10-Q Filing

HALLADOR ENERGY CO CIK: 788965 Q1 2018

Filing Information

Form Type	10-Q
Accession Number	`0001144204-18-025730`
Period End Date	20180331
Filing Date	20180507
Fiscal Year	2018
Fiscal Period	Q1
XBRL Instance	hnrg-20180331.xml

Filing Contents

This filing contains the following financial statements:

Balance Sheet 84 Income Statement 36 Cash Flow Statement 38 Stockholders Equity 9

Balance Sheet 84 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
Cash and cash equivalents	`CashAndCashEquivalentsAtCarryingValue`	$14.45M	USD	Point-in-time
Preferred stock, issued	`PreferredStockSharesIssued`	0.00	shares	Point-in-time
Cash and cash equivalents	`CashAndCashEquivalentsAtCarryingValue`	$12.48M	USD	Point-in-time
Preferred stock, issued	`PreferredStockSharesIssued`	0.00	shares	Point-in-time
Cash and cash equivalents	`CashAndCashEquivalentsAtCarryingValue`	$13.76M	USD	Point-in-time
Restricted cash (Note 8)	`RestrictedCashAndCashEquivalents`	$4.12M	USD	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
Restricted cash (Note 8)	`RestrictedCashAndCashEquivalents`	$3.81M	USD	Point-in-time
Restricted cash (Note 8)	`RestrictedCashAndCashEquivalents`	$3.08M	USD	Point-in-time
Common stock,par value (in dollars per share)	`CommonStockParOrStatedValuePerShare`	$0.01	USD	Point-in-time
Certificates of deposit	`CertificatesOfDepositAtCarryingValue`	$1.50M	USD	Point-in-time
Certificates of deposit	`CertificatesOfDepositAtCarryingValue`	$1.50M	USD	Point-in-time
Common stock,par value (in dollars per share)	`CommonStockParOrStatedValuePerShare`	$0.01	USD	Point-in-time
Common stock, outstanding	`CommonStockSharesOutstanding`	29.96M	shares	Point-in-time
Common stock, outstanding	`CommonStockSharesOutstanding`	29.95M	shares	Point-in-time
Marketable securities	`MarketableSecuritiesCurrent`	$1.79M	USD	Point-in-time
Marketable securities	`MarketableSecuritiesCurrent`	$1.91M	USD	Point-in-time
Accounts receivable	`AccountsReceivableNetCurrent`	$14.83M	USD	Point-in-time
Accounts receivable	`AccountsReceivableNetCurrent`	$16.76M	USD	Point-in-time
Prepaid income taxes	`PrepaidTaxes`	$2.52M	USD	Point-in-time
Prepaid income taxes	`PrepaidTaxes`	$2.90M	USD	Point-in-time
Coal inventory	`EnergyRelatedInventoryCoal`	$20.95M	USD	Point-in-time
Coal inventory	`EnergyRelatedInventoryCoal`	$12.80M	USD	Point-in-time
Parts and supply inventory	`OtherInventorySupplies`	$10.04M	USD	Point-in-time
Parts and supply inventory	`OtherInventorySupplies`	$11.13M	USD	Point-in-time
Prepaid expenses	`PrepaidExpenseCurrent`	$9.43M	USD	Point-in-time
Prepaid expenses	`PrepaidExpenseCurrent`	$12.21M	USD	Point-in-time
Total current assets	`AssetsCurrent`	$83.50M	USD	Point-in-time
Total current assets	`AssetsCurrent`	$71.64M	USD	Point-in-time
Land and mineral rights	`MineralRights`	$129.72M	USD	Point-in-time
Land and mineral rights	`MineralRights`	$130.66M	USD	Point-in-time
Buildings and equipment	`PropertyPlantAndEquipmentGross`	$356.91M	USD	Point-in-time
Buildings and equipment	`PropertyPlantAndEquipmentGross`	$362.64M	USD	Point-in-time
Mine development	`ConstructionInProgressGross`	$136.76M	USD	Point-in-time
Mine development	`ConstructionInProgressGross`	$137.68M	USD	Point-in-time
Total property, plan and equipment, at cost	`CoalPropertiesAtCost`	$623.40M	USD	Point-in-time
Total property, plan and equipment, at cost	`CoalPropertiesAtCost`	$630.98M	USD	Point-in-time
Less - accumulated DD&A	`AccumulatedDepreciationDepletionAndAmortizationPropertyPlantAndEquipment`	$203.39M	USD	Point-in-time
