Warrior met coal, inc. (HCC)
CashFlow / Quarterly
Mar'20Dec'19Sep'19Jun'19Mar'19Dec'18Sep'18Jun'18Mar'18Dec'17Sep'17Jun'17Mar'17Mar'16
OPERATING ACTIVITIES
Net income

21,545

20,750

45,021

125,481

110,447

374,190

52,591

91,312

178,694

97,156

119,717

129,865

108,308

-

Adjustments to reconcile net income to net cash provided by operating activities:
Depreciation and depletion

28,692

23,678

25,741

25,678

22,233

25,459

26,071

21,127

24,552

17,788

23,393

19,650

14,582

-

Deferred income tax expense

3,276

-70

7,599

32,970

27,984

-223,038

0

0

0

-

-

-

-

-

Stock based compensation expense

1,733

1,602

1,569

1,455

1,194

807

919

4,481

198

3,026

233

922

0

-

Amortization of debt issuance costs and debt discount/premium, net

351

337

328

315

381

429

661

758

638

573

427

427

462

-

Accretion of asset retirement obligations

733

-

812

812

812

-

1,155

1,155

1,155

-

940

904

995

-

Loss on early extinguishment of debt

0

0

0

0

-9,756

0

0

0

0

-

-

-

-

-

Changes in operating assets and liabilities:
Trade accounts receivable

32,055

-9,774

-51,589

-21,894

44,329

24,649

-16,196

-22,379

34,579

-10,795

35,990

-3,629

30,284

-

Other receivables

-

-

-

-

-

-

-

-

-

-5,860

15,181

-1,442

242

-

Income tax receivable

0

-375

187

-21,310

-297

12,431

0

0

0

-

-

-

-

-

Inventories

17,326

10,203

9,655

-190

10,823

-9,255

5,677

7,174

-1,784

17,804

-37,003

4,339

28,592

-

Prepaid expenses and other receivables

235

2,992

1,430

1,657

-10,167

3,040

8,350

-941

-11,893

10,418

2,274

2,507

2,167

-

Accounts payable

15,614

-5,340

12,930

-4,821

10,640

-6,566

-3,843

12,538

2,931

3,838

2,772

-2,459

10,237

-

Accrued expenses and other current liabilities

-3,538

-17,962

13,613

2,165

-15,133

-5,350

22,908

-12,671

8,948

14,640

-9,015

17,072

-7,055

-

Other

2,232

15,151

2,497

5,638

2,782

-2,679

-289

-2,327

-2,476

2,565

-543

-3,202

-691

-

Net cash provided by operating activities

21,022

24,549

150,427

231,430

126,408

130,797

102,342

132,519

193,738

91,446

116,109

161,404

65,553

-

INVESTING ACTIVITIES
Purchase of property, plant and equipment

22,775

-

-

-

24,395

-

-

-

-

-

-

-

-

-

Payments to Acquire Property, Plant, and Equipment

-

-

-

-

-

22,041

24,160

32,877

22,542

29,954

34,408

16,885

11,378

-

Deferred mine development costs

3,677

4,994

6,329

6,491

5,578

8,937

0

0

0

-

-

-

-

0

Proceeds from sale of property, plant and equipment

0

3

61

2,829

234

2,573

355

0

0

-

-

-

-

-

Sale of short-term investments

14,733

0

0

17,501

0

-

-

-

-

-

-

-

-

-

Purchases of short-term investments

8,500

0

9,921

14,250

0

-

-

-

-

-

-

-

-

-

Net cash used in investing activities

-20,219

-33,903

-42,455

-28,116

-29,739

-28,405

-23,805

-32,877

-22,542

-29,954

-34,408

-16,885

-11,378

-

FINANCING ACTIVITIES
Dividends paid

2,598

2,580

2,604

232,604

2,606

2,653

2,632

352,665

2,685

601,552

2,677

2,673

190,000

-

Borrowings under ABL Facility

70,000

0

0

0

0

1,875

0

0

126,875

344,750

0

0

0

-

Retirements of debt

0

0

0

0

140,272

765

782

748

765

766

763

766

765

-

Principal repayments of finance lease obligations

3,833

-

-

-

1,957

-

-

-

-

-

-

-

-

-

Principal repayments of capital lease obligations

-

-

-

-

-

0

0

0

0

-

-

-

-

-

Debt issuance costs paid

-

-

-

-

-

0

0

0

3,713

2,562

0

0

0

-

Common shares repurchased

0

0

10,576

0

1,970

25,930

0

12,100

0

-

-

-

-

0

Other

-1,012

1

-2

-610

-527

504

-54

-1,068

-4,320

0

0

0

0

0

Net cash provided by (used in) financing activities

62,557

-6,766

-18,614

-238,911

-147,332

-26,969

-3,468

-366,581

115,392

-260,635

-3,440

-3,439

-190,765

-

Net increase (decrease) in cash and cash equivalents and restricted cash

63,360

-16,120

89,358

-35,597

-50,663

75,423

75,069

-266,939

286,588

-199,143

78,261

141,080

-136,590

-

SUPPLEMENTAL DISCLOSURE OF CASH FLOW INFORMATION:
SUPPLEMENTAL DISCLOSURE OF NON-CASH INVESTING AND FINANCING ACTIVITIES:
Net increase (decrease) in cash and cash equivalents and restricted cash

