Royal Energy Resources Inc (ROYE) financial statements (2022 and earlier)

Company profile

Business Address 56 BROAD STREET
CHARLESTON, SC 29401
State of Incorp. DE
Fiscal Year End December 31
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
Q3
6/30/2019
Q2
3/31/2019
Q1
12/31/2018
Q4
9/30/2018
Q3
6/30/2018
Q2
3/31/2018
Q1
ASSETS
Current Assets
Cash, cash equivalents, and short-term investments8,3161,8794,7758,5016,1553,83717,054
Cash and cash equivalents8,3161,8794,7756,6296,1553,8376,268
Short-term investments   1,872  10,786
Restricted cash and investments8888   3,6523,728
Receivables14,84729,68817,09015,47525,54715,39917,170
Inventory, net of allowances, customer advances and progress billings18,41011,74711,4206,5739,54215,86112,753
Inventory18,41011,74711,4206,5739,54215,86112,753
Prepaid expense   2,370   
Advance royalties41,118366548852819286
Disposal group, including discontinued operation1,602      
Other undisclosed current assets3,1823,5041,8413986,6927,3412,294
Total current assets:46,44948,02435,49233,86548,78846,90953,285
Noncurrent Assets
Operating lease, right-of-use asset11,92612,75913,523
Property, plant and equipment131,758166,345171,815180,114184,863188,862195,154
Disposal group, including discontinued operation, noncurrent assets6,517      
Advance royalties6,6447,9738,366    
Other noncurrent assets32,89633,15133,61533,95437,71434,65834,185
Other undisclosed noncurrent assets   8,0269,6629,73410,034
Total noncurrent assets:189,741220,228227,319222,094232,239233,254239,373
TOTAL ASSETS:236,190268,252262,811255,959281,027280,163292,658
LIABILITIES AND EQUITY
Liabilities
Current Liabilities
Accounts payable and accrued liabilities, including:12,19612,33011,10610,60311,34113,79713,109
Accrued liabilities4,2403,6183,2763,0813,0373,7144,012
Employee-related liabilities1,9001,9001,9001,9001,7501,7501,750
Taxes payable2,8743,1562,7002,3173,0453,6702,836
Interest and dividends payable1027085152191115159
Other undisclosed accounts payable and accrued liabilities3,0803,5863,1453,1533,3184,5484,352
Debt9,2099,7477,2363,17410,0534,7634,169
Asset retirement obligation465465465465498498498
Due to related parties56524946434037
Disposal group, including discontinued operation6,921      
Other liabilities   1,900   
Other undisclosed current liabilities23,23227,45721,57715,93620,88915,18015,684
Total current liabilities:52,07950,05140,43332,12442,82434,27833,497
Noncurrent Liabilities
Long-term debt and lease obligation36,72429,84832,62823,93223,19523,09727,650
Long-term debt, excluding current maturities28,42120,66422,65223,93223,19523,09727,650
Finance lease, liability335
Operating lease, liability8,3009,1819,971
Liabilities, other than long-term debt56,39653,46752,75877,92685,93787,99788,714
Asset retirement obligations18,07815,70215,43615,12416,19415,97615,795
Deferred tax liabilities, net25,71126,10328,77730,129
Other liabilities38,31837,76537,32237,09143,64043,24442,790
Other undisclosed noncurrent liabilities18,70123,62023,577    
Total noncurrent liabilities:111,821106,935108,963101,858109,132111,094116,364
Total liabilities:163,900156,986149,396133,982151,956145,372149,861
Stockholders' equity
Stockholders' equity attributable to parent86,269105,079106,078109,910114,313115,806121,005
Common stock1111111
Treasury stock, value(4,176)(4,176)(4,176)(4,176)(4,176)(4,176)(4,176)
Additional paid in capital48,13948,13948,13948,13948,13947,96547,965
Accumulated other comprehensive income    3145092,073
Retained earnings42,30561,11562,11465,94670,03571,50775,142
Stockholders' equity attributable to noncontrolling interest(13,979)6,1877,33712,06714,75818,98521,792
Total stockholders' equity:72,290111,266113,415121,977129,071134,791142,797
TOTAL LIABILITIES AND EQUITY:236,190268,252262,811255,959281,027280,163292,658

Income statement (P&L) ($ in thousands)

9/30/2019
Q3
6/30/2019
Q2
3/31/2019
Q1
12/31/2018
Q4
9/30/2018
Q3
6/30/2018
Q2
3/31/2018
Q1
Revenues42,26565,58958,75665,09673,11954,87054,853
Revenue, net54,853
Cost of revenue(42,460)(65,154)(55,572)(64,935)(63,025)(47,383)(46,456)
Cost of goods and services sold(37,966)(59,722)(54,417)   (1,334)
Gross profit:(195)4353,18416110,0947,4878,397
Operating expenses(8,879)(414)(12,202)(3,558)(14,055)(14,559)(16,454)
Operating income (loss):(9,074)21(9,018)(3,397)(3,961)(7,072)(8,057)
Nonoperating income (expense)
(Other Nonoperating Income (Expense))
(1,932)(1,828)1,3746,785(2,924)1,573860
Interest and debt expense(3)(6)(3)(88)(3)(3)(516)
Income (loss) from continuing operations before equity method investments, income taxes:(11,009)(1,813)(7,647)3,300(6,888)(5,502)(7,713)
Other undisclosed income (loss) from continuing operations before income taxes36(2,745)(12,500)33516
Loss from continuing operations before income taxes:(11,006)(1,807)(10,392)(9,200)(6,885)(5,499)(7,197)
Income tax expense (benefit)1,854(42)2,130(9,603)2,613847(773)
Other undisclosed income from continuing operations   10,740   
Loss before gain (loss) on sale of properties:(9,152)(1,849)(8,262)(8,063)(4,272)(4,652)(7,970)
Other undisclosed net income (loss)(29,524)  12,455  1,546
Net income (loss):(38,676)(1,849)(8,262)4,392(4,272)(4,652)(6,424)
Net income (loss) attributable to noncontrolling interest(20,166)(1,150)(4,730)20,956(3,978)(1,327) 
Other undisclosed net income (loss) attributable to parent40,0322,0009,160(30,879)6,7772,3452,896
Net loss available to common stockholders, diluted:(18,810)(999)(3,832)(5,531)(1,473)(3,634)(3,528)

Comprehensive Income ($ in thousands)

9/30/2019
Q3
6/30/2019
Q2
3/31/2019
Q1
12/31/2018
Q4
9/30/2018
Q3
6/30/2018
Q2
3/31/2018
Q1
Net income (loss):(38,676)(1,849)(8,262)4,392(4,272)(4,652)(6,424)
Comprehensive income (loss):(38,676)(1,849)(8,262)4,392(4,272)(4,652)(6,424)
Comprehensive income (loss), net of tax, attributable to noncontrolling interest(20,166)(1,150)(4,730)22,219(4,227)(3,037)(696)
Other undisclosed comprehensive income (loss), net of tax, attributable to parent40,0322,000 (27,804)6,8312,4914,523
Comprehensive loss, net of tax, attributable to parent:(18,810)(999)(12,992)(1,193)(1,668)(5,198)(2,597)

Statements sources

The financial statements are based on the company's filings with the 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.

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