10-Q Filing

WARRIOR MET COAL, INC. CIK: 1691303 Q1 2023

Filing Information

Form Type	10-Q
Accession Number	`0001691303-23-000019`
Period End Date	20230331
Filing Date	20230503
Fiscal Year	2023
Fiscal Period	Q1
XBRL Instance	hcc-20230331_htm.xml

Filing Contents

This filing contains the following financial statements:

Balance Sheet 69 Income Statement 38 Cash Flow Statement 56 Stockholders Equity 8

Balance Sheet 69 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 authorized (in shares)	`CommonStockSharesAuthorized`	140.00M	shares	Point-in-time
Common stock authorized (in shares)	`CommonStockSharesAuthorized`	140.00M	shares	Point-in-time
Cash and cash equivalents	`CashAndCashEquivalentsAtCarryingValue`	$862.55M	USD	Point-in-time
Cash and cash equivalents	`CashAndCashEquivalentsAtCarryingValue`	$829.48M	USD	Point-in-time
Common stock issued (in shares)	`CommonStockSharesIssued`	54.21M	shares	Point-in-time
Common stock issued (in shares)	`CommonStockSharesIssued`	53.88M	shares	Point-in-time
Short-term investments	`HeldToMaturitySecuritiesCurrent`	$8.70M	USD	Point-in-time
Common stock outstanding (in shares)	`CommonStockSharesOutstanding`	51.65M	shares	Point-in-time
Common stock outstanding (in shares)	`CommonStockSharesOutstanding`	51.99M	shares	Point-in-time
Short-term investments	`HeldToMaturitySecuritiesCurrent`	$8.61M	USD	Point-in-time
Treasury stock (in shares)	`TreasuryStockCommonShares`	2.22M	shares	Point-in-time
Trade accounts receivable	`AccountsReceivableNetCurrent`	$151.83M	USD	Point-in-time
Treasury stock (in shares)	`TreasuryStockCommonShares`	2.22M	shares	Point-in-time
Trade accounts receivable	`AccountsReceivableNetCurrent`	$208.63M	USD	Point-in-time
Inventories, net	`InventoryNet`	$129.41M	USD	Point-in-time
Inventories, net	`InventoryNet`	$154.04M	USD	Point-in-time
Prepaid expenses and other receivables	`PrepaidExpenseAndOtherAssetsCurrent`	$29.16M	USD	Point-in-time
Prepaid expenses and other receivables	`PrepaidExpenseAndOtherAssetsCurrent`	$34.30M	USD	Point-in-time
Total current assets	`AssetsCurrent`	$1.17B	USD	Point-in-time
Total current assets	`AssetsCurrent`	$1.24B	USD	Point-in-time
Mineral interests, net	`MineralPropertiesNet`	$86.69M	USD	Point-in-time
Mineral interests, net	`MineralPropertiesNet`	$88.64M	USD	Point-in-time
Property, plant and equipment, net	`PropertyPlantAndEquipmentAndFinanceLeaseRightOfUseAssetAfterAccumulatedDepreciationAndAmortization`	$738.95M	USD	Point-in-time
Property, plant and equipment, net	`PropertyPlantAndEquipmentAndFinanceLeaseRightOfUseAssetAfterAccumulatedDepreciationAndAmortization`	$793.87M	USD	Point-in-time
Deferred income taxes	`DeferredIncomeTaxAssetsNet`	$7.09M	USD	Point-in-time
Deferred income taxes	`DeferredIncomeTaxAssetsNet`	$7.57M	USD	Point-in-time
Other long-term assets	`OtherAssetsNoncurrent`	$19.83M	USD	Point-in-time
Other long-term assets	`OtherAssetsNoncurrent`	$19.77M	USD	Point-in-time
Total assets	`Assets`	$2.15B	USD	Point-in-time
Total assets	`Assets`	$2.03B	USD	Point-in-time
Accounts payable	`AccountsPayableCurrent`	$39.03M	USD	Point-in-time
Accounts payable	`AccountsPayableCurrent`	$29.75M	USD	Point-in-time
Accrued expenses	`AccruedLiabilitiesCurrent`	$77.44M	USD	Point-in-time
Accrued expenses	`AccruedLiabilitiesCurrent`	$62.93M	USD	Point-in-time
