472	)
Income (loss) before income taxes		(31,176	)		13,034			1,370			(14,877	)		(31,649	)
(Provision) benefit from income taxes		(37	)		(6,601	)		(1,074	)		8,148			436
Net income (loss)		(31,213	)		6,433			296			(6,729	)		(31,213	)
Preferred stock dividends		(276	)		—			—			—			(276	)
Income (loss) applicable to common stockholders		(31,489	)		6,433			296			(6,729	)		(31,489	)
Net income (loss)		(31,213	)		6,433			296			(6,729	)		(31,213	)
Changes in comprehensive income (loss)		(8,951	)		—			—			—			(8,951	)
Comprehensive income (loss)	$	(40,164	)	$	6,433		$	296		$	(6,729	)	$	(40,164	)

	Three Months Ended June 30, 2019
	Parent			Guarantors			Non-Guarantors			Eliminations			Consolidated
	(in thousands)
Revenues	$	1,292		$	121,846		$	11,034		$	—		$	134,172
Cost of sales		(257	)		(95,235	)		(9,446	)		—			(104,938	)
Depreciation, depletion, amortization		—			(47,629	)		(1,848	)		—			(49,477	)
General and administrative		(4,766	)		(3,738	)		(414	)		—			(8,918	)
Exploration and pre-development		(3	)		(3,268	)		(1,873	)		—			(5,144	)
Research and development		—			(155	)		(3	)		—			(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) income		1,939			(26,675	)		525			(2,438	)		(26,649	)
Income (loss) before income taxes		(46,530	)		(54,935	)		(2,178	)		45,932			(57,711	)
(Provision) benefit from income taxes		(2	)		2,558			6,184			2,439			11,179
Net income (loss)		(46,532	)		(52,377	)		4,006			48,371			(46,532	)
Preferred stock dividends		(138	)		—			—			—			(138	)
Income (loss) applicable to common stockholders		(46,670	)		(52,377	)		4,006			48,371			(46,670	)
Net income (loss)		(46,532	)		(52,377	)		4,006			48,371			(46,532	)
Changes in comprehensive income (loss)		3,540			—			—			—			3,540
Comprehensive income (loss)	$	(42,992	)	$	(52,377	)	$	4,006		$	48,371		$	(42,992	)

	Six Months Ended June 30, 2019
	Parent			Guarantors			Non-Guarantors			Eliminations			Consolidated
	(in thousands)
Revenues	$	(1,185	)	$	264,340		$	23,634		$	—		$	286,789
Cost of sales		(718	)		(194,568	)		(20,038	)		—			(215,324	)
Depreciation, depletion, amortization		—			(84,656	)		(3,608	)		—			(88,264	)
General and administrative		(9,159	)		(8,849	)		(869	)		—			(18,877	)
Exploration and pre-development		(19	)		(6,330	)		(4,053	)		—			(10,402	)
Research and development		—			(558	)		(3	)		—			(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) income		7,943			(46,453	)		1,932			(8,832	)		(45,410	)
Income (loss) before income taxes		(72,063	)		(77,210	)		(3,158	)		61,971			(90,460	)
(Provision) benefit from income taxes		(2	)		2,496			7,069			8,832			18,395
Net income (loss)		(72,065	)		(74,714	)		3,911			70,803			(72,065	)
Preferred stock dividends		(276	)		—			—			—			(276	)
Income (loss) applicable to common stockholders		(72,341	)		(74,714	)		3,911			70,803			(72,341	)
Net income (loss)		(72,065	)		(74,714	)		3,911			70,803			(72,065	)
Changes in comprehensive income (loss)		7,799			—			—			—			7,799
Comprehensive income (loss)	$	(64,266	)	$	(74,714	)	$	3,911		$	70,803		$	(64,266	)

Condensed Cash Flow Statement [Table Text Block]

	Six Months Ended June 30, 2020
	Parent			Guarantors			Non-Guarantors			Eliminations			Consolidated
	(in thousands)
Cash flows from operating activities	$	(8,252	)	$	77,161		$	6,188		$	(32,644	)	$	42,453
Cash flows from investing activities:
Additions to properties, plants, and equipment		—			(30,385	)		(304	)		—			(30,689	)
Other investing activities, net		(6,728	)		156			(593	)		6,728			(437	)
Cash flows from financing activities:
Dividends paid to stockholders		(2,898	)		—			—			—			(2,898	)
Issuance of debt		679,500			—			—			—			679,500
Payments on debt		(666,500	)		(2,840	)		—			—			(669,340	)
Other financing activity		13,199			(34,040	)		(8,371	)		25,916			(3,296	)
Effect of exchange rate changes on cash		—			(858	)		(936	)		—			(1,794	)
Changes in cash, cash equivalents and restricted cash and cash equivalents		8,321			9,194			(4,016	)		—			13,499
Beginning cash, cash equivalents and restricted cash and cash equivalents		33,750			16,382			13,345			—			63,477
Ending cash, cash equivalents and restricted cash and cash equivalents	$	42,071		$	25,576		$	9,329		$	—		$	76,976

	Six Months Ended June 30, 2019
	Parent			Guarantors			Non-Guarantors			Eliminations			Consolidated
	(in thousands)
Cash flows from operating activities	$	(168,393	)	$	13,738		$	25,818		$	137,550		$	8,713
Cash flows from investing activities:
Additions to properties, plants, and equipment		—			(64,800	)		(6,445	)					(71,245	)
Other investing activities, net		71,485			(82	)		—			(71,485	)		(82	)
Cash flows from financing activities:
Dividends paid to stockholders		(2,706	)		—			—						(2,706	)
Borrowings on debt		170,000			—			—						170,000
Payments on debt		(118,000	)		2,858			(6,235	)					(121,377	)
Other financing activity		41,363			37,620			(14,608	)		(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	)		(10,234	)		(1,470	)		—			(17,955	)
Beginning cash, cash equivalents and restricted cash and cash equivalents		6,265			18,259			3,890			—			28,414
Ending cash, cash equivalents and restricted cash and cash equivalents	$	14		$	8,025		$	2,420		$	—		$	10,459