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10-Q Filing

NATURAL RESOURCE PARTNERS LP CIK: 1171486 Q1 2015
Filing Information
Form Type 10-Q
Accession Number 0001193125-15-177691
Period End Date 20150331
Filing Date 20150508
Fiscal Year 2015
Fiscal Period Q1
XBRL Instance nrp-20150331.xml
Filing Contents
Balance Sheet 69 line items
Line Item Tag Value Unit Period
Common units outstanding LimitedPartnersCapitalAccountUnitsOutstanding 122.30M shares Point-in-time
Common units outstanding LimitedPartnersCapitalAccountUnitsOutstanding 122.30M shares Point-in-time
Cash and cash equivalents CashAndCashEquivalentsAtCarryingValue $54.83M USD Point-in-time
Cash and cash equivalents CashAndCashEquivalentsAtCarryingValue $92.51M USD Point-in-time
Cash and cash equivalents CashAndCashEquivalentsAtCarryingValue $50.08M USD Point-in-time
Cash and cash equivalents CashAndCashEquivalentsAtCarryingValue $33.27M USD Point-in-time
Accounts receivable, net AccountsReceivableNetCurrent $52.32M USD Point-in-time
Accounts receivable, net AccountsReceivableNetCurrent $66.45M USD Point-in-time
Accounts receivable - affiliate AccountsReceivableRelatedPartiesCurrent $5.85M USD Point-in-time
Accounts receivable - affiliate AccountsReceivableRelatedPartiesCurrent $9.49M USD Point-in-time
Inventory InventoryNet $5.79M USD Point-in-time
Inventory InventoryNet $5.81M USD Point-in-time
Prepaid expenses and other PrepaidExpenseAndOtherAssetsCurrent $4.28M USD Point-in-time
Prepaid expenses and other PrepaidExpenseAndOtherAssetsCurrent $4.15M USD Point-in-time
Total current assets AssetsCurrent $101.39M USD Point-in-time
Total current assets AssetsCurrent $136.12M USD Point-in-time
Land Land $25.24M USD Point-in-time
Land Land $25.24M USD Point-in-time
Plant and equipment, net PropertyPlantAndEquipmentNet $78.58M USD Point-in-time
Plant and equipment, net PropertyPlantAndEquipmentNet $60.09M USD Point-in-time
Mineral rights, net MineralPropertiesNet $1.78B USD Point-in-time
Mineral rights, net MineralPropertiesNet $1.78B USD Point-in-time
Mineral rights, net MineralPropertiesNet $1.77B USD Point-in-time
Intangible assets, net FiniteLivedIntangibleAssetsNet $60.73M USD Point-in-time
Intangible assets, net FiniteLivedIntangibleAssetsNet $59.71M USD Point-in-time
Equity in unconsolidated investment EquityMethodInvestments $264.02M USD Point-in-time
Equity in unconsolidated investment EquityMethodInvestments $262.72M USD Point-in-time
Long-term contracts receivable - affiliate DueFromAffiliateNoncurrent $50.01M USD Point-in-time
Long-term contracts receivable - affiliate DueFromAffiliateNoncurrent $49.61M USD Point-in-time
Goodwill Goodwill $52.01M USD Point-in-time
Goodwill Goodwill $29.46M USD Point-in-time
Other assets OtherAssetsNoncurrent $14.64M USD Point-in-time
Other assets OtherAssetsNoncurrent $13.75M USD Point-in-time
Total assets Assets $2.39B USD Point-in-time
Total assets Assets $2.44B USD Point-in-time
Accounts payable AccountsPayableCurrent $16.86M USD Point-in-time
Accounts payable AccountsPayableCurrent $22.46M USD Point-in-time
Accounts payable - affiliates AccountsPayableRelatedPartiesCurrent $936.00K USD Point-in-time
Accounts payable - affiliates AccountsPayableRelatedPartiesCurrent $950.00K USD Point-in-time
Accrued liabilities AccruedLiabilitiesCurrent $50.77M USD Point-in-time
Accrued liabilities AccruedLiabilitiesCurrent $43.53M USD Point-in-time
Current portion of long-term debt LongTermDebtCurrent $80.98M USD Point-in-time
Current portion of long-term debt LongTermDebtCurrent $155.98M USD Point-in-time
Total current liabilities LiabilitiesCurrent $224.55M USD Point-in-time
Total current liabilities LiabilitiesCurrent $147.93M USD Point-in-time
Deferred revenue DeferredRevenueNoncurrent $73.21M USD Point-in-time
