10-Q Filing

HALLADOR ENERGY CO CIK: 788965 Q2 2016

Filing Information

Form Type	10-Q
Accession Number	`0001144204-16-116907`
Period End Date	20160630
Filing Date	20160805
Fiscal Year	2016
Fiscal Period	Q2
XBRL Instance	hnrg-20160630.xml

Filing Contents

This filing contains the following financial statements:

Balance Sheet 80 Income Statement 69 Cash Flow Statement 27 Stockholders Equity 11

Balance Sheet 80 line items

Line Item	Tag	Value	Unit	Period
Preferred stock, authorized	`PreferredStockSharesAuthorized`	10.00M	shares	Point-in-time
Preferred stock, authorized	`PreferredStockSharesAuthorized`	10.00M	shares	Point-in-time
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, issued	`PreferredStockSharesIssued`	0.00	shares	Point-in-time
Preferred stock, issued	`PreferredStockSharesIssued`	0.00	shares	Point-in-time
Common stock, shares authorized	`CommonStockSharesAuthorized`	100.00M	shares	Point-in-time
Common stock, shares authorized	`CommonStockSharesAuthorized`	100.00M	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
Common stock, outstanding	`CommonStockSharesOutstanding`	29.25M	shares	Point-in-time
Common stock, outstanding	`CommonStockSharesOutstanding`	29.25M	shares	Point-in-time
Cash and cash equivalents	`CashAndCashEquivalentsAtCarryingValue`	$16.49M	USD	Point-in-time
Cash and cash equivalents	`CashAndCashEquivalentsAtCarryingValue`	$15.93M	USD	Point-in-time
Cash and cash equivalents	`CashAndCashEquivalentsAtCarryingValue`	$13.47M	USD	Point-in-time
Cash and cash equivalents	`CashAndCashEquivalentsAtCarryingValue`	$16.22M	USD	Point-in-time
Marketable securities	`MarketableSecuritiesCurrent`	$1.65M	USD	Point-in-time
Marketable securities	`MarketableSecuritiesCurrent`	$1.34M	USD	Point-in-time
Accounts receivable	`AccountsReceivableNetCurrent`	$16.68M	USD	Point-in-time
Accounts receivable	`AccountsReceivableNetCurrent`	$18.95M	USD	Point-in-time
Prepaid income taxes	`PrepaidTaxes`	$5.31M	USD	Point-in-time
Prepaid income taxes	`PrepaidTaxes`	$3.21M	USD	Point-in-time
Coal inventory	`EnergyRelatedInventoryCoal`	$12.18M	USD	Point-in-time
Coal inventory	`EnergyRelatedInventoryCoal`	$14.91M	USD	Point-in-time
Parts and supply inventory	`OtherInventorySupplies`	$10.95M	USD	Point-in-time
Parts and supply inventory	`OtherInventorySupplies`	$11.26M	USD	Point-in-time
Other	`OtherAssetsCurrent`	$1.19M	USD	Point-in-time
Other	`OtherAssetsCurrent`	$1.70M	USD	Point-in-time
Total current assets	`AssetsCurrent`	$64.87M	USD	Point-in-time
Total current assets	`AssetsCurrent`	$66.61M	USD	Point-in-time
Land and mineral rights	`MineralRights`	$116.21M	USD	Point-in-time
Land and mineral rights	`MineralRights`	$126.36M	USD	Point-in-time
Buildings and equipment	`PropertyPlantAndEquipmentGross`	$347.96M	USD	Point-in-time
Buildings and equipment	`PropertyPlantAndEquipmentGross`	$350.52M	USD	Point-in-time
Mine development	`ConstructionInProgressGross`	$131.03M	USD	Point-in-time
Mine development	`ConstructionInProgressGross`	$134.54M	USD	Point-in-time
Total coal properities, at cost	`CoalPropertiesAtCost`	$595.20M	USD	Point-in-time
Total coal properities, at cost	`CoalPropertiesAtCost`	$611.42M	USD	Point-in-time
Less - accumulated DD&A	`AccumulatedDepreciationDepletionAndAmortizationPropertyPlantAndEquipment`	$149.96M	USD	Point-in-time
