10-K
Annual Report
ALPHA METALLURGICAL RESOURCES, INC.
AMR
NYSE
CIK: 1704715
File #: 001-38735
Balance Sheet
47 line items · 2 periods
XBRL
| Item | Dec 31, 2023 | Dec 31, 2022 |
|---|---|---|
Assets | ||
Current assets: | ||
Cash and cash equivalents | 268,207,000 | 301,906,000 |
Short-term investments | 0 | 46,052,000 |
Trade accounts receivable, net of allowance for credit losses of $234 and $239 as of December 31, 2023 and 2022, respectively | 509,682,000 | 407,210,000 |
Inventories, net | 231,344,000 | 200,574,000 |
Short-term deposits | 32,000 | 84,748,000 |
Short-term restricted cash | 0 | 24,547,000 |
Prepaid expenses and other current assets | 39,032,000 | 49,384,000 |
Total current assets | 1,048,297,000 | 1,114,421,000 |
Property, plant, and equipment, net of accumulated depreciation and amortization of $558,905 and $491,186 as of December 31, 2023 and 2022, respectively | 588,992,000 | 442,645,000 |
Owned and leased mineral rights, net of accumulated depletion and amortization of $99,826 and $77,333 as of December 31, 2023 and 2022, respectively | 451,160,000 | 451,062,000 |
Other acquired intangibles, net of accumulated amortization of $38,543 and $53,719 as of December 31, 2023 and 2022, respectively | 46,579,000 | 55,102,000 |
Long-term restricted investments | 40,597,000 | 105,735,000 |
Long-term restricted cash | 115,918,000 | 28,941,000 |
Deferred income taxes | 8,028,000 | 11,378,000 |
Other non-current assets | 106,486,000 | 103,195,000 |
Total assets | 2,406,057,000 | 2,312,479,000 |
Liabilities and Stockholders’ Equity | ||
Current liabilities: | ||
Current portion of long-term debt | 3,582,000 | 3,078,000 |
Trade accounts payable | 128,836,000 | 106,037,000 |
Acquisition-related obligations - current | 0 | 28,254,000 |
Accrued expenses and other current liabilities | 177,512,000 | 265,256,000 |
Total current liabilities | 309,930,000 | 402,625,000 |
Long-term debt | 6,792,000 | 7,897,000 |
Workers’ compensation and black lung obligations | 189,226,000 | 188,247,000 |
Pension obligations | 101,908,000 | 110,836,000 |
Asset retirement obligations | 166,509,000 | 142,048,000 |
Deferred income taxes | 39,142,000 | 10,874,000 |
Other non-current liabilities | 18,622,000 | 20,197,000 |
Total liabilities | 832,129,000 | 882,724,000 |
Stockholders’ Equity | ||
Preferred stock - par value $0.01, 5,000,000 shares authorized, none issued | 0 | 0 |
Common stock - par value $0.01, 50,000,000 shares authorized, 22,058,135 issued and 12,938,679 outstanding at December 31, 2023 and 21,703,163 issued and 15,552,676 outstanding at December 31, 2022 | 221,000 | 217,000 |
Additional paid-in capital | 834,482,000 | 815,442,000 |
Accumulated other comprehensive loss | (40,587,000) | (12,162,000) |
Treasury stock, at cost: 9,119,456 shares at December 31, 2023 and 6,150,487 shares at December 31, 2022 | 1,189,715,000 | 649,061,000 |
Retained earnings | 1,969,527,000 | 1,275,319,000 |
Total stockholders’ equity | 1,573,928,000 | 1,429,755,000 |
Common Stock | 221,000 | 217,000 |
Additional Paid-in Capital | 834,482,000 | 815,442,000 |
Accumulated Other Comprehensive (Loss) Income | (40,587,000) | (12,162,000) |
Treasury Stock at Cost | (1,189,715,000) | (649,061,000) |
(Accumulated Deficit) Retained Earnings | 1,969,527,000 | 1,275,319,000 |
Employee benefit costs | (40,587,000) | (12,162,000) |
Total liabilities and stockholders’ equity | 2,406,057,000 | 2,312,479,000 |