Asset retirement obligations	`AssetRetirementObligationCurrent`	$3.93M	USD	Point-in-time
Asset retirement obligations	`AssetRetirementObligationCurrent`	$3.90M	USD	Point-in-time
Short-term financing lease liabilities	`FinanceLeaseLiabilityCurrent`	$26.54M	USD	Point-in-time
Short-term financing lease liabilities	`FinanceLeaseLiabilityCurrent`	$24.09M	USD	Point-in-time
Other current liabilities	`OtherLiabilitiesCurrent`	$8.67M	USD	Point-in-time
Other current liabilities	`OtherLiabilitiesCurrent`	$4.58M	USD	Point-in-time
Total current liabilities	`LiabilitiesCurrent`	$127.72M	USD	Point-in-time
Total current liabilities	`LiabilitiesCurrent`	$153.12M	USD	Point-in-time
Long-term debt	`LongTermDebtNoncurrent`	$302.59M	USD	Point-in-time
Long-term debt	`LongTermDebtNoncurrent`	$295.05M	USD	Point-in-time
Asset retirement obligations	`AssetRetirementObligationsNoncurrent`	$66.13M	USD	Point-in-time
Asset retirement obligations	`AssetRetirementObligationsNoncurrent`	$64.58M	USD	Point-in-time
Long-term financing lease liabilities	`FinanceLeaseLiabilityNoncurrent`	$4.03M	USD	Point-in-time
Long-term financing lease liabilities	`FinanceLeaseLiabilityNoncurrent`	$9.00M	USD	Point-in-time
Deferred income taxes	`DeferredIncomeTaxLiabilitiesNet`	$23.38M	USD	Point-in-time
Deferred income taxes	`DeferredIncomeTaxLiabilitiesNet`	$51.96M	USD	Point-in-time
Other long-term liabilities	`OtherLiabilitiesNoncurrent`	$27.91M	USD	Point-in-time
Other long-term liabilities	`OtherLiabilitiesNoncurrent`	$27.82M	USD	Point-in-time
Total liabilities	`Liabilities`	$580.58M	USD	Point-in-time
Total liabilities	`Liabilities`	$572.70M	USD	Point-in-time
Common stock, $0.01 par value, (140,000,000 shares authorized as of March 31, 2023 and December 31, 2022; 54,210,727 issued and 51,988,886 outstanding as of March 31, 2023; 53,875,409 issued and 51,653,568 outstanding as of December 31, 2022)	`CommonStockValue`	$539.00K	USD	Point-in-time
Common stock, $0.01 par value, (140,000,000 shares authorized as of March 31, 2023 and December 31, 2022; 54,210,727 issued and 51,988,886 outstanding as of March 31, 2023; 53,875,409 issued and 51,653,568 outstanding as of December 31, 2022)	`CommonStockValue`	$539.00K	USD	Point-in-time
Treasury stock, at cost (2,221,841 shares as of March 31, 2023 and December 31, 2022)	`TreasuryStockCommonValue`	$50.58M	USD	Point-in-time
Treasury stock, at cost (2,221,841 shares as of March 31, 2023 and December 31, 2022)	`TreasuryStockCommonValue`	$50.58M	USD	Point-in-time
Additional paid in capital	`AdditionalPaidInCapital`	$268.47M	USD	Point-in-time
Additional paid in capital	`AdditionalPaidInCapital`	$269.96M	USD	Point-in-time
Retained earnings	`RetainedEarningsAccumulatedDeficit`	$1.23B	USD	Point-in-time
Retained earnings	`RetainedEarningsAccumulatedDeficit`	$1.36B	USD	Point-in-time
Total stockholders equity	`StockholdersEquity`	$1.02B	USD	Point-in-time
Total stockholders equity	`StockholdersEquity`	$1.45B	USD	Point-in-time
Total stockholders equity	`StockholdersEquity`	$1.58B	USD	Point-in-time
Total liabilities and stockholders equity	`LiabilitiesAndStockholdersEquity`	$2.03B	USD	Point-in-time
Total liabilities and stockholders equity	`LiabilitiesAndStockholdersEquity`	$2.15B	USD	Point-in-time

