10-Q Filing

HALLADOR ENERGY CO CIK: 788965 Q3 2016

Filing Information

Form Type	10-Q
Accession Number	`0001144204-16-131748`
Period End Date	20160930
Filing Date	20161104
Fiscal Year	2016
Fiscal Period	Q3
XBRL Instance	hnrg-20160930.xml

Filing Contents

This filing contains the following financial statements:

Balance Sheet 80 Income Statement 68 Cash Flow Statement 27 Stockholders Equity 12

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`	29.27M	shares	Point-in-time
Cash and cash equivalents	`CashAndCashEquivalentsAtCarryingValue`	$19.50M	USD	Point-in-time
Cash and cash equivalents	`CashAndCashEquivalentsAtCarryingValue`	$12.82M	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
Marketable securities	`MarketableSecuritiesCurrent`	$1.70M	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`	$19.11M	USD	Point-in-time
Prepaid income taxes	`PrepaidTaxes`	$5.31M	USD	Point-in-time
Prepaid income taxes	`PrepaidTaxes`	$3.48M	USD	Point-in-time
Coal inventory	`EnergyRelatedInventoryCoal`	$13.27M	USD	Point-in-time
Coal inventory	`EnergyRelatedInventoryCoal`	$14.91M	USD	Point-in-time
Parts and supply inventory	`OtherInventorySupplies`	$9.98M	USD	Point-in-time
Parts and supply inventory	`OtherInventorySupplies`	$11.26M	USD	Point-in-time
Other	`OtherAssetsCurrent`	$3.12M	USD	Point-in-time
Other	`OtherAssetsCurrent`	$1.19M	USD	Point-in-time
Total current assets	`AssetsCurrent`	$63.48M	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`	$126.45M	USD	Point-in-time
Buildings and equipment	`PropertyPlantAndEquipmentGross`	$352.85M	USD	Point-in-time
Buildings and equipment	`PropertyPlantAndEquipmentGross`	$347.96M	USD	Point-in-time
Mine development	`ConstructionInProgressGross`	$131.03M	USD	Point-in-time
Mine development	`ConstructionInProgressGross`	$136.68M	USD	Point-in-time
Total coal properities, at cost	`CoalPropertiesAtCost`	$615.97M	USD	Point-in-time
Total coal properities, at cost	`CoalPropertiesAtCost`	$595.20M	USD	Point-in-time
Less - accumulated DD&A	`AccumulatedDepreciationDepletionAndAmortizationPropertyPlantAndEquipment`	$149.96M	USD	Point-in-time
Less - accumulated DD&A	`AccumulatedDepreciationDepletionAndAmortizationPropertyPlantAndEquipment`	$175.98M	USD	Point-in-time
Total coal properties, net	`CoalPropertiesNet`	$445.24M	USD	Point-in-time
Total coal properties, net	`CoalPropertiesNet`	$439.99M	USD	Point-in-time
Other assets (Note 5)	`OtherAssetsNoncurrent`	$21.61M	USD	Point-in-time
Other assets (Note 5)	`OtherAssetsNoncurrent`	$11.42M	USD	Point-in-time
Total assets	`Assets`	$540.08M	USD	Point-in-time
Total assets	`Assets`	$540.38M	USD	Point-in-time
Current portion of bank debt, net	`LongTermDebtCurrent`	$24.86M	USD	Point-in-time
Current portion of bank debt, net	`LongTermDebtCurrent`	$26.61M	USD	Point-in-time
Accounts payable and accrued liabilities	`AccountsPayableAndAccruedLiabilitiesCurrent`	$16.73M	USD	Point-in-time
Accounts payable and accrued liabilities	`AccountsPayableAndAccruedLiabilitiesCurrent`	$26.18M	USD	Point-in-time
Total current liabilities	`LiabilitiesCurrent`	$51.04M	USD	Point-in-time
Total current liabilities	`LiabilitiesCurrent`	$43.33M	USD	Point-in-time
Bank debt, net	`LongTermLineOfCredit`	$219.50M	USD	Point-in-time
Bank debt, net	`LongTermLineOfCredit`	$206.04M	USD	Point-in-time
Deferred income taxes	`DeferredTaxLiabilitiesNoncurrent`	$49.03M	USD	Point-in-time
Deferred income taxes	`DeferredTaxLiabilitiesNoncurrent`	$52.19M	USD	Point-in-time
Asset retirement obligations	`AssetRetirementObligationsNoncurrent`	$12.23M	USD	Point-in-time
Asset retirement obligations	`AssetRetirementObligationsNoncurrent`	$12.99M	USD	Point-in-time
Other	`OtherLiabilitiesNoncurrent`	$1.75M	USD	Point-in-time
Other	`OtherLiabilitiesNoncurrent`	$3.31M	USD	Point-in-time
Total long-term liabilities	`LiabilitiesNoncurrent`	$274.53M	USD	Point-in-time
Total long-term liabilities	`LiabilitiesNoncurrent`	$282.52M	USD	Point-in-time
Total liabilities	`Liabilities`	$317.86M	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; 29,268 and 29,251 shares outstanding, respectively	`CommonStockValue`	$292.00K	USD	Point-in-time
Common stock, $.01 par value, 100,000 shares authorized; 29,268 and 29,251 shares outstanding, respectively	`CommonStockValue`	$292.00K	USD	Point-in-time
Additional paid-in capital	`AdditionalPaidInCapital`	$94.19M	USD	Point-in-time
Additional paid-in capital	`AdditionalPaidInCapital`	$92.28M	USD	Point-in-time
Retained earnings	`RetainedEarningsAccumulatedDeficit`	$127.08M	USD	Point-in-time
Retained earnings	`RetainedEarningsAccumulatedDeficit`	$114.34M	USD	Point-in-time
Accumulated other comprehensive income (loss)	`AccumulatedOtherComprehensiveIncomeLossNetOfTax`	$-88.00K	USD	Point-in-time
Accumulated other comprehensive income (loss)	`AccumulatedOtherComprehensiveIncomeLossNetOfTax`	$656.00K	USD	Point-in-time
Total stockholders' equity	`StockholdersEquity`	$222.22M	USD	Point-in-time
Total stockholders' equity	`StockholdersEquity`	$206.82M	USD	Point-in-time
Total liabilities and stockholders' equity	`LiabilitiesAndStockholdersEquity`	$540.08M	USD	Point-in-time
Total liabilities and stockholders' equity	`LiabilitiesAndStockholdersEquity`	$540.38M	USD	Point-in-time

