Document And Entity Information
Document And Entity Information - USD ($) | 12 Months Ended | ||
Dec. 31, 2020 | Jan. 29, 2021 | Jun. 30, 2020 | |
Document Information [Line Items] | |||
Entity Central Index Key | 0001710366 | ||
Entity Registrant Name | CONSOL Energy Inc | ||
Amendment Flag | false | ||
Current Fiscal Year End Date | --12-31 | ||
Document Fiscal Period Focus | FY | ||
Document Fiscal Year Focus | 2020 | ||
Document Type | 10-K | ||
Document Annual Report | true | ||
Document Period End Date | Dec. 31, 2020 | ||
Document Transition Report | false | ||
Entity File Number | 001-38147 | ||
Entity Incorporation, State or Country Code | DE | ||
Entity Tax Identification Number | 82-1954058 | ||
Entity Address, Address Line One | 1000 CONSOL Energy Drive, Suite 100 | ||
Entity Address, City or Town | Canonsburg | ||
Entity Address, State or Province | PA | ||
Entity Address, Postal Zip Code | 15317-6506 | ||
City Area Code | 724 | ||
Local Phone Number | 416-8300 | ||
Title of 12(b) Security | Common Stock ($0.01 par value) | ||
Trading Symbol | CEIX | ||
Security Exchange Name | NYSE | ||
Entity Well-known Seasoned Issuer | No | ||
Entity Voluntary Filers | No | ||
Entity Current Reporting Status | Yes | ||
Entity Interactive Data Current | Yes | ||
Entity Filer Category | Accelerated Filer | ||
Entity Small Business | true | ||
Entity Emerging Growth Company | false | ||
Entity Shell Company | false | ||
Entity Public Float | $ 133,696,610 | ||
Entity Common Stock, Shares Outstanding | 34,031,374 |
Consolidated Statements of Inco
Consolidated Statements of Income - USD ($) $ in Thousands | 12 Months Ended | |||
Dec. 31, 2020 | Dec. 31, 2019 | Dec. 31, 2018 | ||
Revenue | $ 879,462 | $ 1,375,559 | $ 1,472,790 | |
Other Income not Allocated to Segments (Note 4) | 126,886 | 53,349 | 58,660 | |
Gain on Sale of Assets | 15,295 | 1,995 | 565 | |
Total Revenue and Other Income | 1,021,643 | 1,430,903 | 1,532,015 | |
Costs and Expenses: | ||||
Operating and Other Costs | 667,595 | 948,012 | 946,450 | |
Depreciation, Depletion and Amortization | 210,760 | 207,097 | 201,264 | |
Freight Expense | 39,990 | 19,667 | 43,572 | |
Selling, General and Administrative Costs | 72,706 | 67,111 | 65,346 | |
(Gain) Loss on Debt Extinguishment | (21,352) | 24,455 | 3,922 | |
Interest Expense, net | 61,186 | 66,464 | 83,848 | |
Total Costs and Expenses | 1,030,885 | 1,332,806 | 1,344,402 | |
(Loss) Earnings Before Income Tax | (9,242) | 98,097 | 187,613 | |
Income Tax Expense (Note 6) | 3,972 | 4,539 | 8,828 | |
Net (Loss) Income | (13,214) | 93,558 | 178,785 | |
Less: Net (Loss) Income Attributable to Noncontrolling Interest | (3,459) | 17,557 | 25,809 | |
Net (Loss) Income Attributable to CONSOL Energy Inc. Shareholders | $ (9,755) | $ 76,001 | $ 152,976 | |
(Loss) Earnings per Share: | ||||
Total Basic (Loss) Earnings per Share (in dollars per share) | $ (0.37) | $ 2.82 | $ 5.48 | |
Total Dilutive (Loss) Earnings per Share (in dollars per share) | $ (0.37) | $ 2.81 | $ 5.38 | |
Coal Revenue [Member] | ||||
Revenue | [1] | $ 772,662 | $ 1,288,529 | $ 1,364,292 |
Terminal Revenue [Member] | ||||
Revenue | 66,810 | 67,363 | 64,926 | |
Freight Revenue [Member] | ||||
Revenue | $ 39,990 | $ 19,667 | $ 43,572 | |
[1] | For the years ended December 31, 2020, 2019 and 2018 , the PAMC segment had revenues from the following customers, each comprising over 10% of the Company's total sales: For the Years Ended December 31, 2020 2019 2018 Customer A $ 134,354 $ 242,703 $ 283,703 Customer B $ 173,461 $ 446,403 $ 274,755 Customer C $ 116,536 $ 215,099 $ 214,152 |
Consolidated Statements of Comp
Consolidated Statements of Comprehensive Income - USD ($) $ in Thousands | 12 Months Ended | ||
Dec. 31, 2020 | Dec. 31, 2019 | Dec. 31, 2018 | |
Net (Loss) Income | $ (13,214) | $ 93,558 | $ 178,785 |
Other Comprehensive Income (Loss): | |||
Amortization of Prior Service Credits (net of tax: $619, $697, $662) | (1,786) | (2,075) | (2,246) |
Recognized Net Actuarial Loss (net of tax: $(5,596), $(3,958), $(5,590)) | 16,161 | 11,773 | 18,960 |
Other Comprehensive (Loss) Gain before Reclassifications (net of tax: $109, $11,690, $(14,986)) | (145) | (34,830) | 49,627 |
Unrecognized Loss on Derivatives: | |||
Other Comprehensive Income (Loss), Cash Flow Hedge, Gain (Loss), after Reclassification and Tax, Total | (2,004) | (117) | 0 |
Other Comprehensive Income (Loss) | 12,226 | (25,249) | 66,341 |
Comprehensive (Loss) Income | (988) | 68,309 | 245,126 |
Less: Comprehensive (Loss) Income Attributable to Noncontrolling Interest | (3,400) | 17,551 | 25,803 |
Comprehensive Income Attributable to CONSOL Energy Inc. Shareholders | $ 2,412 | $ 50,758 | $ 219,323 |
Consolidated Statements of Co_2
Consolidated Statements of Comprehensive Income (Parentheticals) - USD ($) $ in Thousands | 12 Months Ended | ||
Dec. 31, 2020 | Dec. 31, 2019 | Dec. 31, 2018 | |
Amortization of Prior Service Credits, Tax | $ 619 | $ 697 | $ 662 |
Net Actuarial Loss, Tax | (5,596) | (3,958) | (5,590) |
Other Comprehensive (Loss) Gain before Reclassifications, tax | 109 | 11,690 | (14,986) |
Unrealized Loss on Cash Flow Hedges, Tax | $ 674 | $ 37 | $ 0 |
Consolidated Balance Sheets
Consolidated Balance Sheets - USD ($) $ in Thousands | Dec. 31, 2020 | Dec. 31, 2019 |
Current Assets: | ||
Cash and Cash Equivalents | $ 50,850 | $ 80,293 |
Accounts and Notes Receivable | ||
Trade Receivables, net | 118,289 | 131,688 |
Other Receivables, net | 42,157 | 40,984 |
Inventories (Note 9) | 56,200 | 54,131 |
Prepaid Expenses and Other Assets | 25,445 | 30,933 |
Total Current Assets | 292,941 | 338,029 |
Property, Plant and Equipment (Note 10): | ||
Property, Plant and Equipment | 5,143,696 | 5,008,180 |
Less—Accumulated Depreciation, Depletion and Amortization | 3,094,634 | 2,916,015 |
Total Property, Plant and Equipment—Net | 2,049,062 | 2,092,165 |
Other Assets: | ||
Deferred Income Taxes (Note 6) | 68,821 | 103,505 |
Right of Use Asset - Operating Leases (Note 14) | 53,436 | 72,632 |
Other, net | 59,106 | 87,471 |
Total Other Assets | 181,363 | 263,608 |
TOTAL ASSETS | 2,523,366 | 2,693,802 |
Current Liabilities: | ||
Accounts Payable | 71,229 | 106,223 |
Current Portion of Long-Term Debt (Note 13 and Note 14) | 53,846 | 50,272 |
Other Accrued Liabilities (Note 12) | 243,395 | 235,769 |
Total Current Liabilities | 368,470 | 392,264 |
Long-Term Debt: | ||
Long-Term Debt (Note 13) | 566,858 | 653,802 |
Finance Lease Obligations (Note 14) | 36,203 | 9,036 |
Total Long-Term Debt | 603,061 | 662,838 |
Deferred Credits and Other Liabilities: | ||
Postretirement Benefits Other Than Pensions (Note 15) | 387,637 | 432,496 |
Pneumoconiosis Benefits (Note 16) | 229,720 | 202,142 |
Asset Retirement Obligations (Note 8) | 228,182 | 250,211 |
Workers’ Compensation (Note 16) | 64,390 | 61,194 |
Salary Retirement (Note 15) | 35,359 | 49,930 |
Operating Lease Liability (Note 14) | 35,655 | 55,413 |
Other | 17,373 | 14,919 |
Total Deferred Credits and Other Liabilities | 998,316 | 1,066,305 |
TOTAL LIABILITIES | 1,969,847 | 2,121,407 |
Stockholders’ Equity: | ||
Common Stock, $0.01 Par Value; 62,500,000 Shares Authorized, 34,031,374 Shares Issued and Outstanding at December 31, 2020; 25,932,618 Shares Issued and Outstanding at December 31, 2019 | 340 | 259 |
Capital in Excess of Par Value | 642,887 | 523,762 |
Retained Earnings | 246,850 | 259,903 |
Accumulated Other Comprehensive Loss | (336,558) | (348,725) |
Total CONSOL Energy Inc. Stockholders’ Equity | 553,519 | 435,199 |
Noncontrolling Interest | 0 | 137,196 |
TOTAL EQUITY | 553,519 | 572,395 |
TOTAL LIABILITIES AND EQUITY | $ 2,523,366 | $ 2,693,802 |
Consolidated Balance Sheets (Pa
Consolidated Balance Sheets (Parentheticals) - $ / shares | Dec. 31, 2020 | Dec. 31, 2019 |
Common stock, par value (in dollars per share) | $ 0.01 | $ 0.01 |
Common stock shares authorized (in shares) | 62,500,000 | 62,500,000 |
Common stock shares issued (in shares) | 34,031,374 | 25,932,618 |
Common stock shares outstanding (in shares) | 34,031,374 | 25,932,618 |
Consolidated Statements of Stoc
Consolidated Statements of Stockholders' Equity - USD ($) $ in Thousands | CONSOL Coal Resources L P [Member]Common Stock [Member] | CONSOL Coal Resources L P [Member]Additional Paid-in Capital [Member] | CONSOL Coal Resources L P [Member]Retained Earnings [Member] | CONSOL Coal Resources L P [Member]AOCI Attributable to Parent [Member] | CONSOL Coal Resources L P [Member]Parent [Member] | CONSOL Coal Resources L P [Member]Noncontrolling Interest [Member] | CONSOL Coal Resources L P [Member] | Cumulative Effect, Period of Adoption, Adjustment [Member]Common Stock [Member] | Cumulative Effect, Period of Adoption, Adjustment [Member]Additional Paid-in Capital [Member] | Cumulative Effect, Period of Adoption, Adjustment [Member]Retained Earnings [Member] | Cumulative Effect, Period of Adoption, Adjustment [Member]AOCI Attributable to Parent [Member] | Cumulative Effect, Period of Adoption, Adjustment [Member]Parent [Member] | Cumulative Effect, Period of Adoption, Adjustment [Member]Noncontrolling Interest [Member] | Cumulative Effect, Period of Adoption, Adjustment [Member] | Common Stock [Member] | Additional Paid-in Capital [Member] | Retained Earnings [Member] | AOCI Attributable to Parent [Member] | Parent [Member] | Noncontrolling Interest [Member] | Total |
Balance at Dec. 31, 2017 | $ 280 | $ 552,793 | $ (43,713) | $ (305,100) | $ 204,260 | $ 139,381 | $ 343,641 | ||||||||||||||
Net Income (Loss) | 0 | 0 | 152,976 | 0 | 152,976 | 25,809 | 178,785 | ||||||||||||||
Actuarially Determined Long-Term Liability Adjustments, Net of Tax | 0 | 0 | 0 | 66,347 | 66,347 | (6) | 66,341 | ||||||||||||||
Comprehensive Income (Loss) | 0 | 0 | 152,976 | 66,347 | 219,323 | 25,803 | 245,126 | ||||||||||||||
Separation Adjustments | 0 | 7,216 | 0 | 0 | 7,216 | 0 | 7,216 | ||||||||||||||
Issuance of Common Stock | 1 | 0 | 0 | 0 | 0 | 0 | |||||||||||||||
Issuance of Common Stock | (1) | ||||||||||||||||||||
Repurchases of Common Stock | (7) | (13,988) | (11,844) | 0 | (25,839) | 0 | (25,839) | ||||||||||||||
Repurchases of Common Stock | $ 0 | $ (905) | $ 0 | $ 0 | $ (905) | $ (2,174) | $ (3,079) | ||||||||||||||
Reclassification of Stranded Tax Effect of Change in Tax Law | 0 | 0 | 84,729 | (84,729) | 0 | 0 | 0 | ||||||||||||||
Amortization of Stock-Based Compensation Awards | 0 | 8,392 | 0 | 0 | 8,392 | 10,235 | |||||||||||||||
Amortization of Stock-Based Compensation Awards | 1,843 | ||||||||||||||||||||
Shares/Units Withheld for Taxes | 0 | (2,512) | 0 | 0 | (2,512) | (912) | (3,424) | ||||||||||||||
Distributions to Noncontrolling Interest | 0 | 0 | 0 | 0 | 0 | (22,265) | (22,265) | ||||||||||||||
Interest Rate Hedge | 0 | ||||||||||||||||||||
Repurchases of Common Stock | (7) | (13,988) | (11,844) | 0 | (25,839) | 0 | (25,839) | ||||||||||||||
Balance at Dec. 31, 2018 | 274 | 550,995 | 182,148 | (323,482) | 409,935 | 141,676 | 551,611 | ||||||||||||||
Net Income (Loss) | 0 | 0 | 76,001 | 0 | 76,001 | 17,557 | 93,558 | ||||||||||||||
Actuarially Determined Long-Term Liability Adjustments, Net of Tax | 0 | 0 | 0 | (25,126) | (25,126) | (6) | (25,132) | ||||||||||||||
Comprehensive Income (Loss) | 0 | 0 | 76,001 | (25,243) | 50,758 | 17,551 | 68,309 | ||||||||||||||
Issuance of Common Stock | 2 | 0 | 0 | 0 | 0 | 0 | |||||||||||||||
Issuance of Common Stock | (2) | ||||||||||||||||||||
Repurchases of Common Stock | (17) | (34,470) | 0 | (32,733) | 0 | (32,733) | |||||||||||||||
Repurchases of Common Stock | 0 | (29) | 0 | 0 | (29) | (340) | (369) | ||||||||||||||
Amortization of Stock-Based Compensation Awards | 0 | 11,351 | 0 | 0 | 11,351 | 12,760 | |||||||||||||||
Amortization of Stock-Based Compensation Awards | 1,409 | ||||||||||||||||||||
Shares/Units Withheld for Taxes | 0 | (4,083) | 0 | 0 | (4,083) | (880) | (4,963) | ||||||||||||||
Distributions to Noncontrolling Interest | 0 | 0 | 0 | 0 | 0 | (22,220) | (22,220) | ||||||||||||||
Interest Rate Hedge | 0 | 0 | 0 | (117) | (117) | 0 | (117) | ||||||||||||||
Repurchases of Common Stock | (17) | (34,470) | 0 | (32,733) | 0 | (32,733) | |||||||||||||||
Repurchases of Common Stock | 1,754 | ||||||||||||||||||||
Balance at Dec. 31, 2019 | $ 0 | $ 0 | $ (3,298) | $ 0 | $ (3,298) | $ 0 | $ (3,298) | 259 | 523,762 | 259,903 | (348,725) | 435,199 | 137,196 | 572,395 | |||||||
Net Income (Loss) | 0 | 0 | (9,755) | 0 | (9,755) | (3,459) | (13,214) | ||||||||||||||
Actuarially Determined Long-Term Liability Adjustments, Net of Tax | 0 | 0 | 0 | 14,171 | 14,171 | 59 | 14,230 | ||||||||||||||
Comprehensive Income (Loss) | 0 | 0 | (9,755) | 12,167 | 2,412 | (3,400) | (988) | ||||||||||||||
Issuance of Common Stock | 2 | 0 | 0 | 0 | 0 | 0 | |||||||||||||||
Issuance of Common Stock | (2) | ||||||||||||||||||||
Amortization of Stock-Based Compensation Awards | 0 | 11,161 | 0 | 0 | 11,161 | 11,579 | |||||||||||||||
Amortization of Stock-Based Compensation Awards | 418 | ||||||||||||||||||||
Shares/Units Withheld for Taxes | 0 | (646) | 0 | 0 | (646) | (217) | (863) | ||||||||||||||
Distributions to Noncontrolling Interest | 0 | 0 | 0 | 0 | 0 | (5,575) | (5,575) | ||||||||||||||
Interest Rate Hedge | 0 | 0 | 0 | (2,004) | (2,004) | 0 | (2,004) | ||||||||||||||
CCR Merger | $ 79 | $ 108,612 | $ 0 | $ 0 | $ 108,691 | $ (128,422) | $ (19,731) | ||||||||||||||
Balance at Dec. 31, 2020 | $ 340 | $ 642,887 | $ 246,850 | $ (336,558) | $ 553,519 | $ 0 | $ 553,519 |
Consolidated Statements of St_2
Consolidated Statements of Stockholders' Equity (Parentheticals) - USD ($) $ in Thousands | 12 Months Ended | |||
Dec. 31, 2020 | Dec. 31, 2019 | Dec. 31, 2018 | ||
CONSOL Coal Resources L P [Member] | ||||
Shares repurchased (in shares) | 26,297 | 167,958 | ||
Shares repurchased (in shares) | 26,297 | 167,958 | ||
Cumulative Effect, Period of Adoption, Adjustment [Member] | Accounting Standards Update 2016-13 [Member] | ||||
Cumulative Change in Accounting Principle, Tax | $ 1,109 | |||
Actuarially Determined Long-Term Liability Adjustments, Tax | $ 4,868 | $ 8,429 | $ 19,914 | |
Shares repurchased (in shares) | [1] | 0 | 1,717,497 | 708,245 |
Unrealized Loss on Cash Flow Hedges, Tax | $ 674 | $ 37 | $ 0 | |
[1] | See Note 5 - Stock, Unit and Debt Repurchases for additional information. |
Consolidated Statements of Cash
Consolidated Statements of Cash Flows - USD ($) $ in Thousands | 12 Months Ended | ||
Dec. 31, 2020 | Dec. 31, 2019 | Dec. 31, 2018 | |
Cash Flows from Operating Activities: | |||
Net (Loss) Income | $ (13,214) | $ 93,558 | $ 178,785 |
Adjustments to Reconcile Net (Loss) Income to Net Cash Provided by Operating Activities: | |||
Depreciation, Depletion and Amortization | 210,760 | 207,097 | 201,264 |
Stock/Unit-Based Compensation | 11,579 | 12,760 | 10,235 |
Gain on Sale of Assets | (15,295) | (1,995) | (565) |
Amortization of Debt Issuance Costs | 7,447 | 6,416 | 8,858 |
(Gain) Loss on Debt Extinguishment | (21,352) | 24,455 | 3,922 |
Deferred Income Taxes | 11,685 | (17,419) | (16,482) |
Equity in Earnings of Affiliates | 1,251 | 0 | 0 |
Changes in Operating Assets: | |||
Trade and Other Receivables | 11,130 | (38,960) | 39,157 |
Inventories | (2,069) | (5,485) | 4,774 |
Prepaid Expenses and Other Assets | 7,574 | 497 | (7,307) |
Changes in Other Assets | (21,058) | 17,302 | 15,583 |
Changes in Operating Liabilities: | |||
Accounts Payable | (30,759) | (21,714) | 37,488 |
Other Operating Liabilities | (2,915) | (7,884) | (38,659) |
Changes in Other Liabilities | (25,433) | (24,062) | (23,528) |
Net Cash Provided by Operating Activities | 129,331 | 244,566 | 413,525 |
Cash Flows from Investing Activities: | |||
Capital Expenditures | (86,004) | (169,739) | (145,749) |
Proceeds from Sales of Assets | 9,899 | 2,201 | 2,103 |
Other Investing Activity | (229) | (5,003) | (10,000) |
Net Cash Used in Investing Activities | (76,334) | (172,541) | (153,646) |
Cash Flows from Financing Activities: | |||
Proceeds from Finance Lease Obligations | 19,314 | 0 | 0 |
Payments on Finance Lease Obligations | (28,295) | (18,549) | (15,484) |
Distributions to Noncontrolling Interest | (5,575) | (22,220) | (22,265) |
Shares/Units Withheld for Taxes | (863) | (4,963) | (3,424) |
Repurchases of Common Stock | 0 | (32,733) | (25,839) |
Spin Distribution to CNX Resources Corporation | 0 | 0 | (18,234) |
Debt Issuance and Financing Fees | (9,002) | (12,492) | (2,166) |
Net Cash Used in Financing Activities | (82,440) | (256,667) | (148,923) |
Net (Decrease) Increase in Cash and Cash Equivalents and Restricted Cash | (29,443) | (184,642) | 110,956 |
Cash and Cash Equivalents and Restricted Cash at Beginning of Period | 80,293 | 264,935 | 153,979 |
Cash and Cash Equivalents and Restricted Cash at End of Period | 50,850 | 80,293 | 264,935 |
CONSOL Coal Resources L P [Member] | |||
Cash Flows from Financing Activities: | |||
Repurchases of Common Stock | 0 | (369) | (3,079) |
Term Loan A Facility [Member] | |||
Cash Flows from Financing Activities: | |||
Proceeds from Debt | 0 | 26,250 | 0 |
Payments on Debt | (22,500) | (11,250) | (26,250) |
Term Loan B Facility [Member] | |||
Cash Flows from Financing Activities: | |||
Payments on Debt | (2,750) | (124,437) | (4,000) |
Senior Secured Second Lien Notes due 2025 [Member] | |||
Cash Flows from Financing Activities: | |||
Payments on Debt | (32,064) | (59,421) | (28,182) |
Other Asset Backed Financing [Member] | |||
Cash Flows from Financing Activities: | |||
Proceeds from Debt | 0 | 3,757 | 0 |
Payments on Debt | $ (705) | $ (240) | $ 0 |
Note 1 - Significant Accounting
Note 1 - Significant Accounting Policies | 12 Months Ended |
Dec. 31, 2020 | |
Notes to Financial Statements | |
Significant Accounting Policies [Text Block] | NOTE 1 SIGNIFICANT ACCOUNTING POLICIES: A summary of the significant accounting policies of CONSOL Energy Inc. and its subsidiaries (“we,” “our,” “us,” “our Company,” “the Company” and “CONSOL Energy”) is presented below. These, together with the other notes that follow, are an integral part of the Consolidated Financial Statements. Basis of Consolidation The Consolidated Financial Statements include the accounts of CONSOL Energy Inc. and its wholly-owned and majority-owned and/or controlled subsidiaries. The portion of these entities that is not Use of Estimates The preparation of financial statements in conformity with accounting principles generally accepted in the United States of America requires management to make estimates and assumptions that affect the reported amounts of assets, liabilities, revenues and expenses, as well as various disclosures. Actual results could differ from those estimates. The most significant estimates included in the preparation of the consolidated financial statements are related to other postretirement benefits, coal workers' pneumoconiosis, workers' compensation, salary retirement benefits, stock-based compensation, asset retirement obligations, deferred income tax assets and liabilities, contingencies and the values of coal properties. Cash and Cash Equivalents Cash and cash equivalents include cash on hand and on deposit at banking institutions as well as all highly liquid short-term securities with original maturities of three Restricted Cash Restricted cash represents cash collateral supporting the Company's surety bond portfolio and letters of credit issued under the Company's accounts receivable securitization program. As of December 31, 2020 2019, no Trade Receivables and Allowance for Credit Losses Trade receivables are recorded at the invoiced amount and do not 7 no one December 31, 2020 2019 Inventories Inventories are stated at the lower of cost or net realizable value. The cost of coal inventories is determined by the first first Property, Plant and Equipment Property, plant and equipment is recorded at cost upon acquisition. Expenditures which extend the useful lives of existing plant and equipment are capitalized. Interest costs applicable to major asset additions are capitalized during the construction period. Costs of additional mine facilities required to maintain production after a mine reaches the production stage, generally referred to as “receding face costs,” are expensed as incurred; however, the costs of additional airshafts and new portals are capitalized. Planned major maintenance costs which do not Coal exploration costs are expensed as incurred. Coal exploration costs include those incurred to ascertain existence, location, extent or quality of ore or minerals before beginning the development stage of the mine. Costs of developing new underground mines and certain underground expansion projects are capitalized. Underground development costs, which are costs incurred to make the mineral physically accessible, include costs to prepare property for shafts, driving main entries for ventilation, haulage, personnel, construction of airshafts, roof protection and other facilities. Airshafts and capitalized mine development associated with a coal reserve are amortized on a units-of-production basis as the coal is produced so that each ton of coal is assigned a portion of the unamortized costs. The Company employs this method to match costs with the related revenues realized in a particular period. Rates are updated when revisions to coal reserve estimates are made. Coal reserve estimates are reviewed when information becomes available that indicates a reserve change is needed, or at a minimum once a year. Any material effect from changes in estimates is disclosed in the period the change occurs. Amortization of development costs begins when the development phase is complete and the production phase begins. At an underground mine, the end of the development phase and the beginning of the production phase takes place when construction of the mine for economic extraction is substantially complete. Coal extracted during the development phase is incidental to the mine’s production capacity and is not Coal reserves are either owned in fee or controlled by lease. The duration of the leases vary; however, the lease terms are generally extended automatically to the exhaustion of economically recoverable reserves, as long as active mining continues. Coal interests held by lease provide the same rights as fee ownership for mineral extraction and are legally considered real property interests. Depletion of leased coal interests is computed using the units-of-production method over recoverable coal reserves. The Company also makes advance payments (advanced mining royalties) to lessors under certain lease agreements that are recoupable against future production, and it makes payments that are generally based upon a specified rate per ton or a percentage of gross realization from the sale of the coal. The Company evaluates its properties for impairment issues whenever events or circumstances indicate that the carrying amount may not Costs to obtain coal lands are capitalized based on the cost at acquisition and are amortized using the units-of-production method over all estimated recoverable reserve tons assigned and accessible to the mine. Recoverable coal reserves are estimated on a clean coal ton equivalent, which excludes non-recoverable coal reserves and anticipated central preparation plant processing refuse. Rates are updated when revisions to coal reserve estimates are made. Coal reserve estimates are reviewed when events and circumstances indicate a reserve change is needed, or at a minimum once a year. Amortization of coal interests begins when the coal reserve is produced. At an underground mine, a ton is considered produced once it reaches the surface area of the mine. Any material effect from changes in estimates is disclosed in the period the change occurs. Advance mining royalties are advance payments made to lessors under terms of mineral lease agreements that are recoupable against future production using the units-of-production method. Depletion of leased coal interests is computed using the units-of-production method over recoverable coal reserves. Advance mining royalties and leased coal interests are evaluated for impairment issues whenever events or changes in circumstances indicate that the carrying amount may not When properties are retired or otherwise disposed, the related cost and accumulated depreciation are removed from the respective accounts and any profit or loss on disposition is recognized in Gain on Sale of Assets in the Consolidated Statements of Income. Depreciation of plant and equipment is calculated using the straight-line method over the estimated useful lives or lease terms, generally as follows: Years Buildings and improvements 10 to 45 Machinery and equipment 3 to 25 Leasehold improvements Life of Lease Capitalization of Interest Interest costs associated with the development of significant properties and projects are capitalized until the project is substantially complete and ready for its intended use. A weighted average cost of borrowing rate is used. For the years ended December 31, 2020, 2019 2018 Impairment of Long-lived Assets Impairment of long-lived assets is recorded when indicators of impairment are present and the undiscounted cash flows estimated to be generated by those assets are less than the assets' carrying value. The carrying value of the assets is then reduced to its estimated fair value which is usually measured based on an estimate of future discounted cash flows. There were no no December 31, 2020, 2019 2018 Income Taxes The Company files a consolidated federal income tax return and utilizes the asset and liability method to account for income taxes. The provision for income taxes represents amounts paid or estimated to be payable, net of amounts refunded or estimated to be refunded, for the current year and the change in deferred taxes, exclusive of amounts recorded in Other Comprehensive Income (Loss). Any refinements to prior years’ taxes made due to subsequent information are reflected as adjustments in the current period. Deferred income tax assets and liabilities are determined based on temporary differences between