Income Statement 38 line items

Line Item	Tag	Value	Unit	Period
Total revenues	`RevenueFromContractWithCustomerIncludingAssessedTax`	$509.67M	USD	1 Quarter
Total revenues	`RevenueFromContractWithCustomerIncludingAssessedTax`	$378.65M	USD	1 Quarter
Cost of sales (exclusive of items shown separately below)	`CostOfGoodsAndServicesSold`	$232.63M	USD	1 Quarter
Cost of sales (exclusive of items shown separately below)	`CostOfGoodsAndServicesSold`	$135.34M	USD	1 Quarter
Cost of other revenues (exclusive of items shown separately below)	`OtherCostOfOperatingRevenue`	$7.04M	USD	1 Quarter
Cost of other revenues (exclusive of items shown separately below)	`OtherCostOfOperatingRevenue`	$11.44M	USD	1 Quarter
Depreciation and depletion	`DepreciationDepletionAndAmortization`	$25.80M	USD	1 Quarter
Depreciation and depletion	`DepreciationDepletionAndAmortization`	$37.21M	USD	1 Quarter
Selling, general and administrative	`SellingGeneralAndAdministrativeExpense`	$14.52M	USD	1 Quarter
Selling, general and administrative	`SellingGeneralAndAdministrativeExpense`	$13.93M	USD	1 Quarter
Business interruption	`BusinessInterruption`	$6.69M	USD	1 Quarter
Business interruption	`BusinessInterruption`	$4.22M	USD	1 Quarter
Idle mine	`IdleMineExpense`	-	USD	1 Quarter
Idle mine	`IdleMineExpense`	$3.01M	USD	1 Quarter
Total costs and expenses	`CostsAndExpenses`	$191.80M	USD	1 Quarter
Total costs and expenses	`CostsAndExpenses`	$300.01M	USD	1 Quarter
Operating income	`OperatingIncomeLoss`	$186.85M	USD	1 Quarter
Operating income	`OperatingIncomeLoss`	$209.66M	USD	1 Quarter
Interest income (expense), net	`InterestIncomeExpenseNonoperatingNet`	$1.46M	USD	1 Quarter
Interest income (expense), net	`InterestIncomeExpenseNonoperatingNet`	$-7.82M	USD	1 Quarter
Other income	`OtherNonoperatingIncomeExpense`	$675.00K	USD	1 Quarter
Other income	`OtherNonoperatingIncomeExpense`	$221.00K	USD	1 Quarter
Income before income tax expense	`IncomeLossFromContinuingOperationsBeforeIncomeTaxesExtraordinaryItemsNoncontrollingInterest`	$179.70M	USD	1 Quarter
Income before income tax expense	`IncomeLossFromContinuingOperationsBeforeIncomeTaxesExtraordinaryItemsNoncontrollingInterest`	$211.34M	USD	1 Quarter
Income tax expense	`IncomeTaxExpenseBenefit`	$33.45M	USD	1 Quarter
Income tax expense	`IncomeTaxExpenseBenefit`	$29.06M	USD	1 Quarter
Net income	`NetIncomeLoss`	$182.28M	USD	1 Quarter
Net income	`NetIncomeLoss`	$146.25M	USD	1 Quarter
Net income per share-basic (in dollars per share)	`EarningsPerShareBasic`	$3.52	USD	1 Quarter
Net income per share-basic (in dollars per share)	`EarningsPerShareBasic`	$2.84	USD	1 Quarter
Net income per share-diluted (in dollars per share)	`EarningsPerShareDiluted`	$2.83	USD	1 Quarter
Net income per share-diluted (in dollars per share)	`EarningsPerShareDiluted`	$3.51	USD	1 Quarter
Weighted average number of shares outstanding-basic (in shares)	`WeightedAverageNumberOfSharesOutstandingBasic`	51.84M	shares	1 Quarter
Weighted average number of shares outstanding-basic (in shares)	`WeightedAverageNumberOfSharesOutstandingBasic`	51.53M	shares	1 Quarter
Weighted average number of shares outstanding-diluted (in shares)	`WeightedAverageNumberOfDilutedSharesOutstanding`	51.63M	shares	1 Quarter
Weighted average number of shares outstanding-diluted (in shares)	`WeightedAverageNumberOfDilutedSharesOutstanding`	51.96M	shares	1 Quarter
Dividends per share (in dollars per share)	`CommonStockDividendsPerShareCashPaid`	$0.95	USD	1 Quarter
Dividends per share (in dollars per share)	`CommonStockDividendsPerShareCashPaid`	$0.06	USD	1 Quarter

