ALLIANCE RESOURCE PARTNERS LP
For the period ended Dec 31, 2025. Filed Feb 26, 2026.
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FY2025 · Filed Feb 26, 2026
ARLP$25.08+1.3%Stored close · as of Nov 10, 2026
Extracted filing text, with the paragraph anchors used by the comparison.
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Item 8. Consolidated Statements of Cash Flows
CONSOLIDATED STATEMENTS OF CASH FLOWS
| | | | | | | | | | | |
|---|---|---|---|---|---|---|---|---|---|---|
| · · Year Ended December 31, · | ||||||||||
| · · 2025 · · 2024 · · 2023 | ||||||||||
| | | | | | | | | | | |
| CASH FLOWS FROM OPERATING ACTIVITIES: | | | | | | | | | | |
| Net income | | $317,250 | | $365,557 | | $636,170 | | |||
| Adjustments to reconcile net income to net cash provided by operating activities: | | | | | | | | | | |
| Depreciation, depletion and amortization | | | 299,436 | | 285,446 | | 267,982 | | ||
| Non-cash compensation expense | | 8,874 | | 10,614 | | 12,864 | | |||
| Coal inventory adjustment to market | | 4,868 | | 24,568 | | 33,296 | | |||
| Net loss (income) on equity method investments | | (20,976) | | 4,961 | | 1,468 | | |||
| Distributions from equity method investments | | | 10,761 | | 2,377 | | | 2,567 | | |
| Net gain on sale of property, plant and equipment | | (1,543) | | (262) | | (3,230) | | |||
| Asset impairment | | — | | 31,130 | | — | | |||
| Change in deferred income tax | | (884) | | (2,185) | | (8,973) | | |||
| Change in fair value of digital assets | | | 4,354 | | (22,395) | | — | | ||
| Other non-cash change in digital assets | | | (11,151) | | (10,358) | | (12,516) | | ||
| Impairment loss on investments | | | 28,037 | | — | | — | | ||
| Other | | 20,276 | | 20,844 | | 10,316 | | |||
| Changes in operating assets and liabilities: | | | | | | | | | | |
| Trade receivables | | 37,241 | | 115,793 | | (41,210) | | |||
| Other receivables | | 8,166 | | (1,201) | | (1,077) | | |||
| Inventories, net | | (20,004) | | (22,243) | | (78,004) | | |||
| Prepaid expenses and other assets | | (10) | | (3,068) | | 4,108 | | |||
| Advance royalties | | (1,222) | | (2,781) | | (3,636) | | |||
| Accounts payable | | (5,620) | | (19,223) | | 17,842 | | |||
| Accrued taxes other than income taxes | | (727) | | 44 | | (1,960) | | |||
| Accrued payroll and related benefits | | 4,297 | | (2,938) | | (9,739) | | |||
| Pneumoconiosis benefits | | 7,207 | | 9,199 | | 3,924 | | |||
| Workers' compensation | | 1,508 | | (105) | | (1,477) | | |||
| Other | | (39,002) | | 19,357 | | (4,484) | | |||
| Total net adjustments | | 333,886 | | 437,574 | | 188,061 | | |||
| Net cash provided by operating activities | | 651,136 | | 803,131 | | 824,231 | | |||
| | | | | | | | | | | |
| CASH FLOWS FROM INVESTING ACTIVITIES: | | | | | | | | | | |
| Property, plant and equipment: | | | | | | | | | | |
| Capital expenditures | | (263,280) | | (428,741) | | (379,338) | | |||
| Change in accounts payable and accrued liabilities | | (10,826) | | 9,142 | | (29,695) | | |||
| Proceeds from sale of property, plant and equipment | | 2,541 | | 1,626 | | 3,710 | | |||
| Contributions to equity method investments | | (25,384) | | (2,896) | | (2,518) | | |||
| Purchase of equity securities | | | (14,925) | | — | | (49,560) | | ||
| Purchase of debt securities | | | (3,037) | | — | | — | | ||
| JC Resources acquisition | | | — | | | — | | | (64,999) | |
| Oil & gas reserve business combinations | | (10,000) | | — | | | (14,459) | | ||
| Oil & gas reserve asset acquisitions | | | (7,837) | | (24,733) | | | (24,225) | | |
| Other | | 1,493 | | 4,938 | | | 7,762 | | ||
| Net cash used in investing activities | | (331,255) | | (440,664) | | (553,322) | | |||
| | | | | | | | | | | |
| CASH FLOWS FROM FINANCING ACTIVITIES: | | | | | | | | | | |
| Borrowings under securitization facility | | | 84,000 | | | 75,000 | | | — | |
| Payments under securitization facility | | | (84,000) | | | (75,000) | | — | | |
| Proceeds from equipment financings | | | — | | | 54,626 | | | — | |
| Payments on equipment financings | | | (12,870) | | | (11,981) | | | (24,970) | |
| Borrowings under revolving credit facilities | | — | | 20,000 | | — | | |||
| Payments under revolving credit facilities | | — | | (20,000) | | — | | |||
| Borrowing under long-term debt | | | — | | 400,000 | | | 75,000 | | |
| Payments on long-term debt | | (14,063) | | (299,842) | | (129,455) | | |||
| Payment of debt issuance costs | | — | | (11,442) | | (12,376) | | |||
| Payments for purchases of units under unit repurchase program | | | — | | — | | | (19,432) | | |
| Payments for purchase of units and tax withholdings related to settlements under deferred compensation plans | | (7,082) | | (15,544) | | (10,334) | | |||
| Cash settlement of grants under deferred compensation plans | | — | | (21,786) | | — | | |||
| Excess purchase price over the contributed basis from JC Resources acquisition | | | — | | — | | (7,251) | | ||
| Cash retained by JC Resources in acquisition | | | — | | — | | (2,933) | | ||
| Distributions paid to Partners | | | (337,178) | | (363,430) | | (364,579) | | ||
| Other | | (14,537) | | (15,919) | | (10,789) | | |||
| Net cash used in financing activities | | (385,730) | | (285,318) | | (507,119) | | |||
| Effect of exchange rate changes on cash and cash equivalents | | | 99 | | | — | | | — | |
| NET CHANGE IN CASH AND CASH EQUIVALENTS | | (65,750) | | 77,149 | | (236,210) | | |||
| CASH AND CASH EQUIVALENTS AT BEGINNING OF PERIOD | | 136,962 | | 59,813 | | 296,023 | | |||
| CASH AND CASH EQUIVALENTS AT END OF PERIOD | | $71,212 | | $136,962 | | $59,813 | | |||
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