10-Q Filing

NACCO INDUSTRIES INC CIK: 789933 Q1 2021

Filing Information

Form Type	10-Q
Accession Number	`0000789933-21-000025`
Period End Date	20210331
Filing Date	20210505
Fiscal Year	2021
Fiscal Period	Q1
XBRL Instance	nacco-20210331_htm.xml

Filing Contents

This filing contains the following financial statements:

Balance Sheet 72 Income Statement 44 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`	$79.13M	USD	Point-in-time
Cash and cash equivalents	`CashAndCashEquivalentsAtCarryingValue`	$88.45M	USD	Point-in-time
Trade accounts receivable, net	`AccountsReceivableNetCurrent`	$18.89M	USD	Point-in-time
Trade accounts receivable, net	`AccountsReceivableNetCurrent`	$22.30M	USD	Point-in-time
Accounts receivable from affiliates	`DueFromAffiliates`	$7.51M	USD	Point-in-time
Accounts receivable from affiliates	`DueFromAffiliates`	$4.76M	USD	Point-in-time
Inventories	`InventoryNet`	$47.55M	USD	Point-in-time
Inventories	`InventoryNet`	$45.10M	USD	Point-in-time
Refundable federal income taxes	`IncomeTaxesReceivable`	$17.61M	USD	Point-in-time
Refundable federal income taxes	`IncomeTaxesReceivable`	$14.52M	USD	Point-in-time
Prepaid insurance	`PrepaidInsurance`	$11.90M	USD	Point-in-time
Prepaid insurance	`PrepaidInsurance`	$2.56M	USD	Point-in-time
Other current assets	`OtherAssetsCurrent`	$8.31M	USD	Point-in-time
Other current assets	`OtherAssetsCurrent`	$12.31M	USD	Point-in-time
Total current assets	`AssetsCurrent`	$192.78M	USD	Point-in-time
Total current assets	`AssetsCurrent`	$188.15M	USD	Point-in-time
Property, plant and equipment, net	`PropertyPlantAndEquipmentAndFinanceLeaseRightOfUseAssetAfterAccumulatedDepreciationAndAmortization`	$172.42M	USD	Point-in-time
Property, plant and equipment, net	`PropertyPlantAndEquipmentAndFinanceLeaseRightOfUseAssetAfterAccumulatedDepreciationAndAmortization`	$169.13M	USD	Point-in-time
Intangibles, net	`FiniteLivedIntangibleAssetsNet`	$35.33M	USD	Point-in-time
Intangibles, net	`FiniteLivedIntangibleAssetsNet`	$34.35M	USD	Point-in-time
Investments in unconsolidated subsidiaries	`EquityMethodInvestments`	$29.76M	USD	Point-in-time
Investments in unconsolidated subsidiaries	`EquityMethodInvestments`	$28.98M	USD	Point-in-time
Operating lease right-of-use assets	`OperatingLeaseRightOfUseAsset`	$10.32M	USD	Point-in-time
Operating lease right-of-use assets	`OperatingLeaseRightOfUseAsset`	$9.96M	USD	Point-in-time
Other non-current assets	`OtherAssetsNoncurrent`	$40.98M	USD	Point-in-time
Other non-current assets	`OtherAssetsNoncurrent`	$43.24M	USD	Point-in-time
Total assets	`Assets`	$479.23M	USD	Point-in-time
Total assets	`Assets`	$476.18M	USD	Point-in-time
Accounts payable	`AccountsPayableCurrent`	$7.80M	USD	Point-in-time
Accounts payable	`AccountsPayableCurrent`	$5.52M	USD	Point-in-time
Accounts payable to affiliates	`DueToAffiliateCurrentAndNoncurrent`	$125.00K	USD	Point-in-time
Accounts payable to affiliates	`DueToAffiliateCurrentAndNoncurrent`	$440.00K	USD	Point-in-time
Revolving credit agreements	`LinesOfCreditCurrent`	$18.00M	USD	Point-in-time
Revolving credit agreements	`LinesOfCreditCurrent`	$20.00M	USD	Point-in-time
Current maturities of long-term debt	`LongTermDebtAndCapitalLeaseObligationsCurrent`	$2.07M	USD	Point-in-time
