10-Q Filing

WARRIOR MET COAL, INC. CIK: 1691303 Q1 2018

Filing Information

Form Type	10-Q
Accession Number	`0001691303-18-000018`
Period End Date	20180331
Filing Date	20180502
Fiscal Year	2018
Fiscal Period	Q1
XBRL Instance	hcc-20180331.xml

Filing Contents

This filing contains the following financial statements:

Balance Sheet 76 Income Statement 36 Cash Flow Statement 53 Stockholders Equity 12

Balance Sheet 76 line items

Line Item	Tag	Value	Unit	Period
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 par value (in dollars per share)	`CommonStockParOrStatedValuePerShare`	$0.01	USD	Point-in-time
Common stock shares authorized (in shares)	`CommonStockSharesAuthorized`	140.00M	shares	Point-in-time
Common stock shares authorized (in shares)	`CommonStockSharesAuthorized`	140.00M	shares	Point-in-time
Common stock shares authorized (in shares)	`CommonStockSharesAuthorized`	140.00M	shares	Point-in-time
Cash and cash equivalents	`CashAndCashEquivalentsAtCarryingValue`	$35.47M	USD	Point-in-time
Cash and cash equivalents	`CashAndCashEquivalentsAtCarryingValue`	$322.02M	USD	Point-in-time
Common stock shares issued (in shares)	`CommonStockSharesIssued`	53.28M	shares	Point-in-time
Common stock shares issued (in shares)	`CommonStockSharesIssued`	53.28M	shares	Point-in-time
Short-term investments	`HeldToMaturitySecuritiesCurrent`	$17.50M	USD	Point-in-time
Common stock shares outstanding (in shares)	`CommonStockSharesOutstanding`	53.28M	shares	Point-in-time
Short-term investments	`HeldToMaturitySecuritiesCurrent`	$17.50M	USD	Point-in-time
Common stock shares outstanding (in shares)	`CommonStockSharesOutstanding`	53.28M	shares	Point-in-time
Preferred stock par value (in dollars per share)	`PreferredStockParOrStatedValuePerShare`	$0.01	USD	Point-in-time
Trade accounts receivable	`AccountsReceivableNetCurrent`	$117.75M	USD	Point-in-time
Preferred stock par value (in dollars per share)	`PreferredStockParOrStatedValuePerShare`	$0.01	USD	Point-in-time
Preferred stock par value (in dollars per share)	`PreferredStockParOrStatedValuePerShare`	$0.01	USD	Point-in-time
Trade accounts receivable	`AccountsReceivableNetCurrent`	$152.32M	USD	Point-in-time
Preferred stock shares authorized (in shares)	`PreferredStockSharesAuthorized`	10.00M	shares	Point-in-time
Other receivables	`OtherReceivablesNetCurrent`	$14.48M	USD	Point-in-time
Preferred stock shares authorized (in shares)	`PreferredStockSharesAuthorized`	10.00M	shares	Point-in-time
Preferred stock shares authorized (in shares)	`PreferredStockSharesAuthorized`	10.00M	shares	Point-in-time
Other receivables	`OtherReceivablesNetCurrent`	$12.94M	USD	Point-in-time
Inventories, net	`InventoryNet`	$51.28M	USD	Point-in-time
Preferred stock shares issued (in shares)	`PreferredStockSharesIssued`	0.00	shares	Point-in-time
Preferred stock shares issued (in shares)	`PreferredStockSharesIssued`	0.00	shares	Point-in-time
Inventories, net	`InventoryNet`	$54.29M	USD	Point-in-time
Prepaid expenses	`PrepaidExpenseCurrent`	$29.38M	USD	Point-in-time
Preferred stock shares outstanding (in shares)	`PreferredStockSharesOutstanding`	0.00	shares	Point-in-time
Preferred stock shares outstanding (in shares)	`PreferredStockSharesOutstanding`	0.00	shares	Point-in-time
Prepaid expenses	`PrepaidExpenseCurrent`	$19.02M	USD	Point-in-time
Total current assets	`AssetsCurrent`	$575.10M	USD	Point-in-time
Total current assets	`AssetsCurrent`	$268.87M	USD	Point-in-time
Mineral interests, net	`MineralPropertiesNet`	$127.25M	USD	Point-in-time
