Westmoreland resource partners, lp (WMLP)
Income statement / Quarterly
Dec'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'11Sep'10Jun'10
Coal revenues

-

-

-

-

-

-

-

-

-

-

-

91,560

-

93,000

92,554

103,274

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

Non-coal revenues

-

-

-

-

-

-

-

-

-

-

-

922

-

1,327

2,880

3,970

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

Revenues

76,149

62,785

64,295

67,807

74,143

85,606

81,051

74,805

86,082

90,309

80,467

92,482

87,695

94,327

95,434

107,244

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

Coal sales

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

73,112

79,586

76,770

80,975

84,742

85,691

84,793

85,122

95,027

89,966

94,813

128,953

94,919

83,870

83,304

78,127

78,571

Transportation revenue

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

12,867

11,667

10,442

9,605

9,841

Other revenue

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

21,395

2,415

-

-

2,844

2,434

-

-

-

-

-

-

2,202

-

-

-

-

Other revenue

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

1,234

-

-

-

3,933

1,376

2,187

1,982

3,054

-

-

-

-

-

-

Royalty and non-coal revenue

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

2,493

2,320

1,347

1,736

Total revenues

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

94,507

82,001

78,004

82,330

87,586

88,125

88,726

86,498

97,214

91,948

97,867

96,293

109,988

98,030

96,066

89,079

90,148

Costs and expenses:
Cost of sales (exclusive of depreciation, depletion and amortization, shown separately)

-

57,419

54,065

55,626

-

61,952

59,812

59,416

-

65,949

62,797

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

6,968

Produced coal

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

64,592

66,527

65,207

65,977

68,175

66,556

67,422

67,681

72,896

68,259

79,946

-

73,193

-

-

-

-

Purchased coal

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

300

768

519

4,523

5,881

5,292

6,601

7,564

6,274

6,644

3,203

422

3,143

4,788

5,127

3,790

-

Cost of sales (exclusive of depreciation, depletion and amortization, shown separately)

-

-

-

-

-

-

-

-

-

-

-

71,211

72,070

77,625

77,219

83,827

-197,913

64,892

67,295

65,726

70,500

74,056

71,848

74,023

75,245

79,170

74,903

83,149

123,534

76,336

67,567

62,617

57,138

59,311

Cost of non-coal revenues

-

-

-

-

-

-

-

-

-

-

-

153

-

234

235

3,155

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

Depreciation, depletion and amortization

-

6,470

9,189

8,165

-

9,692

10,110

10,351

-

11,554

14,547

15,265

-

15,471

13,921

14,890

-

-

10,072

11,224

-

-

12,810

12,933

12,151

13,110

12,227

13,682

-

-

-

-

-

-

Cost of transportation

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

12,867

11,667

10,442

9,605

9,841

Cost of other revenue

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

542

369

402

391

455

370

403

-90

499

359

427

-

248

-

-

-

-

Depreciation, depletion and amortization

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

9,236

-

-

-

12,017

-

-

-

-

-

-

-

13,323

13,235

12,111

12,255

9,555

Selling and administrative

4,966

5,553

7,008

5,911

5,138

4,484

3,714

3,897

3,322

3,178

2,844

3,268

4,236

4,039

4,677

4,170

-10,530

3,604

3,270

3,656

4,235

3,051

5,847

4,164

4,154

3,901

3,529

4,045

3,281

3,114

3,378

3,966

4,044

2,867

Gain (Loss) on Disposition of Assets

-1,360

958

1,169

-101

-30

-27

220

142

-1,097

-302

-407

-1,229

-3,855

-1,334

-645

-1,056

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

Loss on impairment

-

0

77,675

-

-

0

0

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

Loss on impairment

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

2,708

0

0

75

749

150

721

141

1,807

206

5,282

8,355

-

-

-

-

-

-

Loss on impairment

-

-

-

-

-

-

-

-

-

3,366

4,163

538

-

0

103

553

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

Gain on disposal of assets, net

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

0

763

-204

-106

1,107

5,905

-418

3,865

-357

5,690

-1,177

-

-516

-

-

-

-

Contract termination and amendment expenses, net

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

652

-

Total cost and expenses

82,750

68,484

146,768

69,803

82,689

76,155

73,416

73,522

79,696

84,349

84,758

91,664

86,758

98,703

96,800

107,651

-237,021

78,274

80,243

81,287

86,302

88,622

85,691

92,082

89,402

97,243

90,610

110,835

97,547

106,404

100,635

94,263

87,484

88,542

Operating (loss) income

-6,601

-5,699

-82,473

-1,996

-8,546

9,451

7,635

1,283

6,386

5,960

-4,291

818

937

-4,376

-1,366

-407

-17,491

16,233

1,758

-3,283

-3,972

-1,036

2,434

-3,356

-2,904

-29

1,338

-12,968

-1,254

3,584

-2,605

1,803

1,595

1,606

Other (expense) income:
Interest expense (contractual interest of $48.2 million for the year ended December 31, 2018)