the financial reporting and tax bases of assets and liabilities and are recognized using enacted tax rates for the effect of such temporary differences. Deferred tax assets are reduced by a valuation allowance if it is more likely than not not In accounting for uncertainty in income taxes of a tax position taken or expected to be taken in a tax return, the Company utilizes a recognition threshold and measurement attribute for the financial statement recognition and measurement. The recognition threshold requires the Company to determine whether it is more likely than not not 50% Postretirement Benefits Other Than Pensions Postretirement benefit obligations established by the Coal Industry Retiree Health Benefit Act of 1992 Pneumoconiosis Benefits and Workers' Compensation CONSOL Energy is required by federal and state statutes to provide benefits to certain current and former totally disabled employees or their dependents for awards related to coal workers' pneumoconiosis. CONSOL Energy is also required by various state statutes to provide workers' compensation benefits for employees who sustain employment-related physical injuries or some types of occupational disease. Workers' compensation benefits include compensation for disability, medical costs, and on some occasions, the cost of rehabilitation. CONSOL Energy is primarily self-insured for these benefits. Provisions for estimated benefits are determined on an actuarial basis. Asset Retirement Obligations Mine closing costs and costs associated with dismantling and removing de-gasification facilities are accrued using the accounting treatment prescribed by the Asset Retirement and Environmental Obligations Topic of the FASB Accounting Standards Codification. This topic requires the fair value of an asset retirement obligation be recognized in the period in which it is incurred if a reasonable estimate of fair value can be made. For active locations, the present value of the estimated asset retirement obligation is capitalized as part of the carrying amount of the long-lived asset. For locations that have been fully depleted or closed, the present value of the change is recorded directly to the consolidated statements of income. Generally, the capitalized asset retirement obligation is depreciated on a units-of-production basis. Accretion of the asset retirement obligation is recognized over time and generally will escalate over the life of the producing asset. Accretion is included in Depreciation, Depletion and Amortization on the Consolidated Statements of Income. Asset retirement obligations primarily relate to the closure of mines, which includes treatment of water and the reclamation of land upon exhaustion of coal reserves. Accrued mine closing costs, perpetual care costs, reclamation and costs associated with dismantling and removing de-gasification facilities are regularly reviewed by management and are revised for changes in future estimated costs and regulatory requirements. Subsidence Subsidence occurs when there is sinking or shifting of the ground surface due to the removal of underlying coal. Areas affected may not one Retirement Plans CONSOL Energy has non-contributory defined benefit retirement plans. Effective December 31, 2015, Stock-Based Compensation Eligible CONSOL Energy employees have historically participated in equity-based compensation plans. CONSOL Energy recognizes compensation expense for all stock-based compensation awards based on the grant date fair value estimated in accordance with the provisions of the Stock Compensation Topic of the FASB Accounting Standards Codification. CONSOL Energy recognizes these compensation costs on a straight-line basis over the requisite service period of the award, which is generally the award's vesting term. Under the CCR 2015 may The General Partner has also granted equity-based phantom units that vest over a period of a director’s continued service. The phantom units will be paid in common units or an amount of cash equal to the fair market value of a unit based on the vesting date. The awards accelerated upon completion of the CCR Merger (see Note 2 Revenue Recognition Revenues are generally recognized when title passes to the customers and the price is fixed and determinable. Generally, title passes when coal is loaded at the central preparation facility and, on occasion, at terminal locations or other customer destinations. The Company's coal contract revenue per ton is fixed and determinable and adjusted for nominal quality adjustments. Some coal contracts also contain positive electric power price-related adjustments in addition to a fixed base price per ton. The Company’s coal contracts generally do not 3 Freight Revenue and Expense Shipping and handling costs invoiced to coal customers and paid to third Contingencies From time to time, CONSOL Energy, or its subsidiaries, is subject to various lawsuits and claims with respect to such matters as personal injury, wrongful death, damage to property, exposure to hazardous substances, governmental regulations (including environmental remediation), employment and contract disputes, and other claims and actions arising out of the normal course of business. Liabilities are recorded when it is probable that obligations have been incurred and the amounts can be reasonably estimated. Estimates are developed through consultation with legal counsel involved in the defense of these matters and are based upon the nature of the lawsuit, progress of the case in court, view of legal counsel, prior experience in similar matters and management's intended response. Environmental liabilities are not third Derivative Instruments The Company generally utilizes derivative instruments to manage exposures to interest rate risk on long-term debt. The Company enters into interest rate swaps in order to achieve a mix of fixed and variable rate debt that it deems appropriate. These interest rate swaps have been designated as cash flow hedges of future variable interest payments and are accounted for as an asset or a liability in the accompanying Consolidated Balance Sheets at their fair value (see Note 21 In a cash flow hedge, the Company hedges the risk of changes in future cash flows related to the underlying item being hedged. Changes in the fair value of the derivative instrument used as a hedge instrument in a cash flow hedge are recorded in other comprehensive income or loss. Amounts in other comprehensive income or loss are reclassified to earnings when the hedged transaction affects earnings and are classified in a manner consistent with the transaction being hedged. The Company evaluates the effectiveness of its hedging relationships both at the hedge's inception and on an ongoing basis. Any ineffective portion of the change in fair value of a derivative instrument used as a hedge instrument in a cash flow hedge is recognized immediately in earnings. Earnings per Share Basic earnings per share are computed by dividing net (loss) income attributable to CONSOL Energy Inc. shareholders by the weighted average shares outstanding during the reporting period. Dilutive earnings per share are computed similarly to basic earnings per share, except that the weighted average shares outstanding are increased to include additional shares from restricted stock units and performance share units, if dilutive. The number of additional shares is calculated by assuming that outstanding restricted stock units and performance share units were released, and that the proceeds from such activities were used to acquire shares of common stock at the average market price during the reporting period. The table below sets forth the share-based awards that have been excluded from the computation of diluted earnings per share because their effect would be anti-dilutive: For the Years Ended December 31, 2020 2019 2018 Anti-Dilutive Restricted Stock Units 1,400,950 175,752 620 Anti-Dilutive Performance Share Units 110,470 20,202 6,363 1,511,420 195,954 6,983 The computations for basic and dilutive (loss) earnings per share are as follows: For the Years Ended Dollars in thousands, except per share data December 31, 2020 2019 2018 Numerator: Net (Loss) Income $ (13,214 ) $ 93,558 $ 178,785 Less: Net (Loss) Income Attributable to Noncontrolling Interest (3,459 ) 17,557 25,809 Net (Loss) Income Attributable to CONSOL Energy Inc. Shareholders $ (9,755 ) $ 76,001 $ 152,976 Denominator: Weighted-average shares of common stock outstanding 26,066,971 26,938,339 27,928,245 Effect of dilutive shares * — 132,769 491,517 Weighted-average diluted shares of common stock outstanding 26,066,971 27,071,108 28,419,762 (Loss) Earnings per Share: Basic $ (0.37 ) $ 2.82 $ 5.48 Dilutive $ (0.37 ) $ 2.81 $ 5.38 * During periods in which the Company incurs a net loss, diluted weighted average shares outstanding are equal to basic weighted average shares outstanding because the effect of all equity awards is anti-dilutive. As of December 31, 2020 none Shares of common stock outstanding were as follows: 2020 2019 2018 Balance, Beginning of Year 25,932,618 27,437,844 27,973,281 Issuance Related to CCR Merger (1) 7,967,690 — — Retirement Related to Stock Repurchase (2) — (1,717,497 ) (708,245 ) Issuance Related to Stock-Based Compensation (3) 131,066 212,271 172,808 Balance, End of Year 34,031,374 25,932,618 27,437,844 ( 1 See Note 2 ( 2 See Note 5 ( 3 See Note 18 Recent Accounting Pronouncements In January 2021, 2021 01 848 848 848, 848 March 12, 2020. not In March 2020, 2020 04 848 March 12, 2020 December 31, 2022. may March 12, 2020, March 12, 2020, March 12, 2020. not In January 2020, 2020 01 321 323 815 321, 323, 815, 825, December 15, 2020, not In December 2019, 2019 12 740 2019 12 1 2 3 2019 12 not December 15, 2020, not In August 2018, 2018 14 715 20 December 15, 2020, 2020, no Reclassifications During the year ended December 31, 2020, 23 2019 2018 2020 December 31, 2019, 2018 2019, no |
Note 2 - Major Transactions
Note 2 - Major Transactions | 12 Months Ended |
Dec. 31, 2020 | |
Notes to Financial Statements | |
Acquisitions and Dispositions Disclosure [Text Block] | NOTE 2 MAJOR TRANSACTIONS: Merger with CONSOL Coal Resources LP On October 22, 2020, one December 30, 2020, not no Except for the Partnership's incentive distribution rights, which were automatically canceled immediately prior to the effective time of the Merger for no Since CONSOL Energy controlled CCR prior to the Merger and continues to control CCR after the Merger, CONSOL Energy accounted for the change in its ownership interest in CCR as an equity transaction, which was reflected as a reduction of noncontrolling interest with corresponding increases to common stock and capital in excess of par value. No Prior to the effective date of the Merger, public unitholders held a 39.3% equity interest in CCR's outstanding common units and CONSOL Energy owned the remaining 60.7% equity interest. The earnings of CCR that were attributed to its common units held by the public prior to the Merger are reflected in Net (Loss) Income Attributable to Noncontrolling Interest in the Consolidated Statements of Income. We incurred $9,822 of transaction costs directly attributable to the Merger during the year ended December 31, 2020, Settlement Transaction with Murray Energy On September 16, 2020, 11 2013 2013 2020 2013 CONSOL Energy Inc. v Murray Energy Holdings Co., et al. 2:20 02036, 1 2 December 31, 2020. December 31, 2020, December 31, 2019, 22 |
Note 3 - Revenue
Note 3 - Revenue | 12 Months Ended |
Dec. 31, 2020 | |
Notes to Financial Statements | |
Revenue from Contract with Customer [Text Block] | NOTE 3 REVENUE: The following table disaggregates CONSOL Energy's revenue from contracts with customers to depict how the nature, amount, timing and uncertainty of the Company's revenues and cash flows are affected by economic factors: For the Year Ended For the Year Ended For the Year Ended December 31, 2020 December 31, 2019 December 31, 2018 Coal Revenue $ 772,662 $ 1,288,529 $ 1,364,292 Terminal Revenue 66,810 67,363 64,926 Freight Revenue 39,990 19,667 43,572 Total Revenue from Contracts with Customers $ 879,462 $ 1,375,559 $ 1,472,790 Coal Revenue CONSOL Energy's coal revenue is generally recognized when title passes to the customer and the price is fixed and determinable. Generally, title passes when coal is loaded at the central preparation facility and, on occasion, at terminal locations or other customer destinations. The Company's coal contract revenue per ton is fixed and determinable and adjusted for nominal quality adjustments. Some coal contracts also contain positive electric power price-related adjustments, which represent market-driven price adjustments, wherein no not not The estimated transaction price from each of the Company's contracts is based on the total amount of consideration to which the Company expects to be entitled under the contract. Included in the transaction price for certain coal supply contracts is the impact of variable consideration, including quality price adjustments, handling services, per ton price fluctuations based on certain coal sales price indices and anticipated payments in lieu of shipments. The estimated transaction price for each contract is allocated to the Company's performance obligations based on relative stand-alone selling prices determined at contract inception. The Company has determined that each ton of coal represents a separate and distinct performance obligation. Some of the Company's contracts span multiple years and have annual pricing modifications, based upon market-driven or inflationary adjustments, where no While CONSOL Energy does, from time to time, experience costs of obtaining coal customer contracts with amortization periods greater than one December 31, 2020, 2019 2018 not December 31, 2020, 2019 2018 not not not Terminal Revenue Terminal revenues are attributable to the Company's CONSOL Marine Terminal and include revenues earned from providing receipt and unloading of coal from rail cars, transporting coal from the receipt point to temporary storage or stockpile facilities located at the Terminal, stockpiling, blending, weighing, sampling, redelivery, and loading of coal onto vessels. Revenues for these services are generally earned on a rateable basis, and performance obligations are considered fulfilled as the services are performed. The CONSOL Marine Terminal does not one December 31, 2020, 2019 2018 not December 31, 2020, 2019 2018 not not not Freight Revenue Some of CONSOL Energy's coal contracts require that the Company sell its coal at locations other than its central preparation plant. The cost to transport the Company's coal to the ultimate sales point is passed through to the Company's customers and CONSOL Energy recognizes the freight revenue equal to the transportation costs when title of the coal passes to the customer. Contract Balances Contract assets are recorded separately from trade receivables in the Company's Consolidated Balance Sheets and are reclassified to trade receivables as title passes to the customer and the Company's right to consideration becomes unconditional. Payments for coal shipments are typically due within two four not |
Note 4 - Miscellaneous Other In
Note 4 - Miscellaneous Other Income | 12 Months Ended |
Dec. 31, 2020 | |
Notes to Financial Statements | |
Interest and Other Income [Text Block] | NOTE 4 MISCELLANEOUS OTHER INCOME: For the Years Ended December 31, 2020 2019 2018 Contract Buyout $ 44,703 $ 9,959 $ 350 Sale of Certain Mining Rights 39,437 — — Sale of Certain Coal Lease Contracts 17,847 — — Royalty Income - Non-Operated Coal 12,032 22,208 24,722 Litigation Proceeds 8,624 — — Rental Income 1,314 2,517 3,804 Interest Income 1,230 2,937 2,146 Property Easements and Option Income 907 1,631 5,644 Purchased Coal Sales — 12,385 19,152 Other 792 1,712 2,842 Miscellaneous Other Income $ 126,886 $ 53,349 $ 58,660 Contract buyout income was primarily the result of partial contract buyouts that involved negotiations to reduce coal quantities several customers were otherwise obligated to purchase under contracts in exchange for payment of certain fees to the Company, and do not The sale of certain mining rights was a transaction in connection with future coal reserves completed in the year ended December 31, 2020. The sale of certain coal lease contracts was in connection with one December 31, 2020 Royalty income represents earned revenue related to overriding royalty agreements or coal reserve leases between the Company and third Litigation proceeds were received during the year ended December 31, 2020 Purchased coal sales include earned revenue related to coal purchased externally by the Company to blend and resell in order to fulfill various contracts. |
Note 5 - Stock, Unit and Debt R
Note 5 - Stock, Unit and Debt Repurchases | 12 Months Ended |
Dec. 31, 2020 | |
Notes to Financial Statements | |
Stockholders' Equity Note Disclosure [Text Block] | NOTE 5 STOCK, UNIT AND DEBT REPURCHASES: In December 2017, 2025, June 30, 2019. July 2018 2025, May 2019, May 2019 $50 June 30, 2019 June 30, 2020. July 2019, May 2020, June 30, 2020 June 30, 2022. no 2 Under the terms of the program, CONSOL Energy is permitted to make repurchases in the open market, in privately negotiated transactions, accelerated repurchase programs or in structured share repurchase programs. CONSOL Energy is also authorized to enter into one 10b5 1 not During the years ended December 31, 2020, 2019 2018, 11.00% 2025, December 31, 2020 December 31, 2019 2018, December 31, 2019 2018, |
Note 6 - Income Taxes
Note 6 - Income Taxes | 12 Months Ended |
Dec. 31, 2020 | |
Notes to Financial Statements | |
Income Tax Disclosure [Text Block] | NOTE 6 INCOME TAXES: The components of income tax expense (benefit) were as follows: For The Years Ended December 31, 2020 2019 2018 Current: U.S. Federal $ (5,933 ) $ 15,905 $ 20,634 U.S. State (2,294 ) 4,717 3,240 Non-U.S. 514 1,336 1,436 (7,713 ) 21,958 25,310 Deferred: U.S. Federal 10,936 (9,386 ) (7,509 ) U.S. State 749 (8,033 ) (8,973 ) 11,685 (17,419 ) (16,482 ) Total Income Tax Expense $ 3,972 $ 4,539 $ 8,828 A reconciliation of income tax expense (benefit) and the amount computed by applying the statutory federal income tax rate of 21% For the Years Ended December 31, 2020 2019 2018 Amount Percent Amount Percent Amount Percent Statutory U.S. federal income tax rate $ (1,941 ) 21.0 % $ 20,600 21.0 % $ 39,399 21.0 % State income taxes, net of federal tax benefit (1,109 ) 12.0 3,125 3.2 3,240 1.7 Effect of foreign income taxes 406 (4.4 ) 1,336 1.4 28 — Excess tax depletion — — (13,141 ) (13.4 ) (20,873 ) (11.1 ) Effect of change in U.S. tax law — — — — 2,777 1.5 Compensation 1,310 (14.2 ) 1,799 1.8 935 0.5 Valuation allowance 1,479 (16.0 ) 1,400 1.4 (1,379 ) (0.7 ) Tax credits 1,150 (12.4 ) (2,536 ) (2.6 ) (980 ) (0.5 ) Non-controlling interest 726 (7.9 ) (3,687 ) (3.8 ) (5,420 ) (2.9 ) State rate change and prior period adjustments 1,797 (19.4 ) (4,565 ) (4.6 ) (9,448 ) (5.0 ) Other 154 (1.6 ) 208 0.2 549 0.3 Income Tax Expense / Effective Rate $ 3,972 (42.9 )% $ 4,539 4.6 % $ 8,828 4.8 % Significant components of deferred tax assets and liabilities were as follows: December 31, 2020 2019 Deferred Tax Asset: Postretirement benefits other than pensions $ 101,673 $ 110,504 Pneumoconiosis benefits 60,284 52,521 Asset retirement obligations 56,779 60,260 Workers' compensation 17,493 16,750 Mine subsidence 17,271 17,110 Operating lease liability 11,377 14,757 Salary retirement 9,446 14,761 State bonus, net of Federal 6,918 7,042 Net operating loss 6,134 — Compensation 5,158 3,841 Long-term disability 2,757 3,031 Financing 2,077 16,806 Foreign tax credits — 1,400 Other 4,175 2,456 Total Deferred Tax Asset 301,542 321,239 Valuation Allowance (2,879 ) (1,400 ) Net Deferred Tax Asset 298,663 319,839 Deferred Tax Liability: Property, plant and equipment (172,026 ) (173,849 ) Equity Partnerships (35,570 ) (17,028 ) Right of use assets (11,338 ) (14,757 ) Advance mining royalties (10,908 ) (10,700 ) Total Deferred Tax Liability (229,842 ) (216,334 ) Net Deferred Tax Asset $ 68,821 $ 103,505 Certain provisions of the Coronavirus Aid, Relief, and Economic Security Act (“CARES Act”), which was signed into law by the President of the United States in March 2020, 2020 At December 31, 2020, not 2030 2040. As required by U.S. GAAP, a valuation allowance is required when it is more likely than not not not The Company utilizes the “more likely than not” December 31, 2020 2019 not The Company is subject to taxation in the United States and its various states, as well as Canada and its various provinces. Under the provisions of the Tax Matters Agreement between the Company and its former parent, certain subsidiaries of the Company are subject to examination for tax years beginning December 31, 2016 November 28, 2017. November 28, 2017 December 31, 2020 |
Note 7 - Credit Losses
Note 7 - Credit Losses | 12 Months Ended |
Dec. 31, 2020 | |
Notes to Financial Statements | |
Credit Loss, Financial Instrument [Text Block] | NOTE 7 CREDIT LOSSES: Effective January 1, 2020, 2016 013, Financial Instruments - Credit Losses (Topic 326 not not The following table illustrates the impact of ASC 326. January 1, 2020 As Reported Under ASC 326 Pre-ASC 326 Adoption Impact of ASC 326 Adoption Trade Receivables $ 3,051 $ 2,100 $ 951 Other Receivables 3,372 711 2,661 Other Assets 795 — 795 Allowance for Credit Losses on Receivables $ 7,218 $ 2,811 $ 4,407 The Company is exposed to credit losses primarily through sales of products and services. The Company's expected loss allowance methodology for accounts receivable is developed using historical collection experience, current and future economic and market conditions and a review of the current status of customers' trade and other accounts receivables. Due to the short-term nature of such receivables, the estimate of the amount of accounts receivable that may not Balances are written off when determined to be uncollectible. The Company considered the current and expected future economic and market conditions surrounding the novel coronavirus (COVID- 19 not Management estimates the allowance balance using relevant available information, from internal and external sources, relating to past events, current conditions, and reasonable and supportable forecasts. Historical credit loss experience provides the basis for the estimation of expected credit losses. Adjustments to historical loss information are made for changes to the assessment of anticipated payment, changes in economic conditions, current industry trends in the markets the Company serves, and changes in the financial health of the Company's counterparties. The following table provides a roll-forward of the allowance for credit losses by portfolio segment that is deducted from the amortized cost basis of accounts receivable to present the net amount expected to be collected. Trade Receivables Other Receivables Other Assets Beginning Balance, January 1, 2020 $ 2,100 $ 711 $ — Adoption of ASU 2016-13, cumulative-effect adjustment to retained earnings 951 2,661 795 Provision for expected credit losses 1,375 1,338 866 Ending Balance, December 31, 2020 $ 4,426 $ 4,710 $ 1,661 |
Note 8 - Asset Retirement Oblig
Note 8 - Asset Retirement Obligations | 12 Months Ended |
Dec. 31, 2020 | |
Notes to Financial Statements | |
Asset Retirement Obligation Disclosure [Text Block] | NOTE 8 ASSET RETIREMENT OBLIGATIONS: CONSOL Energy accrues for mine closing costs, perpetual water care costs, and costs associated with the plugging of degasification wells using the accounting treatment prescribed by the Asset Retirement and Environmental Obligations Topic of the FASB Accounting Standards Codification. CONSOL Energy recognizes capitalized asset retirement obligations by increasing the carrying amount of related long-lived assets. The reconciliation of changes in the Company's asset retirement obligations at December 31, 2020 2019 As of December 31, 2020 2019 Balance at Beginning of Period $ 271,952 $ 267,001 Accretion Expense 17,905 20,116 Payments (13,529 ) (13,030 ) Revisions in Estimated Cash Flows (9,248 ) (2,135 ) Other (18,311 ) — Balance at End of Period $ 248,769 $ 271,952 For the year ended December 31, 2020, |
Note 9 - Inventories
Note 9 - Inventories | 12 Months Ended |
Dec. 31, 2020 | |
Notes to Financial Statements | |
Inventory Disclosure [Text Block] | NOTE 9 INVENTORIES: Inventory components consist of the following: December 31, 2020 2019 Coal $ 7,163 $ 2,484 Supplies 49,037 51,647 Total Inventories $ 56,200 $ 54,131 |
Note 10 - Property, Plant and E
Note 10 - Property, Plant and Equipment | 12 Months Ended |
Dec. 31, 2020 | |
Notes to Financial Statements | |
Property, Plant and Equipment Disclosure [Text Block] | NOTE 10 PROPERTY, PLANT AND EQUIPMENT: Property, plant and equipment consists of the following: December 31, 2020 2019 Plant and Equipment $ 3,134,149 $ 3,028,514 Coal Properties and Surface Lands 874,567 872,909 Airshafts 452,976 437,003 Mine Development 354,691 342,706 Advance Mining Royalties 327,313 327,048 Total Property, Plant and Equipment 5,143,696 5,008,180 Less: Accumulated Depreciation, Depletion and Amortization 3,094,634 2,916,015 Total Property, Plant and Equipment - Net $ 2,049,062 $ 2,092,165 As of December 31, 2020 2019 December 31, 2020 2019 December 31, 2020, 2019 2018 14 |
Note 11 - Accounts Receivable S
Note 11 - Accounts Receivable Securitization | 12 Months Ended |
Dec. 31, 2020 | |
Notes to Financial Statements | |
