10-Q Filing

HALLADOR ENERGY CO CIK: 788965 Q3 2017

Filing Information

Form Type	10-Q
Accession Number	`0001144204-17-056675`
Period End Date	20170930
Filing Date	20171107
Fiscal Year	2017
Fiscal Period	Q3
XBRL Instance	hnrg-20170930.xml

Filing Contents

This filing contains the following financial statements:

Balance Sheet 83 Income Statement 75 Cash Flow Statement 29 Stockholders Equity 16

Balance Sheet 83 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`	29.81M	shares	Point-in-time
Cash and cash equivalents	`CashAndCashEquivalentsAtCarryingValue`	$15.93M	USD	Point-in-time
Cash and cash equivalents	`CashAndCashEquivalentsAtCarryingValue`	$12.82M	USD	Point-in-time
Cash and cash equivalents	`CashAndCashEquivalentsAtCarryingValue`	$9.41M	USD	Point-in-time
Cash and cash equivalents	`CashAndCashEquivalentsAtCarryingValue`	$9.79M	USD	Point-in-time
Restricted cash (Note 5)	`RestrictedCashAndCashEquivalents`	$3.43M	USD	Point-in-time
Restricted cash (Note 5)	`RestrictedCashAndCashEquivalents`	$2.82M	USD	Point-in-time
Certificates of deposit	`CertificatesOfDepositAtCarryingValue`	$2.73M	USD	Point-in-time
Certificates of deposit	`CertificatesOfDepositAtCarryingValue`	$7.32M	USD	Point-in-time
Marketable securities	`MarketableSecuritiesCurrent`	$1.92M	USD	Point-in-time
Marketable securities	`MarketableSecuritiesCurrent`	$1.76M	USD	Point-in-time
Accounts receivable	`AccountsReceivableNetCurrent`	$16.78M	USD	Point-in-time
Accounts receivable	`AccountsReceivableNetCurrent`	$22.31M	USD	Point-in-time
Prepaid income taxes	`PrepaidTaxes`	$1.59M	USD	Point-in-time
Coal inventory	`EnergyRelatedInventoryCoal`	$15.12M	USD	Point-in-time
Coal inventory	`EnergyRelatedInventoryCoal`	$10.10M	USD	Point-in-time
Parts and supply inventory	`OtherInventorySupplies`	$10.54M	USD	Point-in-time
Parts and supply inventory	`OtherInventorySupplies`	$10.09M	USD	Point-in-time
Purchased coal contracts	`CommodityContractAssetCurrent`	$2.04M	USD	Point-in-time
Purchased coal contracts	`CommodityContractAssetCurrent`	$8.92M	USD	Point-in-time
Prepaid expenses	`PrepaidExpenseCurrent`	$10.40M	USD	Point-in-time
Prepaid expenses	`PrepaidExpenseCurrent`	$9.65M	USD	Point-in-time
Total current assets	`AssetsCurrent`	$73.97M	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`	$129.72M	USD	Point-in-time
Buildings and equipment	`PropertyPlantAndEquipmentGross`	$340.00M	USD	Point-in-time
Buildings and equipment	`PropertyPlantAndEquipmentGross`	$351.33M	USD	Point-in-time
Mine development	`ConstructionInProgressGross`	$126.04M	USD	Point-in-time
Mine development	`ConstructionInProgressGross`	$134.54M	USD	Point-in-time
Total coal properities, at cost	`CoalPropertiesAtCost`	$592.34M	USD	Point-in-time
Total coal properities, at cost	`CoalPropertiesAtCost`	$615.60M	USD	Point-in-time
Less - accumulated DD&A	`AccumulatedDepreciationDepletionAndAmortizationPropertyPlantAndEquipment`	$169.58M	USD	Point-in-time