Less - accumulated DD&A	`AccumulatedDepreciationDepletionAndAmortizationPropertyPlantAndEquipment`	$168.09M	USD	Point-in-time
Total coal properties, net	`CoalPropertiesNet`	$445.24M	USD	Point-in-time
Total coal properties, net	`CoalPropertiesNet`	$443.33M	USD	Point-in-time
Other assets (Note 5)	`OtherAssetsNoncurrent`	$11.42M	USD	Point-in-time
Other assets (Note 5)	`OtherAssetsNoncurrent`	$20.75M	USD	Point-in-time
Total assets	`Assets`	$540.38M	USD	Point-in-time
Total assets	`Assets`	$544.02M	USD	Point-in-time
Current portion of bank debt, net	`LongTermDebtCurrent`	$24.86M	USD	Point-in-time
Current portion of bank debt, net	`LongTermDebtCurrent`	$24.42M	USD	Point-in-time
Accounts payable and accrued liabilities	`AccountsPayableAndAccruedLiabilitiesCurrent`	$14.39M	USD	Point-in-time
Accounts payable and accrued liabilities	`AccountsPayableAndAccruedLiabilitiesCurrent`	$26.18M	USD	Point-in-time
Total current liabilities	`LiabilitiesCurrent`	$38.81M	USD	Point-in-time
Total current liabilities	`LiabilitiesCurrent`	$51.04M	USD	Point-in-time
Bank debt, net	`LongTermLineOfCredit`	$219.33M	USD	Point-in-time
Bank debt, net	`LongTermLineOfCredit`	$219.50M	USD	Point-in-time
Deferred income taxes	`DeferredTaxLiabilitiesNoncurrent`	$51.15M	USD	Point-in-time
Deferred income taxes	`DeferredTaxLiabilitiesNoncurrent`	$49.03M	USD	Point-in-time
Asset retirement obligations	`AssetRetirementObligationsNoncurrent`	$12.73M	USD	Point-in-time
Asset retirement obligations	`AssetRetirementObligationsNoncurrent`	$12.23M	USD	Point-in-time
Other	`OtherLiabilitiesNoncurrent`	$3.66M	USD	Point-in-time
Other	`OtherLiabilitiesNoncurrent`	$1.75M	USD	Point-in-time
Total long-term liabilities	`LiabilitiesNoncurrent`	$282.52M	USD	Point-in-time
Total long-term liabilities	`LiabilitiesNoncurrent`	$286.88M	USD	Point-in-time
Total liabilities	`Liabilities`	$325.69M	USD	Point-in-time
Total liabilities	`Liabilities`	$333.56M	USD	Point-in-time
Commitments and contingencies	`CommitmentsAndContingencies`	-	USD	Point-in-time
Commitments and contingencies	`CommitmentsAndContingencies`	-	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; 29,251 shares outstanding for both periods	`CommonStockValue`	$292.00K	USD	Point-in-time
Common stock, $.01 par value, 100,000 shares authorized; 29,251 shares outstanding for both periods	`CommonStockValue`	$292.00K	USD	Point-in-time
Additional paid-in capital	`AdditionalPaidInCapital`	$93.46M	USD	Point-in-time
Additional paid-in capital	`AdditionalPaidInCapital`	$92.28M	USD	Point-in-time
Retained earnings	`RetainedEarningsAccumulatedDeficit`	$123.96M	USD	Point-in-time
Retained earnings	`RetainedEarningsAccumulatedDeficit`	$114.34M	USD	Point-in-time
Accumulated other comprehensive income (loss)	`AccumulatedOtherComprehensiveIncomeLossNetOfTax`	$618.00K	USD	Point-in-time
Accumulated other comprehensive income (loss)	`AccumulatedOtherComprehensiveIncomeLossNetOfTax`	$-88.00K	USD	Point-in-time
Total stockholders' equity	`StockholdersEquity`	$206.82M	USD	Point-in-time
Total stockholders' equity	`StockholdersEquity`	$218.33M	USD	Point-in-time
Total liabilities and stockholders' equity	`LiabilitiesAndStockholdersEquity`	$540.38M	USD	Point-in-time
Total liabilities and stockholders' equity	`LiabilitiesAndStockholdersEquity`	$544.02M	USD	Point-in-time

