10-Q
Quarterly Report
ALPHA METALLURGICAL RESOURCES, INC.
AMR
NYSE
CIK: 1704715
File #: 001-38735
Balance Sheet
43 line items · 2 periods
XBRL
| Item | Jun 30, 2024 | Dec 31, 2023 |
|---|---|---|
Assets | ||
Current assets: | ||
Cash and cash equivalents | 336,148,000 | 268,207,000 |
Trade accounts receivable, net of allowance for credit losses of $291 and $234 as of June 30, 2024 and December 31, 2023, respectively | 505,094,000 | 509,682,000 |
Inventories, net | 221,815,000 | 231,344,000 |
Prepaid expenses and other current assets | 32,866,000 | 39,064,000 |
Total current assets | 1,095,923,000 | 1,048,297,000 |
Property, plant, and equipment, net of accumulated depreciation and amortization of $621,187 and $558,905 as of June 30, 2024 and December 31, 2023, respectively | 626,380,000 | 588,992,000 |
Owned and leased mineral rights, net of accumulated depletion and amortization of $113,757 and $99,826 as of June 30, 2024 and December 31, 2023, respectively | 448,138,000 | 451,160,000 |
Other acquired intangibles, net of accumulated amortization of $41,893 and $38,543 as of June 30, 2024 and December 31, 2023, respectively | 43,229,000 | 46,579,000 |
Long-term restricted investments | 42,196,000 | 40,597,000 |
Long-term restricted cash | 119,107,000 | 115,918,000 |
Deferred income taxes | 8,627,000 | 8,028,000 |
Other non-current assets | 109,352,000 | 106,486,000 |
Total assets | 2,492,952,000 | 2,406,057,000 |
Liabilities and Stockholders’ Equity | ||
Current liabilities: | ||
Current portion of long-term debt | 3,263,000 | 3,582,000 |
Trade accounts payable | 122,522,000 | 128,836,000 |
Accrued expenses and other current liabilities | 182,869,000 | 177,512,000 |
Total current liabilities | 308,654,000 | 309,930,000 |
Long-term debt | 5,301,000 | 6,792,000 |
Workers’ compensation and black lung obligations | 183,325,000 | 189,226,000 |
Pension obligations | 111,290,000 | 101,908,000 |
Asset retirement obligations | 175,814,000 | 166,509,000 |
Deferred income taxes | 43,877,000 | 39,142,000 |
Other non-current liabilities | 21,121,000 | 18,622,000 |
Total liabilities | 849,382,000 | 832,129,000 |
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, 22,382,945 issued and 13,016,010 outstanding at June 30, 2024 and 22,058,135 issued and 12,938,679 outstanding at December 31, 2023 | 224,000 | 221,000 |
Additional paid-in capital | 833,790,000 | 834,482,000 |
Accumulated other comprehensive loss | (48,320,000) | (40,587,000) |
Treasury stock, at cost: 9,366,935 shares at June 30, 2024 and 9,119,456 shares at December 31, 2023 | 1,296,916,000 | 1,189,715,000 |
Retained earnings | 2,154,792,000 | 1,969,527,000 |
Total stockholders’ equity | 1,643,570,000 | 1,573,928,000 |
Common Stock | 224,000 | 221,000 |
Additional Paid-in Capital | 833,790,000 | 834,482,000 |
Accumulated Other Comprehensive (Loss) Income | (48,320,000) | (40,587,000) |
Treasury Stock at Cost | (1,296,916,000) | (1,189,715,000) |
Retained Earnings | 2,154,792,000 | 1,969,527,000 |
Employee benefit costs | (48,320,000) | (40,587,000) |
Total liabilities and stockholders’ equity | 2,492,952,000 | 2,406,057,000 |