EX-99 2 dataschedule12312018ex99.htm EXHIBIT 99 Exhibit


 
 
 
 
 
 
 
 
 
 
 
EXHIBIT 99
 
NACCO Industries, Inc. - Consolidated
(in thousands, except percentage data)
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
Revenues (4)
 
 
 
 
 
 
 
 
 
Q1
Q2
Q3
Q4
FY
 
 
 
 
 
 
 
 
2017
28,300

28,100

21,941

26,437

104,778

 
 
 
 
 
 
 
 
2018
31,200

33,681

31,440

39,054

135,375

 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
Operating Profit (Loss) (4)
 
 
 
 
 
 
 
 
 
Q1
Q2
Q3
Q4
FY
 
 
 
 
 
 
 
 
2017
9,806

9,512

6,989

6,507

32,814

 
 
 
 
 
 
 
 
2018
9,721

7,802

10,547

15,554

43,624

 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
Interest (Income) Expense (4)
 
 
 
 
 
 
 
 
 
Q1
Q2
Q3
Q4
FY
 
 
 
 
 
 
 
 
2017
863

799

960

596

3,218

 
 
 
 
 
 
 
 
2018
533

450

327

(177
)
1,133

 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
Other (Income) Expense (4)
 
 
 
 
 
 
 
 
 
Q1
Q2
Q3
Q4
FY
 
 
 
 
 
 
 
 
2017
124

141

73

156

494

 
 
 
 
 
 
 
 
2018
208

(229
)
(438
)
787

328

 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
Income (Loss) Before Taxes (4)
 
 
Effective income tax rate from continuing operations (4)
 
 
Q1
Q2
Q3
Q4
FY
 
 
Q1
Q2
Q3
Q4
FY
 
2017
8,819

8,572

5,956

5,755

29,102

 
2017
6.8
%
15.6
%
44.1
%
n.m.

2.2
%
 
2018
8,980

7,581

10,658

14,944

42,163

 
2018
9.0
%
15.7
%
13.7
%
26.3
%
17.5
%
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
Income (Loss) from Continuing Operations (4)
 
 
 
 
 
 
 
 
 
Q1
Q2
Q3
Q4
FY
 
 
 
 
 
 
 
 
2017
8,220

7,232

3,331

9,680

28,463

 
 
 
 
 
 
 
 
2018
8,176

6,393

9,200

11,016

34,785

 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
Discontinued Operations, Net of Taxes (4)
 
 
 
 
 
 
 
 
 
Q1
Q2
Q3
Q4
FY
 
 
 
 
 
 
 
 
2017
(3,242
)
(444
)
5,067

493

1,874

 
 
 
 
 
 
 
 
2018
—

—

—

—

—

 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
Net Income (Loss)
 
 
 
 
 
 
 
 
 
Q1
Q2
Q3
Q4
FY
 
 
 
 
 
 
 
 
2017
4,978

6,788

8,398

10,173

30,337

 
 
 
 
 
 
 
 
2018
8,176

6,393

9,200

11,016

34,785

 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
Depreciation, depletion and
amortization expense (4)
 
 
 
 
 
 
 
 
 
Q1
Q2
Q3
Q4
FY
 
 
 
 
 
 
 
 
2017
3,180

3,243

3,157

3,187

12,767

 
 
 
 
 
 
 
 
2018
3,397

3,723

3,815

3,748

14,683

 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
Capital Expenditures (4)
 
 
 
 
 
 
 
 
 
Q1
Q2
Q3
Q4
FY
 
 
 
 
 
 
 
 
2017
3,425

2,275

3,511

6,493

15,704

 
 
 
 
 
 
 
 
2018
2,452

6,730

5,450

6,298

20,930

 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
Net cash provided by (used for) operating activities from continuing operations (4)
 
 
 
 
 
 
 
 
 
Q1
Q2
Q3
Q4
FY
 
 
 
 
 
 
 
