10-Q Filing

WARRIOR MET COAL, INC. CIK: 1691303 Q1 2020

Filing Information

Form Type	10-Q
Accession Number	`0001691303-20-000020`
Period End Date	20200331
Filing Date	20200429
Fiscal Year	2020
Fiscal Period	Q1
XBRL Instance	a3312020form10-q_htm.xml

Filing Contents

This filing contains the following financial statements:

Balance Sheet 87 Income Statement 36 Cash Flow Statement 66 Stockholders Equity 8

Balance Sheet 87 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`	$256.74M	USD	Point-in-time
Common stock shares issued (in shares)	`CommonStockSharesIssued`	53.39M	shares	Point-in-time
Common stock shares issued (in shares)	`CommonStockSharesIssued`	53.29M	shares	Point-in-time
Cash and cash equivalents	`CashAndCashEquivalentsAtCarryingValue`	$193.38M	USD	Point-in-time
Short-term investments	`HeldToMaturitySecuritiesCurrent`	$14.68M	USD	Point-in-time
Short-term investments	`HeldToMaturitySecuritiesCurrent`	$8.50M	USD	Point-in-time
Common stock shares outstanding (in shares)	`CommonStockSharesOutstanding`	51.07M	shares	Point-in-time
Common stock shares outstanding (in shares)	`CommonStockSharesOutstanding`	51.17M	shares	Point-in-time
Trade accounts receivable	`AccountsReceivableNetCurrent`	$131.53M	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
Trade accounts receivable	`AccountsReceivableNetCurrent`	$99.47M	USD	Point-in-time
Income tax receivable	`IncomeTaxesReceivable`	$24.27M	USD	Point-in-time
Income tax receivable	`IncomeTaxesReceivable`	$12.93M	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
Preferred stock shares authorized (in shares)	`PreferredStockSharesAuthorized`	10.00M	shares	Point-in-time
Inventories, net	`InventoryNet`	$97.90M	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`	$117.56M	USD	Point-in-time
Preferred stock shares outstanding (in shares)	`PreferredStockSharesOutstanding`	0.00	shares	Point-in-time
Prepaid expenses and other receivables	`PrepaidExpenseCurrent`	$25.93M	USD	Point-in-time
Preferred stock shares outstanding (in shares)	`PreferredStockSharesOutstanding`	0.00	shares	Point-in-time
Prepaid expenses and other receivables	`PrepaidExpenseCurrent`	$25.69M	USD	Point-in-time
Treasury stock (in shares)	`TreasuryStockShares`	2.22B	shares	Point-in-time
Total current assets	`AssetsCurrent`	$564.53M	USD	Point-in-time
Total current assets	`AssetsCurrent`	$444.05M	USD	Point-in-time
Treasury stock (in shares)	`TreasuryStockShares`	2.22B	shares	Point-in-time
Mineral interests, net	`MineralPropertiesNet`	$107.43M	USD	Point-in-time
Mineral interests, net	`MineralPropertiesNet`	$110.13M	USD	Point-in-time
Property, plant and equipment, net	`PropertyPlantAndEquipmentAndFinanceLeaseRightOfUseAssetAfterAccumulatedDepreciationAndAmortization`	$606.20M	USD	Point-in-time
Property, plant and equipment, net	`PropertyPlantAndEquipmentAndFinanceLeaseRightOfUseAssetAfterAccumulatedDepreciationAndAmortization`	$598.62M	USD	Point-in-time
Non-current income tax receivable	`IncomeTaxesReceivableNoncurrent`	-	USD	Point-in-time
Non-current income tax receivable	`IncomeTaxesReceivableNoncurrent`	$11.35M	USD	Point-in-time
Deferred income taxes	`DeferredIncomeTaxAssetsNet`	$151.02M	USD	Point-in-time
Deferred income taxes	`DeferredIncomeTaxAssetsNet`	$154.30M	USD	Point-in-time
Other long-term assets	`OtherAssetsNoncurrent`	$17.57M	USD	Point-in-time
Other long-term assets	`OtherAssetsNoncurrent`	$18.24M	USD	Point-in-time