Current maturities of long-term debt	`LongTermDebtAndCapitalLeaseObligationsCurrent`	$2.11M	USD	Point-in-time
Asset retirement obligations	`AssetRetirementObligationCurrent`	$1.84M	USD	Point-in-time
Asset retirement obligations	`AssetRetirementObligationCurrent`	$1.84M	USD	Point-in-time
Accrued payroll	`AccruedSalariesCurrent`	$14.43M	USD	Point-in-time
Accrued payroll	`AccruedSalariesCurrent`	$7.31M	USD	Point-in-time
Other current liabilities	`OtherLiabilitiesCurrent`	$8.22M	USD	Point-in-time
Other current liabilities	`OtherLiabilitiesCurrent`	$8.46M	USD	Point-in-time
Total current liabilities	`LiabilitiesCurrent`	$45.92M	USD	Point-in-time
Total current liabilities	`LiabilitiesCurrent`	$52.26M	USD	Point-in-time
Long-term debt	`LongTermDebtAndCapitalLeaseObligations`	$24.35M	USD	Point-in-time
Long-term debt	`LongTermDebtAndCapitalLeaseObligations`	$24.29M	USD	Point-in-time
Operating lease liabilities	`OperatingLeaseLiabilityNoncurrent`	$11.20M	USD	Point-in-time
Operating lease liabilities	`OperatingLeaseLiabilityNoncurrent`	$10.84M	USD	Point-in-time
Asset retirement obligations	`MineReclamationAndClosingLiabilityNoncurrent`	$39.89M	USD	Point-in-time
Asset retirement obligations	`MineReclamationAndClosingLiabilityNoncurrent`	$40.51M	USD	Point-in-time
Pension and other postretirement obligations	`PensionAndOtherPostretirementDefinedBenefitPlansLiabilitiesNoncurrent`	$8.84M	USD	Point-in-time
Pension and other postretirement obligations	`PensionAndOtherPostretirementDefinedBenefitPlansLiabilitiesNoncurrent`	$8.31M	USD	Point-in-time
Deferred income taxes	`DeferredIncomeTaxLiabilitiesNet`	$17.97M	USD	Point-in-time
Deferred income taxes	`DeferredIncomeTaxLiabilitiesNet`	$17.55M	USD	Point-in-time
Liability for uncertain tax positions	`LiabilityForUncertainTaxPositionsNoncurrent`	$9.41M	USD	Point-in-time
Liability for uncertain tax positions	`LiabilityForUncertainTaxPositionsNoncurrent`	$9.41M	USD	Point-in-time
Other long-term liabilities	`OtherLiabilitiesNoncurrent`	$12.60M	USD	Point-in-time
Other long-term liabilities	`OtherLiabilitiesNoncurrent`	$12.06M	USD	Point-in-time
Total liabilities	`Liabilities`	$169.86M	USD	Point-in-time
Total liabilities	`Liabilities`	$175.56M	USD	Point-in-time
Capital in excess of par value	`AdditionalPaidInCapitalCommonStock`	$11.82M	USD	Point-in-time
Capital in excess of par value	`AdditionalPaidInCapitalCommonStock`	$10.89M	USD	Point-in-time
Retained earnings	`RetainedEarningsAccumulatedDeficit`	$294.27M	USD	Point-in-time
Retained earnings	`RetainedEarningsAccumulatedDeficit`	$301.86M	USD	Point-in-time
Accumulated other comprehensive loss	`AccumulatedOtherComprehensiveIncomeLossNetOfTax`	$-11.46M	USD	Point-in-time
Accumulated other comprehensive loss	`AccumulatedOtherComprehensiveIncomeLossNetOfTax`	$-11.60M	USD	Point-in-time
Total stockholders' equity	`StockholdersEquity`	$293.84M	USD	Point-in-time
Total stockholders' equity	`StockholdersEquity`	$300.62M	USD	Point-in-time
Total stockholders' equity	`StockholdersEquity`	$309.37M	USD	Point-in-time
Total stockholders' equity	`StockholdersEquity`	$289.39M	USD	Point-in-time
Total liabilities and equity	`LiabilitiesAndStockholdersEquity`	$479.23M	USD	Point-in-time
Total liabilities and equity	`LiabilitiesAndStockholdersEquity`	$476.18M	USD	Point-in-time