Accounts Receivable Securitization [Text Block] | NOTE 11 ACCOUNTS RECEIVABLE SECURITIZATION: CONSOL Energy and certain of its U.S. subsidiaries are parties to a trade accounts receivable securitization facility with financial institutions for the sale on a continuous basis of eligible trade accounts receivable. In March 2020, August 30, 2021 March 27, 2023. Pursuant to the securitization facility, CONSOL Thermal Holdings LLC sells current and future trade receivables to CONSOL Pennsylvania Coal Company LLC. CONSOL Marine Terminals LLC and CONSOL Pennsylvania Coal Company LLC sell and/or contribute current and future trade receivables (including receivables sold to CONSOL Pennsylvania Coal Company LLC by CONSOL Thermal Holdings LLC) to CONSOL Funding LLC (the “SPV”). The SPV, in turn, pledges its interests in the receivables to PNC Bank, which either makes loans or issues letters of credit on behalf of the SPV. The maximum amount of advances and letters of credit outstanding under the securitization facility may not Loans under the securitization facility accrue interest at a reserve-adjusted LIBOR market index rate equal to the one At December 31, 2020 December 31, 2020 December 31, 2019 December 31, 2019 December 31, 2020, 2019 2018 not |
Note 12 - Other Accrued Liabili
Note 12 - Other Accrued Liabilities | 12 Months Ended |
Dec. 31, 2020 | |
Notes to Financial Statements | |
Accounts Payable and Accrued Liabilities Disclosure [Text Block] | NOTE 12 OTHER ACCRUED LIABILITIES: December 31, 2020 2019 Subsidence Liability $ 89,554 $ 90,645 Accrued Payroll and Benefits 21,179 21,102 Accrued Other Taxes 7,126 4,753 Accrued Equipment Obligations 6,698 — Accrued Interest 6,236 6,281 Other 23,845 16,281 Current Portion of Long-Term Liabilities: Postretirement Benefits Other than Pensions 26,073 31,833 Asset Retirement Obligations 20,587 21,741 Operating Lease Liability 20,241 19,479 Pneumoconiosis Benefits 12,203 12,331 Workers' Compensation 9,653 11,323 Total Other Accrued Liabilities $ 243,395 $ 235,769 |
Note 13 - Debt
Note 13 - Debt | 12 Months Ended |
Dec. 31, 2020 | |
Notes to Financial Statements | |
Long-term Debt [Text Block] | NOTE 13 DEBT: December 31, 2020 2019 Debt: Term Loan B due in September 2024 (Principal of $ 270,188 272,938 938 1,187 4.65% 6.30% $ 269,250 $ 271,751 11.00% 167,147 221,628 MEDCO Revenue Bonds in Series due September 2025 at 5.75% 102,865 102,865 Term Loan A due in March 2023 ( 5.50% 5.55% 66,250 88,750 Other Asset-Backed Financing Arrangements 2,813 9,289 Advance Royalty Commitments ( 13.68% 10.78% 2,185 1,895 Less: Unamortized Debt Issuance Costs 9,921 10,323 600,589 685,855 Less: Amounts Due in One Year* 33,731 32,053 Long-Term Debt $ 566,858 $ 653,802 *Excludes current portion of Finance Lease Obligations of $20,115 and $18,219 at December 31, 2020 2019 Annual undiscounted maturities on long-term debt during the next five Year ended December 31, Amount 2021 $ 33,731 2022 36,348 2023 12,526 2024 257,891 2025 270,184 Thereafter 768 Total Long-Term Debt Maturities $ 611,448 In November 2017, March 28, 2019, June 5, 2020, eight March 28, 2023. September 28, 2024. December 31, 2020) first 1.5 The Senior Secured Credit Facilities contain a number of customary affirmative covenants. In addition, the Senior Secured Credit Facilities contain a number of negative covenants, including (subject to certain exceptions) limitations on (among other things): indebtedness, liens, investments, acquisitions, dispositions, restricted payments and prepayments of junior indebtedness. The amendment added additional conditions to be met for the covenants relating to investments in joint ventures, general investments, share repurchases, dividends and repurchases of Second Lien Notes. The additional conditions require no not 1.00. The Revolving Credit Facility and TLA Facility also include covenants relating to (i) a maximum first first first June 30, 2020 March 31, 2021, first 1.00, 1.00 1.00; June 30, 2021 September 30, 2021, first 1.00 1.00; June 30, 2021 March 31, 2022, 1.00; December 31, 2021 March 31, 2022, first 1.00 1.00; June 30, 2022, first 1.00, 1.00 1.00. first 1.00 December 31, 2020. 1.00 December 31, 2020. 1.00 December 31, 2020 December 31, 2020 19 The TLB Facility also includes a financial covenant that requires the Company to repay a certain amount of its borrowings under the TLB Facility within ten 10 10 December 31, 2020, December 31, 2019, December 31, 2018. 2018, 2018. no December 31, 2019. At December 31, 2020 December 31, 2019 In November 2017, 2025 November 13, 2017, November 28, 2017, second first no The only non-guarantor subsidiary of the Senior Secured Credit Facilities is CONSOL Funding LLC (the “SPV”) which holds the assets pledged to the Accounts Receivable Securitization Facility. CONSOL Funding LLC had total assets of $123,468 and $135,629, comprising mainly of $122,639 and $134,766 trade receivables, as of December 31, 2020 2019, December 31, 2020, 2019 2018, 10 December 31, 2020, 2019 2018, no 11 8 10 During the year ended December 31, 2020, 2025. December 31, 2019, 2025 December 31, 2019. December 31, 2020, December 31, 2019. During the year ended December 31, 2019, December 31, 2020 2019, December 31, 2020, September 2024. December 31, 2020 2019, During the year ended December 31, 2019, twelve December 31, 2020 2021, twelve December 31, 2022. December 31, 2020 2019, December 31, 2020 2019, December 31, 2020. December 31, 2020. No December 31, 2019. 2021, December 31, 2020, 12 |
Note 14 - Leases
Note 14 - Leases | 12 Months Ended |
Dec. 31, 2020 | |
Notes to Financial Statements | |
Lessee, Leases [Text Block] | NOTE 14 LEASES: On January 1, 2019, 842 840 2018 11, 842 not 842. not 1 not 2 not 3 not not 842 not twelve December 31, 2020 2019, not Based on the Company's lease portfolio, the standard had a material impact on the Company’s Consolidated Balance Sheet but did not not January 1, 2019, The Company determines if an arrangement is an operating or finance lease at inception of the applicable lease. For leases where the Company is the lessee, ROU assets represent the Company’s right to use an underlying asset for the lease term and lease liabilities represent an obligation to make lease payments arising from the lease. ROU assets and lease liabilities are recognized at the lease commencement date based on the present value of lease payments over the lease term. As most of the Company’s leases do not The Company has operating leases for mining and other equipment used in operations and office space. Many leases include one not For the years ended December 31, 2020 2019, December 31, 2020 2019 Fixed operating lease expense $ 24,359 $ 25,875 Variable operating lease expense 3,835 11,445 Total operating lease expense $ 28,194 $ 37,320 Supplemental cash flow information related to the Company's operating leases for the years ended December 31, 2020 2019 December 31, 2020 2019 Cash paid for amounts included in the measurement of operating lease liabilities $ 24,293 $ 25,675 ROU assets obtained in exchange for operating lease obligations — — The following table presents the lease balances within the Consolidated Balance Sheets, weighted average lease term, and the weighted average discount rate related to the Company's operating leases at December 31, 2020 2019: December 31, Lease Assets and Liabilities Classification 2020 2019 Assets: Operating Lease ROU Assets Other Assets $ 53,436 $ 72,632 Liabilities: Current: Operating Lease Liabilities Other Accrued Liabilities $ 20,241 $ 19,479 Long-Term: Operating Lease Liabilities Operating Lease Liabilities $ 35,655 $ 55,413 Total Operating Lease Liabilities $ 55,896 $ 74,892 Weighted average remaining lease term (in years) 4.65 5.02 Weighted average discount rate 6.84 % 6.79 % The Company also enters into finance leases for mining equipment and automobiles. Assets arising from finance leases are included in property, plant and equipment-net and the liabilities are included in current portion of long-term debt and long-term debt in the accompanying Consolidated Balance Sheets. For the years ended December 31, 2020 2019, December 31, 2020 2019 Amortization of right of use assets $ 24,066 $ 15,691 Interest expense 2,375 1,878 Total finance lease expense $ 26,441 $ 17,569 The following table presents the weighted average lease term and weighted average discount rate related to the Company's finance leases as of December 31, 2020 2019: December 31, 2020 2019 Weighted average remaining lease term (in years) 2.68 1.69 Weighted average discount rate 5.79 % 5.20 % The following table presents the future maturities of the Company's operating and finance lease liabilities, together with the present value of the net minimum lease payments, at December 31, 2020 Finance Operating Leases Leases 2021 $ 22,557 $ 23,358 2022 18,074 13,450 2023 16,623 6,395 2024 3,595 6,115 2025 320 4,619 Thereafter — 11,339 Total minimum lease payments 61,169 65,276 Less amount representing interest 4,851 9,380 Present value of minimum lease payments $ 56,318 $ 55,896 As of December 31, 2020 no not |
Note 15 - Pension and Other Pos
Note 15 - Pension and Other Postretirement Benefit Plans | 12 Months Ended |
Dec. 31, 2020 | |
Notes to Financial Statements | |
Retirement Benefits [Text Block] | NOTE 15 PENSION AND OTHER POSTRETIREMENT BENEFIT PLANS: Pension CONSOL Energy has non-contributory defined benefit retirement plans. The benefits for these plans are based primarily on years of service and employees' pay. CONSOL Energy's qualified pension plan (the “Pension Plan”) allows for lump-sum distributions of benefits earned up until December 31, 2005, According to the Defined Benefit Plans Topic of the FASB Accounting Standards Codification, if the lump sum distributions made during a plan year, which for CONSOL Energy is January 1 December 31, not December 31, 2020, 2019 2018 Other Postretirement Benefit Plan Certain subsidiaries of CONSOL Energy provide medical and prescription drug benefits to retired employees covered by either the Coal Industry Retiree Health Benefit Act of 1992 2011. The reconciliation of changes in the benefit obligation, plan assets and funded status of these plans at December 31, 2020 2019 Pension Benefits Other Postretirement Benefits at December 31, 2020 at December 31, 2019 2020 2019 2020 2019 Change in benefit obligation: Benefit obligation at beginning of period $ 720,098 $ 644,142 $ 464,329 $ 473,591 Service cost 1,183 3,950 — — Interest cost 20,176 25,101 12,795 18,320 Actuarial loss (gain) 84,663 95,078 (38,455 ) 4,761 Benefits and other payments (47,252 ) (48,173 ) (24,959 ) (32,343 ) Benefit obligation at end of period $ 778,868 $ 720,098 $ 413,710 $ 464,329 Change in plan assets: Fair value of plan assets at beginning of period $ 668,481 $ 578,347 $ — $ — Actual return on plan assets 118,403 136,976 — — Company contributions 1,346 1,331 24,959 32,343 Benefits and other payments (47,252 ) (48,173 ) (24,959 ) (32,343 ) Fair value of plan assets at end of period $ 740,978 $ 668,481 $ — $ — Funded status: Current liabilities $ (2,531 ) $ (1,687 ) $ (26,073 ) $ (31,833 ) Noncurrent liabilities (35,359 ) (49,930 ) (387,637 ) (432,496 ) Net obligation recognized $ (37,890 ) $ (51,617 ) $ (413,710 ) $ (464,329 ) Amounts recognized in accumulated other comprehensive loss consist of: Net actuarial loss $ 256,988 $ 255,830 $ 132,203 $ 179,937 Prior service credit — — (18,544 ) (20,949 ) Net amount recognized (before tax effect) $ 256,988 $ 255,830 $ 113,659 $ 158,988 The components of net periodic benefit (credit) cost are as follows: Pension Benefits Other Postretirement Benefits For the Years Ended December 31, For the Years Ended December 31, 2020 2019 2018 2020 2019 2018 Components of net periodic benefit (credit) cost: Service cost $ 1,183 $ 3,950 $ 1,150 $ — $ — $ — Interest cost 20,176 25,101 23,505 12,795 18,320 18,706 Expected return on plan assets (41,821 ) (40,457 ) (40,370 ) — — — Amortization of prior service credits — (367 ) (502 ) (2,405 ) (2,405 ) (2,405 ) Recognized net actuarial loss 6,922 5,958 8,715 9,277 9,262 16,205 Net periodic benefit (credit) cost $ (13,540 ) $ (5,815 ) $ (7,502 ) $ 19,667 $ 25,177 $ 32,506 CONSOL Energy utilizes a corridor approach to amortize actuarial gains and losses that have been accumulated under the Pension Plan. Cumulative gains and losses that are in excess of 10% CONSOL Energy also utilizes a corridor approach to amortize actuarial gains and losses that have been accumulated under the OPEB Plan. Cumulative gains and losses that are in excess of 10% The following table provides information related to pension plans with an accumulated benefit obligation in excess of plan assets: As of December 31, 2020 2019 Projected benefit obligation $ 778,868 $ 720,098 Accumulated benefit obligation $ 778,618 $ 719,985 Fair value of plan assets $ 740,978 $ 668,481 Assumptions: The weighted-average assumptions used to determine benefit obligations are as follows: Pension Obligations Other Postretirement Obligations at December 31, at December 31, 2020 2019 2020 2019 Discount rate 2.36 % 3.28 % 2.39 % 3.27 % Rate of compensation increase 3.76 % 3.68 % — — The discount rates are determined using a Company-specific yield curve model (above-mean) developed with the assistance of an external actuary. The Company-specific yield curve models (above-mean) use a subset of the expanded bond universe to determine the Company-specific discount rate. Bonds used in the yield curve are rated AA by Moody's or Standard & Poor's as of the measurement date. The yield curve models parallel the plans' projected cash flows, and the underlying cash flows of the bonds included in the models exceed the cash flows needed to satisfy the Company's plans. The weighted-average assumptions used to determine net periodic benefit costs are as follows: Pension Benefits Other Postretirement Benefits For the Years Ended For the Years Ended December 31, December 31, 2020 2019 2018 2020 2019 2018 Discount rate 3.35 % 4.37 % 3.69 % 3.27 % 4.34 % 3.65 % Expected long-term return on plan assets 6.48 % 6.90 % 6.90 % — — — Rate of compensation increase 3.68 % 3.73 % 3.73 % — — — The long-term rate of return is the sum of the portion of total assets in each asset class held multiplied by the expected return for that class, adjusted for expected expenses to be paid from the assets. The expected return for each class is determined using the plan asset allocation at the measurement date and a distribution of compound average returns over a twenty The assumed health care cost trend rates are as follows: At December 31, 2020 2019 Health care cost trend rate for next year 5.43 % 5.65 % Rate to which the cost trend is assumed to decline (ultimate trend rate) 4.50 % 4.50 % Year that the rate reaches ultimate trend rate 2038 2038 Plan Assets: The Company’s overall investment strategy is to meet current and future benefit payment needs through diversification across asset classes, fund strategies and fund managers to achieve an optimal balance between risk and return and between income and growth of assets through capital appreciation. Consistent with the objectives of the pension trust (the “Trust”) and in consideration of the Trust’s current funded status and the current level of market interest rates, the Retirement Board, as appointed by the CONSOL Energy Board of Directors (the “Retirement Board”) has approved an asset allocation strategy that will change over time in response to future improvements in the Trust’s funded status and/or changes in market interest rates. Such changes in asset allocation strategy are intended to allocate additional assets to the fixed income asset class should the Trust’s funded status improve. In this framework, the current target allocation for plan assets is 21% U.S. equity securities, 13% non-U.S. equity securities, 6% global equity securities and 60% fixed income. Both the equity and fixed income portfolios are comprised of both active and passive investment strategies. The Trust is primarily invested in Mercer Common Collective Trusts. Equity securities consist of investments in large and mid/small cap companies; non-U.S. equities are derived from both developed and emerging markets. Fixed income securities consist primarily of U.S. long duration fixed income corporate and U.S. Treasury instruments. The average quality of the fixed income portfolio must be rated at least “investment grade” by nationally recognized rating agencies. Within the fixed income asset class, investments are invested primarily across various strategies such that the overall profile strongly correlates with the interest rate sensitivity of the Trust’s liabilities in order to reduce the volatility resulting from the risk of changes in interest rates and the impact of such changes on the Trust’s overall financial status. Derivatives, interest rate swaps, options and futures are permitted investments for the purpose of reducing risk and to extend the duration of the overall fixed income portfolio; however, they may not may The fair values of plan assets at December 31, 2020 2019 Fair Value Measurements at December 31, 2020 Fair Value Measurements at December 31, 2019 Quoted Quoted Prices in Prices in Active Active Markets for Significant Significant Markets for Significant Significant Identical Observable Unobservable Identical Observable Unobservable Assets Inputs Inputs Assets Inputs Inputs Total (Level 1) (Level 2) (Level 3) Total (Level 1) (Level 2) (Level 3) Asset Category Cash/Accrued Income $ 100 $ 100 $ — $ — $ 97 $ 97 $ — $ — Mercer Common Collective Trusts (a) 740,878 — — — 668,384 — — — Total $ 740,978 $ 100 $ — $ — $ 668,481 $ 97 $ — $ — (a) Certain investments that are measured at fair value using the net asset value per share (or its equivalent) practical expedient have not There are no December 31, 2020 2019. There are no December 31, 2020 2019. Cash Flows: If necessary, CONSOL Energy intends to contribute to the pension trust using prudent funding methods. However, the Company does not 2021 2021 not 2021 The following benefit payments, reflecting expected future service, are expected to be paid: Other Pension Postretirement Benefits Benefits 2021 $ 44,391 $ 26,073 2022 $ 43,639 $ 25,250 2023 $ 43,112 $ 24,455 2024 $ 42,755 $ 23,581 2025 $ 41,291 $ 23,249 Year 2026-2030 $ 196,850 $ 110,456 |
Note 16- Coal Workers' Pneumoco
Note 16- Coal Workers' Pneumoconiosis and Workers' Compensation | 12 Months Ended |
Dec. 31, 2020 | |
Notes to Financial Statements | |
Pneumoconiosis Benefits And Workers Compensation Disclosure [Text Block] | NOTE 16 COAL WORKERS PNEUMOCONIOSIS AND WORKERS COMPENSATION: Coal Workers' Pneumoconiosis Under the Federal Coal Mine Health and Safety Act of 1969, not 15 Former miners and their family members asserting claims for pneumoconiosis benefits have generally been more successful asserting such claims in recent years as a result of the presumption within the PPACA that a coal miner with fifteen not Workers' Compensation CONSOL Energy must also compensate individuals who sustain employment-related physical injuries or some types of occupational diseases and, on some occasions, for costs of their rehabilitation. Workers' compensation programs will also compensate survivors of workers who suffer employment-related deaths. Workers' compensation laws are administered by state agencies, and each state has its own set of rules and regulations regarding compensation owed to an employee that is injured in the course of employment. CONSOL Energy primarily provides for these claims through a self-insurance program. CONSOL Energy recognizes an actuarial present value of the estimated workers' compensation obligation calculated by independent actuaries. The calculation is based on claims filed and an estimate of claims incurred but not The reconciliation of changes in the benefit obligation and funded status of these plans at December 31, 2020 2019 CWP Workers' Compensation at December 31, at December 31, 2020 2019 2020 2019 Change in benefit obligation: Benefit obligation at beginning of period $ 214,473 $ 177,188 $ 71,480 $ 70,986 State administrative fees and insurance bond premiums — — 1,996 2,157 Service cost 4,603 3,791 6,276 5,685 Interest cost 6,206 7,001 1,844 2,585 Actuarial loss 29,510 39,827 1,897 1,536 Benefits paid (12,869 ) (13,334 ) (10,052 ) (11,469 ) Benefit obligation at end of period $ 241,923 $ 214,473 $ 73,441 $ 71,480 Funded status: Current assets $ — $ — $ 602 $ 1,037 Current liabilities (12,203 ) (12,331 ) (9,653 ) (11,323 ) Noncurrent liabilities (229,720 ) (202,142 ) (64,390 ) (61,194 ) Net obligation recognized $ (241,923 ) $ (214,473 ) $ (73,441 ) $ (71,480 ) Amounts recognized in accumulated other comprehensive loss consist of: Net actuarial loss (gain) $ 71,259 $ 47,352 $ (8,866 ) $ (11,250 ) Net amount recognized (before tax effect) $ 71,259 $ 47,352 $ (8,866 ) $ (11,250 ) The components of net periodic benefit cost are as follows: CWP Workers’ Compensation For the Years Ended For the Years Ended December 31, December 31, 2020 2019 2018 2020 2019 2018 Service cost $ 4,603 $ 3,791 $ 6,650 $ 6,276 $ 5,685 $ 6,230 Interest cost 6,206 7,001 5,245 1,844 2,585 2,283 Recognized net actuarial loss (gain) 5,604 1,016 (853 ) (488 ) (774 ) (79 ) State administrative fees and insurance bond premiums — — — 1,996 2,157 2,671 Net periodic benefit cost $ 16,413 $ 11,808 $ 11,042 $ 9,628 $ 9,653 $ 11,105 CONSOL Energy utilizes a corridor approach to amortize actuarial gains and losses that have been accumulated under the Workers’ Compensation and CWP plans. Cumulative gains and losses that are in excess of 10% Assumptions: The weighted-average discount rates used to determine benefit obligations and net periodic benefit costs are as follows: CWP Workers' Compensation For the Years Ended For the Years Ended December 31, December 31, 2020 2019 2018 2020 2019 2018 Benefit obligations 2.53 % 3.41 % 4.42 % 2.35 % 3.25 % 4.26 % Net periodic benefit costs 3.41 % 4.42 % 3.75 % 3.25 % 4.26 % 3.57 % Discount rates are determined using a Company-specific yield curve model (above-mean) developed with the assistance of an external actuary. The Company-specific yield curve models (above-mean) use a subset of the expanded bond universe to determine the Company-specific discount rate. Bonds used in the yield curve are rated AA by Moody's or Standard & Poor's as of the measurement date. The yield curve models parallel the plans' projected cash flows, and the underlying cash flows of the bonds included in the models exceed the cash flows needed to satisfy the Company's plans. Cash Flows: CONSOL Energy does not 2021 The following benefit payments, which reflect expected future claims as appropriate, are expected to be paid: Workers' Compensation CWP Total Actuarial Other Benefits Benefits Benefits Benefits 2021 $ 12,203 $ 10,580 $ 9,051 $ 1,529 2022 $ 11,923 $ 10,392 $ 8,824 $ 1,568 2023 $ 11,762 $ 10,212 $ 8,605 $ 1,607 2024 $ 11,439 $ 10,151 $ 8,504 $ 1,647 2025 $ 11,304 $ 10,015 $ 8,327 $ 1,688 Year 2026-2030 $ 57,386 $ 50,445 $ 41,350 $ 9,095 |
Note 17 - Other Employee Benefi
Note 17 - Other Employee Benefit Plans | 12 Months Ended |
Dec. 31, 2020 | |
Notes to Financial Statements | |
Compensation and Employee Benefit Plans [Text Block] | NOTE 17 OTHER EMPLOYEE BENEFIT PLANS: UMWA Benefit Trusts The Coal Act created two 1 2 1992 “1992 The Combined Fund provides medical and death benefits for all beneficiaries of the former UMWA Benefit Trusts who were actually receiving benefits as of July 20, 1992. 1992 February 1, 1993 July 20, 1992 September 30, 1994. December 31, 2020, 2019 2018 December 31, 2020 1992 Pursuant to the provisions of the Tax Relief and Healthcare Act of 2006 “2006 1992 1992 2006 1992 December 31, 2020, 2019 2018 2020 2019 2018 Investment Plan CONSOL Energy has an investment plan available to most non-represented employees. Eligible employees of CONSOL Pennsylvania Coal Company began participation in the CONSOL Pennsylvania Coal Company Investment Plan (the “CPCC 401 September 1, 2017, 401 401 November 1, 2017. 401 401 December 31, 2019, 401 401 401 401 may 401 401 December 31, 2018, first 2019. no December 31, 2020 2019 December 31, 2020, 2019 2018 Long-Term Disability CONSOL Energy has a Long-Term Disability Plan available to all eligible full-time salaried employees. The benefits for this plan are based on a percentage of monthly earnings, offset by all other income benefits available to the disabled. For the Years Ended December 31, 2020 2019 2018 Net periodic benefit costs $ 1,700 $ 1,483 $ 2,088 Discount rate assumption used to determine net periodic benefit costs 2.86 % 3.97 % 3.22 % Liabilities incurred under the Long-Term Disability Plan are included in Other Accrued Liabilities and Deferred Credits and Other Liabilities–Other in the Consolidated Balance Sheets and amounted to a combined total of $11,374 and $12,749 at December 31, 2020 2019 |
Note 18 - Stock-based Compensat
Note 18 - Stock-based Compensation | 12 Months Ended |
Dec. 31, 2020 | |
Notes to Financial Statements | |
Share-based Payment Arrangement [Text Block] | NOTE 18 STOCK-BASED COMPENSATION: CONSOL Energy adopted the CONSOL Energy Inc. Omnibus Performance Incentive Plan (the “Performance Incentive Plan”) on November 22, 2017. not The Performance Incentive Plan limits the number of units that may For only those shares expected to vest, CONSOL Energy recognizes stock-based compensation costs on a straight-line basis over the requisite service period of the award as specified in the award agreement, which is generally the vesting term. The vesting of all awards will accelerate in the event of death and disability and may may December 31, 2020, 2019 2018 December 31, 2020, 2019 2018 As of December 31, 2020 Restricted Stock Units CONSOL Energy grants certain employees and non-employee directors restricted stock units, which entitle the holder to shares of common stock as the award vests. Compensation expense is recognized on a straight-line basis over the requisite service period of the award. The total fair value of restricted stock units vested during the years ended December 31, 2020, 2019 2018 Number of Weighted Average Shares Grant Date Fair Value Nonvested at December 31, 2019 453,336 $ 34.60 Granted 1,257,152 $ 7.81 Vested (172,429 ) $ 31.86 Forfeited (49,098 ) $ 12.42 Nonvested at December 31, 2020 1,488,961 $ 13.07 Performance Share Units CONSOL Energy grants certain employees performance share unit awards, which entitle the holder to shares of common stock subject to the achievement of certain market and performance goals. Compensation expense is recognized over the service period of awards and adjusted for the probability of achievement of performance-based goals. The total fair value of performance share units vested during the years ended December 31, 2020, 2019 2018 Number of Weighted Average Shares Grant Date Fair Value Nonvested at December 31, 2019 193,265 $ 33.55 Granted 229,440 $ 8.60 Vested (33,665 ) $ 30.95 Forfeited (52,195 ) $ 38.66 Nonvested at December 31, 2020 336,845 $ 17.81 |