Income Statement 68 line items

Line Item	Tag	Value	Unit	Period
Coal sales	`CoalProductsAndServicesRevenue`	$81.33M	USD	1 Quarter
Coal sales	`CoalProductsAndServicesRevenue`	$273.73M	USD	3 Qtrs
Coal sales	`CoalProductsAndServicesRevenue`	$207.43M	USD	3 Qtrs
Coal sales	`CoalProductsAndServicesRevenue`	$65.36M	USD	1 Quarter
MSHA reimbursement	`ReimbursementRevenue`	$1.75M	USD	3 Qtrs
Other income	`OtherSalesRevenueNet`	$753.00K	USD	1 Quarter
Other income	`OtherSalesRevenueNet`	$1.34M	USD	3 Qtrs
Other income	`OtherSalesRevenueNet`	$1.62M	USD	3 Qtrs
Other income	`OtherSalesRevenueNet`	$487.00K	USD	1 Quarter
Total revenue	`Revenues`	$82.01M	USD	1 Quarter
Total revenue	`Revenues`	$65.77M	USD	1 Quarter
Total revenue	`Revenues`	$210.22M	USD	3 Qtrs
Total revenue	`Revenues`	$275.27M	USD	3 Qtrs
Operating costs and expenses	`CostOfCoalProductsAndServices`	$191.43M	USD	3 Qtrs
Operating costs and expenses	`CostOfCoalProductsAndServices`	$142.11M	USD	3 Qtrs
Operating costs and expenses	`CostOfCoalProductsAndServices`	$56.99M	USD	1 Quarter
Operating costs and expenses	`CostOfCoalProductsAndServices`	$46.94M	USD	1 Quarter
DD&A	`DepreciationDepletionAndAmortization`	$7.94M	USD	1 Quarter
DD&A	`DepreciationDepletionAndAmortization`	$26.18M	USD	3 Qtrs
DD&A	`DepreciationDepletionAndAmortization`	$10.65M	USD	1 Quarter
DD&A	`DepreciationDepletionAndAmortization`	$32.76M	USD	3 Qtrs
Exploration and permitting costs	`ExplorationExpenseMining`	$381.00K	USD	1 Quarter
Exploration and permitting costs	`ExplorationExpenseMining`	$1.58M	USD	3 Qtrs
Exploration and permitting costs	`ExplorationExpenseMining`	$1.17M	USD	3 Qtrs
Exploration and permitting costs	`ExplorationExpenseMining`	$354.00K	USD	1 Quarter
SG&A	`SellingGeneralAndAdministrativeExpense`	$9.43M	USD	3 Qtrs
SG&A	`SellingGeneralAndAdministrativeExpense`	$2.58M	USD	1 Quarter
SG&A	`SellingGeneralAndAdministrativeExpense`	$3.00M	USD	1 Quarter
SG&A	`SellingGeneralAndAdministrativeExpense`	$8.08M	USD	3 Qtrs
Interest	`InterestExpense`	$2.86M	USD	1 Quarter
Interest	`InterestExpense`	$5.18M	USD	1 Quarter
Interest	`InterestExpense`	$13.46M	USD	3 Qtrs
Interest	`InterestExpense`	$13.96M	USD	3 Qtrs
Total costs and expenses	`CostsAndExpenses`	$76.20M	USD	1 Quarter
Total costs and expenses	`CostsAndExpenses`	$60.68M	USD	1 Quarter
Total costs and expenses	`CostsAndExpenses`	$249.15M	USD	3 Qtrs
Total costs and expenses	`CostsAndExpenses`	$191.00M	USD	3 Qtrs
Income before income taxes	`IncomeLossFromContinuingOperationsBeforeIncomeTaxesMinorityInterestAndIncomeLossFromEquityMethodInvestments`	$5.08M	USD	1 Quarter
Income before income taxes	`IncomeLossFromContinuingOperationsBeforeIncomeTaxesMinorityInterestAndIncomeLossFromEquityMethodInvestments`	$26.12M	USD	3 Qtrs
