| Dec'19 | Dec'18 | Dec'17 | Dec'16 | Dec'15 | ||
|---|---|---|---|---|---|---|
Cash flows from operating activities | ||||||
Net income | ||||||
24,934 | 25,074 | -15,417 | -7,515 | -2,335 | ||
Adjustments to reconcile net income (loss) to net cash from operating activities: | ||||||
Accretion of asset retirement obligations | ||||||
511 | 494 | 405 | 229 | 74 | ||
Depreciation and amortization | ||||||
19,521 | 12,423 | 3,154 | 252 | 0 | ||
Amortization of debt issuance costs | ||||||
58 | 569 | - | - | - | ||
Costs associated with abandoned offering | ||||||
- | - | - | 3,089 | 0 | ||
Stock-based compensation | ||||||
4,060 | 2,638 | 2,820 | 299 | 0 | ||
Deferred income taxes | ||||||
5,156 | 109 | - | - | - | ||
Changes in operating assets and liabilities: | ||||||
Accounts receivable | ||||||
8,527 | 3,563 | 6,251 | 915 | 0 | ||
Prepaid expenses and other current assets | ||||||
-723 | 629 | 431 | -183 | -170 | ||
Inventories | ||||||
1,076 | 4,127 | 8,539 | 1,519 | 0 | ||
Other assets and liabilities | ||||||
-689 | 835 | 1,114 | 21 | 0 | ||
Accounts payable | ||||||
-7,313 | -1,521 | 15,535 | 1,864 | 92 | ||
Accrued expenses | ||||||
3,646 | 5,551 | 1,369 | 193 | 81 | ||
Net cash from operating activities | ||||||
42,382 | 36,183 | -8,469 | -3,861 | -1,916 | ||
Cash flow from investing activities: | ||||||
Acquisition of Knox Creek | ||||||
- | - | - | 303 | - | ||
Acquisition of Knox Creek | ||||||
- | - | - | - | 0 | ||
Purchases of property, plant and equipment | ||||||
45,722 | 48,137 | 75,039 | 16,723 | 4,848 | ||
Purchase of investment securities | ||||||
- | - | - | 64,783 | 0 | ||
Proceeds from maturities of investment securities | ||||||
- | -5,200 | -55,237 | -4,346 | 0 | ||
Proceeds from withdrawal of investments restricted for surety bond | ||||||
- | - | - | - | 1,385 | ||
Net cash from investing activities | ||||||
-45,722 | -42,937 | -19,802 | -77,463 | -3,463 | ||
Cash flows from financing activities | ||||||
Proceeds from notes payable - related party | ||||||
- | - | - | 4,000 | 0 | ||
Proceeds from borrowings | ||||||
73,750 | 28,424 | - | - | - | ||
Proceeds from notes payable - related party | ||||||
- | 3,000 | - | - | - | ||
Payments of debt issuance cost | ||||||
- | 569 | - | - | - | ||
Repayment of borrowings | ||||||
70,335 | 18,950 | 500 | - | - | ||
Repayment of notes payable - related party | ||||||
- | 3,000 | - | - | 0 | ||
Payments of equity offering costs | ||||||
- | - | - | 2,248 | 3,089 | ||
Proceeds from issuance of Series A preferred units | ||||||
- | - | - | 85,954 | 0 | ||
Offering costs for Series A preferred units | ||||||
- | - | - | 2,250 | 0 | ||
Advances from Ramaco Coal, LLC | ||||||
- | - | - | 864 | 1,015 | ||
Repayments to Ramaco Coal, LLC | ||||||
- | - | - | 918 | 1,385 | ||
Repayments of financed insurance payable | ||||||
570 | 989 | 127 | 375 | 135 | ||
Restricted stock surrendered for withholding taxes payable | ||||||
20 | - | - | - | - | ||
Proceeds from issuance of common stock | ||||||
- | - | 47,709 | - | 0 | ||
Payments of equity offering costs | ||||||
- | - | 1,756 | - | - | ||
Repayments to Ramaco Coal, LLC | ||||||
- | - | 10,629 | - | - | ||
Payment of distributions | ||||||
- | - | 5,405 | - | - | ||
Payment of distributions | ||||||
- | - | - | - | 0 | ||
Contributed capital from members | ||||||
- | - | - | 500 | 9,968 | ||
Net cash from financing activities | ||||||
2,825 | 7,916 | 29,292 | 85,527 | 6,373 | ||
Net change in cash and cash equivalents and restricted cash | ||||||
-515 | 1,162 | 1,021 | - | - | ||
Net change in cash and cash equivalents | ||||||
- | - | - | 4,203 | 993 | ||
Supplemental cash flow information: | ||||||
Cash paid for interest | ||||||
999 | 826 | 88 | 105 | 0 | ||
Cash paid for taxes | ||||||
- | - | - | - | 0 | ||
Non-cash investing and financing activities: | ||||||
Capital expenditures included in accounts payable and accrued expenses | ||||||
2,902 | 1,319 | 5,236 | 6,452 | 548 | ||
Financed insurance | ||||||
939 | 1,276 | - | 310 | 327 | ||
Financed purchase of equipment | ||||||
- | - | - | 500 | 0 | ||
Additional asset retirement obligations incurred | ||||||
516 | - | 1,813 | 7,804 | 229 | ||
Series A preferred units issued in exchange for notes payable – related parties | ||||||
- | - | - | 4,046 | 0 | ||
Paid-in kind distribution on Series A preferred units | ||||||
- | - | - | 777 | 0 | ||
Accretion – Series A preferred units | ||||||
- | - | - | 247 | 0 | ||