10-Q Filing

NACCO INDUSTRIES INC CIK: 789933 Q1 2020

Filing Information

Form Type	10-Q
Accession Number	`0000789933-20-000028`
Period End Date	20200331
Filing Date	20200507
Fiscal Year	2020
Fiscal Period	Q1
XBRL Instance	nacco-20200331.xml

Filing Contents

This filing contains the following financial statements:

Balance Sheet 72 Income Statement 46 Cash Flow Statement 32 Stockholders Equity 20 Comprehensive Income 10

Balance Sheet 72 line items

Line Item	Tag	Value	Unit	Period
Cash and cash equivalents	`CashAndCashEquivalentsAtCarryingValue`	$93.73M	USD	Point-in-time
Cash and cash equivalents	`CashAndCashEquivalentsAtCarryingValue`	$122.89M	USD	Point-in-time
Trade accounts receivable, net	`AccountsReceivableNet`	$15.44M	USD	Point-in-time
Trade accounts receivable, net	`AccountsReceivableNet`	$21.12M	USD	Point-in-time
Accounts receivable from affiliates	`DueFromAffiliates`	$6.38M	USD	Point-in-time
Accounts receivable from affiliates	`DueFromAffiliates`	$6.41M	USD	Point-in-time
Inventories	`InventoryNet`	$36.00M	USD	Point-in-time
Inventories	`InventoryNet`	$40.47M	USD	Point-in-time
Refundable federal income taxes	`IncomeTaxesReceivable`	$8.93M	USD	Point-in-time
Refundable federal income taxes	`IncomeTaxesReceivable`	$14.64M	USD	Point-in-time
Prepaid expenses and other	`PrepaidExpenseAndOtherAssets`	$17.07M	USD	Point-in-time
Prepaid expenses and other	`PrepaidExpenseAndOtherAssets`	$6.53M	USD	Point-in-time
Total current assets	`AssetsCurrent`	$188.93M	USD	Point-in-time
Total current assets	`AssetsCurrent`	$200.67M	USD	Point-in-time
Property, plant and equipment, net	`PropertyPlantAndEquipmentAndFinanceLeaseRightOfUseAssetAfterAccumulatedDepreciationAndAmortization`	$138.06M	USD	Point-in-time
Property, plant and equipment, net	`PropertyPlantAndEquipmentAndFinanceLeaseRightOfUseAssetAfterAccumulatedDepreciationAndAmortization`	$139.61M	USD	Point-in-time
Intangibles, net	`FiniteLivedIntangibleAssetsNet`	$37.12M	USD	Point-in-time
Intangibles, net	`FiniteLivedIntangibleAssetsNet`	$37.90M	USD	Point-in-time
Investments in unconsolidated subsidiaries	`EquityMethodInvestments`	$24.61M	USD	Point-in-time
Investments in unconsolidated subsidiaries	`EquityMethodInvestments`	$27.38M	USD	Point-in-time
Operating lease right-of-use assets	`OperatingLeaseRightOfUseAsset`	$11.08M	USD	Point-in-time
Operating lease right-of-use assets	`OperatingLeaseRightOfUseAsset`	$11.40M	USD	Point-in-time
Other non-current assets	`OtherAssetsNoncurrent`	$32.13M	USD	Point-in-time
Other non-current assets	`OtherAssetsNoncurrent`	$31.79M	USD	Point-in-time
Total assets	`Assets`	$444.77M	USD	Point-in-time
Total assets	`Assets`	$435.92M	USD	Point-in-time
Accounts payable	`AccountsPayableCurrent`	$9.37M	USD	Point-in-time
Accounts payable	`AccountsPayableCurrent`	$8.38M	USD	Point-in-time
Accounts payable to affiliates	`DueToAffiliateCurrentAndNoncurrent`	$157.00K	USD	Point-in-time
Accounts payable to affiliates	`DueToAffiliateCurrentAndNoncurrent`	$577.00K	USD	Point-in-time
Revolving credit agreements	`LinesOfCreditCurrent`	$11.00M	USD	Point-in-time
Revolving credit agreements	`LinesOfCreditCurrent`	$7.00M	USD	Point-in-time