Deferred revenue DeferredRevenueNoncurrent $79.05M USD Point-in-time
Deferred revenue - affiliates DeferredRevenueAffiliatesNoncurrent $86.31M USD Point-in-time
Deferred revenue - affiliates DeferredRevenueAffiliatesNoncurrent $87.05M USD Point-in-time
Long-term debt, net LongTermDebtNoncurrent $1.37B USD Point-in-time
Long-term debt, net LongTermDebtNoncurrent $1.28B USD Point-in-time
Long-term debt, net - affiliate DueToAffiliateNoncurrent $19.91M USD Point-in-time
Long-term debt, net - affiliate DueToAffiliateNoncurrent $19.90M USD Point-in-time
Other non-current liabilities OtherLiabilitiesNoncurrent $8.40M USD Point-in-time
Other non-current liabilities OtherLiabilitiesNoncurrent $22.14M USD Point-in-time
Common unitholders' interest (122,299,825 units outstanding) LimitedPartnersCapitalAccount $683.35M USD Point-in-time
Common unitholders' interest (122,299,825 units outstanding) LimitedPartnersCapitalAccount $709.02M USD Point-in-time
General partner's interest GeneralPartnersCapitalAccount $12.24M USD Point-in-time
General partner's interest GeneralPartnersCapitalAccount $11.72M USD Point-in-time
Accumulated other comprehensive loss AccumulatedOtherComprehensiveIncomeLossNetOfTax $-459.00K USD Point-in-time
Accumulated other comprehensive loss AccumulatedOtherComprehensiveIncomeLossNetOfTax $-1.42M USD Point-in-time
Total partners' capital PartnersCapital $720.80M USD Point-in-time
Total partners' capital PartnersCapital $693.65M USD Point-in-time
Non-controlling interest PartnersCapitalAttributableToNoncontrollingInterest $-650.00K USD Point-in-time
Non-controlling interest PartnersCapitalAttributableToNoncontrollingInterest $-1.31M USD Point-in-time
Total capital PartnersCapitalIncludingPortionAttributableToNoncontrollingInterest $692.34M USD Point-in-time
Total capital PartnersCapitalIncludingPortionAttributableToNoncontrollingInterest $720.15M USD Point-in-time
Total liabilities and capital LiabilitiesAndStockholdersEquity $2.44B USD Point-in-time
Total liabilities and capital LiabilitiesAndStockholdersEquity $2.39B USD Point-in-time
Income Statement 60 line items
Line Item Tag Value Unit Period
Coal related revenues CoalProductsAndServicesRevenue $30.42M USD 1 Quarter
Coal related revenues CoalProductsAndServicesRevenue $33.65M USD 1 Quarter
Coal related revenues - affiliates RevenueFromRelatedParties $19.06M USD 1 Quarter
Coal related revenues - affiliates RevenueFromRelatedParties $18.73M USD 1 Quarter
Aggregates related revenues AggregateRevenues $28.95M USD 1 Quarter
Aggregates related revenues AggregateRevenues $3.40M USD 1 Quarter
Oil and gas related revenues OilAndGasRevenue $15.23M USD 1 Quarter
Oil and gas related revenues OilAndGasRevenue $10.06M USD 1 Quarter
Equity in earnings of unconsolidated investment EquityMethodInvestmentSummarizedFinancialInformationRevenue $9.78M USD 1 Quarter
Equity in earnings of unconsolidated investment EquityMethodInvestmentSummarizedFinancialInformationRevenue $12.52M USD 1 Quarter
Property taxes TenantReimbursements $3.00M USD 1 Quarter
Property taxes TenantReimbursements $3.97M USD 1 Quarter
Other OtherSalesRevenueNet $492.00K USD 1 Quarter
Other OtherSalesRevenueNet $736.00K USD 1 Quarter
Total revenues and other income SalesRevenueNet $109.68M USD 1 Quarter
Total revenues and other income SalesRevenueNet $80.31M USD 1 Quarter
Coal related expenses MineralExtractionProcessingAndMarketingCosts $1.32M USD 1 Quarter
Coal related expenses MineralExtractionProcessingAndMarketingCosts $577.00K USD 1 Quarter
Aggregates related expenses AggregatesOperatingExpenses $22.41M USD 1 Quarter
Aggregates related expenses AggregatesOperatingExpenses $73.00K USD 1 Quarter
Oil and gas related expenses LeaseOperatingExpense $3.76M USD 1 Quarter