Income Statement 44 line items

Line Item	Tag	Value	Unit	Period
Revenues	`RevenueFromContractWithCustomerExcludingAssessedTax`	$45.10M	USD	1 Quarter
Revenues	`RevenueFromContractWithCustomerExcludingAssessedTax`	$37.64M	USD	1 Quarter
Cost of sales	`CostOfGoodsAndServicesSold`	$37.41M	USD	1 Quarter
Cost of sales	`CostOfGoodsAndServicesSold`	$32.56M	USD	1 Quarter
Gross profit	`GrossProfit`	$7.69M	USD	1 Quarter
Gross profit	`GrossProfit`	$5.08M	USD	1 Quarter
Earnings of unconsolidated operations	`EarningsOfUnconsolidatedMines`	$15.34M	USD	1 Quarter
Earnings of unconsolidated operations	`EarningsOfUnconsolidatedMines`	$16.00M	USD	1 Quarter
Selling, general and administrative expenses	`SellingGeneralAndAdministrativeExpense`	$13.76M	USD	1 Quarter
Selling, general and administrative expenses	`SellingGeneralAndAdministrativeExpense`	$12.73M	USD	1 Quarter
Amortization of intangible assets	`AmortizationOfIntangibleAssets`	$982.00K	USD	1 Quarter
Amortization of intangible assets	`AmortizationOfIntangibleAssets`	$777.00K	USD	1 Quarter
Gain on sale of assets	`GainLossOnDispositionOfAssets1`	-	USD	1 Quarter
Gain on sale of assets	`GainLossOnDispositionOfAssets1`	$41.00K	USD	1 Quarter
Operating expenses	`OperatingExpenses`	$14.70M	USD	1 Quarter
Operating expenses	`OperatingExpenses`	$13.50M	USD	1 Quarter
Operating profit	`OperatingIncomeLoss`	$7.58M	USD	1 Quarter
Operating profit	`OperatingIncomeLoss`	$8.33M	USD	1 Quarter
Interest expense	`InterestExpense`	$356.00K	USD	1 Quarter
Interest expense	`InterestExpense`	$403.00K	USD	1 Quarter
Interest income	`InvestmentIncomeNonoperating`	$120.00K	USD	1 Quarter
Interest income	`InvestmentIncomeNonoperating`	$401.00K	USD	1 Quarter
Closed mine obligations	`NonoperatingIncomeExpenseClosedMineObligations`	$383.00K	USD	1 Quarter
Closed mine obligations	`NonoperatingIncomeExpenseClosedMineObligations`	$434.00K	USD	1 Quarter
(Gain) loss on equity securities	`EquitySecuritiesFvNiRealizedGainLoss`	$-1.20M	USD	1 Quarter
(Gain) loss on equity securities	`EquitySecuritiesFvNiRealizedGainLoss`	$823.00K	USD	1 Quarter
Other, net	`OtherNonoperatingIncomeExpense`	$130.00K	USD	1 Quarter
Other, net	`OtherNonoperatingIncomeExpense`	$148.00K	USD	1 Quarter
Other (income) expense	`NonoperatingIncomeExpense`	$334.00K	USD	1 Quarter
Other (income) expense	`NonoperatingIncomeExpense`	$-1.48M	USD	1 Quarter
Income before income tax benefit	`IncomeLossAttributableToParent`	$8.66M	USD	1 Quarter
Income before income tax benefit	`IncomeLossAttributableToParent`	$6.10M	USD	1 Quarter
Income tax benefit	`IncomeTaxExpenseBenefit`	$-297.00K	USD	1 Quarter
Income tax benefit	`IncomeTaxExpenseBenefit`	$-70.00K	USD	1 Quarter
Net income	`NetIncomeLoss`	$8.96M	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`	$1.26	USD	1 Quarter
Diluted earnings per share (in dollars per share)	`EarningsPerShareDiluted`	$1.25	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`	7.00M	shares	1 Quarter
Basic weighted average shares outstanding (in shares)	`WeightedAverageNumberOfSharesOutstandingBasic`	7.10M	shares	1 Quarter
Diluted weighted average shares outstanding (in shares)	`WeightedAverageNumberOfDilutedSharesOutstanding`	7.04M	shares	1 Quarter
Diluted weighted average shares outstanding (in shares)	`WeightedAverageNumberOfDilutedSharesOutstanding`	7.14M	shares	1 Quarter

