10-K Filing

HALLADOR ENERGY CO CIK: 788965 FY 2011

Filing Information

Form Type	10-K
Accession Number	`0000788965-12-000006`
Period End Date	20111231
Filing Date	20120302
Fiscal Year	2011
Fiscal Period	FY
XBRL Instance	hnrg-20111231.xml

Filing Contents

This filing contains the following financial statements:

Balance Sheet 79 Income Statement 42 Cash Flow Statement 67 Stockholders Equity 28

Balance Sheet 79 line items

Line Item	Tag	Value	Unit	Period
Preferred stock, par value (in Dollars per share)	`PreferredStockParOrStatedValuePerShare`	$0.10	USD	Point-in-time
Preferred stock, par value (in Dollars per share)	`PreferredStockParOrStatedValuePerShare`	$0.10	USD	Point-in-time
Preferred stock, authorized	`PreferredStockSharesAuthorized`	10,000.00	shares	Point-in-time
Preferred stock, authorized	`PreferredStockSharesAuthorized`	10,000.00	shares	Point-in-time
Cash and cash equivalents	`CashAndCashEquivalentsAtCarryingValue`	$37.54M	USD	Point-in-time
Preferred stock, issued	`PreferredStockSharesIssued`	-	shares	Point-in-time
Preferred stock, issued	`PreferredStockSharesIssued`	-	shares	Point-in-time
Cash and cash equivalents	`CashAndCashEquivalentsAtCarryingValue`	$10.28M	USD	Point-in-time
Cash and cash equivalents	`CashAndCashEquivalentsAtCarryingValue`	$15.23M	USD	Point-in-time
Certificates of deposit	`CertificatesOfDepositAtCarryingValue`	$1.29M	USD	Point-in-time
Common stockshares authorized	`CommonStockSharesAuthorized`	100,000.00	shares	Point-in-time
Common stockshares authorized	`CommonStockSharesAuthorized`	100,000.00	shares	Point-in-time
Common stock par value (in Dollars per share)	`CommonStockParOrStatedValuePerShare`	$0.01	USD	Point-in-time
Common stock par value (in Dollars per share)	`CommonStockParOrStatedValuePerShare`	$0.01	USD	Point-in-time
Prepaid Federal income taxes	`PrepaidTaxes`	$3.85M	USD	Point-in-time
Common stock and outstanding	`CommonStockSharesOutstanding`	27,924.00	shares	Point-in-time
Accounts receivable	`AccountsReceivableNetCurrent`	$6.69M	USD	Point-in-time
Accounts receivable	`AccountsReceivableNetCurrent`	$5.45M	USD	Point-in-time
Common stock and outstanding	`CommonStockSharesOutstanding`	28,309.00	shares	Point-in-time
Coal inventory	`EnergyRelatedInventoryCoal`	$2.10M	USD	Point-in-time
Coal inventory	`EnergyRelatedInventoryCoal`	$1.86M	USD	Point-in-time
Parts and supply inventory	`OtherInventorySupplies`	$2.41M	USD	Point-in-time
Parts and supply inventory	`OtherInventorySupplies`	$2.20M	USD	Point-in-time
Other	`OtherAssetsCurrent`	$580.00K	USD	Point-in-time
Other	`OtherAssetsCurrent`	$850.00K	USD	Point-in-time
Total current assets	`AssetsCurrent`	$48.88M	USD	Point-in-time
Total current assets	`AssetsCurrent`	$26.23M	USD	Point-in-time
Land, buildings and equipment	`PropertyPlantAndEquipmentGross`	$137.71M	USD	Point-in-time
Land, buildings and equipment	`PropertyPlantAndEquipmentGross`	$114.48M	USD	Point-in-time
Mine development	`ConstructionInProgressGross`	$59.35M	USD	Point-in-time
Mine development	`ConstructionInProgressGross`	$66.61M	USD	Point-in-time
CoalPropertiesAtCost	`CoalPropertiesAtCost`	$204.32M	USD	Point-in-time
CoalPropertiesAtCost	`CoalPropertiesAtCost`	$173.83M	USD	Point-in-time
Less - accumulated DD&A	`AccumulatedDepreciationDepletionAndAmortizationPropertyPlantAndEquipment`	$42.49M	USD	Point-in-time
Less - accumulated DD&A	`AccumulatedDepreciationDepletionAndAmortizationPropertyPlantAndEquipment`	$28.43M	USD	Point-in-time
CoalPropertiesNet	`CoalPropertiesNet`	$145.39M	USD	Point-in-time
