2021 Q1 Form 10-Q Financial Statement

#000143774921010683 Filed on May 04, 2021

View on sec.gov

Income Statement

Concept 2021 Q1 2020 Q1
Revenue $342.2M $291.3M
YoY Change 17.47% -21.41%
Cost Of Revenue $27.00M $3.100M
YoY Change 770.97% -53.73%
Gross Profit $306.1M $287.9M
YoY Change 6.32% -20.62%
Gross Profit Margin 89.46% 98.85%
Selling, General & Admin $23.96M $17.67M
YoY Change 35.62% -19.4%
% of Gross Profit 7.83% 6.14%
Research & Development
YoY Change
% of Gross Profit
Depreciation & Amortization $59.90M $54.94M
YoY Change 9.02% 8.32%
% of Gross Profit 19.57% 19.08%
Operating Expenses $23.96M $17.67M
YoY Change 35.62% -19.4%
Operating Profit $282.1M $270.2M
YoY Change 4.41% -20.7%
Interest Expense $15.26M $15.67M
YoY Change -2.62% -15.73%
% of Operating Profit 5.41% 5.8%
Other Income/Expense, Net $3.189M
YoY Change
Pretax Income $31.59M $4.383M
YoY Change 620.72% -77.47%
Income Tax $5.185M $1.908M
% Of Pretax Income 16.41% 43.53%
Net Earnings $26.40M $2.367M
YoY Change 1015.5% -83.6%
Net Earnings / Revenue 7.72% 0.81%
Basic Earnings Per Share $0.77 $0.09
Diluted Earnings Per Share $0.75 $0.09
COMMON SHARES
Basic Shares Outstanding 34.21M 25.99M
Diluted Shares Outstanding 35.04M 26.25M

Balance Sheet

Concept 2021 Q1 2020 Q1
SHORT-TERM ASSETS
Cash & Short-Term Investments $91.20M $78.20M
YoY Change 16.62% -49.61%
Cash & Equivalents $91.17M $78.17M
Short-Term Investments
Other Short-Term Assets $24.10M $27.00M
YoY Change -10.74% -46.32%
Inventory $55.21M $58.64M
Prepaid Expenses
Receivables $124.6M $113.1M
Other Receivables $41.60M $33.88M
Total Short-Term Assets $336.7M $310.7M
YoY Change 8.37% -23.49%
LONG-TERM ASSETS
Property, Plant & Equipment $2.014B $2.088B
YoY Change -3.53% -0.59%
Goodwill
YoY Change
Intangibles
YoY Change
Long-Term Investments
YoY Change
Other Assets $169.7M $254.9M
YoY Change -33.42% -2.18%
Total Long-Term Assets $2.184B $2.343B
YoY Change -6.78% -0.77%
TOTAL ASSETS
Total Short-Term Assets $336.7M $310.7M
Total Long-Term Assets $2.184B $2.343B
Total Assets $2.521B $2.653B
YoY Change -5.01% -4.1%
SHORT-TERM LIABILITIES
YoY Change
Accounts Payable $75.38M $89.56M
YoY Change -15.83% -29.36%
Accrued Expenses $245.8M $237.3M
YoY Change 3.58% -7.06%
Deferred Revenue
YoY Change
Short-Term Debt $0.00 $0.00
YoY Change
Long-Term Debt Due $28.89M $43.69M
YoY Change -33.87% 140.89%
Total Short-Term Liabilities $371.2M $394.3M
YoY Change -5.85% -5.53%
LONG-TERM LIABILITIES
Long-Term Debt $550.4M $604.9M
YoY Change -9.01% -15.42%
Other Long-Term Liabilities $16.54M $17.27M
YoY Change -4.22% 70.7%
Total Long-Term Liabilities $567.0M $622.2M
YoY Change -8.87% -14.22%
TOTAL LIABILITIES
Total Short-Term Liabilities $371.2M $394.3M
Total Long-Term Liabilities $567.0M $622.2M
Total Liabilities $1.937B $2.082B
YoY Change -6.96% -5.15%
SHAREHOLDERS EQUITY
Retained Earnings $273.3M $259.0M
YoY Change 5.51% 31.74%
Common Stock $344.0K $260.0K
YoY Change 32.31% -5.8%
Preferred Stock
YoY Change
Treasury Stock (at cost)
YoY Change
Treasury Stock Shares
Shareholders Equity $583.1M $439.4M
YoY Change
Total Liabilities & Shareholders Equity $2.521B $2.653B
YoY Change -5.01% -4.1%

