10-K Filing

NACCO INDUSTRIES INC CIK: 789933 FY 2019

Filing Information

Form Type	10-K
Accession Number	`0000789933-20-000017`
Period End Date	20191231
Filing Date	20200304
Fiscal Year	2019
Fiscal Period	FY
XBRL Instance	nacco-20191231.xml

Filing Contents

This filing contains the following financial statements:

Balance Sheet 71 Income Statement 44 Cash Flow Statement 60 Stockholders Equity 7 Comprehensive Income 18

Balance Sheet 71 line items

Line Item	Tag	Value	Unit	Period
Allowances for account receivable	`AllowanceForDoubtfulAccountsReceivableCurrent`	-	USD	Point-in-time
Allowances for account receivable	`AllowanceForDoubtfulAccountsReceivableCurrent`	$1.52M	USD	Point-in-time
Cash and cash equivalents	`CashAndCashEquivalentsAtCarryingValue`	$85.26M	USD	Point-in-time
Cash and cash equivalents	`CashAndCashEquivalentsAtCarryingValue`	$122.89M	USD	Point-in-time
Trade accounts receivable, net of allowances of $0 and $1,523 in 2019 and 2018, respectively	`AccountsReceivableNet`	$15.44M	USD	Point-in-time
Trade accounts receivable, net of allowances of $0 and $1,523 in 2019 and 2018, respectively	`AccountsReceivableNet`	$20.82M	USD	Point-in-time
Accounts receivable from affiliates	`DueFromAffiliates`	$6.41M	USD	Point-in-time
Accounts receivable from affiliates	`DueFromAffiliates`	$8.00M	USD	Point-in-time
Inventories	`InventoryNet`	$31.21M	USD	Point-in-time
Inventories	`InventoryNet`	$40.47M	USD	Point-in-time
Assets held for sale	`AssetsHeldForSaleNotPartOfDisposalGroupCurrent`	$4.33M	USD	Point-in-time
Assets held for sale	`AssetsHeldForSaleNotPartOfDisposalGroupCurrent`	-	USD	Point-in-time
Prepaid expenses and other	`PrepaidExpenseAndOtherAssets`	$14.56M	USD	Point-in-time
Prepaid expenses and other	`PrepaidExpenseAndOtherAssets`	$15.46M	USD	Point-in-time
Total current assets	`AssetsCurrent`	$200.67M	USD	Point-in-time
Total current assets	`AssetsCurrent`	$164.17M	USD	Point-in-time
Property, plant and equipment, net	`PropertyPlantAndEquipmentAndFinanceLeaseRightOfUseAssetAfterAccumulatedDepreciationAndAmortization`	$138.06M	USD	Point-in-time
Property, plant and equipment, net	`PropertyPlantAndEquipmentNet`	$124.55M	USD	Point-in-time
Intangibles, net	`FiniteLivedIntangibleAssetsNet`	$40.52M	USD	Point-in-time
Intangibles, net	`FiniteLivedIntangibleAssetsNet`	$37.90M	USD	Point-in-time
Investment in unconsolidated subsidiaries	`EquityMethodInvestments`	$20.09M	USD	Point-in-time
Investment in unconsolidated subsidiaries	`EquityMethodInvestments`	$24.61M	USD	Point-in-time
Deferred costs	`DeferredCosts`	$3.24M	USD	Point-in-time
Deferred costs	`DeferredCosts`	$3.94M	USD	Point-in-time
Operating lease right-of-use assets	`OperatingLeaseRightOfUseAsset`	$11.40M	USD	Point-in-time
Other non-current assets	`OtherAssetsNoncurrent`	$28.19M	USD	Point-in-time
Other non-current assets	`OtherAssetsNoncurrent`	$24.41M	USD	Point-in-time
Total assets	`Assets`	$376.99M	USD	Point-in-time
Total assets	`Assets`	$444.77M	USD	Point-in-time
Accounts payable	`AccountsPayableCurrent`	$9.37M	USD	Point-in-time
Accounts payable	`AccountsPayableCurrent`	$7.75M	USD	Point-in-time
Accounts payable to affiliates	`DueToAffiliateCurrentAndNoncurrent`	$577.00K	USD	Point-in-time
Accounts payable to affiliates	`DueToAffiliateCurrentAndNoncurrent`	$1.65M	USD	Point-in-time