Current maturities of long-term debt	`LongTermDebtCurrent`	$933.00K	USD	Point-in-time
Current maturities of long-term debt	`LongTermDebtCurrent`	$795.00K	USD	Point-in-time
Asset retirement obligations	`AssetRetirementObligationCurrent`	$2.29M	USD	Point-in-time
Asset retirement obligations	`AssetRetirementObligationCurrent`	$2.29M	USD	Point-in-time
Accrued payroll	`AccruedSalariesCurrent`	$6.52M	USD	Point-in-time
Accrued payroll	`AccruedSalariesCurrent`	$19.58M	USD	Point-in-time
Deferred compensation	`DeferredCompensationLiabilityCurrent`	-	USD	Point-in-time
Deferred compensation	`DeferredCompensationLiabilityCurrent`	$13.46M	USD	Point-in-time
Deferred revenue	`ContractWithCustomerLiability`	$2.20M	USD	Point-in-time
Deferred revenue	`ContractWithCustomerLiability`	$1.91M	USD	Point-in-time
Other current liabilities	`OtherLiabilitiesCurrent`	$6.98M	USD	Point-in-time
Other current liabilities	`OtherLiabilitiesCurrent`	$6.63M	USD	Point-in-time
Total current liabilities	`LiabilitiesCurrent`	$61.97M	USD	Point-in-time
Total current liabilities	`LiabilitiesCurrent`	$38.11M	USD	Point-in-time
Long-term debt	`LongTermDebtNoncurrent`	$22.65M	USD	Point-in-time
Long-term debt	`LongTermDebtNoncurrent`	$17.15M	USD	Point-in-time
Operating lease liabilities	`OperatingLeaseLiabilityNoncurrent`	$12.12M	USD	Point-in-time
Operating lease liabilities	`OperatingLeaseLiabilityNoncurrent`	$12.45M	USD	Point-in-time
Asset retirement obligations	`MineReclamationAndClosingLiabilityNoncurrent`	$34.63M	USD	Point-in-time
Asset retirement obligations	`MineReclamationAndClosingLiabilityNoncurrent`	$34.57M	USD	Point-in-time
Pension and other postretirement obligations	`PensionAndOtherPostretirementDefinedBenefitPlansLiabilitiesNoncurrent`	$8.32M	USD	Point-in-time
Pension and other postretirement obligations	`PensionAndOtherPostretirementDefinedBenefitPlansLiabilitiesNoncurrent`	$8.81M	USD	Point-in-time
Deferred income taxes	`DeferredIncomeTaxLiabilitiesNet`	$12.34M	USD	Point-in-time
Deferred income taxes	`DeferredIncomeTaxLiabilitiesNet`	$18.57M	USD	Point-in-time
Other long-term liabilities	`OtherLiabilitiesNoncurrent`	$7.68M	USD	Point-in-time
Other long-term liabilities	`OtherLiabilitiesNoncurrent`	$8.10M	USD	Point-in-time
Total liabilities	`Liabilities`	$142.08M	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`	$8.32M	USD	Point-in-time
Retained earnings	`RetainedEarningsAccumulatedDeficit`	$289.68M	USD	Point-in-time
Retained earnings	`RetainedEarningsAccumulatedDeficit`	$284.85M	USD	Point-in-time
Accumulated other comprehensive loss	`AccumulatedOtherComprehensiveIncomeLossNetOfTax`	$-11.18M	USD	Point-in-time
Accumulated other comprehensive loss	`AccumulatedOtherComprehensiveIncomeLossNetOfTax`	$-11.34M	USD	Point-in-time
Total stockholders' equity	`StockholdersEquity`	$250.70M	USD	Point-in-time
Total stockholders' equity	`StockholdersEquity`	$289.39M	USD	Point-in-time
Total stockholders' equity	`StockholdersEquity`	$264.27M	USD	Point-in-time
Total stockholders' equity	`StockholdersEquity`	$293.84M	USD	Point-in-time
Total liabilities and equity	`LiabilitiesAndStockholdersEquity`	$444.77M	USD	Point-in-time
Total liabilities and equity	`LiabilitiesAndStockholdersEquity`	$435.92M	USD	Point-in-time

