10-Q Filing

WARRIOR MET COAL, INC. CIK: 1691303 Q1 2019

Filing Information

Form Type	10-Q
Accession Number	`0001691303-19-000015`
Period End Date	20190331
Filing Date	20190501
Fiscal Year	2019
Fiscal Period	Q1
XBRL Instance	hcc-20190331.xml

Filing Contents

This filing contains the following financial statements:

Balance Sheet 84 Income Statement 34 Cash Flow Statement 64 Stockholders Equity 20

Balance Sheet 84 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
Common stock shares issued (in shares)	`CommonStockSharesIssued`	53.28M	shares	Point-in-time
Cash and cash equivalents	`CashAndCashEquivalentsAtCarryingValue`	$154.91M	USD	Point-in-time
Common stock shares issued (in shares)	`CommonStockSharesIssued`	53.26M	shares	Point-in-time
Cash and cash equivalents	`CashAndCashEquivalentsAtCarryingValue`	$205.58M	USD	Point-in-time
Short-term investments	`HeldToMaturitySecuritiesCurrent`	$17.50M	USD	Point-in-time
Short-term investments	`HeldToMaturitySecuritiesCurrent`	$17.50M	USD	Point-in-time
Common stock shares outstanding (in shares)	`CommonStockSharesOutstanding`	51.56M	shares	Point-in-time
Common stock shares outstanding (in shares)	`CommonStockSharesOutstanding`	51.62M	shares	Point-in-time
Trade accounts receivable	`AccountsReceivableNetCurrent`	$138.40M	USD	Point-in-time
Trade accounts receivable	`AccountsReceivableNetCurrent`	$182.73M	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
Preferred stock par value (in dollars per share)	`PreferredStockParOrStatedValuePerShare`	$0.01	USD	Point-in-time
Preferred stock shares authorized (in shares)	`PreferredStockSharesAuthorized`	10.00M	shares	Point-in-time
Income tax receivable	`IncomeTaxesReceivable`	$21.31M	USD	Point-in-time
Preferred stock shares authorized (in shares)	`PreferredStockSharesAuthorized`	10.00M	shares	Point-in-time
Income tax receivable	`IncomeTaxesReceivable`	$21.61M	USD	Point-in-time
Preferred stock shares authorized (in shares)	`PreferredStockSharesAuthorized`	10.00M	shares	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`	$70.36M	USD	Point-in-time
Inventories, net	`InventoryNet`	$56.72M	USD	Point-in-time
Preferred stock shares outstanding (in shares)	`PreferredStockSharesOutstanding`	0.00	shares	Point-in-time
Prepaid expenses and other receivables	`PrepaidExpenseCurrent`	$19.20M	USD	Point-in-time
Prepaid expenses and other receivables	`PrepaidExpenseCurrent`	$29.37M	USD	Point-in-time
Preferred stock shares outstanding (in shares)	`PreferredStockSharesOutstanding`	0.00	shares	Point-in-time
Treasury stock (in shares)	`TreasuryStockShares`	1.72B	shares	Point-in-time
Treasury stock (in shares)	`TreasuryStockShares`	1.72B	shares	Point-in-time
Total current assets	`AssetsCurrent`	$466.01M	USD	Point-in-time
Total current assets	`AssetsCurrent`	$469.17M	USD	Point-in-time
Mineral interests, net	`MineralPropertiesNet`	$117.55M	USD	Point-in-time
Mineral interests, net	`MineralPropertiesNet`	$120.43M	USD	Point-in-time
Property, plant and equipment, net	`PropertyPlantAndEquipmentNet`	$578.66M	USD	Point-in-time
Property, plant and equipment, net	`PropertyPlantAndEquipmentNet`	$540.32M	USD	Point-in-time
Non-current income tax receivable	`IncomeTaxesReceivableNoncurrent`	$21.31M	USD	Point-in-time
Non-current income tax receivable	`IncomeTaxesReceivableNoncurrent`	$21.31M	USD	Point-in-time
