10-K Filing

HALLADOR ENERGY CO CIK: 788965 FY 2018

Filing Information

Form Type	10-K
Accession Number	`0001144204-19-013338`
Period End Date	20181231
Filing Date	20190311
Fiscal Year	2018
Fiscal Period	FY
XBRL Instance	hnrg-20181231.xml

Filing Contents

This filing contains the following financial statements:

Balance Sheet 83 Income Statement 32 Cash Flow Statement 76 Stockholders Equity 18

Balance Sheet 83 line items

Line Item	Tag	Value	Unit	Period
Allowance for parts and supplies	`InventoryValuationReserves`	$795.00K	USD	Point-in-time
Allowance for parts and supplies	`InventoryValuationReserves`	$1.59M	USD	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, authorized	`PreferredStockSharesAuthorized`	10.00M	shares	Point-in-time
Preferred stock, authorized	`PreferredStockSharesAuthorized`	10.00M	shares	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, 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, shares authorized	`CommonStockSharesAuthorized`	100.00M	shares	Point-in-time
Common stock, shares authorized	`CommonStockSharesAuthorized`	100.00M	shares	Point-in-time
Common stock, outstanding	`CommonStockSharesOutstanding`	29.95M	shares	Point-in-time
Common stock, outstanding	`CommonStockSharesOutstanding`	30.25M	shares	Point-in-time
Cash and cash equivalents	`CashAndCashEquivalentsAtCarryingValue`	$12.48M	USD	Point-in-time
Cash and cash equivalents	`CashAndCashEquivalentsAtCarryingValue`	$15.50M	USD	Point-in-time
Restricted cash (Note 10)	`RestrictedCashAndCashEquivalents`	$3.81M	USD	Point-in-time
Restricted cash (Note 10)	`RestrictedCashAndCashEquivalents`	$4.59M	USD	Point-in-time
Certificates of deposit	`CertificatesOfDepositAtCarryingValue`	$1.50M	USD	Point-in-time
Certificates of deposit	`CertificatesOfDepositAtCarryingValue`	$488.00K	USD	Point-in-time
Marketable securities	`MarketableSecuritiesCurrent`	$1.84M	USD	Point-in-time
Marketable securities	`MarketableSecuritiesCurrent`	$1.91M	USD	Point-in-time
Accounts receivable	`AccountsReceivableNetCurrent`	$18.43M	USD	Point-in-time
Accounts receivable	`AccountsReceivableNetCurrent`	$16.76M	USD	Point-in-time
Prepaid income taxes	`PrepaidTaxes`	$2.90M	USD	Point-in-time
Prepaid income taxes	`PrepaidTaxes`	$2.61M	USD	Point-in-time
Inventory	`EnergyRelatedInventoryCoal`	$12.80M	USD	Point-in-time
Inventory	`EnergyRelatedInventoryCoal`	$20.51M	USD	Point-in-time
Parts and supplies, net of allowance of $1,595 and $795 in 2018 and 2017, respectively	`OtherInventorySupplies`	$9.64M	USD	Point-in-time
Parts and supplies, net of allowance of $1,595 and $795 in 2018 and 2017, respectively	`OtherInventorySupplies`	$10.04M	USD	Point-in-time
Prepaid expenses	`PrepaidExpenseCurrent`	$11.37M	USD	Point-in-time
Prepaid expenses	`PrepaidExpenseCurrent`	$5.48M	USD	Point-in-time
Total current assets	`AssetsCurrent`	$84.98M	USD	Point-in-time
Total current assets	`AssetsCurrent`	$67.69M	USD	Point-in-time
Land and mineral rights	`MineralRights`	$129.72M	USD	Point-in-time
Land and mineral rights	`MineralRights`	$130.90M	USD	Point-in-time
Buildings and equipment	`PropertyPlantAndEquipmentGross`	$365.48M	USD	Point-in-time
Buildings and equipment	`PropertyPlantAndEquipmentGross`	$360.86M	USD	Point-in-time
Mine development	`ConstructionInProgressGross`	$136.76M	USD	Point-in-time
Mine development	`ConstructionInProgressGross`	$140.99M	USD	Point-in-time
