$METC
Ramaco Resources, Inc.

2019 Q1 Form 10-Q Financial Statement

#000143774919009004 Filed on May 07, 2019

View on sec.gov

Income Statement

Concept 2019 Q1 2018 Q4 2018 Q1
Revenue $57.46M $44.19M $1.237K
YoY Change 4645009.14% 83.97% -99.99%
Cost Of Revenue $41.01M $34.96M $44.33M
YoY Change -7.5% 63.59% 308.73%
Gross Profit $16.45M $9.229M $11.61M
YoY Change 41.7% 249.05% 1578.03%
Gross Profit Margin 28.64% 20.89% 938722.72%
Selling, General & Admin $3.960M $3.400M $3.431M
YoY Change 15.42% 1.49% -4.73%
% of Gross Profit 24.07% 36.84% 29.55%
Research & Development
YoY Change
% of Gross Profit
Depreciation & Amortization $4.116M $3.680M $2.438M
YoY Change 68.83% 102.2% 1461.55%
% of Gross Profit 25.02% 39.87% 21.0%
Operating Expenses $3.960M $7.200M $3.431M
YoY Change 15.42% 35.59% -4.73%
Operating Profit $8.250M $2.025M $5.620M
YoY Change 46.8% -176.21% -276.51%
Interest Expense $307.0K -$450.0K $100.0K
YoY Change 207.0% 342.32%
% of Operating Profit 3.72% -22.22% 1.78%
Other Income/Expense, Net $298.0K $480.0K $489.0K
YoY Change -39.06% 860.0% -15113.82%
Pretax Income $8.241M $2.060M $6.009M
YoY Change 37.14% -179.23% -294.27%
Income Tax $1.358M -$1.340M $743.0K
% Of Pretax Income 16.48% -65.05% 12.36%
Net Earnings $6.883M $3.394M $5.266M
YoY Change 30.71% -230.54% -270.26%
Net Earnings / Revenue 11.98% 7.68% 425707.36%
Basic Earnings Per Share $0.17 $0.08 $0.13
Diluted Earnings Per Share $0.17 $0.08 $0.13
COMMON SHARES
Basic Shares Outstanding 40.60M 39.91M
Diluted Shares Outstanding 40.65M 40.14M

Balance Sheet

Concept 2019 Q1 2018 Q4 2018 Q1
SHORT-TERM ASSETS
Cash & Short-Term Investments $1.900M $7.000M $7.300M
YoY Change -73.97% -36.94% -90.08%
Cash & Equivalents $1.939M $6.951M $7.324M
Short-Term Investments $0.00 $0.00
Other Short-Term Assets $2.000M $3.200M $3.400M
YoY Change -41.18% 190.91% 209.09%
Inventory $15.03M $14.19M $10.13M
Prepaid Expenses $1.958M $3.154M $3.357M
Receivables $27.29M $10.73M $23.50M
Other Receivables $0.00 $0.00 $0.00
Total Short-Term Assets $46.21M $35.02M $44.31M
YoY Change 4.29% 18.86% -43.51%
LONG-TERM ASSETS
Property, Plant & Equipment $156.3M $149.2M $125.8M
YoY Change 24.25% 29.24% 97.49%
Goodwill
YoY Change
Intangibles
YoY Change
Long-Term Investments
YoY Change
Other Assets $1.013M $975.0K $422.1K
YoY Change 139.97% 206.6% 1832.77%
Total Long-Term Assets $160.5M $153.2M $129.0M
YoY Change 24.44% 29.16% 81.69%
TOTAL ASSETS
Total Short-Term Assets $46.21M $35.02M $44.31M
Total Long-Term Assets $160.5M $153.2M $129.0M
Total Assets $206.7M $188.2M $173.3M
YoY Change 19.28% 27.11% 15.96%
SHORT-TERM LIABILITIES
YoY Change
Accounts Payable $15.25M $16.39M $28.33M
YoY Change -46.18% -16.08% 179.99%
Accrued Expenses $9.124M $8.094M $6.107M
YoY Change 49.4% 186.92% 166.17%
Deferred Revenue
YoY Change
Short-Term Debt $0.00 $0.00 $5.800M
YoY Change -100.0%
Long-Term Debt Due $5.000M $5.000M
YoY Change
Total Short-Term Liabilities $29.78M $29.85M $41.09M
YoY Change -27.52% 33.09% 177.26%
LONG-TERM LIABILITIES
Long-Term Debt $13.74M $4.474M $0.00
YoY Change
Other Long-Term Liabilities $182.0K $12.30M
YoY Change -98.52% 28.13%
Total Long-Term Liabilities $13.92M $4.474M $12.30M
YoY Change 13.16% 28.13%
TOTAL LIABILITIES
Total Short-Term Liabilities $29.78M $29.85M $41.09M
Total Long-Term Liabilities $13.92M $4.474M $12.30M
Total Liabilities $57.81M $47.14M $54.06M
YoY Change 6.93% 35.83% 121.76%
SHAREHOLDERS EQUITY
Retained Earnings -$3.335M -$10.22M -$30.03M
YoY Change -88.89% -71.05% 30.73%
Common Stock $152.2M $151.3M $149.2M
YoY Change 2.0% 1.77% 0.83%
Preferred Stock
YoY Change
Treasury Stock (at cost)
YoY Change
Treasury Stock Shares
Shareholders Equity $148.9M $141.1M $119.2M
YoY Change
Total Liabilities & Shareholders Equity $206.7M $188.2M $173.3M
YoY Change 19.28% 27.11% 15.96%

