2024 Q2 Form 10-Q Financial Statement

#000171036624000012 Filed on May 07, 2024

View on sec.gov

Income Statement

Concept 2024 Q2 2024 Q1
Revenue $501.1M $565.0M
YoY Change -24.18% -17.94%
Cost Of Revenue $353.3M $363.3M
YoY Change 333.21% 438.12%
Gross Profit $142.1M $191.7M
YoY Change -75.35% -68.75%
Gross Profit Margin 28.36% 33.93%
Selling, General & Admin $20.89M $20.63M
YoY Change -16.95% 19.28%
% of Gross Profit 14.7% 10.76%
Research & Development
YoY Change
% of Gross Profit
Depreciation & Amortization $54.85M $57.00M
YoY Change -15.0% -4.29%
% of Gross Profit 38.6% 29.73%
Operating Expenses $20.89M $20.63M
YoY Change -16.95% 19.28%
Operating Profit $121.2M $171.1M
YoY Change -78.01% -71.3%
Interest Expense $4.993M $5.406M
YoY Change -30.22% -47.41%
% of Operating Profit 4.12% 3.16%
Other Income/Expense, Net
YoY Change
Pretax Income $67.09M $118.7M
YoY Change -67.32% -56.34%
Income Tax $9.027M $16.84M
% Of Pretax Income 13.46% 14.19%
Net Earnings $58.06M $101.9M
YoY Change -65.38% -55.77%
Net Earnings / Revenue 11.59% 18.03%
Basic Earnings Per Share $1.96 $3.40
Diluted Earnings Per Share $1.96 $3.39
COMMON SHARES
Basic Shares Outstanding 29.39M shares 29.60M shares
Diluted Shares Outstanding 29.69M shares 30.07M shares

Balance Sheet

Concept 2024 Q2 2024 Q1
SHORT-TERM ASSETS
Cash & Short-Term Investments $299.5M $255.1M
YoY Change 3.18% -4.85%
Cash & Equivalents $216.1M $172.6M
Short-Term Investments $83.34M $82.58M
Other Short-Term Assets $64.67M $69.09M
YoY Change -2.52% 10.36%
Inventory $97.51M $109.5M
Prepaid Expenses
Receivables $143.9M $163.5M
Other Receivables $15.65M $16.46M
Total Short-Term Assets $621.2M $613.7M
YoY Change 7.4% 0.28%
LONG-TERM ASSETS
Property, Plant & Equipment $1.911B $1.895B
YoY Change -1.07% -2.35%
Goodwill
YoY Change
Intangibles
YoY Change
Long-Term Investments
YoY Change
Other Assets $178.2M $171.7M
YoY Change 5.88% 20.12%
Total Long-Term Assets $2.089B $2.066B
YoY Change -0.51% -0.81%
TOTAL ASSETS
Total Short-Term Assets $621.2M $613.7M
Total Long-Term Assets $2.089B $2.066B
Total Assets $2.710B $2.680B
YoY Change 1.2% -0.56%
SHORT-TERM LIABILITIES
YoY Change
Accounts Payable $136.8M $139.3M
YoY Change 12.16% 15.57%
Accrued Expenses $253.1M $265.0M
YoY Change -5.49% -9.42%
Deferred Revenue
YoY Change
Short-Term Debt $0.00 $0.00
YoY Change
Long-Term Debt Due $1.238M $1.438M
YoY Change -38.68% -69.78%
Total Short-Term Liabilities $400.1M $417.3M
YoY Change -3.3% -5.69%
LONG-TERM LIABILITIES
Long-Term Debt $182.0M $181.9M
YoY Change -12.27% -28.08%
Other Long-Term Liabilities $10.76M $9.882M
YoY Change -46.69% -16.3%
Total Long-Term Liabilities $192.8M $191.8M
YoY Change -15.32% -27.55%
TOTAL LIABILITIES
Total Short-Term Liabilities $400.1M $417.3M
Total Long-Term Liabilities $192.8M $191.8M
Total Liabilities $1.272B $1.291B
YoY Change -5.29% -8.7%
SHAREHOLDERS EQUITY
Retained Earnings $1.051B $1.001B
YoY Change 17.94% 22.84%
Common Stock $294.0K $294.0K
YoY Change -10.09% -13.27%
Preferred Stock
YoY Change
Treasury Stock (at cost)
YoY Change
Treasury Stock Shares
Shareholders Equity $1.438B $1.389B
YoY Change
Total Liabilities & Shareholders Equity $2.710B $2.680B
YoY Change 1.2% -0.56%