Revolving credit agreements	`LinesOfCreditCurrent`	$7.00M	USD	Point-in-time
Revolving credit agreements	`LinesOfCreditCurrent`	$4.00M	USD	Point-in-time
Current maturities of long-term debt	`OtherLongTermDebtCurrent`	$654.00K	USD	Point-in-time
Current maturities of long-term debt	`OtherLongTermDebtCurrent`	$795.00K	USD	Point-in-time
Asset retirement obligations	`AssetRetirementObligationCurrent`	$2.29M	USD	Point-in-time
Asset retirement obligations	`AssetRetirementObligationCurrent`	$1.83M	USD	Point-in-time
Accrued payroll	`AccruedSalariesCurrent`	$19.85M	USD	Point-in-time
Accrued payroll	`AccruedSalariesCurrent`	$19.58M	USD	Point-in-time
Deferred compensation	`DeferredCompensationLiabilityCurrent`	$13.46M	USD	Point-in-time
Other current liabilities	`OtherLiabilitiesCurrent`	$6.52M	USD	Point-in-time
Other current liabilities	`OtherLiabilitiesCurrent`	$8.89M	USD	Point-in-time
Total current liabilities	`LiabilitiesCurrent`	$42.25M	USD	Point-in-time
Total current liabilities	`LiabilitiesCurrent`	$61.97M	USD	Point-in-time
Long-term debt	`LongTermDebtNoncurrent`	$17.15M	USD	Point-in-time
Long-term debt	`LongTermDebtNoncurrent`	$6.37M	USD	Point-in-time
Operating lease liabilities	`OperatingLeaseLiabilityNoncurrent`	$12.45M	USD	Point-in-time
Asset retirement obligations	`MineReclamationAndClosingLiabilityNoncurrent`	$34.57M	USD	Point-in-time
Asset retirement obligations	`MineReclamationAndClosingLiabilityNoncurrent`	$35.88M	USD	Point-in-time
Pension and other postretirement obligations	`PensionAndOtherPostretirementDefinedBenefitPlansLiabilitiesNoncurrent`	$10.43M	USD	Point-in-time
Pension and other postretirement obligations	`PensionAndOtherPostretirementDefinedBenefitPlansLiabilitiesNoncurrent`	$8.81M	USD	Point-in-time
Deferred income taxes	`DeferredTaxLiabilities`	$2.85M	USD	Point-in-time
Deferred income taxes	`DeferredTaxLiabilities`	$12.34M	USD	Point-in-time
Deferred compensation	`DeferredCompensationLiabilityClassifiedNoncurrent`	-	USD	Point-in-time
Deferred compensation	`DeferredCompensationLiabilityClassifiedNoncurrent`	$12.94M	USD	Point-in-time
Other long-term liabilities	`OtherLiabilitiesNoncurrent`	$8.10M	USD	Point-in-time
Other long-term liabilities	`OtherLiabilitiesNoncurrent`	$15.58M	USD	Point-in-time
Total liabilities	`Liabilities`	$126.29M	USD	Point-in-time
Total liabilities	`Liabilities`	$155.38M	USD	Point-in-time
Capital in excess of par value	`AdditionalPaidInCapitalCommonStock`	$8.91M	USD	Point-in-time
Capital in excess of par value	`AdditionalPaidInCapitalCommonStock`	$7.04M	USD	Point-in-time
Retained earnings	`RetainedEarningsAccumulatedDeficit`	$250.35M	USD	Point-in-time
Retained earnings	`RetainedEarningsAccumulatedDeficit`	$284.85M	USD	Point-in-time
Accumulated other comprehensive loss	`AccumulatedOtherComprehensiveIncomeLossNetOfTax`	$-11.34M	USD	Point-in-time
Accumulated other comprehensive loss	`AccumulatedOtherComprehensiveIncomeLossNetOfTax`	$-13.61M	USD	Point-in-time
Total stockholders equity	`StockholdersEquity`	$289.39M	USD	Point-in-time
Total stockholders equity	`StockholdersEquity`	$250.70M	USD	Point-in-time
Total liabilities and equity	`LiabilitiesAndStockholdersEquity`	$376.99M	USD	Point-in-time
Total liabilities and equity	`LiabilitiesAndStockholdersEquity`	$444.77M	USD	Point-in-time

