10-Q Filing

HALLADOR ENERGY CO CIK: 788965 Q2 2017

Filing Information

Form Type	10-Q
Accession Number	`0001144204-17-041245`
Period End Date	20170630
Filing Date	20170808
Fiscal Year	2017
Fiscal Period	Q2
XBRL Instance	hnrg-20170630.xml

Filing Contents

This filing contains the following financial statements:

Balance Sheet 82 Income Statement 75 Cash Flow Statement 29 Stockholders Equity 16

Balance Sheet 82 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`	29.41M	shares	Point-in-time
Common stock, outstanding	`CommonStockSharesOutstanding`	29.76M	shares	Point-in-time
Cash and cash equivalents	`CashAndCashEquivalentsAtCarryingValue`	$10.08M	USD	Point-in-time
Cash and cash equivalents	`CashAndCashEquivalentsAtCarryingValue`	$16.22M	USD	Point-in-time
Cash and cash equivalents	`CashAndCashEquivalentsAtCarryingValue`	$9.79M	USD	Point-in-time
Cash and cash equivalents	`CashAndCashEquivalentsAtCarryingValue`	$15.93M	USD	Point-in-time
Restricted cash (Note 5)	`RestrictedCashAndCashEquivalents`	$2.82M	USD	Point-in-time
Restricted cash (Note 5)	`RestrictedCashAndCashEquivalents`	$3.32M	USD	Point-in-time
Certificates of deposit	`CertificatesOfDepositAtCarryingValue`	$7.32M	USD	Point-in-time
Certificates of deposit	`CertificatesOfDepositAtCarryingValue`	$3.44M	USD	Point-in-time
Marketable securities	`MarketableSecuritiesCurrent`	$1.76M	USD	Point-in-time
Marketable securities	`MarketableSecuritiesCurrent`	$1.85M	USD	Point-in-time
Accounts receivable	`AccountsReceivableNetCurrent`	$22.31M	USD	Point-in-time
Accounts receivable	`AccountsReceivableNetCurrent`	$17.11M	USD	Point-in-time
Coal inventory	`EnergyRelatedInventoryCoal`	$22.79M	USD	Point-in-time
Coal inventory	`EnergyRelatedInventoryCoal`	$10.10M	USD	Point-in-time
Parts and supply inventory	`OtherInventorySupplies`	$10.44M	USD	Point-in-time
Parts and supply inventory	`OtherInventorySupplies`	$10.09M	USD	Point-in-time
Purchased coal contracts	`CommodityContractAssetCurrent`	$8.92M	USD	Point-in-time
Purchased coal contracts	`CommodityContractAssetCurrent`	$4.48M	USD	Point-in-time
Prepaid expenses	`PrepaidExpenseCurrent`	$11.17M	USD	Point-in-time
Prepaid expenses	`PrepaidExpenseCurrent`	$9.65M	USD	Point-in-time
Total current assets	`AssetsCurrent`	$84.67M	USD	Point-in-time
Total current assets	`AssetsCurrent`	$82.75M	USD	Point-in-time
Land and mineral rights	`MineralRights`	$126.30M	USD	Point-in-time
Land and mineral rights	`MineralRights`	$126.68M	USD	Point-in-time
Buildings and equipment	`PropertyPlantAndEquipmentGross`	$340.00M	USD	Point-in-time
Buildings and equipment	`PropertyPlantAndEquipmentGross`	$346.05M	USD	Point-in-time
Mine development	`ConstructionInProgressGross`	$126.04M	USD	Point-in-time
Mine development	`ConstructionInProgressGross`	$131.94M	USD	Point-in-time
Total coal properities, at cost	`CoalPropertiesAtCost`	$604.68M	USD	Point-in-time
Total coal properities, at cost	`CoalPropertiesAtCost`	$592.34M	USD	Point-in-time
Less - accumulated DD&A	`AccumulatedDepreciationDepletionAndAmortizationPropertyPlantAndEquipment`	$187.16M	USD	Point-in-time