 
2017
(18,158
)
35,144

17,832

14,187

49,005

 
 
 
 
 
 
 
 
2018
(8,029
)
26,725

20,155

15,771

54,622

 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 





NACCO Industries, Inc. - Consolidated
(in thousands, except percentage data)
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
Net cash provided by (used for) investing activities from continuing operations (4)
 
 
 
 
 
 
 
 
 
Q1
Q2
Q3
Q4
FY
 
 
 
 
 
 
 
 
2017

(2,616
)
(1,014
)
(2,674
)
(4,356
)
(10,660
)
 
 
 
 
 
 
 
 
2018

(2,088
)
(6,192
)
(5,142
)
(4,965
)
(18,387
)
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
Cash flow before financing activities from continuing operations (1) (4)
 
 
 
 
 
 
 
 
 
Q1
Q2
Q3
Q4
FY
 
 
 
 
 
 
 
 
2017

(20,774
)
34,130

15,158

9,831

38,345

 
 
 
 
 
 
 
 
2018

(10,117
)
20,533

15,013

10,806

36,235

 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
Net cash provided by (used for) financing activities from continuing operations (4)
 
 
 
 
 
 
 
 
 
Q1
Q2
Q3
Q4
FY
 
 
 
 
 
 
 
 
2017

4,202

(29,513
)
21,427

(2,169
)
(6,053
)
 
 
 
 
 
 
 
 
2018

(8,080
)
(23,984
)
(11,915
)
(8,599
)
(52,578
)
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
Dividends Paid to Shareholders
 
 
 
 
 
 
 
 
 
Q1
Q2
Q3
Q4
FY
 
 
 
 
 
 
 
 
2017

1,827

1,863

1,862

1,130

6,682

 
 
 
 
 
 
 
 
2018

1,144

1,145

1,144

1,145

4,578

 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
Total debt (2) (4)
 
 
 
 
 
 
 
 
 
Q1
Q2
Q3
Q4
FY
 
 
 
 
 
 
 
 
2017

99,070

69,130

58,741

58,146

58,146

 
 
 
 
 
 
 
 
2018

50,768

27,983

17,496

11,021

11,021

 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
Equity
 
 
Return on Equity (3)
 
 
Q1
Q2
Q3
Q4
FY
 
 
Q1
Q2
Q3
Q4
FY
 
2017

224,526

230,960

207,063

219,448

219,448

 
2017
15.2
%
16.6
%
20.5
%
13.8
%
13.8
%
 
2018

224,882

230,972

240,201

250,704

250,704

 
2018
15.1
%
14.9
%
15.1
%
14.9
%
14.9
%
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
(1
)
Cash flow before financing activities is equal to net cash provided by (used for) operating activities plus net cash provided by (used for) investing activities.
(2
)
Total debt presented excludes the obligations of the unconsolidated mines. The unconsolidated mines' customers arrange and guarantee the financing of the unconsolidated mines. These obligations are without recourse to and are not guaranteed by North American Coal or NACCO.
(3
)
Return on equity is equal to the sum of the previous 4 quarters net income divided by average equity calculated over the last 5 quarters.
(4
)
On September 29, 2017, the Company spun-off Hamilton Beach Brands Holding Company ("HBBHC", ticker symbol HBB), a former wholly owned subsidiary. The financial position, results of operations and cash flows of HBBHC are reflected as discontinued operations for 2017.