Cash Flow Statement 56 line items

Line Item	Tag	Value	Unit	Period
Net income	`NetIncomeLoss`	$182.28M	USD	1 Quarter
Net income	`NetIncomeLoss`	$146.25M	USD	1 Quarter
Depreciation and depletion	`DepreciationDepletionAndAmortization`	$25.80M	USD	1 Quarter
Depreciation and depletion	`DepreciationDepletionAndAmortization`	$37.21M	USD	1 Quarter
Deferred income tax expense	`DeferredIncomeTaxExpenseBenefit`	$33.38M	USD	1 Quarter
Deferred income tax expense	`DeferredIncomeTaxExpenseBenefit`	$29.06M	USD	1 Quarter
Stock based compensation expense	`ShareBasedCompensation`	$7.22M	USD	1 Quarter
Stock based compensation expense	`ShareBasedCompensation`	$7.70M	USD	1 Quarter
Amortization of debt issuance costs and debt discount, net	`AmortizationOfFinancingCostsAndDiscounts`	$522.00K	USD	1 Quarter
Amortization of debt issuance costs and debt discount, net	`AmortizationOfFinancingCostsAndDiscounts`	$713.00K	USD	1 Quarter
Accretion of asset retirement obligations	`AssetRetirementObligationAccretionExpense`	$867.00K	USD	1 Quarter
Accretion of asset retirement obligations	`AssetRetirementObligationAccretionExpense`	$906.00K	USD	1 Quarter
Mark-to-market (gain) loss on gas hedges	`DerivativeGainLossOnDerivativeNet`	$500.00K	USD	1 Quarter
Mark-to-market (gain) loss on gas hedges	`DerivativeGainLossOnDerivativeNet`	$-11.68M	USD	1 Quarter
Trade accounts receivable	`IncreaseDecreaseInAccountsReceivable`	$138.33M	USD	1 Quarter
Trade accounts receivable	`IncreaseDecreaseInAccountsReceivable`	$56.80M	USD	1 Quarter
Inventories	`IncreaseDecreaseInInventories`	$39.45M	USD	1 Quarter
Inventories	`IncreaseDecreaseInInventories`	$-17.41M	USD	1 Quarter
Prepaid expenses and other receivables	`IncreaseDecreaseInPrepaidDeferredExpenseAndOtherAssets`	$-7.15M	USD	1 Quarter
Prepaid expenses and other receivables	`IncreaseDecreaseInPrepaidDeferredExpenseAndOtherAssets`	$3.14M	USD	1 Quarter
Accounts payable	`IncreaseDecreaseInAccountsPayable`	$13.09M	USD	1 Quarter
Accounts payable	`IncreaseDecreaseInAccountsPayable`	$-8.46M	USD	1 Quarter
Accrued expenses and other current liabilities	`IncreaseDecreaseInOtherAccountsPayableAndAccruedLiabilities`	$-1.50M	USD	1 Quarter
Accrued expenses and other current liabilities	`IncreaseDecreaseInOtherAccountsPayableAndAccruedLiabilities`	$-18.03M	USD	1 Quarter
Other	`OtherOperatingActivitiesCashFlowStatement`	$4.59M	USD	1 Quarter
Other	`OtherOperatingActivitiesCashFlowStatement`	$3.46M	USD	1 Quarter
Net cash provided by operating activities	`NetCashProvidedByUsedInOperatingActivities`	$192.93M	USD	1 Quarter
Net cash provided by operating activities	`NetCashProvidedByUsedInOperatingActivities`	$70.14M	USD	1 Quarter
Purchase of property, plant and equipment	`PaymentsToAcquireOtherPropertyPlantAndEquipment`	$68.18M	USD	1 Quarter
Purchase of property, plant and equipment	`PaymentsToAcquireOtherPropertyPlantAndEquipment`	$10.53M	USD	1 Quarter
Deferred mine development costs	`PaymentsToAcquireMiningAssets`	$14.46M	USD	1 Quarter
Deferred mine development costs	`PaymentsToAcquireMiningAssets`	$9.89M	USD	1 Quarter
Acquisitions, net of cash acquired	`PaymentsToAcquireBusinessesNetOfCashAcquired`	$-2.53M	USD	1 Quarter