Mineral interests, net	`MineralPropertiesNet`	$130.00M	USD	Point-in-time
Property, plant and equipment, net	`PropertyPlantAndEquipmentNet`	$536.75M	USD	Point-in-time
Property, plant and equipment, net	`PropertyPlantAndEquipmentNet`	$540.15M	USD	Point-in-time
Income tax receivable	`IncomeTaxesReceivableNoncurrent`	$39.26M	USD	Point-in-time
Income tax receivable	`IncomeTaxesReceivableNoncurrent`	$39.26M	USD	Point-in-time
Other long-term assets	`OtherAssetsNoncurrent`	$19.85M	USD	Point-in-time
Other long-term assets	`OtherAssetsNoncurrent`	$18.44M	USD	Point-in-time
Total assets	`Assets`	$993.32M	USD	Point-in-time
Total assets	`Assets`	$1.30B	USD	Point-in-time
Accounts payable	`AccountsPayableCurrent`	$31.00M	USD	Point-in-time
Accounts payable	`AccountsPayableCurrent`	$28.08M	USD	Point-in-time
Accrued expenses	`AccruedLiabilitiesCurrent`	$66.70M	USD	Point-in-time
Accrued expenses	`AccruedLiabilitiesCurrent`	$69.33M	USD	Point-in-time
Other current liabilities	`OtherLiabilitiesCurrent`	$10.47M	USD	Point-in-time
Other current liabilities	`OtherLiabilitiesCurrent`	$16.71M	USD	Point-in-time
Current portion of long-term debt	`LongTermDebtCurrent`	$3.00M	USD	Point-in-time
Current portion of long-term debt	`LongTermDebtCurrent`	$2.96M	USD	Point-in-time
Total current liabilities	`LiabilitiesCurrent`	$108.22M	USD	Point-in-time
Total current liabilities	`LiabilitiesCurrent`	$120.03M	USD	Point-in-time
Long-term debt	`LongTermDebtNoncurrent`	$465.55M	USD	Point-in-time
Long-term debt	`LongTermDebtNoncurrent`	$342.95M	USD	Point-in-time
Asset retirement obligations	`AssetRetirementObligationsNoncurrent`	$96.10M	USD	Point-in-time
Asset retirement obligations	`AssetRetirementObligationsNoncurrent`	$97.13M	USD	Point-in-time
Other long-term liabilities	`OtherLiabilitiesNoncurrent`	$33.03M	USD	Point-in-time
Other long-term liabilities	`OtherLiabilitiesNoncurrent`	$33.99M	USD	Point-in-time
Total liabilities	`Liabilities`	$580.29M	USD	Point-in-time
Total liabilities	`Liabilities`	$716.70M	USD	Point-in-time
Commitments and contingencies	`CommitmentsAndContingencies`	-	USD	Point-in-time
Commitments and contingencies	`CommitmentsAndContingencies`	-	USD	Point-in-time
Common stock, $0.01 par value per share (Authorized -140,000,000 shares, issued and outstanding - 53,284,470 and 53,284,470, respectively)	`CommonStockValue`	$534.00K	USD	Point-in-time
Common stock, $0.01 par value per share (Authorized -140,000,000 shares, issued and outstanding - 53,284,470 and 53,284,470, respectively)	`CommonStockValue`	$534.00K	USD	Point-in-time
Preferred stock, $0.01 par value per share (10,000,000 shares authorized, no shares issued and outstanding)	`PreferredStockValue`	-	USD	Point-in-time
Preferred stock, $0.01 par value per share (10,000,000 shares authorized, no shares issued and outstanding)	`PreferredStockValue`	-	USD	Point-in-time
Additional paid in capital	`AdditionalPaidInCapital`	$329.99M	USD	Point-in-time
Additional paid in capital	`AdditionalPaidInCapital`	$325.87M	USD	Point-in-time
Retained earnings	`RetainedEarningsAccumulatedDeficit`	$82.50M	USD	Point-in-time
Retained earnings	`RetainedEarningsAccumulatedDeficit`	$258.50M	USD	Point-in-time
Total stockholders equity	`StockholdersEquity`	$584.91M	USD	Point-in-time
Total stockholders equity	`StockholdersEquity`	$413.02M	USD	Point-in-time
Total liabilities and stockholders equity	`LiabilitiesAndStockholdersEquity`	$993.32M	USD	Point-in-time
Total liabilities and stockholders equity	`LiabilitiesAndStockholdersEquity`	$1.30B	USD	Point-in-time