Income Statement 44 line items

Line Item	Tag	Value	Unit	Period
Revenues	`RevenueFromContractWithCustomerExcludingAssessedTax`	$135.38M	USD	Annual
Revenues	`RevenueFromContractWithCustomerExcludingAssessedTax`	$140.99M	USD	Annual
Gross profit	`GrossProfit`	$29.97M	USD	Annual
Gross profit	`GrossProfit`	$31.13M	USD	Annual
Earnings of unconsolidated operations	`EarningsOfUnconsolidatedMines`	$64.99M	USD	Annual
Earnings of unconsolidated operations	`EarningsOfUnconsolidatedMines`	$63.88M	USD	Annual
Selling, general and administrative expenses	`SellingGeneralAndAdministrativeExpense`	$49.19M	USD	Annual
Selling, general and administrative expenses	`SellingGeneralAndAdministrativeExpense`	$53.78M	USD	Annual
Amortization of intangible assets	`AmortizationOfIntangibleAssets`	$3.04M	USD	Annual
Amortization of intangible assets	`AmortizationOfIntangibleAssets`	$2.61M	USD	Annual
Gain on sale of assets	`GainLossOnDispositionOfAssets`	$206.00K	USD	Annual
Gain on sale of assets	`GainLossOnDispositionOfAssets`	$892.00K	USD	Annual
Operating expenses	`OperatingExpenses`	$51.34M	USD	Annual
Operating expenses	`OperatingExpenses`	$56.19M	USD	Annual
Operating profit	`OperatingIncomeLoss`	$38.82M	USD	Annual
Operating profit	`OperatingIncomeLoss`	$43.62M	USD	Annual
Interest expense	`InterestExpense`	$872.00K	USD	Annual
Interest expense	`InterestExpense`	$2.00M	USD	Annual
Interest income	`InterestIncomeExpenseNet`	$3.62M	USD	Annual
Interest income	`InterestIncomeExpenseNet`	$865.00K	USD	Annual
Income from other unconsolidated affiliates	`IncomeLossFromEquityMethodInvestments`	$1.30M	USD	Annual
Income from other unconsolidated affiliates	`IncomeLossFromEquityMethodInvestments`	$1.28M	USD	Annual
Closed mine obligations	`NonoperatingIncomeExpenseClosedMineObligations`	$1.30M	USD	Annual
Closed mine obligations	`NonoperatingIncomeExpenseClosedMineObligations`	$1.54M	USD	Annual
(Gain) loss on equity securities	`EquitySecuritiesFvNiRealizedGainLoss`	$-316.00K	USD	Annual
(Gain) loss on equity securities	`EquitySecuritiesFvNiRealizedGainLoss`	$1.54M	USD	Annual
Other, net	`OtherNonoperatingIncomeExpense`	$9.00K	USD	Annual
Other, net	`OtherNonoperatingIncomeExpense`	$527.00K	USD	Annual
Other (income) expense	`NonoperatingIncomeExpense`	$4.58M	USD	Annual
Other (income) expense	`NonoperatingIncomeExpense`	$-1.46M	USD	Annual
Income before income tax provision	`IncomeLossFromContinuingOperationsBeforeIncomeTaxesMinorityInterestAndIncomeLossFromEquityMethodInvestments`	$42.16M	USD	Annual
Income before income tax provision	`IncomeLossFromContinuingOperationsBeforeIncomeTaxesMinorityInterestAndIncomeLossFromEquityMethodInvestments`	$43.40M	USD	Annual
Income tax provision	`IncomeTaxExpenseBenefit`	$7.38M	USD	Annual
Income tax provision	`IncomeTaxExpenseBenefit`	$3.77M	USD	Annual
Net income	`NetIncomeLoss`	$34.78M	USD	Annual
Net income	`NetIncomeLoss`	$39.63M	USD	Annual
Basic earnings per share (USD per share)	`EarningsPerShareBasic`	$5.02	USD	Annual
Basic earnings per share (USD per share)	`EarningsPerShareBasic`	$5.68	USD	Annual
Diluted earnings per share (USD per share)	`EarningsPerShareDiluted`	$5.00	USD	Annual
Diluted earnings per share (USD per share)	`EarningsPerShareDiluted`	$5.66	USD	Annual
Basic weighted average shares outstanding (in shares)	`WeightedAverageNumberOfSharesOutstandingBasic`	6.97M	shares	Annual
Basic weighted average shares outstanding (in shares)	`WeightedAverageNumberOfSharesOutstandingBasic`	6.92M	shares	Annual
Diluted weighted average shares outstanding (in shares)	`WeightedAverageNumberOfDilutedSharesOutstanding`	6.96M	shares	Annual
Diluted weighted average shares outstanding (in shares)	`WeightedAverageNumberOfDilutedSharesOutstanding`	7.01M	shares	Annual