Less - accumulated DD&A	`AccumulatedDepreciationDepletionAndAmortizationPropertyPlantAndEquipment`	$196.81M	USD	Point-in-time
Total coal properties, net	`CoalPropertiesNet`	$422.76M	USD	Point-in-time
Total coal properties, net	`CoalPropertiesNet`	$418.79M	USD	Point-in-time
Other assets (Note 4)	`OtherAssetsNoncurrent`	$14.27M	USD	Point-in-time
Other assets (Note 4)	`OtherAssetsNoncurrent`	$14.11M	USD	Point-in-time
Total assets	`Assets`	$518.98M	USD	Point-in-time
Total assets	`Assets`	$531.32M	USD	Point-in-time
Current portion of bank debt, net (Note 2)	`LinesOfCreditCurrent`	$28.80M	USD	Point-in-time
Current portion of bank debt, net (Note 2)	`LinesOfCreditCurrent`	$33.17M	USD	Point-in-time
Accounts payable and accrued liabilities	`AccountsPayableAndAccruedLiabilitiesCurrent`	$19.82M	USD	Point-in-time
Accounts payable and accrued liabilities	`AccountsPayableAndAccruedLiabilitiesCurrent`	$19.77M	USD	Point-in-time
Total current liabilities	`LiabilitiesCurrent`	$52.99M	USD	Point-in-time
Total current liabilities	`LiabilitiesCurrent`	$48.57M	USD	Point-in-time
Bank debt, net (Note 2)	`LongTermLineOfCredit`	$204.94M	USD	Point-in-time
Bank debt, net (Note 2)	`LongTermLineOfCredit`	$174.07M	USD	Point-in-time
Deferred income taxes	`DeferredTaxLiabilitiesNoncurrent`	$45.17M	USD	Point-in-time
Deferred income taxes	`DeferredTaxLiabilitiesNoncurrent`	$47.33M	USD	Point-in-time
Asset retirement obligations (ARO)	`AssetRetirementObligationsNoncurrent`	$13.70M	USD	Point-in-time
Asset retirement obligations (ARO)	`AssetRetirementObligationsNoncurrent`	$13.26M	USD	Point-in-time
Other	`OtherLiabilitiesNoncurrent`	$2.49M	USD	Point-in-time
Other	`OtherLiabilitiesNoncurrent`	$1.92M	USD	Point-in-time
Total long-term liabilities	`LiabilitiesNoncurrent`	$265.86M	USD	Point-in-time
Total long-term liabilities	`LiabilitiesNoncurrent`	$237.01M	USD	Point-in-time
Total liabilities	`Liabilities`	$290.00M	USD	Point-in-time
Total liabilities	`Liabilities`	$314.43M	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; 29,810 and 29,413 shares	`CommonStockValue`	$298.00K	USD	Point-in-time
Common stock, $.01 par value, 100,000 shares authorized; 29,810 and 29,413 shares	`CommonStockValue`	$294.00K	USD	Point-in-time
Additional paid-in capital	`AdditionalPaidInCapital`	$93.82M	USD	Point-in-time
Additional paid-in capital	`AdditionalPaidInCapital`	$97.74M	USD	Point-in-time
Retained earnings	`RetainedEarningsAccumulatedDeficit`	$122.05M	USD	Point-in-time
Retained earnings	`RetainedEarningsAccumulatedDeficit`	$130.12M	USD	Point-in-time
Accumulated other comprehensive income	`AccumulatedOtherComprehensiveIncomeLossNetOfTax`	$728.00K	USD	Point-in-time
Accumulated other comprehensive income	`AccumulatedOtherComprehensiveIncomeLossNetOfTax`	$821.00K	USD	Point-in-time
Total stockholders' equity	`StockholdersEquity`	$228.98M	USD	Point-in-time
Total stockholders' equity	`StockholdersEquity`	$216.89M	USD	Point-in-time
