10-Q Filing

HALLADOR ENERGY CO CIK: 788965 Q1 2019

Filing Information

Form Type	10-Q
Accession Number	`0001144204-19-023949`
Period End Date	20190331
Filing Date	20190506
Fiscal Year	2019
Fiscal Period	Q1
XBRL Instance	hnrg-20190331.xml

Filing Contents

This filing contains the following financial statements:

Balance Sheet 86 Income Statement 30 Cash Flow Statement 40 Stockholders Equity 15 Comprehensive Income 2

Balance Sheet 86 line items

Line Item	Tag	Value	Unit	Period
Allowance for parts and supplies	`InventoryValuationReserves`	$1.59M	USD	Point-in-time
Allowance for parts and supplies	`InventoryValuationReserves`	$994.00K	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`	30.25M	shares	Point-in-time
Common stock, outstanding	`CommonStockSharesOutstanding`	30.25M	shares	Point-in-time
Cash and cash equivalents	`CashAndCashEquivalentsAtCarryingValue`	$15.50M	USD	Point-in-time
Cash and cash equivalents	`CashAndCashEquivalentsAtCarryingValue`	$8.69M	USD	Point-in-time
Cash and cash equivalents	`CashAndCashEquivalentsAtCarryingValue`	$14.45M	USD	Point-in-time
Restricted cash (Note 7)	`RestrictedCashAndCashEquivalents`	$4.66M	USD	Point-in-time
Restricted cash (Note 7)	`RestrictedCashAndCashEquivalents`	$4.12M	USD	Point-in-time
Restricted cash (Note 7)	`RestrictedCashAndCashEquivalents`	$4.59M	USD	Point-in-time
Certificates of deposit	`CertificatesOfDepositAtCarryingValue`	$488.00K	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`	$2.05M	USD	Point-in-time
Accounts receivable	`AccountsReceivableNetCurrent`	$18.43M	USD	Point-in-time
Accounts receivable	`AccountsReceivableNetCurrent`	$15.50M	USD	Point-in-time
Prepaid income taxes	`PrepaidTaxes`	$1.27M	USD	Point-in-time
Prepaid income taxes	`PrepaidTaxes`	$2.61M	USD	Point-in-time
Inventory	`EnergyRelatedInventoryCoal`	$23.18M	USD	Point-in-time
Inventory	`EnergyRelatedInventoryCoal`	$20.51M	USD	Point-in-time
Parts and supplies, net of allowance of $994 and $1,595, respectively	`OtherInventorySupplies`	$10.73M	USD	Point-in-time
Parts and supplies, net of allowance of $994 and $1,595, respectively	`OtherInventorySupplies`	$9.64M	USD	Point-in-time
Prepaid expenses	`PrepaidExpenseCurrent`	$11.37M	USD	Point-in-time
Prepaid expenses	`PrepaidExpenseCurrent`	$9.67M	USD	Point-in-time
Total current assets	`AssetsCurrent`	$84.98M	USD	Point-in-time
Total current assets	`AssetsCurrent`	$76.23M	USD	Point-in-time
Land and mineral rights	`MineralRights`	$131.14M	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`	$376.26M	USD	Point-in-time
Mine development	`ConstructionInProgressGross`	$140.99M	USD	Point-in-time
Mine development	`ConstructionInProgressGross`	$142.22M	USD	Point-in-time
Total property, plant and equipment, at cost	`CoalPropertiesAtCost`	$649.63M	USD	Point-in-time
Total property, plant and equipment, at cost	`CoalPropertiesAtCost`	$637.37M	USD	Point-in-time
Less - accumulated DD&A	`AccumulatedDepreciationDepletionAndAmortizationPropertyPlantAndEquipment`	$224.73M	USD	Point-in-time
Less - accumulated DD&A	`AccumulatedDepreciationDepletionAndAmortizationPropertyPlantAndEquipment`	$236.44M	USD	Point-in-time
Total property, plant and equipment, net	`CoalPropertiesNet`	$412.64M	USD	Point-in-time