 
 
 
 
 
 
 
 
 
 
 
 
 
The North American Coal Corporation
(in thousands, except percentage data, tons of coal delivered and limerock yards delivered)
 
 
 
 
 
 
 
 
 
 
 
 
 
 
Tons of coal delivered - Unconsolidated mines
 
 
 
 
 
 
 
 
Q1
Q2
Q3
Q4
FY
 
 
 
 
 
 
 
2017
9.2

7.5

9.4

8.7

34.8

 
 
 
 
 
 
 
2018
8.5

8.0

9.8

9.2

35.5

 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
Tons of coal delivered - Consolidated mines
 
 
 
 
 
 
 
 
Q1
Q2
Q3
Q4
FY
 
 
 
 
 
 
 
2017
0.7

0.7

0.5

0.5

2.4

 
 
 
 
 
 
 
2018
0.7

0.8

0.7

0.8

3.0

 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
Limerock yards delivered
 
 
 
 
 
 
 
 
Q1
Q2
Q3
Q4
FY
 
 
 
 
 
 
 
2017
7.8

7.9

6.4

7.9

30.0

 
 
 
 
 
 
 
2018
9.3

8.4

8.8

8.9

35.4

 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
Revenues
 
 
 
 
 
 
 
 
Q1
Q2
Q3
Q4
FY
 
 
 
 
 
 
 
2017
28,300

28,100

21,941

26,437

104,778

 
 
 
 
 
 
 
2018
31,200

33,681

31,440

39,054

135,375

 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
Gross Profit (Loss)
 
 
 
 
Q1
Q2
Q3
Q4
FY
 
 
 
 
 
 
 
2017
4,592

4,644

2,530

5,432

17,198

 
 
 
 
 
 
 
2018
5,477

4,921

6,204

13,735

30,337

 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
Earnings of unconsolidated mines
 
 
 
 
 
 
 
 
Q1
Q2
Q3
Q4
FY
 
 
 
 
 
 
 
2017
14,955

13,475

16,197

16,734

61,361

 
 
 
 
 
 
 
2018
15,555

15,423

17,141

16,875

64,994

 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 Operating Expenses
 
 
 
 
Q1
Q2
Q3
Q4
FY
 
 
 
 
 
 
 
2017
8,221

7,243

9,802

13,616

38,882

 
 
 
 
 
 
 
2018
9,750

10,822

11,188

13,287

45,047

 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
Operating Profit (Loss)
 
 
 
 
Q1
Q2
Q3
Q4
FY
 
 
 
 
 
 
 
2017
11,326

10,876

8,925

8,550

39,677

 
 
 
 
 
 
 
2018
11,282

9,522

12,157

17,323

50,284

 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
Interest (Income) Expense
 
 
 
 
 
 
 
 
Q1
Q2
Q3
Q4
FY
 
 
 
 
 
 
 
2017
873

801

965

598

3,237

 
 
 
 
 
 
 
2018
572

490

387

330

1,779

 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
Other (Income) Expense
 
 
 
 
 
 
 
 
Q1
Q2
Q3
Q4
FY
 
 
 
 
 
 
 
2017
(184
)
(180
)
(202
)
(225
)
(791
)
 
 
 
 
 
 
 
2018
(208
)
(328
)
(251
)
(255
)
(1,042
)
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 







 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
The North American Coal Corporation
 
(in thousands, except percentage data, tons of coal delivered and limerock yards delivered)

 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
Income (Loss) Before Taxes
 
 
 
 
 
 
 
 
 
 
Q1
Q2
Q3
Q4
FY
 
 
 
 
 
 
 
 
 
2017
10,637

10,255

8,162

8,177

37,231

 
 
 
 
 
 
 
 
 
2018
10,918

9,360

12,021

17,248

49,547

 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
Depreciation, depletion and
amortization expense
 
 
 
 
 
 
 
 
 
 
Q1
Q2
Q3
Q4
FY
 
 
 
 
 
 
 
 
 
2017
3,088

3,151

3,066

3,139

12,444

 
 
 
 
 
 
 
 
 
2018
3,375

3,701

3,793

3,727

14,596

 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
Capital Expenditures
 
 
 
 
 
 
 
 
 
 
Q1
Q2
Q3
Q4
FY
 
 
 
 
 
 
 
 
 
2017
3,421

2,276

3,502

6,493

15,692

 
 
 
 
 
 
 
 