Cashflow Statement

Concept 2019 Q1 2018 Q4 2018 Q1
OPERATING ACTIVITIES
Net Income $6.883M $3.394M $5.266M
YoY Change 30.71% -230.54% -270.26%
Depreciation, Depletion And Amortization $4.116M $3.680M $2.438M
YoY Change 68.83% 102.2% 1461.55%
Cash From Operating Activities -$5.891M $15.71M $3.436M
YoY Change -271.45% 287.9% -155.47%
INVESTING ACTIVITIES
Capital Expenditures $8.199M -$8.260M $12.77M
YoY Change -35.79% -62.04% 11.54%
Acquisitions
YoY Change
Other Investing Activities $0.00 $5.200M
YoY Change -100.0% -217.91%
Cash From Investing Activities -$8.199M -$8.260M -$7.569M
YoY Change 8.32% 16.34% -52.28%
FINANCING ACTIVITIES
Cash Dividend Paid
YoY Change
Common Stock Issuance & Retirement, Net $0.00
YoY Change -100.0%
Debt Paid & Issued, Net
YoY Change
Cash From Financing Activities 9.078M -5.840M 5.523M
YoY Change 64.37% -82.08%
NET CHANGE
Cash From Operating Activities -5.891M 15.71M 3.436M
Cash From Investing Activities -8.199M -8.260M -7.569M
Cash From Financing Activities 9.078M -5.840M 5.523M
Net Change In Cash -5.012M 1.610M 1.390M
YoY Change -460.58% -152.79% -84.15%
FREE CASH FLOW
Cash From Operating Activities -$5.891M $15.71M $3.436M
Capital Expenditures $8.199M -$8.260M $12.77M
Free Cash Flow -$14.09M $23.97M -$9.333M
YoY Change 50.97% -7.13% -47.1%

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CY2019Q1 us-gaap Revenue From Contract With Customer Including Assessed Tax
RevenueFromContractWithCustomerIncludingAssessedTax
57460000
CY2018Q1 us-gaap Revenue From Contract With Customer Including Assessed Tax
RevenueFromContractWithCustomerIncludingAssessedTax
55943000
CY2016Q3 us-gaap Sharebased Compensation Arrangement By Sharebased Payment Award Expiration Period
SharebasedCompensationArrangementBySharebasedPaymentAwardExpirationPeriod
P10Y
CY2019Q1 us-gaap Selling General And Administrative Expense
SellingGeneralAndAdministrativeExpense
3960000
CY2018Q1 us-gaap Selling General And Administrative Expense
SellingGeneralAndAdministrativeExpense
3431000
CY2019Q1 us-gaap Share Based Compensation
ShareBasedCompensation
894000
CY2018Q1 us-gaap Share Based Compensation
ShareBasedCompensation
551000
CY2019Q1 us-gaap Share Based Compensation Arrangement By Share Based Payment Award Number Of Shares Available For Grant
ShareBasedCompensationArrangementByShareBasedPaymentAwardNumberOfSharesAvailableForGrant
5200000
CY2019Q1 us-gaap Stockholders Equity
StockholdersEquity
148886000
CY2018Q4 us-gaap Stockholders Equity
StockholdersEquity
141109000
CY2017Q4 us-gaap Stockholders Equity
StockholdersEquity
113397000
CY2018Q1 us-gaap Stockholders Equity
StockholdersEquity
119214000
CY2019Q1 us-gaap Weighted Average Number Of Diluted Shares Outstanding
WeightedAverageNumberOfDilutedSharesOutstanding
40652000
CY2018Q1 us-gaap Weighted Average Number Of Diluted Shares Outstanding
WeightedAverageNumberOfDilutedSharesOutstanding
40142000
CY2019Q1 us-gaap Weighted Average Number Of Shares Outstanding Basic
WeightedAverageNumberOfSharesOutstandingBasic
40604000
CY2018Q1 us-gaap Weighted Average Number Of Shares Outstanding Basic
WeightedAverageNumberOfSharesOutstandingBasic
39905000

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