Ramaco Resources, Inc. (METC) financial statements (2021 and earlier)

Company profile

Business Address 250 WEST MAIN STREET
LEXINGTON, KY 40507
State of Incorp. DE
Fiscal Year End December 31
SIC 122 - Bituminous Coal And Lignite Mining (benchmarking)
More info Complete financial analysis Financial benchmarking

Balance sheet (Statement of financial position) ($ in millions)

12/31/2020
12/31/2019
12/31/2018
12/31/2017
ASSETS
Current Assets
Cash, cash equivalents, and short-term investments56711
Cash and cash equivalents5676
Short-term investments   5
Receivables2019117
Inventory, net of allowances, customer advances and progress billings12151410
Inventory12151410
Prepaid expense5431
Total current assets:42443529
Noncurrent Assets
Property, plant and equipment180178149115
Advance royalties5333
Other noncurrent assets1110
Total noncurrent assets:186182153119
TOTAL ASSETS:229227188148
LIABILITIES AND EQUITY
Liabilities
Current Liabilities
Accounts payable and accrued liabilities23222422
Accounts payable12111620
Accrued liabilities121283
Debt535 
Asset retirement obligation0000
Other liabilities11  
Other undisclosed current liabilities  0 
Total current liabilities:29263022
Noncurrent Liabilities
Long-term debt and lease obligation13104 
Long-term debt, excluding current maturities13104 
Liabilities, other than long-term debt18211312
Asset retirement obligations15151312
Deferred tax liabilities, net0 
Deferred income tax liabilities25
Other liabilities11  
Total noncurrent liabilities:30301712
Total liabilities:60574735
Stockholders' equity
Stockholders' equity attributable to parent169170141113
Common stock0000
Additional paid in capital159155151148
Retained earnings (accumulated deficit)1015(10)(35)
Total stockholders' equity:169170141113
TOTAL LIABILITIES AND EQUITY:229227188148

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

12/31/2020
12/31/2019
12/31/2018
12/31/2017
Revenues16923022861
Revenue, net61
Cost of revenue(155)(166)(177)(63)
Cost of goods and services sold(146)(162) (61)
Gross profit:146450(2)
Operating expenses(33)(34)(26)(14)
Operating income (loss):(19)3024(16)
Nonoperating income
(Other Nonoperating income)
12230
Interest and debt expense(1)(1)(1)(0)
Income (loss) from continuing operations before equity method investments, income taxes:(8)3025(16)
Other undisclosed income from continuing operations before income taxes  0 
Income (loss) from continuing operations before income taxes:(8)3025(16)
Income tax expense (benefit)3(5)(0) 
Net income (loss):(5)2525(16)
Other undisclosed net income attributable to parent   0
Net income (loss) attributable to parent:(5)2525(15)
Other undisclosed net income available to common stockholders, basic   0
Net income (loss) available to common stockholders, diluted:(5)2525(15)

Comprehensive Income ($ in millions)

12/31/2020
12/31/2019
12/31/2018
12/31/2017
Net income (loss):(5)2525(16)
Comprehensive income (loss), net of tax, attributable to parent:(5)2525(16)

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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