Oil and gas related expenses LeaseOperatingExpense $1.92M USD 1 Quarter
General and administrative GeneralAndAdministrativeExpense $7.45M USD 1 Quarter
General and administrative GeneralAndAdministrativeExpense $2.69M USD 1 Quarter
General and administrative - affiliates RelatedPartyTransactionSellingGeneralAndAdministrativeExpensesFromTransactionsWithRelatedParty $3.09M USD 1 Quarter
General and administrative - affiliates RelatedPartyTransactionSellingGeneralAndAdministrativeExpensesFromTransactionsWithRelatedParty $3.79M USD 1 Quarter
Depreciation, depletion and amortization DepreciationDepletionAndAmortization $25.39M USD 1 Quarter
Depreciation, depletion and amortization DepreciationDepletionAndAmortization $14.65M USD 1 Quarter
Property, franchise and other taxes TaxesOther $4.87M USD 1 Quarter
Property, franchise and other taxes TaxesOther $5.14M USD 1 Quarter
Total operating expenses OperatingExpenses $69.26M USD 1 Quarter
Total operating expenses OperatingExpenses $27.87M USD 1 Quarter
Income from operations OperatingIncomeLoss $52.44M USD 1 Quarter
Income from operations OperatingIncomeLoss $40.42M USD 1 Quarter
Interest expense InterestExpense $22.94M USD 1 Quarter
Interest expense InterestExpense $19.86M USD 1 Quarter
Interest income InvestmentIncomeInterest $26.00K USD 1 Quarter
Interest income InvestmentIncomeInterest $15.00K USD 1 Quarter
Other expense, net OtherNonoperatingIncomeExpense $-19.83M USD 1 Quarter
Other expense, net OtherNonoperatingIncomeExpense $-22.93M USD 1 Quarter
Net income ProfitLoss $17.49M USD 1 Quarter
Net income ProfitLoss $32.60M USD 1 Quarter
Less: net income attributable to non-controlling interest NetIncomeLossAttributableToNoncontrollingInterest - USD 1 Quarter
Less: net income attributable to non-controlling interest NetIncomeLossAttributableToNoncontrollingInterest - USD 1 Quarter
Net income attributable to NRP NetIncomeLoss $32.60M USD 1 Quarter
Net income attributable to NRP NetIncomeLoss $17.49M USD 1 Quarter
Limited partners NetIncomeLossAllocatedToLimitedPartners $-31.95M USD 1 Quarter
Limited partners NetIncomeLossAllocatedToLimitedPartners $-17.14M USD 1 Quarter
General partner NetIncomeLossAllocatedToGeneralPartners $652.00K USD 1 Quarter
General partner NetIncomeLossAllocatedToGeneralPartners $350.00K USD 1 Quarter
Basic and diluted net income per common unit NetIncomeLossPerOutstandingLimitedPartnershipAndGeneralPartnershipUnitBasicAndDiluted $0.14 USD 1 Quarter
Basic and diluted net income per common unit NetIncomeLossPerOutstandingLimitedPartnershipAndGeneralPartnershipUnitBasicAndDiluted $0.29 USD 1 Quarter
Weighted average number of common units outstanding WeightedAverageLimitedPartnershipUnitsOutstanding 122.30M shares 1 Quarter
Weighted average number of common units outstanding WeightedAverageLimitedPartnershipUnitsOutstanding 109.85M shares 1 Quarter
Net income NetIncomeLoss $32.60M USD 1 Quarter
Net income NetIncomeLoss $17.49M USD 1 Quarter
Comprehensive loss from unconsolidated investment and other OtherComprehensiveIncomeLossNetOfTaxPortionAttributableToParent $-965.00K USD 1 Quarter
Comprehensive loss from unconsolidated investment and other OtherComprehensiveIncomeLossNetOfTaxPortionAttributableToParent $-101.00K USD 1 Quarter
Comprehensive income attributable to NRP ComprehensiveIncomeNetOfTax $32.50M USD 1 Quarter
Comprehensive income attributable to NRP ComprehensiveIncomeNetOfTax $16.52M USD 1 Quarter
Cash Flow Statement 69 line items
Line Item Tag Value Unit Period
Net income ProfitLoss $17.49M USD 1 Quarter
Net income ProfitLoss $32.60M USD 1 Quarter
Depreciation, depletion and amortization DepreciationDepletionAndAmortization $25.39M USD 1 Quarter
Depreciation, depletion and amortization DepreciationDepletionAndAmortization $14.65M USD 1 Quarter