Income Statement 36 line items

Line Item	Tag	Value	Unit	Period
Sales	`SalesRevenueGoodsNet`	$241.06M	USD	1 Quarter
Sales	`SalesRevenueGoodsNet`	$412.88M	USD	1 Quarter
Other revenues	`OtherSalesRevenueNet`	$12.91M	USD	1 Quarter
Other revenues	`OtherSalesRevenueNet`	$8.91M	USD	1 Quarter
Total revenues	`SalesRevenueNet`	$253.96M	USD	1 Quarter
Total revenues	`SalesRevenueNet`	$421.79M	USD	1 Quarter
Cost of sales (exclusive of items shown separately below)	`CostOfGoodsAndServicesSold`	$106.14M	USD	1 Quarter
Cost of sales (exclusive of items shown separately below)	`CostOfGoodsAndServicesSold`	$190.68M	USD	1 Quarter
Cost of other revenues (exclusive of items shown separately below)	`OtherCostOfOperatingRevenue`	$8.18M	USD	1 Quarter
Cost of other revenues (exclusive of items shown separately below)	`OtherCostOfOperatingRevenue`	$7.78M	USD	1 Quarter
Depreciation and depletion	`DepreciationDepletionAndAmortization`	$24.55M	USD	1 Quarter
Depreciation and depletion	`DepreciationDepletionAndAmortization`	$14.58M	USD	1 Quarter
Selling, general and administrative	`SellingGeneralAndAdministrativeExpense`	$8.23M	USD	1 Quarter
Selling, general and administrative	`SellingGeneralAndAdministrativeExpense`	$5.17M	USD	1 Quarter
Transaction and other expenses	`BusinessCombinationAcquisitionRelatedCosts`	$3.29M	USD	1 Quarter
Transaction and other expenses	`BusinessCombinationAcquisitionRelatedCosts`	$9.04M	USD	1 Quarter
Total costs and expenses	`CostsAndExpenses`	$143.11M	USD	1 Quarter
Total costs and expenses	`CostsAndExpenses`	$234.53M	USD	1 Quarter
Operating income	`OperatingIncomeLoss`	$110.85M	USD	1 Quarter
Operating income	`OperatingIncomeLoss`	$187.25M	USD	1 Quarter
Interest expense, net	`InterestIncomeExpenseNonoperatingNet`	$-608.00K	USD	1 Quarter
Interest expense, net	`InterestIncomeExpenseNonoperatingNet`	$-8.56M	USD	1 Quarter
Income before income taxes	`IncomeLossFromContinuingOperationsBeforeIncomeTaxesExtraordinaryItemsNoncontrollingInterest`	$178.69M	USD	1 Quarter
Income before income taxes	`IncomeLossFromContinuingOperationsBeforeIncomeTaxesExtraordinaryItemsNoncontrollingInterest`	$110.25M	USD	1 Quarter
Income tax expense	`IncomeTaxExpenseBenefit`	$1.94M	USD	1 Quarter
Income tax expense	`IncomeTaxExpenseBenefit`	-	USD	1 Quarter
Net income	`NetIncomeLoss`	$178.69M	USD	1 Quarter
Net income	`NetIncomeLoss`	$108.31M	USD	1 Quarter
Net income (loss) per sharebasic and diluted (in dollars per share)	`EarningsPerShareBasicAndDiluted`	$3.36	USD	1 Quarter
Net income (loss) per sharebasic and diluted (in dollars per share)	`EarningsPerShareBasicAndDiluted`	$2.06	USD	1 Quarter
Weighted average number of shares outstandingbasic (in shares)	`WeightedAverageNumberOfSharesOutstandingBasic`	52.68M	shares	1 Quarter
Weighted average number of shares outstandingbasic (in shares)	`WeightedAverageNumberOfSharesOutstandingBasic`	53.15M	shares	1 Quarter
Weighted average number of shares outstandingdiluted (in shares)	`WeightedAverageNumberOfDilutedSharesOutstanding`	52.68M	shares	1 Quarter
Weighted average number of shares outstandingdiluted (in shares)	`WeightedAverageNumberOfDilutedSharesOutstanding`	53.15M	shares	1 Quarter
Dividends per share (in dollars per share)	`CommonStockDividendsPerShareCashPaid`	$0.05	USD	1 Quarter
Dividends per share (in dollars per share)	`CommonStockDividendsPerShareCashPaid`	$3.56	USD	1 Quarter