Total property, plant and equipment, net	`CoalPropertiesNet`	$413.19M	USD	Point-in-time
Other assets (Note 7)	`OtherAssetsNoncurrent`	$14.12M	USD	Point-in-time
Other assets (Note 7)	`OtherAssetsNoncurrent`	$14.22M	USD	Point-in-time
Total assets	`Assets`	$507.17M	USD	Point-in-time
Total assets	`Assets`	$515.50M	USD	Point-in-time
Current portion of bank debt, net (Note 3)	`LinesOfCreditCurrent`	$25.39M	USD	Point-in-time
Current portion of bank debt, net (Note 3)	`LinesOfCreditCurrent`	$25.39M	USD	Point-in-time
Current portion of bank debt, net (Note 3)	`LinesOfCreditCurrent`	$27.23M	USD	Point-in-time
Accounts payable and accrued liabilities (Note 6)	`AccountsPayableAndAccruedLiabilitiesCurrent`	$29.53M	USD	Point-in-time
Accounts payable and accrued liabilities (Note 6)	`AccountsPayableAndAccruedLiabilitiesCurrent`	$26.42M	USD	Point-in-time
Total current liabilities	`LiabilitiesCurrent`	$51.81M	USD	Point-in-time
Total current liabilities	`LiabilitiesCurrent`	$56.76M	USD	Point-in-time
Bank debt, net (Note 3)	`LongTermLineOfCredit`	$134.35M	USD	Point-in-time
Bank debt, net (Note 3)	`LongTermLineOfCredit`	$155.66M	USD	Point-in-time
Bank debt, net (Note 3)	`LongTermLineOfCredit`	$155.66M	USD	Point-in-time
Deferred income taxes	`DeferredTaxLiabilitiesNoncurrent`	$26.44M	USD	Point-in-time
Deferred income taxes	`DeferredTaxLiabilitiesNoncurrent`	$26.63M	USD	Point-in-time
Asset retirement obligations (ARO)	`AssetRetirementObligationsNoncurrent`	$14.78M	USD	Point-in-time
Asset retirement obligations (ARO)	`AssetRetirementObligationsNoncurrent`	$14.59M	USD	Point-in-time
Other	`OtherLiabilitiesNoncurrent`	$9.53M	USD	Point-in-time
Other	`OtherLiabilitiesNoncurrent`	$8.13M	USD	Point-in-time
Total long-term liabilities	`LiabilitiesNoncurrent`	$185.28M	USD	Point-in-time
Total long-term liabilities	`LiabilitiesNoncurrent`	$204.81M	USD	Point-in-time
Total liabilities	`Liabilities`	$242.04M	USD	Point-in-time
Total liabilities	`Liabilities`	$256.62M	USD	Point-in-time
Redeemable non-controlling interests (Note 14)	`MinorityInterest`	$4.00M	USD	Point-in-time
Redeemable non-controlling interests (Note 14)	`MinorityInterest`	$4.00M	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`	$302.00K	USD	Point-in-time
Additional paid-in capital	`AdditionalPaidInCapital`	$100.74M	USD	Point-in-time
Additional paid-in capital	`AdditionalPaidInCapital`	$101.24M	USD	Point-in-time
Retained earnings	`RetainedEarningsAccumulatedDeficit`	$153.83M	USD	Point-in-time
Retained earnings	`RetainedEarningsAccumulatedDeficit`	$159.59M	USD	Point-in-time
Total stockholders' equity	`StockholdersEquity`	$249.32M	USD	Point-in-time
Total stockholders' equity	`StockholdersEquity`	$252.19M	USD	Point-in-time
Total stockholders' equity	`StockholdersEquity`	$261.13M	USD	Point-in-time
Total stockholders' equity	`StockholdersEquity`	$254.87M	USD	Point-in-time
Total liabilities , redeemable noncontrolling interests, and stockholders' equity	`LiabilitiesAndStockholdersEquity`	$515.50M	USD	Point-in-time
Total liabilities , redeemable noncontrolling interests, and stockholders' equity	`LiabilitiesAndStockholdersEquity`	$507.17M	USD	Point-in-time

