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Parent Company Condensed Balance Sheets
 12 Months Ended
Dec. 31, 2020
Condensed Financial Information Disclosure [Abstract]  
Parent Company Condensed Balance Sheets Parent Company Condensed Balance Sheets
The condensed balance sheets of NACCO, the parent company, at December 31 are as follows:
 20202019
ASSETS  
Cash and cash equivalents$85,365 $120,016 
Accounts receivable from affiliates
495 515 
Current intercompany accounts receivable, net— 1,255 
Other current assets20,648 10,448 
Investment in subsidiaries211,468 189,338 
Property, plant and equipment, net110 167 
Other non-current assets5,890 4,570 
Total Assets$323,976 $326,309 
LIABILITIES AND STOCKHOLDERS’ EQUITY  
Current liabilities$3,242 $5,257 
Current intercompany accounts payable, net2,337 — 
Current portion of deferred compensation— 13,465 
Note payable to Bellaire16,750 16,950 
Other non-current liabilities1,023 1,245 
Stockholders’ equity300,624 289,392 
Total Liabilities and Stockholders’ Equity$323,976 $326,309 
The credit agreement at NACoal allows for the transfer of assets to NACCO under certain circumstances. The amount of NACCO's investment that was restricted at December 31, 2020 totaled approximately $1.7 million. The amount of unrestricted cash available to NACCO included in “Investment in subsidiaries” was $0.7 million at December 31, 2020. Dividends and management fees from its subsidiaries are the primary sources of cash for NACCO.
SCHEDULE I—CONDENSED FINANCIAL INFORMATION OF THE PARENT
NACCO INDUSTRIES, INC. AND SUBSIDIARIES
PARENT COMPANY CONDENSED BALANCE SHEETS

 December 31
 20202019
 (In thousands)
ASSETS
Cash and cash equivalents$85,365 $120,016 
Accounts receivable from affiliates
495 515 
Current intercompany accounts receivable, net— 1,255 
Other current assets20,648 10,448 
Investment in subsidiaries211,468 189,338 
Property, plant and equipment, net110 167 
Other non-current assets5,890 4,570 
Total Assets$323,976 $326,309 
LIABILITIES AND STOCKHOLDERS’ EQUITY
Current liabilities$3,242 $5,257 
Current intercompany accounts payable, net2,337 — 
Current portion of deferred compensation— 13,465 
Note payable to Bellaire16,750 16,950 
Other non-current liabilities1,023 1,245 
Stockholders’ equity300,624 289,392 
Total Liabilities and Stockholders’ Equity$323,976 $326,309 
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 COMPREHENSIVE INCOME

 Year Ended December 31
 20202019
 (In thousands)
Expense (income):  
Intercompany interest expense$1,178 $1,190 
Other, net(1,003)(1,796)
 175 (606)
Administrative and general expenses5,658 6,403 
Loss before income taxes(5,833)(5,797)
Income tax provision (benefit)2,419 (3,819)
Net loss before equity in earnings of subsidiaries(8,252)(1,978)
Equity in earnings of subsidiaries23,045 41,610 
Net income 14,793 39,632 
Current period pension and postretirement plan adjustment, net of $213 tax benefit and $226 tax expense in 2020 and 2019, respectively
(697)758 
Pension settlement, net of $202 tax benefit in 2019
— 671 
Reclassification of pension and postretirement adjustments into earnings, net of $129 and $90 tax benefit in 2020 and 2019, respectively
435 845 
Total other comprehensive income(262)2,274 
Comprehensive Income $14,531 $41,906 
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
 20202019
 (In thousands)
Operating Activities  
Net income$14,793 $39,632 
Equity in earnings of subsidiaries23,045 41,610 
Parent company only net loss(8,252)(1,978)
Net changes related to operating activities(22,822)3,671 
Net cash (used for) provided by operating activities(31,074)1,693 
Investing Activities  
Expenditures for property, plant and equipment— — 
Net cash used for investing activities— — 
Financing Activities  
Dividends received from subsidiaries3,000 42,000 
Notes payable to Bellaire(200)(350)
Purchase of treasury shares(1,002)(3,010)
Cash dividends paid(5,375)(5,132)
Other— (4)
Net cash (used for) provided by financing activities(3,577)33,504 
Cash and cash equivalents  
Increase (decrease) for the period(34,651)35,197 
Balance at the beginning of the period120,016 84,819 
Balance at the end of the period$85,365 $120,016 
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, 2020 AND 2019
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 — ACCOUNTING POLICIES
NACCO Industries, Inc.® (“NACCO” or the “parent company”) is the public holding company for The North American Coal Corporation® ("NACoal").  In the Parent Company Condensed Financial Statements, NACCO's investment in subsidiaries is stated at cost plus equity in undistributed earnings of subsidiaries since the date of acquisition. NACCO's share of net income of unconsolidated subsidiaries is included in net income using the equity method. Parent Company financial statements should be read in conjunction with the Company's consolidated financial statements.
NOTE B — LONG-TERM OBLIGATIONS AND GUARANTEES
It is NACCO's policy not to guarantee the debt of NACoal.
NOTE C — UNRESTRICTED CASH
The amount of unrestricted cash available to NACCO, included in Investment in subsidiaries, was $0.7 million at December 31, 2020 and was in addition to the $85.4 million of cash included in the Parent Company Condensed Balance Sheet at December 31, 2020.