Total liabilities and stockholders' equity	`LiabilitiesAndStockholdersEquity`	$518.98M	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`	$207.43M	USD	3 Qtrs
Coal sales	`CoalProductsAndServicesRevenue`	$65.36M	USD	1 Quarter
Coal sales	`CoalProductsAndServicesRevenue`	$73.90M	USD	1 Quarter
Coal sales	`CoalProductsAndServicesRevenue`	$199.28M	USD	3 Qtrs
MSHA reimbursement	`ReimbursementRevenue`	$89.00K	USD	1 Quarter
MSHA reimbursement	`ReimbursementRevenue`	$1.75M	USD	3 Qtrs
MSHA reimbursement	`ReimbursementRevenue`	$1.73M	USD	3 Qtrs
Other income	`OtherSalesRevenueNet`	$314.00K	USD	1 Quarter
Other income	`OtherSalesRevenueNet`	$487.00K	USD	1 Quarter
Other income	`OtherSalesRevenueNet`	$901.00K	USD	3 Qtrs
Other income	`OtherSalesRevenueNet`	$1.34M	USD	3 Qtrs
Total revenue	`Revenues`	$202.33M	USD	3 Qtrs
Total revenue	`Revenues`	$210.22M	USD	3 Qtrs
Total revenue	`Revenues`	$65.77M	USD	1 Quarter
Total revenue	`Revenues`	$74.47M	USD	1 Quarter
Operating costs and expenses	`CostOfCoalProductsAndServices`	$138.12M	USD	3 Qtrs
Operating costs and expenses	`CostOfCoalProductsAndServices`	$142.11M	USD	3 Qtrs
Operating costs and expenses	`CostOfCoalProductsAndServices`	$54.35M	USD	1 Quarter
Operating costs and expenses	`CostOfCoalProductsAndServices`	$46.94M	USD	1 Quarter
DD&A	`DepreciationDepletionAndAmortization`	$9.73M	USD	1 Quarter
DD&A	`DepreciationDepletionAndAmortization`	$7.94M	USD	1 Quarter
DD&A	`DepreciationDepletionAndAmortization`	$28.53M	USD	3 Qtrs
DD&A	`DepreciationDepletionAndAmortization`	$26.18M	USD	3 Qtrs
ARO accretion	`AccretionExpense`	$260.00K	USD	1 Quarter
ARO accretion	`AccretionExpense`	$640.00K	USD	3 Qtrs
ARO accretion	`AccretionExpense`	$764.00K	USD	3 Qtrs
ARO accretion	`AccretionExpense`	$219.00K	USD	1 Quarter
Coal exploration costs	`ExplorationExpenseMining`	$1.17M	USD	3 Qtrs
Coal exploration costs	`ExplorationExpenseMining`	$152.00K	USD	1 Quarter
Coal exploration costs	`ExplorationExpenseMining`	$566.00K	USD	3 Qtrs
Coal exploration costs	`ExplorationExpenseMining`	$354.00K	USD	1 Quarter
SG&A	`SellingGeneralAndAdministrativeExpense`	$2.86M	USD	1 Quarter
SG&A	`SellingGeneralAndAdministrativeExpense`	$2.58M	USD	1 Quarter
SG&A	`SellingGeneralAndAdministrativeExpense`	$12.10M	USD	3 Qtrs
SG&A	`SellingGeneralAndAdministrativeExpense`	$8.08M	USD	3 Qtrs
Interest	`InterestExpense`	$3.23M	USD	1 Quarter
Interest	`InterestExpense`	$12.69M	USD	3 Qtrs
Interest	`InterestExpense`	$9.66M	USD	3 Qtrs
Interest	`InterestExpense`	$2.60M	USD	1 Quarter
Total costs and expenses	`CostsAndExpenses`	$191.00M	USD	3 Qtrs
Total costs and expenses	`CostsAndExpenses`	$70.54M	USD	1 Quarter
Total costs and expenses	`CostsAndExpenses`	$60.68M	USD	1 Quarter
Total costs and expenses	`CostsAndExpenses`	$189.62M	USD	3 Qtrs
Income before income taxes	`IncomeLossFromContinuingOperationsBeforeIncomeTaxesMinorityInterestAndIncomeLossFromEquityMethodInvestments`	$3.93M	USD	1 Quarter