Income Statement 30 line items

Line Item	Tag	Value	Unit	Period
Revenue	`RevenueFromContractWithCustomerExcludingAssessedTax`	$66.86M	USD	1 Quarter
Revenue	`RevenueFromContractWithCustomerExcludingAssessedTax`	$89.31M	USD	1 Quarter
Operating costs and expenses	`CostOfCoalProductsAndServices`	$46.64M	USD	1 Quarter
Operating costs and expenses	`CostOfCoalProductsAndServices`	$62.42M	USD	1 Quarter
DD&A	`DepreciationDepletionAndAmortization`	$10.83M	USD	1 Quarter
DD&A	`DepreciationDepletionAndAmortization`	$11.74M	USD	1 Quarter
ARO accretion	`AccretionExpense`	$309.00K	USD	1 Quarter
ARO accretion	`AccretionExpense`	$282.00K	USD	1 Quarter
Exploration costs	`ExplorationExpenseMining`	$280.00K	USD	1 Quarter
Exploration costs	`ExplorationExpenseMining`	$217.00K	USD	1 Quarter
SG&A	`SellingGeneralAndAdministrativeExpense`	$2.98M	USD	1 Quarter
SG&A	`SellingGeneralAndAdministrativeExpense`	$3.89M	USD	1 Quarter
Interest	`InterestExpense`	$2.71M	USD	1 Quarter
Interest	`InterestExpense`	$4.62M	USD	1 Quarter
Total costs and expenses	`CostsAndExpenses`	$82.35M	USD	1 Quarter
Total costs and expenses	`CostsAndExpenses`	$64.57M	USD	1 Quarter
Income before income taxes	`IncomeLossFromContinuingOperationsBeforeIncomeTaxesExtraordinaryItemsNoncontrollingInterest`	$2.30M	USD	1 Quarter
Income before income taxes	`IncomeLossFromContinuingOperationsBeforeIncomeTaxesExtraordinaryItemsNoncontrollingInterest`	$6.96M	USD	1 Quarter
Current	`CurrentIncomeTaxExpenseBenefit`	$-229.00K	USD	1 Quarter
Current	`CurrentIncomeTaxExpenseBenefit`	$-203.00K	USD	1 Quarter
Deferred	`DeferredIncomeTaxExpenseBenefit`	$193.00K	USD	1 Quarter
Deferred	`DeferredIncomeTaxExpenseBenefit`	$369.00K	USD	1 Quarter
Total income tax expense (benefit)	`IncomeTaxExpenseBenefit`	$166.00K	USD	1 Quarter
Total income tax expense (benefit)	`IncomeTaxExpenseBenefit`	$-36.00K	USD	1 Quarter
Net income	`NetIncomeLoss`	$7.00M	USD	1 Quarter
Net income	`NetIncomeLoss`	$2.13M	USD	1 Quarter
Basic and diluted (in Dollars per share)	`EarningsPerShareBasicAndDiluted`	$0.07	USD	1 Quarter
Basic and diluted (in Dollars per share)	`EarningsPerShareBasicAndDiluted`	$0.23	USD	1 Quarter
Basic and diluted (in Shares)	`WeightedAverageNumberOfShareOutstandingBasicAndDiluted`	29.95M	shares	1 Quarter
Basic and diluted (in Shares)	`WeightedAverageNumberOfShareOutstandingBasicAndDiluted`	30.25M	shares	1 Quarter