Income Statement 46 line items

Line Item	Tag	Value	Unit	Period
Revenues	`RevenueFromContractWithCustomerExcludingAssessedTax`	$40.10M	USD	1 Quarter
Revenues	`RevenueFromContractWithCustomerExcludingAssessedTax`	$37.64M	USD	1 Quarter
Cost of sales	`CostOfGoodsAndServicesSold`	$32.56M	USD	1 Quarter
Cost of sales	`CostOfGoodsAndServicesSold`	$26.71M	USD	1 Quarter
Gross profit	`GrossProfit`	$13.38M	USD	1 Quarter
Gross profit	`GrossProfit`	$5.08M	USD	1 Quarter
Earnings of unconsolidated operations	`EarningsOfUnconsolidatedMines`	$16.00M	USD	1 Quarter
Earnings of unconsolidated operations	`EarningsOfUnconsolidatedMines`	$16.27M	USD	1 Quarter
Selling, general and administrative expenses	`SellingGeneralAndAdministrativeExpense`	$12.65M	USD	1 Quarter
Selling, general and administrative expenses	`SellingGeneralAndAdministrativeExpense`	$12.73M	USD	1 Quarter
Amortization of intangible assets	`AmortizationOfIntangibleAssets`	$777.00K	USD	1 Quarter
Amortization of intangible assets	`AmortizationOfIntangibleAssets`	$647.00K	USD	1 Quarter
Gain on sale of assets	`GainLossOnDispositionOfAssets1`	-	USD	1 Quarter
Gain on sale of assets	`GainLossOnDispositionOfAssets1`	$18.00K	USD	1 Quarter
Operating expenses	`OperatingExpenses`	$13.28M	USD	1 Quarter
Operating expenses	`OperatingExpenses`	$13.50M	USD	1 Quarter
Operating profit	`OperatingIncomeLoss`	$7.58M	USD	1 Quarter
Operating profit	`OperatingIncomeLoss`	$16.37M	USD	1 Quarter
Interest expense	`InterestExpense`	$231.00K	USD	1 Quarter
Interest expense	`InterestExpense`	$403.00K	USD	1 Quarter
Interest income	`InvestmentIncomeNonoperating`	$553.00K	USD	1 Quarter
Interest income	`InvestmentIncomeNonoperating`	$401.00K	USD	1 Quarter
Income from other unconsolidated affiliates	`IncomeLossFromEquityMethodInvestments`	$133.00K	USD	1 Quarter
Income from other unconsolidated affiliates	`IncomeLossFromEquityMethodInvestments`	$322.00K	USD	1 Quarter
Closed mine obligations	`NonoperatingIncomeExpenseClosedMineObligations`	$434.00K	USD	1 Quarter
Closed mine obligations	`NonoperatingIncomeExpenseClosedMineObligations`	$366.00K	USD	1 Quarter
Loss (gain) on equity securities	`EquitySecuritiesFvNiRealizedGainLoss`	$698.00K	USD	1 Quarter
Loss (gain) on equity securities	`EquitySecuritiesFvNiRealizedGainLoss`	$-1.20M	USD	1 Quarter
Other, net	`OtherNonoperatingIncomeExpense`	$15.00K	USD	1 Quarter
Other, net	`OtherNonoperatingIncomeExpense`	$-11.00K	USD	1 Quarter
Other (income) expense	`NonoperatingIncomeExpense`	$965.00K	USD	1 Quarter
Other (income) expense	`NonoperatingIncomeExpense`	$-1.48M	USD	1 Quarter
Income before income tax (benefit) provision	`IncomeLossAttributableToParent`	$17.34M	USD	1 Quarter
Income before income tax (benefit) provision	`IncomeLossAttributableToParent`	$6.10M	USD	1 Quarter
Income tax (benefit) provision	`IncomeTaxExpenseBenefit`	$2.32M	USD	1 Quarter
Income tax (benefit) provision	`IncomeTaxExpenseBenefit`	$-70.00K	USD	1 Quarter
Net income	`NetIncomeLoss`	$15.02M	USD	1 Quarter
Net income	`NetIncomeLoss`	$6.17M	USD	1 Quarter
Basic earnings per share (in dollars per share)	`EarningsPerShareBasic`	$0.88	USD	1 Quarter
Basic earnings per share (in dollars per share)	`EarningsPerShareBasic`	$2.16	USD	1 Quarter
Diluted earnings per share (in dollars per share)	`EarningsPerShareDiluted`	$2.15	USD	1 Quarter
Diluted earnings per share (in dollars per share)	`EarningsPerShareDiluted`	$0.88	USD	1 Quarter
Basic weighted average shares outstanding (in shares)	`WeightedAverageNumberOfSharesOutstandingBasic`	6.95M	shares	1 Quarter
Basic weighted average shares outstanding (in shares)	`WeightedAverageNumberOfSharesOutstandingBasic`	7.00M	shares	1 Quarter
Diluted weighted average shares outstanding (in shares)	`WeightedAverageNumberOfDilutedSharesOutstanding`	7.04M	shares	1 Quarter
Diluted weighted average shares outstanding (in shares)	`WeightedAverageNumberOfDilutedSharesOutstanding`	7.00M	shares	1 Quarter