Cashflow Statement

Concept 2024 Q2 2024 Q1
OPERATING ACTIVITIES
Net Income $58.06M $101.9M
YoY Change -65.38% -55.77%
Depreciation, Depletion And Amortization $54.85M $57.00M
YoY Change -15.0% -4.29%
Cash From Operating Activities $116.3M $77.48M
YoY Change -48.91% -68.82%
INVESTING ACTIVITIES
Capital Expenditures $55.41M $42.35M
YoY Change 30.91% 25.46%
Acquisitions
YoY Change
Other Investing Activities -$3.796M $325.0K
YoY Change -86.83%
Cash From Investing Activities -$59.20M -$36.30M
YoY Change -16.8% -64.68%
FINANCING ACTIVITIES
Cash Dividend Paid $582.0K
YoY Change -98.48%
Common Stock Issuance & Retirement, Net
YoY Change
Debt Paid & Issued, Net
YoY Change
Cash From Financing Activities -17.01M -$67.68M
YoY Change -89.41% -70.04%
NET CHANGE
Cash From Operating Activities 116.3M $77.48M
Cash From Investing Activities -59.20M -$36.30M
Cash From Financing Activities -17.01M -$67.68M
Net Change In Cash 40.05M -$26.49M
YoY Change -1059.69% -66.93%
FREE CASH FLOW
Cash From Operating Activities $116.3M $77.48M
Capital Expenditures $55.41M $42.35M
Free Cash Flow $60.86M $35.13M
YoY Change -67.15% -83.64%

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CY2024Q1 us-gaap Finance Lease Principal Payments
FinanceLeasePrincipalPayments
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CY2024Q1 us-gaap Payments Related To Tax Withholding For Share Based Compensation
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PaymentsRelatedToTaxWithholdingForShareBasedCompensation
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CY2024Q1 us-gaap Effective Income Tax Rate Reconciliation At Federal Statutory Income Tax Rate
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6283000 usd
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CY2023Q4 us-gaap Property Plant And Equipment And Finance Lease Right Of Use Asset Before Accumulated Depreciation And Amortization
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CY2024Q1 us-gaap Finance Lease Right Of Use Asset Before Accumulated Amortization
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CY2023Q4 us-gaap Finance Lease Right Of Use Asset Before Accumulated Amortization
FinanceLeaseRightOfUseAssetBeforeAccumulatedAmortization
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CY2024Q1 us-gaap Finance Lease Right Of Use Asset Accumulated Amortization
FinanceLeaseRightOfUseAssetAccumulatedAmortization
26343000 usd
CY2023Q4 us-gaap Finance Lease Right Of Use Asset Accumulated Amortization
FinanceLeaseRightOfUseAssetAccumulatedAmortization
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28571000 usd
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19297000 usd
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19327000 usd
CY2024Q1 ceix Employee Related Liabilities Medical And Disability Benefits Current
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14880000 usd
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9666000 usd
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10019000 usd
CY2024Q1 us-gaap Accrued Liabilities Current
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CY2024Q1 us-gaap Unamortized Debt Issuance Expense
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CY2024Q1 us-gaap Long Term Debt
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CY2023Q4 us-gaap Long Term Debt
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CY2024Q1 us-gaap Long Term Debt Current
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1635000 usd
CY2024Q1 us-gaap Long Term Debt Noncurrent
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CY2024Q1 ceix Number Of Tons
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CY2023Q2 ceix Stock And Debt Repurchase Program Authorized Amount
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CY2024Q1 us-gaap Stock Repurchased And Retired During Period Shares
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CY2024Q1 ceix Adjusted Ebitda
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181753000 usd
CY2024Q1 us-gaap Assets
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CY2023Q1 ceix Adjusted Ebitda
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346300000 usd
CY2023Q1 us-gaap Assets
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CY2024Q1 us-gaap Profit Loss
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CY2024Q1 us-gaap Income Tax Expense Benefit
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CY2024Q1 us-gaap Interest Expense
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CY2024Q1 us-gaap Interest Income Other
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CY2024Q1 us-gaap Depreciation Depletion And Amortization
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CY2024Q1 us-gaap Share Based Compensation
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CY2024Q1 ceix Adjusted Ebitda
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CY2023Q1 us-gaap Profit Loss
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CY2023Q1 us-gaap Income Tax Expense Benefit
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CY2023Q1 us-gaap Interest Expense
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CY2023Q1 us-gaap Interest Income Other
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CY2023Q1 us-gaap Depreciation Depletion And Amortization
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CY2023Q1 us-gaap Share Based Compensation
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CY2023Q1 us-gaap Gains Losses On Extinguishment Of Debt
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CY2023Q1 ceix Adjusted Ebitda
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346300000 usd
CY2024Q1 us-gaap Treasury Stock Acquired Average Cost Per Share
TreasuryStockAcquiredAverageCostPerShare
90.82
CY2023Q1 us-gaap Treasury Stock Acquired Average Cost Per Share
TreasuryStockAcquiredAverageCostPerShare
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CY2024Q1 ecd Rule10b51 Arr Trmntd Flag
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