NACCO INDUSTRIES INC
For the period ended Dec 31, 2023. Filed Mar 6, 2024.
View on SEC.govAbout this filing
A company's yearly report to the SEC, with audited financial statements. It is the fullest account a company gives of its business, its finances and the risks it sees.
FY2023 · Filed Mar 6, 2024
NC$34.95-0.8%Stored close · as of Nov 10, 2026
Extracted filing text, with the paragraph anchors used by the comparison.
See the whole filing, with its images and exhibitsContents
Item 8. Consolidated Statements of Cash Flows
CONSOLIDATED STATEMENTS OF CASH FLOWS
| Year Ended December 31 | ||
|---|---|---|
| 2023 | 2022 | |
| (In thousands) | ||
| Operating Activities | ||
| Net (loss) income | $(39,587) | $74,158 |
| Adjustments to reconcile net income to net cash provided by operating activities: | ||
| Depreciation, depletion and amortization | 29,387 | 26,816 |
| Amortization of deferred financing fees | 505 | 446 |
| Deferred income taxes | (21,114) | (8,471) |
| Stock-based compensation | 5,157 | 7,541 |
| Loss (gain) on sale of assets | 221 | (2,463) |
| Inventory impairment charge | 7,514 | — |
| Other contract termination settlements | — | (15,552) |
| Long-lived asset impairment charge | 65,887 | 3,939 |
| Other | 968 | (791) |
| Working capital changes: | ||
| Affiliates receivable/payable | (55) | — |
| Accounts receivable | 2,519 | (13,224) |
| Inventories | (12,971) | (6,834) |
| Other current assets | (1,849) | 1,308 |
| Accounts payable | 3,148 | 252 |
| Income taxes receivable/payable | 14,996 | (416) |
| Other current liabilities | (236) | 1,026 |
| Net cash provided by operating activities | 54,490 | 67,735 |
| Investing Activities | ||
| Expenditures for property, plant and equipment | (45,408) | (42,523) |
| Acquisition of mineral interests | (36,714) | (11,924) |
| Proceeds from the sale of assets | 561 | 2,837 |
| Equity method investment | (3,464) | — |
| Proceeds from the sale of private company equity units | 3,574 | 18,628 |
| Other | (146) | (170) |
| Net cash used for investing activities | (81,597) | (33,152) |
| Financing Activities | ||
| Net additions (reductions) to revolving credit agreement | 10,000 | (4,000) |
| Additions to long-term debt | 5,232 | 3,091 |
| Reductions to long-term debt | (4,209) | (2,919) |
| Cash dividends paid | (6,452) | (6,012) |
| Purchase of treasury shares | (3,103) | — |
| Net cash provided by (used for) financing activities | 1,468 | (9,840) |
| Cash and Cash Equivalents | ||
| Total (decrease) increase for the year | (25,639) | 24,743 |
| Balance at the beginning of the year | 110,748 | 86,005 |
| Balance at the end of the year | $85,109 | $110,748 |
The text of this filing, as the company filed it with the SEC, without its images or exhibits. This is not investment advice.