Less - accumulated DD&A	`AccumulatedDepreciationDepletionAndAmortizationPropertyPlantAndEquipment`	$214.19M	USD	Point-in-time
Total property, plant and equipment, net	`CoalPropertiesNet`	$420.01M	USD	Point-in-time
Total property, plant and equipment, net	`CoalPropertiesNet`	$416.79M	USD	Point-in-time
Investment in subsidiaries (Note 4)	`EquityMethodInvestments`	$3.77M	USD	Point-in-time
Investment in subsidiaries (Note 4)	`EquityMethodInvestments`	$11.89M	USD	Point-in-time
Other assets (Note 5)	`OtherAssetsNoncurrent`	$14.78M	USD	Point-in-time
Other assets (Note 5)	`OtherAssetsNoncurrent`	$14.66M	USD	Point-in-time
Total assets	`Assets`	$518.83M	USD	Point-in-time
Total assets	`Assets`	$518.19M	USD	Point-in-time
Current portion of bank debt, net (Note 3)	`LinesOfCreditCurrent`	$33.17M	USD	Point-in-time
Current portion of bank debt, net (Note 3)	`LinesOfCreditCurrent`	$33.17M	USD	Point-in-time
Accounts payable and accrued liabilities (Note 6)	`AccountsPayableAndAccruedLiabilitiesCurrent`	$24.90M	USD	Point-in-time
Accounts payable and accrued liabilities (Note 6)	`AccountsPayableAndAccruedLiabilitiesCurrent`	$21.11M	USD	Point-in-time
Total current liabilities	`LiabilitiesCurrent`	$54.29M	USD	Point-in-time
Total current liabilities	`LiabilitiesCurrent`	$58.07M	USD	Point-in-time
Bank debt, net (Note 3)	`LongTermLineOfCredit`	$154.97M	USD	Point-in-time
Bank debt, net (Note 3)	`LongTermLineOfCredit`	$165.77M	USD	Point-in-time
Deferred income taxes	`DeferredTaxLiabilitiesNoncurrent`	$29.10M	USD	Point-in-time
Deferred income taxes	`DeferredTaxLiabilitiesNoncurrent`	$28.73M	USD	Point-in-time
Asset retirement obligations (ARO)	`AssetRetirementObligationsNoncurrent`	$13.79M	USD	Point-in-time
Asset retirement obligations (ARO)	`AssetRetirementObligationsNoncurrent`	$13.51M	USD	Point-in-time
Other	`OtherLiabilitiesNoncurrent`	$6.58M	USD	Point-in-time
Other	`OtherLiabilitiesNoncurrent`	$6.71M	USD	Point-in-time
Total long-term liabilities	`LiabilitiesNoncurrent`	$204.57M	USD	Point-in-time
Total long-term liabilities	`LiabilitiesNoncurrent`	$214.58M	USD	Point-in-time
Total liabilities	`Liabilities`	$268.87M	USD	Point-in-time
Total liabilities	`Liabilities`	$262.64M	USD	Point-in-time
Redeemable noncontrolling interests (Note 13)	`RedeemableNoncontrollingInterestEquityCarryingAmount`	$4.00M	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; 29,956 and 29,955 shares outstanding, respectively	`CommonStockValue`	$299.00K	USD	Point-in-time
Common stock, $.01 par value, 100,000 shares authorized; 29,956 and 29,955 shares outstanding, respectively	`CommonStockValue`	$299.00K	USD	Point-in-time
Additional paid-in capital	`AdditionalPaidInCapital`	$99.84M	USD	Point-in-time
Additional paid-in capital	`AdditionalPaidInCapital`	$97.87M	USD	Point-in-time
Retained earnings	`RetainedEarningsAccumulatedDeficit`	$152.05M	USD	Point-in-time
Retained earnings	`RetainedEarningsAccumulatedDeficit`	$150.24M	USD	Point-in-time
Accumulated other comprehensive income	`AccumulatedOtherComprehensiveIncomeLossNetOfTax`	$915.00K	USD	Point-in-time
Total stockholders' equity	`StockholdersEquity`	$252.19M	USD	Point-in-time
Total stockholders' equity	`StockholdersEquity`	$249.32M	USD	Point-in-time
Total liabilities, redeemable noncontrolling interests, and stockholders' equity	`LiabilitiesAndStockholdersEquity`	$518.83M	USD	Point-in-time
Total liabilities, redeemable noncontrolling interests, and stockholders' equity	`LiabilitiesAndStockholdersEquity`	$518.19M	USD	Point-in-time