Note 19 - Supplemental Cash Flo
Note 19 - Supplemental Cash Flow Information | 12 Months Ended |
Dec. 31, 2020 | |
Notes to Financial Statements | |
Mineral Industries Disclosures [Text Block] | NOTE 19 SUPPLEMENTAL CASH FLOW INFORMATION: The following are non-cash transactions that impact the investing and financing activities of CONSOL Energy. CONSOL Energy entered into non-cash finance lease arrangements of $42,200, $4,424 and $1,301 for the years ended December 31, 2020, 2019 2018 December 31, 2018, two As of December 31, 2020, 2019 2018 The following table shows cash paid for interest and income taxes for the periods indicated. For the Years Ended December 31, 2020 2019 2018 Cash Paid For: Interest (net of amounts capitalized) $ 62,997 $ 73,574 $ 92,926 Income taxes $ 1,476 $ 40,139 $ 12,834 |
Note 20 - Concentration of Cred
Note 20 - Concentration of Credit Risk and Major Customers | 12 Months Ended |
Dec. 31, 2020 | |
Notes to Financial Statements | |
Concentration Risk Disclosure [Text Block] | NOTE 20 CONCENTRATION OF CREDIT RISK AND MAJOR CUSTOMERS: CONSOL Energy primarily markets its thermal coal principally to electric power producers in the eastern United States. Revenues generated from electric power producers in the eastern United States were 65%, 65% and 71% for the years ended December 31, 2020, 2019 2018 December 31, 2020, 2019 2018 not No 10% December 31, 2020, 2019 2018. During the years ended December 31, 2020, 2019 2018 three 10% three 10% December 31, 2020, two 10% December 31, 2019. Concentration of credit risk is summarized below: December 31, 2020 2019 Thermal coal utilities $ 32,343 $ 58,557 Coal exporters and distributors 82,948 73,416 Steel and coke producers 5,302 — Other 2,122 1,815 Total Trade Receivables 122,715 133,788 Less: Allowance for credit losses 4,426 2,100 Total Trade Receivables, net $ 118,289 $ 131,688 |
Note 21 - Fair Value of Financi
Note 21 - Fair Value of Financial Instruments | 12 Months Ended |
Dec. 31, 2020 | |
Notes to Financial Statements | |
Fair Value Disclosures [Text Block] | NOTE 21 FAIR VALUE OF FINANCIAL INSTRUMENTS: CONSOL Energy determines the fair value of assets and liabilities based on the exchange price that would be received for an asset or paid to transfer a liability (an exit price) in the principal or most advantageous market for the asset or liability in an orderly transaction between market participants. The fair values are based on assumptions that market participants would use when pricing an asset or liability, including assumptions about risk and the risks inherent in valuation techniques and the inputs to valuations. The fair value hierarchy is based on whether the inputs to valuation techniques are observable or unobservable. Observable inputs reflect market data obtained from independent sources (including LIBOR-based discount rates), while unobservable inputs reflect the Company's own assumptions of what market participants would use. The fair value hierarchy includes three may Level One - Quoted prices for identical instruments in active markets. Level Two - The fair value of the assets and liabilities included in Level 2 Level Three - Unobservable inputs significant to the fair value measurement supported by little or no third third third 3 In those cases when the inputs used to measure fair value meet the definition of more than one The financial instruments measured at fair value on a recurring basis are summarized below: Fair Value Measurements at Fair Value Measurements at December 31, 2020 December 31, 2019 Description Level 1 Level 2 Level 3 Level 1 Level 2 Level 3 Lease Guarantees $ — $ — $ (168 ) $ — $ — $ (482 ) Derivatives (1) $ — $ (2,834 ) $ — $ — $ (154 ) $ — ( 1 2 The following methods and assumptions were used to estimate the fair value for which the fair value option was not Long-term debt: The carrying amounts and fair values of financial instruments for which the fair value option was not December 31, 2020 December 31, 2019 Carrying Fair Carrying Fair Amount Value Amount Value Long-Term Debt $ 610,510 $ 517,862 $ 696,178 $ 642,018 Certain of the Company’s debt is actively traded on a public market and, as a result, constitutes Level 1 not 2 |
Note 22 - Commitments and Conti
Note 22 - Commitments and Contingent Liabilities | 12 Months Ended |
Dec. 31, 2020 | |
Notes to Financial Statements | |
Commitments and Contingencies Disclosure [Text Block] | NOTE 22 COMMITMENTS AND CONTINGENT LIABILITIES: The Company is subject to various lawsuits and claims with respect to such matters as personal injury, wrongful death, damage to property, exposure to hazardous substances, governmental regulations including environmental remediation, employment and contract disputes and other claims and actions arising out of the normal course of business. The Company accrues the estimated loss for these lawsuits and claims when the loss is probable and reasonably estimable. The Company's estimated accruals relating to these pending claims, individually and in the aggregate, are immaterial to the financial position, results of operations or cash flows of the Company as of December 31, 2020 December 31, 2020 not Fitzwater Litigation: Three April 24, 2017, October 15, 2019, July 15, 2020, August 14, 2020. first 2021. Casey Litigation: August 23, 2017 two not December 1, 2017, March 1, 2018 October 15, 2019, July 15, 2020, August 14, 2020. first 2021. United Mine Workers of America 1992 2013, ten 1994. 11 October 2019. 1992 9711 1992 April 30, 2020. 1992 September 16, 2020, 2 1992 Other Matters: not As part of the separation and distribution, the Company assumed various financial obligations relating to the Coal Business and agreed to reimburse its former parent for certain financial guarantees relating to the Coal Business that its former parent retained following the separation and distribution. Employee-related financial guarantees have primarily been provided to support the 1992 The following is a summary, as of December 31, 2020 third not No not Amount of Commitment Expiration Per Period Total Amounts Less Than Beyond Committed 1 Year 1-3 Years 3-5 Years 5 Years Letters of Credit: Employee-Related $ 75,776 $ 54,134 $ 21,642 $ — $ — Environmental 398 — 398 — — Other 80,982 33,282 47,700 — — Total Letters of Credit $ 157,156 $ 87,416 $ 69,740 $ — $ — Surety Bonds: Employee-Related $ 83,524 $ 83,524 $ — $ — $ — Environmental 563,705 559,155 4,550 — — Other 4,379 4,379 — — — Total Surety Bonds $ 651,608 $ 647,058 $ 4,550 $ — $ — Guarantees: Other $ 8,673 $ 6,538 $ 1,554 $ 398 $ 183 Included in the above table are commitments and guarantees entered into in conjunction with the sale of Consolidation Coal Company and certain of its subsidiaries, which contain all five third third third December 31, 2020 not December 31, 2020 2019 December 31, 2020 2019 may No 3 The Company regularly evaluates the likelihood of default for all guarantees based on an expected loss analysis and records the fair value, if any, of its guarantees as an obligation in the consolidated financial statements. |
Note 23 - Segment Information
Note 23 - Segment Information | 12 Months Ended |
Dec. 31, 2020 | |
Notes to Financial Statements | |
Segment Reporting Disclosure [Text Block] | NOTE 23 SEGMENT INFORMATION: The Company reports segment information based on the “management” approach. The management approach designates the internal reporting used by management to make decisions on and assess performance of the Company’s reportable segments. CONSOL Energy consists of two reportable segments. The PAMC includes the Bailey Mine, the Enlow Fork Mine, the Harvey Mine and a centralized preparation plant. The PAMC segment’s principal activities include the mining, preparation and marketing of thermal coal. The CONSOL Marine Terminal provides coal export terminal services through the Port of Baltimore. Selling, general and administrative costs are allocated to the Company’s segments based on a percentage of resources utilized, a percentage of total revenue and a percentage of total projected capital expenditures. CONSOL Energy’s Other segment includes revenue and expenses from various corporate and diversified business activities that are not none not The Company evaluates the performance of its segments utilizing Adjusted EBITDA and various sales and production metrics. Adjusted EBITDA is not not may not The CONSOL Marine Terminal has been disclosed in CONSOL Energy’s Other segment during prior years due to its relative contribution to the Company’s Adjusted EBITDA. The recent COVID- 19 2020 December 31, 2020, 10 Industry segment results for the year ended December 31, 2020 CONSOL Adjustments Marine and PAMC Terminal Other Eliminations Consolidated Coal Revenue $ 771,363 $ — $ 1,299 $ — $ 772,662 (A) Terminal Revenue — 66,810 — — 66,810 Freight Revenue 39,990 — — — 39,990 Total Revenue and Freight $ 811,353 $ 66,810 $ 1,299 $ — $ 879,462 Adjusted EBITDA $ 228,211 $ 44,356 $ (11,044 ) $ — $ 261,523 Segment Assets $ 1,864,514 $ 108,711 $ 550,141 $ — $ 2,523,366 Depreciation, Depletion and Amortization $ 198,272 $ 5,095 $ 7,393 $ — $ 210,760 Capital Expenditures $ 70,195 $ 1,455 $ 14,354 $ — $ 86,004 Industry segment results for the year ended December 31, 2019 CONSOL Adjustments Marine and PAMC Terminal Other Eliminations Consolidated Coal Revenue $ 1,288,529 $ — $ — $ — $ 1,288,529 (A) Terminal Revenue — 67,363 — — 67,363 Freight Revenue 19,667 — — — 19,667 Total Revenue and Freight $ 1,308,196 $ 67,363 $ — $ — $ 1,375,559 Adjusted EBITDA $ 394,354 $ 44,491 $ (32,909 ) $ — $ 405,936 Segment Assets $ 1,981,721 $ 87,558 $ 624,523 $ — $ 2,693,802 Depreciation, Depletion and Amortization $ 185,616 $ 4,078 $ 17,403 $ — $ 207,097 Capital Expenditures $ 148,709 $ 6,675 $ 14,355 $ — $ 169,739 Industry segment results for the year ended December 31, 2018 CONSOL Adjustments Marine and PAMC Terminal Other Eliminations Consolidated Coal Revenue $ 1,364,292 $ — $ — $ — $ 1,364,292 (A) Terminal Revenue — 64,926 — — 64,926 Freight Revenue 43,572 — — — 43,572 Total Revenue and Freight $ 1,407,864 $ 64,926 $ — $ — $ 1,472,790 Adjusted EBITDA $ 479,969 $ 40,901 $ (36,134 ) $ — $ 484,736 Segment Assets $ 1,894,209 $ 84,929 $ 781,589 $ — $ 2,760,727 Depreciation, Depletion and Amortization $ 178,969 $ 3,782 $ 18,513 $ — $ 201,264 Capital Expenditures $ 124,570 $ 5,475 $ 15,704 $ — $ 145,749 (A) For the years ended December 31, 2020, 2019 2018 10% For the Years Ended December 31, 2020 2019 2018 Customer A $ 134,354 $ 242,703 $ 283,703 Customer B $ 173,461 $ 446,403 $ 274,755 Customer C $ 116,536 $ 215,099 $ 214,152 Reconciliation of Segment Information to Consolidated Amounts: Revenue and Other Income: For the Years Ended December 31, 2020 2019 2018 Total Segment Revenue and Freight from External Customers $ 879,462 $ 1,375,559 $ 1,472,790 Other Income not Allocated to Segments (Note 4) 126,886 53,349 58,660 Gain on Sale of Assets 15,295 1,995 565 Total Consolidated Revenue and Other Income $ 1,021,643 $ 1,430,903 $ 1,532,015 Adjusted EBITDA: For the Years Ended December 31, 2020 2019 2018 (Loss) Earnings Before Income Tax $ (9,242 ) $ 98,097 $ 187,613 Interest Expense, net 61,186 66,464 83,848 (Gain) Loss on Debt Extinguishment (21,352 ) 24,455 3,922 Interest Income (1,230 ) (2,937 ) (2,146 ) Depreciation, Depletion and Amortization 210,760 207,097 201,264 CCR Merger Fees 9,822 — — Stock/Unit-Based Compensation 11,579 12,760 10,235 Adjusted EBITDA $ 261,523 $ 405,936 $ 484,736 Total Assets: December 31, 2020 2019 Segment Assets for Total Reportable Business Segments $ 1,973,225 $ 2,069,279 Segment Assets for All Other Business Segments 437,307 427,782 Items Excluded from Segment Assets: Cash and Other Investments 44,013 93,236 Deferred Tax Assets 68,821 103,505 Total Consolidated Assets $ 2,523,366 $ 2,693,802 Enterprise-Wide Disclosures: For the years ended December 31, 2020, 2019 2018, No 10% December 31, 2020, 2019 2018. CONSOL Energy's property, plant and equipment is predominantly located in the United States. At December 31, 2020 2019, |
Note 24 - Related Party Transac
Note 24 - Related Party Transactions | 12 Months Ended |
Dec. 31, 2020 | |
Notes to Financial Statements | |
Related Party Transactions Disclosure [Text Block] | NOTE 24 RELATED PARTY TRANSACTIONS Transactions with the Company's Former Parent ( 2017 Transition Services Agreements The Company entered into a transition services agreement (“TSA”) and certain other agreements in connection with the separation and distribution agreement with its former parent to cover certain continued corporate services provided by the Company and its former parent to each other following the completion of the separation and distribution. In connection with the separation and distribution, the Company began to set up its own corporate functions, and pursuant to the TSA, the Company's former parent provided various corporate support services, including certain accounting, human resources, information technology, office and building, risk, security, tax and treasury, building security and tax services, as well as certain regulatory compliance services required during the period in which the Company remained a majority-owned subsidiary of its former parent. The TSA expired in February 2019. not December 31, 2019 2018, Former Parent Receivables and Payables The Company had a receivable from its former parent of $6,791 at December 31, 2019, December 31, 2020. During the year ended December 31, 2018, CONSOL Coal Resources LP On December 30, 2020, 2 8 10 third CONSOL Energy, certain of its subsidiaries and the Partnership are party to an Omnibus Agreement, dated September 30, 2016, November 28, 2017 ( On November 28, 2017, June 5, 2020 ( On June 5, 2020, eight December 28, 2024. December 31, 2020, 2019 2018 first In August 2019, June 30, 2019, one one not Charges for services from the Company to CCR include the following: For the Years Ended December 31, 2020 2019 2018 Operating and Other Costs $ 3,820 $ 3,219 $ 2,918 Selling, General and Administrative Costs 9,604 8,309 8,300 Total Services from CONSOL Energy $ 13,424 $ 11,528 $ 11,218 Operating and Other Costs include pension service costs and insurance expenses. Selling, General and Administrative Costs include charges for incentive compensation, an annual administrative support fee and reimbursement for the provision of certain management and operating services provided by the Company. At December 31, 2019 In May 2019, 5 None December 31, 2020 December 31, 2019 |
Note 25 - Subsequent Events
Note 25 - Subsequent Events | 12 Months Ended |
Dec. 31, 2020 | |
Notes to Financial Statements | |
Subsequent Events [Text Block] | NOTE 25 SUBSEQUENT EVENTS The Company has evaluated all subsequent events through the date the financial statements were issued. No |
Significant Accounting Policies
Significant Accounting Policies (Policies) | 12 Months Ended |
Dec. 31, 2020 | |
Accounting Policies [Abstract] | |
Consolidation, Policy [Policy Text Block] | Basis of Consolidation The Consolidated Financial Statements include the accounts of CONSOL Energy Inc. and its wholly-owned and majority-owned and/or controlled subsidiaries. The portion of these entities that is not |
Use of Estimates, Policy [Policy Text Block] | Use of Estimates The preparation of financial statements in conformity with accounting principles generally accepted in the United States of America requires management to make estimates and assumptions that affect the reported amounts of assets, liabilities, revenues and expenses, as well as various disclosures. Actual results could differ from those estimates. The most significant estimates included in the preparation of the consolidated financial statements are related to other postretirement benefits, coal workers' pneumoconiosis, workers' compensation, salary retirement benefits, stock-based compensation, asset retirement obligations, deferred income tax assets and liabilities, contingencies and the values of coal properties. |
Cash and Cash Equivalents, Policy [Policy Text Block] | Cash and Cash Equivalents Cash and cash equivalents include cash on hand and on deposit at banking institutions as well as all highly liquid short-term securities with original maturities of three |
Cash and Cash Equivalents, Restricted Cash and Cash Equivalents, Policy [Policy Text Block] | Restricted Cash Restricted cash represents cash collateral supporting the Company's surety bond portfolio and letters of credit issued under the Company's accounts receivable securitization program. As of December 31, 2020 2019, no |
Accounts Receivable [Policy Text Block] | Trade Receivables and Allowance for Credit Losses Trade receivables are recorded at the invoiced amount and do not 7 no one December 31, 2020 2019 |
Inventory, Policy [Policy Text Block] | Inventories Inventories are stated at the lower of cost or net realizable value. The cost of coal inventories is determined by the first first |
Property, Plant and Equipment, Policy [Policy Text Block] | Property, Plant and Equipment Property, plant and equipment is recorded at cost upon acquisition. Expenditures which extend the useful lives of existing plant and equipment are capitalized. Interest costs applicable to major asset additions are capitalized during the construction period. Costs of additional mine facilities required to maintain production after a mine reaches the production stage, generally referred to as “receding face costs,” are expensed as incurred; however, the costs of additional airshafts and new portals are capitalized. Planned major maintenance costs which do not Coal exploration costs are expensed as incurred. Coal exploration costs include those incurred to ascertain existence, location, extent or quality of ore or minerals before beginning the development stage of the mine. Costs of developing new underground mines and certain underground expansion projects are capitalized. Underground development costs, which are costs incurred to make the mineral physically accessible, include costs to prepare property for shafts, driving main entries for ventilation, haulage, personnel, construction of airshafts, roof protection and other facilities. Airshafts and capitalized mine development associated with a coal reserve are amortized on a units-of-production basis as the coal is produced so that each ton of coal is assigned a portion of the unamortized costs. The Company employs this method to match costs with the related revenues realized in a particular period. Rates are updated when revisions to coal reserve estimates are made. Coal reserve estimates are reviewed when information becomes available that indicates a reserve change is needed, or at a minimum once a year. Any material effect from changes in estimates is disclosed in the period the change occurs. Amortization of development costs begins when the development phase is complete and the production phase begins. At an underground mine, the end of the development phase and the beginning of the production phase takes place when construction of the mine for economic extraction is substantially complete. Coal extracted during the development phase is incidental to the mine’s production capacity and is not Coal reserves are either owned in fee or controlled by lease. The duration of the leases vary; however, the lease terms are generally extended automatically to the exhaustion of economically recoverable reserves, as long as active mining continues. Coal interests held by lease provide the same rights as fee ownership for mineral extraction and are legally considered real property interests. Depletion of leased coal interests is computed using the units-of-production method over recoverable coal reserves. The Company also makes advance payments (advanced mining royalties) to lessors under certain lease agreements that are recoupable against future production, and it makes payments that are generally based upon a specified rate per ton or a percentage of gross realization from the sale of the coal. The Company evaluates its properties for impairment issues whenever events or circumstances indicate that the carrying amount may not Costs to obtain coal lands are capitalized based on the cost at acquisition and are amortized using the units-of-production method over all estimated recoverable reserve tons assigned and accessible to the mine. Recoverable coal reserves are estimated on a clean coal ton equivalent, which excludes non-recoverable coal reserves and anticipated central preparation plant processing refuse. Rates are updated when revisions to coal reserve estimates are made. Coal reserve estimates are reviewed when events and circumstances indicate a reserve change is needed, or at a minimum once a year. Amortization of coal interests begins when the coal reserve is produced. At an underground mine, a ton is considered produced once it reaches the surface area of the mine. Any material effect from changes in estimates is disclosed in the period the change occurs. Advance mining royalties are advance payments made to lessors under terms of mineral lease agreements that are recoupable against future production using the units-of-production method. Depletion of leased coal interests is computed using the units-of-production method over recoverable coal reserves. Advance mining royalties and leased coal interests are evaluated for impairment issues whenever events or changes in circumstances indicate that the carrying amount may not When properties are retired or otherwise disposed, the related cost and accumulated depreciation are removed from the respective accounts and any profit or loss on disposition is recognized in Gain on Sale of Assets in the Consolidated Statements of Income. Depreciation of plant and equipment is calculated using the straight-line method over the estimated useful lives or lease terms, generally as follows: Years Buildings and improvements 10 to 45 Machinery and equipment 3 to 25 Leasehold improvements Life of Lease |
Interest Capitalization, Policy [Policy Text Block] | Capitalization of Interest Interest costs associated with the development of significant properties and projects are capitalized until the project is substantially complete and ready for its intended use. A weighted average cost of borrowing rate is used. For the years ended December 31, 2020, 2019 2018 |
Impairment or Disposal of Long-Lived Assets, Policy [Policy Text Block] | Impairment of Long-lived Assets Impairment of long-lived assets is recorded when indicators of impairment are present and the undiscounted cash flows estimated to be generated by those assets are less than the assets' carrying value. The carrying value of the assets is then reduced to its estimated fair value which is usually measured based on an estimate of future discounted cash flows. There were no no December 31, 2020, 2019 2018 |
Income Tax, Policy [Policy Text Block] | Income Taxes The Company files a consolidated federal income tax return and utilizes the asset and liability method to account for income taxes. The provision for income taxes represents amounts paid or estimated to be payable, net of amounts refunded or estimated to be refunded, for the current year and the change in deferred taxes, exclusive of amounts recorded in Other Comprehensive Income (Loss). Any refinements to prior years’ taxes made due to subsequent information are reflected as adjustments in the current period. Deferred income tax assets and liabilities are determined based on temporary differences between the financial reporting and tax bases of assets and liabilities and are recognized using enacted tax rates for the effect of such temporary differences. Deferred tax assets are reduced by a valuation allowance if it is more likely than not not In accounting for uncertainty in income taxes of a tax position taken or expected to be taken in a tax return, the Company utilizes a recognition threshold and measurement attribute for the financial statement recognition and measurement. The recognition threshold requires the Company to determine whether it is more likely than not not 50% |
Pension and Other Postretirement Plans, Nonpension Benefits, Policy [Policy Text Block] | Postretirement Benefits Other Than Pensions Postretirement benefit obligations established by the Coal Industry Retiree Health Benefit Act of 1992 |
Postemployment Benefit Plans, Policy [Policy Text Block] | Pneumoconiosis Benefits and Workers' Compensation CONSOL Energy is required by federal and state statutes to provide benefits to certain current and former totally disabled employees or their dependents for awards related to coal workers' pneumoconiosis. CONSOL Energy is also required by various state statutes to provide workers' compensation benefits for employees who sustain employment-related physical injuries or some types of occupational disease. Workers' compensation benefits include compensation for disability, medical costs, and on some occasions, the cost of rehabilitation. CONSOL Energy is primarily self-insured for these benefits. Provisions for estimated benefits are determined on an actuarial basis. |
