Alpha Metallurgical Resources Inc
For the period ended Dec 31, 2024. Filed Feb 28, 2025.
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FY2024 · Filed Feb 28, 2025
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(14) Asset Retirement Obligations
The following table summarizes the changes in asset retirement obligations for the years ended December 31, 2024 and 2023:
| 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 |
| Accretion for the period | 25,050 |
| Sites added during the period | 5,381 |
| Revisions in estimated cash flows (1) | 12,414 |
| Expenditures for the period | (28,526) |
| Total asset retirement obligations at December 31, 2024 | $219,743 |
| Less current portion (2) | (29,938) |
| Long-term portion | $189,805 |
(1)The revisions in estimated cash flows for the years ended December 31, 2024 and 2023 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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