Total assets	`Assets`	$1.44B	USD	Point-in-time
Total assets	`Assets`	$1.34B	USD	Point-in-time
Accounts payable	`AccountsPayableCurrent`	$54.62M	USD	Point-in-time
Accounts payable	`AccountsPayableCurrent`	$46.44M	USD	Point-in-time
Accrued expenses	`AccruedLiabilitiesCurrent`	$65.75M	USD	Point-in-time
Accrued expenses	`AccruedLiabilitiesCurrent`	$63.48M	USD	Point-in-time
Short term financing lease liabilities	`FinanceLeaseLiabilityCurrent`	$10.15M	USD	Point-in-time
Short term financing lease liabilities	`FinanceLeaseLiabilityCurrent`	$8.02M	USD	Point-in-time
Other current liabilities	`OtherLiabilitiesCurrent`	$6.62M	USD	Point-in-time
Other current liabilities	`OtherLiabilitiesCurrent`	$6.61M	USD	Point-in-time
Current portion of long-term debt	`LongTermDebtCurrent`	-	USD	Point-in-time
Current portion of long-term debt	`LongTermDebtCurrent`	-	USD	Point-in-time
Total current liabilities	`LiabilitiesCurrent`	$128.95M	USD	Point-in-time
Total current liabilities	`LiabilitiesCurrent`	$132.73M	USD	Point-in-time
Long-term debt	`LongTermDebtNoncurrent`	$409.36M	USD	Point-in-time
Long-term debt	`LongTermDebtNoncurrent`	$339.19M	USD	Point-in-time
Asset retirement obligations	`AssetRetirementObligationsNoncurrent`	$54.31M	USD	Point-in-time
Asset retirement obligations	`AssetRetirementObligationsNoncurrent`	$53.58M	USD	Point-in-time
Long term financing lease liabilities	`FinanceLeaseLiabilityNoncurrent`	$26.11M	USD	Point-in-time
Long term financing lease liabilities	`FinanceLeaseLiabilityNoncurrent`	$25.53M	USD	Point-in-time
Other long-term liabilities	`OtherLiabilitiesNoncurrent`	$31.43M	USD	Point-in-time
Other long-term liabilities	`OtherLiabilitiesNoncurrent`	$31.55M	USD	Point-in-time
Total liabilities	`Liabilities`	$654.05M	USD	Point-in-time
Total liabilities	`Liabilities`	$578.68M	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 as of March 31, 2020 and December 31, 2019, 53,387,591 issued and 51,165,750 outstanding as of March 31, 2020 and 53,293,449 issued and 51,071,608 outstanding as of December 31, 2019)	`CommonStockValue`	$533.00K	USD	Point-in-time
Common stock, $0.01 par value per share (Authorized -140,000,000 shares as of March 31, 2020 and December 31, 2019, 53,387,591 issued and 51,165,750 outstanding as of March 31, 2020 and 53,293,449 issued and 51,071,608 outstanding as of December 31, 2019)	`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 (2,221,841 shares as of March 31, 2020 and December 31, 2019)	`TreasuryStockValue`	$50.58M	USD	Point-in-time
Treasury stock, at cost (2,221,841 shares as of March 31, 2020 and December 31, 2019)	`TreasuryStockValue`	$50.58M	USD	Point-in-time
Additional paid in capital	`AdditionalPaidInCapital`	$243.93M	USD	Point-in-time
Additional paid in capital	`AdditionalPaidInCapital`	$244.53M	USD	Point-in-time
Retained earnings	`RetainedEarningsAccumulatedDeficit`	$590.64M	USD	Point-in-time
Retained earnings	`RetainedEarningsAccumulatedDeficit`	$571.69M	USD	Point-in-time
Total stockholders equity	`StockholdersEquity`	$765.58M	USD	Point-in-time
Total stockholders equity	`StockholdersEquity`	$819.06M	USD	Point-in-time
Total stockholders equity	`StockholdersEquity`	$785.12M	USD	Point-in-time
Total liabilities and stockholders equity	`LiabilitiesAndStockholdersEquity`	$1.44B	USD	Point-in-time
Total liabilities and stockholders equity	`LiabilitiesAndStockholdersEquity`	$1.34B	USD	Point-in-time

