Alpha Metallurgical Resources Inc
For the period ended Dec 31, 2023. Filed Feb 26, 2024.
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FY2023 · Filed Feb 26, 2024
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(15) Asset Retirement Obligations
The following table summarizes the changes in asset retirement obligations for the years ended December 31, 2023 and 2022:
| Total asset retirement obligations at December 31, 2021 | $164,172 |
|---|---|
| Accretion for the period | 23,765 |
| Sites added during the period | 9,602 |
| Revisions in estimated cash flows | 304 |
| Expenditures for the period | (18,832) |
| Total asset retirement obligations at December 31, 2022 | $179,011 |
| Accretion for the period | 25,500 |
| Sites added during the period | 204 |
| Revisions in estimated cash flows (1) | 20,946 |
| Expenditures for the period | (20,237) |
| Total asset retirement obligations at December 31, 2023 | $205,424 |
| Less current portion (2) | (38,915) |
| Long-term portion | $166,509 |
(1)The revisions in estimated cash flows resulted primarily from a decrease in the discount rate and changes in mine plans.
(2)Included within Accrued expenses and other current liabilities on the Company’s Consolidated Balance Sheets. Refer to Note 12.
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