Deferred income taxes	`DeferredIncomeTaxAssetsNet`	$222.78M	USD	Point-in-time
Deferred income taxes	`DeferredIncomeTaxAssetsNet`	$194.80M	USD	Point-in-time
Other long-term assets	`OtherAssetsNoncurrent`	$21.68M	USD	Point-in-time
Other long-term assets	`OtherAssetsNoncurrent`	$21.04M	USD	Point-in-time
Total assets	`Assets`	$1.40B	USD	Point-in-time
Total assets	`Assets`	$1.40B	USD	Point-in-time
Accounts payable	`AccountsPayableCurrent`	$42.22M	USD	Point-in-time
Accounts payable	`AccountsPayableCurrent`	$33.59M	USD	Point-in-time
Accrued expenses	`AccruedLiabilitiesCurrent`	$69.46M	USD	Point-in-time
Accrued expenses	`AccruedLiabilitiesCurrent`	$82.34M	USD	Point-in-time
Other current liabilities	`OtherLiabilitiesCurrent`	$9.82M	USD	Point-in-time
Other current liabilities	`OtherLiabilitiesCurrent`	$7.74M	USD	Point-in-time
Current portion of long-term debt	`LongTermDebtCurrent`	$760.00K	USD	Point-in-time
Current portion of long-term debt	`LongTermDebtCurrent`	-	USD	Point-in-time
Total current liabilities	`LiabilitiesCurrent`	$124.43M	USD	Point-in-time
Total current liabilities	`LiabilitiesCurrent`	$121.50M	USD	Point-in-time
Long-term debt	`LongTermDebtNoncurrent`	$468.23M	USD	Point-in-time
Long-term debt	`LongTermDebtNoncurrent`	$338.70M	USD	Point-in-time
Asset retirement obligations	`AssetRetirementObligationsNoncurrent`	$59.05M	USD	Point-in-time
Asset retirement obligations	`AssetRetirementObligationsNoncurrent`	$59.64M	USD	Point-in-time
Other long-term liabilities	`OtherLiabilitiesNoncurrent`	$30.72M	USD	Point-in-time
Other long-term liabilities	`OtherLiabilitiesNoncurrent`	$61.09M	USD	Point-in-time
Total liabilities	`Liabilities`	$682.43M	USD	Point-in-time
Total liabilities	`Liabilities`	$580.94M	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, 53,282,529 issued and 51,560,688 outstanding as of March 31, 2019 and 53,256,098 issued and 51,622,898 outstanding as of December 31, 2018)	`CommonStockValue`	$533.00K	USD	Point-in-time
Common stock, $0.01 par value per share (Authorized -140,000,000 shares, 53,282,529 issued and 51,560,688 outstanding as of March 31, 2019 and 53,256,098 issued and 51,622,898 outstanding as of December 31, 2018)	`CommonStockValue`	$533.00K	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
Treasury stock, at cost (1,721,841 shares)	`TreasuryStockValue`	$40.00M	USD	Point-in-time
Treasury stock, at cost (1,721,841 shares)	`TreasuryStockValue`	$38.03M	USD	Point-in-time
Additional paid in capital	`AdditionalPaidInCapital`	$240.41M	USD	Point-in-time
Additional paid in capital	`AdditionalPaidInCapital`	$239.83M	USD	Point-in-time
Retained earnings	`RetainedEarningsAccumulatedDeficit`	$510.28M	USD	Point-in-time
Retained earnings	`RetainedEarningsAccumulatedDeficit`	$618.12M	USD	Point-in-time
Total stockholders equity	`StockholdersEquity`	$819.06M	USD	Point-in-time
Total stockholders equity	`StockholdersEquity`	$413.02M	USD	Point-in-time
Total stockholders equity	`StockholdersEquity`	$584.91M	USD	Point-in-time
Total stockholders equity	`StockholdersEquity`	$712.61M	USD	Point-in-time
Total liabilities and stockholders equity	`LiabilitiesAndStockholdersEquity`	$1.40B	USD	Point-in-time
Total liabilities and stockholders equity	`LiabilitiesAndStockholdersEquity`	$1.40B	USD	Point-in-time