CoalPropertiesNet	`CoalPropertiesNet`	$161.83M	USD	Point-in-time
Investment in Savoy	`InvestmentInSavoy`	$12.13M	USD	Point-in-time
Investment in Savoy	`InvestmentInSavoy`	$7.72M	USD	Point-in-time
Investment in Sunrise Energy	`InvestmentInSunriseEnergy`	$3.30M	USD	Point-in-time
Investment in Sunrise Energy	`InvestmentInSunriseEnergy`	$2.38M	USD	Point-in-time
Other assets (Note 8)	`OtherAssetsNoncurrent`	$6.29M	USD	Point-in-time
Other assets (Note 8)	`OtherAssetsNoncurrent`	$4.95M	USD	Point-in-time
Assets	`Assets`	$232.43M	USD	Point-in-time
Assets	`Assets`	$186.66M	USD	Point-in-time
Current portion of bank debt	`LoansPayableToBankCurrent`	$17.50M	USD	Point-in-time
Current portion of bank debt	`LoansPayableToBankCurrent`	$10.00M	USD	Point-in-time
Accounts payable and accrued liabilities	`AccountsPayableAndAccruedLiabilitiesCurrent`	$10.41M	USD	Point-in-time
Accounts payable and accrued liabilities	`AccountsPayableAndAccruedLiabilitiesCurrent`	$8.81M	USD	Point-in-time
Income taxes	`AccruedIncomeTaxesCurrent`	$5.12M	USD	Point-in-time
Other	`InterestRateDerivativesAtFairValueNet`	$-60.00K	USD	Point-in-time
Other	`InterestRateDerivativesAtFairValueNet`	$-692.00K	USD	Point-in-time
Total current liabilities	`LiabilitiesCurrent`	$19.50M	USD	Point-in-time
Total current liabilities	`LiabilitiesCurrent`	$33.10M	USD	Point-in-time
Bank debt, net of current portion	`LongTermLineOfCredit`	$17.50M	USD	Point-in-time
Deferred income taxes	`DeferredTaxLiabilitiesNoncurrent`	$31.10M	USD	Point-in-time
Deferred income taxes	`DeferredTaxLiabilitiesNoncurrent`	$17.43M	USD	Point-in-time
Asset retirement obligations	`AssetRetirementObligationsNoncurrent`	$2.28M	USD	Point-in-time
Asset retirement obligations	`AssetRetirementObligationsNoncurrent`	$1.15M	USD	Point-in-time
Other	`OtherLiabilitiesNoncurrent`	$4.34M	USD	Point-in-time
Other	`OtherLiabilitiesNoncurrent`	$4.96M	USD	Point-in-time
Total long-term liabilities	`LiabilitiesNoncurrent`	$40.43M	USD	Point-in-time
Total long-term liabilities	`LiabilitiesNoncurrent`	$38.34M	USD	Point-in-time
Total liabilities	`Liabilities`	$59.93M	USD	Point-in-time
Total liabilities	`Liabilities`	$71.44M	USD	Point-in-time
Preferred stock, $.10 par value, 10,000 shares authorized; none issued	`PreferredStockValue`	-	USD	Point-in-time
Preferred stock, $.10 par value, 10,000 shares authorized; none issued	`PreferredStockValue`	-	USD	Point-in-time
Common stock, $.01 par value, 100,000 shares authorized; 28,309 and 27,924 outstanding, respectively	`CommonStockValue`	$279.00K	USD	Point-in-time
Common stock, $.01 par value, 100,000 shares authorized; 28,309 and 27,924 outstanding, respectively	`CommonStockValue`	$283.00K	USD	Point-in-time
Additional paid-in capital	`AdditionalPaidInCapital`	$85.98M	USD	Point-in-time
Additional paid-in capital	`AdditionalPaidInCapital`	$84.07M	USD	Point-in-time
Retained earnings	`RetainedEarningsAccumulatedDeficit`	$74.69M	USD	Point-in-time
Retained earnings	`RetainedEarningsAccumulatedDeficit`	$42.38M	USD	Point-in-time
Accumulated other comprehensive income	`AccumulatedOtherComprehensiveIncomeLossNetOfTax`	$41.00K	USD	Point-in-time
Total stockholders' equity	`StockholdersEquity`	$126.73M	USD	Point-in-time
Total stockholders' equity	`StockholdersEquity`	$108.63M	USD	Point-in-time
Total stockholders' equity	`StockholdersEquity`	$160.99M	USD	Point-in-time
LiabilitiesAndStockholdersEquity	`LiabilitiesAndStockholdersEquity`	$186.66M	USD	Point-in-time
LiabilitiesAndStockholdersEquity	`LiabilitiesAndStockholdersEquity`	$232.43M	USD	Point-in-time