Income Statement 36 line items

Line Item	Tag	Value	Unit	Period
Coal sales	`CoalProductsAndServicesRevenue`	$66.79M	USD	1 Quarter
Coal sales	`CoalProductsAndServicesRevenue`	$62.55M	USD	1 Quarter
Other income (Note 7)	`OtherSalesRevenueNet`	$998.00K	USD	1 Quarter
Other income (Note 7)	`OtherSalesRevenueNet`	$77.00K	USD	1 Quarter
Total revenue	`Revenues`	$63.55M	USD	1 Quarter
Total revenue	`Revenues`	$66.86M	USD	1 Quarter
Operating costs and expenses	`CostOfCoalProductsAndServices`	$39.69M	USD	1 Quarter
Operating costs and expenses	`CostOfCoalProductsAndServices`	$46.64M	USD	1 Quarter
DD&A	`DepreciationDepletionAndAmortization`	$9.70M	USD	1 Quarter
DD&A	`DepreciationDepletionAndAmortization`	$10.83M	USD	1 Quarter
ARO accretion	`AccretionExpense`	$282.00K	USD	1 Quarter
ARO accretion	`AccretionExpense`	$207.00K	USD	1 Quarter
Coal exploration costs	`ExplorationExpenseMining`	$139.00K	USD	1 Quarter
Coal exploration costs	`ExplorationExpenseMining`	$217.00K	USD	1 Quarter
SG&A	`SellingGeneralAndAdministrativeExpense`	$3.89M	USD	1 Quarter
SG&A	`SellingGeneralAndAdministrativeExpense`	$2.66M	USD	1 Quarter
Interest	`InterestExpense`	$3.09M	USD	1 Quarter
Interest	`InterestExpense`	$2.71M	USD	1 Quarter
Total costs and expenses	`CostsAndExpenses`	$64.57M	USD	1 Quarter
Total costs and expenses	`CostsAndExpenses`	$55.49M	USD	1 Quarter
Income before income taxes	`IncomeLossFromContinuingOperationsBeforeIncomeTaxesMinorityInterestAndIncomeLossFromEquityMethodInvestments`	$8.06M	USD	1 Quarter
Income before income taxes	`IncomeLossFromContinuingOperationsBeforeIncomeTaxesMinorityInterestAndIncomeLossFromEquityMethodInvestments`	$2.30M	USD	1 Quarter
Current	`CurrentIncomeTaxExpenseBenefit`	$17.00K	USD	1 Quarter
Current	`CurrentIncomeTaxExpenseBenefit`	$-203.00K	USD	1 Quarter
Deferred	`DeferredIncomeTaxExpenseBenefit`	$632.00K	USD	1 Quarter
Deferred	`DeferredIncomeTaxExpenseBenefit`	$369.00K	USD	1 Quarter
Total income taxes	`IncomeTaxExpenseBenefit`	$166.00K	USD	1 Quarter
Total income taxes	`IncomeTaxExpenseBenefit`	$649.00K	USD	1 Quarter
Net income	`NetIncomeLoss`	$2.13M	USD	1 Quarter
Net income	`NetIncomeLoss`	$7.41M	USD	1 Quarter
Basic and diluted (in Dollars per share)	`EarningsPerShareBasicAndDiluted`	$0.25	USD	1 Quarter
Basic and diluted (in Dollars per share)	`EarningsPerShareBasicAndDiluted`	$0.07	USD	1 Quarter
Basic and diluted (in Shares)	`WeightedAverageNumberOfShareOutstandingBasicAndDiluted`	29.95M	shares	1 Quarter
Basic and diluted (in Shares)	`WeightedAverageNumberOfShareOutstandingBasicAndDiluted`	29.41M	shares	1 Quarter
Net change in the estimated fair value of interest rate swap	`IncreaseDecreaseInFairValueOfHedgedItemInInterestRateFairValueHedge1`	$-158.00K	USD	1 Quarter
Net change in the estimated fair value of interest rate swap	`IncreaseDecreaseInFairValueOfHedgedItemInInterestRateFairValueHedge1`	$-420.00K	USD	1 Quarter