Asset Retirement Obligation [Policy Text Block] | Asset Retirement Obligations Mine closing costs and costs associated with dismantling and removing de-gasification facilities are accrued using the accounting treatment prescribed by the Asset Retirement and Environmental Obligations Topic of the FASB Accounting Standards Codification. This topic requires the fair value of an asset retirement obligation be recognized in the period in which it is incurred if a reasonable estimate of fair value can be made. For active locations, the present value of the estimated asset retirement obligation is capitalized as part of the carrying amount of the long-lived asset. For locations that have been fully depleted or closed, the present value of the change is recorded directly to the consolidated statements of income. Generally, the capitalized asset retirement obligation is depreciated on a units-of-production basis. Accretion of the asset retirement obligation is recognized over time and generally will escalate over the life of the producing asset. Accretion is included in Depreciation, Depletion and Amortization on the Consolidated Statements of Income. Asset retirement obligations primarily relate to the closure of mines, which includes treatment of water and the reclamation of land upon exhaustion of coal reserves. Accrued mine closing costs, perpetual care costs, reclamation and costs associated with dismantling and removing de-gasification facilities are regularly reviewed by management and are revised for changes in future estimated costs and regulatory requirements. |
Subsidence [Policy Text Block] | Subsidence Subsidence occurs when there is sinking or shifting of the ground surface due to the removal of underlying coal. Areas affected may not one |
Pension and Other Postretirement Plans, Pensions, Policy [Policy Text Block] | Retirement Plans CONSOL Energy has non-contributory defined benefit retirement plans. Effective December 31, 2015, |
Share-based Payment Arrangement [Policy Text Block] | Stock-Based Compensation Eligible CONSOL Energy employees have historically participated in equity-based compensation plans. CONSOL Energy recognizes compensation expense for all stock-based compensation awards based on the grant date fair value estimated in accordance with the provisions of the Stock Compensation Topic of the FASB Accounting Standards Codification. CONSOL Energy recognizes these compensation costs on a straight-line basis over the requisite service period of the award, which is generally the award's vesting term. Under the CCR 2015 may The General Partner has also granted equity-based phantom units that vest over a period of a director’s continued service. The phantom units will be paid in common units or an amount of cash equal to the fair market value of a unit based on the vesting date. The awards accelerated upon completion of the CCR Merger (see Note 2 |
Revenue from Contract with Customer [Policy Text Block] | Revenue Recognition Revenues are generally recognized when title passes to the customers and the price is fixed and determinable. Generally, title passes when coal is loaded at the central preparation facility and, on occasion, at terminal locations or other customer destinations. The Company's coal contract revenue per ton is fixed and determinable and adjusted for nominal quality adjustments. Some coal contracts also contain positive electric power price-related adjustments in addition to a fixed base price per ton. The Company’s coal contracts generally do not 3 |
Freight Revenue and Expense [Policy Text Block] | Freight Revenue and Expense Shipping and handling costs invoiced to coal customers and paid to third |
Commitments and Contingencies, Policy [Policy Text Block] | Contingencies From time to time, CONSOL Energy, or its subsidiaries, is subject to various lawsuits and claims with respect to such matters as personal injury, wrongful death, damage to property, exposure to hazardous substances, governmental regulations (including environmental remediation), employment and contract disputes, and other claims and actions arising out of the normal course of business. Liabilities are recorded when it is probable that obligations have been incurred and the amounts can be reasonably estimated. Estimates are developed through consultation with legal counsel involved in the defense of these matters and are based upon the nature of the lawsuit, progress of the case in court, view of legal counsel, prior experience in similar matters and management's intended response. Environmental liabilities are not third |
Derivatives, Policy [Policy Text Block] | Derivative Instruments The Company generally utilizes derivative instruments to manage exposures to interest rate risk on long-term debt. The Company enters into interest rate swaps in order to achieve a mix of fixed and variable rate debt that it deems appropriate. These interest rate swaps have been designated as cash flow hedges of future variable interest payments and are accounted for as an asset or a liability in the accompanying Consolidated Balance Sheets at their fair value (see Note 21 In a cash flow hedge, the Company hedges the risk of changes in future cash flows related to the underlying item being hedged. Changes in the fair value of the derivative instrument used as a hedge instrument in a cash flow hedge are recorded in other comprehensive income or loss. Amounts in other comprehensive income or loss are reclassified to earnings when the hedged transaction affects earnings and are classified in a manner consistent with the transaction being hedged. The Company evaluates the effectiveness of its hedging relationships both at the hedge's inception and on an ongoing basis. Any ineffective portion of the change in fair value of a derivative instrument used as a hedge instrument in a cash flow hedge is recognized immediately in earnings. |
Earnings Per Share, Policy [Policy Text Block] | Earnings per Share Basic earnings per share are computed by dividing net (loss) income attributable to CONSOL Energy Inc. shareholders by the weighted average shares outstanding during the reporting period. Dilutive earnings per share are computed similarly to basic earnings per share, except that the weighted average shares outstanding are increased to include additional shares from restricted stock units and performance share units, if dilutive. The number of additional shares is calculated by assuming that outstanding restricted stock units and performance share units were released, and that the proceeds from such activities were used to acquire shares of common stock at the average market price during the reporting period. The table below sets forth the share-based awards that have been excluded from the computation of diluted earnings per share because their effect would be anti-dilutive: For the Years Ended December 31, 2020 2019 2018 Anti-Dilutive Restricted Stock Units 1,400,950 175,752 620 Anti-Dilutive Performance Share Units 110,470 20,202 6,363 1,511,420 195,954 6,983 The computations for basic and dilutive (loss) earnings per share are as follows: For the Years Ended Dollars in thousands, except per share data December 31, 2020 2019 2018 Numerator: Net (Loss) Income $ (13,214 ) $ 93,558 $ 178,785 Less: Net (Loss) Income Attributable to Noncontrolling Interest (3,459 ) 17,557 25,809 Net (Loss) Income Attributable to CONSOL Energy Inc. Shareholders $ (9,755 ) $ 76,001 $ 152,976 Denominator: Weighted-average shares of common stock outstanding 26,066,971 26,938,339 27,928,245 Effect of dilutive shares * — 132,769 491,517 Weighted-average diluted shares of common stock outstanding 26,066,971 27,071,108 28,419,762 (Loss) Earnings per Share: Basic $ (0.37 ) $ 2.82 $ 5.48 Dilutive $ (0.37 ) $ 2.81 $ 5.38 * During periods in which the Company incurs a net loss, diluted weighted average shares outstanding are equal to basic weighted average shares outstanding because the effect of all equity awards is anti-dilutive. As of December 31, 2020 none Shares of common stock outstanding were as follows: 2020 2019 2018 Balance, Beginning of Year 25,932,618 27,437,844 27,973,281 Issuance Related to CCR Merger (1) 7,967,690 — — Retirement Related to Stock Repurchase (2) — (1,717,497 ) (708,245 ) Issuance Related to Stock-Based Compensation (3) 131,066 212,271 172,808 Balance, End of Year 34,031,374 25,932,618 27,437,844 ( 1 See Note 2 ( 2 See Note 5 ( 3 See Note 18 |
New Accounting Pronouncements, Policy [Policy Text Block] | Recent Accounting Pronouncements In January 2021, 2021 01 848 848 848, 848 March 12, 2020. not In March 2020, 2020 04 848 March 12, 2020 December 31, 2022. may March 12, 2020, March 12, 2020, March 12, 2020. not In January 2020, 2020 01 321 323 815 321, 323, 815, 825, December 15, 2020, not In December 2019, 2019 12 740 2019 12 1 2 3 2019 12 not December 15, 2020, not In August 2018, 2018 14 715 20 December 15, 2020, 2020, no |
Reclassification, Comparability Adjustment [Policy Text Block] | Reclassifications During the year ended December 31, 2020, 23 2019 2018 2020 December 31, 2019, 2018 2019, no |
Note 1 - Significant Accounti_2
Note 1 - Significant Accounting Policies (Tables) | 12 Months Ended |
Dec. 31, 2020 | |
Notes Tables | |
Property, Plant, and Equipment, Useful Life [Table Text Block] | Years Buildings and improvements 10 to 45 Machinery and equipment 3 to 25 Leasehold improvements Life of Lease |
Schedule of Antidilutive Securities Excluded from Computation of Earnings Per Share [Table Text Block] | For the Years Ended December 31, 2020 2019 2018 Anti-Dilutive Restricted Stock Units 1,400,950 175,752 620 Anti-Dilutive Performance Share Units 110,470 20,202 6,363 1,511,420 195,954 6,983 |
Schedule of Earnings Per Share, Basic and Diluted [Table Text Block] | For the Years Ended Dollars in thousands, except per share data December 31, 2020 2019 2018 Numerator: Net (Loss) Income $ (13,214 ) $ 93,558 $ 178,785 Less: Net (Loss) Income Attributable to Noncontrolling Interest (3,459 ) 17,557 25,809 Net (Loss) Income Attributable to CONSOL Energy Inc. Shareholders $ (9,755 ) $ 76,001 $ 152,976 Denominator: Weighted-average shares of common stock outstanding 26,066,971 26,938,339 27,928,245 Effect of dilutive shares * — 132,769 491,517 Weighted-average diluted shares of common stock outstanding 26,066,971 27,071,108 28,419,762 (Loss) Earnings per Share: Basic $ (0.37 ) $ 2.82 $ 5.48 Dilutive $ (0.37 ) $ 2.81 $ 5.38 |
Schedule of Stock by Class [Table Text Block] | 2020 2019 2018 Balance, Beginning of Year 25,932,618 27,437,844 27,973,281 Issuance Related to CCR Merger (1) 7,967,690 — — Retirement Related to Stock Repurchase (2) — (1,717,497 ) (708,245 ) Issuance Related to Stock-Based Compensation (3) 131,066 212,271 172,808 Balance, End of Year 34,031,374 25,932,618 27,437,844 |
Note 3 - Revenue (Tables)
Note 3 - Revenue (Tables) | 12 Months Ended |
Dec. 31, 2020 | |
Notes Tables | |
Disaggregation of Revenue [Table Text Block] | For the Year Ended For the Year Ended For the Year Ended December 31, 2020 December 31, 2019 December 31, 2018 Coal Revenue $ 772,662 $ 1,288,529 $ 1,364,292 Terminal Revenue 66,810 67,363 64,926 Freight Revenue 39,990 19,667 43,572 Total Revenue from Contracts with Customers $ 879,462 $ 1,375,559 $ 1,472,790 |
Note 4 - Miscellaneous Other _2
Note 4 - Miscellaneous Other Income (Tables) | 12 Months Ended |
Dec. 31, 2020 | |
Notes Tables | |
Interest and Other Income [Table Text Block] | For the Years Ended December 31, 2020 2019 2018 Contract Buyout $ 44,703 $ 9,959 $ 350 Sale of Certain Mining Rights 39,437 — — Sale of Certain Coal Lease Contracts 17,847 — — Royalty Income - Non-Operated Coal 12,032 22,208 24,722 Litigation Proceeds 8,624 — — Rental Income 1,314 2,517 3,804 Interest Income 1,230 2,937 2,146 Property Easements and Option Income 907 1,631 5,644 Purchased Coal Sales — 12,385 19,152 Other 792 1,712 2,842 Miscellaneous Other Income $ 126,886 $ 53,349 $ 58,660 |
Note 6 - Income Taxes (Tables)
Note 6 - Income Taxes (Tables) | 12 Months Ended |
Dec. 31, 2020 | |
Notes Tables | |
Schedule of Components of Income Tax Expense (Benefit) [Table Text Block] | For The Years Ended December 31, 2020 2019 2018 Current: U.S. Federal $ (5,933 ) $ 15,905 $ 20,634 U.S. State (2,294 ) 4,717 3,240 Non-U.S. 514 1,336 1,436 (7,713 ) 21,958 25,310 Deferred: U.S. Federal 10,936 (9,386 ) (7,509 ) U.S. State 749 (8,033 ) (8,973 ) 11,685 (17,419 ) (16,482 ) Total Income Tax Expense $ 3,972 $ 4,539 $ 8,828 |
Schedule of Effective Income Tax Rate Reconciliation [Table Text Block] | For the Years Ended December 31, 2020 2019 2018 Amount Percent Amount Percent Amount Percent Statutory U.S. federal income tax rate $ (1,941 ) 21.0 % $ 20,600 21.0 % $ 39,399 21.0 % State income taxes, net of federal tax benefit (1,109 ) 12.0 3,125 3.2 3,240 1.7 Effect of foreign income taxes 406 (4.4 ) 1,336 1.4 28 — Excess tax depletion — — (13,141 ) (13.4 ) (20,873 ) (11.1 ) Effect of change in U.S. tax law — — — — 2,777 1.5 Compensation 1,310 (14.2 ) 1,799 1.8 935 0.5 Valuation allowance 1,479 (16.0 ) 1,400 1.4 (1,379 ) (0.7 ) Tax credits 1,150 (12.4 ) (2,536 ) (2.6 ) (980 ) (0.5 ) Non-controlling interest 726 (7.9 ) (3,687 ) (3.8 ) (5,420 ) (2.9 ) State rate change and prior period adjustments 1,797 (19.4 ) (4,565 ) (4.6 ) (9,448 ) (5.0 ) Other 154 (1.6 ) 208 0.2 549 0.3 Income Tax Expense / Effective Rate $ 3,972 (42.9 )% $ 4,539 4.6 % $ 8,828 4.8 % |
Schedule of Deferred Tax Assets and Liabilities [Table Text Block] | December 31, 2020 2019 Deferred Tax Asset: Postretirement benefits other than pensions $ 101,673 $ 110,504 Pneumoconiosis benefits 60,284 52,521 Asset retirement obligations 56,779 60,260 Workers' compensation 17,493 16,750 Mine subsidence 17,271 17,110 Operating lease liability 11,377 14,757 Salary retirement 9,446 14,761 State bonus, net of Federal 6,918 7,042 Net operating loss 6,134 — Compensation 5,158 3,841 Long-term disability 2,757 3,031 Financing 2,077 16,806 Foreign tax credits — 1,400 Other 4,175 2,456 Total Deferred Tax Asset 301,542 321,239 Valuation Allowance (2,879 ) (1,400 ) Net Deferred Tax Asset 298,663 319,839 Deferred Tax Liability: Property, plant and equipment (172,026 ) (173,849 ) Equity Partnerships (35,570 ) (17,028 ) Right of use assets (11,338 ) (14,757 ) Advance mining royalties (10,908 ) (10,700 ) Total Deferred Tax Liability (229,842 ) (216,334 ) Net Deferred Tax Asset $ 68,821 $ 103,505 |
Note 7 - Credit Losses (Tables)
Note 7 - Credit Losses (Tables) | 12 Months Ended |
Dec. 31, 2020 | |
Notes Tables | |
Accounting Standards Update and Change in Accounting Principle [Table Text Block] | January 1, 2020 As Reported Under ASC 326 Pre-ASC 326 Adoption Impact of ASC 326 Adoption Trade Receivables $ 3,051 $ 2,100 $ 951 Other Receivables 3,372 711 2,661 Other Assets 795 — 795 Allowance for Credit Losses on Receivables $ 7,218 $ 2,811 $ 4,407 |
Accounts Receivable, Allowance for Credit Loss [Table Text Block] | Trade Receivables Other Receivables Other Assets Beginning Balance, January 1, 2020 $ 2,100 $ 711 $ — Adoption of ASU 2016-13, cumulative-effect adjustment to retained earnings 951 2,661 795 Provision for expected credit losses 1,375 1,338 866 Ending Balance, December 31, 2020 $ 4,426 $ 4,710 $ 1,661 |
Note 8 - Asset Retirement Obl_2
Note 8 - Asset Retirement Obligations (Tables) | 12 Months Ended |
Dec. 31, 2020 | |
Notes Tables | |
Schedule of Change in Asset Retirement Obligation [Table Text Block] | As of December 31, 2020 2019 Balance at Beginning of Period $ 271,952 $ 267,001 Accretion Expense 17,905 20,116 Payments (13,529 ) (13,030 ) Revisions in Estimated Cash Flows (9,248 ) (2,135 ) Other (18,311 ) — Balance at End of Period $ 248,769 $ 271,952 |
Note 9 - Inventories (Tables)
Note 9 - Inventories (Tables) | 12 Months Ended |
Dec. 31, 2020 | |
Notes Tables | |
Schedule of Inventory, Current [Table Text Block] | December 31, 2020 2019 Coal $ 7,163 $ 2,484 Supplies 49,037 51,647 Total Inventories $ 56,200 $ 54,131 |
Note 10 - Property, Plant and_2
Note 10 - Property, Plant and Equipment (Tables) | 12 Months Ended |
Dec. 31, 2020 | |
Notes Tables | |
Property, Plant and Equipment [Table Text Block] | December 31, 2020 2019 Plant and Equipment $ 3,134,149 $ 3,028,514 Coal Properties and Surface Lands 874,567 872,909 Airshafts 452,976 437,003 Mine Development 354,691 342,706 Advance Mining Royalties 327,313 327,048 Total Property, Plant and Equipment 5,143,696 5,008,180 Less: Accumulated Depreciation, Depletion and Amortization 3,094,634 2,916,015 Total Property, Plant and Equipment - Net $ 2,049,062 $ 2,092,165 |
Note 12 - Other Accrued Liabi_2
Note 12 - Other Accrued Liabilities (Tables) | 12 Months Ended |
Dec. 31, 2020 | |
Notes Tables | |
Schedule of Accrued Liabilities [Table Text Block] | December 31, 2020 2019 Subsidence Liability $ 89,554 $ 90,645 Accrued Payroll and Benefits 21,179 21,102 Accrued Other Taxes 7,126 4,753 Accrued Equipment Obligations 6,698 — Accrued Interest 6,236 6,281 Other 23,845 16,281 Current Portion of Long-Term Liabilities: Postretirement Benefits Other than Pensions 26,073 31,833 Asset Retirement Obligations 20,587 21,741 Operating Lease Liability 20,241 19,479 Pneumoconiosis Benefits 12,203 12,331 Workers' Compensation 9,653 11,323 Total Other Accrued Liabilities $ 243,395 $ 235,769 |
Note 13 - Debt (Tables)
Note 13 - Debt (Tables) | 12 Months Ended |
Dec. 31, 2020 | |
Notes Tables | |
Schedule of Long-term Debt Instruments [Table Text Block] | December 31, 2020 2019 Debt: Term Loan B due in September 2024 (Principal of $ 270,188 272,938 938 1,187 4.65% 6.30% $ 269,250 $ 271,751 11.00% 167,147 221,628 MEDCO Revenue Bonds in Series due September 2025 at 5.75% 102,865 102,865 Term Loan A due in March 2023 ( 5.50% 5.55% 66,250 88,750 Other Asset-Backed Financing Arrangements 2,813 9,289 Advance Royalty Commitments ( 13.68% 10.78% 2,185 1,895 Less: Unamortized Debt Issuance Costs 9,921 10,323 600,589 685,855 Less: Amounts Due in One Year* 33,731 32,053 Long-Term Debt $ 566,858 $ 653,802 |
Schedule of Maturities of Long-term Debt [Table Text Block] | Year ended December 31, Amount 2021 $ 33,731 2022 36,348 2023 12,526 2024 257,891 2025 270,184 Thereafter 768 Total Long-Term Debt Maturities $ 611,448 |
Note 14 - Leases (Tables)
Note 14 - Leases (Tables) | 12 Months Ended |
Dec. 31, 2020 | |
Notes Tables | |
Lease, Cost [Table Text Block] | December 31, 2020 2019 Fixed operating lease expense $ 24,359 $ 25,875 Variable operating lease expense 3,835 11,445 Total operating lease expense $ 28,194 $ 37,320 December 31, 2020 2019 Cash paid for amounts included in the measurement of operating lease liabilities $ 24,293 $ 25,675 ROU assets obtained in exchange for operating lease obligations — — December 31, 2020 2019 Amortization of right of use assets $ 24,066 $ 15,691 Interest expense 2,375 1,878 Total finance lease expense $ 26,441 $ 17,569 December 31, 2020 2019 Weighted average remaining lease term (in years) 2.68 1.69 Weighted average discount rate 5.79 % 5.20 % |
Assets and Liabilities, Lessee [Table Text Block] | December 31, Lease Assets and Liabilities Classification 2020 2019 Assets: Operating Lease ROU Assets Other Assets $ 53,436 $ 72,632 Liabilities: Current: Operating Lease Liabilities Other Accrued Liabilities $ 20,241 $ 19,479 Long-Term: Operating Lease Liabilities Operating Lease Liabilities $ 35,655 $ 55,413 Total Operating Lease Liabilities $ 55,896 $ 74,892 Weighted average remaining lease term (in years) 4.65 5.02 Weighted average discount rate 6.84 % 6.79 % |
Lessee, Lease, Liability, Maturity [Table Text Block] | Finance Operating Leases Leases 2021 $ 22,557 $ 23,358 2022 18,074 13,450 2023 16,623 6,395 2024 3,595 6,115 2025 320 4,619 Thereafter — 11,339 Total minimum lease payments 61,169 65,276 Less amount representing interest 4,851 9,380 Present value of minimum lease payments $ 56,318 $ 55,896 |
Note 15 - Pension and Other P_2
Note 15 - Pension and Other Postretirement Benefit Plans (Tables) | 12 Months Ended |
Dec. 31, 2020 | |
Notes Tables | |
Schedule of Changes in Accumulated Postemployment Benefit Obligations [Table Text Block] | Pension Benefits Other Postretirement Benefits at December 31, 2020 at December 31, 2019 2020 2019 2020 2019 Change in benefit obligation: Benefit obligation at beginning of period $ 720,098 $ 644,142 $ 464,329 $ 473,591 Service cost 1,183 3,950 — — Interest cost 20,176 25,101 12,795 18,320 Actuarial loss (gain) 84,663 95,078 (38,455 ) 4,761 Benefits and other payments (47,252 ) (48,173 ) (24,959 ) (32,343 ) Benefit obligation at end of period $ 778,868 $ 720,098 $ 413,710 $ 464,329 Change in plan assets: Fair value of plan assets at beginning of period $ 668,481 $ 578,347 $ — $ — Actual return on plan assets 118,403 136,976 — — Company contributions 1,346 1,331 24,959 32,343 Benefits and other payments (47,252 ) (48,173 ) (24,959 ) (32,343 ) Fair value of plan assets at end of period $ 740,978 $ 668,481 $ — $ — Funded status: Current liabilities $ (2,531 ) $ (1,687 ) $ (26,073 ) $ (31,833 ) Noncurrent liabilities (35,359 ) (49,930 ) (387,637 ) (432,496 ) Net obligation recognized $ (37,890 ) $ (51,617 ) $ (413,710 ) $ (464,329 ) Amounts recognized in accumulated other comprehensive loss consist of: Net actuarial loss $ 256,988 $ 255,830 $ 132,203 $ 179,937 Prior service credit — — (18,544 ) (20,949 ) Net amount recognized (before tax effect) $ 256,988 $ 255,830 $ 113,659 $ 158,988 |
Schedule of Net Benefit Costs [Table Text Block] | Pension Benefits Other Postretirement Benefits For the Years Ended December 31, For the Years Ended December 31, 2020 2019 2018 2020 2019 2018 Components of net periodic benefit (credit) cost: Service cost $ 1,183 $ 3,950 $ 1,150 $ — $ — $ — Interest cost 20,176 25,101 23,505 12,795 18,320 18,706 Expected return on plan assets (41,821 ) (40,457 ) (40,370 ) — — — Amortization of prior service credits — (367 ) (502 ) (2,405 ) (2,405 ) (2,405 ) Recognized net actuarial loss 6,922 5,958 8,715 9,277 9,262 16,205 Net periodic benefit (credit) cost $ (13,540 ) $ (5,815 ) $ (7,502 ) $ 19,667 $ 25,177 $ 32,506 |
Defined Benefit Plan, Plan with Accumulated Benefit Obligation in Excess of Plan Assets [Table Text Block] | As of December 31, 2020 2019 Projected benefit obligation $ 778,868 $ 720,098 Accumulated benefit obligation $ 778,618 $ 719,985 Fair value of plan assets $ 740,978 $ 668,481 |
Defined Benefit Plan, Assumptions [Table Text Block] | Pension Obligations Other Postretirement Obligations at December 31, at December 31, 2020 2019 2020 2019 Discount rate 2.36 % 3.28 % 2.39 % 3.27 % Rate of compensation increase 3.76 % 3.68 % — — Pension Benefits Other Postretirement Benefits For the Years Ended For the Years Ended December 31, December 31, 2020 2019 2018 2020 2019 2018 Discount rate 3.35 % 4.37 % 3.69 % 3.27 % 4.34 % 3.65 % Expected long-term return on plan assets 6.48 % 6.90 % 6.90 % — — — Rate of compensation increase 3.68 % 3.73 % 3.73 % — — — |
Schedule of Health Care Cost Trend Rates [Table Text Block] | At December 31, 2020 2019 Health care cost trend rate for next year 5.43 % 5.65 % Rate to which the cost trend is assumed to decline (ultimate trend rate) 4.50 % 4.50 % Year that the rate reaches ultimate trend rate 2038 2038 |
Schedule of Allocation of Plan Assets [Table Text Block] | Fair Value Measurements at December 31, 2020 Fair Value Measurements at December 31, 2019 Quoted Quoted Prices in Prices in Active Active Markets for Significant Significant Markets for Significant Significant Identical Observable Unobservable Identical Observable Unobservable Assets Inputs Inputs Assets Inputs Inputs Total (Level 1) (Level 2) (Level 3) Total (Level 1) (Level 2) (Level 3) Asset Category Cash/Accrued Income $ 100 $ 100 $ — $ — $ 97 $ 97 $ — $ — Mercer Common Collective Trusts (a) 740,878 — — — 668,384 — — — Total $ 740,978 $ 100 $ — $ — $ 668,481 $ 97 $ — $ — |
Schedule of Expected Benefit Payments [Table Text Block] | Other Pension Postretirement Benefits Benefits 2021 $ 44,391 $ 26,073 2022 $ 43,639 $ 25,250 2023 $ 43,112 $ 24,455 2024 $ 42,755 $ 23,581 2025 $ 41,291 $ 23,249 Year 2026-2030 $ 196,850 $ 110,456 |
Note 16- Coal Workers' Pneumo_2
Note 16- Coal Workers' Pneumoconiosis and Workers' Compensation (Tables) | 12 Months Ended |
Dec. 31, 2020 | |
Notes Tables | |
Schedule of Changes in Accumulated Postemployment Benefit Obligations [Table Text Block] | Pension Benefits Other Postretirement Benefits at December 31, 2020 at December 31, 2019 2020 2019 2020 2019 Change in benefit obligation: Benefit obligation at beginning of period $ 720,098 $ 644,142 $ 464,329 $ 473,591 Service cost 1,183 3,950 — — Interest cost 20,176 25,101 12,795 18,320 Actuarial loss (gain) 84,663 95,078 (38,455 ) 4,761 Benefits and other payments (47,252 ) (48,173 ) (24,959 ) (32,343 ) Benefit obligation at end of period $ 778,868 $ 720,098 $ 413,710 $ 464,329 Change in plan assets: Fair value of plan assets at beginning of period $ 668,481 $ 578,347 $ — $ — Actual return on plan assets 118,403 136,976 — — Company contributions 1,346 1,331 24,959 32,343 Benefits and other payments (47,252 ) (48,173 ) (24,959 ) (32,343 ) Fair value of plan assets at end of period $ 740,978 $ 668,481 $ — $ — Funded status: Current liabilities $ (2,531 ) $ (1,687 ) $ (26,073 ) $ (31,833 ) Noncurrent liabilities (35,359 ) (49,930 ) (387,637 ) (432,496 ) Net obligation recognized $ (37,890 ) $ (51,617 ) $ (413,710 ) $ (464,329 ) Amounts recognized in accumulated other comprehensive loss consist of: Net actuarial loss $ 256,988 $ 255,830 $ 132,203 $ 179,937 Prior service credit — — (18,544 ) (20,949 ) Net amount recognized (before tax effect) $ 256,988 $ 255,830 $ 113,659 $ 158,988 |
Schedule of Net Benefit Costs [Table Text Block] | Pension Benefits Other Postretirement Benefits For the Years Ended December 31, For the Years Ended December 31, 2020 2019 2018 2020 2019 2018 Components of net periodic benefit (credit) cost: Service cost $ 1,183 $ 3,950 $ 1,150 $ — $ — $ — Interest cost 20,176 25,101 23,505 12,795 18,320 18,706 Expected return on plan assets (41,821 ) (40,457 ) (40,370 ) — — — Amortization of prior service credits — (367 ) (502 ) (2,405 ) (2,405 ) (2,405 ) Recognized net actuarial loss 6,922 5,958 8,715 9,277 9,262 16,205 Net periodic benefit (credit) cost $ (13,540 ) $ (5,815 ) $ (7,502 ) $ 19,667 $ 25,177 $ 32,506 |
