The accompanying notes are an integral part of the consolidated financial statements. December 31, 2012 2011 ASSETS Current assets:  Cash and cash equivalents $ 190,984 $ 266,463 Accounts receivable:  Trade 17,555 10,996 Other, net 7,466 9,313 Inventories:  Concentrates, doré, stockpiled ore, and metals in transit and in-process  15,073  13,692  Materials and supplies 13,564 12,503 Current deferred income taxes 29,398 27,810 Other current assets 8,858  21,967 Total current assets 282,898 362,744 Non-current investments 9,614 3,923 Non-current restricted cash and investments 871  866 Properties, plants, equipment and mineral interests, net  996,659  923,212  Non-current deferred income taxes 86,365 88,028 Other non-current assets 1,883  17,317  Total assets $ 1,378,290  $ 1,396,090 LIABILITIES Current liabilities:  Accounts payable and accrued liabilities  $  43,162  $  37,831 Accrued payroll and related benefits  10,760  12,878 Accrued taxes 12,321 10,354 Current portion of capital leases  5,564  4,005 Current portion of accrued reclamation and closure costs  19,845  42,248 Other current liabilities 3,335  — Total current liabilities 94,987 107,316 Long-term capital leases 11,935 6,265 Accrued reclamation and closure costs  93,370  111,563 Other non-current liabilities 40,047  30,833  Total liabilities 240,339  255,977 Commitments and contingencies (Notes 2, 3, 4, 6, 7, 8, and 10)  SHAREHOLDERS’ EQUITY Preferred stock, 5,000,000 shares authorized:  Series B preferred stock, $0.25 par value, 157,816 shares issued and outstanding, liquidation preference – $7,891 39  39 Common stock, $0.25 par value, authorized 500,000,000 shares; issued and outstanding 2012 – 285,209,848 shares and 2011 – 285,289,924 shares  71,499  71,420 Capital surplus 1,218,283 1,215,229 Accumulated deficit (123,288) (120,557) Accumulated other comprehensive loss, net  (23,918)  (23,498) Less treasury stock, at cost; 2012 – 788,288 shares and 2011 – 392,645 shares (4,664)  (2,520) Total shareholders’ equity  1,137,951  1,140,113 Total liabilities and shareholders’ equity  $ 1,378,290  $ 1,396,090 (In thousands, except share and per share data) [ HL:10-K ] F-3 HECLA MINING COMPANY AND SUBSIDIARIES  CONSOLIDATED BALANCE SHEETS