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 5,3005,5326,95111,134
Cash and cash equivalents 5,3005,5326,9515,934
Short-term investments    5,200
Receivables 20,29919,25610,7297,165
Inventory, net of allowances, customer advances and progress billings 11,94715,26114,18510,058
Inventory 11,94715,26114,18510,058
Prepaid expense 4,9534,2743,1541,104
Total current assets: 42,49944,32335,01929,462
Noncurrent Assets
Property, plant and equipment 180,455178,202149,205115,451
Advance royalties 4,7843,2713,0452,867
Other noncurrent assets 8851,017975318
Total noncurrent assets: 186,124182,490153,225118,636
TOTAL ASSETS: 228,623226,813188,244148,098
LIABILITIES AND EQUITY
Liabilities
Current Liabilities
Accounts payable and accrued liabilities 23,33322,40324,48722,354
Accounts payable 11,74210,66316,39319,533
Accrued liabilities 11,59111,7408,0942,821
Debt 4,8723,3335,000 
Asset retirement obligation 46197171
Other liabilities 862656  
Other undisclosed current liabilities   287 
Total current liabilities: 29,11326,41129,84522,425
Noncurrent Liabilities
Long-term debt and lease obligation 12,5789,6144,474 
Long-term debt, excluding current maturities 12,5789,6144,474 
Liabilities, other than long-term debt 17,83720,70512,81612,276
Asset retirement obligations 15,11014,58612,70712,276
Deferred tax liabilities, net109 
Deferred income tax liabilities 1,7625,265
Other liabilities 965854  
Total noncurrent liabilities: 30,41530,31917,29012,276
Total liabilities: 59,52856,73047,13534,701
Stockholders' equity
Stockholders' equity attributable to parent 169,095170,083141,109113,397
Common stock 427410401396
Additional paid in capital 158,859154,957150,926148,293
Retained earnings (accumulated deficit) 9,80914,716(10,218)(35,292)
Total stockholders' equity: 169,095170,083141,109113,397
TOTAL LIABILITIES AND EQUITY: 228,623226,813188,244148,098

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

9/30/2021
TTM
12/31/2020
12/31/2019
12/31/2018
12/31/2017
Revenues 168,915230,213227,57461,036
Revenue, net61,036
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: 14,30063,82250,196(2,216)
Operating expenses (33,393)(34,290)(26,100)(13,677)
Operating income (loss): (19,093)29,53224,096(15,893)
Nonoperating income
(Other Nonoperating income)
 11,9261,7582,518204
Interest and debt expense (1,224)(1,193)(1,463)(23)
Income (loss) from continuing operations before equity method investments, income taxes: (8,391)30,09725,151(15,712)
Other undisclosed income from continuing operations before income taxes   36 
Income (loss) from continuing operations before income taxes: (8,391)30,09725,187(15,712)
Income tax expense (benefit) 3,484(5,163)(113) 
Net income (loss): (4,907)24,93425,074(15,712)
Other undisclosed net income attributable to parent    295
Net income (loss) attributable to parent: (4,907)24,93425,074(15,417)
Other undisclosed net income available to common stockholders, basic    22
Net income (loss) available to common stockholders, diluted: (4,907)24,93425,074(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)24,93425,074(15,712)
Comprehensive income (loss), net of tax, attributable to parent: (4,907)24,93425,074(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.

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