NACCO INDUSTRIES INC
For the period ended Dec 31, 2024. Filed Mar 5, 2025.
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FY2024 · Filed Mar 5, 2025
NC$34.95-0.8%Stored close · as of Nov 10, 2026
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Item 8. Consolidated Statements of Cash Flows
CONSOLIDATED STATEMENTS OF CASH FLOWS
| Year Ended December 31 | ||
|---|---|---|
| 2024 | 2023 | |
| (In thousands) | ||
| Operating Activities | ||
| Net income (loss) | $33,741 | $(39,587) |
| Adjustments to reconcile net income to net cash provided by operating activities: | ||
| Depreciation, depletion and amortization | 24,652 | 29,387 |
| Amortization of deferred financing fees | 619 | 505 |
| Deferred income taxes | 1,517 | (21,114) |
| Stock-based compensation | 5,832 | 5,157 |
| (Gain) loss on sale of assets | (5,146) | 221 |
| Inventory impairment charges | 9,643 | 7,514 |
| Long-lived asset impairment charge | — | 65,887 |
| Other | (3,971) | 968 |
| Working capital changes: | ||
| Accounts receivable | (11,725) | 2,519 |
| Inventories | (27,250) | (12,971) |
| Other current assets | (8,677) | (1,904) |
| Accounts payable | 1,955 | 3,148 |
| Income taxes receivable/payable | (148) | 14,996 |
| Other current liabilities | 1,247 | (236) |
| Net cash provided by operating activities | 22,289 | 54,490 |
| Investing Activities | ||
| Expenditures for property, plant and equipment | (54,706) | (45,408) |
| Acquisition of mineral interests | (713) | (36,714) |
| Proceeds from the sale of assets | 822 | 561 |
| Equity method investment | (16,556) | (3,464) |
| Proceeds from the sale of private company equity units | — | 3,574 |
| Other | (139) | (146) |
| Net cash used for investing activities | (71,292) | (81,597) |
| Financing Activities | ||
| Net additions to revolving credit agreement | 60,000 | 10,000 |
| Additions to long-term debt | 624 | 5,232 |
| Reductions to long-term debt | (4,914) | (4,209) |
| Debt issuance costs | (2,415) | — |
| Cash dividends paid | (6,624) | (6,452) |
| Purchase of treasury shares | (9,944) | (3,103) |
| Net cash provided by financing activities | 36,727 | 1,468 |
| Cash and Cash Equivalents | ||
| Total decrease for the year | (12,276) | (25,639) |
| Balance at the beginning of the year | 85,109 | 110,748 |
| Balance at the end of the year | $72,833 | $85,109 |
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