| Schedule of discontinued operations in company's condensed consolidated financial statements |
Results of discontinued operations for the years ended December 31, 2021, 2020, and 2019 are as follows (in thousands): | | | | | | | | | | | | For the year ended December 31, | | | 2021 | | 2020 | | 2019 | | | | | Sales, net | | $ | - | | $ | 53,967 | | $ | 15,065 | Mine cost of sales | | | - | | | 37,784 | | | 14,582 | Mine gross profit | | | - | | | 16,183 | | | 483 | Exploration expenses | | | - | | | 2,649 | | | 932 | Other expense, net | | | - | | | 838 | | | 168 | Profit (loss) before income taxes | | | - | | | 12,696 | | | (617) | Income tax expense (benefit) | | | - | | | 2,006 | | | (917) | Net income from discontinued operations | | $ | - | | $ | 10,690 | | $ | 300 |
Selected Statements of Cash Flows presenting depreciation and amortization, capital expenditures, sale proceeds and significant operating noncash items of FGC were as follows: | | | | | | | | | | | | | | For the year ended December 31, | | | | 2021 | | 2020 | | 2019 | | | | | | | | | | | | Cash flows from discontinued operating activities: | | | | | | | | | | | Net income | | | $ | - | | $ | 10,690 | | $ | 300 | Adjustments to reconcile net income to net cash from discontinued operating activities: | | | | | | | | | | | Deferred income benefit | | | | - | | | (224) | | | (917) | Depreciation and amortization | | | | - | | | 10,377 | | | 4,022 | Other operating adjustments | | | | - | | | 48 | | | 17 | Changes in operating assets and liabilities: | | | | | | | | | | | Accounts receivable | | | | - | | | (145) | | | - | Inventories | | | | - | | | (2,300) | | | (6,490) | Prepaid expenses and other current assets | | | | - | | | (1,670) | | | 346 | Other non-current assets | | | | - | | | (2,085) | | | (3,600) | Accounts payable and other accrued liabilities | | | | - | | | (1,707) | | | 3,617 | Mining royalty and income taxes payable, net | | | | - | | | 1,200 | | | - | Net cash provided by (used in) discontinued operating activities | | | | - | | | 14,184 | | | (2,705) | | | | | | | | | | | | Cash flows from discontinued investing activities: | | | | | | | | | | | Capital expenditures | | | | - | | | (6,488) | | | (22,538) | Net cash used in discontinued investing activities | | | | - | | | (6,488) | | | (22,538) | | | | | | | | | | | | Cash flows from discontinued financing activities: | | | | | | | | | | | Other financing activities | | | | - | | | (452) | | | (2,019) | Net cash provided used in discontinued financing activities | | | | - | | | (452) | | | (2,019) | | | | | | | | | | | | | | | | | | | | | | | Supplemental Cash Flow Information Discontinued Operations | | | | | | | | | | | Non-cash investing activities: | | | | | | | | | | | Change in capital expenditures in accounts payable | | | $ | - | | $ | (1,544) | | $ | (1,174) | Change in estimate for asset retirement costs | | | $ | - | | $ | 1,159 | | $ | 1,726 |
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