Total property, plant and equipment, at cost	`CoalPropertiesAtCost`	$627.35M	USD	Point-in-time
Total property, plant and equipment, at cost	`CoalPropertiesAtCost`	$637.37M	USD	Point-in-time
Less - accumulated DD&A	`AccumulatedDepreciationDepletionAndAmortizationPropertyPlantAndEquipment`	$203.39M	USD	Point-in-time
Less - accumulated DD&A	`AccumulatedDepreciationDepletionAndAmortizationPropertyPlantAndEquipment`	$224.73M	USD	Point-in-time
Total property, plant and equipment, net	`CoalPropertiesNet`	$412.64M	USD	Point-in-time
Total property, plant and equipment, net	`CoalPropertiesNet`	$423.96M	USD	Point-in-time
Other assets (Note 7)	`OtherAssetsNoncurrent`	$14.22M	USD	Point-in-time
Other assets (Note 7)	`OtherAssetsNoncurrent`	$14.66M	USD	Point-in-time
Total assets	`Assets`	$515.50M	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`	$25.39M	USD	Point-in-time
Accounts payable and accrued liabilities (Note 8)	`AccountsPayableAndAccruedLiabilitiesCurrent`	$21.11M	USD	Point-in-time
Accounts payable and accrued liabilities (Note 8)	`AccountsPayableAndAccruedLiabilitiesCurrent`	$26.42M	USD	Point-in-time
Total current liabilities	`LiabilitiesCurrent`	$51.81M	USD	Point-in-time
Total current liabilities	`LiabilitiesCurrent`	$54.29M	USD	Point-in-time
Bank debt, net (Note 3)	`LongTermLineOfCredit`	$165.77M	USD	Point-in-time
Bank debt, net (Note 3)	`LongTermLineOfCredit`	$155.66M	USD	Point-in-time
Deferred income taxes	`DeferredTaxLiabilitiesNoncurrent`	$28.73M	USD	Point-in-time
Deferred income taxes	`DeferredTaxLiabilitiesNoncurrent`	$26.44M	USD	Point-in-time
Asset retirement obligations (ARO)	`AssetRetirementObligationsNoncurrent`	$14.59M	USD	Point-in-time
Asset retirement obligations (ARO)	`AssetRetirementObligationsNoncurrent`	$13.51M	USD	Point-in-time
Other	`OtherLiabilitiesNoncurrent`	$8.13M	USD	Point-in-time
Other	`OtherLiabilitiesNoncurrent`	$6.58M	USD	Point-in-time
Total long-term liabilities	`LiabilitiesNoncurrent`	$204.81M	USD	Point-in-time
Total long-term liabilities	`LiabilitiesNoncurrent`	$214.58M	USD	Point-in-time
Total liabilities	`Liabilities`	$256.62M	USD	Point-in-time
Total liabilities	`Liabilities`	$268.87M	USD	Point-in-time
Redeemable noncontrolling interests (Note 15)	`MinorityInterest`	$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; 30,245 and 29,955 shares outstanding, respectively	`CommonStockValue`	$302.00K	USD	Point-in-time
Common stock, $.01 par value, 100,000 shares authorized; 30,245 and 29,955 shares outstanding, respectively	`CommonStockValue`	$299.00K	USD	Point-in-time
Additional paid-in capital	`AdditionalPaidInCapital`	$100.74M	USD	Point-in-time
Additional paid-in capital	`AdditionalPaidInCapital`	$97.87M	USD	Point-in-time
Retained earnings	`RetainedEarningsAccumulatedDeficit`	$153.83M	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`	$249.32M	USD	Point-in-time
Total stockholders' equity	`StockholdersEquity`	$216.89M	USD	Point-in-time
Total stockholders' equity	`StockholdersEquity`	$254.87M	USD	Point-in-time
Total liabilities , redeemable noncontrolling interests, and stockholders' equity	`LiabilitiesAndStockholdersEquity`	$518.19M	USD	Point-in-time
Total liabilities , redeemable noncontrolling interests, and stockholders' equity	`LiabilitiesAndStockholdersEquity`	$515.50M	USD	Point-in-time