Income Statement 69 line items

Line Item	Tag	Value	Unit	Period
Coal sales	`CoalProductsAndServicesRevenue`	$192.40M	USD	2 Qtrs
Coal sales	`CoalProductsAndServicesRevenue`	$95.32M	USD	1 Quarter
Coal sales	`CoalProductsAndServicesRevenue`	$142.07M	USD	2 Qtrs
Coal sales	`CoalProductsAndServicesRevenue`	$66.27M	USD	1 Quarter
MSHA reimbursement	`ReimbursementRevenue`	$1.75M	USD	2 Qtrs
MSHA reimbursement	`ReimbursementRevenue`	$1.75M	USD	1 Quarter
Other income	`OtherSalesRevenueNet`	$120.00K	USD	1 Quarter
Other income	`OtherSalesRevenueNet`	$363.00K	USD	1 Quarter
Other income	`OtherSalesRevenueNet`	$872.00K	USD	2 Qtrs
Other income	`OtherSalesRevenueNet`	$853.00K	USD	2 Qtrs
Revenue	`Revenues`	$193.25M	USD	2 Qtrs
Revenue	`Revenues`	$68.56M	USD	1 Quarter
Revenue	`Revenues`	$95.25M	USD	1 Quarter
Revenue	`Revenues`	$144.45M	USD	2 Qtrs
Operating costs and expenses	`CostOfCoalProductsAndServices`	$95.17M	USD	2 Qtrs
Operating costs and expenses	`CostOfCoalProductsAndServices`	$68.28M	USD	1 Quarter
Operating costs and expenses	`CostOfCoalProductsAndServices`	$45.40M	USD	1 Quarter
Operating costs and expenses	`CostOfCoalProductsAndServices`	$134.43M	USD	2 Qtrs
DD&A	`DepreciationDepletionAndAmortization`	$9.06M	USD	1 Quarter
DD&A	`DepreciationDepletionAndAmortization`	$18.24M	USD	2 Qtrs
DD&A	`DepreciationDepletionAndAmortization`	$10.77M	USD	1 Quarter
DD&A	`DepreciationDepletionAndAmortization`	$22.11M	USD	2 Qtrs
Coal exploration costs	`ExplorationExpenseMining`	$395.00K	USD	1 Quarter
Coal exploration costs	`ExplorationExpenseMining`	$1.20M	USD	2 Qtrs
Coal exploration costs	`ExplorationExpenseMining`	$492.00K	USD	1 Quarter
Coal exploration costs	`ExplorationExpenseMining`	$814.00K	USD	2 Qtrs
SG&A	`SellingGeneralAndAdministrativeExpense`	$6.42M	USD	2 Qtrs
SG&A	`SellingGeneralAndAdministrativeExpense`	$5.49M	USD	2 Qtrs
SG&A	`SellingGeneralAndAdministrativeExpense`	$3.08M	USD	1 Quarter
SG&A	`SellingGeneralAndAdministrativeExpense`	$2.73M	USD	1 Quarter
Interest	`InterestExpense`	$8.78M	USD	2 Qtrs
Interest	`InterestExpense`	$3.32M	USD	1 Quarter
Interest	`InterestExpense`	$4.75M	USD	1 Quarter
Interest	`InterestExpense`	$10.60M	USD	2 Qtrs
Costs and expenses	`CostsAndExpenses`	$172.94M	USD	2 Qtrs
Costs and expenses	`CostsAndExpenses`	$62.33M	USD	1 Quarter
Costs and expenses	`CostsAndExpenses`	$130.31M	USD	2 Qtrs
Costs and expenses	`CostsAndExpenses`	$85.94M	USD	1 Quarter
Income before income taxes	`IncomeLossFromContinuingOperationsBeforeIncomeTaxesMinorityInterestAndIncomeLossFromEquityMethodInvestments`	$14.13M	USD	2 Qtrs
Income before income taxes	`IncomeLossFromContinuingOperationsBeforeIncomeTaxesMinorityInterestAndIncomeLossFromEquityMethodInvestments`	$20.31M	USD	2 Qtrs
