10-Q
Quarterly Report
ALPHA METALLURGICAL RESOURCES, INC.
AMR
NYSE
CIK: 1704715
File #: 001-38735
Balance Sheet
43 line items · 2 periods
XBRL
| Item | Sep 30, 2024 | Dec 31, 2023 |
|---|---|---|
Assets | ||
Current assets: | ||
Cash and cash equivalents | 484,560,000 | 268,207,000 |
Trade accounts receivable, net of allowance for credit losses of $1,287 and $234 as of September 30, 2024 and December 31, 2023, respectively | 375,869,000 | 509,682,000 |
Inventories, net | 200,108,000 | 231,344,000 |
Prepaid expenses and other current assets | 32,427,000 | 39,064,000 |
Total current assets | 1,092,964,000 | 1,048,297,000 |
Property, plant, and equipment, net of accumulated depreciation and amortization of $647,259 and $558,905 as of September 30, 2024 and December 31, 2023, respectively | 620,929,000 | 588,992,000 |
Owned and leased mineral rights, net of accumulated depletion and amortization of $120,206 and $99,826 as of September 30, 2024 and December 31, 2023, respectively | 441,708,000 | 451,160,000 |
Other acquired intangibles, net of accumulated amortization of $43,568 and $38,543 as of September 30, 2024 and December 31, 2023, respectively | 41,554,000 | 46,579,000 |
Long-term restricted investments | 42,512,000 | 40,597,000 |
Long-term restricted cash | 121,077,000 | 115,918,000 |
Deferred income taxes | 8,857,000 | 8,028,000 |
Other non-current assets | 109,818,000 | 106,486,000 |
Total assets | 2,479,419,000 | 2,406,057,000 |
Liabilities and Stockholders’ Equity | ||
Current liabilities: | ||
Current portion of long-term debt | 3,101,000 | 3,582,000 |
Trade accounts payable | 111,448,000 | 128,836,000 |
Accrued expenses and other current liabilities | 190,085,000 | 177,512,000 |
Total current liabilities | 304,634,000 | 309,930,000 |
Long-term debt | 3,582,000 | 6,792,000 |
Workers’ compensation and black lung obligations | 182,062,000 | 189,226,000 |
Pension obligations | 104,610,000 | 101,908,000 |
Asset retirement obligations | 170,643,000 | 166,509,000 |
Deferred income taxes | 41,088,000 | 39,142,000 |
Other non-current liabilities | 22,173,000 | 18,622,000 |
Total liabilities | 828,792,000 | 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 September 30, 2024 and 22,058,135 issued and 12,938,679 outstanding at December 31, 2023 | 224,000 | 221,000 |
Additional paid-in capital | 836,803,000 | 834,482,000 |
Accumulated other comprehensive loss | (48,080,000) | (40,587,000) |
Treasury stock, at cost: 9,366,935 shares at September 30, 2024 and 9,119,456 shares at December 31, 2023 | 1,296,916,000 | 1,189,715,000 |
Retained earnings | 2,158,596,000 | 1,969,527,000 |
Total stockholders’ equity | 1,650,627,000 | 1,573,928,000 |
Common Stock | 224,000 | 221,000 |
Additional Paid-in Capital | 836,803,000 | 834,482,000 |
Accumulated Other Comprehensive (Loss) Income | (48,080,000) | (40,587,000) |
Treasury Stock at Cost | (1,296,916,000) | (1,189,715,000) |
Retained Earnings | 2,158,596,000 | 1,969,527,000 |
Employee benefit costs | (48,080,000) | (40,587,000) |
Total liabilities and stockholders’ equity | 2,479,419,000 | 2,406,057,000 |