Income Statement 36 line items

Line Item	Tag	Value	Unit	Period
Total revenues	`RevenueFromContractWithCustomerIncludingAssessedTax`	$226.72M	USD	1 Quarter
Total revenues	`RevenueFromContractWithCustomerIncludingAssessedTax`	$378.29M	USD	1 Quarter
Cost of sales (exclusive of items shown separately below)	`CostOfGoodsAndServicesSold`	$151.51M	USD	1 Quarter
Cost of sales (exclusive of items shown separately below)	`CostOfGoodsAndServicesSold`	$182.63M	USD	1 Quarter
Cost of other revenues (exclusive of items shown separately below)	`OtherCostOfOperatingRevenue`	$7.56M	USD	1 Quarter
Cost of other revenues (exclusive of items shown separately below)	`OtherCostOfOperatingRevenue`	$7.75M	USD	1 Quarter
Depreciation and depletion	`DepreciationDepletionAndAmortization`	$28.69M	USD	1 Quarter
Depreciation and depletion	`DepreciationDepletionAndAmortization`	$22.23M	USD	1 Quarter
Selling, general and administrative	`SellingGeneralAndAdministrativeExpense`	$8.46M	USD	1 Quarter
Selling, general and administrative	`SellingGeneralAndAdministrativeExpense`	$8.90M	USD	1 Quarter
Total costs and expenses	`CostsAndExpenses`	$221.51M	USD	1 Quarter
Total costs and expenses	`CostsAndExpenses`	$196.22M	USD	1 Quarter
Operating income	`OperatingIncomeLoss`	$156.78M	USD	1 Quarter
Operating income	`OperatingIncomeLoss`	$30.50M	USD	1 Quarter
Interest expense, net	`InterestIncomeExpenseNonoperatingNet`	$-7.53M	USD	1 Quarter
Interest expense, net	`InterestIncomeExpenseNonoperatingNet`	$-8.59M	USD	1 Quarter
Loss on early extinguishment of debt	`GainsLossesOnExtinguishmentOfDebt`	$-9.76M	USD	1 Quarter
Loss on early extinguishment of debt	`GainsLossesOnExtinguishmentOfDebt`	-	USD	1 Quarter
Other income	`OtherIncome`	-	USD	1 Quarter
Other income	`OtherIncome`	$1.82M	USD	1 Quarter
Income before income tax expense	`IncomeLossFromContinuingOperationsBeforeIncomeTaxesExtraordinaryItemsNoncontrollingInterest`	$24.79M	USD	1 Quarter
Income before income tax expense	`IncomeLossFromContinuingOperationsBeforeIncomeTaxesExtraordinaryItemsNoncontrollingInterest`	$138.43M	USD	1 Quarter
Income tax expense	`IncomeTaxExpenseBenefit`	$27.98M	USD	1 Quarter
Income tax expense	`IncomeTaxExpenseBenefit`	$3.24M	USD	1 Quarter
Net income	`NetIncomeLoss`	$110.45M	USD	1 Quarter
Net income	`NetIncomeLoss`	$21.55M	USD	1 Quarter
Net income per sharebasic (in dollars per share)	`EarningsPerShareBasic`	$2.14	USD	1 Quarter
Net income per sharebasic (in dollars per share)	`EarningsPerShareBasic`	$0.42	USD	1 Quarter
Net income per sharediluted (in dollars per share)	`EarningsPerShareDiluted`	$2.14	USD	1 Quarter
Net income per sharediluted (in dollars per share)	`EarningsPerShareDiluted`	$0.42	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`	51.11M	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`	51.27M	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 66 line items