Income before income taxes	`IncomeLossFromContinuingOperationsBeforeIncomeTaxesMinorityInterestAndIncomeLossFromEquityMethodInvestments`	$9.31M	USD	1 Quarter
Income before income taxes	`IncomeLossFromContinuingOperationsBeforeIncomeTaxesMinorityInterestAndIncomeLossFromEquityMethodInvestments`	$6.24M	USD	1 Quarter
Current	`CurrentIncomeTaxExpenseBenefit`	$551.00K	USD	2 Qtrs
Current	`CurrentIncomeTaxExpenseBenefit`	$-865.00K	USD	1 Quarter
Current	`CurrentIncomeTaxExpenseBenefit`	$-768.00K	USD	1 Quarter
Deferred	`DeferredIncomeTaxExpenseBenefit`	$3.32M	USD	1 Quarter
Deferred	`DeferredIncomeTaxExpenseBenefit`	$2.12M	USD	2 Qtrs
Deferred	`DeferredIncomeTaxExpenseBenefit`	$5.32M	USD	2 Qtrs
Deferred	`DeferredIncomeTaxExpenseBenefit`	$1.15M	USD	1 Quarter
Income taxes	`IncomeTaxExpenseBenefit`	$2.46M	USD	1 Quarter
Income taxes	`IncomeTaxExpenseBenefit`	$382.00K	USD	1 Quarter
Income taxes	`IncomeTaxExpenseBenefit`	$5.87M	USD	2 Qtrs
Income taxes	`IncomeTaxExpenseBenefit`	$2.12M	USD	2 Qtrs
Net income	`NetIncomeLoss`	$6.85M	USD	1 Quarter
Net income	`NetIncomeLoss`	$14.44M	USD	2 Qtrs
Net income	`NetIncomeLoss`	$5.85M	USD	1 Quarter
Net income	`NetIncomeLoss`	$12.02M	USD	2 Qtrs
Basic and diluted (in Dollars per share)	`EarningsPerShareBasicAndDiluted`	$0.19	USD	1 Quarter
Basic and diluted (in Dollars per share)	`EarningsPerShareBasicAndDiluted`	$0.23	USD	1 Quarter
Basic and diluted (in Dollars per share)	`EarningsPerShareBasicAndDiluted`	$0.48	USD	2 Qtrs
Basic and diluted (in Dollars per share)	`EarningsPerShareBasicAndDiluted`	$0.40	USD	2 Qtrs
Basic and diluted (in Shares)	`WeightedAverageNumberOfShareOutstandingBasicAndDiluted`	28.99M	shares	2 Qtrs
Basic and diluted (in Shares)	`WeightedAverageNumberOfShareOutstandingBasicAndDiluted`	29.25M	shares	1 Quarter
Basic and diluted (in Shares)	`WeightedAverageNumberOfShareOutstandingBasicAndDiluted`	29.25M	shares	2 Qtrs
Basic and diluted (in Shares)	`WeightedAverageNumberOfShareOutstandingBasicAndDiluted`	29.02M	shares	1 Quarter
Net change in the estimated fair value of interest rate swap	`IncreaseDecreaseInFairValueOfHedgedItemInInterestRateFairValueHedge1`	$607.00K	USD	2 Qtrs
Net change in the estimated fair value of interest rate swap	`IncreaseDecreaseInFairValueOfHedgedItemInInterestRateFairValueHedge1`	$1.75M	USD	2 Qtrs
Change in fair value of interest rate swaps	`IncreaseDecreaseInFairValueOfInterestRateFairValueHedgingInstruments1`	$-702.00K	USD	1 Quarter
Change in fair value of interest rate swaps	`IncreaseDecreaseInFairValueOfInterestRateFairValueHedgingInstruments1`	$249.00K	USD	1 Quarter