Cashflow Statement

Concept 2021 Q1 2020 Q1
OPERATING ACTIVITIES
Net Income $26.40M $2.367M
YoY Change 1015.5% -83.6%
Depreciation, Depletion And Amortization $59.90M $54.94M
YoY Change 9.02% 8.32%
Cash From Operating Activities $78.00M $51.40M
YoY Change 51.74% -37.45%
INVESTING ACTIVITIES
Capital Expenditures $13.80M $27.18M
YoY Change -49.22% -179.47%
Acquisitions
YoY Change
Other Investing Activities $182.0K $0.00
YoY Change -100.0%
Cash From Investing Activities -$5.494M -$27.18M
YoY Change -79.79% -19.73%
FINANCING ACTIVITIES
Cash Dividend Paid
YoY Change
Common Stock Issuance & Retirement, Net $0.00
YoY Change
Debt Paid & Issued, Net
YoY Change
Cash From Financing Activities -$31.88M -$25.69M
YoY Change 24.09% -81.18%
NET CHANGE
Cash From Operating Activities $78.00M $51.40M
Cash From Investing Activities -$5.494M -$27.18M
Cash From Financing Activities -$31.88M -$25.69M
Net Change In Cash $40.63M -$1.466M
YoY Change -2871.28% -98.34%
FREE CASH FLOW
Cash From Operating Activities $78.00M $51.40M
Capital Expenditures $13.80M $27.18M
Free Cash Flow $64.20M $24.22M
YoY Change 165.03% -79.19%