Line Item	Tag	Value	Unit	Period
Net income	`NetIncomeLoss`	$110.45M	USD	1 Quarter
Net income	`NetIncomeLoss`	$21.55M	USD	1 Quarter
Depreciation and depletion	`DepreciationDepletionAndAmortization`	$28.69M	USD	1 Quarter
Depreciation and depletion	`DepreciationDepletionAndAmortization`	$22.23M	USD	1 Quarter
Deferred income tax expense	`DeferredIncomeTaxExpenseBenefit`	$3.28M	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`	$1.73M	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`	$351.00K	USD	1 Quarter
Accretion of asset retirement obligations	`AssetRetirementObligationAccretionExpense`	$812.00K	USD	1 Quarter
Accretion of asset retirement obligations	`AssetRetirementObligationAccretionExpense`	$733.00K	USD	1 Quarter
Loss on early extinguishment of debt	`GainsLossesOnExtinguishmentOfDebt`	$-9.76M	USD	1 Quarter
Loss on early extinguishment of debt	`GainsLossesOnExtinguishmentOfDebt`	-	USD	1 Quarter
Trade accounts receivable	`IncreaseDecreaseInAccountsReceivable`	$32.05M	USD	1 Quarter
Trade accounts receivable	`IncreaseDecreaseInAccountsReceivable`	$44.33M	USD	1 Quarter
Income tax receivable	`IncreaseDecreaseInIncomeTaxesReceivable`	-	USD	1 Quarter
Income tax receivable	`IncreaseDecreaseInIncomeTaxesReceivable`	$-297.00K	USD	1 Quarter
Inventories	`IncreaseDecreaseInInventories`	$10.82M	USD	1 Quarter
Inventories	`IncreaseDecreaseInInventories`	$17.33M	USD	1 Quarter
Prepaid expenses and other receivables	`IncreaseDecreaseInPrepaidDeferredExpenseAndOtherAssets`	$-10.17M	USD	1 Quarter
Prepaid expenses and other receivables	`IncreaseDecreaseInPrepaidDeferredExpenseAndOtherAssets`	$235.00K	USD	1 Quarter
Accounts payable	`IncreaseDecreaseInAccountsPayable`	$15.61M	USD	1 Quarter
Accounts payable	`IncreaseDecreaseInAccountsPayable`	$10.64M	USD	1 Quarter
Accrued expenses and other current liabilities	`IncreaseDecreaseInOtherAccountsPayableAndAccruedLiabilities`	$-15.13M	USD	1 Quarter
Accrued expenses and other current liabilities	`IncreaseDecreaseInOtherAccountsPayableAndAccruedLiabilities`	$-3.54M	USD	1 Quarter
Other	`OtherOperatingActivitiesCashFlowStatement`	$2.78M	USD	1 Quarter
Other	`OtherOperatingActivitiesCashFlowStatement`	$2.23M	USD	1 Quarter
Net cash provided by operating activities	`NetCashProvidedByUsedInOperatingActivities`	$126.41M	USD	1 Quarter
Net cash provided by operating activities	`NetCashProvidedByUsedInOperatingActivities`	$21.02M	USD	1 Quarter
Purchase of property, plant and equipment	`PaymentsToAcquireOtherPropertyPlantAndEquipment`	$24.39M	USD	1 Quarter
Purchase of property, plant and equipment	`PaymentsToAcquireOtherPropertyPlantAndEquipment`	$22.77M	USD	1 Quarter
Deferred mine development costs	`PaymentsToAcquireMiningAssets`	$3.68M	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
Sale of short-term investments	`ProceedsFromSaleOfShortTermInvestments`	$14.73M	USD	1 Quarter
Sale of short-term investments	`ProceedsFromSaleOfShortTermInvestments`	-	USD	1 Quarter
Purchases of short-term investments	`PaymentsToAcquireShortTermInvestments`	$8.50M	USD	1 Quarter
Purchases of short-term investments	`PaymentsToAcquireShortTermInvestments`	-	USD	1 Quarter
Net cash used in investing activities	`NetCashProvidedByUsedInInvestingActivities`	$-20.22M	USD	1 Quarter
Net cash used in investing activities	`NetCashProvidedByUsedInInvestingActivities`	$-29.74M	USD	1 Quarter
Dividends paid	`PaymentsOfDividends`	$2.60M	USD	1 Quarter
Dividends paid	`PaymentsOfDividends`	$2.61M	USD	1 Quarter
Borrowings under ABL Facility	`ProceedsFromIssuanceOfLongTermDebt`	-	USD	1 Quarter
Borrowings under ABL Facility	`ProceedsFromIssuanceOfLongTermDebt`	$70.00M	USD	1 Quarter
Retirements of debt	`RepaymentsOfLongTermDebt`	-	USD	1 Quarter
Retirements of debt	`RepaymentsOfLongTermDebt`	$140.27M	USD	1 Quarter
Principal repayments of finance lease obligations	`FinanceLeasePrincipalPayments`	$1.96M	USD	1 Quarter
Principal repayments of finance lease obligations	`FinanceLeasePrincipalPayments`	$3.83M	USD	1 Quarter
Common shares repurchased	`PaymentsForRepurchaseOfCommonStock`	$1.97M	USD	1 Quarter
Common shares repurchased	`PaymentsForRepurchaseOfCommonStock`	-	USD	1 Quarter
Other	`ProceedsFromPaymentsForOtherFinancingActivities`	$-1.01M	USD	1 Quarter
Other	`ProceedsFromPaymentsForOtherFinancingActivities`	$-527.00K	USD	1 Quarter
Net cash provided by (used in) financing activities	`NetCashProvidedByUsedInFinancingActivities`	$62.56M	USD	1 Quarter
Net cash provided by (used in) financing activities	`NetCashProvidedByUsedInFinancingActivities`	$-147.33M	USD	1 Quarter
Net increase (decrease) in cash and cash equivalents and restricted cash	`CashCashEquivalentsRestrictedCashAndRestrictedCashEquivalentsPeriodIncreaseDecreaseIncludingExchangeRateEffect`	$63.36M	USD	1 Quarter
Net increase (decrease) in cash and cash equivalents and restricted cash	`CashCashEquivalentsRestrictedCashAndRestrictedCashEquivalentsPeriodIncreaseDecreaseIncludingExchangeRateEffect`	$-50.66M	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`	$193.38M	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`	$256.74M	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`	$193.38M	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`	$256.74M	USD	Point-in-time

Stockholders Equity 8 line items

Line Item	Tag	Value	Unit	Period
Balance at beginning of period	`StockholdersEquity`	$765.58M	USD	Point-in-time
Balance at beginning of period	`StockholdersEquity`	$819.06M	USD	Point-in-time
Balance at beginning of period	`StockholdersEquity`	$785.12M	USD	Point-in-time
Net income	`NetIncomeLoss`	$110.45M	USD	1 Quarter
Net income	`NetIncomeLoss`	$21.55M	USD	1 Quarter
Balance at end of period	`StockholdersEquity`	$765.58M	USD	Point-in-time
Balance at end of period	`StockholdersEquity`	$819.06M	USD	Point-in-time
Balance at end of period	`StockholdersEquity`	$785.12M	USD	Point-in-time

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