Royal Energy Resources Inc (ROYE) Financial Statements (2024 and earlier)
Company Profile
| Business Address |
56 BROAD STREET CHARLESTON, SC 29401 |
| State of Incorp. | DE |
| Fiscal Year End | December 31 |
| Industry (SIC) | 1221 - Bituminous Coal and Lignite Surface Mining (benchmarking) |
| More info | Complete Financial Analysis Financial Benchmarking |
Balance Sheet (Statement of Financial Position) ($ in thousands)
| 9/30/2019 MRQ | 12/31/2018 | 12/31/2017 | 12/31/2016 | 8/31/2015 | 8/31/2014 | 8/31/2013 | |||
|---|---|---|---|---|---|---|---|---|---|
| ASSETS | |||||||||
| Current Assets | |||||||||
| Cash, cash equivalents, and short-term investments | 8,501 | 21,999 | 86 | 4,180 | 20 | 33 | |||
| Cash and cash equivalents | 6,629 | 10,834 | 86 | 4,180 | 0 | 33 | |||
| Short-term investments | 1,872 | 11,165 | 20 | ||||||
| Restricted cash and investments | 7,116 | ||||||||
| Receivables | 15,475 | 20,386 | 14,793 | 31 | |||||
| Inventory, net of allowances, customer advances and progress billings | 6,573 | 12,860 | 8,050 | ✕ | |||||
| Inventory | 6,573 | 12,860 | 8,050 | ||||||
| Prepaid expense | 2,370 | 2,177 | 2,193 | 1 | 42 | 42 | |||
| Advance royalties | 548 | 495 | 898 | ||||||
| Intangible current assets | 870 | ✕ | |||||||
| Other undisclosed current assets | 398 | 526 | 5,368 | (826) | (42) | (42) | |||
| Total current assets: | 33,865 | 65,559 | 31,388 | 4,256 | 20 | 33 | |||
| Noncurrent Assets | |||||||||
| Property, plant and equipment | 180,114 | 193,570 | 65,112 | 7,066 | 13 | 11 | |||
| Long-term investments and receivables | 500 | ||||||||
| Accounts and financing receivable, after allowance for credit loss | 500 | ||||||||
| Intangible assets, net (including goodwill) | 7,627 | 779 | ✕ | ||||||
| Goodwill | 7,594 | ||||||||
| Intangible assets, net (excluding goodwill) | 33 | 779 | |||||||
| Other noncurrent assets | 33,954 | 33,778 | 27,591 | ||||||
| Other undisclosed noncurrent assets | 8,026 | 8,031 | 34,524 | (250) | |||||
| Total noncurrent assets: | 222,094 | 235,379 | 134,854 | 8,095 | 13 | 11 | |||
| TOTAL ASSETS: | 255,959 | 300,938 | 166,242 | 12,350 | 33 | 43 | |||
| LIABILITIES AND EQUITY | |||||||||
| Liabilities | |||||||||
| Current Liabilities | |||||||||
| Accounts payable and accrued liabilities, including: | 10,603 | 12,617 | 11,405 | 129 | 75 | 98 | |||
| Interest and dividends payable | 152 | 162 | 601 | 3 | |||||
| Taxes payable | 2,317 | 3,130 | 2,669 | ||||||
| Employee-related liabilities | 1,900 | 1,750 | 2,450 | ||||||
| Accounts payable | 42 | ||||||||
| Accrued liabilities | 3,081 | 3,232 | 867 | ||||||
| Other undisclosed accounts payable and accrued liabilities | 3,153 | 4,343 | 4,818 | 129 | 30 | 98 | |||
| Debt | 3,174 | 5,475 | 12,040 | 34 | 95 | ||||
| Asset retirement obligation | 465 | 498 | 917 | ||||||
| Other liabilities | 1,900 | (1,750) | (2,450) | ||||||
| Due to related parties | 46 | 34 | 71 | 35 | |||||
| Other undisclosed current liabilities | 15,936 | 17,630 | 13,401 | 404 | 58 | 29 | |||
| Total current liabilities: | 32,124 | 34,504 | 35,384 | 568 | 166 | 222 | |||
| Noncurrent Liabilities | |||||||||
| Long-term debt and lease obligation | 23,932 | 31,073 | |||||||
| Long-term debt, excluding current maturities | 23,932 | 31,073 | |||||||
| Liabilities, other than long-term debt | 77,926 | 88,906 | 65,576 | 16 | 8 | ||||
| Asset retirement obligations | 15,124 | 15,496 | 26,503 | ||||||
| Deferred tax liabilities, net | ✕ | 25,711 | 30,692 | ||||||
| Due to related parties | 16 | 8 | |||||||
| Other liabilities | 37,091 | 42,718 | 39,073 | ||||||
| Total noncurrent liabilities: | 101,858 | 119,979 | 65,576 | 16 | 8 | ||||
| Total liabilities: | 133,982 | 154,483 | 100,960 | 584 | 175 | 222 | |||
| Equity | |||||||||
| Equity, attributable to parent, including: | 109,910 | 122,252 | 27,378 | 11,783 | (133) | (179) | |||
| Preferred stock | 0 | 0 | 0 | ||||||
| Common stock | 1 | 1 | 1 | 0 | 0 | 0 | |||
| Treasury stock, value | (4,176) | (4,176) | (3) | ||||||
| Common stock, value, subscriptions | (213) | ✕ | |||||||
| Additional paid in capital | 48,139 | 46,315 | 47,295 | 16,793 | 4,378 | 3,513 | |||