Cash Flow Statement 40 line items

Line Item	Tag	Value	Unit	Period
Cash provided by operating activities	`NetCashProvidedByUsedInOperatingActivities`	$13.19M	USD	1 Quarter
Cash provided by operating activities	`NetCashProvidedByUsedInOperatingActivities`	$20.85M	USD	1 Quarter
Capital expenditures	`PaymentsToAcquireOtherProductiveAssets`	$10.43M	USD	1 Quarter
Capital expenditures	`PaymentsToAcquireOtherProductiveAssets`	$8.84M	USD	1 Quarter
Proceeds from sale of royalty interests in oil properties	`ProceedsFromSaleOfOtherReceivables`	$2.50M	USD	1 Quarter
Proceeds from sale of business	`ProceedsFromDivestitureOfBusinessesAndInterestsInAffiliates`	$8.00M	USD	1 Quarter
Cash used in investing activities	`NetCashProvidedByUsedInInvestingActivities`	$-6.34M	USD	1 Quarter
Cash used in investing activities	`NetCashProvidedByUsedInInvestingActivities`	$-2.43M	USD	1 Quarter
Payments of bank debt	`RepaymentsOfBankDebt`	$20.01M	USD	1 Quarter
Payments of bank debt	`RepaymentsOfBankDebt`	$16.25M	USD	1 Quarter
Bank borrowings	`ProceedsFromOtherDebt`	$5.00M	USD	1 Quarter
Proceeds from noncontrolling interests (Note 15)	`ProceedsFromMinorityShareholders`	$4.00M	USD	1 Quarter
Taxes paid on vesting of RSUs	`PaymentsRelatedToTaxWithholdingForShareBasedCompensation`	$4.00K	USD	1 Quarter
Dividends	`PaymentsOfDividendsCommonStock`	$1.24M	USD	1 Quarter
Dividends	`PaymentsOfDividendsCommonStock`	$1.24M	USD	1 Quarter
Cash used in financing activities	`NetCashProvidedByUsedInFinancingActivities`	$-8.49M	USD	1 Quarter
Cash used in financing activities	`NetCashProvidedByUsedInFinancingActivities`	$-21.25M	USD	1 Quarter
Increase (decrease) in cash, cash equivalents, and restricted cash	`CashCashEquivalentsRestrictedCashAndRestrictedCashEquivalentsPeriodIncreaseDecreaseIncludingExchangeRateEffect`	$-6.75M	USD	1 Quarter
Increase (decrease) in cash, cash equivalents, and restricted cash	`CashCashEquivalentsRestrictedCashAndRestrictedCashEquivalentsPeriodIncreaseDecreaseIncludingExchangeRateEffect`	$2.27M	USD	1 Quarter
Cash, cash equivalents, and restricted cash beginning of year	`CashCashEquivalentsRestrictedCashAndRestrictedCashEquivalents`	$18.56M	USD	Point-in-time
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`	$13.35M	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 end of year	`CashCashEquivalentsRestrictedCashAndRestrictedCashEquivalents`	$18.56M	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`	$13.35M	USD	Point-in-time
Cash, cash equivalents, and restricted cash end of year	`CashCashEquivalentsRestrictedCashAndRestrictedCashEquivalents`	$20.09M	USD	Point-in-time
Cash	`CashAndCashEquivalentsAtCarryingValue`	$15.50M	USD	Point-in-time
Cash	`CashAndCashEquivalentsAtCarryingValue`	$8.69M	USD	Point-in-time
Cash	`CashAndCashEquivalentsAtCarryingValue`	$14.45M	USD	Point-in-time
Restricted cash	`RestrictedCashAndCashEquivalents`	$4.66M	USD	Point-in-time
Restricted cash	`RestrictedCashAndCashEquivalents`	$4.12M	USD	Point-in-time
Restricted cash	`RestrictedCashAndCashEquivalents`	$4.59M	USD	Point-in-time
Cash, cash equivalents, and restricted cash, Total	`CashCashEquivalentsRestrictedCashAndRestrictedCashEquivalents`	$18.56M	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`	$13.35M	USD	Point-in-time
Cash, cash equivalents, and restricted cash, Total	`CashCashEquivalentsRestrictedCashAndRestrictedCashEquivalents`	$20.09M	USD	Point-in-time
Capital expenditures included in accounts payable	`CapitalExpendituresIncludedInAccountsPayableNet`	$3.90M	USD	1 Quarter
Capital expenditures included in accounts payable	`CapitalExpendituresIncludedInAccountsPayableNet`	$-3.25M	USD	1 Quarter
Right-to-use asset due to adoption of ASU 2016-02	`OtherSignificantNoncashTransactionValueOfConsiderationReceived1`	$426.00K	USD	1 Quarter

Stockholders Equity 15 line items

Line Item	Tag	Value	Unit	Period
Balance	`StockholdersEquity`	$249.32M	USD	Point-in-time
Balance	`StockholdersEquity`	$252.19M	USD	Point-in-time
Balance	`StockholdersEquity`	$261.13M	USD	Point-in-time
Balance	`StockholdersEquity`	$254.87M	USD	Point-in-time
Stock-based compensation	`StockIssuedDuringPeriodValueShareBasedCompensation`	$494.00K	USD	1 Quarter
Stock-based compensation	`StockIssuedDuringPeriodValueShareBasedCompensation`	$1.97M	USD	1 Quarter
Taxes paid on vesting of RSUs	`AdjustmentToAdditionalPaidInCapitalIncomeTaxEffectFromShareBasedCompensationNet`	$-4.00K	USD	1 Quarter
Dividends	`Dividends`	$1.24M	USD	1 Quarter
Dividends	`Dividends`	$1.24M	USD	1 Quarter
Net income	`NetIncomeLoss`	$7.00M	USD	1 Quarter
Net income	`NetIncomeLoss`	$2.13M	USD	1 Quarter
Balance	`StockholdersEquity`	$249.32M	USD	Point-in-time
Balance	`StockholdersEquity`	$252.19M	USD	Point-in-time
Balance	`StockholdersEquity`	$261.13M	USD	Point-in-time
Balance	`StockholdersEquity`	$254.87M	USD	Point-in-time

Comprehensive Income 2 line items

Line Item	Tag	Value	Unit	Period
Increase (decrese) interest expense, interest rate swaps	`IncreaseDecreaseInFairValueOfHedgedItemInInterestRateFairValueHedge1`	$1.01M	USD	1 Quarter
Increase (decrese) interest expense, interest rate swaps	`IncreaseDecreaseInFairValueOfHedgedItemInInterestRateFairValueHedge1`	$-158.00K	USD	1 Quarter

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