Less - accumulated DD&A	`AccumulatedDepreciationDepletionAndAmortizationPropertyPlantAndEquipment`	$169.58M	USD	Point-in-time
Total coal properties, net	`CoalPropertiesNet`	$422.76M	USD	Point-in-time
Total coal properties, net	`CoalPropertiesNet`	$417.52M	USD	Point-in-time
Other assets (Note 4)	`OtherAssetsNoncurrent`	$14.11M	USD	Point-in-time
Other assets (Note 4)	`OtherAssetsNoncurrent`	$13.77M	USD	Point-in-time
Total assets	`Assets`	$527.92M	USD	Point-in-time
Total assets	`Assets`	$531.32M	USD	Point-in-time
Current portion of bank debt, net	`LinesOfCreditCurrent`	$28.80M	USD	Point-in-time
Current portion of bank debt, net	`LinesOfCreditCurrent`	$33.17M	USD	Point-in-time
Accounts payable and accrued liabilities	`AccountsPayableAndAccruedLiabilitiesCurrent`	$19.77M	USD	Point-in-time
Accounts payable and accrued liabilities	`AccountsPayableAndAccruedLiabilitiesCurrent`	$19.90M	USD	Point-in-time
Total current liabilities	`LiabilitiesCurrent`	$53.08M	USD	Point-in-time
Total current liabilities	`LiabilitiesCurrent`	$48.57M	USD	Point-in-time
Bank debt, net	`LongTermLineOfCredit`	$188.36M	USD	Point-in-time
Bank debt, net	`LongTermLineOfCredit`	$204.94M	USD	Point-in-time
Deferred income taxes	`DeferredTaxLiabilitiesNoncurrent`	$45.17M	USD	Point-in-time
Deferred income taxes	`DeferredTaxLiabilitiesNoncurrent`	$44.78M	USD	Point-in-time
Asset retirement obligations (ARO)	`AssetRetirementObligationsNoncurrent`	$13.48M	USD	Point-in-time
Asset retirement obligations (ARO)	`AssetRetirementObligationsNoncurrent`	$13.26M	USD	Point-in-time
Other	`OtherLiabilitiesNoncurrent`	$2.81M	USD	Point-in-time
Other	`OtherLiabilitiesNoncurrent`	$2.49M	USD	Point-in-time
Total long-term liabilities	`LiabilitiesNoncurrent`	$265.86M	USD	Point-in-time
Total long-term liabilities	`LiabilitiesNoncurrent`	$249.43M	USD	Point-in-time
Total liabilities	`Liabilities`	$314.43M	USD	Point-in-time
Total liabilities	`Liabilities`	$302.50M	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; 29,763 and 29,413 shares	`CommonStockValue`	$297.00K	USD	Point-in-time
Common stock, $.01 par value, 100,000 shares authorized; 29,763 and 29,413 shares	`CommonStockValue`	$294.00K	USD	Point-in-time
Additional paid-in capital	`AdditionalPaidInCapital`	$96.92M	USD	Point-in-time
Additional paid-in capital	`AdditionalPaidInCapital`	$93.82M	USD	Point-in-time
Retained earnings	`RetainedEarningsAccumulatedDeficit`	$122.05M	USD	Point-in-time
Retained earnings	`RetainedEarningsAccumulatedDeficit`	$127.45M	USD	Point-in-time
Accumulated other comprehensive income	`AccumulatedOtherComprehensiveIncomeLossNetOfTax`	$756.00K	USD	Point-in-time
Accumulated other comprehensive income	`AccumulatedOtherComprehensiveIncomeLossNetOfTax`	$728.00K	USD	Point-in-time
Total stockholders' equity	`StockholdersEquity`	$216.89M	USD	Point-in-time
Total stockholders' equity	`StockholdersEquity`	$225.41M	USD	Point-in-time
Total liabilities and stockholders' equity	`LiabilitiesAndStockholdersEquity`	$527.92M	USD	Point-in-time
Total liabilities and stockholders' equity	`LiabilitiesAndStockholdersEquity`	$531.32M	USD	Point-in-time