Cash Flow Statement 53 line items

Line Item	Tag	Value	Unit	Period
Net income	`NetIncomeLoss`	$178.69M	USD	1 Quarter
Net income	`NetIncomeLoss`	$108.31M	USD	1 Quarter
Depreciation and depletion	`DepreciationDepletionAndAmortization`	$24.55M	USD	1 Quarter
Depreciation and depletion	`DepreciationDepletionAndAmortization`	$14.58M	USD	1 Quarter
Stock based compensation expense	`ShareBasedCompensation`	-	USD	1 Quarter
Stock based compensation expense	`ShareBasedCompensation`	$198.00K	USD	1 Quarter
Amortization of debt issuance costs and debt discount/premium, net	`AmortizationOfFinancingCostsAndDiscounts`	$462.00K	USD	1 Quarter
Amortization of debt issuance costs and debt discount/premium, net	`AmortizationOfFinancingCostsAndDiscounts`	$638.00K	USD	1 Quarter
Accretion of asset retirement obligations	`AssetRetirementObligationAccretionExpense`	$995.00K	USD	1 Quarter
Accretion of asset retirement obligations	`AssetRetirementObligationAccretionExpense`	$1.16M	USD	1 Quarter
Trade accounts receivable	`IncreaseDecreaseInAccountsReceivable`	$34.58M	USD	1 Quarter
Trade accounts receivable	`IncreaseDecreaseInAccountsReceivable`	$30.28M	USD	1 Quarter
Other receivables	`IncreaseDecreaseInOtherReceivables`	$242.00K	USD	1 Quarter
Other receivables	`IncreaseDecreaseInOtherReceivables`	$-1.54M	USD	1 Quarter
Inventories	`IncreaseDecreaseInInventories`	$-1.78M	USD	1 Quarter
Inventories	`IncreaseDecreaseInInventories`	$28.59M	USD	1 Quarter
Prepaid expenses	`IncreaseDecreaseInPrepaidDeferredExpenseAndOtherAssets`	$2.17M	USD	1 Quarter
Prepaid expenses	`IncreaseDecreaseInPrepaidDeferredExpenseAndOtherAssets`	$-10.35M	USD	1 Quarter
Accounts payable	`IncreaseDecreaseInAccountsPayable`	$2.93M	USD	1 Quarter
Accounts payable	`IncreaseDecreaseInAccountsPayable`	$10.24M	USD	1 Quarter
Accrued expenses and other current liabilities	`IncreaseDecreaseInOtherAccountsPayableAndAccruedLiabilities`	$-7.05M	USD	1 Quarter
Accrued expenses and other current liabilities	`IncreaseDecreaseInOtherAccountsPayableAndAccruedLiabilities`	$8.95M	USD	1 Quarter
Other	`OtherOperatingActivitiesCashFlowStatement`	$-2.48M	USD	1 Quarter
Other	`OtherOperatingActivitiesCashFlowStatement`	$-691.00K	USD	1 Quarter
Net cash provided by operating activities	`NetCashProvidedByUsedInOperatingActivities`	$193.74M	USD	1 Quarter
Net cash provided by operating activities	`NetCashProvidedByUsedInOperatingActivities`	$65.55M	USD	1 Quarter
Purchase of property, plant and equipment	`PaymentsToAcquirePropertyPlantAndEquipment`	$22.54M	USD	1 Quarter
Purchase of property, plant and equipment	`PaymentsToAcquirePropertyPlantAndEquipment`	$11.38M	USD	1 Quarter
Net cash used in investing activities	`NetCashProvidedByUsedInInvestingActivities`	$-11.38M	USD	1 Quarter
Net cash used in investing activities	`NetCashProvidedByUsedInInvestingActivities`	$-22.54M	USD	1 Quarter
Dividends paid	`PaymentsOfDividends`	$2.69M	USD	1 Quarter
Dividends paid	`PaymentsOfDividends`	$2.70M	USD	Point-in-time
Dividends paid	`PaymentsOfDividends`	$190.00M	USD	Point-in-time
Dividends paid	`PaymentsOfDividends`	$190.00M	USD	1 Quarter
Proceeds from issuance of debt	`ProceedsFromIssuanceOfLongTermDebt`	$126.88M	USD	1 Quarter
Proceeds from issuance of debt	`ProceedsFromIssuanceOfLongTermDebt`	-	USD	1 Quarter
Retirements of debt	`RepaymentsOfLongTermDebt`	$765.00K	USD	1 Quarter
Retirements of debt	`RepaymentsOfLongTermDebt`	$765.00K	USD	1 Quarter
Debt issuance costs paid	`PaymentsOfDebtIssuanceCosts`	-	USD	1 Quarter
Other	`ProceedsFromPaymentsForOtherFinancingActivities`	$-4.32M	USD	1 Quarter
Other	`ProceedsFromPaymentsForOtherFinancingActivities`	-	USD	1 Quarter
Net cash provided by (used in) financing activities	`NetCashProvidedByUsedInFinancingActivities`	$-190.76M	USD	1 Quarter
Net cash provided by (used in) financing activities	`NetCashProvidedByUsedInFinancingActivities`	$115.39M	USD	1 Quarter
Net increase (decrease) in cash and cash equivalents and restricted cash	`CashCashEquivalentsRestrictedCashAndRestrictedCashEquivalentsPeriodIncreaseDecreaseIncludingExchangeRateEffect`	$-136.59M	USD	1 Quarter
Net increase (decrease) in cash and cash equivalents and restricted cash	`CashCashEquivalentsRestrictedCashAndRestrictedCashEquivalentsPeriodIncreaseDecreaseIncludingExchangeRateEffect`	$286.59M	USD	1 Quarter
Cash and cash equivalents and restricted cash at beginning of period	`CashCashEquivalentsRestrictedCashAndRestrictedCashEquivalents`	$16.07M	USD	Point-in-time
Cash and cash equivalents and restricted cash at beginning of period	`CashCashEquivalentsRestrictedCashAndRestrictedCashEquivalents`	$152.66M	USD	Point-in-time
Cash and cash equivalents and restricted cash at beginning of period	`CashCashEquivalentsRestrictedCashAndRestrictedCashEquivalents`	$36.26M	USD	Point-in-time
Cash and cash equivalents and restricted cash at beginning of period	`CashCashEquivalentsRestrictedCashAndRestrictedCashEquivalents`	$322.85M	USD	Point-in-time
Cash and cash equivalents and restricted cash at end of period	`CashCashEquivalentsRestrictedCashAndRestrictedCashEquivalents`	$16.07M	USD	Point-in-time
Cash and cash equivalents and restricted cash at end of period	`CashCashEquivalentsRestrictedCashAndRestrictedCashEquivalents`	$152.66M	USD	Point-in-time
Cash and cash equivalents and restricted cash at end of period	`CashCashEquivalentsRestrictedCashAndRestrictedCashEquivalents`	$36.26M	USD	Point-in-time
Cash and cash equivalents and restricted cash at end of period	`CashCashEquivalentsRestrictedCashAndRestrictedCashEquivalents`	$322.85M	USD	Point-in-time

