XML 45 R6.htm IDEA: XBRL DOCUMENT v3.19.3
Unaudited Condensed Consolidated Statements of Cash Flows - USD ($)
$ in Thousands
9 Months Ended
Sep. 30, 2019
Sep. 30, 2018
Cash flows from operating activities    
Net income $ 23,046 $ 21,681
Adjustments to reconcile net income to net cash from operating activities:    
Accretion of asset retirement obligations 383 370
Depreciation and amortization 14,291 8,741
Amortization of debt issuance costs 43 406
Stock-based compensation. 3,058 1,940
Deferred income tax expense 4,561 1,448
Changes in operating assets and liabilities    
Accounts receivable (19,325) (24,122)
Prepaid expenses and other current assets (170) (942)
Inventories 1,541 2,107
Advance coal royalties (205) (172)
Other assets and liabilities 634 (307)
Accounts payable (5,291) 5,236
Accrued expenses 3,062 4,087
Net cash from operating activities 25,628 20,473
Cash flow from investing activities    
Purchases of property, plant and equipment (34,043) (39,883)
Proceeds from maturities of investment securities   5,200
Net cash from investing activities (34,043) (34,683)
Cash flows from financing activities    
Proceeds from borrowings 58,050 13,000
Proceeds from notes payable - related party   3,000
Payment of debt issuance costs   (569)
Repayments of borrowings (50,801) (1,000)
Repayments of financed insurance payable (287) (673)
Net cash from financing activities 6,962 13,758
Net change in cash and cash equivalents (1,453) (452)
Cash and cash equivalents, beginning of period 6,951 5,934
Cash and cash equivalents, end of period 5,498 5,482
Supplemental cash flow information    
Cash paid for interest 821 801
Non-cash investing and financing activities    
Capital expenditures included in accounts payable and accrued expenses 4,068 894
Financed insurance   1,276
Additional asset retirement obligations incurred $ 239 $ 200