Income Statement 32 line items

Line Item	Tag	Value	Unit	Period
Revenue	`Revenues`	$271.63M	USD	Annual
Revenue	`Revenues`	$293.56M	USD	Annual
Operating costs and expenses	`CostOfCoalProductsAndServices`	$190.15M	USD	Annual
Operating costs and expenses	`CostOfCoalProductsAndServices`	$215.36M	USD	Annual
DD&A	`DepreciationDepletionAndAmortization`	$38.49M	USD	Annual
DD&A	`DepreciationDepletionAndAmortization`	$44.17M	USD	Annual
ARO accretion	`AccretionExpense`	$861.00K	USD	Annual
ARO accretion	`AccretionExpense`	$1.17M	USD	Annual
Exploration costs	`ExplorationExpenseMining`	$854.00K	USD	Annual
Exploration costs	`ExplorationExpenseMining`	$1.19M	USD	Annual
SG&A	`SellingGeneralAndAdministrativeExpense`	$14.98M	USD	Annual
SG&A	`SellingGeneralAndAdministrativeExpense`	$11.84M	USD	Annual
Interest	`InterestExpense`	$16.29M	USD	Annual
Interest	`InterestExpense`	$12.41M	USD	Annual
Total costs and expenses	`CostsAndExpenses`	$257.75M	USD	Annual
Total costs and expenses	`CostsAndExpenses`	$290.01M	USD	Annual
Income before income taxes	`IncomeLossFromContinuingOperationsBeforeIncomeTaxesExtraordinaryItemsNoncontrollingInterest`	$3.55M	USD	Annual
Income before income taxes	`IncomeLossFromContinuingOperationsBeforeIncomeTaxesExtraordinaryItemsNoncontrollingInterest`	$13.88M	USD	Annual
Current	`CurrentIncomeTaxExpenseBenefit`	$-1.79M	USD	Annual
Current	`CurrentIncomeTaxExpenseBenefit`	$-2.75M	USD	Annual
Deferred	`DeferredIncomeTaxExpenseBenefit`	$-16.45M	USD	Annual
Deferred	`DeferredIncomeTaxExpenseBenefit`	$-2.29M	USD	Annual
Total income tax benefit	`IncomeTaxExpenseBenefit`	$-4.08M	USD	Annual
Total income tax benefit	`IncomeTaxExpenseBenefit`	$-19.19M	USD	Annual
Net income	`NetIncomeLoss`	$7.62M	USD	Annual
Net income	`NetIncomeLoss`	$33.08M	USD	Annual
Basic and diluted (in Dollars per share)	`EarningsPerShareBasicAndDiluted`	$0.25	USD	Annual
Basic and diluted (in Dollars per share)	`EarningsPerShareBasicAndDiluted`	$1.08	USD	Annual
Basic and diluted (in Shares)	`WeightedAverageNumberOfShareOutstandingBasicAndDiluted`	29.66M	shares	Annual
Basic and diluted (in Shares)	`WeightedAverageNumberOfShareOutstandingBasicAndDiluted`	30.07M	shares	Annual
Interest expense on net change in estimated fair value of interest rate swaps	`InterestExpenseOnNetChangeInEstimatedFairValueOfInterestRateSwaps`	$2.18M	USD	Annual
Interest expense on net change in estimated fair value of interest rate swaps	`InterestExpenseOnNetChangeInEstimatedFairValueOfInterestRateSwaps`	$-723.00K	USD	Annual

