Note 13 - Guarantor Subsidiaries (Tables)

9 Months Ended

Sep. 30, 2020

Notes Tables

Condensed Balance Sheet [Table Text Block]

	As of September 30, 2020
	Parent			Guarantors			Non- Guarantors			Eliminations			Consolidated
	(in thousands)
Assets
Cash and cash equivalents	$	54,986		$	27,180		$	16,503		$	—		$	98,669
Other current assets		7,670			121,535			7,356			(74	)		136,487
Properties, plants, equipment and mineral interests - net		1,913			2,331,450			8,675			—			2,342,038
Intercompany receivable (payable)		(46,498	)		(508,931	)		216,536			338,893			—
Investments in subsidiaries		1,665,459			—			—			(1,665,459	)		—
Other non-current assets		286,403			25,194			(117,489	)		(156,152	)		37,956
Total assets	$	1,969,933		$	1,996,428		$	131,581		$	(1,482,792	)	$	2,615,150
Liabilities and Shareholders' Equity
Current liabilities	$	(268,234	)	$	175,677		$	1,206		$	216,742		$	125,391
Long-term debt		495,839			16,000			238			—			512,077
Non-current portion of accrued reclamation		—			93,530			6,542			—			100,072
Non-current deferred tax liability		—			163,581			—			(34,075	)		129,506
Other non-current liabilities		48,680			4,737			1,039			—			54,456
Shareholders' equity		1,693,648			1,542,903			122,556			(1,665,459	)		1,693,648
Total liabilities and shareholders' equity	$	1,969,933		$	1,996,428		$	131,581		$	(1,482,792	)	$	2,615,150

	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 Shareholders' 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
Shareholders' equity		1,692,423			1,517,805			118,997			(1,636,802	)		1,692,423
Total liabilities and shareholders' equity	$	1,943,231		$	1,960,032		$	136,622		$	(1,402,577	)	$	2,637,308

Condensed Income Statement [Table Text Block]

	Three Months Ended September 30, 2020
	Parent			Guarantors			Non-Guarantors			Eliminations			Consolidated
	(in thousands)
Revenues	$	(9,558	)	$	200,124		$	9,137		$	—		$	199,703
Cost of sales		(1,268	)		(99,530	)		(5,179	)		—			(105,977	)
Depreciation, depletion, amortization		—			(39,457	)		(781	)		—			(40,238	)
General and administrative		(4,716	)		(6,688	)		(309	)		—			(11,713	)
Exploration and pre-development		(2	)		(2,977	)		(1,187	)		—			(4,166	)
Loss on derivative contracts		(6,666	)		—			—			—			(6,666	)
Acquisition costs		(2	)		—			—			—			(2	)
Equity in earnings of subsidiaries		21,895			—			—			(21,895	)		—
Other (expense) income		14,066			(19,594	)		2,298			(12,450	)		(15,680	)
Income (loss) before income taxes		13,749			31,878			3,979			(34,345	)		15,261
(Provision) benefit from income taxes		(121	)		(13,211	)		(751	)		12,450			(1,633	)
Net income (loss)		13,628			18,667			3,228			(21,895	)		13,628
Preferred stock dividends		(138	)		—			—			—			(138	)
Income (loss) applicable to common shareholders		13,490			18,667			3,228			(21,895	)		13,490
Net income (loss)		13,628			18,667			3,228			(21,895	)		13,628
Changes in comprehensive income (loss)		6,150			—			—			—			6,150
Comprehensive income (loss)	$	19,778		$	18,667		$	3,228		$	(21,895	)	$	19,778

	Nine Months Ended September 30, 2020
	Parent			Guarantors			Non-Guarantors			Eliminations			Consolidated
	(in thousands)
Revenues	$	(12,877	)	$	491,860		$	24,000		$	—		$	502,983
Cost of sales		(2,596	)		(266,986	)		(15,135	)		—			(284,717	)
Depreciation, depletion, amortization		—			(116,178	)		(3,149	)		—			(119,327	)
General and administrative		(9,520	)		(16,816	)		(1,295	)		—			(27,631	)
Exploration and pre-development		(25	)		(6,777	)		(2,954	)		—			(9,756	)
Loss on derivative contracts		(12,775	)		—			—			—			(12,775	)
Acquisition costs		(13	)		—			—			—			(13	)
Equity in earnings of subsidiaries		28,624			—			—			(28,624	)		—
Other (expense) income		(8,245	)		(40,191	)		3,882			(20,598	)		(65,152	)
Income (loss) before income taxes		(17,427	)		44,912			5,349			(49,222	)		(16,388	)
(Provision) benefit from income taxes		(158	)		(19,812	)		(1,825	)		20,598			(1,197	)
Net income (loss)		(17,585	)		25,100			3,524			(28,624	)		(17,585	)
Preferred stock dividends		(414	)		—			—			—			(414	)
Income (loss) applicable to common shareholders		(17,999	)		25,100			3,524			(28,624	)		(17,999	)
Net income (loss)		(17,585	)		25,100			3,524			(28,624	)		(17,585	)
Changes in comprehensive income (loss)		(2,801	)		—			—			—			(2,801	)
Comprehensive income (loss)	$	(20,386	)	$	25,100		$	3,524		$	(28,624	)	$	(20,386	)