Acquisitions, net of cash acquired	`PaymentsToAcquireBusinessesNetOfCashAcquired`	$2.38M	USD	1 Quarter
Net cash used in investing activities	`NetCashProvidedByUsedInInvestingActivities`	$-17.89M	USD	1 Quarter
Net cash used in investing activities	`NetCashProvidedByUsedInInvestingActivities`	$-85.02M	USD	1 Quarter
Dividends paid	`PaymentsOfDividends`	$50.02M	USD	1 Quarter
Dividends paid	`PaymentsOfDividends`	$3.13M	USD	1 Quarter
Extinguishment of debt	`RepaymentsOfLongTermDebt`	$8.00M	USD	1 Quarter
Extinguishment of debt	`RepaymentsOfLongTermDebt`	-	USD	1 Quarter
Principal repayments of finance lease obligations	`FinanceLeasePrincipalPayments`	$7.63M	USD	1 Quarter
Principal repayments of finance lease obligations	`FinanceLeasePrincipalPayments`	$7.20M	USD	1 Quarter
Other	`ProceedsFromPaymentsForOtherFinancingActivities`	$-9.20M	USD	1 Quarter
Other	`ProceedsFromPaymentsForOtherFinancingActivities`	$-3.72M	USD	1 Quarter
Net cash used in financing activities	`NetCashProvidedByUsedInFinancingActivities`	$-74.85M	USD	1 Quarter
Net cash used in financing activities	`NetCashProvidedByUsedInFinancingActivities`	$-14.04M	USD	1 Quarter
Net increase in cash and cash equivalents	`CashCashEquivalentsRestrictedCashAndRestrictedCashEquivalentsPeriodIncreaseDecreaseIncludingExchangeRateEffect`	$38.21M	USD	1 Quarter
Net increase in cash and cash equivalents	`CashCashEquivalentsRestrictedCashAndRestrictedCashEquivalentsPeriodIncreaseDecreaseIncludingExchangeRateEffect`	$33.07M	USD	1 Quarter
Cash and cash equivalents at beginning of period	`CashCashEquivalentsRestrictedCashAndRestrictedCashEquivalents`	$395.84M	USD	Point-in-time
Cash and cash equivalents at beginning of period	`CashCashEquivalentsRestrictedCashAndRestrictedCashEquivalents`	$862.55M	USD	Point-in-time
Cash and cash equivalents at beginning of period	`CashCashEquivalentsRestrictedCashAndRestrictedCashEquivalents`	$434.05M	USD	Point-in-time
Cash and cash equivalents at beginning of period	`CashCashEquivalentsRestrictedCashAndRestrictedCashEquivalents`	$829.48M	USD	Point-in-time
Cash and cash equivalents at end of period	`CashCashEquivalentsRestrictedCashAndRestrictedCashEquivalents`	$395.84M	USD	Point-in-time
Cash and cash equivalents at end of period	`CashCashEquivalentsRestrictedCashAndRestrictedCashEquivalents`	$862.55M	USD	Point-in-time
Cash and cash equivalents at end of period	`CashCashEquivalentsRestrictedCashAndRestrictedCashEquivalents`	$434.05M	USD	Point-in-time
Cash and cash equivalents at end of period	`CashCashEquivalentsRestrictedCashAndRestrictedCashEquivalents`	$829.48M	USD	Point-in-time

Stockholders Equity 8 line items

Line Item	Tag	Value	Unit	Period
Balance, beginning of period	`StockholdersEquity`	$1.02B	USD	Point-in-time
Balance, beginning of period	`StockholdersEquity`	$1.45B	USD	Point-in-time
Balance, beginning of period	`StockholdersEquity`	$1.58B	USD	Point-in-time
Net income	`NetIncomeLoss`	$182.28M	USD	1 Quarter
Net income	`NetIncomeLoss`	$146.25M	USD	1 Quarter
Balance, end of period	`StockholdersEquity`	$1.02B	USD	Point-in-time
Balance, end of period	`StockholdersEquity`	$1.45B	USD	Point-in-time
Balance, end of period	`StockholdersEquity`	$1.58B	USD	Point-in-time

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