Income Statement 42 line items

Line Item	Tag	Value	Unit	Period
(1) Included in interest expense: credits for the change in the estimated fair value of interest rate swaps.	`IncludedInInterestExpenseCreditsForTheChangeInTheEstimatedFairValueOfInterestRate`	$496.00K	USD	Annual
(1) Included in interest expense: credits for the change in the estimated fair value of interest rate swaps.	`IncludedInInterestExpenseCreditsForTheChangeInTheEstimatedFairValueOfInterestRate`	$506.00K	USD	Annual
Coal sales	`CoalProductsAndServicesRevenue`	$129.00M	USD	Annual
Coal sales	`CoalProductsAndServicesRevenue`	$138.00M	USD	Annual
Gain on sale of unproved oil and gas properties	`GainLossOnSaleOfOilAndGasProperty`	$10.65M	USD	Annual
Equity income - Savoy	`EquityIncomeSavoy`	$5.48M	USD	Annual
Equity income - Savoy	`EquityIncomeSavoy`	$1.00M	USD	Annual
Equity income - Sunrise Energy	`EquityIncomeSunriseEnergy`	$922.00K	USD	Annual
Other income (loss) (Note 8)	`OtherSalesRevenueNet`	$-772.00K	USD	Annual
Other income (loss) (Note 8)	`OtherSalesRevenueNet`	$2.31M	USD	Annual
Revenues	`Revenues`	$129.24M	USD	Annual
Revenues	`Revenues`	$157.35M	USD	Annual
Operating costs and expenses	`CostOfCoalProductsAndServices`	$72.53M	USD	Annual
Operating costs and expenses	`CostOfCoalProductsAndServices`	$77.09M	USD	Annual
DD&A	`DepreciationDepletionAndAmortization`	$14.10M	USD	Annual
DD&A	`DepreciationDepletionAndAmortization`	$11.82M	USD	Annual
Coal exploration costs	`ExplorationExpenseMining`	$780.00K	USD	Annual
Coal exploration costs	`ExplorationExpenseMining`	$1.13M	USD	Annual
SG&A	`SellingGeneralAndAdministrativeExpense`	$5.56M	USD	Annual
SG&A	`SellingGeneralAndAdministrativeExpense`	$7.00M	USD	Annual
Interest	`InterestExpense`	$1.93M	USD	Annual
Interest	`InterestExpense`	$1.29M	USD	Annual
CostsAndExpenses	`CostsAndExpenses`	$92.61M	USD	Annual
CostsAndExpenses	`CostsAndExpenses`	$100.61M	USD	Annual
Income before income taxes	`IncomeLossFromContinuingOperationsBeforeIncomeTaxesMinorityInterestAndIncomeLossFromEquityMethodInvestments`	$56.74M	USD	Annual
Income before income taxes	`IncomeLossFromContinuingOperationsBeforeIncomeTaxesMinorityInterestAndIncomeLossFromEquityMethodInvestments`	$36.63M	USD	Annual
Current	`CurrentIncomeTaxExpenseBenefit`	$885.00K	USD	Annual
Current	`CurrentIncomeTaxExpenseBenefit`	$7.27M	USD	Annual
Deferred	`DeferredIncomeTaxExpenseBenefit`	$13.37M	USD	Annual
Deferred	`DeferredIncomeTaxExpenseBenefit`	$13.66M	USD	Annual
IncomeTaxExpenseBenefit	`IncomeTaxExpenseBenefit`	$14.25M	USD	Annual
IncomeTaxExpenseBenefit	`IncomeTaxExpenseBenefit`	$20.93M	USD	Annual
Net income	`NetIncomeLoss`	$35.81M	USD	Annual
Net income	`NetIncomeLoss`	$22.38M	USD	Annual
Basic (in Dollars per share)	`EarningsPerShareBasic`	$0.81	USD	Annual
Basic (in Dollars per share)	`EarningsPerShareBasic`	$1.27	USD	Annual
Diluted (in Dollars per share)	`EarningsPerShareDiluted`	$1.25	USD	Annual
Diluted (in Dollars per share)	`EarningsPerShareDiluted`	$0.78	USD	Annual
Basic (in Shares)	`WeightedAverageNumberOfSharesOutstandingBasic`	27,790.00	shares	Annual
Basic (in Shares)	`WeightedAverageNumberOfSharesOutstandingBasic`	28,135.00	shares	Annual
Diluted (in Shares)	`WeightedAverageNumberOfDilutedSharesOutstanding`	28,571.00	shares	Annual
Diluted (in Shares)	`WeightedAverageNumberOfDilutedSharesOutstanding`	28,694.00	shares	Annual