Income before income taxes	`IncomeLossFromContinuingOperationsBeforeIncomeTaxesMinorityInterestAndIncomeLossFromEquityMethodInvestments`	$19.22M	USD	3 Qtrs
Income before income taxes	`IncomeLossFromContinuingOperationsBeforeIncomeTaxesMinorityInterestAndIncomeLossFromEquityMethodInvestments`	$5.81M	USD	1 Quarter
Current	`CurrentIncomeTaxExpenseBenefit`	$680.00K	USD	1 Quarter
Current	`CurrentIncomeTaxExpenseBenefit`	$1.23M	USD	3 Qtrs
Current	`CurrentIncomeTaxExpenseBenefit`	$-270.00K	USD	3 Qtrs
Deferred	`DeferredIncomeTaxExpenseBenefit`	$5.30M	USD	3 Qtrs
Deferred	`DeferredIncomeTaxExpenseBenefit`	$3.15M	USD	3 Qtrs
Deferred	`DeferredIncomeTaxExpenseBenefit`	$763.00K	USD	1 Quarter
Deferred	`DeferredIncomeTaxExpenseBenefit`	$-14.00K	USD	1 Quarter
Total income taxes	`IncomeTaxExpenseBenefit`	$6.53M	USD	3 Qtrs
Total income taxes	`IncomeTaxExpenseBenefit`	$2.88M	USD	3 Qtrs
Total income taxes	`IncomeTaxExpenseBenefit`	$763.00K	USD	1 Quarter
Total income taxes	`IncomeTaxExpenseBenefit`	$666.00K	USD	1 Quarter
Net income (loss)	`NetIncomeLoss`	$16.34M	USD	3 Qtrs
Net income (loss)	`NetIncomeLoss`	$19.59M	USD	3 Qtrs
Net income (loss)	`NetIncomeLoss`	$5.14M	USD	1 Quarter
Net income (loss)	`NetIncomeLoss`	$4.32M	USD	1 Quarter
Basic and diluted (in Dollars per share)	`EarningsPerShareBasicAndDiluted`	$0.54	USD	3 Qtrs
Basic and diluted (in Dollars per share)	`EarningsPerShareBasicAndDiluted`	$0.17	USD	1 Quarter
Basic and diluted (in Dollars per share)	`EarningsPerShareBasicAndDiluted`	$0.14	USD	1 Quarter
Basic and diluted (in Dollars per share)	`EarningsPerShareBasicAndDiluted`	$0.65	USD	3 Qtrs
Basic and diluted (in Shares)	`WeightedAverageNumberOfShareOutstandingBasicAndDiluted`	29.01M	shares	3 Qtrs
Basic and diluted (in Shares)	`WeightedAverageNumberOfShareOutstandingBasicAndDiluted`	29.25M	shares	1 Quarter
Basic and diluted (in Shares)	`WeightedAverageNumberOfShareOutstandingBasicAndDiluted`	29.04M	shares	1 Quarter
Basic and diluted (in Shares)	`WeightedAverageNumberOfShareOutstandingBasicAndDiluted`	29.25M	shares	3 Qtrs
Net change in the estimated fair value of interest rate swap	`IncreaseDecreaseInFairValueOfHedgedItemInInterestRateFairValueHedge1`	$1.86M	USD	3 Qtrs
Net change in the estimated fair value of interest rate swap	`IncreaseDecreaseInFairValueOfHedgedItemInInterestRateFairValueHedge1`	$793.00K	USD	3 Qtrs
Change in fair value of interest rate swaps	`IncreaseDecreaseInFairValueOfInterestRateFairValueHedgingInstruments1`	$-955.00K	USD	1 Quarter
Change in fair value of interest rate swaps	`IncreaseDecreaseInFairValueOfInterestRateFairValueHedgingInstruments1`	$1.25M	USD	1 Quarter