Cash Flow Statement 32 line items

Line Item	Tag	Value	Unit	Period
Net cash used for operating activities	`NetCashProvidedByUsedInOperatingActivities`	$-910.00K	USD	1 Quarter
Net cash used for operating activities	`NetCashProvidedByUsedInOperatingActivities`	$-31.12M	USD	1 Quarter
Expenditures for property, plant and equipment and acquisition of mineral interests	`PaymentsToAcquirePropertyPlantAndEquipmentAndMineralRights`	$4.88M	USD	1 Quarter
Expenditures for property, plant and equipment and acquisition of mineral interests	`PaymentsToAcquirePropertyPlantAndEquipmentAndMineralRights`	$5.36M	USD	1 Quarter
Proceeds from the sale of property, plant and equipment	`ProceedsFromSaleOfPropertyPlantAndEquipment`	$44.00K	USD	1 Quarter
Proceeds from the sale of property, plant and equipment	`ProceedsFromSaleOfPropertyPlantAndEquipment`	-	USD	1 Quarter
Other	`PaymentsForProceedsFromOtherInvestingActivities`	$-16.00K	USD	1 Quarter
Other	`PaymentsForProceedsFromOtherInvestingActivities`	$15.00K	USD	1 Quarter
Net cash used for investing activities	`NetCashProvidedByUsedInInvestingActivities`	$-4.85M	USD	1 Quarter
Net cash used for investing activities	`NetCashProvidedByUsedInInvestingActivities`	$-5.34M	USD	1 Quarter
Additions to long-term debt	`ProceedsFromIssuanceOfLongTermDebt`	$170.00K	USD	1 Quarter
Additions to long-term debt	`ProceedsFromIssuanceOfLongTermDebt`	$6.23M	USD	1 Quarter
Reductions of long-term debt	`RepaymentsOfLongTermDebt`	$357.00K	USD	1 Quarter
Reductions of long-term debt	`RepaymentsOfLongTermDebt`	$593.00K	USD	1 Quarter
Net (reductions) additions to revolving credit agreements	`ProceedsFromRepaymentsOfLinesOfCredit`	$4.00M	USD	1 Quarter
Net (reductions) additions to revolving credit agreements	`ProceedsFromRepaymentsOfLinesOfCredit`	$-2.00M	USD	1 Quarter
Cash dividends paid	`PaymentsOfDividends`	$1.37M	USD	1 Quarter
Cash dividends paid	`PaymentsOfDividends`	$1.34M	USD	1 Quarter
Purchase of treasury shares	`PaymentsForRepurchaseOfCommonStock`	-	USD	1 Quarter
Purchase of treasury shares	`PaymentsForRepurchaseOfCommonStock`	$1.00M	USD	1 Quarter
Net cash (used for) provided by financing activities	`NetCashProvidedByUsedInFinancingActivities`	$-3.56M	USD	1 Quarter
Net cash (used for) provided by financing activities	`NetCashProvidedByUsedInFinancingActivities`	$7.30M	USD	1 Quarter
Total decrease for the period	`CashCashEquivalentsRestrictedCashAndRestrictedCashEquivalentsPeriodIncreaseDecreaseIncludingExchangeRateEffect`	$-29.17M	USD	1 Quarter
Total decrease for the period	`CashCashEquivalentsRestrictedCashAndRestrictedCashEquivalentsPeriodIncreaseDecreaseIncludingExchangeRateEffect`	$-9.32M	USD	1 Quarter
Balance at the beginning of the period	`CashCashEquivalentsRestrictedCashAndRestrictedCashEquivalents`	$79.13M	USD	Point-in-time
Balance at the beginning of the period	`CashCashEquivalentsRestrictedCashAndRestrictedCashEquivalents`	$122.89M	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`	$88.45M	USD	Point-in-time
Balance at the end of the period	`CashCashEquivalentsRestrictedCashAndRestrictedCashEquivalents`	$79.13M	USD	Point-in-time
Balance at the end of the period	`CashCashEquivalentsRestrictedCashAndRestrictedCashEquivalents`	$122.89M	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`	$88.45M	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`	$0.19	USD	1 Quarter