Cash Flow Statement 76 line items

Line Item	Tag	Value	Unit	Period
Net income	`NetIncomeLoss`	$7.62M	USD	Annual
Net income	`NetIncomeLoss`	$33.08M	USD	Annual
Deferred income taxes	`DeferredIncomeTaxExpenseBenefit`	$-16.45M	USD	Annual
Deferred income taxes	`DeferredIncomeTaxExpenseBenefit`	$-2.29M	USD	Annual
Equity (income) loss	`IncomeLossFromEquityMethodInvestments`	$365.00K	USD	Annual
Equity (income) loss	`IncomeLossFromEquityMethodInvestments`	$-187.00K	USD	Annual
Cash distributions	`EquityMethodInvestmentDividendsOrDistributions`	$175.00K	USD	Annual
DD&A	`DepreciationAndAmortization`	$44.17M	USD	Annual
DD&A	`DepreciationAndAmortization`	$38.49M	USD	Annual
Loss on sale of assets	`GainLossOnDispositionOfAssets1`	$-45.00K	USD	Annual
Loss on sale of assets	`GainLossOnDispositionOfAssets1`	$-561.00K	USD	Annual
Unrealized loss on marketable securities	`MarketableSecuritiesUnrealizedGainLoss`	$-226.00K	USD	Annual
Change in fair value of interest rate swaps	`IncreaseDecreaseInDerivativeAssetsAndLiabilities`	$723.00K	USD	Annual
Change in fair value of interest rate swaps	`IncreaseDecreaseInDerivativeAssetsAndLiabilities`	$-2.18M	USD	Annual
Amortization and write off of deferred financing costs	`AmortizationOfFinancingCosts`	$1.83M	USD	Annual
Amortization and write off of deferred financing costs	`AmortizationOfFinancingCosts`	$2.02M	USD	Annual
Amortization of purchased coal contracts	`AmortizationOfAdvanceRoyalty`	$8.92M	USD	Annual
Accretion of ARO	`AssetRetirementObligationAccretionExpense`	$1.17M	USD	Annual
Accretion of ARO	`AssetRetirementObligationAccretionExpense`	$861.00K	USD	Annual
Stock-based compensation	`ShareBasedCompensation`	$3.17M	USD	Annual
Stock-based compensation	`ShareBasedCompensation`	$7.27M	USD	Annual
Allowance for parts and supplies inventory obsolescence	`InventoryWriteDown`	$800.00K	USD	Annual
Accounts receivable	`IncreaseDecreaseInAccountsAndNotesReceivable`	$-5.53M	USD	Annual
Accounts receivable	`IncreaseDecreaseInAccountsAndNotesReceivable`	$1.67M	USD	Annual
Inventory	`IncreaseDecreaseInInventories`	$7.70M	USD	Annual
Inventory	`IncreaseDecreaseInInventories`	$2.70M	USD	Annual
Parts and supplies	`IncreaseDecreaseInMaterialsAndSupplies`	$402.00K	USD	Annual
Parts and supplies	`IncreaseDecreaseInMaterialsAndSupplies`	$-48.00K	USD	Annual
Prepaid income taxes	`IncreaseDecreaseInAccruedIncomeTaxesPayable`	$-3.23M	USD	Annual
Prepaid income taxes	`IncreaseDecreaseInAccruedIncomeTaxesPayable`	$293.00K	USD	Annual
Prepaid expenses	`IncreaseDecreaseInPrepaidExpense`	$4.85M	USD	Annual
Prepaid expenses	`IncreaseDecreaseInPrepaidExpense`	$4.82M	USD	Annual
Accounts payable and accrued liabilities	`IncreaseDecreaseInAccountsPayableAndAccruedLiabilities`	$-815.00K	USD	Annual
Accounts payable and accrued liabilities	`IncreaseDecreaseInAccountsPayableAndAccruedLiabilities`	$5.70M	USD	Annual
Other	`IncreaseDecreaseInPrepaidDeferredExpenseAndOtherAssets`	$-382.00K	USD	Annual
Other	`IncreaseDecreaseInPrepaidDeferredExpenseAndOtherAssets`	$1.38M	USD	Annual
Cash provided by operating activities	`NetCashProvidedByUsedInOperatingActivities`	$65.77M	USD	Annual
Cash provided by operating activities	`NetCashProvidedByUsedInOperatingActivities`	$51.57M	USD	Annual
Capital expenditures	`PaymentsToAcquireOtherProductiveAssets`	$35.09M	USD	Annual
Capital expenditures	`PaymentsToAcquireOtherProductiveAssets`	$28.62M	USD	Annual
Proceeds from sale of equipment	`ProceedsFromSaleOfMachineryAndEquipment`	$77.00K	USD	Annual
Proceeds from sale of equipment	`ProceedsFromSaleOfMachineryAndEquipment`	$506.00K	USD	Annual
Proceeds from maturities of certificates of deposit	`ProceedsFromMaturitiesPrepaymentsAndCallsOfHeldToMaturitySecurities`	$1.01M	USD	Annual