Cash Flow Statement 32 line items

Line Item	Tag	Value	Unit	Period
Net cash used for operating activities	`NetCashProvidedByUsedInOperatingActivities`	$-544.00K	USD	1 Quarter
Net cash used for operating activities	`NetCashProvidedByUsedInOperatingActivities`	$-31.12M	USD	1 Quarter
Expenditures for property, plant and equipment	`PaymentsToAcquirePropertyPlantAndEquipment`	$5.36M	USD	1 Quarter
Expenditures for property, plant and equipment	`PaymentsToAcquirePropertyPlantAndEquipment`	$4.25M	USD	1 Quarter
Proceeds from the sale of property, plant and equipment	`ProceedsFromSaleOfPropertyPlantAndEquipment`	-	USD	1 Quarter
Proceeds from the sale of property, plant and equipment	`ProceedsFromSaleOfPropertyPlantAndEquipment`	$18.00K	USD	1 Quarter
Other	`PaymentsForProceedsFromOtherInvestingActivities`	$13.00K	USD	1 Quarter
Other	`PaymentsForProceedsFromOtherInvestingActivities`	$-16.00K	USD	1 Quarter
Net cash used for investing activities	`NetCashProvidedByUsedInInvestingActivities`	$-5.34M	USD	1 Quarter
Net cash used for investing activities	`NetCashProvidedByUsedInInvestingActivities`	$-4.25M	USD	1 Quarter
Additions to long-term debt	`ProceedsFromIssuanceOfLongTermDebt`	$1.21M	USD	1 Quarter
Additions to long-term debt	`ProceedsFromIssuanceOfLongTermDebt`	$6.23M	USD	1 Quarter
Reductions of long-term debt	`RepaymentsOfLongTermDebt`	$161.00K	USD	1 Quarter
Reductions of long-term debt	`RepaymentsOfLongTermDebt`	$593.00K	USD	1 Quarter
Net additions to revolving credit agreements	`ProceedsFromRepaymentsOfLinesOfCredit`	-	USD	1 Quarter
Net additions to revolving credit agreements	`ProceedsFromRepaymentsOfLinesOfCredit`	$4.00M	USD	1 Quarter
Cash dividends paid	`PaymentsOfDividends`	$1.34M	USD	1 Quarter
Cash dividends paid	`PaymentsOfDividends`	$1.15M	USD	1 Quarter
Purchase of treasury shares	`PaymentsForRepurchaseOfCommonStock`	$1.30M	USD	1 Quarter
Purchase of treasury shares	`PaymentsForRepurchaseOfCommonStock`	$1.00M	USD	1 Quarter
Net cash provided by (used for) financing activities	`NetCashProvidedByUsedInFinancingActivities`	$7.30M	USD	1 Quarter
Net cash provided by (used for) financing activities	`NetCashProvidedByUsedInFinancingActivities`	$-1.41M	USD	1 Quarter
Total decrease for the period	`CashCashEquivalentsRestrictedCashAndRestrictedCashEquivalentsPeriodIncreaseDecreaseIncludingExchangeRateEffect`	$-29.17M	USD	1 Quarter
Total decrease for the period	`CashCashEquivalentsRestrictedCashAndRestrictedCashEquivalentsPeriodIncreaseDecreaseIncludingExchangeRateEffect`	$-6.20M	USD	1 Quarter
Balance at the beginning of the period	`CashCashEquivalentsRestrictedCashAndRestrictedCashEquivalents`	$85.26M	USD	Point-in-time
Balance at the beginning of the period	`CashCashEquivalentsRestrictedCashAndRestrictedCashEquivalents`	$93.73M	USD	Point-in-time
Balance at the beginning of the period	`CashCashEquivalentsRestrictedCashAndRestrictedCashEquivalents`	$79.06M	USD	Point-in-time
Balance at the beginning of the period	`CashCashEquivalentsRestrictedCashAndRestrictedCashEquivalents`	$122.89M	USD	Point-in-time
Balance at the end of the period	`CashCashEquivalentsRestrictedCashAndRestrictedCashEquivalents`	$85.26M	USD	Point-in-time
Balance at the end of the period	`CashCashEquivalentsRestrictedCashAndRestrictedCashEquivalents`	$93.73M	USD	Point-in-time
Balance at the end of the period	`CashCashEquivalentsRestrictedCashAndRestrictedCashEquivalents`	$79.06M	USD	Point-in-time
Balance at the end of the period	`CashCashEquivalentsRestrictedCashAndRestrictedCashEquivalents`	$122.89M	USD	Point-in-time