Income Statement 75 line items

Line Item	Tag	Value	Unit	Period
Coal sales	`CoalProductsAndServicesRevenue`	$66.27M	USD	1 Quarter
Coal sales	`CoalProductsAndServicesRevenue`	$142.07M	USD	2 Qtrs
Coal sales	`CoalProductsAndServicesRevenue`	$125.38M	USD	2 Qtrs
Coal sales	`CoalProductsAndServicesRevenue`	$62.83M	USD	1 Quarter
MSHA reimbursement	`ReimbursementRevenue`	$1.75M	USD	1 Quarter
MSHA reimbursement	`ReimbursementRevenue`	$1.25M	USD	1 Quarter
MSHA reimbursement	`ReimbursementRevenue`	$1.64M	USD	2 Qtrs
MSHA reimbursement	`ReimbursementRevenue`	$1.75M	USD	2 Qtrs
Other income	`OtherSalesRevenueNet`	$363.00K	USD	1 Quarter
Other income	`OtherSalesRevenueNet`	$853.00K	USD	2 Qtrs
Other income	`OtherSalesRevenueNet`	$587.00K	USD	2 Qtrs
Other income	`OtherSalesRevenueNet`	$206.00K	USD	1 Quarter
Total revenue	`Revenues`	$144.45M	USD	2 Qtrs
Total revenue	`Revenues`	$68.56M	USD	1 Quarter
Total revenue	`Revenues`	$127.86M	USD	2 Qtrs
Total revenue	`Revenues`	$64.31M	USD	1 Quarter
Operating costs and expenses	`CostOfCoalProductsAndServices`	$95.17M	USD	2 Qtrs
Operating costs and expenses	`CostOfCoalProductsAndServices`	$44.08M	USD	1 Quarter
Operating costs and expenses	`CostOfCoalProductsAndServices`	$83.77M	USD	2 Qtrs
Operating costs and expenses	`CostOfCoalProductsAndServices`	$45.40M	USD	1 Quarter
DD&A	`DepreciationDepletionAndAmortization`	$18.24M	USD	2 Qtrs
DD&A	`DepreciationDepletionAndAmortization`	$18.80M	USD	2 Qtrs
DD&A	`DepreciationDepletionAndAmortization`	$9.06M	USD	1 Quarter
DD&A	`DepreciationDepletionAndAmortization`	$9.10M	USD	1 Quarter
ARO accretion	`AccretionExpense`	$421.00K	USD	2 Qtrs
ARO accretion	`AccretionExpense`	$249.00K	USD	1 Quarter
ARO accretion	`AccretionExpense`	$504.00K	USD	2 Qtrs
ARO accretion	`AccretionExpense`	$214.00K	USD	1 Quarter
Coal exploration costs	`ExplorationExpenseMining`	$414.00K	USD	2 Qtrs
Coal exploration costs	`ExplorationExpenseMining`	$275.00K	USD	1 Quarter
Coal exploration costs	`ExplorationExpenseMining`	$814.00K	USD	2 Qtrs
Coal exploration costs	`ExplorationExpenseMining`	$395.00K	USD	1 Quarter
SG&A	`SellingGeneralAndAdministrativeExpense`	$5.49M	USD	2 Qtrs
SG&A	`SellingGeneralAndAdministrativeExpense`	$6.58M	USD	1 Quarter
SG&A	`SellingGeneralAndAdministrativeExpense`	$2.73M	USD	1 Quarter
SG&A	`SellingGeneralAndAdministrativeExpense`	$9.24M	USD	2 Qtrs
Interest	`InterestExpense`	$3.34M	USD	1 Quarter
Interest	`InterestExpense`	$6.43M	USD	2 Qtrs
Interest	`InterestExpense`	$10.09M	USD	2 Qtrs
Interest	`InterestExpense`	$4.50M	USD	1 Quarter
Total costs and expenses	`CostsAndExpenses`	$62.33M	USD	1 Quarter
Total costs and expenses	`CostsAndExpenses`	$119.08M	USD	2 Qtrs
Total costs and expenses	`CostsAndExpenses`	$130.31M	USD	2 Qtrs
Total costs and expenses	`CostsAndExpenses`	$63.59M	USD	1 Quarter