Stockholders Equity 12 line items

Line Item	Tag	Value	Unit	Period
Dividends per share (in dollars per share)	`CommonStockDividendsPerShareCashPaid`	$0.05	USD	1 Quarter
Dividends per share (in dollars per share)	`CommonStockDividendsPerShareCashPaid`	$3.56	USD	1 Quarter
Balance at beginning of period	`StockholdersEquity`	$584.91M	USD	Point-in-time
Balance at beginning of period	`StockholdersEquity`	$413.02M	USD	Point-in-time
Net income	`NetIncomeLoss`	$178.69M	USD	1 Quarter
Net income	`NetIncomeLoss`	$108.31M	USD	1 Quarter
Dividends paid ($0.05 per share)	`DividendsCommonStockCash`	$2.69M	USD	1 Quarter
Stock compensation	`AdjustmentsToAdditionalPaidInCapitalSharebasedCompensationRequisiteServicePeriodRecognitionValue`	$198.00K	USD	1 Quarter
Common Shares issued	`StockIssuedDuringPeriodValueNewIssues`	-	USD	1 Quarter
Other	`AdjustmentsToAdditionalPaidInCapitalOther`	$-4.32M	USD	1 Quarter
Balance at end of period	`StockholdersEquity`	$584.91M	USD	Point-in-time
Balance at end of period	`StockholdersEquity`	$413.02M	USD	Point-in-time

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