Facts In Submission

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CashCashEquivalentsRestrictedCashAndRestrictedCashEquivalents
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CashCashEquivalentsRestrictedCashAndRestrictedCashEquivalents
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CY2021Q1 us-gaap Cash Cash Equivalents Restricted Cash And Restricted Cash Equivalents
CashCashEquivalentsRestrictedCashAndRestrictedCashEquivalents
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CY2020Q1 us-gaap Capital Expenditures Incurred But Not Yet Paid
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ProfitLoss
2475000 USD
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CY2021Q1 us-gaap Prior Period Reclassification Adjustment Description
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<p style="font-family: &quot;Times New Roman&quot;, Times, serif; font-size: 10pt; margin: 0pt 0pt 0pt -1pt;"><b><i>Reclassifications</i></b></p> <p style="font-family: &quot;Times New Roman&quot;, Times, serif; font-size: 10pt; margin: 0pt 0pt 0pt -1pt;"> </p> <p style="font-family: &quot;Times New Roman&quot;, Times, serif; font-size: 10pt; margin: 0pt; text-align: justify; text-indent: 22.5pt;">During the year ended <em style="font: inherit;"> December 31, 2020, </em>the Company added the CONSOL Marine Terminal to its reportable segments disclosed in Note <em style="font: inherit;">16</em> - Segment Information. As a result, certain reclassifications of <em style="font: inherit;">2020</em> segment information have been made to conform to the <em style="font: inherit;">2021</em> presentation. These reclassifications had <em style="font: inherit;">no</em> effect on previously reported total assets, net income, stockholders' equity or cash flows from operating activities.</p>
CY2021Q1 us-gaap Revenue From Contract With Customer Excluding Assessed Tax
RevenueFromContractWithCustomerExcludingAssessedTax
330760000 USD
CY2020Q1 us-gaap Revenue From Contract With Customer Excluding Assessed Tax
RevenueFromContractWithCustomerExcludingAssessedTax
275100000 USD
CY2021Q1 ceix Royalty Income Nonoperated Coal
RoyaltyIncomeNonoperatedCoal
1601000 USD
CY2020Q1 ceix Royalty Income Nonoperated Coal
RoyaltyIncomeNonoperatedCoal
4504000 USD
CY2021Q1 us-gaap Interest Income Other
InterestIncomeOther
858000 USD
CY2020Q1 us-gaap Interest Income Other
InterestIncomeOther
244000 USD
CY2021Q1 us-gaap Rental Income Nonoperating
RentalIncomeNonoperating
215000 USD
CY2020Q1 us-gaap Rental Income Nonoperating
RentalIncomeNonoperating
497000 USD
CY2021Q1 us-gaap Gain Loss On Contract Termination
GainLossOnContractTermination
0 USD
CY2020Q1 us-gaap Gain Loss On Contract Termination
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10825000 USD
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515000 USD
CY2020Q1 us-gaap Other Nonoperating Income
OtherNonoperatingIncome
100000 USD
CY2021Q1 us-gaap Other Income
OtherIncome
3189000 USD
CY2020Q1 us-gaap Other Income
OtherIncome
16170000 USD
CY2021Q1 us-gaap Income Tax Expense Benefit
IncomeTaxExpenseBenefit
5185000 USD
CY2021Q1 ceix Income Tax Expense Benefit Percentage Of Earnings Before Income Taxes
IncomeTaxExpenseBenefitPercentageOfEarningsBeforeIncomeTaxes
0.164 pure
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EffectiveIncomeTaxRateContinuingOperations
0.446 pure
CY2021Q1 us-gaap Effective Income Tax Rate Reconciliation At Federal Statutory Income Tax Rate
EffectiveIncomeTaxRateReconciliationAtFederalStatutoryIncomeTaxRate
0.21 pure
CY2020Q1 us-gaap Allowance For Doubtful Accounts Receivable
AllowanceForDoubtfulAccountsReceivable
2811000 USD
CY2020Q4 us-gaap Allowance For Doubtful Accounts Receivable
AllowanceForDoubtfulAccountsReceivable
1661000 USD
CY2021Q1 us-gaap Provision For Doubtful Accounts
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12000 USD
CY2021Q1 us-gaap Allowance For Doubtful Accounts Receivable
AllowanceForDoubtfulAccountsReceivable
1673000 USD
CY2021Q1 us-gaap Inventory Supplies Net Of Reserves
InventorySuppliesNetOfReserves
44982000 USD
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55209000 USD
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56200000 USD
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261000 USD
CY2020Q1 us-gaap Debt Instrument Fee Amount