 
2018
2,410

6,642

5,451

6,296

20,799

 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
Net cash provided by (used for) operating activities
 
 
 
 
 
 
 
 
 
 
Q1
Q2
Q3
Q4
FY
 
 
 
 
 
 
 
 
 
2017
(11,361
)
28,695

18,538

12,764

48,636

 
 
 
 
 
 
 
 
 
2018
2,468

32,060

17,968

13,982

66,478

 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
Net cash provided by (used for) investing activities
 
 
 
 
 
 
 
 
 
 
Q1
Q2
Q3
Q4
FY
 
 
 
 
 
 
 
 
 
2017
(2,632
)
(1,035
)
(2,685
)
(5,210
)
(11,562
)
 
 
 
 
 
 
 
 
 
2018
(2,067
)
(6,125
)
(5,163
)
(4,985
)
(18,340
)
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
Cash flow before financing activities (1)
 
 
 
 
 
 
 
 
 
 
Q1
Q2
Q3
Q4
FY
 
 
 
 
 
 
 
 
 
2017
(13,993
)
27,660

15,853

7,554

37,074

 
 
 
 
 
 
 
 
 
2018
401

25,935

12,805

8,997

48,138

 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
Net cash provided by (used for) financing activities
 
 
 
 
 
 
 
 
 
 
Q1
Q2
Q3
Q4
FY
 
 
 
 
 
 
 
 
 
2017
3,029

(27,650
)
(15,711
)
(1,039
)
(41,371
)
 
 
 
 
 
 
 
 
 
2018
(6,936
)
(22,784
)
(12,487
)
(12,522
)
(54,729
)
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
Dividends to (capital contributions from) NACCO
 
 
 
 
 
 
 
 
 
 
Q1
Q2
Q3
Q4
FY
 
 
 
 
 
 
 
 
 
2017
—

—

4,000

—

4,000

 
 
 
 
 
 
 
 
 
2018
—

—

2,000

6,000

8,000

 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
Total debt (2)
 
 
 
 
 
 
 
 
 
 
Q1
Q2
Q3
Q4
FY
 
 
 
 
 
 
 
 
 
2017
99,070

69,130

58,741

58,146

58,146

 
 
 
 
 
 
 
 
 
2018
50,768

27,983

17,496

11,021

11,021

 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 




 
 
 
 
 
 
 
 
 
 
 
 
 
 
The North American Coal Corporation
(in thousands, except percentage data, tons of coal sold and limerock yards delivered)

 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
Equity
 
 
 
 
 
 
 
 
 
Q1
Q2
Q3
Q4
FY
 
 
 
 
 
 
 
 
2017

115,161

123,741

129,815

141,174

141,174

 
 
 
 
 
 
 
 
2018

148,954

156,980

165,861

173,020

173,020

 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
(1
)
Cash flow before financing activities is equal to net cash provided by (used for) operating activities plus net cash provided by (used for) investing activities.
(2
)
Total debt presented excludes the obligations of the unconsolidated mines. The unconsolidated mines' customers arrange and guarantee the financing of the unconsolidated mines. These obligations are without recourse to and are not guaranteed by North American Coal or NACCO.





 
 
 
 
 
 
 
 
 
 
 
 
 
 
NACCO and Other
 
(in thousands, except percentage data)
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
Income (Loss) Before Taxes (1)
 
 
 
 
 
 
 
 
 
Q1
Q2
Q3
Q4
FY
 
 
 
 
 
 
 
 
2017

(1,818
)
(1,683
)
(2,206
)
(2,422
)
(8,129
)
 
 
 
 
 
 
 
 
2018

(1,938
)
(1,779
)
(1,363
)
(2,304
)
(7,384
)
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
(1
)
On September 29, 2017, the Company spun-off Hamilton Beach Brands Holding Company ("HBBHC", ticker symbol HBB), a former wholly owned subsidiary. The financial position, results of operations and cash flows of HBBHC are reflected as discontinued operations for 2017.