Cash Flow Statement 67 line items

Line Item	Tag	Value	Unit	Period
Net income	`NetIncomeLoss`	$35.81M	USD	Annual
Net income	`NetIncomeLoss`	$22.38M	USD	Annual
Gain on sale	`GainLossOnSaleOfPropertyPlantEquipment`	$-10.65M	USD	Annual
Deferred income taxes	`DeferredIncomeTaxExpenseBenefit`	$13.37M	USD	Annual
Deferred income taxes	`DeferredIncomeTaxExpenseBenefit`	$13.66M	USD	Annual
Equity income Savoy and Sunrise Energy	`EquityincomeSavoyAndSunriseEnergy`	$-1.00M	USD	Annual
Equity income Savoy and Sunrise Energy	`EquityincomeSavoyAndSunriseEnergy`	$-6.40M	USD	Annual
Cash distributions from Savoy	`CashDistributionsFromSavoy`	$1.06M	USD	Annual
DD&A	`DepreciationAndAmortization`	$14.10M	USD	Annual
DD&A	`DepreciationAndAmortization`	$11.82M	USD	Annual
Change in fair value of interest rate swaps	`ChangeInFairValueOfInterestRateSwaps`	$-712.00K	USD	Annual
Change in fair value of interest rate swaps	`ChangeInFairValueOfInterestRateSwaps`	$-632.00K	USD	Annual
Stock-based compensation	`ShareBasedCompensation`	$2.19M	USD	Annual
Stock-based compensation	`ShareBasedCompensation`	$2.33M	USD	Annual
Other	`IncreaseDecreaseInOtherOperatingCapitalNet`	$576.00K	USD	Annual
Taxes paid on vesting of RSUs	`ExcessTaxBenefitFromShareBasedCompensationOperatingActivities`	$-1.66M	USD	Annual
Taxes paid on vesting of RSUs	`ExcessTaxBenefitFromShareBasedCompensationOperatingActivities`	$-746.00K	USD	Annual
Accounts receivable	`IncreaseDecreaseInAccountsAndNotesReceivable`	$-163.00K	USD	Annual
Accounts receivable	`IncreaseDecreaseInAccountsAndNotesReceivable`	$221.00K	USD	Annual
Coal inventory	`IncreaseDecreaseInInventories`	$236.00K	USD	Annual
Coal inventory	`IncreaseDecreaseInInventories`	$66.00K	USD	Annual
Income tax accounts	`IncreaseDecreaseInAccruedIncomeTaxesPayable`	$8.98M	USD	Annual
Income tax accounts	`IncreaseDecreaseInAccruedIncomeTaxesPayable`	$-2.81M	USD	Annual
Accounts payable and accrued liabilities	`IncreaseDecreaseInAccountsPayableAndAccruedLiabilities`	$1.75M	USD	Annual
Accounts payable and accrued liabilities	`IncreaseDecreaseInAccountsPayableAndAccruedLiabilities`	$1.42M	USD	Annual
Other	`IncreaseDecreaseInOtherOperatingAssets`	$-259.00K	USD	Annual
Other	`IncreaseDecreaseInOtherOperatingAssets`	$1.34M	USD	Annual
Cash provided by operating activities	`NetCashProvidedByUsedInOperatingActivities`	$45.55M	USD	Annual
Cash provided by operating activities	`NetCashProvidedByUsedInOperatingActivities`	$60.72M	USD	Annual
Proceeds from sale of unproved oil and gas properties	`ProceedsFromSaleOfPropertyPlantAndEquipment`	$13.20M	USD	Annual
Capital expenditures for coal properties	`PaymentsToAcquirePropertyPlantAndEquipment`	$32.99M	USD	Annual
Capital expenditures for coal properties	`PaymentsToAcquirePropertyPlantAndEquipment`	$34.71M	USD	Annual
Capital expenditures for unproved oil and gas properties	`PaymentsToAcquireOtherPropertyPlantAndEquipment`	$1.71M	USD	Annual
Capital expenditures for unproved oil and gas properties	`PaymentsToAcquireOtherPropertyPlantAndEquipment`	$915.00K	USD	Annual