Schedule of Expected Benefit Payments [Table Text Block] | Other Pension Postretirement Benefits Benefits 2021 $ 44,391 $ 26,073 2022 $ 43,639 $ 25,250 2023 $ 43,112 $ 24,455 2024 $ 42,755 $ 23,581 2025 $ 41,291 $ 23,249 Year 2026-2030 $ 196,850 $ 110,456 |
Coal Workers Pneumoconiosis and Workers' Compensation [Member] | |
Notes Tables | |
Schedule of Changes in Accumulated Postemployment Benefit Obligations [Table Text Block] | CWP Workers' Compensation at December 31, at December 31, 2020 2019 2020 2019 Change in benefit obligation: Benefit obligation at beginning of period $ 214,473 $ 177,188 $ 71,480 $ 70,986 State administrative fees and insurance bond premiums — — 1,996 2,157 Service cost 4,603 3,791 6,276 5,685 Interest cost 6,206 7,001 1,844 2,585 Actuarial loss 29,510 39,827 1,897 1,536 Benefits paid (12,869 ) (13,334 ) (10,052 ) (11,469 ) Benefit obligation at end of period $ 241,923 $ 214,473 $ 73,441 $ 71,480 Funded status: Current assets $ — $ — $ 602 $ 1,037 Current liabilities (12,203 ) (12,331 ) (9,653 ) (11,323 ) Noncurrent liabilities (229,720 ) (202,142 ) (64,390 ) (61,194 ) Net obligation recognized $ (241,923 ) $ (214,473 ) $ (73,441 ) $ (71,480 ) Amounts recognized in accumulated other comprehensive loss consist of: Net actuarial loss (gain) $ 71,259 $ 47,352 $ (8,866 ) $ (11,250 ) Net amount recognized (before tax effect) $ 71,259 $ 47,352 $ (8,866 ) $ (11,250 ) |
Schedule of Net Benefit Costs [Table Text Block] | CWP Workers’ Compensation For the Years Ended For the Years Ended December 31, December 31, 2020 2019 2018 2020 2019 2018 Service cost $ 4,603 $ 3,791 $ 6,650 $ 6,276 $ 5,685 $ 6,230 Interest cost 6,206 7,001 5,245 1,844 2,585 2,283 Recognized net actuarial loss (gain) 5,604 1,016 (853 ) (488 ) (774 ) (79 ) State administrative fees and insurance bond premiums — — — 1,996 2,157 2,671 Net periodic benefit cost $ 16,413 $ 11,808 $ 11,042 $ 9,628 $ 9,653 $ 11,105 |
Schedule of Amounts in Accumulated Other Comprehensive Income (Loss) to be Recognized over Next Fiscal Year [Table Text Block] | CWP Workers' Compensation For the Years Ended For the Years Ended December 31, December 31, 2020 2019 2018 2020 2019 2018 Benefit obligations 2.53 % 3.41 % 4.42 % 2.35 % 3.25 % 4.26 % Net periodic benefit costs 3.41 % 4.42 % 3.75 % 3.25 % 4.26 % 3.57 % |
Schedule of Expected Benefit Payments [Table Text Block] | Workers' Compensation CWP Total Actuarial Other Benefits Benefits Benefits Benefits 2021 $ 12,203 $ 10,580 $ 9,051 $ 1,529 2022 $ 11,923 $ 10,392 $ 8,824 $ 1,568 2023 $ 11,762 $ 10,212 $ 8,605 $ 1,607 2024 $ 11,439 $ 10,151 $ 8,504 $ 1,647 2025 $ 11,304 $ 10,015 $ 8,327 $ 1,688 Year 2026-2030 $ 57,386 $ 50,445 $ 41,350 $ 9,095 |
Note 17 - Other Employee Bene_2
Note 17 - Other Employee Benefit Plans (Tables) | 12 Months Ended |
Dec. 31, 2020 | |
Notes Tables | |
Schedule of Defined Benefit Plans Disclosures [Table Text Block] | For the Years Ended December 31, 2020 2019 2018 Net periodic benefit costs $ 1,700 $ 1,483 $ 2,088 Discount rate assumption used to determine net periodic benefit costs 2.86 % 3.97 % 3.22 % |
Note 18 - Stock-based Compens_2
Note 18 - Stock-based Compensation (Tables) | 12 Months Ended |
Dec. 31, 2020 | |
Notes Tables | |
Schedule of Nonvested Restricted Stock Units Activity [Table Text Block] | Number of Weighted Average Shares Grant Date Fair Value Nonvested at December 31, 2019 453,336 $ 34.60 Granted 1,257,152 $ 7.81 Vested (172,429 ) $ 31.86 Forfeited (49,098 ) $ 12.42 Nonvested at December 31, 2020 1,488,961 $ 13.07 |
Schedule of Nonvested Performance-based Units Activity [Table Text Block] | Number of Weighted Average Shares Grant Date Fair Value Nonvested at December 31, 2019 193,265 $ 33.55 Granted 229,440 $ 8.60 Vested (33,665 ) $ 30.95 Forfeited (52,195 ) $ 38.66 Nonvested at December 31, 2020 336,845 $ 17.81 |
Note 19 - Supplemental Cash F_2
Note 19 - Supplemental Cash Flow Information (Tables) | 12 Months Ended |
Dec. 31, 2020 | |
Notes Tables | |
Schedule of Cash Flow, Supplemental Disclosures [Table Text Block] | For the Years Ended December 31, 2020 2019 2018 Cash Paid For: Interest (net of amounts capitalized) $ 62,997 $ 73,574 $ 92,926 Income taxes $ 1,476 $ 40,139 $ 12,834 |
Note 20 - Concentration of Cr_2
Note 20 - Concentration of Credit Risk and Major Customers (Tables) | 12 Months Ended |
Dec. 31, 2020 | |
Notes Tables | |
Schedules of Concentration of Risk, by Risk Factor [Table Text Block] | December 31, 2020 2019 Thermal coal utilities $ 32,343 $ 58,557 Coal exporters and distributors 82,948 73,416 Steel and coke producers 5,302 — Other 2,122 1,815 Total Trade Receivables 122,715 133,788 Less: Allowance for credit losses 4,426 2,100 Total Trade Receivables, net $ 118,289 $ 131,688 |
Note 21 - Fair Value of Finan_2
Note 21 - Fair Value of Financial Instruments (Tables) | 12 Months Ended |
Dec. 31, 2020 | |
Notes Tables | |
Fair Value, Assets Measured on Recurring Basis [Table Text Block] | Fair Value Measurements at Fair Value Measurements at December 31, 2020 December 31, 2019 Description Level 1 Level 2 Level 3 Level 1 Level 2 Level 3 Lease Guarantees $ — $ — $ (168 ) $ — $ — $ (482 ) Derivatives (1) $ — $ (2,834 ) $ — $ — $ (154 ) $ — |
Schedule of Carrying Values and Estimated Fair Values of Debt Instruments [Table Text Block] | December 31, 2020 December 31, 2019 Carrying Fair Carrying Fair Amount Value Amount Value Long-Term Debt $ 610,510 $ 517,862 $ 696,178 $ 642,018 |
Note 22 - Commitments and Con_2
Note 22 - Commitments and Contingent Liabilities (Tables) | 12 Months Ended |
Dec. 31, 2020 | |
Notes Tables | |
Schedule of Guarantor Obligations [Table Text Block] | Amount of Commitment Expiration Per Period Total Amounts Less Than Beyond Committed 1 Year 1-3 Years 3-5 Years 5 Years Letters of Credit: Employee-Related $ 75,776 $ 54,134 $ 21,642 $ — $ — Environmental 398 — 398 — — Other 80,982 33,282 47,700 — — Total Letters of Credit $ 157,156 $ 87,416 $ 69,740 $ — $ — Surety Bonds: Employee-Related $ 83,524 $ 83,524 $ — $ — $ — Environmental 563,705 559,155 4,550 — — Other 4,379 4,379 — — — Total Surety Bonds $ 651,608 $ 647,058 $ 4,550 $ — $ — Guarantees: Other $ 8,673 $ 6,538 $ 1,554 $ 398 $ 183 |
Note 23 - Segment Information (
Note 23 - Segment Information (Tables) | 12 Months Ended |
Dec. 31, 2020 | |
Notes Tables | |
Schedule of Segment Reporting Information, by Segment [Table Text Block] | CONSOL Adjustments Marine and PAMC Terminal Other Eliminations Consolidated Coal Revenue $ 771,363 $ — $ 1,299 $ — $ 772,662 (A) Terminal Revenue — 66,810 — — 66,810 Freight Revenue 39,990 — — — 39,990 Total Revenue and Freight $ 811,353 $ 66,810 $ 1,299 $ — $ 879,462 Adjusted EBITDA $ 228,211 $ 44,356 $ (11,044 ) $ — $ 261,523 Segment Assets $ 1,864,514 $ 108,711 $ 550,141 $ — $ 2,523,366 Depreciation, Depletion and Amortization $ 198,272 $ 5,095 $ 7,393 $ — $ 210,760 Capital Expenditures $ 70,195 $ 1,455 $ 14,354 $ — $ 86,004 CONSOL Adjustments Marine and PAMC Terminal Other Eliminations Consolidated Coal Revenue $ 1,288,529 $ — $ — $ — $ 1,288,529 (A) Terminal Revenue — 67,363 — — 67,363 Freight Revenue 19,667 — — — 19,667 Total Revenue and Freight $ 1,308,196 $ 67,363 $ — $ — $ 1,375,559 Adjusted EBITDA $ 394,354 $ 44,491 $ (32,909 ) $ — $ 405,936 Segment Assets $ 1,981,721 $ 87,558 $ 624,523 $ — $ 2,693,802 Depreciation, Depletion and Amortization $ 185,616 $ 4,078 $ 17,403 $ — $ 207,097 Capital Expenditures $ 148,709 $ 6,675 $ 14,355 $ — $ 169,739 CONSOL Adjustments Marine and PAMC Terminal Other Eliminations Consolidated Coal Revenue $ 1,364,292 $ — $ — $ — $ 1,364,292 (A) Terminal Revenue — 64,926 — — 64,926 Freight Revenue 43,572 — — — 43,572 Total Revenue and Freight $ 1,407,864 $ 64,926 $ — $ — $ 1,472,790 Adjusted EBITDA $ 479,969 $ 40,901 $ (36,134 ) $ — $ 484,736 Segment Assets $ 1,894,209 $ 84,929 $ 781,589 $ — $ 2,760,727 Depreciation, Depletion and Amortization $ 178,969 $ 3,782 $ 18,513 $ — $ 201,264 Capital Expenditures $ 124,570 $ 5,475 $ 15,704 $ — $ 145,749 |
Schedule of Revenue by Major Customers by Reporting Segments [Table Text Block] | For the Years Ended December 31, 2020 2019 2018 Customer A $ 134,354 $ 242,703 $ 283,703 Customer B $ 173,461 $ 446,403 $ 274,755 Customer C $ 116,536 $ 215,099 $ 214,152 |
Reconciliation of Revenue from Segments to Consolidated [Table Text Block] | For the Years Ended December 31, 2020 2019 2018 Total Segment Revenue and Freight from External Customers $ 879,462 $ 1,375,559 $ 1,472,790 Other Income not Allocated to Segments (Note 4) 126,886 53,349 58,660 Gain on Sale of Assets 15,295 1,995 565 Total Consolidated Revenue and Other Income $ 1,021,643 $ 1,430,903 $ 1,532,015 |
Schedule of Adjusted EBITDA [Table Text Block] | For the Years Ended December 31, 2020 2019 2018 (Loss) Earnings Before Income Tax $ (9,242 ) $ 98,097 $ 187,613 Interest Expense, net 61,186 66,464 83,848 (Gain) Loss on Debt Extinguishment (21,352 ) 24,455 3,922 Interest Income (1,230 ) (2,937 ) (2,146 ) Depreciation, Depletion and Amortization 210,760 207,097 201,264 CCR Merger Fees 9,822 — — Stock/Unit-Based Compensation 11,579 12,760 10,235 Adjusted EBITDA $ 261,523 $ 405,936 $ 484,736 |
Reconciliation of Assets from Segment to Consolidated [Table Text Block] | December 31, 2020 2019 Segment Assets for Total Reportable Business Segments $ 1,973,225 $ 2,069,279 Segment Assets for All Other Business Segments 437,307 427,782 Items Excluded from Segment Assets: Cash and Other Investments 44,013 93,236 Deferred Tax Assets 68,821 103,505 Total Consolidated Assets $ 2,523,366 $ 2,693,802 |
Note 24 - Related Party Trans_2
Note 24 - Related Party Transactions (Tables) | 12 Months Ended |
Dec. 31, 2020 | |
Notes Tables | |
Schedule of Related Party Transactions [Table Text Block] | For the Years Ended December 31, 2020 2019 2018 Operating and Other Costs $ 3,820 $ 3,219 $ 2,918 Selling, General and Administrative Costs 9,604 8,309 8,300 Total Services from CONSOL Energy $ 13,424 $ 11,528 $ 11,218 |
Note 1 - Significant Accounti_3
Note 1 - Significant Accounting Policies (Details Textual) - USD ($) $ in Thousands | 12 Months Ended | ||
Dec. 31, 2020 | Dec. 31, 2019 | Dec. 31, 2018 | |
Restricted Cash, Total | $ 0 | $ 0 | |
Capitalized Interest Costs, Including Allowance for Funds Used During Construction, Total | 1,911 | 6,686 | $ 6,033 |
Impairment of Long-Lived Assets Held-for-use | $ 0 | $ 0 | $ 0 |
Share-based Compensation Arrangement by Share-based Payment Award, Number of Shares Authorized (in shares) | 2,600,000 | ||
Preferred Stock, Shares Authorized (in shares) | 500,000 | ||
Preferred Stock, Shares Issued, Total (in shares) | 0 | ||
Preferred Stock, Shares Outstanding, Ending Balance (in shares) | 0 | ||
Common Units [Member] | |||
Share-based Compensation Arrangement by Share-based Payment Award, Number of Shares Authorized (in shares) | 2,300,000 |
Note 1 - Significant Accounti_4
Note 1 - Significant Accounting Policies - Depreciation of Property, Plant and Equipment (Details) | 12 Months Ended |
Dec. 31, 2020 | |
Minimum [Member] | Building and Building Improvements [Member] | |
Estimated useful life (Year) | 10 years |
Minimum [Member] | Machinery and Equipment [Member] | |
Estimated useful life (Year) | 3 years |
Maximum [Member] | Building and Building Improvements [Member] | |
Estimated useful life (Year) | 45 years |
Maximum [Member] | Machinery and Equipment [Member] | |
Estimated useful life (Year) | 25 years |
Note 1 - Significant Accounti_5
Note 1 - Significant Accounting Policies - Schedule of Antidilutive Securities (Details) - shares | 12 Months Ended | ||
Dec. 31, 2020 | Dec. 31, 2019 | Dec. 31, 2018 | |
Antidilutive securities (in shares) | 1,511,420 | 195,954 | 6,983 |
Restricted Stock Units (RSUs) [Member] | |||
Antidilutive securities (in shares) | 1,400,950 | 175,752 | 620 |
Performance Share Units [Member] | |||
Antidilutive securities (in shares) | 110,470 | 20,202 | 6,363 |
Note 1 - Significant Accounti_6
Note 1 - Significant Accounting Policies - Schedule of Basic and Dilutive Earnings Per Share (Details) - USD ($) $ / shares in Units, $ in Thousands | 12 Months Ended | |||
Dec. 31, 2020 | Dec. 31, 2019 | Dec. 31, 2018 | ||
Net (Loss) Income | $ (13,214) | $ 93,558 | $ 178,785 | |
Less: Net (Loss) Income Attributable to Noncontrolling Interest | (3,459) | 17,557 | 25,809 | |
Net (Loss) Income Attributable to CONSOL Energy Inc. Shareholders | $ (9,755) | $ 76,001 | $ 152,976 | |
Weighted-average shares of common stock outstanding (in shares) | 26,066,971 | 26,938,339 | 27,928,245 | |
Effect of dilutive shares * (in shares) | [1] | 0 | 132,769 | 491,517 |
Weighted-average diluted shares of common stock outstanding (in shares) | 26,066,971 | 27,071,108 | 28,419,762 | |
Basic (in dollars per share) | $ (0.37) | $ 2.82 | $ 5.48 | |
Dilutive (in dollars per share) | $ (0.37) | $ 2.81 | $ 5.38 | |
[1] | During periods in which the Company incurs a net loss, diluted weighted average shares outstanding are equal to basic weighted average shares outstanding because the effect of all equity awards is anti-dilutive. |
Note 1 - Significant Accounti_7
Note 1 - Significant Accounting Policies - Schedule of Common Stock Outstanding (Details) - shares | 12 Months Ended | |||
Dec. 31, 2020 | Dec. 31, 2019 | Dec. 31, 2018 | ||
Balance, Beginning of Year (in shares) | 25,932,618 | 27,437,844 | 27,973,281 | |
Issuance Related to CCR Merger (1) (in shares) | [1] | 7,967,690 | 0 | 0 |
Retirement Related to Stock Repurchase (2) (in shares) | [2] | 0 | (1,717,497) | (708,245) |
Issuance Related to Stock-Based Compensation (3) (in shares) | [3] | 131,066 | 212,271 | 172,808 |
Balance, End of Year (in shares) | 34,031,374 | 25,932,618 | 27,437,844 | |
[1] | See Note 2 - Major Transactions for additional information. | |||
[2] | See Note 5 - Stock, Unit and Debt Repurchases for additional information. | |||
[3] | See Note 18 - Stock-Based Compensation for additional information. |
Note 2 - Major Transactions (De
Note 2 - Major Transactions (Details Textual) $ in Thousands | Oct. 22, 2020USD ($)shares | Dec. 31, 2020USD ($)shares | Dec. 31, 2019USD ($)shares | Dec. 31, 2018USD ($)shares | |
Stock Issued During Period, Shares, Acquisitions (in shares) | shares | [1] | 7,967,690 | 0 | 0 | |
Business Combination, Acquisition Related Costs | $ 9,822 | $ 0 | $ 0 | ||
Income (Loss) From Sale of Contracts | 17,847 | 0 | 0 | ||
Gain (Loss) on Disposition of Assets, Total | 15,295 | 1,995 | $ 565 | ||
Settlement Transaction with Murray Energy [Member] | |||||
Income (Loss) From Sale of Contracts | 18,561 | ||||
Gain (Loss) on Disposition of Assets, Total | 6,230 | ||||
Income (Loss) From Expense Rebates Offset With Cure Costs | 1,940 | ||||
Other Receivables | 4,867 | $ 13,567 | |||
Other Assets, Total | $ 22,055 | ||||
Public Unitholders [Member] | CCR [Member] | |||||
Ownership, Oustanding Common Units, Percent | 39.30% | ||||
CONSOL Coal Resources L P [Member] | CCR [Member] | |||||
Ownership, Oustanding Common Units, Percent | 60.70% | ||||
CONSOL Coal Resources L P [Member] | |||||
Stock Issued During Period, Shares, Acquisitions (in shares) | shares | 7,967,690 | ||||
Business Combination, Consideration Transferred, Equity Interest Acquired, Shares (in shares) | shares | 10,912,138 | ||||
Business Combination, Consideration Transferred, Equity Interests, Shares, Exchange Ratio | 0.73 | ||||
Business Combination, Consideration Transferred, Total | $ 51,710 | ||||
CONSOL Coal Resources L P [Member] | Selling, General and Administrative Expenses [Member] | |||||
Business Combination, Acquisition Related Costs | $ 9,822 | ||||
[1] | See Note 2 - Major Transactions for additional information. |
Note 3 - Revenue (Details Textu
Note 3 - Revenue (Details Textual) - USD ($) $ in Thousands | 12 Months Ended | ||
Dec. 31, 2020 | Dec. 31, 2019 | Dec. 31, 2018 | |
Capitalized Contract Cost, Net, Total | $ 0 | $ 0 | $ 0 |
Capitalized Contract Cost, Amortization | 0 | 0 | 0 |
Contract with Customer, Liability, Revenue Recognized | $ 0 | $ 0 | $ 0 |
Note 3 - Revenue - Revenue (Det
Note 3 - Revenue - Revenue (Details) - USD ($) $ in Thousands | 12 Months Ended | |||
Dec. 31, 2020 | Dec. 31, 2019 | Dec. 31, 2018 | ||
Total Revenue from Contracts with Customers | $ 879,462 | $ 1,375,559 | $ 1,472,790 | |
Coal Revenue [Member] | ||||
Total Revenue from Contracts with Customers | [1] | 772,662 | 1,288,529 | 1,364,292 |
Terminal Revenue [Member] | ||||
Total Revenue from Contracts with Customers | 66,810 | 67,363 | 64,926 | |
Freight Revenue [Member] | ||||
Total Revenue from Contracts with Customers | $ 39,990 | $ 19,667 | $ 43,572 | |
[1] | For the years ended December 31, 2020, 2019 and 2018 , the PAMC segment had revenues from the following customers, each comprising over 10% of the Company's total sales: For the Years Ended December 31, 2020 2019 2018 Customer A $ 134,354 $ 242,703 $ 283,703 Customer B $ 173,461 $ 446,403 $ 274,755 Customer C $ 116,536 $ 215,099 $ 214,152 |
Note 4 - Miscellaneous Other _3
Note 4 - Miscellaneous Other Income - Miscellaneous Other Income (Details) - USD ($) $ in Thousands | 12 Months Ended | ||
Dec. 31, 2020 | Dec. 31, 2019 | Dec. 31, 2018 | |
Contract Buyout | $ 44,703 | $ 9,959 | $ 350 |
Sale of Certain Mining Rights | 39,437 | 0 | 0 |
Sale of Certain Coal Lease Contracts | 17,847 | 0 | 0 |
Royalty Income - Non-Operated Coal | 12,032 | 22,208 | 24,722 |
Litigation Proceeds | 8,624 | 0 | 0 |
Rental Income | 1,314 | 2,517 | 3,804 |
Interest Income | 1,230 | 2,937 | 2,146 |
Property Easements and Option Income | 907 | 1,631 | 5,644 |
Purchased Coal Sales | 0 | 12,385 | 19,152 |
Other | 792 | 1,712 | 2,842 |
Miscellaneous Other Income | $ 126,886 | $ 53,349 | $ 58,660 |
Note 5 - Stock, Unit and Debt_2
Note 5 - Stock, Unit and Debt Repurchases (Details Textual) - USD ($) $ / shares in Units, $ in Thousands | 9 Months Ended | 12 Months Ended | ||||||||||
Sep. 30, 2020 | Dec. 31, 2020 | Dec. 31, 2019 | Dec. 31, 2018 | May 31, 2020 | Jul. 31, 2019 | Jun. 30, 2019 | May 31, 2019 | Jul. 31, 2018 | Dec. 31, 2017 | Nov. 30, 2017 | ||
Stock Repurchase Program, Authorized Amount | $ 50,000 | |||||||||||
Stock and Debt Repurchase Program, Authorized Amount | $ 100,000 | |||||||||||
Shares repurchased (in shares) | [1] | 0 | 1,717,497 | 708,245 | ||||||||
Weighted Average [Member] | ||||||||||||
Share Price (in dollars per share) | $ 19.06 | $ 36.48 | ||||||||||
CONSOL Coal Resources L P [Member] | ||||||||||||
Stock Purchased During Period, Affiliated Entity Units (in shares) | 0 | 0 | 26,297 | 167,958 | ||||||||
Stock Purchased, Affiliated Entity, Average Cost Per Share (in dollars per share) | $ 14.05 | $ 18.33 | ||||||||||
CONSOL Coal Resources L P [Member] | ||||||||||||
Stock and Debt Repurchase Program, Authorized Amount | $ 270,000 | $ 200,000 | ||||||||||
Stock and Debt Repurchase Program, Additional Authorized Amount | $ 70,000 | $ 25,000 | ||||||||||
Stock and Debt Repurchase Program, Restricted Authorized Amount | $ 50,000 | |||||||||||
CONSOL Coal Resources L P Units Member | ||||||||||||
Stock and Debt Repurchase Program, Authorized Amount | 175,000 | |||||||||||
Stock and Debt Repurchase Program, Additional Authorized Amount | 75,000 | $ 25,000 | ||||||||||
Stock and Debt Repurchase Program, Restricted Authorized Amount | $ 50,000 | |||||||||||
Senior Secured Second Lien Notes due 2025 [Member] | ||||||||||||
Debt Instrument, Repurchase Amount | $ 54,481 | $ 52,648 | $ 25,724 | |||||||||
Senior Notes [Member] | Senior Secured Second Lien Notes due 2025 [Member] | ||||||||||||
Debt Instrument, Interest Rate, Stated Percentage | 11.00% | 11.00% | 11.00% | 11.00% | 11.00% | |||||||
[1] | See Note 5 - Stock, Unit and Debt Repurchases for additional information. |
Note 6 - Income Taxes (Details
Note 6 - Income Taxes (Details Textual) - USD ($) $ in Thousands | Dec. 31, 2020 | Dec. 31, 2019 |
Operating Loss Carryforwards, Not Subject to Expiration | $ 25,180 | |
Deferred Tax Assets, Valuation Allowance, Total | 2,879 | $ 1,400 |
Domestic Tax Authority [Member] | ||
Operating Loss Carryforwards, Total | 15,135 | |
State and Local Jurisdiction [Member] | ||
Operating Loss Carryforwards, Total | $ 40,032 |
Note 6 - Income Taxes - Schedul
Note 6 - Income Taxes - Schedule of Components of Income Tax Expense (Details) - USD ($) $ in Thousands | 12 Months Ended | ||
Dec. 31, 2020 | Dec. 31, 2019 | Dec. 31, 2018 | |
Current: | |||
U.S. Federal | $ (5,933) | $ 15,905 | $ 20,634 |
U.S. State | (2,294) | 4,717 | 3,240 |
Non-U.S. | 514 | 1,336 | 1,436 |
Current Income Tax Expense (Benefit), Total | (7,713) | 21,958 | 25,310 |
Deferred: | |||
U.S. Federal | 10,936 | (9,386) | (7,509) |
U.S. State | 749 | (8,033) | (8,973) |
Deferred Income Tax Expense (Benefit), Total | 11,685 | (17,419) | (16,482) |
Total Income Tax Expense | $ 3,972 | $ 4,539 | $ 8,828 |
Note 6 - Income Taxes - Sched_2
Note 6 - Income Taxes - Schedule of Reconciliation of Income Tax Expense (Details) - USD ($) $ in Thousands | 12 Months Ended | ||
Dec. 31, 2020 | Dec. 31, 2019 | Dec. 31, 2018 | |
Statutory U.S. federal income tax rate, amount | $ (1,941) | $ 20,600 | $ 39,399 |
Statutory U.S. federal income tax rate, percent | 21.00% | 21.00% | 21.00% |
State income taxes, net of federal tax benefit, amount | $ (1,109) | $ 3,125 | $ 3,240 |
State income taxes, net of federal tax benefit, percent | 12.00% | 3.20% | 1.70% |
Effect of foreign income taxes, amount | $ 406 | $ 1,336 | $ 28 |
Effect of foreign income taxes, percent | (4.40%) | 1.40% | 0.00% |
Excess tax depletion, amount | $ 0 | $ (13,141) | $ (20,873) |
Excess tax depletion, percent | 0.00% | (13.40%) | (11.10%) |
Effect of change in U.S. tax law, amount | $ 0 | $ 0 | $ 2,777 |
Effect of change in U.S. tax law, percent | 0.00% | 0.00% | 1.50% |
Compensation, amount | $ 1,310 | $ 1,799 | $ 935 |
Compensation, percent | (14.20%) | 1.80% | 0.50% |
Valuation allowance, amount | $ 1,479 | $ 1,400 | $ (1,379) |
Valuation allowance, percent | (16.00%) | 1.40% | (0.70%) |
Tax credits, amount | $ 1,150 | $ (2,536) | $ (980) |
Tax credits, percent | (12.40%) | (2.60%) | (0.50%) |
Non-controlling interest, amount | $ 726 | $ (3,687) | $ (5,420) |
Non-controlling interest, percent | (7.90%) | (3.80%) | (2.90%) |
State rate change and prior period adjustments, amount | $ 1,797 | $ (4,565) | $ (9,448) |
State rate change and prior period adjustments, percent | (19.40%) | (4.60%) | (5.00%) |
Other, amount | $ 154 | $ 208 | $ 549 |
Other, percent | (1.60%) | 0.20% | 0.30% |
Total Income Tax Expense | $ 3,972 | $ 4,539 | $ 8,828 |
Income Tax Expense / Effective Rate, percent | (42.90%) | 4.60% | 4.80% |
Note 6 - Income Taxes - Sched_3
Note 6 - Income Taxes - Schedule of Significant Components of Deferred Tax Assets and Liabilities (Details) - USD ($) $ in Thousands | Dec. 31, 2020 | Dec. 31, 2019 |
Deferred Tax Asset: | ||
Postretirement benefits other than pensions | $ 101,673 | $ 110,504 |
Pneumoconiosis benefits | 60,284 | 52,521 |
Asset retirement obligations | 56,779 | 60,260 |
Workers' compensation | 17,493 | 16,750 |
Mine subsidence | 17,271 | 17,110 |
Operating lease liability | 11,377 | 14,757 |
Salary retirement | 9,446 | 14,761 |
State bonus, net of Federal | 6,918 | 7,042 |
Net operating loss | 6,134 | 0 |
Compensation | 5,158 | 3,841 |
Long-term disability | 2,757 | 3,031 |
Financing | 2,077 | 16,806 |
Foreign tax credits | 0 | 1,400 |
Other | 4,175 | 2,456 |
Total Deferred Tax Asset | 301,542 | 321,239 |
Valuation Allowance | (2,879) | (1,400) |
Net Deferred Tax Asset | 298,663 | 319,839 |
Deferred Tax Liability: | ||
Property, plant and equipment | (172,026) | (173,849) |
Equity Partnerships | (35,570) | (17,028) |
Right of use assets | (11,338) | (14,757) |
Advance mining royalties | (10,908) | (10,700) |
Total Deferred Tax Liability | (229,842) | (216,334) |
Net Deferred Tax Asset | $ 68,821 | $ 103,505 |
Note 7 - Credit Losses (Details
Note 7 - Credit Losses (Details Textual) - USD ($) $ in Thousands | Jan. 01, 2020 | Dec. 31, 2020 | Dec. 31, 2019 | Dec. 31, 2018 | Dec. 31, 2017 |
Stockholders' Equity, Including Portion Attributable to Noncontrolling Interest, Ending Balance | $ 553,519 | $ 572,395 | $ 551,611 | $ 343,641 | |
Cumulative Effect, Period of Adoption, Adjustment [Member] | |||||
Stockholders' Equity, Including Portion Attributable to Noncontrolling Interest, Ending Balance | (3,298) | ||||
Retained Earnings [Member] | |||||
Stockholders' Equity, Including Portion Attributable to Noncontrolling Interest, Ending Balance | $ 246,850 | 259,903 | $ 182,148 | $ (43,713) | |
Retained Earnings [Member] | Cumulative Effect, Period of Adoption, Adjustment [Member] | |||||
Stockholders' Equity, Including Portion Attributable to Noncontrolling Interest, Ending Balance | $ 3,298 | $ (3,298) | |||
Income Tax Effects Allocated Directly to Equity, Cumulative Effect of Change in Accounting Principle | $ 1,109 |
Note 7 - Credit Losses - Impact
Note 7 - Credit Losses - Impact of ASC 326 (Details) - USD ($) $ in Thousands | Dec. 31, 2020 | Jan. 01, 2020 | Dec. 31, 2019 |
Allowance for Credit Losses on Receivables | $ 1,661 | $ 2,811 | $ 0 |
Trade Accounts Receivable [Member] | |||
Allowance for Credit Losses on Receivables | 4,426 | 2,100 | 2,100 |
Other Receivables [Member] | |||
Allowance for Credit Losses on Receivables | $ 4,710 | 711 | $ 711 |
Other Assets [Member] | |||
Allowance for Credit Losses on Receivables | 0 | ||
Cumulative Effect, Period of Adoption, Adjusted Balance [Member] | |||
Allowance for Credit Losses on Receivables | 7,218 | ||
Cumulative Effect, Period of Adoption, Adjusted Balance [Member] | Trade Accounts Receivable [Member] | |||
Allowance for Credit Losses on Receivables | 3,051 | ||
Cumulative Effect, Period of Adoption, Adjusted Balance [Member] | Other Receivables [Member] | |||
Allowance for Credit Losses on Receivables | 3,372 | ||
Cumulative Effect, Period of Adoption, Adjusted Balance [Member] | Other Assets [Member] | |||
Allowance for Credit Losses on Receivables | 795 | ||
Cumulative Effect, Period of Adoption, Adjustment [Member] | |||
Allowance for Credit Losses on Receivables | 4,407 | ||