Stockholders Equity 20 line items

Line Item	Tag	Value	Unit	Period
Cash dividends on common stock (in dollars per share)	`CommonStockDividendsPerShareDeclared`	$0.19	USD	1 Quarter
Cash dividends on common stock (in dollars per share)	`CommonStockDividendsPerShareDeclared`	$0.17	USD	1 Quarter
Balance, beginning of period	`StockholdersEquity`	$250.70M	USD	Point-in-time
Balance, beginning of period	`StockholdersEquity`	$289.39M	USD	Point-in-time
Balance, beginning of period	`StockholdersEquity`	$264.27M	USD	Point-in-time
Balance, beginning of period	`StockholdersEquity`	$293.84M	USD	Point-in-time
Stock-based compensation	`AdjustmentsToAdditionalPaidInCapitalSharebasedCompensationRequisiteServicePeriodRecognitionValue`	$465.00K	USD	1 Quarter
Stock-based compensation	`AdjustmentsToAdditionalPaidInCapitalSharebasedCompensationRequisiteServicePeriodRecognitionValue`	$897.00K	USD	1 Quarter
Purchase of treasury shares	`TreasuryStockValueAcquiredParValueMethod`	$1.30M	USD	1 Quarter
Purchase of treasury shares	`TreasuryStockValueAcquiredParValueMethod`	$1.00M	USD	1 Quarter
Net income	`NetIncomeLoss`	$15.02M	USD	1 Quarter
Net income	`NetIncomeLoss`	$6.17M	USD	1 Quarter
Cash dividends on Class A and Class B common stock	`DividendsCommonStockCash`	$1.34M	USD	1 Quarter
Cash dividends on Class A and Class B common stock	`DividendsCommonStockCash`	$1.15M	USD	1 Quarter
Reclassification adjustment to net income, net of tax	`ReclassificationFromAccumulatedOtherComprehensiveIncomeCurrentPeriodNetOfTax`	$-101.00K	USD	1 Quarter
Reclassification adjustment to net income, net of tax	`ReclassificationFromAccumulatedOtherComprehensiveIncomeCurrentPeriodNetOfTax`	$-155.00K	USD	1 Quarter
Balance, end of period	`StockholdersEquity`	$250.70M	USD	Point-in-time
Balance, end of period	`StockholdersEquity`	$289.39M	USD	Point-in-time
Balance, end of period	`StockholdersEquity`	$264.27M	USD	Point-in-time
Balance, end of period	`StockholdersEquity`	$293.84M	USD	Point-in-time

Comprehensive Income 10 line items

Line Item	Tag	Value	Unit	Period
Reclassification of pension and postretirement adjustments into earnings, tax expense (benefit)	`OtherComprehensiveIncomeLossReclassificationAdjustmentFromAOCIPensionAndOtherPostretirementBenefitPlansForNetGainLossTax`	$-24.00K	USD	1 Quarter
Net income	`NetIncomeLoss`	$15.02M	USD	1 Quarter
Net income	`NetIncomeLoss`	$6.17M	USD	1 Quarter
Reclassification of pension and postretirement adjustments into earnings, tax expense (benefit)	`OtherComprehensiveIncomeLossReclassificationAdjustmentFromAOCIPensionAndOtherPostretirementBenefitPlansForNetGainLossTax`	$-45.00K	USD	1 Quarter
Reclassification of pension and postretirement adjustments into earnings, net of $45 and $24 tax benefit in the three months ended March 31, 2020 and March 31, 2019, respectively.	`OtherComprehensiveIncomeLossReclassificationAdjustmentFromAOCIPensionAndOtherPostretirementBenefitPlansForNetGainLossNetOfTax`	$-101.00K	USD	1 Quarter
Reclassification of pension and postretirement adjustments into earnings, net of $45 and $24 tax benefit in the three months ended March 31, 2020 and March 31, 2019, respectively.	`OtherComprehensiveIncomeLossReclassificationAdjustmentFromAOCIPensionAndOtherPostretirementBenefitPlansForNetGainLossNetOfTax`	$-155.00K	USD	1 Quarter
Total other comprehensive income	`OtherComprehensiveIncomeLossNetOfTax`	$101.00K	USD	1 Quarter
Total other comprehensive income	`OtherComprehensiveIncomeLossNetOfTax`	$155.00K	USD	1 Quarter
Comprehensive income	`ComprehensiveIncomeNetOfTax`	$6.32M	USD	1 Quarter
Comprehensive income	`ComprehensiveIncomeNetOfTax`	$15.12M	USD	1 Quarter

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