Income before income taxes	`IncomeLossFromContinuingOperationsBeforeIncomeTaxesMinorityInterestAndIncomeLossFromEquityMethodInvestments`	$19.22M	USD	3 Qtrs
Income before income taxes	`IncomeLossFromContinuingOperationsBeforeIncomeTaxesMinorityInterestAndIncomeLossFromEquityMethodInvestments`	$5.08M	USD	1 Quarter
Income before income taxes	`IncomeLossFromContinuingOperationsBeforeIncomeTaxesMinorityInterestAndIncomeLossFromEquityMethodInvestments`	$12.71M	USD	3 Qtrs
Current	`CurrentIncomeTaxExpenseBenefit`	$-270.00K	USD	1 Quarter
Current	`CurrentIncomeTaxExpenseBenefit`	$-1.16M	USD	3 Qtrs
Current	`CurrentIncomeTaxExpenseBenefit`	$-2.53M	USD	1 Quarter
Current	`CurrentIncomeTaxExpenseBenefit`	$-270.00K	USD	3 Qtrs
Deferred	`DeferredIncomeTaxExpenseBenefit`	$2.15M	USD	3 Qtrs
Deferred	`DeferredIncomeTaxExpenseBenefit`	$3.15M	USD	3 Qtrs
Deferred	`DeferredIncomeTaxExpenseBenefit`	$1.03M	USD	1 Quarter
Deferred	`DeferredIncomeTaxExpenseBenefit`	$2.54M	USD	1 Quarter
Total income taxes	`IncomeTaxExpenseBenefit`	$993.00K	USD	3 Qtrs
Total income taxes	`IncomeTaxExpenseBenefit`	$10.00K	USD	1 Quarter
Total income taxes	`IncomeTaxExpenseBenefit`	$763.00K	USD	1 Quarter
Total income taxes	`IncomeTaxExpenseBenefit`	$2.88M	USD	3 Qtrs
Net income	`NetIncomeLoss`	$11.72M	USD	3 Qtrs
Net income	`NetIncomeLoss`	$3.92M	USD	1 Quarter
Net income	`NetIncomeLoss`	$4.32M	USD	1 Quarter
Net income	`NetIncomeLoss`	$16.34M	USD	3 Qtrs
Basic and diluted (in Dollars per share)	`EarningsPerShareBasicAndDiluted`	$0.38	USD	3 Qtrs
Basic and diluted (in Dollars per share)	`EarningsPerShareBasicAndDiluted`	$0.13	USD	1 Quarter
Basic and diluted (in Dollars per share)	`EarningsPerShareBasicAndDiluted`	$0.54	USD	3 Qtrs
Basic and diluted (in Dollars per share)	`EarningsPerShareBasicAndDiluted`	$0.14	USD	1 Quarter
Basic and diluted (in Shares)	`WeightedAverageNumberOfShareOutstandingBasicAndDiluted`	29.60M	shares	3 Qtrs
Basic and diluted (in Shares)	`WeightedAverageNumberOfShareOutstandingBasicAndDiluted`	29.25M	shares	3 Qtrs
Basic and diluted (in Shares)	`WeightedAverageNumberOfShareOutstandingBasicAndDiluted`	29.25M	shares	1 Quarter
Basic and diluted (in Shares)	`WeightedAverageNumberOfShareOutstandingBasicAndDiluted`	29.77M	shares	1 Quarter
Net change in the estimated fair value of interest rate swap	`IncreaseDecreaseInFairValueOfHedgedItemInInterestRateFairValueHedge1`	$793.00K	USD	3 Qtrs
Net change in the estimated fair value of interest rate swap	`IncreaseDecreaseInFairValueOfHedgedItemInInterestRateFairValueHedge1`	$-36.00K	USD	1 Quarter
Net change in the estimated fair value of interest rate swap	`IncreaseDecreaseInFairValueOfHedgedItemInInterestRateFairValueHedge1`	$-955.00K	USD	1 Quarter
Net change in the estimated fair value of interest rate swap	`IncreaseDecreaseInFairValueOfHedgedItemInInterestRateFairValueHedge1`	$-476.00K	USD	3 Qtrs