Cumulative Effect, Period of Adoption, Adjustment [Member] | Trade Accounts Receivable [Member] | |||
Allowance for Credit Losses on Receivables | 951 | ||
Cumulative Effect, Period of Adoption, Adjustment [Member] | Other Receivables [Member] | |||
Allowance for Credit Losses on Receivables | 2,661 | ||
Cumulative Effect, Period of Adoption, Adjustment [Member] | Other Assets [Member] | |||
Allowance for Credit Losses on Receivables | $ 795 |
Note 7 - Credit Losses - Impa_2
Note 7 - Credit Losses - Impact of ASC 326 - Allowance for Credit Losses by Portfolio (Details) $ in Thousands | 12 Months Ended |
Dec. 31, 2020USD ($) | |
Beginning Balance | $ 0 |
Provision for expected credit losses | 866 |
Beginning Balance | 1,661 |
Cumulative Effect, Period of Adoption, Adjustment [Member] | Accounting Standards Update 2016-13 [Member] | |
Beginning Balance | 795 |
Trade Accounts Receivable [Member] | |
Beginning Balance | 2,100 |
Provision for expected credit losses | 1,375 |
Beginning Balance | 4,426 |
Trade Accounts Receivable [Member] | Cumulative Effect, Period of Adoption, Adjustment [Member] | Accounting Standards Update 2016-13 [Member] | |
Beginning Balance | 951 |
Other Receivables [Member] | |
Beginning Balance | 711 |
Provision for expected credit losses | 1,338 |
Beginning Balance | 4,710 |
Other Receivables [Member] | Cumulative Effect, Period of Adoption, Adjustment [Member] | Accounting Standards Update 2016-13 [Member] | |
Beginning Balance | $ 2,661 |
Note 8 - Asset Retirement Obl_3
Note 8 - Asset Retirement Obligations (Details Textual) - USD ($) $ in Thousands | 12 Months Ended | |
Dec. 31, 2020 | Dec. 31, 2019 | |
Gain (Loss) on Disposition of Degasification Wells | $ (18,311) | $ 0 |
Note 8 - Asset Retirement Obl_4
Note 8 - Asset Retirement Obligations - Schedule of Reconciliation of Changes in the Asset Retirement Obligations (Details) - USD ($) $ in Thousands | 12 Months Ended | |
Dec. 31, 2020 | Dec. 31, 2019 | |
Balance at Beginning of Period | $ 271,952 | $ 267,001 |
Accretion Expense | 17,905 | 20,116 |
Payments | (13,529) | (13,030) |
Revisions in Estimated Cash Flows | (9,248) | (2,135) |
Other | (18,311) | 0 |
Balance at End of Period | $ 248,769 | $ 271,952 |
Note 9 - Inventories - Inventor
Note 9 - Inventories - Inventories (Details) - USD ($) $ in Thousands | Dec. 31, 2020 | Dec. 31, 2019 |
Coal | $ 7,163 | $ 2,484 |
Supplies | 49,037 | 51,647 |
Total Inventories | $ 56,200 | $ 54,131 |
Note 10 - Property, Plant and_3
Note 10 - Property, Plant and Equipment (Details Textual) - USD ($) $ in Thousands | 12 Months Ended | ||
Dec. 31, 2020 | Dec. 31, 2019 | Dec. 31, 2018 | |
Finance Lease, Right-of-Use Asset, before Accumulated Amortization | $ 112,334 | $ 52,729 | |
Finance Lease, Right-of-Use Asset, Accumulated Amortization | 56,761 | 31,373 | |
Finance Lease, Right-of-Use Asset, Amortization | $ 24,066 | $ 15,691 | $ 13,148 |
Note 10 - Property, Plant and_4
Note 10 - Property, Plant and Equipment - Property, Plant and Equipment (Details) - USD ($) $ in Thousands | Dec. 31, 2020 | Dec. 31, 2019 |
Total Property, Plant and Equipment | $ 5,143,696 | $ 5,008,180 |
Less: Accumulated Depreciation, Depletion and Amortization | 3,094,634 | 2,916,015 |
Total Property, Plant and Equipment - Net | 2,049,062 | 2,092,165 |
Coal and Other Plant and Equipment [Member] | ||
Total Property, Plant and Equipment | 3,134,149 | 3,028,514 |
Mining Properties and Mineral Rights [Member] | ||
Total Property, Plant and Equipment | 874,567 | 872,909 |
Airshafts [Member] | ||
Total Property, Plant and Equipment | 452,976 | 437,003 |
Mine Development [Member] | ||
Total Property, Plant and Equipment | 354,691 | 342,706 |
Coal Advance Mining Royalties [Member] | ||
Total Property, Plant and Equipment | $ 327,313 | $ 327,048 |
Note 11 - Accounts Receivable_2
Note 11 - Accounts Receivable Securitization (Details Textual) - USD ($) $ in Thousands | 12 Months Ended | ||
Dec. 31, 2020 | Dec. 31, 2019 | Dec. 31, 2018 | |
Debt Instrument, Fee Amount | $ 1,156 | $ 1,441 | $ 2,593 |
Line of Credit [Member] | Accounts Receivable Securitization Facility [Member] | |||
Line of Credit Facility, Maximum Borrowing Capacity | $ 100,000 | ||
Line of Credit Facility, Unused Capacity, Commitment Fee Percentage | 0.60% | ||
Accounts Receivable Eligible for Securitization | $ 31,868 | 41,282 | |
Line of Credit Facility, Fair Value of Amount Outstanding | 0 | 0 | |
Letters of Credit Outstanding, Amount | 31,218 | 41,211 | |
Line of Credit Facility, Remaining Borrowing Capacity | $ 650 | $ 71 | |
Line of Credit [Member] | Accounts Receivable Securitization Facility [Member] | Minimum [Member] | |||
Line of Credit Facility, Commitment Fee Percentage | 2.00% | ||
Line of Credit [Member] | Accounts Receivable Securitization Facility [Member] | Maximum [Member] | |||
Line of Credit Facility, Commitment Fee Percentage | 2.50% |
Note 12 - Other Accrued Liabi_3
Note 12 - Other Accrued Liabilities - Other Accrued Liabilities (Details) - USD ($) $ in Thousands | Dec. 31, 2020 | Dec. 31, 2019 |
Subsidence Liability | $ 89,554 | $ 90,645 |
Accrued Payroll and Benefits | 21,179 | 21,102 |
Accrued Other Taxes | 7,126 | 4,753 |
Accrued Equipment Obligations | 6,698 | 0 |
Accrued Interest | 6,236 | 6,281 |
Other | 23,845 | 16,281 |
Postretirement Benefits Other than Pensions | 26,073 | 31,833 |
Asset Retirement Obligations | 20,587 | 21,741 |
Pneumoconiosis Benefits | 12,203 | 12,331 |
Workers' Compensation | 9,653 | 11,323 |
Total Other Accrued Liabilities | 243,395 | 235,769 |
Other Accrued Liabilities [Member] | ||
Operating Lease Liability | $ 20,241 | $ 19,479 |
Note 13 - Debt (Details Textual
Note 13 - Debt (Details Textual) $ in Thousands | Mar. 28, 2019USD ($) | Dec. 31, 2020USD ($) | Dec. 31, 2019USD ($) | Dec. 31, 2018USD ($) | Dec. 31, 2022USD ($) | Jun. 30, 2022 | Mar. 31, 2022 | Dec. 31, 2021USD ($) | Sep. 30, 2021 | Jun. 30, 2021 | Mar. 31, 2021 | Jun. 30, 2020 | Jul. 31, 2018 | Dec. 31, 2017 | Nov. 30, 2017USD ($) | |
Finance Lease, Liability, Current | $ 20,115 | $ 18,219 | ||||||||||||||
Long-term Debt, Current Maturities, Total | [1] | 33,731 | 32,053 | |||||||||||||
Assets, Total | 2,523,366 | 2,693,802 | $ 2,760,727 | |||||||||||||
Net Income (Loss) Attributable to Parent, Total | (9,755) | 76,001 | 152,976 | |||||||||||||
Gain (Loss) on Extinguishment of Debt, Total | 21,352 | (24,455) | (3,922) | |||||||||||||
Debt Instrument, Collateral Amount | 2,813 | 9,289 | ||||||||||||||
Derivative Liability, Current | 2,834 | 154 | ||||||||||||||
Other Comprehensive Income (Loss), Cash Flow Hedge, Gain (Loss), after Reclassification and Tax, Total | (2,004) | (117) | 0 | |||||||||||||
Other Comprehensive Income (Loss), Cash Flow Hedge, Gain (Loss), Reclassification, Tax | 674 | 37 | 0 | |||||||||||||
Derivative, Notional Amount | 1,587 | |||||||||||||||
Derivative Instruments, Gain (Loss) Reclassification from Accumulated OCI to Income, Estimated Net Amount to be Transferred | 2,067 | |||||||||||||||
Non-Guarantor Subsidiaries [Member] | ||||||||||||||||
Assets, Total | 123,468 | 135,629 | ||||||||||||||
Accounts Receivable, after Allowance for Credit Loss, Total | 122,639 | 134,766 | ||||||||||||||
Net Income (Loss) Attributable to Parent, Total | 2,854 | 4,841 | 4,212 | |||||||||||||
Forecast [Member] | ||||||||||||||||
Derivative, Notional Amount | $ 150,000 | |||||||||||||||
Revolving Credit Facility [Member] | ||||||||||||||||
Long-term Line of Credit, Total | 0 | 0 | ||||||||||||||
Loans Payable [Member] | The TLA Facility [Member] | ||||||||||||||||
Line of Credit Facility, Maximum Borrowing Capacity | $ 100,000 | |||||||||||||||
Loans Payable [Member] | The TLB Facility [Member] | ||||||||||||||||
Long-term Debt, Current Maturities, Total | $ 5,000 | |||||||||||||||
Repayments of Lines of Credit | 110,000 | $ 110,000 | ||||||||||||||
Long-term Debt, Percentage Bearing Fixed Interest, Amount | 150,000 | |||||||||||||||
Loans Payable [Member] | The TLB Facility [Member] | Forecast [Member] | ||||||||||||||||
Long-term Debt, Percentage Bearing Fixed Interest, Amount | $ 50,000 | |||||||||||||||
Loans Payable [Member] | The TLB Facility [Member] | Maximum [Member] | ||||||||||||||||
Debt Instrument, Repayment, Percent of Excess Cash Flow | 75.00% | 75.00% | ||||||||||||||
Loans Payable [Member] | The TLB Facility [Member] | Minimum [Member] | ||||||||||||||||
Debt Instrument, Repayment, Percent of Excess Cash Flow | 0.00% | |||||||||||||||
Loans Payable [Member] | Senior Secured Second Lien Notes due 2025 [Member] | ||||||||||||||||
Debt Instrument, Covenant, Net Leverage Ratio, Maximum | 2 | |||||||||||||||
Loans Payable [Member] | Revolving Credit Facility [Member] | ||||||||||||||||
Line of Credit Facility, Maximum Borrowing Capacity | 300,000 | |||||||||||||||
Debt Instrument, Basis Spread on Variable Rate | 0.50% | |||||||||||||||
Line of Credit Facility, Fair Value of Amount Outstanding | $ 0 | |||||||||||||||
Loans Payable [Member] | Revolving Credit Facility [Member] | Senior Secured Second Lien Notes due 2025 [Member] | ||||||||||||||||
Debt Instrument, Covenant, Maximum Additional Borrowings | 0 | |||||||||||||||
Loans Payable [Member] | Revolving Credit Facility [Member] | Senior Secured Second Lien Notes due 2025 [Member] | Maximum [Member] | ||||||||||||||||
Letters of Credit Outstanding, Amount | 200 | |||||||||||||||
Line of Credit [Member] | The TLB Facility [Member] | ||||||||||||||||
Line of Credit Facility, Maximum Borrowing Capacity | 400,000 | |||||||||||||||
Line of Credit [Member] | Revolving Credit Facility [Member] | ||||||||||||||||
Line of Credit Facility, Maximum Borrowing Capacity | $ 400,000 | $ 300,000 | ||||||||||||||
Letters of Credit Outstanding, Amount | 125,938 | 69,588 | ||||||||||||||
Line of Credit Facility, Remaining Borrowing Capacity | $ 274,062 | $ 330,412 | ||||||||||||||
Line of Credit [Member] | Revolving Credit Facility and TLA Facility [Member] | ||||||||||||||||
Debt Instrument, Covenant, Net Leverage Ratio, Maximum | 3.75 | |||||||||||||||
Debt Instrument, Maximum First Lien Gross Leverage Ratio | 1.64 | |||||||||||||||
Debt Instrument, Maximum Net Leverage Ratio | 2.54 | |||||||||||||||
Debt Instrument, Minimum Fixed Charge Coverage Ratio | 1.56 | |||||||||||||||
Line of Credit [Member] | Revolving Credit Facility and TLA Facility [Member] | Forecast [Member] | ||||||||||||||||
Debt Instrument, Covenant, Net Leverage Ratio, Maximum | 3.25 | 3.50 | ||||||||||||||
Debt Instrument, Covenant, First Lien Gross Leverage Ratio | 2 | 2.25 | ||||||||||||||
Debt Instrument, Covenant, Fixed Charge Coverage Ratio, Minimum | 1.10 | 1.05 | 1 | |||||||||||||
Line of Credit [Member] | Revolving Credit Facility and TLA Facility [Member] | Maximum [Member] | ||||||||||||||||
Debt Instrument, Covenant, Net Leverage Ratio, Maximum | 2.75 | |||||||||||||||
Line of Credit [Member] | Revolving Credit Facility and TLA Facility [Member] | Maximum [Member] | Forecast [Member] | ||||||||||||||||
Debt Instrument, Covenant, First Lien Gross Leverage Ratio | 1.75 | 2.50 | ||||||||||||||
Senior Notes [Member] | Senior Secured Second Lien Notes due 2025 [Member] | ||||||||||||||||
Debt Instrument, Interest Rate, Stated Percentage | 11.00% | 11.00% | 11.00% | 11.00% | 11.00% | |||||||||||
Debt Instrument, Repurchased Face Amount | $ 52,648 | |||||||||||||||
Debt, Weighted Average Interest Rate | 11.00% | 11.00% | ||||||||||||||
Senior Notes [Member] | Senior Secured Revolving Credit Facility [Member] | ||||||||||||||||
Debt Instrument, Repurchased Face Amount | $ 54,481 | |||||||||||||||
Secured Debt [Member] | Other Asset-backed Financing Maturing December 2020 [Member] | ||||||||||||||||
Debt Instrument, Collateral Amount | $ 2,813 | |||||||||||||||
Secured Debt [Member] | Other Asset-backed Financing Maturing September 2024 [Member] | ||||||||||||||||
Debt, Weighted Average Interest Rate | 3.61% | 5.07% | ||||||||||||||
[1] | Excludes current portion of Finance Lease Obligations of $20,115 and $18,219 at December 31, 2020 and 2019, respectively. |
Note 13 - Debt - Long-term Debt
Note 13 - Debt - Long-term Debt (Details) - USD ($) $ in Thousands | Dec. 31, 2020 | Dec. 31, 2019 | |
Long term debt | $ 600,589 | $ 685,855 | |
Unamortized discount | 9,921 | 10,323 | |
Long-term Debt, Total | 600,589 | 685,855 | |
Long-term Debt, Current Maturities, Total | [1] | 33,731 | 32,053 |
Long-Term Debt | 566,858 | 653,802 | |
MEDCO Revenue Bonds in Series Due September 2025 at 5.75% [Member] | |||
Long term debt | 102,865 | 102,865 | |
Long-term Debt, Total | 102,865 | 102,865 | |
Term Loan A Facility [Member] | |||
Long term debt | 66,250 | 88,750 | |
Long-term Debt, Total | 66,250 | 88,750 | |
Other Asset Backed Financing [Member] | |||
Long term debt | 2,813 | 9,289 | |
Long-term Debt, Total | 2,813 | 9,289 | |
Advance Royalty Commitments [Member] | |||
Long term debt | 2,185 | 1,895 | |
Long-term Debt, Total | 2,185 | 1,895 | |
Loans Payable [Member] | Term Loan B Facility [Member] | |||
Long term debt | 269,250 | 271,751 | |
Unamortized discount | 938 | 1,187 | |
Long-term Debt, Total | 269,250 | 271,751 | |
Senior Notes [Member] | Senior Secured Second Lien Notes due 2025 [Member] | |||
Long term debt | 167,147 | 221,628 | |
Long-term Debt, Total | $ 167,147 | $ 221,628 | |
[1] | Excludes current portion of Finance Lease Obligations of $20,115 and $18,219 at December 31, 2020 and 2019, respectively. |
Note 13 - Debt - Long-term De_2
Note 13 - Debt - Long-term Debt (Details) (Parentheticals) - USD ($) $ in Thousands | Dec. 31, 2020 | Dec. 31, 2019 |
Principal Amount | $ 611,448 | |
Unamortized discount | $ 9,921 | $ 10,323 |
MEDCO Revenue Bonds in Series Due September 2025 at 5.75% [Member] | ||
Debt, Weighted Average Interest Rate | 5.75% | 5.75% |
Term Loan A Facility [Member] | ||
Debt, Weighted Average Interest Rate | 5.50% | 5.55% |
Advance Royalty Commitments [Member] | ||
Debt, Weighted Average Interest Rate | 13.68% | 10.78% |
Loans Payable [Member] | Term Loan B Facility [Member] | ||
Principal Amount | $ 270,188 | $ 272,938 |
Unamortized discount | $ 938 | $ 1,187 |
Debt, Weighted Average Interest Rate | 4.65% | 6.30% |
Senior Notes [Member] | Senior Secured Second Lien Notes due 2025 [Member] | ||
Debt, Weighted Average Interest Rate | 11.00% | 11.00% |
Note 13 - Debt - Schedule of Un
Note 13 - Debt - Schedule of Undiscounted Maturities of Long-Term Debt (Details) $ in Thousands | Dec. 31, 2020USD ($) |
2021 | $ 33,731 |
2022 | 36,348 |
2023 | 12,526 |
2024 | 257,891 |
2025 | 270,184 |
Thereafter | 768 |
Total Long-Term Debt Maturities | $ 611,448 |
Note 14 - Leases (Details Textu
Note 14 - Leases (Details Textual) - USD ($) $ in Thousands | Dec. 31, 2020 | Dec. 31, 2019 | Jan. 01, 2019 |
Operating Lease, Right-of-Use Asset | $ 53,436 | $ 72,632 | |
Operating Lease, Liability, Total | $ 55,896 | $ 74,892 | |
Accounting Standards Update 2016-02 [Member] | |||
Operating Lease, Right-of-Use Asset | $ 92,000 | ||
Operating Lease, Liability, Total | $ 92,000 |
Note 14 - Leases - Components o
Note 14 - Leases - Components of Expense and Supplemental Cash Flow Information (Details) - USD ($) $ in Thousands | 12 Months Ended | ||
Dec. 31, 2020 | Dec. 31, 2019 | Dec. 31, 2018 | |
Fixed operating lease expense | $ 24,359 | $ 25,875 | |
Variable operating lease expense | 3,835 | 11,445 | |
Total operating lease expense | 28,194 | 37,320 | |
Cash paid for amounts included in the measurement of operating lease liabilities | 24,293 | 25,675 | |
ROU assets obtained in exchange for operating lease obligations | 0 | 0 | |
Amortization of right of use assets | 24,066 | 15,691 | $ 13,148 |
Interest expense | 2,375 | 1,878 | |
Total finance lease expense | $ 26,441 | $ 17,569 | |
Weighted average remaining lease term (in years) (Year) | 2 years 8 months 4 days | 1 year 8 months 8 days | |
Weighted average discount rate | 5.79% | 5.20% |
Note 14 - Leases - Schedule of
Note 14 - Leases - Schedule of Lease Balances, Weighted Average Lease Terms and Discount Rates (Details) - USD ($) $ in Thousands | Dec. 31, 2020 | Dec. 31, 2019 |
Right of Use Asset - Operating Leases (Note 14) | $ 53,436 | $ 72,632 |
Operating Lease Liabilities | 35,655 | 55,413 |
Total Operating Lease Liabilities | $ 55,896 | $ 74,892 |
Weighted average remaining lease term (in years) (Year) | 4 years 7 months 24 days | 5 years 7 days |
Weighted average discount rate | 6.84% | 6.79% |
Other Accrued Liabilities [Member] | ||
Operating Lease Liabilities | $ 20,241 | $ 19,479 |
Note 14 - Leases - Schedule o_2
Note 14 - Leases - Schedule of Future Maturities of Lease Liabilities (Details) - USD ($) $ in Thousands | Dec. 31, 2020 | Dec. 31, 2019 |
2021, finance leases | $ 22,557 | |
2021, operating leases | 23,358 | |
2022, finance leases | 18,074 | |
2022, operating leases | 13,450 | |
2023, finance leases | 16,623 | |
2023, operating leases | 6,395 | |
2024, finance leases | 3,595 | |
2024, operating leases | 6,115 | |
2025, finance leases | 320 | |
2025, operating leases | 4,619 | |
Thereafter, finance leases | 0 | |
Thereafter, operating leases | 11,339 | |
Total minimum lease payments, finance leases | 61,169 | |
Total minimum lease payments, operating leases | 65,276 | |
Less amount representing interest, finance leases | 4,851 | |
Less amount representing interest, operating leases | 9,380 | |
Present value of minimum lease payments, finance leases | 56,318 | |
Present value of minimum lease payments, operating leases | $ 55,896 | $ 74,892 |
Note 15 - Pension and Other P_3
Note 15 - Pension and Other Postretirement Benefit Plans (Details Textual) - USD ($) $ in Thousands | 12 Months Ended | ||
Dec. 31, 2020 | Dec. 31, 2019 | Dec. 31, 2018 | |
Defined Benefit Plan, Assumptions Used Calculating Net Periodic Benefit Cost Assumed Time Horizon (Year) | 20 years | ||
Defined Benefit Plan, Plan Assets, Amount, Ending Balance | $ 740,978 | $ 668,481 | |
Defined Benefit Plan, Expected Future Benefit Payment, Year One | 10,580 | ||
Other Postretirement Benefits Plan [Member] | |||
Defined Benefit Plan, Net Periodic Benefit Cost (Credit), Gain (Loss) Due to Settlement | 0 | 0 | |
Defined Benefit Plan, Plan Assets, Amount, Ending Balance | 0 | 0 | $ 0 |
Defined Benefit Plan, Expected Future Benefit Payment, Year One | 26,073 | ||
Pension Plan [Member] | |||
Defined Benefit Plan, Plan Assets, Amount, Ending Balance | 740,978 | $ 668,481 | $ 578,347 |
Defined Benefit Plan, Expected Future Benefit Payment, Year One | 44,391 | ||
Pension Plan [Member] | Nonqualified Plan [Member] | |||
Defined Benefit Plan, Expected Future Benefit Payment, Year One | $ 2,531 | ||
United States Equity Securities [Member] | |||
Defined Benefit Plan, Plan Assets, Target Allocation, Percentage | 21.00% | ||
Non U.S. Equity Securities [Member] | |||
Defined Benefit Plan, Plan Assets, Target Allocation, Percentage | 13.00% | ||
Global Equity Securities [Member] | |||
Defined Benefit Plan, Plan Assets, Target Allocation, Percentage | 6.00% | ||
Fixed Equity Securities [Member] | |||
Defined Benefit Plan, Plan Assets, Target Allocation, Percentage | 60.00% |
Note 15 - Pension and Other P_4
Note 15 - Pension and Other Postretirement Benefit Plans - Schedule of Changes in Benefit Obligation, Plan Assets and Funded Status (Details) - USD ($) $ in Thousands | 12 Months Ended | ||
Dec. 31, 2020 | Dec. 31, 2019 | Dec. 31, 2018 | |
Fair value of plan assets at beginning of period | $ 668,481 | ||
Fair value of plan assets at end of period | 740,978 | $ 668,481 | |
Pension Plan [Member] | |||
Benefit obligation at beginning of period | 720,098 | 644,142 | |
Service cost | 1,183 | 3,950 | $ 1,150 |
Interest cost | 20,176 | 25,101 | 23,505 |
Actuarial loss (gain) | 84,663 | 95,078 | |
Benefits and other payments | (47,252) | (48,173) | |
Benefit obligation at end of period | 778,868 | 720,098 | 644,142 |
Fair value of plan assets at beginning of period | 668,481 | 578,347 | |
Actual return on plan assets | 118,403 | 136,976 | |
Company contributions | 1,346 | 1,331 | |
Benefits and other payments | (47,252) | (48,173) | |
Fair value of plan assets at end of period | 740,978 | 668,481 | 578,347 |
Funded status: | |||
Current liabilities | (2,531) | (1,687) | |
Noncurrent liabilities | (35,359) | (49,930) | |
Net obligation recognized | (37,890) | (51,617) | |
Amounts recognized in accumulated other comprehensive loss consist of: | |||
Net actuarial loss | 256,988 | 255,830 | |
Prior service credit | 0 | 0 | |
Net amount recognized (before tax effect) | 256,988 | 255,830 | |
Other Postretirement Benefits Plan [Member] | |||
Benefit obligation at beginning of period | 464,329 | 473,591 | |
Service cost | 0 | 0 | 0 |
Interest cost | 12,795 | 18,320 | 18,706 |
Actuarial loss (gain) | (38,455) | 4,761 | |
Benefits and other payments | (24,959) | (32,343) | |
Benefit obligation at end of period | 413,710 | 464,329 | 473,591 |
Fair value of plan assets at beginning of period | 0 | 0 | |
Actual return on plan assets | 0 | 0 | |
Company contributions | 24,959 | 32,343 | |
Benefits and other payments | (24,959) | (32,343) | |
Fair value of plan assets at end of period | 0 | 0 | $ 0 |
Funded status: | |||
Current liabilities | (26,073) | (31,833) | |
Noncurrent liabilities | (387,637) | (432,496) | |
Net obligation recognized | (413,710) | (464,329) | |
Amounts recognized in accumulated other comprehensive loss consist of: | |||
Net actuarial loss | 132,203 | 179,937 | |
Prior service credit | (18,544) | (20,949) | |
Net amount recognized (before tax effect) | $ 113,659 | $ 158,988 |
Note 15 - Pension and Other P_5
Note 15 - Pension and Other Postretirement Benefit Plans - Components of Net Periodic Benefit (Credit) Cost (Details) - USD ($) $ in Thousands | 12 Months Ended | ||
Dec. 31, 2020 | Dec. 31, 2019 | Dec. 31, 2018 | |
Pension Plan [Member] | |||
Service cost | $ 1,183 | $ 3,950 | $ 1,150 |
Interest cost | 20,176 | 25,101 | 23,505 |
Expected return on plan assets | (41,821) | (40,457) | (40,370) |
Amortization of prior service credits | 0 | (367) | (502) |
Recognized net actuarial loss | 6,922 | 5,958 | 8,715 |
Net periodic benefit (credit) cost | (13,540) | (5,815) | (7,502) |
Other Postretirement Benefits Plan [Member] | |||
Service cost | 0 | 0 | 0 |
Interest cost | 12,795 | 18,320 | 18,706 |
Expected return on plan assets | 0 | 0 | 0 |
Amortization of prior service credits | (2,405) | (2,405) | (2,405) |
Recognized net actuarial loss | 9,277 | 9,262 | 16,205 |
Net periodic benefit (credit) cost | $ 19,667 | $ 25,177 | $ 32,506 |
Note 15 - Pension and Other P_6
Note 15 - Pension and Other Postretirement Benefit Plans - Schedule of Pension Plans with an Accumulated Benefit Obligation in Excess of Plan Assets (Details) - USD ($) $ in Thousands | Dec. 31, 2020 | Dec. 31, 2019 |
Projected benefit obligation | $ 778,868 | $ 720,098 |
Accumulated benefit obligation | 778,618 | 719,985 |
Fair value of plan assets | $ 740,978 | $ 668,481 |
Note 15 - Pension and Other P_7
Note 15 - Pension and Other Postretirement Benefit Plans - Schedule of Weighted-Average Assumptions Used (Details) | 12 Months Ended | ||
Dec. 31, 2020 | Dec. 31, 2019 | Dec. 31, 2018 | |
Pension Plan [Member] | |||
Discount rate | 2.36% | 3.28% | |
Rate of compensation increase | 3.76% | 3.68% | |
Discount rate | 3.35% | 4.37% | 3.69% |
Expected long-term return on plan assets | 6.48% | 6.90% | 6.90% |
Rate of compensation increase | 3.68% | 3.73% | 3.73% |
Other Postretirement Benefits Plan [Member] | |||
Discount rate | 2.39% | 3.27% | |
Rate of compensation increase | 0.00% | 0.00% | |
Discount rate | 3.27% | 4.34% | 3.65% |
Expected long-term return on plan assets | 0.00% | 0.00% | 0.00% |
Rate of compensation increase | 0.00% | 0.00% | 0.00% |
Note 15 - Pension and Other P_8
Note 15 - Pension and Other Postretirement Benefit Plans - Assumed Health Care Cost Trend (Details) - Other Postretirement Benefits Plan [Member] | Dec. 31, 2020 | Dec. 31, 2019 |
Health care cost trend rate for next year | 5.43% | 5.65% |
Rate to which the cost trend is assumed to decline (ultimate trend rate) | 4.50% | 4.50% |
Note 15 - Pension and Other P_9
Note 15 - Pension and Other Postretirement Benefit Plans - Schedule of Fair Value of Plan Assets (Details) - USD ($) $ in Thousands | Dec. 31, 2020 | Dec. 31, 2019 | |
Fair value of plan assets | $ 740,978 | $ 668,481 | |
Fair Value, Inputs, Level 1 [Member] | |||
Fair value of plan assets | 100 | 97 | |
Fair Value, Inputs, Level 2 [Member] | |||
Fair value of plan assets | 0 | 0 | |
Fair Value, Inputs, Level 3 [Member] | |||
Fair value of plan assets | 0 | 0 | |
Defined Benefit Plan, Cash and Cash Equivalents [Member] | |||
Fair value of plan assets | 100 | 97 | |
Defined Benefit Plan, Cash and Cash Equivalents [Member] | Fair Value, Inputs, Level 1 [Member] | |||
Fair value of plan assets | 100 | 97 | |
Defined Benefit Plan, Cash and Cash Equivalents [Member] | Fair Value, Inputs, Level 2 [Member] | |||
Fair value of plan assets | 0 | 0 | |
Defined Benefit Plan, Cash and Cash Equivalents [Member] | Fair Value, Inputs, Level 3 [Member] | |||
Fair value of plan assets | 0 | 0 | |
Private Equity Funds [Member] | |||
Fair value of plan assets | [1] | 740,878 | 668,384 |
Private Equity Funds [Member] | Fair Value, Inputs, Level 1 [Member] | |||
Fair value of plan assets | [1] | 0 | 0 |
Private Equity Funds [Member] | Fair Value, Inputs, Level 2 [Member] | |||
Fair value of plan assets | [1] | 0 | 0 |
Private Equity Funds [Member] | Fair Value, Inputs, Level 3 [Member] | |||
Fair value of plan assets | [1] | $ 0 | $ 0 |
[1] | Certain investments that are measured at fair value using the net asset value per share (or its equivalent) practical expedient have not been classified in the fair value hierarchy but are included in the total. |
Note 15 - Pension and Other _10
Note 15 - Pension and Other Postretirement Benefit Plans - Schedule of Expected Benefit Payments (Details) $ in Thousands | Dec. 31, 2020USD ($) |
2021 | $ 10,580 |
2022 | 10,392 |
2023 | 10,212 |
2024 | 10,151 |
2025 | 10,015 |
Year 2026-2030 | 50,445 |
