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)

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 investments8,50121,999864,1802033
Cash and cash equivalents6,62910,834864,180033
Short-term investments1,87211,165  20 
Restricted cash and investments 7,116    
Receivables15,47520,38614,79331  
Inventory, net of allowances, customer advances and progress billings6,57312,8608,050  
Inventory6,57312,8608,050   
Prepaid expense2,3702,1772,19314242
Advance royalties548495898   
Intangible current assets   870 
Other undisclosed current assets3985265,368(826)(42)(42)
Total current assets:33,86565,55931,3884,2562033
Noncurrent Assets
Property, plant and equipment180,114193,57065,1127,0661311
Long-term investments and receivables   500  
Accounts and financing receivable, after allowance for credit loss   500  
Intangible assets, net (including goodwill)  7,627779 
Goodwill  7,594   
Intangible assets, net (excluding goodwill)  33779  
Other noncurrent assets33,95433,77827,591   
Other undisclosed noncurrent assets8,0268,03134,524(250)  
Total noncurrent assets:222,094235,379134,8548,0951311
TOTAL ASSETS:255,959300,938166,24212,3503343
LIABILITIES AND EQUITY
Liabilities
Current Liabilities
Accounts payable and accrued liabilities, including:10,60312,61711,4051297598
Accounts payable    42 
Accrued liabilities3,0813,232867   
Employee-related liabilities1,9001,7502,450   
Taxes payable2,3173,1302,669   
Interest and dividends payable152162601 3 
Other undisclosed accounts payable and accrued liabilities3,1534,3434,8181293098
Debt3,1745,47512,040 3495
Asset retirement obligation465498917   
Due to related parties46347135  
Other liabilities1,900(1,750)(2,450)   
Other undisclosed current liabilities15,93617,63013,4014045829
Total current liabilities:32,12434,50435,384568166222
Noncurrent Liabilities
Long-term debt and lease obligation23,93231,073    
Long-term debt, excluding current maturities23,93231,073    
Liabilities, other than long-term debt77,92688,90665,576168 
Asset retirement obligations15,12415,49626,503   
Deferred tax liabilities, net25,71130,692    
Due to related parties   168 
Other liabilities37,09142,71839,073   
Total noncurrent liabilities:101,858119,97965,576168 
Total liabilities:133,982154,483100,960584175222
Stockholders' equity
Stockholders' equity attributable to parent, including:109,910122,25227,37811,783(133)(179)
Preferred stock   000
Common stock111000
Treasury stock, value(4,176)(4,176)  (3) 
Common stock, value, subscriptions  (213)  
Additional paid in capital48,13946,31547,29516,7934,3783,513
Accumulated other comprehensive income 1,442874   
Retained earnings (accumulated deficit)65,94678,670(20,579)(5,011)(4,508)(29)
Other undisclosed stockholders' equity attributable to parent     (3,662)
Stockholders' equity attributable to noncontrolling interest12,06724,20337,904   
Total stockholders' equity:121,977146,45565,28211,783(133)(179)
Other undisclosed liabilities and equity   (16)(8) 
TOTAL LIABILITIES AND EQUITY:255,959300,938166,24212,3503343

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

12/31/2018
12/31/2017
12/31/2016
8/31/2015
8/31/2014
8/31/2013
Revenues247,938218,741138,5692818989
Revenue, net218,741137,231 8989
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:27,07255,57234,343(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)6,294164,998(4,473)(26)(20)11
Investment income, nonoperating   (10)  
Other nonoperating income (expense)6,294164,998(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)1,2394,94716  
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 operations10,740(1,718)    
Income (loss) before gain (loss) on sale of properties:(23,411)87,199(13,547)(311)(838)(395)
Other undisclosed net income12,45518,088    
Net income (loss):(10,956)105,287(13,547)(311)(838)(395)
Net income (loss) attributable to noncontrolling interest12,45518,088(817)   
Other undisclosed net income (loss) attributable to parent(15,665)(24,126) (191)226
Net income (loss) available to common stockholders, diluted:(14,166)99,249(14,364)(502)(817)(389)

Comprehensive Income ($ in thousands)

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 interest12,45518,088(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 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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