Ramaco Resources, Inc. (METC) Financial Statements (2023 and Earlier)
Company Profile
| Business Address |
250 WEST MAIN STREET LEXINGTON, KY 40507 |
| State of Incorp. | DE |
| Fiscal Year End | December 31 |
| Industry (SIC) | 122 - Bituminous Coal And Lignite Mining (benchmarking) |
| More info | Complete financial analysis Financial benchmarking |
Balance Sheet (Statement of Financial Position) ($ in thousands)
| 9/30/2021 TTM | 12/31/2020 | 12/31/2019 | 12/31/2018 | 12/31/2017 | |||
|---|---|---|---|---|---|---|---|
| ASSETS | |||||||
| Current Assets | |||||||
| Cash, cash equivalents, and short-term investments | 5,300 | 5,532 | 6,951 | 11,134 | |||
| Cash and cash equivalents | 5,300 | 5,532 | 6,951 | 5,934 | |||
| Short-term investments | 5,200 | ||||||
| Receivables | 20,299 | 19,256 | 10,729 | 7,165 | |||
| Inventory, net of allowances, customer advances and progress billings | 11,947 | 15,261 | 14,185 | 10,058 | |||
| Inventory | 11,947 | 15,261 | 14,185 | 10,058 | |||
| Prepaid expense | 4,953 | 4,274 | 3,154 | 1,104 | |||
| Total current assets: | 42,499 | 44,323 | 35,019 | 29,462 | |||
| Noncurrent Assets | |||||||
| Property, plant and equipment | 180,455 | 178,202 | 149,205 | 115,451 | |||
| Advance royalties | 4,784 | 3,271 | 3,045 | 2,867 | |||
| Other noncurrent assets | 885 | 1,017 | 975 | 318 | |||
| Total noncurrent assets: | 186,124 | 182,490 | 153,225 | 118,636 | |||
| TOTAL ASSETS: | 228,623 | 226,813 | 188,244 | 148,098 | |||
| LIABILITIES AND EQUITY | |||||||
| Liabilities | |||||||
| Current Liabilities | |||||||
| Accounts payable and accrued liabilities | 23,333 | 22,403 | 24,487 | 22,354 | |||
| Accounts payable | 11,742 | 10,663 | 16,393 | 19,533 | |||
| Accrued liabilities | 11,591 | 11,740 | 8,094 | 2,821 | |||
| Debt | 4,872 | 3,333 | 5,000 | ||||
| Asset retirement obligation | 46 | 19 | 71 | 71 | |||
| Other liabilities | 862 | 656 | |||||
| Other undisclosed current liabilities | 287 | ||||||
| Total current liabilities: | 29,113 | 26,411 | 29,845 | 22,425 | |||
| Noncurrent Liabilities | |||||||
| Long-term debt and lease obligation | 12,578 | 9,614 | 4,474 | ||||
| Long-term debt, excluding current maturities | 12,578 | 9,614 | 4,474 | ||||
| Liabilities, other than long-term debt | 17,837 | 20,705 | 12,816 | 12,276 | |||
| Asset retirement obligations | 15,110 | 14,586 | 12,707 | 12,276 | |||
| Deferred tax liabilities, net | ✕ | ✕ | ✕ | 109 | |||
| Deferred income tax liabilities | 1,762 | 5,265 | ✕ | ✕ | |||
| Other liabilities | 965 | 854 | |||||
| Total noncurrent liabilities: | 30,415 | 30,319 | 17,290 | 12,276 | |||
| Total liabilities: | 59,528 | 56,730 | 47,135 | 34,701 | |||
| Stockholders' equity | |||||||
| Stockholders' equity attributable to parent | 169,095 | 170,083 | 141,109 | 113,397 | |||
| Common stock | 427 | 410 | 401 | 396 | |||
| Additional paid in capital | 158,859 | 154,957 | 150,926 | 148,293 | |||
| Retained earnings (accumulated deficit) | 9,809 | 14,716 | (10,218) | (35,292) | |||
| Total stockholders' equity: | 169,095 | 170,083 | 141,109 | 113,397 | |||
| TOTAL LIABILITIES AND EQUITY: | 228,623 | 226,813 | 188,244 | 148,098 | |||
Income Statement (P&L) ($ in thousands)
| 9/30/2021 TTM | 12/31/2020 | 12/31/2019 | 12/31/2018 | 12/31/2017 | ||
|---|---|---|---|---|---|---|
| Revenues | 168,915 | 230,213 | 227,574 | 61,036 | ||
| Revenue, net | ✕ | ✕ | ✕ | ✕ | 61,036 | |
| Cost of revenue | (154,615) | (166,391) | (177,378) | (63,252) | ||
| Cost of goods and services sold | (145,503) | (162,470) | (60,521) | |||
| Gross profit: | 14,300 | 63,822 | 50,196 | (2,216) | ||
| Operating expenses | (33,393) | (34,290) | (26,100) | (13,677) | ||
| Operating income (loss): | (19,093) | 29,532 | 24,096 | (15,893) | ||
| Nonoperating income (Other Nonoperating income) | 11,926 | 1,758 | 2,518 | 204 | ||
| Interest and debt expense | (1,224) | (1,193) | (1,463) | (23) | ||
| Income (loss) from continuing operations before equity method investments, income taxes: | (8,391) | 30,097 | 25,151 | (15,712) | ||
| Other undisclosed income from continuing operations before income taxes | 36 | |||||
| Income (loss) from continuing operations before income taxes: | (8,391) | 30,097 | 25,187 | (15,712) | ||
| Income tax expense (benefit) | 3,484 | (5,163) | (113) | |||
| Net income (loss): | (4,907) | 24,934 | 25,074 | (15,712) | ||
| Other undisclosed net income attributable to parent | 295 | |||||
| Net income (loss) attributable to parent: | (4,907) | 24,934 | 25,074 | (15,417) | ||
| Other undisclosed net income available to common stockholders, basic | 22 | |||||
| Net income (loss) available to common stockholders, diluted: | (4,907) | 24,934 | 25,074 | (15,395) | ||
Comprehensive Income ($ in thousands)
| 9/30/2021 TTM | 12/31/2020 | 12/31/2019 | 12/31/2018 | 12/31/2017 | ||
|---|---|---|---|---|---|---|
| Net income (loss): | (4,907) | 24,934 | 25,074 | (15,712) | ||
| Comprehensive income (loss), net of tax, attributable to parent: | (4,907) | 24,934 | 25,074 | (15,712) | ||
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.