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Consolidated Statements of Cash Flows - USD ($)
$ in Thousands
3 Months Ended 6 Months Ended
Mar. 31, 2024
Mar. 31, 2023
Jun. 20, 2023
Cash flows from operating activities:      
Net income $ 2,032 $ 25,257 $ 25,257
Adjustments to reconcile net income to net cash from operating activities:      
Accretion of asset retirement obligations 354 350  
Depreciation, depletion, and amortization 15,220 11,852  
Amortization of debt issuance costs 207 149  
Stock-based compensation 4,702 2,937  
Other (23)    
Deferred income taxes (1,928) 2,154  
Changes in operating assets and liabilities:      
Accounts receivable (6,673) (29,925)  
Prepaid expenses and other current assets 6,462 4,779  
Inventories (4,117) (5,998)  
Other assets and liabilities (494) (823)  
Accounts payable 6,301 13,902  
Accrued liabilities 3,145 (3,272)  
Net cash provided by operating activities 25,188 21,362  
Cash flows from investing activities:      
Capital expenditures (18,730) (23,546)  
Other 65 1,182  
Net cash used for investing activities (18,665) (22,364)  
Cash flows from financing activities:      
Proceeds from borrowings 51,500 45,000  
Payment of dividends (8,319) (5,556)  
Repayment of borrowings (55,417) (24,145)  
Repayment of Ramaco Coal acquisition financing - related party   (10,000)  
Repayments of insurance financing (1,799) (1,433)  
Repayments of equipment finance leases (2,077) (1,746)  
Shares surrendered for withholding taxes payable (1,870) (115)  
Net cash (used for) provided by financing activities (17,982) 2,005  
Net change in cash and cash equivalents and restricted cash (11,459) 1,003  
Cash and cash equivalents and restricted cash, beginning of period 42,781 36,473 $ 36,473
Cash and cash equivalents and restricted cash, end of period 31,322 37,476  
Non-cash investing and financing activities:      
Leased assets obtained under new financing leases 8,790 954  
Capital expenditures included in accounts payable and accrued liabilities 6,708 13,812  
Financed insurance   407  
Accrued dividends and dividend equivalents payable $ 33 $ 322