1,184

12,140

11,609

11,350

11,032

10,989

10,653

10,479

10,543

10,438

10,247

9,848

10,120

8,731

6,010

5,933

-20,899

7,026

7,003

6,870

6,908

6,808

4,416

2,922

2,978

3,012

2,792

2,718

3,083

2,431

2,353

2,003

3,662

2,040

Interest income

341

245

239

259

278

221

233

206

218

216

79

340

184

187

150

369

-4

1

2

1

1

1

1

1

3

1

5

1

3

5

4

1

3

7

Other income

-

-

84

61

-

-

433

44

-84

68

30

24

26

2

130

92

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

Change in fair value of warrants

-

-

-

-148

-

-

-

-131

5

82

-4

190

-550

-308

-448

-29

1,621

-151

-1,885

415

-2,715

-2,714

2,149

0

-

0

-

-

-

-

-

-

-

-

Other income

-20,532

286

-11,286

-10,882

-21,446

-43

-9,987

-10,098

-10,414

-10,236

-10,134

-9,674

-9,360

-8,234

-5,282

-5,443

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

Total other expenses

-

-11,609

-

-

-

-10,811

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

Total other expenses

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-6,874

-5,116

-7,284

-4,192

-4,093

-6,564

-2,921

-

-3,011

-2,787

-

-

-

-

-

-

-

Loss before income taxes

-

-

-

-

-

-

-

-

-

-

-

-

-8,423

-12,610

-6,648

-5,850

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

Income tax expense

-

-

-

-

-

-

-

-

-

-

-

-

0

112

-293

338

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

Net Income (Loss), Including Portion Attributable to Noncontrolling Interest

-15,238

-17,308

-93,759

-12,878

-19,224

-1,360

-2,352

-8,815

-4,028

-4,276

-14,425

-8,856

-8,423

-12,722

-6,355

-6,188

160

9,359

-3,358

-10,567

-8,164

-5,129

-4,130

-6,277

-5,879

-3,040

-1,449

-15,685

-4,334

1,158

-4,954

-199

-2,064

-427

Less net loss attributable to noncontrolling interest

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

1,270

-428

-461

-381

105

470

380

270

384

274

6

91

733

1,134

1,310

1,571

1,336

1,680

Net loss attributable to WMLP unitholders

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-1,110

9,787

-2,897

-10,186

-8,269

-5,599

-4,510

-6,547

-6,263

-3,314

-1,455

-15,776

-5,067

24

-6,264

-1,770

-3,400

-2,107

Less net loss allocated to general partner

-30

-27

-140

-18

-30

-3

-4

-13

-7

-7

-23

-14

2,118

135

0

4,054

-94

-193

57

202

-829

112

89

131

-125

-66

-29

-315

-421

0

125

35

68

42

Net loss allocated to limited partners

-15,208

-17,281

-93,619

-12,860

-19,194

-1,357

-2,348

-8,802

-4,021

-4,269

-14,402

-8,842

-10,541

-12,857

-6,355

-10,242

-1,148

9,594

-2,840

-9,984

-8,104

-5,487

-4,421

-6,416

-6,138

-3,248

-1,426

-15,461

-4,966

24

-6,139

-1,735

-3,332

-2,065

Unrealized and realized (loss) gain on available-for-sale securities

322

115

97

67

84

-102

-105

-146

152

29

-290

28

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

Comprehensive loss attributable to Westmoreland Resource Partners, LP

-15,560

-17,423

-93,856

-12,945

-19,308

-1,258

-2,247

-8,669

-4,180

-4,305

-14,135

-8,884

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

Basic (dollars per share)

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

0.39

-0.11

-0.41

-0.33

-0.22

-0.21

-0.31

-

-0.16

-0.07

-

-

-

-

-

-

-

Diluted (dollars per share)

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

0.39

-0.11

-0.41

-0.33

-0.22

-0.21

-0.31

-

-0.16

-0.07

-

-

-

-

-

-

-

Weighted average number of limited partner common units outstanding used in computation of limited partners' net loss per common unit (basic and diluted)

-

-

-

-

-

-

-

-

-

-

-

-

-

5,878

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

Basic

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-0

-0

-0

Diluted

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-0

-0

-0

Basic (in units)

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

24,778

24,734

24,640

24,668

24,587

21,093

20,756

20,736

20,717

20,704

20,689

20,674

20,635

20,632

20,621

18,884

11,985

Diluted (in units)

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

24,778

24,734

24,640

24,668

24,587

21,093

20,756

20,736

20,717

20,704

20,689

20,602

20,706

20,632

20,621

18,884

11,985

Common (in Dollars per share)

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

0.43

-

-

-

-

-

-

Common

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

0.43

-

-

-

-

Subordinated (in Dollars per share)

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

0.43

-

0.43

-

-

-

-

General partner (dollars per share)

0.00

0.00

0.00

0.00

0.11

0.13

0.13

0.13

0.13

0.20

0.20

0.20

0.20

0.20

0.20

0.00

-

-

-

-

-

-

-

-

0.09

0.26

0.26

0.43

-

0.43

-

-

-

-

Distributions paid per limited partner unit

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

0.43

0.43

-

-