| Accumulated other comprehensive income | 1,442 | 874 | |||||||
| Retained earnings (accumulated deficit) | 65,946 | 78,670 | (20,579) | (5,011) | (4,508) | (29) | |||
| Other undisclosed equity, attributable to parent | (3,662) | ||||||||
| Equity, attributable to noncontrolling interest | 12,067 | 24,203 | 37,904 | ||||||
| Total equity: | 121,977 | 146,455 | 65,282 | 11,783 | (133) | (179) | |||
| Other undisclosed liabilities and equity | (16) | (8) | |||||||
| TOTAL LIABILITIES AND EQUITY: | 255,959 | 300,938 | 166,242 | 12,350 | 33 | 43 | |||
Income Statement (P&L) ($ in thousands)
| 9/30/2019 TTM | 12/31/2018 | 12/31/2017 | 12/31/2016 | 8/31/2015 | 8/31/2014 | 8/31/2013 | ||
|---|---|---|---|---|---|---|---|---|
| Revenues | 247,938 | 218,741 | 138,569 | 281 | 89 | 89 | ||
| Revenue, net | ✕ | ✕ | 218,741 | 137,231 | 89 | 89 | ||
| Cost of revenue | (220,866) | (163,169) | (104,226) | (283) | (402) | (2) | ||
| Cost of goods and services sold | (211,782) | (5,589) | (5,330) | (2) | ||||
| Gross profit: | 27,072 | 55,572 | 34,343 | (2) | (313) | 87 | ||
| Operating expenses | (49,559) | (101,683) | (44,067) | (409) | (395) | (402) | ||
| Other undisclosed operating loss | (76) | (89) | (85) | |||||
| Operating loss: | (22,487) | (46,111) | (9,724) | (486) | (797) | (400) | ||
| Nonoperating income (expense) | 6,294 | 164,998 | (4,473) | (26) | (20) | 11 | ||
| Investment income, nonoperating | (10) | |||||||
| Other nonoperating income (expense) | 6,294 | 164,998 | (4,473) | (16) | (20) | 11 | ||
| Interest and debt expense | (1,881) | (1,239) | (4,297) | (6) | (22) | (6) | ||
| Income (loss) from continuing operations before equity method investments, income taxes: | (18,074) | 117,648 | (18,494) | (518) | (838) | (395) | ||
| Other undisclosed income (loss) from continuing operations before income taxes | (10,707) | 1,239 | 4,947 | 16 | ||||
| Income (loss) from continuing operations before income taxes: | (28,781) | 118,887 | (13,547) | (502) | (838) | (395) | ||
| Income tax expense (benefit) | (5,370) | (29,970) | 191 | |||||
| Other undisclosed income (loss) from continuing operations | 10,740 | (1,718) | ||||||
| Income (loss) from continuing operations: | (23,411) | 87,199 | (13,547) | (311) | (838) | (395) | ||
| Income (loss) before gain (loss) on sale of properties: | (23,411) | 87,199 | (13,547) | (311) | (838) | (395) | ||
| Other undisclosed net income | 12,455 | 18,088 | ||||||
| Net income (loss): | (10,956) | 105,287 | (13,547) | (311) | (838) | (395) | ||
| Net income (loss) attributable to noncontrolling interest | 12,455 | 18,088 | (817) | |||||
| Other undisclosed net income (loss) attributable to parent | (15,665) | (24,126) | (191) | 22 | 6 | |||
| Net income (loss) available to common stockholders, diluted: | (14,166) | 99,249 | (14,364) | (502) | (817) | (389) | ||
Comprehensive Income ($ in thousands)
| 9/30/2019 TTM | 12/31/2018 | 12/31/2017 | 12/31/2016 | 8/31/2015 | 8/31/2014 | 8/31/2013 | ||
|---|---|---|---|---|---|---|---|---|
| Net income (loss): | (10,956) | 105,287 | (13,547) | (311) | (838) | (395) | ||
| Other comprehensive loss | (13,490) | |||||||
| Other undisclosed comprehensive income (loss) | (106,473) | 27,777 | ||||||
| Comprehensive income (loss): | (10,956) | (1,186) | 740 | (311) | (838) | (395) | ||
| Comprehensive income (loss), net of tax, attributable to noncontrolling interest | 12,455 | 18,088 | (817) | |||||
| Other undisclosed comprehensive income (loss), net of tax, attributable to parent | (12,455) | 88,953 | (13,413) | |||||
| Comprehensive income (loss), net of tax, attributable to parent: | (10,956) | 105,855 | (13,490) | (311) | (838) | (395) | ||
Statements Sources
The financial statements are based on the Company's filings with the U.S. Securities and Exchange Commission (SEC) through the Electronic Data Gathering, Analysis, and Retrieval system (EDGAR). The information is derived from the 10-K and 10-Q reports submitted to the SEC in XBRL (eXtensible Business Reporting Language) format and presented according to the US GAAP Taxonomy. Please review the original filings for a more detailed information.