Proceeds from maturities of certificates of deposit	`ProceedsFromMaturitiesPrepaymentsAndCallsOfHeldToMaturitySecurities`	$5.82M	USD	Annual
Proceeds from sale of business	`ProceedsFromDivestitureOfBusinessesAndInterestsInAffiliates`	$8.00M	USD	Annual
Cash used in investing activities	`NetCashProvidedByUsedInInvestingActivities`	$-22.30M	USD	Annual
Cash used in investing activities	`NetCashProvidedByUsedInInvestingActivities`	$-26.01M	USD	Annual
Payments of bank debt	`RepaymentsOfBankDebt`	$38.79M	USD	Annual
Payments of bank debt	`RepaymentsOfBankDebt`	$36.62M	USD	Annual
Bank borrowings	`ProceedsFromOtherDebt`	$19.00M	USD	Annual
Deferred financing costs	`PaymentsOfFinancingCosts`	$730.00K	USD	Annual
Proceeds from Bulldog property	`SaleLeasebackTransactionNetProceedsFinancingActivities`	$4.94M	USD	Annual
Proceeds from noncontrolling interests (Note 15)	`ProceedsFromMinorityShareholders`	$4.00M	USD	Annual
Taxes paid on vesting of RSUs	`PaymentsRelatedToTaxWithholdingForShareBasedCompensation`	$3.21M	USD	Annual
Taxes paid on vesting of RSUs	`PaymentsRelatedToTaxWithholdingForShareBasedCompensation`	$298.00K	USD	Annual
Dividends	`PaymentsOfDividendsCommonStock`	$4.89M	USD	Annual
Dividends	`PaymentsOfDividendsCommonStock`	$4.94M	USD	Annual
Cash used in financing activities	`NetCashProvidedByUsedInFinancingActivities`	$-39.79M	USD	Annual
Cash used in financing activities	`NetCashProvidedByUsedInFinancingActivities`	$-21.76M	USD	Annual
Increase in cash ,cash equivalents, and restricted cash	`CashCashEquivalentsRestrictedCashAndRestrictedCashEquivalentsPeriodIncreaseDecreaseIncludingExchangeRateEffect`	$3.69M	USD	Annual
Increase in cash ,cash equivalents, and restricted cash	`CashCashEquivalentsRestrictedCashAndRestrictedCashEquivalentsPeriodIncreaseDecreaseIncludingExchangeRateEffect`	$3.80M	USD	Annual
Cash, cash equivalents, and restricted cash beginning of year	`CashCashEquivalentsRestrictedCashAndRestrictedCashEquivalents`	$16.29M	USD	Point-in-time
Cash, cash equivalents, and restricted cash beginning of year	`CashCashEquivalentsRestrictedCashAndRestrictedCashEquivalents`	$20.09M	USD	Point-in-time
Cash, cash equivalents, and restricted cash beginning of year	`CashCashEquivalentsRestrictedCashAndRestrictedCashEquivalents`	$12.61M	USD	Point-in-time
Cash, cash equivalents, and restricted cash end of year	`CashCashEquivalentsRestrictedCashAndRestrictedCashEquivalents`	$16.29M	USD	Point-in-time
Cash, cash equivalents, and restricted cash end of year	`CashCashEquivalentsRestrictedCashAndRestrictedCashEquivalents`	$20.09M	USD	Point-in-time
Cash, cash equivalents, and restricted cash end of year	`CashCashEquivalentsRestrictedCashAndRestrictedCashEquivalents`	$12.61M	USD	Point-in-time
Cash, cash equivalents, and restricted cash, Total	`CashCashEquivalentsRestrictedCashAndRestrictedCashEquivalents`	$16.29M	USD	Point-in-time
Cash, cash equivalents, and restricted cash, Total	`CashCashEquivalentsRestrictedCashAndRestrictedCashEquivalents`	$20.09M	USD	Point-in-time
Cash, cash equivalents, and restricted cash, Total	`CashCashEquivalentsRestrictedCashAndRestrictedCashEquivalents`	$12.61M	USD	Point-in-time
Cash paid for interest	`InterestPaidNet`	$11.43M	USD	Annual
Cash paid for interest	`InterestPaidNet`	$11.66M	USD	Annual
Cash paid for income taxes, net	`IncomeTaxesPaid`	$1.56M	USD	Annual
Cash received for income taxes, net	`ProceedsFromIncomeTaxRefunds`	$2.08M	USD	Annual
Capital expenditures included in accounts payable and prepaid expense	`CapitalExpendituresIncurredButNotYetPaid`	$7.62M	USD	Annual
Capital expenditures included in accounts payable, net	`CapitalExpendituresIncludedInAccountsPayableNet`	$4.84M	USD	Annual