Investment in Sunrise Energy	`CashFlowInvestmentInSunriseEnergy`	$2.38M	USD	Annual
Investment in Savoy	`CashFlowInvestmentInSavoy`	$453.00K	USD	Annual
Change in CDs	`IncreaseDecreaseInRestrictedCash`	$-2.17M	USD	Annual
Change in CDs	`IncreaseDecreaseInRestrictedCash`	$-1.29M	USD	Annual
Marketable securities	`PaymentsToAcquireMarketableSecurities`	$2.26M	USD	Annual
Other	`ProceedsFromSaleOfOtherInvestments`	$-752.00K	USD	Annual
Other	`ProceedsFromSaleOfOtherInvestments`	$1.28M	USD	Annual
Cash used in investing activities	`NetCashProvidedByUsedInInvestingActivities`	$-21.19M	USD	Annual
Cash used in investing activities	`NetCashProvidedByUsedInInvestingActivities`	$-37.04M	USD	Annual
Payments of bank debt	`RepaymentsOfLinesOfCredit`	$10.00M	USD	Annual
Payments of bank debt	`RepaymentsOfLinesOfCredit`	$10.00M	USD	Annual
Dividends	`PaymentsOfDividendsCommonStock`	$2.94M	USD	Annual
Dividends	`PaymentsOfDividendsCommonStock`	$3.50M	USD	Annual
Stock option buy-out	`ProceedsFromStockOptionsExercised`	$-679.00K	USD	Annual
Tax benefit from stock-based compensation	`ExcessTaxBenefitFromShareBasedCompensationFinancingActivities`	$1.24M	USD	Annual
Tax benefit from stock-based compensation	`ExcessTaxBenefitFromShareBasedCompensationFinancingActivities`	$327.00K	USD	Annual
Other	`ProceedsFromPaymentsForOtherFinancingActivities`	$-163.00K	USD	Annual
Cash used in financing activities	`NetCashProvidedByUsedInFinancingActivities`	$-12.26M	USD	Annual
Cash used in financing activities	`NetCashProvidedByUsedInFinancingActivities`	$-13.45M	USD	Annual
Increase (decrease) in cash and cash equivalents	`CashAndCashEquivalentsPeriodIncreaseDecrease`	$27.27M	USD	Annual
Increase (decrease) in cash and cash equivalents	`CashAndCashEquivalentsPeriodIncreaseDecrease`	$-4.95M	USD	Annual
Cash and cash equivalents, beginning of year	`CashAndCashEquivalentsAtCarryingValue`	$37.54M	USD	Point-in-time
Cash and cash equivalents, beginning of year	`CashAndCashEquivalentsAtCarryingValue`	$10.28M	USD	Point-in-time
Cash and cash equivalents, beginning of year	`CashAndCashEquivalentsAtCarryingValue`	$15.23M	USD	Point-in-time
Cash and cash equivalents, end of year	`CashAndCashEquivalentsAtCarryingValue`	$37.54M	USD	Point-in-time
Cash and cash equivalents, end of year	`CashAndCashEquivalentsAtCarryingValue`	$10.28M	USD	Point-in-time
Cash and cash equivalents, end of year	`CashAndCashEquivalentsAtCarryingValue`	$15.23M	USD	Point-in-time
Cash paid for interest	`InterestPaidNet`	$1.51M	USD	Annual
Cash paid for interest	`InterestPaidNet`	$2.25M	USD	Annual
Cash paid for income taxes	`IncomeTaxesPaid`	$100.00K	USD	Annual
Cash paid for income taxes	`IncomeTaxesPaid`	$4.40M	USD	Annual
Changes in accounts payable for coal properties	`IncreaseDecreaseInAccountsPayableAndOtherOperatingLiabilities`	$-2.09M	USD	Annual
Changes in accounts payable for coal properties	`IncreaseDecreaseInAccountsPayableAndOtherOperatingLiabilities`	$-358.00K	USD	Annual