Income Statement 34 line items

Line Item	Tag	Value	Unit	Period
Total revenues	`RevenueFromContractWithCustomerIncludingAssessedTax`	$378.29M	USD	1 Quarter
Total revenues	`RevenueFromContractWithCustomerIncludingAssessedTax`	$421.79M	USD	1 Quarter
Cost of sales (exclusive of items shown separately below)	`CostOfGoodsAndServicesSold`	$182.63M	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`	$7.75M	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`	$22.23M	USD	1 Quarter
Selling, general and administrative	`SellingGeneralAndAdministrativeExpense`	$8.23M	USD	1 Quarter
Selling, general and administrative	`SellingGeneralAndAdministrativeExpense`	$8.90M	USD	1 Quarter
Transaction and other expenses	`BusinessCombinationAcquisitionRelatedCosts`	$3.29M	USD	1 Quarter
Transaction and other expenses	`BusinessCombinationAcquisitionRelatedCosts`	-	USD	1 Quarter
Total costs and expenses	`CostsAndExpenses`	$234.53M	USD	1 Quarter
Total costs and expenses	`CostsAndExpenses`	$221.51M	USD	1 Quarter
Operating income	`OperatingIncomeLoss`	$187.25M	USD	1 Quarter
Operating income	`OperatingIncomeLoss`	$156.78M	USD	1 Quarter
Interest expense, net	`InterestIncomeExpenseNonoperatingNet`	$-8.56M	USD	1 Quarter
Interest expense, net	`InterestIncomeExpenseNonoperatingNet`	$-8.59M	USD	1 Quarter
Loss on early extinguishment of debt	`GainsLossesOnExtinguishmentOfDebt`	-	USD	1 Quarter
Loss on early extinguishment of debt	`GainsLossesOnExtinguishmentOfDebt`	$-9.76M	USD	1 Quarter
Income before income tax expense	`IncomeLossFromContinuingOperationsBeforeIncomeTaxesExtraordinaryItemsNoncontrollingInterest`	$138.43M	USD	1 Quarter
Income before income tax expense	`IncomeLossFromContinuingOperationsBeforeIncomeTaxesExtraordinaryItemsNoncontrollingInterest`	$178.69M	USD	1 Quarter
Income tax expense	`IncomeTaxExpenseBenefit`	-	USD	1 Quarter
Income tax expense	`IncomeTaxExpenseBenefit`	$27.98M	USD	1 Quarter
Net income	`NetIncomeLoss`	$110.45M	USD	1 Quarter
Net income	`NetIncomeLoss`	$178.69M	USD	1 Quarter
Net income per sharebasic and diluted (in dollars per share)	`EarningsPerShareBasicAndDiluted`	$3.36	USD	1 Quarter
Net income per sharebasic and diluted (in dollars per share)	`EarningsPerShareBasicAndDiluted`	$2.14	USD	1 Quarter
Weighted average number of shares outstandingbasic (in shares)	`WeightedAverageNumberOfSharesOutstandingBasic`	51.51M	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`	51.63M	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`	$0.05	USD	1 Quarter