Equity earnings from unconsolidated investment EquityMethodInvestmentSummarizedFinancialInformationRevenue $9.78M USD 1 Quarter
Equity earnings from unconsolidated investment EquityMethodInvestmentSummarizedFinancialInformationRevenue $12.52M USD 1 Quarter
Distributions from equity earnings from unconsolidated investment ProceedsFromEquityMethodInvestmentDividendsOrDistributionsReturnOfCapital $11.64M USD 1 Quarter
Distributions from equity earnings from unconsolidated investment ProceedsFromEquityMethodInvestmentDividendsOrDistributionsReturnOfCapital $10.90M USD 1 Quarter
Other, net OtherOperatingActivitiesCashFlowStatement $747.00K USD 1 Quarter
Other, net OtherOperatingActivitiesCashFlowStatement $-1.01M USD 1 Quarter
Other, net - affiliates OtherOperatingActivitiesCashFlowStatementAffiliates $7.00K USD 1 Quarter
Accounts receivable IncreaseDecreaseInAccountsReceivable $-15.11M USD 1 Quarter
Accounts receivable IncreaseDecreaseInAccountsReceivable $4.26M USD 1 Quarter
Accounts receivable - affiliates IncreaseDecreaseInAccountsReceivableRelatedParties $3.10M USD 1 Quarter
Accounts receivable - affiliates IncreaseDecreaseInAccountsReceivableRelatedParties $-3.64M USD 1 Quarter
Accounts payable IncreaseDecreaseInAccountsPayable $-2.64M USD 1 Quarter
Accounts payable IncreaseDecreaseInAccountsPayable $-1.57M USD 1 Quarter
Accounts payable - affiliates IncreaseDecreaseInAccountsPayableRelatedParties $478.00K USD 1 Quarter
Accounts payable - affiliates IncreaseDecreaseInAccountsPayableRelatedParties $-14.00K USD 1 Quarter
Accrued liabilities IncreaseDecreaseInAccruedLiabilities $1.26M USD 1 Quarter
Accrued liabilities IncreaseDecreaseInAccruedLiabilities $921.00K USD 1 Quarter
Deferred revenue IncreaseDecreaseInDeferredRevenue $330.00K USD 1 Quarter
Deferred revenue IncreaseDecreaseInDeferredRevenue $5.84M USD 1 Quarter
Deferred revenue - affiliates IncreaseDecreaseInDeferredRevenueAffiliates $3.41M USD 1 Quarter
Deferred revenue - affiliates IncreaseDecreaseInDeferredRevenueAffiliates $-738.00K USD 1 Quarter
Accrued incentive plan expenses IncreaseDecreaseInEmployeeRelatedLiabilities $-8.06M USD 1 Quarter
Accrued incentive plan expenses IncreaseDecreaseInEmployeeRelatedLiabilities $-6.28M USD 1 Quarter
Other items, net IncreaseDecreaseInOtherOperatingAssets $18.00K USD 1 Quarter
Other items, net IncreaseDecreaseInOtherOperatingAssets $-103.00K USD 1 Quarter
Other items, net - affiliates IncreaseDecreaseInOtherOperatingAssetsAffiliates $739.00K USD 1 Quarter
Other items, net - affiliates IncreaseDecreaseInOtherOperatingAssetsAffiliates $-300.00K USD 1 Quarter
Net cash provided by operating activities NetCashProvidedByUsedInOperatingActivitiesContinuingOperations $38.63M USD 1 Quarter
Net cash provided by operating activities NetCashProvidedByUsedInOperatingActivitiesContinuingOperations $55.47M USD 1 Quarter
Acquisition of mineral rights PaymentsToAcquireMineralRights $1.80M USD 1 Quarter
Acquisition of mineral rights PaymentsToAcquireMineralRights $16.79M USD 1 Quarter
Acquisition of plant and equipment PaymentsToAcquirePropertyPlantAndEquipment $1.36M USD 1 Quarter
Proceeds from sale of mineral rights ProceedsFromSaleOfMineralRights $4.26M USD 1 Quarter
Proceeds from sale of plant and equipment ProceedsFromSaleOfPropertyPlantAndEquipment $905.00K USD 1 Quarter
Return on direct financing lease and contractual override - affiliate ProceedsFromCollectionOfLeaseReceivablesAffiliates $297.00K USD 1 Quarter
Return on direct financing lease and contractual override - affiliate ProceedsFromCollectionOfLeaseReceivablesAffiliates $1.14M USD 1 Quarter
Net cash used in investing activities NetCashProvidedByUsedInInvestingActivitiesContinuingOperations $-1.51M USD 1 Quarter
