HALLADOR ENERGY CO
For the period ended Dec 31, 2024. Filed Mar 17, 2025.
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FY2024 · Filed Mar 17, 2025
HNRG$10.16-4.1%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
| | | | | | | |
|---|---|---|---|---|---|---|
| · 2024 · 2023 | ||||||
| CASH FLOWS FROM OPERATING ACTIVITIES: · · | ||||||
| Net income (loss) | | $(226,138) | | $44,793 | ||
| Adjustments to reconcile net income to net cash provided by operating activities: | | | | |||
| Deferred income tax (benefit) | | (9,235) | | 4,629 | ||
| Equity method investment (loss) | | 746 | | 552 | ||
| Cash distribution - equity method investment | | — | | 625 | ||
| Depreciation, depletion and amortization | | 65,626 | | 67,211 | ||
| Asset impairment | | | 215,136 | | | — |
| Loss on extinguishment of debt | | 2,790 | | 1,491 | ||
| (Gain) loss on disposal or abandonment of assets, net | | (50) | | 398 | ||
| Amortization of debt issuance costs | | 1,747 | | 3,233 | ||
| Asset retirement obligations accretion | | 1,628 | | 1,804 | ||
| Cash paid on asset retirement obligation reclamation | | (1,407) | | (3,384) | ||
| Stock-based compensation | | 4,454 | | 3,554 | ||
| Amortization of contract asset and contract liabilities | | (70,203) | | (97,018) | ||
| Director fees paid in stock | | | 150 | | | — |
| Change in current assets and liabilities: | | | | |||
| Accounts receivable | | 4,499 | | 9,952 | ||
| Inventory | | (13,610) | | 15,548 | ||
| Parts and supplies | | (227) | | (10,582) | ||
| Prepaid expenses | | 784 | | 1,186 | ||
| Accounts payable and accrued liabilities | | (14,580) | | (18,992) | ||
| Contract liabilities | | 103,181 | | 33,804 | ||
| Other | | 643 | | 610 | ||
| Net cash provided by operating activities | | $65,934 | | $59,414 | ||
(continued)
| | | | | | | |
|---|---|---|---|---|---|---|
| · 2024 · 2023 | ||||||
| CASH FLOWS FROM INVESTING ACTIVITIES: · · | ||||||
| Capital expenditures | | $(53,367) | | $(75,352) | ||
| Proceeds from sale of equipment | | 4,239 | | 62 | ||
| Proceeds from held-for-sale assets | | | 3,200 | | | — |
| Investment in equity method investments | | | (542) | | | — |
| Net cash used in investing activities | | (46,470) | | (75,290) | ||
| | | | | | | |
| CASH FLOWS FROM FINANCING ACTIVITIES: | | | ||||
| Payments on bank debt | | (147,000) | | (59,713) | ||
| Borrowings of bank debt | | 99,500 | | 66,000 | ||
| Payments on lease financing | | | (5,633) | | | — |
| Proceeds from sale and leaseback arrangement | | 5,134 | | 11,082 | ||
| Issuance of related party notes payable | | 5,000 | | — | ||
| Payments on related party notes payable | | (5,000) | | — | ||
| Debt issuance costs | | (673) | | (6,013) | ||
| ATM offering | | 34,515 | | 7,318 | ||
| Taxes paid on vesting of RSUs | | (277) | | (2,101) | ||
| Net cash provided by (used in) financing activities | | (14,434) | | 16,573 | ||
| Increase in cash, cash equivalents, and restricted cash | | 5,030 | | 697 | ||
| Cash, cash equivalents, and restricted cash, beginning of year | | 7,123 | | 6,426 | ||
| Cash, cash equivalents, and restricted cash, end of year | | $12,153 | | $7,123 | ||
| | | | | | | |
| CASH, CASH EQUIVALENTS, AND RESTRICTED CASH: | | | ||||
| Cash and cash equivalents | | $7,232 | | $2,842 | ||
| Restricted cash | | 4,921 | | 4,281 | ||
| | | $12,153 | | $7,123 | ||
| | | | | | | |
| SUPPLEMENTAL CASH FLOW INFORMATION: | | | ||||
| Cash paid for interest | | $10,511 | | $9,966 | ||
| | | | | | | |
| SUPPLEMENTAL NON-CASH FLOW INFORMATION: | | | | |||
| Change in capital expenditures included in accounts payable and prepaid expense | | $356 | | $1,882 | ||
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