63,360

-16,120

89,358

-35,597

-50,663

75,423

75,069

-266,939

286,588

-199,143

78,261

141,080

-136,590

-

Predecessor
Net income (loss)

-

-

-

-

-

-

-

-

-

-

-

-

-

-61,816

Depreciation and depletion

-

-

-

-

-

-

-

-

-

-

-

-

-

28,958

Deferred income tax (benefit) expense

-

-

-

-

-

-

-

-

-

-

-

-

-

18

Stock-based compensation expense

-

-

-

-

-

-

-

-

-

-

-

-

-

390

Non-cash reorganization items

-

-

-

-

-

-

-

-

-

-

-

-

-

18,882

Amortization of debt issuance costs and debt discount, net

-

-

-

-

-

-

-

-

-

-

-

-

-

10,164

Accretion and valuation adjustment of ARO

-

-

-

-

-

-

-

-

-

-

-

-

-

1,169

Trade accounts receivable

-

-

-

-

-

-

-

-

-

-

-

-

-

-15,097

Other receivables

-

-

-

-

-

-

-

-

-

-

-

-

-

-1,070

Income tax receivable

-

-

-

-

-

-

-

-

-

-

-

-

-

0

Inventories

-

-

-

-

-

-

-

-

-

-

-

-

-

-677

Prepaid expenses and other current assets

-

-

-

-

-

-

-

-

-

-

-

-

-

-13,020

Accounts payable

-

-

-

-

-

-

-

-

-

-

-

-

-

-15,338

Accrued expenses and other current liabilities

-

-

-

-

-

-

-

-

-

-

-

-

-

-16,083

Non-current income tax receivable

-

-

-

-

-

-

-

-

-

-

-

-

-

0

Other

-

-

-

-

-

-

-

-

-

-

-

-

-

858

Net cash provided by (used in) operating activities

-

-

-

-

-

-

-

-

-

-

-

-

-

-40,698

Purchase of property, plant and equipment

-

-

-

-

-

-

-

-

-

-

-

-

-

5,422

Proceeds from sale of property, plant and equipment

-

-

-

-

-

-

-

-

-

-

-

-

-

0

Cash paid for acquisition, net of cash acquired

-

-

-

-

-

-

-

-

-

-

-

-

-

0

Cash receipt from escrow agreement

-

-

-

-

-

-

-

-

-

-

-

-

-

0

Proceeds from termination of life insurance policy

-

-

-

-

-

-

-

-

-

-

-

-

-

0

Purchases of short-term investments

-

-

-

-

-

-

-

-

-

-

-

-

-

0

Net cash used in investing activities

-

-

-

-

-

-

-

-

-

-

-

-

-

-5,422

Dividends paid

-

-

-

-

-

-

-

-

-

-

-

-

-

0

Proceeds from issuance of debt

-

-

-

-

-

-

-

-

-

-

-

-

-

15,723

Proceeds from rights offering

-

-

-

-

-

-

-

-

-

-

-

-

-

0

Retirements of debt

-

-

-

-

-

-

-

-

-

-

-

-

-

285

Principal repayments of capital lease obligations

-

-

-

-

-

-

-

-

-

-

-

-

-

0

Net cash transfers to Parent

-

-

-

-

-

-

-

-

-

-

-

-

-

13,290

Debt issuance costs paid

-

-

-

-

-

-

-

-

-

-

-

-

-

8,388

Net cash provided by (used in) financing activities

-

-

-

-

-

-

-

-

-

-

-

-

-

-6,240

Net increase (decrease) in cash and cash equivalents and restricted cash

-

-

-

-

-

-

-

-

-

-

-

-

-

-52,360

Interest paid, net of capitalized interest

-

-

-

-

-

-

-

-

-

-

-

-

-

0

Cash paid for income taxes

-

-

-

-

-

-

-

-

-

-

-

-

-

0

Capital leases - equipment

-

-

-

-

-

-

-

-

-

-

-

-

-

0

Assets acquired in Asset Acquisition (Note 3)

-

-

-

-

-

-

-

-

-

-

-

-

-

0

Liabilities assumed in Asset Acquisition (Note 3)

-

-

-

-

-

-

-

-

-

-

-

-

-

0