Stockholders Equity 18 line items

Line Item	Tag	Value	Unit	Period
Balance	`StockholdersEquity`	$249.32M	USD	Point-in-time
Balance	`StockholdersEquity`	$216.89M	USD	Point-in-time
Balance	`StockholdersEquity`	$254.87M	USD	Point-in-time
Stock-based compensation	`StockIssuedDuringPeriodValueShareBasedCompensation`	$3.17M	USD	Annual
Stock-based compensation	`StockIssuedDuringPeriodValueShareBasedCompensation`	$7.27M	USD	Annual
Stock issued on vesting of RSUs	`StockIssuedDuringPeriodValueRestrictedStockAwardNetOfForfeitures`	$5.00K	USD	Annual
Stock issued on vesting of RSUs	`StockIssuedDuringPeriodValueRestrictedStockAwardNetOfForfeitures`	$3.00K	USD	Annual
Taxes paid on vesting of RSUs	`EmployeeServiceShareBasedCompensationTaxBenefitFromCompensationExpense`	$-298.00K	USD	Annual
Taxes paid on vesting of RSUs	`EmployeeServiceShareBasedCompensationTaxBenefitFromCompensationExpense`	$-3.21M	USD	Annual
Dividends	`Dividends`	$4.94M	USD	Annual
Dividends	`Dividends`	$4.89M	USD	Annual
Net income	`NetIncomeLoss`	$7.62M	USD	Annual
Net income	`NetIncomeLoss`	$33.08M	USD	Annual
Other	`StockholdersEquityOther`	$3.00K	USD	Annual
Other	`StockholdersEquityOther`	$-187.00K	USD	Annual
Balance	`StockholdersEquity`	$249.32M	USD	Point-in-time
Balance	`StockholdersEquity`	$216.89M	USD	Point-in-time
Balance	`StockholdersEquity`	$254.87M	USD	Point-in-time

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