Net cash used in investing activities NetCashProvidedByUsedInInvestingActivitiesContinuingOperations $-11.85M USD 1 Quarter
Proceeds from loans ProceedsFromIssuanceOfLongTermDebt $25.00M USD 1 Quarter
Proceeds from loans ProceedsFromIssuanceOfLongTermDebt $2.00M USD 1 Quarter
Repayment of loans RepaymentsOfLongTermDebt $41.17M USD 1 Quarter
Repayment of loans RepaymentsOfLongTermDebt $41.17M USD 1 Quarter
Proceeds from issuance of common units ProceedsFromIssuanceOfCommonLimitedPartnersUnits $4.51M USD 1 Quarter
Capital contribution by general partner ProceedsFromPartnershipContribution $92.00K USD 1 Quarter
Distributions to non-controlling interest PaymentsOfDistributionsToAffiliates $662.00K USD 1 Quarter
Distributions to non-controlling interest PaymentsOfDistributionsToAffiliates $974.00K USD 1 Quarter
Distributions to partners DistributionMadeToLimitedPartnerCashDistributionsPaid $39.22M USD 1 Quarter
Distributions to partners DistributionMadeToLimitedPartnerCashDistributionsPaid $43.68M USD 1 Quarter
Other ProceedsFromPaymentsForOtherFinancingActivities $-57.00K USD 1 Quarter
Other ProceedsFromPaymentsForOtherFinancingActivities $83.00K USD 1 Quarter
Net cash used in financing activities NetCashProvidedByUsedInFinancingActivitiesContinuingOperations $-60.42M USD 1 Quarter
Net cash used in financing activities NetCashProvidedByUsedInFinancingActivitiesContinuingOperations $-74.81M USD 1 Quarter
Net decrease in cash and cash equivalents CashAndCashEquivalentsPeriodIncreaseDecrease $-37.69M USD 1 Quarter
Net decrease in cash and cash equivalents CashAndCashEquivalentsPeriodIncreaseDecrease $-16.80M USD 1 Quarter
Cash and cash equivalents at beginning of period CashAndCashEquivalentsAtCarryingValue $54.83M USD Point-in-time
Cash and cash equivalents at beginning of period CashAndCashEquivalentsAtCarryingValue $92.51M USD Point-in-time
Cash and cash equivalents at beginning of period CashAndCashEquivalentsAtCarryingValue $50.08M USD Point-in-time
Cash and cash equivalents at beginning of period CashAndCashEquivalentsAtCarryingValue $33.27M USD Point-in-time
Cash and cash equivalents at end of period CashAndCashEquivalentsAtCarryingValue $54.83M USD Point-in-time
Cash and cash equivalents at end of period CashAndCashEquivalentsAtCarryingValue $92.51M USD Point-in-time
Cash and cash equivalents at end of period CashAndCashEquivalentsAtCarryingValue $50.08M USD Point-in-time
Cash and cash equivalents at end of period CashAndCashEquivalentsAtCarryingValue $33.27M USD Point-in-time
Cash paid during the period for interest InterestPaid $14.34M USD 1 Quarter
Cash paid during the period for interest InterestPaid $14.70M USD 1 Quarter
Plant, equipment and mineral rights funded with accounts payable or accrued liabilities CapitalExpendituresIncurredButNotYetPaid $3.76M USD 1 Quarter
Stockholders Equity 10 line items
Line Item Tag Value Unit Period
Balance PartnersCapital $720.80M USD Point-in-time
Balance PartnersCapital $693.65M USD Point-in-time
Distributions to unitholders PartnersCapitalAccountDistributions $43.68M USD 1 Quarter
Distributions to non-controlling interest MinorityInterestDecreaseFromDistributionsToNoncontrollingInterestHolders $662.00K USD 1 Quarter
Net income NetIncomeLoss $32.60M USD 1 Quarter
Net income NetIncomeLoss $17.49M USD 1 Quarter
Comprehensive loss from unconsolidated investment and other OtherComprehensiveIncomeLossNetOfTaxPortionAttributableToParent $-965.00K USD 1 Quarter
Comprehensive loss from unconsolidated investment and other OtherComprehensiveIncomeLossNetOfTaxPortionAttributableToParent $-101.00K USD 1 Quarter
Balance PartnersCapital $720.80M USD Point-in-time
Balance PartnersCapital $693.65M USD Point-in-time

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

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