Cash Flow Statement 38 line items

Line Item	Tag	Value	Unit	Period
Cash provided by operating activities	`NetCashProvidedByUsedInOperatingActivities`	$14.89M	USD	1 Quarter
Cash provided by operating activities	`NetCashProvidedByUsedInOperatingActivities`	$13.19M	USD	1 Quarter
Capital expenditures	`PaymentsToAcquireOtherProductiveAssets`	$10.43M	USD	1 Quarter
Capital expenditures	`PaymentsToAcquireOtherProductiveAssets`	$5.14M	USD	1 Quarter
Proceeds from sale of equipment	`ProceedsFromSaleOfMachineryAndEquipment`	$325.00K	USD	1 Quarter
Proceeds from maturities of certificates of deposit	`ProceedsFromMaturitiesPrepaymentsAndCallsOfHeldToMaturitySecurities`	$1.94M	USD	1 Quarter
Proceeds from sale of equity method investments	`ProceedsFromSaleOfEquityMethodInvestments`	$8.00M	USD	1 Quarter
Cash used in investing activities	`NetCashProvidedByUsedInFinancingActivities`	$-2.43M	USD	1 Quarter
Cash used in investing activities	`NetCashProvidedByUsedInFinancingActivities`	$-2.88M	USD	1 Quarter
Payments on bank debt	`RepaymentsOfBankDebt`	$6.56M	USD	1 Quarter
Payments on bank debt	`RepaymentsOfBankDebt`	$16.25M	USD	1 Quarter
Bank borrowings	`ProceedsFromOtherDebt`	$5.00M	USD	1 Quarter
Proceeds from noncontrolling interests (Note 13)	`ProceedsFromMinorityShareholders`	$4.00M	USD	1 Quarter
Dividends	`PaymentsOfDividendsCommonStock`	$1.24M	USD	1 Quarter
Dividends	`PaymentsOfDividendsCommonStock`	$1.21M	USD	1 Quarter
Cash used in financing activities	`NetCashProvidedByUsedInInvestingActivities`	$-8.49M	USD	1 Quarter
Cash used in financing activities	`NetCashProvidedByUsedInInvestingActivities`	$-7.77M	USD	1 Quarter
Increase in cash and cash equivalents	`CashCashEquivalentsRestrictedCashAndRestrictedCashEquivalentsPeriodIncreaseDecreaseIncludingExchangeRateEffect`	$4.24M	USD	1 Quarter
Increase in cash and cash equivalents	`CashCashEquivalentsRestrictedCashAndRestrictedCashEquivalentsPeriodIncreaseDecreaseIncludingExchangeRateEffect`	$2.27M	USD	1 Quarter
Cash, cash equivalents, and restricted cash, beginning of period	`CashCashEquivalentsRestrictedCashAndRestrictedCashEquivalents`	$12.61M	USD	Point-in-time
Cash, cash equivalents, and restricted cash, beginning of period	`CashCashEquivalentsRestrictedCashAndRestrictedCashEquivalents`	$16.29M	USD	Point-in-time
Cash, cash equivalents, and restricted cash, beginning of period	`CashCashEquivalentsRestrictedCashAndRestrictedCashEquivalents`	$18.56M	USD	Point-in-time
