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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(8) Property, Plant, and Equipment, Net
Property, plant, and equipment, net, consisted of the following:
| December 31, | ||
|---|---|---|
| 2024 | 2023 | |
| Plant and mining equipment | $1,024,467 | $890,327 |
| Mine development | 199,419 | 162,285 |
| Land | 33,180 | 32,033 |
| Office equipment, software and other | 5,603 | 5,356 |
| Construction in progress | 39,462 | 57,896 |
| Total property, equipment and mine development costs | $1,302,131 | $1,147,897 |
| Less accumulated depreciation and amortization | (667,260) | (558,905) |
| Total property, plant, and equipment, net | $634,871 | $588,992 |
Included in plant and mining equipment are assets under financing leases totaling $10,963 and $10,964 with accumulated depreciation of $6,529 and $5,015 as of December 31, 2024 and 2023, respectively.
Depreciation and amortization expense associated with property, plant, equipment and non-mineral asset retirement obligation assets, net, was $139,256, $112,925, and $84,542 for the years ended December 31, 2024, 2023, and 2022 respectively.
Depreciation expense for the years ended December 31, 2024, 2023, and 2022 includes a credit of ($3,747), an expense of $7,343, and a credit of ($1,344), respectively, related to revisions to asset retirement obligations. Refer to Note 14 for further disclosures related to asset retirement obligations.
As of December 31, 2024, the Company had unconditional purchase obligations for approximately $22,235 of new equipment purchase commitments expected to be acquired at various dates in 2025.
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