Income before income taxes	`IncomeLossFromContinuingOperationsBeforeIncomeTaxesMinorityInterestAndIncomeLossFromEquityMethodInvestments`	$8.79M	USD	2 Qtrs
Income before income taxes	`IncomeLossFromContinuingOperationsBeforeIncomeTaxesMinorityInterestAndIncomeLossFromEquityMethodInvestments`	$14.13M	USD	2 Qtrs
Income before income taxes	`IncomeLossFromContinuingOperationsBeforeIncomeTaxesMinorityInterestAndIncomeLossFromEquityMethodInvestments`	$6.24M	USD	1 Quarter
Income before income taxes	`IncomeLossFromContinuingOperationsBeforeIncomeTaxesMinorityInterestAndIncomeLossFromEquityMethodInvestments`	$723.00K	USD	1 Quarter
Current	`CurrentIncomeTaxExpenseBenefit`	$1.36M	USD	1 Quarter
Current	`CurrentIncomeTaxExpenseBenefit`	$-768.00K	USD	1 Quarter
Current	`CurrentIncomeTaxExpenseBenefit`	$1.37M	USD	2 Qtrs
Deferred	`DeferredIncomeTaxExpenseBenefit`	$1.15M	USD	1 Quarter
Deferred	`DeferredIncomeTaxExpenseBenefit`	$2.12M	USD	2 Qtrs
Deferred	`DeferredIncomeTaxExpenseBenefit`	$-1.02M	USD	1 Quarter
Deferred	`DeferredIncomeTaxExpenseBenefit`	$-391.00K	USD	2 Qtrs
Total income taxes	`IncomeTaxExpenseBenefit`	$983.00K	USD	2 Qtrs
Total income taxes	`IncomeTaxExpenseBenefit`	$334.00K	USD	1 Quarter
Total income taxes	`IncomeTaxExpenseBenefit`	$382.00K	USD	1 Quarter
Total income taxes	`IncomeTaxExpenseBenefit`	$2.12M	USD	2 Qtrs
Net income	`NetIncomeLoss`	$389.00K	USD	1 Quarter
Net income	`NetIncomeLoss`	$5.85M	USD	1 Quarter
Net income	`NetIncomeLoss`	$7.80M	USD	2 Qtrs
Net income	`NetIncomeLoss`	$12.02M	USD	2 Qtrs
Basic and diluted (in Dollars per share)	`EarningsPerShareBasicAndDiluted`	$0.01	USD	1 Quarter
Basic and diluted (in Dollars per share)	`EarningsPerShareBasicAndDiluted`	$0.25	USD	2 Qtrs
Basic and diluted (in Dollars per share)	`EarningsPerShareBasicAndDiluted`	$0.40	USD	2 Qtrs
Basic and diluted (in Dollars per share)	`EarningsPerShareBasicAndDiluted`	$0.19	USD	1 Quarter
Basic and diluted (in Shares)	`WeightedAverageNumberOfShareOutstandingBasicAndDiluted`	29.25M	shares	1 Quarter
Basic and diluted (in Shares)	`WeightedAverageNumberOfShareOutstandingBasicAndDiluted`	29.46M	shares	2 Qtrs
Basic and diluted (in Shares)	`WeightedAverageNumberOfShareOutstandingBasicAndDiluted`	29.50M	shares	1 Quarter
Basic and diluted (in Shares)	`WeightedAverageNumberOfShareOutstandingBasicAndDiluted`	29.25M	shares	2 Qtrs
Net change in the estimated fair value of interest rate swap	`IncreaseDecreaseInFairValueOfHedgedItemInInterestRateFairValueHedge1`	$1.75M	USD	2 Qtrs
Net change in the estimated fair value of interest rate swap	`IncreaseDecreaseInFairValueOfHedgedItemInInterestRateFairValueHedge1`	$-440.00K	USD	2 Qtrs
Change in fair value of interest rate swaps	`IncreaseDecreaseInFairValueOfInterestRateFairValueHedgingInstruments1`	$-20.00K	USD	2 Qtrs
Change in fair value of interest rate swaps	`IncreaseDecreaseInFairValueOfInterestRateFairValueHedgingInstruments1`	$249.00K	USD	2 Qtrs