	Three Months Ended September 30, 2019
	Parent			Guarantors			Non- Guarantors			Eliminations			Consolidated
	(in thousands)
Revenues	$	1,049		$	144,999		$	15,484		$	—		$	161,532
Cost of sales		(472	)		(85,829	)		(9,577	)		—			(95,878	)
Depreciation, depletion, amortization		—			(47,448	)		(3,326	)		—			(50,774	)
General and administrative		(2,951	)		(4,722	)		(305	)		—			(7,978	)
Exploration and pre-development		(3	)		(4,315	)		(1,371	)		—			(5,689	)
Research and development		—			37			(90	)		—			(53	)
Gain on derivative contracts		(4,718	)		—			—			—			(4,718	)
Acquisition costs		(100	)		(83	)		—			—			(183	)
Equity in earnings of subsidiaries		(6,761	)		—			—			6,761			—
Other expense		(5,560	)		(8,523	)		451			(3,757	)		(17,389	)
Income (loss) before income taxes		(19,516	)		(5,884	)		1,266			3,004			(21,130	)
(Provision) benefit from income taxes		—			(625	)		(1,518	)		3,757			1,614
Net income (loss)		(19,516	)		(6,509	)		(252	)		6,761			(19,516	)
Preferred stock dividends		(138	)		—			—			—			(138	)
Income (loss) applicable to common shareholders		(19,654	)		(6,509	)		(252	)		6,761			(19,654	)
Net income (loss)		(19,516	)		(6,509	)		(252	)		6,761			(19,516	)
Changes in comprehensive income (loss)		(3,288	)		—			—			—			(3,288	)
Comprehensive income (loss)	$	(22,804	)	$	(6,509	)	$	(252	)	$	6,761		$	(22,804	)

	Nine Months Ended September 30, 2019
	Parent			Guarantors			Non- Guarantors			Eliminations			Consolidated
	(in thousands)
Revenues	$	(136	)	$	409,339		$	39,118		$	—		$	448,321
Cost of sales		(1,190	)		(280,397	)		(29,615	)		—			(311,202	)
Depreciation, depletion, amortization		—			(132,104	)		(6,934	)		—			(139,038	)
General and administrative		(12,110	)		(13,571	)		(1,174	)		—			(26,855	)
Exploration and pre-development		(22	)		(10,645	)		(5,424	)		—			(16,091	)
Research and development		—			(521	)		(93	)		—			(614	)
Gain/(loss) on derivative contracts		(2,719	)		—			—			—			(2,719	)
Acquisition costs		(221	)		(219	)		(153	)		—			(593	)
Equity in earnings of subsidiaries		(77,563	)		—			—			77,563			—
Other (expense) income		2,382			(54,975	)		2,383			(12,589	)		(62,799	)
Income (loss) before income taxes		(91,579	)		(83,093	)		(1,892	)		64,974			(111,590	)
(Provision) benefit from income taxes		(2	)		6,864			558			12,589			20,009
Net income (loss)		(91,581	)		(76,229	)		(1,334	)		77,563			(91,581	)
Preferred stock dividends		(414	)		—			—			—			(414	)
Income (loss) applicable to common shareholders		(91,995	)		(76,229	)		(1,334	)		77,563			(91,995	)
Net income (loss)		(91,581	)		(76,229	)		(1,334	)		77,563			(91,581	)
Changes in comprehensive income (loss)		4,511			—			—			—			4,511
Comprehensive income (loss)	$	(87,070	)	$	(76,229	)	$	(1,334	)	$	77,563		$	(87,070	)

Condensed Cash Flow Statement [Table Text Block]

	Nine Months Ended September 30, 2020
	Parent			Guarantors			Non-Guarantors			Eliminations			Consolidated
	(in thousands)
Cash flows from operating activities	$	47,945		$	144,109		$	23,494		$	(99,656	)	$	115,892
Cash flows from investing activities:
Additions to properties, plants, equipment and mineral interests		—			(53,846	)		(536	)		—			(54,382	)
Other investing activities, net		(28,657	)		262			(1,617	)		28,656			(1,356	)
Cash flows from financing activities:
Dividends paid to shareholders		(4,365	)		—			—			—			(4,365	)
Borrowings on debt		707,107			—			—			—			707,107
Payments on debt		(716,500	)		(4,246	)		—			—			(720,746	)
Other financing activity, net		15,706			(73,632	)		(17,106	)		71,000			(4,032	)
Effect of exchange rates on cash		—			(796	)		(1,077	)		—			(1,873	)
Changes in cash, cash equivalents and restricted cash and cash equivalents		21,236			11,851			3,158			—			36,245
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	$	54,986		$	28,233		$	16,503		$	—		$	99,722

	Nine Months Ended September 30, 2019
	Parent			Guarantors			Non- Guarantors			Eliminations			Consolidated
	(in thousands)
Cash flows from operating activities	$	(140,110	)	$	92,042		$	(15,242	)	$	126,919		$	63,609
Cash flows from investing activities:
Additions to properties, plants, equipment and mineral interests		—			(56,329	)		(41,009	)		—			(97,338	)
Acquisitions of other companies, net of cash acquired		—						—			—			—
Other investing activities, net		72,128			42			1,415			(72,128	)		1,457
Cash flows from financing activities:
Dividends paid to shareholders		(4,070	)		—			—			—			(4,070	)
Borrowings on debt		245,000			—			—			—			245,000
Payments on debt		(195,000	)		(4,965	)		(519	)		—			(200,484	)
Other financing activity, net		34,769			(38,672	)		55,869			(54,791	)		(2,825	)
Effect of exchange rates on cash		—			257			—			—			257
Changes in cash, cash equivalents and restricted cash and cash equivalents		12,717			(7,625	)		514			—			5,606
Beginning cash, cash equivalents and restricted cash and cash equivalents		6,266			18,258			3,890			—			28,414
Ending cash, cash equivalents and restricted cash and cash equivalents	$	18,983		$	10,633		$	4,404		$	—		$	34,020