Alliance resource partners lp (ARLP)
Income statement / Quarterly
Mar'20Dec'19Sep'19Jun'19Mar'19Dec'18Sep'18Jun'18Mar'18Dec'17Sep'17Jun'17Mar'17Dec'16Sep'16Jun'16Mar'16Dec'15Sep'15Jun'15Mar'15Dec'14Sep'14Jun'14Mar'14Dec'13Sep'13Jun'13Mar'13Dec'12Sep'12Jun'12Mar'12Dec'11Sep'11Jun'11Mar'11Dec'10Sep'10Jun'10Mar'10Sep'09Jun'09
SALES AND OPERATING REVENUES:
Revenues

350,763

453,338

464,726

517,054

526,602

531,840

497,758

516,137

457,122

483,231

453,189

398,720

461,080

527,400

552,074

439,150

412,829

542,152

566,445

604,720

560,416

590,793

569,328

598,562

542,038

566,706

537,229

553,571

548,055

549,410

511,441

529,864

443,586

474,609

487,747

457,946

423,258

418,613

410,448

400,343

380,661

299,644

303,904

EXPENSES:
Operating expenses (excluding depreciation, depletion and amortization)

234,342

286,845

278,254

314,273

302,728

310,870

308,404

311,201

277,238

297,427

294,497

237,904

262,027

280,261

326,891

251,947

263,579

340,829

336,527

375,065

334,362

359,055

349,170

352,893

322,242

356,706

346,045

347,437

348,575

356,485

338,644

334,647

273,515

296,744

294,771

284,117

256,118

259,578

264,388

246,702

239,267

204,840

204,477

Outside coal purchases

-

-

10,599

5,311

-

24

0

68

1,374

-

-

-

-

-

1,514

-

-

1

2

2

322

7

3

2

2

2

636

790

602

3,848

4,424

16,154

14,181

24,785

19,864

5,842

3,789

4,956

5,736

4,544

1,842

517

432

General and administrative

13,438

17,779

17,885

19,521

17,812

18,785

15,836

17,026

16,651

15,778

15,005

14,944

16,033

19,514

18,114

17,663

17,238

15,148

17,948

17,542

16,846

18,351

16,995

19,771

17,435

16,961

14,893

16,597

15,246

14,798

13,598

16,052

14,289

13,636

13,276

13,002

12,420

14,185

14,304

11,628

10,701

9,959

9,307

Depreciation, depletion and amortization

73,921

88,675

72,348

76,913

71,139

76,031

70,196

72,150

61,848

74,872

69,962

59,020

65,127

90,773

101,432

73,697

70,607

81,253

84,661

79,801

78,268

71,027

69,646

67,052

66,841

66,223

66,099

68,207

64,382

63,199

59,781

52,109

43,033

43,098

40,275

39,100

37,862

37,321

37,587

35,677

36,296

28,145

28,272

Asset impairment

24,977

-

15,190

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

10,695

-

-

-

-

-

-

-

-

-

-

-

19,031

-

-

-

-

-

-

-

-

-

-

-

-

Goodwill impairment

132,026

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

Settlement gain

-

-

-

-

-

0

0

0

80,000

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

Total operating expenses

483,443

417,357

414,300

448,648

421,917

482,564

423,133

427,977

296,896

404,844

387,473

319,196

352,783

400,927

455,643

348,789

357,982

535,940

459,228

480,190

436,946

456,645

441,815

445,528

412,525

449,075

439,227

438,002

435,739

442,713

441,103

424,403

351,603

384,750

375,632

350,767

319,489

323,987

329,126

307,372

297,811

255,124

255,282

(LOSS) INCOME FROM OPERATIONS

-132,680

35,981

50,426

68,406

104,685

49,276

74,625

88,160

160,226

78,387

65,716

79,524

108,297

126,473

96,431

90,361

54,847

6,212

107,217

124,530

123,470

134,148

127,513

153,034

129,513

117,631

98,002

115,569

112,316

106,697

70,338

105,461

91,983

89,859

112,115

107,179

103,769

94,626

81,322

92,971

82,850

44,520

48,622

Interest expense (net of interest capitalized for the three months ended March 31, 2020 and 2019 of $557 and $254, respectively)