Cash Flow Statement 60 line items

Line Item	Tag	Value	Unit	Period
Net income	`NetIncomeLoss`	$34.78M	USD	Annual
Net income	`NetIncomeLoss`	$39.63M	USD	Annual
Depreciation, depletion and amortization	`DepreciationDepletionAndAmortization`	$14.68M	USD	Annual
Depreciation, depletion and amortization	`DepreciationDepletionAndAmortization`	$16.24M	USD	Annual
Amortization of deferred financing fees	`AmortizationOfFinancingCosts`	$334.00K	USD	Annual
Amortization of deferred financing fees	`AmortizationOfFinancingCosts`	$334.00K	USD	Annual
Deferred income taxes	`DeferredIncomeTaxExpenseBenefit`	$9.28M	USD	Annual
Deferred income taxes	`DeferredIncomeTaxExpenseBenefit`	$8.70M	USD	Annual
Stock-based compensation	`ShareBasedCompensation`	$3.96M	USD	Annual
Stock-based compensation	`ShareBasedCompensation`	$4.92M	USD	Annual
Gain on sale of assets	`GainLossOnDispositionOfAssets`	$206.00K	USD	Annual
Gain on sale of assets	`GainLossOnDispositionOfAssets`	$892.00K	USD	Annual
Other	`OtherNoncashIncomeExpense`	$7.95M	USD	Annual
Other	`OtherNoncashIncomeExpense`	$7.41M	USD	Annual
Affiliates receivable/payable	`IncreaseDecreaseInDueFromAffiliatesCurrent`	$-6.77M	USD	Annual
Affiliates receivable/payable	`IncreaseDecreaseInDueFromAffiliatesCurrent`	$-1.90M	USD	Annual
Accounts receivable	`IncreaseDecreaseInAccountsReceivable`	$-8.22M	USD	Annual
Accounts receivable	`IncreaseDecreaseInAccountsReceivable`	$3.01M	USD	Annual
Inventories	`IncreaseDecreaseInInventories`	$9.26M	USD	Annual
Inventories	`IncreaseDecreaseInInventories`	$1.19M	USD	Annual
Other current assets	`IncreaseDecreaseInOtherOperatingAssets`	$-1.43M	USD	Annual
Other current assets	`IncreaseDecreaseInOtherOperatingAssets`	$508.00K	USD	Annual
Accounts payable	`IncreaseDecreaseInAccountsPayable`	$-388.00K	USD	Annual
Accounts payable	`IncreaseDecreaseInAccountsPayable`	$60.00K	USD	Annual
Income taxes receivable/payable	`IncreaseDecreaseInIncomeTaxes`	$-5.45M	USD	Annual
Income taxes receivable/payable	`IncreaseDecreaseInIncomeTaxes`	$-2.48M	USD	Annual
Other current liabilities	`IncreaseDecreaseInOtherOperatingLiabilities`	$775.00K	USD	Annual
Other current liabilities	`IncreaseDecreaseInOtherOperatingLiabilities`	$-5.90M	USD	Annual
Net cash provided by operating activities	`NetCashProvidedByUsedInOperatingActivities`	$52.78M	USD	Annual
Net cash provided by operating activities	`NetCashProvidedByUsedInOperatingActivities`	$54.62M	USD	Annual
Expenditures for property, plant and equipment	`PaymentsToAcquirePropertyPlantAndEquipment`	$20.93M	USD	Annual
Expenditures for property, plant and equipment	`PaymentsToAcquirePropertyPlantAndEquipment`	$24.66M	USD	Annual
Proceeds from the sale of assets	`ProceedsFromSaleOfPropertyPlantAndEquipment`	$1.45M	USD	Annual
Proceeds from the sale of assets	`ProceedsFromSaleOfPropertyPlantAndEquipment`	$4.57M	USD	Annual
Other	`PaymentsForProceedsFromOtherInvestingActivities`	$-1.09M	USD	Annual
Other	`PaymentsForProceedsFromOtherInvestingActivities`	$170.00K	USD	Annual
Net cash used for investing activities	`NetCashProvidedByUsedInInvestingActivities`	$-20.26M	USD	Annual
Net cash used for investing activities	`NetCashProvidedByUsedInInvestingActivities`	$-18.39M	USD	Annual