Cash Flow Statement 29 line items

Line Item	Tag	Value	Unit	Period
Cash provided by operating activities	`NetCashProvidedByUsedInOperatingActivities`	$47.39M	USD	3 Qtrs
Cash provided by operating activities	`NetCashProvidedByUsedInOperatingActivities`	$43.69M	USD	3 Qtrs
Capital expenditures	`PaymentsToAcquireOtherProductiveAssets`	$11.81M	USD	3 Qtrs
Capital expenditures	`PaymentsToAcquireOtherProductiveAssets`	$21.33M	USD	3 Qtrs
Proceeds from sale of equipment	`ProceedsFromSaleOfMachineryAndEquipment`	$506.00K	USD	3 Qtrs
Proceeds from maturities of certificates of deposit	`ProceedsFromMaturitiesPrepaymentsAndCallsOfHeldToMaturitySecurities`	$4.58M	USD	3 Qtrs
Purchase of mining assets	`PaymentsToAcquireMiningAssets`	$18.00M	USD	3 Qtrs
Other	`PaymentsForProceedsFromOtherInvestingActivities`	$-186.00K	USD	3 Qtrs
Cash used in investing activities	`NetCashProvidedByUsedInFinancingActivities`	$-16.24M	USD	3 Qtrs
Cash used in investing activities	`NetCashProvidedByUsedInFinancingActivities`	$-29.62M	USD	3 Qtrs
Payments on bank debt	`RepaymentsOfBankDebt`	$27.88M	USD	3 Qtrs
Payments on bank debt	`RepaymentsOfBankDebt`	$26.49M	USD	3 Qtrs
Bank borrowings	`ProceedsFromOtherDebt`	$15.00M	USD	3 Qtrs
Debt issuance cost	`PaymentsOfFinancingCosts`	$2.09M	USD	3 Qtrs
Dividends	`PaymentsOfDividendsCommonStock`	$3.60M	USD	3 Qtrs
Dividends	`PaymentsOfDividendsCommonStock`	$3.65M	USD	3 Qtrs
Cash used in financing activities	`NetCashProvidedByUsedInInvestingActivities`	$-17.18M	USD	3 Qtrs
Cash used in financing activities	`NetCashProvidedByUsedInInvestingActivities`	$-31.53M	USD	3 Qtrs
Increase in cash and cash equivalents	`CashAndCashEquivalentsPeriodIncreaseDecrease`	$-3.11M	USD	3 Qtrs
Increase in cash and cash equivalents	`CashAndCashEquivalentsPeriodIncreaseDecrease`	$-381.00K	USD	3 Qtrs
Cash and cash equivalents, beginning of period	`CashAndCashEquivalentsAtCarryingValue`	$15.93M	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`	$9.41M	USD	Point-in-time
Cash and cash equivalents, beginning of period	`CashAndCashEquivalentsAtCarryingValue`	$9.79M	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`	$12.82M	USD	Point-in-time
Cash and cash equivalents, end of period	`CashAndCashEquivalentsAtCarryingValue`	$9.41M	USD	Point-in-time
Cash and cash equivalents, end of period	`CashAndCashEquivalentsAtCarryingValue`	$9.79M	USD	Point-in-time
Decrease in prepaid assets	`IncreaseDecreaseInPrepaidDeferredExpenseAndOtherAssets`	$3.30M	USD	3 Qtrs

Stockholders Equity 16 line items

Line Item	Tag	Value	Unit	Period
Balance	`StockholdersEquity`	$228.98M	USD	Point-in-time
Balance	`StockholdersEquity`	$216.89M	USD	Point-in-time
Stock-based compensation	`RestrictedStockExpense`	$1.00M	USD	1 Quarter
Stock-based compensation	`RestrictedStockExpense`	$1.80M	USD	3 Qtrs
Stock-based compensation	`RestrictedStockExpense`	$600.00K	USD	1 Quarter
Stock-based compensation	`RestrictedStockExpense`	$6.38M	USD	3 Qtrs
Stock issued on vesting of RSUs	`StockIssuedDuringPeriodValueRestrictedStockAwardNetOfForfeitures`	$4.00K	USD	3 Qtrs
Taxes paid on RSU vesting	`AdjustmentsToAdditionalPaidInCapitalShareBasedCompensationRestrictedStockUnitsRequisiteServicePeriodRecognition`	$-2.46M	USD	3 Qtrs
Dividends	`Dividends`	$3.65M	USD	3 Qtrs
Net income	`NetIncomeLoss`	$11.72M	USD	3 Qtrs
Net income	`NetIncomeLoss`	$3.92M	USD	1 Quarter
Net income	`NetIncomeLoss`	$4.32M	USD	1 Quarter
Net income	`NetIncomeLoss`	$16.34M	USD	3 Qtrs
Other	`StockholdersEquityOther`	$93.00K	USD	3 Qtrs
Balance	`StockholdersEquity`	$228.98M	USD	Point-in-time
Balance	`StockholdersEquity`	$216.89M	USD	Point-in-time

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