12,279

12,044

11,698

10,711

11,422

9,565

9,840

9,955

10,858

10,481

10,773

10,615

7,516

7,283

8,001

7,770

7,615

7,527

7,352

8,306

7,968

8,189

8,584

8,748

8,063

8,040

6,168

6,218

6,618

7,058

7,446

8,268

5,912

-5,294

8,782

9,156

9,310

7,395

7,633

7,439

7,595

7,675

7,808

Interest income

52

58

92

138

91

38

32

24

65

12

4

54

24

2

3

2

3

38

285

605

531

433

432

417

389

398

252

178

134

-9

94

51

93

100

83

87

105

54

47

48

51

112

293

Equity method investment income

451

670

659

550

324

7,634

5,980

4,839

3,736

3,446

3,798

2,916

3,700

2,502

1,105

-37

-27

3

-17,221

-22,142

-9,686

-3,102

68

-7,373

-6,241

-8,885

-5,990

-5,699

-3,867

-3,610

-2,832

-4,430

-3,778

-

-

-

-

-

-

-

-

-

-

Equity securities income

-

0

0

0

12,906

4,129

3,989

3,854

3,724

-

2,800

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

Acquisition gain

-

0

0

0

177,043

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

Debt extinguishment loss

-

-

-

-

-

-

-

-

-

-

-

-8,148

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

Other expense

-356

931

-228

-13

-129

-420

-812

-542

-847

-376

-114

-375

533

-1,990

293

161

91

205

455

177

118

388

549

323

306

892

372

353

274

262

254

2,384

215

-357

360

393

587

237

460

304

-150

126

202

(LOSS) INCOME BEFORE INCOME TAXES

-144,812

25,596

39,251

58,370

283,498

51,092

73,974

86,380

156,046

74,586

61,431

63,356

105,038

119,704

89,831

82,717

47,299

21,479

83,384

94,864

106,465

123,678

119,978

137,653

115,904

101,996

86,468

104,183

102,239

96,282

60,408

95,198

82,601

91,492

103,776

98,503

95,151

87,522

74,196

85,884

75,156

37,083

41,309

INCOME TAX BENEFIT

-105

-341

50

186

-106

24

5

3

-10

213

5

4

-12

9

7

6

-9

4

12

7

-2

-

-

-

-

2,703

-718

109

-698

-356

-102

-257

-367

-210

-317

325

-229

155

995

423

168

586

-201

NET (LOSS) INCOME

-144,707

25,937

39,201

58,184

283,604

51,068

73,969

86,377

156,056

74,373

61,426

63,352

105,050

119,695

89,824

82,711

47,308

21,475

83,372

94,857

106,467

123,678

119,978

137,653

115,904

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

36,497

41,510

LESS: NET INCOME ATTRIBUTABLE TO NONCONTROLLING INTEREST

76

105

117

114

7,176

295

236

187

148

138

155

122

148

100

44

-2

-2

0

-7

-7

-13

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

53

50

NET (LOSS) INCOME ATTRIBUTABLE TO ARLP

-144,783

25,832

39,084

58,070

276,428

50,773

73,733

86,190

155,908

74,235

61,271

63,230

104,902

119,595

89,780

82,713

47,310

21,475

83,379

94,864

106,480

123,694

119,978

137,653

115,904

99,293

87,186

104,074

102,937

96,638

60,510

95,455

82,968

91,702

104,093

98,178

95,380

87,367

73,201

85,461

74,988

36,444

41,460

NET INCOME ATTRIBUTABLE TO ARLP
GENERAL PARTNER

-

-

-

-

-

0

0

0

1,560

542

612

604

20,146

20,188

20,571

20,430

19,722

34,603

37,311

37,541

36,883

34,809

35,316

34,781

33,368

212,763

-31,052

-30,592

-29,770

-26,822

-27,263

-27,165

-25,587

-61,573

-23,474

-22,209

21,005

-92,503

18,416

17,957

-17,042

-15,192

-14,764

LIMITED PARTNERS

-

-

39,084

58,070

-

50,773

73,733

86,190

154,348

73,693

60,659

62,626

84,756

99,407

69,209

62,283

27,588

-13,128

46,068

57,323

69,597

88,885

84,662

102,872

82,536

69,358

56,134

73,482

73,167

69,816

33,247

68,290

57,381

72,139

80,619

75,969

74,375

67,610

54,785

67,504

57,946

21,252

26,696

BASIC NET INCOME OF ARLP PER LIMITED PARTNER UNIT (in dollars per unit)

-

-

-

-

-

-

-

-

-

-

0.52

0.82

1.10

1.30

0.91

0.82

0.36

-0.18

0.61

0.76

0.92

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

1.48

1.82

1.56

0.57

-

DILUTED NET INCOME OF ARLP PER LIMITED PARTNER UNIT (in dollars per unit)