Cash Flow Statement 29 line items

Line Item	Tag	Value	Unit	Period
Cash provided by operating activities	`NetCashProvidedByUsedInOperatingActivities`	$23.46M	USD	2 Qtrs
Cash provided by operating activities	`NetCashProvidedByUsedInOperatingActivities`	$30.39M	USD	2 Qtrs
Capital expenditures	`PaymentsToAcquireOtherProductiveAssets`	$7.88M	USD	2 Qtrs
Capital expenditures	`PaymentsToAcquireOtherProductiveAssets`	$11.86M	USD	2 Qtrs
Proceeds from sale of equipment	`ProceedsFromSaleOfMachineryAndEquipment`	$343.00K	USD	2 Qtrs
Proceeds from maturities of certificates of deposit	`ProceedsFromMaturitiesPrepaymentsAndCallsOfHeldToMaturitySecurities`	$3.88M	USD	2 Qtrs
Purchase of mining assets	`PaymentsToAcquireMiningAssets`	$18.00M	USD	2 Qtrs
Other	`PaymentsForProceedsFromOtherInvestingActivities`	$-186.00K	USD	2 Qtrs
Cash used in investing activities	`NetCashProvidedByUsedInFinancingActivities`	$-25.69M	USD	2 Qtrs
Cash used in investing activities	`NetCashProvidedByUsedInFinancingActivities`	$-7.63M	USD	2 Qtrs
Payments on bank debt	`RepaymentsOfBankDebt`	$13.12M	USD	2 Qtrs
Payments on bank debt	`RepaymentsOfBankDebt`	$14.93M	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`	$2.41M	USD	2 Qtrs
Cash used in financing activities	`NetCashProvidedByUsedInInvestingActivities`	$-4.41M	USD	2 Qtrs
Cash used in financing activities	`NetCashProvidedByUsedInInvestingActivities`	$-15.53M	USD	2 Qtrs
Increase in cash and cash equivalents	`CashAndCashEquivalentsPeriodIncreaseDecrease`	$291.00K	USD	2 Qtrs
Increase in cash and cash equivalents	`CashAndCashEquivalentsPeriodIncreaseDecrease`	$287.00K	USD	2 Qtrs
Cash and cash equivalents, beginning of period	`CashAndCashEquivalentsAtCarryingValue`	$10.08M	USD	Point-in-time
Cash and cash equivalents, beginning of period	`CashAndCashEquivalentsAtCarryingValue`	$16.22M	USD	Point-in-time
Cash and cash equivalents, beginning of period	`CashAndCashEquivalentsAtCarryingValue`	$9.79M	USD	Point-in-time
Cash and cash equivalents, beginning of period	`CashAndCashEquivalentsAtCarryingValue`	$15.93M	USD	Point-in-time
Cash and cash equivalents, end of period	`CashAndCashEquivalentsAtCarryingValue`	$10.08M	USD	Point-in-time
Cash and cash equivalents, end of period	`CashAndCashEquivalentsAtCarryingValue`	$16.22M	USD	Point-in-time
Cash and cash equivalents, end of period	`CashAndCashEquivalentsAtCarryingValue`	$9.79M	USD	Point-in-time
Cash and cash equivalents, end of period	`CashAndCashEquivalentsAtCarryingValue`	$15.93M	USD	Point-in-time
Decrease in prepaid assets	`IncreaseDecreaseInPrepaidDeferredExpenseAndOtherAssets`	$1.50M	USD	1 Quarter

Stockholders Equity 16 line items

Line Item	Tag	Value	Unit	Period
Balance	`StockholdersEquity`	$216.89M	USD	Point-in-time
Balance	`StockholdersEquity`	$225.41M	USD	Point-in-time
Stock-based compensation	`RestrictedStockExpense`	$5.39M	USD	2 Qtrs
Stock-based compensation	`RestrictedStockExpense`	$1.20M	USD	2 Qtrs
Stock-based compensation	`RestrictedStockExpense`	$600.00K	USD	1 Quarter
Stock-based compensation	`RestrictedStockExpense`	$4.60M	USD	1 Quarter
Stock issued on vesting of RSUs	`StockIssuedDuringPeriodValueRestrictedStockAwardNetOfForfeitures`	$3.00K	USD	2 Qtrs
Taxes paid on RSU vesting	`AdjustmentsToAdditionalPaidInCapitalShareBasedCompensationRestrictedStockUnitsRequisiteServicePeriodRecognition`	$-2.29M	USD	2 Qtrs
Dividends	`Dividends`	$2.41M	USD	2 Qtrs
Net income	`NetIncomeLoss`	$389.00K	USD	1 Quarter
Net income	`NetIncomeLoss`	$5.85M	USD	1 Quarter
Net income	`NetIncomeLoss`	$7.80M	USD	2 Qtrs
Net income	`NetIncomeLoss`	$12.02M	USD	2 Qtrs
Other	`StockholdersEquityOther`	$28.00K	USD	2 Qtrs
Balance	`StockholdersEquity`	$216.89M	USD	Point-in-time
Balance	`StockholdersEquity`	$225.41M	USD	Point-in-time

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