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Schedule I - Condensed Financial Statements
 12 Months Ended
Dec. 31, 2011
Condensed Financial Information of Parent Company Only Disclosure [Abstract]  
Condensed Financial Statements
SCHEDULE I—CONDENSED FINANCIAL INFORMATION OF THE PARENT
NACCO INDUSTRIES, INC. AND SUBSIDIARIES
PARENT COMPANY CONDENSED BALANCE SHEETS

 
December 31
 
2011
 
2010
 
(In millions)
ASSETS
 
 
 
Cash and cash equivalents
$
130.7

 
$
29.6

Other current assets
6.3

 
0.2

Current intercompany accounts receivable, net
—

 
0.5

Investment in subsidiaries
 
 
 
NMHG
296.3

 
230.7

HBB
35.0

 
13.9

KC
46.7

 
48.1

NACoal
96.1

 
141.5

Other
16.6

 
16.8

 
490.7

 
451.0

Property, plant and equipment, net
1.9

 
2.2

Other non-current assets
6.8

 
14.7

Total Assets
$
636.4

 
$
498.2

LIABILITIES AND STOCKHOLDERS' EQUITY
 
 
 
Current liabilities
$
15.7

 
$
12.4

Current intercompany accounts payable, net
9.3

 
—

Note payable to Bellaire
22.4

 
25.2

Other non-current liabilities
12.8

 
13.2

Stockholders’ equity
576.2

 
447.4

Total Liabilities and Stockholders’ Equity
$
636.4

 
$
498.2

See Notes to Parent Company Condensed Financial Statements.


SCHEDULE I—CONDENSED FINANCIAL INFORMATION OF THE PARENT
NACCO INDUSTRIES, INC. AND SUBSIDIARIES
PARENT COMPANY CONDENSED STATEMENTS OF OPERATIONS

 
Year Ended December 31
 
2011
 
2010
 
2009
 
(In millions)
(Income) expense:
 
 
 
 
 
Intercompany interest expense
$
1.7

 
$
1.9

 
$
1.6

Other, net
2.9

 
18.8

 
1.5

 
4.6

 
20.7

 
3.1

Administrative and general expenses
7.0

 
10.5

 
9.2

Loss before income taxes
(11.6
)
 
(31.2
)
 
(12.3
)
Income tax benefit
(3.0
)
 
(11.0
)
 
(2.7
)
Net loss before equity in earnings of subsidiaries
(8.6
)
 
(20.2
)
 
(9.6
)
Equity in earnings of subsidiaries
170.7

 
99.6

 
40.6

Net income
162.1

 
79.4

 
31.0

Net loss attributable to noncontrolling interest
—

 
0.1

 
0.1

Net income attributable to stockholders
$
162.1

 
$
79.5

 
$
31.1

See Notes to Parent Company Condensed Financial Statements.


SCHEDULE I—CONDENSED FINANCIAL INFORMATION OF THE PARENT
NACCO INDUSTRIES, INC. AND SUBSIDIARIES
PARENT COMPANY CONDENSED STATEMENTS OF CASH FLOWS

 
Year Ended December 31
 
2011
 
2010
 
2009
 
(In millions)
Operating Activities
 
 
 
 
 
Net income
$
162.1

 
$
79.4

 
$
31.0

Equity in earnings of subsidiaries
(170.7
)
 
(99.6
)
 
(40.6
)
Parent company only net loss
(8.6
)
 
(20.2
)
 
(9.6
)
Net changes related to operating activities
12.1

 
(9.1
)
 
(31.6
)
Net cash provided by (used for) operating activities
3.5

 
(29.3
)
 
(41.2
)
Investing Activities
 
 
 
 
 
Expenditures for property, plant and equipment
(0.1
)
 
(1.1
)
 
(14.1
)
Net cash used for investing activities
(0.1
)
 
(1.1
)
 
(14.1
)
Financing Activities
 
 
 
 
 
Dividends received from subsidiaries
124.4

 
29.6

 
15.5

Proceeds from the sale of assets
—

 
1.6

 
—

Intercompany notes
—

 
—

 
72.9

Notes payable to Bellaire
(2.8
)
 
(2.6
)
 
(0.4
)
Capital contributions to subsidiaries
(4.0
)
 
—

 
(38.0
)
Purchase of treasury shares
(2.1
)
 
—

 
—

Cash dividends paid
(17.8
)
 
(17.4
)
 
(17.1
)
Net cash provided by financing activities
97.7

 
11.2

 
32.9

Cash and cash equivalents
 
 
 
 
 
Increase (decrease) for the period
101.1

 
(19.2
)
 
(22.4
)
Balance at the beginning of the period
29.6

 
48.8

 
71.2

Balance at the end of the period
$
130.7

 
$
29.6

 
$
48.8

See Notes to Parent Company Condensed Financial Statements.

SCHEDULE I—CONDENSED FINANCIAL INFORMATION OF THE PARENT
NACCO INDUSTRIES, INC. AND SUBSIDIARIES
NOTES TO PARENT COMPANY CONDENSED FINANCIAL STATEMENTS
FOR THE YEAR ENDED DECEMBER 31, 2011, 2010 AND 2009
The notes to Consolidated Financial Statements, incorporated in Item 15 of this Form 10-K, are hereby incorporated by reference into these Notes to Parent Company Condensed Financial Statements.
NOTE A — LONG-TERM OBLIGATIONS AND GUARANTEES
NACCO Industries, Inc. (the parent company or “NACCO”) is a holding company with subsidiaries that operate in four principal industries. It is NACCO's policy not to guarantee the debt of its subsidiaries.
NOTE B — UNRESTRICTED CASH
The amount of unrestricted cash available to NACCO, included in “Investment in subsidiaries,” was $51.7 million at December 31, 2011 and was in addition to the $130.7 million of cash included in the Parent Company Condensed Balance Sheet at December 31, 2011.