Cash Flow Statement 27 line items

Line Item	Tag	Value	Unit	Period
Cash provided by operating activities	`NetCashProvidedByUsedInOperatingActivitiesContinuingOperations`	$57.81M	USD	2 Qtrs
Cash provided by operating activities	`NetCashProvidedByUsedInOperatingActivitiesContinuingOperations`	$30.39M	USD	2 Qtrs
Purchase of Freelandville assets	`PaymentsToAcquireProductiveAssets`	$18.00M	USD	2 Qtrs
Capital expenditures for coal properties	`PaymentsToAcquireMiningAssets`	$23.04M	USD	2 Qtrs
Capital expenditures for coal properties	`PaymentsToAcquireMiningAssets`	$7.88M	USD	2 Qtrs
Other	`PaymentsForProceedsFromOtherInvestingActivities`	$-186.00K	USD	2 Qtrs
Other	`PaymentsForProceedsFromOtherInvestingActivities`	$603.00K	USD	2 Qtrs
Cash used in investing activities	`NetCashProvidedByUsedInInvestingActivitiesContinuingOperations`	$-23.64M	USD	2 Qtrs
Cash used in investing activities	`NetCashProvidedByUsedInInvestingActivitiesContinuingOperations`	$-25.69M	USD	2 Qtrs
Bank borrowings	`ProceedsFromOtherDebt`	$15.00M	USD	2 Qtrs
Debt issuance cost	`PaymentsOfFinancingCosts`	$2.09M	USD	2 Qtrs
Dividends	`PaymentsOfDividendsCommonStock`	$2.39M	USD	2 Qtrs
Dividends	`PaymentsOfDividendsCommonStock`	$2.40M	USD	2 Qtrs
Payments on bank debt	`RepaymentsOfBankDebt`	$28.75M	USD	2 Qtrs
Payments on bank debt	`RepaymentsOfBankDebt`	$14.93M	USD	2 Qtrs
Cash used in financing activities	`NetCashProvidedByUsedInFinancingActivitiesContinuingOperations`	$-4.41M	USD	2 Qtrs
Cash used in financing activities	`NetCashProvidedByUsedInFinancingActivitiesContinuingOperations`	$-31.15M	USD	2 Qtrs
Increase in cash and cash equivalents	`CashAndCashEquivalentsPeriodIncreaseDecrease`	$287.00K	USD	2 Qtrs
Increase in cash and cash equivalents	`CashAndCashEquivalentsPeriodIncreaseDecrease`	$3.02M	USD	2 Qtrs
Cash and cash equivalents, beginning of period	`CashAndCashEquivalentsAtCarryingValue`	$16.49M	USD	Point-in-time
Cash and cash equivalents, beginning of period	`CashAndCashEquivalentsAtCarryingValue`	$15.93M	USD	Point-in-time
Cash and cash equivalents, beginning of period	`CashAndCashEquivalentsAtCarryingValue`	$13.47M	USD	Point-in-time
Cash and cash equivalents, beginning of period	`CashAndCashEquivalentsAtCarryingValue`	$16.22M	USD	Point-in-time
Cash and cash equivalents, end of period	`CashAndCashEquivalentsAtCarryingValue`	$16.49M	USD	Point-in-time
Cash and cash equivalents, end of period	`CashAndCashEquivalentsAtCarryingValue`	$15.93M	USD	Point-in-time
Cash and cash equivalents, end of period	`CashAndCashEquivalentsAtCarryingValue`	$13.47M	USD	Point-in-time
Cash and cash equivalents, end of period	`CashAndCashEquivalentsAtCarryingValue`	$16.22M	USD	Point-in-time

Stockholders Equity 11 line items

Line Item	Tag	Value	Unit	Period
Balance	`StockholdersEquity`	$206.82M	USD	Point-in-time
Balance	`StockholdersEquity`	$218.33M	USD	Point-in-time
Stock-based compensation	`RestrictedStockExpense`	$1.18M	USD	2 Qtrs
Other	`OtherComprehensiveIncomeUnrealizedHoldingGainLossOnSecuritiesArisingDuringPeriodNetOfTax`	$706.00K	USD	2 Qtrs
Dividends	`Dividends`	$2.39M	USD	2 Qtrs
Net income	`NetIncomeLoss`	$6.85M	USD	1 Quarter
Net income	`NetIncomeLoss`	$14.44M	USD	2 Qtrs
Net income	`NetIncomeLoss`	$5.85M	USD	1 Quarter
Net income	`NetIncomeLoss`	$12.02M	USD	2 Qtrs
Balance	`StockholdersEquity`	$206.82M	USD	Point-in-time
Balance	`StockholdersEquity`	$218.33M	USD	Point-in-time

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