XML 56 R38.htm IDEA: XBRL DOCUMENT v3.19.3
Commitments and Contingent Liabilities (Tables)
9 Months Ended
Sep. 30, 2019
Commitments and Contingencies Disclosure [Abstract]  
Long-term Purchase Commitment
At September 30, 2019, CNX has provided the following financial guarantees, unconditional purchase 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 the commitments in the following table 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
$
198,316

 
$
80,244

 
$
118,072

 
$

 
$

Other
750

 
750

 

 

 

Total Letters of Credit
199,066

 
80,994

 
118,072

 

 

Surety Bonds:
 
 
 
 
 
 
 
 
 
Employee-Related
1,850

 

 
1,850

 

 

Environmental
11,283

 
11,073

 
210

 

 

Financial Guarantees
81,670

 
26,400

 
55,270

 

 

Other
9,306

 
8,433

 
873

 

 

Total Surety Bonds
104,109

 
45,906

 
58,203

 

 

Total Commitments
$
303,175

 
$
126,900

 
$
176,275

 
$

 
$


Unrecorded Unconditional Purchase Obligations Disclosure As of September 30, 2019, the purchase obligations for each of the next five years and beyond were as follows:
Obligations Due
Amount
Less than 1 year
$
252,535

1 - 3 years
489,023

3 - 5 years
412,960

More than 5 years
1,113,008

Total Purchase Obligations
$
2,267,526