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Commitments and Contingent Liabilities
9 Months Ended
Sep. 30, 2018
Commitments and Contingencies Disclosure [Abstract]  
Commitments and Contingent Liabilities
COMMITMENTS AND CONTINGENT LIABILITIES:
CNX and its subsidiaries are subject to various lawsuits and claims with respect to such matters as personal injury, royalty accounting, 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. CNX accrues the estimated loss for these lawsuits and claims when the loss is probable and can be estimated. The Company's current estimated accruals related to these pending claims, individually and in the aggregate, are immaterial to the financial position, results of operations or cash flows of CNX. It is possible that the aggregate loss in the future with respect to these lawsuits and claims could ultimately be material to the financial position, results of operations or cash flows of CNX; however, such amounts cannot be reasonably estimated.

At September 30, 2018, CNX has provided the following financial guarantees, unconditional purchase obligations, operating lease obligations and letters of credit to certain third parties as described by major category in the following tables. These amounts represent the maximum potential of total future payments that the Company could be required to make under these instruments. These amounts have not been reduced for potential recoveries under recourse or collateralization provisions. Generally, recoveries under reclamation bonds would be limited to the extent of the work performed at the time of the default. No amounts related to these unconditional purchase obligations and letters of credit are recorded as liabilities in the financial statements. CNX management believes that these commitments will expire without being funded, and therefore will not have a material adverse effect on financial condition.
 
Amount of Commitment Expiration Per Period
 
Total
Amounts
Committed
 
Less Than
1  Year
 
1-3 Years
 
3-5 Years
 
Beyond
5  Years
Letters of Credit:
 
 
 
 
 
 
 
 
 
Firm Transportation
$
251,057

 
$
69,538

 
$
181,519

 
$

 
$

Other
285

 
265

 
20

 

 

Total Letters of Credit
251,342

 
69,803

 
181,539

 

 

Surety Bonds:
 
 
 
 
 
 
 
 
 
Employee-Related
1,850

 
1,500

 
350

 

 

Environmental
11,136

 
11,021

 
115

 

 

Other
12,396

 
11,523

 
873

 

 

Total Surety Bonds
25,382

 
24,044

 
1,338

 

 

Total Commitments
$
276,724

 
$
93,847

 
$
182,877

 
$

 
$


Excluded from the above table are commitments and guarantees that relate to discontinued operations, entered into in conjunction with the spin-off of the Company's coal business (See Note 5 - Discontinued Operations). Although CONSOL Energy has agreed to indemnify us to the extent that we are called upon to pay any of these liabilities, there is no assurance that CONSOL Energy will satisfy its obligations to indemnify us in these situations.

CNX uses various leased facilities and equipment in its operations. Future minimum lease payments under operating leases at September 30, 2018 are as follows:
Operating Lease Obligations Due
Amount
Less than 1 year
$
13,643

1 - 3 years
17,693

3 - 5 years
10,748

More than 5 years
37,676

Total Operating Lease Obligations
$
79,760



CNX enters into long-term unconditional purchase obligations to procure major equipment purchases, natural gas firm transportation, gas drilling services and other operating goods and services. These purchase obligations are not recorded on the Consolidated Balance Sheets. As of September 30, 2018, the purchase obligations for each of the next five years and beyond were as follows:
Obligations Due
Amount
Less than 1 year
$
263,068

1 - 3 years
515,251

3 - 5 years
397,821

More than 5 years
1,080,415

Total Purchase Obligations
$
2,256,555