Cash Flow Statement 64 line items

Line Item	Tag	Value	Unit	Period
Net income	`NetIncomeLoss`	$110.45M	USD	1 Quarter
Net income	`NetIncomeLoss`	$178.69M	USD	1 Quarter
Depreciation and depletion	`DepreciationDepletionAndAmortization`	$24.55M	USD	1 Quarter
Depreciation and depletion	`DepreciationDepletionAndAmortization`	$22.23M	USD	1 Quarter
Deferred income tax expense	`DeferredIncomeTaxExpenseBenefit`	-	USD	1 Quarter
Deferred income tax expense	`DeferredIncomeTaxExpenseBenefit`	$27.98M	USD	1 Quarter
Stock based compensation expense	`ShareBasedCompensation`	$1.19M	USD	1 Quarter
Stock based compensation expense	`ShareBasedCompensation`	$198.00K	USD	1 Quarter
Amortization of debt issuance costs and debt discount/premium, net	`AmortizationOfFinancingCostsAndDiscounts`	$381.00K	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`	$1.16M	USD	1 Quarter
Accretion of asset retirement obligations	`AssetRetirementObligationAccretionExpense`	$812.00K	USD	1 Quarter
Loss on early extinguishment of debt	`GainsLossesOnExtinguishmentOfDebt`	-	USD	1 Quarter
Loss on early extinguishment of debt	`GainsLossesOnExtinguishmentOfDebt`	$-9.76M	USD	1 Quarter
Trade accounts receivable	`IncreaseDecreaseInAccountsReceivable`	$34.58M	USD	1 Quarter
Trade accounts receivable	`IncreaseDecreaseInAccountsReceivable`	$44.33M	USD	1 Quarter
Income tax receivable	`IncreaseDecreaseInIncomeTaxesReceivable`	$-297.00K	USD	1 Quarter
Income tax receivable	`IncreaseDecreaseInIncomeTaxesReceivable`	-	USD	1 Quarter
Inventories	`IncreaseDecreaseInInventories`	$-1.78M	USD	1 Quarter
Inventories	`IncreaseDecreaseInInventories`	$10.82M	USD	1 Quarter
Prepaid expenses and other receivables	`IncreaseDecreaseInPrepaidDeferredExpenseAndOtherAssets`	$-10.17M	USD	1 Quarter
Prepaid expenses and other receivables	`IncreaseDecreaseInPrepaidDeferredExpenseAndOtherAssets`	$-11.89M	USD	1 Quarter
Accounts payable	`IncreaseDecreaseInAccountsPayable`	$10.64M	USD	1 Quarter
Accounts payable	`IncreaseDecreaseInAccountsPayable`	$2.93M	USD	1 Quarter
Accrued expenses and other current liabilities	`IncreaseDecreaseInOtherAccountsPayableAndAccruedLiabilities`	$8.95M	USD	1 Quarter
Accrued expenses and other current liabilities	`IncreaseDecreaseInOtherAccountsPayableAndAccruedLiabilities`	$-15.13M	USD	1 Quarter
Other	`OtherOperatingActivitiesCashFlowStatement`	$2.78M	USD	1 Quarter
Other	`OtherOperatingActivitiesCashFlowStatement`	$-2.48M	USD	1 Quarter
Net cash provided by operating activities	`NetCashProvidedByUsedInOperatingActivities`	$193.74M	USD	1 Quarter
Net cash provided by operating activities	`NetCashProvidedByUsedInOperatingActivities`	$126.41M	USD	1 Quarter
Purchase of property, plant and equipment	`PaymentsToAcquirePropertyPlantAndEquipment`	$24.39M	USD	1 Quarter
Purchase of property, plant and equipment	`PaymentsToAcquirePropertyPlantAndEquipment`	$22.54M	USD	1 Quarter
Deferred mine development costs	`PaymentsToAcquireMiningAssets`	-	USD	1 Quarter
Deferred mine development costs	`PaymentsToAcquireMiningAssets`	$5.58M	USD	1 Quarter
Proceeds from sale of property, plant and equipment	`ProceedsFromSaleOfPropertyPlantAndEquipment`	$234.00K	USD	1 Quarter
Proceeds from sale of property, plant and equipment	`ProceedsFromSaleOfPropertyPlantAndEquipment`	-	USD	1 Quarter
Net cash used in investing activities	`NetCashProvidedByUsedInInvestingActivities`	$-22.54M	USD	1 Quarter
Net cash used in investing activities	`NetCashProvidedByUsedInInvestingActivities`	$-29.74M	USD	1 Quarter
Dividends paid	`PaymentsOfDividends`	$2.69M	USD	1 Quarter
Dividends paid	`PaymentsOfDividends`	$2.61M	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`	$140.27M	USD	1 Quarter
Retirements of debt	`RepaymentsOfLongTermDebt`	$765.00K	USD	1 Quarter
Principal repayments of capital lease obligations	`RepaymentsOfLongTermCapitalLeaseObligations`	-	USD	1 Quarter
Principal repayments of capital lease obligations	`RepaymentsOfLongTermCapitalLeaseObligations`	$1.96M	USD	1 Quarter
Debt issuance costs paid	`PaymentsOfDebtIssuanceCosts`	$3.71M	USD	1 Quarter
Debt issuance costs paid	`PaymentsOfDebtIssuanceCosts`	-	USD	1 Quarter
Common shares repurchased	`PaymentsForRepurchaseOfCommonStock`	-	USD	1 Quarter
Common shares repurchased	`PaymentsForRepurchaseOfCommonStock`	$1.97M	USD	1 Quarter
Other	`ProceedsFromPaymentsForOtherFinancingActivities`	$-4.32M	USD	1 Quarter
Other	`ProceedsFromPaymentsForOtherFinancingActivities`	$-527.00K	USD	1 Quarter
Net cash (used in) provided by financing activities	`NetCashProvidedByUsedInFinancingActivities`	$-147.33M	USD	1 Quarter
Net cash (used in) provided by financing activities	`NetCashProvidedByUsedInFinancingActivities`	$115.39M	USD	1 Quarter
Net increase (decrease) in cash and cash equivalents and restricted cash	`CashCashEquivalentsRestrictedCashAndRestrictedCashEquivalentsPeriodIncreaseDecreaseIncludingExchangeRateEffect`	$-50.66M	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`	$206.41M	USD	Point-in-time
Cash and cash equivalents and restricted cash at beginning of period	`CashCashEquivalentsRestrictedCashAndRestrictedCashEquivalents`	$155.74M	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 beginning of period	`CashCashEquivalentsRestrictedCashAndRestrictedCashEquivalents`	$36.26M	USD	Point-in-time
Cash and cash equivalents and restricted cash at end of period	`CashCashEquivalentsRestrictedCashAndRestrictedCashEquivalents`	$206.41M	USD	Point-in-time
Cash and cash equivalents and restricted cash at end of period	`CashCashEquivalentsRestrictedCashAndRestrictedCashEquivalents`	$155.74M	USD	Point-in-time
Cash and cash equivalents and restricted cash at end of period	`CashCashEquivalentsRestrictedCashAndRestrictedCashEquivalents`	$322.85M	USD	Point-in-time
Cash and cash equivalents and restricted cash at end of period	`CashCashEquivalentsRestrictedCashAndRestrictedCashEquivalents`	$36.26M	USD	Point-in-time

