Ramaco resources, inc. (METC)
CashFlow / TTM
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

20,013

24,934

26,439

27,100

26,691

25,074

19,080

6,634

-7,057

-15,417

-14,351

-9,648

-6,773

-7,515

0

0

0

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

524

511

507

503

499

494

471

449

426

405

398

391

310

229

0

0

0

Depreciation and amortization

20,407

19,521

17,973

15,968

14,101

12,423

10,560

8,079

5,435

3,154

1,526

719

408

252

0

0

0

Amortization of debt issuance costs

58

58

206

410

535

569

0

0

0

-

0

0

0

-

-

-

-

Costs associated with abandoned offering

-

-

-

-

-

-

-

-

-

-

-

0

-

3,089

0

0

0

Stock-based compensation

4,089

4,060

3,756

3,347

2,981

2,638

2,294

1,919

1,225

2,820

2,696

2,444

2,444

299

0

0

0

Deferred income taxes

3,925

5,156

3,222

2,153

741

109

0

0

0

-

0

0

0

-

-

-

-

Changes in operating assets and liabilities:
Accounts receivable

-12,865

8,527

-1,234

-2,167

3,788

3,563

28,671

26,395

21,922

6,251

2,215

1,870

1,574

915

0

0

0

Prepaid expenses and other current assets

841

-723

-143

-1,898

-1,845

629

288

1,029

1,208

431

1,089

301

594

-183

0

0

0

Inventories

8,431

1,076

4,693

5,298

4,895

4,127

3,998

8,879

7,961

8,539

3,952

2,415

2,170

1,519

0

0

0

Other assets and liabilities

0

-

-

-

0

-

-

-

-

-

-

-

0

-

-

-

-

Advanced coal royalties

-

-

-

-

-

-

-

-

-

-

-

0

-

-

-

0

-

Other assets and liabilities

-

-

-

-

-

-

0

0

0

-

-

0

-

-

0

0

0

Accounts payable

-505

-7,313

-12,048

-6,982

-14,242

-1,521

18,443

15,470

28,729

15,535

3,884

3,265

-3,941

1,864

0

0

0

Accrued expenses

2,359

3,646

4,526

564

3,018

5,551

5,073

8,440

3,813

1,369

312

-535

1,392

193

0

0

0

Net cash from operating activities

54,875

42,382

41,338

41,186

26,670

36,183

24,525

131

1,161

-8,469

0

0

0

-

-

-

-

Cash flow from investing activities:
Net cash from operating activities

-

-

-

-

-

-

-

-

-

-

-

0

-

-

-

0

0

Purchases of property, plant and equipment

46,423

45,722

42,297

40,396

43,567

48,137

61,641

66,576

76,360

75,039

67,339

50,423

26,337

16,723

0

0

0

Purchase of investment securities

-

-

-

-

-

-

-

-

-

-

14,914

79,696

79,696

64,783

0

0

0

Proceeds from maturities of investment securities

-

-

-

-

-

-5,200

-4,946

-34,929

-49,938

-55,237

0

0

0

-

-

-

-

Net cash from investing activities

-

-

-

-

-

-42,937

-41,780

-10,938

-11,508

-19,802

0

0

0

-

-

-

-

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

-

-

-

-

-

-

-

-

-

-

-

0

-

-

-

0

-

Proceeds from borrowings

69,450

73,750

73,474

59,724

48,924

28,424

0

0

0

-

-

-

-

-

-

-

-

Proceeds from notes payable - related party

-

-

-

-

-

-

-

-

-

-

0

0

0

-

-

-

-

Payments of debt issuance cost

-

-

-

-

-

569

0

0

0

-

0

0

0

-

-

-

-

Repayment of borrowings

62,617

70,335

0

0

0

-

-

-

-

-

-

-

-

-

-

-

-

Repayment of notes payable - related party

-

-

-

-

-

-

-

-

-

-

0

500

500

-

0

0

0

Payments of equity offering costs

-

-

-

-

-

-

-

-

-

-

3,869

4,003

4,003

2,248

0

0

0

Advances from Ramaco Coal, LLC

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

0

Repayments to Ramaco Coal, LLC

-

-

-

-

-

-

-

-

-

-

11,493

11,002

11,547

918

0

0

0

Repayments of financed insurance payable

680

570

603

849

940

989

672

462

255

127

198

296

386

375

0

0

0

Proceeds from maturities of investment securities

-

-

-

-

-

-

-

-

-

-

-

0

-

-

-

0

0

Net cash from investing activities

-

-

-

-

-

-

-

-

-

-

-

0

-

-

-

0

0

Proceeds from issuance of common stock

-

-

-

-

-

-

-

-

-

47,709

0

47,709

47,709

-

0

0

0

Payment of distributions

-

-

-

-

-

-

-

-

-

-

0

5,405

3,905

-

0

0

0

Contributed capital from members

-

-

-

-

-

-

-

-

-

-

-

0

-

500

0

0

0

Net cash from financing activities

6,133

2,825

1,120

-1,015

11,471

7,916

13,758

14,144

3,987

29,292

0

0

0

-

-

-

-

Net change in cash and cash equivalents and restricted cash

14,585

-515

0

0

0

-

-

-

-

-

-

-

-

-

-

-

-

Net cash from financing activities

-

-

-

-

-

-

-

-

-

-

-

0

-

-

-

0

0

Net change in cash and cash equivalents

-

-

-

-

-

-

-

-

-6,644

-

-9,704

2,583

13,448

4,203

0

0

0

Supplemental cash flow information:
Cash paid for interest

992

999

846

1,054

1,018

826

807

346

63

88

0

0

0

-

-

-

-

Cash paid for taxes

-

-

-

-

-

-

-

-

-

-

0

0

0

-

-

-

-

Cash paid for interest

-

-

-

-

-

-

-

-

-

-

-

0

-

-

-

0

0

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

1,259

2,902

4,493

4,564

2,479

1,319

0

0

0

-

-

18,463

12,246

6,452

0

0

0

Financed insurance

-

-

-

-

-

1,276

0

0

0

-

0

0

0

-

-

-

-

Additional asset retirement obligations incurred

482

516

0

0

0

-

1,534

1,461

1,707

1,813

866

8,282

7,997

7,804

0

0

0

Accretion – Series A preferred units

-

-

-

-

-

-

-

-

-

-

309

370

370

247

0

0

0