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341000 USD
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5131739000 USD
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PropertyPlantAndEquipmentGross
5143696000 USD
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3117651000 USD
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56761000 USD
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FinanceLeaseRightOfUseAssetAmortization
8619000 USD
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FinanceLeaseRightOfUseAssetAmortization
4964000 USD
CY2021Q1 ceix Accrued Subsidence Liability Current
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91432000 USD
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89554000 USD
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23185000 USD
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21179000 USD
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8985000 USD
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6236000 USD
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8457000 USD
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3625000 USD
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5267000 USD
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AccrualForTaxesOtherThanIncomeTaxesCurrent
7126000 USD
CY2021Q1 ceix Accrued Equipment Obligations Current
AccruedEquipmentObligationsCurrent
300000 USD
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AccruedEquipmentObligationsCurrent
6698000 USD
CY2021Q1 us-gaap Other Accrued Liabilities Current
OtherAccruedLiabilitiesCurrent
20319000 USD
CY2020Q4 us-gaap Other Accrued Liabilities Current
OtherAccruedLiabilitiesCurrent
20220000 USD
CY2021Q1 ceix Liability Other Postretirement Defined Benefit Plan Current
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25867000 USD
CY2020Q4 ceix Liability Other Postretirement Defined Benefit Plan Current
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26073000 USD
CY2021Q1 us-gaap Asset Retirement Obligation Current
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20587000 USD
CY2020Q4 us-gaap Asset Retirement Obligation Current
AssetRetirementObligationCurrent
20587000 USD
CY2021Q1 ceix Employee Related Liabilities Medical And Disability Benefits Current
EmployeeRelatedLiabilitiesMedicalAndDisabilityBenefitsCurrent
12133000 USD
CY2020Q4 ceix Employee Related Liabilities Medical And Disability Benefits Current
EmployeeRelatedLiabilitiesMedicalAndDisabilityBenefitsCurrent
12203000 USD
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9683000 USD
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243395000 USD
CY2021Q1 us-gaap Unamortized Debt Issuance Expense
UnamortizedDebtIssuanceExpense
9083000 USD
CY2020Q4 us-gaap Unamortized Debt Issuance Expense
UnamortizedDebtIssuanceExpense
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CY2021Q1 us-gaap Long Term Debt
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579333000 USD
CY2020Q4 us-gaap Long Term Debt
LongTermDebt
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CY2021Q1 us-gaap Long Term Debt Current
LongTermDebtCurrent
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LongTermDebtCurrent
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CY2021Q1 us-gaap Long Term Debt Noncurrent
LongTermDebtNoncurrent
550444000 USD
CY2020Q4 us-gaap Long Term Debt Noncurrent
LongTermDebtNoncurrent
566858000 USD
CY2021Q1 us-gaap Finance Lease Liability Current
FinanceLeaseLiabilityCurrent
21168000 USD
CY2020Q4 us-gaap Finance Lease Liability Current
FinanceLeaseLiabilityCurrent
20115000 USD
CY2021Q1 us-gaap Gains Losses On Extinguishment Of Debt
GainsLossesOnExtinguishmentOfDebt
683000 USD
CY2020Q1 us-gaap Gains Losses On Extinguishment Of Debt
GainsLossesOnExtinguishmentOfDebt
16833000 USD
CY2020Q1 us-gaap Debt Instrument Collateral Amount
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2632000 USD
CY2020Q4 us-gaap Debt Instrument Collateral Amount
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2813000 USD
CY2021Q1 us-gaap Derivative Liabilities Current
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2275000 USD
CY2020Q4 us-gaap Derivative Liabilities Current
DerivativeLiabilitiesCurrent
2834000 USD