Stockholders Equity 20 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`	$0.05	USD	1 Quarter
Balance at beginning of period	`StockholdersEquity`	$819.06M	USD	Point-in-time
Balance at beginning of period	`StockholdersEquity`	$413.02M	USD	Point-in-time
Balance at beginning of period	`StockholdersEquity`	$584.91M	USD	Point-in-time
Balance at beginning of period	`StockholdersEquity`	$712.61M	USD	Point-in-time
Net income	`NetIncomeLoss`	$110.45M	USD	1 Quarter
Net income	`NetIncomeLoss`	$178.69M	USD	1 Quarter
Dividends paid ($0.05 per share)	`DividendsCommonStockCash`	$2.61M	USD	1 Quarter
Dividends paid ($0.05 per share)	`DividendsCommonStockCash`	$2.69M	USD	1 Quarter
Stock compensation	`AdjustmentsToAdditionalPaidInCapitalSharebasedCompensationRequisiteServicePeriodRecognitionValue`	$1.11M	USD	1 Quarter
Stock compensation	`AdjustmentsToAdditionalPaidInCapitalSharebasedCompensationRequisiteServicePeriodRecognitionValue`	$198.00K	USD	1 Quarter
Treasury stock purchase	`TreasuryStockValueAcquiredCostMethod`	$1.97M	USD	1 Quarter
Common Shares issued	`StockIssuedDuringPeriodValueNewIssues`	-	USD	1 Quarter
Other	`AdjustmentsToAdditionalPaidInCapitalOther`	$-527.00K	USD	1 Quarter
Other	`AdjustmentsToAdditionalPaidInCapitalOther`	$-4.32M	USD	1 Quarter
Balance at end of period	`StockholdersEquity`	$819.06M	USD	Point-in-time
Balance at end of period	`StockholdersEquity`	$413.02M	USD	Point-in-time
Balance at end of period	`StockholdersEquity`	$584.91M	USD	Point-in-time
Balance at end of period	`StockholdersEquity`	$712.61M	USD	Point-in-time

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