Ramaco resources, inc. (METC)
CashFlow / Quarterly
Mar'20Dec'19Sep'19Jun'19Mar'19Dec'18Sep'18Jun'18Mar'18Dec'17Sep'17Jun'17Mar'17Dec'16Sep'16Jun'16Mar'16
Cash flows from operating activities
Net income

1,962

1,888

5,550

10,613

6,883

3,393

6,211

10,204

5,266

-2,600

-6,235

-3,487

-3,093

-1,534

-1,532

-612

-3,834

Adjustments to reconcile net income (loss) to net cash from operating activities:
Accretion of asset retirement obligations

141

128

127

128

128

124

123

124

123

101

101

101

101

94

94

20

20

Depreciation and amortization

5,002

5,230

5,353

4,822

4,116

3,682

3,348

2,955

2,438

1,819

867

310

156

191

60

0

0

Amortization of debt issuance costs

14

15

15

14

14

163

219

139

48

-

0

0

0

-

-

-

-

Costs associated with abandoned offering

-

-

-

-

-

-

-

-

-

-

-

0

-

-0

0

0

3,089

Stock-based compensation

923

1,002

1,104

1,060

894

698

695

694

551

354

320

0

2,145

231

67

0

0

Deferred income taxes

110

595

1,132

2,088

1,341

-1,339

63

676

709

-

0

0

0

-

-

-

-

Changes in operating assets and liabilities:
Accounts receivable

-4,836

-10,798

3,955

-1,186

16,556

-20,559

3,022

4,769

16,331

4,549

746

295

659

513

401

0

0

Prepaid expenses and other current assets

554

-893

1,720

-540

-1,010

-313

-35

-487

1,464

-653

706

-308

686

5

-82

-15

-90

Inventories

8,197

2,617

-3,949

1,566

842

6,234

-3,344

1,163

74

6,105

1,536

244

651

1,519

0

0

0

Other assets and liabilities

214

-

-

-

-63

-

-

-

-

-

-

-

-7

-

-

-

-

Advanced coal royalties

-

-

-

-

-

-

-

-

-

-

-

732

-

-

-

0

-

Other assets and liabilities

-

-

-

-

-

-

101

250

-44

-

-

213

-

-

-213

225

10

Accounts payable

2,649

-2,022

-1,170

38

-4,159

-6,757

3,896

-7,222

8,562

13,207

922

6,037

-4,632

1,557

303

-1,169

1,172

Accrued expenses

-256

584

1,767

264

1,031

1,464

-2,195

2,718

3,564

986

1,172

-1,908

1,119

-70

323

19

-80

Net cash from operating activities

6,416

16,754

12,514

19,191

-6,077

15,710

12,362

4,675

3,436

4,052

-12,031

5,704

-6,194

-

-

-

-

Cash flow from investing activities:
Net cash from operating activities

-

-

-

-

-

-

-

-

-

-

-

-125

-

-

-

-1,952

447

Purchases of property, plant and equipment

8,900

11,679

14,306

11,538

8,199

8,254

12,405

14,709

12,769

21,758

17,339

24,493

11,447

14,059

423

407

1,832

Purchase of investment securities

-

-

-

-

-

-

-

-

-

-

0

0

14,913

0

64,782

0

0

Proceeds from maturities of investment securities

-

-

-

-

-

0

0

0

-5,200

253

-29,982

-15,008

-10,499

-

-

-

-

Net cash from investing activities

-

-

-

-

-

-8,254

-12,405

-14,709

-7,569

-7,097

18,437

-15,279

-15,862

-

-

-

-

Cash flows from financing activities
Proceeds from notes payable - related party

-

-

-

-

-

-

-

-

-

-

-

0

-

-

-

2,750

-

Proceeds from borrowings

22,200

15,700

13,750

17,800

26,500

15,424

0

7,000

6,000

-

-

-

-

-

-

-

-

Proceeds from notes payable - related party

-

-

-

-

-

-

-

-

-

-

0

0

0

-

-

-

-

Payments of debt issuance cost

-

-

-

-

-

0

140

172

257

-

0

0

0

-

-

-

-

Repayment of borrowings

9,533

19,534

12,001

21,549

17,251

-

-

-

-

-

-

-

-

-

-

-

-

Repayment of notes payable - related party

-

-

-

-

-

-

-

-

-

-

0

0

500

-

0

0

0

Payments of equity offering costs

-

-

-

-

-

-

-

-

-

-

0

0

1,755

2,114

133

0

0

Advances from Ramaco Coal, LLC

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

490

Repayments to Ramaco Coal, LLC

-

-

-

-

-

-

-

-

-

-

0

0

10,629

864

-490

544

0

Repayments of financed insurance payable

281

283

0

116

171

316

246

207

220

-0

35

0

91

70

134

89

79

Proceeds from maturities of investment securities

-

-

-

-

-

-

-

-

-

-

-

15,008

-

-

-

0

0

Net cash from investing activities

-

-

-

-

-

-

-

-

-

-

-

-9,484

-

-

-

-407

-1,832

Proceeds from issuance of common stock

-

-

-

-

-

-

-

-

-

0

0

0

47,709

-

0

0

0

Payment of distributions

-

-

-

-

-

-

-

-

-

-

0

1,499

3,905

-

0

0

0

Contributed capital from members

-

-

-

-

-

-

-

-

-

-

-

0

-

0

0

0

500

Net cash from financing activities

12,386

-4,137

1,749

-3,865

9,078

-5,842

-386

8,621

5,523

0

0

-1,535

30,827

-

-

-

-

Net change in cash and cash equivalents and restricted cash

9,902

938

-43

3,788

-5,198

-

-

-

-

-

-

-

-

-

-

-

-

Net cash from financing activities

-

-

-

-

-

-

-

-

-

-

-

-1,499

-

-

-

2,115

910

Net change in cash and cash equivalents

-

-

-

-

-

-

-

-

1,390

-

6,405

-11,110

8,771

-13,770

18,692

-244

-474

Supplemental cash flow information:
Cash paid for interest

242

178

253

319

249

25

461

283

57

6

0

0

81

-

-

-

-

Cash paid for taxes

-

-

-

-

-

-

-

-

-

-

0

0

0

-

-

-

-

Cash paid for interest

-

-

-

-

-

-

-

-

-

-

-

0

-

-

-

6

1

Non-cash investing and financing activities:
Capital expenditures included in accounts payable and accrued expenses

2,689

-1,166

-1,305

1,041

4,332

425

-1,234

-1,044

3,172

-

-

6,604

5,794

4,375

1,689

386

0

Financed insurance

-

-

-

-

-

0

487

0

789

-

0

0

0

-

-

-

-

Additional asset retirement obligations incurred

9

277

102

94

43

-

73

39

88

1,334

0

285

193

387

7,416

0

0

Accretion – Series A preferred units

-

-

-

-

-

-

-

-

-

-

0

0

123

185

61

0

0