-

-

-

-

-

-

-

-

-

-

0.52

0.82

1.10

1.30

0.91

0.82

0.36

-0.18

0.61

0.76

0.92

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

1.48

1.82

1.56

0.57

-

EARNINGS PER LIMITED PARTNER UNIT - BASIC AND DILUTED

-1.14

0.21

0.30

0.44

2.12

0.39

0.55

0.64

1.16

-

-

-

-

-

-

-

-

-

-

-

-

-

1.13

1.37

1.10

-

0.75

0.98

1.95

-1.20

0.89

1.83

1.54

1.94

2.16

2.04

1.99

-

-

-

-

-

-

DISTRIBUTIONS PAID PER LIMITED PARTNER UNIT (in dollars per unit)

-

-

-

-

-

-

-

-

-

-

-

0.43

0.43

-

0.43

0.43

0.67

0.67

0.67

0.66

0.65

0.63

0.62

0.61

0.59

0.03

0.57

0.56

1.10

-0.99

1.06

1.02

0.99

0.95

0.92

0.89

0.86

0.83

0.81

0.79

0.77

0.74

0.73

WEIGHTED AVERAGE NUMBER OF UNITS OUTSTANDING - BASIC (in units)

-

-

-

-

-

-

-

-

-

-

114,237

74,597

74,503

74,375

74,375

74,375

74,291

74,189

74,188

74,188

74,130

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

36,716

36,716

36,690

36,661

36,661

WEIGHTED AVERAGE NUMBER OF UNITS OUTSTANDING - DILUTED (in units)

-

-

-

-

-

-

-

-

-

-

-

74,597

74,503

74,375

74,375

74,375

74,291

148,245

74,188

74,188

74

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

36,716

36,716

36,690

36,661

36,661

WEIGHTED-AVERAGE NUMBER OF UNITS OUTSTANDING - BASIC AND DILUTED

127,072

127,536

128,391

128,391

128,150

129,762

131,170

131,280

130,819

-

-

-

-

-

-

-

-

-

-

-

-

-

74,060

74,060

73,994

-

73,926

73,926

36,919

184,327

36,874

36,874

36,826

-36,702,189

36,775

36,775,741

36,748

-

-

-

-

-

-

Coal sales
Revenues

314,637

405,111

420,005

461,310

476,016

484,943

460,330

475,925

423,610

454,946

435,162

382,262

438,744

504,210

533,817

422,469

401,292

525,513

547,466

567,288

517,739

559,518

548,357

575,191

525,545

542,919

518,447

541,574

534,509

538,330

499,003

512,505

429,599

462,238

473,683

442,483

407,685

404,820

396,655

385,905

364,159

281,628

287,620

Operating expenses (excluding depreciation, depletion and amortization)

234,342

-

278,254

314,273

302,728

-

308,404

311,201

277,238

-

294,497

237,904

262,027

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

Oil & gas royalties
Revenues

14,239

15,481

13,969

11,892

10,393

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

Transportation revenues
Revenues

4,739

16,611

20,024

32,630

30,238

36,371

28,697

27,532

19,785

16,767

8,009

7,328

9,596

10,379

7,692

5,482

6,558

9,274

9,395

7,780

7,148

8,205

6,001

5,810

6,005

9,183

11,554

4,971

6,934

4,383

5,625

5,441

6,585

6,487

7,446

8,706

9,300

7,947

7,111

8,821

9,705

11,663

12,794

Transportation expenses

4,739

16,611

20,024

32,630

30,238

36,371

28,697

27,532

19,785

16,767

8,009

7,328

9,596

10,379

7,692

5,482

6,558

9,274

9,395

7,780

7,148

8,205

6,001

5,810

6,005

9,183

11,554

4,971

6,934

4,383

5,625

5,441

6,585

6,487

7,446

8,706

9,300

7,947

7,111

8,821

9,705

11,663

12,794

Other revenues
Revenues

17,148

16,135

10,728

11,222

9,955

10,526

8,731

12,680

13,727

11,518

10,018

9,130

12,740

12,811

10,565

11,199

4,979

7,365

9,584

29,652

35,529

23,070

14,970

17,561

10,488

14,604

7,228

7,026

6,612

6,697

6,813

11,918

7,402

5,884

6,618

6,757

6,273

5,846

6,682

5,617

6,797

6,353

3,490