NATURAL RESOURCE PARTNERS LP
For the period ended Sep 30, 2024. Filed Nov 5, 2024.
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A company's report for each of its first three quarters. The financial statements are not audited. It shows how the business has moved since the last annual report, and what management says changed.
Sep 30, 2024 · Filed Nov 5, 2024
NRP$122.68+2.2%Stored close · as of Nov 10, 2026
Extracted filing text, with the paragraph anchors used by the comparison.
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Consolidated Statements of Cash Flows
| For the Nine Months Ended September 30, | ||
|---|---|---|
| (In thousands) | 2024 | 2023 |
| Cash flows from operating activities | ||
| Net income | $140,872 | $213,455 |
| Adjustments to reconcile net income to net cash provided by operating activities: | ||
| Depreciation, depletion and amortization | 12,708 | 12,469 |
| Distributions from unconsolidated investment | 28,114 | 66,140 |
| Equity earnings from unconsolidated investment | (17,204) | (58,633) |
| Gain on asset sales and disposals | (4,809) | (955) |
| Asset impairments | 87 | 132 |
| Bad debt expense | 538 | 813 |
| Unit-based compensation expense | 8,878 | 7,903 |
| Amortization of debt issuance costs and other | (2,603) | 1,043 |
| Change in operating assets and liabilities: | ||
| Accounts receivable | 5,711 | 4,090 |
| Accounts payable | 98 | (850) |
| Accrued liabilities | (5,917) | (6,288) |
| Accrued interest | 192 | 235 |
| Deferred revenue | 16,781 | (4,963) |
| Other items, net | (1,173) | (1,399) |
| Net cash provided by operating activities | $182,273 | $233,192 |
| Cash flows from investing activities | ||
| Proceeds from asset sales and disposals | $4,809 | $961 |
| Return of long-term contract receivable | 1,979 | 1,830 |
| Capital expenditures | — | (10) |
| Net cash provided by investing activities | $6,788 | $2,781 |
| Cash flows from financing activities | ||
| Debt borrowings | $152,850 | $215,034 |
| Debt repayments | (110,696) | (176,061) |
| Distributions to common unitholders and the general partner | (62,159) | (60,238) |
| Distributions to preferred unitholders | (6,398) | (19,919) |
| Redemption of preferred units | (71,666) | (178,334) |
| Warrant settlements (see Note 3) | (65,689) | (33,608) |
| Other items, net | (6,392) | (3,527) |
| Net cash used in financing activities | $(170,150) | $(256,653) |
| Net increase (decrease) in cash and cash equivalents | $18,911 | $(20,680) |
| Cash and cash equivalents at beginning of period | 11,989 | 39,091 |
| Cash and cash equivalents at end of period | $30,900 | $18,411 |
| Supplemental cash flow information: | ||
| Cash paid for interest | $11,466 | $9,484 |
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