XML 18 R6.htm IDEA: XBRL DOCUMENT v3.19.2
Unaudited Condensed Consolidated Statements of Cash Flows - USD ($)
$ in Thousands
6 Months Ended
Jun. 30, 2019
Jun. 30, 2018
Cash flows from operating activities    
Net income $ 17,496 $ 15,470
Adjustments to reconcile net income (loss) to net cash from operating activities:    
Accretion of asset retirement obligations 256 247
Depreciation and amortization 8,938 5,393
Amortization of debt issuance costs 28 187
Equity-based compensation. 1,954 1,245
Deferred income tax expense 3,429 1,385
Changes in operating assets and liabilities    
Accounts receivable (15,370) (21,100)
Prepaid expenses 1,550 (977)
Inventories (2,408) (1,237)
Advance coal royalties (68) 82
Other assets 135 (206)
Accounts payable (4,121) 1,340
Accrued expenses 1,295 6,282
Net cash from operating activities 13,114 8,111
Cash flow from investing activities    
Purchases of property, plant and equipment (19,737) (27,478)
Proceeds from maturities of investment securities   5,200
Net cash from investing activities (19,737) (22,278)
Cash flows from financing activities    
Proceeds from borrowings 44,300 13,000
Proceeds from notes payable - related party   3,000
Payment of debt issuance costs   (429)
Repayments of borrowings (38,800) (1,000)
Repayments of financed insurance payable (287) (427)
Net cash from financing activities 5,213 14,144
Net change in cash and cash equivalents (1,410) (23)
Cash and cash equivalents, beginning of period 6,951 5,934
Cash and cash equivalents, end of period 5,541 5,911
Supplemental cash flow information    
Cash paid for interest 568 340
Non-cash investing and financing activities    
Capital expenditures included in accounts payable and accrued liabilities 5,373 2,128
Financed insurance   789
Additional asset retirement obligations acquired or incurred $ 137 $ 127