Cash, cash equivalents, and restricted cash, beginning of period	`CashCashEquivalentsRestrictedCashAndRestrictedCashEquivalents`	$16.85M	USD	Point-in-time
Cash, cash equivalents, and restricted cash, end of period	`CashCashEquivalentsRestrictedCashAndRestrictedCashEquivalents`	$12.61M	USD	Point-in-time
Cash, cash equivalents, and restricted cash, end of period	`CashCashEquivalentsRestrictedCashAndRestrictedCashEquivalents`	$16.29M	USD	Point-in-time
Cash, cash equivalents, and restricted cash, end of period	`CashCashEquivalentsRestrictedCashAndRestrictedCashEquivalents`	$18.56M	USD	Point-in-time
Cash, cash equivalents, and restricted cash, end of period	`CashCashEquivalentsRestrictedCashAndRestrictedCashEquivalents`	$16.85M	USD	Point-in-time
Cash and cash equivalents	`CashAndCashEquivalentsAtCarryingValue`	$14.45M	USD	Point-in-time
Cash and cash equivalents	`CashAndCashEquivalentsAtCarryingValue`	$12.48M	USD	Point-in-time
Cash and cash equivalents	`CashAndCashEquivalentsAtCarryingValue`	$13.76M	USD	Point-in-time
Restricted cash	`RestrictedCashAndCashEquivalents`	$4.12M	USD	Point-in-time
Restricted cash	`RestrictedCashAndCashEquivalents`	$3.81M	USD	Point-in-time
Restricted cash	`RestrictedCashAndCashEquivalents`	$3.08M	USD	Point-in-time
Total cash, cash equivalents, and restricted cash	`CashCashEquivalentsRestrictedCashAndRestrictedCashEquivalents`	$12.61M	USD	Point-in-time
Total cash, cash equivalents, and restricted cash	`CashCashEquivalentsRestrictedCashAndRestrictedCashEquivalents`	$16.29M	USD	Point-in-time
Total cash, cash equivalents, and restricted cash	`CashCashEquivalentsRestrictedCashAndRestrictedCashEquivalents`	$18.56M	USD	Point-in-time
Total cash, cash equivalents, and restricted cash	`CashCashEquivalentsRestrictedCashAndRestrictedCashEquivalents`	$16.85M	USD	Point-in-time
Liabilities assumed	`LiabilitiesAssumed1`	$1.10M	USD	1 Quarter

Stockholders Equity 9 line items

Line Item	Tag	Value	Unit	Period
Balance	`StockholdersEquity`	$252.19M	USD	Point-in-time
Balance	`StockholdersEquity`	$249.32M	USD	Point-in-time
Stock-based compensation	`RestrictedStockExpense`	$1.97M	USD	1 Quarter
Taxes paid on vesting of RSU	`EmployeeServiceShareBasedCompensationTaxBenefitFromCompensationExpense`	$-4.00K	USD	1 Quarter
Dividends	`Dividends`	$1.24M	USD	1 Quarter
Net income	`NetIncomeLoss`	$2.13M	USD	1 Quarter
Net income	`NetIncomeLoss`	$7.41M	USD	1 Quarter
Balance	`StockholdersEquity`	$252.19M	USD	Point-in-time
Balance	`StockholdersEquity`	$249.32M	USD	Point-in-time

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