CY2021Q1 us-gaap Other Comprehensive Income Loss Cash Flow Hedge Gain Loss After Reclassification And Tax
OtherComprehensiveIncomeLossCashFlowHedgeGainLossAfterReclassificationAndTax
414000 USD
CY2021Q1 us-gaap Other Comprehensive Income Loss Cash Flow Hedge Gain Loss Reclassification Tax
OtherComprehensiveIncomeLossCashFlowHedgeGainLossReclassificationTax
144000 USD
CY2020Q1 us-gaap Other Comprehensive Income Loss Cash Flow Hedge Gain Loss After Reclassification And Tax
OtherComprehensiveIncomeLossCashFlowHedgeGainLossAfterReclassificationAndTax
-2773000 USD
CY2020Q1 us-gaap Other Comprehensive Income Loss Cash Flow Hedge Gain Loss Reclassification Tax
OtherComprehensiveIncomeLossCashFlowHedgeGainLossReclassificationTax
933000 USD
CY2021Q1 us-gaap Other Comprehensive Income Loss Cash Flow Hedge Gain Loss Reclassification Before Tax
OtherComprehensiveIncomeLossCashFlowHedgeGainLossReclassificationBeforeTax
-532000 USD
CY2020Q1 us-gaap Other Comprehensive Income Loss Cash Flow Hedge Gain Loss Reclassification Before Tax
OtherComprehensiveIncomeLossCashFlowHedgeGainLossReclassificationBeforeTax
4000 USD
us-gaap Other Comprehensive Income Loss Cash Flow Hedge Gain Loss Reclassification Tax
OtherComprehensiveIncomeLossCashFlowHedgeGainLossReclassificationTax
1694000 USD
CY2021Q1 ceix Guarantees Maximum Exposure
GuaranteesMaximumExposure
7000000 USD
CY2020Q4 ceix Guarantees Maximum Exposure
GuaranteesMaximumExposure
8000000 USD
CY2021Q1 us-gaap Number Of Reportable Segments
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2 pure
CY2021Q1 us-gaap Revenue From Contract With Customer Excluding Assessed Tax
RevenueFromContractWithCustomerExcludingAssessedTax
330760000 USD
CY2021Q1 ceix Adjusted Ebitda
AdjustedEBITDA
106715000 USD
CY2021Q1 us-gaap Assets
Assets
2520560000 USD
CY2021Q1 us-gaap Depreciation Depletion And Amortization
DepreciationDepletionAndAmortization
59897000 USD
CY2021Q1 us-gaap Payments To Acquire Property Plant And Equipment
PaymentsToAcquirePropertyPlantAndEquipment
13800000 USD
CY2020Q1 us-gaap Revenue From Contract With Customer Excluding Assessed Tax
RevenueFromContractWithCustomerExcludingAssessedTax
275100000 USD
CY2020Q1 ceix Adjusted Ebitda
AdjustedEBITDA
62934000 USD
CY2020Q1 us-gaap Assets
Assets
2653468000 USD
CY2020Q1 us-gaap Depreciation Depletion And Amortization
DepreciationDepletionAndAmortization
54943000 USD
CY2020Q1 us-gaap Payments To Acquire Property Plant And Equipment
PaymentsToAcquirePropertyPlantAndEquipment
27178000 USD
CY2021Q1 us-gaap Income Loss From Continuing Operations Before Income Taxes Extraordinary Items Noncontrolling Interest
IncomeLossFromContinuingOperationsBeforeIncomeTaxesExtraordinaryItemsNoncontrollingInterest
31589000 USD
CY2020Q1 us-gaap Income Loss From Continuing Operations Before Income Taxes Extraordinary Items Noncontrolling Interest
IncomeLossFromContinuingOperationsBeforeIncomeTaxesExtraordinaryItemsNoncontrollingInterest
4383000 USD
CY2021Q1 us-gaap Interest Expense
InterestExpense
15261000 USD
CY2020Q1 us-gaap Interest Expense
InterestExpense
15671000 USD
CY2021Q1 us-gaap Gains Losses On Extinguishment Of Debt
GainsLossesOnExtinguishmentOfDebt
683000 USD
CY2020Q1 us-gaap Gains Losses On Extinguishment Of Debt
GainsLossesOnExtinguishmentOfDebt
16833000 USD
CY2021Q1 us-gaap Interest Income Other
InterestIncomeOther
858000 USD
CY2020Q1 us-gaap Interest Income Other
InterestIncomeOther
244000 USD
CY2021Q1 us-gaap Depreciation Depletion And Amortization
DepreciationDepletionAndAmortization
59897000 USD
CY2020Q1 us-gaap Depreciation Depletion And Amortization
DepreciationDepletionAndAmortization
54943000 USD
CY2021Q1 us-gaap Share Based Compensation
ShareBasedCompensation
1509000 USD
CY2020Q1 us-gaap Share Based Compensation
ShareBasedCompensation
5014000 USD
CY2021Q1 ceix Adjusted Ebitda
AdjustedEBITDA
106715000 USD
CY2020Q1 ceix Adjusted Ebitda
AdjustedEBITDA
62934000 USD
CY2021Q1 us-gaap Stock Issued During Period Shares Acquisitions
StockIssuedDuringPeriodSharesAcquisitions
7967690
CY2021Q1 us-gaap Related Party Transaction Expenses From Transactions With Related Party
RelatedPartyTransactionExpensesFromTransactionsWithRelatedParty
3646000 USD
CY2021Q1 us-gaap Stock Repurchased And Retired During Period Shares
StockRepurchasedAndRetiredDuringPeriodShares
0

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