Net additions (reductions) to revolving credit agreement	`LineOfCreditFacilityIncreaseDecreaseForPeriodNet`	$-12.00M	USD	Annual
Net additions (reductions) to revolving credit agreement	`LineOfCreditFacilityIncreaseDecreaseForPeriodNet`	$46.00M	USD	Annual
Additions to long-term debt	`ProceedsFromIssuanceOfLongTermDebt`	$2.00M	USD	Annual
Additions to long-term debt	`ProceedsFromIssuanceOfLongTermDebt`	$396.00K	USD	Annual
Reductions to long-term debt	`RepaymentsOfLongTermDebt`	$742.00K	USD	Annual
Reductions to long-term debt	`RepaymentsOfLongTermDebt`	$1.12M	USD	Annual
Cash dividends paid	`PaymentsOfDividends`	$4.58M	USD	Annual
Cash dividends paid	`PaymentsOfDividends`	$5.13M	USD	Annual
Purchase of treasury shares	`PaymentsForRepurchaseOfCommonStock`	$1.29M	USD	Annual
Purchase of treasury shares	`PaymentsForRepurchaseOfCommonStock`	$3.01M	USD	Annual
Other	`ProceedsFromPaymentsForOtherFinancingActivities`	$-3.00K	USD	Annual
Other	`ProceedsFromPaymentsForOtherFinancingActivities`	$23.00K	USD	Annual
Net cash provided by (used for) financing activities	`NetCashProvidedByUsedInFinancingActivities`	$5.11M	USD	Annual
Net cash provided by (used for) financing activities	`NetCashProvidedByUsedInFinancingActivities`	$-52.58M	USD	Annual
Total increase (decrease) for the year	`CashCashEquivalentsRestrictedCashAndRestrictedCashEquivalentsPeriodIncreaseDecreaseExcludingExchangeRateEffect`	$37.63M	USD	Annual
Total increase (decrease) for the year	`CashCashEquivalentsRestrictedCashAndRestrictedCashEquivalentsPeriodIncreaseDecreaseExcludingExchangeRateEffect`	$-16.34M	USD	Annual
Balance at the beginning of the year	`CashCashEquivalentsRestrictedCashAndRestrictedCashEquivalents`	$122.89M	USD	Point-in-time
Balance at the beginning of the year	`CashCashEquivalentsRestrictedCashAndRestrictedCashEquivalents`	$101.60M	USD	Point-in-time
Balance at the beginning of the year	`CashCashEquivalentsRestrictedCashAndRestrictedCashEquivalents`	$85.26M	USD	Point-in-time
Balance at the end of the year	`CashCashEquivalentsRestrictedCashAndRestrictedCashEquivalents`	$122.89M	USD	Point-in-time
Balance at the end of the year	`CashCashEquivalentsRestrictedCashAndRestrictedCashEquivalents`	$101.60M	USD	Point-in-time
Balance at the end of the year	`CashCashEquivalentsRestrictedCashAndRestrictedCashEquivalents`	$85.26M	USD	Point-in-time

Stockholders Equity 7 line items

Line Item	Tag	Value	Unit	Period
Cash dividends on Class A and Class B common stock (USD per share)	`CommonStockDividendsPerShareDeclared`	$0.73	USD	Annual
Cash dividends on Class A and Class B common stock (USD per share)	`CommonStockDividendsPerShareDeclared`	$0.66	USD	Annual
ASU 2018-02 adoption	`TaxCutsAndJobsActReclassificationFromAOCIToRetainedEarningsTaxEffect`	$160.00K	USD	Annual
Net income	`NetIncomeLoss`	$34.78M	USD	Annual
Net income	`NetIncomeLoss`	$39.63M	USD	Annual
Pension settlement, net of tax	`OtherComprehensiveIncomeLossFinalizationOfPensionAndNonPensionPostretirementPlanValuationNetOfTax`	$671.00K	USD	Annual
Pension settlement, net of tax	`OtherComprehensiveIncomeLossFinalizationOfPensionAndNonPensionPostretirementPlanValuationNetOfTax`	-	USD	Annual