Pension Plan [Member] | |
2021 | 44,391 |
2022 | 43,639 |
2023 | 43,112 |
2024 | 42,755 |
2025 | 41,291 |
Year 2026-2030 | 196,850 |
Other Postretirement Benefits Plan [Member] | |
2021 | 26,073 |
2022 | 25,250 |
2023 | 24,455 |
2024 | 23,581 |
2025 | 23,249 |
Year 2026-2030 | $ 110,456 |
Note 16 - Coal Workers' Pneumoc
Note 16 - Coal Workers' Pneumoconiosis and Workers' Compensation - Schedule of Changes in Benefit Obligation, Plan Assets and Funded Status (Details) - USD ($) $ in Thousands | 12 Months Ended | ||
Dec. 31, 2020 | Dec. 31, 2019 | Dec. 31, 2018 | |
Coal Workers Pneumoconiosis [Member] | |||
Benefit obligation at beginning of period | $ 214,473 | $ 177,188 | |
State administrative fees and insurance bond premiums | 0 | 0 | $ 0 |
Service cost | 4,603 | 3,791 | 6,650 |
Interest cost | 6,206 | 7,001 | 5,245 |
Actuarial loss (gain) | 29,510 | 39,827 | |
Benefits and other payments | (12,869) | (13,334) | |
Benefit obligation at end of period | 241,923 | 214,473 | 177,188 |
Current assets | 0 | 0 | |
Current liabilities | (12,203) | (12,331) | |
Noncurrent liabilities | (229,720) | (202,142) | |
Net obligation recognized | (241,923) | (214,473) | |
Net actuarial loss | 71,259 | 47,352 | |
Net amount recognized (before tax effect) | 71,259 | 47,352 | |
Workers Compensation [Member] | |||
Benefit obligation at beginning of period | 71,480 | 70,986 | |
State administrative fees and insurance bond premiums | 1,996 | 2,157 | 2,671 |
Service cost | 6,276 | 5,685 | 6,230 |
Interest cost | 1,844 | 2,585 | 2,283 |
Actuarial loss (gain) | 1,897 | 1,536 | |
Benefits and other payments | (10,052) | (11,469) | |
Benefit obligation at end of period | 73,441 | 71,480 | $ 70,986 |
Current assets | 602 | 1,037 | |
Current liabilities | (9,653) | (11,323) | |
Noncurrent liabilities | (64,390) | (61,194) | |
Net obligation recognized | (73,441) | (71,480) | |
Net actuarial loss | (8,866) | (11,250) | |
Net amount recognized (before tax effect) | $ (8,866) | $ (11,250) |
Note 16 - Coal Workers' Pneum_2
Note 16 - Coal Workers' Pneumoconiosis and Workers' Compensation - Schedule of Components of Net Periodic Benefit Costs (Details) - USD ($) $ in Thousands | 12 Months Ended | ||
Dec. 31, 2020 | Dec. 31, 2019 | Dec. 31, 2018 | |
Coal Workers Pneumoconiosis [Member] | |||
Service cost | $ 4,603 | $ 3,791 | $ 6,650 |
Interest cost | 6,206 | 7,001 | 5,245 |
Recognized net actuarial loss (gain) | 5,604 | 1,016 | (853) |
State administrative fees and insurance bond premiums | 0 | 0 | 0 |
Net periodic benefit costs | 16,413 | 11,808 | 11,042 |
Workers Compensation [Member] | |||
Service cost | 6,276 | 5,685 | 6,230 |
Interest cost | 1,844 | 2,585 | 2,283 |
Recognized net actuarial loss (gain) | (488) | (774) | (79) |
State administrative fees and insurance bond premiums | 1,996 | 2,157 | 2,671 |
Net periodic benefit costs | $ 9,628 | $ 9,653 | $ 11,105 |
Note 16 - Coal Workers' Pneum_3
Note 16 - Coal Workers' Pneumoconiosis and Workers' Compensation - Schedule of Weighted-Average Assumptions Used (Details) | 12 Months Ended | ||
Dec. 31, 2020 | Dec. 31, 2019 | Dec. 31, 2018 | |
Coal Workers Pneumoconiosis [Member] | |||
Discount rate assumption used to determine net periodic benefit costs | 2.53% | 3.41% | 4.42% |
Discount rate | 3.41% | 4.42% | 3.75% |
Workers Compensation [Member] | |||
Discount rate assumption used to determine net periodic benefit costs | 2.35% | 3.25% | 4.26% |
Discount rate | 3.25% | 4.26% | 3.57% |
Note 16 - Coal Workers' Pneum_4
Note 16 - Coal Workers' Pneumoconiosis and Workers' Compensation - Schedule of Expected Benefit Payments (Details) $ in Thousands | Dec. 31, 2020USD ($) |
2021 | $ 10,580 |
2022 | 10,392 |
2023 | 10,212 |
2024 | 10,151 |
2025 | 10,015 |
Year 2026-2030 | 50,445 |
Coal Workers Pneumoconiosis [Member] | |
2021 | 12,203 |
2022 | 11,923 |
2023 | 11,762 |
2024 | 11,439 |
2025 | 11,304 |
Year 2026-2030 | 57,386 |
Actuarial Benefits [Member] | |
2021 | 9,051 |
2022 | 8,824 |
2023 | 8,605 |
2024 | 8,504 |
2025 | 8,327 |
Year 2026-2030 | 41,350 |
Other Benefits [Member] | |
2021 | 1,529 |
2022 | 1,568 |
2023 | 1,607 |
2024 | 1,647 |
2025 | 1,688 |
Year 2026-2030 | $ 9,095 |
Note 17 - Other Employee Bene_3
Note 17 - Other Employee Benefit Plans (Details Textual) - USD ($) | 12 Months Ended | ||
Dec. 31, 2020 | Dec. 31, 2019 | Dec. 31, 2018 | |
Defined Contribution Plan, Employer Matching Contribution, Percent of Match | 6.00% | ||
Defined Contribution Plan, Employer Discretionary Contribution Amount | $ 10,445,000 | ||
Defined Contribution Plan, Cost | $ 8,114,000 | $ 10,737,000 | 20,655,000 |
Minimum [Member] | |||
Defined Contribution Plan, Employer Discretionary Contribution Percent | 1.00% | ||
Maximum [Member] | |||
Defined Contribution Plan, Employer Discretionary Contribution Percent | 6.00% | ||
Retiree Health Benefit Act of 1992 [Member] | |||
Multiemployer Plan, Employer Contribution, Cost, Total | $ 5,383,000 | 6,042,000 | 6,829,000 |
Multiemployer Plans, Withdrawal Obligation | 56,039,000 | ||
Non Pension Multiemployer Plans [Member] | |||
Letters of Credit Outstanding, Amount | 17,421,000 | 18,669,000 | $ 19,860,000 |
Long Term Disability Member [Member] | |||
Defined Benefit Plan, Benefit Obligation, Ending Balance | $ 11,374 | $ 12,749 |
Note 17 - Other Employee Bene_4
Note 17 - Other Employee Benefit Plans - Long-Term Disability (Details) - Long Term Disability Member [Member] - USD ($) $ in Thousands | 12 Months Ended | ||
Dec. 31, 2020 | Dec. 31, 2019 | Dec. 31, 2018 | |
Net periodic benefit costs | $ 1,700 | $ 1,483 | $ 2,088 |
Discount rate assumption used to determine net periodic benefit costs | 2.86% | 3.97% | 3.22% |
Note 18 - Stock-based Compens_3
Note 18 - Stock-based Compensation (Details Textual) - USD ($) $ in Thousands | 12 Months Ended | ||
Dec. 31, 2020 | Dec. 31, 2019 | Dec. 31, 2018 | |
Share-based Compensation Arrangement by Share-based Payment Award, Number of Shares Authorized (in shares) | 2,600,000 | ||
Share-based Payment Arrangement, Expense, Tax Benefit | $ 2,871 | $ 2,856 | $ 1,911 |
Share-based Payment Arrangement, Nonvested Award, Cost Not yet Recognized, Amount, Total | $ 6,537 | ||
Share-based Payment Arrangement, Nonvested Award, Cost Not yet Recognized, Period for Recognition (Year) | 1 year 7 months 17 days | ||
Restricted Stock Units (RSUs) [Member] | |||
Share-based Compensation Arrangement by Share-based Payment Award, Equity Instruments Other than Options, Vested in Period, Fair Value | $ 6,913 | 4,407 | 3,734 |
Performance Shares [Member] | |||
Share-based Compensation Arrangement by Share-based Payment Award, Equity Instruments Other than Options, Vested in Period, Fair Value | 1,042 | 6,323 | 4,910 |
Selling, General and Administrative Expenses [Member] | |||
Share-based Payment Arrangement, Expense | $ 11,161 | $ 11,351 | $ 8,392 |
Note 18 - Stock-based Compens_4
Note 18 - Stock-based Compensation - Nonvested Restricted Stock Units (Details) - Restricted Stock Units (RSUs) [Member] | 12 Months Ended |
Dec. 31, 2020$ / sharesshares | |
Nonvested, number of shares (in shares) | shares | 453,336 |
Nonvested, weighted average grant date fair value (in dollars per share) | $ / shares | $ 34.60 |
Granted, number of shares (in shares) | shares | 1,257,152 |
Granted, weighted average grant date fair value (in dollars per share) | $ / shares | $ 7.81 |
Vested, number of shares (in shares) | shares | (172,429) |
Vested, weighted average grant date fair value (in dollars per share) | $ / shares | $ 31.86 |
Forfeited, number of shares (in shares) | shares | (49,098) |
Forfeited, weighted average grant date fair value (in dollars per share) | $ / shares | $ 12.42 |
Nonvested, number of shares (in shares) | shares | 1,488,961 |
Nonvested, weighted average grant date fair value (in dollars per share) | $ / shares | $ 13.07 |
Note 18 - Stock-based Compens_5
Note 18 - Stock-based Compensation - Performance Shares Units (Details) - Performance Shares [Member] | 12 Months Ended |
Dec. 31, 2020$ / sharesshares | |
Nonvested, number of shares (in shares) | shares | 193,265 |
Nonvested, weighted average grant date fair value (in dollars per share) | $ / shares | $ 33.55 |
Granted, number of shares (in shares) | shares | 229,440 |
Granted, weighted average grant date fair value (in dollars per share) | $ / shares | $ 8.60 |
Vested, number of shares (in shares) | shares | (33,665) |
Vested, weighted average grant date fair value (in dollars per share) | $ / shares | $ 30.95 |
Forfeited, number of shares (in shares) | shares | (52,195) |
Forfeited, weighted average grant date fair value (in dollars per share) | $ / shares | $ 38.66 |
Nonvested, number of shares (in shares) | shares | 336,845 |
Nonvested, weighted average grant date fair value (in dollars per share) | $ / shares | $ 17.81 |
Note 19 - Supplemental Cash F_3
Note 19 - Supplemental Cash Flow Information (Details Textual) - USD ($) $ in Thousands | 12 Months Ended | ||
Dec. 31, 2020 | Dec. 31, 2019 | Dec. 31, 2018 | |
Right-of-Use Asset Obtained in Exchange for Finance Lease Liability | $ 42,200 | $ 4,424 | $ 1,301 |
Lease Obligation Incurred | 45,979 | ||
Notes Received from Property Sales [Member] | |||
Other Significant Noncash Transaction, Value of Consideration Received | $ 1,671 | $ 3,785 | $ 2,311 |
Note 19 - Supplemental Cash F_4
Note 19 - Supplemental Cash Flow Information - Cash Paid for Interest and Income Taxes (Details) - USD ($) $ in Thousands | 12 Months Ended | ||
Dec. 31, 2020 | Dec. 31, 2019 | Dec. 31, 2018 | |
Interest (net of amounts capitalized) | $ 62,997 | $ 73,574 | $ 92,926 |
Income taxes | $ 1,476 | $ 40,139 | $ 12,834 |
Note 20 - Concentration of Cr_3
Note 20 - Concentration of Credit Risk and Major Customers (Details Textual) | 12 Months Ended | ||
Dec. 31, 2020 | Dec. 31, 2019 | Dec. 31, 2018 | |
Geographic Concentration Risk [Member] | Revenue Benchmark [Member] | UNITED STATES | |||
Concentration Risk, Percentage | 65.00% | 65.00% | 71.00% |
Exporters Concentration Risk [Member] | Revenue Benchmark [Member] | |||
Concentration Risk, Percentage | 35.00% | 35.00% | 29.00% |
Customer Concentration Risk [Member] | Revenue Benchmark [Member] | |||
Number of Major Customers | 3 | 3 | 3 |
Customer Concentration Risk [Member] | Revenue Benchmark [Member] | Three Customers [Member] | |||
Concentration Risk, Percentage | 55.00% | 70.00% | 57.00% |
Customer Concentration Risk [Member] | Accounts Receivable [Member] | |||
Number of Major Customers | 3 | 2 |
Note 20 - Concentration of Cr_4
Note 20 - Concentration of Credit Risk and Major Customers - Concentration of Credit Risk (Details) - USD ($) $ in Thousands | Dec. 31, 2020 | Dec. 31, 2019 |
Total Trade Receivables | $ 122,715 | $ 133,788 |
Less: Allowance for credit losses | 4,426 | 2,100 |
Total Trade Receivables, net | 118,289 | 131,688 |
Accounts Receivable [Member] | Customer Concentration Risk [Member] | Thermal Coal Utilities [Member] | ||
Total Trade Receivables | 32,343 | 58,557 |
Accounts Receivable [Member] | Customer Concentration Risk [Member] | Coal Exporters and Distributors [Member] | ||
Total Trade Receivables | 82,948 | 73,416 |
Accounts Receivable [Member] | Customer Concentration Risk [Member] | Steel and Coke Producers [Member] | ||
Total Trade Receivables | 5,302 | 0 |
Accounts Receivable [Member] | Customer Concentration Risk [Member] | Other Customer [Member] | ||
Total Trade Receivables | $ 2,122 | $ 1,815 |
Note 21 - Fair Value of Finan_3
Note 21 - Fair Value of Financial instruments - Financial Instruments Measured at Fair Value (Details) - USD ($) $ in Thousands | Dec. 31, 2020 | Dec. 31, 2019 | |
Lease Guarantees | $ (168) | $ (482) | |
Fair Value, Recurring [Member] | Fair Value, Inputs, Level 1 [Member] | |||
Lease Guarantees | 0 | 0 | |
Derivatives (1) | [1] | 0 | 0 |
Fair Value, Recurring [Member] | Fair Value, Inputs, Level 2 [Member] | |||
Lease Guarantees | 0 | 0 | |
Derivatives (1) | [1] | (2,834) | (154) |
Fair Value, Recurring [Member] | Fair Value, Inputs, Level 3 [Member] | |||
Lease Guarantees | (168) | (482) | |
Derivatives (1) | [1] | $ 0 | $ 0 |
[1] | Interest rate swaps are valued based on observable market swap rates and are classified within Level 2 of the fair value hierarchy. |
Note 21 - Fair Value of Finan_4
Note 21 - Fair Value of Financial instruments - Schedule of Fair Value of Financial Instruments (Details) - USD ($) $ in Thousands | Dec. 31, 2020 | Dec. 31, 2019 |
Reported Value Measurement [Member] | ||
Long-Term Debt, Fair Value | $ 610,510 | $ 696,178 |
Estimate of Fair Value Measurement [Member] | ||
Long-Term Debt, Fair Value | $ 517,862 | $ 642,018 |
Note 22 - Commitments and Con_3
Note 22 - Commitments and Contingent Liabilities (Details Textual) $ in Thousands | Aug. 23, 2017 | Apr. 24, 2017 | Dec. 31, 2020USD ($) | Dec. 31, 2019USD ($) |
Number of Mines Sold | 5 | |||
Guarantees, Maximum Exposure | $ 8,000 | $ 20,000 | ||
Guarantees, Fair Value Disclosure | 168 | $ 482 | ||
Fitzwater Litigation [Member] | Pending Litigation [Member] | ||||
Loss Contingency, Number of Plaintiffs | 3 | |||
Casey Litigation [Member] | Pending Litigation [Member] | ||||
Loss Contingency, Number of Plaintiffs | 2 | |||
United Mine Workers of America 1992 Benefit Plan Litigation [Member] | Pending Litigation [Member] | Minimum [Member] | ||||
Estimated Liability, Annual Servicing Cost, Next Ten Years | 10,000 | |||
United Mine Workers of America 1992 Benefit Plan Litigation [Member] | Pending Litigation [Member] | Maximum [Member] | ||||
Estimated Liability, Annual Servicing Cost, Next Ten Years | $ 20,000 |
Note 22 - Commitments and Con_4
Note 22 - Commitments and Contingent Liabilities - Material Adverse Effect on Company's Financial Condition (Details) $ in Thousands | Dec. 31, 2020USD ($) |
Standby Letters of Credit [Member] | |
Total Amounts Committed | $ 157,156 |
Less Than 1 Year | 87,416 |
1-3 Years | 69,740 |
3-5 Years | 0 |
Beyond 5 years | 0 |
Standby Letters of Credit [Member] | Employee Related Commitment [Member] | |
Total Amounts Committed | 75,776 |
Less Than 1 Year | 54,134 |
1-3 Years | 21,642 |
3-5 Years | 0 |
Beyond 5 years | 0 |
Standby Letters of Credit [Member] | Environmental Commitment [Member] | |
Total Amounts Committed | 398 |
Less Than 1 Year | 0 |
1-3 Years | 398 |
3-5 Years | 0 |
Beyond 5 years | 0 |
Standby Letters of Credit [Member] | Other Commitment [Member] | |
Total Amounts Committed | 80,982 |
Less Than 1 Year | 33,282 |
1-3 Years | 47,700 |
3-5 Years | 0 |
Beyond 5 years | 0 |
Surety Bond [Member] | |
Total Amounts Committed | 651,608 |
Less Than 1 Year | 647,058 |
1-3 Years | 4,550 |
3-5 Years | 0 |
Beyond 5 years | 0 |
Surety Bond [Member] | Employee Related Commitment [Member] | |
Total Amounts Committed | 83,524 |
Less Than 1 Year | 83,524 |
1-3 Years | 0 |
3-5 Years | 0 |
Beyond 5 years | 0 |
Surety Bond [Member] | Environmental Commitment [Member] | |
Total Amounts Committed | 563,705 |
Less Than 1 Year | 559,155 |
1-3 Years | 4,550 |
3-5 Years | 0 |
Beyond 5 years | 0 |
Surety Bond [Member] | Other Commitment [Member] | |
Total Amounts Committed | 4,379 |
Less Than 1 Year | 4,379 |
1-3 Years | 0 |
3-5 Years | 0 |
Beyond 5 years | 0 |
Other Guarantee Obligations [Member] | Other Commitment [Member] | |
Total Amounts Committed | 8,673 |
Less Than 1 Year | 6,538 |
1-3 Years | 1,554 |
3-5 Years | 398 |
Beyond 5 years | $ 183 |
Note 23 - Segment Information_2
Note 23 - Segment Information (Details Textual) | 12 Months Ended | |
Dec. 31, 2020 | Dec. 31, 2019 | |
Number of Reportable Segments | 2 | |
Geographic Concentration Risk [Member] | Revenue Benchmark [Member] | CANADA | ||
Concentration Risk, Percentage | 1.00% | 1.00% |
Note 23 - Segment Information -
Note 23 - Segment Information - Industry Segment (Details) - USD ($) $ in Thousands | 12 Months Ended | |||
Dec. 31, 2020 | Dec. 31, 2019 | Dec. 31, 2018 | ||
Total Revenue from Contracts with Customers | $ 879,462 | $ 1,375,559 | $ 1,472,790 | |
Adjusted EBITDA | 261,523 | 405,936 | 484,736 | |
Assets, Total | 2,523,366 | 2,693,802 | 2,760,727 | |
Depreciation, Depletion and Amortization | 210,760 | 207,097 | 201,264 | |
Capital Expenditures | 86,004 | 169,739 | 145,749 | |
Coal Revenue [Member] | ||||
Total Revenue from Contracts with Customers | [1] | 772,662 | 1,288,529 | 1,364,292 |
Terminal Revenue [Member] | ||||
Total Revenue from Contracts with Customers | 66,810 | 67,363 | 64,926 | |
Freight Revenue [Member] | ||||
Total Revenue from Contracts with Customers | 39,990 | 19,667 | 43,572 | |
Intersegment Eliminations [Member] | ||||
Total Revenue from Contracts with Customers | 0 | 0 | 0 | |
Adjusted EBITDA | 0 | 0 | 0 | |
Assets, Total | 0 | 0 | 0 | |
Depreciation, Depletion and Amortization | 0 | 0 | 0 | |
Capital Expenditures | 0 | 0 | 0 | |
Intersegment Eliminations [Member] | Coal Revenue [Member] | ||||
Total Revenue from Contracts with Customers | [1] | 0 | 0 | 0 |
Intersegment Eliminations [Member] | Terminal Revenue [Member] | ||||
Total Revenue from Contracts with Customers | 0 | 0 | 0 | |
Intersegment Eliminations [Member] | Freight Revenue [Member] | ||||
Total Revenue from Contracts with Customers | 0 | 0 | 0 | |
Pennsylvania Mining Complex [Member] | Operating Segments [Member] | ||||
Total Revenue from Contracts with Customers | 811,353 | 1,308,196 | 1,407,864 | |
Adjusted EBITDA | 228,211 | 394,354 | 479,969 | |
Assets, Total | 1,864,514 | 1,981,721 | 1,894,209 | |
Depreciation, Depletion and Amortization | 198,272 | 185,616 | 178,969 | |
Capital Expenditures | 70,195 | 148,709 | 124,570 | |
Pennsylvania Mining Complex [Member] | Operating Segments [Member] | Coal Revenue [Member] | ||||
Total Revenue from Contracts with Customers | [1] | 771,363 | 1,288,529 | 1,364,292 |
Pennsylvania Mining Complex [Member] | Operating Segments [Member] | Terminal Revenue [Member] | ||||
Total Revenue from Contracts with Customers | 0 | 0 | 0 | |
Pennsylvania Mining Complex [Member] | Operating Segments [Member] | Freight Revenue [Member] | ||||
Total Revenue from Contracts with Customers | 39,990 | 19,667 | 43,572 | |
CONSOL Marine Terminal [Member] | Operating Segments [Member] | ||||
Total Revenue from Contracts with Customers | 66,810 | 67,363 | 64,926 | |
Adjusted EBITDA | 44,356 | 44,491 | 40,901 | |
Assets, Total | 108,711 | 87,558 | 84,929 | |
Depreciation, Depletion and Amortization | 5,095 | 4,078 | 3,782 | |
Capital Expenditures | 1,455 | 6,675 | 5,475 | |
CONSOL Marine Terminal [Member] | Operating Segments [Member] | Coal Revenue [Member] | ||||
Total Revenue from Contracts with Customers | [1] | 0 | 0 | 0 |
CONSOL Marine Terminal [Member] | Operating Segments [Member] | Terminal Revenue [Member] | ||||
Total Revenue from Contracts with Customers | 66,810 | 67,363 | 64,926 | |
CONSOL Marine Terminal [Member] | Operating Segments [Member] | Freight Revenue [Member] | ||||
Total Revenue from Contracts with Customers | 0 | 0 | 0 | |
Other Segments [Member] | Operating Segments [Member] | ||||
Total Revenue from Contracts with Customers | 1,299 | 0 | 0 | |
Adjusted EBITDA | (11,044) | (32,909) | (36,134) | |
Assets, Total | 550,141 | 624,523 | 781,589 | |
Depreciation, Depletion and Amortization | 7,393 | 17,403 | 18,513 | |
Capital Expenditures | 14,354 | 14,355 | 15,704 | |
Other Segments [Member] | Operating Segments [Member] | Coal Revenue [Member] | ||||
Total Revenue from Contracts with Customers | [1] | 1,299 | 0 | 0 |
Other Segments [Member] | Operating Segments [Member] | Terminal Revenue [Member] | ||||
Total Revenue from Contracts with Customers | 0 | 0 | 0 | |
Other Segments [Member] | Operating Segments [Member] | Freight Revenue [Member] | ||||
Total Revenue from Contracts with Customers | $ 0 | $ 0 | $ 0 | |
[1] | For the years ended December 31, 2020, 2019 and 2018 , the PAMC segment had revenues from the following customers, each comprising over 10% of the Company's total sales: For the Years Ended December 31, 2020 2019 2018 Customer A $ 134,354 $ 242,703 $ 283,703 Customer B $ 173,461 $ 446,403 $ 274,755 Customer C $ 116,536 $ 215,099 $ 214,152 |
Note 23 - Segment Information_3
Note 23 - Segment Information - Segment Revenue (Details) - USD ($) $ in Thousands | 12 Months Ended | ||
Dec. 31, 2020 | Dec. 31, 2019 | Dec. 31, 2018 | |
Total Revenue from Contracts with Customers | $ 879,462 | $ 1,375,559 | $ 1,472,790 |
Pennsylvania Mining Complex [Member] | Revenue Benchmark [Member] | Customer Concentration Risk [Member] | Customer A [Member] | |||
Total Revenue from Contracts with Customers | 134,354 | 242,703 | 283,703 |
Pennsylvania Mining Complex [Member] | Revenue Benchmark [Member] | Customer Concentration Risk [Member] | Customer B [Member] | |||
Total Revenue from Contracts with Customers | 173,461 | 446,403 | 274,755 |
Pennsylvania Mining Complex [Member] | Revenue Benchmark [Member] | Customer Concentration Risk [Member] | Customer C [Member] | |||
Total Revenue from Contracts with Customers | $ 116,536 | $ 215,099 | $ 214,152 |
Note 23 - Segment Information_4
Note 23 - Segment Information - Revenue and Other Income (Details) - USD ($) $ in Thousands | 12 Months Ended | ||
Dec. 31, 2020 | Dec. 31, 2019 | Dec. 31, 2018 | |
Total Segment Revenue and Freight from External Customers | $ 879,462 | $ 1,375,559 | $ 1,472,790 |
Other Income not Allocated to Segments (Note 4) | 126,886 | 53,349 | 58,660 |
Gain on Sale of Assets | 15,295 | 1,995 | 565 |
Total Consolidated Revenue and Other Income | $ 1,021,643 | $ 1,430,903 | $ 1,532,015 |
Note 23 - Segment Information_5
Note 23 - Segment Information - Adjusted EBITDA (Details) - USD ($) $ in Thousands | 12 Months Ended | ||
Dec. 31, 2020 | Dec. 31, 2019 | Dec. 31, 2018 | |
(Loss) Earnings Before Income Tax | $ (9,242) | $ 98,097 | $ 187,613 |
Interest Expense, net | 61,186 | 66,464 | 83,848 |
(Gain) Loss on Debt Extinguishment | (21,352) | 24,455 | 3,922 |
Interest Income | (1,230) | (2,937) | (2,146) |
Depreciation, Depletion and Amortization | 210,760 | 207,097 | 201,264 |
CCR Merger Fees | 9,822 | 0 | 0 |
Stock/Unit-Based Compensation | 11,579 | 12,760 | 10,235 |
Adjusted EBITDA | $ 261,523 | $ 405,936 | $ 484,736 |
Note 23 - Segment Information_6
Note 23 - Segment Information - Total Assets (Details) - USD ($) $ in Thousands | Dec. 31, 2020 | Dec. 31, 2019 | Dec. 31, 2018 |
Assets, Total | $ 2,523,366 | $ 2,693,802 | $ 2,760,727 |
Cash and Other Investments | 44,013 | 93,236 | |
Deferred Tax Assets | 68,821 | 103,505 | |
Operating Segments [Member] | Reportable Segments [Member] | |||
Assets, Total | 1,973,225 | 2,069,279 | |
Operating Segments [Member] | All Other Segment [Member] | |||
Assets, Total | $ 437,307 | $ 427,782 |
Note 24 - Related Party Trans_3
Note 24 - Related Party Transactions (Details Textual) | Jun. 05, 2020 | Aug. 31, 2019shares | Sep. 30, 2020shares | Dec. 31, 2020USD ($)shares | Dec. 31, 2019USD ($)$ / sharesshares | Dec. 31, 2018USD ($)$ / sharesshares | Nov. 28, 2019 | May 31, 2019USD ($) | Nov. 28, 2017USD ($) | |
Payment of Separation and Distribution Costs | $ 18,234,000 | |||||||||
Separation, Number of Independent Businesses | 2 | |||||||||
Stock Issued During Period, Shares, Acquisitions (in shares) | shares | [1] | 7,967,690 | 0 | 0 | ||||||
Common Unit Shares Issued Upon Conversion | 1 | |||||||||
CONSOL Coal Resources L P Units Member | ||||||||||
Conversion of Stock, Shares Converted (in shares) | shares | 11,611,067 | |||||||||
Stock and Debt Repurchase Program, Restricted Authorized Amount | $ 50,000,000 | |||||||||
CONSOL Coal Resources L P [Member] | ||||||||||
Stock Purchased During Period, Affiliated Entity Units (in shares) | shares | 0 | 0 | 26,297 | 167,958 | ||||||
Stock Purchased, Affiliated Entity, Average Cost Per Share (in dollars per share) | $ / shares | $ 14.05 | $ 18.33 | ||||||||
CONSOL Coal Resources L P [Member] | ||||||||||
Common Unit, Issued (in shares) | shares | 10,912,138 | |||||||||
Common Stock, Fixed Exchange Ratio | 0.73 | |||||||||
Conversion of Stock, Amount Converted | $ 51,710 | |||||||||
Accounts Payable, Related Parties, Current | $ 1,419,000 | |||||||||
Stock and Debt Repurchase Program, Restricted Authorized Amount | $ 50,000,000 | |||||||||
CNX Resources Corporation [Member] | ||||||||||
Notes Receivable, Related Parties | 6,791,000 | |||||||||
Affiliated Company Credit Agreement [Member] | Affiliated Entity [Member] | ||||||||||
Line of Credit Facility, Maximum Borrowing Capacity | $ 275,000,000 | |||||||||
Long-term Line of Credit, Total | 201,000,000 | |||||||||
Affiliated Company Credit Agreement [Member] | Affiliated Entity [Member] | Senior Secured Revolving Credit Facility [Member] | ||||||||||
Line of Credit Facility, Maximum Borrowing Capacity | $ 400,000,000 | |||||||||
Debt Instrument, Interest Rate, Increase (Decrease) | 50.00% | |||||||||
Affiliated Company Credit Agreement [Member] | CONSOL Coal Resources L P [Member] | Affiliated Entity [Member] | ||||||||||
Common Unit, Issued (in shares) | shares | 37,322,410,000 | |||||||||
Interest Expense, Related Party | $ 9,155,000 | $ 7,892,000 | $ 7,709,000 | |||||||
Repayments of Long-term Debt, Total | $ 176,535,000 | |||||||||
Affiliated Company Credit Agreement [Member] | CONSOL Coal Resources L P [Member] | Affiliated Entity [Member] | Minimum [Member] | ||||||||||
Debt Instrument, Interest Rate, Stated Percentage | 4.25% | |||||||||
Affiliated Company Credit Agreement [Member] | CONSOL Coal Resources L P [Member] | Affiliated Entity [Member] | Maximum [Member] | ||||||||||
Debt Instrument, Interest Rate, Stated Percentage | 5.25% | |||||||||
[1] | See Note 2 - Major Transactions for additional information. |
Note 24 - Related Party Trans_4
Note 24 - Related Party Transactions - Changes for Services (Details) - USD ($) $ in Thousands | 12 Months Ended | ||
Dec. 31, 2020 | Dec. 31, 2019 | Dec. 31, 2018 | |
Total Services from CONSOL Energy | $ 13,424 | $ 11,528 | $ 11,218 |
Operating and Other Costs [Member] | |||
Total Services from CONSOL Energy | 3,820 | 3,219 | 2,918 |
Selling, General and Administrative Expenses [Member] | |||
Total Services from CONSOL Energy | $ 9,604 | $ 8,309 | $ 8,300 |