Stockholders Equity 28 line items

Line Item	Tag	Value	Unit	Period
Balance January 1, 2010	`StockholdersEquity`	$126.73M	USD	Point-in-time
Balance January 1, 2010	`StockholdersEquity`	$108.63M	USD	Point-in-time
Balance January 1, 2010	`StockholdersEquity`	$160.99M	USD	Point-in-time
Comprehensive incomeNet income	`ComprehensiveIncomeNetOfTaxIncludingPortionAttributableToNoncontrollingInterest`	$35.85M	USD	Annual
Stock issued to board member for director services	`IssuanceOfStockAndWarrantsForServicesOrClaims`	$100.00K	USD	Annual
Net income	`NetIncomeLoss`	$35.81M	USD	Annual
Stock issued to board member for director services	`IssuanceOfStockAndWarrantsForServicesOrClaims`	$100.00K	USD	Annual
Net income	`NetIncomeLoss`	$22.38M	USD	Annual
Stock- based compensation	`StockIssuedDuringPeriodValueShareBasedCompensation`	$2.23M	USD	Annual
Stock- based compensation	`StockIssuedDuringPeriodValueShareBasedCompensation`	$2.19M	USD	Annual
Taxes paid for shares issued to employees	`AdjustmentsToAdditionalPaidInCapitalTaxEffectFromShareBasedCompensation`	$-469.00K	USD	Annual
Stock issued on vesting of RSUs	`StockIssuedDuringPeriodValueRestrictedStockAwardNetOfForfeitures`	$1.00K	USD	Annual
Stock issued on vesting of RSUs	`StockIssuedDuringPeriodValueRestrictedStockAwardNetOfForfeitures`	$3.00K	USD	Annual
Taxes paid on vesting of RSUs	`TaxBenefitFromStockOptionsExercised`	$-1.19M	USD	Annual
Taxes paid on vesting of RSUs	`TaxBenefitFromStockOptionsExercised`	$-746.00K	USD	Annual
Tax benefit from stock-based compensation	`EmployeeServiceShareBasedCompensationTaxBenefitRealizedFromExerciseOfStockOptions`	$327.00K	USD	Annual
Tax benefit from stock-based compensation	`EmployeeServiceShareBasedCompensationTaxBenefitRealizedFromExerciseOfStockOptions`	$1.24M	USD	Annual
Increase in value of marketable securities available for sale, net of taxes	`OtherComprehensiveIncomeUnrealizedHoldingGainLossOnSecuritiesArisingDuringPeriodNetOfTax`	$41.00K	USD	Annual
Dividends	`DividendsCommonStockCash`	$-3.50M	USD	Annual
Stock option buy out for cash	`ProceedsFromRepurchaseOfEquity`	$-679.00K	USD	Annual
Reduction in deferred tax asset resulting from Sunrise acquisition	`IncomeTaxExpenseBenefitExtraordinaryItems`	$-2.37M	USD	Annual
Cash distributions to former noncontrolling interests for personal income taxes	`ShareBasedGoodsAndNonemployeeServicesTransactionTaxBenefit`	$-162.00K	USD	Annual
Dividends	`RestrictedStockAwardForfeituresDividends`	$-2.94M	USD	Annual
Net Income	`NetIncomeLoss`	$35.81M	USD	Annual
Net Income	`NetIncomeLoss`	$22.38M	USD	Annual
Balance	`StockholdersEquity`	$126.73M	USD	Point-in-time
Balance	`StockholdersEquity`	$108.63M	USD	Point-in-time
Balance	`StockholdersEquity`	$160.99M	USD	Point-in-time

Data is extracted from SEC EDGAR XBRL filings. Values shown are as reported in the filing.