Cash Flow Statement 27 line items

Line Item	Tag	Value	Unit	Period
Cash provided by operating activities	`NetCashProvidedByUsedInOperatingActivitiesContinuingOperations`	$76.57M	USD	3 Qtrs
Cash provided by operating activities	`NetCashProvidedByUsedInOperatingActivitiesContinuingOperations`	$43.69M	USD	3 Qtrs
Purchase of Freelandville assets	`PaymentsToAcquireProductiveAssets`	$18.00M	USD	3 Qtrs
Capital expenditures	`PaymentsToAcquireMiningAssets`	$11.81M	USD	3 Qtrs
Capital expenditures	`PaymentsToAcquireMiningAssets`	$27.11M	USD	3 Qtrs
Other	`PaymentsForProceedsFromOtherInvestingActivities`	$-478.00K	USD	3 Qtrs
Other	`PaymentsForProceedsFromOtherInvestingActivities`	$-186.00K	USD	3 Qtrs
Cash used in investing activities	`NetCashProvidedByUsedInInvestingActivitiesContinuingOperations`	$-26.63M	USD	3 Qtrs
Cash used in investing activities	`NetCashProvidedByUsedInInvestingActivitiesContinuingOperations`	$-29.62M	USD	3 Qtrs
Bank borrowings	`ProceedsFromOtherDebt`	$15.00M	USD	3 Qtrs
Debt issuance cost	`PaymentsOfFinancingCosts`	$2.09M	USD	3 Qtrs
Payments on bank debt	`RepaymentsOfBankDebt`	$40.31M	USD	3 Qtrs
Payments on bank debt	`RepaymentsOfBankDebt`	$26.49M	USD	3 Qtrs
Dividends	`PaymentsOfDividendsCommonStock`	$3.60M	USD	3 Qtrs
Dividends	`PaymentsOfDividendsCommonStock`	$3.60M	USD	3 Qtrs
Cash used in financing activities	`NetCashProvidedByUsedInFinancingActivitiesContinuingOperations`	$-17.18M	USD	3 Qtrs
Cash used in financing activities	`NetCashProvidedByUsedInFinancingActivitiesContinuingOperations`	$-43.91M	USD	3 Qtrs
Increase (decrease) in cash and cash equivalents	`CashAndCashEquivalentsPeriodIncreaseDecrease`	$6.03M	USD	3 Qtrs
Increase (decrease) in cash and cash equivalents	`CashAndCashEquivalentsPeriodIncreaseDecrease`	$-3.11M	USD	3 Qtrs
Cash and cash equivalents, beginning of period	`CashAndCashEquivalentsAtCarryingValue`	$19.50M	USD	Point-in-time
Cash and cash equivalents, beginning of period	`CashAndCashEquivalentsAtCarryingValue`	$12.82M	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, end of period	`CashAndCashEquivalentsAtCarryingValue`	$19.50M	USD	Point-in-time
Cash and cash equivalents, end of period	`CashAndCashEquivalentsAtCarryingValue`	$12.82M	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

Stockholders Equity 12 line items

Line Item	Tag	Value	Unit	Period
Balance	`StockholdersEquity`	$222.22M	USD	Point-in-time
Balance	`StockholdersEquity`	$206.82M	USD	Point-in-time
Stock-based compensation	`RestrictedStockExpense`	$1.82M	USD	3 Qtrs
Taxes paid on RSU vesting	`TaxesPaidOnRestrictedStockUnitsVesting`	$-3.00K	USD	3 Qtrs
Dividends	`Dividends`	$3.60M	USD	3 Qtrs
Net income	`NetIncomeLoss`	$16.34M	USD	3 Qtrs
Net income	`NetIncomeLoss`	$19.59M	USD	3 Qtrs
Net income	`NetIncomeLoss`	$5.14M	USD	1 Quarter
Net income	`NetIncomeLoss`	$4.32M	USD	1 Quarter
Other	`StockholdersEquityOther`	$844.00K	USD	3 Qtrs
Balance	`StockholdersEquity`	$222.22M	USD	Point-in-time
Balance	`StockholdersEquity`	$206.82M	USD	Point-in-time

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