Balance, beginning of period	`StockholdersEquity`	$293.84M	USD	Point-in-time
Balance, beginning of period	`StockholdersEquity`	$300.62M	USD	Point-in-time
Balance, beginning of period	`StockholdersEquity`	$309.37M	USD	Point-in-time
Balance, beginning of period	`StockholdersEquity`	$289.39M	USD	Point-in-time
Stock-based compensation	`AdjustmentsToAdditionalPaidInCapitalSharebasedCompensationRequisiteServicePeriodRecognitionValue`	$465.00K	USD	1 Quarter
Stock-based compensation	`AdjustmentsToAdditionalPaidInCapitalSharebasedCompensationRequisiteServicePeriodRecognitionValue`	$1.01M	USD	1 Quarter
Purchase of treasury shares	`TreasuryStockValueAcquiredParValueMethod`	$1.00M	USD	1 Quarter
Conversion of Class B to Class A shares	`StockIssuedDuringPeriodValueConversionOfConvertibleSecurities`	-	USD	1 Quarter
Net income	`NetIncomeLoss`	$8.96M	USD	1 Quarter
Net income	`NetIncomeLoss`	$6.17M	USD	1 Quarter
Cash dividends on Class A and Class B common stock	`DividendsCommonStockCash`	$1.37M	USD	1 Quarter
Cash dividends on Class A and Class B common stock	`DividendsCommonStockCash`	$1.34M	USD	1 Quarter
Reclassification adjustment to net income, net of tax	`ReclassificationFromAccumulatedOtherComprehensiveIncomeCurrentPeriodNetOfTax`	$-143.00K	USD	1 Quarter
Reclassification adjustment to net income, net of tax	`ReclassificationFromAccumulatedOtherComprehensiveIncomeCurrentPeriodNetOfTax`	$-155.00K	USD	1 Quarter
Balance, end of period	`StockholdersEquity`	$293.84M	USD	Point-in-time
Balance, end of period	`StockholdersEquity`	$300.62M	USD	Point-in-time
Balance, end of period	`StockholdersEquity`	$309.37M	USD	Point-in-time
Balance, end of period	`StockholdersEquity`	$289.39M	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`	$-45.00K	USD	1 Quarter
Net income	`NetIncomeLoss`	$8.96M	USD	1 Quarter
Net income	`NetIncomeLoss`	$6.17M	USD	1 Quarter
Reclassification of pension and postretirement adjustments into earnings, tax expense (benefit)	`OtherComprehensiveIncomeLossReclassificationAdjustmentFromAOCIPensionAndOtherPostretirementBenefitPlansForNetGainLossTax`	$-43.00K	USD	1 Quarter
Reclassification of pension and postretirement adjustments into earnings, net of $43 and $45 tax benefit in the three months ended March 31, 2021 and March 31, 2020, respectively.	`OtherComprehensiveIncomeLossReclassificationAdjustmentFromAOCIPensionAndOtherPostretirementBenefitPlansForNetGainLossNetOfTax`	$-143.00K	USD	1 Quarter
Reclassification of pension and postretirement adjustments into earnings, net of $43 and $45 tax benefit in the three months ended March 31, 2021 and March 31, 2020, respectively.	`OtherComprehensiveIncomeLossReclassificationAdjustmentFromAOCIPensionAndOtherPostretirementBenefitPlansForNetGainLossNetOfTax`	$-155.00K	USD	1 Quarter
Total other comprehensive income	`OtherComprehensiveIncomeLossNetOfTax`	$143.00K	USD	1 Quarter
Total other comprehensive income	`OtherComprehensiveIncomeLossNetOfTax`	$155.00K	USD	1 Quarter
Comprehensive income	`ComprehensiveIncomeNetOfTax`	$9.10M	USD	1 Quarter
Comprehensive income	`ComprehensiveIncomeNetOfTax`	$6.32M	USD	1 Quarter

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