Comprehensive Income 18 line items

Line Item	Tag	Value	Unit	Period
Net income	`NetIncomeLoss`	$34.78M	USD	Annual
Net income	`NetIncomeLoss`	$39.63M	USD	Annual
Current period pension and postretirement plan adjustment, tax benefit	`OtherComprehensiveIncomeLossPensionAndOtherPostretirementBenefitPlansTax`	$-226.00K	USD	Annual
Current period pension and postretirement plan adjustment, tax benefit	`OtherComprehensiveIncomeLossPensionAndOtherPostretirementBenefitPlansTax`	$14.00K	USD	Annual
Pension settlement, tax	`OtherComprehensiveIncomeFinalizationOfPensionAndNonPensionPostretirementPlanValuationTax`	$202.00K	USD	Annual
Pension settlement, tax	`OtherComprehensiveIncomeFinalizationOfPensionAndNonPensionPostretirementPlanValuationTax`	-	USD	Annual
Reclassification of pension and post retirement adjustments into earnings, tax benefit	`OtherComprehensiveIncomeLossAmortizationAdjustmentFromAOCIPensionAndOtherPostretirementBenefitPlansForNetPriorServiceCostCreditTax`	$85.00K	USD	Annual
Reclassification of pension and post retirement adjustments into earnings, tax benefit	`OtherComprehensiveIncomeLossAmortizationAdjustmentFromAOCIPensionAndOtherPostretirementBenefitPlansForNetPriorServiceCostCreditTax`	$90.00K	USD	Annual
Current period pension and postretirement plan adjustment, net of $226 expense and $14 tax benefit in 2019 and 2018, respectively	`OtherComprehensiveIncomeDefinedBenefitPlansNetUnamortizedGainLossArisingDuringPeriodNetOfTax`	$758.00K	USD	Annual
Current period pension and postretirement plan adjustment, net of $226 expense and $14 tax benefit in 2019 and 2018, respectively	`OtherComprehensiveIncomeDefinedBenefitPlansNetUnamortizedGainLossArisingDuringPeriodNetOfTax`	$-301.00K	USD	Annual
Pension settlement, net of $202 tax benefit in 2019	`OtherComprehensiveIncomeLossFinalizationOfPensionAndNonPensionPostretirementPlanValuationNetOfTax`	$671.00K	USD	Annual
Pension settlement, net of $202 tax benefit in 2019	`OtherComprehensiveIncomeLossFinalizationOfPensionAndNonPensionPostretirementPlanValuationNetOfTax`	-	USD	Annual
Reclassification of pension and postretirement adjustments into earnings, net of $90 and $85 tax benefit in 2019 and 2018, respectively	`OtherComprehensiveIncomeLossReclassificationAdjustmentFromAOCIPensionAndOtherPostretirementBenefitPlansForNetGainLossNetOfTax`	$-845.00K	USD	Annual
Reclassification of pension and postretirement adjustments into earnings, net of $90 and $85 tax benefit in 2019 and 2018, respectively	`OtherComprehensiveIncomeLossReclassificationAdjustmentFromAOCIPensionAndOtherPostretirementBenefitPlansForNetGainLossNetOfTax`	$-489.00K	USD	Annual
Total other comprehensive income	`OtherComprehensiveIncomeLossNetOfTaxPortionAttributableToParent`	$2.27M	USD	Annual
Total other comprehensive income	`OtherComprehensiveIncomeLossNetOfTaxPortionAttributableToParent`	$188.00K	USD	Annual
Comprehensive income	`ComprehensiveIncomeNetOfTax`	$34.97M	USD	Annual
Comprehensive income	`ComprehensiveIncomeNetOfTax`	$41.91M	USD	Annual

Data is extracted from SEC EDGAR XBRL filings. Values shown are as reported in the filing.