SSRM FY 2011 Earnings Report — SSR Mining Inc. Revenue & Financial Results | Market Cap Arena

SSR Mining Inc.SSRM

FY 2011 Earnings

Reported March 30, 2012

Quarter Comparison

Revenue

Operating Income

Gross Margin

Net Margin

EPS (Diluted)

Free Cash Flow

Metric	FY 2011	Prior Q	FY 2010	QoQ Change	YoY Change
Revenue	$148M	—	$112M	—	31.7%
Op. Income	$23M	—	-$17M	—	231.5%
Gross Margin	35.1%	—	8.9%	—	26.2pp
Net Margin	54.2%	—	301.5%	—	-247.3pp
EPS (Diluted)	$0.99	—	$4.32	—	-77.1%
Free Cash Flow	-$60M	—	-$115M	—	47.9%

Revenue Flow

Item	Amount
REVENUE	$148M
Cost of Revenue	$96M
GROSS PROFIT	$52M
R&D Expenses	$6M
Selling & Marketing	$1M
General & Administrative	$22M
SG&A Expenses	$23M
Other Expenses	$286.0K
Operating Expenses	$29M
Cost & Expenses	$125M
OPERATING INCOME	$23M
Interest Income	$2M
Interest Expense	$17M
Other Income/Expenses	$89M
INCOME BEFORE TAX	$112M
Income Tax Expense	$31M
Net Income from Continuing Ops	$80M
Net Income from Discontinued Ops	$0
Other Adjustments	$0
NET INCOME	$80M
Net Income Deductions	$0
BOTTOM LINE NET INCOME	$80M
D&A	$17M
EBIT	$118M
EBITDA	$148M
EPS	$1
EPS Diluted	$1

Income Statement

Item	Amount
REVENUE	$148M
Cost of Revenue	$96M
GROSS PROFIT	$52M
R&D Expenses	$6M
Selling & Marketing	$1M
General & Administrative	$22M
SG&A Expenses	$23M
Other Expenses	$286.0K
Operating Expenses	$29M
Cost & Expenses	$125M
OPERATING INCOME	$23M
Interest Income	$2M
Interest Expense	$17M
Other Income/Expenses	$89M
INCOME BEFORE TAX	$112M
Income Tax Expense	$31M
Net Income from Continuing Ops	$80M
Net Income from Discontinued Ops	$0
Other Adjustments	$0
NET INCOME	$80M
Net Income Deductions	$0
BOTTOM LINE NET INCOME	$80M
D&A	$17M
EBIT	$118M
EBITDA	$148M
EPS	$1
EPS Diluted	$1

Cash Flow Statement

Item	Amount
Net Income	$80M
Depreciation & Amortization	$16M
Stock-Based Compensation	$5M
Deferred Income Tax	-$5M
Other Non-Cash Items	-$89M
Change in Working Capital	-$2M
OPERATING CASH FLOW	$6M
Capital Expenditure	-$65M
Acquisitions (Net)	$94M
Purchases of Investments	$0
Sales/Maturities of Investments	$0
Other Investing Activities	$42M
NET CASH FROM INVESTING	$71M
Net Debt Issuance	$0
Common Stock Repurchased	$0
Common Dividends Paid	$0
Other Financing Activities	$20M
NET CASH FROM FINANCING	$20M
FREE CASH FLOW	-$60M
Net Change in Cash	$97M

Balance Sheet

Item	Amount
Cash & Equivalents	$95M
Short-Term Investments	$34M
Net Receivables	$13M
Inventory	$95M
Other Current Assets	$0
TOTAL CURRENT ASSETS	$477M
PP&E (Net)	$544M
Goodwill	$0
Intangible Assets	$13M
Long-Term Investments	$136M
Tax Assets	$22M
Other Non-Current Assets	$97M
TOTAL NON-CURRENT ASSETS	$799M
TOTAL ASSETS	$1.3B
Account Payables	$13M
Short-Term Debt	$0
Deferred Revenue	$0
Other Current Liabilities	$8M
TOTAL CURRENT LIABILITIES	$78M
Long-Term Debt	$125M
Deferred Revenue NC	$0
Deferred Tax Liabilities	$41M
Other Non-Current Liabilities	$48M
TOTAL NON-CURRENT LIABILITIES	$215M
TOTAL LIABILITIES	$292M
Common Stock	$706M
Additional Paid-In Capital	$706M
Retained Earnings	$272M
Treasury Stock	$0
Accum. Other Comp. Income	$35M
Other Equity	-$734M
TOTAL STOCKHOLDERS' EQUITY	$984M
Minority Interest	$0
TOTAL EQUITY	$984M
TOTAL LIABILITIES & EQUITY	$1.3B
Total Debt	$125M
Net Debt	-$204M